You can learn more at CashFlowDepot

Besides all the online training (including videos and audios) which are
available 24/7 at CashFlowDepot, one of the things our members like
best is the ability to network with other members about how they are
finding deals.

On our forum and during our weekly conference calls, Members share
how they are finding deals and how they structure offers

When Chris Miller and I created CashFlowDepot we wanted to create an
atmosphere which is similar to the sharing that takes place during breaks
or after a live event. Many of our members have become close friends
and know they can pick up the phone to call other members for advice
anytime.

You can be part of the CashFlowDepot family by CLICKING HERE

As a CashFlowDepot member you'll get instant access to THREE online
seminars, reliable real estate training, plus special member discounts
throughout the year.... all for only $197 per year.

In FEAR BUSTER #8 the late, great Jack Miller shares his ideas for finding
affordable and feasible house deals:


FEAR BUSTER #8: NOT BEING ABLE TO FIND AFFORDABLE AND FEASIBLE HOUSES
Suppose I bet you $25,000 that you can't buy me a house that made sense;
either to fix up and sell, or to hold as a rental for long term appreciation and cash
flow.

How hard would you try to find one? Would you just give up and say it can't be done,
or would you be tempted to try some things you hadn't done before?

That isn't some idle offer on my part; it represents the profit that just one house
could bring if bought at the right price. If I paid you $25,000, in effect you'd be
making about the same money as if you'd found it for yourself. From my standpoint,
it would have cost me very little for you to do all the work and get all the profit, so it's
a safe bet.

When you convince yourself that you can't find a house that makes sense, it's
probably because you haven't really done all the grunt work that finding good deals
requires. I finance a number of people who make a pretty good living buying and
selling houses. On the average, they are buying and selling about one house per
month and earning about $25,000 net profit per house after all expenses of buying,
fixing, and selling it. Here are some of the ways they are finding houses:

1. They cooperate with a Broker who will actually present the offers they
make to sellers, regardless how far below the listed price.

2. They send out 40 letters each night to out of town owners whose
addresses they have obtained from the tax collectors office. In some areas these
can be bought on a CD and mail-merged into a standard format letter.

3. They pass out brochures and leave them on vacant and run down houses
advertising the fact that they pay cash for houses.

4. They pay about $100 per week to run multiple ads in the local throwaway
shopper's guides that can be found in grocery and convenience stores.

5. They cruise the neighborhoods looking for abused houses that might be
candidates for a blind purchase offer.

6. They network with other entrepreneurs and trade opportunities with
them. For example, they might give up an opportunity to buy a house that would
make a good rental in order to get a house that would be an ideal fix-up/sell
opportunity.

7. They attend each and every foreclosure sale noting which houses lenders
have taken back, and which sales have been put off. On delayed sales, they
contact the owners and mortgage holders to see if they can't either buy the
house, or buy the mortgage at a discount.

8. They stay in touch with the IRS collections office to see if there are any
IRS liens that they can buy with the intent to try to buy the house of the lien
homeowner.

9. They monitor all Unlawful Detainer actions in the court house to be able
to contact distressed landlords who might be ready to sell.

10. The stay in touch with builders to see if there is any chance to make a
deal on a slow-moving model home, or on a house that is being taken in on trade.

If, when you say that you can't find a feasible house to buy, how many of the
above things do you do on a continuous basis? Are you personally doing the work
to find a house, or are you relying on a real estate Broker to find one for you?

When you add 6% to the price of a house, that could be the marginal cost that makes
it unfeasible and unaffordable. When you use conventional financing, instead of seller
financing and taking title subject to existing loans, that too could be part of the problem.

Some final thoughts: If you lease/Option a house, then sub-let it until you can
sell it, how much money will it cost you? If you get the seller to co-venture the sale of
his house by agreeing to share profit with you for a quick sale; how much money will
that cost you? If you bring in an investor to put up enough money to make the house
cash flow, or to feed the negative cash flow; how money will that cost you.

When you say that there just aren't any houses that you can make money on in
your area, doesn't that mean that nobody is making money with houses? If someone
else is, then the problem is probably less a factor of your market not being any good,
and more a factor of your not trying hard enough, and not being able to structure a
deal that will enable you to make a profit. Give this some serious thought and see if
you can prove I'm wrong.

You can learn more at CashFlowDepot