Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

204
Posts
188
Votes
Eric Medemar
  • Real Estate Coach
  • Grand Rapids, MI
188
Votes |
204
Posts

The Ultimate Secret For RE Success!

Eric Medemar
  • Real Estate Coach
  • Grand Rapids, MI
Posted

I am going to keep this short and to the point.

Most of you who read this will NOT be held back from investing success by a lack of information about investing.....Though most of you will spend 99% of your time in the highly profitable "infovesting" stage.....Systems and Courses do have their place, but they won't do a darn thing if you don't use them.

Heck, there is enough information in this forum to fill 25 investing courses.

With that said, I offer you 2 Real Estate Investing Success Codes that are so easy to comprehend, but hard to follow through on...Not because they are actually hard, but because most of us are wired like idiots.

Code #1

"Learn enough to get started, then get started"

Code #2
Real Estate Investing Formula for success

This is the code that my Wholesaling Mastery Students follow.

FB+FS+NEG+FF+ES= Success

Every single transaction in one way or another all boils down to this simple formula.

Find buyers+Find Motivated Sellers+Negotiate+Find Financing (Completely Dependent upon exit strategy)+ Exit Strategy= Success

I like the simplicity of the equation because it pulls out all of the distractions that make investing seem so complicated.

I know that there is at least one good post in here about finding buyers (I Posted one)

I know that there is at least one good post in here about finding sellers (I posted one)

I know that there is at least one good post in hers about negotiation (I posted one)

As far as finding financing goes talk to a lender, see what you can do. If you can't get financed then use a Exit strategy that does not involve bank financing.

Great non-financed strategies include:

Wholesaling
Lease options
Bird Dogging
Subject to
Land Contract

I know that there is also great info in here about all of these topics as well.

I challenge you to spend the day filling in the blanks of the formula with your strategies....

After the 1 day is done then you should know enough to get started.

Good luck!

Most Popular Reply

User Stats

5,700
Posts
3,504
Votes
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,504
Votes |
5,700
Posts
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

a lottta hard work to do it correctly.

Loading replies...