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Foreclosure Investing: Persistence Pays Off

We’re currently working on a short sale for a property on which the owner hasn’t made a payment since February of 2008. (Yes, the banks CAN take that long to foreclose!).

There had been a few offers along the way, but they were either refused by the lender or the Realtor® she was using didn’t know what to do in order to get the deal closed. In addition, the lender is AHMSI, who is difficult to say the least.

Offers came and went because the bank simply didn’t respond. When we finally got involved, we moved right up the chain of command, contacted the Attorney General for the State of Florida and a few other agencies. Amazingly enough, we got a reply within a few days. Continue reading

5 Steps to Absentee Owner Marketing Profits

The truth of the matter is that working with absentee owners is one of the easiest markets in real estate.

There are essentially only 5 steps you need to take to be successful with absentee owner marketing:

1. Determine Your Absentee Owner Lead Source.
There are a number of places that you can find absentee owner leads. Ultimately, the success of your campaign comes down to finding accurate leads and the right type of leads. In other words, you don’t want data that’s 2 years old. It needs to be up to date and current within the last 3-6 months. Continue reading

Why Absentee Owner Marketing?

There are 5 reasons NOW is the time to really look at absentee owners as your primary method of finding sellers – with equity.

But before we get into the reasons why absentee owners are a great market right now, it’s important for us to define absentee owners in the manner in which WE discuss it for purposes of this article and in our Absentee Owner Marketing training.

For our purposes, when we refer to “absentee owners”, we’ll be referring to owners of real property whose mailing address is 50 miles or farther away from the subject property.

Let’s look at the top 5 reasons absentee owner marketing is ripe for the picking RIGHT NOW. Continue reading

Getting Started In Real Estate Investing

Real estate investing is really simple if you simply follow the basics. The problem is that we have the tendency to complicate things more than they really need to be AND that we over-think things too much. We get “too much” specialized knowledge that it begins to cripple us from ever getting started in real estate investing.

When I started out in the business, I made a commitment that I had to implement at least one thing from any home study course I purchased, event I attended, or book that I read before I could buy something else.

You see, we all tend to keep looking for the “magic pill” to riches in real estate and no such thing exists. You need to actually take action and apply the specialized knowledge that you are getting — not simply go from strategy to strategy, never actually implementing anything.

In addition, when you take this piece meal approach to getting started in real estate investing, you often get contradictory information, which makes you start to question if a strategy will work. Continue reading

Remembering 9-11

Like most Americans (and many non-Americans around the world), September 11th is a day that you’ll always remember as if it occured only yesterday. On that day, I finally understood the stories of my grandparents about major events that had happened in their lives and that had transformed America. If you were alive on September 11, 2010, it is a day you’ll never forget. You’ll always remember where you were, who you were with, and the emotions that you felt as hours passed.

I was sleeping at the time the first tower was struck. My friend, who was a teacher, called me to tell me the news. I didn’t answer the call.

Minutes later, another friend called. This time, I did answer the call because I knew that if she was calling, something serious must be going on. I was groggy when I picked up the phone to her frantic questioning, “Are you watching tv?” “Do you know what’s happened?”

I did not.

So, I quickly jumped up from bed and turned on the television. It was perched atop a shoe rack because I’d just recently moved in and didn’t have all my furniture. I stood about 3 feet in front of it, just watching… confused, concerned, and unsure what exactly was going on. Continue reading

Probate Investing Lunch & Learn

Here’s some of what we covered in this 60-minute webinar:

  • How you can not only buy a property that’s in probate, but also WHY people NEED INVESTORS in many cases to close out the estate…
  • 3 important pieces of information you need to get when you talk to the seller…
  • How to pay less for deals than other investors by knowing this critical process…
  • The marketing timeline for probate – and who you need to be talking to in your marketing…
  • And much, much more…

Selecting the Right Structure for Your Business

Without a doubt, the single biggest question that I receive as I travel the country and meet with clients is this: which is the best entity?

While it is indeed the most common question I’m asked, it’s also the hardest to answer. The reason for that is that I don’t think that there is a “best” entity. You see, some entities will give you certain benefits that aren’t available through other entities from a tax standpoint. At the same time, these entities may not offer the same benefits as another type of entity from an asset protection standpoint. Additionally, they may not offer the estate planning benefits offered through Continue reading

Training Programs

The Real Estate Training Academy has a variety of training programs to help real estate investors of all levels of experience.

Masterminds and Mentors

I want to shift gears here for a minute and talk about the personal side of this business. The tactics and strategies can only take you so far.

I remember back when I got into real estate with no money and very little confidence. I was afraid of rejection! I was afraid of what could go wrong. I had amassed a great deal of knowledge from the books I’d read, but no practical application to fall back on.

I started on a dream and a hope that this would work. When I began, I was ending a relationship and basically without a place to live or money to move. I dove head first and hoped for the best! I had no idea what was going to happen. Continue reading

Getting Started in Real Estate

Real estate investing is really simple if you simply follow the basics. The problem is that we have the tendency to complicate things more than they really need to be AND that we over-think things too much. We get “too much” specialized knowledge that it begins to cripple us.

When I started out in the business, I made a commitment that I had to implement at least one thing from any home study course I purchased, event I attended, or book that I read before I could buy something else. You see, we tend to keep looking for the “magic pill” to riches in real estate and no such thing exists. You need to actually take action and apply the specialized knowledge that you are getting — not simply go from strategy to strategy, never actually implementing anything. Continue reading