SD CRE Blog

For today’s coaching call.

1. Go to my meeting room on dim dim to follow along on today’s call.

We will be finding sellers through agents, at the auctions, through internet research, newspaper ads, signs, announcements, networking, doorknocking, contractors, direct mail.

2. I have prepared a list of jobs virtual assistants can do for you. Click on the link and enter your email. You will get an email from me. Confirm your subscription and you will receive the list right away.

3. After you put your email in the form you will be redirected a website to hire virtual assistants. It may open in a new window Please sign up for an account now so you can follow along. It is FR.EE. There is also a link to the same website at the bottom of the list of jobs you will receive in your email.

4. We will post a job to find motivated sellers on the internet. Use the job listing at the bottom of the job list email you receive.

5. Free tool to download. I absolutely love the Online Lead Finder software!! Make it easy to find sellers or build a buyers list fast. Have your VA download and use it.
http://cli.gs/Gy7DDN

6. Sign up for Jeff’s upcoming Seven Figure Foreclosure Investing May 14-16 in LA

For today’s coaching call.

1. Go to my meeting room on dim dim to follow along on today’s call.

2. I have prepared a list of jobs virtual assistants can do for you. Click on the link and enter your email. You will get an email from me. Confirm your subscription and you will receive the list right away.

3. After you put your email in the form you will be redirected a website to hire virtual assistants. It may open in a new window Please sign up for an account now so you can follow along. It is FR.EE. There is also a link to the same website at the bottom of the list of jobs you will receive in your email.

4. We will post a job to find motivated sellers on the internet. Use the job listing at the bottom of the job list email you receive.

5. Free tool to download. I absolutely love the Online Lead Finder software!! It makes my day by making it easy to find sellers or build a buyers list fast. Have your VA download and use it.
http://cli.gs/Gy7DDN

Monday’s Deal Forum Call: Short Sale Secrets

with Gerald Lucas, Managing Director of Performance Property, LLC, a real estate investment company based in Jersey City, NJ.

Mr. Lucas shares his extensive experience as an investor, guest speaker, investing coach, and college lecturer. Mr. Lucas holds an undergraduate business degree in actuarial science from Howard University as well as an MBA from MIT’s Sloan School of Management. An artful negotiator, Gerald will join us for a series on Short Sales. Today he presented Session #1 and showed you how to:

*Find sellers
*Ask critical questions
*Deal analysis
*Document gathering & strategy
*Preparing the short sale application

BONUS to those on the call: Mr. Lucas gave out 2 articles he has written on Short Sales.

To get those articles please register for the blog in the left menu.  Then while you are logged in, you can access the Gallery from the main page of the blog on the left menu under Pages.  The docs are in a folder called Short Sale Secrets.  The documents are accessed by the links that say “no thumbnail” since they are documents and not pictures.

Find cash for your deals

I have used just about every method to fund my properties known to man: conventional loans, seller financing, 1031 exchanges, credit card checks, refinance one to buy another, partners, wholesaling, hard money, private money.  Each has its place in certain situations.  The one that will skyrocket your success as a real estate investor is Private Lending.  The reason for this is simple.  Private Lending can be used in any situation and any property and it is unlimited.  Let me take that back.  The availability of private money lending is limited ONLY by your efforts and the contacts you make. Why you may ask is private lending even MORE IMPORTANT NOW than when I started full time as an investor?

Hold on to your seats.  The answer is not a shock!
The Lending World Has Changed
Not only are the banks requiring 20% down, good credit scores and full documents, you are limited on the number of mortgages you can hold.  And the government is trying to regulate areas that were once the domains of real estate investors, like seller financing.  As if seller financing was the cause of the current financial crisis and not Option ARM, No income, no doc loans.
Private lending seems unusual to new real estate investors, but if you are a small business owner that is how capital is raised to start or expand your business.  You see, individuals who know and trust you will take a chance on your business when a bank will not.  So start ups will use private lending to start up a business and not go through the requirements and restrictions of the bank.  It almost seems like the bank wants to know the size of your underwear, you feel that exposed when you send in the paperwork for a bank loan.

How can you get started finding private lenders for your deals?

Alan Cowgill has an awesome course called Private Money Made Easy.  I highly recommend this course.  Jam packed with everything you need to get started.

I offer a FRee ebook called Where to Find Ca$h for your Deals which explains how to develop your contacts and talk with private lenders.

With the ebook, I provide a spreadsheet using a typical single family residence purchase to explain private lending to your potential lenders.

I also have a letter for you to send to the bank with the bank statements of your private lenders when you make purchase offers on bank properties (REO’s).

Register for this blog to get the ebook and other documents.  Documents are in the Gallery.  Log in, then click on the Gallery.  Ebook, spreadsheet and letter are in a folder called Documents for Private Lending.

To really understand private lending and receive awesome training on the SEC Rules you must attend Alan Cowgill’s Where to Get the Money Bootcamp.  Next boot camp is April 21-24 in Dallas.  His SEC Attorney, Ralph is there and you will learn tons from him.  He shares info on breaks that you would pay $250 per hour for if you hired him yourself.  I highly recommend you click here to register for Alan’s Bootcamp.

These days everyone is looking for a good cheap deal when they buy a home. Investors are definitely taking advantage of the foreclosure market and buying fixer upper homes. Many first time home buyers are also buying fixer upper properties and putting in their own “sweat equity.” They are hoping to cause the value of the home to be higher than the value of the money they put in with cash and/or borrowing power. Many things can be hidden from view when you buy a fixer upper. Fixing these items may cost more than you bargained for. Your best strategy to buy a fixer upper home is to consult with experienced investors and rehabbers like us at EnergyWise Properties. If you buy a fixer upper from an experienced wholesaler, often you can find out what needs to be fixed before you buy. Wholesalers find the best fixer upper properties for the rehabber/buyer to make money. At EnergyWise Properties we have detailed investor education, training and coaching to make your next fixer upper investment profitable.  Contact our office for info on our investor training or go to our web site to buy a fixer from us.   EnergyWiseHomeSellers.com