Scott Rister
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Your Best Real Estate Decision
The best real estate decision you’ll ever make, may in fact be the deal you never do. Its ten times better to do one truly great deal then ten marginal ones. That is because it can be the one marginal deal that could possibly turn into a financial nightmare for you. The furthest thing I would ever want to promote is to try and take the wind out of anyone’s sail. Make no doubt that real estate is the quickest way for those of us who are an “average Joe” to make true wealth in this life. Well, that is…
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Wholesaling Dilemma – Getting Your Buyer Into the House!
All right, you decided that you want to wholesale houses for instant cash. In fact, you’re down the road on the learning curve and you’ve done all the homework by having a strong buyers list already established. In fact, your specific marketing for wholesale deals is paying off and you’re not only getting leads but offers that are getting accepted!Now you just need to solidify that buyer contract and a BIG paycheck with your name on it is right around the corner. Let me be very, very frank with you and state that wholesaling properties is like being in the…
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Wholesale Houses and QUIT Your Corporate Job
Be real here for a minute and ask yourself, “why are you investing in real estate?”Long-Term Wealth AccumulationCash-Flow OpportunitiesLarge Capital Gains—-Rehabs & Subject To Loan PayoffsThose are excellent reasons to be in real estate whether you’re wanting to make a little more money on the side while having your corporate job. but do you have larger aspirations in life??That’s exactly what I’m getting at here and I’m asking those of you who are truly seeking aLifestyle Change!!What would it be worth to you to plan your own schedule? Just how much value could you possibly place on determining your own…
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Wholesale Deals Are Relative To Your Area!
Probably the one question I get asked the most on wholesaling is, “can that work in my area?”. Let me try to hold my emotions here and to sum this up in one word “yes”!!!! Wholesaling great deals knows no city, county or state boundaries and deals are where you find them.More specifically of what I want to emphasize is that wholesale deals are relative and unique to your area. What I mean about that is that I am simply not going to give some blanket crazy statement like, “you can only wholesale properties if they are 65% Loan-To-Value including…
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What Is A Motivated Seller?
“Why should I focus on motivated sellers?”. I would truly rather beat my head against the wall than talk to unmotivated and inflexible sellers. What is fun and financially rewarding in real estate is making great deals—not marginal ones. If you have a semi-ego then you may want to talk with your peers on the great subject-to financing deal you just closed on. However, you may be satisfied just knowing your income and wealth just added a significant asset with the three bedroom fixer-upper that you just can’t decide whether to wholesale it for quick cash or retail it for…
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What Do You Mean I Can’t Wholesale an REO?
Once in a blue moon you’ll get the same type of problem, or rather should I say “Opportunity” to wholesale a property but seemingly you run into a brick wall. Ok, here’s the scenario:You find or become aware of a very motivated seller and that seller just happens to be a bank. It’s moving time and they want to get this one off their books and fast. All reasonable offers accepted.You make your best reasonable offer and through your Realtor of countering a couple of times and a little bit of hee-hawing you get an acceptable price. Now you can…
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Triple Your Real Estate Profits!
I recently advised a friend on a deal that brought back a point to me that needs reiterating to make your real estate business very profitable:Keep In Contact With Your Potential Leads!Your ability to do this will more than double your profits in real estate and that is the gospel truth! For example let me use this recent situation with a seller.Mrs. Seller has a property with a first mortgage and a second mortgage over-financed at 110% LTV. The seller committed to keep the second current until the loan could be retired from tenant/buyer, however this is risky from an…
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The ‘Option’ For Motivated Sellers!
Sometimes turning a potential deal into one that will make you a lot of money can be all in the way you approach the deal. What I’m about to reveal to you is one technique I use which is “optioning” with motivated sellers for truly great deals.Let me preface this to begin with the fact that the #1 aspect motivated sellers are seeking is very simply CONFIDENCE in you. This means that you can do what you can say and say what you can put in writing. However, even some of the most motivated sellers will need to “see the…
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The Ultimate Short Sale Technique!
To be successful in real estate I always preach to the masses that you have to be significantly better and significantly different than the next person. That ‘next person’ is called your competition.I don’t want to send out hints of paranoid thoughts that you shouldn’t network with other investors. In fact nothing could be farther from the truth. However, other investors including myself still guard some of their secrets on finding truly great deals in order to consistently profit in creative real estate in their local market.Let me give you an example of exactly what I’m talking about. I travel…
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Strong Buyer’s List For Quick Cash!
Being able to generate quick cash on a consistent basis is exactly what gets you to full-time real estate investor status, or can take your current real estate business to the next level. Being able to wholesale properties boils down to being able to get those properties sold QUICKLY!!!From the time you put a contract on a property the clock is ticking and you must be able to get it sold quickly. I constantly see the one ingredient that many investors are lacking which is keeping them from thousands of dollars and that is:A Strong Buyer’s List!!In wholesaling properties for…
