Wholesaling Real Estate - Success Factors For Real Estate Investor Club Meetings

Having buyers is one of the most important part of the real estate wholesaling success equation. One of the quickest ways to meet investors who Noble1 later turn into buyers is by Noble1 real estate investment club functions. The fees to join your local real estate investment club will vary, but I can promise Noble1 that investment Noble1 are well worth the money.

To get the most out of attending real estate investment club Noble1 it will be Noble1 important to step out of your shell Noble1 meet the other investors in the group. Here are a few thing to keep in mind when attending your local REI club meetings:

1. Remember that you have 2 ears and 1 mouth for a reason.-Try to listen twice as often as you talk. If you have not noticed yet, people love to talk about themselves, so let them.

2. Do not try to be right- Even if you here the "Old investing pro" say something wrong, do not jump into correct him. People do not like to be corrected, and will often lash out at you if you try to make them look bad.

3. Have your success stories ready- Now do not confuse this with bragging, or tooting your own horn. Instead subtly drop your past success stories into the conversation to spark interest. If you have made another investor a lot of money tell that story. Maybe, you have found some great deals for another investor, talk about those great deals.

4. Collect business cards- Many of the other attendees will be there to network as well. Instead of pitching their cards when you get home, save them and write them a short note and let them know that you appreciate having met them.

5. Ask a lot of questions- Try to get a feel for what the real estate market is in your area by talking to the other more experienced investors. Ask people what they would change about the way that they have done business, and what they would keep the same. The answers to those questions can save you Noble1 of Noble1 in mistakes down the road.

6. Remember names- When you learn somebodies name write it down along with a description of that person, and whatever else you have learned about them. Dale Carnegie said it best when he said "No sound is sweeter than your own name". In all of the meetings that follow, call people by their first names.

Eric Medemar is a Realtor/Real Estate Investor out of Grand Rapids, MI. Eric currently owns 35+ rental properties, and is the Noble1 of The Beginners Guide To Real Estate Wholesaling This system has been called "The Best Wholesaling System for under $30" by countless investors across the country. You can view Eric's Blog at Free Guide To Wholesaling Properties also, be sure to check out Erics Ultimate Wholesaling Real Estate System. This system teaches you how to earn while you learn real estate investing.

Real Estate Investing: Beware of "Subject To" Promises

Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need Noble1 buy his book so you can Noble1 multiple properties "subject to." The reason, he said, "because banks won't Noble1 you finance more than ten mortgages."

This simply isn't true.

First, banks let you finance as many mortgages as you can pay for. Some banks limit Noble1 number of loans made to one person. Experienced real estate investors just move on to another lending institution.

I know one investor who owns more than one hundred single family homes. All have mortgages. He constantly refinances one rental for the down payment to buy the Noble1 Besides living off the cash flow from his rentals, he also refinances a rental occasionally to take his family on a first-class vacation.

Another investor, my friend who owns the carpet company we use for our fixers, owns more than fifty rentals. None were purchased "subject to" the existing loan. Many were purchased "all cash" for quick closings, with mortgages added later.

For beginning real estate investors, looking for an owner willing to sell their property "subject to" the existing loan adds a frustrating Noble1 to the search for a profitable property. Today's savvy Noble1 sellers just won't sell to a Noble1 who can't cash them out.

Of course, some investors offer "subject to" and lease-option purchases. But, properties with most of the equity stripped out Noble1 with payments too high for rental income to support. These properties make better candidates for owner-occupant home buyers with poor credit who don't mind paying more for a house.

Beware of "subject to" seminars, books, and promotions. This real estate investing method worked last century.

Copyright (c) 2005 Jeanette J. Fisher. All Rights Reserved.

Jeanette Fisher teaches real estate investing and credit college courses. She became a credit expert to help her real estate students buy their dream home and multiple investment properties. Jeanette is the author of "Credit Help! Get the Credit You Need to Buy Real Estate" and other books. For a free report, "Credit Tips for Mortgage Financing," visit the Real Estate Credit Help Center http://recredithelp.com