rei etutor basics/setting up shop. basics rei etutor are you a: part-time investor 2 nd income ...

REI ETUTOR

Basics/Setting Up Shop

Basics

REI eTutor

Are you a:Part-time Investor

2nd Income Hobby

Full-time Investor Wholesaler Rehabber Landlord Short-term (Lease Option)

Basics

REI eTutor

How Much Money Do You Have to InvestAre you able to finance your own purchases?Are you able to finance a portion of your

purchases?Rehab money only?What about holding costs?No money down investing?

Setting Up Shop

REI eTutor

Establish a CompanyDecide upon a company name

John Buys Houses Your Town Homebuyers Your County Homebuyers Eclipse Homebuyers

Determine type of ownership Limited Liability Company (LLC) C Corporation S Corporation

Setting Up Shop

REI eTutor

Establish a CompanyObtain an Employer Identification Number

(EIN)Get a physical mailing address – Not a P.O.

Box DO NOT use your home address.

Obtain a phone number Google Voice, Vumber, Etc.

Open a business checking accountBusiness cards

Setting up Shop

REI eTutor

WebsiteA website is a must!More graphics less text

Squeeze page for buyers Squeeze page for sellers Company information/About Us

Setting Up Shop

REI eTutor

NetworkingJoin local REI Club and actually attend the

meetings.Reach out to local realtorsFrequent REI message boards and

participate in conversations.

Join LinkedIn and Facebook!!!

Setting Up Shop

REI eTutor

Find a Title Company or LawyerDon’t wait until the last second or you could

lose a deal.Make sure they deal with investors.Find one that handles simultaneous closingsCompare prices and turn around timeAsk other investors who they use

Setting up Shop

REI eTutor

What is Your Marketing Strategy?Bandit SignsMagnetic SignsOnline Classifieds

Craigslist Backpage

Yellow Letters/Postcards Out of state owners Pre-foreclosures Expired listings Vacant homes Code Violations

Bird Dogs

Conclusion

REI eTutor

REMEMBEREvery Offer Does Not Result In A Deal But

Every Deal Is The Result Of An Offer