The Experts In Real Estate And Mortgages

The deal usually has to be created by the real estate investor. Do not expect the seller to offer you the best deal and great terms.

You need to know a few different strategies in order to benefit the sellers situation and your own. First impressions are extremely important at this stage as the seller wants to know that you can solve his problem and that he is dealing with a professional.

Create a powerful presentation that will build trust, credibility and rapport with the seller as quickly as possible.

Try to create a folder containing, reference letter, testimonials, better business bureau membership, pictures of past purchased properties, resume, business card and anything else that is positive (including credit report if you have great scores). Even though there are many deals you can create without using your credit, you can get better interest rates and terms with great credit.

Now is a good time for you to work on improving your credit with a reputable credit repair company so it is their when you need it.

Ok, now it is time to evaluate this potential deal to see if it meets your criteria and what type of an offer to make. It is important to realize that there are 2 people that have to believe this is a good deal for them, you and the sellers.

You nay have to look at, evaluate and make 10, 20 30 offers before you actually buy a deal.

So for this to work you must constantly have multiple potential deals coming in through various sources. You must make a list of potentials, narrow them down and then visit them.

Create an evaluation form to assist you in collecting all this info in order. You need to determine the sellers motivation, calculate needed repairs and potential profit.

Now that you have the info needed and it looks like a good deal, it is time to make an offer based on the sellers needs and yours.

Even if they turn down your first offer always leave the door open in case the situation changes or their motivation increases.

Send a follow up contract so they have a signed offer in front of them.

Present the deal and structure it different ways that may appeal to the seller.

In order to have as many different ways to structure an offer , create contracts to protect you, and fund the deal you need as much knowledge in this business as possible so throughout this series I will recommend sources for additional information on this subject.

The Ultimate Real Estate System is one such source that is very inexpensive up to date and complete so take a look.

The next post will continue the subject of Creating the Deal and look into Goal setting, investment considerations, various formulas you need to know and a whole lot more.

Here are some sources of this knowledge that I highly reccomend you look into by reputable renown experts.

Learn how to buy Foreclosures.

The Ultimate Real Estate System-Become a real estate investor the right way– Learn how to buy with no money down, bad credit, create bulletproof contracts, lease options and a ton more. World renowned investor tells all.

Massive Profits In Foreclosure-Earn $10,000 in 30 days with Foreclosures, no money down

Fix your credit– Raise your credit scores and remove negative credit to quaify for the best interest rates

Free Nationwide Foreclosure Lists-Look for foreclosures in every state 

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