Monitium Wealth Creation System
http://ping.fm/XYQ9E
Monday, March 5, 2012
Thursday, September 3, 2009
Wholesale property | Fixer Upper Property Deal in Pompano Below $50K
1931 Ne 1st Terrace
Pompano Beach, FL 33060
3 Bedroom
2 Bathroom
CBS
1201 Under Air
Desirable Kendal Green community. Needs updating. Recent sale in July 2009 at $106k. Rents between $1000 to $1200.
$48, 500 Cash Or Hardmoney only
Call Julian 954-658-3242
Watch Video Below:
Tuesday, August 25, 2009
How to Get Free One Way Backlinks Virally
One way backlinks is one of the best and most effective ways to get high positions in search engines and milk these positions for targeted traffic. But getting quality one way links is a big job.
Free Traffic System is a new project that helps you to get top quality one way links for free - unlimited number of one way links, because you build as many as you need. Moreover, Free Traffic System has integrated a brand new concept of viral marketing, rewarding its members with bonus one way links.
Before getting to the viral part of the project, it is important to explain where exactly you are getting these backlinks. The backlinks are built inside real blog posts, not in the footer or blogroll - in the very body of the real, unique blog post. This is the most safe way to build one way links, because you give real unique content to the visitors in the blog posts and search engines will always welcome it - search engines were created to help people in finding quality information in the Internet.
You get backlinks from relevant sites that belong to real people in different niches. Natural, safe and smart way to build backlinks for free. You submit one article to Free Traffic System and it converts into up to 60 top quality one way backlinks! And - unlike traditional article marketing - no one will delete your backlinks from the article, like they do when stealing your content from article directories.
The viral part of Free Traffic System is simple - they reward people for bringing others into this free project. You are receiving a BONUS backlink on every 3rd post that people whom you referred to Free Traffic System are making. This means you get bonus backlink on article No 1, 4, 7, 10, 13, 16, etc. of all people who got into the system via the affiliate link.
As every article can be republished on up to 30 sites in Free Traffic System, this means that one article with your bonus link equals to 30 backlinks from Free Traffic System. 2 articles = 60 bonus backlinks, 3 articles = 90 bonus backlinks. And this is in addition to the unlimited backlinks that you can build inside Free Traffic System yourself.
And the final perk of the viral strategy. If you add at least one WordPress blog to Free Traffic System, they instantly increase the number of bonus backlinks by 7%.
So, in Free Traffic System you get:
- free backlinks that you build yourself
- viral bonus backlinks for affiliating people into the project
- viral bonus backlinks for adding your blog(s) to Free Traffic System
With this free backlink building power targeted traffic from search engines becomes just a matter of time.
Free Traffic System is a new project that helps you to get top quality one way links for free - unlimited number of one way links, because you build as many as you need. Moreover, Free Traffic System has integrated a brand new concept of viral marketing, rewarding its members with bonus one way links.
Before getting to the viral part of the project, it is important to explain where exactly you are getting these backlinks. The backlinks are built inside real blog posts, not in the footer or blogroll - in the very body of the real, unique blog post. This is the most safe way to build one way links, because you give real unique content to the visitors in the blog posts and search engines will always welcome it - search engines were created to help people in finding quality information in the Internet.
You get backlinks from relevant sites that belong to real people in different niches. Natural, safe and smart way to build backlinks for free. You submit one article to Free Traffic System and it converts into up to 60 top quality one way backlinks! And - unlike traditional article marketing - no one will delete your backlinks from the article, like they do when stealing your content from article directories.
The viral part of Free Traffic System is simple - they reward people for bringing others into this free project. You are receiving a BONUS backlink on every 3rd post that people whom you referred to Free Traffic System are making. This means you get bonus backlink on article No 1, 4, 7, 10, 13, 16, etc. of all people who got into the system via the affiliate link.
As every article can be republished on up to 30 sites in Free Traffic System, this means that one article with your bonus link equals to 30 backlinks from Free Traffic System. 2 articles = 60 bonus backlinks, 3 articles = 90 bonus backlinks. And this is in addition to the unlimited backlinks that you can build inside Free Traffic System yourself.
And the final perk of the viral strategy. If you add at least one WordPress blog to Free Traffic System, they instantly increase the number of bonus backlinks by 7%.
So, in Free Traffic System you get:
- free backlinks that you build yourself
- viral bonus backlinks for affiliating people into the project
- viral bonus backlinks for adding your blog(s) to Free Traffic System
With this free backlink building power targeted traffic from search engines becomes just a matter of time.
Wednesday, August 5, 2009
How You Can Build Wealth Through Short Sale House Deals
When a home owner runs into financial difficulty, there is the possibility of reaching an agreement with their bank to put the property on the market as a short sale house. The sale of a property by an owner in financial hardship before the property reaches the point of complete foreclosure is known as a short sale. In the case of short sales, home owners will see less adverse impact on their credit rating than they would if the bank proceeded with a full foreclose on the short sale house.
As a general rule, when there is a house on the market, the current home owner needs to repay the bank more than the present market value of the property. As a consequence of this situation, the bank will usually sell the home at a significant discount following an agreement on the house. It is necessary for the bank to sell the home at a discounted price, to recoup the outstanding mortgage and the short sales home costs. This means there is a deficiency between what the owner’s outstanding mortgage and the sale price. Ultimately, the short sale house option remains a better choice than foreclosure for distressed owners.
As the current economic crisis has escalated, the number of home owners choosing short sale over foreclosure has increased. If you are involved in real estate investment, the increase in short sale homes is an opportunity for investors. Structuring deals that bring together sellers and buyers of short sale homes can be very profitable. Someone with experience of these short sales home deals can transform this distressing situation by securing a buyer for the homeowner and creating a profitable deal on the property.
During 2008 there were 2.33 million property foreclosures. This saw some 860,000 families lose their homes. If the possibility of foreclosure is looming, then the short sale house agreement can help these desperate owners. This is a solution that people are turning to in droves – creating opportunity for those real estate investors that know how to structure profitable deals that benefit all parties. There is no doubt that those facing foreclosure have some tough financial decisions to make. The home agreement provides sellers with the best possible outcome in light of the difficult situation they are faced with before a property goes into foreclosure.
Short sale houses are usually sold at a discounted rate. While banks are usually able to forgive the remaining mortgage debt, this is not always the case. When you understand how to put together a short sale correctly, you can create and fund short sales home deals with transactional funding. In this way you could be providing financially struggling families with a better solution and alternatives when the threat of foreclosure is looming. Your deal could dramatically improve the future financial outlook of a distressed home owner and their family.
As a general rule, when there is a house on the market, the current home owner needs to repay the bank more than the present market value of the property. As a consequence of this situation, the bank will usually sell the home at a significant discount following an agreement on the house. It is necessary for the bank to sell the home at a discounted price, to recoup the outstanding mortgage and the short sales home costs. This means there is a deficiency between what the owner’s outstanding mortgage and the sale price. Ultimately, the short sale house option remains a better choice than foreclosure for distressed owners.
As the current economic crisis has escalated, the number of home owners choosing short sale over foreclosure has increased. If you are involved in real estate investment, the increase in short sale homes is an opportunity for investors. Structuring deals that bring together sellers and buyers of short sale homes can be very profitable. Someone with experience of these short sales home deals can transform this distressing situation by securing a buyer for the homeowner and creating a profitable deal on the property.
During 2008 there were 2.33 million property foreclosures. This saw some 860,000 families lose their homes. If the possibility of foreclosure is looming, then the short sale house agreement can help these desperate owners. This is a solution that people are turning to in droves – creating opportunity for those real estate investors that know how to structure profitable deals that benefit all parties. There is no doubt that those facing foreclosure have some tough financial decisions to make. The home agreement provides sellers with the best possible outcome in light of the difficult situation they are faced with before a property goes into foreclosure.
Short sale houses are usually sold at a discounted rate. While banks are usually able to forgive the remaining mortgage debt, this is not always the case. When you understand how to put together a short sale correctly, you can create and fund short sales home deals with transactional funding. In this way you could be providing financially struggling families with a better solution and alternatives when the threat of foreclosure is looming. Your deal could dramatically improve the future financial outlook of a distressed home owner and their family.
Tuesday, May 26, 2009
How to Use Transactional Funding & Proof of Funds Letters in Real Estate Investment
If you are interested in purchasing Real Estate Owned (REO) or short sale properties, then you need to understand the basics of transactional funding and proof of funds letters and how they relate to your real estate interests and activities. Essentially, the transactional funding refers to the funds borrowed for a very short period to transfer a property from the current owner, to the transaction coordinator, then to the new owner. Proof of funds letters are used to help secure financing and smooth the way for the real estate transactions you are involved in.
Transactional Funding
The use of transactional funding allows the short sale process to take place smoothly. The basic premise for the loan is that once the original owner is ready to sell and the buyer is ready to take over the property (usually with a standard mortgage), there is a short term loan needed to faciliatate the transfer period. This means that the transactional funding is a loan that exists for just a few hours, before being recovered when the final property owner pays for the property.
The two separate transactions that place on the day of settlement create a unique situation known as a double closing. Lenders like these loans as the lending period is typically just several hours. If the transactional funding lender ensures that all the other financing for the transfer of the property is in place, this makes this short term loan delivers a relatively low risk opportunity for a profitable outcome from the provision of the short term loan.
Transactional funding works not only for the short sale scenario described above. A savvy investor can structure the use of a short term loan to easily carry out purchases of real estate owned (REO) properties, or any other real estate transaction that is based around a double closing.
Proof of Funds Letters
When purchasing property, the buyer must provide some form of evidence that they have the funds to cover the property acquisition - this is where a proof of funds letter becomes useful. This document that the investor can use to indicate to the parties involved in a real estate transaction that you have pre-qualified to purchase the real estate.
The proof of funds letters are used to demonstrate that investors have the financial resources or means to fund a property transaction. They indicate to the other parties that your funds are legitimate and can be used for the purchase of the property. This type of document is particularly useful if you are involved in short sale transactions and REO purchases that are structured with a double closing or when using transactional funding. They can also be used for other transactions that require documented evidence of your financial resources.
The proof of funds letter is generally provided as a bank, security or custody statement, stating that the investor or property buyer has funds for the real estate purchase that are obtainable and legitimate. Using this letter, the buyer/investor is able to secure any necessary additional funding or to assure the seller that they have the means to fund the real estate purchase.
To achieve success in real estate investment, it pays to fully understand the different options available to you and how to use them to maximum advantage. Transactional funding and the use of proof of funds letters are two added 'tools' in your investment toolkit. Once you understand how these financial opportunities can be used to the best advantage, you'll be on track to achieving financial security through real estate investment.
Transactional Funding
The use of transactional funding allows the short sale process to take place smoothly. The basic premise for the loan is that once the original owner is ready to sell and the buyer is ready to take over the property (usually with a standard mortgage), there is a short term loan needed to faciliatate the transfer period. This means that the transactional funding is a loan that exists for just a few hours, before being recovered when the final property owner pays for the property.
The two separate transactions that place on the day of settlement create a unique situation known as a double closing. Lenders like these loans as the lending period is typically just several hours. If the transactional funding lender ensures that all the other financing for the transfer of the property is in place, this makes this short term loan delivers a relatively low risk opportunity for a profitable outcome from the provision of the short term loan.
Transactional funding works not only for the short sale scenario described above. A savvy investor can structure the use of a short term loan to easily carry out purchases of real estate owned (REO) properties, or any other real estate transaction that is based around a double closing.
Proof of Funds Letters
When purchasing property, the buyer must provide some form of evidence that they have the funds to cover the property acquisition - this is where a proof of funds letter becomes useful. This document that the investor can use to indicate to the parties involved in a real estate transaction that you have pre-qualified to purchase the real estate.
The proof of funds letters are used to demonstrate that investors have the financial resources or means to fund a property transaction. They indicate to the other parties that your funds are legitimate and can be used for the purchase of the property. This type of document is particularly useful if you are involved in short sale transactions and REO purchases that are structured with a double closing or when using transactional funding. They can also be used for other transactions that require documented evidence of your financial resources.
The proof of funds letter is generally provided as a bank, security or custody statement, stating that the investor or property buyer has funds for the real estate purchase that are obtainable and legitimate. Using this letter, the buyer/investor is able to secure any necessary additional funding or to assure the seller that they have the means to fund the real estate purchase.
To achieve success in real estate investment, it pays to fully understand the different options available to you and how to use them to maximum advantage. Transactional funding and the use of proof of funds letters are two added 'tools' in your investment toolkit. Once you understand how these financial opportunities can be used to the best advantage, you'll be on track to achieving financial security through real estate investment.
Saturday, May 23, 2009
How To Build a Buyers List
Here are some tips and resources that I use to build my buyers list.
Social networking sites:
Create profiles on these sites and network with other investors, join investor groups and include links to your web page.
Facebook
Twitter
myspace
Classified ad sites:
Post ads on these sites for investor specials, handyman specials, etc. You don't need to have a property currently under contract to do this. Include links to your webpage to join your buyers list.
Craigslist
Backpage
Kijiji
Blog Sites:
Create a free blog using one of these free services and write about what's going on in your market and the great deals available. Include links to join your buyers list.
Wordpress
Blogger
.
Local REI Club:
Go to the rei club meetings and network with other investors and collect and give out your business cards. You can then add these investors to your buyers list
Essential tool: Opt-in Form & Autoresponder
If you have a website or you're using a free blog service you need to have an opt-in form and autoresponder in place to be able to collect your buyers contact information and email them once you have a property under contract. The most simple service to use is aweber. You can use aweber to create a form and simply copy and paste that code in your website or blog to collect you buyer's information. You don't need any technical skills to do this as it's extremely simple. Aweber will provide you with video tutorials that will walk you through step by step. You can also use aweber to stay in contact with your buyers so that they will know immediatly that you have a property under contract to sell to them.
Social networking sites:
Create profiles on these sites and network with other investors, join investor groups and include links to your web page.
myspace
Classified ad sites:
Post ads on these sites for investor specials, handyman specials, etc. You don't need to have a property currently under contract to do this. Include links to your webpage to join your buyers list.
Craigslist
Backpage
Kijiji
Blog Sites:
Create a free blog using one of these free services and write about what's going on in your market and the great deals available. Include links to join your buyers list.
Wordpress
Blogger
.
Local REI Club:
Go to the rei club meetings and network with other investors and collect and give out your business cards. You can then add these investors to your buyers list
Essential tool: Opt-in Form & Autoresponder
If you have a website or you're using a free blog service you need to have an opt-in form and autoresponder in place to be able to collect your buyers contact information and email them once you have a property under contract. The most simple service to use is aweber. You can use aweber to create a form and simply copy and paste that code in your website or blog to collect you buyer's information. You don't need any technical skills to do this as it's extremely simple. Aweber will provide you with video tutorials that will walk you through step by step. You can also use aweber to stay in contact with your buyers so that they will know immediatly that you have a property under contract to sell to them.
Monday, May 4, 2009
Transactional Funding JV Oppurtunity For Reo and Short Sales
Do you have a real estate deal lined up but you are unable to access the cash to get the deal closed? Maybe you don't want to pay the high fees associated with getting a hard money loan to flip your reo and short sale transactions. What if you can get transactional funds and proof of funds letter. How many deals do you think you can do then? Would an extra two deals a month help? Maybe you need to do five or more deals? Who knows, but times are tough and if you got burned with foreclosures in the real estate meltdown there is a way to benefit in these tough times. I want to extend to you an opportunity to make money in these tough times.
Let me help you to help yourself. I am a real estate investor that's been enjoying the benefits of using private money to flip properties and want you to enjoy the same benefits. Jv with me to close your deal or deals using private money for 30 percent of the profits. If you want to take advantage of this opportunity contact me and I will send you a JV agreement so we can get started.
To your success in 2009.
Let me help you to help yourself. I am a real estate investor that's been enjoying the benefits of using private money to flip properties and want you to enjoy the same benefits. Jv with me to close your deal or deals using private money for 30 percent of the profits. If you want to take advantage of this opportunity contact me and I will send you a JV agreement so we can get started.
To your success in 2009.
Monday, January 19, 2009
How to Locate Private Money to Flip Short Sales
In different areas of the country, real estate investors are having difficulty getting financing for their deals. Some hard money lenders have gone out of business and the funds that were easily available are no longer around. As a matter of fact the hard money lenders who actually still have cash available now require a down payment to use their private money. You have to put up more of your money plus credit and still have to pay up to fourteen percent plus other holding costs to flip properties. This process has stopped a lot of investors from doing deals.
There’s a great strategy out there that some investors have adopted because of the shortage of private money. They have found companies on the web that allow them to use private money to do double closings. The strategy I’m referring to is using private money to flip short sales and bank reo properties. Even though the market is suffering there are still “A” credit buyers out there that are looking for deals. They are intelligent to know that it’s a buyers market and so they are picking up properties with equity that’s twenty percent or more below market value.
By using private money you can pick up these properties cheaper than the average buyer because you’re using cash. So even though your end buyer with conventional financing may be able to pick up an property that’s twenty percent below the market you can come in and get it for about 40, 50 and in some areas 60 percent below market value as a cash buyer. You can then flip that property to your end buyer in a double closing transaction allowing you to make 10 to 50% profit spreads with Short Sales and REO’s. The double close is structured as an “A” to “B” then “C” to “D” transaction. The bank is the “A” seller; you the investor are the “B” buyer. This covers your transaction buying the property from the bank. The “C” to “D” process now makes you the investor “C” seller and your end buyer purchasing the property from you becomes “D”. This deal is structured so that if your end buyers financing doesn’t come through you are not stuck with the property. This protects you and the private money lender.
When you search the internet look for companies that provide private money with no up front costs. Most of these companies are charging up to four percent before they fund you the private money for deals. This can become very costly and eat into your profits. Things to look for are companies that allow you to use their private money and charge you about one percent plus a usual $300 admin fee with closing costs that is taken out of your profits at closing. This will allow you to work multiple deals at once.
Once you’ve found your private money funding source you can now start making deals to flip short sales. Here is an example of how a short sale flip with private money using the double closing strategy will work:
$100,000 Retail Value of Property
$50,000 Bank Accepts Your Short Sale Offer
$80,000 You Resale to End Buyer at this Price
$30,000 Your Profit at Closing
$1500 Your Cost of Funds (2% Plus $500)
There’s a great strategy out there that some investors have adopted because of the shortage of private money. They have found companies on the web that allow them to use private money to do double closings. The strategy I’m referring to is using private money to flip short sales and bank reo properties. Even though the market is suffering there are still “A” credit buyers out there that are looking for deals. They are intelligent to know that it’s a buyers market and so they are picking up properties with equity that’s twenty percent or more below market value.
By using private money you can pick up these properties cheaper than the average buyer because you’re using cash. So even though your end buyer with conventional financing may be able to pick up an property that’s twenty percent below the market you can come in and get it for about 40, 50 and in some areas 60 percent below market value as a cash buyer. You can then flip that property to your end buyer in a double closing transaction allowing you to make 10 to 50% profit spreads with Short Sales and REO’s. The double close is structured as an “A” to “B” then “C” to “D” transaction. The bank is the “A” seller; you the investor are the “B” buyer. This covers your transaction buying the property from the bank. The “C” to “D” process now makes you the investor “C” seller and your end buyer purchasing the property from you becomes “D”. This deal is structured so that if your end buyers financing doesn’t come through you are not stuck with the property. This protects you and the private money lender.
When you search the internet look for companies that provide private money with no up front costs. Most of these companies are charging up to four percent before they fund you the private money for deals. This can become very costly and eat into your profits. Things to look for are companies that allow you to use their private money and charge you about one percent plus a usual $300 admin fee with closing costs that is taken out of your profits at closing. This will allow you to work multiple deals at once.
Once you’ve found your private money funding source you can now start making deals to flip short sales. Here is an example of how a short sale flip with private money using the double closing strategy will work:
$100,000 Retail Value of Property
$50,000 Bank Accepts Your Short Sale Offer
$80,000 You Resale to End Buyer at this Price
$30,000 Your Profit at Closing
$1500 Your Cost of Funds (2% Plus $500)
Friday, January 16, 2009
Insider Source For Private Money to Flip Short Sales
The Real Estate market has changed dramatically. Real Estate Investors that are making money have found a source of Private funds to flip their deals. If you're having problems getting hard money loans or you have to put a down payment to get a hard money loan then I have the answer for your problem. With our HSA program as a platinum member you have unlimited access to our private money to flip short sales and bank owned properties. This is the only source of private money that you don't have to pay any upfront fees or high points to use the private money. Once you become a platinum member and use our private money you will be charged 1% plus a $300 admin fee from your profits. Closing costs are generally about $2k using our recommended title company that's familiar with doing double closing. Here's and example of how you will use the private money to flip a short sale property to an end buyer.
$100,000 Retail Value
$50,000 Bank Accepts Your Short Sale Offer
$80,000 You Resale to End Buyer
$30,000 Your Profit at Closing
$1500 Your Cost of Funds (2% Plus $500)
Register for free by clicking here.
$100,000 Retail Value
$50,000 Bank Accepts Your Short Sale Offer
$80,000 You Resale to End Buyer
$30,000 Your Profit at Closing
$1500 Your Cost of Funds (2% Plus $500)
Register for free by clicking here.
Wednesday, December 17, 2008
Buy Real Estate Short Sale with Private Money
Do you realize that with this money available to you; you will have a proof of funds to structure the deal allowing the bank to accept the offer? If you already have an approved buyer for one of their mortgages, you will make nothing but profit with very few headaches!!!!
- NO CREDIT CHECKS
- NONE OF YOUR OWN MONEY
- BUY FORECLOSURE PROPERTIES
- CLOSE REAL ESTATE SHORT SALE
AS GOOD AS THIS IT GETS BETTER BRING YOUR END BUYER IN FOR PRIVATE MONEY MORTGAGES.
("A","B",& "C" PAPER & CREDIT)
Sell Properties FAST!!!
LIVE WEBCAST TUESDAY AND WEDNESDAY NIGHTS AT 8PM EST ONLY @
PRIVATEFUNDSFORDEALS.COM
- NO CREDIT CHECKS
- NONE OF YOUR OWN MONEY
- BUY FORECLOSURE PROPERTIES
- CLOSE REAL ESTATE SHORT SALE
AS GOOD AS THIS IT GETS BETTER BRING YOUR END BUYER IN FOR PRIVATE MONEY MORTGAGES.
("A","B",& "C" PAPER & CREDIT)
Sell Properties FAST!!!
LIVE WEBCAST TUESDAY AND WEDNESDAY NIGHTS AT 8PM EST ONLY @
PRIVATEFUNDSFORDEALS.COM
Thursday, December 11, 2008
How to Get Private Money To Purchase Short Sales and Foreclosures
There's a great program that I found that allows you to purchase short sale and foreclosures without using any of your credit and cash. This gives you great leverage to be able to get a short sale or foreclosure properties for deep discounts and creating equity out of thin air. I have spoken to a few fellow investors that have been using this strategy and have been collecting huge checks.
This program will provide free training on how to find and contract with a pre-qualified buyer as well as providing you the Proof of Funds and the Cash to buy the short sale from the Bank.
Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing. Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000. You keep $50,000 minus 1% (1,000+$300 flat fee). You pay for the use of the money from your profits at closing, meaning no cash out of your pocket to use the funds. Fill out my form below the about me section and I'll get you the information on this program.
This program will provide free training on how to find and contract with a pre-qualified buyer as well as providing you the Proof of Funds and the Cash to buy the short sale from the Bank.
Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing. Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000. You keep $50,000 minus 1% (1,000+$300 flat fee). You pay for the use of the money from your profits at closing, meaning no cash out of your pocket to use the funds. Fill out my form below the about me section and I'll get you the information on this program.
Sunday, October 12, 2008
How to Find the Best MarketTo Wholesale Houses
Here's a video that I have on youtube that shows you how to find the best market to wholesale houses. I have a couple more good sources that I will post to my blog once I have those video up.
Saturday, October 11, 2008
How to Wholesale Homes for Quick Cash
Wholesaling real estate properties is one of the most risk free real estate investing strategies. Wholesaling is simply finding a motivated seller of a property, negotiating the price of that property then placing the property under contract. You will then find a rehabber/investor and sell the contract on the property for quick cash. Here’s an example.
• Seller accepts $100K for property
• The property is worth $200K
• You sell the property for $110K
• You will make a profit of $10K
The key to wholesaling properties is marketing. You want your phone to be ringing with motivated sellers wanting you to purchase their home. The bottom line is the more motivated sellers you speak to, the more deals you make. So let me give you some basics on what you’ll need to get started.
• Toll free number
• Bandit signs
• Access to comps
• Assignment Contract
• Business cards/flyers
• Title company that does double closing
First, you can search google to locate a company offering toll free numbers for a reasonable price and you want to record a greeting detailing how you can help someone sell their properties. Second, place at least 25 bandit signs in specific areas in town where the homes are older. Older properties have more equity. Be sure to put your toll free number (not your local number) on your signs. Place the signs in high traffic areas. Be sure to put the bandit signs after 5PM on Fridays; this ensures them not being removed before Monday by the city’s code enforcement.
Third, work with a realtor on obtaining comps to wholesale homes. You also want to distribute your business cards and flyers. A great place to network is your local REI Club where you will be introduced to other investors, realtors and title companies in your community. Implementing this step will allow you to find buyers to purchase your properties. I can assure you that if you execute these simple steps you’ll discover how easy it is to wholesale homes for quick cash.
• Seller accepts $100K for property
• The property is worth $200K
• You sell the property for $110K
• You will make a profit of $10K
The key to wholesaling properties is marketing. You want your phone to be ringing with motivated sellers wanting you to purchase their home. The bottom line is the more motivated sellers you speak to, the more deals you make. So let me give you some basics on what you’ll need to get started.
• Toll free number
• Bandit signs
• Access to comps
• Assignment Contract
• Business cards/flyers
• Title company that does double closing
First, you can search google to locate a company offering toll free numbers for a reasonable price and you want to record a greeting detailing how you can help someone sell their properties. Second, place at least 25 bandit signs in specific areas in town where the homes are older. Older properties have more equity. Be sure to put your toll free number (not your local number) on your signs. Place the signs in high traffic areas. Be sure to put the bandit signs after 5PM on Fridays; this ensures them not being removed before Monday by the city’s code enforcement.
Third, work with a realtor on obtaining comps to wholesale homes. You also want to distribute your business cards and flyers. A great place to network is your local REI Club where you will be introduced to other investors, realtors and title companies in your community. Implementing this step will allow you to find buyers to purchase your properties. I can assure you that if you execute these simple steps you’ll discover how easy it is to wholesale homes for quick cash.
Thursday, September 4, 2008
Investors Take In New Strategy During Slow Year
New "Flip Factor" book reveals strategies used by NFL coach to earn $45,000 in 45 days
Tampa, FL -- A new book by renowned investment innovator Preston Ely is teaching investors how to profit in an otherwise slow year. "Flip Your Way To Financial Freedom" shows both veteran and aspiring investors how to earn big returns when most other investment strategies are stagnant.
"There's no question about it, 2007 has been a terrible year for most investors. My methods have repeatedly proven themselves to be winners even in this lackluster environment. The demand for this information has been staggering," Ely said.
Until recently, Ely's students paid $5,000 to learn his investing secrets. Now, with the publication of Ely's new book, his most important strategies are now available to the public for the first time.
Ely starts by telling readers what kind of investors are making impressing money this year. He then proceeds to illustrate in detail how to put the popular "Rich Dad Poor Dad" philosophy into action. "Kiyosaki vaguely tells you what to do in the book. I give investors the step-by-step instructions they need to make these powerful ideas earn for them," Ely said.
Among Ely's most notable accomplishments is his ability to help average people earn well above average money in a very short period of time. "I taught my strategies to an NFL coach who then turned around and earned $45,000 in just 45 days," Ely said.
"Flip Your Way To Financial Freedom" focuses on giving readers the motivation they need to see their dreams to fruition. "On average only about 2 in 10 of my students earn the kind of money they're capable off. That's because most people give up when they realize the hurdles that stand in their way. My book gives everyone the same motivation the lucky, wealthy 20 percent possess," Ely said.
The book carefully explains the secrets to wholesaling real estate. Readers don't need money, credit, or experience to make the plan work. "And you don't have to risk your own money to invest. That's a critical point. In the past only the wealthy could generate big money, but now anyone can get into the game without sacrificing their savings or home," Ely said.
"Flip Your Way To Financial Freedom" along with a free mini- course and complimentary newsletter are all available at http://learn-how-to-wholesale.com
Tampa, FL -- A new book by renowned investment innovator Preston Ely is teaching investors how to profit in an otherwise slow year. "Flip Your Way To Financial Freedom" shows both veteran and aspiring investors how to earn big returns when most other investment strategies are stagnant.
"There's no question about it, 2007 has been a terrible year for most investors. My methods have repeatedly proven themselves to be winners even in this lackluster environment. The demand for this information has been staggering," Ely said.
Until recently, Ely's students paid $5,000 to learn his investing secrets. Now, with the publication of Ely's new book, his most important strategies are now available to the public for the first time.
Ely starts by telling readers what kind of investors are making impressing money this year. He then proceeds to illustrate in detail how to put the popular "Rich Dad Poor Dad" philosophy into action. "Kiyosaki vaguely tells you what to do in the book. I give investors the step-by-step instructions they need to make these powerful ideas earn for them," Ely said.
Among Ely's most notable accomplishments is his ability to help average people earn well above average money in a very short period of time. "I taught my strategies to an NFL coach who then turned around and earned $45,000 in just 45 days," Ely said.
"Flip Your Way To Financial Freedom" focuses on giving readers the motivation they need to see their dreams to fruition. "On average only about 2 in 10 of my students earn the kind of money they're capable off. That's because most people give up when they realize the hurdles that stand in their way. My book gives everyone the same motivation the lucky, wealthy 20 percent possess," Ely said.
The book carefully explains the secrets to wholesaling real estate. Readers don't need money, credit, or experience to make the plan work. "And you don't have to risk your own money to invest. That's a critical point. In the past only the wealthy could generate big money, but now anyone can get into the game without sacrificing their savings or home," Ely said.
"Flip Your Way To Financial Freedom" along with a free mini- course and complimentary newsletter are all available at http://learn-how-to-wholesale.com
Saturday, June 28, 2008
How to Wholesale Properties
Wholesaling can be a great way to get some extra cash and get into investing in real estate. Wholesaling real estate investing can be a difficult thing. In fact, dealing with wholesale properties can be something that you need to learn about first. A wholesale property is one that is sold wholesale. Wholesaling can be done even if you are not sure how much you are going to have to pay to repair the property, or how much you will get from the home or for rent. As long as it is a good deal, you can wholesale as many properties as you want, without worrying about it. Wholesale real estate is a great deal because you can buy properties cheaply, and also sell them for more money. However, in order to be involved in wholesaling real estate, you need to know a few things, and have a little bit of help.
The best way to get started is to team up with someone who already has closing deals, and who has a list of buyers.They can help you find wholesale houses. If you are looking for wholesale homes, someone who knows what they are doing can make the best influence for you. This can be the best way for you to make sure that you are getting the best deal. You will want to be sure that you can get a great education when it comes to properties, because this will let you have the best control over what you will be doing with them in the future. The person that you team up with can help you in many ways. They can make sure that you know what the sales terms are, and how to negotiate for good ones.
Wholesale real estate investing is something that requires skill. You must look at the purchase price in order to be sure that the wholesale real estate meets your criteria. In all, wholesaling properties can be quite trying, but if you find the right wholesale property to match what you are looking for, you'll be able to buy it cheaply and sell it for more money. Wholesaling real estate is about being in the right place at the right time, and taking advantage of the deals that you do find. Wholesale houses often come to you very quickly, so be ready to buy wholesale homes with no delay. Remember, if you are going to be in the business of selling and buying homes, make sure that it is your priority. Get yourself some business cards, flyers, and everything else that business owners need, so that everyone knows you are serious about it.
Be sure that you are making offers that aren't too high. Don't put down the seller or the property, however. Figure out some tactful ways to make your offer without offending them. Remember, you can always go up on your offer, but you can't come down again.
It is important to also know a little bit about finding buyers. You want to start building your own buyers list as soon as you can. This should be a list of people who are good buyers. You can either use this list on your own, or continue to work well teamed up with your partner. You have to use your own judgment as to when it is a good time to leave your partner.
The best way to be serious about wholesaling is to form a corporation to use for it. This will help so that the IRS doesn't se you as a dealer with your name. Having a corporation will make sure that you have the benefits that you need when you start to hold properties and your own.
Julian Lee is a active Real Estate Investor and Internet Marketer in South Florida. To learn more about real estate wholesale investing visit http://learn-how-to-wholesale.com/
Thursday, June 26, 2008
How to Rent a House to Own
Rent a house to own can be a great way for your family to get into your dream home without crashing your families finances. This is not a new concept although we may see more of these contracts taking place with the ongoing housing market problems.
Who is a rent a house to own for? Well it can be a great plan for anyone but more specifically it is a great opportunity for those with blemished credit or who are low on cash for a down payment. This can also be an opportunity for those who are in the military or someone living in an area for a short time but wants to make an investment with their rent. This can be the perfect situation for the handyman that can trade his skills for a down payment on a home.
You can find the homes that are available as a rent a house to own through the seller. These are not typically found listed with real estate agents although there are agents that do specialize in a rent to own home. One website that you can either list your home you currently own on as a rent a house to own or you can pick from the homes they have a available as a rent a house to own option.
It is important if you are looking to rent a house to own that you are aware of the pitfalls that might occur. This can be a great option to get you in a home faster but there can be a downfall. In a rent a house to own you are entering into a contract. It is important to carefully read the contract. There have been cases where the sellers are evicting rather than selling and making even more profits from the home.
In a rent a house to own contract you will be paying a little higher rent or a little more than a mortgage would be. This is because you will be paying the normal renting fee plus an option to buy fee. Typically this fee and possibly even a portion of the rent will go towards the price of the home. The seller will give you a time frame as to when you must be able to secure a loan to buy the property. This time frame is usually a 3-5 years. This will give you ample time to repair your credit and even save a larger down payment. If you are unable to secure the loan at the end of that time period than all fees collected during the time period stay with the seller and are a loss for the buyer. So basically you are betting that you will be ready to buy a home in 3-5 years when you enter into a rent a house to own contract.
To find a rent a house to own in your area you will have to do a little leg work. These homes are often advertised in the local papers or even in want ad or websites like Craigslist. There are also websites like the one I mentioned earlier that will list rent a house to own for the seller much like a real estate agent. When choosing to rent a house to own be carefully to read the contracts thoroughly and even consult a lawyer or agent to help you negotiate the contract and ensure you are entering into a contract that you can make a winning bet on.
Julian Lee is an experienced Real Estate Investor and Internet Marketer from South Florida. To learn how to rent to own for a profit go to http://renthouse2own.com.
Sunday, June 1, 2008
How to Negotiate Foreclosures and Short Sales
Bank Loss Mitigators: How to Negotiate Foreclosures and Short Sales by Simon Volkov
Bank loss mitigators work with homeowners who are trying to save their home from foreclosure. In essence, the loss mitigator is the middleman between the bank and homeowner. Their job is to devise a plan to keep homes out of foreclosure that is agreed upon between the homeowner and lending bank. The bank loss mitigator cannot approve or deny a plan. Instead, they use gathered information to suggest a plan to the bank that would be in the best interest of both parties.
Bank loss mitigators use information supplied to them by both the homeowner and bank to determine the right course of action. The information collected can include mortgage payment amount, delinquent payment amount, proof of income, list of the homeowners expenses and debts, foreclosure hardship letter, and tax returns.
A foreclosure hardship letter is written by the homeowner to explain the circumstances which caused them to become delinquent on mortgage payments. The hardship letter should also include if these circumstances are ongoing or if they were temporary. The bank loss mitigator uses the letter as a reference to devise a plan for the homeowner. The information in the hardship letter should be factual and detailed.
When homeowners are able to become current on their past due mortgage in a reasonable period of time, bank loss mitigators can devise a loan modification. This type of plan allows borrower's to make payments on the past due amount in addition to their regular monthly payments.
For example, a homeowner is three months behind with a monthly payment of $700. The bank loss mitigator establishes a plan that over the next 10 months, the homeowner would pay their regular monthly payment and an additional $210 to payoff the past due amount. As long as the borrower makes timely payments, a loan modification can stop foreclosure proceedings.
Bank loss mitigators can assist in negotiating a short sale of the real estate if homeowners are financially unable to continue payments on the home. A short sale is when the lending bank agrees to accept an offer lower than the amount owed. For example, if a mortgage balance is $200,000 the bank might agree to accept $190,000 for the home. A short sale approval can help the homeowner salvage their credit and the lending bank cut their loss.
It is important to remember bank loss mitigators do not make final decisions. They review provided information and devise a plan that will be beneficial to both the homeowner and lending bank. A short sale or repayment plan must receive final approval from the bank.
Private real estate investors can help individuals facing foreclosure. Borrower's can sell their home to investors once they obtain short sale approval from their lender. Short sales can be less detrimental to the homeowner's credit score and minimize losses for the bank.
Simon Volkov, private investor, helps individuals with short sales, foreclosures and working with bank loss mitigators. Learn more about services offered by visiting www.SimonVolkov.com.
Saturday, May 31, 2008
How to purchase a Short Sale Home
You maybe asking what is a short sale home? You are also probably asking what should I know about how to purchase a short sale home. Well a short sale home is a home that the seller is having to sell because of a looming foreclosure. They have a higher loan on the home than it is worth, so they are what is called upside down in their loan. The sellers can negotiate with their banks and lenders to allow them to sell the house for what it is worth rather than what they owe on the home. The deal is called a short sale because the seller is selling the house for less than he owes. The owner may be liable for the difference or the bank may absorb the difference in hopes of preventing the home from going to foreclosure.
In the buyers market that we are in right now a short sale home can be a great purchase for a potential home owner or even an investor. You may be wondering how to purchase a short sale home? Well you will have to be a savvy consumer and do a little home work. To answer the question of how to purchase a short sale home you will first have to find one. This is not allows stated on the sales flier at least not in plain terms. If a home is listed and the listing says offers must meet approval of the owner's bank you can pretty much bet this is a short sale home. Another indicator of a short sale home is a home that has been on the market for a long time and the price has steadily come down from the original asking price. This one can be tricky though. The market value of homes have been falling so a home that is fairly new and the price is falling on it may be a good indicator of a short sale home, but an older home that the price is falling on may not necessarily be a short sale but rather the owners already own or owe little on the home and are able to sell for less themselves.
Once you have found a short sale home it is time to do your home work. You will want to have a good idea of the fair market value of the home. This should be around the acceptable price the bank is willing to take as an offer. You will not want to under bid the home by more than $20,000 or so. That type of bid is more likely to be rejected. It is the banks responsibility to get a fair market value for the home or they will be responsible solely for the amount the home was undersold for. When looking at how to purchase a short sale home do not expect to pay $150,000 for a home that is worth $300,000 in fair market value, your offer will mostly like just be ignored.
You will want to return with a counter offer if your first offer is rejected, but increase the amount by more than just a few pennies. If you came close the first time the bank most likely would have accepted your offer. Purchasing a short sale home can be a wise investment or a really good way to get a great house at a great price. You will be finding a lot of homes making short sales to avoid foreclosure in this falling economy. If you are one of the special few buying homes then consider a short sale home to sweeten your investments.
In the buyers market that we are in right now a short sale home can be a great purchase for a potential home owner or even an investor. You may be wondering how to purchase a short sale home? Well you will have to be a savvy consumer and do a little home work. To answer the question of how to purchase a short sale home you will first have to find one. This is not allows stated on the sales flier at least not in plain terms. If a home is listed and the listing says offers must meet approval of the owner's bank you can pretty much bet this is a short sale home. Another indicator of a short sale home is a home that has been on the market for a long time and the price has steadily come down from the original asking price. This one can be tricky though. The market value of homes have been falling so a home that is fairly new and the price is falling on it may be a good indicator of a short sale home, but an older home that the price is falling on may not necessarily be a short sale but rather the owners already own or owe little on the home and are able to sell for less themselves.
Once you have found a short sale home it is time to do your home work. You will want to have a good idea of the fair market value of the home. This should be around the acceptable price the bank is willing to take as an offer. You will not want to under bid the home by more than $20,000 or so. That type of bid is more likely to be rejected. It is the banks responsibility to get a fair market value for the home or they will be responsible solely for the amount the home was undersold for. When looking at how to purchase a short sale home do not expect to pay $150,000 for a home that is worth $300,000 in fair market value, your offer will mostly like just be ignored.
You will want to return with a counter offer if your first offer is rejected, but increase the amount by more than just a few pennies. If you came close the first time the bank most likely would have accepted your offer. Purchasing a short sale home can be a wise investment or a really good way to get a great house at a great price. You will be finding a lot of homes making short sales to avoid foreclosure in this falling economy. If you are one of the special few buying homes then consider a short sale home to sweeten your investments.
How To Purchase Short Sale Home
Welcome to my new how to purchase short sale home blog.
I'll will be posting articles and tips on how to purchase short sale home and other real estate strategies very soon so check back very soon.
Thanks
JLee
I'll will be posting articles and tips on how to purchase short sale home and other real estate strategies very soon so check back very soon.
Thanks
JLee
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