Seattle Wholesaling Opportunity

Would you like to learn the business of real estate investment wholesaling? Are you looking for the high yields of real estate without the hassle of being a landlord? Are you interested in starting in real estate investment with no money, no credit, and no real estate experience required of you?

Would you like access to the NWMLS to help identify qualified investment properties?

Are you interested and available to work in the Seattle real estate market?

If you said yes to any of the above questions, this blog post is for you!!!!

I love teaching and I love real estate investing.  Put those skills together and here's an offer that you will love...

Here's where it gets interesting!

For the most part, I don't sell coaching and I don't sell educational books and tapes and seminars.   I buy and sell real estate investments.  I am a great teacher, but I make my money actually doing deals.  

I am looking for a wholesaler willing to walk specific Seattle neighborhoods for me to find vacant, neglected and fixer properties that I can buy. You must be in good physical shape for walking, and have reliable transportation to get you to Seattle locations.

I have specific buying criteria, that include finding Seattle properties with either NO equity or with lots of equity. As a wholesaler, I will provide you with the tools to find the properties and to qualify the leads, through research on the NWMLS. You will be paid $50 for every qualified lead you find, whether or not it leads to a closed transaction on my part. Additional bonuses are paid whenever you submit ten qualified leads.

I'll teach you literally everything I know about wholesaling investment real estate during the process.  Here's my background for those of you who don't know me:

Wendy Ceccherelli is a full-time real estate investor, and owner / broker with Home Land Investment Properties, Inc. As the volunteer membership coordinator for the Real Estate Association of Puget Sound, Wendy writes monthly articles for new investors in the REAPS newsletter, oversees membership recruitment and retention efforts, and provides training for new investors to prepare them for their first investments. 

She is a serial entrepreneur, commercial developer and former principal with Van Gogh Development Corporation. She invests in single family, multifamily and commercial properties in the Seattle area. She also runs her own vacation travel and lifestyle business. Wendy spent over twenty-five years as an executive in both the private sector and in four different municipalities, distributing almost $15 million in government and private funding. 

She has served on over 40 civic boards and commissions in leadership roles, and is experienced in entrepreneurship. In addition, she is a commercially-rated hot air balloon pilot, licensed yoga fitness instructor, and past President of the Seattle SAKE dragon boat club. This April she will compete as a paddler at Club Crew World Championships in Adelaide Australia.
 
With over ten years of real estate transactional experience in my background, hopefully you see this level of mentorship is an even more valuable offering than the property itself.  It's certainly a unique offering that you won't find anywhere else and it's only going to be made available to one or two investors. 

Here's the proposition in a nutshell.... You learn how to find and qualify investment property below market price, get paid for your efforts, and get some world class investor education in the process.   I get leads for properties that I can buy, list or refer out. We both win!  

If you're looking for a significant real estate mentor relationship, this could be the opportunity for you.   I don't sell real estate mentoring outside of a transactional relationship.   My motto is "learn by doing".  Here's your opportunity to earn while you learn. 

If you've read this far and you're still intrigued by the idea of acquiring mentoring AND wholesaling residential income property, here are some action steps for you:

If you're ready to explore the idea of mentorship through wholesaling income producing property, send me a SHORT email with what you're hoping to accomplish. Email should include:

• your name and all relevant contact information
• your goals and experience to date with real estate 
• at least two personal references

Send your email to me at HomeLandInvestment@gmail.com - and no phone calls please!

I look forward to working with you!

Happy Investing!

New Real Estate Investor Malady

One of the most common ailments for new investors is what is known as the “Shiny Object Syndrome.” It is an affliction with adversely affects the investor’s ability to focus, and negatively impacts their profit potential. Let’s examine the causes and symptoms associated with Shiny Object Syndrome.

A new real estate investor gets excited about investing in real estate and starts out with the intention of “wholesaling.” “Wholesaling” means buying a property at a low price and selling it at a low price, just like wholesale commodities which are bought and sold to buyers who will then add value before mark-up for the retail market. Wholesaling involves finding the deals. Find the deal and get it under contract, then flip it to another buyer with enough room for significant profit.

The most effective strategy for wholesaling is to find the BUYER first, rather than the property. Most new investors get this backwards. They get so excited about finding “deals” that they think their buyers will automatically materialize when they get something under contract. Not very effective, and here’s why.

Every real estate investment association is filled with investors who buy properties. Many of them buy unlisted properties from other association members who “bird dog” by finding them the properties they want. Find out who in your association is actively buying properties. Then find out what they want to buy. This is known as “building your buyers list.”

For example, I buy single family homes in good neighborhoods in the city of Seattle, that have three bedrooms, two baths, at least 1200 sf, and that retail for less than $400,000. I prefer houses that have some kind of off-street parking, and avoid those on busy arterials or in “war zones.”

So I am not interested when my bird dogs show me vacant land anywhere, houses in Covington or Puyallup, 21-unit apartment buildings, or anything out of state. They may or may not be good deals, but they are not my focus.  However, bring me a lead on a funky three-bedroom single family home in Ballard for under $350,000, and I am all over it! Find out what your buyers want first, then go find it.

Suddenly the new investor is hit with the first attack of Shiny Object Syndrome, as his buyers are not interested in any of the deals he has brought so far. The new investor decides this wholesaling stuff is too hard, and maybe soliciting underwater sellers for lease options would be easier than wholesaling. Off he goes, down a new path!

Well, plenty of underwater sellers, but where are the lease option buyers?

Second attack of Shiny Object Syndrome: new investor hears about how a lot of investors are making money flipping mobile homes and figures he has enough money of his own to buy and sell mobile homes. Maybe he buys one or two, but longs for bigger paydays….

Shiny Object Syndrome is really beginning to incapacitate this poor new investor. He adds attending the foreclosure auctions to his list of activities, but can’t recall whether he is looking for properties for himself? Or for some buyer?

The cure for Shiny Object Syndrome is to keep it simple. Pick a focus. For most new investors, this means finding the deals, and selling them to investors who want them. Repeat, until you have the resources and the experience to do the entire deal yourself.

Stick with the basics and get really good at the path you have chosen. Follow it through long enough to give it a chance to succeed. Ask for guidance from more senior investors. Keep the faith, and close off the exit doors. Be patient and persistent, and you will succeed.

Happy Investing!

http://wendywonder.housingtrendsenewsletter.com