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It’s official.

We are finally rolling out our Live WREIA meetings again – but we are keeping it small.

The WREIA professonionals who enjoy meeting each month (as we have for 20 years) are finally going to get a chance to see each other face-to-face again.

We announced the details at last nights April WREIA meeting.

You can catch the details at the the 41 minute mark in the YouTube replay from last night.

After getting the details if you are interested you can sign up for more details and to ask any questions until 11:30 tonight at this link. Just click the usual “Get Tickets” buttons and put yourself on the list for more details.

Remember – These Live meetings with the Team of ’23 are going to be IN ADDITION to our regular monthly online meetings. We will be doing both the free online meetings each month, and our new Team of ’23 live group.

The “Team of ’23” live meetings are for the members who want to be the first people with access to our in-office wholesale properties, live meetings with our network of resources, including professionals and trades people, as well as private phone or in-person meetings, and the benefits that come with surrounding yourself with DO’ERS in our local market.

Click the link – and grab a ticket for more information or to ask any questions.

These “more information” tickets will expire on May 18th at 11:30PM.

Thanks

John

CNBC’s Diana Olick joins ‘The Exchange’ to report on the mortgage rate tipping point.

The interesting point in this segment: The current interest rate is over 6% – but buyers say anything over 5.5% is too high.

The spring selling season is off to a fast start here in the DC area.

Let’s see where we go from here – but the current market is very positive for home sellers.

Join us Monday night for our April WREIA meeting where we will be going over the required skills to succeed as we enter a new era of business.

Join us Monday at 7PM.

The topic for WREIA this month is:

“Must Have Skills To Succeed in Real Estate”

Come join us!

My sole focus for the April 2023 WREIA meeting is:

Helping you develop or find the skills needed to succeed.

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the April 2023 meeting Monday at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

See you Monday!

In the clip below you will get a few early details about the new “Team of ’23” project we are working on here at Washington REIA Network.

We are casually referring to this new group within our office as the “Live WREIA” group.

First – It’s for people who want to get a little deeper on a local project and discover a few more details about the wholesale, renovation or rental market in our area.

Second – It’s for people who want to do more professional networking.

We are not looking for 23 wholesalers, or 23 agents, or 23 mortgage pro’s. We really want to make this a mix of every role within our business. A real “Team” that is built around helping each other and building each others business.

If you want to learn a little more – or even get on the list – send a quick text to 301-943-5535 or email me at ProfitableProperty@gmail.com .

Thanks again for joining us for the March WREIA meeting. Stay tuned as we ramp up for the opportunities ahead.

John

Monday February 20th – The second WREIA meeting of 2023.

Here are a few details we just posted on YT.

The topic for WREIA this month is:
“Finding the Perfect Property”

Come join us!

My sole focus for the February 2023 WREIA meeting is:
Find a Profitable Perfect Property

Spend a few moments with us at our next WREIA meeting Monday night- it could save you a fortune down the road.

See you Monday!

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the February 2023 meeting Monday at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

While real estate investing and buying a car may seem like two completely different things, they have more in common than you might think. Not long ago my son was looking at buying his first vehicle. His job was going well, and it was time to “graduate” into his first car that wasn’t from his parents or passed down from a relative. When we were talking over the holiday break about what type of car he was looking to buy it was pretty obvious he had learned a few things growing up working on some of my properties. First – he understood he had a budget. Just like buying a car, real estate investing requires setting a budget. You need to determine how much money you’re willing to invest in your property, and take into account additional costs like taxes, insurance, and repairs. Similarly, when buying a car, you need to consider your budget, and the costs associated with owning the car such as fuel, insurance, and maintenance. For some reason, and maybe because he was reading too many headlines, but he was very concerned about gas mileage. He wanted to make sure the car that he bought “got great mileage” because he likes to go on roadtrips on the weekend. Next – He did a lot of research. When it comes to buying a car, research is key. You need to know the type of car you want and the features you need. This is similar to researching the real estate market, where you need to look at the neighborhoods you’re interested in and research their property values, rental rates, and demand. Both require a significant amount of research to make an informed decision and find the best option for your needs. And this last one makes a father proud. Another way that real estate investing is like buying a car- remember the long-term costs. My son was quickly starting to realize that owning a car requires more than just the initial purchase price; you also need to factor in ongoing costs such as fuel, insurance, and maintenance. Similarly, owning a rental property requires ongoing hidden costs such as property taxes, maintenance, and insurance. By considering the long-term costs, you can ensure that you’re making a sound investment that aligns with your goals and budget. While real estate investing and buying a car may seem like two completely different things, they share many similarities. Both require a significant amount of research, careful consideration of the long-term costs, and a clear understanding of your goals and budget. By taking the time to make an informed decision, you can find the best option for your needs and make a sound investment. This month for our WREIA meeting we are going to walk through some real world budgets when it comes to fixing up and maintaining a property. Wholesaleing, fixing and flipping and buying rentals each requires a different level of financial commitment. And let me tell you – the budgets in 2023 are not the same as they were in 2003! Come join us Monday evening as we walk through a few real DC area properties that we just finished or are wrapping up now. Take a peak “under the hood” and maybe pick up a few items that will help you on your journey to your next property! It’s not easy. But it is very rewarding to walk away every month with a rental check, or walk away from settlement with a nice profit after fixing up a property. So – let’s find the perfect property for your situation at WREIA this month. Join us Monday night. The topic for WREIA this month is: “Finding the Perfect Property” Come join us! My sole focus for the February 2023 WREIA meeting is: Find a Profitable Perfect Property Spend a few moments with us at our next WREIA meeting Monday night- it could save you a fortune down the road. See you Monday! Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the February 2023 meeting Monday at 7PM. Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

Taking Action Is A Key To Success.

Real estate investing can seem daunting, especially for those just starting out. However, many successful investors have found success by starting small and focusing on meeting the needs of a specific niche of customers.

Here are three examples of real estate investors who did just that.

• Tim Herriage: Tim Herriage is the founder of the Texas-based company, HomeVestors, which specializes in buying and renovating distressed properties. Herriage started small, buying just a few properties at a time and focusing on meeting the needs of first-time homebuyers. He quickly realized that there was a large market for affordable, move-in ready homes, and he was able to grow his business by catering to that niche. Today, HomeVestors is one of the largest home-buying companies in the United States, with over 1,000 franchises nationwide.

• Ryan Pineda: Ryan Pineda is a real estate investor from California who specializes in buying and renting out single-family homes. He got his start by focusing on meeting the needs of college students and young professionals who were looking for affordable, off-campus housing. Pineda would buy properties in college towns and renovate them to create comfortable, modern living spaces that were perfect for his target market. By focusing on this niche, he was able to grow his portfolio to over 30 properties and create a steady stream of passive income.

• Sarah Thompson: Sarah Thompson is a real estate investor from New York who specializes in buying and flipping properties in up-and-coming neighborhoods. She got her start by focusing on meeting the needs of first-time homebuyers who were looking for affordable homes in neighborhoods that were on the rise. Thompson would buy properties in these neighborhoods, renovate them, and then sell them at a profit. By focusing on this niche, she was able to grow her business and establish herself as an expert in identifying and investing in up-and-coming neighborhoods.

These three investors all started small and focused on meeting the needs of a specific niche of customers. By doing so, they were able to grow their businesses and achieve success in the real estate industry. While their strategies may be different, they all share the same key trait: They found a specific market that was underserved, and then tailored their business to meet the needs of that market.

I few days ago we spent a few minutes talking about a report by the National Association of Realtors. Now would be a great time to visit or re-visit the report.

What special experience or talent do you have that would help benefit one of the profiles in the report?

A new real estate investor should start SMALL and focus on a specific target audience when they are first getting started. The NAR report will give you a roadmap on how to help those targeted buyers and sellers.

Join us TONIGHT!

The topic for WREIA this month is:

“Real Estate Investing For SMALL Investors”

Come join us!

My sole focus for the January 2023 WREIA meeting is:

Helping you build a solid 2023 foundation.

Spend a few moments with us at our next WREIA meeting Monday night– it could save you a fortune down the road.

See you this evening!

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the January 2023 meeting at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

Come join us!

My sole focus for the January 2023 WREIA meeting is:

Helping you build a solid 2023 foundation.

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the January 2023 meeting Monday at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

Taking Action Is A Key To Success.

We are open for business and will be having our next virtual WREIA meeting on Monday, January 23rd.

If you would like to join us grab a reservation at this link. The reservation is free and we use your email to send you a link prior to the meeting.

Grab your seat for the next WREIA meeting this Monday and be ready to grow your business.

Stay safe and stay healthy,

John Peterson

I get this question a lot.

John – where should I focus?

Or maybe the variation of “John, where would you focus if you had to start all over today?”

Real estate investing can be a great way to build wealth and generate income, but it can also be overwhelming for new investors.

New investors are on the right track by asking where to start.

It helps to start by looking for a market you can help or where you may have some experience or expertise.

There is a great report put out by the National Association of Realtors.

It’s over 140+ pages of insights into the size of niche markets, and more importantly it gives details on the pain points of very specific markets and why people are looking for new homes, or selling their existing property.

The Home Buyers and Sellers Generational Report is found by clicking here.

One of the keys to success in real estate investing is to focus on a specific target audience – or what we are referring to as starting SMALL.

By identifying a specific group of people with specific needs and wants, new investors can more easily find properties that will be in demand and generate a good return on investment.

One of the most important things for new investors to do is to identify a target audience that aligns with their personal interests and skills.

For example, some investors may want to focus on people looking for multigenerational homes. These homes are designed to accommodate multiple generations of families under one roof, and they are becoming increasingly popular as more families look for ways to live together while maintaining their independence.

Another target audience that new investors can focus on is people whose primary language is not English. These individuals may have specific needs and wants when it comes to real estate, and targeting this audience can help new investors find properties that are in high demand.

Veterans are another target audience that new investors can focus on. Veterans may have specific needs when it comes to real estate, such as accessibility features, and targeting this audience can help new investors find properties that are in high demand.

People moving from rentals to home ownership is another target audience that new investors can focus on. These individuals may have specific needs and wants when it comes to real estate, and targeting this audience can help new investors find properties that are in high demand.

Finally, senior living housing is a target audience that new investors can focus on. This can include properties that are specifically designed for seniors and those with mobility issues. These properties may have specific needs and wants when it comes to real estate, and targeting this audience can help new investors find properties that are in high demand.

A new real estate investor should start SMALL and focus on a specific target audience when they are first getting started. The NAR report will give you a roadmap on how to help those targeted buyers and sellers.

I hope the report can help you find properties that are in high demand and also generate a good return on investment.

By identifying a specific group of people with specific needs and wants, new investors can more easily find properties that will be in demand and generate a good return on investment.

It’s important to start with a desire to help people, but also choose a target audience that aligns with the investor’s personal interests and skills.

Let’s dig a little deeper on this topic on Monday night at our 2023 WREIA Kickoff meeting.

Join us Monday night!

The topic for WREIA this month is:

“Real Estate Investing For SMALL Investors”

Come join us!

My sole focus for the January 2023 WREIA meeting is:

Helping you build a solid 2023 foundation.

Spend a few moments with us at our next WREIA meeting Monday night- it could save you a fortune down the road.

See you Monday!

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the January 2023 meeting Monday at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)

Taking Action Is A Key To Success.

We are open for business and will be having our next virtual WREIA meeting on Monday, January 23rd.

If you would like to join us grab a reservation at this link. The reservation is free and we use your email to send you a link prior to the meeting.

Grab your seat for the next WREIA meeting this Monday and be ready to grow your business.

Stay safe and stay healthy,

John Peterson

Thanksgiving is an interesting time of year for me this year.

It will be a first without both of my parents.

Both of my kids are out of the house and starting to venture into college and the other is full-time adulting.

In other words, times have changed, and will continue to do so.

In the last few days, its becoming pretty obvious that there have been some big changes around my house.

When it comes to investing in real estate, big changes have taken place over the last few decades.

It’s very different today that it was even 5 years ago.

Competition is coming from bigger and bigger companies, but that leaves local investors with a distinct advantage.

And if you can point out those advantages when it comes to buying an investment property – you can leverage those right into a favorable contract and closing.

You don’t need to be a smooth talker or a master salesperson.

In fact, the more “normal” you are – the better.

What you do have to know how to do is “ask for the order”. In our case, you simply need to make an offer on a property.

And if you know how to do it, you can sometimes get real creative with how you pay for that property.

Not everyone wants, or needs a big check in 7 days.

Because every situation is different, you need to know how to and be able to position yourself as someone who can simply show up and get the job done.

That goes a long way these days.

Have you heard of all the people getting laid off across the country now, and even more are expected in the coming months?

It would be good if your relatives around the Thanksgiving table knew that you were someone who could help someone sell and exit their property with dignity, before they get too far behind in payments and potentially lose their home to foreclosure.

I’ll share a few things that you can pass on to family and friends that will help position yourself correctly over the Thanksgiving break.

Now – back to our WREIA topic this month – Round 2 Of “Financing In An Unstable Market”.

Whether you are buying your own personal home, or an investment property, you are going to have to show up on closing day with a check.

You have options on where that money comes from – and believe it or not, it does not always have to come from a bank or mortgage company.

If you have great income and great credit, you are not going to have much of a problem.

But for some of us – we need to find alternatives – because the easy money of the last few years is gone.

And alternatives are out there – and getting bigger by the day.

Interested?

Join me Monday night at WREIA and be ready for the coming changes in our DC area markets.

It’s a perfect time to be an investor – especially one that knows how to make deals happen.

Join us Monday night.

The topic for WREIA this month is:

“The Best Financing Strategies In An Unstable Market – Part 2“

That’s right. There is so much to talk about that we broke this meeting up into two parts. And we are going to send you into 2023 armed with a few negotiating tactics that will set you apart from the ever fewer number of retail buyers in this market.

Come join us!

My sole focus for the November 2022 WREIA meeting is:

Helping you make deals happen.

Spend a few moments with us at our next WREIA meeting Monday night– it could save you a fortune down the road.

See you Monday!

Guess what percentage of homes were bought and sold through the MLS system last year – 2021?

The answer is confusing to most beginner real estate investors.

Some people are quick to answer 100%.

And the seasoned investors know that is – of course – wrong.

92% of properties sold in 2021 were sold using a traditional agent/broker relationship.

There are close to 600 separate MLS systems across the United States. Brokers and agents list their properties on the local MLS who in turn shares that data with other local and national online portals like Zillow and Trulia.

So what happens to the other 8% of properties? How are they bought and sold?

Similar to buying and selling a car – you don’t have to go to the dealership. You can buy and sell a car directly to another person and sign the paperwork in the driveway.

Buying a home isn’t quite that simple, but it’s pretty close.

Seasoned investors know that many of their best deal are “off-market” and bought and sold directly with a homeowner – bypassing the MLS, broker and agent relationships.

Have you heard of “For Sale By Owner” or FSBO properties?

Of course you have. Most of those sellers try to sell a house directly so they can avoid paying a commission.

Guess how that works out?

On average, FSBO’s sell for about $39,000 LESS than an agent listed property.

So how does this tie into the assignment over the last few days?

If you remember – I asked our WREIA members to send in examples of good news and bad news headlines.

The results were interesting. I’m going to share some more results tomorrow and save the best for our WREIA meeting – of course.

I hope you set aside a few moments and join us. It helps if you grab a reservation here.

The market is going to get tricky over the next couple of years – especially if you are new to real estate.

We will share the results and wrap up this whole series with our September WREIA meeting tomorrow, Monday at 7PM.

Join us Monday night.

The topic for WREIA this month is:

“The Good, The Bad and Reality”

Come join us online again this month!

My sole focus for the September 2022 WREIA meeting is:

Helping you make sense of real estate right now.

Spend a few moments with us at our next WREIA meeting Monday night– it could save you a fortune down the road.

See you Monday!