Man grabs $8,373 check with title co blessing

Posted by Marshall on May 26, 2010

I did not want you to miss this special closed door training session.

It happens tonight.

Click below or copy and paste the link into your internet browser to register
and get the call in details.

Better Click here NOW to Reserve Your Spot or else you might get locked out.

https://www1.gotomeeting.com/register/656407681
That’s right, this real estate entrepreneur spent 5 min filing a piece of paper
and the title company sent him a check For $8373.
These spots are going fast, and I can tell you with authority that there is no one else
teaching these techniques.

How would you like to make thousands from real estate by risking only a buck?
And how would you like to accomplish this by just letting your fingers tap dance on your keyboard?

I did not want you to miss out on a special “closed door” training session on
how to use judgments, liens and options to put some
cold hard cash in your pocket in the next 7-10 days–without Risk!

Go to the link below and get all the juicy details…

*********************************************************************

https://www1.gotomeeting.com/register/656407681

Better Click here NOW to Reserve Your Spot or else

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For the first time *ever*, we will be revealing some of the
“hot off the press” strategies for growing your cash flow right
through the roof.

These secrets are not being revealed by ANY other source.  I can almost guarantee that you will be
literally one of the *first* to find out about it TOMORROW NIGHT!

Hey listen, if you like Less Work with MORE MONEY and Less Risk- don’t miss your chance:

Better Click here NOW to Reserve Your Spot or else

https://www1.gotomeeting.com/register/656407681

*****************************************

See you on the call tonight.

To Multiple Income Streams,
Marshall

P.S.  Don’t miss this chance to learn what your competition wishes they knew.
Don’t pull your hair out saying “if only I had made the call…”.

P.P.S.  On this call, you will also discover how to get over $8,000
of real estate education for free as well!

Better Click here NOW to Reserve Your Spot or else

https://www1.gotomeeting.com/register/656407681

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26May

Can your tenant file bankrupcty again if they’ve already filed?

Posted by Marshall on May 25, 2010

If you are on my e-mail list or you’ve read my blog or Twitter posts for the past few weeks, you may have noticed I’m cleaning up from a very messy…  ahem….   separation from a former tenant.
Well, as I was trying to get the tenant to vacate the premises prior to their eviction date, I had them served with a court notice to vacate the premises or show up in court.

Had they vacated a week earlier, I could have saved them from this embarassment.

However, they chose to ignore my request and took their sweet time.  Not knowing if they would actually follow through with moving out, I followed through with filing the eviction with the court and having them served with a notice to appear in court for the hearing.

This did not make my former tenants very happy because they were served while their children were around and they had to explain what this was all about.

Then, my tenant kindly thanked me for having them served and mentioned they would be listing me first in their bankruptcy filing.  This thoroughly confused me because I was under the belief that they had already filed and been discharged prior to moving into the home I was renting them.  In fact, I was outraged.  The only reason I allowed them to stay as long as I did was because I thought I would be protected from them filing bankruptcy because they already HAD!!

Lesson learned.  I will be attempting to collect from them but I do not have high hopes at this point.  While being extremely bitter about how they left the home and after paying the initial cleaning bill which was about 6 times higher than my standard “get it rent ready” cleaning bill, I started looking into bankruptcy law a little more.

I found this article below that explains some information on bankruptcy and whether someone can file again.  Hopefully this will help some of you if you are ever put through the same type of situation.  Most people cringe at the thought of a tenant filing bankruptcy.  I know I did when she threatened me with naming me in their new filing.

Grossbart on Bankruptcy Law

Have you had a tenant file bankruptcy on you?

How did you handle it?  Feel free to leave a comment below.

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25May

Dealing with tenants blows!!!

Posted by Marshall on May 21, 2010

It’s totally true.  Well, mostly anyway.
Actually, 80% of my tenants are great.

The other 20% though will make you want to pack up and quit this game.
I’m not just talking about the slow pays either, you have to expect that to some extent.
The one’s that drive me nuts are the one’s that pay slow AND do not care for the house… at all.

My most recent eviction has made me realize that some people just do not care about how they treat you or the property you are allowing them to rent from you. It started out fine and they were the nicest people. Then something happened and they weren’t able to pay on time… then they did not tell me about maintenance issues until it was WAY too late.

Then, once the eviction was over, I got to really dig in and see the damage that they have done. I’m thinking about posting some pics to demonstrate… Look for those sometime next week. Let’s just say, this beautiful home that we almost completely rehabbed 2.5 years ago needs more than a little cleaning. I don’t normally have to rehab my rentals but this one is at least a paint and carpet rehab and likely will be much more.

So, I have really been pondering where I’m going in real estate over the past several years. I’m not planning on straight renting anymore. It does not make sense. I had a hard rule early on that I would not just rent to anyone. I let that slide while the market was soft because I wanted to get things occupied. I’m going back to lease options and land contracts/Seller financing as my main exit strategies.

I’m also looking at alternatives to acquiring properties to hold.
Thursday I’m hosting a webinar to show you an alternative to actually buying the house.
Check it out.
http://RapidReiResults.com/liens

If you are interested in discovering a secret way of making a fortune with
foreclosures…without having to buy or sell the houses?!

Then join me on this weeks training session on how to:
Start making a sizable income in 30 days or less starting with only $1.

Generate thousands per month without using credit, partners, loans or cash
And much, much more!

(Your results will be very different and you might not make a dime… especially if you don’t actually do ANYTHING with this information.   Learn it… then USE it.)

Check it out.
http://RapidReiResults.com/liens

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21May

List Your Properties for Free and Find Wholesale Real Estate Deals

Posted by Marshall on May 11, 2010

You can list your properties on our site at no charge at all.
Register for the listing service right here to get maximum exposure
for your wholesale, rehab and retail property listings.

You will be able to post pictures and embed videos for your listings as well making your listing that much more compelling.

This is a Nationwide List of properties with investors and retail buyers looking at it across the U.S.

http://rapidreiresults.com/mkt

Once you confirm your e-mail address so we can keep you posted on developments with the website, you will be redirected to the link to post your property.

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11May

Commercial Foreclosures and Commercial Short Sales in Real Estate Investing

Posted by Marshall on May 4, 2010

I have been writing a great deal over the last few months on my blogs about the current trends in the commercial real estate market.

With the pressure the banks are having placed on them by regulators, they are having to force their borrowers to pay off their loans. This is known as “Accelerating the Loan” in commercial real estate. You can imagine the trouble this causes for the owner of a property.

These may even be performing notes. The problem is caused by the bank looking at their current loans and trying to figure out how they can generate enough capital to get their reserves where they need to be to satisfy regulators.

I guess they feel like if they have a performing note, it is more likely they will get paid off in full if they accelerate that note. To some degree this makes sense. However, for the borrower, this creates a major problem. With lending being as tight as it is all over the place right now, even a performing property may have trouble refinancing.

Admittedly, I’m not a commercial real estate expert.   I have studied it from some of the best trainers out there.   I also network with many people in the trenches every day. What I have learned is so much more exciting to me than residential real estate.

One thing is clear, you need a team behind you if you are going to get into commercial real estate. You should also take the time to learn as much as you can WHILE you are also looking at properties.
Don’t get paralysis analysis, it’s not good for you. :)

Get out there and start looking.
Find a commercial real estate agent in your area, start looking on Loopnet.com and start looking for distressed properties in your area.

Other ways to start finding properties:
1) Look on Loopnet
2) Talk to your local banks (you will need to build a relationship here)
3) Contact a commercial real estate brokerage (Again, relationship building)
4) Go to your local REIA Meetings
5) Contact your local Apartment association
6) Find a meetup group near you
7) Call smaller apartment and commercial property owners to network with (tell them you want to get into the business and ask if you can buy them lunch)

People LOVE to talk about their passion and you will learn a ton from people in the trenches.

If you want to learn more, register for my Commercial Foreclosure and Short Sale Newsletter group. I have a video that a few of my associates put together this week.
It will show you what they are doing to find commercial real estate foreclosures and short sale properties.
Click here to register for my newsletter and I will send you the details for the video.

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4May

Where is Commercial Real Estate heading?…

Posted by Marshall on May 3, 2010

If you watch any news at all, they are telling you that the economy might be turning the corner.

Well, even if it is, commercial real estate is going to lag the overall economy.

It will be interesting to see what happens in residential real estate over the next 3 months now that the First Time Home Buyer tax credit has expired.

I found this article today while doing some more research on the trends in the commercial real estate market.

It was posted in the Wall Street Journal almost 1 year ago.

“Local Banks Face Big Losses” and spells out some of the challenges local banks are having.

I will be on an informative webinar this Thursday to discuss some of these challenges.

If you are interested in hearing how you can be part of the solution to the commercial real estate foreclosure challenges, go to my sign up page here.

I will send you the webinar registration page on Tuesday, Wednesday or Thursday depending on which day you see this and sign up.  :)   See you on the webinar.

This will be powerful and very informative.

Click Here to sign up:

http://RapidReiResults.com

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3May