Real estate middlemen and women
Find buyers first, deals second
By Steve Bergsman, Friday, September 10, 2010.Dean Graziosi is one of those "experts" who makes a living selling real estate books, real estate CDs and other programs explaining how you can make money in real estate by following his advice. If everything were that easy, I guess we all would be rich.
As you can imagine, I don't have much patience for so-called gurus, as everything about them seems a bit incredulous. Graziosi claims he's a multimillionaire and a best-selling author.
Like me, he lives in the Valley of the Sun (Phoenix metro area) and I thought I would make contact. So, I gave a phone call to his public relations team and a few days later he and I were chatting.
Graziosi definitely has a winning personality, which probably is why he makes such a believable guru. And he really came off as a nice fellow.
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There was an interesting item in our discussion that caught my ear: He had noticed through his various forums a large uptick in women getting involved in real estate.
Of course, there are probably a million female real estate professionals across the country, but Graziosi advocates a whole different approach to the business. His program is for you to be a virtual wholesaler and create a business that could be conducted from home -- all it takes is a phone and a computer.
The idea is to be a middleman. You go out and find motivated buyers who have cash but not a lot of time to seek out acquisitions and then find the great deals, match the two, and as Graziosi said: "make money in the middle."
Graziosi has a good sense of what's happening in that middleman market because he runs a kind of bulletin board on his website. "I watch it everyday -- I'm addicted to it," he said.
The site gets 300 to 500 postings daily.
At first, it was typically guys posting up. Then once in a while a husband and wife team would post. Starting about eight to 10 months ago, he notes, "we saw a wave of women posting, saying 'this is what I've done, this where I'm at.' "
All of a sudden on the site there were a host of Anitas, Renas, Laurens and Carolyns and they were each motivating each other, creating a round-robin of professional support. "One might say, 'I don't think real estate is going to work for me,' and the others would come in and say, 'Don't you dare give up on your dreams. Look what I did.'
"It has been like a snowball going downhill; it's just been great to watch the evolution," Graziosi said.
So what's causing so many women to try their hand at real estate without actually buying property? ...CONTINUED
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Submitted by Jon Angevine Calgary Real Estate on September 10, 2010 - 4:45am.
Finding the Buyers through getting a list from an Agent might be more difficult than he makes it sound as I am sure most Agents don't just hand over lists of Buyers and here in Alberta you would run into all sorts of Privacy and Regulatory issues (both of which could result in the Agent losing their license).
The other issue that you would likely run into would be that it would probably be considered trading in Real Estate here in Alberta and that would require the person to be licensed under our Real Estate Act.
I suspect this might also be same in many jurisdictions.
Jon Angevine - Associate Broker
RE/MAX iREALTY Innovations
www.CalgaryRealEstateGuide.com
Submitted by kevin fox on September 10, 2010 - 8:18am.
Good article, I read it because Steve's name sounded familiar from an excellent investment book I have. He should have mentioned though, how 'middlepersons' prevent themselves from getting into trouble.
Since they have a contract on the property, they are are a Buyer and then when they assign that contract, they are a Seller. They are NOT representing anyone
and should be make that clear to everyone involved.
Submitted by Mike McCutcheon on September 10, 2010 - 12:41pm.
How many "gurus" have we seen in the last 20 years? Some are in jail, others flared out. I personally don't give much credence to anyone who is "sharing their secrets to success". If I had THE SECRET, you could contact me on my yacht in Monaco. I won't risk being sued, so won't name all of the others on TV (usually on non primary network channels) who have made "made millions" and now just want to share the wealth. As my father-in-law used to say: "There's no substitute for hard work" He made lots ofr money but never wrote books on "how to.."
Submitted by Bruno Skopinich on September 10, 2010 - 12:50pm.
Me thinks... teaching people "how to do it" is easier and more profitable than doing it.
Submitted by Jose Lopez on September 14, 2010 - 4:29am.
Gurus are a dime a dozen right now out there. But you have to improvise and try new things. It is no longer acceptable just going with the flow. The basics of real estate are very simple and they create the best foundation. But to really excel you need a helping hand either from a coach, or another agent willing to share their ways of doing business.
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