Thursday, November 19, 2009

Multi-millionaire in Real Estate Mogul

But Dave, I thought you had plenty of money from having done all those deals!"

My answer? I don't care whether it's your first investment, or your 500th, you can NEVER have enough financing lined up!

There are many little skills you need to become a multi-millionaire in real estate, but there are two BIG skills you must have, in this order:

1. Marketing.
2. Financing.

If you don't have a steady stream of leads in the door, then you won't see the good deals, you won't make offers regularly, and you won't make real money. We've talked about that before.

But let's say you're seeing plenty of leads, and...WHOA!...THIS deal looks like a great one! What happens now?

The investor with more financing options, wins.

Look, I'm living proof that you can do deals with no money down and no financing. But sometimes you'll come across a deal that does require some money for rehab, temporary financing, whatever. When you can get your hands on funds quickly, you're golden. That's never been more true than in this recession we're in.

The stronger your financing, the stronger your negotiating position.

My teleseminar this coming Tuesday, August 25 at 9pm Eastern is a special event. I talk about the whole variety of techniques I personally use to arrange financing for my deals. I didn't get to the point I'm at now--controlling close to a quarter BILLION in properties--without having a few tricks up my sleeve!

If you're content with a smaller--but still very comfortable--real estate career, then more power to you! You don't need to be on this call.

But if you want it all...if you want to do lots of deals--or have the option of doing even one single big deal that could set you up for life--then dial in at 9pm Eastern on Tuesday August 25 and listen to what I've discovered, plus what some of my students have found highly successful.

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