Free List of Grandville Foreclosures and Homes For Sale
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Free List of Grandville Foreclosures and Homes For Sale
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http://www.TheForeclosuresMan.com check us out to get the best real estate deals in West Michigan. Call Eric Medemar at 616-635-0699 for more info
Folks, I'm talking about the iceberg theory.
Just like icebergs, 20% of investing success is visible above the surface while the other 80% is hidden away. The problem is that every “guru” from here to Kansas is only teaching the 20% that's visible.
I hate to say it, but without the other 80% in place there is not a real estate investing course in the world that is going to do you a bit of good.
Let me tell you a quick story to illustrate my point.
Imagine that your dream was to go to Australia to see the Opera House in Sydney. You have been dreaming about going to Australia your entire life. You've read all the books, you've get 70% of the streets memorized, you even have a small tattoo of Australia right above your belly button. Basically you know more about Australia than 99% of Australians do.
The time has finally arrived for you to travel to this far off place you have been dreaming of your entire life then it hits you.....
You find out that you have to fly there. You have never considered that you could not drive there. Through all of your research, your time spent gazing at the Opera House, and reading about the Aboriginal tribes, you failed to see that you would actually have to get on a plain and fly there. The problem is that your petrified of planes, in fact there is no amount of money in the world could get you to set foot on a plane.
Right now real estate “Guru's” all across America are teaching you about Australia when what you really need is to overcome your fear of planes.
In the next couple of weeks I will be giving my “Fear of flying guide” to everyone who has purchased my Ultimate Investor System. I have been carefully studying the success of “Students who do vs. Students who don't” and I can tell you right now there is NO DIFFERENCE in the amount of real estate knowledge....
Feel free to check out The Ultimate Investor System at www.UltimateInvestorSystem.com and I will send you my "Fear of flying guide" once I have put the finishing touches on it. If you get your real estate knowledge between now and then, I think you will be ready to set the world on fire.
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Eric Medemar is a expert on Grand Rapids Real Estate and Grand Rapids Foreclosures you can get in touch with him via his website TheForeclosuresMan.com
You can get his FREE Real Estate Secrets Newsletter at his website www.FreeInvestingNewsletters.com
Real Estate Secrets: Free Investing Seminars #8
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Real Estate Investing: Crashing Market Strategies Explained
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http://www.GreatGuruGiveaway.com Wholesaling Expert Eric Medemar provides insight on our crashing real estate market and gives tips on turning out huge profits with no money down strategies.
Real Estate Investing: Crashing Market Strategies Explained
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http://www.GreatGuruGiveaway.com Wholesaling Expert Eric Medemar provides insight on our crashing real estate market and gives tips on turning out huge profits with no money down strategies.
Thank you for stopping by my real estate investing FAQ
For some strange reason people are always wondering what kind of money they can make wholesaling real estate. Here are the basic factors that will determine how much you can make wholesaling.
The price of the home- Typically higher priced homes will have more room for profit then lower priced homes. Example: if you can find a home for 50% FMV (Fair market value) and sell the home for 70% FMV then you would have a 20% spread. 20% of $100k is far more than 20% of 20k.
The motivation of the seller-With all things being held equal, the lower the price that you can put the home under contract for, the greater your profit potential will be. Example: If you can buy the home for 50% FMV and you have buyers that are willing to buy homes at 70% FMV, your profit will be far greater than if you put the home under contract at 60% FMV.
The motivation of the buyer- Owner occupant buyers will typically pay far more for a home than another real estate investor. Owner occupant buyers are willing to pay more simply because they are looking for a home to have as their principal residence rather than as an investment property.
I have personally dealt with different variations of all of the above. When conditions have been have been perfect, meaning I had a very motivated seller and a very motivated buyer I have made up to $28,000 on a single transaction without the need for cash or credit. That is one of the reasons why I decided to become a full time real estate wholesaler.
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If you pay close attention to the way we treat learning in our society, you will quickly realize that after our formal education is complete, many of us consider our learning to be “done”. Having said that I have a recommendation to all high school seniors and college graduates across the U.S, KEEP AWAY FROM THE CAP AND GOWN. All formal education seems to end with the cap and gown, and all learning seems to end with the formal education, therefore stay away from the cap and gown and you will stay away from the end of formal education.Once your formal education is complete, the fun learning should begin. Now is the time to start learning about the things in life that truly interest you. Move over Pythagorean theorem, Pi, and amoeba dissection. Bring on the self discovery, new hobbies, and self improvement.
If you think learning is boring try spending an afternoon with a 2-5 year old. Listen to the questions, watch their mind working, or watch as they discover something new around every corner. Far too soon these human sponges will be well on their way to disliking learning just like you. Once our school system gets their grimy little mits on the little learning sponges that we call children, thing go down hill quick.
Once our children enter school learning becomes a forced activity and all creativity involved in the learning process is left for art class once a week. Now when our little learning sponges aren't interested in learning about a particular subject, at a particular time, they are labeled ADD, a disruption in class, or slow. It is not long before their little learning sponge minds start creating the child logic short cuts like.
I used to learn without getting in trouble..
Now I get into trouble if I don't learn at a particular pace.
When I get into trouble I don't feel loved.
When I don't feel loved it makes me sad.
So maybe if I stop learning, I can't get into trouble for not learning fast enough, because after all this learning stuff seems to lead to pain every time. (Sure we get the occasional good job when we do something right, but when we do something wrong the whole world seems to end).
Having said that, is it any wonder why so many of us stop learning once our formal education ends?
Over the weekend my wife and I went to see one of those crazy hypnotism comedy shows. You know the shows where they get like 20 people to come up on the stage and make fools of themselves while they are hypnotized.
One of my favorite tricks of the evening was when the hypnotist convinced this 300 lb Hulk looking dude that he could not lift his left foot off ground. Here was this man, who on an average day could probably squat 600 or 700 lbs, but when hypnotized he could not life his foot no matter how hard he tried. His face was beat red, he was sweating buckets, you could clearly see that he was trying with all his mite but that foot would not move.
Why couldn't this massive muscular dude move his foot? Experts will tell you that when you are under hypnosis the hypnotist is speaking directly with your subconscious. Without your conscious mind making all of the decisions about what you can and cannot do, your subconscious mind is much more open to suggestion. This 300 lb guy could not move his foot simply because he didn't think that he could.
How does this relate to you? If simple thoughts could render the Hulks foot useless, how could your thoughts about investing success be affecting you? Have you convinced yourself that you can't achieve success as an investor for one reason or another? Is the market too bad? Do you need more money first? What limiting beliefs do you have about what you can achieve? Have you hypnotized yourself into limited success without knowing it?
If your a struggling newbie your answers to the questions will move you closer to the root cause of your problem. Even if your a seasoned investor, you are likely to have some limiting beliefs about how big you can grow your business. Once you uncover your limiting beliefs, you simply need to notice when that little voice inside starts trying to convince you of your limits. Instead of getting in a pushing match with the little voice, simply ask “How do I know this is true?”. If there is no way of knowing whether or not something is true, you simply need to dismiss what the voice has to say and move on.
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How much money Should I make per wholesaling/Flipping deal it sounds like $10k is the going rate?
I know my market wont bear too many $10,000+ wholesale deals right now. Maybe a few here or there, I have had a couple of people make $40k plus. The factor that many investors fail to look at when they want to make $10k+ per deal is how many $5k-8k deals are they passing on while they are waiting for a $10k deal. I would much rather do 4x$5k deals in a month then a $10k deal every 2 months.
One huge factor that most people forget drives price besides location, and condition of the home is the amount of investor competition in the area. Too many investors make prices artificially climb. One large investor willing to except $5k a deal could literally knock every other investor out of decent profits.
When I meet with new investors I tell them my program:
1. I will tell you how much I can sell the home for when its done and how fast I can sell it at that price.
2. You tell me how much you will have into repairs.
3. Then decide how greedy you are.
I have had investors looking for a GREAT deal for months while my other investors settle for GOOD deals and are doing a couple per month.
$8,000 profit will always be $8,000 that you didn't have before, if you see a lot of great deals then go for those, but if your 1 or 2 months in and haven't found your $10k deal then maybe you need to lower your standards a bit.
Many rookie real estate investors use the "Waiting" game for huge profits as a crutch so they don't have to ever step up to the plate. These rookies run around talking about being an investor, looking at homes, doing their courses, and keep getting ready to get ready. Then when people ask them how many deals they have done they can say "I'm still looking, just have not found the right house yet".
You do need to do your homework don't get me wrong, the last thing you need to do is buy a $200k home and make only $10k. In my market many real estate investors are waiting for some GREAT deals to come up in the nicer areas ($85k to $300k), the problem is these deals are not coming around often enough. Then when these "Super deals" do come up they are no longer "Super deals" because everyone wants them.
Meanwhile you could be buying in the "bad part of the city" where wholesaling produces less money, but higher volume availability. The investors looking in the pretty areas do not want to buy in this area because "its not a nice neighborhood". Great for you,
So to reiterate:
Most real estate wholesalers are waiting to maybe make $10k per transaction. But, these deals come around about once or twice a month with fierce competition.
I would rather pick up 5-6 deals a month making $5-8k per deal on homes than not doing any deals at all.
I want to leave you with something to think about. "thinking about getting into real estate" for more than a month, then your no longer "thinking about getting into real estate" your just "Thinking of reasons why you can't do it".
To Your Success,
Eric Medemar
In order to change your life, you must first change the decisions that you make a daily basis. Poor decision making can account for up to 99% of your current position in life. In order to make better decisions we must first identify all of the decisions that we have made that have gotten us up to where we are today. Without knowing the good and bad decisions that we have made it will be nearly impossible to change our lives.
So why do you make so many bad decisions? One of the main reasons for our complete lack of decision-making ability is that our minds are preprogrammed for short term pleasure. Short term pleasure does not necessarily mean that we enjoy what we are doing. Short term pleasure can be derived simply by thinking that what we are currently doing is easier than our other alternatives. The funny part is "easier" does not always mean easier either. Short-term easy often means less effort or less immediate pain. To make things even more complicated "pain" does not always mean pain either. Pain is far too often thrown into a group with performing the unknown. It's funny how many people would much rather have a painful "known" thing happen rather than commit to a wonderful "unknown".1. How will this decision impact my life 5 minutes from now.
2. How will this decision impact my life 5 hours from now.
3. If I keep making this decision, how will it affect my life 5 weeks from now.
4. If I keep making this decision, how will it affect my life 5 months from now.
5. If I keep making this decision, how will it affect my life 5 years from now.
If you can derive a positive answer to all of those questions then you can rest easy knowing that you have made a good decision.
If you are interested in Grand Rapids Foreclosures you must check out this site: www.Incomehomes.com
WE are giving away a house for FREE check out our Home Raffle site

Real Estate Negotiation Tactics Revealed
Does the thought of giving up your hard earned equity to a money hungry buyer leave your stomach in knots? You are not alone in your frustrations with our current housing market. Nothing is more frustrating than negotiating a contract with greedy buyers who know they have the upper hand because of our current housing slump.
What can you do to preserve your hard earned equity during our recent economic downturn? I am going to unveil two little known strategies for maximum equity preservation during the negotiation process.
Strategy #1 Plant negotiation seeds early- You need to face reality, the current housing crisis has left homebuyers at a major advantage when it comes to the negotiating on the price of your home. It will be important for your to counteract a greedy buyers sense of power, I recommend using subtle hints of other pontential buyers from the very beginning. Leave these buyer hints before you know that a potential buyer likes your home. Once a buyers reveals their intentions of buying your home, it will be too late.
Strategy #2 Keep your mouth shut- Buyers who are well versed in the home buying process will do their best to get your talking. Why do they want to hear you talk? Buyers know that if they can uncover your motivations for selling, then they stand a chance to steal your home right out from under your nose. I advise limiting the conversation only to questions about the home. Stay away from questions about your reasons for selling and your financial information.
Following these 2 simple but effective Real Estate Negotiation strategies for preserving your hard earned equity will keep you one step ahead of greedy money grubbing home buyers
One of the most overlooked aspects of skyrocketing your profits when you buy or sell a piece of real estate is hard-hitting negotiation. Your TV is overrun with the latest “Fix your house” television shows. Don't get me wrong, fixing your home does have its place, but high-powered negotiation strategies will ad thousands of profits, without you ever lifting a finger.
In this article I am going am going to debunk two of the most costly myths about real estate negotiating. Just knowing a few of my easy tips about negotiating can easily add 1-5% of your homes sales price to your profit. That means on a $100,000 home, using a few simple tips can make you between $1,000-$5,000.
Using just a couple of these fool proof negotiation strategies will make your next real estate negotiation seem like showing up to a knife fight using an M-60.
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If you have done any work with the Internet or real estate investing websites then I am sure you have heard of the term keyword. Keywords are the words on your web page that are relevant to the type of traffic that you would like to visit your site from the search engines. When search engines send their spiders to gather information about your page they will be searching for your keywords. Your keywords will help the search engines direct your placement within the search engine itself.
I am going to come at this from the perspective that you are new to building your real estate investing website. I am going to review just a few of the errors that I have seen so many other rookie web designers make when creating real estate investing websites.
Mistake #1 Using keywords that are too generic- If your web designer uses keywords that cover to broad of a spectrum then you will never get placement near the front page of the search engines. Getting your site listed on the front page of the major search engines should be a priority in order to quickly start collecting prospects from your site. For example some specific keywords for getting leads for Austin, TX motivated sellers would be: sell our Austin home, Austin home buyers, Austin Realtors, selling homes in Austin, avoiding foreclosure in Austin. Now some examples of bad keywords would be: Sell our home, avoid foreclosure, sell real estate. The reason that the second example is so useless is because there are so many sites across the nation competing for the same keywords. Because of the heavy competition your site has almost no chance of capturing front page placement.
Mistake #2 Not putting your keywords in the correct places- For optimal search engine placement, keywords should be placed in the headings, near the beginning of your web copy, and also near the end of your web copy.
Mistake #3 Not checking out your competitors- If you want to win the war for the front page of search engines, then visit the sites that currently show up on the search engines. Once your at the site you can go to the top of the page and go to the view section of the tool bar. Under the view section hit the view source or view page source button. That is going to give you the code behind the website that you are viewing. Look for the keywords that your competitors are using near the top of the page.
If you can avoid these mistakes when building your real estate investing websites then you will be well on your way to success.
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If you did not happen to catch the other parts of this article I will bring you up to speed. I am author of several highly successful real estate investing courses. I have always been curious as to what factors lead to some of my students using the information that I provide successfully, while others have no success at all. After interviewing many of my students I have compiled a list of the top factors that will determine your success or failure as a real estate investor.
The first crucial success determining factor was the intentions of the real estate investing course purchaser. The second critical success factor was the ability of the purchaser to "Get up off their information and do something". Now I will discuss the third critical factor for investing success.
The third factor that went into how successful my students would become is their mindset. By mindset I mean the way that they viewed success or failure in the investing business. Successful students had a very flexible mindset when it came to how they viewed their success. Successful students did not look at the set backs that they came across as failures. Instead they viewed the setbacks as feedback that moved them one step closer to their end goal. They realized that no set back is either good or bad, but it was their thinking that made it so. To quote myself "Failure is your receipt that says you tried".
My students who did not achieve any level of success viewed success as an all or nothing situation. This "All or nothing" attitude, left them paralyzed by their fears. In other words they had created a situation where they had a million ways to fail, but only one way to succeed. With odds like that it is no wonder my real estate investing course material never resulted in any level of success. These students did not allow themselves any chance to become successful, because they never made it beyond the information gathering stage. Essentially they were stuck in "Analysis paralysis" or as I like to call it "Getting ready, to get ready".
In part 4 of this 5 part article we will be discussing the fourth critical success factor which is planning.
Eric Medemar is a real estate consultant and author from Grand Rapids, MI. Be sure
to check out his FREE Real Estate Investing guide as well as his highly acclaimed
Real Estate wholesaling course where he will show you his easy to understand methods for investing in real estate with no money, no credit and no risk.
FREE Real Estate Short Sales Report check out www.ShortSaleUniversity.com
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