Author: Chris Prefontaine

29 Nov

Posted at 11:21h in Wicked Smart Academy

Before you can start building your real estate business, you need to find homeowners looking to sell their homes. Unfortunately, it’s not as easy as putting up a sign and having tons of people calling you asking you to buy their property. Instead, you’ll have to test out a few different methods of lead generation and that's what we'll cover in this blog These tips are a great starting point and we delve deeper into lead generation for real estate investors in our Seller Specialist Program within our Wicked Smart Academy (members: Click here to access it) Not yet a member? Go deeper on...

22 Nov

Posted at 09:18h in How To Start Investing In Real Estate

We believe there are nine steps to success for how to find real estate deals. This is based on our experience in engineering hundreds and hundreds of deals across the country alongside the Associates in our Wicked Smart Community as well as for our own real estate company. And — these nine steps will also help you make sure the deals you find are profitable. Here are the nine steps for how to find real estate deals: Find seller prospects (leads!) Prequalifying seller prospects Using follow-up properly and efficiently  Placing the seller in the proper bucket Structuring deals and presenting offers ...

08 Nov

Posted at 13:24h in How To Start Investing In Real Estate

There are many strategies to help you get started with real estate. Strategies that help you purchase your first investment properties or even your first home without having a lot of cash on hand and, in some cases, without having a traditional mortgage. One strategy that you can use to help purchase your properties is owner financing. But is owner financing a good idea? This is an alternative to a traditional loan, where the purchaser agrees to make a down payment – often 20% of the purchase price – but has the rest of the purchase price financed by the seller.  With owner...

04 Nov

Posted at 18:07h in Real Estate Investment Business

If you’re just beginning your journey in real estate investing, you may be wondering how to find investment properties. If you’ve always been interested in real estate and watched all the real estate shows, you may have thought, “I could do this!” Only to start looking for investment properties on popular real estate websites and not find what you’re looking for.  Well, don’t be discouraged!  Finding properties to invest in doesn’t have to be hard. That’s why we’re going to help guide you in discovering how to find investment properties.   The Search   If you’re new to real estate investing, you might be wondering where...

04 Nov

Posted at 14:34h in Real Estate Investment Business

Now that you’ve found a real estate property you want to invest in, it’s time to contact the seller. This may feel like the most challenging part for some people, especially those new to real estate investing. But it doesn’t have to be! With the right mindset and negotiation tactics, you can explain to the seller why you are the right buyer, even when you’re structuring a deal that might have little to no money down. Today, we’re going to show you exactly how to negotiate a real estate deal that both you and the seller can agree on.   Where to Begin    How...

04 Nov

Posted at 14:24h in Real Estate Investment Business

Real estate investing often sounds like one of the best ways to reach your financial goals. But learning how to be successful in real estate investing can seem daunting.  There are a million real estate agents you meet all the time, and they all think they know the secrets to becoming a successful real estate investor. Then there are all the articles and gurus online, and it’s hard to know who to listen to.  That’s why we’re going to be upfront with you in all our materials. We want you to know that you can start building a successful real estate investing...

04 Nov

Posted at 14:13h in Real Estate Investment Business

If you’re new to real estate investing, it’s easy to look at people who have been investing for years and think, “Will this ever happen for me?” So how long does it take to build a real estate business? Every situation is different, but we’re going to tell you what we know from experience.  Seeing what others are doing can be a great motivator. When you see peers achieving great success, it can serve as a reminder that you can do it too. But, at the same time, seeing others have real estate deals where they make upwards of six figures...

04 Nov

Posted at 14:00h in Real Estate Investment Business

We’re going to share with you how to invest in real estate with little money. This strategy that we’re talking about today is one of our favorites, and you’ll see why. Keep reading to see how you can start investing without having a ton of liquid assets.   If you’ve ever thought about investing in real estate, whether that’s to buy your own home or to buy rental properties or flips, you may have thought it wasn’t for you simply because houses cost money. And not only do they cost money, but you usually have to put 20% down on your purchase.  But...

27 Oct

Posted at 17:17h in Real Estate Investment Strategies

You’ve likely heard the adage, “don’t invest what you can’t afford to lose.” Well, if you’re pursuing real estate deals the right way, you often aren’t investing much. Regardless, when one of your investments heads south, it’s a good idea to have a backup plan. One of our goals as a business is to prepare our students for all scenarios. So if you find yourself in a situation where you’re at-risk, we want to support you. That’s why we’re answering one of the most burning questions for our students, “In owner financing what if a buyer defaults?" How to handle owner financing if the...

27 Oct

Posted at 17:10h in Real Estate Investment Strategies

If you’ve been interested in real estate investing for a while, or even if you’re new to real estate investing, you may have heard the term “sandwich lease.” But what is a sandwich lease option? In short, a sandwich lease is when the investor (you) has the right to sell the purchased property before the term of sale is complete.  Typically, the investor will purchase the property with monthly payments and a term when the seller will receive the final payment for the total sale price. Once the contract between the investor and seller is complete, the investor turns around and sells...