The Fastest Way to Research Any Property in the United States
Discounted Pricing for DataTree: https://retipster.com/datatree (REtipster Affiliate Link)
Want to use the property research spreadsheet? You can download it from the blog here: https://retipster.com/fastresearch
Find out if your property has wetlands: https://retipster.com/wetlands
What is a "perc test" and how much does it really matter: https://retipster.com/perctest
During my first few years as a real estate investor, I found that one of the biggest time-wasters I had to deal with was my research process.
Why? Because in my mind, in order to feel comfortable sending out an offer on any property, I had to know everything there was to know (this was my first mistake). As a result, I used to spend a ton of time making sure that I understood every possible thing about a property before making an offer. I would leave no stone unturned.
Well... an abundance of caution isn't a bad thing per se, but I eventually figured out that this approach was hurting me.
You see -- in order for me to be profitable in my business... I actually had to close a deal every once in a while (I know, sounds crazy right?).
Well... in order to close a deal, I had to get some accepted offers.
...for every ONE accepted offer I got, I usually had to send out a lot of offers, and I had to do this on an ongoing basis (not one offer per week... but more like a DOZEN offers per week).
...if I wanted to crank out this kind of volume all by myself, it wasn't a good use of my time to spend several hours researching each property before I felt "comfortable" enough to send out one offer. The math just didn't add up! If I wanted ANY hope of getting anywhere in this business, something had to change.
Let me tell you from experience that when you're offering somebody 10% -- 30% of their property's market value (like I do), a lot of them are going to say "No." That's just part of the deal when you're fishing for motivated sellers and offering them virtually nothing for their property. A general lack of acceptance shouldn't take anybody by surprise.
Once I came to this realization, I knew that I had to cut the fat out of my research process. I just didn't have an hour or more to spend researching every property I came across! If I didn't make some drastic changes, I wasn't going to survive as a real estate investor.
After a lot of fine-tuning and experimentation, I was able to whittle down my research process to what I considered to be the most important factors. These were the essential pieces of information that needed to be known in order for me to determine:
1. Whether Or Not To Make An Offer
2. How Much To Offer
This list of "bare essentials," i.e. -- the checklist that I followed to research each property, is outlined in the video above. #realestatewebsite #realestate #retipster #sethwilliams #realestateinvesting
Видео The Fastest Way to Research Any Property in the United States канала REtipster
Want to use the property research spreadsheet? You can download it from the blog here: https://retipster.com/fastresearch
Find out if your property has wetlands: https://retipster.com/wetlands
What is a "perc test" and how much does it really matter: https://retipster.com/perctest
During my first few years as a real estate investor, I found that one of the biggest time-wasters I had to deal with was my research process.
Why? Because in my mind, in order to feel comfortable sending out an offer on any property, I had to know everything there was to know (this was my first mistake). As a result, I used to spend a ton of time making sure that I understood every possible thing about a property before making an offer. I would leave no stone unturned.
Well... an abundance of caution isn't a bad thing per se, but I eventually figured out that this approach was hurting me.
You see -- in order for me to be profitable in my business... I actually had to close a deal every once in a while (I know, sounds crazy right?).
Well... in order to close a deal, I had to get some accepted offers.
...for every ONE accepted offer I got, I usually had to send out a lot of offers, and I had to do this on an ongoing basis (not one offer per week... but more like a DOZEN offers per week).
...if I wanted to crank out this kind of volume all by myself, it wasn't a good use of my time to spend several hours researching each property before I felt "comfortable" enough to send out one offer. The math just didn't add up! If I wanted ANY hope of getting anywhere in this business, something had to change.
Let me tell you from experience that when you're offering somebody 10% -- 30% of their property's market value (like I do), a lot of them are going to say "No." That's just part of the deal when you're fishing for motivated sellers and offering them virtually nothing for their property. A general lack of acceptance shouldn't take anybody by surprise.
Once I came to this realization, I knew that I had to cut the fat out of my research process. I just didn't have an hour or more to spend researching every property I came across! If I didn't make some drastic changes, I wasn't going to survive as a real estate investor.
After a lot of fine-tuning and experimentation, I was able to whittle down my research process to what I considered to be the most important factors. These were the essential pieces of information that needed to be known in order for me to determine:
1. Whether Or Not To Make An Offer
2. How Much To Offer
This list of "bare essentials," i.e. -- the checklist that I followed to research each property, is outlined in the video above. #realestatewebsite #realestate #retipster #sethwilliams #realestateinvesting
Видео The Fastest Way to Research Any Property in the United States канала REtipster
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![The Anatomy of a Land Deal (A Comprehensive Case Study)](https://i.ytimg.com/vi/ITbUDNhLg88/default.jpg)
![Investor Carrot Review: Is This The Best Website For Real Estate Investors?](https://i.ytimg.com/vi/YL0GeSj5BOk/default.jpg)
![How to REMOVE Your Property from a Flood Zone](https://i.ytimg.com/vi/Rx2Yc1vrhHE/default.jpg)
![Going From 0 to 10 Deals per Month (and quitting his job) in 18 Months](https://i.ytimg.com/vi/R_KJNiyS0S4/default.jpg)
![How I Find Motivated Sellers (and Get Them Calling Me) - Part 1: DataTree Tutorial](https://i.ytimg.com/vi/m75_-AK0yz0/default.jpg)
![5 Real Estate Side Hustle Ideas (I Made $1,000 in One Day)](https://i.ytimg.com/vi/RWGhA0EbGzQ/default.jpg)
![](https://i.ytimg.com/vi/YwS5agEyigw/default.jpg)
![The Land Flipping Business Model in 20 Minutes](https://i.ytimg.com/vi/Zu8LEqQ-L0w/default.jpg)
![What I Would Do as a New Crypto Millionaire](https://i.ytimg.com/vi/JWOJnm5Ys_s/default.jpg)
![The Last How to Run Comps Video You'll Ever Need to Watch!](https://i.ytimg.com/vi/l8jUQfP8Oks/default.jpg)
![Tax Deed Auction Part 3: Finding the Right Tax Deed Properties to Bid On](https://i.ytimg.com/vi/nhEaBodvMLM/default.jpg)
![I never thought it was possible but... (land flipping case study)](https://i.ytimg.com/vi/VZIEOgdIrIk/default.jpg)
![How to pull a direct mail list with AgentPro247](https://i.ytimg.com/vi/iTwhFOvjJ24/default.jpg)
![Tax Deed Auction Part 4: I Bid on 50+ Tax Deed Properties. Here's What Happened...](https://i.ytimg.com/vi/awWEkeoQCb4/default.jpg)
![BUYING Land? - 7 Things to Know Before Starting](https://i.ytimg.com/vi/fklsjma0N_A/default.jpg)
![How Ryan Chaw Doubled His Rental Income Using the Rent-By-Room Model](https://i.ytimg.com/vi/-CV028GoRx8/default.jpg)
![How to Analyze a Real Estate Market in 60 Minutes - Know More than a Local Expert - Neal Bawa](https://i.ytimg.com/vi/J-5akkEKzG0/default.jpg)
![How to Find Cheap Houses to Buy](https://i.ytimg.com/vi/d5zAm2t7gqI/default.jpg)
![Rental Property Investing 101 - Getting Started in 8 Steps](https://i.ytimg.com/vi/sM_DcT9ejdY/default.jpg)
![How Jaren Barnes Just Changed His Life With One Land Deal (Full Interview)](https://i.ytimg.com/vi/PgvqfPb9KlM/default.jpg)