REI Marketing Tips

If you didn’t do anything nice for yourself this Christmas, I’ll urge you to buy yourself a nice present. Go ahead and buy yourself a copy of Preston Ely’s book on wholesaling. Don’t know who Preston is?

Well, I captured him on video in Florida. To watch the short movie, you can take a look here.

In my last post, I wrote about the Mortgage Forgiveness Act, and how it might impact your investing, and more specifically, your short sale business.

In today’s New York Times, there was a very thought provoking op-ed piece about what really does affect housing prices, and how the Act plays (or doesn’t play) a role in housing prices.

Great food for thought.

President Bush signed the Mortgage Forgiveness Act into law last week.

Prior to this act, banks and lenders, if negotiating a short sale, were allowed to tax homeowners on the amount of debt negotiated and send them a form 1099.  Ultimately, what this meant to the homeowner is that the forgiven debt was treated as income.  Here’s an example:

Fred and Mary Smith had a home with a loan balance of $300,000.  Harry Investor purchased it, after negotiating a successful short sale, for for $225,000.  The lender, in the past, could have sent a form 1099 to the Smiths, and the $75,000 of debt that “magically” disappeared would have been treated as taxable income.

With this new law in effect, that $75,000 will no longer be treated as income.  At least until the end of 2009.

So what does this mean for you, as the investor?

Well first things first, I would absolutely print out a copy of this new Mortgage Forgiveness Act and take it on any appointment with me where I was meeting with a homeowner who was entertaining the possibility of a short sale.

Next, I would focus on finding as many short sale deals as possible.

Remember, that if you need help with a front end to your business, you should seriously consider becoming an official SaveMeFromForeclosure.com local representative.

I can tell you that in the new year, we’ll soon have a short sale component to your business that will make your life as an investor so much easier!

If you’ve been thinking about joining our team, there is no better time than the present.  The next 24 months are going to be the best time ever for investing in preforeclosures and negotiating short sales!

Well, I’m off to the airport in a few hours to fly to LAX to spend Christmas with my Mum in Redondo Beach. Should be a nice relaxing week.

As for real estate, there’s a name out there that you might have heard. This guy has an ebook out there that the big time “GURUS” are freaking out about, because he’s giving away so much information for just $50!

I tracked him down in Naples, Florida, earlier this year, and got him to agree to interview. To my knowledge, it’s the first time he’s ever agreed to appear on camera.

The video is short (less than 3 minutes), but take a look:

It’s Christmas time, so I wanted to be able to give all of our readers and subscribers a gift. Something that is of value, that hopefully you can use, and that is, well, a gift!

I started thinking about what I could give away, that would be educational, and that everyone could benefit from. I thought back to what I had accomplished in my business recently, that I could share with everyone. For those of you who regularly read my blog, you know that just a few weeks ago, I sold a house in 5 days, in a snowstorm.

Now, I learned about this method from reading the following book:

Now, asking you to buy a book isn’t much of a gift, is it?

But, what I do have for you, is a 1 hour call packed full of content:

My friend Colin Andrews Egbert, of RealEstateInvestor.com, grilled me for an hour about exactly how I ran this auction. He asked me what I did, and more importantly, what I would do differently the next time, to ensure even greater success. This is an opportunity for you to hear about how I ran this auction, just by reading this book.

More importantly, you can learn from the mistakes that I made, so that if you want to you run your own auction in the near future, you too can do it, without making the same mistakes that I made. I’ve even set it up so that you can download the MP3 of the interview, so you can burn it to a CD or your ipod, and listen while you’re driving or at the gym.

So without further ado, here is the audio. Enjoy:

I got a chance to meet Charles Petty in New Orleans at the Virtual Investing Seminar. Charles is really doing some fantastic things in his investing. Take a listen to this short audio recording that we did just a few weeks ago.

The call is only 5 minutes long, but you might be surprised as to what he has to say.

This is an exclusive bit of audio that I recorded with Charles. Have a listen now:

Chris Chico’s webinar last night was really fantastic.  Cris showed how you can make money with just your cell phone and laptop, flipping properties in any market anywhere in the country.

Here is the replay info:

http://www.virtualwholesalingoffer.com/justin

Enjoy, this is unlike any other investing webinar you’ve heard or seen before.

I met Cris Chico for the first time at the Virtual Investing Seminar in New Orleans. It was at that event that the attendees voted Cris as the “Virtual Investor of the Year”.

Yes, your peers felt that Cris delivered the best, more informative presentation of the entire seminar!

Well, I cornered him in Naples, FL, and he agreed that he would also do a special webinar for the REI Marketing Tips community:

Here are the details for that webinar that will be held this THursday, December 13th at 9pm EST/6pm PST:

Short on time?
Register your spot for Thursday’s webinar RIGHT
NOW!

(We Only have 200 lines availble and this email
is going out to thousands!. So better not hold
off on registering)

https://www1.gotomeeting.com/register/162309031
===================================

What if you could pick hot markets anywhere in
the country and start wholesaling deals without
ever having to step inside of a plane or drive a
thousand miles.

Welcome to the new reality. A new group of real
estate investors are doing just that. They are
quietly going into hot markets and wholesaling
deals as if they were in their own backyard.

Just think…

–Not having to personally inspect a property

–Not having to personally meet with a buyer or
seller

–Not being held back by a market ravaged by the
housing bubble.

–Making money in multiple markets so that if one
markets drops you don’t have all of your eggs in
one basket

–Collect checks of 10, 20 or even 30 thousand
dollars with little or no risk whatsoever

Well, recently I had the opportunity to attend
the Virtual Real Estate Investing Seminar in New
Orleans.

First of all you missed a great event. But most
importantly you missed the opportunity to hear
Cris Chico talk about how he is finding and
flipping properties all over the country while
sitting at Starbucks .

In fact, his presentation was so good that we was
named the “Virtual Investor of the Year 2007″ …
he was that good.

Well I got Cris to agree to pull back the curtain
and reveal the exact system that he uses for
living the ultimate real estate lifestyle to my
subscribers.

On Thursday December 13th at 9pm Eastern we are
going to show you a system that you could easily
implement to make your 2008 the best year ever
regardless of the housing bubble.

Remember that even if you cannot be at the
webinar, you can still call in and listen (You’ll
get the dial in details as soon as you complete
your registration for the event. Here is that
link again:

https://www1.gotomeeting.com/register/162309031

Thanks

Justin Lee

P.S. We only have 200 slots for this webinar, so
make sure your register now and save your seat
(once we will up, you will be placed on standby)

https://www1.gotomeeting.com/register/162309031

I know that Cris Chico’s name has been getting out there a LOT, lately. And with good reason. Cris is doing some unbelievable things with Virtual Investing. I personally met Cris for the first time at the Virtual Investing Seminar in New Orleans. He will totally change the way you think about investing. I caught up with him in Naples, Florida, in October, and recorded this short, 4 minute interview.

Check it out:

Just when you thought it couldn’t get any worse, US home foreclosures have hit an all -time high, according to the Mortgage Bankers Association.

It’s so bad that President Bush has a plan on the table to freeze all ARM interest rates for 5 years to help homeowners. What this tells me is that there’s never been a better time to invest in PreForeclosures. If you need help in marketing, and you need help in making money when the homeowner says “I just want to keep my home”, and you don’t have a website, then you need to get set up with SaveMeFromForeclosure.com today, and become one of our local reps.

To learn more, you can click here.