Houston Real Estate Resources

If you've been in business for any length of time, you'll find that there are more things to do then can be done in any given day, so you absolutely must prioritize to become a successful real estate investor.

The 80/20 rule, also called Pareto's Principle, tells us that a large percentage of our success is dependent on the significant few things. The general idea of the rule is that 80% of your results will come

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Here are 4 amazingly simple ways to get others to find great real estate deals for you.

First, and this is an obvious one, hire a real estate agent or broker to scour their multiple listing service (MLS) and only bring you the deals that meet your very specific criteria. The overwhelming majority of real estate agents and brokers are paid only when you buy or sell a property using their service. They can look through the inventory they have access to and share with you the ones that meet you very specific needs. Then, when you find one that works for you, you buy it with that real estate agent or broker. You get a great deal and they earn a commission.

Second, find

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Many real estate investors lose out on an untold number of real estate deals by pre-screening too much on the telephone. Far more real estate investors pre-screen too much even before the first phone call, but that's a topic for another day. Let's discuss why you should NOT pre-screen for motivation on the phone if you want to buy more deals, with better terms and at better prices.

Are you the type of guy or gal that asks/asked if they're going to get an

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If you are using a blank sheet of paper or, even worse, scraps of paper to jot down information about potential properties when you are talking to potential motivated sellers on the phone for your initial call, shame on you!

You should be taking down all the information about the property and sellers in an organized fashion. If you do not have a Property Information Sheet to use to gather this information for your own real estate investing business, then get one or, as a last resort, make your own and use it for every call.

Most of the information you'll gather is

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So you've put out some marketing and had some potentially motivated sellers call you. Whether you are taking the call live or returning the call from a voice mail message, here is a big picture overview of the process for talking to motivated sellers for the first time.

First off, do not... I repeat... DO NOT... research the deal before you talk to the seller. Get back on the phone with the seller as quickly as possible and without doing ANY work on the file before you call. There will be plenty of other areas to procrastinate where it is to your advantage to do so... this should NOT be one of them.

If you can, take the call live from motivated sellers. If not, return phone calls as soon as you can.

For this initial call, you will want to

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Happy Thanksgiving!

Some of you may be traveling and want to listen to some great real estate investing courses on your trip, so there are TWO very different real estate courses available to you FREE this week and both of them are on money for investing in real estate.

The first course is for playing a complete game on LearnToBeRich.com this week. Just start a game between 11/24/2008 and finish it before Sunday, 11/30/2008 and on the final game summary page, there is a link to download the entire course called Real Estate Mentor Calls Volume #7: Money for Real Estate Investing.

Also, as a second course you can login to the Wholesaler Control Panel (you'll need to register for a free account first if you don't have one) and you can download Let's Talk About The Money which is another real estate course dealing with money for real estate investing. This one unlocks as you work on your own real estate investing business and earn points in the training materials we provide for free there as well.

Of course, you can purchase either one of these titles directly from LearnToBeRich.com, Inc on audio CD using the links below if you prefer not to play the game or earn points.

Real Estate Mentor Calls Volume #7: Money for Real Estate Investing

Let's Talk About The Money

Enjoy the free real estate courses this week and have a safe and happy Thanksgiving!

Sincerely,

James

We have analyzed this deal to see how this particular single family home in Missouri City would be as a rental property.

Where is this property?

It is located in Missouri City, TX. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #3765 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Houston Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Missouri City area.

Learn to find motivated sellers using marketing in Buying House with Bandit Signs. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #3765 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

Beautiful 2-story, corner house on cul-de-sac street with many trees, 3-car garage, gameroom up, master bedroom down, three secondary bedrooms up. This is a VA owned home in foreclosure priced to sell right away.

Property Details

• Bedrooms: 4
• Baths: 3.50
• Square Footage: 3,295 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $1,500/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $60/month (see Vacancy Estimates for more info)
• Net Rent: $1,440/month

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We have analyzed this deal to see how this particular single family home in Houston would be as a rental property. These deals can be submitted by a variety of people like real estate wholesalers, investor focused real estate agents and brokers and our researchers. To submit deals, you can login (or register a new account) using our submit a real estate deal interface.

Where is this property?

It is located in Houston, TX. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #3763 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Houston Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Houston area.

Learn to find motivated sellers using marketing in The 10 Cures for Finding Deals in Hot Markets. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #3763 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

This is a 2-story, 3 bedroom, 2.5 bath home that is in foreclosure. Great opportunity to have instant equity in this home. The tax rate is only 1.14!

Property Details

• Bedrooms: 3
• Baths: 2.50
• Square Footage: 1,453 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $1,300/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $52/month (see Vacancy Estimates for more info)
• Net Rent: $1,248/month

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