My buddy Drew Downs, one of the top wholesalers here in Tampa, recentlyfigured out a way to do real estate without ever having to deal with -unqualified buyers-pain in the a$$ realtors-rehabs-short sales-unrealistic sellers And the best part is...he has all of his competition bringing him the deals!
So, my friend Bill is KILLING it with master lease options.
He just wrote to tell me that the latest deal (#5!) he picked up is a
9-unit apartment building on a 5 year master lease option.
My friend Charles also just got his first MLOM deal accepted and get this...
It's a $3.1 million option on a building worth $3.5 million. Once he leases
it up to 80% it's be valued at $4.7 million! That's a $1.8 million profit on
the back end and $24,500 a MONTH in net income!
Friday, March 30, 2012
Wholesaling-Rehabs Seriously
Hey there! I have a question for you... What is the #1 thing that is holding youback from making more dinero in yourreal estate biz? I don't care what niche of real estate you're working... -short sales-REOs-Probates-Wholesaling-Rehabs Seriously- what is the
#1 obstacle that iskeeping you from making more moneyin real estate right now? If you said lack of funds, you're in the same boat as everyone else... Now I want you to imagine- instead ofcompeting for all of the smokin' hot deals,sitting back and letting your competitionbring the deals to you.
#1 obstacle that iskeeping you from making more moneyin real estate right now? If you said lack of funds, you're in the same boat as everyone else... Now I want you to imagine- instead ofcompeting for all of the smokin' hot deals,sitting back and letting your competitionbring the deals to you.
Master Lease Options
So, my friend Bill is KILLING it with master lease options.
He just wrote to tell me that the latest deal (#5!) he picked up is a
9-unit apartment building on a 5 year master lease option.
My friend Charles also just got his first MLOM deal accepted and get this...
It's a $3.1 million option on a building worth $3.5 million. Once he leases it up to 80% it's be valued at $4.7 million! That's a $1.8 million profit on the back end and $24,500 a MONTH in net income!
He just wrote to tell me that the latest deal (#5!) he picked up is a
9-unit apartment building on a 5 year master lease option.
My friend Charles also just got his first MLOM deal accepted and get this...
It's a $3.1 million option on a building worth $3.5 million. Once he leases it up to 80% it's be valued at $4.7 million! That's a $1.8 million profit on the back end and $24,500 a MONTH in net income!
Sunday, March 18, 2012
Become an Entrepreneur
Your competition is waking up to this
fact -- do you know what THEY know?
--------
The other day I was listening to money
pitches from startup guys, and I
asked them, "who is your competition?"
Ashley and Jordan were presenting and
they looked at me and then...
...they made the cardinal
mistake of saying, "we have no competition."
UGH!!!!!!
If this was the gong show they'd be
gonged off the air.
Because if you have no competition, there is
a reason -- the reason is that you have
no market.
If you have no market, then with my money
or a VC's money you are not likely to be
able to create one either.
What a business needs to do is go after
an EXISTING market that is large and
then just get a piece of it.
You WANT a lot of competition before you
go into a market.
But you want something SPECIAL from
your competition (more in a moment on that.)
In fact, have you noticed this trend
with restaurants and car dealerships?
All the car dealerships in my area
are next to each other, and they aren't
all owned by the same people either.
And there are about 50 restaurants
up the street practically all next to
each other.
Why do competitors band together in one
place?
Because the more competition, the more customers.
People will go to a street with 50
restaurants on it, more than they will
travel to ONE restaurant.
Each of the 50 is better off because of
their competition.
Same with car dealers. Go to "car dealer
row" and you will go to three or four
car dealers and each will have a chance
at your business they wouldn't have if
they were out on their own somewhere.
You WANT competition as a business owner.
But you want something special from
your competitors.
If you are a restaurant, you want your
competitors to have BAD FOOD and
disagreeable waiters.
If you are a car dealer, you want your
competitors to have a bad reputation
and crummy cars.
If you are a Realtor you want your
competitors to be poor at getting
listings and lousy at working with
clients.
My favorite thing I love in a market is
to have BAD competition.
I LOVE competition. Bring it on! I
want to enter super competitive lines
of business but I want to enter those
that have very BAD competitors.
And nowhere is competition as bad as
it is in the Realtor business.
Excuse me, but most Realtors are
complete nincompoops.
In every way.
Terrible at their jobs and even worse at
marketing.
So that's why I'm doing a LIVE webinar
and we're going to go DEEP into fantastic
ideas and specific techniques you can
implement if you are a Realtor.
My guest and I will reveal specific actionable
ways you can immediately stand out and
go so far beyond your "competition" that
it is ridiculous.
We've had one guy list $7 million in
a few months with this information.
It's a matter of doing specific things in
a VERY unusual way.
We'll focus a lot on farming listings from
your area where you've never met the
people.
For example, a VERY different way that
almost guarantees you'll get FSBO listings
when your competitors are playing their
games pretending they have a buyer.
And an amazing method of turning expireds
into listings that makes it so easy for
people to say "yes" and almost impossible
for them to say no.
We'll show you how you can TODAY begin to
stand out so you are so different that
your so-called competitors will appear
to be the amateurs they are.
And you'll see how you are completely
missing the boat when you present your
marketing ideas to your potential listings
and how you can make this RIGHT the
next morning after this webinar.
Even if you have some powerhouse in your
area that "gets all the listings" you'll
become a powerhouse yourself.
There is NO market that is easier right now
to stand out and clean up in than the
residential real estate brokerage market.
fact -- do you know what THEY know?
--------
The other day I was listening to money
pitches from startup guys, and I
asked them, "who is your competition?"
Ashley and Jordan were presenting and
they looked at me and then...
...they made the cardinal
mistake of saying, "we have no competition."
UGH!!!!!!
If this was the gong show they'd be
gonged off the air.
Because if you have no competition, there is
a reason -- the reason is that you have
no market.
If you have no market, then with my money
or a VC's money you are not likely to be
able to create one either.
What a business needs to do is go after
an EXISTING market that is large and
then just get a piece of it.
You WANT a lot of competition before you
go into a market.
But you want something SPECIAL from
your competition (more in a moment on that.)
In fact, have you noticed this trend
with restaurants and car dealerships?
All the car dealerships in my area
are next to each other, and they aren't
all owned by the same people either.
And there are about 50 restaurants
up the street practically all next to
each other.
Why do competitors band together in one
place?
Because the more competition, the more customers.
People will go to a street with 50
restaurants on it, more than they will
travel to ONE restaurant.
Each of the 50 is better off because of
their competition.
Same with car dealers. Go to "car dealer
row" and you will go to three or four
car dealers and each will have a chance
at your business they wouldn't have if
they were out on their own somewhere.
You WANT competition as a business owner.
But you want something special from
your competitors.
If you are a restaurant, you want your
competitors to have BAD FOOD and
disagreeable waiters.
If you are a car dealer, you want your
competitors to have a bad reputation
and crummy cars.
If you are a Realtor you want your
competitors to be poor at getting
listings and lousy at working with
clients.
My favorite thing I love in a market is
to have BAD competition.
I LOVE competition. Bring it on! I
want to enter super competitive lines
of business but I want to enter those
that have very BAD competitors.
And nowhere is competition as bad as
it is in the Realtor business.
Excuse me, but most Realtors are
complete nincompoops.
In every way.
Terrible at their jobs and even worse at
marketing.
So that's why I'm doing a LIVE webinar
and we're going to go DEEP into fantastic
ideas and specific techniques you can
implement if you are a Realtor.
My guest and I will reveal specific actionable
ways you can immediately stand out and
go so far beyond your "competition" that
it is ridiculous.
We've had one guy list $7 million in
a few months with this information.
It's a matter of doing specific things in
a VERY unusual way.
We'll focus a lot on farming listings from
your area where you've never met the
people.
For example, a VERY different way that
almost guarantees you'll get FSBO listings
when your competitors are playing their
games pretending they have a buyer.
And an amazing method of turning expireds
into listings that makes it so easy for
people to say "yes" and almost impossible
for them to say no.
We'll show you how you can TODAY begin to
stand out so you are so different that
your so-called competitors will appear
to be the amateurs they are.
And you'll see how you are completely
missing the boat when you present your
marketing ideas to your potential listings
and how you can make this RIGHT the
next morning after this webinar.
Even if you have some powerhouse in your
area that "gets all the listings" you'll
become a powerhouse yourself.
There is NO market that is easier right now
to stand out and clean up in than the
residential real estate brokerage market.
Subscribe to:
Posts (Atom)