Make Millions in Real Estate Using One Unique Skill (With or Without Money)
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- Опубликовано: 30 июн 2024
- Can you still make millions in real estate? Absolutely. Beginners with no money, Realtors, or property developers can use this technique to realize significant real estate profits. We've used this strategy since 2003 & it still works!
You know those ads online showing "One weird trick" to lose bellyfat or whatever? This is one weird trick to make millions in real Estate. Its a real thing Not many people do it, I have no idea why. it will work for Realtors to get higher selling prices, for people starting out with zero money, hang in there we'll show you how you can generate up to $50k per deal, starting with no money, it will work for property developers who want to sell more inventory at higher prices. I'll show you some deals we have done and how we did them, and how to get started.
So how does this work for real estate? Lets say we bought an old house in a small town in the country or found a house for no money down and we want to flip it. Its a decent house, acre of land, fruit trees, garden, quiet neighborhood. You pretty it up, paint, lighting whatever and its time to sell. If you sell the traditional way - First you go to a realtor, the realtor markets it locally, and you get an offer **based on the local market conditions. So we paid $100k for the house, sold at $150k due to improvements, paid the realtor 5% on $150,000 which is $7500. , subtract expenses $20,000 leaving about $22,500 profit. Yes I'm leaving out land transfer fees, insurance costs, that's not the point to the video. And yes houses in heated markets are a million or more, also not the point, heated markets aren't great for this strategy.
So let's look at how to make $80,000 profit on that same deal instead of only $22,500. So to get top dollar, we don't want to just sell this house, we also want to "market" the house, find our ideal buyer. And if you understand the distinction between sales and marketing you are ahead of the game. So first, question, do you think, somewhere in the world someone would pay you $200,000 for that house. Local people likely wont, they are familiar with the market conditions. Your Realtor also wont really want to show the house if you list so high because they have 10 other local choices that are cheaper.
So who would pay me $200,000 for that house. Maybe an older couple living in the big city, just retired, looking to move out to the country. We sold multiple houses this way. Peoples city house is worth 1.5m they arent going to haggle over a few thousand dollars over market, especially if they love the house. It might be someone working in tech, paying $3000 a month rent in the city, sees they can get a house for under $1000 a month with fruit trees, near a beach, clean fresh air, and they can work from home. Maybe a virtual business owner living in the city sick of the high costs and wants to slow down. To any of these people $200,000 is a great price, while local buyers will never pay that. Plus, the way we market the house, you will usually have multiple buyers so if anyone wants to haggle they lose the deal and you can tell them maybe next house. Real estate is worth whatever buyers will pay, so if you expand outside the local market you increase the perceived value of the house considerably.
So how do we do this.
1. Determine the ideal buyer for your property, and Ill give you real world examples of what we have done below.
2. Create a great listing for your property. Can be a wix site, whatever. Make it nice talk about the area, the clean air, the features of the house, neighbors whatever. Pictures, videos, make people fall in love with the house and you'll often get offers without people even visiting.
3. Advertise. Ebay, Craigslist, Kijiji, Google Ads, Facebook, there are countless ways to find buyers online and your targeting ability is incredible. You can target retired people in the city, vegans if you have a veg garden, surfers if you are near a beach, online marketing you can laser target your ideal demographic, usually for a low price per click.
4. Show the house, or just take offers. many of our properties sold sight unseen.
If you have no money or dont want to look for no money down deals or take risk, you can't legally split commissions with realtors in the USA as the industry is so regulated, but there is no law for generating leads for private home sellers, or realtors, and no cap on how much you can charge for a lead. Also you can market fractional real estate or certain investment real estate around the world. We used to market developments in Costa Rica and Belize, developers would pay us up to 10% referral fee 10% on a half million dollar condo, that's a $50,000 commission. Even if you just generate leads most will pay you 2.5-4%. Just reach out to the developers of quality projects, many of them will sign a referral agreement.
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My big question is how to best go about learning this one skill?
Google. Every single aspect of online marketing is available, mostly for free, online. Organic SEO, advertising on social media, PPC, copywriting. Its a lot to learn, but so is 4 years at Uni.
@@FranchiseCityOnline , I guess I have to learn how to figure things out for myself not only so I can become a great entrepreneur but also if I want to be a star employee in general. I will agree it helps to be resourceful.
@@pjayshah Absolutely. It involves a lot of effort but small improvements every day lead to enormous progress over time. There is no one resource that will make you an expert. Set aside a specific time and duration daily, Google "how to market online" and begin the journey. There are paid courses, some of them quite expensive, but many are selling easy riches or "secrets" that arent real. Udemy is decent for paid courses and you can see the ranking of the courses before buying. Forums like Reddit can be good just join marketing groups, and Google themselves have a course: learndigital.withgoogle.com/digitalunlocked/course/digital-marketing Good luck!
@@FranchiseCityOnline Golden information. Somewhat reminiscent of how Grant Sabatier said he did it in some of his short interviews online. Great information, perhaps the most important of all from your great videos. I'm lucky I subscribed. Thanks. You should do a video on how to get good voice training too so we can improve our communication without losing a bundle to scam voice over training programs.
Crazy how you provide all these videos for free, Definitely appreciate these gems 🙏🏾
Thanks for watching!
You are absolutely correct. Even if you buy a little you will make money. Thank you for sharing
Thanks Hassan!
everybody in sales should watch this video… love the channel 🙏🏽❗️
This channel is absolute gold! Love from 🇮🇳
Thank you sir for your help and advise! Always valuable and useful information for free!
Thanks for watching!
I love love your channel! Very informative and helpful.. 🙏 praying for my franchise soon 😀
Thanks for watching!
Gold nugget of advice. Thanks a lot for these great free advice, some people not appreciate this content.
I appreciate that! Thanks for watching
Billionaires bill gates And investor like Michael burry all love farm land way too much please make a video on farm land investing. Thank you for quality content.
Thanks! The raw land video we did in 2019 on the other channel . Any land in the country with decent soil can become productive farmland. ruclips.net/video/6YL2W8qiNqk/видео.html
This guy is amazing
It's my Friday and I'm going to binge watch all your videos ! Definitely going to take action this year
Awesome! Thanks for watching :-)
Thank you for this....
Thanks for watching!
That’s some GOLD info there. I’m new to this so how can I learn more? thanks in advance.
Thanks! Google is amazing. Every single aspect of online marketing is available, mostly for free, online. Organic SEO, advertising on social media, PPC, copywriting. Depending on your goals is generally best to focus on the specific skills needed rather than being a generalist. Reddit has some good groups as well. I've taken many courses over the years but did so mostly for expediency just to save time over searching. Just a little bit of knowledge every day adds up!
Many need the whole plumbing thats7 to 12k without even talk about own back taxes and repairs
can you juts put it in redfin?
Re; the Pink Hummer story. What do you mean, "we walked in and filled out the forms."??? After getting a commission answer from the dealership did you fill out a commission form to guarantee their $5000 offer? Or, if you weren't the actual buyer, I'm confused what the paperwork was for.
It was our own (but pretty standard) independent referral/independent contractor agreement. You can find variations online and customize them for your specific needs.
@@FranchiseCityOnline That's SO COOL! Thank you for sharing.
You know, for a Canadian you’re pretty smart.
😂😂😂😂😂
Hey I have a question how much do I charge a real estate agent per lead, I'm not sure how much should I charge them if the home sold by my lead what do you usually charge a real estate agent. How much percentage do you usually charge them ?? please let me know thanks
You may have to drop your price initially because Realtors are understandably wary of paying upfront from an unknown source. Average lead cost is about $10 but these leads close at about one sale in every 170 leads.Zillow leads cost between $20-$200 avg cost about $55. If your own leads close at a higher rate you can work the math backward from what they pay now for a closed deal, then add a premium for the fact the realtor is saving a ton of time not calling 170 people. The price you charge will be directly tied to the closing ratio/quality of the lead.
@@FranchiseCityOnline thanks for your response I think I missed something what do you mean by charge your price on closing ratio/ quality leads , so I can’t then charge a % from the home cost that sold by my lead??
Where in the world I can do this??? I'm in America and as you know that is definitely not allowed unless you're licensed...
Why don't you just double close or wholesale the property?
How do you learn internet marketing?
See the pinned comment at the top :-)
So if I'm selling then realtor need to agree to my price and delete theirs?
Actually in the US you can't sell unless licensed. You can only provide them with leads, and set the price for leads.
@@FranchiseCityOnline thanks
i would love to do this but its way out of my wheelhouse.
I recall a family friend literally showing me how to turn on a computer. Explaining how to use a mouse and what a file was. That was my starting point. If every day you learn a little more anything can be learned!
@@FranchiseCityOnline yes sir!
Isn't zillow for this?
There's no such thing as "unused computer power." Computers spin down while idle or even go to sleep. Please never repeat that phrase again.
The point being if the computer is on anyway, it can be productive.
@@FranchiseCityOnline that's not how computers work. They pull very little power when on and not computing, maybe a dozen watts or less. Bitcoin farming will peg power draw every moment you leave it on, maybe hundreds of watts, and the power cost probably exceeds what you mine. You need to look up your kwh power price, your hash and mining rate, and test your actual power draw(i.e. with a "kilawatt" device) and do some basic math. The math is usually not in your favor as an amateur. Professional miners carefully locate their mining in low power cost areas, use special computers that are more efficient for the specific coin type (at large up front costs), and carefully tune their power draw characteristics to move into the profitable zone.
Also, never seen anyone sell a second hand car without listing it on any website (ebay, craigslist etc). Nobody can be that dumb lol 😂
Answered on the land video :-)
Wow. Does this guy ever lose money on a deal? I like him, I really do, but let's hear some business horror stories. Not every deal makes money or does it!
I'm pretty risk averse so most mistakes are from inaction rather than risk :-) Thanks for watching!
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