Tried-and-Tested Tips to Making Money in REI

Learn everything that you need to know about maximizing your income potentials. Thomas Bartke will also share tips on motivation, marketing techniques, blogging, social networking, ensuring longevity in the industry and many more!

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Millions in Selling Properties with Code Violation

First, Trace Trajano gives an overview on what code violations are. Then, he provides a detailed and step-by-step guide on how to profit from homes that have been fined by the city government. Be amazed at how easy it is to make money in this promising market!


Visit REI Wired's Youtube channel for more real estate videos to choose from.

Getting Some Quick Real Estate Mentoring

Getting some quick real estate mentoring is becoming a fashion today. Being under a teacher has many benefits and one of them is the reduced learning curve. But before you jump into any of the courses you see on TV, remember these simple reminders.
Choose a method you want to learn. There are many ways of real estate investing that are very profitable in today’s market. Some of these methods are rehabbing, wholesaling houses, short sales, and rentals. The first one is simply repairing rundown properties so they can be sold high again. The second is selling contract to purchase properties while the third is buying houses so they don’t go through foreclosure. The fourth is simply opening properties for rent. These methods are effective in today’s market primarily because of the availability of cheap properties that may be used in various investing methods.

Choose a mentor. If you plan to undergo real estate mentoring, you must of course have a mentor. When selecting a teacher, be sure to double check the credentials of that mentor. Make sure that the mentor is also an investor and not just a teacher of theories. You must ensure that he applies his own teachings on his ventures. Also, when you don’t feel like respecting the mentor, opt out of his program. Remember that for you to fully understand the real estate investing concepts of a teacher, you must believe in everything he says. If you can’t do that, it’s unlikely that you will learn from the mentor.

Study the basics. One of the mistakes students commit when undergoing real estate mentoring is that they do not conduct a little research about the course. It is important that before you study wholesaling houses, rehabbing, or another method that you learn its basics. Go to bookstores and pick up a copy of books on investing and real estate. Business and marketing basics will also help. You must ensure that you know at least the basic terms used in this industry. Fill yourself with helpful information. If you have any questions, list them down and ask your mentor about them.

Go online. The Internet is a powerful research tool. Whether choosing an investment method, choosing a mentor, or studying the basics, the Net can be your buddy. Just make sure that you get information from reliable websites. For example, if you need information on real estate investing, you can go to REIWired.com, which is a trusted authority on the matter.

Why Many Investors Prefer Wholesaling Over Other Real Estate Investing Strategies

A battle, they say, is won by those who have good strategies. If a general or warlord is able to come up with a plan that allows him and his troops to outsmart their enemies, then he can expect a quick victory. The same principle holds true when you invest in real estate. If you don’t want to be a loser, you must have good real estate investing strategies in place.

For a beginner, one of the best real estate investing strategies that you can use is wholesaling. Wholesaling is basically defined as the process of placing a property under contract and then finding an end buyer for that contract. The reason why it is ideal for a newbie in the business is that it is less risky and you can start building your real estate empire without having the need for a huge investment capital.

How is this possible? It is simple, really. When you wholesale a house, you don’t buy the property itself. Because you don’t have to shell out some cash for the purchase of the house, you won’t need a huge investment capital. And since you’re not investing a huge amount of money, there is little or no risk involved.

For as little as a $100-deposit, you have the power to control a property worth thousands of dollars. You can also decide to whom you are going to assign the contract to. And by spending about $100, you can earn about fifty times of the same amount once you have successfully facilitated the sale of that property. Now, isn’t that amazing or what?

Real estate investors who prefer wholesaling over other real estate investing strategies usually earn somewhere between $5,000 and $15,000 worth of assignment fee per transaction. Depending on the type of deal or the property that they were able place under contract, the figure can be as low as $3,000 or as high as $20,000.

However, wholesaling properties is not as easy as you think. If you don’t know anything about marketing, if would be difficult for you to find properties to be placed under contract or end buyers for the contract that you have acquired. Therefore, if you want to succeed using your chosen real estate investing strategy, you also have to master the art of marketing.

Meanwhile, if you want to explore other real estate investing strategies, visit www.REIWired.com. The website has all the learning resources that you need to succeed in the real estate investing business.

Nifty Pointers on Real Estate Investing for Beginners

Over the years, many people have become millionaires and billionaires by investing in real estate. By becoming property investors, real estate moguls like Donald Trump and Robert Kiyosaki were able to enjoy the life they have always dreamed of.

If you want to be the next Donald Trump but you’re worried that you’re totally clueless about investing in real estate, don’t worry because that can be easily amended. All you have to do is to learn the basics and show dedication to your chosen career.

Real estate investing for beginners is not really that different from real estate investing for veterans. Newbies and seasoned investors have the same goal in mind, and that is to get huge returns from their investments. Both of them are trying to do the same thing. So don’t be afraid to invest in properties just because you’re a beginner.

In addition, don’t be afraid to commit mistakes. In fact, there are veterans who still make huge blunders. But what’s great about committing mistakes is that you can learn from them. As the saying goes, experience, be it positive or negative, is the best teacher.

A little tip on real estate investing for beginners, though. The real estate business is not all wines and roses. It is a highly competitive world and with more and more people wanting to become real estate investors, the competition has become tougher than before. One way to survive in this business and to make all your dreams come true is to sharpen your real estate investing skills.

To enhance your capabilities as a real estate investor, you should learn from the examples of prolific real estate entrepreneurs. Duplicate their recipes for success. If one of them is offering to mentor you, take advantage of that golden opportunity.

If you don’t have the luxury of hiring a real estate mentor, you can still beef up your real estate investing skills by perusing various instructional materials. The Internet, for one, is a great source of real estate education as there are many websites that offer educational tools for both beginners and veterans in the real estate business.

Real estate investing for beginners is not really that complicated. With the right mindset and attitude, as well as the willingness to learn and try new things, being a successful real estate investor is a no-brainer.

Considering making money in real estate? To get started, log on to www.REIWired.com.

Education: The Key to Successful Real Estate Investing

If you believe that the real estate investing business has lost its luster, you’re sadly mistaken. No matter what the current financial situation in the country is, investing in real estate is still one of the best ways to gain financial freedom. Just ask those people who made riches by being a real estate investor.

However, while it is true that it is easier and faster to generate huge income by becoming a real estate investor, such a feat is still impossible if you don’t have at least a background on investing in real estate. In fact, many real estate investors quit halfway because they are incurring more profit losses that profits due to their lack of knowledge. Therefore, if you don’t want to end up as a failure just like these quitters, study real estate investing first before taking a big step forward.
There are many ways to beef up your real estate education. Listed below are some of them:

1. If you haven’t visited the local library as a child, now is your chance. The library has lots of books about real estate investing and if you can’t afford to buy a book or any reading material for that matter, the library is the best place to get free real estate education.

2. Another way to improve your knowledge on investing in real estate is to surf the Internet. The World Wide Web is a treasure trove of information for an aspiring real estate investor like you. Nowadays, there are many real estate experts who share their knowledge by posting articles and other learning materials online. By reading their blogs and visiting their websites, you can pick up hints and tips that you can use when it is time for you to invest in real estate.

3. If you have money to spare, it wouldn’t hurt to invest them in your education. You can attend seminars and workshops organized by experts in the real estate business. If you want, you can also sign up for courses or buy instructional materials.

4. Having a real estate mentor can also beef up your knowledge on investing in real estate. A mentor can teach you lots of neat stuff about the business, as well as provide you with hints and tips that only real estate veterans know.

Always remember that if you want to succeed in the real estate investing business, you have to take care of your real estate education first. Visit www.REIWired.com to get the best real estate education there is.

The Perks of Hiring a “Homegrown” Real Estate Mentor

One of perks of having a real estate mentor by your side is that you’ll never get bored with the real estate investing business. A mentor can provide you with companionship and you’ll feel safe and secure knowing that you won’t be alone when the going gets tough. As people used to say, doing something nice feels better when you do it with a trusted friend or companion.

Choosing a trusted companion when investing in real estate, however, is not really that easy. With the growing number of veteran real estate investors who wish to earn extra income by mentoring greenhorns, it is quite difficult to find the perfect coach who will cater to your learning needs. In addition, there are phony real estate gurus who take advantage of the inexperience of beginners by ripping them off.

If you’re considering hiring a real estate coach, one of the best ways to ensure that you’ll get the quality of education that you deserve is “to go local.” Here are the reasons why you should hire a locally based real estate mentor instead of spending thousands of dollars on a big-time coach:

1. If you want to focus on your real estate investing business in your own “backyard” rather than buying investment properties in other cities or states, a locally based mentor can help you in this regard. A “homegrown” coach knows the local real estate market well and he or she can provide you with insider tips and other valuable information.

2. A locally based mentor is also the best person to ask regarding the real estate laws in your city or state. Such a mentor is extremely handy, especially when you want to try an unconventional real estate investing method but don’t want to run into trouble with the authorities.

3. You can sleep soundly at night knowing that you can meet your mentor anytime of the day. For some real estate investors, having the knowledge that their coaches are living just a few blocks away gives their self-confidence a boost.

4. A locally based mentor can help you build your real estate investing team. He can give you recommendations on which contractors to hire or hints and tips on where the find the best local hard money lender.

But before you pick a locally based real estate mentor, see to it that you have conducted a research on his or her background. Be sure that the coach you’re going to hire is indeed capable of helping you become one of the best investors in your city.

Do want to know what it feels like to be mentored by some of the best real estate gurus in the country? Then visit www.REIWired.com.

Real Estate Investing Tips on Buying Bank Owned Homes for Profit

Dreaming of building a great real estate empire? Well, you’ve come to the right place because this article will give you an insight into one of the best ways to build wealth in the real estate investing business – by investing in bank owned homes.

Bank owned homes, or real estate owned houses (REOS), are considered some of the hottest investment properties in the real estate market today. In fact, they are extremely popular among real estate investors and conventional homebuyers because of their affordable prices. So if you want to buy these hot properties, here are some real estate investing tips to help you get started:

1. Check out as many REOs as you can. Don’t limit your choice to a single bank owned property. As much as possible, check out all the available real estate owned houses in the area you want to invest in so you can have more properties to choose from. Always remember that more choices mean more opportunities to make money in real estate.


2. Determine comparable sales and the history of the property. Once you have singled out the REO that you want to buy, perform due diligence. You might have probably heard this a million times but studying the comps and the property’s history will help you determine the market value of the REO in question, as well as give you an idea on what your initial offer to the bank that owns the property would be.


3. Inspect the house. One of the most important real estate investing tips on buying bank owned homes that you should remember is never sign a deed of sale without giving the property a thorough inspection. As we all know, many bank owned homes are in a state of disrepair as their previous owners were unable to maintain them because of financial difficulties. By inspecting the house, you’ll get an idea on how much the cost of repairs would be, which you can use to support your opening bid to the bank.


4. Don’t be afraid to negotiate. Although banks will tell you upfront that prices of real estate owned houses are non-negotiable, there is no harm in trying to negotiate for a lower price. Who knows, they might consider your request if you ask nicely.

If done correctly, buying bank owned homes can provide you with great investment opportunities. For more real estate investing tips on buying, selling, and rehabbing REOs, log on to www.REIWired.com.

Real Estate Coaching: Separating Wannabe Gurus from Good Mentors

Even though teachers can be a pill at times, you cannot deny the fact that you are indebted to these people. If not for them, you wouldn’t be able to get where you’re at right now. Because of the tons of homework and projects that they made you do while you were still in school, you learned how to better manage your time and deal with stress.

For real estate investors who refuse to get real estate coaching because they feel that a mentor may cramp their style or become more of a burden to them, sorry to say this but you’re going to miss a lot on your real estate investing career. Like a school teacher to his student, a real estate mentor can help you grow and become a better investor. And most of all, a coach can steer you to the right direction and significantly reduce your learning curve.

However, with the booming real estate investing industry come wannabe real estate gurus who want to make money off the inexperience of newbie investors. That being said, you have to exercise extreme caution when looking for someone who can guide you to the right direction and help you reach for the stars.

Listed below are some nifty hints and tips on how to separate fake gurus from certified mentors who can provide you the best real estate coaching services.

1. A certified real estate mentor is someone who actively invests in properties. He (or she) also uses the strategies that he is teaching to his students to make money in real estate. If you’re going to hire a coach, see to it that he does all these things and more.

2. Ditch your mentor if he tells you that he cares for your future but won’t follow up on his words. A good real estate coach is supposed to show you that he cares through his actions and not his words. If your mentor doesn’t do anything except from giving you lip service and make promises that he can’t keep, then you’re probably working with a wannabe real estate guru.

3. A fake real estate mentor constantly put his students down to make him look good. A good coach, on the other hand, inspires and motivates his students to do their best and to keep on trying even if the odds are playing against them. So if you’re going to hire a mentor, which one are you going to choose? The second one, of course.

Receiving a real estate coaching service from a mentor can make significant contributions to your career. However, you’ve got to choose the right person for the job. If you want to have an idea who that person might be, visit www.REIWired.com.

4 Ways to Fail in Property Investing

While property investing can be a lucrative way to make a living amid these trying times, you won’t get closer to fulfilling your dreams if you don’t know the mistakes to avoid when investing in real estate.

Fortunately, I have taken the privilege to list down some of the most common blunders that many real estate entrepreneurs commit in their haste to build a real estate empire:


Mistake No. 1: Investing in properties without prior real estate knowledge.

Time and time again, many people have been stressing the importance of having education. From Greek philosopher Aristotle to famed scientist Albert Einstein, successful individuals from every generation underscored the benefits of being well-informed. Therefore, if you don’t want to become a complete and utter failure in real estate investing, spend some time and money on your education. But if you think education is expensive, try ignorance.


Mistake No. 2: Investing without a plan.

As the saying goes, if you fail to plan, you plan to fail. If you want to be a prolific property investor, you should set specific goals and develop a plan to realize those goals. And once you have come up with a solid plan, you should work hard and strive to implement the plan that you have created.

Having an investment plan can do wonders to your property investing business. It can serve as a map to your success, as well as help you determine the strengths and weaknesses of your real estate investing strategies.


Mistake No. 3: Falling in love with your investment properties.

While it is true that your personal preferences can serve as an effective yardstick when choosing houses to invest in, you shouldn’t solely rely on them. You should give priority to the needs and wants of your buyers. For instance, when doing the paintjob on a fix and flip project, pick the color that your buyer would like and not your favorite shade of pink. Because you’re not the one who’s going to live in the house, you shouldn’t let yourself be too emotionally attached with an investment property.


Mistake No. 4: Investing without observing due diligence.

When investing in real estate, see to it that you did your homework well. Did you check the property’s history? Are you sure that the property has a high after repair value? Did you study the comparable sales in the area you want to invest in? Can you guarantee that potential buyers will be happy to live in the neighborhood where your investment property is located? If you fail to answer any of these questions, then it is only a matter of time before you find yourself in a sticky situation.

If you want to know more property investing mistakes and learn how to avoid them, visit www.REIWired.com.

Property Investing: Why it’s Time to Take the Plunge

The housing crisis has deeply affected the American public, with hundreds of thousands of people losing their jobs due to the subsequent recession caused by the bursting of the housing bubble. However, there is one silver lining to this crisis – property investing. The recession has opened the doors for many Americans to take a chance in real estate investing. It has given thousands of people who lost their jobs the opportunity to get back on their feet through property investing.

Aside from a huge increase in the number of foreclosed properties, the housing market crash has also pulled down property prices, making it easier for real estate investors to purchase houses. So if you’re considering investing in real estate, here’s a list of reasons why you should take the plunge now.

CHEAP Properties. There are hundreds of thousands of undervalued and foreclosed properties across the country right now, many of which are selling for under 50 cents on the dollar. What this means is that you only need a small amount of capital to purchase a house, renovate it, and then sell it for a nice profit.

No Money Down Investing. Perhaps the biggest draw in property investing is that you can do this even if you don’t have money and no credit. This “No Money Down” investing is particularly evident when wholesaling houses, wherein an investor purchases only the contract to a house, not the property itself. A lot of veteran (and rich) investors have been wholesaling houses without spending their own money and without having their credit history pulled. If you want to learn more about how this system works, visit www.REIWired.com, which features videos, articles, e-books, and other educational materials that deal with everything about real estate investing.

Lot of Buyers. The claim that there are no buyers in today’s market just doesn’t hold water. There will always be buyers. People need roofs over their heads. Those who were evicted from their homes due to foreclosure will look for smaller houses for their family. You can be that person who can provide them their new albeit smaller home if you’re in the property investing business. On other hand, since houses are now cheap, families who now have the chance to move into bigger and better houses will certainly do so. In fact, many American families have taken this opportunity to move into bigger houses located in better neighborhoods.

The housing crisis may have brought hardships to most Americans. But if you’re smart enough to see the silver lining, you can use the housing crisis as a springboard to living the life you’ve always wanted. A lot of real estate investors have already done so. You could be the next.

Bring Home the Bacon with Real Estate Coaching

When you were still at school, isn’t it easier to learn new things with the help of a teacher or a tutor? Learning real estate investing is like going to school. It is much easier to understand new concepts and ideas by undergoing a real estate coaching program.

Just like in sports, a team that performs well and is always at championship games has, no doubt, a great coach. A coach can motivate his team to give their best shot and teach them techniques that can help them beat the competition. He is the one who affects his team the most and when the latter performs badly, the coach is the one who gets replaced, not the players.

If you want to improve your real estate investing business, you should consider obtaining real estate coaching. Just like a sports team with a great coach, you can acquire valuable techniques from a mentor that will help you defeat the competition. In addition, it would be easier for you to handle certain real estate deals since you have someone who can provide you with good advice.

However, if you think that you’re real estate mentor is pulling you down instead of lifting you up, you have to severe your ties with him the soonest possible time. A good coach is someone who can help you grow as a real estate investor but if he is the one who’s impeding your growth, then you should find someone else who can provide you with the quality of education that you deserve.

To avoid choosing the wrong coach, always conduct a background check on the mentor that you are planning to hire. As much as possible, obtain all the information about him that you can find. As we all know, the real estate coaching services of a mentor don’t come cheap, which is why you have to be sure that you’re spending your hard-earned money on the right tutor.
Investing in real estate can be a tough nut to crack at times. With the help of a real estate mentor, however, generating a stable income in this highly competitive business is just a walk in the park.

Meanwhile, if you’re looking for someone who can help you reach the “championship games” and bring home the trophy, visit www.REIWired.com. The website has dozens of videos that feature some of the best real estate coaches and mentors in the country today.

4 Real Estate Tips on How to Create Curb Appeal

Investors are often on the constant search of real estate tips that can help improve their way of dealing with their business. One of the most useful abilities that real estate professionals can develop is the ability to create curb appeal. This term refers to the exterior appeal of an investment property.

Creating curb appeal is very important for people investing in real estate. It helps investors attract more potential buyers and eventually close more deals. In order to achieve this quality, here are some real estate tips that real estate investors can use:

• Know the power of first impressions. First impressions matter a lot in the world of real estate investing. These impressions can make a buyer’s interest towards a home grow more or fade away. That is why investors should take a good objective look at their properties and see what they can do to catch a buyer’s attention in a good way.

• Investors should put themselves in the buyer’s shoes. In order to achieve high curb appeal, real estate investors should be able to think like buyers when they invest in real estate. They should be able to see the first things that other people see in a property whether it is a crack on the concrete driveway or a dead potted plant.

• Focus on the basics. Investors should be able to determine the basic elements that people see when the first step in front of a property. They should make sure that the exteriors of a home are in tip top shape. This means no chipping paint on the walls, heaping piles of trash up front, and broken windows.

• Attention to small details adds up a lot to a property’s appeal. There are some investors who forget about the power of little details in an investment property. These real estate professionals do not realize that buyers also pay attention these things as well. Therefore, investors should know that even the most seemingly insignificant detail such as a picket fence or a doorbell affects the overall appeal of a home.

These real estate tips are just some guidelines that people investing in real estate should keep in mind when it comes to their properties. For those aspiring investors who want to know more information about anything related to real estate, they can visit REIWired.com.

5 Real Estate Investing Strategies that Stand the Test of Time

Investors are always on the lookout for real estate investing strategies that will help them bring in a lot of money. With many so-called strategies that are coming from websites, magazines, journals, and real estate seminars, determining the best strategy for an investor can be quite a challenge at times. It is a good thing that there are effective strategies that remain constant even in an unpredictable real estate market.

Here are five examples of useful real estate investing strategies that people can use in any scenario in real estate investing:

· The Economist Approach – Most real estate investors who have been in the business for a long time have one thing in common: they stay in tune with the market no matter what. Researching and monitoring previous and current real estate trends give people an idea on how to see the future of their investments. This investing approach also teaches real estate professionals to be a few steps ahead of everyone else.

· Niche Specialization – Success is slim for those who try to become the jack of all trades when it comes to investing in real estate. That is why it is better for investors to focus on just one specific area or type of investment in order to yield the best results in their venture.

· Exit Strategies – Having an exit strategy is one of the oldest and most reliable piece of advice in the world of real estate. Savvy investors know the value of planning what to do with an investment property even before a deal closes. An exit strategy is not just one plan, but it also includes a series of backup plans for a property just in case a deal falls through.

· Professional Networking – One of the most important real estate investing strategies that groups and individuals should develop is the ability to pool a number of contacts such as buyers, contractors, loan officers, and other professionals who they can collaborate with in their projects. Building a network is definitely an essential in order to make it in the field of real estate investment.


Aside from the real estate investing strategies listed above, there are many other tried and tested approaches that are used by both new and experienced investors. For more information, visit REIWired.com for details, tips, and advice on how to learn and apply these strategies.

The Easy Real Estate Mentoring To-Do List

Real estate mentoring has helped many investors in finding out the dos and don’ts of investing. However, the task of finding the right real estate mentor can be daunting at times. In order to make things easier for aspiring investors, here are some pointers on what a person should do when looking for real estate mentors:

• Look at profiles and information about well-known real estate gurus. One of the first things that an aspiring investor should do when looking for a real estate mentor is to do some research. An individual can do some research by reading books and searching online about the person. Another way to search for more information is by reading and watching materials coming from these gurus such as videos and e-books.

• Ask for referrals from other investors. Aside from doing some research, another way that aspiring investors can use when looking for real estate mentors is by asking recommendations from other investors who have been around for quite some time. These people have already been in the industry long enough to know who gives great real estate investing advice from the ones that are just pure publicity and speculation.

• Contact real estate coaches personally via e-mail and ask questions. After doing research and getting referrals, it is best to contact a possible real estate mentor personally or via e-mail and social networking websites. This will enable an aspiring investor to ask questions to his or her prospective coaches. If a so-called mentor or coach just answers a possible student with mere sales pitches, then that is not a good sign.

• Follow different real estate coaches online. A great way of getting to know real estate mentoring professionals and how they work is through the World Wide Web. These days, both investors and coaches are bound to have a blog or a social networking page wherein they share their ideas to the world. Subscribing to blogs and following online profiles of these people help a lot in choosing the best person to go to for advice.

• Go to different real estate seminar sessions each week. Lastly, one of the best ways to determine if a real estate coach is a right fit to a wannabe investor is by seeing them in action. A lot of coaches meet students for the first time without any charge. This will help students know if a so-called expert is worth their time and money.

For those who want to find out more about real estate mentoring, there are websites that give investors tips on finding a mentor. REIWired.com has information and resources coming from successful names in the industry that are willing to share their knowledge people starting out in the industry.