Guys, I recently did a great live video with my hot wife, Laura Morby, and our beautiful baby daughter on how to get deals.
More than that, we went over – and did – a deal in less than 2 hours!
A lot of people want to complain that they don’t have enough time to find deals, whether it’s because they’re in a 9 to 5 job or they’re this, that, or the other.
On a live video stream, Laura and I show you how to get a deal in 2 hours or less.
It’s that easy, it’s that simple.
How to Get a Creative Financing Real Estate Deal in Under 2 Hours
When you start doing creative financing deals, you’re first inclination is probably to find a seller, right?
Wrong!
A lot of the information that comes from other real estate investors isn’t necessarily geared towards people who haven’t been in the business or industry.
If you’re someone who knows and understands the value of the property, then yes, you are most likely prepared to go out and find a seller.
But many aren’t understanding of the value, they’ve just jumped into the field, and then run into problems when they realize they don’t get all the ins and outs.
Guys, if you are a beginner, if you’re knew to real estate investing, the very first thing you need to do is understand and investigate the market.
You can’t go and sell if you don’t know who your customer is and for us, the customer starts with a buyer.
So why would you go out and find a buyer first?
Simple – you need to know what the buyer wants and what they are looking for. This is essentially market research.
And to find those buyers, what Laura will typically do is go to the MLS. Outside of Arizona, where we live, there are a few other ways to find buyers that we discuss in our stream.
When looking for MLS buyers, you want to make sure that you’re looking for LLC companies and not individuals who have bought.
LLC companies are most likely real estate investors and you can verify this by going to your state’s corporate commission site.
This will allow you to search the LLC, get their contact information and then actual contact them. Tell them you saw their recent purchase and that you would like to be an asset for them in their next deal.
Now you’ve got a buyer. The next thing you need to do is find some money to help you buy your next deal.
And you’ve got choices – you can go with a hard money lender or a private money lender.
Later, you’ll do some paperwork which is always fun, though you can absolutely get others to do that for you, so all you have to do is wait for your check. That’s what I call mailbox money.
Honestly, that’s it. That’s all there is to finding deals:
Market research
Find a buyer and talk to them
Find either HMLs or PMLs
Lock it in, get your money
For first time real estate investors, that first deal is always a little bit scary, but I guarantee you that after you’ve done it, not only will you be ready for more, but you’ll get it down to a science.
If you’re ready to get your first deal, you can either join our awesome Subto Facebook group or you can join us in the Subto community.
If you’re already a student but haven’t gotten your first deal yet or you want to start using more effective methods, make sure you sign up for the upcoming summer Mastermind.