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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Hi

As a special holiday gift I’m inviting you to my December
coaching that only my paid coaching students have access to.

It’s tomorrow night, Tuesday December 21st at 5pm PST/8pm EST,
and you can register for FREE right here:

https://www2.gotomeeting.com/register/662526794

I’m going to share with a new "secret strategy" of getting &
finding short sale deals that no one else ever has access to.

In fact this strategy has allowed me to:

- Get short sale approvals at 30% of ARV (no, that is NOT a typo)
- Compete with NO other buyers, real estate agents or investors
- Have the homeowner thanking me for helping them (instead
of viewing me as someone trying to get a cheap property
from them)

Register for December’s coaching call now:

https://www2.gotomeeting.com/register/662526794

I’ll even have a copy of the short sale approval letter, and
walk you through exactly how we flipped this property for a
$40,000+ profit (it needed repairs but we never did a thing
to the property!)

You might be wondering, "why the heck is he letting me
attend a paid coaching call for free?", and to be fair,
that’s a great question.

And there’s a few different answers:

1.  This information is POWERFUL and should be shared with
the ENTIRE REI MarketingTips community (it can make 2011 your
best year EVER!)
2.  I’m shamelessly trying to get you ADDICTED to my
Foreclosure Masters Coaching Club, which is simply the best
value for money (only $7.95 for a 30 day test drive) online
today for real estate investors who want to learn more…
3.  It’s going to be live, with no replay…so if you want
to join us, you’ll need to set aside some time tomorrow night.

You can join us at 5pm PST/8pm EST by registering here:

https://www2.gotomeeting.com/register/662526794

I hope you can join me.  It’s easily the best coaching call
of the year and I can’t wait to share this strategy with you.

I’ll "see" you on the webinar tomorrow night,

Justin Lee
REIMarketingTips.com

1685 H. St., #679

Blaine, WA 98230

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I just saw this on CNBC and thought it might interest you. It’s all about whether the United States actually needs the 30 year fixed mortgage.

It’s an interesting theory/debate. I’d love your comments on it below. Enjoy the video:

Visit msnbc.com for breaking news, world news, and news about the economy

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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….

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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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

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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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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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Quick! Have you registered for the Commercial Foreclosure & Short Sale Training Q&A Webinar tonight? You’re invited:

Don’t miss this webinar, register now by visiting www.REIMarketingTips.com/cfwebinar
Don’t forget that Karen Hanover & DC Fawcett are going to be answering your questions LIVE, on the call tonight. Nothing will be sold on this call, so do your best to attend it. There are 2 times you can choose from. Register now for this Commercial Foreclosure & Short Sale Training Webinar.

As a special bonus, I’m going to give away an Ipod Nano for anyone who attends the training tonight, and posts their big 3 “Aha” moments from attending the training.

To eligible for this prize, simply attend tonight’s 100% free Q&A training where nothing will be sold and list your 3 big “Aha” take aways from the training. Dreama and I will judge and then award the prize.

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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 was sent an email about a Freddie Mac update on their website that apparently has put a lot of people into a panic. Naturally, I did some more research online, and found that my good friend Ron Ballard had taken the time to eloquently summarize the many problems he found with the Freddie Mac website page.

Incidentally, as Ron notes in his blog post, the Freddie Mac update actually occurred on April 12th.

So why all of the panic all of sudden?

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.

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If you’re working on a deal with Indy Mac, or you’re curious about lender buyouts and the FDIC really work, watch the short video below:

Feel free to leave a comment, I’d love to know what you think.  For me, in a word, I’d describe it as “sickening” (especially knowing how Indy Mac has rejected certain short sale offers)

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