Nothing like two 1-7 comebacks in some friendly Euchre-I love my partner

Skipped Church today for beer and pretzels.

High on Jesus- Hungover on Hillsong

Suprised that thers not a restaerunt called Leftovers-Yum so good. So much to be thankful for.

Phil 4:8

So what do we do? Anything - something. So long as we don't just sit there. If we screw it up, start over.

Schedule Time 4 Success

This is excellent. I couldn't have said it better myself. It's not always easy but it's much needed. Happy Success  -Tyson. Enjoy!

Schedule Time for Success by Rob Fore

8Share

 

 You have received an invitation to a wedding with RSVP request.

You check your calendar, make adjustments if necessary, and SCHEDULE time to attend.
Because it is important. Spending time with family and friends to celebrate life is always important.

Schedule Time for Success

You set your alarm for 5 am Monday through Friday. It’s just enough time to get up, get ready and get to work if you don’t run into too much traffic.
You set the alarm to keep on yourself on schedule. Because it is important. Not losing your job is important, isn’t it?

• Six month dentist appointment. Scheduled. Because it is important.
• Three month oil change. Scheduled. It’s important.
• Tee Off. 10 am. It’s scheduled. It’s important.
• Thursday night bowling. 6 pm sharp. Bring your own shoes. It’s important.

Everything Important We Schedule

So if you are truly serious about creating wealth on the fast track while enjoying the journey; if you are truly serious about getting in, getting it done and getting on with living a blessed life of plenty… perhaps you should SCHEDULE time to build your business.
Perhaps you should SCALE BACK on some of the things in your life that are less important, in the long run, and MAKE TIME to build your business.
Doesn’t that make sense? But only if you are serious. Because making it a point to schedule time to build your business is a proven technique only for those who are serious and for those you understand the value of putting “work” back into the work from home equation.
RIGHT MOUSE CLICK HERE to download a simple time sheet. Go through your week and schedule time to build your business. Because it is important. Scheduling time to live into the life you have designed is important.
Send a copy to your Manager or a Team member– who will hold you accountable to be “working” your business when scheduled.

GAME 7- Who's going to take it!

New Jersey VS Pens, Red Wings VS Caps-its a Hockey Night in AZ

"Step number one for changing the entire world, is falling in love with it as it already is. The same is true for changing yourself."
Mike Dooley

More than jewels and weapons of war .. Get wisdom get the principle thing.

So many convienent crack addicts @ McDonald's

"Love always protects, always trusts, always hopes, always perseveres." 1 Corinthians 13:7

Singing is just musical talkin

Be courageous

If honesty did not exist, it would have to be invented

If honesty did not exist, it would have to be invented

Its a beautiful day!

Napoleon Hill - Real Riches

Napoleon Hill - Real Riches

 

http://youtu.be/TQ0hHIQIr_E

 

1. Make a list of things to do to get there
2. Decide how you can achieve them:
(a) collaborate with friends
(b) barter tasks with someone who can help
(c) challenge someone to get there first
3. Get things done & track success.

Forgiveness is not always easy. And yet, there is no peace without it.

5 Way To Find Buyers

Wholesaling is simply -Find a deal, lock it up with contract and find a buyer to get it sold or with assignment fee. by Tyson S adopted from Mitch Painters Real Estate Rocks.com

1. Bandit Signs - post these, they will work for you as you work them. Collect names, emails and ad to your list of buyers.
2. Realtors- have cash buyers and can market deals.
3. Rei- (Real Estate Investing Associations) share your deals and great networking.
4. Recent Transfers- in your area or niche market there are others who have bot and sold in your are who you can find and get their info online or downtown.
5. Other Investors- they have their fees yes, but they can help get deals done.

Good Investing!!

Real Estate Investing Without Borders

by Peter Vekselman

Real estate investing has a long history of creating wealth for the common investor. Today, virtual investing exponentially compounds that possibility. With current technology, you are no longer bound to deals in your local community.
Let’s dispel the misnomer that you have to live in a community to know it well. With all the information available from realtor websites and other sources, it’s easier than ever to learn what you need to know about properties anywhere in the country. Or even internationally. You can just as easily perform your due diligence online as well.
Today, finding buyers online is easier than attracting them to a local office. Over 90% of buyers begin their search online.
The fact is that online real estate investing offers you the chance to maximize your profits. You do this by picking a prosperous market any where in the country and real estatebecoming a ‘local expert’ without ever leaving the comfort of your home.
Just like all real estate investors, online investors must specialize if they want to prosper. Before selecting a city or section of the country to invest in, you must decide what you want to invest in. Will it be commercial or residential? Will it be multifamily housing or a niche like student housing? Once you make that decision, you can begin narrowing your selection to locations offering the best opportunities.
Once you find distant locations offering you the best opportunities in your specialty, its’ time to become a local real estate expert. Beginning this is no more difficult than googling “real estate offices in [your favorite location]“. At the same time, pull up a good local map of the vicinity.
Use the map and the local MLS listings to gain detailed knowledge of the local landscape. If you’re looking at single-family houses, plot the MLS information on the map. You’ll soon understand where the high-end neighborhoods are located and where the older neighborhoods are. You can even use Google Earth to look around many neighborhoods.
Most decent real estate websites also offer information about local demographics (which you can also find online from the U.S. Census Bureau). Information you need includes:

• Unemployment rates and trends
• Average income
• Average age
• Percent of homes owned versus renters
• Population and population trends
• Educational level
• And a whole lot more

Other sources of information you want to hook into are the local newspaper’s real estate section and listings. You’ll also learn about FSBO property on craigslist. And signup for any electronic newsletters the local real estate offices make available.
Truth be told, being an online local expert will likely make you a better expert than if you lived there and ‘assume’ you are fully in touch with the local market.
Eventually, you are probably going to need the some feet on the ground in your distant market – the same people you would have in a local market. Depending on your investing strategy, this might include a local realtor, remodeling contractor, title company, real estate attorney, etc. This might be one time you choose to physically visit the location so that you can have in-person meetings with several of these people before deciding which to work with. Many people like to look associates in the eye before deciding to work with them. But really, how different is being in-person from having a video conference using a webcam? I honestly don’t think you ever need to visit the distant location.
After that, what’s left is your marketing. If you’re not already doing online marketing, you’re way behind the power curve. I’ve written several times about online marketing. If you need more information on the subject, please visit the blog archives.
In the end, the only thing keeping you out of the most prosperous real estate markets is your reluctance to grasp the technology bull by the horns.

from Adam http://cooperativepurchase.com/


I just added over 10 hours of training audio from a boot camp that I recorded.  Also, I added the Discovering Your Path Manual, the Locator Program Manual, and the Reverse Acquisition Manual.  And finally, I added the iLOC IRA and Private Money audios to the Cooperative Purchase.
What this means to you, is that if you already own the program, simply login and get it at no additional cost.

And, if you don’t own the program, you can get it by CLICKING HERE for only $49.99 for THREE DAYS ONLY.
I WILL increase this price on Friday at Midnight, so please act now.
I’m here if you need anything at all!
Adam

 And, I want to share this with the next 3 people that contract with us for the next six months. This is a great opportunity for the right person. Stop living paycheck to paycheck and make a great investment of your time with a "life change" that offers unlimited income potential.

 

You can find the details here. Adam King's RE Blog

or here.  Note, this is for ONLY three days!  THANKS  Tyson 

Popularity: unranked [?]

Bird-dogging 101 from Bigger Pockets in re Rehabbing

Definitions: A "Bird-Dog" is someone who identifies a good Real Estate investment opportunity and puts the property under contract with the sole intent of assigning that contract for a fee to a rehabber to repair and resell. For the purpose of this article the term Birddogging and Flipping will mean the SAME thing. 

 The Scenario:
I believe that birddogs are getting as frustrated with the current state of the Real Estate investment market in the DFW area as many rehabbers are. I understand that many of you are professionals who take the time to look at a deal from the perspective of the rehabber and only put a contract on a house that has enough room, after your assignment fee, repairs, holding costs and selling costs, for the rehabber to make a decent profit (typically 15 - 20% of sales price).
I also realize that many of you are frustrated because you will assign a good contract to a "rehabber" who tells you they can close, who then turns around and assigns your contract to someone else who may or may not be able to close.

The process takes the profit out of the deal so that if it ever is shown to a "real" rehabber...there is nothing left in it for them... no one closes, you don't get paid, and you wasted your time.
Another problem that I see happening all too often is that there are new birddogs that don't have a good understanding of this business yet are out-bidding the "pros" for the property without taking into account all of the cost associated with rehabbing/selling the property. Then, what could have been a good deal for all ends up either not closing, because a Hard Money Lender will not fund enough or a "real" rehabber will pass on it for the same reasons listed in the preceding paragraph. NO PROFIT!.
So I want to try again to help the new birddogs and those "pros" that are getting frustrated because their contracts are not closing, see what they can do differently to ensure that most if not all of the properties they place under contract will be assigned and will close.
Rob's Rules to Birddogging:
1.Treat this like a real business: This means you may have to make an investment in your business in order to make money. If you want to earn a $2000 - $3000 (or more) assignment fee you had better do the leg work required for a rehabber to quickly evaluate your deal.
2.You need to be able to estimate repairs accurately,(within 20%). If you can't, then how will you know if a deal IS a deal?
3.You need to know how to "comp" a deal. This does not mean that you grab the other For Sale listings in the neighborhood and call those prices "comps". It means you will need to use the Dealinator or other service to see what the recent SOLD Comps in the subdivision are and what is the avgerage Days On Market(DOM).
Use the Lowest or Average selling price per square foot when you estimate the selling price to see if there is enough room in the deal for everyone. Please don't use the top end as "Real" Rehabbers will want to sell the property fast, at a discount, since they are often paying Hard Money Loan rates. That means they will look at the potential selling price based upon the Low to Avg Selling price of the Comps.
4.Understand how Holding Cost affect a deal: If I am buying the house for $100,000 plus your $2500 assignment fee + $7500 in repairs that means I may be borrowing up to $110,000 from a Hard Money Lender. At 14% Annual Interest that house costs me $1283.33 every month I own it. This is why the DOM is so important for you to know when you are evaluating a deal. You need to know that if the Avg. DOM is 90 days....your rehabber will need to spend $3850 in loan payments (using the above example). That amount needs to be calculated in the deal.
5.Only assign your contract to a "REAL" Rehabber not to someone who is going to flip it again. If it gets flipped again the odds are good that the deal will not close and you have wasted your time.
6.Use a TREC contract. WHY? Because the rehabber will probably need to borrow the funds to purchase/repair the property and the Hard Money Lender/Bank will want to see a bonafide Real Estate contract.
Treat this like a business and don't try to assign something that no one wants to close on. I have spoken to many fellow "REAL" Rehabbers, people that can and do actually close on deals every week/month, and they agree that if you you want me/us to pay you $2000 - $3000 dollars for finding a deal then I/we want you to only bring us deals worth looking at otherwise we have both wasted our time. All we are asking of you is that you spend an hour or less doing your "Due Diligence" before you put a contract on a house that you want to later assign.
A Typical Deal By The Numbers
This is how I and many "real" Rehabbers look at a deal;
Max Selling Price 1: $150,000.00
Acquisition Cost 2: - $7,500.00
Repairs (estimated) : - $9,000.00
Four month Average. Hold Cost : -$4,900.00
Min Profit (15%) : - $22,500.00
Misc expenses (5%) : - $7,500.00
Cost to Sell (5%) 3: - $7,500.00
Max Purchase Price : $91,100.00
Additional (Not covered by loan) expenses : $7,500.00
1 Based on selling it fast and based on the low to avg selling price/sqft
2 Title work, Dwelling Ins., Loan Fees & assignment fees
3 Listing with someone like MyCastle.com for 3% plus $500, Closing costs, etc.
FYI: Max Hard Money Loan = $105,000 based on a max of 70% ARV
If you are not doing this math on every deal you are considering putting under contract then you are not earning your assignment fee. This is a business. Like every business you are only paid when you sell your product or service. Make sure you sell every one of your deals by only doing deals that can be bought by a real rehabber.
I don't want to insult anyone or hurt anyone's feelings. You may not agree with what I have said. But believe me when I tell you, if you want to sell a deal to me or 99% of the other "real" rehabbers that can close...you will need to keep what I have said in mind. I do this same math on EVERY deal I look at buying...if it doesn't work...I walk! 
About the Author: Rob Barney
Blog: Rob's Real Estate Ramblings

Todays Market- from Peter

OK....so here's the bottom line

 

Is it possible to engineer deals today
that require you put no money into them?

 

Is it possible to work in todays market 
with bad credit?

 

Is it possible to be a newbie in todays
market and still profit?

 

Is it possible to start a brand new strategy
in todays market and make it profitable?

The answer to all these questions is YES

 

And here's how it's done....

http://reverseflipper.com/

 

(it's about a 15 minute video).....but 
it's worth it!

 

All the Best

 

Peter

 

PS:  I lay out all the info you need

http://reverseflipper.com/

Confess and believe- why and how is this such a powerful concept??

Steps to Co-op Lease Purchase

My wife finds the best deals at the Coop Market

The Steps

1. Market with ads, signs, networking or by mail
2. Pre-Qualify Seller (See Seller Pre-Screen Script)
3. Send seller info to your partner’s email address. (Should be given to you
once you sign up.)
4. Your partner will then negotiate the deal and email you the information
(What was discussed with seller, what strategy will be used and the details
of the option agreement). Directions on how to proceed will follow.
5. JV Partner (You) will conduct a follow up within 48 hours if seller has not
faxed or signed option agreement. (After your partner has negotiated with
them and sent them the paperwork) 6. Once an option agreement is signed, partner (you) should begin the market-
ing for a buyer. Once a buyer is located, you will discuss terms (See buyer
section) and show the property. If the buyer likes the property, you will
email the name and phone number of buyer to your partner for review.
7. You or your partner should then contact the buyer and they will be pre-
qualified through your mortgage broker so you know if you have a good
qualified buyer.
8. Once the buyer is pre-qualified, you should be contacted by your partner
and get information on what to do next.
9. Your partner should then complete negotiations with the buyer so paperwork
for closing can be created.
10. Partner (You) will present buyer paperwork and get all signatures if needed.
11. Closing will be set up and performed by you. (If a bank is involved a clos-
ing company or agent should close the transaction.)

Whatever you do don't give an excuse for doing nothing- find a way to give $ time meal etc etc

Birddogging 101- L20 Strategy

Here's some training for making calls. Check out the audio of 5 "live calls" from Joe McCall.

Fun Stuff!

5 "live calls" link to sellers (NOTE: this is from, Joe, one of my mentors)

Bird dogs

Find the deals

Research (analyze) the deal

Forward it to me or to one of our investors

Then get paid

 

So, let me give you the quick and dirty low down of what we're doing and how you can help in 2 (two) steps.  Here are the basic steps:

 

1) Find a motivated seller who wants to sell their house on a Lease Purchase Rent 2 Own.
This involves finding motivated sellers. There are few ways of doing this.

Either sellers call us from our marketing efforts or we contact them.

Ways we contact them.

Phone  (attached seller script.)

Use this script to call sellers on Craigslist for rent or for sale section (the 5 questions) and ask about their home and then ask if for rent ask if they would consider selling it.

This works also with farming an area.

You will take an area of town (filter by zip codes or square miles). Write down all the info from signs by rent or by owner or by Realtor. Call them and find "motivated sellers". The goal is 30-50 total to get started.

ALSO>  the homes for sale and ask if they would consider renting it with an option to buy?

Email   (attached email script.)

these you can mail to seller who are offering houses for rent.

Also those who are offering there homes for sale but you just have to change the wording a little bit.

 

Door Knocking (they have a sign outside their house)

Therefore you knock on their door and see what theirs needs are. I'm doing nights and weekends and it works great!!

 

2) Get the property under an “Option To Lease Option” contract.

Once they say OK or even if they are a warm lead (meaning they need more info) then we email them the contract with the property information sheet and the why sellers like Lease Purchase Rent 2 Own flier.

Co ops rock! Building an army or bird dogs!!

Please pray- Kyleen threw her back out on Saturday, still hurts today!! Going to doctors.

Be blessed!

What does that mean, to "Live From Gratitude?"

entrusted to you, and the gift that He has given you? NO ONE ELSE CAN DO what God has chosen for you to do. He has equipped you to be used for His glory in a sp

focus and attack!

The difficulty lies, not in the new ideas, but in escaping old ones, which ramify, for those brought up as most of us have been, to every corner of our minds.

"Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough."

Oprah Winfrey

Happy Fadah's day *what makes this day so special is that men'all men were made for this! To God be the glory!

1st Dallas, now Boston!! What a week!!

Lord Stanley in the house TONIGHT!!

Looking forward to seeing my family today - miss you guys!

About my marriage, I will tell you something which may sound corny but which happens to be true. I have a 5* steak at home. Why should I go out for a burger.

Spilled coffe all over myself this am, talk about hot pants!

what would you say the average millionaires home costs? acd to Dave Ramsey its 320k! I wonder what car they drive?

More of You, Less of Me. Thanks for Life More Abundantly.

Keep away from people who belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great."
MTwain

Spending time with our wonderful kids* so precious*

Save $$$ on diapers -go clothe!!

Hines Ward good, Anna Kournikova bad!

It's not what you do once in a while; it's what you do day in and day out that makes the difference. -Jenny Craig

One hour per day of study will put you at the top of your field within three years. Within five years you'll be a national authority.

"God sends no one away empty except those who are full of themselves."
D.L. Moody

My Father Loves Me Unconditionally!! My Father Fixes Things!!

Track your $net worth. 1 general ledger 2 P. & L. 3 financial balance sheet. How can we make it grow?

Christian Nugget: "The greatest of all disorders is to think we are whole and need no help."
Thomas Wilson

AGREEMENT TO PURCHASE AND SELL REAL ESTATE

AGREEMENT  TO  PURCHASE  AND  SELL  REAL  ESTATE

BE IT KNOWN, the undersigned, ­____________________________________________________, and/or assigns, AGREES TO PURCHASE REAL ESTATE from the Current Owner(s) known as                                                            and­­                                    __                                                

WHO ALSO, BY AFFIXED SIGNATURE(S), AGREE(S) TO SELL the Real Estate property known as: _________________________________________________City of __________________, County of_________________________, State of _______________________, Zip                        said property more particularly described as: * Legal to Follow

The purchase price offered is:            $                                               *AS IS*

Non-Refundable Deposit;                   $ __________________10.00

Balance at closing:                             $_______________________

Total purchase price:                          $_______________________

This agreement is conditional upon the following terms:

1.         →This agreement is subject to Buyer obtaining a satisfactory home inspection report and termite/pest report within thirty (30) days from date hereof.

2.         →Said property is to be sold free and clear of all encumbrances, by good and marketable title, with full possession to said property available to Buyer and/or Assigns on date of closing at _______________________________, and Seller(s) vacating premises within seven (7) days.

3.         →The closing shall occur within           days after the 5 day waiting period (not to fall on weekends or holidays), by and through the Title Company, ____________________________.

4.         →The property is subject to inspection and Partner Approval, and contractor’s estimates for repairs, if necessary, within 14 business days.

5.         →Seller(s) to pay normal closing costs, at Title Company[i]

6.         →Seller(s) will provide Buyer/Buyer’s Agents with access (and keys if vacant) to the property upon acceptance, with sufficient notice given to Seller(s).

7.         →This agreement shall remain open for five days after signing by Seller(s), not to include weekends or holidays, until 5 o’clock p.m. on ____________________, 20___, and if not accepted by said time, this offer shall be deemed rescinded.

8.         →Also CONDITIONal upon:

            A.   Seller having the understanding that Buyer and/or Assigns will sell the said property/Contract for profit.           

            B.   Buyer being able to successfully negotiate sale of this contract. 

            C.   And in the event of unforeseen delays, Seller(s) agree(s) to an extension of this Contract, for a period of up to fifteen days, including but not exceeding beyond ________________ _______, 20____, (not to fall on weekends or holidays).

Buyer:                                                                          and/or assigns            Date:                          

Seller:                                                                                                             Date:                          

Seller:                                                                                                              Date:                          

Assignee:                                                                                                                    Date:                          

[New Buyer(s)]

______________________________

________________________________

Upcoming Meetings!

Reminder Num 1: See April 19th @ Metro Title

Mark your calenders. April is the month of spring bloom and that's exactly what our Investors are starting to do.

Be a part of the spring bloom and join us for our next networking meeting! It will be a very valuable one for everybody.

Ask for Lynne

Reminder Num 2 Friday Night Meeting Every Week

We are going to be at the Borders Book Store Park Place Mall, 7:30 - 10pm.
For a time of networking and fun times playing Cash Flow 101. 
Ask for Elliot


Let me know if you are interested in any of these and we'll save you a seat! 

Ps. Bonus! Don't look at this if you're a NooB. Interview with Joe McCall and Claude Diamond Take the meat and leave the fat.

REI Creed

I am a Real Estate Investor. Of all of the occupations I have tried, researched, pondered, and read about over the years, there is none, which compares to mine. My work is fun. I take ugly houses and make them beautiful. I help people out of difficult situations. I am a Real Estate Investor. I am my own boss. I often work in my pajamas from the comfort of my home. I have no employees to baby sit, no perishable inventory to move, no franchise fees to pay, and no store to maintain. Still, I am in the top 5% of all income earners. I am a Real Estate Investor. I now enjoy freedoms I’ve never had before. I am the master of my day. I choose whom to work with. I choose my hours, and I decide if I will work 20 hours or 40 hours this week. I can also choose to take the day off, without obtaining anyone’s permission. I can take a month-long vacation. I can sleep in, or take a power nap after lunch if I want. I can review my notes and return my calls while lounging in my Jacuzzi. I no longer have to commute during rush hour. I have the freedom to spend lots of time with my wife and children. I do not have the stress and pressure of needing to close my next deal by the end of the week, by the end of this month, or even by the end of this year. I live in one of the nicest neighborhoods, in one of the most beautiful states, in the best country that has ever existed on this Earth. I am a Real Estate Investor. There are many who ‘want’ to be like me; many who are ‘studying’ to be like me; and many more who would be like me, but are just waiting for ‘this opportunity to appear’ or ‘that circumstance to change’… At the end of the day, very few actually are like me. I have been very fortunate and blessed. I am finally living my dream. I love doing what I do, and I would not trade places with anyone, nor trade my life experiences for anyone else’s. I am driven by the belief that life is short, and we need to ‘make a difference’ in the short time that we’re here, because after all is said and done, it’s really not about ‘us.’ I am a Real Estate Investor.

Cash, Credit, or Risk

Every time I attend at a live event, I have

people ask me about short sales, buying foreclosures,

rehabbing, and all the other techniques of buying real estate

that usually require taking on cash and risk.

Personally, I stay away from those strategies because I

don't like to use cash, credit, or risk as part of my business model.

Lease Purchase/Options are so much easier because you

don't need any of those things. In addition, the option portion

of the agreement, is a unilateral agreement- meaning that only

one party is obligated to perform. 

What does that mean? 

 It means you have the flexibility to buy, lease, sublease, sell, trade, or move into your optioned real estate.

 And yes...if the deal goes bad, you can walk away with your cash and credit intact. 

I sleep very well at night.

The reality is, there is no better way to make money in real estate then with options. 

If you are willing to capitalize in this market, your have a great chance of finishing on the top.

Make it happen!

 By TToback ital by Tyson

Inspirational Video | Dare To Be Great

And my computer crashed yesterday - those are some rotten apples!

I am not feeling good. I got chills and I am burning up!! Ugh

12 Powerful Tips to Getting Private Money by Patrick Riddle

by Patrick Riddle

What would your real estate investing business look like if you had an unlimited source of capital to fund your deals? Let's just say you had access to a million bucks in private money at your disposal . . . what kind of profits could you turn that into by doing great real estate deals? How would that affect your lifestyle?
Well, that's a reality now for one of our students (and this kid is in his mid twenties). He just locked up access to a million dollar credit line from a private investor and is about to go gangbusters in his market down in Florida.
Anyway, let's dive right in and get to the meat and potatoes . . . because that could be you! You can have access to all the cash you want and need for your real estate deals . . .

12 Powerful Tips to Getting Private Money

1) It's Easy to Get
I recruited my first private money lender when I was 22 years old . . . and if you've ever seen a picture of me, you know that I look young for my age. Soooooo, when I signed up numero uno, I looked like I was 17.
People talk about getting private money like there's a big mystery behind it and say, "Everyone that I talk to wants to hold on to their money right now and is worried about the real estate market."
That may be someone's conditioned response but when you educate them on the process, how it works, why it makes sense, and you ask them good questions to elicit their needs and goals, the investment opportunity sells itself.
Come on guys . . . if a 20 something college drop out that looks like a teenager can do it, you can too!
2) Private Money Is All About Personal Relationships
By personal relationships, I mean relationships that YOU build in order to get private money. I often times get asked what one of my private lenders would charge to finance a deal. And I have to tell them, that's not what it's all about.
Get out there, spread the word that you're a real estate investor, that you have great investment opportunities, and cultivate rock solid personal relationships.
3) No Credit . . . No Problem
Private money loans are based on the property, not the person. When you have a great deal under contract . . . let's say for $120K that's worth $180K . . . the person that lends you the money is doing so based on you buying the property far under value.
4) Virtually Unlimited Quantity
A private lender is just an everyday person who lends money to you as an investment rather than investing the traditional way through CDs, mutual funds, stocks, and bonds.
Anyone that you know and everyone that you meet is a potential source of private money. Most people, especially in today's market, are looking for good opportunities to invest.
You'll never run out of private money prospects for your real estate investing needs.
5) Process of Harvesting Funds
Check out the article 4 Steps to Harvesting Private Money for Your Deals. It breaks down the process to : till the soil, plant seeds, nourish your field, and harvest the crop.
6) Go for the Formal Appointment
This is one of the vital pieces to the private money getting puzzle. Investing in anything is a serious matter and should be treated as such. Once you pique someone's interest with your 30 second commercial, you go for the formal appointment.
This is where you meet with all decision makers to present your investment program and educate each prospect on your business model and how it relates to today's market.
7) Use a Professional Presentation
The presentation that you present to your private money prospects should be professional and specifically crafted for optimal success. If you don't already have one, you can download the private lender PowerPoint presentation that I cultivated over the years.
There's a script included to show you exactly what to say and how to say it as well. Also, I've studied sales extensively and integrated an advanced sales process into the presentation. It's some pretty powerful stuff . . . enjoy!
8 ) Make Your List
Here's your first action step . . .
Now, this is a brainstorming session. Which means, do not attempt to qualify your answers . . . just write down what comes to mind. One of the biggest mistakes I see people make time and time again is to disqualify people.
I want you to write down the first five people that come to mind that you could set up an appointment to present your investment program. DO IT NOW!
If you are already reading this sentence, you didn't listen to me. Please stop reading this and write down five people.
OK, now write the date by which you will have called them to set up your first private money presentations.
By committing to following through on this action step, you are on your way towards getting your next deal financed with private money.
9) Listen to Henry Ford
I thought I would bring in the wisdom of Mr. Henry Ford to help us out a little bit . . .
"If you think you can do a thing or think you can't do a thing, you're right."
This is powerful advice! Your expectations will play a major role in your success or failure at getting private money. The simple fact that there are thousands of investors all across the country that use private money to finance their real estate deals should be proof enough that you can do it too . . . regardless of age, race, your network, your net worth, or any other excuse you may come up with.
10) Follow Up Until They Buy or Die
The key to my success over the years at building my base of private lenders was aggressively following up with people (after I had shown them the PowerPoint presentation) until they lent me money on a deal or told me to get lost . . . and the latter never happened.
After you formally present to someone, you will have gathered some much needed information from your prospect about their needs and goals. Now as you follow up with them, only present deals that match the criteria that you gathered at your meeting.
And use my philosophy when you need to get a deal financed . . . "Ask until."
11) Where to Find Private Money Prospects
One of the best places to find potential private lenders is at your local real estate investment club meeting. Often times, these meetings are filled with people who have heard real estate investing is lucrative and want a piece of the action but don't really want to go through the process of learning how to do it themselves . . . that's where you come in!!
Educate them on how they can get involved investing in real estate without having to do anything other than writing a check.
Also, check out this article on the 4 Types of People Most Likely to Lend You Private Money.
12) Business Card Reversal Trick
This is where you use the back of your card for a marketing message that piques someone's interest in your investment program without you having to bring it up in the first place.
Here's what you do . . . on the back of your business card, have a phrase like, 'Learn How to Make High Returns Backed By Real Estate! Email at _____ For More Info !!
Now, when you hand out your business card, you'll have people ask you what this means. Instead of you just telling people about your investment program, people are asking you about it . . . which is where you want to be.
- Patrick & Trevor

Congrats to UofA, awesome win last night!!

Farming an Area

Remember, ideally we want those who have some equity or no equity. Void those who aren't wanting to do a Rent 2 Own Lease Purchase, so pass on Short Sales and/ or foreclosures for now. Those deals can take months and we want you to get paid in weeks. We may be still able to work with a seller if they are motivated and want to move the home.  As for people who are upside down (We Have An App For That) it's a case by case basis. How much upside down? We can work with them if it's 5% or 20%. Otherwise we can help them find a renter who will want to buy in the future and/or do a mortgage acceleration. This is a program that we put them to help them pay off their mortgage in 4-9 years. It's really good!! We stop the bank from front loading the interest.

 

Check out this article. This is where deals happen!!

 

Rich Dad Article for Real Estate Entrepreneurs 

Concentrated Effort in Real Estate - Farming an Area

At the beginning of any new endeavor, one can easily become overwhelmed. Even the most excited and energized individual can become frustrated in the initial stages of real estate investing while simply putting together a power team, learning comps, and making offers. Couple these fundamental building blocks with the process of learning the basic principles of real estate investing and it may not seem like there is the time available to the new investor to succeed. Fortunately, as thousands of real estate investors can attest, real estate investing is a learn-as-you-earn business. As time passes, your real estate investing will develop a foundation, your power team will materialize, and your skills at making offers and evaluating properties will become fine tuned. If you are a new real estate investor and believe this to be true, then one simply needs to get through the initial frustrating stages that new real estate investors often encounter.
One of the easiest ways to mitigate potential frustration in the initial stages of real estate investing is to focus your initial energies on a specific location/area and develop specialized knowledge of that area. Many people have used the analogy of diving into the pool and learning to swim to explain how to succeed at real estate investing. While this analogy certainly holds water, one also doesn't simply want to be doggie paddling through their initial first few years either. It is tempting, and many succumb to this temptation, to want to learn about their whole city or region right off the bat. The figure of speech, "jack of all trades, master of none" comes to mind in describing the skills that these individuals may develop in evaluating properties.

Choose a Farm Area
There is no way around it—to become a successful real estate investor, one must master the art of determining property values. Whether you specialize in rehabbing, wholesaling, foreclosures, or any of the other numerous real estate strategies at your disposal, determining property values is a fundamental skill that must be learned. The rate in which you can practically apply this skill increases dramatically when you start off with a manageable area to start your evaluations.
This manageable area, often called a farm area, is likely to be a section of the city you live in. There is no exact formula to determine how large this should initially be, but for beginning investors there is no shame on erring on the small side. Choosing a smaller sample to study not only has the psychological benefit of not becoming initially overwhelmed, but also the practical benefit of learning your first area well. This is good advice even for the most energized new real estate investor. If you error on the smaller side, you may find after a few weeks that you need to expand it and can easily do so by adding surrounding neighborhoods.

Immerse Yourself in Your Farm Area
In time, successful real estate investors are so tuned into the ebbs and flows of the areas they invest in that they become walking web portals of information. Through study and hard work they develop a feel for their area that simply cannot be taught, it can only be acquired. Without the aid of an external device they can tell you in their area what houses sell for, what they rent for, what the trends are, and what areas are hot (or cold). With this knowledge, they also know within a few minutes of evaluation whether a property in their area is a good deal or not.
The surest way to start developing this feel for a particular real estate market is to immerse oneself in that market. This consists initially of good old-fashion leg work. Drive around your farm area and make a list of all for sale, vacant, run-down, and rental properties. Make appointments to see properties that are for sale and attend open houses. You are not necessarily looking for a good deal during this stage (though you wouldn't complain) but you are trying to learn your farm area.
Through a real estate agent or web service, attempt to gain a picture of what the real estate market has been like in your farm area for the last year. Gaining information on what homes have sold for and the average amount of time a home is on the market before it sells provides critical information for which to determine your initial analysis of your farm area. Since one of your strategies for increasing cash flow is likely to be through the landlord route, you also want information on what homes rent for in the area. With all of this information remember that the more recent the sale, the more relevant the data is.
With a combination of research on real estate deals within the last year, investigating the current homes in your farm area, and following your real estate farm area from that point, you will begin to have an initial picture of the real estate market in your chosen farm area. Naturally there will be many nuances that you fail to uncover at first. For example, over time you may discover that certain neighborhoods may have homes that sell relatively fast and other neighborhoods that take longer. There may be factors involved in this that you simply won't learn until over time trends appear and your feel for your area is developed. These are the subtleties that will make you an expert in that area over time. For now, these other initial states should provide a groundwork to adequately determine property values in your given farm area and recognize good deals when they are presented.

Moving On
Eventually you will feel comfortable with the real estate activity in your area and be able to determine the property values with ease for your first farm area. You likely will have a sound feel for why certain homes move faster than others. At this point you will naturally want to expand your farm area. Don't be afraid to take this process gradually as well, even though your own learning curve of evaluating properties has quickened.
Being able to determine properties is just one step on your journey to becoming a successful real estate investor. However, it is an important one and taking the time to focus on a single farm area in the nascent stages of your real estate career is probably a prudent course of action. Real estate investing is indeed a learn-as-you-earn venture and a concentrated effort on a specific farm area is perhaps the surest way to help the beginning real estate investor start off on the right foot.

Hudson and Caleb are feeling a lot better, thanks everyone! Now its time for Mommy and Daddy to get revived.

You cannot do everything, but you can do something!

You have a clean slate every day you wake up to make a difference. If not in someone else, make a difference in yourself.

Email Marketing = Booya!!

This takes time to build rapport, yet when you have created trust with your list this is priceless. Here's a few tips that will help you with this.

-Keep it simple and sweet.
-Be yourself, provide them with info about you (who is _________ ). You are looking for people who like you and the business will come with time. Be real, I'm doing this and having a blast. Look what happened yesterday. IE. my life is Good Bad Ugly, Etc
-Be consistent. Weather you have 1 person or 1000. Find ways to keep in touch every week. Ideally you want to build a powerful positive list of about 2-3 dozen people that you can build a strong and consistent network with.
-Be informative; providing or disclosing information. You want to leave them a link and some information about what's happening with your Real Estate Deals. If they are interested then they will call you and want to get in to take a look.

I hope this helps!!

March Investor Meeting @ Metro Title

 

This is for ALL those interested in Real Estate.  Good opportunity to Network!!!

? things from your life that are not filling your cup and adding things that bring joy in to your life."

Lisa Hammond

Author of

Dre

? "We all have to start with ourselves. It is time to walk the talk. Take the journey of making very difficult decisions. Start removing

Most people are so busy knocking themselves out trying to do everything they think they should, they never get around to do what they want to do.

Taking Hudson to Chuck E Cheese !

its feb. do u have ur goals down? use s.m.a.r.t. to obtain them. more soon..

happy valentines day to all yinz! kyleen, i'm so blessed to have you!!

Christian Nugget: "God creates out of nothing. Therefore until a person is nothing, God can make nothing out of them."
Martin Luther

sometimes limits like fears are just an illusion

Happy Friday and if I don't see ya.. Have a Blessed Weekend!

please Pray for my wife Kyleen she's Having lots of contractions this a.m. :( gby ily

what's the difference between a rut and the grave? teef6

GB missionaries today! When the goin gets tough we are God's people "Go the Extra Mile"!!

Christian Nugget: "I stand amazed in the presence of Jesus the Nazarene, and wonder how He could love me, a sinner, condemned, unclean."
Charles Gabriel

December's Dangerous Decisions

December's Dangerous Decisions

The year 2010 has ended. How is your business set up for next year?  You can decide to coast through or take a few simple actions that ensure a strong start and continued success throughout 2011.

The Actions:

1. Complete a simple business plan.  It is very important that it is both simple and completed quickly.  You will see how below.
2. Take immediate action on the first workday of 2011 to ensure that you begin your plan within the first week of the New Year.
3. Begin to embed the actions of your 2011 plan as habits that ensure you stick with your plan for the entire year.

Write it out.
Your Simple Business Plan: Time Required -- Approximately 1 Hour.
As you begin this plan it may seem familiar.  As you get to the last steps and beyond you will see why it is likely to be the plan that actually makes your goals happen.
Important: Complete these steps quickly.  Do not dwell on or labor over them.

1.      Your Motivation and Attitude: Write down why you want to be in the REAL ESTATE business in 2011 and what you want your real estate results to do for your life and your loved ones in 2011.

*provide for family and kids future. College and healthy stable home.
*out of the rat race. Dog eats dog,  40 40
*time and freedom –what does that mean. Be able to visit family for the holidays -PA. Two Months off.
Support and be there for Kids activities sports and music, etc.
*help others, community, church and youth. Men’s Ministry. Father of fathers/fatherless.
*able to get health restored, eyes/ teeth
2. Write down the minimum amount of income or monthly Cashflow that would make you feel that you are achieving those things for you and your loved ones.  Review your past three year's income or production so that your goal is based on facts.
’24x1500= $36000  = 2deals per month  4.3 or 1 per week = 52*1500 =$72,000
3. Write down (or type on a document) the 12 months of the year -- one under the other.  Your Written Sales Plan. Write down a production-by-deal date for each month.  Example: Jan: $10,000 in broker fees.  This is the total income for that month's deals. Add this up for an annual total.
4. Take your annual goal and determine how many deals for the year that will require.  Simply divide the annual goal by a conservative estimate of your average income per deal.  Example: annual goal is $150,000.  Divided by average profit per deal of $7,500.   Total deals are 20.
5. Determine how many deals you need per month.
6. Determine how many deals you need each week.
7. Decide what 2 or 3 activities are most likely to get you that small number of deals per week.  Base this on where your past business has come from.  Actually list where your deals have come from for the past one or two years so you are completely accurate about sources.  The most common activities are: follow-up on current and past leads, Internet leads, ad and sign calls, open houses, calling or networking with your past clients and spheres of influence, personal marketing, hyper local marketing (farming), direct marketing, etc.
8. Take action immediately in 2011 to begin your plan.
Print the simple seven-step business plan above.  Right now, put an hour on your calendar to back through it and actually take each step.  Then do this step (B.) and put the last step (C.) into your calendar for January.  You will increase your chances of success next year by tenfold.  In fact, it will guarantee your success in 2011.
Using the 2 or 3 activities you chose in number 7 above make a list of what actions will you take on January 3rd through 7, 2011 (Monday through Friday) to put your simple plan into motion.
These actions may include making calls, reconnecting with all or last year's leads, web site work, e-mail blasts, preparing and sending your sphere of Influence mailing, previewing homes in your farm, preparing and sending your farm mailing, communicating with your pending clients and listed sellers.
Begin to Embed the Actions as Habits
Embedding a habit turns single or random actions into consistent and dependable systems.  A habit is an action that you take at the same time, on the same day, in the same place, and in the same way every day or every week.  As you perform the action consistently day after day or week after week you become better at it.  You learn how to continually improve it.
Following is the most effective way to turn your plans into results by creating the habits for those activities that ensure consistent results all year.
Choose one type of activity for each day of the week.  And first thing in the morning before you open your e-mail (same time), on the same day of week, in the same place, schedule just a half hour to do each of the following.  (You can expand the time later.  A half hour helps establish the habit.) Examples;

Monday: Call Leads Marketing New Business/ Past clients, CL
Tuesday: Advance Your Technology Weekly service Calls, Email JV’s (blog), CL
Wednesday: Traditional Sphere of Influence and Hyperlocal Marketing Prospecting. Appts. CL
Thursday: Communications with past clients Prospecting Appts. Follow Up. CL
Also Thursday: Rehearse and Improve Presentations
Friday: Strategize by looking at results for the past week and plans for the following week  I like it. Follow Up CL

Important: As you begin each day review and remind yourself of your motivation and reasons for succeeding with your note business in 2011.
There are many other activities in a investor or for your business that are hard or impossible to turn into daily habits; for example, due diligence on a “hot lead”, requesting signatures on contracts, communicating with buyers...  You will always find time for these because they demand your time.
Reaching your goals in 2011 depends on your commitment to make those "daily habits" a part of your business.  Your success or your disappointment in 2011 depends on it.
It's that simple; not easy, but simple.  The key to a strong start to 2011 and guaranteeing your success throughout 2011 is dependent on the simple planning and habits you establish as this year ends and the New Year begins.
You control it every day with your decisions.
You have the power to make it happen for you each day.
Adapted from "December's Dangerous Decisions" by Rich Levin, realtown.com
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