How are you using your leverage?
Are you looking to find deals? As a scout or investor?
Then this is for you. Please respond ASAP.
I've had a surge in scouts wanting to work with me and
my investors. I also have a growing number of members who
are wanting to start working with scouts to find them deals.
So, I am working on a few ideas, to create win-win deals.
Please complete the following to learn more:
1) What is your experience in commercial investing?
2) Are you looking to get paid to find deals? Or are you
looking to have deals brought to you to buy? Please explain
in details what you are looking for.
3) What is your level of interest in personal networking
and working with scouts and investors to create win-win
deals? (ie local meetings, phone conference calls, etc)
4) What can you offer? (i.e. Experience on past closed deals
as a investor, scout, etc., Cash to be paired up, i.e. $100, $500
$5k-$50k, per scout/investor/deal etc, be specific
and give details.)
With my partner program, I created a powerful network, for
pay as you get paired and matched results, and am working on
something for scouts and investors as well now looking to
find and do deals, not as partners (although that is a possibility
of course), but in a scout/investor way.
For those who have been trying to get started as a scout and
those who are looking for deals, and to help grow my network
to find deals and better serve all members, I think this could
be even bigger than my partner program, those who reply will
be given more information. However, you must answer the above
questions, in detail and be specific, for my staff to be able
to process and help you as best as possible.
Saturday, October 15, 2011
Friday, October 7, 2011
Largest Real Estate Wholesalers in Tampa, FL
What's the number one thing that's holding you back
from making more moola in real estate TODAY?
I don't care what kind of real estate you do...
-short sales
-reo's (bank owned)
-real estate auctions
-wholesaling
-rehabbing
-residential
-commercial
Seriously, what is the #1 thing that's keeping you from
making more money today in real estate?
If you said money or capital you're just like everyone else.
Now I want you to Imagine instead of competiting for all
the smoking hot real estate deals, sitting back and letting
your competition bring the deals to you.
My good friend whose one of the largest wholesalers in
Tampa, FL recently figured out a way to do real estate
without ever having to...
-deal with unqualified buyers
-resistant realtors
-rehabs
-short sales
-difficult sellers
-repairs or rehab projects
The best part is, his competition brings him all the deals!
This is NOT some way of raising Private Money.
This is way easier than that.
Imagine how this has changed his life and could change yours.
Start earning $10k to $30k on each and EVERY Real Estate Deal
Yes there out there, you just need to know where to look!
If you'd like to start earning $10k to $30k (and more!) on
each and EVERY real estate deal -- in your spare time --
with NO cash or credit required…
I'm going to be interviewing a 16 year investor who's
gonna "spill the beans" on his secret one of a kind
system for printing as much Cash On Demand as
possible during this recession.
Here's a sneak peak of what he'll be covering...
** How to make HUGE profits using a little-unknown
niche in the marketplace.
** How to UNCOVER hidden value in properties that
most seasoned investors overlook.
** Insider SECRETS that the professionals use to
turn $15,000 profits into $50,000 profits and more.
** Hidden CASH producing secrets that will give you
multiple streams of income.
AND much, much more!
If you're an investor looking for a CONSISTENT source
of real estate leads, then this is a call you CAN NOT
afford to miss, especially if you want to survive this
recession.
How to get nice, pretty properties and cash in
Message body Would you like to know the "trick" to investing in real estate?
Buy low and sell high.
Yes, it really is that easy. And it's never been easier to buy
low than right now.
All you need is a system that will bring you a CONSISTENT
never ending source of HOT leads that virtually no one else
knows about and that you can rely on in any market to work
time and time again.
Electronics & Computers
And the BEST part is, you don't need any money or credit.
You really don't. I know that may seem impossible to believe,
but it's true.
Here’s just a small taste of what he'll be sharing…
- How to get nice, pretty properties that are in really good
shape and ready to sell now at 30% to 50% below market
value… AND have virtually NO competition!
- Why now is the time to get in on this amazing ground floor
opportunity and how working and mastering this ONE little-
known and misunderstood niche can make you a real estate
millionaire.
Buy low and sell high.
Yes, it really is that easy. And it's never been easier to buy
low than right now.
All you need is a system that will bring you a CONSISTENT
never ending source of HOT leads that virtually no one else
knows about and that you can rely on in any market to work
time and time again.
Electronics & Computers
And the BEST part is, you don't need any money or credit.
You really don't. I know that may seem impossible to believe,
but it's true.
Here’s just a small taste of what he'll be sharing…
- How to get nice, pretty properties that are in really good
shape and ready to sell now at 30% to 50% below market
value… AND have virtually NO competition!
- Why now is the time to get in on this amazing ground floor
opportunity and how working and mastering this ONE little-
known and misunderstood niche can make you a real estate
millionaire.
Massive Passive Real Estate Cashflow is Here
In fact, the simplest way to massive passive cashflow is
right in front of you...
... you see it everyday...
... you use it regularly ...
... and YOU help "THEM" make money!
So who is "THEM"?
Join us tomorrow for the FINAL encore presentation of this
week's training session to find out!
I learned the secrets of making passive income a couple
of years ago - and now it's time YOU learned them as well.
It's been around for hundreds of years, but only the wealthy
have been doing it to generate massive cashflow for their
families, without ever sharing their secrets!
Imagine being able to make thousands of dollars a month
without buying properties, signing on mortgages, having
good credit, and dealing with tenants!
right in front of you...
... you see it everyday...
... you use it regularly ...
... and YOU help "THEM" make money!
So who is "THEM"?
Join us tomorrow for the FINAL encore presentation of this
week's training session to find out!
I learned the secrets of making passive income a couple
of years ago - and now it's time YOU learned them as well.
It's been around for hundreds of years, but only the wealthy
have been doing it to generate massive cashflow for their
families, without ever sharing their secrets!
Imagine being able to make thousands of dollars a month
without buying properties, signing on mortgages, having
good credit, and dealing with tenants!
The Real Estate Market is HUGE - Demand is HIGH
A couple of years ago I was privy to information that only
the wealthy know about making money and now it's time
YOU learned as well
This little unknown method has been around for years and
they have been using it to generate massive wealth for their
families for generations.
The market is HUGE - demand is HIGH. And YOU can
profit by supplying that demand.
The BEST part is you can do this all...
- Without having to buy properties
- Without having to sign mortgages
- Without having good credit
- Without having to deal with tenants
This is THE SIMPLIST way to massive wealth and nothing
has the advantages that you'll get with this super secret
niche that has very little risk and lots of gain!
the wealthy know about making money and now it's time
YOU learned as well
This little unknown method has been around for years and
they have been using it to generate massive wealth for their
families for generations.
The market is HUGE - demand is HIGH. And YOU can
profit by supplying that demand.
The BEST part is you can do this all...
- Without having to buy properties
- Without having to sign mortgages
- Without having good credit
- Without having to deal with tenants
This is THE SIMPLIST way to massive wealth and nothing
has the advantages that you'll get with this super secret
niche that has very little risk and lots of gain!
EASIEST way to massive wealth
http://astore.amazon.com/thereaestin0e-20
I'm talking about the EASIEST way to massive wealth
that has been around for generations. It has very little
risk and lots of gain.
Very few people are privy to this kind of information, but
we want to share it with you today!
Here's just a few things you'll discover on the webinar...
- The 'Formula' to building wealth - and it does NOT involve
buying properties!
- How to get ALL the BEST benefits of property ownership
WITHOUT owning the property and WITHOUT the hassles
of it - and no, this is NOT lease options!
- The THREE things you need to always do with this
strategy to build LASTING wealth!
- Why anyone can do this, yes even YOU!
I'm talking about the EASIEST way to massive wealth
that has been around for generations. It has very little
risk and lots of gain.
Very few people are privy to this kind of information, but
we want to share it with you today!
Here's just a few things you'll discover on the webinar...
- The 'Formula' to building wealth - and it does NOT involve
buying properties!
- How to get ALL the BEST benefits of property ownership
WITHOUT owning the property and WITHOUT the hassles
of it - and no, this is NOT lease options!
- The THREE things you need to always do with this
strategy to build LASTING wealth!
- Why anyone can do this, yes even YOU!
Friday, September 9, 2011
Real Estate Investing in MOBILE HOMES
In the last couple of years, there has been a major paradigm shift in the way people think about the place they call home.
Previously, people bought houses, not just for a place to live, because they saw it as an investment which would hopefully go up in value. The objective was that they could make money when they sell their home then reinvest that money in a bigger and better house. The 'keep up with the Jones's' mentality was alive and well in America.
Others would used their home as an ATM machine and refinanced every time there was a little equity to pull out.
But things have changed - dramatically!
Millions of Americans have seen their dream turn in to a nightmare when the value of their home plummeted and they now owe more than the house is worse. Suddenly, Americans could no longer afford their home or their lifestyle.
Many million more have already lost their home to foreclosure.
But everyone must have somewhere to live and American's are rethinking what they really need in a place to live.
150 millions Americans no longer want the "old" American Dream which requires a mortgage payment for 30 years. They prefer the safety of a free and clear home or the flexibility of just renting so they are not tied down and can easily move from town to town for in search of work or safety.
Here's how it breaks down:
75 million thirty-something Americans, knows as the Echo Boomer generation, see a mortgage as a noose around their necks. They prefer to either rent or buy an affordable home which they can pay off in 3-5 years.
75 million Baby Boomers, those at or near retirement age, have seen the equity in their homes plummet and their hopes for a secure retirement vanish. This age group is downsizing in mass. Many are taking what little equity that's left in their homes and using that cash to buy a mobile home or smaller house.
Between the Echo Boomers and the Baby Boomers, that's 150 million Americans, or HALF of the population of the United States who have changed their strategies for where to live.
These uncertain times have created two big opportunities for you, the investor:
(1) MOBILE HOMES: Both the Echo and Baby Boomers are buying mobile homes to live in. Sales are way up. Mobile homes are often the most affordable place to live. In these tough economic times, people are willing to trade the fancy lifestyle for the security of knowing they have a place to live that is paid for. Many mobile home buyers are paying cash so they have no mortgage payment.
Others are attracted to mobile homes offered with seller financing because they can be paid off in 3-5 years. These buyers say they would never want to get stuck with a 30 year mortgage again.
People who had never considered living in a mobile home (and never been inside one) are pleasantly surprised at how spacious and well built mobile homes are.
(2) RENTAL PROPERTIES: Vacancy rates are way down for rental properties. Those millions of people who lost their home to foreclosure still have to live somewhere and most prefer to live in a house vs. an apartment. Many of these tenants have good jobs and good credit but simply stopped paying on a mortgage that was more than their house was worth. Many of my tenants were previous home owners who say that, "home ownership is way overrated" They don't want the responsibility for taxes, insurance, and maintenence. They want to rent a house or a mobile home.
The big advantage for renting a mobile home is they get 'more bang for their buck'. So demand for mobile home rentals is way up... especially doublewides on land.
Your customers have clearly changed what they want.
But....have you changed what you are providing for them?
You really need to learn about investing in mobile homes, both in parks and on land. That's where 150 million American's are looking for a home.
At the Ultimate Mobile Home Bootcamp in Norfolk Virginia October 29-31st you'll learn how to:
>> Find older mobile homes you can buy for less than $2000 then resell for $10,000 in days
>> Find mobile homes you can buy for $2000 then resell with seller financing, get $2000 down,
then payments of $300 per month for 5 years or more
>> Find 2,000sf 3 bedroom, 2 bath 5 year old doublewides on an acre of land that you can buy
for $25,000 then instantly resell for $90,000 cash or with seller financing or
>> Rent out the same home for $900 per month!
Mobile homes are where the ACTION IS!
With 150 million American's wanting mobile homes, you really need to learn how to capitalize on this business.
Previously, people bought houses, not just for a place to live, because they saw it as an investment which would hopefully go up in value. The objective was that they could make money when they sell their home then reinvest that money in a bigger and better house. The 'keep up with the Jones's' mentality was alive and well in America.
Others would used their home as an ATM machine and refinanced every time there was a little equity to pull out.
But things have changed - dramatically!
Millions of Americans have seen their dream turn in to a nightmare when the value of their home plummeted and they now owe more than the house is worse. Suddenly, Americans could no longer afford their home or their lifestyle.
Many million more have already lost their home to foreclosure.
But everyone must have somewhere to live and American's are rethinking what they really need in a place to live.
150 millions Americans no longer want the "old" American Dream which requires a mortgage payment for 30 years. They prefer the safety of a free and clear home or the flexibility of just renting so they are not tied down and can easily move from town to town for in search of work or safety.
Here's how it breaks down:
75 million thirty-something Americans, knows as the Echo Boomer generation, see a mortgage as a noose around their necks. They prefer to either rent or buy an affordable home which they can pay off in 3-5 years.
75 million Baby Boomers, those at or near retirement age, have seen the equity in their homes plummet and their hopes for a secure retirement vanish. This age group is downsizing in mass. Many are taking what little equity that's left in their homes and using that cash to buy a mobile home or smaller house.
Between the Echo Boomers and the Baby Boomers, that's 150 million Americans, or HALF of the population of the United States who have changed their strategies for where to live.
These uncertain times have created two big opportunities for you, the investor:
(1) MOBILE HOMES: Both the Echo and Baby Boomers are buying mobile homes to live in. Sales are way up. Mobile homes are often the most affordable place to live. In these tough economic times, people are willing to trade the fancy lifestyle for the security of knowing they have a place to live that is paid for. Many mobile home buyers are paying cash so they have no mortgage payment.
Others are attracted to mobile homes offered with seller financing because they can be paid off in 3-5 years. These buyers say they would never want to get stuck with a 30 year mortgage again.
People who had never considered living in a mobile home (and never been inside one) are pleasantly surprised at how spacious and well built mobile homes are.
(2) RENTAL PROPERTIES: Vacancy rates are way down for rental properties. Those millions of people who lost their home to foreclosure still have to live somewhere and most prefer to live in a house vs. an apartment. Many of these tenants have good jobs and good credit but simply stopped paying on a mortgage that was more than their house was worth. Many of my tenants were previous home owners who say that, "home ownership is way overrated" They don't want the responsibility for taxes, insurance, and maintenence. They want to rent a house or a mobile home.
The big advantage for renting a mobile home is they get 'more bang for their buck'. So demand for mobile home rentals is way up... especially doublewides on land.
Your customers have clearly changed what they want.
But....have you changed what you are providing for them?
You really need to learn about investing in mobile homes, both in parks and on land. That's where 150 million American's are looking for a home.
At the Ultimate Mobile Home Bootcamp in Norfolk Virginia October 29-31st you'll learn how to:
>> Find older mobile homes you can buy for less than $2000 then resell for $10,000 in days
>> Find mobile homes you can buy for $2000 then resell with seller financing, get $2000 down,
then payments of $300 per month for 5 years or more
>> Find 2,000sf 3 bedroom, 2 bath 5 year old doublewides on an acre of land that you can buy
for $25,000 then instantly resell for $90,000 cash or with seller financing or
>> Rent out the same home for $900 per month!
Mobile homes are where the ACTION IS!
With 150 million American's wanting mobile homes, you really need to learn how to capitalize on this business.
Tuesday, August 16, 2011
Real estate investing is your ticket to financial security
Real estate investing is your ticket to financial security. It does not take long to create enough cash flow to replace the income from your job or to supplement your retirement.
With traditional real estate (stick built homes), you usually have an underlying loan for 20 or 30 years. So, the difference between the payment you collect and the underlying loan is approximately $250 - $400
If the property is not occupied, you still are stuck with the underlying loan payment and that's what has caused so many investors to get into trouble in the last couple of years.
To buy traditional homes for investment, you either need to have a wade of cash, a lot of friends with deep pockets, negotiate to buy with seller financing, or get bank financing. If you can't do any of the above, it will hold you back from acquiring cash flowing properties.
But, what if there was no underlying loan? No loans are needed!
What if every home you own is free and clear? No underlying loan payments!
That's exactly what you can do with mobile homes.
You can acquire a 15 - 20 year old mobile home for less than $3000. Then you can resell in just a few days for $10,000 - $12,000 and get $2,000 to $3,000 down. That means that you get all, or most of, your cash back to reinvest in another home immediately, then another, then another.
Each mobile home will produce $250 - $400 per month in cash flow. But the big different is there is no underlying loan!!
If you don't have the $3,000 to get started, you can use an OPTION so control the property until you find a buyer - so you really don't need ANY cash to get started!!
We'll teach you how.
Mobile home investing is the closest thing to owning a money printing machine that exists!!
Because you are selling the home with seller financing, you have no maintenance, no taxes to pay, and no insurance. You are just the lender so you're not responsible for any of these expenses! No hassles!
With more than 10 million mobile homes in the United States, you'll never have a shortage of inventory to buy at deep discounts.
You really need to learn how to get in on the action with mobile home investing. Surprisingly, there's not much competition so it's easier than ever.
Join Lonnie Scruggs and his expert team at The Ultimate Mobile Home Bootcamp in Norfolk Virginia October 29-31 SEE DETAILS HERE
You'll learn everything, and I do mean everything, you need to get started and to go full time fast at the Ultimate Mobile Home Bootcamp - see the list of what you'll learn here.
You'll get all the paperwork you need so you can hit the ground running the day you get home.
You'll learn the newest tricks for finding great mobile home deals and even mobile home parks for sale with seller financing on the internet - with NO real estate agent involved.
Mobile home investing is a great way to start and to improve your real estate investment career and your cash flow.
To Your Real Estate Success,
Jackie Lange
P.S. I have personally done about 100 mobile home deals so I KNOW this works. Many of my students are also doing mobile home deals.
One guy is an airline pilot who works part time buying mobile homes and increases his cash flow $500 - $600 per month. How many other pilots are getting a $500 per month raise - every month?
Another lady in Texas focuses on mobile homes on land. She is generating $8,000 a month in cash flow and got there in less than 3 years. She will be at The Ultimate Mobile Home Bootcamp to share how she did it.
You'll hear how one guy bought a 55-space mobile home park with no money down and no payments for the first 5 years. You can do this too!
With traditional real estate (stick built homes), you usually have an underlying loan for 20 or 30 years. So, the difference between the payment you collect and the underlying loan is approximately $250 - $400
If the property is not occupied, you still are stuck with the underlying loan payment and that's what has caused so many investors to get into trouble in the last couple of years.
To buy traditional homes for investment, you either need to have a wade of cash, a lot of friends with deep pockets, negotiate to buy with seller financing, or get bank financing. If you can't do any of the above, it will hold you back from acquiring cash flowing properties.
But, what if there was no underlying loan? No loans are needed!
What if every home you own is free and clear? No underlying loan payments!
That's exactly what you can do with mobile homes.
You can acquire a 15 - 20 year old mobile home for less than $3000. Then you can resell in just a few days for $10,000 - $12,000 and get $2,000 to $3,000 down. That means that you get all, or most of, your cash back to reinvest in another home immediately, then another, then another.
Each mobile home will produce $250 - $400 per month in cash flow. But the big different is there is no underlying loan!!
If you don't have the $3,000 to get started, you can use an OPTION so control the property until you find a buyer - so you really don't need ANY cash to get started!!
We'll teach you how.
Mobile home investing is the closest thing to owning a money printing machine that exists!!
Because you are selling the home with seller financing, you have no maintenance, no taxes to pay, and no insurance. You are just the lender so you're not responsible for any of these expenses! No hassles!
With more than 10 million mobile homes in the United States, you'll never have a shortage of inventory to buy at deep discounts.
You really need to learn how to get in on the action with mobile home investing. Surprisingly, there's not much competition so it's easier than ever.
Join Lonnie Scruggs and his expert team at The Ultimate Mobile Home Bootcamp in Norfolk Virginia October 29-31 SEE DETAILS HERE
You'll learn everything, and I do mean everything, you need to get started and to go full time fast at the Ultimate Mobile Home Bootcamp - see the list of what you'll learn here.
You'll get all the paperwork you need so you can hit the ground running the day you get home.
You'll learn the newest tricks for finding great mobile home deals and even mobile home parks for sale with seller financing on the internet - with NO real estate agent involved.
Mobile home investing is a great way to start and to improve your real estate investment career and your cash flow.
To Your Real Estate Success,
Jackie Lange
P.S. I have personally done about 100 mobile home deals so I KNOW this works. Many of my students are also doing mobile home deals.
One guy is an airline pilot who works part time buying mobile homes and increases his cash flow $500 - $600 per month. How many other pilots are getting a $500 per month raise - every month?
Another lady in Texas focuses on mobile homes on land. She is generating $8,000 a month in cash flow and got there in less than 3 years. She will be at The Ultimate Mobile Home Bootcamp to share how she did it.
You'll hear how one guy bought a 55-space mobile home park with no money down and no payments for the first 5 years. You can do this too!
Friday, August 12, 2011
"How can you "sell" real estate if you don't own ( buy) it first? "
The question that comes up often at www.CashFlowDepot.com is "How can you "sell" real estate if you don't own ( buy) it first? "
Let me explain.
Think about this... when you BUY real estate you have to make monthly payments, pay interest
and principal, pay taxes and insurance, and pay the cost of upkeep.
There are benefits of buying real estate. You can rent it out and collect monthly cash flow. You
can sell with seller financing that wraps your underlying loan and get cash flow. If you buy right,
you can resell to make a nice profit.
At some point, the house will be paid for but even then you'll make payments every year to the
government for taxes. If you don't pay, you'll lose the house. So, in reality, you never really own
a house free and clear. Don't forget to add insurance to the costs too.
There are benefits to ownership as you can see, but there are risks and liabilities too.
If your real estate is rented or sold with seller financing and the tenant/buyer tears it up, then, as
the owner, you get the privilege of fixing it up (AGAIN) so it can be rented out or sold again. This
is usually a $5,000 - $10,000 expense.... Minimum.
If a someone gets hurt while at your property, you run the risk of a lawsuit.
I know an investor who rehabbed a house and two years later the buyer sued claiming it had foundation problems. The buyer's lender got a house inspection and foundation engineer report before they bought which said the house was in great condition. But the buyers still sued for $25,000 plus legal fees.
Just because you're right and just because you always do the right thing, it does not mean you won't get caught up in a lawsuit if you are the owner. The legal fees to get out of a frivolous lawsuit are always expensive... not to mention time consuming.
So, the question is how can you have all the benefits of ownership, like cash flow and profits and
appreciation ( equity), without the risks of ownership?
The simple answer ..... OPTIONS!
With options, you can have the advantages of owning real estate without actually buying.
With options, you can control real estate at a below market price then sell it for more to make
a nice profit.
With options, you can control future equity and appreciation.
And when you combine an option with a lease, you can get great cash flow for many years too.
What is a real estate option?
A real estate option gives you 'control' of a piece of real estate without buying it! By having an
option, you have the exclusive right to buy that property, or NOT buy. The choice (option) is yours.
It is an exclusive right. That means that NO ONE ELSE can buy or sell that particular property during the duration of our option. It can be a lot, a house, an apartment building, a mobile home, a warehouse, a farm, etc..
During your option period, the owner keeps paying all of the inherent costs of the property... mortgage payments, taxes, insurance, upkeep & maintenance.
During the option period you can sell the house. You are entitled to any monies received (profit) over your option strike price.
No one.. not even the owner or the property.. can 'buy' or 'sell' that property legally without first satisfying your option.
If the owner wanted to sell to someone else, they would have to pay you to release your option.
When you use an option, you are not buying real estate, you are buying the exclusive right to buy ( or not buy) that property. That means you also have the exclusive right to sell the property.
Using an option, you also have another advantage...
Instead of selling the real estate, you can sell your option for a quick profit. By doing so, you are selling your exclusive right to someone else and making a quick profit for yourself.
You can see why options were Jack Miller's favorite strategy!
In the coming weeks, I'll have many real examples of option deals. With today's uncertain economy, you'll soon see why OPTIONS are perhaps a better alternative than owning real estate.
Email to 950,000 investor-buyers who are looking for deals
I've been saying it for years... "He or she who has the largestbuyers list can make a ton of money as a real estate investor." As you know, deals are everywhere right now. They are very easy tofind. The key is being able to sell them... and to sell them quickly andeasily! This Tuesday, I will introduce you to a friend of mine who hasspent the last two years compiling a nationwide list ofinvestor-buyers who buy houses with cash. There are over 950,000 investor-buyers on this list... and they arebuying deals in almost every county of the United States! Every investor-buyer on this list has bought at least ONE deal fromanother investor within the last two years!
And they are lookingfor more deals... YOUR deals! Starting this Tuesday, you will be able to email any deal you findto this list of over 950,000 buyers! The name of the guy who compiled this list is, Josh. Josh specializes in flipping short sale and wholesale deals. He'sdone over 450 of these deals just in the last few years... earninghim millions of dollars! (He currently earns over one milliondollars per year.) In fact, on average, Josh is getting paid on a deal every 4 days...and this is because he has a massive list! (That he will allow youemail your deals to... without splitting the profits with him!) Josh tells me that once he sends a deal out to this huge list, itusually only takes him a few hours to sell it! Imagine sending one email to this list... and 3 hours later your deal issold... and you have back-up buyers, too! (That's how it works forJosh... and now it can work this way for you, too!) Josh is a pretty quiet guy... but I convinced Josh to get on awebinar with me this Tuesday where he will tell you all about hisbuyers list and how you can email your deals to it. (There will be2 webinars on Wednesday.) He will also teach you about his 33 distinct methods to find deals.Most are no money down techniques. After Tuesday's call, you can start out by using just one or twoof his 33 methods to find deals... and each time you find one... emailthat deal to his behemoth, responsive list... and you can get yourdeal sold in a matter of hours!
Here's what else Josh will share on the call... > Every once in a while, you may come across a deal that doesrequire some money down. When you come across one of those deals...Josh has another list that he calls his "money partners" who willlet you use their money to get the deal done. (Or you can partnerwith Josh on these deals, and he'll fund them for you, and splitthe profits with you 50-50.) > Josh will teach you what he calls "6 steps to $6K in 16 days." This is how he wholesales houses. It's simple. It's step-by-step.Anyone can do this from anywhere. You can even do this in yourspare time, if you have a full-time job. And, of course, the950,000 investor-buyers list LOVE wholesale deals and buy thesedeals fast! This is quick and easy money for you. > Josh has also discovered a way to sell your deals to "FHAbuyers" without any seasoning issues. He'll teach you about thison the webinar. >
Josh is now interested in doing deals with otherinvestor-partners around the country. He's got a very competentstaff and very efficient systems in place (that he will also teachyou about)... and he can easily handle additional deals. Josh callsthis his "Apprentice Partnering Program" and if the two of youpartner on a deal... you'll split it 50-50, but Josh and his team domost of the work. Sign-up for my webinar right now so you can start doing deals likeJosh (or with him)... and get access to his huge, responsive list ofover 950,000 investor-buyers who are buying deals today. (Manytimes within hours after the deal is submitted to the list.)
The best always, Dave P.S. If you have ANY deals right now that you need to sell, thenget on the webinar this Tuesday. Because on Wednesday, you can email your deal (or deals) to Josh's list of 950,000 investor buyers... and have them sold in a matter of hours. P.P.S. If you do NOT currently have any deals, then you should also get on the webinar because Josh will teach you 33 ways to finddeals FAST. Then each time you find a deal, email it to the950,000 list... and get paid FAST! (Or, simply partner with Josh ifyou want to.)
And they are lookingfor more deals... YOUR deals! Starting this Tuesday, you will be able to email any deal you findto this list of over 950,000 buyers! The name of the guy who compiled this list is, Josh. Josh specializes in flipping short sale and wholesale deals. He'sdone over 450 of these deals just in the last few years... earninghim millions of dollars! (He currently earns over one milliondollars per year.) In fact, on average, Josh is getting paid on a deal every 4 days...and this is because he has a massive list! (That he will allow youemail your deals to... without splitting the profits with him!) Josh tells me that once he sends a deal out to this huge list, itusually only takes him a few hours to sell it! Imagine sending one email to this list... and 3 hours later your deal issold... and you have back-up buyers, too! (That's how it works forJosh... and now it can work this way for you, too!) Josh is a pretty quiet guy... but I convinced Josh to get on awebinar with me this Tuesday where he will tell you all about hisbuyers list and how you can email your deals to it. (There will be2 webinars on Wednesday.) He will also teach you about his 33 distinct methods to find deals.Most are no money down techniques. After Tuesday's call, you can start out by using just one or twoof his 33 methods to find deals... and each time you find one... emailthat deal to his behemoth, responsive list... and you can get yourdeal sold in a matter of hours!
Here's what else Josh will share on the call... > Every once in a while, you may come across a deal that doesrequire some money down. When you come across one of those deals...Josh has another list that he calls his "money partners" who willlet you use their money to get the deal done. (Or you can partnerwith Josh on these deals, and he'll fund them for you, and splitthe profits with you 50-50.) > Josh will teach you what he calls "6 steps to $6K in 16 days." This is how he wholesales houses. It's simple. It's step-by-step.Anyone can do this from anywhere. You can even do this in yourspare time, if you have a full-time job. And, of course, the950,000 investor-buyers list LOVE wholesale deals and buy thesedeals fast! This is quick and easy money for you. > Josh has also discovered a way to sell your deals to "FHAbuyers" without any seasoning issues. He'll teach you about thison the webinar. >
Josh is now interested in doing deals with otherinvestor-partners around the country. He's got a very competentstaff and very efficient systems in place (that he will also teachyou about)... and he can easily handle additional deals. Josh callsthis his "Apprentice Partnering Program" and if the two of youpartner on a deal... you'll split it 50-50, but Josh and his team domost of the work. Sign-up for my webinar right now so you can start doing deals likeJosh (or with him)... and get access to his huge, responsive list ofover 950,000 investor-buyers who are buying deals today. (Manytimes within hours after the deal is submitted to the list.)
The best always, Dave P.S. If you have ANY deals right now that you need to sell, thenget on the webinar this Tuesday. Because on Wednesday, you can email your deal (or deals) to Josh's list of 950,000 investor buyers... and have them sold in a matter of hours. P.P.S. If you do NOT currently have any deals, then you should also get on the webinar because Josh will teach you 33 ways to finddeals FAST. Then each time you find a deal, email it to the950,000 list... and get paid FAST! (Or, simply partner with Josh ifyou want to.)
Friday, August 5, 2011
Doing Real Estate Deals
Let me ask you a question...
Do you know when to hold em and when to fold em?
Yes that is a poker reference but it applies to doing real estate
deals as well.
As a real estate investor, you have to make your peace with the
fact that most of your prospective deals will not ultimately turn
into cash. That is why we are always drumming it into your head -
"make offers, get leads, make offers, get leads" - on and on and
on. You may get tired of hearing it, but volume is the key to your
success. (Oh, and by the way, automation of the volume-producing
process is a great thing too, and we have a lot of training on that
as well!)
Do you know when to hold em and when to fold em?
Yes that is a poker reference but it applies to doing real estate
deals as well.
As a real estate investor, you have to make your peace with the
fact that most of your prospective deals will not ultimately turn
into cash. That is why we are always drumming it into your head -
"make offers, get leads, make offers, get leads" - on and on and
on. You may get tired of hearing it, but volume is the key to your
success. (Oh, and by the way, automation of the volume-producing
process is a great thing too, and we have a lot of training on that
as well!)
About Wholesaling
A Common Misconception About Wholesaling
When you think of wholesaling, it’s pretty likely
that you think of fast money, exciting flips and
beat-up, broken-down houses making you wealthy.
And that is great, because that is a lot of what
wholesaling is all about! However, I’m noticing that
as the housing market continues to present, well,
a bit of a challenge, a lot of the “gurus” out there
are busy telling their students that you just can’t
wholesale in today’s market. Now, there are a lot
of reasons that this is not true, but I do think that
this misconception runs deeper than just a “fear”
of the current economy. It is the result of an
oversimplification of the wholesaling process.
When you think of wholesaling, it’s pretty likely
that you think of fast money, exciting flips and
beat-up, broken-down houses making you wealthy.
And that is great, because that is a lot of what
wholesaling is all about! However, I’m noticing that
as the housing market continues to present, well,
a bit of a challenge, a lot of the “gurus” out there
are busy telling their students that you just can’t
wholesale in today’s market. Now, there are a lot
of reasons that this is not true, but I do think that
this misconception runs deeper than just a “fear”
of the current economy. It is the result of an
oversimplification of the wholesaling process.
Expert Real Estate Entrepreneur
# Asset Protection
# Buying & Selling
# Exchanging
# Financing
# Fixers & Flippers
# Foreclosures
# IRA-Roths
# Landlord Strategies
# Marketing
# Mobile Homes & Parks
# Negotiating
# Options & Leases
# Private Lenders
# Success Secrets
# Buying & Selling
# Exchanging
# Financing
# Fixers & Flippers
# Foreclosures
# IRA-Roths
# Landlord Strategies
# Marketing
# Mobile Homes & Parks
# Negotiating
# Options & Leases
# Private Lenders
# Success Secrets
Tuesday, August 2, 2011
To Your Real Estate Success,
Some of the most successful people I know have learned to tune out all the negative news reports and just stay focused on their objectives. Turning off the TV is a good way to start.
These are the same people who are had record profit years last year and are on track to exceed their objectives this year.
Like Jack Miller, they don't let negative new reports or out of control governments get in their way of extreme success. They actually USE these changes in the economy to their advantage and you can too!
Here's how you can do the same:
1. Set POWERFUL and ambitious goals
2. Write them down.
3. Think about and write down what your life will be like once you achieve your goals.
4. Set deadlines and milestones.
5. Take action
Set aside time this week to really think about what you want to achieve in the next year, 5 years, and 10 years.
Realize that if you don't DO something different now, then your life 5 to 10 years from now will look exactly like your life today. You have the power to change your life if you're willing to learn how.
If you really want to change your destiny then it will require time, energy, and effort today. You'll need to set aside time to work on your dream goals each week. You'll need to learn new skills to help you reach your goals ( we teach you how at CashFlowDept.com)
Unfortunately, it's not enough to just WANT change, it won't happen all by itself, it will require that you do something to make it happen.
In Jack Miller's lesson "Can People Do, Can't People Don't" he said:
I like to read books about the lives of successful people. In these books, I see the "rags to riches" pattern repeated over and over again. If we are to take any lessons from the lives of successful people such as Benjamin Franklin, Henry Ford or Bill Gates it's this: The yellow brick road to success starts with a person's dissatisfaction with some aspect of their life; followed by a desire to do something about it; coupled with the expectation that a change can actually be created to improve the situation. The success of this concept rests on the conviction that the change can actually be accomplished and that it will decrease dissatisfaction.
Perseverance and patience are the next attribute of successful people. They don't expect miracles. They do expect to be able to measure progress toward their objectives; and are willing to persist until they reached their ultimate goal. Think of the personal rag-to-riches history of anyone whom you regard as successful. Now, consider their background and the way they moved from where they started to where they are now. Compare their personal trek up the ladder of success with the attributes listed a few paragraphs back. Can you see the connection?
Now, by way of contrast, picture someone you know who somehow has failed to grasp the brass ring when it came around. How and why did they miss? Look again at the previously listed personal attributes. How many of these traits are missing in those who don't succeed? They might truly be dissatisfied with their lives and desire something better, but in their heart of hearts, they don't have the conviction that they can do anything about it. Unless a person really believes in what he or she is attempting to do, seeds of failure are sewn before they start out.
If one were to list failure-attributes, they'd include low expectations; disbelief and pessimism about the chances of doing anything that could make things better; plus an unwillingness to risk the disapproval of others for changing the status quo. For successful people, each obstacle overcome, or challenge met, builds self-confidence, for others, each concession to personal anxiety and each retreat from a potentially rewarding challenge steals a little bit of confidence. Where success becomes an exercise in synergism, failure is a vicious cycle that is hard to break. At some point, fear of failure overrides any promise of reward, and they just stop trying. The bright promise of a glowing future is replaced by a drab existence devoid of the satisfaction that only personal achievement can bring.
Sometimes it takes an external force to give a person the impetus to become an entrepreneur. As a youngster, I was pressured into trying to sell the Saturday Evening Post, a popular weekly magazine of the era. I'd knock on the door and say, "You don't want to buy a magazine do you?" The answer was invariably no! I quickly convinced myself that the problem wasn't with me, it was with what I was trying to do, and that being a salesperson was not a worthwhile calling. This prejudiced my attitude against direct sales for the next 30 years.
One day, without warning, I was fired from my secure job (dissatisfaction) and forced to become a salesman to support (expectation) my family. Then, without the luxury of being able to fail (conviction), I completely turned my attitude around. I discovered that perseverance and patience; a willingness to keep on trying without an immediate reward is crucial to achieving any goal. It takes time for a new enterprise to bear fruit. It's also helpful to have low expectations. In my personal transition from a salaried job into real estate sales, I gave myself six months to match 3 months expectations like a carrot in front of a donkey to motivate myself to keep the pressure on. Now I can't help trying to sell people things. Want to buy some books too?
Are you a CAN people? Let's see how much you can accomplish this year!!
To Your Real Estate Success,
These are the same people who are had record profit years last year and are on track to exceed their objectives this year.
Like Jack Miller, they don't let negative new reports or out of control governments get in their way of extreme success. They actually USE these changes in the economy to their advantage and you can too!
Here's how you can do the same:
1. Set POWERFUL and ambitious goals
2. Write them down.
3. Think about and write down what your life will be like once you achieve your goals.
4. Set deadlines and milestones.
5. Take action
Set aside time this week to really think about what you want to achieve in the next year, 5 years, and 10 years.
Realize that if you don't DO something different now, then your life 5 to 10 years from now will look exactly like your life today. You have the power to change your life if you're willing to learn how.
If you really want to change your destiny then it will require time, energy, and effort today. You'll need to set aside time to work on your dream goals each week. You'll need to learn new skills to help you reach your goals ( we teach you how at CashFlowDept.com)
Unfortunately, it's not enough to just WANT change, it won't happen all by itself, it will require that you do something to make it happen.
In Jack Miller's lesson "Can People Do, Can't People Don't" he said:
I like to read books about the lives of successful people. In these books, I see the "rags to riches" pattern repeated over and over again. If we are to take any lessons from the lives of successful people such as Benjamin Franklin, Henry Ford or Bill Gates it's this: The yellow brick road to success starts with a person's dissatisfaction with some aspect of their life; followed by a desire to do something about it; coupled with the expectation that a change can actually be created to improve the situation. The success of this concept rests on the conviction that the change can actually be accomplished and that it will decrease dissatisfaction.
Perseverance and patience are the next attribute of successful people. They don't expect miracles. They do expect to be able to measure progress toward their objectives; and are willing to persist until they reached their ultimate goal. Think of the personal rag-to-riches history of anyone whom you regard as successful. Now, consider their background and the way they moved from where they started to where they are now. Compare their personal trek up the ladder of success with the attributes listed a few paragraphs back. Can you see the connection?
Now, by way of contrast, picture someone you know who somehow has failed to grasp the brass ring when it came around. How and why did they miss? Look again at the previously listed personal attributes. How many of these traits are missing in those who don't succeed? They might truly be dissatisfied with their lives and desire something better, but in their heart of hearts, they don't have the conviction that they can do anything about it. Unless a person really believes in what he or she is attempting to do, seeds of failure are sewn before they start out.
If one were to list failure-attributes, they'd include low expectations; disbelief and pessimism about the chances of doing anything that could make things better; plus an unwillingness to risk the disapproval of others for changing the status quo. For successful people, each obstacle overcome, or challenge met, builds self-confidence, for others, each concession to personal anxiety and each retreat from a potentially rewarding challenge steals a little bit of confidence. Where success becomes an exercise in synergism, failure is a vicious cycle that is hard to break. At some point, fear of failure overrides any promise of reward, and they just stop trying. The bright promise of a glowing future is replaced by a drab existence devoid of the satisfaction that only personal achievement can bring.
Sometimes it takes an external force to give a person the impetus to become an entrepreneur. As a youngster, I was pressured into trying to sell the Saturday Evening Post, a popular weekly magazine of the era. I'd knock on the door and say, "You don't want to buy a magazine do you?" The answer was invariably no! I quickly convinced myself that the problem wasn't with me, it was with what I was trying to do, and that being a salesperson was not a worthwhile calling. This prejudiced my attitude against direct sales for the next 30 years.
One day, without warning, I was fired from my secure job (dissatisfaction) and forced to become a salesman to support (expectation) my family. Then, without the luxury of being able to fail (conviction), I completely turned my attitude around. I discovered that perseverance and patience; a willingness to keep on trying without an immediate reward is crucial to achieving any goal. It takes time for a new enterprise to bear fruit. It's also helpful to have low expectations. In my personal transition from a salaried job into real estate sales, I gave myself six months to match 3 months expectations like a carrot in front of a donkey to motivate myself to keep the pressure on. Now I can't help trying to sell people things. Want to buy some books too?
Are you a CAN people? Let's see how much you can accomplish this year!!
To Your Real Estate Success,
Wednesday, July 6, 2011
There is a NEW media available to Build a 'buyers list" in lightning speed
Have you ever heard this before, "The investors who control
the buyers control the money"?
In today's market, it's 12x more important to have BUYERS
than properties for sale.
So, how do you quickly gather qualified and interested
buyers, before your competition, in this over crowded
market?
The answer is very simple...
(brand new media
Jump ahead of all the noise and the competition.
Use a media they are not using.
Register for tonight's brand new training where we will show
you how to exploit this cutting edge strategy.
Remember when emailing was the new thing on the market, was
more effective and the most inexpensive way to go?
Now only 3% of the emails sent actually get read and are
often viewed by most people as spam.
There is a NEW media available that your competition doesn't
know about yet and right now you can use this new media to
grow your "buyers list" in lightening speed by delivering
the info they are looking for to a device they are always
on... and absolutely addicted to.
This is not Facebook, PPC or SEO or any of that stuff.
Show up tonight at 9:00 PM EST (6 PM PT) for this special
training webinar and we will show you how to take your
business MOBILE.
the buyers control the money"?
In today's market, it's 12x more important to have BUYERS
than properties for sale.
So, how do you quickly gather qualified and interested
buyers, before your competition, in this over crowded
market?
The answer is very simple...
(brand new media
Jump ahead of all the noise and the competition.
Use a media they are not using.
Register for tonight's brand new training where we will show
you how to exploit this cutting edge strategy.
Remember when emailing was the new thing on the market, was
more effective and the most inexpensive way to go?
Now only 3% of the emails sent actually get read and are
often viewed by most people as spam.
There is a NEW media available that your competition doesn't
know about yet and right now you can use this new media to
grow your "buyers list" in lightening speed by delivering
the info they are looking for to a device they are always
on... and absolutely addicted to.
This is not Facebook, PPC or SEO or any of that stuff.
Show up tonight at 9:00 PM EST (6 PM PT) for this special
training webinar and we will show you how to take your
business MOBILE.
Sunday, May 29, 2011
Beginner Book Real Estate
Some reasons why I love Real Estate Investing:
1.Banks love it and are willing to help finance the cost of purchasing the property so you can start with a small amount of money and still make money with the bank's money. This is the power of financial leverage.
1.There are many strategies that can be used ranging from short term to long term holding strategies. In addition unlike stocks which pay dividends only once or maximum twice a year, you can earn monthly rental each month from your property.
1.The Funds also invest in Real Estate so you can tell its lucrative. Blackstone Capital Real Estate division is another example of large money understanding the power of real estate.
1.Short of a war in a country, property values generally maintain their values even in downturns.
How can you be successful with real estate investing? The answer is to start small by purchasing your own home and then learning all you can about being a successful property owner then you can go and start acquiring larger and more elaborate real estate.
Most real estate investing gurus would say location, location and location is the key to any business or real estate that you purchase. I would agree with that statement as well.
his is a great book to use as a guide. Do you want to invest in the market while there is a need to help those who are loosing there homes then you as the beginner must buy this book. Get your copy here at msubevans@hotmail.com Only 19.99 Today!!
Place your order throught paypal.com
Revealed: Simple, Proven Powerful Strategies
On How To Generate You An Extra
$500.00 - $30,000.00 A Month!
You're About To Learn How
Wholesaing Real Estate Where
You Live can generate true Weath,
like my other sucessful students have...
"Learn Secrets That Most People Will NEVER Know About Real Estate Investing..."
Find Out Why THOUSANDS of People, All Over The World Are Hailing This
4 Reasons To Invest In Real Estate
1.You will earn a great income from the property This can cover the cost of your mortgage on the property and leave you some profit on top as well.
2.Fix the property then flip it for a profit. If you like renovating properties, you can buy run down homes, do them up and sell them at a profit. Some people make a full time living doing this. Also known as house flipping.
3.To keep and sell in the long term to enjoy money in retirement. This is how lots of people make it work –- having another property that is increasing in value can be ideal when it comes to financing your retirement in the future.
4.Investing in home upgrade is an investment that is not as volatile as the stock market. Property may not be as volatile as the stock market.
Sample EXECUTIVE SUMMARY:
subject line: (apartment to buy)
EXECUTIVE SUMMARY:
TYPE OF PROJECT: (from subject line)
SELLER'S NAME:
PHONE #:
and/or
BROKER'S NAME:
PHONE #:
PROPERTY NAME:
ADDRESS OF PROPERTY:
PROPERTY INFO:
year built:
number of units:
unit mix:
with rent/unit:
and sqft:
PROPERTY VALUE:
PURCHASE PRICE:
MTG BALANCE:
ASSUMABLE?
YES OR NO:
SELLER CARRY BACK?
If yes, amount:
GROSS INCOME:
EXPENSE:
NET INCOME:
OCCUPANCY RATE:
CAPITALIZATION RATE:
PACKAGE AVAILABLE?:
1.Banks love it and are willing to help finance the cost of purchasing the property so you can start with a small amount of money and still make money with the bank's money. This is the power of financial leverage.
1.There are many strategies that can be used ranging from short term to long term holding strategies. In addition unlike stocks which pay dividends only once or maximum twice a year, you can earn monthly rental each month from your property.
1.The Funds also invest in Real Estate so you can tell its lucrative. Blackstone Capital Real Estate division is another example of large money understanding the power of real estate.
1.Short of a war in a country, property values generally maintain their values even in downturns.
How can you be successful with real estate investing? The answer is to start small by purchasing your own home and then learning all you can about being a successful property owner then you can go and start acquiring larger and more elaborate real estate.
Most real estate investing gurus would say location, location and location is the key to any business or real estate that you purchase. I would agree with that statement as well.
his is a great book to use as a guide. Do you want to invest in the market while there is a need to help those who are loosing there homes then you as the beginner must buy this book. Get your copy here at msubevans@hotmail.com Only 19.99 Today!!
Place your order throught paypal.com
Revealed: Simple, Proven Powerful Strategies
On How To Generate You An Extra
$500.00 - $30,000.00 A Month!
You're About To Learn How
Wholesaing Real Estate Where
You Live can generate true Weath,
like my other sucessful students have...
"Learn Secrets That Most People Will NEVER Know About Real Estate Investing..."
Find Out Why THOUSANDS of People, All Over The World Are Hailing This
4 Reasons To Invest In Real Estate
1.You will earn a great income from the property This can cover the cost of your mortgage on the property and leave you some profit on top as well.
2.Fix the property then flip it for a profit. If you like renovating properties, you can buy run down homes, do them up and sell them at a profit. Some people make a full time living doing this. Also known as house flipping.
3.To keep and sell in the long term to enjoy money in retirement. This is how lots of people make it work –- having another property that is increasing in value can be ideal when it comes to financing your retirement in the future.
4.Investing in home upgrade is an investment that is not as volatile as the stock market. Property may not be as volatile as the stock market.
Sample EXECUTIVE SUMMARY:
subject line: (apartment to buy)
EXECUTIVE SUMMARY:
TYPE OF PROJECT: (from subject line)
SELLER'S NAME:
PHONE #:
and/or
BROKER'S NAME:
PHONE #:
PROPERTY NAME:
ADDRESS OF PROPERTY:
PROPERTY INFO:
year built:
number of units:
unit mix:
with rent/unit:
and sqft:
PROPERTY VALUE:
PURCHASE PRICE:
MTG BALANCE:
ASSUMABLE?
YES OR NO:
SELLER CARRY BACK?
If yes, amount:
GROSS INCOME:
EXPENSE:
NET INCOME:
OCCUPANCY RATE:
CAPITALIZATION RATE:
PACKAGE AVAILABLE?:
Flip This House "fixer-upper."
The first thing you should do is to go through the property and determine what needs to go. Undoubtedly, there will be various pieces of furniture or other items around the house you may want to clear out. Get rid of anything that isn't working properly, or anything you think "doesn't quite fit" with the rest of the house. You may choose to leave carpeting for a while, even if you aren't its biggest fan; if you plan on doing any painting, old carpet can serve as the perfect plan.
Home renovations are very important if you are in the business of making profits, so let's overview some of the key points that can help you in your ventures. Making a fortune in the real estate business may not be as hard as you think. I want to talk to you about a friend of mine that managed to make quite a huge amount of cash from flipping houses. This friend of mine made his first move by buying a HUD repo and this way, he did not have to put some money down in order to get into the house. He did all the repairs necessary and then he sold the house for a profit. He used all the money made from his first flipping job to buy a second house that was in need of repairs and of a good seller. With the money made from the second flipping job, he managed to get on with his third project of this type. And the money he made was not pocket change!
You may think that my friend spend a lot of time with all this buying, repairing and selling. Well, you may think again, because before one year passed, my friend already had bought, repaired and sold the forth house!
Let me share you some of my friend's secrets that led him to success. When he went hunting for houses for a flipping job, he carefully chose only houses that needed minor repairs here and there and totally avoided houses in need of complicated structural repairs. He took care of the small repairs himself, like painting, lighting, plumbing and carpeting. When he finished, he was ready to sell the house and he did, for a nice profit that guaranteed him the next step in the business.
You may have heard many people talking about flipping houses, so you did not know what to believe. Some say that making money this way is almost impossible, that you must have quite a load of cash to start. Ignore these comments. There are opportunities to buy houses for flipping without putting money down, through loan programs or with the help of sellers that can lend you the money for the closing costs.
Home renovations are very important if you are in the business of making profits, so let's overview some of the key points that can help you in your ventures. Making a fortune in the real estate business may not be as hard as you think. I want to talk to you about a friend of mine that managed to make quite a huge amount of cash from flipping houses. This friend of mine made his first move by buying a HUD repo and this way, he did not have to put some money down in order to get into the house. He did all the repairs necessary and then he sold the house for a profit. He used all the money made from his first flipping job to buy a second house that was in need of repairs and of a good seller. With the money made from the second flipping job, he managed to get on with his third project of this type. And the money he made was not pocket change!
You may think that my friend spend a lot of time with all this buying, repairing and selling. Well, you may think again, because before one year passed, my friend already had bought, repaired and sold the forth house!
Let me share you some of my friend's secrets that led him to success. When he went hunting for houses for a flipping job, he carefully chose only houses that needed minor repairs here and there and totally avoided houses in need of complicated structural repairs. He took care of the small repairs himself, like painting, lighting, plumbing and carpeting. When he finished, he was ready to sell the house and he did, for a nice profit that guaranteed him the next step in the business.
You may have heard many people talking about flipping houses, so you did not know what to believe. Some say that making money this way is almost impossible, that you must have quite a load of cash to start. Ignore these comments. There are opportunities to buy houses for flipping without putting money down, through loan programs or with the help of sellers that can lend you the money for the closing costs.
What is a Roth IRA?
The Roth IRA came into existence in 1998 and is named after the late Senator William V. Roth, Jr. The chief advantage of a Roth IRA is obvious. Although there is no deferral of taxes on the money originally invested in a Roth IRA, as in other IRAs, all income earned by the investments in a Roth account is tax free when it is withdrawn. Another benefit is that you are not required to take distributions beginning at age 70 1/2 as with other accounts, so if you don't need the money to live on, it can continue growing and earning for you tax free. Also, a Roth IRA makes it easier in some cases to take early withdrawals without penalties compared to other retirement accounts.
But what does this have to do with real estate? You accountant or stock broker probably did not tell you this, but you can actually buy real estate, tax certificates and even mortgages and notes in your IRA! This is a great way to supercharge your retirement investments.
If you call your local stockbroker and tell them you want to buy real estate in your IRA, he will probably tell you that it's not possible and will try to steer you away from such an idea, because he will not make a commission. The key to investing in real estate with your IRA account is going through a special custodian that offers it.
But what does this have to do with real estate? You accountant or stock broker probably did not tell you this, but you can actually buy real estate, tax certificates and even mortgages and notes in your IRA! This is a great way to supercharge your retirement investments.
If you call your local stockbroker and tell them you want to buy real estate in your IRA, he will probably tell you that it's not possible and will try to steer you away from such an idea, because he will not make a commission. The key to investing in real estate with your IRA account is going through a special custodian that offers it.
Tax Lien and Tax Deed Investing
What are tax liens and tax deeds?
Click edit above to add content to this empty capsule.
•You can make double-digit returns on your money with low risk and low maintenance
•Enjoy safe and passive cash flow
•Not subject to government interest rate changes
•Property tax lien is secured to real property as a first priority lien at a fraction of its market value
•Low investment needed. Tax liens can be purchased for as little as a couple hundred dollars - if that much.
Background: What are tax liens and tax deeds?
When property owners don't pay their property taxes, they become delinquent. There are over 3,000 counties in the United States and the tax collector for each county is primarily responsible to collect the unpaid taxes through a process by selling, at public auction, either a Tax Lien Certificate or a Tax Deed, depending on the state the property resides in.
Tax Liens vs. Tax Deeds: What's the difference?
The difference between these two types of processes is the "bundle of rights" sold to the purchaser.
Tax Deed States: If the taxes are not paid, the county will sell full ownership and possession rights to the investor at a public foreclosure auction or later assignment process. The property is sold for the unpaid taxes plus any fees, interest charges, and court costs. Since the unpaid property taxes are usually a small percentage of property's market value, perhaps less than 10%, you, as a tax deed investor, can buy full property rights at a fraction of the market value. You need to be aware of any redemption periods some states give the delinquent property tax owner.
Tax Lien States: The county auctions off just the right to the tax lien or tax claim on the property, not the property itself. This lien is an encumbrance or enforcement right held by the county.
As an investor, the tax lien certificate you buy gives you two important rights:
[1] The right to receive interest penalty charges if the lien is paid off by the property owner and
[2] The right to foreclose the tax lien and take title to the property if the lien is not paid by the redemption period.
A nice feature of the tax lien is that it is a "high priority lien," i.e., this lien comes before judgment liens, mortgage liens, trust deeds and other private liens.
The interest penalty income can be substantial, depending on the state.
Here's a few examples of the interest income you can earn:
Arizona: 16%
Florida: 18%
Illinois: 18%
Iowa: 24% Kentucky: 12%
Mississippi: 18%
Nebraska: 14%
New Jersey: 18%
Ohio: 18%
Wyoming: 15%
Not too shabby!
Click edit above to add content to this empty capsule.
•You can make double-digit returns on your money with low risk and low maintenance
•Enjoy safe and passive cash flow
•Not subject to government interest rate changes
•Property tax lien is secured to real property as a first priority lien at a fraction of its market value
•Low investment needed. Tax liens can be purchased for as little as a couple hundred dollars - if that much.
Background: What are tax liens and tax deeds?
When property owners don't pay their property taxes, they become delinquent. There are over 3,000 counties in the United States and the tax collector for each county is primarily responsible to collect the unpaid taxes through a process by selling, at public auction, either a Tax Lien Certificate or a Tax Deed, depending on the state the property resides in.
Tax Liens vs. Tax Deeds: What's the difference?
The difference between these two types of processes is the "bundle of rights" sold to the purchaser.
Tax Deed States: If the taxes are not paid, the county will sell full ownership and possession rights to the investor at a public foreclosure auction or later assignment process. The property is sold for the unpaid taxes plus any fees, interest charges, and court costs. Since the unpaid property taxes are usually a small percentage of property's market value, perhaps less than 10%, you, as a tax deed investor, can buy full property rights at a fraction of the market value. You need to be aware of any redemption periods some states give the delinquent property tax owner.
Tax Lien States: The county auctions off just the right to the tax lien or tax claim on the property, not the property itself. This lien is an encumbrance or enforcement right held by the county.
As an investor, the tax lien certificate you buy gives you two important rights:
[1] The right to receive interest penalty charges if the lien is paid off by the property owner and
[2] The right to foreclose the tax lien and take title to the property if the lien is not paid by the redemption period.
A nice feature of the tax lien is that it is a "high priority lien," i.e., this lien comes before judgment liens, mortgage liens, trust deeds and other private liens.
The interest penalty income can be substantial, depending on the state.
Here's a few examples of the interest income you can earn:
Arizona: 16%
Florida: 18%
Illinois: 18%
Iowa: 24% Kentucky: 12%
Mississippi: 18%
Nebraska: 14%
New Jersey: 18%
Ohio: 18%
Wyoming: 15%
Not too shabby!
Sunday, April 24, 2011
4 Reasons To Invest In Real Estate
1. You will earn a great income from the property This can cover the cost of your mortgage on the property and leave you some profit on top as well.
2. Fix the property then flip it for a profit. If you like renovating properties, you can buy run down homes, do them up and sell them at a profit. Some people make a full time living doing this. Also known as house flipping.
3. To keep and sell in the long term to enjoy money in retirement. This is how lots of people make it work –- having another property that is increasing in value can be ideal when it comes to financing your retirement in the future.
4. Investing in home upgrade is an investment that is not as volatile as the stock market. Property may not be as volatile as the stock market.
2. Fix the property then flip it for a profit. If you like renovating properties, you can buy run down homes, do them up and sell them at a profit. Some people make a full time living doing this. Also known as house flipping.
3. To keep and sell in the long term to enjoy money in retirement. This is how lots of people make it work –- having another property that is increasing in value can be ideal when it comes to financing your retirement in the future.
4. Investing in home upgrade is an investment that is not as volatile as the stock market. Property may not be as volatile as the stock market.
Monday, February 28, 2011
KEY INGREDIENTS for Private hard money funding
Getting your deals DONE means understanding the KEY
INGREDIENTS of private hard money funding.
It's like baking a cake. You can't leave any of
the ingredients out, or it just FALLS FLAT.
When it comes to private hard money loans, one
of the KEY INGREDIENTS is LTV (loan to value).
It may be the most mis-understood term of all when
it comes to private hard money funding.
Private hard money lenders contact us every day and
here's how one of the lenders describes it:
"Hard money lenders are most concerned with
Loan-to-Value or LTV ratio and typically lend a
maximum of 60-65% of the value of the property.
Value is defined as 'today's sales price, the amount a
hard money lender could expect to realize from
the sale of the loan collateral/property in the
event that the borrower defaults and the
property would be sold in a 1-4 months' time.
This 'value' differs from an MAI appraised value."
Note the VALUE is a price the lender would feel
comfortable with if the borrower defaulted and they had to
sell the property within 1-4 months time. So,
they lend 60%-65% of THAT value, which means you
need to find properties with LOW LTV.
So, you find a property that has a QSV of $200,000.
The lender will loan you 60% to 65% of that VALUE,
which in this example woud be $120,000 to $140,000.
Notice that is not the "appraised value". "Appraised values"
are sometimes significantly higher. The same property
may have an "appraised value" of $250,000 based
on comps. Knock of 20% of the "appraised value" to
arrive at the QSV (quick sale value). In other words,
at that price the property would easily sell within
1-4 months.
The GOOD NEWS is that there are PLENTY of those
GREAT LOW LTV properties available. And you can
be making great profits by concentrating on those
properties.
When you're not doing it this way, you are swimming
upstream. Instead, buy RIGHT. You LOCK IN profits
when you BUY not when you SELL. Your deals are easier to
fund because they have LESS RISK. The properties
move faster on the market. They attract more interest
from homebuyers because you don't have to ask for
"TOP DOLLAR" to make money. Buyer's are able to
get better loans from conventional mortgage lenders who
get the LTV they are looking for. The buyer gets
a better interest rate. And because the LTV is
LOW, the lender may not mind if you do a partial
"seller carry back" because the combined
LTV is still low. Many investors have become
VERY WEALTHY holding seller financed notes, that
they can also use to CROSS-COLLATERALIZE other
private hard money deals and put "skin in the game"
that way, instead of cash.
You just have FAR MORE flexibility when you
PAY ATTENTION to the FUNDAMENTAL of LOW LTV.
Private hard money lenders care little about your
credit rating. Many of them don't even care if you've
been bankrupt or had a foreclosure. But they DO CARE
about the Quick Sale Value of the property.
You give yourself the EDGE when you DO THE DEAL
CORRECTLY. You have a property that PRIVATE MONEY
LENDERS want to fund. You get a reputation for
putting together SOLID DEALS.
The Ultimate REO Report makes it easy to find these
types of LOW LTV DEALS. Don't settle for "so so"
deals. Not in today's market. You can cherry-pick.
Once you have that SOLID DEAL--do your LOAN PACKAGE
correctly. The Hard Money Loan Blueprint shows
you how, step by step, so you can THINK like a
private hard money lender and know that your
LOAN PACKAGE is complete.
Did you know that there is a 100% purchase lender for deals
in all 50 states when you have a BUYER READY TO GO?
And it doesn't matter whether it is a property
under contract or you have an option. The deal
can be funded 100% in a back to back closing with the
loan fees rolled into the loan.
(Details below about how you can watch a special
1 hour webinar conducted by this lender who is
one of the 300 lenders in the 2011 Private Money Lenders
Source. )
The 2011 Private Money Lenders Source has the 300 TOP
private hard money lenders who loan on residential
and commercial investment property, nationally,
regionally, and locally. Each lender has unique
lending programs and you can read about the
programs to help you choose the right lenders to
submit your deals. You get to deal direct with
the lenders and we show you how.
INGREDIENTS of private hard money funding.
It's like baking a cake. You can't leave any of
the ingredients out, or it just FALLS FLAT.
When it comes to private hard money loans, one
of the KEY INGREDIENTS is LTV (loan to value).
It may be the most mis-understood term of all when
it comes to private hard money funding.
Private hard money lenders contact us every day and
here's how one of the lenders describes it:
"Hard money lenders are most concerned with
Loan-to-Value or LTV ratio and typically lend a
maximum of 60-65% of the value of the property.
Value is defined as 'today's sales price, the amount a
hard money lender could expect to realize from
the sale of the loan collateral/property in the
event that the borrower defaults and the
property would be sold in a 1-4 months' time.
This 'value' differs from an MAI appraised value."
Note the VALUE is a price the lender would feel
comfortable with if the borrower defaulted and they had to
sell the property within 1-4 months time. So,
they lend 60%-65% of THAT value, which means you
need to find properties with LOW LTV.
So, you find a property that has a QSV of $200,000.
The lender will loan you 60% to 65% of that VALUE,
which in this example woud be $120,000 to $140,000.
Notice that is not the "appraised value". "Appraised values"
are sometimes significantly higher. The same property
may have an "appraised value" of $250,000 based
on comps. Knock of 20% of the "appraised value" to
arrive at the QSV (quick sale value). In other words,
at that price the property would easily sell within
1-4 months.
The GOOD NEWS is that there are PLENTY of those
GREAT LOW LTV properties available. And you can
be making great profits by concentrating on those
properties.
When you're not doing it this way, you are swimming
upstream. Instead, buy RIGHT. You LOCK IN profits
when you BUY not when you SELL. Your deals are easier to
fund because they have LESS RISK. The properties
move faster on the market. They attract more interest
from homebuyers because you don't have to ask for
"TOP DOLLAR" to make money. Buyer's are able to
get better loans from conventional mortgage lenders who
get the LTV they are looking for. The buyer gets
a better interest rate. And because the LTV is
LOW, the lender may not mind if you do a partial
"seller carry back" because the combined
LTV is still low. Many investors have become
VERY WEALTHY holding seller financed notes, that
they can also use to CROSS-COLLATERALIZE other
private hard money deals and put "skin in the game"
that way, instead of cash.
You just have FAR MORE flexibility when you
PAY ATTENTION to the FUNDAMENTAL of LOW LTV.
Private hard money lenders care little about your
credit rating. Many of them don't even care if you've
been bankrupt or had a foreclosure. But they DO CARE
about the Quick Sale Value of the property.
You give yourself the EDGE when you DO THE DEAL
CORRECTLY. You have a property that PRIVATE MONEY
LENDERS want to fund. You get a reputation for
putting together SOLID DEALS.
The Ultimate REO Report makes it easy to find these
types of LOW LTV DEALS. Don't settle for "so so"
deals. Not in today's market. You can cherry-pick.
Once you have that SOLID DEAL--do your LOAN PACKAGE
correctly. The Hard Money Loan Blueprint shows
you how, step by step, so you can THINK like a
private hard money lender and know that your
LOAN PACKAGE is complete.
Did you know that there is a 100% purchase lender for deals
in all 50 states when you have a BUYER READY TO GO?
And it doesn't matter whether it is a property
under contract or you have an option. The deal
can be funded 100% in a back to back closing with the
loan fees rolled into the loan.
(Details below about how you can watch a special
1 hour webinar conducted by this lender who is
one of the 300 lenders in the 2011 Private Money Lenders
Source. )
The 2011 Private Money Lenders Source has the 300 TOP
private hard money lenders who loan on residential
and commercial investment property, nationally,
regionally, and locally. Each lender has unique
lending programs and you can read about the
programs to help you choose the right lenders to
submit your deals. You get to deal direct with
the lenders and we show you how.
Property prices will lag behind
I want to give you some news.
Interest rates are going up...
Now, depending on how you look at this it may be either
good news or bad news now that I think about it.
When rates go up the value of property goes down and vice
versa. Now, I doubt that this will be a fast moving raise but
inflation is coming and to battle that you need a raise in
interest rates – at least to partially battle it.
Also, keep in mind that property prices will lag behind the raise
in interest rates. So, it may take longer to get into that
good property. Keep that in mind too.
Another bonus with raising rates is even more owners choosing
to owner finance their properties to get a higher price.
The interesting thing is that, as the latest economic problems
have shown us – when the rates start moving up that is not
a reason to not look at opportunities since there are always
opportunities in any kind of market.
Keep an eye out and you will see what I mean.
Interest rates are going up...
Now, depending on how you look at this it may be either
good news or bad news now that I think about it.
When rates go up the value of property goes down and vice
versa. Now, I doubt that this will be a fast moving raise but
inflation is coming and to battle that you need a raise in
interest rates – at least to partially battle it.
Also, keep in mind that property prices will lag behind the raise
in interest rates. So, it may take longer to get into that
good property. Keep that in mind too.
Another bonus with raising rates is even more owners choosing
to owner finance their properties to get a higher price.
The interesting thing is that, as the latest economic problems
have shown us – when the rates start moving up that is not
a reason to not look at opportunities since there are always
opportunities in any kind of market.
Keep an eye out and you will see what I mean.
2011 Private Hard Money FUND-AMENTALS
Stick with the FUNDAMENTALS to
SUCCEED with private hard money funding
for your real estate deals.
You can make DEALS HAPPEN
RIGHT NOW. Buying and selling, rehabbing
and selling. Deals are being done ALL AROUND
YOU.
It is a FACT that the existing home inventory has
DECLINED for 6 straight months.
It is a FACT that the number of existing homes SOLD
has INCREASED for 6 straight months.
Regardless of whether or not home values are
increasing or decreasing, REAL ESTATE INVESTORS
who use the FUNDAMENTALS always seem to
succeed and make profits.
Here's WHY--
Ever wonder why successful real estate
investors are able to do 1 or 2 deals
every single month?
Even with poor-credit, bankruptcy, and even prior foreclosure?
Here's the Fundamental Success Model they use.
You just need to follow just 4 steps to get it DONE.
Step 1-
They don't just sit on the SIDELINES and complain
about lenders programs.
Investors who are making money are SUBMITTING
REAL LOAN PACKAGES. They might submit the same
property to several lenders to get it CLOSED.
They might submit several DEALS each and every
month. They make a couple of good offers a
week, each and every week.
Step 2-
They don't FALL IN LOVE with the property. Instead,
they FALL IN LOVE with getting REGULAR DEALS Done.
Spending month after month trying to find
a lender who will fund that one property that
you think is so good, but the lenders don't seem to respond?
Trying to hit a home run for $100,000 instead of going
for base hits like $10,000, $20,000 or more? Working against
the grain? NONE OF THESE APPROACHES WORK.
Instead, LEARN LENDER PROGRAMS and what KINDS
of properties they are lending on and GO GET
THOSE PROPERTIES that match up.
Step 3-
They do their homework.
Sloppy loan packages with incomplete documents
usually don't get approved, and if they do
get approved, sometimes it just takes TOO LONG
and you've already lost the contract. Lenders
can usually help you get YOUR LOAN CLOSED in just a
few days once they GET A COMPLETE PACKAGE.
Some can do it in as little as 24 to 48 hours.
Step 4-
They focus on GREAT geographical investing areas to
BUILD a DATABASE or CARD FILE, of QUALIFIED,
LOAN APPROVED END BUYERS.
Once you have a lot of buyers who you know
who are looking for property NOW, you can flip your
property faster and get on to your next deal.
The private hard money lenders like to see strong
exit strategies. Having potential buyers lined up strengthens your
exit strategy.
And all the time you'll be building a BIGGER
and BETTER file of QUALIFIED BUYERS.
And you'll be BUILDING SOLID RELATIONSHIPS with
private hard money lenders who will BACK YOU.
So, don't let ANALYSIS PARALYSIS get your
investing business bogged down.
Don't "out-think" yourself.
Don't "count yourself out".
Not every offer you make is going to get accepted
and not every loan package you submit is going to
get approved but if you COPY SUCCESS you'll
get many MORE offers approved and many MORE
loans approved, and many MORE properties sold.
And that is JUST WHAT successful investors do.
And they make a LOT OF MONEY doing it.
So, we only give you the FUNDAMENTAL TOOLS you NEED:
The Hard Money Loan Blueprint shows you HOW
to put together a Loan Package to submit to
a private hard money lender. Once you understand
the process and what the lender needs, you
will have much more SUCCESS because you'll
be doing it the RIGHT WAY, without GUESSING.
Learn the Hard Money Loan Blueprint Method Here
These private money lenders NEED to GET THE
MONEY LOANED OUT.
If they don't GET IT LOANED OUT, they lose
their INVESTORS and they LOSE MONEY.
It's "use it or lose it" money.
The 2011 Private Money Lenders Source
has 300 of the TOP private hard money lenders who loan
on residential and commercial investment
property, nationally, regionally, and locally.
You DEAL DIRECT with these lenders. And because
you'll have the Lender Programs at your fingertips
it's like having the INSIDE TRACK to funding.
Click HERE for the 2011 Version
Lenders NEED TO LOAN THE MONEY OUT on
great investment property in their
selected GEOGRAPHICAL AREAS.
The Ultimate REO Report gives you the TOP
60 DIRECT SOURCES for the BEST Bank-Owned
and Government Owned Properties, REOS,
and Foreclosures. And there are NO MONTHLY
SUBSCRIPTION FEES to have
access to these sources.
Get the Ultimate REO Report Here
EASILY FIND PROPERTIES in the GEOGRAPHICAL AREAS
where the private hard money lenders are loaning
their money out. These properties can
be acquired for PENNIES on the dollar.
You can FIND THE PROPERTIES THAT MATCH
the LENDER'S PROGRAMS!
And you can FIND THEM FAST!
They even have REO Agents assigned to them
who will HELP YOU. They will tell you about
the property, tell you about it's condition,
and even help you get your OFFER SUBMITTED.
They work for you for-FREE because the BANKS
and financial institutions are PAYING THEM.
So, it is time for you to GET ROLLING.
SUCCEED with private hard money funding
for your real estate deals.
You can make DEALS HAPPEN
RIGHT NOW. Buying and selling, rehabbing
and selling. Deals are being done ALL AROUND
YOU.
It is a FACT that the existing home inventory has
DECLINED for 6 straight months.
It is a FACT that the number of existing homes SOLD
has INCREASED for 6 straight months.
Regardless of whether or not home values are
increasing or decreasing, REAL ESTATE INVESTORS
who use the FUNDAMENTALS always seem to
succeed and make profits.
Here's WHY--
Ever wonder why successful real estate
investors are able to do 1 or 2 deals
every single month?
Even with poor-credit, bankruptcy, and even prior foreclosure?
Here's the Fundamental Success Model they use.
You just need to follow just 4 steps to get it DONE.
Step 1-
They don't just sit on the SIDELINES and complain
about lenders programs.
Investors who are making money are SUBMITTING
REAL LOAN PACKAGES. They might submit the same
property to several lenders to get it CLOSED.
They might submit several DEALS each and every
month. They make a couple of good offers a
week, each and every week.
Step 2-
They don't FALL IN LOVE with the property. Instead,
they FALL IN LOVE with getting REGULAR DEALS Done.
Spending month after month trying to find
a lender who will fund that one property that
you think is so good, but the lenders don't seem to respond?
Trying to hit a home run for $100,000 instead of going
for base hits like $10,000, $20,000 or more? Working against
the grain? NONE OF THESE APPROACHES WORK.
Instead, LEARN LENDER PROGRAMS and what KINDS
of properties they are lending on and GO GET
THOSE PROPERTIES that match up.
Step 3-
They do their homework.
Sloppy loan packages with incomplete documents
usually don't get approved, and if they do
get approved, sometimes it just takes TOO LONG
and you've already lost the contract. Lenders
can usually help you get YOUR LOAN CLOSED in just a
few days once they GET A COMPLETE PACKAGE.
Some can do it in as little as 24 to 48 hours.
Step 4-
They focus on GREAT geographical investing areas to
BUILD a DATABASE or CARD FILE, of QUALIFIED,
LOAN APPROVED END BUYERS.
Once you have a lot of buyers who you know
who are looking for property NOW, you can flip your
property faster and get on to your next deal.
The private hard money lenders like to see strong
exit strategies. Having potential buyers lined up strengthens your
exit strategy.
And all the time you'll be building a BIGGER
and BETTER file of QUALIFIED BUYERS.
And you'll be BUILDING SOLID RELATIONSHIPS with
private hard money lenders who will BACK YOU.
So, don't let ANALYSIS PARALYSIS get your
investing business bogged down.
Don't "out-think" yourself.
Don't "count yourself out".
Not every offer you make is going to get accepted
and not every loan package you submit is going to
get approved but if you COPY SUCCESS you'll
get many MORE offers approved and many MORE
loans approved, and many MORE properties sold.
And that is JUST WHAT successful investors do.
And they make a LOT OF MONEY doing it.
So, we only give you the FUNDAMENTAL TOOLS you NEED:
The Hard Money Loan Blueprint shows you HOW
to put together a Loan Package to submit to
a private hard money lender. Once you understand
the process and what the lender needs, you
will have much more SUCCESS because you'll
be doing it the RIGHT WAY, without GUESSING.
Learn the Hard Money Loan Blueprint Method Here
These private money lenders NEED to GET THE
MONEY LOANED OUT.
If they don't GET IT LOANED OUT, they lose
their INVESTORS and they LOSE MONEY.
It's "use it or lose it" money.
The 2011 Private Money Lenders Source
has 300 of the TOP private hard money lenders who loan
on residential and commercial investment
property, nationally, regionally, and locally.
You DEAL DIRECT with these lenders. And because
you'll have the Lender Programs at your fingertips
it's like having the INSIDE TRACK to funding.
Click HERE for the 2011 Version
Lenders NEED TO LOAN THE MONEY OUT on
great investment property in their
selected GEOGRAPHICAL AREAS.
The Ultimate REO Report gives you the TOP
60 DIRECT SOURCES for the BEST Bank-Owned
and Government Owned Properties, REOS,
and Foreclosures. And there are NO MONTHLY
SUBSCRIPTION FEES to have
access to these sources.
Get the Ultimate REO Report Here
EASILY FIND PROPERTIES in the GEOGRAPHICAL AREAS
where the private hard money lenders are loaning
their money out. These properties can
be acquired for PENNIES on the dollar.
You can FIND THE PROPERTIES THAT MATCH
the LENDER'S PROGRAMS!
And you can FIND THEM FAST!
They even have REO Agents assigned to them
who will HELP YOU. They will tell you about
the property, tell you about it's condition,
and even help you get your OFFER SUBMITTED.
They work for you for-FREE because the BANKS
and financial institutions are PAYING THEM.
So, it is time for you to GET ROLLING.
Don't You Quit!!
Coming up on another weekend and wanted to
throw a couple of things at you.
First, if you are frustrated at your progress so
far as a real estate investor its natural. There is
no such thing as an overnight success.
Many of us, when things get tough and are apparently
not going to be as easy for us as we once thought, decide
to give it up.
why?
Because it is easier. For many, many reasons it is easier
to give up.
Yeah, you may have given it your best shot and you may
be thinking there is not much more to give. I hear you.
But, I also know many, many just like you that if they
would have stopped and quit when they wanted to
they would be mad because it was just within
inches of what they were looking for.
So, really, you ARE closer than you think.
The easy path is always the path that, in the end,
you will be disappointed you took. Just keep
that in mind before taking it.
throw a couple of things at you.
First, if you are frustrated at your progress so
far as a real estate investor its natural. There is
no such thing as an overnight success.
Many of us, when things get tough and are apparently
not going to be as easy for us as we once thought, decide
to give it up.
why?
Because it is easier. For many, many reasons it is easier
to give up.
Yeah, you may have given it your best shot and you may
be thinking there is not much more to give. I hear you.
But, I also know many, many just like you that if they
would have stopped and quit when they wanted to
they would be mad because it was just within
inches of what they were looking for.
So, really, you ARE closer than you think.
The easy path is always the path that, in the end,
you will be disappointed you took. Just keep
that in mind before taking it.
What if you knew all the major private hard money lenders
What if you knew all the major private hard money lender
programs in the U.S.?
How much time could you save if you knew which lenders were
lending in your real estate investing area?
How much money could you save if you could compare private
hard money lenders rates and fees?
How many more deals could you do if you knew the lender
programs so well that you knew exactly what types of properties
to look for?
How much faster could you close if you could focus on the
lenders who offer funding within a week, or even within
72, 48, or 24 hours of receiving a complete loan package?
How many more deals could you get into your pipeline if you
could be making offers that were accompanied by proof of funds
letters from legitimate private hard money lenders?
Could you do BOTH residential and commercial deals if you
could submit your loan packages to lenders who are willing
to loan based on the value of the "hard asset" RATHER than
your credit-rating, personal income, tax returns, or assets?
These are a few of the REASONS so many investors and
loan brokers use the 2011 Private Money Lenders Source
for funding sources for their deals. (Yes, many loan brokers
rely on the funding sources of the 2011 Private Money Lenders
Source to service their investor client's needs.)
The 2011 Private Money Lenders Source offers what no
other source offers. Because the lender programs for the
300 top private hard money lenders are DETAILED for you,
you have all the advantages to DEAL DIRECT with the
private hard money lenders who have loaned-BILLIONS
of dollars to real estate investors for both residential
and commercial real estate, nationally, regionally,
and locally.
It just makes sense.
Once you know the funding sources and the lender programs
it is so much easier to get MORE deals done.
Private investors, real estate agents and brokers, and
mortgage brokers in both residential and commercial real estate
use the 2011 Private Money Lenders Source to put deals
together.
Both beginner investors and experienced investors
use the 2011 Private Money Lenders Source because
it is tailored to meet their needs and easy to use.
programs in the U.S.?
How much time could you save if you knew which lenders were
lending in your real estate investing area?
How much money could you save if you could compare private
hard money lenders rates and fees?
How many more deals could you do if you knew the lender
programs so well that you knew exactly what types of properties
to look for?
How much faster could you close if you could focus on the
lenders who offer funding within a week, or even within
72, 48, or 24 hours of receiving a complete loan package?
How many more deals could you get into your pipeline if you
could be making offers that were accompanied by proof of funds
letters from legitimate private hard money lenders?
Could you do BOTH residential and commercial deals if you
could submit your loan packages to lenders who are willing
to loan based on the value of the "hard asset" RATHER than
your credit-rating, personal income, tax returns, or assets?
These are a few of the REASONS so many investors and
loan brokers use the 2011 Private Money Lenders Source
for funding sources for their deals. (Yes, many loan brokers
rely on the funding sources of the 2011 Private Money Lenders
Source to service their investor client's needs.)
The 2011 Private Money Lenders Source offers what no
other source offers. Because the lender programs for the
300 top private hard money lenders are DETAILED for you,
you have all the advantages to DEAL DIRECT with the
private hard money lenders who have loaned-BILLIONS
of dollars to real estate investors for both residential
and commercial real estate, nationally, regionally,
and locally.
It just makes sense.
Once you know the funding sources and the lender programs
it is so much easier to get MORE deals done.
Private investors, real estate agents and brokers, and
mortgage brokers in both residential and commercial real estate
use the 2011 Private Money Lenders Source to put deals
together.
Both beginner investors and experienced investors
use the 2011 Private Money Lenders Source because
it is tailored to meet their needs and easy to use.
What It Takes To Be Successful At This...
Are you reading real estate investment books?
Are you taking real estate investment courses?
Are you taking or attending seminars?
Are you investing in property analysis software?
Good, all this is good.
But all good intention and intent to take action
does not replace, well, taking action.
Some of you will need to take probably the
biggest step and that is taking action in investing
in a property. You will have to have faith
that what you learned and what you have done
up to this point is going to propel you forward.
At some point, you will have to take the step from
“learner” to “doer”. This is a process that you
don’t rush, but, you don’t wait too long
to do either.
Are you taking real estate investment courses?
Are you taking or attending seminars?
Are you investing in property analysis software?
Good, all this is good.
But all good intention and intent to take action
does not replace, well, taking action.
Some of you will need to take probably the
biggest step and that is taking action in investing
in a property. You will have to have faith
that what you learned and what you have done
up to this point is going to propel you forward.
At some point, you will have to take the step from
“learner” to “doer”. This is a process that you
don’t rush, but, you don’t wait too long
to do either.
Attempting To Attract Private Investor Money
Last Chance! Don't You Dare Begin Attempting to Attract Private Investor Money UNTIL
You've Discovered How to Create Iron-Clad Private Placement Memorandums That
Spark Investor Interest WHILE Protecting Your Business!
The webinar starts in a couple of hours!
I urge you to NOT take another step forward UNTIL you've discovered how to create
Private Placement Memorandums.
What are Private Placement Memorandums?
Only probably the single most important document you can prepare as a private-funds
seeking real estate investor, that's all. Done right, a Private Placement Memorandum
will help you:
- Impress and attract potential investors!
- Ensure your deals are always structured properly ... and profitably!
- Protect yourself should one of your deals ever go sour!
And on the other hand, Private Placement Memorandums done wrong, or not at all,
could easily spell the end of your investing career.
So have I got your attention?
I certainly hope so, because when it comes to succeeding as a real estate investor
few things are as important as knowing how to create a proper Private Placement
Memorandum.
Unfortunately, few things in the real estate investing world are also as complex as
creating Private Placement Memorandums.
To untangle this, Alan is holding a very special webinar where he paid his SEC attorney
to help us understand the details on the PPM. Here is just a couple of the items he
will cover in detail...
1. So, what kind of information goes into a PPM?
2. How does a PPM compare to just raising money from family, friends and associates?
3. How much money can someone raise using a PPM?
4. Is any advertising allowed under the rules covering PPMs?
5. Can people raise money to invest in something other than real estate using a PPM?
You've Discovered How to Create Iron-Clad Private Placement Memorandums That
Spark Investor Interest WHILE Protecting Your Business!
The webinar starts in a couple of hours!
I urge you to NOT take another step forward UNTIL you've discovered how to create
Private Placement Memorandums.
What are Private Placement Memorandums?
Only probably the single most important document you can prepare as a private-funds
seeking real estate investor, that's all. Done right, a Private Placement Memorandum
will help you:
- Impress and attract potential investors!
- Ensure your deals are always structured properly ... and profitably!
- Protect yourself should one of your deals ever go sour!
And on the other hand, Private Placement Memorandums done wrong, or not at all,
could easily spell the end of your investing career.
So have I got your attention?
I certainly hope so, because when it comes to succeeding as a real estate investor
few things are as important as knowing how to create a proper Private Placement
Memorandum.
Unfortunately, few things in the real estate investing world are also as complex as
creating Private Placement Memorandums.
To untangle this, Alan is holding a very special webinar where he paid his SEC attorney
to help us understand the details on the PPM. Here is just a couple of the items he
will cover in detail...
1. So, what kind of information goes into a PPM?
2. How does a PPM compare to just raising money from family, friends and associates?
3. How much money can someone raise using a PPM?
4. Is any advertising allowed under the rules covering PPMs?
5. Can people raise money to invest in something other than real estate using a PPM?
BEST opportunities that exists to GET DEALS FUNDED FAST.
Now it's time to get down to business and get some DEALS DONE.
I've had so many people e-mail us about some of the lenders
featured in the newsletter that I want to take a few minutes
and review one of the absolute BEST opportunities that
exists to GET DEALS FUNDED FAST.
It's called "Flash Funding" and you guessed it, that is because the
entire deal is closed and funded SO QUICKLY!
The best thing about it is that you can get 100% FUNDING.
No joke.
It's the easiest way to get MORE DEALS CLOSED and FUNDED.
But you need to know HOW to do it the RIGHT WAY.
Check out this NATIONWIDE LENDER (Just ONE of the
300 TOP lenders in the 2011 Private Money Lenders Source):
"100% Loan to Value--All Transactions are 100% LTV,
including closing costs. That means no money out of your pocket
to close your deals! Approvals are based entirely on the deal.
That means no-credit-checks, appraisals, or other
personal financial requirements."
Why are you not doing these DEALS?
You could be.
Let me ask you a question, Mary.
Do you think you can go out and find a BUYER for a PROPERTY
that you control?
Residential OR Commercial.
You decide.
If you really want to, you CAN do it.
Here's EXACTLY what the lender NEEDS from you:
•Amount of money you need to borrow
•Proof of your control or interest in the property: memorandum of trusts, notice of option or deed
•A to B Contract: first closing (where you are the buyer)
•B to C Contract: second closing (where you are the seller)
•Copy of the Short Sale Approval Acceptance Letter
•A to B and B to C (estimated) HUD1 settlement statements
•Preliminary Title Report from Escrow/Title (Prelim)
•Closing Location (name of closing agent and contact information)
•Closing Date
They ask you to give them 48 hours notice. And once you are a client
and have done your first deal, they can even do deals the SAME DAY.
They will also provide you with a Proof of Funds letter.
AND walk you through it all.
The lender will also provide you with other resources you need,
including:
•Option Contract for Purchase and Sale
•Notice of Option Contract
•Affidavit (Disclosures)
•Addendum To Option Contract
You can do these DEALS on almost any property and it
doesn't have to be a foreclosure, or a REO. It also works
perfectly for SHORT SALES. It can be the house right
across the street or the little strip mall downtown.
You could be out there doing a deal this week!
You need funding and you need buyers and we have
resources that can help you with both.
The 2011 Private Money Lenders Source has the TOP 300
private hard money lenders who loan on residential and
commercial investment property, nationally, locally, and
regionally. You deal DIRECT with the Lenders.
The Active Buyers Magnet will help you create MULTIPLE
STREAMS of motivated BUYERS who want to buy
homes and wholesale investment property.
Think of what you can do when you COMBINE these
powerful resources to start getting these deals DONE.
Today, for those who order the 2011 Private Money Lenders Source
and the Active Buyers Magnet, not only will you NOT HAVE
to PAY THE REGULAR RATE, you'll get the newsletter
subscriber rate of almost 50% off.
So, you'll not pay $197 for the 2011 Private Money Lenders Source,
you will pay only $99.95.
And instead of $97 for the Active Buyers Magnet, you
will pay only $47.
That's a savings of almost $150 off the regular rate.
CLICK HERE for DETAILS.
And if you need to find the best properties,
we have resources for that too--it's called the
Ultimate REO Report...check it out.
Get started with one, two, or all three and get your deals ROLLING!
And for those who order today, we'll also give you
the DIRECT LINK to the FEATURED LENDER in
today's newsletter and INCLUDE a link to a 1 hour lender
webinar so you can quickly learn HOW to SUBMIT
your deals for FUNDING.
(PS. You don't need to buy a $1000 or $2000 course to get this lender.
And that's what some of the "others" are charging.)
Now you can start getting MORE DEALS DONE!
I've had so many people e-mail us about some of the lenders
featured in the newsletter that I want to take a few minutes
and review one of the absolute BEST opportunities that
exists to GET DEALS FUNDED FAST.
It's called "Flash Funding" and you guessed it, that is because the
entire deal is closed and funded SO QUICKLY!
The best thing about it is that you can get 100% FUNDING.
No joke.
It's the easiest way to get MORE DEALS CLOSED and FUNDED.
But you need to know HOW to do it the RIGHT WAY.
Check out this NATIONWIDE LENDER (Just ONE of the
300 TOP lenders in the 2011 Private Money Lenders Source):
"100% Loan to Value--All Transactions are 100% LTV,
including closing costs. That means no money out of your pocket
to close your deals! Approvals are based entirely on the deal.
That means no-credit-checks, appraisals, or other
personal financial requirements."
Why are you not doing these DEALS?
You could be.
Let me ask you a question, Mary.
Do you think you can go out and find a BUYER for a PROPERTY
that you control?
Residential OR Commercial.
You decide.
If you really want to, you CAN do it.
Here's EXACTLY what the lender NEEDS from you:
•Amount of money you need to borrow
•Proof of your control or interest in the property: memorandum of trusts, notice of option or deed
•A to B Contract: first closing (where you are the buyer)
•B to C Contract: second closing (where you are the seller)
•Copy of the Short Sale Approval Acceptance Letter
•A to B and B to C (estimated) HUD1 settlement statements
•Preliminary Title Report from Escrow/Title (Prelim)
•Closing Location (name of closing agent and contact information)
•Closing Date
They ask you to give them 48 hours notice. And once you are a client
and have done your first deal, they can even do deals the SAME DAY.
They will also provide you with a Proof of Funds letter.
AND walk you through it all.
The lender will also provide you with other resources you need,
including:
•Option Contract for Purchase and Sale
•Notice of Option Contract
•Affidavit (Disclosures)
•Addendum To Option Contract
You can do these DEALS on almost any property and it
doesn't have to be a foreclosure, or a REO. It also works
perfectly for SHORT SALES. It can be the house right
across the street or the little strip mall downtown.
You could be out there doing a deal this week!
You need funding and you need buyers and we have
resources that can help you with both.
The 2011 Private Money Lenders Source has the TOP 300
private hard money lenders who loan on residential and
commercial investment property, nationally, locally, and
regionally. You deal DIRECT with the Lenders.
The Active Buyers Magnet will help you create MULTIPLE
STREAMS of motivated BUYERS who want to buy
homes and wholesale investment property.
Think of what you can do when you COMBINE these
powerful resources to start getting these deals DONE.
Today, for those who order the 2011 Private Money Lenders Source
and the Active Buyers Magnet, not only will you NOT HAVE
to PAY THE REGULAR RATE, you'll get the newsletter
subscriber rate of almost 50% off.
So, you'll not pay $197 for the 2011 Private Money Lenders Source,
you will pay only $99.95.
And instead of $97 for the Active Buyers Magnet, you
will pay only $47.
That's a savings of almost $150 off the regular rate.
CLICK HERE for DETAILS.
And if you need to find the best properties,
we have resources for that too--it's called the
Ultimate REO Report...check it out.
Get started with one, two, or all three and get your deals ROLLING!
And for those who order today, we'll also give you
the DIRECT LINK to the FEATURED LENDER in
today's newsletter and INCLUDE a link to a 1 hour lender
webinar so you can quickly learn HOW to SUBMIT
your deals for FUNDING.
(PS. You don't need to buy a $1000 or $2000 course to get this lender.
And that's what some of the "others" are charging.)
Now you can start getting MORE DEALS DONE!
Sunday, February 20, 2011
All investors You need to try this
Last month it took me 48 hours to sell a house from the day I got it until the day I signed a contract to sell it. It was another 7 days before I closed and got $10,000 in my hand... plus $450 a month cash flow
The house was a total mess. The carpet even had dog poop on it, there was junk all over the place.
Last week, my kids closed on a wholesale deal and got just shy of $6000. It took 7 days from the day the buyer signed the contract until the day they closed.
This week, I got 50 phone calls from potential buyers for a property I foreclosed on February 1st (I sold it 10 years ago) but did not start marketing until February 5th because the weather was bad...I currently have a bidding war going on about who will pay the most money. I will close on Thursday, February 17th with the highest bidder.
This house is a total mess. The guy I foreclosed on stole the HVAC system, water heater, carpet and dishwasher. Some broken windows. The walls are funky colors and there is junk all over the place... including dirty dishes in the sink and stuff all over the kitchen countertops. The garage is full of junk too but I could not see it all because I didn't bother to get the utilities turned on.
So.... how did I get these houses sold so fast?
I offered seller financing!
When you sell "as is" ( I mean don't do anything) the buyer is more likely to perceive that they are getting a heck of a deal if you price it right. Depending on the repairs needed, your sales price should be 20-30% below market value.
The financing is what attracts the buyers and seals the deal FAST!
Most of my buyers tell me they record every HGTV show about remodeling houses and they've been anxious to find one they could buy, fix up, and make their own. But without the seller financing it would not be possible.
So... moral of the story.... You will sell houses much faster if you STOP doing rehabs and start selling AS IS with seller financing. You'll get a nice down payment and monthly payments too. So it's like the house that keeps on paying. If the buyers stops paying you just sell it again and get another down payment.
$10,000 here, $6,000 there, $7,000 next week, $3,500 the week after that... it's not big paychecks, but it's like a money machine.
Even if the financing is for one year only, it will give the buyer a chance to fix up the place and get it refinanced so you can get cashed out later. But you need to be prepared to hold the financing forever because it is harder for people to get a new loan. That's why offering seller financing is so popular now!!
You can sell a lot of houses very quickly if you don't do any repairs and offer seller financing.
I'll have more details about how to find the deals and the buyers in the forum at www.CashFlowDepot.com
Try selling your next house "as is" with seller financing... you'll be amazed at how fast you can sell houses.
To Your Extreme Success,
The house was a total mess. The carpet even had dog poop on it, there was junk all over the place.
Last week, my kids closed on a wholesale deal and got just shy of $6000. It took 7 days from the day the buyer signed the contract until the day they closed.
This week, I got 50 phone calls from potential buyers for a property I foreclosed on February 1st (I sold it 10 years ago) but did not start marketing until February 5th because the weather was bad...I currently have a bidding war going on about who will pay the most money. I will close on Thursday, February 17th with the highest bidder.
This house is a total mess. The guy I foreclosed on stole the HVAC system, water heater, carpet and dishwasher. Some broken windows. The walls are funky colors and there is junk all over the place... including dirty dishes in the sink and stuff all over the kitchen countertops. The garage is full of junk too but I could not see it all because I didn't bother to get the utilities turned on.
So.... how did I get these houses sold so fast?
I offered seller financing!
When you sell "as is" ( I mean don't do anything) the buyer is more likely to perceive that they are getting a heck of a deal if you price it right. Depending on the repairs needed, your sales price should be 20-30% below market value.
The financing is what attracts the buyers and seals the deal FAST!
Most of my buyers tell me they record every HGTV show about remodeling houses and they've been anxious to find one they could buy, fix up, and make their own. But without the seller financing it would not be possible.
So... moral of the story.... You will sell houses much faster if you STOP doing rehabs and start selling AS IS with seller financing. You'll get a nice down payment and monthly payments too. So it's like the house that keeps on paying. If the buyers stops paying you just sell it again and get another down payment.
$10,000 here, $6,000 there, $7,000 next week, $3,500 the week after that... it's not big paychecks, but it's like a money machine.
Even if the financing is for one year only, it will give the buyer a chance to fix up the place and get it refinanced so you can get cashed out later. But you need to be prepared to hold the financing forever because it is harder for people to get a new loan. That's why offering seller financing is so popular now!!
You can sell a lot of houses very quickly if you don't do any repairs and offer seller financing.
I'll have more details about how to find the deals and the buyers in the forum at www.CashFlowDepot.com
Try selling your next house "as is" with seller financing... you'll be amazed at how fast you can sell houses.
To Your Extreme Success,
Sample Proof of funds Letter
Sample Proof of Funds Letter
[Bank's Letterhead must be used here]
To:
Copy:
________________
Dear Sirs, Date
Subject: Proof of Funds Letter
We confirm, that _____________________ [Name of Company / Individual] has available the sum of _________________ USD in our bank as of this date.
We confirm that these funds are fully free of any liens, debts and/or encumbrances and are clean, clear and non-criminal origin and are available in the form of ____________________.
________________________________________
We need the following information about
two authorized contact persons at the guarantor bank.
NAME TITLE PHONE # FAX #
1. ____________________ ___________________ ____________ ____________
2. ____________________ ___________________ __________ ____________
________________________________________
Should you require verification of the above mentioned funds, please, contact us at your convenience.
Yours truly,
_________________ _________________
Authorized Officer Authorized Officer
_________________ _________________
Date Date
Real Estate is a people business
#1 reason people have a hard time getting started or fail as a real estate entrepreneur.
What is it?
Instead of focusing on how to create solutions for sellers, most people focus on how to make every real estate deal fit into a certain technique they want to use.
Real estate is a people business. Instead of asking sellers if they will sell with a lease option or making half price offers to every seller, you need to sit down and talk with them so you can discover what the seller's problems are. You need to determine what the seller really wants and needs and then create a solution which will help them achieve that goal.
Here are a few examples:
EXAMPLE #1
A few months ago I sent a lead to a new investor in California. The seller had an older mobile home she wanted to sell for $8,000. The new investor immediately offered her $4,000 with hopes that she could flip it to another investor for $6,000 - $8,000. ( the investor just wants to do wholesale deals)
What was missing?
The communication with the seller! Why were they selling? What repairs were needed on the mobile home? Why did they need $8,000? What did they plan to do with the money? What was Plan B if they could not find a buyer? What were they paying in lot rent, taxes, insurance? Where were they planning to move to.. and when?
Unless ...and until you get the answers to some basic questions you can't make a reasonable offer that will solve the Sellers problem.
For example, if you found out that the $8,000 was going to be used to pay off medical bills... then you can see how your $4,000 offer would not solve their problem
But if you offered to pay the medical bills for them - over time... it would solve their problems.
If you could negotiate monthly payments that are low enough on the medical bills, then you could rent the mobile home (or sell with seller financing) for a nice down payment and a positive cash flow.
EXAMPLE #2
Another investor calls every FSBO seller and makes half price all cash offers. He has had very little success. Why? He failed to talk to the seller before making his offer to determine if there is a mortgage and what the balance is. A half price offer of $50,000 won't help a seller with a $80,000 mortgage on a $100,000 house.
But there are other solutions. You must get all the facts before you can formulate an offer.
EXAMPLE #3
Another new investor is contacting every seller and asking if they will do a lease option.
Well, some will, but most won't. Until you discover what the Seller needs and wants and why, and the details about the financing on the property the chances of you making a deal are slim to nothing.
You need to thoroughly understand the Seller's situation then CUSTOMIZE a solution which will work for you and work for them. Then you need to explain the benefits of your offer to the seller in simple, easy to understand language.
Peter uses a T-Bar with the benefits to him on one side and the benefits to the seller on the other side. The VISUAL helps the sellers to understand "what's in it for them" and that will get more Sellers to say YES! to your offers.
Spend more time talking to Sellers about the total situation BEFORE you make offers. If necessary, get on the forum to get help structuring offers.
The result will be that you are able to help a lot more Sellers, you'll do many more successful real estate transactions, and you will be able to achieve your goals as a real estate entrepreneur.
To Your Extreme Success,
What is it?
Instead of focusing on how to create solutions for sellers, most people focus on how to make every real estate deal fit into a certain technique they want to use.
Real estate is a people business. Instead of asking sellers if they will sell with a lease option or making half price offers to every seller, you need to sit down and talk with them so you can discover what the seller's problems are. You need to determine what the seller really wants and needs and then create a solution which will help them achieve that goal.
Here are a few examples:
EXAMPLE #1
A few months ago I sent a lead to a new investor in California. The seller had an older mobile home she wanted to sell for $8,000. The new investor immediately offered her $4,000 with hopes that she could flip it to another investor for $6,000 - $8,000. ( the investor just wants to do wholesale deals)
What was missing?
The communication with the seller! Why were they selling? What repairs were needed on the mobile home? Why did they need $8,000? What did they plan to do with the money? What was Plan B if they could not find a buyer? What were they paying in lot rent, taxes, insurance? Where were they planning to move to.. and when?
Unless ...and until you get the answers to some basic questions you can't make a reasonable offer that will solve the Sellers problem.
For example, if you found out that the $8,000 was going to be used to pay off medical bills... then you can see how your $4,000 offer would not solve their problem
But if you offered to pay the medical bills for them - over time... it would solve their problems.
If you could negotiate monthly payments that are low enough on the medical bills, then you could rent the mobile home (or sell with seller financing) for a nice down payment and a positive cash flow.
EXAMPLE #2
Another investor calls every FSBO seller and makes half price all cash offers. He has had very little success. Why? He failed to talk to the seller before making his offer to determine if there is a mortgage and what the balance is. A half price offer of $50,000 won't help a seller with a $80,000 mortgage on a $100,000 house.
But there are other solutions. You must get all the facts before you can formulate an offer.
EXAMPLE #3
Another new investor is contacting every seller and asking if they will do a lease option.
Well, some will, but most won't. Until you discover what the Seller needs and wants and why, and the details about the financing on the property the chances of you making a deal are slim to nothing.
You need to thoroughly understand the Seller's situation then CUSTOMIZE a solution which will work for you and work for them. Then you need to explain the benefits of your offer to the seller in simple, easy to understand language.
Peter uses a T-Bar with the benefits to him on one side and the benefits to the seller on the other side. The VISUAL helps the sellers to understand "what's in it for them" and that will get more Sellers to say YES! to your offers.
Spend more time talking to Sellers about the total situation BEFORE you make offers. If necessary, get on the forum to get help structuring offers.
The result will be that you are able to help a lot more Sellers, you'll do many more successful real estate transactions, and you will be able to achieve your goals as a real estate entrepreneur.
To Your Extreme Success,
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