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7 Ways to Legally Pay Property Scouts

Dolmar Cross

Hi, Dolmar here. The fact is, Property Scouts (or many people call them “bird dogs”) have been one of my best secret weapons in multiple markets I’m doing deals in for years now—routinely landing me leads on property deals that aren’t on any of my competition’s radar.

They send me leads, I cherry pick the deals, and they get paid nicely for the service. It’s a beautiful arrangement.

Today I want to shine a light on 7 ways you can legally compensate them, so you can stay safely out of any legal ‘hot water’ (it burns!) that many investors find themselves ignorantly swimming in. So let’s run through them. Keep reading, you’re doing awesome…

Guy Makes $101.80 PER MIN. Wholesaling His First House

Boom!

Hello boys and girls, got another thrilling win to share with you. Today’s hang-ten high-five goes out to Alain—yet another dude I have the privilege of walking beside as he builds a business. Alain just crossed that huge “first deal milestone” for a tasty $9,162 payday.

BOOM! (all caps this time)

6 things that make Alain’s first deal so dang re-freaking-markable:

  1. This one he totally crushed 10 hour wholesaler style–without ever meeting his seller or buyer in person.
  2. We’ve been working together only 7 weeks before this first $9,162 payday.
  3. After a solid year of prior struggling with zero to show for it.
  4. All together, he’s got around 60-90 mins total into this deal.
  5. So yep, that’s $108.80 per minute of actual time invested. 😀
  6. It was all way easier than he first thought it could go.

Keep reading, you’re doing awesome…

Finding Killer Real Estate Markets Just Got Awesomer

Hey, got some exciting news to share! Anyone looking to find the awesomest, most profitable areas  for your real estate deals, heads up on this. 🙂

Target Market Finder: Original Recipe…

If there’s one thing that can really make my day, it’s finding some nifty little something (a system, app or software tool) that makes my real estate operations easier and awesomer. Yeah, call me an REI-nerd, the glove definitely fits. 😎

Sometimes you just stumble on things like that, sometimes you get struck with the idea to just make it yourself.

That was me and Patrick when we first imagined Target Market Finder—a snappy, little in-house tool that would help us easily zero right in on perfect target real estate markets for our deals in no-time flat.

Once it became reality (yay!) we didn’t keep it to ourselves, but invited a few others to ‘beta test’ it with us… to play around with it, kick the tires, and help us make it better.  Keep reading, you’re doing awesome…

The Scary (But Needed) Real Estate Roller Coaster Ahead

Hey, something I gotta share real quick—a sudden insight I just had after a call with a guy I’m currently mentoring

Contrary to public opinion sometimes, I have challenges. Just like anyone else. Difficulties, hardships, sucker-punches, or whatever you want to call them. I got ’em.

A hard fact of life:

Just because someone has reached a lifestyle you desire does not mean they don’t have obstacles and problems anymore. Heck, they only get bigger!

But the other (very shiny) side of that coin: 

Solving bigger problems and fighting bigger battles means you’re playing at a bigger level.

So honestly, I don’t want to fight small battles and make small decisions—I want big decisions and problems to fix. Consider…  Keep reading, you’re doing awesome…

That First Deal Fight: Lessons From Dan’s Story

Hey guys, Justin Wilmot here!

I just wrapped up a killer phone call with someone that’s got me freaking stoked, and I really want to share it with you, right now while it’s fresh. It’s from a weekly Mentoring session where my boy Dan Kurdyla (only 25-yrs young) reported how, after nearly throwing in the towel so many times,  he finally landed his first wholesale assignment deal to the tune of a solid $7,500 payday.

Nicely done, Dan! 🙂

Interestingly, Dan’s big win here is really more than just about the money (though it’s sure nice!) but also the priceless lessons crossing that first deal finish line has taught him.

These are some hard-earned lessons you will never unlearn and always benefit from, Dan. Lessons that sure as heck took me a lot longer to learn myself back when I was ‘failing-forward’ with my own budding 10 Hour Wholesaler operation back in the day.

Rather than me say it, let’s hear it right from the horse’s mouth. (ha, no offense brother!) I don’t normally do this, but here’s a tiny clip from our recent 90-min group Mentoring call where Dan spills the beans from his own lips…

Keep reading, you’re doing awesome…

“10 Hour Wholesaler?” Show Me The Money…

(fyi, scroll down for the video, the above is a GIF image 🙂 )

One thing we hear a lot is…

“Show me some proof!”

And I totally get it, I really do.

Everyone seems to be a cool ‘real estate guru’ nowadays, don’t they? With “Flip” shows more popular than ever, and fakes and frauds a dime a dozen, how can you really know the true PROS from the seedy CONS without seeing some legit proof-of-concept from other people first?

After reading the write-up on How I Wholesale Houses Anytime, Anywhere – Working Just 10 Hours a Week, some folks understandably ask how in the world “10 Hour Wholesaling” honestly calls for:  Keep reading, you’re doing awesome…

Announcing: “Abandoned Profits” for Real Estate Investors

FOR IMMEDIATE RELEASE:

Introducing a cache of expert training & ‘smart tools’ to help real estate investors find abandoned profits 

August 2017 (eRelease) – AwesomeREI.com is thrilled to announce Abandoned Profits for real estate investors, marrying (i) a leading-edge training program showing investors exactly how to find and profit from ‘off-market hidden gems’ with (ii) exclusive, in-house ‘smart tools’ to simplify and accelerate market research, deal funding, cash buyers and more.

In 2016, the acclaimed Abandoned House Secrets training program was first released, in partnership with 17-year Florida real estate investors Sean and Tracey Flanagan—a comprehensive, step-by-step ‘blueprint’ of unique tactics and strategies for systematically taking down high-profit abandoned properties. Their full clever-yet-simple system was carefully detailed and shared with real estate investors interested in learning how to duplicate their business and tap into abandoned properties as a consistent source of profits.

To further amplify this remarkable training, it’s now being offered in rare combination with a series of innovative ‘smart tools’ to help people quickly solve many of the most common problems associated with actively buying and selling abandoned properties, including:

  1. How do I find the best target markets to focus on? (locally or nationally)
  2. How do I quickly find cash buyers for abandoned properties I want to quick-flip?
  3. How do I find private lenders (or hard money lenders) for abandoned houses I want to close on?

Keep reading, you’re doing awesome…

6 Ways to Find Awesome Fixer Upper Contractors

Hey Guys, JP here—One commonly recurring question we’ve heard over the years how to find awesome fixer upper contractors for your fix-and-flip deals. Or even to handle the renovations for your rental properties.

Where are those contractors hiding?

While Patrick and I typically prefer wholesale deals (quick nickels) over fixer uppers (slow dimes), truth be told we’ve each had our fair share of rehab experiences. Guess that’s what happens after 24+ years (combined) in the real estate game. And when you’re in this business, it’s just always going to come up from time to time—you’ll need to hire a contractor.

Well, today I want to share with you 6 quick, but solid shortcuts for…  Keep reading, you’re doing awesome…

My New Letter of Intent

Hooray for you – we’re giving away another freebie today! Not only will you get to swipe a goodie from us, but I’ve also got an awesome video for you that comprehensively covers what we’re giving away.

Look, there are lots of letters of intent available out there. You could even create one for yourself and consult with your attorney before using it.

But why reinvent the wheel?

We’ve already done all the heavy lifting for you. (You’re welcome!) I still suggest you cover your butt and run this document by your attorney before using it, but it’s our letter of intent of choice – and it’s worked for us for years.

It’s simple, matter-of-fact and to the point. And, you’ll notice it’s only 1 page. That’s intentional. That way sellers can quickly understand exactly what we’re offering them.

Keep reading, you’re doing awesome…

4 Key Traits SUPER Investors Possess

You probably dreamed of being a superhero when you were a kid, right? I mean who didn’t, right?

So while I’m still around waiting for some X-ray vision and maybe an invisibility cloak (admit it, you’d love these too), the current reality is that I’m still just me, JP Moses, Director of Awesome here at Awesome REI.

But here’s something cool: I may not be a superhero yet, but as an adult (most of the time) and seasoned real estate investor (now 17+ years), I know just what it takes to be a Super Investor, which is maybe, kinda the next best thing?

So let’s talk about that for a sec…

Keep reading, you’re doing awesome…

Here’s My ‘Burned House’ Letter

I have a question for you…

Have you ever driven by a burned-out house and wondered about it? Wondered how you might approach that owner, acquire the property and fix it up?

Well, you’re in the right place at the right time… because today, I’m going to share what I like to call my “burned house” letter. And not only am I going to show you the letter and explain how to use it, you get to download a copy for free.

JP Moses here, and I’ve used this letter for years quite successfully, and now it’s yours to use as well.

Uh, you’re welcome, my friend!

Now this is important…

Keep reading, you’re doing awesome…

2 Solutions for Handling the #1 Objection from Private Money Lenders

Patrick Riddle

Has it been challenging for you to get private money for your real estate deals?

After all, it can be so easy to stumble or just freeze up altogether when you get hit in the face by their #1 question:

“Have you ever done this before? Have you done a deal?”

But wait…don’t panic! Keep reading, because I’m about to share why this simply question can so often tangle you up. And even better, I’m going to help you out by sharing exactly how I handled this question successfully back when I was “wet behind the ears” as an investor.

And let me just say – you’re not alone. Over my years in this, I’ve found that sooooooo many investors commonly have difficulty landing secure, stable private money,  and especially if you’re a greenhorn newer to the game.

Here’s why, plain and simple…   Keep reading, you’re doing awesome…

How I Wholesale Houses Anytime, Anywhere—In Just 10 Hours a Week

Hang onto your hat, because you’re about to get an inside look at how I’m able to own and run a very successful and profitable wholesaling business…with only around 10 or so hours of my time involved each week.

Yes, totally serious and totally honest.

And because of this, I get to actually enjoy my life, spend heaps of time with my family, travel frequently to amazing places and even surf to my heart’s content (I love surfing!).

But hey, if you’re already thinking, ‘Yeah right, sure, sounds too good to be true…’ let me just say that I get that. I hear ya…

I mean, even I struggled with believing anything like this was actually achievable – having an ultra successful investing business without investing an ultra amount of time. I remember so well how my first months in all this were full of doubts, frustrations and limiting (but normal) beliefs too—at first.

But thankfully, not only did I not let myself give up, but all these things actually ended up helping me discover a new and better approach to wholesaling houses—one that most investors I’ve met aren’t really dialed into yet. And, it turns out, it’s a much easier path actually—one that still makes me piles of money but with a fraction of the time and effort others have to put in.

A quick, little backstory…

Justin WilmotIn just a sec, I’m about to lay out for you my exact 3-step process for exactly why and how I’m able to enjoy a solid full-time income wholesaling houses for quick cash, with only a part time effort.

I really think it’ll help you understand even better if I kick this off with a quick snapshot of ‘my origin story’ in real estate, so you can understand how I’m not really all that special (don’t tell my wife though) and how I got to where I am today.

Then, we’ll dig into:

 How wholesaling houses goes for most people
⇢ What I think is wrong with it (at least for people like me)
 How I see people typically screwing it up
⇢ My exact 3-step process

And really a whole lot more. But fair warning:

  1. This is very unconventional and may rock a few boats.
  2. I suspect it’ll take you a few, focused minutes to really digest. But if you hang with me, I promise it’ll not only be worth your time, but you’ll probably start rethinking your own ideas on wholesaling houses should look like in your world.

Keep reading, you’re doing awesome…

How to Scale Your Business and Get a Dozen Leads a Day

Did you know that lead generation is the most important aspect of real estate investing? It’s your lifeblood. Believe it.

Did you also know that in order to have consistent, killer lead gen, you have to systematize your business?

And having a rockin’ systematized real estate investing business is how you’ll be able to scale up and grow your biz, right?

Are you wondering how the heck you do all of that?

Well, fear not, friends – my good buddy and fellow genius investor, Rob Swanson, is here to show you how to take the painful hustle out of investing by systematizing the most critical piece of your business – lead generation.

Keep reading, you’re doing awesome…

An LLC Doesn’t Make You Bulletproof & Tons More Tax and Entity Advice

Taxes. IRS. Audits…

Does the very sight of these words give you the creeps?

Trusts. Entities. S-Corps…

Are you breaking out into a cold sweat right now?

I get it. Details about taxes and entities can be confusing, complex, overwhelming and downright scary. Well, good thing we’re here to swoop in and make some sense of all of this in easy-to-understand, digestible info.

And by ‘we,’ I mean attorney, accountant and strategist John Hyre.

John is the guy with all the answers, friends… and, he should know it all, with 19 years of experience as a tax attorney and accountant, plus 14 years as a real estate investor. BAM! Expert in the house.

Keep reading, you’re doing awesome…

Here’s My Script for Seller Calls

Heeeeeeeey guys, it’s time for another exciting episode of “Swipe and Deploy our stuff!” Lol.

So based on the kudos aplenty, I clearly struck a chord in recently sharing one of my favorite, top performing postcards for motivated sellers. That’s awesome, I love it.

Today I want to go a step further and let you take a gander at our exact script for calling back motivated sellers from our postcard campaigns.

Here’s the deal:

No matter what flavor investor you are or what type of deal happens to be your proverbial cup of tea, that first call with the seller is absolutely mission critical—a crucial hinge point really for your whole deal.

It also happens to be one of the most nerve-racking and precarious nuts to crack for many people. I’ve seen it literally hundreds of times now, these seller calls can be murder for some people—and I get it.

Seriously. Been there, done that… Yes, nearly a third of my life ago now, but I still remember all too well skittishly calling sellers back, feeling uncertain of what to say, which questions to ask or how to ask them, or even how to just not make it weirdKeep reading, you’re doing awesome…

5 Things That Absolutely Murder Your Success

Few people realize this, but your ultimate success or failure in real estate has surprisingly little to do with wielding the hottest tactics, the coolest strategies or the sweetest tools in the biz.

The truth is, it’s got almost everything to do with that 6 inches of real estate between your ears–i.e. your Mindset. Yep, it’s those core values, guiding beliefs and personal habits you are (or aren’t) cultivating in your life–your Inner Game–that at the end of the day, will either make or flat out break you in your real estate endeavors.

Today I want to shine the light on five things that will absolutely kill your success to death if you let them. All five have in common…

1An all-too familiar tune: Chances are this’ll hit home for you somewhere, on account of it’s five of the most notorious and flagrant offenders that have been stupefying the progress and prosperity of smart, big-dreaming, hardworking folks like you and me since always and forever. I’ve seen it happen literally hundreds of times now firsthand. Keep reading, you’re doing awesome…

A’s to Your Biggest Q’s on Wholesaling Houses for Quick Cash

Hey, so if you have a finger (or two) in the proverbial pie of wholesaling houses for quick cash, then you’ll really enjoy and appreciate this.

Here’s the deal in a nutshell:

Just by being ‘out there’ in the arena, we tend to get a wide and steady stream of awesome questions coming our way all the time. And as you might imagine, these questions can run the gamut of just about every facet of real estate investing you can think of.

But it’s probably no big surprise to hear that, hands down, we get more questions about wholesaling houses than anything else – by a wide margin actually.

And sure, we do our best to help out by answering as many questions at we can. But at the end of the day there’s only so many hours and only so much we can do fielding questions one-to-one.

Which is precisely why we were struck recently with the idea of hosting a live, ‘anything-goes’ webcast for some frank back-and-forth on the topic, and invited as many people as possible along for the ride.   Keep reading, you’re doing awesome…

Download My Option Agreement…

Man, you guys sure love to swipe our stuff!

I mean, based on the gratitude galore we got from sharing one of our favorite motivated seller postcards recently, it seems pretty clear that the old “Swipe and Deploy” is something we should keep rolling with.

So let’s do another one…

Today’s handy-dandy resource is one of the core essentials every investor should have in your tool-belt–the Option to Purchase Agreement, or “option contract” as it’s often called.

But I gots to tell ya — just having this form in your bag of tricks isn’t enough… You’ve got to understand it’s purpose and how to effectively wield it. Which is exactly why I made you this little video about it.  Keep reading, you’re doing awesome…

Top Real Estate Investing Mistakes: The ‘Tactical Trap’

 

A surprising, little-known fact: 

 A great deal of people who set out to build a lucrative, thriving real estate investing business… never actually end up accomplishing it.

You:

Confused Real Estate Investor

Me: You heard me.

Not trying to be Debbie Downer here, but in spite of the opportunity aplenty the real estate game has to offer, there’s a rather large number of folks who make an earnest go of it, only to end up failing pretty hard at the end of the day.

So but… Why?!

I mean, if REI offers this rich path for financial freedom and personal awesomeness (and yes, it sure the heck does), then why the flip would so many of us struggle so hard and fizzle so frequently?

Keep reading, you’re doing awesome…

The Essential Life Cycle of a Real Estate Investor

“Long ago, I realized that success leaves clues, and that people who produce outstanding results do specific things to create those results. I believed that if I precisely duplicated the actions of others, I could reproduce the same quality of results that they had.” –Tony Robbins

Re-read that if you need to. It’s pretty profound really.

And after 16+ years in the real estate game and personally knowing hundreds of investors now, I can attest that it’s just as true for real estate investors as anyone else….

Success leaves clues.

What’s more–and most people don’t realize this–but there’s actually a surprisingly specific path that pretty much everyone who makes it big in this game ends up walking–kind of an ‘essential life cycle’ for successful real estate investors.  Keep reading, you’re doing awesome…

The ONE Thing Your Success (Or Failure) Hinges On In Real Estate…

S

o let me ask you: Why are you even doing this?

I mean, why are you even in real estate investing in the first place? What first sparked your interest and made you decide to choose this path versus some other one? What is it that motivates you to keep going?

Or even better question: When things get super discouraging, or frustrating, or weird, or bone-crunchingly hard, what is it that gets you back on track and keeps you focused and pressing on? What keeps you getting out of bed early with excitement and passionately awake inspired at night?

Maybe you’ve already faced something that’s sent you reeling or sucker punched you and sent you flying off the tracks entirely, like…

  Overwhelm or info overload
  Bright shiny objects yanking you all over the place
  Fear of making big, expensive, painful mistakes
  ‘Negative Nancies’ or other challenging people in your life
  Confusion about the right direction or next steps to take
  Money wasted with no results, or even deals gone bad
  Disillusionment, distraction, despair or other head junk

The fact of the matter is, this stuff is pretty typical in the life span of most investors… but it’s also a merciless dream killer… or an outright death dealer for far too many of us.

But here’s the really great news: When crap happens like this, there’s one potent thing that’ll let you tap reserves of energy, focus, determination and courage you didn’t even know you had, when you need them the most.

Keep reading, you’re doing awesome…

One of Our Favorite Real Estate Investor Postcards

JP Moses

Hey guys, I’ve got something pretty sweet I want to share with you today: It’s one of our favorite real estate investor postcards, and you can officially swipe-and-deploy in your own real estate investing operations any time you want.

So here’s the deal…

As any capable, card-carrying real estate investor who’s actively doing deals will tell you, the only fuel that keeps your real estate money machine cranking is quality leads coming in like clockwork.

For wholesalers like me, that means a steady stream of motivated sellers with properties they sorely need to sell, plus ravenous cash buyers, hungry to devour the deals we serve up on a silver platter. For fix-and-flippers, it’s distressed property leads and retail buyers. And landlords of course need solid investment properties and quality tenants.

The list goes on… but regardless of your real estate flavor of choice, it’s pretty clear-cut: leads are the lifeblood of your business, and one way or another it all seems to start with the distressed seller. Keep reading, you’re doing awesome…

Announcing: “Abandoned House Secrets” for Real Estate Investors

FOR IMMEDIATE RELEASE:

Introducing awesome new training for real estate investors on how to routinely turn abandoned houses into money in the bank in any market.

(eRelease) – AwesomeREI.com is thrilled to introduce a groundbreaking, new training program that teaches real estate investors how to systematically find and profit big from abandoned houses, regardless of location, experience or market conditions.

Abandoned House Secrets was developed in partnership with 16-year Florida real estate investors Sean and Tracey Flanagan, and serves as a comprehensive, step-by-step ‘blueprint’ of all the unique tactics and strategies they’ve been using to systematically take down high-profit abandoned house deals for more than a decade now. Their entire creative-yet-simple system has been carefully documented, recorded and served up on a silver platter for any real estate investors who want to follow in their footsteps and crush it with abandoned houses.

Abandoned House Secrets includes: Keep reading, you’re doing awesome…