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How do you know how much to offer on properties?

Posted by justin_lee | Posted in Uncategorized | Posted on 28-04-2011

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Hey

When I got started in real estate investing, knowing
how much to offer was always a challenge for me.

And after mentoring students & investors for almost
10 years now, I still find that many investors struggle
with how much to offer on properties that they want
to invest in:

They don’t want to offer too much and lose money on
the deal…..OR
they offer too little and possibly lose the deal altogether.  

When you’re not sure what to offer, each one can
seem like a crap shoot.  

If you’ve had this struggle before, you’re definitely not alone.  

You can’t know how much to offer until you know how
much work the property needs and it’s tough to estimate
how much work a property needs without a good repair
estimate.  

That’s exactly why Greg Clement and his team created
the new Hammerpoint App that can be used from your  
mobile device or computer and he’s giving it away for
free today!

Learn more about the Hammerpoint Free App here
http://xk1.net/b_142142_137278

Hammerpoint is one of the most popular and widely
used tools in Greg’s software platform, so he stripped
it out of the software and created a standalone app that
you can use literally anywhere – even from your mobile
device or computer.  

Clickable Image

http://xk1.net/b_142142_137278

It’s totally Free.  

It’s incredible and it’s simple to use.  

Make sure you get your free download today because
they’ll be taking it off the market very soon.  This is an
app that will change your business.

Download the Hammerpoint App here now
http://xk1.net/b_142142_137278

Talk soon,

Justin

PS- This is a FREE app!  Grab it now before they
start charging for it

1685 H. St., #679

Blaine, WA 98230

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I want to buy the note but have no cash

Posted by justin_lee | Posted in Uncategorized | Posted on 15-03-2011

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I’ve gotten a bunch of emails from subscribers who love the idea of making money from buying these notes but they are afraid to get started because they don’t have the cash to buy the notes from individual sellers or the bank.

If the cash issue is a concern for you as well I want to tell you not to be worried about it.

On the training Wednesday we are going to show you how you can flip these notes that you find to other investors who do have the cash. You put yourself in the middle and set the amount of cash YOU want to make.

Sounds pretty simple right? Well it is and no one cares what your credit is or what you do for a living.

Let’s say you want cash and a percentage of the deal could you do it?

Absolutely.

There are so many ways to structure these deals its fantastic. You can even find other people who have money and will partner with you to buy the note. You can then just split the profits.

There are so many things you can do when you go after the paper and we are going to cover a lot of them on our training call this Wednesday and you get to attend for free.

There will be no sales on this training, just great content, but you have to REGISTER to attend this free training:

********************************
"Cashing In With Defaulted Paper"

Wednesday, March 16th, 2011

6pm PST/7pm MST/8pm CST/9pm EST
Register here:

http://xk1.net/b_138823_133415
********************************

Going after the paper attached to these properties is a secret way of getting great deals for just pennies. PLUS no one else is doing this.

So get on the call by clicking the link above.

To Multiple Income Streams,

Justin

P.S. Make sure you bring about 10 sheets of paper to take a lot of notes.

P.P.S. Here is the webinar registration link 1 more time:
http://xk1.net/b_138823_133415

 

1685 H. St., #679

Blaine, WA 98230

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The Two Most Recent Short Sales We’ve Flipped (Proof)

Posted by justin_lee | Posted in Case Study, Cash Buyers, content, foreclosure, r.e. investing, real estate investing, seasoning, Short Sale Flips, short sales, video | Posted on 17-02-2011

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:

How To Find Cash Buyers For Your Real Estate Investing Business

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!



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Posted by justin_lee | Posted in Uncategorized | Posted on 17-02-2011

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!



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Video- How To Get A FREE List Of Cash Buyers In Your Area

Posted by justin_lee | Posted in buyers, content, free tools, real estate investing, sell property fast, training, video | Posted on 16-02-2011

Some of the most common complaints (or fears, depending on how you look at it) I hear from new or “up and coming” investors are:

“I’m worried that I won’t be able to find a buyer for my property” or
“There are no cash buyers in my area” or
“No one is buying real estate right now.  I won’t be able to get rid of this property”

Nothing could be further from the truth!

Here’s a video showing you EXACTLY how to get a FREE list of cash buyers in your local area:

How To Find Cash Buyers For Your Real Estate Investing Business

Here’s the page you go to so you can create your own personal list of cash buyers: www.REIMarketingTips.com/cashbuyers

Once you pull this list you’ll know:

1.  WHO the cash buyers are in your area (they’ll want to buy YOUR deals, as well, if they’re priced right).
2.  If there are ENOUGH cash buyers in your area to make it worth your while to try and find deals there (you might need to try another area).
3.  WAY more than your competition, (who are posting bandit signs & talking to tire kickers who aren’t “really” cash buyers).

So, what are you waiting for?  The instructional video above shows you EXACTLY how to pull the list.

Here’s the webpage you’ll want to visit after you’ve watched the instructional video: www.REIMarketingTips.com/cashbuyers

Feel free to leave me a comment as to whether or not the video, or the free access to cash buyers was helpful.



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This Free Tool Gives You Instant List Of Cash Buyers In Your Area…

Posted by justin_lee | Posted in Uncategorized | Posted on 16-02-2011

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Hey

I got the ultimate hook up for your real estate investing
business:

A database of cash buyers, for you, for FREE:

http://xk1.net/b_136311_129119

Just go to the page, make sure you "register", and then
you will be emailed a username & password.

Once you get this, you can search for your cash buyers by
county.

I just did this for San Diego, and got over 8800 cash buyers
(searching from June 2010 through today).

That’s a TON of buyers!

Grab your list here:

http://xk1.net/b_136311_129119

I’m really not sure how the heck these guys swung getting
this info (and giving it to you for FREE no less), but I would
hurry up and grab my list before they take this page down:

http://xk1.net/b_136311_129119

You simply MUST get this information if you’re serious about
being a real estate investor.

Talk soon,

Justin

PS- DO NOT delay.  "I don’t have any cash buyers" is the #1
complaint I hear from investors trying to get started in the
business or take it to the next level.  Get this information NOW:
http://xk1.net/b_136311_129119

1685 H. St., #679

Blaine, WA 98230

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Letter From Virginia Attorney Further Validates Short Sale Flips

Posted by justin_lee | Posted in foreclosure, option agreement, preforeclosure, r.e. investing, real estate investing, Realtors, Short Sale Flips, short sales | Posted on 22-03-2010

I constantly get asked by students and members of our community what is the best way to “convince” realtors to work with them.  Some of the more common feedback I hear are things like:

“The realtor told me what I’m doing is illegal”

“I can’t list the property because I’m not on title”

“No realtors will work with me because the say you can’t do that in our city/county/state”

Well how about if I gave you a link to an article in Commonwealth Magazine, a publication that is “A journal for real estate professionals published by the Virginia Association of REALTORS®”

And what about if that article was written by Lem Marshall, VAR (Virginia Association of Realtors) Special Counsel and it basically says (and I’m paraphrasing here) “Who cares if an investor has an option contract, and who cares how much profit they make, and who cares if the end (C) buyer is taking title from someone they didn’t expect”?

Would an article written by an attorney endorsed by a state’s (Virginia’s) Association of Realtors help validate the way you want to structure your transactions?

I bet it would!  (By the way, if you invest in the state of Virginia you should absolutely be drooling right now…)

I want to personally thank my main negotiator Ed for sending me the link to this article.  I am sharing it here in a format where you can share it with your realtor prospects.  This is a GREAT thing to share with any agent who has a short sale listing that is still active, with no offers.  Just think, by using this tool you could have 5-10 new short sale deals in your pipeline by the end of the week!

To get access to the ENTIRE September/October 2009 edition of Commonwealth Magazine, “A journal for real estate professionals published by the Virginia Association of REALTORS®”, you can check it out here.  (The main article is on page 12 of the publication, which is page 14 of the PDF).

However, if you prefer a quick 2 page PDF document extracted from the magazine covering this very specific topic, you can download it here.

After you access and read this document, please post a comment below!  Let me know if this helped you gaining the confidence with realtors, and if you got any new deals under contract because of it.  We love hearing your success stories.

Oh, and one more thing…take a look at the blog post below, and make sure that you check out the video about guaranteed funding.  You’ll be glad that you did…



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The Better Business Bureau Can Help Your Lead Generation

Posted by justin_lee | Posted in Better Business Bureau, page 1 of Google, preforeclosure, r.e. investing, real estate investing, SaveMeFromForeclosure.Com, The Foreclosure Marketing Machine | Posted on 01-03-2010

Have you ever received a lead for your preforeclosure investing business from the Better Business Bureau?  We have!  In fact, we’ve experienced an uptick in leads from them recently, and a new lead as fresh as this morning led me to write a blog post about it.

Unfortunately for those of us in the foreclosure prevention industry, there’s been more than a few bad apples who have spoiled the bunch.  Foreclosure scams have made things difficult for many honest, legitimate investors who run their business with nothing but integrity.

One of the things that I suggest to new investors is to immediately get their business approved with the Better Business Bureau.  It does cost money ($515 last time I checked) and does take time to get approved (1 year for online accreditation) but it is WELL worth it.

If you’re a new investor but you can tell a homeowner that you have a “Perfect Track Record” with the Better Business Bureau that is just HUGE for your business!

Not set up with the Better Business Bureau yet?  No problem!  Did you realize that when you subscribe to The Foreclosure Marketing Machine you instantly become part of the SaveMeFromForeclosure.com “family” and can now tell homeowners that SaveMeFromForeclosure.com has a perfect track record with the Better Business Bureau and an “A” rating? It’s HUGE helping you close deals!

Want to INSTANTLY get a foreclosure prevention website, a perfect track record with the BBB, outsourced loan mod and short sale partners, use of a new professional video, “done for you” press releases, exclusive access to leads, new free reports, advertorials, door knocker scripts plus a whole lot more?  Check out www.TheForeclosureMarketingMachine.com right now and you’ll be amazed the program that we’ve put together for you!  In fact, not only will the BBB exposure help generate more leads for you, but you’ll get EXCLUSIVE access to all of the leads in your county, PLUS we’ll even give you 100 FREE leads every month of homeowners who are either 30, 60 or 90 days past due on their mortgages (your choice).

There has never been a better time to set up your business for success in 2010, and reserving your very own SaveMeFromForeclosure.com territory is one of them.  You can check out everything right now, including a very special “case study” video right now at www.TheForeclosureMarketingMachine.com.

No matter what, your business, especially in the world of preforeclosures, needs an independent 3rd party to verify its validity to prospective clients.  What are you doing to address this?  You can build it yourself (you should), or you can have it done instantly for you (you should do this as well).



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Do You Ning?

Posted by justin_lee | Posted in foreclosure, Marketing, Networking, preforeclosure, real estate investing, short sales, social networking, video | Posted on 14-02-2010

Ever heard of “Ning”. It’s social networking site.

The difference however? It can be VERY niche specific.

And that’s what I’ve done with it (or at least hope to do with it).

You see, I get asked ALL of the time, from investors, “Justin, where can I find an agent who is investor friendly? One who “gets” short sales, and back-to-back closings?”

Well, since we have a pretty decent sized community here at REIMarketingTips I’m guessing that I have a bunch of people who are both realtors AND investors, and who “get” the way we do short sales. I set up a Ning so that whether you’re an investor, or an agent, you can set up a profile, and hopefully find someone in your geographic area to work with.

I also figured that the Ning could be PARTICULARLY effective for those of you who get out of state deals, and need a local realtor to help you get a property re-listed and sold.

Anyway, if you’re an investor looking for more realtors to help you with your deals, or you’re an investor-friendly realtor looking to get more listings, head on over and create a profile, and may we all network and profit together.

If you’re a realtor, head over, create a profile (takes 3-4 minutes) and then let people know what areas you can pull comps for and set up listings for.

If you’re an investor, post what areas you’re investing in, and where you’re looking for realtors to help you with your listings.



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FHA Removes 90 Day Seasoning Rule For 1 Year

Posted by justin_lee | Posted in buyers, FHA buyers, foreclosure, preforeclosure, r.e. investing, real estate investing, seasoning, short sales, teleseminar, training | Posted on 16-01-2010

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!



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