Preston Ely
-
Wholesalers Are Making Too Much Damn Money. FTC Suspects Fraud.
It’s so funny. At least once a day someone walks up to me, says hello, and then with a pseudo-sorrowful look on their face and a hand on my shoulder as if my mother just died in a fiery car crash asks how I’m doing in real estate. When I reply that I’m doing awesome and it couldn’t be better they look shocked for some strange reason.”Really?” They exclaim. “Wow! That’s great. Good for you.” They look a little perplexed, and then they walk away tapping on their cell phones. I’m not sure what all the tapping is about. I…
-
Think 2009 Is A Bad Time To Get Into Real Estate? That’s What They Want You To Think. Wake Up Dummy!
Ever wonder why things happen? If not, then just stop reading. This will be way over your head. Go watch cartoons.Why did real estate values suddenly climb to record highs the past few years? Why did interest rates drop so low allowing so many average people to refinance and get access to more cash than they had ever previously seen? And more importantly.Why did it stop all of a sudden?The answer is – someone wanted it this way.Now I’m not pointing any fingers at the government or blaming the government or insinuating that the government is responsible in any way…
-
Short Sales – Don’t Do It
Have someone else do it for you.Short sales get dealt with just like everything else in my life that even remotely smells like stressful labor; they get delegated. Outsourced. Sub’d out. Avoided at all cost. The purpose of this article is to encourage you to do the same.Life is too short to do things you hate. Don’t you feel the same way? Did you know you don’t have to do things you don’t like? You are not a prisoner. You’re free. I spent ten years of my life doing what the world considers “real” work. I’m done. Real work blows.…
-
Network Your Way To Millions
Let’s cut to the chase.The goal is a few hundred leads per month. You want billboards, commercials, and mass mailers going out in the tens of thousands.There is only one small problem…You currently have $327 a month available for marketing.What do you do?You have champagne taste and a malt liquor budget.Simply put, you must start where you are and work your way up. And where you are is broke, by the way. Let that both embarrass you and motivate you at the same time. Don’t like it? Oh yes, you do. If you really didn’t like it, you’d change it.…
-
How To Make $15,000 In One Assignment Fee
So I’m sitting at Starbucks this week just typing away (not very fast, mind you; I only use two fingers total) when my piece of crap iphone that doesn’t work ever starts ringing…”rrrrrrrriiiiinnngg…”Me: “Yeah.”Intruder: “Yo! Preston! It’s me, Dave – your favorite student! I just flipped a house for a $15,000 assignment fee. I happened to be in your neighborhood so I thought I’d call you and say ‘thank you for making me rich’ for the thousandth time in my life!”Me: “I’m at Starbucks on Howard Ave. Stop on by and tell me about it.”I love it when my students…
-
Finding Buyers In 2008
Times they are a changin’.Whereas in 2005 finding a buyer for your wholesale deal was easy, we are now faced with a much more challenging predicament. I have personally coined this annoying situation as “Reality.””Reality” sucks. We all know this. Normally I can effortlessly bend it to my will, but it’s actually putting up a pretty good fight this time. You see, what I want it to do is put things back the way they were a couple years ago. A couple years ago, if I so much as sneezed I would have rehabbers (buyers) lined up around the block…
