REI Marketing Tips

This past Tuesday night I held my Foreclosure Master’s Coaching Club monthly call.  For only $7.95 to get started (and then a measly $49.95 per month thereafter) there’s no question that it’s the best value for those looking for help with their real estate investing business.  On Tuesday’s call I reviewed my day, which consisted of:

1. A BPO for another short sale deal that we’re working on, where I met the appraiser (who was actually a W2 salaried employee of Bank of America) who told me that my offer price of $460,000 “sounds about right for this property” (SMILE!).  During Tuesday night’s call I also reviewed some basic but important things that you have to do ANYTIME you go on a BPO appointment.

2. The fact that we closed on a half million dollar condo in La Jolla, CA, and to close the deal I came out of pocket $30. This is a renovation/flip deal in which I have a partner on the deal.

3. LIVE Q&A and answering of questions by people (note that if you want to join my Foreclosure Masters Coaching Club, you get to chat with me live, 1-on-1 about your real estate investing business. This is the last time I’ll mention it’s only $49.95 per month. You can get a trial membership for only $7.95 here: www.BestForeclosureSystem.com/oto)

I decided to post the audio replay to the this month’s coaching call, because it was full of great information, and I want you to see how you can personally get on the phone with me once a month and get your real estate investing questions answered.  You can listen to this month’s training call here.

On the coaching call this past Tuesday night I outlined (VERY QUICKLY) how we structured the La Jolla deal, and then answered a few questions. However it dawned on me that a LOT of people in our community (even the ones who aren’t in my Foreclosure Masters Coaching club) might want to learn more about how this deal was structured, and how I can close on a $500,000 property with only $30 out of pocket (and NOT flip it right away, but hold it so we can do the renovations and make a $125,000-140,000 profit on the backend).

Oh yeah, and I’m not doing ANY of the work related to the rehab (my partner is doing it ALL).

So what I’m going to do is host a special teleseminar (audio only) next week to break down this deal.

Here’s what we’re going to cover on this special “Case Study” teleseminar:

- You’ll get to meet the person who FLIPPED the deal to me.  (I was actually the “CASH” or “C” buyer on this deal).
- He’s going to break down how he found it, how he negotiated it, and how he flipped it to me.
– He’ll share with you why I was the PERFECT buyer for this deal.
- I’ll share with you how I got the cash for this deal (hint: private money).
– I’ll tell you how I structured the deal so I only had to put $30 into it.
- I’ll let you know how I structured the partnership with the person who is going to do 100% of the rehab work on the property.
– I’ll share with you some killer resources and ideas for how you can raise private money (for your own deals).
- I’ll talk about how having access to private money TOTALLY changes the way you can approach real estate investing, making offers, and closing on deals that you never could have in the past.

All of the call-in details can be found here: http://instantteleseminar.com/?eventid=18763446

Make sure to add this to your calendar. You can put questions in the chat box on the teleseminar page, and we’ll also take LIVE Q&A questions about how we structured this deal on the call as well. Go here now to get all of the details on this free, live, “case study” training call: http://instantteleseminar.com/?eventid=18763446

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If you haven’t already registered for this Wednesday evening’s training call, you need to do so right now. Just visit this webpage.

My friend, Phill — who will partner with you — is by far THE MOST successful real estate investor I have ever met. He’s done over 1,200 deals since December 15, 2003 (on that date he did his very first deal). Over 1,000 of those were short sales!

Phill has mastered and perfected (and invented some of) 12 different investing strategies that allow you to get paid on ANY deal you come across… in ANY situation… in ANY market of the United States!

Half of the 12 strategies he teaches require NO money down to implement.

(Also… It doesn’t matter where you live — big city or small town — Phill’s 12 strategies can be used to turn almost ANY lead you get into a deal.)

Right now, Phill’s doing approximately 20 deals each and every month. In fact, we calculated it and on average he’s completing one deal every 39.5 hours!!

Check out the video of Phill & I in his mansion in Austin. Then go here to register for the webinar: https://www2.gotomeeting.com/register/463905090

Remember, this very special training takes places this Wednesday night, September 29th at 6pm PST/ 9pm EST, but you have to register for it first (for free) right here:
https://www2.gotomeeting.com/register/463905090

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I came across these 2 articles in the past couple of days while surfing the web. If you’re a real estate investor, I would consider both of them mandatory reading.

The first article is about Brent T. White, a University of Arizona law school professor, who says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so.

When I first read it I was a bit shocked. However, here’s a tip for you:

I would print out this article and take it on short sale appointments with me. However, instead of telling the people to walk away, I would tell them that a short sale would be far less damaging to their credit.

The second article is from Bloomberg, and it talks about how we’re going to see not just a huge increase in foreclosures, but also in luxury home foreclosures. This excites me, as their are much larger spreads and profit potential when doing deals with luxury homes.

I would take 10 minutes, and read each article. Hopefully it gives you some good insight, and also the opportunity to get motivated and excited about your real estate investing business in 2010.

Happy Holidays!

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