When pulling comps you will need to use houses
that are the same style, size, condition and within
at least a five block radius.
I have always pulled at least 5 comparable sales,
getting rid of the highest and lowest comparable
sale leaving me with three, then adding them up
and dividing them by three, giving me a projected
after repaired value.
Quick Tip: One thing you need to keep in mind is
that when you see a high sales price, it is usually a
retail sale.
Towards the end of this section I will show you how to
come up with an accurate ARV. When buying a property
as a wholesaler you need to make offers below 60 percent
of the after repaired value (ARV) in order to build in your profit.
Most of your buyers will be cash buyers and investors that
use hard money loans or private lending. When breaking down
a deal, several things must be taken into account; the neighborhood,
values, property taxes, rents, current and projected cash flow, type
of property, property taxes, repair costs, and exit strategies.
Knowing your neighborhoods is an important part of the
wholesale business. One of the first tips given to me by
one of my mentors was to start looking for properties in
my own neighborhood; you will be surprised what you are able to find right in your own backyard.
Monday, January 30, 2012
Motivated Sellers, who are they?
All this talk about motivated sellers, who are
they? As a wholesaler, the best deals come
when the sellers themselves are motivated to
sell you their property.
A motivated seller is someone who just wants
out and in most situations would be willing to
sell his or her property at a deeply discounted
price. Most motivated sellers will be willing to sell
their properties under market value as they are
often in a distressed situation, in need of cash,
and will most likely agree to your terms.
There could be several reasons why someone
would be a motivated seller, property owners
behind on their mortgages, landlords who may
no longer be willing to deal with the hassles of
tenants, investors dealing with terrible contractors,
someone who inherited a property, or perhaps
someone who wants to get rid of their property.
In the E-manual I lay out the specifics on what
to do once you get the motivated sellers calling.
This part is really fun because you really get to
see how easy it is to buy a house with absolutely
no money.
For just a few dollars I am give you the strategies
that work. These basic strategies I use each month
to bring in thousands of dollars each month. I have
laid it out in simple to understand terms that ANYONE
can understand.
My purpose really is to help home owners sell and
to show you how to profit at the same time. Find out
how to get it all done....www.Flop2FlipWholesaling.com/Manual
they? As a wholesaler, the best deals come
when the sellers themselves are motivated to
sell you their property.
A motivated seller is someone who just wants
out and in most situations would be willing to
sell his or her property at a deeply discounted
price. Most motivated sellers will be willing to sell
their properties under market value as they are
often in a distressed situation, in need of cash,
and will most likely agree to your terms.
There could be several reasons why someone
would be a motivated seller, property owners
behind on their mortgages, landlords who may
no longer be willing to deal with the hassles of
tenants, investors dealing with terrible contractors,
someone who inherited a property, or perhaps
someone who wants to get rid of their property.
In the E-manual I lay out the specifics on what
to do once you get the motivated sellers calling.
This part is really fun because you really get to
see how easy it is to buy a house with absolutely
no money.
For just a few dollars I am give you the strategies
that work. These basic strategies I use each month
to bring in thousands of dollars each month. I have
laid it out in simple to understand terms that ANYONE
can understand.
My purpose really is to help home owners sell and
to show you how to profit at the same time. Find out
how to get it all done....www.Flop2FlipWholesaling.com/Manual
Marketing for Motivated Sellers
When you are marketing for motivated
sellers you have to make sure that your
message isn't a pest and discarded.
As we have seen there are many ways to
get these motivated sellers. Some of these
methods are inexpensive and some are costly.
I have found that direct mail in the form of
letters and postcards are also highly effective
if used consistently. You are going to find
that most investors in your marketplace don't
take advantage of direct mail.
Get your Manual Right Now Click Here
The ones that do and do it on a consistent
basis, more than likely dominate the market.
For instance, sending letters and postcards to
out of state property owners on a consistent
basis has generated numerous deals for us and several of our students as well.
The State of Maryland has an online database
with every city and county, showing whether
or not the property owner lives in or outside of
the state.
You can use a letter or post card to find out if
the home owner really wants to sell.When one
of your letters or post cards is delivered from
the postman to a resident it becomes a welcomed
guest.
No one hands the letter back to the postman saying,
"I don't want this one."With direct mail you can reach
hundreds or thousands of sellers all at once. This is a
very inexpensive way of generating deals in a short
amount of time.
In the manual I have given a few letters that I use
when marketing for deals. Using direct mail can be
a huge benefit to your wholesaling business.
Get the letter that I send to motivated seller to get deals.
sellers you have to make sure that your
message isn't a pest and discarded.
As we have seen there are many ways to
get these motivated sellers. Some of these
methods are inexpensive and some are costly.
I have found that direct mail in the form of
letters and postcards are also highly effective
if used consistently. You are going to find
that most investors in your marketplace don't
take advantage of direct mail.
Get your Manual Right Now Click Here
The ones that do and do it on a consistent
basis, more than likely dominate the market.
For instance, sending letters and postcards to
out of state property owners on a consistent
basis has generated numerous deals for us and several of our students as well.
The State of Maryland has an online database
with every city and county, showing whether
or not the property owner lives in or outside of
the state.
You can use a letter or post card to find out if
the home owner really wants to sell.When one
of your letters or post cards is delivered from
the postman to a resident it becomes a welcomed
guest.
No one hands the letter back to the postman saying,
"I don't want this one."With direct mail you can reach
hundreds or thousands of sellers all at once. This is a
very inexpensive way of generating deals in a short
amount of time.
In the manual I have given a few letters that I use
when marketing for deals. Using direct mail can be
a huge benefit to your wholesaling business.
Get the letter that I send to motivated seller to get deals.
Marketing is Absolutely Free
In any industry, the most successful companies
have honed the art of marketing their product or
services to the public.
As a wholesaler and real estate investor you have
to be both effective and creative when marketing
yourself and your company. One of the ways I
marketed myself and my company was by utilizing
word of mouth marketing strategies. I let everyone I knew, from friends, family, and
even my local mail carrier that "I BUY HOUSES
IN ANY AREA AND ANY CONDITION".
This strategy has become so successful that that
almost everyone I encounter ends up knowing that
"I BUY HOUSES IN ANY AREA AND ANY
CONDITION" and pay out handsome finder's fees
if they send me a deal and my company closes that deal.
Word of mouth marketing is going to be one of your
best ways to generate leads, and the ideal part is that
this sort of marketing is absolutely free.
http://www.flop2flipwholesaling.com/Manual/ <<<< Click the Link
ow you might be scared to tell your family that you
buy houses. Uncle Willy might say well if you are buying
houses then pay me my $20 you owe me. You might also
feel that they are going to start asking you for money every
5 minutes.
But have no fear, you will overcome all of these obstacles
in no time. Follow the detailed instructions in the Manual
and you will be on the road to riches.
have honed the art of marketing their product or
services to the public.
As a wholesaler and real estate investor you have
to be both effective and creative when marketing
yourself and your company. One of the ways I
marketed myself and my company was by utilizing
word of mouth marketing strategies. I let everyone I knew, from friends, family, and
even my local mail carrier that "I BUY HOUSES
IN ANY AREA AND ANY CONDITION".
This strategy has become so successful that that
almost everyone I encounter ends up knowing that
"I BUY HOUSES IN ANY AREA AND ANY
CONDITION" and pay out handsome finder's fees
if they send me a deal and my company closes that deal.
Word of mouth marketing is going to be one of your
best ways to generate leads, and the ideal part is that
this sort of marketing is absolutely free.
http://www.flop2flipwholesaling.com/Manual/ <<<< Click the Link
ow you might be scared to tell your family that you
buy houses. Uncle Willy might say well if you are buying
houses then pay me my $20 you owe me. You might also
feel that they are going to start asking you for money every
5 minutes.
But have no fear, you will overcome all of these obstacles
in no time. Follow the detailed instructions in the Manual
and you will be on the road to riches.
Locate a list of the condemned properties in your area.
I bet you did not know the home of the Super
Bowl Champs the "Baltimore Ravens" had over
40,000 vacant properties scattered around what
we call Charm City did you?
These types of properties can put huge wads of
cash in your pocket. In Baltimore, the city has
made it very easy to obtain the list of condemned
properties in our marketplace and they have even
segmented them in all of the different neighborhoods.
If your city hasn't caught up with the times you
need to petition for them to put everything online
because it's going to make your job as a flipper a
thousand times easier.
Don't worry if your city or county does not have
this information online, simply take some time out
to visit your local municipality building where you
pay those irritating parking tickets and unbearable
water bills and start asking the staff there where you
can get a list of the condemned properties in your area.
You can also visit your marketplaces' planing and
zoning department or real estate offices, asking the
staff there if they have a list of condemned properties
that you can have or view.
The properties on these lists have been vacant for
probably years and the owners have just thrown in
the towel and given up.
These houses are eye soars that sometimes become avens for crime for neighborhoods and communities.
In the Manual I have included detailed instructions
on title work, scripts and pit falls when dealing with
these types of properties.
Bowl Champs the "Baltimore Ravens" had over
40,000 vacant properties scattered around what
we call Charm City did you?
These types of properties can put huge wads of
cash in your pocket. In Baltimore, the city has
made it very easy to obtain the list of condemned
properties in our marketplace and they have even
segmented them in all of the different neighborhoods.
If your city hasn't caught up with the times you
need to petition for them to put everything online
because it's going to make your job as a flipper a
thousand times easier.
Don't worry if your city or county does not have
this information online, simply take some time out
to visit your local municipality building where you
pay those irritating parking tickets and unbearable
water bills and start asking the staff there where you
can get a list of the condemned properties in your area.
You can also visit your marketplaces' planing and
zoning department or real estate offices, asking the
staff there if they have a list of condemned properties
that you can have or view.
The properties on these lists have been vacant for
probably years and the owners have just thrown in
the towel and given up.
These houses are eye soars that sometimes become avens for crime for neighborhoods and communities.
In the Manual I have included detailed instructions
on title work, scripts and pit falls when dealing with
these types of properties.
Scripts in the Manual
Ok I had a seller call with a sweet deal so I
had to take the call. I wanted to devote my
attention to them so I would know all the
details.
But let's finish up.
Step 2. Now, I can't promise all of you that this
next resource will be online for you and totally
free; if your city has an on line real property data
base you're going to be using it a whole lot.
For starters if you're not aware of the real
property database in your marketplace, simply
Google for example Arkansas real property data,
North Carolina real property data, for me its MD
real property data.
Once you have figured out how to gain access to
your marketplace's real property data search, you
will probably have a different, more specific, search
criteria 's to choose from such as name, address, lot
number, or tax id you want to focus right now on
address search.
You can plug in your address and find out who the
actual owner of the property is, and you can use the
scripts in the Manual to get more information on the
property.
The scripts in the manual, me and my team use these
each and every day to get deals under contract. They
are specially designed to work in this economy to help
motivated sellers get properties off their hands.
I have also included in the manual other resources to
help you obtain free personal property data. Don't wait
to get it. I may actually have to pull it off the market
because I have included so many references that I didn't
get permission to show.
I am consulting with my legal team to see what can be done
had to take the call. I wanted to devote my
attention to them so I would know all the
details.
But let's finish up.
Step 2. Now, I can't promise all of you that this
next resource will be online for you and totally
free; if your city has an on line real property data
base you're going to be using it a whole lot.
For starters if you're not aware of the real
property database in your marketplace, simply
Google for example Arkansas real property data,
North Carolina real property data, for me its MD
real property data.
Once you have figured out how to gain access to
your marketplace's real property data search, you
will probably have a different, more specific, search
criteria 's to choose from such as name, address, lot
number, or tax id you want to focus right now on
address search.
You can plug in your address and find out who the
actual owner of the property is, and you can use the
scripts in the Manual to get more information on the
property.
The scripts in the manual, me and my team use these
each and every day to get deals under contract. They
are specially designed to work in this economy to help
motivated sellers get properties off their hands.
I have also included in the manual other resources to
help you obtain free personal property data. Don't wait
to get it. I may actually have to pull it off the market
because I have included so many references that I didn't
get permission to show.
I am consulting with my legal team to see what can be done
Drive the five block radius to target real estate property
Ok yesterday we talked about finding
tons of absentee owners.
So let's continue to kick it off today.
Remember you can get all of these
strategies and more in the Manual.
I really poured out my heart in the
manual to give you the absolute best
that I have.
You can get it here: Click Here
But if you are lazy and cheap then even
if you did buy it, it would not matter. You
have to take ACTION to get results.
I DON'T LIKE CRY BABIES!!!
Only those people that are tough like a
super hero can make it in this business.
If you cry every time someone says don't
quit your day job that won't work. This is
not for you.
But for the warrior super hero's I will continue.
Step 1. Type in the address of the property you
decided to search for. Using google maps. It will
appear and you will most likely see a view of other
streets surrounding that particular address you typed in.
But for the warrior super hero's I will continue.
Step 1. Type in the address of the property you
decided to search for. Using google maps. It will
appear and you will most likely see a view of other
streets surrounding that particular address you typed in.
Now I want you to take out a piece of paper and
write down each street within a five block radius
north, south, east and west of the target property.
This is going to take a little patience but trust me
the time you spend doing this is going to pay huge
if you do it and start implementing this strategy right away.
Wait I just got a phone call from a seller. I cant type this
and talk to them so I will have to finish tomorrow.
tons of absentee owners.
So let's continue to kick it off today.
Remember you can get all of these
strategies and more in the Manual.
I really poured out my heart in the
manual to give you the absolute best
that I have.
You can get it here: Click Here
But if you are lazy and cheap then even
if you did buy it, it would not matter. You
have to take ACTION to get results.
I DON'T LIKE CRY BABIES!!!
Only those people that are tough like a
super hero can make it in this business.
If you cry every time someone says don't
quit your day job that won't work. This is
not for you.
But for the warrior super hero's I will continue.
Step 1. Type in the address of the property you
decided to search for. Using google maps. It will
appear and you will most likely see a view of other
streets surrounding that particular address you typed in.
But for the warrior super hero's I will continue.
Step 1. Type in the address of the property you
decided to search for. Using google maps. It will
appear and you will most likely see a view of other
streets surrounding that particular address you typed in.
Now I want you to take out a piece of paper and
write down each street within a five block radius
north, south, east and west of the target property.
This is going to take a little patience but trust me
the time you spend doing this is going to pay huge
if you do it and start implementing this strategy right away.
Wait I just got a phone call from a seller. I cant type this
and talk to them so I will have to finish tomorrow.
Distress normally means there is a Motivated Seller
Most Americans spend a lot of time in their cars
traveling to and from work, to the store, and out
to dinner with friends.
As investors we make best use of this time but
keeping our eyes peeled for properties that are
in distress. While I am traveling day to day it's
not uncommon for me to pick up 30-40 possible
properties to evaluate for possible deals.
If I pick a Sunday I can spend a great deal of time
to look for properties and end up with 200 in a day.
I have a special tool that every investor can get for
a few buck to keep track of all of these properties
without having to write them down.
In the E-manual I show you how to get hundreds
more just from one address. Stop wasting time and
get it here Click this Link!
Here are just a few of the signs you should be looking
for; broken windows, a boarded up house on a decent
block no blinds, distorted or dated looking blinds in the windows and Stacks of phone books on the porch.
But there are so many more signs to spot a house in
distress. And behind every house in distress normally
means there is a motivated seller on the other end.
traveling to and from work, to the store, and out
to dinner with friends.
As investors we make best use of this time but
keeping our eyes peeled for properties that are
in distress. While I am traveling day to day it's
not uncommon for me to pick up 30-40 possible
properties to evaluate for possible deals.
If I pick a Sunday I can spend a great deal of time
to look for properties and end up with 200 in a day.
I have a special tool that every investor can get for
a few buck to keep track of all of these properties
without having to write them down.
In the E-manual I show you how to get hundreds
more just from one address. Stop wasting time and
get it here Click this Link!
Here are just a few of the signs you should be looking
for; broken windows, a boarded up house on a decent
block no blinds, distorted or dated looking blinds in the windows and Stacks of phone books on the porch.
But there are so many more signs to spot a house in
distress. And behind every house in distress normally
means there is a motivated seller on the other end.
"Breaking off the Bird Dog leash
If you just want to make a few thousand
a month just to pay some bills and have a
little spending money, then just being a bird
dog may be ok for you.
But if you want to stomp with the big dogs
and cash big checks then you have to spend
$47 bucks and get the manual.
"Breaking off the Bird Dog leash to a full-fledged
wholesaler is a necessary step to becoming a successful
wholesaler and real estate investor." - Manual
If you feel that's too much for you I can tell
you that I have spent tens of thousands for my
business education and I will continue to spend more.
Once you decide to take the step you won't have to
split the profits or only get $500 off of a deal you can
make $5000. It would be a lot less work as a wholesaler.
Once you step up other investors will accept you and
will be willing to work and do deals with you. You
will become part of a network of investors that will be
able to provide you with countless resource
a month just to pay some bills and have a
little spending money, then just being a bird
dog may be ok for you.
But if you want to stomp with the big dogs
and cash big checks then you have to spend
$47 bucks and get the manual.
"Breaking off the Bird Dog leash to a full-fledged
wholesaler is a necessary step to becoming a successful
wholesaler and real estate investor." - Manual
If you feel that's too much for you I can tell
you that I have spent tens of thousands for my
business education and I will continue to spend more.
Once you decide to take the step you won't have to
split the profits or only get $500 off of a deal you can
make $5000. It would be a lot less work as a wholesaler.
Once you step up other investors will accept you and
will be willing to work and do deals with you. You
will become part of a network of investors that will be
able to provide you with countless resource
Practice These Strategies
So I need you to take the training wheels
off so we can get you cashing checks. So
lets start this lesson out with some steak.
You have to find the deals to be able to
cash checks. Here is a direct quote from
the E-manual:
"There are hundreds of ways you can look for deals in any
real estate market, from absentee owners, people relocating,
vacant properties, classifieds, expired listings, and for sale by
owner (FSBO's). I use and teach the students in our coaching
program the FAB 5 that get them deals consistently flowing in."
So I will give you a few tips from my FAB 5
insider Flop 2 Flip Wholesale get money now
strategies. Wow that was a mouth full!
Ok tip #1 You need to find someone that actually sell you their house. You need to look for distressed properties and in the E-manual I
show you pictures of what these properties look like.
But you need to get the addresses of these houses
and start marketing to them. This is the first step in
getting distressed home owners to sell you awesome
deals to wholesale for cash.
Also know that it's best if you practice these strategies
with a friend so share this course with a friend so you
can have a partner help you look for properties.
off so we can get you cashing checks. So
lets start this lesson out with some steak.
You have to find the deals to be able to
cash checks. Here is a direct quote from
the E-manual:
"There are hundreds of ways you can look for deals in any
real estate market, from absentee owners, people relocating,
vacant properties, classifieds, expired listings, and for sale by
owner (FSBO's). I use and teach the students in our coaching
program the FAB 5 that get them deals consistently flowing in."
So I will give you a few tips from my FAB 5
insider Flop 2 Flip Wholesale get money now
strategies. Wow that was a mouth full!
Ok tip #1 You need to find someone that actually sell you their house. You need to look for distressed properties and in the E-manual I
show you pictures of what these properties look like.
But you need to get the addresses of these houses
and start marketing to them. This is the first step in
getting distressed home owners to sell you awesome
deals to wholesale for cash.
Also know that it's best if you practice these strategies
with a friend so share this course with a friend so you
can have a partner help you look for properties.
Flop2FlipWholesaling
Ok so yesterday I gave you a great tip on how you
can start making money without knowing all of the
"in's and out's" of being a full fledge investor.
Being a bird dog is a low cost way of making some
money. So I wanted you to have a little more meat.
Its great to work with one investor as a bird dog.
Like I said yesterday, you can make a couple thousand
bucks a month. But you can make thousands more buy
working for 5, 10, or even 50 investors and make tens
of thousands of bucks each month.
I recently had to save another wholesaler's deal in my market
place. They actually skipped one of the most vital pieces to the
biz. Getting the title work started. They totally forgot.
That is why I am really pushing you to get the E-manual so you
will know what you need to do to get your deals to the closing
table. Shed your baby teeth here... www.Flop2FlipWholesaling.com/Manual
Happy Wholesaling,
While bird dogging for several investors in my market
place, I was able to learn values and map out Baltimore
City like the back of my hand.
Learning the current value of homes in certain neighborhoods
and knowing the different types of houses in those neighborhoods
made it very easy to evaluate, buy, and sell properties later in my
wholesaling and real estate investment career.
In the E-manual I lay it out so you can understand how to get
this business poppin! That's if you're ready. Sometimes a lot
of money can scare people. But the truth is really you buying
the E-manual is not going to make me or break me.
can start making money without knowing all of the
"in's and out's" of being a full fledge investor.
Being a bird dog is a low cost way of making some
money. So I wanted you to have a little more meat.
Its great to work with one investor as a bird dog.
Like I said yesterday, you can make a couple thousand
bucks a month. But you can make thousands more buy
working for 5, 10, or even 50 investors and make tens
of thousands of bucks each month.
I recently had to save another wholesaler's deal in my market
place. They actually skipped one of the most vital pieces to the
biz. Getting the title work started. They totally forgot.
That is why I am really pushing you to get the E-manual so you
will know what you need to do to get your deals to the closing
table. Shed your baby teeth here... www.Flop2FlipWholesaling.com/Manual
Happy Wholesaling,
While bird dogging for several investors in my market
place, I was able to learn values and map out Baltimore
City like the back of my hand.
Learning the current value of homes in certain neighborhoods
and knowing the different types of houses in those neighborhoods
made it very easy to evaluate, buy, and sell properties later in my
wholesaling and real estate investment career.
In the E-manual I lay it out so you can understand how to get
this business poppin! That's if you're ready. Sometimes a lot
of money can scare people. But the truth is really you buying
the E-manual is not going to make me or break me.
Straight out the E-manual
So many people like to start off with the
meat first but they may only have baby
teeth or just gums.
Most of the time that is what really keeps
us from making a decision to buy or keep
us on the fence.
So here is the meat that you want and its
cooked to perfection.
This is straight out the E-manual."When just starting out
and new to real estate investing, becoming a bird dog for
a seasoned investor is a great way for you to learn your
current real estate market. A bird dog is someone who
goes out and snoops out profitable deals for rehabbers,
landlords, and wholesalers. Bird Dogs in my marketplace
usually make between $500 to $1,000 finder fees for their
services. Becoming a bird dog has little risk, takes no money
or credit, just hard work and time."
So right here you can make thousands of bucks
a month if you take action. With this alone you
can live a great life.
Ok let me break it down for you a little more.
Let's say you used my Flop 2 Flip bird dog
strategies and you find a trust worthy investor
to work with. You scout a dozen or so houses
and just two of them close in a month.
That can be $2000 in your bank account for an
hour of work. But really you can find hundreds
of properties in an hour.
meat first but they may only have baby
teeth or just gums.
Most of the time that is what really keeps
us from making a decision to buy or keep
us on the fence.
So here is the meat that you want and its
cooked to perfection.
This is straight out the E-manual."When just starting out
and new to real estate investing, becoming a bird dog for
a seasoned investor is a great way for you to learn your
current real estate market. A bird dog is someone who
goes out and snoops out profitable deals for rehabbers,
landlords, and wholesalers. Bird Dogs in my marketplace
usually make between $500 to $1,000 finder fees for their
services. Becoming a bird dog has little risk, takes no money
or credit, just hard work and time."
So right here you can make thousands of bucks
a month if you take action. With this alone you
can live a great life.
Ok let me break it down for you a little more.
Let's say you used my Flop 2 Flip bird dog
strategies and you find a trust worthy investor
to work with. You scout a dozen or so houses
and just two of them close in a month.
That can be $2000 in your bank account for an
hour of work. But really you can find hundreds
of properties in an hour.
Perfect Money-Making Opportunity
Right now is the best time in history to make big money with
Real Estate Finder's Fees... by simply finding houses in your area
that people want to sell.
The Recession has made this the perfect money-making opportunity
right now!
As you know, there's a nationwide "fire sale" of deeply
discounted houses... a growing number of property owners eager or
even desperate to sell their houses.
These buyers will pay you $3,000 to $15,000+ for each house you
find for them!
I have invented an amazing way you can easily earn very large
sums of money for just "finding" certain types of houses that
these "Investor-Buyers" want to buy right now in your home town.
NO experience is required. And you do NOT need any money or
credit to do this.
To find out how you can start doing this today register for a
webinar I'm holding tomorrow at 2:00 pm and 9:00 pm EST. Choose the
Real Estate Finder's Fees... by simply finding houses in your area
that people want to sell.
The Recession has made this the perfect money-making opportunity
right now!
As you know, there's a nationwide "fire sale" of deeply
discounted houses... a growing number of property owners eager or
even desperate to sell their houses.
These buyers will pay you $3,000 to $15,000+ for each house you
find for them!
I have invented an amazing way you can easily earn very large
sums of money for just "finding" certain types of houses that
these "Investor-Buyers" want to buy right now in your home town.
NO experience is required. And you do NOT need any money or
credit to do this.
To find out how you can start doing this today register for a
webinar I'm holding tomorrow at 2:00 pm and 9:00 pm EST. Choose the
http://www2.onlinemeetingnow.com/register/?id=c545c049ff
Register for my webinar tonight at the link below:
http://www2.onlinemeetingnow.com/register/?id=c545c049ff
On the webinar you'll learn...
* How to make big money for simply FINDING certain types of houses in your area.
* How to earn $3,000 to $15,000 for each house you find.
* How to do this working part-time from home.
* How you get paid in TWO simple steps.
* How you can get started today.
I'm conducting two webinars tomorrow at 2:00 pm and 9:00 pm EST.
http://www2.onlinemeetingnow.com/register/?id=c545c049ff
On the webinar you'll learn...
* How to make big money for simply FINDING certain types of houses in your area.
* How to earn $3,000 to $15,000 for each house you find.
* How to do this working part-time from home.
* How you get paid in TWO simple steps.
* How you can get started today.
I'm conducting two webinars tomorrow at 2:00 pm and 9:00 pm EST.
Flop 2 Flip strategies
Following Flop 2 Flip strategies you will embrace a
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in buFollowing Flop 2 Flip strategies you will embrace a
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in buFollowing Flop 2 Flip strategies you will embrace a
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in business to be inline
with Zig's philosophy.
It's the cornerstone of EVERYTHING I do. The end result is
that I create a crowd of buyers that will buy my wholesale deals
over and over again. (Because I have already earned their trust.)
It creates long term customers. And this, my friend, is where all
the REAL MONEY is at.
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in buFollowing Flop 2 Flip strategies you will embrace a
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in buFollowing Flop 2 Flip strategies you will embrace a
certain philosophy - a way of doing business and a
go getter philosophy.
By the end of the Flop 2 Flip training this philosophy
will make more sense to you.
But the nutshell of it is this: It is about doing things that
really matter and has REAL VALUE. Its about building
long term relationships with people.
It presumes the attitude that you look at everybody who
you want to do business with, buyers and sellers of real
estate... and decide you're going to go and get some deals
done. You see its not only about money for your pockets.
Its also about helping people get what they need as well.
(Reread that paragraph again. Let it sink in.) Zig Ziglar calls
this reciprocity. If you help enough people get what they want
you can have everything you want.
Since 2005 I've based everything I do in business to be inline
with Zig's philosophy.
It's the cornerstone of EVERYTHING I do. The end result is
that I create a crowd of buyers that will buy my wholesale deals
over and over again. (Because I have already earned their trust.)
It creates long term customers. And this, my friend, is where all
the REAL MONEY is at.
7 Keys to Success When Buying A Home WIth Owner Financing
I hope you're having a great day, I wanted to send a quick email about some important keys to a smooth owner finance transaction.
As with anything in life, having a team of experts in your corner will ensure you don't fall through too many traps and make unnecessary mistakes that could have been prevented.
Owner finance transactions are no exception. I have created a team of people I work with to get experts in ever field on our side once we find a a home and write up an offer contract.
These people are incredibly important to have in our corner to give you the most leverage and the most protection.
1. An owner finance specialist.
This one is easy, cause that's me... :-)
There are many different variations of owner finance transactions and many sellers will SAY they are offering owner financing but in reality, you aren't getting legal title.
Examples of these transactions are things like Land Contracts, Contract For Deed, Installment Contract, Equity Holding Trusts, Rent To Own, Lease Options or Lease Purchase, among others.
By working with someone like me, who specializes in owner financing, I can explain the differences in each of these transactions and offer recommendations to help you make educated decisions on which one might be best for you.
2. A Lender or mortgage broker.
Having a lender on your team will not only help you win favor with the seller, but it will ensure a higher rate of success in your mission to get refinanced within the terms you agree to in your contract.
This will be especially important when you want to make an offer on a home for the following reason: If you are competing against any other buyers for the same property, this one thing alone can give you the upper hand.
3. A Credit repair company.
For anyone who needs help improving their credit, hiring a credit repair company is going to give you more leverage when making an offer on a home. Plus, it will give you peace of mind.
Many buyers get incredibly overwhelmed with the process of repairing their credit. They think they can do it on their own but suddenly 2 years have past and they never found the time to sit down, write all the letters and keep up with the timelines of each credit bureau.
On the other hand, buyers who hired credit repair companies to help them were many times in a position to be able to refinance within 12 short months.
4. A Real Estate Attorney.
This is the most important one of all, and rest assured, I have a real estate attorney on my team! This is absolutely imperative that we are working with an attorney who specializes in these transactions because attorney's who specialize in owner financing will keep up to date on all the state laws and ensure we are all protected.
5. Title companies.
Most of the time, I do my closings in an attorney's office but it is very important that if we aren't closing at an real estate attorney's office, then we need to close at a title company. Again, this is just another layer of protection for you.
Title companies are required to have licensed closing agents and attorneys on staff and they will act as a neutral third party witness to the contract in case there are any future disputes.
6. Third-Party Servicing Companies.
I think I mentioned this to you the other day in one of my emails. A third-party servicing company is responsible for all incoming payments pertaining to the property and they distribute the money to the appropriate parties. This is the most reliable way to go in any owner finance transaction to protect yourself and be able to track and prove all the payments you have made.
Many companies also maintain escrow accounts and make the annual payments as needed.
What I love most about this is that it takes a ton of responsibility off both the buyer and seller to ensure all parties are abiding by the contract terms. It also makes it easy for buyers and sellers to follow up on any questions they have to make sure everything is being handled as it should.
7. Insurance agent.
Working with an insurance agent who knows how to prepare a homeowners insurance binder in an owner finance transactions is absolutely critical.
When you find a property, we are going to discuss the two options you have with homeowner's insurance. The first will be to add yourself to the existing homeowners insurance policy as an additional insured.
The second option is to acquire your own homeowners insurance policy and list the seller as either the primary loss payee or secondary loss payee depending on if there is an underlying lien.
I personally recommend option #1 for a couple reasons. First, it's simpler, second, it saves you money at closing and third, there is no real danger of raising any flags with the bank when they see a insurance policy change.
As with anything in life, having a team of experts in your corner will ensure you don't fall through too many traps and make unnecessary mistakes that could have been prevented.
Owner finance transactions are no exception. I have created a team of people I work with to get experts in ever field on our side once we find a a home and write up an offer contract.
These people are incredibly important to have in our corner to give you the most leverage and the most protection.
1. An owner finance specialist.
This one is easy, cause that's me... :-)
There are many different variations of owner finance transactions and many sellers will SAY they are offering owner financing but in reality, you aren't getting legal title.
Examples of these transactions are things like Land Contracts, Contract For Deed, Installment Contract, Equity Holding Trusts, Rent To Own, Lease Options or Lease Purchase, among others.
By working with someone like me, who specializes in owner financing, I can explain the differences in each of these transactions and offer recommendations to help you make educated decisions on which one might be best for you.
2. A Lender or mortgage broker.
Having a lender on your team will not only help you win favor with the seller, but it will ensure a higher rate of success in your mission to get refinanced within the terms you agree to in your contract.
This will be especially important when you want to make an offer on a home for the following reason: If you are competing against any other buyers for the same property, this one thing alone can give you the upper hand.
3. A Credit repair company.
For anyone who needs help improving their credit, hiring a credit repair company is going to give you more leverage when making an offer on a home. Plus, it will give you peace of mind.
Many buyers get incredibly overwhelmed with the process of repairing their credit. They think they can do it on their own but suddenly 2 years have past and they never found the time to sit down, write all the letters and keep up with the timelines of each credit bureau.
On the other hand, buyers who hired credit repair companies to help them were many times in a position to be able to refinance within 12 short months.
4. A Real Estate Attorney.
This is the most important one of all, and rest assured, I have a real estate attorney on my team! This is absolutely imperative that we are working with an attorney who specializes in these transactions because attorney's who specialize in owner financing will keep up to date on all the state laws and ensure we are all protected.
5. Title companies.
Most of the time, I do my closings in an attorney's office but it is very important that if we aren't closing at an real estate attorney's office, then we need to close at a title company. Again, this is just another layer of protection for you.
Title companies are required to have licensed closing agents and attorneys on staff and they will act as a neutral third party witness to the contract in case there are any future disputes.
6. Third-Party Servicing Companies.
I think I mentioned this to you the other day in one of my emails. A third-party servicing company is responsible for all incoming payments pertaining to the property and they distribute the money to the appropriate parties. This is the most reliable way to go in any owner finance transaction to protect yourself and be able to track and prove all the payments you have made.
Many companies also maintain escrow accounts and make the annual payments as needed.
What I love most about this is that it takes a ton of responsibility off both the buyer and seller to ensure all parties are abiding by the contract terms. It also makes it easy for buyers and sellers to follow up on any questions they have to make sure everything is being handled as it should.
7. Insurance agent.
Working with an insurance agent who knows how to prepare a homeowners insurance binder in an owner finance transactions is absolutely critical.
When you find a property, we are going to discuss the two options you have with homeowner's insurance. The first will be to add yourself to the existing homeowners insurance policy as an additional insured.
The second option is to acquire your own homeowners insurance policy and list the seller as either the primary loss payee or secondary loss payee depending on if there is an underlying lien.
I personally recommend option #1 for a couple reasons. First, it's simpler, second, it saves you money at closing and third, there is no real danger of raising any flags with the bank when they see a insurance policy change.
Sunday, January 29, 2012
Owner Financing Can Work For You
A lot of buyers I work with ask me the if I think owner financing is the right way for them to go. To be honest, it all depends on your particular situation.
I mean, we all know that a major part of the 'American Dream' is home ownership. Yet, as lending guidelines have tightened, home ownership has become increasingly difficult.
For many buyers and possibly you too, this has left you with only one option if you want to buy a home and that's some type of owner financing strategy.
Buyers that can benefit from owner financing are...
- Credit Challenged buyers who may have experienced some late payments, collections or possibly bankruptcy.
- Self Employed Buyers who can't prove their income or have changed jobs recently also have a problem adhering to the strict lending guidelines.
- Traditional Buyers who may have great credit, but they have other issues, like lack of a 2 year employment history, that prevent them from obtaining a conventional bank loan.
- Individual Tax Identification Number (ITIN) Buyers which are foreign buyers with no social security number and have a hard time obtaining conventional loans in any market.
- Real Estate Investors who have reached the maximum limit of loans that they can get approved for with a traditional lending source.
Additionally, owner financing is great if you can't afford the high closing costs of a conventional loan because you can save thousands of dollars in closing costs when you are using owner financing.
Plus, owner financing is also ideal if you need to move into a home fast. It can take 30 - 45 days to close using conventional financing, but you can close on a owner finance home in less than a week.
I think that the more appropriate question to ask is, when is owner financing NOT right for me?
My answer to that is that if you are within 6 to 12 months of being able to get a bank loan, and that is your goal, then you need to crunch the numbers and evaluate the home purchase carefully to determine whether this type of purchase strategy is going to benefit you or not.
The biggest factor you'll want to consider is the price and value of the home. Since you'll be refinancing so soon, you will want to make sure the home is going to appraise or have a clause in the owner finance contract to protect you if it doesn't.
I mean, we all know that a major part of the 'American Dream' is home ownership. Yet, as lending guidelines have tightened, home ownership has become increasingly difficult.
For many buyers and possibly you too, this has left you with only one option if you want to buy a home and that's some type of owner financing strategy.
Buyers that can benefit from owner financing are...
- Credit Challenged buyers who may have experienced some late payments, collections or possibly bankruptcy.
- Self Employed Buyers who can't prove their income or have changed jobs recently also have a problem adhering to the strict lending guidelines.
- Traditional Buyers who may have great credit, but they have other issues, like lack of a 2 year employment history, that prevent them from obtaining a conventional bank loan.
- Individual Tax Identification Number (ITIN) Buyers which are foreign buyers with no social security number and have a hard time obtaining conventional loans in any market.
- Real Estate Investors who have reached the maximum limit of loans that they can get approved for with a traditional lending source.
Additionally, owner financing is great if you can't afford the high closing costs of a conventional loan because you can save thousands of dollars in closing costs when you are using owner financing.
Plus, owner financing is also ideal if you need to move into a home fast. It can take 30 - 45 days to close using conventional financing, but you can close on a owner finance home in less than a week.
I think that the more appropriate question to ask is, when is owner financing NOT right for me?
My answer to that is that if you are within 6 to 12 months of being able to get a bank loan, and that is your goal, then you need to crunch the numbers and evaluate the home purchase carefully to determine whether this type of purchase strategy is going to benefit you or not.
The biggest factor you'll want to consider is the price and value of the home. Since you'll be refinancing so soon, you will want to make sure the home is going to appraise or have a clause in the owner finance contract to protect you if it doesn't.
How to Avoid Owner Finance Scams
I just wanted to send another quick email to review some of the things you SHOULD be asking when we are out looking at homes.
We can discuss a lot of this in more detail if you have questions, but I wanted to get a head start so that you can be thinking about some of the things that we will want to watch out for.
Question: Do I get the deed?
As I mentioned earlier, owner financing transactions do give you the deed to the home and that is critical for your protection as the buyer. Homes that are advertising rent to own, lease option, land contract etc do not give you the deed. This is critical for you to understand to avoid owner finance scams that say you're getting full ownership rights when in fact, legal title is not being transferred to you at closing.
Question: What liens are on the property?
This is an important question because you will want to make sure all liens that are attached to the property have been fully disclosed before closing. there are no other liens attached to the home except the mortgage. Some examples of liens that may be attached to the home other than a mortgage might be judgements, IRS liens, vendors liens, etc.
The reason this is so important is because when we close on the house and title transfers to you, any liens on the property will transfer with the title which means you are stuck with them.
Of course, we will get a title search done before we close but this will save us time if we get all of this information up front.
Question: What are the terms of the balloon payment?
If you already read my free report, you'll remember that I discussed making sure you have a loan extension clause and an appraisal clause in the contract. These are all terms that are tied with the balloon payment.
It's important that we make sure that your balloon is long enough to get the home refinanced and has the necessary clauses to protect you from unforeseen issues.
Question: Will I have the right and the time to get a home inspection?
Inspections are really important to make sure there isn't anything seriously wrong with the property that isn't obvious when we go see the home.
Whenever we write up an offer, we will want to make sure you have the opportunity to get an inspection done before you commit any serious money in a contract.
We can discuss a lot of this in more detail if you have questions, but I wanted to get a head start so that you can be thinking about some of the things that we will want to watch out for.
Question: Do I get the deed?
As I mentioned earlier, owner financing transactions do give you the deed to the home and that is critical for your protection as the buyer. Homes that are advertising rent to own, lease option, land contract etc do not give you the deed. This is critical for you to understand to avoid owner finance scams that say you're getting full ownership rights when in fact, legal title is not being transferred to you at closing.
Question: What liens are on the property?
This is an important question because you will want to make sure all liens that are attached to the property have been fully disclosed before closing. there are no other liens attached to the home except the mortgage. Some examples of liens that may be attached to the home other than a mortgage might be judgements, IRS liens, vendors liens, etc.
The reason this is so important is because when we close on the house and title transfers to you, any liens on the property will transfer with the title which means you are stuck with them.
Of course, we will get a title search done before we close but this will save us time if we get all of this information up front.
Question: What are the terms of the balloon payment?
If you already read my free report, you'll remember that I discussed making sure you have a loan extension clause and an appraisal clause in the contract. These are all terms that are tied with the balloon payment.
It's important that we make sure that your balloon is long enough to get the home refinanced and has the necessary clauses to protect you from unforeseen issues.
Question: Will I have the right and the time to get a home inspection?
Inspections are really important to make sure there isn't anything seriously wrong with the property that isn't obvious when we go see the home.
Whenever we write up an offer, we will want to make sure you have the opportunity to get an inspection done before you commit any serious money in a contract.
What To Say and How To Talk To Sellers In Your Real Estate Transactions"
There are many times in your life when fear is an
appropriate response, but getting on the telephone should
not be one of them! As a real estate investor, the telephone
is an important tool for you; even in today's Internet Age,
the telephone is still the primary tool that you will be
using to communicate, but there are a large number of
investors who have problems using it.
Perhaps you start stuttering or get easily flustered; you
might simply freeze up and forget what you were going to
say. Though these can be serious impediments to your
business and your relationship with your sellers, this is
actually an entirely curable condition. You'll find that
with a little bit of work, some practice and by keeping a
certain set of instructions in mind, you will be able to
beat your "telephobia" for good!
Having said that the #1 way to beat telephobia is having a
phone script system in place. Do you have a script system
that prepares you to talk to sellers? If not make no mistake
about it you need one. A script system prepares you because
it enables you to rehearse and role play the possible
scenarios that you will encounter with sellers including
objections and responses to those objections. You will know
exactly what to say under any circumstance that you will
face with sellers . When you know exactly what to say, you
will close deals and make money, it's that simple.
Currently I'm having a Super Sale of 50% off the Original price
on my homestudy course entitled "What To Say and How To Talk To
Sellers In Your Real Estate Transactions". This amazing course
covers all the possible situations and objections that you will
encounter with sellers and how to appropriately respond to them.
appropriate response, but getting on the telephone should
not be one of them! As a real estate investor, the telephone
is an important tool for you; even in today's Internet Age,
the telephone is still the primary tool that you will be
using to communicate, but there are a large number of
investors who have problems using it.
Perhaps you start stuttering or get easily flustered; you
might simply freeze up and forget what you were going to
say. Though these can be serious impediments to your
business and your relationship with your sellers, this is
actually an entirely curable condition. You'll find that
with a little bit of work, some practice and by keeping a
certain set of instructions in mind, you will be able to
beat your "telephobia" for good!
Having said that the #1 way to beat telephobia is having a
phone script system in place. Do you have a script system
that prepares you to talk to sellers? If not make no mistake
about it you need one. A script system prepares you because
it enables you to rehearse and role play the possible
scenarios that you will encounter with sellers including
objections and responses to those objections. You will know
exactly what to say under any circumstance that you will
face with sellers . When you know exactly what to say, you
will close deals and make money, it's that simple.
Currently I'm having a Super Sale of 50% off the Original price
on my homestudy course entitled "What To Say and How To Talk To
Sellers In Your Real Estate Transactions". This amazing course
covers all the possible situations and objections that you will
encounter with sellers and how to appropriately respond to them.
Thursday, January 26, 2012
Brand new house flipping strategy
This is a brand new house flipping strategy that Jason will be
going over, and one thing he’s promised to do is show PROOF
that it works right now. He’ll be showing how he did 60 of these
deals within the last 12 months alone.
Jason: I'm getting access to "one off" REO's and Note deals
without having to chase down asset managers.
Me: What... Are these deals good?
Jason: Oh yeah... all of the deals I have closed so far have
been cheaper than anything else I have done and I don't have
to deal with agents or some receptionist to get to the decision
maker.
Me: How is that possible? Where is the list of these asset
managers.
Jason: I found a FREE list of the direct phone numbers for
all the decision makers that have access to these REO's
and note deals. And the great thing is they have deals in
all 50 States.
Me: Where can I get access to this list?
going over, and one thing he’s promised to do is show PROOF
that it works right now. He’ll be showing how he did 60 of these
deals within the last 12 months alone.
Jason: I'm getting access to "one off" REO's and Note deals
without having to chase down asset managers.
Me: What... Are these deals good?
Jason: Oh yeah... all of the deals I have closed so far have
been cheaper than anything else I have done and I don't have
to deal with agents or some receptionist to get to the decision
maker.
Me: How is that possible? Where is the list of these asset
managers.
Jason: I found a FREE list of the direct phone numbers for
all the decision makers that have access to these REO's
and note deals. And the great thing is they have deals in
all 50 States.
Me: Where can I get access to this list?
Case Study: 60+ deals closed in 2011 with NEW method
My two special guest speakers this week have been testing and
perfecting a brand new system over the past 12 months...
...and have over 60 case studies that they've closed just last year
alone. (That's approximately 5 deals per month... 1 per week!)
They're going to show you check after check after check of all the
RECENT deals they've done using this method, so trust me when
I say they are the real deal.
The good news for you is that they've agreed to show you how to:
- Find these below market properties without a marketing budget
- Flip these properties without any DEED RESTRICTIONS
- Flip short sale properties to family members or friends LEGALLY
and ETHICIALLY
- Get these properties under contract with $0 out of pocket
- Do this right now without the use of your own MONEY or CREDIT
….and much, much more!
perfecting a brand new system over the past 12 months...
...and have over 60 case studies that they've closed just last year
alone. (That's approximately 5 deals per month... 1 per week!)
They're going to show you check after check after check of all the
RECENT deals they've done using this method, so trust me when
I say they are the real deal.
The good news for you is that they've agreed to show you how to:
- Find these below market properties without a marketing budget
- Flip these properties without any DEED RESTRICTIONS
- Flip short sale properties to family members or friends LEGALLY
and ETHICIALLY
- Get these properties under contract with $0 out of pocket
- Do this right now without the use of your own MONEY or CREDIT
….and much, much more!
60+ deals in just the past 12 months alone
OK so you've heard all the rumors about short sale flipping, right?
Rumors like...
- 30 no flip clauses in short sale acceptance letter
- Freddie Mac black listing Investors that flip a lot of short sales
- Seasoning from the end buyers financing
- Government regulations from various government organization
- Non Investor friendly MLS rules
- Deficiency judgments and promissory notes against home owners
...and so on, and so on.
But what if I told you there was another way... a better way?
When you buy the note you become the bank which means that...
- There are no resale restrictions
- There is no short sale package
- There is no title seasoning for the end buyer
- You can guarantee the homeowner no deficiency judgment
- You can even legally give the homeowner money!
Now here is the thing...
In the past buying the note has been hard. Most banks won't sell
"one off" notes right?...
...WRONG!
This couldn't be further from the truth. You just have to know where
to look. There is a list of asset managers all over the country that
control these notes and on this call we're going to show you exactly
how to get that list for free!
Don't believe me?
Well we are even going to show you PROOF that we've used this
method on 60+ deals in just the past 12 months alone.
So get ready, 2012 is about to be your year!
Rumors like...
- 30 no flip clauses in short sale acceptance letter
- Freddie Mac black listing Investors that flip a lot of short sales
- Seasoning from the end buyers financing
- Government regulations from various government organization
- Non Investor friendly MLS rules
- Deficiency judgments and promissory notes against home owners
...and so on, and so on.
But what if I told you there was another way... a better way?
When you buy the note you become the bank which means that...
- There are no resale restrictions
- There is no short sale package
- There is no title seasoning for the end buyer
- You can guarantee the homeowner no deficiency judgment
- You can even legally give the homeowner money!
Now here is the thing...
In the past buying the note has been hard. Most banks won't sell
"one off" notes right?...
...WRONG!
This couldn't be further from the truth. You just have to know where
to look. There is a list of asset managers all over the country that
control these notes and on this call we're going to show you exactly
how to get that list for free!
Don't believe me?
Well we are even going to show you PROOF that we've used this
method on 60+ deals in just the past 12 months alone.
So get ready, 2012 is about to be your year!
Private money wholesaler”
MONEY!
You'll also discover...
- How to become a “private money wholesaler” and make
money solving the problem most investors overlook until
it’s too late – getting the money for their deals.
- How to always be in the position of power and choose
which deals you’d want to get involved in and which you’d
want to pass on.
- How to build a business that is largely unaffected by any
economic condition – simply because you have access to
the most important commodity of all – MONEY.
- Why if you’re still using the same investing methods that
worked a couple years ago, you’re just setting yourself up
for a slow and painful business suicide.
And much, much more!
You'll also discover...
- How to become a “private money wholesaler” and make
money solving the problem most investors overlook until
it’s too late – getting the money for their deals.
- How to always be in the position of power and choose
which deals you’d want to get involved in and which you’d
want to pass on.
- How to build a business that is largely unaffected by any
economic condition – simply because you have access to
the most important commodity of all – MONEY.
- Why if you’re still using the same investing methods that
worked a couple years ago, you’re just setting yourself up
for a slow and painful business suicide.
And much, much more!
The rich DO know things you don't!
Have you ever had a nagging feeling that the super
wealthy know a 'secret' that they aren't telling you
or have some 'special system or set of rules' that
they just won't share?
...and you know that if you could just get a hold of
that 'secret' you'd be able to level the playing field?
Well guess what?
...It's true!
The rich DO know things you don't! (That's why
they're rich!)
On tomorrow's FINAL encore presentation of this
week's training session, my special guest is going
to show you secret strategies of the super rich and
how you can use them too to build your wealth.
wealthy know a 'secret' that they aren't telling you
or have some 'special system or set of rules' that
they just won't share?
...and you know that if you could just get a hold of
that 'secret' you'd be able to level the playing field?
Well guess what?
...It's true!
The rich DO know things you don't! (That's why
they're rich!)
On tomorrow's FINAL encore presentation of this
week's training session, my special guest is going
to show you secret strategies of the super rich and
how you can use them too to build your wealth.
Private Money ARBITRAGE.
ARBITRAGE is the strategy banks have used for
hundreds of years to earn Bazillions of dollars off
other people's money!
You're going to discover...
- How to become a “private money wholesaler” and
make money solving the problem most investors
overlook until it’s too late – getting the money for
their deals.
- How to always be in the position of power and
choose which deals you’d want to get involved in
and which you’d want to pass on.
- How to build a business that is largely unaffected
by any economic condition – simply because you
have access to the most important commodity of
all – MONEY.
- Why if you are still using the same investing
methods that worked a couple years ago, you’re
just setting yourself up for a slow and painful
business suicide.
hundreds of years to earn Bazillions of dollars off
other people's money!
You're going to discover...
- How to become a “private money wholesaler” and
make money solving the problem most investors
overlook until it’s too late – getting the money for
their deals.
- How to always be in the position of power and
choose which deals you’d want to get involved in
and which you’d want to pass on.
- How to build a business that is largely unaffected
by any economic condition – simply because you
have access to the most important commodity of
all – MONEY.
- Why if you are still using the same investing
methods that worked a couple years ago, you’re
just setting yourself up for a slow and painful
business suicide.
A private lender
Now I know what you're thinking...
"I can’t be a private lender, I don’t have any money?"
Guess what? My special guests are going to show you
why that doesn’t matter.
Do you think the banks have all the money they lend out?
Of course not. They leverage funds and profit off the margins.
It's called arbitrage. And you can do it too.
The market is HUGE - demand is HIGH. And YOU can
profit by supplying that demand.
Imagine this...
--Massive Cashflow Without Tenants!
--Massive Cashflow Without Qualifying For Mortgages!
--Massive Cashflow Without Having Good Credit!
--Massive Cashflow Without Using Your Money!
--Massive Cashflow Without Owning Properties!
"I can’t be a private lender, I don’t have any money?"
Guess what? My special guests are going to show you
why that doesn’t matter.
Do you think the banks have all the money they lend out?
Of course not. They leverage funds and profit off the margins.
It's called arbitrage. And you can do it too.
The market is HUGE - demand is HIGH. And YOU can
profit by supplying that demand.
Imagine this...
--Massive Cashflow Without Tenants!
--Massive Cashflow Without Qualifying For Mortgages!
--Massive Cashflow Without Having Good Credit!
--Massive Cashflow Without Using Your Money!
--Massive Cashflow Without Owning Properties!
100% Financing / Down Payment Funding / Unsecured Line of Credit
We would like to share with you our #1 Real Estate Funding Data Base, where you will find a lot of funding option and services for real estate investments.
Our funding and services included Down Payment Assistance and 100% Financing.
Our Benefits:
* + We will help you evaluate your deal
* + Email Customer Service (fast respond)
* + Live access to Lender
* + You can get 100% Financing
* + Down Payment Assistance
* + You will get “skin in the game”
* + You can buy real estate property almost without any money
* + You can get funds to cover closing cost
* + We will guide you step by step to your real estate closing
What is included?
* 100% Financing
* Down Payment Assistance Programs
* Apartment Buildings Loans
* Mobile Home Parks Loans
* Hard Money Loans
* All Commercial Loans
* Gas Station Loans
* Business Line of Credit
* Private & Equity Loans
* Loans with Seller Financing
* REO Loans
* Transactional Lenders for 100% Cash
* Proof of Funds
Our funding and services included Down Payment Assistance and 100% Financing.
Our Benefits:
* + We will help you evaluate your deal
* + Email Customer Service (fast respond)
* + Live access to Lender
* + You can get 100% Financing
* + Down Payment Assistance
* + You will get “skin in the game”
* + You can buy real estate property almost without any money
* + You can get funds to cover closing cost
* + We will guide you step by step to your real estate closing
What is included?
* 100% Financing
* Down Payment Assistance Programs
* Apartment Buildings Loans
* Mobile Home Parks Loans
* Hard Money Loans
* All Commercial Loans
* Gas Station Loans
* Business Line of Credit
* Private & Equity Loans
* Loans with Seller Financing
* REO Loans
* Transactional Lenders for 100% Cash
* Proof of Funds
REOs
I gonna get on the "high horse" today and rant a little
and let you know that this kind of action by lenders will
be another FEEBLE attempt to fix the housing market.
I'm currently buying houses at auction and it amazes me
me on a daily basis that only about 10%-15% of the properties
that actually go to the auction block are sold to 3rd party
bidders because the lenders seem to think that they will
fair better by taking them back as REOs.
Check out some of the stats from the auction below. After
you check that out, read the article about how Fannie Mae
and Freddie Mac have brilliant ideas of renting the cajillion
REOs that have in inventory bc they aren't willing to just
sell them at auction.
and let you know that this kind of action by lenders will
be another FEEBLE attempt to fix the housing market.
I'm currently buying houses at auction and it amazes me
me on a daily basis that only about 10%-15% of the properties
that actually go to the auction block are sold to 3rd party
bidders because the lenders seem to think that they will
fair better by taking them back as REOs.
Check out some of the stats from the auction below. After
you check that out, read the article about how Fannie Mae
and Freddie Mac have brilliant ideas of renting the cajillion
REOs that have in inventory bc they aren't willing to just
sell them at auction.
1 in 8 people are in foreclosure right now
It can be full-time or very part-time.
All it entails is finding foreclosed houses and referring them
to a list of landlords.
You'll make anywhere from $2,250 to $10,500 for each one.
As you know, 1 in 8 people are in foreclosure right now. So
this is a bit of a no-brainer. Walk outside, throw a rock, and
you'll probably smash the window of a foreclosed house.
The good news? You're already qualified.
The bad news? So are 100 other people in your city...
...and he only wants a few of you.
If you are broke, unemployed, living week to week, hating
your job, or just wanting a better life for yourself... you need
to watch this video now.
Success and nothing less,
All it entails is finding foreclosed houses and referring them
to a list of landlords.
You'll make anywhere from $2,250 to $10,500 for each one.
As you know, 1 in 8 people are in foreclosure right now. So
this is a bit of a no-brainer. Walk outside, throw a rock, and
you'll probably smash the window of a foreclosed house.
The good news? You're already qualified.
The bad news? So are 100 other people in your city...
...and he only wants a few of you.
If you are broke, unemployed, living week to week, hating
your job, or just wanting a better life for yourself... you need
to watch this video now.
Success and nothing less,
100% No Cost program
100% F.re.e
* No Cost... Ever
* Pays Daily
* 4 year track record
* Full Training Provided
* Automated System Included
* Proven income model
Now anyone, ANYONE, can make money
from home.
No more excuses.
No more roadblocks
No more "price" barriers
This is 4+ years old.
I literally sat on the sidelines for 1 whole month
watching, waiting and analyzing this program.
3 of my online buddies raked in between $7,000 - $10,000
EACH during the last month.
WHAT?
From a f.r.e.e biz?
Yeah... and I can no longer sit on the sidelines watching
other people cash in on this 100% No Cost program.
I'm in the game now and I'm excited!
Care to take a gander at what's got me so pumped up?
* No Cost... Ever
* Pays Daily
* 4 year track record
* Full Training Provided
* Automated System Included
* Proven income model
Now anyone, ANYONE, can make money
from home.
No more excuses.
No more roadblocks
No more "price" barriers
This is 4+ years old.
I literally sat on the sidelines for 1 whole month
watching, waiting and analyzing this program.
3 of my online buddies raked in between $7,000 - $10,000
EACH during the last month.
WHAT?
From a f.r.e.e biz?
Yeah... and I can no longer sit on the sidelines watching
other people cash in on this 100% No Cost program.
I'm in the game now and I'm excited!
Care to take a gander at what's got me so pumped up?
Some real estate investors are STILL making money
Do you want to learn how to make money like bankers -
little risk and lots of gain?
Some real estate investors are STILL making money,
but they are also taking most of the risk.
In today's market, NO ONE can afford that.
How would you like to take LESS RISK and make MORE
money as a lender without having to make offers, rehab
properties or deal with tenants?
Private Lending has been around for decades and with
good reason. It's a GREAT way to generate passive
cash flow without the hassles of real estate ownership.
Only the wealthy have been doing it to generate massive
cashflow for their families, without ever sharing their secrets!
It gets better...
Imagine being able to make thousands of dollars a month
without buying properties, signing on mortgages, having
good credit or dealing with tenants!
Imagine this...
-- Massive Cashflow Without Tenants!
-- Massive Cashflow Without Qualifying For Mortgages!
-- Massive Cashflow Without Having Good Credit!
-- Massive Cashflow Without Using Your Money!
-- Massive Cashflow Without Owning Properties!
This is your chance to learn the secrets the wealthy
have never ever shared with anyone els
little risk and lots of gain?
Some real estate investors are STILL making money,
but they are also taking most of the risk.
In today's market, NO ONE can afford that.
How would you like to take LESS RISK and make MORE
money as a lender without having to make offers, rehab
properties or deal with tenants?
Private Lending has been around for decades and with
good reason. It's a GREAT way to generate passive
cash flow without the hassles of real estate ownership.
Only the wealthy have been doing it to generate massive
cashflow for their families, without ever sharing their secrets!
It gets better...
Imagine being able to make thousands of dollars a month
without buying properties, signing on mortgages, having
good credit or dealing with tenants!
Imagine this...
-- Massive Cashflow Without Tenants!
-- Massive Cashflow Without Qualifying For Mortgages!
-- Massive Cashflow Without Having Good Credit!
-- Massive Cashflow Without Using Your Money!
-- Massive Cashflow Without Owning Properties!
This is your chance to learn the secrets the wealthy
have never ever shared with anyone els
Sunday, January 15, 2012
"Today is the best time to invest in real estate by using private money
You know the real reason most people today aren't
rich?
It's because they postpone being rich :-)
Seriously.
You tell them, "Today is the best time to invest in real
estate and how them a couple hundred success stories
and they reply, "Uh... Maybe when the market improves."
It's like a man standing in front of a machine that prints
real money saying, "I'm too lazy to make money today.
I'll do it tomorrow..."
...And says the same thing every single day.
I mean, "HELLO!" :-)
Even if it's not in real estate. Even if you want to keep
your job. How many times did you have a great idea
you were too lazy (or too shy) to tell top management
and it turned out, someone else came up with the same
idea, told the big wigs about it and got promoted?
Other people even defend this propensity to procrastinate
by saying, "The early bird may catch the worm, but the
second mouse gets the cheese!" :-)
But most don't even end up as the second or third or
even tenth mouse... they just remain as a mouse...
worse yet, a rat (especially when it comes to complaining
about who gets what, when and where)
The point is, don't make consciousness simply be
that annoying time between naps.
Do something to get what you want. Learn something
new everyday. Take a step closer to your goals every
chance you get. Stop, postponing being rich.
Remember that real estate investing course you bought
ages ago that's now become an effective dust-collector?
Go dig it up and actually go through it.
How about those free implementation blueprints you
got from attending a webinar some time ago? Find
it and apply it.
Want to lose those extra pounds before Christmas
(so you can gain them back during the holidays)? Go
out and run.
Again, as I always say, just DO IT! :-)
People who wait around for success, always end up
missing it :-)
Do it!
rich?
It's because they postpone being rich :-)
Seriously.
You tell them, "Today is the best time to invest in real
estate and how them a couple hundred success stories
and they reply, "Uh... Maybe when the market improves."
It's like a man standing in front of a machine that prints
real money saying, "I'm too lazy to make money today.
I'll do it tomorrow..."
...And says the same thing every single day.
I mean, "HELLO!" :-)
Even if it's not in real estate. Even if you want to keep
your job. How many times did you have a great idea
you were too lazy (or too shy) to tell top management
and it turned out, someone else came up with the same
idea, told the big wigs about it and got promoted?
Other people even defend this propensity to procrastinate
by saying, "The early bird may catch the worm, but the
second mouse gets the cheese!" :-)
But most don't even end up as the second or third or
even tenth mouse... they just remain as a mouse...
worse yet, a rat (especially when it comes to complaining
about who gets what, when and where)
The point is, don't make consciousness simply be
that annoying time between naps.
Do something to get what you want. Learn something
new everyday. Take a step closer to your goals every
chance you get. Stop, postponing being rich.
Remember that real estate investing course you bought
ages ago that's now become an effective dust-collector?
Go dig it up and actually go through it.
How about those free implementation blueprints you
got from attending a webinar some time ago? Find
it and apply it.
Want to lose those extra pounds before Christmas
(so you can gain them back during the holidays)? Go
out and run.
Again, as I always say, just DO IT! :-)
People who wait around for success, always end up
missing it :-)
Do it!
FYI - "How to Make $5,000 - $10,000 in the Next 29 Days
Learn how you can create your own financial
destiny like these students did:
"...in June I made $20,000, in July I made $18,000,
and so far in August I have made $14,000 ...I
currently have under contract two new properties
that will net me at least $25,000 per deal. I used
Wendy's techniques in all but one of these deals.
Wendy, THANK YOU for all that you have done and
the knowledge you've shared with us."
---Scott Teerink, Phoenix, AZ
"Within 6 months of meeting Wendy our monthly cash
flow went from $0 to $2,700 a month, and we will
profit over $500,000 just by using the techniques
she teaches....
--Debra Larson, Brandeton, FL
"I am about to close my first house using Wendy's
techniques. This is a 'pretty house' that needs
nothing, worth $135,000. Got in for $800/month for
3 years then $110,000 with $0 down.
Will get our $3,000 option fee + $1,000/month for
18 months, then $139,000. Yikes! This stuff really
works! ...I have total control of this beautiful
property for 0 down!
destiny like these students did:
"...in June I made $20,000, in July I made $18,000,
and so far in August I have made $14,000 ...I
currently have under contract two new properties
that will net me at least $25,000 per deal. I used
Wendy's techniques in all but one of these deals.
Wendy, THANK YOU for all that you have done and
the knowledge you've shared with us."
---Scott Teerink, Phoenix, AZ
"Within 6 months of meeting Wendy our monthly cash
flow went from $0 to $2,700 a month, and we will
profit over $500,000 just by using the techniques
she teaches....
--Debra Larson, Brandeton, FL
"I am about to close my first house using Wendy's
techniques. This is a 'pretty house' that needs
nothing, worth $135,000. Got in for $800/month for
3 years then $110,000 with $0 down.
Will get our $3,000 option fee + $1,000/month for
18 months, then $139,000. Yikes! This stuff really
works! ...I have total control of this beautiful
property for 0 down!
Real Estate Techniques
* A technique that works like gangbusters in all
markets, even where appreciation is flat or
declining
* How to profit from the properties that Realtors
and other investors avoid
* How to generate GREAT deals from Realtors
* Why lease options and are so lucrative,
especially in today's market
* How to find the deals that will make you
$5,000, $10,000, and more in pure profit
* How to do these deals with none of your own
money or credit (even "shaky" credit is okay)
* Why these approaches do not require that you
qualify for "bank financing" (which is getting
more and more difficult in our current markets)
* Five reasons why homebuyers will gladly pay MORE
than the retail value of a home
* Exit strategies: How to cash in on your deals and
put the profit in your pocket
* How to "control" real estate without owning it
(you get all the benefits without all the
liabilities)
* How these techniques can be a true "win-win" for
you and your homebuyers
markets, even where appreciation is flat or
declining
* How to profit from the properties that Realtors
and other investors avoid
* How to generate GREAT deals from Realtors
* Why lease options and are so lucrative,
especially in today's market
* How to find the deals that will make you
$5,000, $10,000, and more in pure profit
* How to do these deals with none of your own
money or credit (even "shaky" credit is okay)
* Why these approaches do not require that you
qualify for "bank financing" (which is getting
more and more difficult in our current markets)
* Five reasons why homebuyers will gladly pay MORE
than the retail value of a home
* Exit strategies: How to cash in on your deals and
put the profit in your pocket
* How to "control" real estate without owning it
(you get all the benefits without all the
liabilities)
* How these techniques can be a true "win-win" for
you and your homebuyers
"How To Estimate A Rehab in 15 Minutes
Our recent two part training series with
Jerry Norton was recorded so everyone
who was not able to make it can now
access all the great information they
missed on the actual call.
ATTENTION: We will only have
the recordings available for the next
3-4 days. After this time, access to
the recordings will be removed.
"How To Estimate A Rehab in 15 Minutes
and Profit $25K to $50K Per Deal"
Visit the download page below for more info
Jerry Norton was recorded so everyone
who was not able to make it can now
access all the great information they
missed on the actual call.
ATTENTION: We will only have
the recordings available for the next
3-4 days. After this time, access to
the recordings will be removed.
"How To Estimate A Rehab in 15 Minutes
and Profit $25K to $50K Per Deal"
Visit the download page below for more info
http://www.REISecrets.com/webinar
My two special guest speakers this week have been testing and
perfecting a brand new system over the past 12 months...
...and have over 60 case studies that they've closed just last year
alone. (That's approximately 5 deals per month... 1 per week!)
They're going to show you check after check after check of all the
RECENT deals they've done using this method, so trust me when
I say they are the real deal.
The good news for you is that they've agreed to show you how to:
- Find these below market properties without a marketing budget
- Flip these properties without any DEED RESTRICTIONS
- Flip short sale properties to family members or friends LEGALLY
and ETHICIALLY
- Get these properties under contract with $0 out of pocket
- Do this right now without the use of your own MONEY or CREDIT
….and much, much more!
Seats for this training webinar are filling up fast, so don’t be left out.
Register now...
http://www.REISecrets.com/webinar
There's also going to be a Q&A session at the end to make sure you
understands this 100%.
Success and nothing less,
perfecting a brand new system over the past 12 months...
...and have over 60 case studies that they've closed just last year
alone. (That's approximately 5 deals per month... 1 per week!)
They're going to show you check after check after check of all the
RECENT deals they've done using this method, so trust me when
I say they are the real deal.
The good news for you is that they've agreed to show you how to:
- Find these below market properties without a marketing budget
- Flip these properties without any DEED RESTRICTIONS
- Flip short sale properties to family members or friends LEGALLY
and ETHICIALLY
- Get these properties under contract with $0 out of pocket
- Do this right now without the use of your own MONEY or CREDIT
….and much, much more!
Seats for this training webinar are filling up fast, so don’t be left out.
Register now...
http://www.REISecrets.com/webinar
There's also going to be a Q&A session at the end to make sure you
understands this 100%.
Success and nothing less,
CashFlowDepot.com
Could you do that? Would you do that?
I also got a "not so nice" email from a struggling investor who said all the investors he knows are bankrupt and losing money and he thought I was not telling the truth to say that real estate investing is easy.
I explained that they must be getting their real estate education from the WRONG places if they are struggling or bankrupt.
At CashFlowDepot.com we teach people how to find deals, how to remove the risks, and how to make cash and cash flow the "right way"!
But, it's not going to just happen without considerable effort on your part. You can't find deals when you're sitting in front of the TV watching football or the newest reality tv.
You can't learn how to make money with real estate and create financial security unless you're willing to devote time every week to studying the online seminars and lessons at CashFlowDepot - THEN IMPLEMENTING THE THINGS YOU LEARN. That means you'll have to give up other things in your weekly routine to make time to learn, time to talk to sellers, and time to do deals.
The good news is, you can't lose money if you don't put any money up! Read that again and let it sink in. You can't lose money if you don't put any money up!
If you DON'T BUY the property or get bank financing you will avoid risks.
Using options, you can control real estate ( and cash and cash flow) with no risks. We teach you all about getting options in the online seminars which come with your membership at CashFlowDepot.com
Here's an example of a deal I just did:
Just 9 days ago, I got a call from a lady who inherited a property. She was ready to just give it back to the bank because the property needed repairs and two sales had fallen through. She was frustrated and at her wits end! Did I mention that she lives 4 hours away from the property!
I explained that I was not interested in buying the house but I had several ways I could help get it sold quickly. Because I'm not a real estate agent ( and would not take a license if they were giving them away) I needed to get a contract to buy the house to be able to sell it and still make a profit. The contract gave me an equitable interest in the property. It also stated that my plan was to resell the house within 7 days and if I couldn't I would cancel the contract.
How much money did I put up to get the option? Not a penny! Zero! Zip! Nada!
So, how much could I lose?
My option price was $53,500 which was the underlying loan balance. There are only 15 years left on the mortgage. The house is worth $120,000 fixed up. It needs about $7,000 in repairs to be in top-top shape. This is a two story house. It's a 4 bedroom + office, 2 bath, 2 car oversized garage house on about 1 acre. It also includes a separate 2000sf metal building with an office. It even has a view of a lake from the 2nd floor.
The seller and I agreed that ideally I'd find a cash buyer so the underlying loan would be paid off. She didn't want to deal with making payments any more. So I arranged for some private lenders to finance the purchase.
But I also explained to the seller that we'd get a better sales price if we offered seller financing. The seller agreed that for the right buyer with a good down payment, it would be ok to sell with seller financing that wraps the underlying loan.
I ran ads on craigslist that I was having a 1 day open house and the property would be sold to the HIGHEST BIDDER. I also sent out an email to everyone on my buyers list to let them know about the open house.
The offers started coming in right away. I got 7 offers for the property.
The best offer was for $66,000 with $12,500 down.
This is an owner occupant who is thrilled to get the opportunity to buy a house without getting bank financing.
The attorney charged $500 to close which left a $12,000 profit on a house I did not own and did not have any money invested in.
That's how you make money without risks!
Oh, and did I mention that there will be a nice CASH FLOW every month between the difference in the monthly payment I collect and the monthly payment I make to the underlying lender.
What's the worst that can happen? The buyer fixes up the house, stops paying me, then I get to sell the house AGAIN for even more.
If you think these kinds of deals don't exist in your town, think again! Do people die in your town? Sure they do. And I assure you that the last thing the heirs want is to deal with a property they don't want... especially a house that is far away.
Other things that cause sellers to be motivated - they lose jobs, get sick, get divorced, legal issues, spouse dies, outgrow the house, etc...
Does any of that happen in your town? You bet it does? That's why I can say these kinds of deals are all around you!
Some of the best deals are when the house just needs a lot of repairs. But guess what, you won't find many of these in the "nice" neighborhoods. That means that you'll have to get out of your comfort zone and drive around neighborhoods on the other side of town or in areas where you would not normally go if you want to find opportunity.
Like I said before, you can't be successful at a real estate business if you're just sitting at home in front of the TV or the computer. You need to get out there and drive neighborhoods. Knock on doors. Talk to people. You need to learn to do marketing which will get a steady flow of leads coming in to you too. You need to "get the word out" that you're looking for motivated sellers. The more you do, the more deals you'll do!
We teach you what to do and how to do it at CashFlowDepot.com
This really can be easy, if you're willing to devote the time to learn and implement what you learn at CashFlowDepot.com
To Your Success,
Jackie Lange
P.S. Compare my profit on the $66,000 sale with what a real estate agent would make with their 6% commission split up in multiple ways... not to mention that the typical agent would not secure a buyer and a closing in 9 days. If they were lucky, they'd make 3% of $1,900. But more likely, they'd make just $800 commission because the commission would be split 4 ways.
See why OPTIONS are better! Jack Miller often said when he stopped charging commissions and started using options his business and his profits when through the roof!
I also got a "not so nice" email from a struggling investor who said all the investors he knows are bankrupt and losing money and he thought I was not telling the truth to say that real estate investing is easy.
I explained that they must be getting their real estate education from the WRONG places if they are struggling or bankrupt.
At CashFlowDepot.com we teach people how to find deals, how to remove the risks, and how to make cash and cash flow the "right way"!
But, it's not going to just happen without considerable effort on your part. You can't find deals when you're sitting in front of the TV watching football or the newest reality tv.
You can't learn how to make money with real estate and create financial security unless you're willing to devote time every week to studying the online seminars and lessons at CashFlowDepot - THEN IMPLEMENTING THE THINGS YOU LEARN. That means you'll have to give up other things in your weekly routine to make time to learn, time to talk to sellers, and time to do deals.
The good news is, you can't lose money if you don't put any money up! Read that again and let it sink in. You can't lose money if you don't put any money up!
If you DON'T BUY the property or get bank financing you will avoid risks.
Using options, you can control real estate ( and cash and cash flow) with no risks. We teach you all about getting options in the online seminars which come with your membership at CashFlowDepot.com
Here's an example of a deal I just did:
Just 9 days ago, I got a call from a lady who inherited a property. She was ready to just give it back to the bank because the property needed repairs and two sales had fallen through. She was frustrated and at her wits end! Did I mention that she lives 4 hours away from the property!
I explained that I was not interested in buying the house but I had several ways I could help get it sold quickly. Because I'm not a real estate agent ( and would not take a license if they were giving them away) I needed to get a contract to buy the house to be able to sell it and still make a profit. The contract gave me an equitable interest in the property. It also stated that my plan was to resell the house within 7 days and if I couldn't I would cancel the contract.
How much money did I put up to get the option? Not a penny! Zero! Zip! Nada!
So, how much could I lose?
My option price was $53,500 which was the underlying loan balance. There are only 15 years left on the mortgage. The house is worth $120,000 fixed up. It needs about $7,000 in repairs to be in top-top shape. This is a two story house. It's a 4 bedroom + office, 2 bath, 2 car oversized garage house on about 1 acre. It also includes a separate 2000sf metal building with an office. It even has a view of a lake from the 2nd floor.
The seller and I agreed that ideally I'd find a cash buyer so the underlying loan would be paid off. She didn't want to deal with making payments any more. So I arranged for some private lenders to finance the purchase.
But I also explained to the seller that we'd get a better sales price if we offered seller financing. The seller agreed that for the right buyer with a good down payment, it would be ok to sell with seller financing that wraps the underlying loan.
I ran ads on craigslist that I was having a 1 day open house and the property would be sold to the HIGHEST BIDDER. I also sent out an email to everyone on my buyers list to let them know about the open house.
The offers started coming in right away. I got 7 offers for the property.
The best offer was for $66,000 with $12,500 down.
This is an owner occupant who is thrilled to get the opportunity to buy a house without getting bank financing.
The attorney charged $500 to close which left a $12,000 profit on a house I did not own and did not have any money invested in.
That's how you make money without risks!
Oh, and did I mention that there will be a nice CASH FLOW every month between the difference in the monthly payment I collect and the monthly payment I make to the underlying lender.
What's the worst that can happen? The buyer fixes up the house, stops paying me, then I get to sell the house AGAIN for even more.
If you think these kinds of deals don't exist in your town, think again! Do people die in your town? Sure they do. And I assure you that the last thing the heirs want is to deal with a property they don't want... especially a house that is far away.
Other things that cause sellers to be motivated - they lose jobs, get sick, get divorced, legal issues, spouse dies, outgrow the house, etc...
Does any of that happen in your town? You bet it does? That's why I can say these kinds of deals are all around you!
Some of the best deals are when the house just needs a lot of repairs. But guess what, you won't find many of these in the "nice" neighborhoods. That means that you'll have to get out of your comfort zone and drive around neighborhoods on the other side of town or in areas where you would not normally go if you want to find opportunity.
Like I said before, you can't be successful at a real estate business if you're just sitting at home in front of the TV or the computer. You need to get out there and drive neighborhoods. Knock on doors. Talk to people. You need to learn to do marketing which will get a steady flow of leads coming in to you too. You need to "get the word out" that you're looking for motivated sellers. The more you do, the more deals you'll do!
We teach you what to do and how to do it at CashFlowDepot.com
This really can be easy, if you're willing to devote the time to learn and implement what you learn at CashFlowDepot.com
To Your Success,
Jackie Lange
P.S. Compare my profit on the $66,000 sale with what a real estate agent would make with their 6% commission split up in multiple ways... not to mention that the typical agent would not secure a buyer and a closing in 9 days. If they were lucky, they'd make 3% of $1,900. But more likely, they'd make just $800 commission because the commission would be split 4 ways.
See why OPTIONS are better! Jack Miller often said when he stopped charging commissions and started using options his business and his profits when through the roof!
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