We have heard time and time again that you should start by gaining a buyers list as you get into real estate. We have heard the benefits of the focus it gives, the mental strength knowing that you have a buyer when you give an offer.
One the strongest most compelling reasons to get a buyers list before you get into properties, make offers, find Realtors or other parts of the business is that you can make an additional 10% per every single deal you do.
If you are planning to purchase a home yourself then possibly fix, market and sell the home and you follow the offer formula that nstreet put on this site you will be making a 10% profit as a minimum. You will also subtract 6% for a Realtor fee and 3-7% for holding costs. If you have a buyer first and can quickly flip the property you will not need to pay the 6% Realtor fee and all of the 3-7% holding costs.
On a $200,000 house your profit would go from $20,000 to $40,000. This is how you make quick wealth. If you did 10 properties you difference in profit would be a whopping $200,000. What could you do with an additional $200,000 towards the growth of your business?
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125