SALE
Folks are always telling me : “ I would love to make money in real estate , but I ’ m just to broke .” And I respond every time : “ So was I .”
Back in the late ‘ 80s , I started reading books on how to make money in real estate . Every time they kept telling me you find a good deal , then you go get a loan and buy it , fix it , sell it , or hold it .
That ’ s when I would say to myself : “ Well it sounded too good to be true .” Later I learned it is too good to be true . I learned how to Wholesale Properties . I learned what I would say to be the greatest technique in real estate .
How to buy a house without actually buying the house . Now let me tell you how that works .
I compare it to when I would go garage selling with my wife on the weekends . We would drive around looking for SIGNS !
You know , garage sale signs . We would find a sale and then look for a deal . And we always seemed to find at least one deal , once we started making offers and negotiating . By the way , I have
WHO IS JIMMY V REED ?
Jimmy V . Reed of Fort Worth , Texas has been investing in real estate since 1987 and by 1991 started doing one day trainings in Wholesaling . He then began teaching and mentoring others through out the country . Jimmy also created several training ’ s used in the past by Whitney , Rich Dad , and others . He currently is the founder of www . 1REclub . com & was co-founder of the Fort Worth club REIO-FW . com for 14 years . Now he trains students through his company Real Estate Equity Development .
For more info , please visit : www . JimmyReed . net
taught thousands of students whose number one fear is to make an offer . But the second you put them in a garage sale , they start making offers so low it was like kicking the seller in the knee cap !
Anyway we would finally agree upon a price . And many times realize we didn ’ t have enough money on us to purchase the item . So we would ask the seller to hold it until we came back with the money .
And ... wahlah ... Garage Sale Real Estate ! I know you ’ re thinking : “ WHAT ?” Well let me tell you the secret to this . At the garage sale we would run to the ATM , get the money , come back and pay . Now take this principal a little deeper as we teach in our wholesale classes . Tell the seller to hold it , how ? A simple Purchase Contract .
That ’ s when you tie up the property until you have the money . I know , I know , you ’ re broke ! That ’ s ok because while it is under contract , we contact other investors who are looking for deals ! That ’ s right , we are deal finders finding deals for our customers . These investors have CASH !
Now we just assign the contract to them for a fee . And now you just got Paid ! Sometimes we even use a double close to close on the property because the profit margin is so large . That one is a lot of fun .
Well hopefully by now you at least can see a glimpse as to how so many investors can make money in real estate without having money . Did you know when you go to a car lot , or even Wal-Mart , the items you purchase from them have most likely not even been paid for by them yet .
That ’ s right Wholesaling has been going on in most business forever . Now the question is are you up for some Garage Selling ? Well it ’ s all up to you , but if you need a little help look us up , we ’ ve been teaching Wholesale to investors since 1991 . v
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