REI Marketing Tips

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.

Just a quick reminder that I’m hosting a FREE training teleseminar tonight with a national Title, Closing & Escrow Expert to discuss the latest updates with what’s going on with short sale flips.  All of the details can be found right here, including dial-in and webcast information:

To listen live by phone you can dial 813-262-0467 and use conference ID 686172 or you can listen for free, online at http://www.attendthisevent.com/Classic/?eventid=10876476

This is a free training call, and NOTHING will be sold.  On this teleseminar tonight here’s just a few of the things that we’ll be covering:

1.    Are Option Contracts Dead?
-What’s the best paperwork for me?
(Option Contract Vs. Purchase Agreement)
-How to use Addendums that work (to get your files to be
seen as “legitimate” in the eyes of your lender
-Disclosure! (Why not having the proper disclosures in
place could land you in a very bad place…)

2.     Are Back-to-Back Closings A Thing of the Past?
-How to structure them for success (and what lenders won’t
even consider them)
-Secrets of Transactional funding requirements (how to
ensure that the funds show up, your deal closes, and you
get paid)
-The single biggest secret to becoming the “Owner of Record”
(Hint: if you mess this up, you won’t be able to sell the
property to your end buyer)
-The surprising truth about what other options are
developing (get the information to remain on the cutting
edge of doing short sale flips)

3.     30-Day Closing Restrictions Are Being Enforced!
-WARNING: We are starting to see a Return of Funds
-The shocking truth about what happens if you are subject
to a “Return of Funds”, and what it means to your deal)

4.     Understanding and Correctly Using Business Entities.
-The secrets to closing as an LLC that the other big-time
investors don’t want you to know
-The simple trick to keeping your entity valid and up to date
-The one thing you must never do when closing a deal
(hint: we’ll be explaining why you can’t use your DBA)

5.     FHA Waived the 90-Day Rule!
-How to understand what it means in short sale flips
-What we learned when we took a closer look at the waiver
(And What are the new restrictions, if any)
-The single biggest impact on the “C” Lenders
-The surprising truth about Predatory Practices (and whether
or not you should be concerned)
-How does the FHA define ‘Flipping’ (and whether or not they
consider it illegal)
-How to “get around” the 20% guideline in the waiver (it’s not
as difficult as you think)
-Understanding “The seller holds title to the property” (and
knowing how to get around this clause for your back-to-back
closings)

Excited?

You should be.  Remember, this training is ALL-CONTENT.
NOTHING IS FOR SALE (however you can feel free to send in
thank you emails when we’re done)

Remember, get the call details and ask your questions here:

http://www.attendthisevent.com/Classic/?eventid=10876476

Remember you can ask questions as well, in advanc, and during the call.

Great news for all short sale investors: FHA just announced that they are NO LONGER requiring 90 day seasoning for people to purchase properties.

So what does this mean for you?  Let’s break it down into the most simple terms.

Many people who were using the technique of using short sales for “back-to-back” closings had difficulty in finding “end buyers” who could be approved for financing, because FHA wouldn’t allow them to buy these homes.

In other words, investors were finding it increasinly difficult to find an “end buyer” for their “back-to-back” closings because that end buyer was NOT allowed to use FHA financing (per FHA guidelines).

Well come February 1st 2010 the FHA has decided to WAIVE that for a 1 year period.

You can read the entire waiver directly on HUD’s website right here.

Here are some hilights:

• 90 day seasoning rule waived for 1 year beginning February 1st 2010
• No pattern of previous flipping activity exists for the subject property (ie no multiple flips within the past 12 months)
• The property was marketed “openly and fairly” by MLS, auction, FSBO, etc
• If the increase in price is over 20% of the seller’s acquisition cost, a 2nd appraisal may be required
• All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction

More directly from the HUD website:

The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

Note the last sentence in the paragraph above: “This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.”

That tells me that HUD and other lending institutions are finally starting the see the value that short sale and preforeclosure investors are bringing when it comes to rebuilding America’s housing market.

This is GREAT news for you, because now your end buyers are allowed to use FHA financing!

To give you a better understanding of this, and the ever changing landscape of short sale investing and flipping, please join me for a free, content-packed, special training teleseminar this Wednesday evening, January 20th at 6pm PST/9pm EST.

On this call I will be join by one of the nation’s leading title company experts, who is currently closing deals in all 50 states!  My special guest and I are nto only going to be discussing this groundbreaking announcement from the FHA, but also discussing short sale flips, closings, HUD1’s, title companies and insurance, back-to-back closings, working with realtors, plus MUCH much more.

Please note that this content only teleseminar will be ALL audio.  It will NOT be a webinar.  Also please note that there is no registration.  You’ll be able to either dial-in OR listen via the Internet.  Also, you can ask questions about ANY do to with short sale investing.  There is a question box on the teleseminar page.

I am looking forward to having one of America’s leading short sale closing and title experts on the line with me this Wednesday evening, January 20th at 6pm PST/7pm MST/8pm CST/9pm EST.  Get your questions ready, and I’ll “see” you on the call!

As I’m sure you know by now, Dreama & are launching a very
different kind of coaching & mentoring program.

I’m sure you have questions about it, and I can’t wait to
answer them for you LIVE, tonight, Thursday June 18th
at 5pm PST/8pm EST:

http://www.ForeclosureInnerCircle.com

We’ll be reviewing how much access you get, how much 1-on-1
time, how we’ll hold your hands through deals, how you can
partner with us, where the deals are tracked, how long the
program lasts, plus a whole lot more.

Register for tonight’s teleseminar now:

http://www.ForeclosureInnerCircle.com

One big thing that everyone is already worried about is
the price. And I hear and understand that.

Don’t worry, this isn’t one of those ridiculous 5, 10 or
15 thousand dollar coaching programs, not even close.

As a special “Charter Member” you’re going to be amazed
at what we’ve put together for you.

Come and join us Thursday night, June 18th at:

5pm PST
6pm MST
7pm CST
8pm EST

All of the details will be provided, and we’ll be answering
your questions LIVE, so register right now and ask any
questions (yes, more than 1 is okay!) right now:

http://www.ForeclosureInnerCircle.com

I’ll “see” you on the call tonight.

Talk soon,

Justin

PS- I created another bonus PDF for you that you’ll get as
a special thanks for registering…it’s on the thank you
page after you register. Check it out now…

If you’re ready to take ACTION with your real estate
investing business, then you need to join me for a special
teleseminar this Thursday night, June 18th at:

5pm PST
6pm MST
7pm CST
8pm EST

http://www.ForeclosureInnerCircle.com

I’m going to share with you the details of our new
coaching & mentoring program.

Instead of spending your time “learning” we’re going to
get you to start “earning”.

In fact we’ll show you how you can partner with us on
deals, getting that special hand holding and attention
that you need & deserve.

http://www.ForeclosureInnerCircle.com

If things like personal 1-on-1 time, partnering on deals,
learning from us directly (not some other “hired” coach)
and tapping into our resources are important to you, then
join us this Thursday night, June 18th at 5pm PST/8pm EST:

http://www.ForeclosureInnerCircle.com

If you’re sick & tired of spending your hard earned
mon.ey on education products, and you’re not walking out
of your local title company with a big fat check in your
hand, then it really is quite simple:

A coach or a mentor is absolutely the FASTEST, quickest
way for you to get there.

Come & join us this on a live teleseminar this Thursday
night, June 18th at 5pm PST/8pm EST and you can get all of
your questions about coaching & mentoring program answered.

I think you’ll be SHOCKED (and pleasantly surprised) at
how cost effective & affordable we’ve decided to make this.

I’ll “see” you on the call this Thursday night.

Talk soon,

Justin

PS- I also created another very cool PDF for you that you
get just for registering for the call. Go and TAKE ACTION
and put the new PDF to use!

The replay from last night’s teleseminar is up! You can either just scroll down the blog, or click here to get access to the call AND a funding source that will fund your deals no matter WHAT the LTV is!

It’s also my wife & business partner Dreama’s birthday today! A great way to send her a birthday wish is to do so on Facebook and/or Twitter.

In fact, there’s a MAJOR Facebook event happening tonight at 9pm PST/midnight EST. You’ll be able to claim a Facebook “username”. In other words, my facebook profile, instead of some ugly URL, will be www.facebook.com/justinlee (hopefully, unless some other “Justin Lee” out there steals it).

Anyway, if you’re not already on Facebook or Twitter, now would be the perfect time to join, and claim your Facebook name, and hopefully you can get the same twitter handle.

Why Twitter?

Would you believe that it BLOWS AWAY www.CNN.com in terms of traffic and visits per day?

Don’t believe me? Check out this graph.

Anyway, we would love to stay more connected with you on Twitter and Facebook, so here’s how you “friend us up”

Justin on Twitter
Justin on Facebook

Dreama on Twitter
Dreama on Facebook

Remember, don’t forget to check out the replay of last night’s teleseminar. I’m also working on a new special report that builds off of the Google local training we did a week ago. This new report should be available next week.

In fact, next week we’ll be releasing details on a program of how you can personally get Dreama and I to help you, mentor you, coach you, and even do deals with you in your real estate investing business. We’ll release more details next week, so please be sure to keep your eyes on your email, and on this blog.

Have a great weekend everyone!

We held another “Action vs. Education” Teleseminar and you can listen to the replay here. On this call we gave everyone a simple plan of attack to never have any more funding problems with their deals.

Plus, I was put on the hot seat by Colin Andrews Egbert of RealEstateInvestor.com

In fact, Colin even wondered if I was a hypocrite!

Want to hear my answer?

Take a listen right here.