No BS Real Estate Investing - How I Quit My Job, Got Rich, & Found Freedom Flipping Houses ... And How You Can Too
By Preston Ely
5/5
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About this ebook
What would it be like to not have to go to work anymore?
To wake up whenever you feel like it?
To work when YOU want as opposed to when your boss wants?
You're about to discover a HUGE closely-guarded secret that will revolutionize your beliefs about what's truly possible in the world of "no money down" real estate investing ... and your life will never be the same.
Author Preston Ely is a real estate investor, serial entrepreneur, life coach, musician and philanthropist who was acclaimed by Fast Company as one of the 100 most influential people online. His company was recently recognized as one of the fastest growing private companies in America by Inc Magazine. His "No BS" approach to life and business has garnered him a following of over 200,000 newsletter subscribers, and he's helped many on their paths to financial freedom. You're next.
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Reviews for No BS Real Estate Investing - How I Quit My Job, Got Rich, & Found Freedom Flipping Houses ... And How You Can Too
3 ratings2 reviews
- Rating: 5 out of 5 stars5/5Great information in this powerful book ,thank you very much!!
- Rating: 5 out of 5 stars5/5I enjoyed it.
It explains wholesaling real estate in easy to understand terms and fun language.
Book preview
No BS Real Estate Investing - How I Quit My Job, Got Rich, & Found Freedom Flipping Houses ... And How You Can Too - Preston Ely
support@realestatemogul.com
Contents
Introduction
Chapter 1
The Most Important Thing
Action Plan
Chapter 2
Wholesaling – An Overview
Wholesaling Formula
Chapter 3
Finding Motivated Sellers
Motivated Seller Strategy #1: Networking
Motivated Seller Strategy #2: Classified Ads
Motivated Seller Strategy #3: Bandit Signs
Motivated Seller Strategy #4: Flyers
Motivated Seller Strategy #5: Abandoned Properties
Motivated Seller Strategy #6: YouTube
Motivated Seller Strategy #7: Mailers
Motivated Seller Strategy #8: Evictions
Motivated Seller Strategy #9: Big Baller Marketing
Chapter 4
What To Do With Your Leads After You Have Them (The Art of the Buy)
THE MAGICAL QUESTION!
Written Offers
Verbal Offers
Chapter 5
What To Do With Houses Once You Have Them Under Contract (The Art of the Sell)
Buyer Strategy #1: Put Out Bandit Signs
Buyer Strategy #2: Advertise on RealEstateMogul.com
Sample Agreement to Assign Contract for Sale and Purchase
Chapter 6
Deal Killers
Deal Killer #1: You Can’t Find a Buyer for the Property in the First Place
Deal Killer #2: One Of Your Potential Buyers Betrays You
Deal Killer #3: Your Buyer Doesn’t End Up Closing
Deal Killer #4: The Title Doesn’t Clear With the Title Company
Chapter 7
When You Simply Have To Close
Chapter 8
Some Closing Thoughts
Epilogue
Some Awkward Legal Stuff You Should Know That Impacts Your Wholesaling Business
Your Next Steps …
Warning: If You Don’t Want Tons of Money, Fancy Cars, Big Houses, and Freedom in General, Put This Book Down Immediately.
It Is Not Safe For You.
Still with me?
Good. Then let me ask you a few starter questions …
What would it be like to not have to go to work anymore?
To wake up whenever you feel like it?
To work when YOU want as opposed to when your boss wants?
Would you enjoy being able to call in well
instead of sick?
Picture it now …
Uh, yeah boss, I'm calling in well today. Yeah, that's right … I'm perfectly healthy and wealthy so I won't be coming in. Ever. Plus I make nine times more money than you now, and I'd hate to stick around and make ya feel bad about it. I’m not trying to ruin anyone's emotions here. See ya.
Click. Dial tone.
Does any of that sound good to you?
Well it sure does to me. It sounded so good that I went out and did it.
And let me tell you something … the day that I closed my first real estate deal and cashed the check (just weeks after quitting my job) and sat back in my chair knowing that work for me was now optional … wow.
There is only one word to describe it …
Freedom.
Real freedom. The way life was meant to be lived.
Imagine what it would be like to have it.
We were not meant to be slaves to corporations, my friend.
I don’t know if you’ve noticed this or not, but companies are no longer taking care of their employees; pensions are a thing of the past.
We weren’t meant to be controlled by the government either. We live in the land of the free,
remember?
The government is not a viable option for security or financial freedom; social security is headed for bankruptcy and government cheese isn’t fit for rats (actually yes it is. The rat race. Get it? Ha!).
401k’s are about as good a retirement plan as just putting it all on black on the roulette table. Starting in 2001, anyone trying to retire via 401k had to go back to work.
It is all up to you now, my friend. It is up to you to provide a secure future for you and your family. There is no more security.
There is no more leaning on your employer to take care of you (do you really want that anyways – your future in someone else’s hands?).
How are you going to do it?
What is your plan?
Forget about mere surviving and being able to retire for a second. Do you have a plan for financial freedom?
Financial freedom is the ability to choose when, where, and how much you work (if at all) while living the lifestyle you want.
Do you want it?
How bad??
Introduction
It’s been said that in Oriental culture it is taboo to write a book until you are over the age of 50.
I suppose there is a lot of wisdom in that.
It takes a good minute for our pea brains to wrap themselves around the complexities of life on planet earth. Every time you think you know something, you later realize you were totally wrong. And that’s good.
When that happens we can then walk in our current circumstances with more humility and open-mindedness. Go through the whole process enough times and you become wise. It takes time.
Anyways, I say all that to say this…
I’m moderately young … and I’m writing this book anydarnways.
After all, I’m not Oriental! I like hot sake and I dated a Vietnamese girl in high school once, but that’s about it. Plus I don’t think the 50 year old
rule counts for e-books.
So why should you read this book?
Because I graduated Harvard with a degree in real estate?
Shoot; I barely graduated high school and would have rather punched myself in the face until I bled and died than have gone to college.
Because I’m famous?
Not just yet. But keep an eye on me.
Because I am a nationally recognized speaker and writer?
Uuuhhh … I’m big in Europe. Does that count?
No, you should not read this book for any of the above reasons people. You should read this book for this one reason …
It’s FREE!
I am about to get you started on a proven fast track to real estate wealth, and it cost you nothing! Where else are you gonna find that?
This will be BETTER information than the heavy hitters
charge you thousands of dollars for in their three-day seminars.
One difference you will see in this book is that I actually give you real life tips & tricks from the trenches.
I could have easily stretched this information out and charged $300 for some big manual
… but I didn’t. I cut out all the fluff and we are getting right down to business.
Most importantly you should read this book because real estate has given me financial freedom ... and it can do the same for you.
In the next few pages, you’ll discover a few closely-guarded secrets that will revolutionize your beliefs about what is truly possible in the world of no money down
real estate investing.
And it will get you well on your way to real freedom.
If you know how to read (you made it this far) … can follow some RIDICULOUSLY simple instructions … and have a few extra hours per week to spare … that’s all you need to finally start making some serious money.
Who The Heck IS This Guy, Preston Ely?
At some point in the process of dropping out of high school, making a ton of money my first year in real estate, and teaching several thousand others how to do the same ... people started calling me The King of Real Estate Wholesaling.
Lame name, I know. Sue the masses who have stuck me with it.
I'd much prefer something sexier … like The Rock Star of Real Estate.
Maybe I can petition for name change.
What is real estate wholesaling?
We’ll get into that in just a second … but up-front, just know that it’s relatively easy.
Find some motivated sellers and bring in some motivated buyers and profit from the transaction.
Repeat several times and you’re rich.
That’s basically all there