REI ETUTOR Basics/Setting Up Shop

Basics REI eTutor Are you a: Part-time Investor  2 nd Income  Hobby Full-time Investor  Wholesaler  Rehabber  Landlord  Short-term (Lease Option)

Basics REI eTutor How Much Money Do You Have to Invest Are 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 Company Decide 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 Company Obtain 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 account Business cards

Setting up Shop REI eTutor Website A 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 Networking Join local REI Club and actually attend the meetings. Reach out to local realtors Frequent REI message boards and participate in conversations. Join LinkedIn and Facebook!!!

Setting Up Shop REI eTutor Find a Title Company or Lawyer Don’t wait until the last second or you could lose a deal. Make sure they deal with investors. Find one that handles simultaneous closings Compare prices and turn around time Ask other investors who they use

Setting up Shop REI eTutor What is Your Marketing Strategy? Bandit Signs Magnetic Signs Online Classifieds  Craigslist  Backpage Yellow Letters/Postcards  Out of state owners  Pre-foreclosures  Expired listings  Vacant homes  Code Violations Bird Dogs

Conclusion REI eTutor REMEMBER Every Offer Does Not Result In A Deal But Every Deal Is The Result Of An Offer