Tag Archives: flipping houses

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Being a professional real estate investor, we come across all kind of deals. “Stop sucking your thumb and flip a house” is a phrase that every investor should abide by. Analysis paralysis and wasting very profitable time goes on debating. Wondering if others are going to jump on this deal. Loosing focus on your target gives you mediocrity all lifelong in every aspect of your life. Twiddling thumbs and looking at a deal is not going to get you results. You need to take action, make an offer, and help the distressed panic home seller. Remain focused on the deal at hand.

Stop Sucking Your Thumb & Flip a House

As they say about when Jeff Bezos when he was a kid, the founder of Amazon. He was in a Montessori school, and they’d stick him in these little chairs, and he had to rotate around. Bezos was so focused that they couldn’t tap him and get him out of it. He was doing his coloring or whatever, so they had to pick up the chairs and move him around. The lesson here is being extremely focused at the task on hand; there’s a time and season for everything.

Split your time between being extremely focused and questioning, “What do I need to get done today?” Use modern technology to help you destroy the pending list of 30 things, and instead split it into two. In other words, focus on one real estate deal at a time. Keep your list of properties to make an offer less than two.

Stop Sucking Your Thumb & Flip a House

In Hillary Clinton’s book, Hard Choices. If you look at her routine in a day, she makes time from about 9:30 to 9:45 to record four thank-you videos for key people and she gets it off her chest – boom. However, she doesn’t do it all day; she’s carved out time so that she doesn’t interrupt her day. This is how you are going to build last long business relationships. Gratitude will open more door of opportunities for you. Remember in kindergarten they teach you five basic manners, use them to excel at your success in flipping houses.

Don’t suck your thumb & flip a house.

That’s what Warren Buffett says. If you come to him with good information, he makes a decision to buy a deal then or never, so no sucking your thumb syndrome. That’s the same as stick-ability. For all those things, if Warren Buffett the billionaire can make executive decisions very quickly, you come to him, you say, “Here’s how much money this deal is making. Here, how much? Warren Buffett will tell you immediately. He’ll let you know if it’s a, “good deal, or not.”

Stop Sucking Your Thumb & Flip a House

Is that OK that we start following a great advice? Would you think it can excel your real estate investments to lightening speed? Instant decision making is very powerful weapon for wealthy real estate investors. But they always keep the back door open for quick exit if everything does not match the acquisition criteria.

The question most of you will ask about is the risk factor involved in making instant decisions. You are right. How about what you have learned to do your Due Diligence after having a property under contract first. May be you should not waste time if you are assigning (flipping) the contract to another end buyer. Risk is always there no matter what. We all will make mistakes but most of them  will teach you the lesson worth more than the price you have to pay. Don’t suck your thumb and flip a house.

Stop Sucking Your Thumb & Flip a House

He doesn’t say, “Let me think about it for a month.” Obviously, there are some decisions that are very complex that you have to make more time for, but your ability to not let things load up on your brain is going to be directly related to your ability to have impact in life and to live the good life.

Ask any realtor about the common mistake that most home buyers make, “let me think about it” and they will miss the boat again. Now they want the same boat but unfortunately the boat has already sailed off. How many  boats we have all missed? Is it a good idea to learn from one’s own mistakes or another’s? The bottom line is only one factor. Unable to decide will keep you at the bottom of the ladder of success in real estate.

Stop Sucking Your Thumb & Flip a House

This is the secret weapon of very wealthy investors.

Making a decision instead of sucking your thumb all day long and being unable to decide anything in life. Stop Sucking Your Thumb & Flip a House.

Health, wealth, love, and happiness. You can have it all by investing time and energy. No stickability – Hot potato – No sucking your thumb on stuff – Make an executive decision. You are the commander in chief of your life. Move on to the next real estate deal.

Warren Buffett says for every good thing you put in, you got to take something out. You have to make room for it, so when you start in your day-to-day, you start having this high cognitive load because of the stickability factor, you will be less effective. Your brain won’t function as well. You won’t be able to do deep thinking. Keep your brain junk free.

Change your life today. Learn more to earn more by attending LIVE Workshops  in your city from fellow Canadian Real Estate Experts. Put a house under a contract and flip it. No need to think about tomorrow yet. Let’s solve a distressed home owner’s problem, make a fortune and conquer today.

Stop Sucking Your Thumb & Flip a House

50+ Ways to Find Panic Home Sellers in Canada

50+ Ways to Find Panic Home Sellers in Canada

Find a great deal

Finding panic home sellers in Canada requires education, training, and coaching. Realtors intend to use the words “Motivated Sellers” but in real life they are panic sellers. Being a Professional Real Estate Investor in Canada you would prefer the Panic Seller to request you to buy the house instead of looking for those properties.

Marketing on steroids will help real estate investors to find discounted real estate deals. That is part of Canadian Real Estate Investors strategy apprenticeship program. Buying Canadian Real Estate pennies to dollar will help you make instant profit. Wholesaling real estate deals require you to find properties from panic sellers which are 40 – 97% below current market value.

50+ Ways to Find Panic Home Sellers in Canada

You can find tons of properties

which require fix and flip. In fact the proper margins can be extremely small. You can learn more by joining Professional Real Estate Investors Group (PREIG Canada). Here are the top 50+ ways to find panic home sellers in Canada:

50+ Ways to Find Panic Home Sellers in Canada

  1. Civil Enforcement: Sheriff may be instructed by court order
  2. Tax Liens: Homeowner who has not paid their property taxes for more than 3 years
  3. Power of Sale: Where the lender or bank is going to sell their property to recover their money.50+ Ways to Find Panic Home Sellers in Canada
  4. Civil Forfeiture: Where the authorities (Police) have taken due to criminal activities
  5. Canada Revenue Agency: Canadians who do not pay their taxes, their properties can be sold by CRA the taxman, by writ of seizure
  6. Grow Op: Illegal activity
  7. Stigmatized Properties: Death, Murder, Haunted houses etc.
  8. Expired MLS Listings: Get automated email list from a real estate agent.50+ Ways to Find Panic Home Sellers in Canada
  9. Social Media: Facebook, Twitter, YouTube, Pinterest, Instagram
  10. Small Home Builders: Often buyers are trading up and may have trouble selling current home
  11. Retirees: Excellent prospects for seller financing and homes with equity.
  12. Rental Agents & Property Managers: Has a list of non-owner occupied owners and can identify landlords eager to get rid of cash-flow property.
  13. Nursing & Retirement Homes: Frequently residents and family members need to sell a house or don’t want to deal with tenants.
  14. TV and Radio: Local stations & cable companies have free/low-cost spots
  15. Networking: Connect with Investors online, Call We Buy Houses ads & signs, Investment Associations &  Clubs50+ Ways to Find Panic Home Sellers in Canada
  16. Mobile Homes: Get to know park managers. Sellers have hard time dealing with banks.
  17. Market Bulletin Boards: Coffee shops, Restaurants, gyms
  18. Car Signs and Wraps: Tell the world that you “buy houses” while running your errands.
  19. Local Fast Food: Many sell advertising. Pick a target neighbor and test.

  20. Lis Pendens: Notice of a law suit, usually a foreclosure.
  21. Lenders: Banks / Mortgage Investment Corporations (MIC) – Mortgage Brokers, Private Lenders, Hard Money Lenders50+ Ways to Find Panic Home Sellers in Canada
  22. Judgments & Liened Properties:  Public county or city records, Mechanics Liens, HOA Liens, Tax Liens
  23. Investor Packages: May be able to negotiate seller financing as well as terms
  24. Foreclosures: Internet: EBay, Craigslist, Wholesale Sites, Lead Services,
  25. Funeral Homes: Good source for inherited property or upcoming sales
  26. FSBO Signs: for sale by owner
  27. Flyers:  Think Shopping Centers, Wal-Mart, Home Depot, Malls. Put on car windshields or pay someone to do it for you. Use quarter or half pages and print on both sides.
  28. Insurance Brokers: Policy changes from owner occupant to landlord or vacant house coverage.
  29. Farm & Drive for Dollars: Study a local neighborhood and establish yourself as the go-to problem solver for distressed owners and distressed property
  30. Surplus properties: Great deals available through Federal, provincial, local and agencies.
  31. Eviction Court: great place to find landlords50+ Ways to Find Panic Home Sellers in Canada
  32. Estate Sales – sometimes tied to probate and chances are the real estate will also be available soon or be transferred to an unwanting relative
  33. Door Knocking: Distribute flyers and go door-to-door asking residents if they know of anyone planning to move because you’d like to buy a house in their neighborhood!
  34. Door Hangers: You can also use pre-printed post-it notes to leave messages at target properties. Be sure to advertise on both sides, you can even sell the back side and recover your advertising cost!
  35. Direct Mail: Pre-Foreclosure Letters, Probate Letters, Out of Town Owners, Bankruptcies, Divorce & Delinquent Taxes
  36. Delivery Carriers: Think Postmen, Newspaper, Fed-EX, UPS, water delivery, Swanson guy. They can let you know who is moving, vacant houses, financial trouble, about to sell
  37. Credit Repair Agencies & Counselors: Many times the only way someone can get their spending under control is to sell a house they can no longer afford.50+ Ways to Find Panic Home Sellers in Canada
  38. Courts: Eviction Filings, Probate, Divorce Cases, Tax Liens, Code Violations
  39. Personal Finance & Car Lot Finance Companies:  Good lead source for people who are in financial difficulty and used to dealing with “terms.
  40. Condemned Houses: You need to find it out by having connections and knowledge.

  41. Classified Ads: Look for specific keywords that could possibly mean the seller is motivated such as:  transferred, motivated, divorce, owner financing, must sell, etc.
  42. City & County Inspectors: Code violations and red tags. If you develop a reputation of buying distressed properties and improving them, you become an asset to the community.50+ Ways to Find Panic Home Sellers in Canada
  43. Car Repos: Signs of financial trouble. Get a list from repo specialist or wreckers.
  44. Price Reduced MLS Listings: Get automated email list from a real estate agent.
  45. Business Cards: different types: one for sellers, one for buyers, and one for professionals. Word of advice – you have to remember to pass them out.
  46. Bird Dogs: These people can be very valuable to your business. It is important to know your local laws about compensating unlicensed people, however, so do your homework first!
  47. Auctions: Often times, you can catch a good deal in a tax sale by beating the Auction deadline. List provides property address so you can contact owner.50+ Ways to Find Panic Home Sellers in Canada
  48. Real Estate Lawyers: Think probate, real estate attorneys, family law, and divorce.
  49. Advertising: Daily, Monthly, Simple: Quick Closing, All Cash etc., We Buy Houses Ads, Newspapers, Flyers, Online50+ Ways to Find Panic Home Sellers in Canada
  50. Accountants and CPA Firms: They have clients that might need to get find of assets (houses) for tax purposes and can identify clients that have unwanted property or rentals. Also great place for getting a list of retirees with free and clear homes open to seller financing.
  51. “We Buy Houses” Bandit Signs: Check your local sign ordinances.50+ Ways to Find Panic Home Sellers in Canada
  52. Damaged/Distressed/Abandoned Houses: Look for blue tarps on roofs, boarded up windows, overgrown yards, etc. Contact the owner to see if they want to sell the property.
  53. Cancelled MLS Listings – Get automated email list from a real estate agent.
  54. Redemption: Learn more how the redemption period works in foreclosures, power of sales, Civil enforcements and tax liens.50+ Ways to Find Panic Home Sellers in Canada

Those were  50+ Ways to Find Panic Home Sellers in Canada. You can learn from Canadian Real Estate Investment Experts by attending a live workshop and attend Canadian Real Estate Investment strategy Apprenticeship.

50+ Ways to Find Panic Home Sellers in Canada

We welcome your feedback in form of suggestions and recommendations. Due to the nature of the real estate market, the need to sell it fast changes rapidly. Being a professional real estate investor, you may find it is easier to make money when the market is flat or going in a negative appreciation.50+ Ways to Find Panic Home Sellers in Canada

Analysis paralysis in real estate

Analysis paralysis in real estate

Analysis Paralysis in real estate will lead you to confusion. Some of us have a habit of over analyzing a deal based upon opinions rather than facts. It is true that real estate can be risky investments, due to the cycle of demand and supply, and current economic conditions. The reason of analysis paralysis is based upon fear which is similar to buying. Professional Real Estate Investors have a system of doing due diligence which help give the investor the confidence to buy or flip the property without a doubt. Due to the human nature, 99% of investors will keep delaying hoping for the market to go up or down. It is a quite familiar wording that “I wish I had invested in real estate 10 or 20 years ago”.

Analysis paralysis in real estate

During the Canadian Real Estate Investment Strategy Apprenticeship, you will learn over 50 steps of due diligence. Analysis Paralysis in real estate is like a phobia which is full of doubts and fear of unknown.

You may find tons of investors who are walking and talking encyclopedia of real estate but they have never owned or done a real estate deal. Make sure you are not one of them. We are going to clarify the culprits which may be holding some of the investors back.

What is analysis paralysis in real estate?

Analysis paralysis in real estate

Analysis paralysis is when a real estate investor
or an aspiring real estate investor cannot buy a house
because they over-analyze everything. They run the numbers
over and over and are unable to do their due diligence. They convince themselves the property
is a bad deal or someone else buys the property before
they make a decision.

Analysis paralysis in real estate

Analysis paralysis or paralysis by analysis is the state
of over-analyzing a situation with a fear and a doubt in mind. As a result the decision or action is never taken, therefore paralyzing the outcome. A real estate investor might be seeking the optimal or “perfect” solution upfront, and fear could make the decision lead to erroneous results.

On the opposite end of the time spectrum is the phrase “extinct by instinct”, which is making a fatal decision based on hasty judgment or a gut reaction.

How do you overcome analysis paralysis?

Analysis paralysis is caused by fear.
Fear of failing, fear of losing money and
fear of making a mistake. Many people live their
lives through fear, but people should not fear failing.
I think it is much worse to have never tried and not
known if you could succeed than to try something and
not succeed. There are a few things you can do to
convince yourself to overcome your fears and
analysis paralysis.

Analysis paralysis in real estate

What is the worst thing that could happen?

One thing I always consider when making a big
decision about life or real estate is “what is
the worst thing that could happen if I do this?”
In most cases we believe things will be much worse
in our heads than they will be in reality. Actually,
in most cases we don’t even think clearly about what
will happen if things go wrong, we just don’t want to fail.

What happens if you make mistakes and lose time?

When you lose time from mistakes or bad situations
are you missing out on that much? For one thing if
you are stuck in analysis paralysis you are gaining
nothing by doing nothing and losing time anyway.
When you take action and make mistakes you are learning.
Every mistake is a chance to learn and a chance to make
more money in the future. You aren’t losing time when
you make mistakes, you are gaining experience and learning.

Analysis paralysis in real estate

Why you never fail with the right attitude?

People like to use the word failure all the time.
I believe it is a horrible word to use, because it means
you gave up. No one fails if they don’t stop trying.
Many of the most successful people in the world made
many mistakes, but they never gave up. They refused to
listen to the people who told them they could not succeed,
they worked to prove those people wrong. In fact, I would bet
the most successful people make more mistakes than
unsuccessful people. The successful are willing to take chances,
to take risks and that is how they made it big.

Analysis paralysis in real estate

Buying real estate is a big deal and it is an awesome investment
if you do your homework and buy right. Once you have figured
you want to be a real estate investor and you have the means
to make it happen, don’t let analysis paralysis hold you back.
A great deal that you buy is much better than the perfect
deal that you will never find.

Analysis paralysis in real estate

Alberta tax sale properties Falgstaff County

Aug 15,2018 Alberta tax sale properties Falgstaff County

Public Sale of Land, Alberta, Canada

Alberta Municipal Government Act  Flagstaff County Notice is hereby given that under the provisions of the Municipal Government Act, Flagstaff County will offer for sale, by public auction, in the Flagstaff County Office, at 12435 TWP RD 442, Sedgewick, Alberta, on Wednesday, August 15th, 2018, at 11:00 a.m., the following lands: Pt. of Sec

Alberta tax sale properties Falgstaff County

Sec

Twp

Rge

M Acres

C of T

NW

35

40

13

4 158.81

062007065

SW

27

45

12

4 160.00

152361063

Lot

Block

Plan

C of T

18

9 4794AH

152002712

12-21

1 RN67

152102170

13,14

9 4794AH

952269470 + 1

17,18

5 6044AJ

152250406

24,25

5 RN67

162024169

11

3 3010BO

952283318

16

1 3010BO

142242037

Alberta tax sale properties Falgstaff County

Each parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

Flagstaff County may, after the public auction, become the owner of any parcel of land not sold at the public auction.

Aug 15,2018 Alberta tax sale properties Falgstaff County Terms: Cash, Certified Cheque, or Bank Draft.

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Alberta tax sale properties Falgstaff County

Dated at Sedgewick, Alberta, June 15, 2018.

S. Armstrong, Chief Administrative Officer.

Alberta tax sale properties The Town of Claresholm

Aug 21,2018 Alberta tax sale properties The Town of Claresholm

Public Sale of Land, Alberta, Canada Alberta Municipal Government Act

Notice is hereby given that under the provisions of the Municipal Government Act.

The Town of Claresholm will offer for sale, by public auction, in the Town of Claresholm Administration Office, at 221-45 Ave West, Claresholm, Alberta, on Tuesday, August 21st 2018 at 9:00 a.m., the Following lands: Lot

Alberta tax sale properties The Town of Claresholm

Block

Plan

C of T

17-18

124

2496R

101308407

2646/10000

Unit 1

Condo

0914229

151032741

3323/10000

Unit 2

Condo

0914229

151032741 + 1

4031/10000

Unit 3

Condo

0914229

151032741 + 2

Each parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

Alberta tax sale properties The Town of Claresholm

The property is being offered for sale on an “as is” “where is” basis and the Town of Claresholm makes no representation and gives no warranty whatsoever as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, vacant possession, or the developability of the subject land for any intended use by the Successful bidder. No bid will be accepted where the bidder attempts to attach conditions precedent to the sale of the parcel. No terms and conditions of sale will be considered other than those specified by the Town of Claresholm. No further information is available at the auction regarding the lands to be sold.

Alberta tax sale properties The Town of Claresholm

The Town of Claresholm may, after the public auction, become the owner of any parcel of land not sold at the public auction.

Aug 21,2018 Alberta tax sale properties Claresholm Terms: Cash or Certified Cheque. Deposit: 10% of bid at the time of the sale, August 21st, 2018.

Aug 21,2018 Alberta tax sale properties Claresholm Balance: 90% of bid within 30 days of receipt by the Town of Claresholm.

Goods and Services Taxes (GST) applicable per Federal statutes.

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Alberta tax sale properties The Town of Claresholm

Dated at Claresholm, Alberta, June 12, 2018.

Marian Carlson, Chief Administrative Officer.