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Case Study: Half Million Dollar La Jolla Condo For Only $30 Out Of Pocket

Posted by justin_lee | Posted in Case Study, Cash Buyers, content, deal splits, Luxury Homes, making offers, preforeclosure, Q&A, real estate investing, Short Sale Flips, short sales, teleseminar, training, Uncategorized | Posted on 31-03-2011

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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The Best Freedom Soft Bonus Package

Posted by justin_lee | Posted in bonus, deal splits, Lead Generation, Marketing, preforeclosure, Preston Ely, r.e. investing, real estate investing, SaveMeFromForeclosure.Com, The Foreclosure Marketing Machine | Posted on 16-11-2010

I’ve created a bonus package for anyone who orders FreedomSoft using my official link.

My bonus package isn’t a bunch of junk that you’ll never need, but rather the perfect compliment to getting the best real estate investing software on the market.

Just get FreedomSoft, email me your receipt, and once we verify your order you’ll get:

1. $0 Set Up fee for your very own, exclusive SaveMeFromForeclosure.com County (details here)
2. No monthly on your SaveMeFromForeclosure.com county (no billing until January 2011)
3. Special LIFETIME pricing of only $97 per month, EVEN IF YOU BUY A $500/month COUNTY! (Note: if your county is less than $97/month you get it at the cheaper price)
4. Free 1 hour phone consultation/coaching call with Justin Lee to skyrocket and fast track your real estate investing business
5. Opportunity to do 50/50 deal splits and partner with Justin on any deals currently in your pipeline, or any future deals
6. Access to Justin’s PRIVATE MONEY (not hard money, but true private money) for your deals

Six real bonuses that will contribute massively to your success in real estate investing. No need to go anywhere else, to claim your FreedomSoft bonuses just order through my special link, and then simply email us a copy of your receipt.



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Free Real Estate Training: 30 Ways To Find Deals

Posted by justin_lee | Posted in bank owned properties, deal splits, funding, Interview, Luxury Homes, making offers, Marketing, preforeclosure, r.e. investing, real estate investing, REO, Short Sale Flips, training, video, webinar | Posted on 27-09-2010

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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Short Sale Approval System Teleseminar Replay

Posted by justin_lee | Posted in content, preforeclosure, r.e. investing, real estate investing, seasoning, Short Sale Flips, short sales, teleseminar, training, Uncategorized | Posted on 23-07-2010

Last night I held the first ever “Short Sale Approval System” training teleseminar. Hundreds of people joined us as we reviewed how you can get tons of short sales approved, in writing, in 30 days, guaranteed!

I am posting the replay to the audio below, but before I do that, i want to make some important clarifications about last night’s call:

1. I kept telling everyone that the correct email address to send your deals to for evaluation was leads AT ShortSaleApprovalSystem.com. That was INCORRECT! The CORRECT email address is deals AT ShortSaleApprovalSystem.com. As you can see, I was suffering from a mild form of dyslexia last night…LOL.

I have corrected the email address so that moving forward, BOTH email addresses work. However, if you sent in a deal last night within the first two hours, please RESEND the email.

2. Many people on the call were asking about “what about if there’s 2+ mortgages on the property. In that instance, as long as it’s a “mix and match” of the lenders (listed below) we can handle them. In the case where only the 1st (but not junior) lien is with one of the lenders listed below, we can still work it, but you’ll have to work on the 2nd mortgage yourself. IMHO, the best thing to do is to stick with files that only have 1 lender, or if 2 lenders, it’s a combination of those below.

3. In the training I reference “the snake”. We’re taking part in a pilot program for this lender on Monday (we’re picking up 2 new deals tomorrow). I’ll let you know as soon as this is ready for public consumption, hopefully very soon.

Okay, here is the audio so you can listen (again). Also, below the audio, I’m going to a “matrix” showing you each lender, and their requirements. You need to listen to the call in detail to understand the matrix below. Please don’t send in any deals without first listening to the call below.


LenderType Of Loan That Is Okay30 Day Guaranteed Written ApprovalGuaranteed 6% CommisionGuaranteed Satisfaction of Mortgage BalanceGuaranteed $1,000 to Seller On HUD1Take A File In Process?
Wells FargoPorfolio OnlyYESYESNONONO
WachoviaPorfolio OnlyYESYESNONONO
World SavingsANYYESYESYESYESNO
CitiFANNIE or Private Investor (No FREDDIE or FHA)YESYESYESNOYES



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Best SIMS Bonus Package Available

Posted by justin_lee | Posted in Better Business Bureau, bonus, Internet Marketing, Marketing, preforeclosure, SaveMeFromForeclosure.Com, sell property fast, squeeze pages, The Foreclosure Marketing Machine | Posted on 12-07-2010

SIMS is being offered starting tomorrow, Tuesday July 13th at 12pm EST. If you order SIMS through my special link you get access to the following insane bonus package:

1. Waived set-up fee for your very own official SaveMeFromForeclosure.com territory. No longer have branding or credibility issues when you can tell a homeowner that your company has a perfect track record with the Better Business Bureau. Plus so much more like:

- Done for you short sale negotiations, debt settlement & loan modifications
- Exclusive Marketing, Branding & Licensing rights
- Marketing tools like advertorials, direct mail letters, free reports & much more
- Door knocker scripts AND objection replies

Plus, MUCH, MUCH more that you can check out in detail here (Value $2,497).

2. Press Releases are a HUGE part of our Internet strategy. Press Releases are a component of SIMS, although quite honestly, there’s not enough time spent on them in the course (I went through SIMS with great detail, and found that this was one area that wasn’t as good as it could have been). Fortunately for you, Dreama and I recorded 2 separate audios EXCLUSIVELY on using Press Releases in your real estate investing business. These 2 audios will be made available to you for download after you order SIMS through our special link (Value $97)

3. As many of you know, Dreama used to do PR for the White House. When you order SIMS through our special link, Dreama will PERSONALLY write 2 press releases for you for any aspect of your business. This could be for a Property Launch, announcement of a new website, sale of a property, you name it, we’ll write it for you! (value $497)

4. Submission of Press Releases to all of the major Internet press release sites. Look, just because you’ve written your Press Releases, you’re only halfway done. Now you need to distribute them. Don’t know where to start, or don’t want to spend the time manually inputting them? No problem, not only will my team put them on a webpage for you, but we’ll submit them to all of the major free press release sites. Plus, we’ll show you exactly where and how we submit our Press Releases for any future ones that you do (Value $97)

5. Two (2) hours of FREE web development services from my own personal web developer! If you need any web pages created, blog plugins set up, or anything else web related, you can use my personal web developer (based in North America) for you needs. Work with someone who ONLY speaks English, so there’s no language barriers or confusion (Value $50)

6. Ability to use my wed developer for ongoing projects (after you use your first 2 free hours) at the insanely low reduced rate of $25 per hour! Finally, get any web work you need done so you can focus on your real estate investing. My developer understands all of the needs to be successful online. Don’t waste your time interviewing someone or hiring overseas, when you can use my developer (Value: priceless)

7. A free audio recorded about how I sold a house in 5 days in a snowstorm. Take what I did, learn from it, and apply it to the Property Launch Formula (Value: $27)

That’s $3,265 in bonuses in addition to finally getting an English speaking web developer who “gets” our business immediately added to your team.

Lots of other people are offering bonuses with big boxes of more “STUFF” that many of you don’t need. What many of you need is to take action and to implement. My bonuses, including writing by Dreama, web development work, and coaching and consulting from me, are worth FAR MORE than getting another big box of “STUFF” that’s going to sit on your shelf. My bonuses help you in 2 ways:

FIRST they get COMPLEMENT exactly what you get when you order SIMS through my special link.
SECOND they include work done by me, my developer, and Dreama that are tangible assets to your business, not more “STUFF” sitting on your bookshelf.

Remember that you can claim your bonus package when SIMS goes LIVE on Tuesday, July 13th at 9am PST/12pm EST and you order through my special link.

TO BE ELIGIBLE FOR THIS BONUS, YOU MUST ORDER THROUGH MY SPECIAL LINK.

After you order, simply forward me an email with your receipt and we’ll verify your order.

IF YOU ORDER THROUGH SOMEONE ELSE’S LINK, YOU ARE NOT ELIGIBLE FOR MY BONUSES!



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Guerilla Marketing For Real Estate Investors: Getting Creative

Posted by justin_lee | Posted in Chase Bank, content, creative re marketing, free tools, Lead Generation, Marketing, preforeclosure, r.e. investing, real estate investing, Short Sale Flips, short sales, training, video | Posted on 19-06-2010

Last month I wrote a blog post about how Chase Home Finance had opened 51 “Home Ownership” centers across the country. These centers were to provide free foreclosure and loan modification counseling for anyone who was behind on a Chase mortgage.

I mentioned this and asked people to find creative ways on how they could use this information to grow their business. I actually went out to one of the Chase Home Ownership centers here in San Diego, but discovered that they don’t refer any business out. Even if the homeowner is denied a loan modification!

But I knew that these were high traffic areas with highly targeted prospects: people behind on their mortgages. I recorded a quick video to show you how we ended up targeting these homeowners:

After you watch the video below, please leave a comment. I installed a new plug-in on my blog, and it automatically gives anyone who lives a comment on my blog high ranking, one-way back link to their site just for a leaving a comment.

Now why would you want to do that, you ask? Well, one of the best ways to get your sites to rank higher in the search engines is to get lots of ONE WAY links coming to your site. That’s because Google sees each link as a “vote” in terms of relevance and popularity for your site.

Normally this is very time consuming, but I found a new WordPress plugin called “Top Commentators”.

The Top Commentators plugin actually lists the top 10 commentators on EVERY PAGE of the bloggers blog WITH a one-way link back to the commentators website! Do you see how big this can be? If you are ranked as one of the top 10 commentators on a blog with 50 pages you’ll instantly get 50 one-way links pointing back to YOUR website! How cool is that? What if the blog had 100,000 webpages?

So here’s how this works…

You need to find blogs that are using the Top Commentator plugin (do a Google search) and you need to leave RELEVANT, USEFUL comments on those blogs.

So where do you start??? Here’s where you can help me, help you…

If you look on the right side bar you’ll see that I have the Top Commentators plugin installed. And because I have only a few comments at this time, YOU can easily become a Top Commentator listed on this blog with a one-way link back to your site! And yes, my blog will be is continually growing, which means more and more links and free traffic back to your website over time.

So there you have it…a free way to get quality traffic. All you need to do is post a USEFUL comment here on the blog. I figured that this post was the perfect start, because there’s a great video on here.

So happy investing, let me know how you enjoyed the video, and leave a comment and start getting MORE traffic back you to YOUR website!



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Invitation For Training With “Attorney X” (Former Bank Attorney Flips Sides)

Posted by justin_lee | Posted in Attorney, loan modifications, preforeclosure, r.e. investing, real estate investing, training, Uncategorized, webinar | Posted on 08-06-2010

I finally found the hidden video footage that I recorded last month with “Attorney X” when I first met him in Los Angeles last month. Check out what he has to say, and then make sure that you register for the training that we’re hosting by clicking the link below….

Uh Oh! Please install the latest Adobe Flash Player. Once the player installation is complete, refresh this page.

If you have verified that you do have the latest Adobe Flash Player installed, you may not have Javascript enabled in your browser. Please check to make sure you have Javascript enabled in your browser settings.


Ready to register? The training is this Thursday night, June 10th at 6pm PST/9pm EST, and you can register for free right by clicking here.



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Bonus Package For DC & Karen’s Commercial Goldrush System

Posted by justin_lee | Posted in bonus, Commercial Real Estate, foreclosure, Marketing, preforeclosure, real estate investing, short sales, video, webinar | Posted on 10-05-2010

For everyone who is going to make an investment in Karen Hanover & DC Fawcett’s incredible Commercial Foreclosure Goldrush system, I want to be sure that when you purchase through my link, you are eligible for the following bonuses. Please note that to qualify for these bonuses, you MUST purchase the ELITE level of Karen & DC’s system.  I recorded a quick video for you to watch to see all of the bonuses and how they work perfectly with DC & Karen’s system:

BONUS #1- Waived Set-up Fee for your very own SaveMeFromForeclosure.com county (Value: $2,497)

Instantly have a page 1 Google ranked website, instant credibility, a perfect track record with the Better Business Bureau and SO MUCH MORE with this bonus.  What you get is too lengthy to list here, so check out this link.

BONUS #2- New 4 week coaching program showing you how to get FREE labor for your business (Value: Priceless)

Dreama and I have been working on a super secret project that shows you exactly how you can get FREE labor, from college educated people, without having to spend a penny on payroll.  This is part of a super-secret new project we’re working on, but you’ll get instant, immediate access to a 4 week coaching program revealing EXACTLY what we’re doing with this.  That’s all I can say about this, but if you realize that you need more resources to help your business grow, but you’re sick of Virtual Assistants, this is one bonus you simply must claim.

BONUS #3- Access Justin & Dreama’s Private Money For Your Commercial Deals (Value: Priceless)

If you have been following Dreama & I for a while you know that we recently sold our million dollar home in Vancouver to move to San Diego (because it’s cheaper here…seriously).  We have set aside some of our funds for great commercial deals.  In fact, we found one in February that pays us a net cash flow of $4,432.19 per month.  But we’re looking for more.  Purchase Karen & DC’s elite level program through our link, and be assured that we’ll personally review any deal that you’re working on and be able to help be private lenders on good deals that you find.  These are our own personal private funds, not someone else’s. Sure no money down deals are possible, but when you have cash to bring to the table, the number (and quality) of deals available to you really opens up.  (Please note that Dreama and I reserve the right to review and inspect all deals before we agree to lend on them).

BONUS #4- Be entered into the following prize drawings (Value: $1,000+)

Buy through our special link and you’ll instantly be entered into a draw for the following items:

Raffle Item #1- Free roundtrip airfare to Karen & DC’s 4 day bootcamp (so you don’t have to pay to attend, you can just show up)

Raffle Item #2- New flip cam

Raffle Item #3- New Ipod Nano

There you have it. Four incredible bonuses available for you by purchasing DC & Karen’s system through my special link. Remember that you must purchase the ELITE level of their system, and also use my link. After you do that, just forward me your receipt and we’ll take care of you.



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60 Minutes On Strategic Defaults

Posted by justin_lee | Posted in foreclosure, Freddie Mac, preforeclosure, real estate investing, short sales, Strategic Default, video | Posted on 10-05-2010

Did you see CBS’s 60 Minutes last night?  They did a piece on “Strategic Defaults”.  Here is the 12 minute news piece in case you missed it (my thoughts on this below):


Watch CBS News Videos Online

So what are the perils of strategic defaults from the investor’s perspective?

First, you should NEVER suggest to your prospects to stop making payments.  EVER.  Of course, once someone decides to no longer make mortgage payments, and they are already late, then by all means I would engage them about a short sale.

Second, I would strongly encourage you to educate people who are considering just “walking away” on the numerous advantages of a short sale over this strategy.  I actually wrote a blog post about this about a year ago, that you can read here.

Third, you need to be aware of the potential allegations of fraud when working with a strategic default.  Freddie Mac recently came out with an article titled “A Perspective On Strategic Defaults”.  This goes back to point #1, which is you should NEVER be telling a homeowner to default on their mortgage.  My friend and colleague Ron Ballard also has come great insight on this topic on his blog.  And my friends at Old School Title have suggested that investors should start asking for a copy of a homeowner’s credit report to ensure that they short sale they are working is not a plan for a strategic default.

In closing, I would think that we are going to start seeing more strategic defaults.  What I do find interesting, however, is the notion of “just walking away”.  To me, this seems silly, to let your home go into foreclosure, instead of finding a short sale buyer.  I understand that some people don’t want the disturbance of potential buyers looking at their property, but this to me seems a small price to pay in exchange for only having a short sale, and not a foreclosure, on your credit report for the next 7 years.

I would love to read your comments below on this very controversial topic.  Please remember to let us know if you’re addressing it coming from the point of view of an investor, a homeowner, or someone else.



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Chase Bank To Host Foreclosure Prevention Counseling Events

Posted by justin_lee | Posted in Chase Bank, foreclosure, Lead Generation, making offers, preforeclosure, real estate investing, sellers, short sales | Posted on 07-05-2010

Chase Bank will host multiday foreclosure prevention counseling events in eight markets across the country.  The events will occur over the next five months and the first one will be held in Chicago from May 13-17. Events for Atlanta and Washington, D.C., will follow in June. Dates for the remaining markets — New York, Northern California, Orlando, Phoenix, and Southern California — have not yet been announced.

Now as a real estate investor, how can this benefit you?

Well, do you think that a lot of your prospects (homeowners facing foreclosure) might be at these events?  Did you know that Chase opened 51 Chase Homeownership Centers nationwide to help homeowners facing foreclosure?

Check the list.  Their might even be one in your town.  There’s 2 of them here in San Diego.

My team and I are sitting down today to strategize about how we might be able to work with these centers.

I wouldn’t recommend just running in the door and screaming “We Buy Houses!”.

However, if you think about this strategically, there might be a way to let the people who work at these Chase centers know that you’re interested in buying short sales.

I’d love for you to post a comment and let me know how you might approach these centers and create a win-win-win for everyone involved (Chase, the homeowner, and you).



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