Category: Real Estate Reviews

DC Fawcett – Tips To Start Real Estate Without Money

DC Fawcett Virtual Real Estate Investing club

Are you interested in starting a real estate investment company despite no cash, bad or poor credit score?  If your answer is yes, the doors are open for you. What are you waiting for? Just grab or avail the opportunities wherein you can get financial assistance to establish yourself and free yourself from all the debts. DC Fawcett gives you some tips to start your real estate investment business without any investment.

Tips to start real estate investment without money

If you have huge debts to repay or facing the foreclosure, there is nothing to worry as there are plenty of options to start your real estate investment business. If your credit score is awful, it isn’t the end of the world. You can still avail loans from some of the sources. Here are the tips.

DC Fawcett Real Estate-Tips-To-Start-Real-Estate-Without-Money

  1. Hard/Private Money Lenders

    If the banks don’t approve your loan application, owing to your poor credit score, you can resort to hard or private money lenders who can help you. There are certain criteria for loan approval in this option. The fees and the interest rates may be high.

  2. Wholesaling

    You need not have a high credit score or large amount of money down. Real estate wholesaling consists of finding discounted properties that are given to the prospective and potential buyer who is getting paid to do that.

  3. Partnership

    This is the most common way to start a real estate investment business. In this type, one investor can cover up for another. One partner will find the property at a concessional rate while the other will use his or her good credit score and working capital to get the business going smoothly.

  4. Home Equity

    This is another option for the investors who have no upfront money. It is an added advantage as the property value has gone up recently. The investor has two options to avail finance.

    Rewrite the first mortgage and opt for a reverse mortgage.Keep the first loan aside and add a home equity line of credit.

  5. Seller Financing

    With this type of financing, the investor directly deals with the seller or the homeowner and sign an agreement that states about the due date of paying the interest and the consequences of default that has been agreed.

  6. Borrow money from family or friends

    If you have little or no money, but are from a well-to-do family or friends, you can borrow from them with an assurance of paying them back. You can do this by writing a promissory note with payment dates and the rate of interest. You need to take certain factors into consideration before approaching them such as your relationship with them and how it will get affected if you are unable to repay them.

Conclusion

Understanding your credit score is more important if you wish to avail for further loans. Your loan approval depends on the credit score you have.

 

DC Fawcett – Tools To Manage Real Estate Business

DC Fawcett Real Estate

If you are having an office set up for real estate business, more people are likely to visit your office to inquire about real estate investment. Sometimes, you will be too busy in your meeting with the important clients which becomes very hectic. So it becomes necessary to hire the staff that has got a good knowledge in real estate investment. Technology keeps improving and changing for the better. There are more software tools coming to the market, which makes your life easier and the business more efficient. DC Fawcett suggests making best use of these tools to improve your business. Some of them might be expensive, but most of them are inexpensive. It all depends upon what budget you fix for them.

DC Fawcett Real Estate -Tools-to-manage-the-real-estate-business

DC Fawcett’s suggested tools for real estate business

Tools to manage the real estate business

Here are some of the popular tools which we will be discussing on this topic.

Google Drive

It provides you the online storage wherein you can store your documents, images, upload and download files, create shared folders, templates, listing presentations and much more. It allows you to share your files and converse with others. You get first 15GB free of cost which is more than enough to store your data.

Drop Box

It does the same work as Google drive like uploading and downloading the documents, create shared folders and view them using any device i.e. computers, tablets and phones.

Cloud On

It is a multipurpose application, in which you are able to upload, create, review, rename, edit, and manage your data. Most of the clouds hosting sites are freely available and makes your work incredibly easy.

Evernote

You can collect and organize digital content with the help of this tool. Users can synchronize all their data on every device and computer they use. It also includes saving the web pages you want to research and gather information online, share the notes with your colleagues and prospective customers. This software is free of cost when you download but the premium package is $45 per year and business plan is $10 per month.

Open Home Pro

There is no need for the Realtors to take the pen and paper with them as they can use iPad application instead. It has these features which enable you to keep track of people who attend your workshop, without having to decipher their handwriting. Open Home Pro has the fields, that has got columns for prospective buyers have agents, pre-mortgage approval and fields to store contact information. Its price is $4.99 at iTunes.

Wi-Fi Finder

This is available in all android and IOS devices and is a free application. You can get a Wi-Fi connection in any place you go. It comes handy to all businessmen who depend on tablets.

Google Calendar

Is a free online calendar which syncs all your devices, i.e. phones, tablets and computers. You can create multiple calendars within a single calendar, that consists of personal, work and editorial calendars, share specific calendars with concerned persons, and view others public calendars.

Conclusion

They are some general real estate terms as reviewed by DC Fawcett which will be very useful for real estate investors.Automation is necessary to maintain your client information without a paper. If your office is automated and has a good manpower, there is a scope to improve your business.

See Also –  Real Estate Terms Reviewed by DC Fawcett

DC Fawcett – Why People Fails In Real Estate Career?

DC Fawcett Real Estate

Many people enter the real estate world, but not everyone becomes successful. On the contrary, many fail in this trade and they end up in blaming the person who gives you the tips for making a successful career in real estate investment.  DC Fawcett  shares his success story in this field to the entrepreneurs who wish to pursue their career in real estate investment.

Reasons for failures in real estate business

A successful person does not have any reason for their success, but an unsuccessful person has millions of reasons as to why they could not succeed. This is applicable for any career that you choose. Succeeding in a real estate career is tough but, not impossible. Here are the reasons for failure in real an estate career.

DC Fawcett -Reasons-for-failures-in-real-estate-business

  1. Little or no saving

    The mistake which many of them make is they quit the job and start their career in real estate which is not a wise decision. It is very difficult to make a sale within a month after you resign from your job. You need to save good amount of money for your survival to start your career in real estate investment.

  2. Trying for extra income as a real estate agent while being in a full time job

    Working as a part timer in real estate is one of the hardest things to do. Buyers would be interested in seeing the property before deciding to go for it, for which they would like to talk to the agent at the earliest. If you are available after 5 or 6 pm and during the weekends, it will be very much frustrating to the buyer.

  3. Client’s negligence

    Real estate business is based on building up a good relationship and rapport with the clients which helps you to gain their trust. If you give good services to them, it increases the positive word of mouth, which helps you to increase your leads and sales. Most of the real estate neither picks the calls nor call back the people who are interested in buying or selling the house.

  4. Lack of database marketing

    Maintaining the database is most important as it helps you to store the records of past clients, prospective clients, business contacts and any other known person. You can use this database to make phone calls, send letters and emails to them. You can also invite them for entertainment purposes like fun events.

  5. Ignoring the client needs for a commission check

    This is the mistake that many real agents does out of their desperation for commission, thereby being insensitive to the customer requirements. Real estate business is all about building a rapport with the clients and referrals. If you do what is best for yourself, very less people will use your services. If you meet the client requirements, word of mouth increases and more clients will reach out to you.

Conclusion

Real estate business does not make you rich overnight. It needs lots of efforts and making your customer happy.These are some general real estate terms as reviewed by DC Fawcett which will be very useful for real estate investors.