SD CRE Blog

San Diego Creative Real Estate Investors

Foreclosed Homes – Garages converted to a bedroom

YouTube Preview Image 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”

Share This Post

Title and Escrow issues when you buy a Foreclosed Home


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

Share This Post

Finding a Good Foreclosed House to REHAB

YouTube Preview ImageThis 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.

Share This Post

Use Video to Take Your Notes on Foreclosed Homes

YouTube Preview ImageWe 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.

Share This Post

REO INVESTOR SUMMIT

YouTube Preview ImageGreetings Fellow Real Estate Investor:

You are invited to participate in our upcoming REO Investor Summit. This two day event will include an all day REO tour on Saturday and a DEAL Analysis Class on Sunday.

Spend two days with Janice Bell and Rich Hake! This is your opportunity to spend 2 FULL days with two coaches for top REI gurus where you can ask questions, network with other investors and learn details that are pertinent to today’s changing marketplace. You will learn how we analyze deals, call REO brokers and make offers. OFFERS will be made on Sunday on houses from the Saturday tour.

Space is limited to 40 so register quickly!

Saturday, September 19th 9:00am – 5:00pm

Sunday, September 20th 10:00am – 5:00pm

Lunch and snacks provided on Sunday

REO Investor Summit: $699

DISCOUNTS FOR: COACHING STUDENTS, MEMBERS OF SDCIA OR NSDREI OR PREVIOUS TOUR PARTICIPANTS,YOU MAY PARTICIPATE BOTH DAYS FOR $350!!

TOUR PRICE: $99     ANALYSIS CLASS: $299

The tour will be in the San Diego area with the focus on evaluating properties for purchase with multiple exit strategies of wholesale, flip to retail, rental and long term hold. We will cover what is right and wrong with each house. Why we would or would not buy it and for what type of exit strategy. We often bring along another expert eg. contractor, inspector or appraiser on this portion of the tour.

The Analysis Class will cover selecting comps, choosing properties and exit strategies, running the numbers (cost analysis of each house) calling the listing agents, and making offers. We run you through the process as we would do in our offices. This is how we do it start to finish. Rich made a lot of money leading up to the last bubble in this very same geographic market. Join us for the class, then rinse and repeat!!

Please register by following the directions and the Paypal links at the bottom of this letter. Upon receipt of payment, instructions will be provided regarding where to meet.

This is your opportunity to spend 2 FULL days with two coaches for top REI gurus where you can ask questions, network with other investors and learn details that are pertinent to today’s changing marketplace. You will learn how we analyze deals, call REO brokers and make offers. OFFERS will be made on Sunday on houses from the Saturday tour.

Do you have the knowledge to buy the right investment property and the know-how to rehab all these foreclosures on the market? With the right know-how YOU can make TONS of money in the next few years.

Fortunately for you we are offering an REO tour and DEAL Analysis Class and you can learn from our experience how to chose the right house to wholesale or rehab.

When you attended a recent Real Estate club meeting you signed up for an REO tour offered by Energywise Properties, Inc. and Green Hill Mortgage LLC. I am Janice Bell, President of Energywise Properties, Inc. Rich Hake is owner of Green Hill Mortgage LLC and a private money lender. We have both completed many rehabs over the years and bought numerous houses from the bank in various markets. We should be in rehab for being addicted to rehabs!

First lets answer Your Questions:

WHAT, Another boot camp? No, we teach the laboratory they forgot to offer with your last boot camp. Remember in school the science, math or computer classes that had a lab or tutorial where you learned how to DO the stuff they taught in the lecture class. That is what we offer at Wise Wealth University, the hands-on lab classes where the class size is small and you can get your questions answered.

WHO Are you? My name is Janice Bell and I have gone to many of the same boot camps as you. Once I got home there was no one there to tell me what to do next or what to do when I hit a glitch in the boot camp theory. I just kept asking and reading and doing until I figured it out. I have fear just like you. I am stubborn and I keep pushing through it. As far as teaching, I was trained to teach genetics, biology and biotechnology and Rich was trained to teach chemistry, all at the University level. I LOVE to take a complex topic and make it clear. My passion is to explain it in a different way until you get it. Since I can do that with Human Genome questions, I can probably do that with real estate questions huh?

WHY Listen to you? Ever notice how everyone bashes Detroit? That is a tough place to do business. Well I learned to do rehabs by buying REO’s in Detroit and Lansing, MI as well as Utah. Rich learned by buying rehabs in Baltimore, upstate New York and Ohio. We have both owned properties in Southern California as well.

WHEN Is it? REO Tour will be Sat 9AM -5 PM. Lunch is on your own. Analysis Class will be Sunday 10AM – 5 PM in a classroom setting. Lunch as well as Drinks and Snacks will be provided on Sunday.

If you ever want to do a repeat you can go on the tour again for $25. That way if you saw one area of San Diego and want to see another area you can. There is always new material on each tour depending on the houses we see and the questions of those on the tour.

HOW MUCH Is it? The Deal Analysis Class is $299 and the REO Tour is $99. Both classes together are a bargain at $350 for 2 whole days. SDCIA and NSDREI Members, Coaching students and those who have attended our tour before can come to BOTH days for only $350. For the REO tour 1 day ONLY our coaching students receive a discount and pay $99. If you did not get enough of us jabbering about real estate the first time, you can repeat the tour for a whopping $25.

HOW Do I sign up?  HOW Do I sign up? Click on the links below to pay with PayPal. You will have a secure checkout. You do not need a Paypal account and can pay with any credit or debit card. Look for the small print in the lower left that says “Don’t have a PayPal account?” If you see SDBiocomputing on the paypal invoice, don’t worry, that is my consulting and education company. “Wise Wealth” will be on your Credit Card statement.

Tour and Analysis Class $350

Deal Analysis Class -Sunday Only- (You must have attended our tour before) $299

REO Tour $99 -Sat only

Repeat Tour: $25

If you have any questions, feel free to email us at Info@EnergywiseProperties.com.

With the right know-how WE WILL ALL make TONS of money in the next few years.

Share This Post

SEO Powered by Platinum SEO from Techblissonline