Just Too Good NOT To Share!

I’ve been “preparing,” over the last few years, to be the real estate investor I’ve always wanted to be. But, as one wise investor once said, “Education, without implementation, is simply entertainment.”

I didn’t spend the money I’ve spent, to learn what I’ve learned, just to be “entertained!”

Earlier this month, a guy I respect as a person, real estate investor, marketer and wholesaling godfather… (He doesn’t know that’s my title on him!) Well, he had what he called, a “No Pitch” conference in Tampa, Fl., where many different investors and “leading” teachers shared their tips.

Here’s a list of “The 10 Biggest Mistakes” investors make… according to Mike Collins. Not only do I agree with him, I just had to share this list from Mike, with you too… in case you missed the seminar, like I did. Here’s the list. LEARN from it.

1. Buying rentals before ever wholesaling.

Back when I started and still today people preach the way to success in real estate investing is to buy rental properties and hold them. While I don’t disagree in the long run, not wholesaling first and/or adding wholesaling to your existing rental acquisitions program will cost you hundreds of thousands of dollars and years, maybe decades, of your life.

2. Attempting to Rehab Homes before wholesaling.

All of the rage today is flipping houses, witness all the television shows where people buy, fix up and resell houses. While that can be a profitable strategy for some. Neglecting wholesaling and not learning the values of these houses will again cost hundreds of thousands of dollars. If we agree that the commodity we deal in is houses then wouldn’t it make sense that the first job we need to learn or the most important job we need to learn is how to find, value (or evaluate) and secure contracts on this single family home commodity?

3. Buying houses for a rental or rehabbing without understanding how deep a discount I could really get.

Many people, Rehabbers and Landlords, could make so much more money for their efforts if they first learned through constant repetition of buying and selling houses what the real lowest value is they could get on deals.

4. Not understanding the value of homes at a deep level before I made offers.

Many people try and buy houses rehab, rental, and wholesaling without a detailed comparable sales program. There are many cheaper alternatives to a quality comparable sales program; but if you were a carpenter would you go to work without a hammer? This tool (the comparable sales program) is your right hand in wholesaling houses.

5. Not understanding marketing is the most important part of my business.

“You don’t gotta get it right, you just gotta get it goin!” Everyone’s heard the term, guerilla marketing. Anyone, at any level of finances and willingness can start this business from their spare bedroom and build up to any level of marketing budget they wish.

6. Thinking I was looking for people in financial trouble.

This is one of the biggest mistakes new people make. They search foreclosures or advertise for people in financial distress. In reality the commodity we are looking for is a property that has repair issues. We can’t purchase a property at a deep enough discount unless there are repair issues we can solve and thus increase the value and price of the home.

7. Borrowing money of any kind, hard money, family money, bank line of credit against my home, any type of money borrowing for real estate investing while I was wholesaling or before I learned to be a good wholesaler.

“Find the deal first and the money second,” is the rule you should live by. Everyone gets bogged down because they don’t personally have the money, or they don’t know where to get it, or where to find a buyer for the property. This is truly a scenario of putting the cart before the horse. “Deal first – money second!!”

8. Thinking mistakes, were the end of the world.

“You fall you learn!” Learn to fail faster, if you make mistakes in rehabbing or landlording it could be years before your back in the game or back on your game. In wholesaling making a mistake means only that you learned what houses not to buy. Think of the old adage, “What would you attempt if you could not fail?” Wholesalers know that there is very little at risk, including their earnest money deposit, on well written contracts on single family homes. (In the commercial real estate world they call this a free look.)

9. Not knowing what I was looking for.

Most everyone starts their real estate career looking for houses that they might like to live in, when in reality they should be looking for the investment grade rehab and rental properties in their area. These are below the median price ranges in stable blue collar neighborhoods.

10. Wholesaling too many houses and not keeping enough for my portfolio.

Rank this as the biggest mistake I EVER made, Here I was, the gateway to my clients 100, 200 and I even 400 house portfolios and I was selling them for what amounted to tips. Don’t feel too sorry for me, as I learned my lesson and started keeping rentals! I wish I had done it sooner, Just please don’t do the same and keep the best houses with the biggest equities for you and your families future.

Even after 20 years of wholesaling houses writing this blog post takes me back in time and I feel all the frustration I did when I first got started. I want you to bypass all that frustration. Take this list, print it out, put up by your desk, and make sure you reference it frequently.

BUT…

Just because those were MY mistakes, it doesn’t mean they’re the ONLY mistakes one can make.

All the best,
Steve Berchtold
http://www.real-estate-investors-marketing.com

What’s Your Problem??????

Do you know what the #1 problem is for anyone
struggling to make money online?

No, I’m not trying to sell you anything.  I’m
simply asking a question.

===============
What Is The Problem?
===============

Some people say it’s not having the right information,
and even more say it’s not knowing where to start…

And what’s odd is that their both right… BUT…

The real thing holding you back is:

*Lack Of Personal Attention*

Or maybe you could call it…

*Lack Of “Guru” Involvement*

Seriously.

Doesn’t it just feel like they publish these
dorky eBooks and then run off into
the night… never to be seen again?

=======================
Think About This For A Second:
=======================

How many times have you bought some random
”Guru” product and had a question about a process
or system that just didn’t seem to make sense?

Well, if you’re like just shy of 100% of struggling Internet
Marketers out there then you’ve run into this issue before.

You bought the thing in the first place because
the “sales letter” promised all sorts of great
wealth and power…

Now you’re eagerly reading page after page… hoping
to uncover the secrets of the universe…

And what ends up happening?

======================
The Product CAN’T Deliver…
======================

What do you do?  Most people do nothing.

But a small, select few will try to “clear up” the
issue by sending the “Guru” an email.

And that’s where the silence begins.

You never hear back.  It’s like nobody exists
at the end of that big, black cyber-hole called
email.

==============================
What If I Told You All That Had Changed?
==============================

No, this still isn’t a sales pitch, I’m just asking
some questions!

Just what if…

… you could actually find a program that was
not only really built for new and struggling
internet marketers… (rather than the millions of
products build for people who ALREADY have
successful businesses…)

…that had direct access to the person who
made the program?

And what if…

===========================
The Program Was Built Around YOU?
===========================

Freaky idea, huh?

What if there was a program developed by
a guy who was not only extremely focused
on getting you and your business either off the
ground or blown up to the level you dream of…

… Do you think that would be worth
checking out?

No?

I don’t blame you.  I wouldn’t have thought
so either.

Why?  Because it sounds like “Marketing
Hype” and yet another load of crap.

But then I heard…

=========================
… He Works Directly With YOU
=========================

And this is where it gets freaky.

The guy actually responds to his emails!

Not only that he works with you in the forums…

AND… not to get your hopes up or anything,
but he’s even doing Joint Ventures with some of
the people in his program!

Now THAT is worth taking a look.

========================
But That’s Not The Best Part…
========================

The best part is…

It won’t cost you a dime to try out the program…

…and see for yourself if all this stuff I’ve been
saying is true.

==================
No Cost To Try It Out
==================

Like I said, I’m not selling you anything.  I’m
just pointing a few small issues and letting
you know there’s a “different” sort of marketer
in town.

See for yourself.  Here’s the link.
http://www.goldbar.net/ua/link.php?affID=U3RldmVCZXJjaHRvbGRfYWQ=||

No kidding.  You can take a look at Zero Cost.

P.S. The other thing you should know about
this guy is that he has the most *entertaining*
online business development training you’ll
probably ever run into.

Take a look, on the 3rd or 4th page he
even has some video samples…
http://www.goldbar.net/ua/link.php?affID=U3RldmVCZXJjaHRvbGRfYWQ=||