SD CRE Blog

Wise Wealth University DEAL FORUM Webinar Monday Feb 8 at 5 PM
Please join me on Monday and listen to my guest speaker Rhett Halsey spill the beans on HOW TO Drive sellers to you and Build your own list of buyers

Rhett is an expert at online marketing and web site optimization. He is a guest speaker at LA Area REIA clubs and community colleges on this topic. Rhett will be doing a full day training later in Feb, so join us Monday and learn how to optimize your online marketing, use keywords and video.

Real Estate Profits through Internet Marketing and Virtual Assistants

Join the event by clicking on the blue widget below. You will get the log in info and call in number for the audio portion of the webinar.

On our last foreclosed homes investing tour, we learned a ton about how to buy and rehab REO houses.  We had 2 contractors on the tour.  Their insights and cost analysis were invaluable to everyone on the REO tour.  I want to share with you some video footage of garages converted to bedrooms or recreation rooms.  Sometimes this is obvious and in other cases it is hard to see unless you have looked at many other homes.
To sign up for a tour email us at info@energywiseproperties.com
If you would like to be notified whenever we update the blog with more creative real estate tips, register for the blog on the left menu by clicking the word “Register”

Tonight I interviewed Fred Eckert, Chicago Title, on title and escrow issues facing real estate investors. Here is a sample video. If you would like more investing advice, email our office to set up some coaching. students@energywiseproperties.com
For more videos by Fred go to his web site at http://www.fredeckertgroup.com

This older home was an REO and sits on a corner in an older area of town near apartment buildings. As we take our students through it on an REO/Foreclosure tour everyone is holding their noses. The smell of cat urine is bad! It was on the REDC auction. The bank rejected the bidders final price ~$90,000 from the auction and either re-auctioned it or put it back on the market. So if the auction is not absolute, you may not get the house even if you are the highest bidder.
If you are looking for a house to rehab you will get a bigger discount by making offers on houses that are too bad, ugly, or smelly for the average person. That eliminates most other competitors from making offers.

We finished an REO tour of foreclosed homes a few weeks ago.  I wanted to share with you how I record info when I am screening foreclosed homes to buy.  I used to take about 10 pictures and take notes on an inspections checklist on a clipboard.  It took time and I was juggling the camera, clipboard and pen.  As well as putting stuff down on the kitchen counter (the only table top in empty houses).  It was hard to remember the floorplan and I know I missed some notes.  For the last 2 years I have used video to record everything I see and the audio to take my notes.  Back in the office, just review the video and then make offers.  KISS! Keep it simple stupid!  It is so easy.