You've been paying close attention to Foreclosure-Gate,
the scandal of the robo-signers signing "under penalty
of perjury" fake documents, signing documents without
reading the, fake court summonses...
GMAC and now at least one other huge bank are
NOT evicting homeowners, and in most case
NOT prosecuting foreclosure proceedings, because
of this giant fraud.
The whole chain of title we all depend upon has
been tainted, poisoned.
I don't know if you've been one of the Gell-dog's
loyal subscribers since 2007, but if you have been,
you'll be nodding your head.
"No I'm not surprised," you're telling yourself. "Richard
was talking about this in early 2008, about the
fraud in foreclosures and the s**t hitting the fan."
None of this will be a surprise, O Loyal Subscriber o'
mine.
What will happen from here is anyone's guess but
I have two important points to make.
1. First, Congress will get involved at some point
and pass a law that will favor the banks. It will
essentially say "if you acted in good faith then
you have no further liability. Title is quiet. Just
go about your business as before. All cool."
They ALWAYS bail out the banks.
2. The peeps in places like California that use
a NON JUDICIAL foreclosure process -- no doubt
they were BURNED BURNED BURNED.
What are the chances that widescale lender fraud
was only perpetrated against homeowners in
judicial foreclosure states like Florida?
But like my attorney buddy Maz says, in
California challenging a foreclosure requires
preparing EXPENSIVE legal papers for a
temporary restraining order, request for
preliminary injunction, etc. etc., because
you don't GO to court until you file a
LAW SUIT.
So if you are in California or Arizona or
other non-judicial foreclosure states,
you are gonna get SCREWED because you
don't have the recourse that they do in
JUDICIAL states such as Florida.
I'll keep you posted on this. But let's see
what they will do for us who do not
live in a judicial foreclosure state?
Meanwhile, speaking of real estate, I
want you to check out this quick video
I did. It's on a NEW opportunity that
is very important.
It's the equivalent of helping homeowners
stay in their homes.
This is about helping business owners
who are in desperate straits.
Saturday, November 13, 2010
Saturday, July 24, 2010
Buy/flip a mortgage
Have you wondered about how much you could make if you were able to
buy/flip a mortgage that is in default from a person who carried back
a mortgage when they sold their home (seller carry-back) or from the
bank at 20%-60% of the actual value?
In this marketplace, there are plenty of ways to make money, but you need
to be careful with your investing to make sure that you don't make a mistake.
Assuming that I was able to share with you exactly HOW to find these "notes"
and how to buy them at 20%-60% of the actual value... what if I could show
you how to do it without using your own cash or credit...?
In fact, if you've been unable to get a property at short sale, why not "Go in
the back door" and simply buy the note... You'll probably get an even better
deal!
Would you say that beats doing a short sale?
What could you do once you get the note?
You could:
* Foreclose
* Rehab the loan
* Deed-in-lieu of foreclosure
* Sell the note
* Plus a lot more options
Because of all the distress in the marketplace, you need to get
up to speed on making money with distressed mortgages and notes.
Rather than try to teach you myself, I"ve invited someone even
better (at this topic) to provide a special training on Cashing
In With Defaulted Paper.
Don't expect a big pitch to buy a home study course on this training,
since this is with my mastermind partner, Mike Warren.
He's going to share as much as he can with you during this training
and then if you want to stick around, he'll explain how his application
process for anyone who wants to partner up with him to take advantage of
the distressed notes that are availalble right now.
buy/flip a mortgage that is in default from a person who carried back
a mortgage when they sold their home (seller carry-back) or from the
bank at 20%-60% of the actual value?
In this marketplace, there are plenty of ways to make money, but you need
to be careful with your investing to make sure that you don't make a mistake.
Assuming that I was able to share with you exactly HOW to find these "notes"
and how to buy them at 20%-60% of the actual value... what if I could show
you how to do it without using your own cash or credit...?
In fact, if you've been unable to get a property at short sale, why not "Go in
the back door" and simply buy the note... You'll probably get an even better
deal!
Would you say that beats doing a short sale?
What could you do once you get the note?
You could:
* Foreclose
* Rehab the loan
* Deed-in-lieu of foreclosure
* Sell the note
* Plus a lot more options
Because of all the distress in the marketplace, you need to get
up to speed on making money with distressed mortgages and notes.
Rather than try to teach you myself, I"ve invited someone even
better (at this topic) to provide a special training on Cashing
In With Defaulted Paper.
Don't expect a big pitch to buy a home study course on this training,
since this is with my mastermind partner, Mike Warren.
He's going to share as much as he can with you during this training
and then if you want to stick around, he'll explain how his application
process for anyone who wants to partner up with him to take advantage of
the distressed notes that are availalble right now.
Thursday, July 15, 2010
Negotiation, including the Three Key Questions That Can Make You Rich
NEXT LESSON: Negotiation, including the Three Key Questions That
Can Make You Rich
SUGGESTED HOMEWORK: Go to http://www.cashflows.org and download
and study:
Preparing Note Packages That Get Funded
How To Answer Noteholders' Favorite Questions
7 Secrets Of Successful Negotiators, by John Schaub
and any other articles that interest you.
The above homework articles are in the "Negotiation" section.
THE HOMEWORK
I've put together all of the homework
assignments for this course for just $13.00. That way you can
proceed at your own pace and not wait for the next lesson.
It's faster and easier, and you get a discount, too!
Just go to http://www.cashflows.org and check the box near
the top of the page and you'll get all of my recommended readings
immediately.
Remember, when you have questions, post them in the "Advice"
area of the Notes Lounge:
http://www.bulletinboards.com/message.cfm?comcode=5045
I or someone else will be glad to answer your questions if we can.
Next Saturday you'll receive Lesson IV of this
free 7-part e-mail course. You'll hear from a very experienced
note investor who warns that "every note seller is a liar and a
crook!" You can make up your own mind.
May the Lord richly bless you,
W. J. Mencarow
President, The Paper Source, Inc.
Editor, THE PAPER SOURCE JOURNAL
P.S. I personally hand-picked the materials for THE COMPLETE
PACKAGE, comprehensive training for note brokers and investors.
You'll get training from people who measure their experience in
the note business in decades, not months.
You'll instantly get as digital downloads:
* Make Money Trading Mortgages by Del Ashby. The best introductory
book on note brokering.
* How To Get Started Profiting From Notes by me, W. J. Mencarow
* The Paper Source Registry Of Note Investors -- All the investors
you'll ever need and what they want to buy, updated frequently on
the Internet.
* Almost Everything That Could Possibly Go Wrong With A Note (and
how to prevent it!) also by yours truly
* The Paper Source's Own Contracts, Worksheets, Checklists, Forms &
Sample Letters -- Every essential document you must have for your
note business.
* 50 Contracts And Forms For Notes And Real Estate -- Advanced
documents when you need them.
* Lorelei's Legal Lessons -- The Essential Guide For Note Brokers
by Lorelei Stevens, President of Wall St. Brokers.
* One-year subscription to THE PAPER SOURCE JOURNAL (sent by
regular mail every month) .
Plus this incredible bonus -- EVERYTHING IN THE CASH FLOW DOLLAR
STORE!!
That's right! You'll receive over 300 profit-centered articles,
contracts, forms and sample letters, all written by the most
successful note brokers and investors. You'll get all the
invaluable information in these categories:
* How To Find Notes
* Especially For Beginners
* Negotiation
* Wealth-Building Strategies
* Note Niches (cash flows other than real estate notes)
* The Art of the Deal
* Hot Issues!
* Forms and Contracts
(to see all you will get in this bonus, go to www.cashflows.org)
Purchased separately all this would cost you almost $500.00.
Buy The Complete Package and they are yours for $199.95!
Why is it so inexpensive? We don't do costly infomercials,
telemarketing, etc., and we don't have fancy offices and a big
staff, so we can charge much less. Plus, you get this huge savings
because (except for THE PAPER SOURCE JOURNAL) all the materials
come to you as a digital download. Save all the files to your hard
disk and read or print them when you need them.
THE COMPLETE PACKAGE has everything you need to profit from notes
as a broker or investor in notes. Whether you are just getting
started or are a note veteran, you can't afford to pass up The
Complete Package.
Get started immediately! Go to:
http://papersourceonline.com/the-complete-package/
"THE PAPER SOURCE has recouped our subscription costs incalculably
over the years. What we've learned and the contacts we've made
through it...has made our business grow phenomenally.
Obviously we wouldn't be without it!"
Can Make You Rich
SUGGESTED HOMEWORK: Go to http://www.cashflows.org and download
and study:
Preparing Note Packages That Get Funded
How To Answer Noteholders' Favorite Questions
7 Secrets Of Successful Negotiators, by John Schaub
and any other articles that interest you.
The above homework articles are in the "Negotiation" section.
THE HOMEWORK
I've put together all of the homework
assignments for this course for just $13.00. That way you can
proceed at your own pace and not wait for the next lesson.
It's faster and easier, and you get a discount, too!
Just go to http://www.cashflows.org and check the box near
the top of the page and you'll get all of my recommended readings
immediately.
Remember, when you have questions, post them in the "Advice"
area of the Notes Lounge:
http://www.bulletinboards.com/message.cfm?comcode=5045
I or someone else will be glad to answer your questions if we can.
Next Saturday you'll receive Lesson IV of this
free 7-part e-mail course. You'll hear from a very experienced
note investor who warns that "every note seller is a liar and a
crook!" You can make up your own mind.
May the Lord richly bless you,
W. J. Mencarow
President, The Paper Source, Inc.
Editor, THE PAPER SOURCE JOURNAL
P.S. I personally hand-picked the materials for THE COMPLETE
PACKAGE, comprehensive training for note brokers and investors.
You'll get training from people who measure their experience in
the note business in decades, not months.
You'll instantly get as digital downloads:
* Make Money Trading Mortgages by Del Ashby. The best introductory
book on note brokering.
* How To Get Started Profiting From Notes by me, W. J. Mencarow
* The Paper Source Registry Of Note Investors -- All the investors
you'll ever need and what they want to buy, updated frequently on
the Internet.
* Almost Everything That Could Possibly Go Wrong With A Note (and
how to prevent it!) also by yours truly
* The Paper Source's Own Contracts, Worksheets, Checklists, Forms &
Sample Letters -- Every essential document you must have for your
note business.
* 50 Contracts And Forms For Notes And Real Estate -- Advanced
documents when you need them.
* Lorelei's Legal Lessons -- The Essential Guide For Note Brokers
by Lorelei Stevens, President of Wall St. Brokers.
* One-year subscription to THE PAPER SOURCE JOURNAL (sent by
regular mail every month) .
Plus this incredible bonus -- EVERYTHING IN THE CASH FLOW DOLLAR
STORE!!
That's right! You'll receive over 300 profit-centered articles,
contracts, forms and sample letters, all written by the most
successful note brokers and investors. You'll get all the
invaluable information in these categories:
* How To Find Notes
* Especially For Beginners
* Negotiation
* Wealth-Building Strategies
* Note Niches (cash flows other than real estate notes)
* The Art of the Deal
* Hot Issues!
* Forms and Contracts
(to see all you will get in this bonus, go to www.cashflows.org)
Purchased separately all this would cost you almost $500.00.
Buy The Complete Package and they are yours for $199.95!
Why is it so inexpensive? We don't do costly infomercials,
telemarketing, etc., and we don't have fancy offices and a big
staff, so we can charge much less. Plus, you get this huge savings
because (except for THE PAPER SOURCE JOURNAL) all the materials
come to you as a digital download. Save all the files to your hard
disk and read or print them when you need them.
THE COMPLETE PACKAGE has everything you need to profit from notes
as a broker or investor in notes. Whether you are just getting
started or are a note veteran, you can't afford to pass up The
Complete Package.
Get started immediately! Go to:
http://papersourceonline.com/the-complete-package/
"THE PAPER SOURCE has recouped our subscription costs incalculably
over the years. What we've learned and the contacts we've made
through it...has made our business grow phenomenally.
Obviously we wouldn't be without it!"
Become an expert at screening notes
Finally, I want you to know what you're doing so you'll be
able to spot the occasional note that is just so good you want it
for your own portfolio. That takes an educated and experienced eye,
and just knowing how to find notes and who to sell them to will
never prepare you to invest and never make you really wealthy.
*
Screening Notes
When your marketing efforts begin to pay off and note holders
start calling...what will you say?
The sad fact is that many note buyers don't know how to
quickly cull. They waste their precious time negotiating with note
holders on notes that no investor will buy. You simply can't do
that and last very long in this business.
Unless you know how to rehab notes, and most beginners don't,
you must become an expert at screening notes and only work with the
ones that are marketable or that need slight improvements.
If not, you will go out of business.
A lot of note buyers think the order is: Find the note,
send it to an investor and have him screen it. That's wrong.
The right way is to find the note, screen it, and only if it passes
your screening do you send it to the investor.
Here's a series of questions that can keep you in business.
Both the wording and the order in which they are to be asked are
important. If you use them in order you will be able to determine,
in a very short time, if the caller has a mortg*age you can buy
(since that's the bread-and-butter note for almost everyone).
This does not replace your intake sheet or worksheet (we'll get to
that a little later). It is to be used before you start filling
that out. Keep this by your phone, and every time it rings
ask the questions. If they say, "I'm calling about your ad,"
ask the questions. If they say, "I read your ad, what do you mean
you buy mortgages?" ask the questions. If they say, "Hi, it's Mom,"
ask the questions (you never know!).
These questions are to screen real estate-secured notes,
by far the most traded "cash flow" in our business. You can easily
modify them to deal with other kinds of income streams. The wrong
answer to any one of them is an automatic cull. Terminate the call
when you do not receive an acceptable answer.
1. Are you currently receiving payments on a mortgage? (depending
on where the property is, it could be a mortgage, a trust deed, a
contract for deed or, in Louisiana, a bond for deed. It doesn't
matter at this stage what it is called).
If the answer is no, you know what to do. You'll get many
calls from people who are PAYING on a mortgage and think they can
sell it. I once received a call from a tenant who wanted me to
"buy" his rent payments, whatever that means. That was one
transaction that to this day I have never been able to figure
out!
2. Are all the payments current?
The market for defaulted notes is small and they are deeply
discounted. It's essentially a real estate investment. If the payor
is in default, and you don't know of any investors for defaulted
paper, it's best to move on to the next note.
3. What kind of property secures the note?
I used to advise terminating the call if the answer is
industrial, chattels (i.e., restaurant equipment), signature notes,
gas stations, mobile homes with no land, timeshares, churches,
co-ops, taverns/bars, properties with hazardous waste potential, etc.
If there is someone who buys such paper, I used to say you'll go
out of business trying to find them. How the business has changed!
Today THE PAPER SOURCE REGISTRY OF NOTE INVESTORS has buyers for
almost all of those kinds of notes. However, it remains harder to
find investors for paper secured by that list.
4. What was the sales price and when was it sold?
Some investors won't consider a note on a property that is
valued under a certain amount, such as $25,000 or even $50,000.
Know your investors' limits. This question also tells you if the
note is a new or *green* note. Green paper is worth less.
5. What is the balance of the mortgage?
Know your investors' LTV limits. With some exceptions,
notes over 85% LTV are difficult to market. 3rd liens are almost
impossible to sell and if you find a buyer he will want a deep
discount. Small notes (under $10K) are not worth fooling with
unless you have private investors. Although there are exceptions
to every rule, large single notes (over $500K) are very difficult
to place.
6. How much cash did the buyer put down?
If the answer is none, or "rent credits," or "$1,000" or
"you should see what he did to the property..." or
"unnnhhh.........what?" say goodbye. By the way, $1,000 down
(not to mention zero) is almost a guarantee of default.
7. Is there a balloon and, if so, when is it due?
If the answer is 6 months or less, terminate the call
(and be suspicious if it is less than a year). Your investor
will ask you questions you can't answer: If the balloon
will pay off so soon, why doesn't the seller just wait for his
money? What is wrong with the note, the payor or the property? Of
course, it is entirely possible that the note holder is so desperate
for money that he can't wait, but your investor will have to be
absolutely convinced that that is the only reason he's selling now.
At this point, you should be able to think of at least one
investor who will buy this note. If you can't, reject it and go
on to the next one.
After you've asked these questions and received satisfactory
answers, it's time to get more information. You're not negotiating
yet. Pick up your worksheet/intake sheet.
You'll notice that the worksheet asks for a lot of
information. All of it is needed by the investor to be able to give
you an accurate, dependable quote. After all, you don't want the
quote to change later because you didn't get the necessary
information.
But there's another reason for all the questions. If anyone
will sit with you for the time it takes to answer them, you'll know
they are serious about selling their note. And these are the only
people you should deal with.
******************************************************
"If you haven't read Lonnie Scruggs's books you're doing yourself a
HUGE dis-service. His books should be on the must-have "classics"
list for real estate investing. You won't find a better value for
the money anywhere. I'm buying a set for every member of my family
for the holidays. They're that good." -- Paul Horn, North Carolina
Details: http://papersourceonline.com/e-books-more/deals-on-wheels/
http://papersourceonline.com/e-books-more/make-w-mobile-homes/
http://papersourceonline.com/e-books-more/take-mystery-out-of-money/
******************************************************
Here's an intake sheet that I wrote for our business.
You're welcome to use it. I like it because it is a script that
anyone can follow, and it that makes gathering the information a
snap. Even if you're not in your office, anybody answering the
phone can ask the questions and fill in the blanks. You can answer
any of the note holder's questions when you call them back.
This form is from www.cashflows.org, which also has many other
contracts and forms for buying notes.
MORTGAGE/TRUST DEED INTAKE SHEET
TO (Investor): ___________________________________________
FAX (____)______________________
BROKER'S NAME: ___________________________________________
COMPANY___________________________________________________
BROKER'S FAX (____)_____________
PHONE(____)________________ E-MAIL________________________
About The Property
What is the address of the property securing the note?
__________________________________________________________
City _______________ State ___ County ____________________
ZIP ______________________
Does the note payor live there? _____
(If not) Is it currently rented? _____
For how much? $__________
What kind of property is it? (i.e., single family home, condo,
duplex, apt. bldg., lot /land, etc.)
__________________________________________________________
Describe the property & neighborhood in detail:
What was the sale price of the property? $_________________
What was the sale date? ____________
How much cash did the buyer put down? $__________
(If a second) How much was the 1st mortgage? $_________
If there is a current appraisal on the property how much
did it appraise for? $________
When was it done?_____ If there is no current appraisal,
how much is the property worth today? $______________
About The Mortgage (Trust Deed or Contract)
Is the mortgage to be sold a 1st mortgage? Yes ___ No ___
(If Yes, skip the next 7 questions)
What is the name of the lender holding the 1st mortgage?
________________________________
Is it a (check one) FHA mortgage ___ VA___ Conventional ___
Private ___
What is the original amount of the 1st mortgage? $__________
Current balance? $____________ Interest rate ? ___%
Monthly payment ? $__________
Does this include taxes & insurance?____
What was the original balance of the mortgage to be sold? $_______
Current balance? $_______
How long is the mortgage originally written for?__________
What interest rate? ____%
How much are the payments? $________ per ____
Are they current?___ If not, how far behind? ____ months
What was the date of the first payment? __________
When is the next payment due?
________________
How many payments have been made? _____
How many remain? ____
If a balloon payment will be due, how much is it? $___________
What is the date the balloon is due? ____________
About The Payor
How often have they been late? ____
What is the payor's employment? ______________________________
What is the employer's phone number and address?
______________________________________________________________
What is the payor's name(s), address and (if known) S.S. No.?
______________________________________________________________
About The Note Holder
Why does the note holder want to sell the note?
______________________________________________________________
How much cash does he/she need right now? $______________
What else should we know about the note, the payor, the property or
any other aspect of this?
What does the note holder think is a fair price for their note?
_____________
SELLER'S NAME:
_________________________________________________________
(Put seller's address and phone on the back, not to be faxed to
investor unless requested)
ADDITIONAL INFORMATION OF USE TO INVESTOR:
able to spot the occasional note that is just so good you want it
for your own portfolio. That takes an educated and experienced eye,
and just knowing how to find notes and who to sell them to will
never prepare you to invest and never make you really wealthy.
*
Screening Notes
When your marketing efforts begin to pay off and note holders
start calling...what will you say?
The sad fact is that many note buyers don't know how to
quickly cull. They waste their precious time negotiating with note
holders on notes that no investor will buy. You simply can't do
that and last very long in this business.
Unless you know how to rehab notes, and most beginners don't,
you must become an expert at screening notes and only work with the
ones that are marketable or that need slight improvements.
If not, you will go out of business.
A lot of note buyers think the order is: Find the note,
send it to an investor and have him screen it. That's wrong.
The right way is to find the note, screen it, and only if it passes
your screening do you send it to the investor.
Here's a series of questions that can keep you in business.
Both the wording and the order in which they are to be asked are
important. If you use them in order you will be able to determine,
in a very short time, if the caller has a mortg*age you can buy
(since that's the bread-and-butter note for almost everyone).
This does not replace your intake sheet or worksheet (we'll get to
that a little later). It is to be used before you start filling
that out. Keep this by your phone, and every time it rings
ask the questions. If they say, "I'm calling about your ad,"
ask the questions. If they say, "I read your ad, what do you mean
you buy mortgages?" ask the questions. If they say, "Hi, it's Mom,"
ask the questions (you never know!).
These questions are to screen real estate-secured notes,
by far the most traded "cash flow" in our business. You can easily
modify them to deal with other kinds of income streams. The wrong
answer to any one of them is an automatic cull. Terminate the call
when you do not receive an acceptable answer.
1. Are you currently receiving payments on a mortgage? (depending
on where the property is, it could be a mortgage, a trust deed, a
contract for deed or, in Louisiana, a bond for deed. It doesn't
matter at this stage what it is called).
If the answer is no, you know what to do. You'll get many
calls from people who are PAYING on a mortgage and think they can
sell it. I once received a call from a tenant who wanted me to
"buy" his rent payments, whatever that means. That was one
transaction that to this day I have never been able to figure
out!
2. Are all the payments current?
The market for defaulted notes is small and they are deeply
discounted. It's essentially a real estate investment. If the payor
is in default, and you don't know of any investors for defaulted
paper, it's best to move on to the next note.
3. What kind of property secures the note?
I used to advise terminating the call if the answer is
industrial, chattels (i.e., restaurant equipment), signature notes,
gas stations, mobile homes with no land, timeshares, churches,
co-ops, taverns/bars, properties with hazardous waste potential, etc.
If there is someone who buys such paper, I used to say you'll go
out of business trying to find them. How the business has changed!
Today THE PAPER SOURCE REGISTRY OF NOTE INVESTORS has buyers for
almost all of those kinds of notes. However, it remains harder to
find investors for paper secured by that list.
4. What was the sales price and when was it sold?
Some investors won't consider a note on a property that is
valued under a certain amount, such as $25,000 or even $50,000.
Know your investors' limits. This question also tells you if the
note is a new or *green* note. Green paper is worth less.
5. What is the balance of the mortgage?
Know your investors' LTV limits. With some exceptions,
notes over 85% LTV are difficult to market. 3rd liens are almost
impossible to sell and if you find a buyer he will want a deep
discount. Small notes (under $10K) are not worth fooling with
unless you have private investors. Although there are exceptions
to every rule, large single notes (over $500K) are very difficult
to place.
6. How much cash did the buyer put down?
If the answer is none, or "rent credits," or "$1,000" or
"you should see what he did to the property..." or
"unnnhhh.........what?" say goodbye. By the way, $1,000 down
(not to mention zero) is almost a guarantee of default.
7. Is there a balloon and, if so, when is it due?
If the answer is 6 months or less, terminate the call
(and be suspicious if it is less than a year). Your investor
will ask you questions you can't answer: If the balloon
will pay off so soon, why doesn't the seller just wait for his
money? What is wrong with the note, the payor or the property? Of
course, it is entirely possible that the note holder is so desperate
for money that he can't wait, but your investor will have to be
absolutely convinced that that is the only reason he's selling now.
At this point, you should be able to think of at least one
investor who will buy this note. If you can't, reject it and go
on to the next one.
After you've asked these questions and received satisfactory
answers, it's time to get more information. You're not negotiating
yet. Pick up your worksheet/intake sheet.
You'll notice that the worksheet asks for a lot of
information. All of it is needed by the investor to be able to give
you an accurate, dependable quote. After all, you don't want the
quote to change later because you didn't get the necessary
information.
But there's another reason for all the questions. If anyone
will sit with you for the time it takes to answer them, you'll know
they are serious about selling their note. And these are the only
people you should deal with.
******************************************************
"If you haven't read Lonnie Scruggs's books you're doing yourself a
HUGE dis-service. His books should be on the must-have "classics"
list for real estate investing. You won't find a better value for
the money anywhere. I'm buying a set for every member of my family
for the holidays. They're that good." -- Paul Horn, North Carolina
Details: http://papersourceonline.com/e-books-more/deals-on-wheels/
http://papersourceonline.com/e-books-more/make-w-mobile-homes/
http://papersourceonline.com/e-books-more/take-mystery-out-of-money/
******************************************************
Here's an intake sheet that I wrote for our business.
You're welcome to use it. I like it because it is a script that
anyone can follow, and it that makes gathering the information a
snap. Even if you're not in your office, anybody answering the
phone can ask the questions and fill in the blanks. You can answer
any of the note holder's questions when you call them back.
This form is from www.cashflows.org, which also has many other
contracts and forms for buying notes.
MORTGAGE/TRUST DEED INTAKE SHEET
TO (Investor): ___________________________________________
FAX (____)______________________
BROKER'S NAME: ___________________________________________
COMPANY___________________________________________________
BROKER'S FAX (____)_____________
PHONE(____)________________ E-MAIL________________________
About The Property
What is the address of the property securing the note?
__________________________________________________________
City _______________ State ___ County ____________________
ZIP ______________________
Does the note payor live there? _____
(If not) Is it currently rented? _____
For how much? $__________
What kind of property is it? (i.e., single family home, condo,
duplex, apt. bldg., lot /land, etc.)
__________________________________________________________
Describe the property & neighborhood in detail:
What was the sale price of the property? $_________________
What was the sale date? ____________
How much cash did the buyer put down? $__________
(If a second) How much was the 1st mortgage? $_________
If there is a current appraisal on the property how much
did it appraise for? $________
When was it done?_____ If there is no current appraisal,
how much is the property worth today? $______________
About The Mortgage (Trust Deed or Contract)
Is the mortgage to be sold a 1st mortgage? Yes ___ No ___
(If Yes, skip the next 7 questions)
What is the name of the lender holding the 1st mortgage?
________________________________
Is it a (check one) FHA mortgage ___ VA___ Conventional ___
Private ___
What is the original amount of the 1st mortgage? $__________
Current balance? $____________ Interest rate ? ___%
Monthly payment ? $__________
Does this include taxes & insurance?____
What was the original balance of the mortgage to be sold? $_______
Current balance? $_______
How long is the mortgage originally written for?__________
What interest rate? ____%
How much are the payments? $________ per ____
Are they current?___ If not, how far behind? ____ months
What was the date of the first payment? __________
When is the next payment due?
________________
How many payments have been made? _____
How many remain? ____
If a balloon payment will be due, how much is it? $___________
What is the date the balloon is due? ____________
About The Payor
How often have they been late? ____
What is the payor's employment? ______________________________
What is the employer's phone number and address?
______________________________________________________________
What is the payor's name(s), address and (if known) S.S. No.?
______________________________________________________________
About The Note Holder
Why does the note holder want to sell the note?
______________________________________________________________
How much cash does he/she need right now? $______________
What else should we know about the note, the payor, the property or
any other aspect of this?
What does the note holder think is a fair price for their note?
_____________
SELLER'S NAME:
_________________________________________________________
(Put seller's address and phone on the back, not to be faxed to
investor unless requested)
ADDITIONAL INFORMATION OF USE TO INVESTOR:
Buying Seller financed Notes
So far we've covered what you will need to get started,
some of the pros and cons of notes, and some of the basics of
finding them and marketing your business.
I hope you studied your homework assignments. Doing the
homework will help you learn more, and faster, too. If not, you
still have a chance to do so. I suggested that you read
'Dale Ketcham: Buying Notes Since 1970' and 'Your Marketing Toolbox'
parts I, II and III. They are in the 'Finding Notes' area
at http://www.cashflows.org
Now you're prepared to learn the closely-guarded secret
of how to make money in notes safely. Here it is:
Don't buy any.
I hope that didn't fly by you too fast. If so, I'll repeat
it. Don't buy any notes. That will keep you out of trouble. Yes,
there's more to it, but that's the key. Now that you know what NOT
to do, let me tell you what TO do. The system you'll follow is
straightforward and simple. You'll make money without spending
any of your own. Like it so far?
Most systems of instruction cost money, but this one pays
you to learn. It operates on the principle that there are people
in the world who have a lot they could teach you about notes,
because buying and selling them is their business. These people
need something you can provide: more notes. The more notes you can
supply to them, the more experience you'll get and the more you'll
learn, through observation and through hands-on practice.
The ABC System To (Almost) Risk-Free Note Investing and Note
Brokering
If you simply follow my ABC System, you can make money from
paper with very little risk:
ADVERTISE for paper anywhere and everywhere you can. This includes
networking. We covered this topic in Lesson II.
BE organized when people respond. Have THE PAPER SOURCE Mortgage
Worksheet by your phone, and ask for the information you need to
complete the Worksheet. Thank the caller and tell them you'll
analyze the information and call them back shortly.
(This and many other forms are at http://www.cashflows.org )
CONTACT a professional note investment firm. Fax them your worksheet
and any other paperwork on the note you have. If the note meets
their criteria (which you should know before you fax them) they will
quote you a price and expect you to negotiate with the seller.
You make your money by negotiating a price somewhat lower than what
the investor has quoted. You will also be expected to know what
documents the investor needs, gather all of them into a professional
package and overnight them to the investor ASAP.
At the beginning, work with "institutional investors."
These are the professional note investment firms, the big national
companies that buy notes. PAPER SOURCE JOURNAL subscribers will
find them in the PAPER SOURCE REGISTRY OF NOTE INVESTORS
(http://papersourceonline.com/registry-of-investors/how-to-get-in/)
This is the simplest way to start. As soon as you can, I
want you to do it differently, because you'll close far more deals,
but this will get you started. Using the ABC System, you avoid
liability, use none of your own money, make profits and learn from
a professional paper buyer. Only when you've done this over and
over and over again and know exactly how the professionals work
are you ready to buy a note for your own portfolio. You'll be so
thankful you waited: your yield will be high (because you'll know
what you're doing), your investment will be blue ribbon category,
and you'll be able to buy lots of good notes with all that money
you've made! After you've done that for awhile, you may even want
to branch out into fixing up "bad" notes, which can be a very
profitable specialty.
You'll still be selling almost everything you find to
investors. But occasionally your highly-trained sensors will zero
in on a super deal that you'll want for your very own.
Using the ABC System, you never use any of your own money
(except to find the notes, of course) and you never actually own a
note, so if something goes wrong, you haven't lost any money. The
professional reviews the note with you, tells you its strengths
and weaknesses, orders and pays for the title search, appraisal
and credit check and handles all the details. You work with the
professional, ask questions, review the paperwork with him and
learn: And make money in the process! Every time you do this,
you'll learn more and more about notes. Eventually you'll know
enough to safely buy a note on your own once in a while. Even if
the pro doesn't want some of the notes you bring him, you'll still
learn, because he'll (hopefully) tell you why they're not good
notes.
A couple of caveats: Don't waste the investor's time by
faxing unmarketable notes. The home study course I recommend and
your own experience will train you to spot such notes in 30
seconds or less.
Make sure you are working with a "real deal." That means
you have direct contact with a motivated note holder. It means you
do not waste your or the investor's time with notes you found through
other brokers or through court records or other methods without
contacting the note holder to see if they want to sell. DON'T GET
CAUGHT IN BROKER "DAISY CHAINS"! (Buying a note from a broker who
bought the note from another broker who bought from still another
broker, etc., etc.). That's a tried-and-true formula for failure.
Deal with only note OWNERS.
Please don't fax the same note to a bunch of investors.
Make it your business to know what kinds of notes different
investors want and only give them those. You'll soon know who
gives the best quotes for what notes. In fact, the sign of an
experienced note broker is that he or she has the note under
contract before ever contacting an investor.
You can't start this system without some preparation.
I attended a "free seminar" for the cash flow business
at a local hotel. They were trying to get you to sign up for an
expensive seminar, and I've heard that if you go to that, they try
to sell you more expensive stuff. Anyway, the speaker/salesman at
this "seminar" said that all you have to do is to "find somebody who
needs money. Anybody here know anybody who needs money?"
Sure, most people need money, but the question should be,
"How many of you know somebody who needs money -- and has a
marketable note -- and wants to sell it -- and is willing to
discount it?" Of course, that makes it sound harder. Actually,
it makes it sound closer to the truth. But the truth doesn't sell
expensive seminars.
According to him, the cash flow business consists of
finding somebody who needs money, and of course they happen to
have a marketable note they're willing to sell at a discount,
you fill out a brief worksheet, fax it to an investor and wait
for your money. The whole process, once you've done a few,
should take "a couple of hours."
Oh, you have to spend several thousand dollars taking his
seminar first (if it's so easy, why do you need the seminar?).
That's worse than slick salesmanship. It's an outright
lie. There is a lot more to the business.
You should at least know the basics of note investing
before you talk with an investor about notes you want him to buy. Why?
First, you must be able to screen the notes and reject the poor ones.
If you repeatedly call an investor with unmarketable notes, you are
wasting their time and yours and eventually they'll ignore you.
The second reason I want you well-grounded in notes is that
if you know what you're doing, usually you can suggest alternative
ways of buying a note to the note seller and/or the investor:
methods they (and your broker competition) may not have thought of.
You can often save a deal this way and make everyone happy.
some of the pros and cons of notes, and some of the basics of
finding them and marketing your business.
I hope you studied your homework assignments. Doing the
homework will help you learn more, and faster, too. If not, you
still have a chance to do so. I suggested that you read
'Dale Ketcham: Buying Notes Since 1970' and 'Your Marketing Toolbox'
parts I, II and III. They are in the 'Finding Notes' area
at http://www.cashflows.org
Now you're prepared to learn the closely-guarded secret
of how to make money in notes safely. Here it is:
Don't buy any.
I hope that didn't fly by you too fast. If so, I'll repeat
it. Don't buy any notes. That will keep you out of trouble. Yes,
there's more to it, but that's the key. Now that you know what NOT
to do, let me tell you what TO do. The system you'll follow is
straightforward and simple. You'll make money without spending
any of your own. Like it so far?
Most systems of instruction cost money, but this one pays
you to learn. It operates on the principle that there are people
in the world who have a lot they could teach you about notes,
because buying and selling them is their business. These people
need something you can provide: more notes. The more notes you can
supply to them, the more experience you'll get and the more you'll
learn, through observation and through hands-on practice.
The ABC System To (Almost) Risk-Free Note Investing and Note
Brokering
If you simply follow my ABC System, you can make money from
paper with very little risk:
ADVERTISE for paper anywhere and everywhere you can. This includes
networking. We covered this topic in Lesson II.
BE organized when people respond. Have THE PAPER SOURCE Mortgage
Worksheet by your phone, and ask for the information you need to
complete the Worksheet. Thank the caller and tell them you'll
analyze the information and call them back shortly.
(This and many other forms are at http://www.cashflows.org )
CONTACT a professional note investment firm. Fax them your worksheet
and any other paperwork on the note you have. If the note meets
their criteria (which you should know before you fax them) they will
quote you a price and expect you to negotiate with the seller.
You make your money by negotiating a price somewhat lower than what
the investor has quoted. You will also be expected to know what
documents the investor needs, gather all of them into a professional
package and overnight them to the investor ASAP.
At the beginning, work with "institutional investors."
These are the professional note investment firms, the big national
companies that buy notes. PAPER SOURCE JOURNAL subscribers will
find them in the PAPER SOURCE REGISTRY OF NOTE INVESTORS
(http://papersourceonline.com/registry-of-investors/how-to-get-in/)
This is the simplest way to start. As soon as you can, I
want you to do it differently, because you'll close far more deals,
but this will get you started. Using the ABC System, you avoid
liability, use none of your own money, make profits and learn from
a professional paper buyer. Only when you've done this over and
over and over again and know exactly how the professionals work
are you ready to buy a note for your own portfolio. You'll be so
thankful you waited: your yield will be high (because you'll know
what you're doing), your investment will be blue ribbon category,
and you'll be able to buy lots of good notes with all that money
you've made! After you've done that for awhile, you may even want
to branch out into fixing up "bad" notes, which can be a very
profitable specialty.
You'll still be selling almost everything you find to
investors. But occasionally your highly-trained sensors will zero
in on a super deal that you'll want for your very own.
Using the ABC System, you never use any of your own money
(except to find the notes, of course) and you never actually own a
note, so if something goes wrong, you haven't lost any money. The
professional reviews the note with you, tells you its strengths
and weaknesses, orders and pays for the title search, appraisal
and credit check and handles all the details. You work with the
professional, ask questions, review the paperwork with him and
learn: And make money in the process! Every time you do this,
you'll learn more and more about notes. Eventually you'll know
enough to safely buy a note on your own once in a while. Even if
the pro doesn't want some of the notes you bring him, you'll still
learn, because he'll (hopefully) tell you why they're not good
notes.
A couple of caveats: Don't waste the investor's time by
faxing unmarketable notes. The home study course I recommend and
your own experience will train you to spot such notes in 30
seconds or less.
Make sure you are working with a "real deal." That means
you have direct contact with a motivated note holder. It means you
do not waste your or the investor's time with notes you found through
other brokers or through court records or other methods without
contacting the note holder to see if they want to sell. DON'T GET
CAUGHT IN BROKER "DAISY CHAINS"! (Buying a note from a broker who
bought the note from another broker who bought from still another
broker, etc., etc.). That's a tried-and-true formula for failure.
Deal with only note OWNERS.
Please don't fax the same note to a bunch of investors.
Make it your business to know what kinds of notes different
investors want and only give them those. You'll soon know who
gives the best quotes for what notes. In fact, the sign of an
experienced note broker is that he or she has the note under
contract before ever contacting an investor.
You can't start this system without some preparation.
I attended a "free seminar" for the cash flow business
at a local hotel. They were trying to get you to sign up for an
expensive seminar, and I've heard that if you go to that, they try
to sell you more expensive stuff. Anyway, the speaker/salesman at
this "seminar" said that all you have to do is to "find somebody who
needs money. Anybody here know anybody who needs money?"
Sure, most people need money, but the question should be,
"How many of you know somebody who needs money -- and has a
marketable note -- and wants to sell it -- and is willing to
discount it?" Of course, that makes it sound harder. Actually,
it makes it sound closer to the truth. But the truth doesn't sell
expensive seminars.
According to him, the cash flow business consists of
finding somebody who needs money, and of course they happen to
have a marketable note they're willing to sell at a discount,
you fill out a brief worksheet, fax it to an investor and wait
for your money. The whole process, once you've done a few,
should take "a couple of hours."
Oh, you have to spend several thousand dollars taking his
seminar first (if it's so easy, why do you need the seminar?).
That's worse than slick salesmanship. It's an outright
lie. There is a lot more to the business.
You should at least know the basics of note investing
before you talk with an investor about notes you want him to buy. Why?
First, you must be able to screen the notes and reject the poor ones.
If you repeatedly call an investor with unmarketable notes, you are
wasting their time and yours and eventually they'll ignore you.
The second reason I want you well-grounded in notes is that
if you know what you're doing, usually you can suggest alternative
ways of buying a note to the note seller and/or the investor:
methods they (and your broker competition) may not have thought of.
You can often save a deal this way and make everyone happy.
Keep, Create and Repeat Real Estate Notes
This Tip series started with the outline of the three goals of a successful marketing plan: Keep, Create and Repeat. Please refer back to previous Tips. We will continue with - Keep, letters (direct mail).
Typing the recipient's name and address on the envelope (as opposed to using mailing labels) is very effective in maintaining a personal touch. Here again, many word processing programs are capable of printing envelopes on a printer using the "mail merge" function.
Addressing your letters by hand is the ultimate personal touch and helps to stimulate curiosity about what is inside. You might consider this approach for smaller mailings.
Whenever possible, use "real postage stamps" rather than having the mail metered. Having a stamp helps to distinguish your letter from "metered mail." This can work to your advantage because many people often associate "metered mail" with junk mail, solicitations, or in some cases, bills. The post office has a large selection of "commemorative stamps." Most of the commemorative stamps are colorful, attractive and interesting. Using an interesting commemorative stamp can add a bit of color and will often help draw attention to your letter and gives it a more personal touch.
You should also take a minute and look at all of the programs we offer to help you succeed in the Cash Flow Business. You can see them all here:
Typing the recipient's name and address on the envelope (as opposed to using mailing labels) is very effective in maintaining a personal touch. Here again, many word processing programs are capable of printing envelopes on a printer using the "mail merge" function.
Addressing your letters by hand is the ultimate personal touch and helps to stimulate curiosity about what is inside. You might consider this approach for smaller mailings.
Whenever possible, use "real postage stamps" rather than having the mail metered. Having a stamp helps to distinguish your letter from "metered mail." This can work to your advantage because many people often associate "metered mail" with junk mail, solicitations, or in some cases, bills. The post office has a large selection of "commemorative stamps." Most of the commemorative stamps are colorful, attractive and interesting. Using an interesting commemorative stamp can add a bit of color and will often help draw attention to your letter and gives it a more personal touch.
You should also take a minute and look at all of the programs we offer to help you succeed in the Cash Flow Business. You can see them all here:
Saturday, July 10, 2010
BILLIONS of DOLLARS in Funding
Did you know that BILLIONS of DOLLARS in funding are available from
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IMAGINE HOW DIFFERENT IT COULD BE. . . .
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We created the Private Money Lender Sources for people just like
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Every investor knows that traditional lenders will only give you
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PRIVATE Hard Money Lender Sources? Yes, Nationwide and Local Hard
Money Lenders have Funding for virtually ALL types of REAL ESTATE
deals for both Beginner and Seasoned Investors!
The "INSIDERS" know something you don't know. They know HOW to get
the money, WHO has the money, and WHAT kind of deals the private
hard money lenders are looking for!
Now YOU can UNLOCK the SECRET and have access to the most
soughtafter PRIVATE MONEY LENDER SOURCES
IMAGINE HOW DIFFERENT IT COULD BE. . . .
If YOU could:
*Never again worry at the last minute about coming up with the
money.
*Make FUNDING COMMITTMENTS quickly and easily.
*Not have to WORRY about GOOD DEALS LOST because of not being able
to close FAST.
*KNOW how to GET ADDITIONAL HARD MONEY for REPAIRS and REHABS.
*LEARN how to PUT your DEALS TOGETHER QUICKLY.
*KNOW how to get HARD MONEY and PRIVATE FUNDING for both
RESIDENTIAL and COMMERCIAL.
*Get MONEY for LAND, LOTS, and DEVELOPMENT.
*Find out ways to CONFIDENTLY work on MORE than ONE DEAL at a time.
*Find out how to CONTACT these Private Money Lender Sources
quickly, what to say, and how to get FAST results.
*Learn the ROPES about PRIVATE MONEY LENDING.
*Do more DEALS than ever before.
*Get MORE Private Hard Money Lender Sources than EVER BEFORE.
*Know what type of Private Hard Money Lender to use for what type
of deal.
*Have other investors BRINGING DEALS TO YOU.
*Participate in PROFITS by bringing in the HARD MONEY.
*Have everything you need to do FAST FLIPS.
*Be able to do REHABS Profitably and WITHOUT MONEY out of your own
pocket.
*Know the INSIDE Hard Money SECRETS to structure deals just the way
the Private Money Lenders want them.
*AVOID some of the common BIGGEST MISTAKES real estate investors
make when the money isn't lined up.
*Make more PROFITABLE DEALS than ever before.
*MASTER the EASY STEPS to submit your deals and GET THEM FUNDED in
as little as 24 HOURS.
*END your WORRIES about funding your real estate deals FOREVER.
IMAGINE - Just one funded deal could make all the difference...
Because once you know how you can do deal after deal after deal.
Sellers and other investors will start bringing the good deals to
YOU! How many deals could you do? One a month? Two? Maybe one a
week! It's up to you.
We created the Private Money Lender Sources for people just like
you. No matter how much you know about "techniques" and
"strategies" to negotiate good deals on real estate, you still need
the money.
Every investor knows that traditional lenders will only give you
the money to fund a HANDFUL of deals. And in today's mortage
environment, most will FLAT OUT REJECT your investment property loan
applications or require that you come in with a HUGE DOWN PAYMENT
of 20% or MORE.
Traditional lenders have STRICT guidelines to follow and can't loan
money to you because your of traditional loan underwriting
requirements pertaining to your credit, debt, assets and a dozen
other "LOAN CONDITIONS" relating to your individual loan
application. Private Hard Money Lender Sources are not limited by
those requirements, in fact, THEY COULDN'T CARE LESS!
Thats why we created the Private Money Lender Sources for you! They
couldn't care less about your credit rating, they couldn't care
less about how many properties you own, they couldn't care less
about your bank account statements, and your tax returns, and your
debt to income ratio, etc.... etc.... etc.....
What they do care about is the PROPERTY and all you'll learn all
you need to know about how to present the property to your Private
Hard Money Lender.
HERE'S AN EXAMPLE:
"We located the property and offered the seller almost $30,000 less
than they were asking. They weren't desperate people but they
already had purchased another home. The renters they had in the
property had beaten it up pretty badly but it was a nice brick home
in a great neighborhood. We gave the offer to their realtor who
said they probably wouldn't be interested because they already had
a better offer. But a few days later their realtor called and said
the other offer "fell out" and that the seller wanted to accept our
offer. Our Private Money Lender Source had already committed to
give us the funds and was ready to close in just a couple days! Not
only that, but the lender gave us $10,000 to fix up the property to
do ALL the repairs and improvements AND gave us a good rate and NO
PAYMENT required until we "flip" the property. We've already had
people in the neighborhood sending us their friends and family to
look at the home because now it looks great and it's worth about
$70,000 more than we paid for it. My partner and I are already
looking for our next property. Don't tell me this doesn't work
because we've already done our first deal!" -TC Dumas
Visit our website for an example of the actual paperwork offer and
closing title company documents funded by a Private Money Lender
Source for a 6000 square foot residential investment property for
$850,000 that was purchased where the buyer, a new investor, used a
Limited Liability Company. The private information concerning the
actual buyer and address of the property have been "blacked out" for
privacy. The property later appraised for almost $1.2 million.
BOTTOM LINE--The Private Money Lender Sources gives you EVERYTHING
YOU NEED!
WHO to contact.
WHAT to say.
HOW to present your loan proposal in a SIMPLE step-by-step process.
WHEN to say "NO", knowing that another Private Money Lender Source
has an EVEN BETTER DEAL for you!
You can do AS MANY DEALS AS YOU WANT TO DO! IN ANY REAL ESTATE
MARKET!
Read on--because IT GETS EVEN BETTER!
With the Private Money Lender Sources you become a SERIOUS
INVESTOR. Buyers take your offers seriously. You close your deals
fast for quick, quick profits!
Haven't you wasted enough time and lost enough money seeing great
profitable deals get literally swept right from under your feet?
With the Private Money Lender Sources you will get immediate
DIGITAL DELIVERY of your e-book. You can start lining up money for
deals RIGHT AWAY.
You'll have 300 private hard money lenders ready to fund deals
nationwide, regionally and locally for BOTH residential non-owner
occupied property and commercial property too!
Literally, MONEY AT YOUR FINGERTIPS!
Since I know it's 100% to your benefit to act right away, I want to
sweeten the pot and give you every possible reason to say YES
today! YES today!
If you respond immediately, you'll also receive the following:
BONUS # 1 Value--The UPTRENDING Real Estate Markets Report
You'll get a link to a FREE BONUS REPORT showing you the UPTRENDING
real estate markets in the UNITED STATES! Never again will you be
without updated information about which cities have the highest
appreciation rates. 70 pages of solid facts! You'll be in the know!
BONUS # 2 Value--Private Money Lenders Access Pack
You get all of these: *Proven SCRIPT to contact the lenders. It's
short and sweet and it works! *Step-by-step GUIDE to package your
loans for quick funding! *Actual loan application form PDF file
used by most Private Money Lender Sources. *Complete contact
information including names, phone numbers, e-mail address and fax
numbers for easy access!
BONUS # 3 Value--Access to Commercial Hard Money Lenders
Imagine having access to commercial hard money for your commercial
property deals! You'll never be limited again!
You'll have access to MORE PRIVATE HARD MONEY for REAL ESTATE
INVESTING than ever before!
Don't believe what you hear! There is more PRIVATE MONEY available
for REAL ESTATE INVESTING than at any time in the HISTORY of this
great nation! Don't miss out on on your share!
We've already been approached for an "exclusive" for this
information! They know how valuable this information is and want to
make it "privately" available ONLY to their clients!
That should tell you something.
The regular membership at $500 would be worth every penny. But
we're not charging you that here. We're not charging you $250. Not
even $197, the REGULAR PRICE... FOR ONLY A LIMITED TIME!
You're getting EVERYTHING included for only $99.95...
Investors spend tens of thousands of dollars on "coaching and
mentoring" programs to learn investment strategies and negotiation
techniques.
For only a fraction of that, only $99.95 you can have the money to
actually fund the deals. If you're one who has invested in these
mentoring programs, this is an invaluable tool to put your
knowledge to work and get some deals done now.
Look at it this way -- $99.95 is really a painless drop in the
bucket to be able to get your hands on The Compete Private Money
Lender Sources and start using it right away to improve your
lifestyle!
You Really Can't Afford Not To Invest In "The Compete Private Money
Lender Sources"
It's easy to get started:
Go to http://www.opmcredit.com/order.htm
You can order right now for only $99.95 (even if it's 3:00 am in the
morning).
Your Opportunity to Become a MONEY INSIDER
Go to http://www.opmcredit.com/order.htm
Once you have these connections you can develop relationships with
many lenders for virtually any type of real estate project you want
to work on. You can be confident as an investor because you have
the money you need to make the deals happen. You will be respected
as a SERIOUS real estate investor.
The Private Money Lender Sources are your keys to funding. We wish
your investing to be prosperous for many years to come!
Don't you owe it to yourself to try The Compete Private Money
Lender Sources today?
Friday, May 14, 2010
Hunt for foreclosed commercial real estate.
with a special invitation to meet my friends and millionaire-makers D.C. Fawcett and Karen Hanover.
This powerhouse team will join me on Tuesday May 11, 2010, for a truly special webinar.
You'll be introduced to a 100%Free website that hunts for foreclosed commercial real estate.
Two of the most powerful moneymaking phenomenon on the planet - commercial real estate and foreclosures -- have come together to create a perfect storm of moneymaking opportunity.
And there's nobody better to open your eyes to this windfall than D.C.
When you hear "foreclosures," you probably think of houses. But the fact is, banks are saddled with commercial properties too. And banks are writing off these properties for pennies on the dollar.
This is foreclosures on steroids... Apartments. Offices. Retail. Industrial. Agricultural. Medical. Self-storage. And more. It has got to be the biggest bonanza of commercial properties going.
Your investment profits can be in the outer stratosphere. You have got to see these some of these fantastic properties.
And during Tuesday's exciting webinar, you can tour some hot finds.
But that's not all.
You'll do more than "kick the tires" on these properties. You'll get under the hood. You'll see what the property is worth... how much is owed to the bank... and how much all-important cash flow it can put in your pocket.
And you'll discover that all this is done for you at the click of mouse. You can put the calculator away.
There are thousands of choice commercial properties across the country. This Tuesday we'll go on a treasure hunt and see what we uncover. Please join us.
These are commercial properties in the big leagues. It's how you can step up to millionaire status with one deal.
Better yet... you do not need piles of cash to buy these gems. During Tuesday's webinar Karen and D.C. will reveal that you can purchase prestige properties with none of your own money. Don't miss it.
The "Commercial Gold Rush" is on!
This powerhouse team will join me on Tuesday May 11, 2010, for a truly special webinar.
You'll be introduced to a 100%Free website that hunts for foreclosed commercial real estate.
Two of the most powerful moneymaking phenomenon on the planet - commercial real estate and foreclosures -- have come together to create a perfect storm of moneymaking opportunity.
And there's nobody better to open your eyes to this windfall than D.C.
When you hear "foreclosures," you probably think of houses. But the fact is, banks are saddled with commercial properties too. And banks are writing off these properties for pennies on the dollar.
This is foreclosures on steroids... Apartments. Offices. Retail. Industrial. Agricultural. Medical. Self-storage. And more. It has got to be the biggest bonanza of commercial properties going.
Your investment profits can be in the outer stratosphere. You have got to see these some of these fantastic properties.
And during Tuesday's exciting webinar, you can tour some hot finds.
But that's not all.
You'll do more than "kick the tires" on these properties. You'll get under the hood. You'll see what the property is worth... how much is owed to the bank... and how much all-important cash flow it can put in your pocket.
And you'll discover that all this is done for you at the click of mouse. You can put the calculator away.
There are thousands of choice commercial properties across the country. This Tuesday we'll go on a treasure hunt and see what we uncover. Please join us.
These are commercial properties in the big leagues. It's how you can step up to millionaire status with one deal.
Better yet... you do not need piles of cash to buy these gems. During Tuesday's webinar Karen and D.C. will reveal that you can purchase prestige properties with none of your own money. Don't miss it.
The "Commercial Gold Rush" is on!
Sunday, April 25, 2010
Investing in Tax Lien Certificates
Today's new economy has created the greatest opportunity in history for you to become completely financially independent now through a little known strategy called investing in Tax Lien Certificates. Even people I meet who've heard of Tax Lien Certificates...almost none of them know exactly how to make huge money with them. FACT: Tax Lien Certificates currently pay fixed GUARANTEED rates of returns of 18% -- 36% interest per year.FACT: You can acquire valuable real estate through investing in Tax Lien Certificates for as little as 10 cents on the dollar.FACT: You can get started with as little as $20, and you can have bad credit, or no credit at all.FACT: You can safely and easily acquire all the Tax Lien Certificates you want from the comfort of your own home, and completely in your spare time. My colleague Tony Martinez, is literally the world's #1 authority on making a fortune through investing in Tax Lien Certificates. He's made tens of millions of dollars in his career, and has successfully completed over 2,300 Tax Lien Certificate and Tax Resale Property transactions.
Thursday, April 22, 2010
What the heck is passive income?
What the heck is passive inc ome?
Where I come from, you have
to work hard to earn your money!
Even as a kid, I would rake leaves
for a few bucks--sweating all day,
but in the end I was happy because
I earned my own money!
So what's this about passive income?
Hold your horses!
There's no need to be so incensed,
I just mentioned passive income.
While you're busy working hard
at your full-time job, wouldn't it be nice
to have an extra income at the end
of the month without having to do so much?
Learn more about passive income here:
https://fps.infusionsoft.com/link/3b3fe7660/da3360
The American Internal Revenue Service
categorizes income into three broad types,
active (earned) income, passive income,
and portfolio income. It defines passive income
as income from "trade or business activities
in which you do not materially participate."
This is why people buy stocks and bonds!
So they can have something that they can
fall back on when times become hard.
Many call this their retirement fund.
So why don't you start working on
your retirement now. And I'm telling you,
you don't have to be so tired
to earn an extra income!
Watch the video here:
https://fps.infusionsoft.com/link/3b3fe7660/dd40a0
With self storage investing,
you'll certainly need to work hard at first
as you go about learning the ropes and
buying and managing your first ever
self storage facility. Don't worry,
I'll be right there with you helping you out!
But once you've bought it and arranged for it
to be managed properly, it's easy enough
to increase your income and gain security for life!
Heck, some of our properties are even run
with a kiosk eliminating the need for us
to even have a site manager!
Learn more about kiosks here:
https://fps.infusionsoft.com/link/3b3fe7660/e04de0
So, what were you saying about passive income?
Hahaha! It's looking good now, isn't it?
Where I come from, you have
to work hard to earn your money!
Even as a kid, I would rake leaves
for a few bucks--sweating all day,
but in the end I was happy because
I earned my own money!
So what's this about passive income?
Hold your horses!
There's no need to be so incensed,
I just mentioned passive income.
While you're busy working hard
at your full-time job, wouldn't it be nice
to have an extra income at the end
of the month without having to do so much?
Learn more about passive income here:
https://fps.infusionsoft.com/link/3b3fe7660/da3360
The American Internal Revenue Service
categorizes income into three broad types,
active (earned) income, passive income,
and portfolio income. It defines passive income
as income from "trade or business activities
in which you do not materially participate."
This is why people buy stocks and bonds!
So they can have something that they can
fall back on when times become hard.
Many call this their retirement fund.
So why don't you start working on
your retirement now. And I'm telling you,
you don't have to be so tired
to earn an extra income!
Watch the video here:
https://fps.infusionsoft.com/link/3b3fe7660/dd40a0
With self storage investing,
you'll certainly need to work hard at first
as you go about learning the ropes and
buying and managing your first ever
self storage facility. Don't worry,
I'll be right there with you helping you out!
But once you've bought it and arranged for it
to be managed properly, it's easy enough
to increase your income and gain security for life!
Heck, some of our properties are even run
with a kiosk eliminating the need for us
to even have a site manager!
Learn more about kiosks here:
https://fps.infusionsoft.com/link/3b3fe7660/e04de0
So, what were you saying about passive income?
Hahaha! It's looking good now, isn't it?
Saturday, March 27, 2010
This is NOT just another real estate "system"...
If you missed this weeks training session, then you missed
out on learning about this new marketing system that helps
YOU (investors) cherry pick the best Real Estate deals while
dramatically cutting advertising expenses and maximizing
your returns. This system makes it less expensive, easier
and faster than any other form of marketing currently in place.
This is NOT just another real estate "system"...
This is a turn-key Real Estate tool that puts you in the driver's
seat in your market. It does all the heavy lifting so you don't
have to. What used to take several employees can now be
done with the touch of a button.
Find out how TODAY at 1:00pm Eastern...
https://www1.gotomeeting.com/register/710064217
And guess what?
Right now... no one else in your area has this technology!
This unique tool has the power to save you money and time
by identifying only properties that meet your requirements
and which owners are motivated to sell, at your price!
Let's face it, making money in Real Estate is just a numbers
game... it comes down to simple math, the more offers you
make... the more money you make.
So how many offers did you make today?
Here's a small taste of what we're going to be discussing...
How to...
Skyrocket your per-deal-profits by using this one SIMPLE
technique to send literally hundreds of deeply discounted
offers to *extremely* motivated sellers every single day...
How to...
Pick the low-hanging, juicy-profits by squeezing the best
potential deals right out of your local MLS that other
investors and Realtors are completely unaware of...
How to...
Drastically increase the responses to your offers by
creating urgency using a systemized follow-up sequence
that incrementally changes the price in your offers
automatically...
How to...
Enjoy your success and spend more free time on things
you love to do, by easily automating 100% of your offer
making process, and only focusing your valuable time
on sellers who WANT to deal with you on your terms...
ALL WITH THE CLICK OF A BUTTON...
...plus a whole lot more!
Look, it's simple... this system cuts through the usual
slow and expensive model of researching real estate
leads and direct mail campaigns to find you the real
bargains that will make you money today!
out on learning about this new marketing system that helps
YOU (investors) cherry pick the best Real Estate deals while
dramatically cutting advertising expenses and maximizing
your returns. This system makes it less expensive, easier
and faster than any other form of marketing currently in place.
This is NOT just another real estate "system"...
This is a turn-key Real Estate tool that puts you in the driver's
seat in your market. It does all the heavy lifting so you don't
have to. What used to take several employees can now be
done with the touch of a button.
Find out how TODAY at 1:00pm Eastern...
https://www1.gotomeeting.com/register/710064217
And guess what?
Right now... no one else in your area has this technology!
This unique tool has the power to save you money and time
by identifying only properties that meet your requirements
and which owners are motivated to sell, at your price!
Let's face it, making money in Real Estate is just a numbers
game... it comes down to simple math, the more offers you
make... the more money you make.
So how many offers did you make today?
Here's a small taste of what we're going to be discussing...
How to...
Skyrocket your per-deal-profits by using this one SIMPLE
technique to send literally hundreds of deeply discounted
offers to *extremely* motivated sellers every single day...
How to...
Pick the low-hanging, juicy-profits by squeezing the best
potential deals right out of your local MLS that other
investors and Realtors are completely unaware of...
How to...
Drastically increase the responses to your offers by
creating urgency using a systemized follow-up sequence
that incrementally changes the price in your offers
automatically...
How to...
Enjoy your success and spend more free time on things
you love to do, by easily automating 100% of your offer
making process, and only focusing your valuable time
on sellers who WANT to deal with you on your terms...
ALL WITH THE CLICK OF A BUTTON...
...plus a whole lot more!
Look, it's simple... this system cuts through the usual
slow and expensive model of researching real estate
leads and direct mail campaigns to find you the real
bargains that will make you money today!
LINK: How To Be An Expert
Yesterday's I sent out an email about my "Instant
Guru Formula"... and wow, I got all kinds of
questions about it...
First off, my "Instant Guru Formula" is brand-new.
It's never been released before. The course walks
you through step-by-step how to become an "expert"
or "guru" in whatever market you want.
I've done it in four different markets, and I can
show you exactly how to do it.
Second... "Instant Guru Formula" is NOT for sale.
The only way you can get it is by signing up for
Brendon Burchard's "Expert Academy"... I'm doing
it this way because these two courses go together
so perfectly. There is simply no better training
anywhere on getting "expert status" in your
market.
To get this package deal, you need to use this
link:
LINK: How To Be An Expert
If you use that link, you will also get these
extra bonuses from me:
- My Expert Academy Action Notes: these are my
personal "action notes", where I'll be going
through the course and giving you my notes.
- Product Launch Training: the last nine launches
I have done have each gone over a million dollars
in sales. Do you want to know how it's done? I was
the one who created the formula on how to do these
launches, and I'll teach that formula on this
webinar.
Here's the link again:
LINK: How To Be An Expert
best regards,
Jeff
P.S. There is absolutely no quicker path to
business success than getting "expert positioning"
in your market. The good news is that becoming an
expert is NOT rocket science. There are specific
steps that you can follow to become the "expert"
or "guru" in your market.
P.P.S. Remember, to get my bonuses you must buy
the Experts Academy through my link, and you can't
refund the course.
LINK: How To Be An Expert
Guru Formula"... and wow, I got all kinds of
questions about it...
First off, my "Instant Guru Formula" is brand-new.
It's never been released before. The course walks
you through step-by-step how to become an "expert"
or "guru" in whatever market you want.
I've done it in four different markets, and I can
show you exactly how to do it.
Second... "Instant Guru Formula" is NOT for sale.
The only way you can get it is by signing up for
Brendon Burchard's "Expert Academy"... I'm doing
it this way because these two courses go together
so perfectly. There is simply no better training
anywhere on getting "expert status" in your
market.
To get this package deal, you need to use this
link:
LINK: How To Be An Expert
If you use that link, you will also get these
extra bonuses from me:
- My Expert Academy Action Notes: these are my
personal "action notes", where I'll be going
through the course and giving you my notes.
- Product Launch Training: the last nine launches
I have done have each gone over a million dollars
in sales. Do you want to know how it's done? I was
the one who created the formula on how to do these
launches, and I'll teach that formula on this
webinar.
Here's the link again:
LINK: How To Be An Expert
best regards,
Jeff
P.S. There is absolutely no quicker path to
business success than getting "expert positioning"
in your market. The good news is that becoming an
expert is NOT rocket science. There are specific
steps that you can follow to become the "expert"
or "guru" in your market.
P.P.S. Remember, to get my bonuses you must buy
the Experts Academy through my link, and you can't
refund the course.
LINK: How To Be An Expert
Thursday, March 11, 2010
Tax rate balloons
Companies in at least 35 states will have to fork over more in unemployment insurance taxes this year, according to the National Association of State Workforce Agencies. The median increase will be 27.5%. And employers in places such as Hawaii and Florida could see levies skyrocket more than ten-fold. Many of these hikes happened automatically as prolonged joblessness triggered state laws governing their unemployment insurance systems. But at least seven states voted to raise their taxable wage bases, the level of income subject to unemployment tax. And another 10 are looking at upping the wage bases or tax rates. In addition, employers pay federal unemployment taxes. If states don't repay their federal loans, businesses could see their this federal tax go up as well in coming years, said Rich Hobbie, executive director of the National Association of State Workforce Agencies. Higher taxes dampen employers' ability to hire new workers, crimping any nascent economic recove
ry. Companies pay taxes on each employee on the payroll. "There's no doubt it discourages hiring," said Douglas Holmes, president of UWC-Strategic Services on Unemployment and Workers' Compensation, an employers' trade group. "In fact, it leads to increased unemployment." Texas, Hawaii, and Florida are the hardest hit.
ry. Companies pay taxes on each employee on the payroll. "There's no doubt it discourages hiring," said Douglas Holmes, president of UWC-Strategic Services on Unemployment and Workers' Compensation, an employers' trade group. "In fact, it leads to increased unemployment." Texas, Hawaii, and Florida are the hardest hit.
Saturday, February 13, 2010
A long term investment in real estate
Dear Investor,
With dropping home prices, a long term investment in real estate is looking pretty attractive. Whether you want to buy rental property outright, or if renting is your Plan B if your rehabbed house doesn't sell, the most important thing you need to think about before you become a landlord is risk.
Most of us were renters at some point in our lives, whether in college or while we were working that first job. When you are renting, it seems like the landlord has all of the power. He chooses the paint color on the inside of the house, what trees or shrubs you have in your yard, when your lawn gets mowed or your driveway gets cleared of snow. When your rent is late, even a teeny tiny bit, that landlord is on your butt like white on rice. And when your lease is up for renewal, the rent goes up as inexorably as the rising sun.
And yet, when you trade places and suddenly YOU are the landlord, you realize that the tenant has all of the power. The tenant physically occupies your property. They can damage the structure or the appliances. Their pets pee on the carpet and chew up the woodword. If they sell drugs, the police could literally seize your property. And the tenant controls that ultimate item of power: The Rent Check...which you desperately need, on time, in order to pay the mortgage each month. In fact, unless you are very lucky, the rent check probably won't cover the mortgage. Worst of all, if your tenant suddenly turns deadbeat, it can take months to evict them from the house. All the while that mortgage payment has to be made, on time, every month, or you could lose the house to foreclosure.
ARE YOU SCARED YET? Well, you should be.
If you ARE a landlord or decide to go ahead and become a landlord for the first time there are many things you need to know:
How to Fill Vacancies within 72 hours
How to Have a Property in Move-in Condition BEFORE they Move-out
How to Increase Your Monthly Cash Flow When You Fill Your Vacancies
How to Get Tenants to WANT to Pay You More
How to Raise Rents and Keep Your Tenants Happy
You should also know:
The 9 most Costly Landlord Mistakes
The Vital Questions to Ask Every Applicant
How to Eliminate Costly Surprises During the Year
How to Avoid Retaliation Even When Residents are Evicted
How to Get Residents to Pay you On Time - Every Time
If you think this information would help save you time and THOUSANDS of dollars, then you need to come spend time with MR. LANDLORD, Jeff Taylor at the Brookview University Spring 2010 Real Estate Investor Retreat.
This year's retreat will be held APRIL 9TH-11TH 2010 in Hartford, CT at the Hartford/Windsor Marriott. Visit our website: www.brookviewuniversity.com and go to the Live Events Section. You can find more details and register for the Spring 2010 Real Estate Investor Retreat. You can also call Ron DelMoro at 877-734-2211 x318 for more information, or to register. Don't waste any time! Seats are filling up quickly. We sold out last year, and this year will be no different.
Don't miss out on seeing Mr. Landlord, Jeff Taylor at the Brookview University Spring 2010 Retreat this April. We look forward to seeing you there!
With dropping home prices, a long term investment in real estate is looking pretty attractive. Whether you want to buy rental property outright, or if renting is your Plan B if your rehabbed house doesn't sell, the most important thing you need to think about before you become a landlord is risk.
Most of us were renters at some point in our lives, whether in college or while we were working that first job. When you are renting, it seems like the landlord has all of the power. He chooses the paint color on the inside of the house, what trees or shrubs you have in your yard, when your lawn gets mowed or your driveway gets cleared of snow. When your rent is late, even a teeny tiny bit, that landlord is on your butt like white on rice. And when your lease is up for renewal, the rent goes up as inexorably as the rising sun.
And yet, when you trade places and suddenly YOU are the landlord, you realize that the tenant has all of the power. The tenant physically occupies your property. They can damage the structure or the appliances. Their pets pee on the carpet and chew up the woodword. If they sell drugs, the police could literally seize your property. And the tenant controls that ultimate item of power: The Rent Check...which you desperately need, on time, in order to pay the mortgage each month. In fact, unless you are very lucky, the rent check probably won't cover the mortgage. Worst of all, if your tenant suddenly turns deadbeat, it can take months to evict them from the house. All the while that mortgage payment has to be made, on time, every month, or you could lose the house to foreclosure.
ARE YOU SCARED YET? Well, you should be.
If you ARE a landlord or decide to go ahead and become a landlord for the first time there are many things you need to know:
How to Fill Vacancies within 72 hours
How to Have a Property in Move-in Condition BEFORE they Move-out
How to Increase Your Monthly Cash Flow When You Fill Your Vacancies
How to Get Tenants to WANT to Pay You More
How to Raise Rents and Keep Your Tenants Happy
You should also know:
The 9 most Costly Landlord Mistakes
The Vital Questions to Ask Every Applicant
How to Eliminate Costly Surprises During the Year
How to Avoid Retaliation Even When Residents are Evicted
How to Get Residents to Pay you On Time - Every Time
If you think this information would help save you time and THOUSANDS of dollars, then you need to come spend time with MR. LANDLORD, Jeff Taylor at the Brookview University Spring 2010 Real Estate Investor Retreat.
This year's retreat will be held APRIL 9TH-11TH 2010 in Hartford, CT at the Hartford/Windsor Marriott. Visit our website: www.brookviewuniversity.com and go to the Live Events Section. You can find more details and register for the Spring 2010 Real Estate Investor Retreat. You can also call Ron DelMoro at 877-734-2211 x318 for more information, or to register. Don't waste any time! Seats are filling up quickly. We sold out last year, and this year will be no different.
Don't miss out on seeing Mr. Landlord, Jeff Taylor at the Brookview University Spring 2010 Retreat this April. We look forward to seeing you there!
Friday, January 01, 2010
Ultra Motivated Sellers for absolutely ZERO
I took the family to Disney World yesterday to go toMickey’s Very Merry Christmas Party. We had a blast! It wasa last minute thing that we decided to do. That’s thebenefit you get out of life when you live in freedom.
Youcan do anything you want whenever you want. You can do things like that too once your real estatebusiness continues to deposit checks in your bank account ondemand. I wouldn’t have been able to take my family toDisney World on a Monday without thinking about how much itcost, without being required to ask my boss for permission,etc if I wasn’t financially fre'e. Join me for Wednesday’s training at 1:00 pm ET and I’mgoing to show you how it’s done:
Register Here:https://www1.gotomeeting.com/register/885273768We’ve been getting some feedback that our members aremissing our webinars at the 9:00 pm time because they havesomething else going on at 9:00 pm ET at night. I hear youand that’s why I’m doing this one at 1:00 PM ET Wednesday. Here are a few of the amazin*g strategies that will becovered on this training: * 3 unspoken secret marketing techniques for findingPre-Preforeclosure deals for FR’EE before your competitionknows about them. * How to find the most motivated sellers that have thehighest profit deals so you are NOT wasting your time withunmotivated sellers or small deals. I’ll show you how toquickly and easily find these deals for FR’EE right fromhome on your computer.
It’s incredibly powerful and I’ll berevealing it forthe first time. * How to increase the response rate on your direct mailcampaigns by 500% by using a simple little trick that I’llcover in detail. After you discover this, your direct mailcosts will go down by 80% because you won’t have to send thehundreds of mail pieces anymore. That’s just a few of the amazin*g new ways for finding theUltra Motivated Sellers for absolutely ZERO marketing costs.Join me to discover the other strategies that we’ll berevealing on the webinar. You owe it to yourself to get thisinformation before your competition does.
Youcan do anything you want whenever you want. You can do things like that too once your real estatebusiness continues to deposit checks in your bank account ondemand. I wouldn’t have been able to take my family toDisney World on a Monday without thinking about how much itcost, without being required to ask my boss for permission,etc if I wasn’t financially fre'e. Join me for Wednesday’s training at 1:00 pm ET and I’mgoing to show you how it’s done:
Register Here:https://www1.gotomeeting.com/register/885273768We’ve been getting some feedback that our members aremissing our webinars at the 9:00 pm time because they havesomething else going on at 9:00 pm ET at night. I hear youand that’s why I’m doing this one at 1:00 PM ET Wednesday. Here are a few of the amazin*g strategies that will becovered on this training: * 3 unspoken secret marketing techniques for findingPre-Preforeclosure deals for FR’EE before your competitionknows about them. * How to find the most motivated sellers that have thehighest profit deals so you are NOT wasting your time withunmotivated sellers or small deals. I’ll show you how toquickly and easily find these deals for FR’EE right fromhome on your computer.
It’s incredibly powerful and I’ll berevealing it forthe first time. * How to increase the response rate on your direct mailcampaigns by 500% by using a simple little trick that I’llcover in detail. After you discover this, your direct mailcosts will go down by 80% because you won’t have to send thehundreds of mail pieces anymore. That’s just a few of the amazin*g new ways for finding theUltra Motivated Sellers for absolutely ZERO marketing costs.Join me to discover the other strategies that we’ll berevealing on the webinar. You owe it to yourself to get thisinformation before your competition does.
Luxury Short Sale Business
Here a quick shout out to say HAPPY NEW YEAR! I’m committed to making 2010 your best year ever in realestate.Are you committed to making it your best year ever? If you are, I’ll see you at my VSSI Live Event in LosAngeles, Jan 28th-31st.
On Sunday night’s webinar, we’ll be dissecting the LuxuryShort Sale business by examining 5 recent closings to showyou the inner workings of the deals. One of my top studentswill show you how he’s doing these deals with no cash in thedeals and without using his credit to bu'y them. He doesn’t need bank financing to do these deals becausehe’s using transactional funding that we provide for you asa DC Fawcett member.
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
We provide funding for deals for all ofour VIP PLUS, GOLD and PLATINUM members. You don’t have any excuses anymore. We do most of the workfor you and provide the funding for you and we’ll show youhow its done Sunday night. Nothing will be sold on thiswebinar. It’s 100% training. Happy New Years!Here are some of the components of the deal that we willtalk about in the case studies: How we found the dealsHow much was owed and what it was discounted to Why the deal made it past our prescreening requirementsHow many BPO’s the lender did and how we handled them toget the lowest possible BPO’s possible What we did to the home (if anything) to get it ready tosell
How we sold the deal and how we found the buyer (you’ll besurprised to see that most of the deals sold with multipleoffers on the table)Get on the call Sunday night.Register Here:https://www2.gotomeeting.com/register/413783939Talk to You Sunday night, DCPS. I almost forgot to include the questions of the day. Dick asks: Is there a rerun of the webinar that went overall the possible mistake when putting together a short salelender's package? It was a great session!D.C.: Dick, that’s for the compliment. I put 110% into thetrainings and I’m happy you thought it was great. We do nothave reruns of our live webinars. You’ll need to attend themlive. This particular one you are referring to will berevised, updated and presented at the VSSI Live event andyou can catch it there.
I look forward to hanging out withyou in LA. Steve asks: Whose name does the deal go in while the shortis being pre-negotiated? Also,is there any earnest moneythat the bank wants to see while pre-negotiating? After thebank ok's the short sale how much time is given to find theend purchaser?D.C.: The buyer’s name on the A-B contract forpre-negotiating goes in the name of you or your company.
Some banks do not like company names because they don’t likeinvestors. Go figure. We are the people that are liquidatingall of their foreclosures. For that reason, I don’t put a company name on my contract.I use my name followed by as agent or member. You may beasking yourself, “I’m not a real estate agent. Why do I putas agent?” You are agent or member of your company. Why do we use member?
Because some banks (like Wells Fargo)does not allow “as agent” so we just use “your name, member”because you are a member of your LLC or corporation. That isthe best way to present your offer for pre-negotiating yourshort sales. That little tip will get you a lot more dealsapproved.
Happy New Years, Steve. Get even more tips on Sunday night.
On Sunday night’s webinar, we’ll be dissecting the LuxuryShort Sale business by examining 5 recent closings to showyou the inner workings of the deals. One of my top studentswill show you how he’s doing these deals with no cash in thedeals and without using his credit to bu'y them. He doesn’t need bank financing to do these deals becausehe’s using transactional funding that we provide for you asa DC Fawcett member.
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
We provide funding for deals for all ofour VIP PLUS, GOLD and PLATINUM members. You don’t have any excuses anymore. We do most of the workfor you and provide the funding for you and we’ll show youhow its done Sunday night. Nothing will be sold on thiswebinar. It’s 100% training. Happy New Years!Here are some of the components of the deal that we willtalk about in the case studies: How we found the dealsHow much was owed and what it was discounted to Why the deal made it past our prescreening requirementsHow many BPO’s the lender did and how we handled them toget the lowest possible BPO’s possible What we did to the home (if anything) to get it ready tosell
How we sold the deal and how we found the buyer (you’ll besurprised to see that most of the deals sold with multipleoffers on the table)Get on the call Sunday night.Register Here:https://www2.gotomeeting.com/register/413783939Talk to You Sunday night, DCPS. I almost forgot to include the questions of the day. Dick asks: Is there a rerun of the webinar that went overall the possible mistake when putting together a short salelender's package? It was a great session!D.C.: Dick, that’s for the compliment. I put 110% into thetrainings and I’m happy you thought it was great. We do nothave reruns of our live webinars. You’ll need to attend themlive. This particular one you are referring to will berevised, updated and presented at the VSSI Live event andyou can catch it there.
I look forward to hanging out withyou in LA. Steve asks: Whose name does the deal go in while the shortis being pre-negotiated? Also,is there any earnest moneythat the bank wants to see while pre-negotiating? After thebank ok's the short sale how much time is given to find theend purchaser?D.C.: The buyer’s name on the A-B contract forpre-negotiating goes in the name of you or your company.
Some banks do not like company names because they don’t likeinvestors. Go figure. We are the people that are liquidatingall of their foreclosures. For that reason, I don’t put a company name on my contract.I use my name followed by as agent or member. You may beasking yourself, “I’m not a real estate agent. Why do I putas agent?” You are agent or member of your company. Why do we use member?
Because some banks (like Wells Fargo)does not allow “as agent” so we just use “your name, member”because you are a member of your LLC or corporation. That isthe best way to present your offer for pre-negotiating yourshort sales. That little tip will get you a lot more dealsapproved.
Happy New Years, Steve. Get even more tips on Sunday night.
Taking Inventory - Things Done Wrong in 2009
As a new year approaches it's only natural for people to set aside a little time for reflection. Although the stock market is up by nearly 25% for the year, it's small consolation to those trying to rebuild after a 35%-40% decline. Savings have been wiped out.
Unemployment is nearing historic high's and federal savings bonds are nearing negative territory. Meanwhile, big banks and big business have been bailed-out at the expense of tax-payers who continue to wait patiently (and hopelessly) for real relief. So, is there a lesson to be learned from all this economic pain and suffering? Here at the shortsale blog we think so.
Take inventory to see which of these things done wrong in 2009 held you back from blockbuster profits:
1. Fear -Fear is by far one of the biggest threats to entering the short sale arena but if it were easy, everyone would do it. Lessen your fear by becoming informed. Join one of our webinars to learn how average people just like you are using short sale real estate to reap dramatic profits.
2. Waiting for Government Help. Biggggg mistake! It's also a lot more common than you might realize. From homeowners facing foreclosure to employees facing unemployment, millions of Americans are barely able to tread water while waiting for Uncle Sam to save them. Smart short sale investors take their future into their own hands - and profited handsomely for it during 2009. How about you?
3. Holding a Bad Hand. Like the old song says, you need to know when to hold em and know when to fold em. If you are holding a bad hand - whether it is an upside down mortgage or sinking stock investment, it is sometimes more advantageous to simply walk away and start fresh rather than continuing to hold a bad hand.
4. Lack of Interest. If ultra-low interest rates combined with incredible short sale bargains didn't spark at least a bit of interest, someone needs to have their pulse checked. We are talking buying opportunities of a lifetime - the type that build lasting wealth for generations. Act now or forever hold your peace.
5. Failure to Plan. You know what they say - failure to plan is akin to planning to fail. Why reinvent the wheel or try to go it alone when tackling short sales? Get a plan of action then implement it.
6. Let x get away. Admit it-There is at least one property still tickling the back of your brain that you let get away. Maybe because of a lack of finance or know-how, maybe because you had to many other offers on the table. Whatever the reason, the end result was watching money fall through your hands. Put a partnership into place; whether you take a small cut or develop a full-fledged business it's better to have some of the action rather than miss opportunities.
7. Playing with Fire. Sooner or later everyone allows emotion to over-ride common sense especially when real estate is involved. Whether it was a sad story that made you offer too much or an overactive ego that put you into a bidding war, playing with fire will only get you burned. It's one reason having a team or mentor can make such a big difference; everyone needs someone with the sense to pull them away from the flames when emotions threaten to take over. Make it a priority to cultivate relationship with other investors to stay safe in 2010.See you at the top!
Unemployment is nearing historic high's and federal savings bonds are nearing negative territory. Meanwhile, big banks and big business have been bailed-out at the expense of tax-payers who continue to wait patiently (and hopelessly) for real relief. So, is there a lesson to be learned from all this economic pain and suffering? Here at the shortsale blog we think so.
Take inventory to see which of these things done wrong in 2009 held you back from blockbuster profits:
1. Fear -Fear is by far one of the biggest threats to entering the short sale arena but if it were easy, everyone would do it. Lessen your fear by becoming informed. Join one of our webinars to learn how average people just like you are using short sale real estate to reap dramatic profits.
2. Waiting for Government Help. Biggggg mistake! It's also a lot more common than you might realize. From homeowners facing foreclosure to employees facing unemployment, millions of Americans are barely able to tread water while waiting for Uncle Sam to save them. Smart short sale investors take their future into their own hands - and profited handsomely for it during 2009. How about you?
3. Holding a Bad Hand. Like the old song says, you need to know when to hold em and know when to fold em. If you are holding a bad hand - whether it is an upside down mortgage or sinking stock investment, it is sometimes more advantageous to simply walk away and start fresh rather than continuing to hold a bad hand.
4. Lack of Interest. If ultra-low interest rates combined with incredible short sale bargains didn't spark at least a bit of interest, someone needs to have their pulse checked. We are talking buying opportunities of a lifetime - the type that build lasting wealth for generations. Act now or forever hold your peace.
5. Failure to Plan. You know what they say - failure to plan is akin to planning to fail. Why reinvent the wheel or try to go it alone when tackling short sales? Get a plan of action then implement it.
6. Let x get away. Admit it-There is at least one property still tickling the back of your brain that you let get away. Maybe because of a lack of finance or know-how, maybe because you had to many other offers on the table. Whatever the reason, the end result was watching money fall through your hands. Put a partnership into place; whether you take a small cut or develop a full-fledged business it's better to have some of the action rather than miss opportunities.
7. Playing with Fire. Sooner or later everyone allows emotion to over-ride common sense especially when real estate is involved. Whether it was a sad story that made you offer too much or an overactive ego that put you into a bidding war, playing with fire will only get you burned. It's one reason having a team or mentor can make such a big difference; everyone needs someone with the sense to pull them away from the flames when emotions threaten to take over. Make it a priority to cultivate relationship with other investors to stay safe in 2010.See you at the top!
Buyers/Sellers/Realtors and Negotiators
I saw this and it absolutely BLEW ME AWAY.Keep reading…You and I both know that short sales are all the rage, right?Well… you just gotta see this automated short sale "magic pill" of a system that easily cuts your work and time in HALF!This is a brand new technology that you will be FLOORED by when you see what it can do for your short sale business.How powerful?
Completely paperless short sale submission
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
Easily Fax short sale packages right out of the system
A Complete remote document collection
Build the short sale packages inside the system
Email/Fax out the short sale package direct to lenders
Easy Web management from any computer
Create Individual logins for Buyers/Sellers/Realtors and Negotiators
Imagine never having to worry about keeping track of any short sale paperwork again for the rest of your life. Then take that thought and multiply it TIMES — A THOUSAND!I got one of the nations leading short sale investors to basically open up his business systems and show you what he is using to manage...Ready for this?...Wait for it...OVER 330 SHORT SALE FILES all at once!
Yes...not kidding and It gets even better.He is going to actually build a short sale package in the system and show you how easy it is to be paperless and basically never have to worry about messy paperwork in your office dealing with short sales ever again.How cool is that?
AND GET THIS... I’m going to be giving away a laptop for JUST ATTENDING THE CALL. Yup... someone is going to get a shiney new laptop still wrapped in the plastic just for being on the call.Click here to reserve your spot now! In fact, after you register for this call I want you to do the following.Put this date in your calendar, PDA or favorite record keeping device and cancel anything that conflicts with it.
Completely paperless short sale submission
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
Easily Fax short sale packages right out of the system
A Complete remote document collection
Build the short sale packages inside the system
Email/Fax out the short sale package direct to lenders
Easy Web management from any computer
Create Individual logins for Buyers/Sellers/Realtors and Negotiators
Imagine never having to worry about keeping track of any short sale paperwork again for the rest of your life. Then take that thought and multiply it TIMES — A THOUSAND!I got one of the nations leading short sale investors to basically open up his business systems and show you what he is using to manage...Ready for this?...Wait for it...OVER 330 SHORT SALE FILES all at once!
Yes...not kidding and It gets even better.He is going to actually build a short sale package in the system and show you how easy it is to be paperless and basically never have to worry about messy paperwork in your office dealing with short sales ever again.How cool is that?
AND GET THIS... I’m going to be giving away a laptop for JUST ATTENDING THE CALL. Yup... someone is going to get a shiney new laptop still wrapped in the plastic just for being on the call.Click here to reserve your spot now! In fact, after you register for this call I want you to do the following.Put this date in your calendar, PDA or favorite record keeping device and cancel anything that conflicts with it.
My "Find The Seller" strategy
Wednesday's training session on my brand spanking new Private Liquidations system was AMAZING! Thank you to everyone who attended and for all of your wonderful feedback.I've never done a training quite like this and I've definitelynever revealed such closely guarded secrets on a webinar.So good news to all who missed it.
You're getting a secondchance to check out all of the undercover tips and tricks thatwere revealed. Take your pick from the 2 times below...Click below to reserve your spot for Saturday at 1pm EST:https://www1.gotomeeting.com/register/375998713Click below to reserve your spot for Sunday at 6pm EST:https://www1.gotomeeting.com/register/636480545Here's just a taste of what you'll learn during this training...- My "Find The Seller" strategy and how I use it DAILY to generate cash on demand...- Why less really is MORE when it comes to finding motivated sellers (and how searching for FEWER deals can actually generate MORE deals for you...which means
MORE cash in your bank account).- What a "lead magnet" is and why choosing the right one can mean the difference between a 1% response rate and a 50% response rate...- A behind-the-scenes look at my highest converting motivated seller lead campaign EVER (PLUS my permission to shamelessly knock it off!) ...and a whole lot more.So if you're ready to learn how to finally find HIGHLY motivated sellers at will and experience the sheer joy of watching cash pour into your bank account, then you have to check out this training webinar.
Click below to reserve your spot for Saturday at 1pm EST:https://www1.gotomeeting.com/register/375998713Click below to reserve your spot for Sunday at 6pm EST:https://www1.gotomeeting.com/register/636480545Success and nothing less,
You're getting a secondchance to check out all of the undercover tips and tricks thatwere revealed. Take your pick from the 2 times below...Click below to reserve your spot for Saturday at 1pm EST:https://www1.gotomeeting.com/register/375998713Click below to reserve your spot for Sunday at 6pm EST:https://www1.gotomeeting.com/register/636480545Here's just a taste of what you'll learn during this training...- My "Find The Seller" strategy and how I use it DAILY to generate cash on demand...- Why less really is MORE when it comes to finding motivated sellers (and how searching for FEWER deals can actually generate MORE deals for you...which means
MORE cash in your bank account).- What a "lead magnet" is and why choosing the right one can mean the difference between a 1% response rate and a 50% response rate...- A behind-the-scenes look at my highest converting motivated seller lead campaign EVER (PLUS my permission to shamelessly knock it off!) ...and a whole lot more.So if you're ready to learn how to finally find HIGHLY motivated sellers at will and experience the sheer joy of watching cash pour into your bank account, then you have to check out this training webinar.
Click below to reserve your spot for Saturday at 1pm EST:https://www1.gotomeeting.com/register/375998713Click below to reserve your spot for Sunday at 6pm EST:https://www1.gotomeeting.com/register/636480545Success and nothing less,
"Make a quick 5 to 10k in time for New Year"
Wow, I think my "Make a quick 5 to 10k in time for New Year" note hit a chord yesterday when I announced yesterday that BillBronchick was going to present a live webinar on Wholesaling deals. We are just about full already so I hope you were one of the luckyones who got in early. If not, click this link to register now ==>Register and Get Quick Video on Double ClosingsWholesaling means finding and negotiating great deals then flipping to other investors for a quick cash profit - 5 to 10k in your pocket. If you need to generate extra income right now, then join attorney Bill Bronchick and myself so you can flip a few deals before 2009 ends. Bill is the author of the best-selling book, "Flipping Properties", the book that was given rave reviews by USA Today, the Chicago Tribune and the L.A. Times. He is an active real estate investor who flips a dozen houses a year and gets most of his deals from wholesalers that he has personally trained. Would you like to be trained personally by the master?
Wholesaling is dead?
Wholesaling is dead? Mary that's what some people will tell you. In fact, wholesaling is alive and well, but the way to do it has completely changed and attorney Bill Bronchick is going to show you how to do it right in today's market this Tuesday night.I've known Bill for 14 years now and I've turned to him for advice both as an attorney and as a friend. If you want to make some quick cash - and do it the right way, don't miss this special Web Class. ==>Register and Get Quick Video on Double Closings it's Tuesday, 12/15/09 at9:00pm EST8:00pm CST7:00pm MST6:00pm PSTYou'll Discover: - How to do a double close without freaking out your title company- How to use a reverse assignment to get around FHA seasoning- How to find all the wholesale deals you'll ever need in your pipeline- Overleveraged property? No problem, Bill will show you how to wholesale those- Bank owned properties No problem, you can still wholesale those, too.This has to be one of the most popular topics for a good reason... Everyone loves making 5 to 10k when they flip a deal.Here's your chance to learn from the Master himself,
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