Here is why the Property Launch Formula is the best way to build your buyers list

Posted by Marshall on July 9, 2010

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.

Go to this link right now to learn all about how to build your buyers list fast, sell your property fast and get top dollar for it while doing so.

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.

http://rapidreiresults.com/mkt

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9Jul

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

Top 5 Reasons YOU Need a Website For Your Real Estate Business

Posted by Marshall on March 15, 2010

1) Project a more professional image to customers
2) Have a place to showcase your properties
3) Ability to capture leads and track where they are coming from
4) Develop a relationship with your potential customers
5) Have a 24 hour salesperson to help promote your business

Join my newsletter and find out how you can do all of the things listed above, plus a whole bunch more!

Also, check out the system I’m using in my own business at the link below.
http://rapidreiresults.com/openroad

Disclosure: Just so we are clear, that is my affiliate link above. I believe so strongly in what this company has to offer that I have become an affiliate to help promote their product. The more users we have on the system the better it is for everyone. If you eventually decide to purchase through that link above, my company may be compensated.

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15Mar

3 More banks closed on Friday

Posted by Marshall on March 13, 2010

Well, if you read my post from early Friday, you will see I was shocked to find that the FDIC closed a bank on Thursday.

I honestly have not seen that happen since I started tracking the bank closings more than a year and a half ago.
Well, there might have been a couple, but it would only be caused by a Friday holiday, and then I don’t even remember if there was one.

So, I half expected there to be either a really big bank closing Friday with a few billion $ in assets, but there were 3 smaller banks that were closed.

Nevertheless, we have now totaled 30 bank closing on the year and it is very early folks.
At this rate, we will definitely beat last year’s total of 140 bank closings.

If you want to see the list, just search for “FDIC failed bank list”
You will likely see the link at the very top of the rankings on your favorite search engine.
They have the list since 2000 right there.

Keep an eye on these closings.
If I were you, I would look to see if any have occurred somewhat near your farm area where you buy and contact the acquiring bank.
Let them know you are interested in their REO properties.
Sometimes you will be able to get direct access before they turn them over to a realtor.
It just depends on how motivated the bank is to get rid of them.

Anyway, happy and profitable investing.

By the way, do you want to see what the only niche I know of in real estate investing that over the past 2 years has actually increased in value?
It’s crazy too, around 30%.

Sign up below and I’ll send you to the video.

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13Mar

Your Team IS Your Deal

Posted by Marshall on January 23, 2010

By: Sean Carpenter

You have found your perfect deal. Now you are looking for a government grant or program to help you out.

This all requires a great team. Who is on your side?

My most common response to many who ask the question is that make sure you have a lawyer and accountant who know more than you.

Don’t get into a position where you need to educate your vendors.

Having a quality lawyer can get your deal closed that much quicker, while having a quality accountant can make sure your finances are in order.

A few questions for your potential staff:

Are you familiar with Government Financing?
Have you closed any subsidized transactions?
Do you know anyone from the allocating agency?
At least 2 of the three questions should be “yes” and should help you to make an informed decision. You may also want to inquire about the program you are seeking as well.

Count it as a bonus question!

Sean Carpenter is the nation’s leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I’ll be offering an encore webinar of a special interview with Sean coming up on Wednesday, February 24th at 9:00 PM EST, 6 PM PT where I’ll be asking him about what’s involved in getting funding for your deals courtesy of Uncle Sam.

Find out more and pre-register for the call by entering your name and e-mail address below:

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Material Connection Disclosure: If you click on a link on this website, you may be using an affiliate link. This means I may be compensated if you purchase something from the company on the other end of the link.

Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and inform you of my experiences from Real Estate Investing. I can’t possibly know your financial situation or whether you will have the ability, motivation or determination to put forth the effort that is required to put a system or idea in motion to profit from it.

Before embarking on any business venture, you should consult with your financial advisor, accountant, lawyer and other professionals to help you determine if it is a worthwhile venture and to discuss the risks. I make no claims about how much money YOU will make with any of the information shared here on this site or any other website or e-mail that I may send you.

As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
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23Jan

Why Buying and Holding Isn’t The Same Anymore…

Posted by Marshall on January 21, 2010

Guest article written By: Sean Carpenter

Are you finding deals are getting tougher to close with the new restrictions banks are pushing on applicants?

Is it taking longer to get a deal done? Have you stopped looking for new projects to acquire?

The last year has been a very difficult period in real estate history. Some markets have declined upwards of 50% in value with no light at the end of the tunnel. Not very good news if you started your “buy and hold” in 2007, but will certainly work better for you now in 2010 as you pick properties up for a fraction of their price two years ago.

Not to mention cap rates are heading into the two digits in larger metropolitan areas. For some, this is an area of the market they have never experienced.

So what can we do to get some of these declining assets?

The banks that were lending up to 125% a few years back have either left the market or cap an acquisition at 70% loan to value. The remaining 30% is up to the investor. But raising the 30% slows down transactions and your friends in Congress have attempted to help.

In July 2008, the President signed the Housing & Economic Recovery Act (HERA), which among other things, provided $4.5B to all 50 states, some territories like Puerto Rico and the Virgin Islands, and the District of Columbia, to combat neighborhood declination by foreclosure.

These funds, known as the Neighborhood Stabilization program, were supposed to help investors, both for and non-profits, buy and rehabilitate foreclosed buildings in order to prevent the stable households from losing too much value. In February 2009, Congress added an additional $4.5B to the program, now known as NSP II, to further carry out the NSP mission.

This is nothing new. The federal government has been investing in real estate for years, at least since HUD was conceived during the Johnson administration in 1965 as part of the Great Society initiative.

HUD allocates through the individual States and territories upwards of $20B per year to facilitate economic development and housing activities. Additionally, many states have programs of their own that can match federal funds in addition to over $5B in tax credit programs available to stimulate acquisition, rehabilitation and new construction of real estate projects.

Buying and holding certainly isn’t what it used to be, but now the government wants to help you out more than ever. You just have to know WHERE to find the money and HOW to get the funds.

Sean Carpenter is the nation’s leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I’ll be hosting a special interview with Sean coming up on Wednesday, February 24th, 9:00 PM EST. Find out more and pre-register for the call by entering your name and e-mail address below:

UPDATE: Since this webinar was a few weeks ago, if you register below, I will send you the encore webinar information as soon as you confirm your e-mail address.

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Disclosure: If you click on a link on this website, you may be using an affiliate link. This means I may be compensated if you purchase something from the company on the other end of the link.

Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and inform you of my experiences from Real Estate Investing. I can’t possibly know your financial situation or whether you will have the ability, motivation or determination to put forth the effort that is required to put a system or idea in motion to profit from it.

Before embarking on any business venture, you should consult with your financial advisor, accountant, lawyer and other professionals to help you determine if it is a worthwhile venture and to discuss the risks. I make no claims about how much money YOU will make with any of the information shared here on this site or any other website or e-mail that I may send you.

As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
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21Jan

FHA Waives 90 Day Seasoning Rule

Posted by Marshall on January 17, 2010

This is great news!
While I’m not an attorney, the legal speak in the pdf below tells me that FHA is now going to allow a buyer using FHA financing to purchase it even if the seller has not been on title for a minimum of 90 days.

http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

The 90 day seasoning rule was instituted to try to keep “Illegal flips” from occuring. I have “illegal” in quotes because it is only illegal if someone is committing fraud by getting an appraiser to appraise the property for MUCH higher than the real value of the property.

This is totally illegal and I’m pretty sure you can be put in jail for that. Again, I’m not an attorney so don’t take my word for that.

However, the way most of these transactions are happening is this. An investor purchases a property either from a bank or from a homeowner in distress at a substantial discount because of the distressed situation.

Banks do NOT want to spend money to fix up foreclosed homes.

Homeowners that are having trouble making house payments do not want to make repairs either. They are struggling just to pay their bills.

Why would they continue to repair a home they are likely going to lose in foreclosure anyway?

So these properties NEED an investor buyer to step in and buy the home and rehab the home back to move-in ready condition.

Well, in these times of tight credit, it’s next to IMPOSSIBLE to get a decent rate on a long term loan for an investor. So, rather than holding the property as a rental, the investor fixes up the home using high interest loans.

The investor then turns around the property and finds an end buyer that wants to live there. Typically, the end buyer still gets a really good deal on now an updated home rather than a distressed property.

Well, when FHA decided to implement the 90 seasoning rule, that eliminated a TON of buyers, especially first time home buyers that typically rely on FHA programs to get in with low down payments.

They don’t typically have extra money to fix up a home.

So, I welcome this change for everyone involved. It is going to speed up the acquisition of these distressed properties because now the investor will have an easier time finding a buyer.

What do you think of this plan?
Leave some feedback below.

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17Jan

The last of the “No Money Down” loans…

Posted by Marshall on December 28, 2009

Most everyone thinks that there is NO WAY to get a “No Money Down” loan.
Well, there are still a few programs out there that offer either low down payments or in the case of the USDA rural development program, no money down.

If you are an investor, you can’t use these loans to purchase investment property, however, if you have a property you need to sell, this is a great way to open it up to more buyers.

Check with your local lender to find out if the home qualifies. It must be located in a “Rural” area as defined by the USDA.

There are several requirements that a buyer needs to meet including income limits and total debt limits, but this is a great program to help more people afford a home.

http://www.rurdev.usda.gov/rd/pubs/pa1501.pdf

Check out the requirements at the link above. Be patient, it is a slow download because the PDF is filled with several pictures. You may be able to find out if your property is eligible by visiting the link below, but you should also verify with a local lender or your local USDA field office.

http://eligibility.sc.egov.usda.gov

http://www.rurdev.usda.gov/rd/pubs/pa1501.pdf

The loans are attractive to lenders because the government is guaranteeing them. In fact, the Freddie Mac website even has a description of the program to encourage lenders to offer the program. See their description below.

http://www.freddiemac.com/sell/expmkts/guarrur.html

Kick off 2010 with a bang by learning this program.

By the way, if you would like to learn more about ways to increase your real estate investing business in the new year, sign up for my "2010 Investor Webinar Series".

See the post below for more information or just enter your name and e-mail address below and I will immediately add you to the notification list.
http://rapidreiresults.com/wordpress/?p=382

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28Dec

Short Sale Real Estate Investing Basics

Posted by Marshall on October 29, 2009

These are some basics on short sale investing that I put together because people keep asking me what a short sale is. Once they understand what it is, they want to know how best to go about working on a short sale home and how to determine if a home is even a candidate for a short sale. So, I decided to put together a list of things you will need if you are getting into negotiating short sales.
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Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and help educate you with my knowledge and experience from Real Estate Investing. As always, before embarking on any business venture, you should consult with your financial advisor, accountant, lawyer and other professionals to help you determine if it is a worthwhile venture and to discuss the risks. I make no claims about how much money YOU will make with any of my information. As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
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You need to be prepared for the calls and e-mails you will get. You need to have a property information sheet to gather the correct info on the property. You are going to get calls from underwater homeowners whether you are marketing specifically for them or not. When people hear that you have rental property or they know that you buy and sell houses, they will find you. I personally do not run marketing specifically for pre-foreclosures because I keep busy enough with what I’m already working on. However, I have learned what needs to be done for short sales so that I can gather the proper information and either work the deal myself or refer it out to someone that specializes in negotiating short sales. If you want to focus on this type of investing, you need to get a good education on handling these deals.

1) First and Foremost, find out where the homeowner is mentally. What do they want to do with the home? Do they want to try to stay in the home or have they thrown in the towel and just want to move on? These are TWO EXTREMELY different cases. You can not in most areas and should not charge the homeowner anything upfront for either scenario and there are specific laws that may determine what you can do in your area to help these homeowners. Consult with a knowledgeable and experienced Real Estate attorney in your local area to help guide you in the right direction.

Paperwork needed to work a short sale deal.

1) Property Information Sheet
2) Financial Information Sheet – lien holders, account numbers, employment/income information, anything that you may need to help work with the bank.
3) Hardship Letter – written by the homeowner stating what their hardship is that caused the house payment to fall behind. Some lenders refer to this as a “Hardship Letter” some even call it a “Sad letter”. Very important, this needs to be a real letter, not some canned letter, and it needs to be written by the homeowner and signed by them with a date on it.
4) Pictures of the property and condition report
5) Purchase and Sale Agreement

After you gather the information on the property, determine if it is a deal you would even want to pursue. Most of us would like to be able to help EVERY single homeowner that calls. It is in our nature as compassionate human beings to want to help others, but we have to be realistic with ourselves and our potential customers. We do not have enough time in the day to help every single person calling. Now, you could try to get close, but your business would have to get significantly larger to handle all of the calls.
So the name of the game is to focus your efforts on the most important deals. It’s all about sifting and sorting your leads. Do you have a process to determine what leads you are going to work on today, tomorrow, next week? This is something EVERY business needs. If you don’t you will be spinning around chasing your tail not getting very far.
This was not a comprehensive list. I have gone through several Short Sale courses to learn different methods to work shortsales. If you would like a reference for a great short sale course, add a comment and also, while you are at it, join my newsletter mailing list.

Happy Investing

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29Oct