I have to share an experience I had this week, lesson learned. When someone tells you they want to be a private lender for you make sure they actually have money to lend. Ask them up front. I ran into someone recently that I did business with a long time ago, and we got talking about real estate investing and private lending.
He said he would like to be part of one of our deals. So I had a deal come up, called him, he said he would love to do it, I gave him the amount and the closing date, we agreed on the terms, I had him review the note and mortgage and everything was fine, then he backed out three days before the closing, right about the time he was supposed to send the wire. He started back peddling with all kinds of excuses.
Fortunately I have lots of private lenders so I just called someone else to do the deal. Just be wary of who you are dealing with and check the facts. For all the information you need on growing your real estate investing business check out my website at www.marketingmagiclady.com While you are there be sure and sign up for my free monthly newsletter.
I have Four closings coming up in the next week, I am super busy with even more leads coming in. These closings include the sale of two properties and the purchase of two properties. These leads are mostly coming from very targeted direct mail marketing. We also implement 3 to 4 other marketing techniques at all times to draw in the highest number of leads in our market areas.
For all the information you need on finding all the leads you need for your real estate investing business check out my website at www.marketingmagiclady.com
We sold another piece of vacant land today. We have the best sales team ever!! These are properties that are located about 4 hours from where we live. Most of the folks who are buying our vacant pieces of land are using them for vacation getaways, either to camp on or bring the motor home. They are being advertised all over the country. This is a part of the market that almost no real estate investors are working.
The direct mail campaign that we use to buy these is absolutely amazing!! It is a very targeted specific mailing to sellers who want to work with us. One of our last mailings of 149 pieces netted 17 responses and we bought 8 pieces of vacant land. Some we lease out and others we sell.
I love leasing vacant land, no insurance, no hassle, And I don’t have to worry about hurricanes or any of that stuff. Some of the types of leasing we have done are to billboard companies and companies that collect pine straw. We also to lease to a gentleman using the land for a worm farm. Another gentleman put a steel building on the land to use as a canoe outpost. The whole concept of dealing in vacant land is a seminar all by itself. For all the information you need on buying property check out my website at
www.marketingmagiclady.com While you are there be sure and sign up for my Free monthly newsletter!
I sold another house today, got another one ready for rent and got through inspections on another one we close on the purchase of in 10 days. I have the best crew ever!! We could not do our business the way we do without them. The market is amazing right now, there are so many deals available when you are looking for motivated sellers the right way. Without the deals you have no real estate investing business.
Our intention was to slow down a bit or just do higher dollar houses so we could do fewer of them, but it isn’t working out that way. When there is a really good profit on a deal on the table how can I walk away from it? For all the information you need on filling your pipeline with all the deals you need check out my website at www.marketingmagiclady.com
I had another awesome evening of coaching last night. I have some truly motivated students who are being held accountable and getting things done to secure their future!
These are the folks who take their real estate investing business seriously and are succeeding in solving sellers problems and making big profits doing it. We are getting deals done! For all the information you need on taking your business to the next level check out my website at www.marketingmagiclady.com