Flipping Shacks News Letter # 1

Flipping Shacks News Letter

You are about to embark on an incredible journey

Hello World, I want to start off by introducing myself. I am Christopher Seder some of you may know me, and some may not, I hope to get to know everyone involved in real estate in Billings Montana. I am a real estate investor in Billings Montana.

Flipping Shacks is a monthly news letter for Real Estate investors and anyone interested in real estate or anyone interested in reading interesting articles.

This is News Letter number one. I hope every enjoys this, Its going going to get better from here.

Here is the picture of the Month.

If you see this gorilla punch him in the face for me. One night he snuck out of my house, took my signs and has been putting them up everywhere. Follow the signs and you may find him.

Back to the news letter.

There is going to be articles about all aspects of real estate investing, from tips for wholesaling, rehabbing, subject to, short sales and anything I can think of. Now this first one is free but the rest will be forty seven a month. I am just kidding they all are free. I love writing these and helping others figure out new ways to make money and have success.

If you have not gone to http://www.BuyHomesMt.com and signed up for updates on wholesale deals do that now. Make sure you are specific and detailed about what kinds of deals you are buying. There might not be any houses posted yet but they are coming soon.

My goal is to inspire you, make you laugh and teach.

Quote of the Month:

"I found that when you start thinking and saying what you really want then your mind automatically shifts and pulls you in that direction. And sometimes it can be that simple, just a little twist in vocabulary that illustrates your attitude and philosophy."
- Jim Rohn

I am going to be starting all newsletters with some fun inspirational quote. Without inspiration you will not succeed in anything, let alone real estate. Real estate tips are worthless if you do not have it in you to persevere and overcome.

Featured Article

Wholesaling

What is Real Estate Wholesaling?

Wholesaling is seeking out affordable properties and putting them in the hands of other investors or buyers. For your trouble of marketing and finding the property you get paid a nice profit, which is kind of a finder’s fee, in a way. The wholesale process is very simple and anyone can do it.

Why in the world do we need wholesalers in Billings Montana?

It seems like the buyer or investor could easily search out cheap properties on his own or her own with no need to even go through a wholesaler. Most investors cannot always find the best deals out there because they do not have the time to really seek out and dig them up. As a wholesaler you have to become a monster marketer. When anyone has a house they need to sell quickly they think of you. This is what separates wholesalers from regular investors. Regular investors do not want to do the dirty work and sort through the 50 seller calls and non motivated leads that come in a week.

Wholesaler do the dirty work of searching in every little crack and crevice to find the deals. As a wholesaler you have proficient in marketing, negotiations, rehabbing (because you will be selling to another investor, you have to know what it will cost to rehab a house), knowing what property values are, and have ethics.

Wholesaling for Dummies

Find a motivated seller and negotiate a sales price around 40-65 percent of the after repair value (value of home in perfect condition). Sometimes lower than that. We have to buy properties at the low price because we consider in rehab costs, carrying costs, closing costs, our wholesale fee, and the rehabbers profit.

Next put the property under contract at a price that will work well with all these expenses added in. You just have to make sure there is good profit on the back end, for the rehabber you are selling too.

Take the contract to a title company. Let the company know that you will be brining in an assignment document and another copy of the purchase agreement at the time of closing.

Take the price you agreed on and mark it up anywhere from $2,000 to $100,000 (it will take some time to get a feel for what you think you can wholesale a house for quickly). Do not mark it up so much so there is no profit in it left for the rehabber.

Market the property to all investor buyers, landlords, and wholesale buyer you know.

Once you find a buyer, simply assign the contract to them with your profit documented as an assignment fee.

Attend the closing deal with the buyer and make sure everything is running smoothly.

Collect your check and then move on to the next deal.

The process is simple enough and can be a great place to build up cash for other investing strategies.

Keep your priorities straight

As a real estate wholesaler you always have to keep your seller and buyers best interests first and foremost. Never do a deal unless it’s a win-win situation for both you and the seller. If you cannot help them move on, do not make their situation worse. Always be honest and do business with integrity.

Thank you for reading,

Sincerely,

Christopher Seder http://www.ChristopherSeder.com