PS- Since it came up a few times last night, later today I’ll be sending you an email with a video about finding private lenders. DO NOT miss watching the video!
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)
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).
- 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.
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
Recently we’ve sent our email subscribers lots of information about 2 important subjects:
1. Furthering your short sale education AND
2. Finding cash buyers
I wanted to illustrate this point even further by showing you copies of the last 2 checks that we’ve collected THIS MONTH (February 2011). You’ll have to remember that the name of my company that flips houses is called JL Investing, LLC. With that being said, “check” these out:
Now first let me point out to the you that the check for $119,941.56 isn’t the NET profit on that deal. The actual net profits, once private lenders were paid off, was about $33,000.
But the second check, the one for $35,100 was 100% profit (we assigned the short sale to a cash buyer, and never even closed on it).
So why I am posting pictures of checks here on my blog? To brag? Not in the least. In fact, if you’ve been reading my blog you know that I pretty much never flaunt checks in your face. I don’t need to. However, because of what’s going on RIGHT NOW, I felt like showing this proof was important, for the following reasons:
1. Both of these deals were short sales. Both of these deals came from a “secret source” that I’ll be sharing with others for the first time ever, LIVE, on stage (I NEVER speak on stages) next weekend at a short sale investor event. The event is being held by my friends Sam & Mike, who might just be the BIGGEST short sale investors here in San Diego (they closed 24 deals in the past 2 months). I live in the same city as Sam & Mike, so to “compete” with them I need to find deal sources that they don’t know about.
Like to learn this “secret” deal source? Come and spend the weekend with me, Sam, Mike & the nation’s #1 short sale attorney, Ron Ballard, in Los Angeles February 25th-27th. You can register for the event for only $17 by visiting this special webpage.
2. Both of these deals were flipped to cash buyers. I didn’t have to mess around with retail buyers, hoping they could get financing. I had no seasoning issues, and on the deal where the check is for $35,100, we didn’t even close on the property! That’s our assignment fee. But the key to the deal was having cash buyers (a different cash buyer on each deal) who could close! To get a FREE list of cash buyers in YOUR area, right now, head to this special webpage. It’s part of some really great videos some friends of mine are giving away. The bottom line is, you NEED cash buyers, and this website is the fastest, quickest, easiest & cheapest way to get them.
Some of you had problems accessing your list of cash buyers, so I even made the following quick instructional video for showing you EXACTLY how to get your list. The short 6 minute video is here:
That’s all for today. I hope that this blog post has inspired you to do 2 things:
1. Come out to LA for what promises to be the best short sale investing event of 2011 (February 25th-27th) and discover what this “secret strategy” is (and how I’m getting these juicy short sale deals) AND 2. Download your FREE list of cash buyers right now!
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!!
Over the past few days, since I have been telling everyone about Kenny Rushing’s “Free House Giveaway”, a number of my email subscribers have been asking me if Kenny is the “real deal” or if he’s just some guy and a bunch of hype.
Rather than tell you about what Kenny is doing, I figured I would give you an inside sneak peek into his Rush Capital Fund offices. Enjoy:
Don’t forget to check out Kenny’s new “24 Hour Short Sale” video as well!
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.
I know that I’ve been promising you all week that I’d have a new video sharing the biggest “Takeaways” from my marketing seminar this past weekend.
Well not only did I attend a marketing seminar, by my business colleague Miguel attending Ron Ballard’s short sale investing seminar this past weekend as well. For those of you who don’t know Ron, he’s California’s #1 short sale attorney.
We decided to divide and conquer, so I did the 3 day marketing seminar in San Diego, and Miguel drove up to Ron’s all day event this past Saturday in Newport Beach.
We recorded a very brief video where we each share our 2 biggest “Takeaways” from the weekend, and correlate them directly to real estate investing:
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!
A few people who are still on the fence might be interested to see EXACTLY what’s inside the Commercial Foreclosure Goldrush home study course & system. I finally got my copy, and I want to show you exactly what’s inside:
Don’t forget that if your order at www.REIMarketingTips.com/cfbonus you’ll qualify for my bonus package. You’ll get the following incredible bonuses:
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 http://www.TheForeclosureMarketingMachine.com.
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
Please note that to qualify for these bonuses, you MUST purchase the EILTE level of Karen & DC’s system. To get these bonuses now, simply head over to www.REIMarketingTips.com/cfbonus
After a very fun weekend up in Vancouver, I was catching up on some emails last night before I had to get up early to head to the airport this morning.
I think that the best advice I can give anyone is to take a deep breath. I have seen a number of “emergency webinars” scheduled for this week, and if you can attend them, by all means, do so.
I’m going to wait a few days and then let the dust settle. I actually spoke to Ron on the phone a few hours ago and he and I will be chatting later this week. We’ll do a summary for you so that you can get the key, salient points of the what is going on without committing to an entire webinar.
As for me, it’s business as usual. In fact, we have already picked up 2 new files this week, and we have 2 big meetings with other well known San Diego attorneys this week to discuss strategic partnerships.
As soon as I have more concrete information about what is going on, I’ll be sure to pass it along to you. For now, take a deep breath, relax, and go out and find some more deals.
Oh yes, and be sure to attend my Debt Settlement webinar on Wednesday evening, April 21st, at 6pm PST/9pm EST. You’ll be amazed at how you can quickly and easily build a new revenue stream from debt settlement, and it doesn’t involve buying a single property.