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Mike Perls BlogWatch This Week’s Coaching Class on Foreclosure Investing. I interview Mike Perl of http://www.mikeperl.com and he tells you what you need to start investing in real estate today!
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Have you ever wondered who’s getting all of the mind blowingly profitable Real Estate deals in your community? Well I’m “That Guy”..Talking to owners in distress has really become my thing because I follow a system that none of my competition has been able to recognize.
It’s quite simple actually, and I want to show you a few of my tactics so you too can be the one in town that grabs deals that all of the local investors are grabbing for.
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I had made a reference to Will Ferrell’s Internet Skit, “The Landlord” in my last posting and I’ve received numerous messages asking me where they can find it.
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The Good, The Bad, And The Ugly Of Being A Landlord…
I will present here the good sides, as well as the bad sides of being a private landlord. Consider them some useful tips for those who want to engage in a real estate activity and develop a rental business.
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This topic has been one of heated debate for quite some time now. You have the “Die Hard” Wholesalers, your Rehabbers, and Landlords that all feel that their strategy is the best.
Probably the best way to describe where everything fits in, it’s best to think of a triangle. If you look at Real Estate like a triangle you’ll see that on one side we have Rehabs, on another side we have Rental Property and on the last side of the triangle we have wholesaling.
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Ok, so you haven’t made a dime in Real Estate yet right? You want to be a Real Estate Investing Millionaire, but for some reason you can’t seem to find good deals on houses. Well, I can tell you what your problem is.
You are doing all of the things that don’t make you money in real estate! Going around with a Realtor, looking on the web, driving around nice neighborhoods looking for For Sale signs, telling a few people that you Buy Houses….it’s a major waste of time.
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Upon looking at the Real Estate Investing message boards, I’ve come to find a very common question that seems to resurface over and over again. “I have No Money and I have horrible credit. Can I still invest In Real Estate?”
I want to answer this question once and for all, so I thought about it from the perspective of having absolutely nothing. What would I do if I was homeless and had zero resources?
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