Real Deal REInvestor Network

As you are getting started in commercial real estate investing, or residential flipping, ask yourself, “Do I run a house-flipping business?  Or, is it a real estate business that flips houses?”  Are you working for tips? Let these commercial real estate investing tips help focus your approach to investing.

There are a few  key tips for you to consider as you are getting started in commercial real estate investing, or residential flipping.  Ask yourself as you begin, “Do I run a house-flipping business?”  Or, “Am I running a real estate business that flips houses?”  Do you see the difference? I can teach you how to do one deal, but what is that going to do for you? You just make one deal, right?  Let the following real estate investing tips help focus your approach to investing.   

 Create a Business with Systems:

 HIS Real Estate Network teaches creating a business that has a “system” that will generate residual income for you. That’s the difference. What I want you to start thinking about, the need for you to see residential and/or commercial real estate investing as a business. That’s what this is. You are not flipping houses; you’re in the residential and/or commercial real estate business.

 If you operate your real estate investing like a business, guess what happens? You don’t do just one deal a year or one deal a quarter; you do a lot of deals consistently. Why? You’re running it like a business. That’s the difference.

 Whether you are involved in residential flipping or commercial investing, it is important to know that you are running a business.  And, if you are focused on residential, you may want to look at the viability of adding or shifting to commercial ventures.

Determine your income needs to meet your obligations, reach financial freedom?

 Now I don’t know what your income stream is right now, if you make $4,000, $5,000, $6,000, $7,000, $8,000, $9,000, $12,000 or $20,000 a month in payments so that you can live. In other words, what amount of income do you need to come in every month so that you can pay your bills, and be free?

 If you just did a couple of deals and every month they were paying your bills, even if it was just $6,000 a month, would that be financial freedom? Financial freedom might mean you could just roll out of bed and be like well, “Today I don’t feel like working. It’s okay because my mortgage is paid, my kids have food, we’re going shopping and we’re going to Disney.” That makes a big difference.

 A residential business with solid systems can do a portion of that to a degree, which is one way to maximize the returns quickly because that’s what the vehicle is there for.  But, what we really want to do is take that money that we’re repeatedly making on the residential flips, and take a portion of that, right now, and put it to work for us long term.

Ask yourself if you are “working for tips?”

 Does anybody know why commercial is so sexy to us?  Money for trailing dollars… Passive income. Residual income. Commercial market crash. That’s definitely a door for it right?

 We used to just be residential and we had it down pat to a science. We could do a webinar and flip 20 properties in that webinar. It was good. We had the system down and I was bragging about it to some older guys who couldn’t stop laughing at me. 

I’m offended. I’m literally offended because I’m doing deals so I’m a player, and these guys are laughing at me. I asked, “Why are you laughing?” And, one said “Because you’re working for tips.” Think about that concept for just a moment. I’m working for tips. I’m making money, right? Yes, but the moment you stop working that business, guess what happens? You stop making money.

Then he said something that really hit me. “When was the last time you flipped a house and the house deal paid you every month after that?” I had no comeback for that. I just had to bow out, put my tail between my legs and say “okay”.

 Well, what happened was I saw the light.  I bought one commercial deal, I made money when I bought the deal, and I’ve been making money for the last 11 years as a result of that one deal.  You can’t compete with that. Do you follow? So the rate return may not be your 30 or 40% on a flip, but at the end of the day it’s an infinite return that’s paying every single month.  Do you follow that?  Every single month!

Now we are getting that residential income flow every single month. It only takes two or three deals before all the sudden you’re like hey, I can be picky now. I can relax because every month there’s a check coming in the mail. How many of you would like to do that? Absolutely! Me too!

So as you are getting started in commercial real estate investing, or residential flipping, be sure to run your investing as a business with systems, know how much income you need to generate from your system to reach financial freedom, and stop working for “tips” as you transition to commercial real estate investing, if you’re not already there.

Rick Melero

  P.S. If you’re serious about making money NOW in commercial real estate, while building long-term wealth, all by learning how to re-position yourself to achieve INFINITE returns then you must attend our next live educational online webinar with America’s #1 Real Estate Network™. Register here, right now as a guest of Rick Melero and unlock the secrets to 6-figure paydays and awesome monthly cash flow per deal:

http://www.hisrealestatenetwork.com/383

 

 

As we approach Friday of this week when the program directors will share their decisions for the 36 "menterns" chosen to work with HIS Real Estate Network in 2011 mmmchallenge.com class for 6 months, as mentorees and apprentices in this unique internship program....I wanted to take a chance to speak to those who will NOT BE CHOSEN.

Of course...if you're NOT chosen for the 36 it does not mean you don't have anything of value to offer, ok? Don't take it personally. Even if you didn't make the final 70 before this year's class was selected it does not mean you're out of options or that you aren't an excellent human being!

We'll have to get a good mix of experiences, background, skillsets etc with a focus like we said mostly on desire and commitment. It's very likely a number of people I consider phenomenal human beings will not be chosen for the 36.

And while that is sad, it is also NOT (and should not be for you) considered the end of the world. Now that many of you have been exposed to the idea of a "menternship" I fully expect some of you NOT chosen to do one of two things: 1. follow our progress and the 36's progress IN the community here on realdealcommunity.com during the 6 month program, and/or 2. find the most successful investor(s) in your area and approach them in the same way you have approached us.

If you do, you'll be surprised at what you can learn and who will work with you in that capacity.

Sure there's people out there who won;t mentor you without 10 grand or more (we all know who they are, right?) but you WILL find others willing to mentor you if you are not chosen for MMM Challenge, if you approach it in the right way, humble, add value to your prospective mentors and above all are persistent.

Besides, it takes HUGE confidence in your systems to train people for free the way we're doing in MMM Challenge- i.e. you have to KNOW that you can direct your students/interns to make money for themselves while simultaneously providing value to you.

Many "seminar types" simply CANNOT do this...andothers WILL NOT because they don't give a hoot about you or me or anybody.

(sorry to burst your bubble but there are some sharks in that fish tank)

But you'll find successful local investors and entrepreneurs who can and will mentor you like we mentor others...but they may not do it 'formally'.

If you present the idea to them in the right way and follow above steps, though, you can find the mentoring you seek/need.

For 36 of you, the journey doesn't end Friday when the selections for this year's MMM Challenge team are released after 4 weeks of interviews and applications and qualification steps.

Instead, it begins.

I challenge those of you NOT chosen for this year's MMM Challenge to see Friday the same way.

A new beginning for you and your family.

A different path, but no less the right one for you.

OK enough of that.

Good luck everyone...

Stay connected!

Danny Welsh
Real Deal Community founder
MMM Challenge mentor
TheDannyWelsh.com

(Posting for George Whittaker...)

George Whittaker IS an MMM student – just waiting to be confirmed!

I’ve come to realize over this past year in full time investing, that aligning myself with personally & professionally like-minded people is an absolute must.  It’s not an option. I’ve bought thousands of dollars worth of digital media real estate courses (probably like many here have done too) and they all lack two things.

One is the personal mentoring that I realize is one of the most important aspects of learning this business –someone with whom I can bounce ideas off of and someone to keep me accountable and focused on the right things no matter the results at the moment.

Two is to work with someone who is personally like minded so that our values, fundamental philosophies and lives can mess in a way that is not possible when two people are not equally yoked.

Being a technical (computers & web programming) person as a hobby and a manager of people as a profession gives me the ability to quickly grasp any new ideas and instantly act with the wisdom that comes from years of professional knowledge combined with years of experience.  I learn new things every day in real estate and I will never stop learning, especially when things change so fast in this market.  I’ve been building a wealth of real estate knowledge that now needs to be combined with a wealth of experience in order to use the resulting wisdom to help others do the same.

In the technical area of my life, I’ve been building squeeze pages like crazy and some new websites, writing articles all in an effort to build a “buyers list” for my real estate deals.  I’ve found that squeez4e pages defiantly work.  I’m getting about a 25% conversion rate on my buyers squeeze page now.  I’ve even thought about doing it for dollars but I must focus on real estate.

Marketing is my weak point and as a current student of internet and traditional marketing I need and want to learn all that is possible in the marketing area.  Marketing is the key to success and I need that key.  Learning while doing for others is a great way gain knowledge combined with experience.

As an intern helping HIS, I can help myself and my family.  I can thank God that He allowed me to find your website and I can finally get the help I need while helping HIS at that same time.  Even though I am a full time “investor”, mainly due to the lack of results in real estate, I have plenty of time on my hands. What better fit is there? 

'So Will you mentor me for free?'

With a growing real estate investor community of 30,000+ with varying levels of success and experience...

As you can imagine, we get a lot of emails and calls from people looking for mentoring.

Very flattering and in some cases I'm sure we could help.

In a minute I'm going to tell you more about a second year opportunity for you called the "Millionaire Mastermind Menternship"...but let me first tell you how this came about.

I have had and have some awesome mentors so God knows I owe the universe big time and must give back but doing it one-on-one is not always the best.

Several of my partners and I each mentor people at different levels of business success.

But there's no way for any of us to work with everyone who asks.

I can't speak for all the leaders around the real estate community but...personally, I look at it this way: While I love to help and share, I much prefer the  "looking for a partner" emails than people who in effect ask "So will you mentor me for free?"

Sometimes they are one and the same...but the person asking "will you partner with me?" has something more than a question if you follow me.

They already took action and are now looking for the next step.

They bring something to the table, you know?

If you bring something to the table...starting with a VERY INTENSE DESIRE at minimum...I want to mentor you, mastermind with you, and even partner with you.

We all know that 1 on 1 mentoring  with tens of thousands of community members is just not feasible.

You understand that, right?

Hopefully when you read my messages to you, though, you realize something else: I burn with a passion to help you achieve greater success even as I burn with my own passion to succeed to greater heights.

I'm a true believer in Zig Ziglar's maxim: "If you help enough people get what they want, you'll get what YOU want".

In 2008, Heather O'Brien, Roger Salam and I helped organize 100+ of our friends among "real estate gurus" for the Greatest Real Estate Giveaway and thousands upon thousands of you took advantage of the training downloads online or purchased a small shipping and handling deal to have the entire collection of audios, ebooks and video trainings sent to your home as a computer disk.

** That was F-REE **

In 2009, my partner of many years Rick Melero and I had over a dozen webinars for our group, with nationally known real estate trainers teaching their area of expertise- and thousands of you from the community attended and learned.

** That was F-REE **

And...Together with two of our Board of Advisors members and commercial real estate partners Stew Spence and Gary Tharp with their 70+ combined years of experience trained almost one hundred of you for two full days on how we do big commercial real estate deals at the Real Deal Orlando bootcamp...and the rave reviews from that intense training are still coming from students who've taken what they learned and DONE SOMETHING with it.

** Many won a contest or were chosen to come for F-REE **

A pretty good year's effort...and the testimonials you all have sent us were an a tremendous satisfaction...but last year we couldn't help but think we've not done enough to "help enough people get what they want" as Zig would say.

That's why, in 2010 we took a BREAK from offering any kind of 'real estate training' and turned down numerous opportunities to speak or mentor people who wanted to pay us...instead, we decided to choose a lucky group of just 24 success-striving entrepreneurs and POUR INTO THEM for almost a year.

In fact, in 2010 all we did was focus on helping those 24 chosen 'apprentices'...while working ourselves on growing some of our current businesses, including:

-- A residential real estate 'buy, fix and flip' business in Orlando, Florida set up to do multiple monthly deals, buying all with private money and selling retail through agents

-- A commercial acquisition 'buy and hold' business operating nationwide focusing on buying whole or part interest in Class B office buildings and under-performing mobile home parks

-- A residential real estate 'buy, fix and flip' business in Los Angeles/Anaheim, California that currently does multiple monthly deals, buying all with private money and selling retail through agents

So, to continue the story...Rick Melero and I were talking late 2009 and that Crazy Puerto Rican had an idea that stuck in my head:

"Because the more INTENSE an experience gets...the LESS people participate...we know many people just don't truly WANT the success they may say they want. So let's find the most INTENSE, small, elite group of hungry, aspiring entrepreneurs and give them all they need to succeed at a massive scale even if they've never made a dollar outside a J.O.B. yet...and hold their hand while whacking them over the head if need be 'til they do!"

That idea resulted in the "Millionaire Mastermind Menternship" which debuted in 2010.

And we took 24 apprentices last year. I know that we made a real difference with this small, committed group and REALLY made a huge impact in people's lives.

And so Rick and I put together a training regimen and mastermind program just for these folks...folks who can't afford one of the higher-priced mentoring or mastermind programs but want to make up for it with hustle and guts and hard work.

We knew it had to be something to PUSH people outside their comfort zone and really challenge them take things to the next level.

And because the people we felt would EXCEL at this would NOT already be rich or have much success...we needed to make it so you don't need to spend thousands of dollars to join.                                               

So here's the lowdown, and you might want to make sure you're sitting down for this ...

Because, when you apply now for the "Millionaire Mastermind Menternship"...if you're selected to participate in the "MMM Challenge"...it won't cost you anything but time and commitment.

Last year we worked with 24 and you can read their stories at the link below. But this year it's ONLY for 36 people, maximum.

To learn more and apply for the "MMM Challenge" today, click here.

Committed to your success,

Danny Welsh, Director The Greatest Real Estate Giveaway

& Rick Melero, Managing Member HIS Real Estate Network

P.S. We plan to accept applications for no longer than 14-17 days or so. Fill out your application now and we'll let you know shortly if you're one of the 36 chosen.

P.P.S. Remember, you need NO PREVIOUS EXPERIENCE or SUCCESS or MONEY to be chosen for the "MMM Challenge". We will select participants based on your ability to  demonstrate just how committed and READY you are to "take it to the next level" with our help, masterminding, influence, know-how, tools  and resources backing up your action.

Apply here:

http://www.mmmchallenge.com

Good luck!

This isn't a blog with a special 'how to', or a quick technique to make a million.  I just wanted to write and say how thankful I am for my life, family and everything I have learned by being part of this community.  There are so many social networks out there, and places to 'learn real estate investing'.  And after years of investing, reading courses, networking, etc.  I really believe more than ever in the whole concept of Acres of Diamonds.  (If you haven't read that book, go download it for free in the download section.  Right now!)  The idea of tapping and tapping because you are sure that with the next tap you will find that vein of gold in the rock, or that quartz-encased prize of a diamond, is so true.  It's the vision that keeps you working at the rock, enduring the heat, the sweat and discomfort.  And what's even better, is that the vision is Real.  
 There are many times in my investing career that I have wanted to give up.  Many deals don't work out, and many people and 'mentors' aren't what I thought they would be.  Sometimes just the pressures of life felt like too much (and they will feel like that again, probably tomorrow!).  But the great thing about continuing to tap, tap, tap is that I look back at how far I have come and I recognize how much larger the diamond is that I have been going after- and it is amazing.  And it has now become more fun.  Most days I truly enjoy the adventure of it, learning and growing and doing things that even some of my closest friends would not believe...but the vision is deeply planted in my heart and spurs me on.  (And my friends will get to enjoy the fruits of it, even if they weren't always helping me 'tap'. ) So I am very grateful to this community, to Rick Melero and Danny Welsh specifically, and to the people here who have been so inspirational and have dug beside and with me.  I am thankful to be pursuing visions that not long ago I could not have imagined, and so glad that I did not ever give up.  And congratulations to all of you here for pursuing your dreams also...may you find your vein of gold or buried diamond, and I am here to support you, too.  Have a Happy Thanksgiving!

You won’t believe the number of our clients that have transferred their 401k or IRA into a Self Directed IRA. In fact, since the year 2000, the number of self-directed IRA plans has more than doubled. Why? Because Self Directed IRA’s allow ordinary investors to take control of their investments. People are tired of watching their nest eggs disappear due to mismanagement, corporate fraud, stock crashes etc.

Investors want to own hard assets that generate income every month with long term stability. Imagine purchasing a tangible real estate asset in a tax deferred or tax free environment. With the incredible real estate buyer’s market in both commercial and residential, many investors are doing just that. Have you made the leap yet?

If not, here are some benefits that I hope will challenge you to take control of your retirement funds.

1.A self directed IRA allows you to have complete control over your Individual Retirement Account funds.

2.Limited custodial Fees! When you take control of your retirement accounts you also lower the costs associated with managing those funds. The less you pay out, the bigger the ROI.

3.They offer great investment options. Since most traditional IRAs only permit investment options in approved stocks, bonds, mutual funds, and CDs. This type of IRA allows, in addition to the following investment types, real estate, notes, tax lien certificates and private placements.

 4.You can put your money to work with our complete turnkey commercial and residential investing operation. You can now grow your Self Directed IRA with both equity growth and a safe steady stream of income.

So if you have not done so already, what are you waiting for? Contact our office and we will refer you to some of the top Self Directed IRA companies that we work with. It is time to take control of your retirement funds and safely investment in cash flowing tangible assets. Don't gamble with your future! 

Rick Melero

(407) 490-2447

www.RealDealCommunity.com

This is a great testimonial from another one of our Real Deal Students that is TAKING MASSIVE ACTION!!! He is taking what he learned and using it already to work on several multi million dollar commercial properties.

This video testimonial is of one of our top students Sam Alley. He attended one of our Live Real Deal Commercial Investing Boot Camps in Orlando Florida and is Taking Massive Action.

If your a whole saler of  properties and like to get properties STEEPLY discounted, then do we have some deals for you.

Maybe your not a wholesaler, but you do invest in properties.  These deals are for you too!

Perhaps you invest on behalf of a fund you manage.  These deals can help you get the ROI that your looking for, for your fund.

Right now, for a limited time, we have condos and luxury houses available in Orlando, FL for $59,900 and up.  That's right.  The only we are able to offer you such a great deal is because were getting these deals straight from the bank, which means you profit with a higher profit margin.  These properties are also really close to epcot center and are right next to a very beautiful golf course.

If this sounds like you or your interested in what you've heard about today then give Philip J. Sherman a call or/write now at 660-287-5717 or email @ philipjsherman@gmail.com and find out how he can help you attain your investment goals in the near future.

I am a wholesaler of single-family houses is South Carolina, and have used or held to (or been held to!) various philosophies of selling the properties.  Basically, they break down into two categories:  "Never, never, never disclose your buy price or your profit.  And never, never, never give a sale price."  And conversely, "Set a system for how much profit you will make, and stick to it.  Disclose, disclose, disclose to your end buyers."
  So, you may wonder how this works, why there are such disparate theories and which one works better?  Well, based on my experience,  here ya go.  First, there is merit to the idea of not disclosing your contract price.  Some buyers will tend to want to nickel and dime you and resent your profit- although in my opinion, the work is in finding and negotiating the deal!  I have been asked many times by buyers, or potential buyers, what my buy price is and most of the time I do not disclose it.  I have on several occasions done a simultaneous close, or had 2 separate closings, so I could keep my profits to myself (temporarily!) and held a closing together.  When you don't disclose your contract price, and allow people to make offers on the property rather than setting a sales price, you leave room for more profit along with letting the buyer decide how much the house is worth.  Not a bad philosophy.
  On the other hand, there is the theory that you should disclose everything to your end-buyer:  the sales price and a flat-rate profit that you as the wholesaler make.  This would definitely limit the amount of profit you make on each deal, with no margin to increase profits on a per-deal basis.  The end buyer always knows how much you make, and what he can pick up the deal for.  On the surface this does not seem like a great idea.  But what is it that wholesalers struggle with on a regular basis?  What is it we need the most to make deals work?  The answer is Buyers.  Consistent, regular buyers.  And probably the best way to build up your supply of regular, consistent buyers is to make sure they always know what they are getting!  They will always know that you give them the best deals you can, that you are completely upfront and that you leave the vast majority of profit for them as the rehabber, landlord, etc.  This builds your reputation as the go-to person for fantastic wholesale deals in your area, and you will rarely (once you know your area and ARVs) if ever leave you with any unsold inventory.  
So, in the end it's up to you as the individual wholesaler to decide how you want to run your business.  But to have a business that can start running with less of You in it- it's always best to systematize.  Take your pick, but I'm going with the disclosure method in my business.