My Experiences and Recommendations as an Investor to help grow your Real Estate Investing business.
I have 5 Free videos for you to watch today as we kick off a BEAUTIFUL day.
These videos will show you how to become a true Transaction Engineer in today’s real estate market.
Go take a look at these 5 Real Estate videos today. They will not be available for free for long.
As entrepreneurs and small business owners, we often have many more things on our plate than we can handle.
I’m sure you have said to yourself, “If I just had an assistant that could take care of THIS”.
In fact, you may have even taken on some employees or have a virtual assistant. You probably still have things that are not getting done.
Important, but not critical tasks. Things that you know would help grow your business but you just don’t have the time to get them done.
You’ve probably debated if it would be worth it to bring on another employee or contract out the work but you might not want to go to the expense.
See, this is where we have all forgotten about something big businesses know and take advantage of.
What if you could take on an extra employee or two but not have to pay them?
That’s right, what if you could get a free employee?
Go check out this video to see how you can get your very own free employee.
No, this is not some scam and it’s not some new government program.
Take a look at what my friend Justin and his wife are doing in their business.
http://RapidReiResults.com/GetFreeWorkers
I’ll admit, when Justin first told me about this, I was thinking no way this is working. I thought he must be hiring virtual assistants from overseas. (You can get some good ones but they still cost money. )
These are Free Employees.
It’s like virtual assistants on Steroids.
Justin said that it definitely was not outsourcing to overseas firms. He told me that these are smart, well educated folks that…
Did you realize there have already been 103 failed banking institutions in the United States this year?
They always happen on Friday… so expect to see a few more tomorrow.
I have been projecting out to the end of the year that we will have at least 180 failed banks for the year.
Is that a high number?
Let’s explore it. Below is a link to the FDIC website where they list all of the failed banks for the past 10 years. It’s a little bit top heavy don’t you think?
http://www.fdic.gov/bank/individual/failed/banklist.html
I will break it down by year because I haven’t done that for a while.
Year – Number of failed banks
2000 – 2
2001 – 4
2002 – 11
2003 – 3
2004 – 4
2005 – 0 (Yes that’s a Zero)
2006 – 0 (Another big goose egg!!)
2007 – 3
2008 – 25 (UH OH!!)
2009 – 140 (YIKES!!!!)
By July 24th in 2009 – We had 64 banks shut down
This year, by July 23rd – We have had 103.
Maybe you think things are slowing down a little now?… They aren’t. You watch.
By the end of 2010, we will have at least 180 failed banks… maybe more. Here is a little more detail about this year’s stats. You will notice that we aren’t slowing down, staying pretty steady if you ask me.
Month – # of bank failures in 2010
Jan – 15 Failed banks
Feb – 7
March – 19
April – 23
May – 14
June – 8
July – 17 (None just prior to the July 4th Holiday and we still have one more Friday to go as I write this)
Do you think the FDIC is concerned about this… or about the perception of the public?
I’m going to tell you that they absolutely are. Do you remember in October 2008 when the FDIC bumped up the FDIC Insured Coverage amount for deposits from $100,000 to a whopping $250,000? That was directly related to consumer sentiment about the stability of our banking system. It was a temporary measure to increase the coverage. They had said at the time this would be lowered back down on Dec. 31 2010 – projecting the crisis would be over by then.
Guess what… they just made it permanent. Well, actually it was made permanent by the “Dodd-Frank Wall Street Reform and Consumer Protection Act” signed on 7/21/2010 by the President, see the press release below.
http://www.fdic.gov/news/news/press/2010/pr10161.html
So, who are these banking institutions that are failing? Well, they are NOT the big banks. You know, the “Too Big To Fail” banks like Bank of America, Citi, Chase, Wells Fargo. Nope, these banks all got their whopping tarp money and are making a TON of money off of zero or nearly zero interest loans from the FED.
The banks that are failing are YOUR neighborhood banks. You know, the one’s with only 2 or up to maybe 10 branches. Those are the majority of the failures. This is all getting swept under the mat on the news. Nobody is even covering it. Why is that? Do you think they are being told to “Pipe Down” about the bank failures?
This would be newsworthy in any other year. For some reason, the news media does not care about it.
Well, I have an idea for you. Go talk to your local bankers and let them know what you do. See if there is a fit for you to help them or some of their clients.
If you are a Realtor, maybe you can help them with their marketing.
If you own a landscaping company, maybe you could help them clean up their REO properties to give them some curb appeal.
Are you a contractor? See if you can do some work on the houses to make them show better on the inside or outside.
If you are out of work, there IS work to be done. I’m totally serious!
Maybe, if the bank won’t pay you upfront, you could do a little profit sharing with them or negotiate with them to get paid when they sell the property.
Or, if you have no work right now, maybe you could use one of these properties as a showcase of your talents. Create a history book of the property, what you did and how it turns out.
What if there was a way that you could not only help your local bank get out of trouble, but also help the local property owner get new funding?
There is a lot of work ahead of us all to get this economy going. Housing is a huge opportunity, but start out slow if you are just getting going.
Whether you have been in real estate for a while or are just getting started, identifying your target market or “Farm Area” is critical to your success.
Many real estate investors and Realtors alike will advertise that they can “Do it all, Anywere”.
I’m sure you’ve seen the ads. “We Buy Houses, Any Condition, Any Area”.
Well, guess what, I’m hear to tell you that they don’t really do that… at least not likely.
That’s merely a marketing campaign to get people to call you. The thinking is that if you have enough deals coming in, you will find the “Diamond in the rough” and be able to make a deal out of it. This is simply horrible advice…. here’s why.
If you don’t know what area you want to target yet, use the following site to look up date about your potential target market. Punch in a few zip codes and find housing price trends by quarter. It’s a pretty cool free site to check out.
http://www.city-data.com
Also, if you would like to be notified if I EVER have a potential deal in your area (I get many coming in from my websites that are NOT in my target market) join my real estate buyers list. I have a very cool tool that I use that allows other investors to see that I have a potential buyer for one of their deals. So, while I’m in Ohio and you might be all the way out in California or Arizona, I still might be able to help you find a deal that you had NO idea about. Many of these are likely off the radar type deals, not on the MLS. Properties that need to be moved quickly and not left to languish on the MLS. Since they need to move quickly, there are some extremely good deals available only if you get on my buyers list.
Gotta run now.
Leave me some feedback on the post below.
If you do a property launch the right way, you will build your buyers list by 100-300 buyers per launch or more. These are buyers that are VERY interested in the type of property you have to offer.
Not only that, then you have a list of buyers you can show other properties to.
This is a way to stack your property sales one on top of the other.
You have to do this the right way though for it to work correctly.
I have done several of these on my houses over the last year and it really does work.
If you would like to hear all about how the property launch formula works, you need to check this video out. It’s available as soon as you register for the webinar that we are holding on Monday.
The other real estate investors and real estate agents in your area will be left confused and not knowing what just happened right under their noses.
If you are in real estate in any capacity, you do not want to miss this video and webinar.
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?
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.
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.
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.
This guy, Doug, is focused only on one specific niche in real estate
right now and has been for the past several years. I have talked
with him several times over the past couple of weeks and
he seriously has this thing figured out down to the last dotted line.
