Business Builders 2010 - Live presentation

We had an awesome 3 days where folks from around the country learned more about real estate investing and the ways to profit in today's market. One of our most popular speakers was Devon Brown - The Success Renegade. He shared a ton of great information on exactly how to build your buyer's list online and then profit from it even if they never buy one of your houses. I can see why everyone was amped up about this presentation. It is information packed and Devon is full of energy.

Devon even surprised me after the event by 1. allowing us to release the audio and video to our listeners but, 2. he put together an exclusive offer to try out his Web Copy Cat system for only, $5! That is an amazing offer that I know everyone will want to jump on, Now!

Check out Web Copy Cat

GRS-187

If you have been trying to navigate the best way to acquire and profit from real estate in today's market then you are in for a treat as I sat down with Andy Heller, a good friend, mentor and fellow investor as he shared what he is doing in today's market to profit short term, mid-term and for years to come.

On this show Andy discussed how he;

• Spends only 2-4 hours per week looking for homes
• Leverage the help of banks and REO Agents
• Has 4 profit centers to make money on each house
• Averages $40k-$70k profit quick turning 25% of his homes
• Rents homes quickly and with almost no tenant calls
• How to buy foreclosures even if you are strapped for cash and credit

This really is one of the best interviews I have had with Andy so make sure you check it out.

For more information on the Regular Riches method of investing in foreclosures visit http://getrealrei.com/fortunelauncher

Get Real Show - Episode 186

Today is a special question and answer show because we have had a ton of great questions lately. If you have a question make sure you click on the "Questions" tab at the top of http://thereiminute.com and leave your question to get a chance at your choice of two great real estate investing products worth $200.

Our questions today were about how to cash in on acquiring tax lien properties, moving out of rentals and into flipping homes and acquiring private money and keep your nose clean with the SEC.  Listen in to get the answers to these questions.

I did a 90 minute webinar with Chris Johnson last night and I couldn't wait to get up this morning to get a replay out to everyone.  Chris had a ton of great information and it is amazing to me how well his students have done at raising capital for their real estate and their businesses. 

I hope you enjoy it and take some good notes on what Chris is teaching so you can get some government cash too. 

If you are interested in being a student make sure you visit http://thereiminute.com/freemoneyoffer.

Short Sales, the MLS and Craigslist Rentals - Episode 184

This week is a listener mail week where we answer your burning real estate investing questions. If you have a question make sure you click on "Questions" on the top of the page and leave us your question.  If we read your question on the show you will have your choice of 2 really cool gifts from us valued at over $200!

Today's questions were...

"I have seen MLS listings for short sales that say one of the following:
1. Subject to Lender Approval - this is pretty obvious.
2. SHORT SALE with approval or we have approval price from bank  - Does this mean the approval price might be different from the listed sales price, and that the approval price is the only price the bank will accept?  Should I even consider trying to negotiate less than the approval price?
I am basically trying to determine when it is appropriate to offer less than the listed sales price." from Cheryl B

and...

"I'm a buy and hold investor looking for ways to maximize my time with advertising my rentals. Currently I have 61 units and was wondering if you have any tips on how to keep my Craigslist ads near the top of the list without having yo delete the ad and rewrite it. Or do you know of any software tools that help you post rental ads?" from Cory B (no relation to Cheryl)

Business Builders 2010 - For FREE!!

If you have been looking to develop your business, real estate or otherwise then you need to make it to Atlanta September 24-26 where we are hosting Business Builders 2010 a 3 day conference to help you build or start your real estate or online business.  AND as a listener we are going to let you go for FREE!!! Register Now

Larry Hoffman shows us how to get buyers fast on and offline. More info on his software at http://thereiminute.com/cashbuyers

Learn from Scott Taylor as he shares how to properly manage rental properties and their maintenance.​

Today we are talking about how to make successful offers on REO properties, or bank owned foreclosures.  Learn the process from the inside from a broker that lists the homes for the banks.​

Today we are talking with Harrison Painter, Realtor, Investor and Social Media king pin about what he has done and counseled others to do to make an impact in their market with social media.  This can be one of the best ways to get leads for buyers and sellers without spending a bunch of money.​

Today we are discussing ways to get cash for houses without having to go to the banks.

I had a great question this week about trying to find a lender to provide small loans and still work a self-directed IRA.  Instead of me answering the question I went straight to the source, Don Derosa and picked his brain on the topic.

Make sure you visit http://thereiminute.com for links to the tools featured on today's show.

http://thereiminute.com/alternatives-to-owner-financing A new security instrument is poised to hit the real estate market, HEFI, Home Equity Fractional Interests. This has the potential to allow real estate investors to participate in mortgage modification plans. Additionally investors can use the instrument in place of owner financing on the homes they sell.

http://thereiminute.com/how-to-assign-a-real-estate-contract Today we answer two very important questions, "How to Assign a Real Estate Contract" and "How to Analyze Short Sale Leads." Not only are these great questions from viewers like you they also are signal of where the market is heating up, Bank Owned Homes and Short Sales! Now is the time to learn how to invest in both of them.

http://www.thereiminute.com/how-to-profit-from-bank-owned-homes/ Catch this sneak peek at the 2 hour plus video seminar Andy Heller did for us on buying bank owned homes and sensibly lease optioning them for multiple streams of income and low maintenance motivated tenants.

http://thereiminute.com/profiting-from-short-sales Short Sales are making up 50% of the foreclosure market today. Understanding how to profit from them and work effectively with realtors can make any investors business. Get the inside scoop from our industry expert, Bob Massey.

http://thereiminute.com/answer-your-questions How do you get more than 10 mortgages, get a property converted to a rental home and how do you make quick cash in real estate, we answer it all today.

Watch the entire video at http://thereiminute.com/should-i-get-a-real-estate-license Have you asked yourself if you should get a real estate license as a real estate investor? Today we go through the pro's and con's of realtor licenses for real estate investors.

Working Short Sales with Realtors - Bob Massey

I had a great conversation with Bob Massey on how to harness the time and knowledge of realtors to help you find and work short sale deals.  If you ever thought you didn't want to get into the short sale market because...

• You don't have the time
• Don't want to visit distressed sellers
• Don't have the money to work the deal
• Can't meet with a BPO agent
• Wouldn't know where to find buyers

Then you need to listen very carefully to this interview. Plus at the end there is a great Q&A session with awesome questions from those that were live on the webinar.

Check out more about this at http://getrealrei.com/shortsale

Episode 14 – Lease Options, Foreclosures and Part-Time Investing

Today’s Question was…

“I am a fairly new investor with a full-time job. I bought two properties in 2008 before my daughter was born, and haven’t purchased anything since. I work a regular 9-5 and take care of my daughter at nights and on weekends. I am determined to purchase at least one property this year by enlisting the help of others as much as I can to help make up for my lack of time. However, I was wondering what advice you have for investors with little time to go out and look at houses. Any courses you recommend I look at?” – JT

Watch today’s show for the answer.

Links Today

Andy Heller Interview

Episode 13 - Subject to Secrets

If you are a real estate investor and are looking for ways to control properties without having to go to the bank for a loan and a big down payment then subject to financing is for you. Subject to expert Don Derosa joined me this week to share some of his inside secrets to subject to investing including his 3 criteria to spotting a good deal.

Episode 12 – Rent and Sell Homes with Craigslist

I know the idea of getting a house really cheap is very exciting and sexy but if you don’t have an exit strategy then you are stuck with a property that you have big time holding costs on. That’s why it is important to know many ways to move a property. Today we focused on one very effective and affordable method, selling and renting your homes online.

Links from this Episode

Craigslist

Gogo Ads

Finding and Analyzing Deals

If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.

Episode 11 - How to Analyze Comparable Sales

It's Viewer Question Friday and we had a very good question from Janiro...

"When finding 3 properties does the structure have to be the same, for instance when I researched my subject property on zillow the comparable properties were within the one mile radius, they had similar square footage as well as the same amount of bedrooms and bathrooms.  However, I noticed that my property was wood with a 2 car detached garage, but the other properties were all brick with attached garages. Is that ok or should I find more properties?”

There are Four Main items you need to consider when developing good comparable sales, they include...

1. Make sure you are comparing similar homes in square footage and bed and baths.
2. Try to find homes of similar quality so an unupdated 1970’s home is not the same as a home across the street that was recently remodeled.
3. Try to find 3 homes within a mile of your property with similar neighborhoods and sold in the last 6 months.
4. Only ever compare sold homes and not homes listed for sale.

Finding and Analyzing Deals

If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.

http://thereiminute.com/financing-flipped-homes-with-203k-loans With the recent waiver of the FHA 90 Day Seasoning waiver the first time homebuyer's tax credit this is a great time to sell pretty homes but did you know you can sell homes in need of repairs and get the repairs finances as a part of the loan? Check it out as we explain the HUD 203k loan program.

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Episode 9 – Flipping Foreclosures and Short Sales

For a while now there has been some confusion about flipping bank owned homes and flipping short sales.  We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day.  Today we decided to prove to  you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies.

Episode 8 – HUD Wants to End Seller Financing

If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license.  This would hurt real estate investors and home buyer’s alike.  Let HUD know that you think this is a bad idea.  They are taking comments on the ruling.

Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard.

http://www.thereiminute.com/analyzing-cash-flow/ If you are looking for a rental property one of the first things you want to know is will it cash flow. Calculating cash flow on a potential rental home is a calculation that varies widely among real estate investors. Watch as we share the conservative approach we take on how to calculate cash flow

Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales

On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program.  This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals.  Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing.  Just as importantly for us it may signal the beginning of better relationships between banks on short sales.  Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved!

FREE Property Analyzer Software

Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins

February 16th at 9pm East - Only 100 spots an 18 left!!

Register NOW

http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals

No More 90 Day Seasoning

On today's special edition of Wha'ts News we discuss the new HUD temporary lift on 90 day seasoning to finance homes.  This is going to be big for real estate investors who buy foreclosed homes and then want to fix and sell them quickly.  No more waiting forever to get your homes sold.  It will also help neighborhoods begin to see re-stabilization after being hit hard by foreclosures and vacant homes.

If you are new to investing or have been working the business for years you know that the most important thing in your business is to have a network of contractors, professionals and other investors to build your business with. In the past it took long hours and running all over town meeting new people to get the task done. Our friend Andy Heller has just launched what we think is going to be one of the biggest networking tools ever for real estate investors and it is totally free. Check it out at http://realtyjoin.com/getreal and listen in to this special episode as Andy explains all of the details. Did I mention it is FREE!!

Just like every year when we get to the new year we start to look at doing new things in our businesses. On this week's show we are sharing with you 5 things you should focus on when planning to take action and make some money in real estate this year.

Big Changes!!

After a lot of work we have made the decision to change up the format to Get Real this year. We are going to start doing short videos 3 times a week for you to get your real estate investing fix :-) We will no longer be doing the 1 hour show each week. The great news is we are adding 2 hours a month of shows to the real estate investing club and are going to add 100's of hours of video, audio and other educational resources there. Check out the changes at http://getrealrei.com/membership/join-us

Listen to this Episode