The Real Estate Genius

Ways On How To Flip A House

realestategenius — Tue, 13 Jan 2009 21:49:56 +0000

Flipping houses is currently becoming a popular and trendy way to make profit in the real estate market. If you are to be able to make big bucks in the real estate market, it is vital that you should need to learn how to flip a house. Flipping a house can be very profitable once you learn the basic steps. To start with, here are the three basic ways on how to flip a house.
Retailing. This is the most common method. Here is where you buy a house that is under priced or a fixer upper, make some repairs or give it a good if not a total “make-over” and quickly market it for more than you bought it. Foreclosures, auctioned houses or houses that have been on the market a long time are good candidates in this category.
Wholesaling. Here, you act as a the middle man (or woman). You find a good house for sale but you right then and there flip it to an investor for a small profit. You must need to know the investors there in your area and the types of homes that they are interested in.
Assigning the Purchase. This is the third way on how to flip a house. You must go through the entire process of purchasing a house. You have to look for a good property and negotiate the deal. But instead that you come to the table to complete the deal, you assign the contract over to an investor. You get a small fee for doing the preliminary task and the investor gets the property.
All these three basic method on how to flip a house have their own set advantages and disadvantages. If you want to get involved in flipping houses but do not want to have to do the work on the house to resell it, then wholesaling or assigning is the way to go for you. These may seem a little difficult but like everything else, difficulty is only at the beginning. Over time, it will get easier as you know more people in the business.

Get to know more about flipping houses and real estate investing. Get more information about buying homes, flipping houses, different mortgages and other real estate information at FortuneBuilders Inc.. Here you can acquire crucial advice on how to be a successful flipper from the expert, a former NFL athlete, Than Merrill. He has made some uncontested models and approaches that will guarantee profit from flipping houses.

Flipping Houses the Than Merrill Way

realestategenius — Tue, 30 Dec 2008 16:17:18 +0000

If you are looking for a business where you can learn it from someone who is given the name as the “King of Marketing” and acquire indispensable and innovative knowledge in the area and so make big profit, then, let Than Merrill, a marketing expert, and the “king” himself, show you how it is being done right. A founder and the Chief Executive Officer himself of one of the most successful business across the United States in the modern times, CT Homes, LLC and FortuneBuilders, Inc., Than Merrill is an expert in creating success out of flipping houses.

The term “flipping” refers to buying and selling real estate for a profit over a short period of time. Businessmen who are in this are called “flippers.” The task is that they are only to look in making money from buying low and reselling in a short time period. While other flippers aim to repair and improve or otherwise add value to the property before selling it. There is an important distinction between the two mentioned.

Yet on a single home basis, flipping can have positive results (the house itself will be in better condition and will last longer, and can be sold at a higher price, and so increasing its property tax assessed value, plus increased sales for goods and services related to property improvement and the related increase on sales taxes). Existing neighbors can also benefit by having nicer homes around the neighborhood, this will in turn increase their own home value.

Convinced? Not yet. All these are the best things that you can get from flipping houses. And there’s still yet more. Let our marketing expert, Than Merrill show you how you can soar high into financial freedom by engaging into flipping houses. So if you thought that flipping houses is not a good way to earn big bucks, this would make you think again. It’s more than a great bargain.

Than Merrill was formerly a successful football player in the National Football Association (NFL) for the Chicago Bears and Tampa Bay Buccaneers. He has proven himself as a great athlete for two years before discovering the big business form flipping houses. He has made business models and principles that is simply effective and yet attainable! At the current time, Than Merrill is one of the great speakers of the nation. Let him show you how flipping houses is done the right way the Than Merrill way!

Than Merrill’s Real Estate Marketing Tips – Be Consistently Bold

realestategenius — Tue, 23 Dec 2008 15:29:47 +0000

It is vital for every marketer to be “consistently bold”, according to Than Merrill, Founder and President of the New Haven, Connecticut based CT Homes LLC and FortuneBuilders, Inc. and is currently one of the most dynamic and effective speakers in the field of real estate marketing.

True enough, being consistent and insistent is a killer combo. Both virtues apply to almost every business transaction, probably even to your relationships with the people close to you. Armed with these, you sure are to get what you want. And possibly get the results you aimed for.

Than Merrill incorporates the idea that making a bold statement and getting noticed are one of the factors to create an identity among investors in the marketplace. One should come up with something fierce, something worth remembering and something that may sound crazy but is something that might work. Creative minds are phenomenal.

Let’s go back to being consistently bold. Sadly, it has always been a trend that people are just consistent, insistent and bold during the first parts of the process. Sticking up to your guns is not an easy feat. You encounter a lot of distractions and more often, you become high strung and lose your focus.

It happens everyday. People stray away from their goals and end up getting something they don’t want. In the world of real estate marketing, Than Merrill emphasizes that the importance and effective business deal requires a compelling message and continual follow-up. If you don’t hit the target the first time, it won’t hurt to try one more. And another one. “On average, a person will not decide they want to do business with you until the fifth or sixth time you have contacted them.” Oftentimes, we back-off the first time we encounter failure. It’s okay to fail, mope a little, then try again and again. Life becomes a lot easier after that.

Lastly, patience is still the ultimate virtue. Nothing happens without patience. Breathe and let it roll.

Than Merrill’s Success Tips for Negotiating

realestategenius — Wed, 17 Dec 2008 00:14:57 +0000

As a kid, I’ve always been a scared being. Especially with confrontations. I hate being interrogated. I fear the future. I am the type of person who can give you all the “what if” questions of the world. Pessimism has always been a disease I’ve been struggling to get rid of. I hate being told about my undesirable traits and all the bad stuff that come with it. Growing up, I learned to let the waves carry me wherever but sometimes, the past catches up on you and you do the regression mechanism.

I listened to Than Merrill’s Tips on Negotiating a few weeks back. I knew it’s probably going to be more on the real estate stuff and I remember I was in a mood to call it a day a little early. Speakers usually get my attention on the first three sentences of their speech and as Than Merrill started off with a key list of successful negotiating, I realized it’s also, more than anything, applicable to my personal overrated life. For starters, everybody needs to negotiate to survive life. When I come to think of it, it’s sounded like a breeze. No technical terms. Just the basics.

Tip # 1: Overcoming fear. Now this, is quite a feat (read my first line). Than Merrill said that negotiating is an integral part of living. Fear caused me to miss a lot of things: bungee jumping with a group of friends, dating the smartest guy in class, a chance for a scholarship, and God-knows-what else. Bottom line: fear is no fun.

Tip # 2: Ask questions. I’m okay with this one. I ask a lot of questions. Some people, however, think it’s dumb to ask too many questions. Again, Than Merrill struck me by saying “When negotiating I think of myself as a detective searching for the answers…” I never took it that way. Did I mention I have rough childhood?

Tip # 3: Never make unilateral concessions (Learn to compromise). I’m not a very wordy kind of person but I used to think “mutual agreement” is a bad thing. It’s either you give or you take. But then, we know relationships last when both parties learn to do 50-50 and still end up satisfied with the deal.

Tip # 4: Creating rapport. I am always really impressed with people who have a way with words. Building rapport is almost something that you’re born with. Than Merrill gave out one technique for geeks like me though: Find a common ground, no matter how insignificant. I used this on a cab driver the other day, (I mean cab drivers have been a little highstrung these days). One mention about the economy and he dominated the conversation all throughout my ride home. And gave me a good discount. No wonder everybody wants to talk about the weather. It kills the silence.

Tip # 5: Building credibility. It sure does sound hard to be credible but all you really need is to be truthful from the very start. Every single person in the world has tried to lie to get what they want. Honesty is easy. Than Merrill shared “I have found that honesty and full disclosure really helps people feel more comfortable. A comfortable seller is a happy seller.” Just do that and everything else will follow.

Tip # 6: Putting a value for what you’re doing for free. “What’s in it for me?” has been my eternal question to everything that I do. As the cliche goes, the best things in life are free. But doing it for free already created a value in it that’s more on my advantage than the tangible things I’ve expected in the beginning. I am counting my blessings from now on.

Tip # 7: Determine your position. Focus on your goal. Be prepared. “Never walk into a negotiation without knowing what you want to accomplish”. Enough said.

Tip # 8: Focus on the possible. Sometimes, when I get too ecstatic over a plan, I tend to stray away from reality and plan up to my heart’s content. Usually, these stuff are too extravagant or just plain crazy. I mean, it’s okay to be extravagant and crazy. But Than Merrill mentioned “being creative but also being open to consider alternatives.” After all, like in action movies, Plan B always works.

Tip # 9: Take regular breaks. I have taken this advise to a whole new level to be honest. Procrastination has been a hobby. That’s good either. It’s something between procrastination and being-buried-like-a-workaholic. “Negotiations should be fun, productive, and hopefully stress free,” as Than Merrill would put it.

Tip # 10: Don’t sweat the small stuff. Failure usually entails a lot of tear-fest and eating marathons for me. If something doesn’t work, whine a little, then move on. Than Merrill says “It’s okay. If you negotiate long enough you will find you have good negotiations, and bad negotiations. Your job is to learn from the bad negotiations and attempt to prefect the good ones.”

I love lists.

This one is something I’d definitely post on my desk.