Real Estate Investments: Fund, Fix, Flip series – How to Get Started with Wholesaling

How to get started with Real Estate Wholesaling

“A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and assigns the contract to the buyer. The wholesaler makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer.”

Tip of the week: So What Exactly is Wholesaling Real Estate?

Wholesaling is often marketed as a low-to-no cost way of getting into real estate investing and this can be true. A new wholesaler can certainly profit with a much lower initial cash outlay than an investor who has to buy a property and rehab it. However, the successful wholesaler has to have a firm grasp of what makes for an attractive deal – once you understand this process of wholesaling, it becomes much easier and can be broken down into a serious of repeatable steps.

Word from our sponsors:

Flip or Flop

Are you looking to invest in the south Florida market? The time is ripe for investors. Call MyHelps Real Estate Investment Services Services LLC at 954-999-6125 for all your Sales, Rentals or Property Management services. We are licensed in real estate and property management and will buy or lease your property. Don’t delay, Call today 954-999-6125

My co-host today on this podcast is Trevor Evans.
Trevor is a Professional Speaker, Real Estate Investor, Retail Store Owner.
Speaker/Trainer for Rich Dad Education and Founder of Personal Awakening brand “Being Normal Sucks.”
Trevor has also been married for 19 years and have 2 beautiful daughters ages 22 and 18.

Bio: Coach Myrna Young –
Certified Professional Spiritual, Life and Executive Leadership
Coach, Motivational Speaker, Published Author, Realtor and Real Estate Investor
Past president and CEO of A Royal Livery Limousine Service, and Entrepreneur of the year, Myrna is now the President and CEO of MyHelps Consulting LLC. I am also married and the mother of 5 children. Myrna currently lives in South Florida.

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Show Notes:

• Topic: How to get started with real estate wholesaling
1. Question 1: Tell us of your path to becoming a Speaker/Trainer for Rich Dad Education.
2. Question 2, What do you feel is a step by step plan to becoming a Real Estate Wholesaler?

Step 1: Create a Database of buyers:
Contact local Rehabbers and Contractors and ask them what kind of properties they are looking for to rehab.
You can find them at your local Chamber of Commerce or your local REIA

Ask them these questions.
1. What kind of properties are they currently rehabbing?
2. Type of properties they like to work with Eg. Single family or multi family?
3. What are they certified to work on? Eg. Are they certified to work on burn down or water damaged properties?

Step 2: Put an AD on Craigslist
Ask the following questions when you get responses to your AD
1. Is the property listed with a Realtor?
2. Are you speaking with the owner of the property?
3. Is the property in Foreclosure, probate, bank owned, or free and clear
4. Does the property need rehab? If so what is the estimated cost of repair.

Step 3: Put together your power team which includes your Title and Escrow Agent.
If you structure your deals properly, you could use one escrow deposit for 10 properties!

Question 3. In our first episode you talk about process. You said that setting up a process prevents failure.
What is the process for the real estate Wholesaler?

Wholesaler Website: do you need one

My friends at Connected Investors wrote this article on Getting started with real estate Wholesaling.

Wholesaling is often touted as the easiest entry point into the world of investing in real estate. And financially speaking the barriers to entry are generally a lot lower, especially when compared to fix and flipping or buy and hold investing. Many experienced, professional investors have door-knocked and bandit-signed their way up the REI ladder without having more than a cell phone, gas money, and the will to WIN. read more …
http://connectedinvestors.com/blog/find-it/wholesaler-website/

• If you found this blog post inspiring, please Subscribe, Rate and Review this Podcast, then send me an email to info@myhelps.us with the subject line “podcast review” and I send you a free gift.

Free eBook: Wholesale Plan of Action Cheat Sheet

This cheat sheet was created by Trevor Evans and Myself and goes into further detail on the Wholesaling steps.

How to Unleash Your Inner Greatness

How to Unleash Your inner Greatness

This week on Mindset Transformation radio and podcast with coach Myrna, I interview Dr Donavan Outten, Dr Outten is going to share “How to unleash your inner greatness, so you can tap into the person God intended you to be.

But before I interview Dr Outten, I want to share with you coach Myrna’s Tip of the Week.

Tip of the week: Are you Desperate and Determined?

A few weeks ago, my pastor preached on the 3 D’s
Desperate, Determined and dependent!
You see the 3 D’s require a mindset shift.
We see numerous times in the bible when God promoted and elevated people who were either desperate, determined or dependent on him for victory.
We see that every miracle begins with a desperate problem.

Lets look at the story of Esther to illustrate.
The story begins with Ahasuerus, ruler of the Persian Empire, holding a lavish banquet, initially for his court and dignitaries and afterwards for all inhabitants of the capital city, Shushan.
On the seventh day, Ahasuerus orders the queen, Vashti, to come and display her beauty before the guests by wearing only her crown. She refuses. Furious, Ahasuerus has her removed from her position and makes arrangements to choose a new queen from a selection of beautiful young women from throughout the empire.
One of these is the Jewish orphan, Esther. After the death of her parents, she was fostered by her cousin, Mordecai. She finds favor in the King’s eyes, and is crowned his new queen.
Ahasuerus appoints Haman as his viceroy. Mordecai, who sits at the palace gates, falls into Haman’s disfavour, as he refuses to bow down to him. Having discovered that Mordecai is Jewish, Haman plans to kill not just Mordecai, but all the Jews in the empire.
As the story unfolds, Esther the Jewish orphan turned queen, used her place as queen to intercede with the King; her desperation made her risk death because it was against the law to present herself to the King unsummoned, as this was punishable by death.
Her determination, desperation and dependence on God, saved the Jews of the Persian Empire.

My Guest this week on Mindset Transformation Radio is Dr Donavan Outten.
Dr. Donavan Outten is a powerful trainer, consultant, educator and administrator with over 20 years’ experience. He is the Associate Vice President of Academic Affairs at Webster University.
Dr. Outten is a published author of 2 books, one of which is our topic today. Unleash your inner greatness: A guide to overcoming obstacles and Tapping into the person God meant you to be.
Dr Outten writes books to inspire and motivate individuals to achieve greatness in their lives.
His research focuses on developing young African American Students in higher education. He has also produced seminars, lectures, classes, assessments and workshops throughout the United States and Caribbean.
Dr. Outten earned his Doctorate degree in Educational Leadership from Nova.
Southeastern University, his Masters in Human Resource Development & Administration from Barry University and Bachelors in Psychology from Bethune Cookman University.

Show notes: How to Unleash Your inner Greatness: : A guide to overcoming obstacles and Tapping into the person God meant you to be.

Question 1. I know that Unleashing our inner greatness is your space. Can you tell our audience what does it mean to “Unleash Your Inner Greatness” and a little of why you chose this topic as the subject of your book.

Question 2. So what are some of the obstacles to unleashing our inner greatness?

Question 3. Where does the power of determination come from?
Question 4. How does an individual muster up enough strength to have such strong determination to finish a task or overcome a devastating life situation?
• Where do they find the courage to stand up for what they believe in or battle back from a medical condition that almost took their life?
• How does one leave a secure job to start a business that they are passionate about?
• What is the secret to obtaining determination and maintaining it over a period of time?
• What kinds of people have it, and what is determination?

Dr Outten says, “In my heart, I truly believe that determination is having the will to move forward in spite of what obstacle, barrier, or difficulty you might be facing. It is looking adversity in the face and not backing down, but pushing forward with tenacity.”

He feels that Self-determination starts on the inside. It is first a thought or a belief that you can or will succeed no matter the problem you have to face. You believe in yourself even when no one else does. That spells confidence, character, and courage.

Question 5. What are some other obstacles to unleashing our inner greatness?

Resilience: The path toward nurturing a resilient mindset and lifestyle is a road
that should not be taken lightly. This path has many bumps, twists, turns, and potholes
and is never straightforward. The road often contains obstacles and detours
that interfere with reaching your destination.

Passion: Your passion does not usually appear overnight. It has been dwelling
inside you for a long time. As a child, what were you passionate about? As a
teenager, what were you passionate about? As a young adult, what were you
passionate about? Often times, you will identify a pattern in what you are
passionate about. It is up to you to identify what it is and go after it.
When turning your passion into profit, you have to be careful and work smarter,
not harder. You will run into a lot of obstacles and need to face your fears, as
things probably won’t go as smoothly as you’d like them to go. It’s all a part of
the journey.

Destiny: Destiny can be referred to as a predetermined course of events. It may
be conceived as a predetermined future, whether in general or of an individual.
What you perceive your future to be will come to pass if you work for it, believe
in it, and live your life towards it.
What you have today does not reflect what you will obtain tomorrow. If you have
the capability of looking into your future and seeing what lies ahead, then all you
have to do is work towards your goal.
Walking towards your destiny is no easy task because you will have obstacles and
hurdles along the way. There will be road blocks that will make you think that
you are going down the wrong path, but you will need to have patience,
endurance, and faith. Your faith will play a big part in finding and fulfilling your
destiny; you will need to seek guidance from God.

Question 6. I know that you work predominately with the African American youth. What advice would you give them on being determined and staying the course?
You have to better than good, you have to be great.
You have to work twice as hard for the same opportunity as your white counterparts.

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Transform Your Mind with coach Myrna

5 Keys to a Successful Mission Driven Life or Business

Leadership is about using the most effective strategies to conquer obstacles while taking consistent steps to move forward when tackling your vision; whether that vision is within the workplace, as a leader of a business or personal leadership.

5 Keys to a Mission Driven Life and Business

Today on the Mindset Transformation radio show and podcast, we focus on Leadership; Keys to a successful mission driven life or business.

Success in life depends on what kind of a leader you are. You may say I am not a leader, I am not a manager or a CEO, true but self leadership is more important than how many people you lead in your home or place of work.

#coachMyrna Tip of the Week

Here are 5 Essential Disciplines for Self Leadership to Lead a Mission Driven Life:

Discipline #1 Accountability
You must learn to take full responsibility for everything on your watch. This means that the fish stinks from the head down!

Discipline # 2 Focus
As a Leader, you will wear many hats. Success comes from knowing where to focus your attention. Everything is important.
Acquiring the skill of discrimination allows the leader to discern what is most important and least important.

Discipline # 3 Organization
Organization is the skill through which chaos is turned into order.

Discipline # 4 Innovation
As a leader you will begin to consciously focus your attention and discriminate where the maximum leverage is.
You will recognize the need for continual improvement and for innovation in your processes.

Discipline # 5 Communication
The skill of communication is evident in how well you communicate your passion, vision, mission to your employees, customers and self

This week on the Mindset Transformation radio and podcast, I interview Business coach, Daphne Lynn Valcin
Daphne’s talks to us about the keys to a successful mission driven life or business.
Since 90% of startup businesses fail, Daphne believes that the quality of life and business leadership is at the root of success or failure.
She believes that leadership is about using the most effective strategies to conquer obstacles while taking consistent steps to move forward when tackling your vision, whether that vision is within the workplace, as a leader of a business or personal leadership.

Show notes:
. Daphne explains what is true leadership.
. What sets successful startup businesses apart from those that fail.
. How a business coach helps clients.
. What does a thriving business look like.
. What are some of the biggest mistakes companies do with their sales and marketing efforts.
. What are some of the characteristics of successful leaders.

Here are 11 strategies for effective leadership from Young Entrepreneur Council:

Leadership advice from Dale Carnegie

When managing my team, I use a tactic from Dale Carnegie: Think in terms of the other person’s wants. The goal is to align a team member’s natural talents and preferences with the company’s goals. What do they want? What motivates them? What do they like to do? Then manage them to reinforce what they want and how they can achieve those things through their work.

How to Program Yourself for Positive Change

How to Program Yourself for Positive Change

This week on Mindset Transformation radio, Coach Myrna interviews coach Dan Willms, Positive Change MBA professor. Out topic today is “How to Program yourself for positive change.

Before I introduce coach Dan Willms, Here is my tip of the week.

From the book Switch: How to change things when change is hard
by Chip Heath and Dan Heath

Here are the facts:

Change is a process

1: Change is usually a situation problem, and not a personal problem.
2: For anything to change, someone must behave differently.
3: To change someone behavior, you must change someone’s situation.
4: For change to stick you must influence the person’s heart and mind.

Here is the story of Arthur that I found on line to illustrate the above points.
Arthur was an airborne paratrooper. Jumping out of airplanes killed his knees, his back, his legs. When he got out of the army he walked with a cane and couldn’t do anything so he gained a lot of weight. He could not support his weight, so he couldn’t do traditional exercise. His health rapidly declined. The doctor at the VA clinic told him to accept his faith, that he would never walk normal again.

One day while surfing the internet, he came across Diamond Dallas Page doing yoga. He said to himself, I could do this. So He bought the DVD! He figured he could use his arm to support his weight and get a cardio workout. Arthur was 297 lbs when he started doing yoga.
When he started his yoga exercises, he kept falling down and falling down, but he kept getting back up again and again!
Every day he got better and better in 10 months he had lost over 100 lbs and could not only walk without a cane but he could run!!

Change is usually situational. Arthur had a situational problem.

Arthur taught himself to do yoga because he decided to take control of his life. He got his heart and mind in the game and changed the situation!

Change is a process.
To lead a process requires persistence. Arthur kept getting back up and trying again to do his exercises.

When a change starts, it builds on itself.
The better Arthur got at yoga, the more he was motivated to keep going.
Small changes can snowball.
Change rarely works unless it is motivated by feeling. Arthur wanted to feel better about himself so he made the hard choices.

That’s my tip of the week from coach. How to change when change is hard.
There can be nothing harder than trying to loose 100 lbs when you can’t use your legs but Arthur found a way and so can you.

Our guest today is coach Dan Willms and he is a positive change guru. This is his space.

Dan Willms is a Life & Business Coach, an MBA Professor, a facilitator for The Leadership Challenge, a writer and an International Speaker – he is also the creator of the Positive Change Workshop and facilitates his workshops in Portuguese, English & Spanish. He has facilitated more than 118 Positive Change Workshops. He loves helping people and organizations to achieve their fullest potential. He is the co-author of the book Strategic Leadership (Liderança Estratégica) and the author of the upcoming book “Positive Change – One life @ a time”.

Dan is also my partner, we do a video blog on YouTube every week called “You asked for it” where we answer questions sent in from our social media network. Like us on Facebook to become part of our community. Myrna Young Lifecoach and Dan Willms.

Show notes:
Question 1. Tell us about your journey to becoming a Life coach and an ambassador for positive change.
Question 2: What is The Positive Change?
Question 3: Tell me about your happiness labs, how does it work?
Question 4: : What were your findings on these labs from your sample size of 400 people?
Question 5: So, based on your labs, what would you say is the secret to happiness?
Question 6: Why do you think is there so much unhappiness in the world?

Coach Myrna and coach Dan, Why we repeat the past

How To Transform Behavior in the Workplace

How to Transform Behavior in the Workplace
How to Transform Behavior in the Workplace

Today on the Mindset Transformation radio show and podcast, I interview Gena Yuvette Davis, a board certified executive coach, corporate trainer and organizational development consultant. Gena is going to talk to us today on the topic “How to Transform Behavior in the Workplace”

In keeping with my custom, I would like to share with you my tip of the week from coach Myrna.
Since Gena is going to talk today on How to Transform Behavior in the workplace, I want to share “How to remove old conditioning in your personal life”.
How to Remove old conditioning:

The physical component of the mind body connection, is the brain.
The mind is the software and the physical brain is the hardware.
If your brain, the hardware, is stuck in old patterns, even with the best of intentions, the software, the mind, won’t work.
If you let your brain keep you repeating the same patterns, you become like a biological robot.
Your words thoughts and actions become totally predictable.
We are all victims of repetitive patterns.

To change the patterns that are not serving you, the solution is awareness.

Here are 5 habits that are usually automatic.

1: Snacking non – stop even when not hungry
2: Spending too much time on the couch watching TV
3: Overspending your way into debt
4: Eating too much fast foods
5: Skipping breakfast
6: Late night snacking
7: Smoking cigarettes

How can you bring awareness to these habits and interrupt your pattern?

Let’s look at.
Snacking non stop
– whenever you feel the need to grab that bag of chips, stop and ask yourself
What am I really needing?
What need is this food really filling?

The moment you take a moment to think about your action, you interrupt your pattern.
You are on your way to breaking that habit. Even if you still eat that bag of chips.
You are on to way to removing old conditioning. Awareness is the key.

Another way to remove old conditioning is to:

– change your state
Let’s say you are sitting on the couch and you reach for the bowl of nachos on the table or the bags of chips from our previous example.
Just as you think the thought to command your hands to reach for the bowl; Change your state!
Get up and walk to the bathroom or to the mailbox. Move your physical body into a different position.

The 3rd way you can remove old conditioning is to:

Create a new habit – rewire the physical component.
Let look at our example of skipping Breakfast.
Make it easy.
– buy a drinkable breakfast and grab it on the way out of the door.
– have your partner make you breakfast.
– prepare a sandwich the night before and eat on the way to work.
– set the alarm 15 mins earlier.

These are a few ways to remove old conditioning and transform behavior in your personal life.

• Guest Biography
• Gena Yuvette Davis is a board certified executive coach, corporate trainer and organizational development consultant who truly believes that the “magic comes from within!”

• Authentically committed to empowering and inspiring others to be their best selves, Gena specializes in working with clients from a variety of industries who are on the fast track to taking their careers to next level. She is also a change agent for organizations who wish to transform their companies into diverse, collaborative and thriving workforces. Her drive and energy is infectious as she is able to elevate her clients and help them live to their true potential.

• Gena’s coaching, training and consulting style is intuitive, always full of energy, and with a touch of gentle persistence! Knowing that the answers are already within, Gena’s job is simply to be the way-shower of what is already known to be true – “success attained.” She is dedicated to assisting individuals and organizations to achieve excellence in ways that support integrity and a collaborative spirit. In addition to executive coaching and training in the areas of emotional intelligence, leadership effectiveness, communication skills and reputation management, her work includes a variety of strategic consulting services such as strategic planning, change management, retreat planning and facilitation, employee engagement, team-building, as well as diversity and inclusion initiatives. Her focus is on developing collaborative processes and as a thinking partner to foster learning, dialogue, and innovation.

• Topic Discussion
• Topic: Best Practices to Transform Behavior In the Workplace

• 1) What is “Behavioral Transformation?”
• 2) Why is behavioral transformation so difficult?
• 3) What are the different communication and behavioral styles?
• 4) What are three best practices to behavioral transformation in the workplace
• 5) What can we do to be our own advocates for change?
• 6) Can we really transform our work environment through behavioral transformation? How?

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web: www.myrnayounghelps.com
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If you are interested in becoming a guest on the Mindset Transformation radio show and podcast email Coach Myrna Young @info@myhelps.us

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