Rapid Real Estate Investing Results

This is a follow-up to yesterday’s post.

I mentioned we would likely be at 60 failed banks before the end of today.

Well, it’s 5:10 as I write this and we are already there.

Three banks in Puerto Rico were closed by the FDIC today right out of the gate.

Who wants to wager on the total before the day is out?

Listen, I take no pleasure in the demise of our banks.
I merely write this to bring us all back to reality.

The economy may be “Turning the corner”, but we still have MAJOR problems

in our banking industry and lending environment.

What can you do to help the situation?

Browse around on my site… look at yesterday’s post

Real Opportunities are in Commercial Real Estate Investing and Lending Right now.

Leave me a comment below.

Technorati Tags: Failed Banks, real estate investing

Over the past year, we saw 140 banks close down in 2009.
This year we already have 57 failed banks as of April 23rd,
just before the end of the first 4 months of the year.
Rest assured, tomorrow there will be more.

So, if we can assume there will be at least 3 more tomorrow,
that is 60 for the first four months of 2010…
1/3rd of the way done with the year.
Extrapolate that out for the year and we will exceed the number
of failed institutions from 2009 by 40 banks!!
That is a pretty big jump.

OK, so you argue we are in a recovery now…
Not so fast. Commercial real estate and I believe
residential mortgages are still going to continue to default.
These things don’t just stop because the new
unemployment filings are down for the past two weeks.

There is a big log jam still waiting to break free.
The biggest of which is in commercial real estate.

The failing institutions are not the too big to fail Wall Street banks.
Nope, these are your neighborhood banks and smaller regional banks.

The government is NOT going to prop them up.
They shut them down and transfer the assets to another, seemingly stronger institution.
Further consolidating the banking industry and making it less personal when you go
to the teller window. Oh, you don’t go in there anymore.. try it sometime.
See the difference between a local bank and a large regional bank… but I digress.

I am going to be holding a webinar with an expert in the commercial real estate foreclosure and short sale niche. This is actually going to be a series that we’ll be doing over the next couple of months to get you prepared to take this head on… with a team behind you.

Let’s help those local banks not get swallowed up and spit back out by the FDIC.

Let’s help local businesses and commercial real estate investors with their troubled loans.

Let’s become the savior in our own communities for these troubled folks and help as many people as we can.

I leave you with one of my favorite quotes from Zig.

“You can get ANYTHING in life that you want… if you will just help enough OTHER people get what THEY want”

How does that sound?
Ready to get busy?

Click this link and on the following page, put your e-mail address in the sign-up form and let’s rock!

Technorati Tags: commercial real estate, investing education, real estate investing

Do you even have a website?

What percentage of visitors are opting in or calling you based on what they see on your site?
Any idea at all on the numbers there?

Are you even monitoring the number of visitors you get to your website?

For the past four years I have been using websites in my REI biz. This truly set me apart in the early days as most investors did not have a website for their properties. These days, it is less common for someone NOT to have a website and your customers expect it.

Regarding traffic, initially, I just went by what my internal website stats were telling me about visitors. While that was OK at the time, it did not tell me enough about WHERE the site visitors were coming from.

When I needed more information, I turned to using Google Analytics. This shows me how many visitors are coming directly to my site by typing it in or clicking a link in an e-mail, vs search engine visitors, and other sites they may find a link on. To be sure, there are a number of other programs you can use to monitor website traffic, however, start with Google Analytics. It’s free and pretty easy to setup.

Over the past couple of years I have been studying a great deal about Search Engine Optimization and Traffic generation techniques. Yes, that probably does make me a bit of a tech geek. I have a natural tendency to go in that direction though because my background has always been in IT work.

Recently, I have taken on a few clients locally to help them with their websites.
Here are some of the ways I may be able to help you.
1) If you have a website but need more traffic.
2) If you don’t have a website at all and just want something easy to call your own.
3) If you need help getting setup with an AutoResponder series to help retain visitors and keep them coming back to your site and eventually become customers.
4) Even if you just want to post your properties to a site to get them more exposure. The more sites you have your properties on the better. I have a couple of free sites you can post your properties to.

My personal consulting will be a limited opening though as I only have so many hours in the day.

Also, if you just want some great Search Engine Optimization techniques, go grab this free interview on my other website.
http://RapidMktResults.com

You can do much of this work yourself, or you can hire it out. Be careful who you hire though and make sure they understand exactly what it is you are trying to accomplish.

Shoot me a message and let me know what you need help with.
I have been through several different real estate related website systems through the years and can help you get yours setup or setup a custom site for you.

Technorati Tags: investing education, real estate investing

Well, as I write this, the deadline for the Home Buyer tax credit is looming over us with just a few days to go.

I think we will still see some increased activity over the next week, especially this weekend regarding property hunters trying to secure a contract so they can get their Obama money.

However, I think activity is going to drop off in May significantly.
Springtime is usually a pretty hot time for home buying activity.
Most of the buyers that would have been looking in May and many from June are being pulled forward into the month of April.

Why wouldn’t they?
1) You have the opportunity to get a $6500-8000 credit from your government to buy a house, why would you wait?
2) Interest rates are still at historic lows and that will not last too much longer.
3) There is a bunch of inventory for people to look at, especially if they don’t mind buying a somewhat distressed property.

If you want to sell one of your investment properties and get that tax credit as the downpayment, you need to check out this webinar I did a few weeks ago. He can still get all of the materials to you overnight and you could have this working on ANY property you want to sell… even if your buyer doesn’t qualify for a loan at a bank.
Get the details here.
http://rapidreiresults.com

Keep in mind, you only have to have a contractual agreement with your buyer by the end of April. I’m still working on a few of my tenants to see if I can get a contract signed by the end of April. As long as it is executed by the end of June, they will still get the credit, which will be given to you as their downpayment.

You need to know exactly how to do this though so you don’t have the transaction disallowed by the IRS.
This explains what you need to know.

http://rapidreiresults.com

Disclosure: The webinar provides a solid base of information for you to run with. However, if you want to pay for the whole package, my company will likely be compensated for sending you over there.

Technorati Tags: real estate investing

While our U.S. Government may be misguided in some of it’s programs and re-distributing the wealth ideas, some of the programs still make enough sense to pursue them.

Many big time commercial real estate investors have used government grants and loans to build ENORMOUS commercial real estate empires.

If you would like to hear about some of these programs and what YOU might be able to do with them, enter your e-mail in the form below to subscribe to my free “Government Grants and Funding Solutions” newsletter.

Over the next several weeks, I’m going to be gauging how much interest we have. Once I know that, we will finalize the schedule for a private, free webinar with THE top Government Grant getting expert I know.

So, make sure you sign up for the newsletter and I will keep you updated on our progress.

P.S. If you don’t sign up, you will likely not be reminded about the webinar once it is scheduled. Then you’ll be sitting around one day thinking, “Man, whatever happened with that government grant webinar I wanted to see”. Come on, you don’t want to miss this!

 

Email:

We respect your email privacy

 

Technorati Tags: government funding, real estate investing

We had an EMERGENCY webinar several weeks ago.
Did you miss it?…

Why was it an emergency? Because, if you don’t know how to do this, you are going to miss out on this VERY short lived opportunity. This is real.
It has a REAL deadline, set in stone by Congress and our President…
Now, we are really down to crunch time…

Can anyone really do this?…

Yes… absolutely!

Even if you have absolutely zero experience in real estate or have never done a single deal and don’t have the slightest clue where to begin you need to hear this information. We did the webinar live several weeks ago… but, we are bringing it back because this program expires very soon.

If you DO have experience buying and selling (or trying to sell) houses, you MUST get on this encore call. I just personally did this on two of my houses and sold one in about 2 weeks…. converted the other one from lease option tenants into real buyers.

I have good news for you though. If you missed the webinar the first time around, enter your name and your e-mail address below to get signed up for our encore call.
We have it setup for you right now.

If you are struggling to find buyers or to finally make money in real estate, you’re definitely going to want to hear what Tony has to say…

Why?

You see the reason most investors fail is simply because they are afraid to take action because they are afraid that they can’t sell the property quickly!

I get that.

Buying houses has never been easier than it is today, especially for those that understand how to buy creatively, without bank loans or writing huge checks.

What if you could learn how to actually have the I.R.S. help fund the deal for your buyers and you won’t need to get your buyers qualified?

I know Tony is doing that today, in this market, and selling his houses in days, not weeks or months, at full retail price, with No Contingencies….

I don’t want you to miss your chance to finally make money in real estate. Because on this webinar Tony and I will take you by the hand and show you how to get your own Investor Stimulus Package…

So… go check it out.

Do you want to grab some of the cash that the Obama Administration is literally handing out?
Due to the time sensitive nature of this information, you don’t even need to schedule this. We were able to get an on-demand recording setup for you.

Tony and I will tell you how he is doing it!… Just sign up below for the encore webinar.
As soon as you confirm your e-mail address, you will be taken straight to the webinar.

By the way… The Investor Stimulus Package
is designed for ANYONE to have success in real estate…

You DON’T need to know any real estate jargon

You DON’T need to have money to advertise

You DON’T need to have any technical know how

You DON’T need to have “connections” in real estate

You DO need to be on the Webinar!

Disclosure: The webinar training is totally complimentary. However, if you decide to purchase the course from Tony, he will pay me a commission for the sale. This will not affect your pricing AT ALL. In fact, you are getting a better deal than the general public on this product because I beat Tony up on the pricing for my list. I will also include some bonuses if you purchase the Investor Stimulus Package, just e-mail me your receipt.

Technorati Tags: First Time Home Buyer Tax Credit, real estate investing, tax credit

I’m sure you are aware of the First Time Home buyer
tax credit expiring…

It’s also for folks that already owned a home in the recent past…
(The maximum a recent owner can get is $6500)

This program goes away at the end of April.

Were you aware that the next 2.5 weeks are going to be crazy with
people scrambling to try to secure a home so they can get their credit?

After all, it’s up to $8000 and that is a CREDIT not a deduction.
That means, even if they owe ZERO in taxes, they will still get the
tax credit money.

How would you like to get that money funneled into your pocket while

helping someone attain their dream of homeownership?

You could go out and purchase a property this week or next and still get
that property under contract with your buyer before the credit expires!

This could be the easiest way to make a $6000, $6500 or even up to $8000+
pay increase in the month of April
(Well, you’ll have to wait on the IRS, but still!)

Were you also aware that you can do this type of deal with your
current tenants?

Did  you know you can do it with them or anyone else even if they
have credit issues?

I did a webinar with a friend of mine several weeks ago where we
discussed the ins and outs of the program and how to get YOUR
stimulus.

I asked him today if we can rebroadcast the webinar because so many
people are trying to learn how to do this before the program expires…

and he agreed to post it again.

So, sign-up here with a valid e-mail address.

As soon as you confirm the e-mail address, you will be forwarded over

to the webinar recording.

Email:

We respect your email privacy

Then, just click the play button on the recording to
start viewing.

Since this is so time sensitive, go watch it right away and see how
you can incorporate this into your business model immediately….

before the credit expires.

While the previous credit was extended, I do not believe it will be
extended again.
Many industry experts agree that it likely will NOT be extended either.

So, you better jump on this now.
This is not some BS marketing scarcity technique.

It’s a law and it goes away in about 2 weeks.
Get on this now and figure out how to do these deals right and not have them blow-up
in your face.

Technorati Tags: First Time Home Buyer Tax Credit, investing, investing education, real estate investing

Finding buyers is the key to being successful today.

You can’t just stick a sign in the yard and expect to get ANYONE to look at your property.

Knowing how to attract the highest number of qualified buyers is essential.

If you are looking to wholesale a property, you better find your buyers first and find out what areas they are interested in.

I posted an article on my blogspot site over the weekend.

Follow this guide to locate as many buyers as you can BEFORE you go and buy a property that you want to resell quickly, whether fixed up or just to wholesale to a rehabber.

http://realestateinvestingresults.blogspot.com/2010/04/top-five-ways-to-find-wholesale-buyers.html

Some people ask me why a rehabber would ever want to buy from a wholesaler.

It simple….  They don’t want to have to find and negotiate the deal.

Many of the properties you can wholesale are not profitable for an agent to market.

If a house is only going to sell for $10,000, the agent is only going to make maybe $300.

Not much to put effort into.  So, many agents these days are actually buying the properties dirt cheap then reselling them as principals in the transaction which allows them to set the price higher than they bought it for.

You can “PreHab” a property to add value to it for the rehabber.

How do you “PreHab”? This is the act of doing some of the clean up work so your potential rehab buyer is not walking into the giant mess you have found.  They want to be able to see the potential and it’s tough to do when the house wreaks of cat urine.  Think of wiping the canvas clean so your rehabber can see the bones of the property.  If you have very little money, just get the garbage out and clear up the yard.

1. Clean out the property.  (Get a dumpster and hire someone to go in and clear all of the nasty carpet out.  If drywall needs to be replaced, tear out the old stuff.
2. Clear out the exterior.  Pulling out or at least trimming overgrown bushes can REALLY make a big difference.  Think curb appeal.

You might think that the professional rehabber would be able to look past these items.

They can and will, but guess what, if those things aren’t done, the price tag in their mind goes down.
Spruce it up then invite your rehab buyers over for a look.

To your success,
Marshall

Technorati Tags: Wholesale real estate

Property Tax and Escrow tip…
Here is my tip of the week for you.

I have a fairly new house that I bought straight from
a builder back in 2007.
Originally intended to sell it on a lease option
and had someone already signed up for it before
purchasing the home.

Well, the guy was transfered out of state
before he even moved in.
So, we tore up the contract and I refunded
his option fee.

It was the right thing to do.

However, that house has been a tough pill
to swallow for the last year.

As you may know, when you build a new house
the property taxes are based on the price paid for the lot.
They are not readjusted for at least 1-2 years AFTER
the home is completed.  At least that’s how it is in Ohio.

Well, I thought I already took the big hit on my
escrow payment last year, as it went up by nearly $300.

Not cool at the time but the property still cash-flowed so
I didn’t pitch too big of a fit since I knew it was coming.

Since then, I sold the home on a land contract and based
most of the downpayment on the First Time homebuyer tax credit.

A great deal by the way and I highly recommend it to help find
a buyer quickly.

If you need a resource to learn how to do that program,
shoot me an e-mail and I’ll send you some info.
(You only have until the end of April to take advantage
of the tax credit as an incentive.)

But I digress…

About a month ago I received my newest escrow analysis
from my lender.
Guess what, my payment is going up by ANOTHER approx $225/month.

Ouch!!! That is going to cause me to have negative cash flow
on that house.  To quote Michael Scott, “Nope…Don’t like that…”

What do I do now?
Actually, 3 things could happen here.
I can go back to my buyer and adjust their escrow payment.
I can pitch a fit with my bank but they aren’t going to help much…
I can go bitch at the auditor’s office and try to get them to lower
my property taxes.

Or… a combination of all three.

Here is my game plan.
1) I will go back to my buyer because I clearly stated
in the land contract that this might happen.
However, that is NOT going to be my first step.
I will likely warn them this weekend about it but I will not give them
any firm numbers.  I will probably tell them the current number
but tell them I’m going to do everything I can to get that number down.

2) I did call my bank and was a very nice, but confused guy for about 30 minutes with them. (I actually was confused because I couldn’t understand how they so grossly underestimated last years taxes to put me like $1600 behind in the escrow account).  After my lengthy discussion, I managed to get them to agree to allow me to make it up over two years instead of one year.  That will cut the increase in half, so that will help.

3) I will try to call the auditor’s office, but I sort of missed the deadline for that.  Usually they cut those off in February or March.  Oops.  I will still call, as they may have some provisions to allow for exceptions with our current economy the way it is.

4) I am going to coach my buyers into how they can improve their credit score more quickly and get them qualified for a loan faster.  That will get this deal closed quicker and give me the bigger payday faster.

I have about $40,000 of equity tied up in this deal right now that would be better off used elsewhere.    Still taking a hit profit wise, but I will not take a loss on this house because I bought it right… sort of.  I bought it with enough profit… but clearly not with enough cash flow.  Otherwise, I would not be in this situation. 

My big lesson here for you is, when you have a problem come up in your business, map out who is involved and what ALL of your possible solutions are.  Then, go down your list one by one and start negotiating.
You never know what ANYONE is going to say until you ask.  That is why I will be calling the auditor’s office on Monday.

Back to the cash flow topic.
I have decided that I will not be focusing my efforts on single family homes going forward.  Actually, I decided that about a year ago and have laid off them completely.
I’m only looking at multi-family properties where the cash flow is higher and I can more easily afford a property manager to take over the daily crap that I don’t want to do.

I have always known that this was the area of real estate I wanted to focus on, but felt I needed to build up a single family portfolio.  Well, I’m busy trimming that portfolio down a bit now to free up cash and get less headaches. I’m subsequently boosting my efforts in the multi-family and small commercial markets where I can leverage my time and money MUCH more efficiently.

That is why I’m so interested in the Student Housing market.
It offers much higher cash flows in the right markets.
This is not something I’m going to just jump in blindly though.
I’m learning everything I can.
If you are interested in jumping into that niche, Doug Fath’s coaching program is closing down tonight from what I’ve heard.  In fact, he only had about 19 spots left earlier today.

They already had their first coaching call yesterday.
If you don’t want to be left out of the coaching program,
go check it out here.

http://rapidreiresults.com

Not only that, he has a way for you to get in for just $299 today.
That will give you a chance to get in if money is tight right now.
Start learning the program and earn some money in it.

Have a great Easter weekend if you celebrate Easter.
If not, have a phenominal weekend with your family and friends.

To your success,

Marshall

P.S. Don’t forget about the guaranteed funding Doug has for you
(if it’s still available), the iron clad lease agreement, and the
opportunity to wholesale your deals to Doug’s network of buyers.
What more could you ask for in a coaching program?

http://rapidreiresults.com

P.S.S If you have been looking for your shot to really make it big
in real estate, perhaps this is why you joined my list.  THIS might
be your shot… will you take it?  At least go check out those
videos before he pulls all of them down.  I hope I got this to you
soon enough and that you didn’t already miss them…  If you did,
I’m sorry.
http://rapidreiresults.com

Disclosure: I am an affiliate for Doug’s program.  I firmly believe
in this program and it gets my highest recommendation.  I do NOT
recommend products lightly.  This is a niche that I feel very
strongly about myself and thought you might be interested as well.
It’s clear to me that Doug knows what he is doing and this program
is strong.  With that said, if you decide to purchase Doug’s
program through my link, I will be compensated for the referral.
Regardless of whether you buy it or not, you should check out the videos (If they’re still available) and learn from this guy.  He is the real deal.

Technorati Tags: Wholesale real estate