http://youtu.be/OZiR7mLXxuI
When I bought Johnson Ave the goal was simply to get
in the deal, and flip it out to an investor. Numbers looked
good for a small apartment complex.
Well after sitting on this deal for several weeks I realized
that for that particular area investors were just not willing
to do the construction themselves. Fear of things being
broken into and delayed during the rehab process became
the reality I was faced with.
No buyer, no problem......I simply got me construction crews
on the project. Finished the work in 1/5 the time it would take
anyone else. By the way, doing the work quickly makes it
much more cost effective and tremendously limits any potential
break ins if you are in a rough area.
Then got the management company to rent out most of the units inside
the complex and the property sold above my asking price.
Lesson:
Always make sure you have multiple exit strategies. Once you go
down a path that doesn't lead in the direction you want your
only option is to keep dropping the price till you lose money on the deal.
But if there is another path to follow.....then you are all good!
To Your Success !!!
Peter Vekselman
Tuesday, October 8, 2013
Sunday, October 6, 2013
We Buy Houses®
Learn from the real estate experts at We Buy Houses® / http://webuyhouses.com !
What are the 3 biggest challenges for real estate investors, along with the "16 cent secret" and our Lightning…
00:46:03
Thank you to all the investors who joined us on the We Buy Houses Webinar Episode 1!
We heard from many that you enjoyed the educational material but wanted a recording to go back and review it, or were not able to make the original live event.
HERE IS THE WEBINAR REPLAY for "The 3 Biggest Challenges to Real Estate Investors".
Dave Lindahl (DaveLindahl@creativesuccessalliance.com)
Proof of Success! Great news!
I cannot stop raving about this new system. The results are amazing. You probablywant to see some proof of this success for yourself? I don't blame you. Read on....
Click here: Register for the online training now! Listed here are a few deals that
are being worked on:
Hendricks County:
$20,372.59
Lake County:
$54,698.35
Putnam County:
$28,401.88
Porter County:
$29,497.82
Johnson County:
$29,530.35
Click here: Register for the online training now!
Incredible! Right?
And remember--the benefits of this system make it a no-brainer...
1. You can do this from home
2. There is no marketing for deals, and no waiting for the phone to ring
3. You are searching for properties using this software that NO ONE ELSE HAS
4. Sell the deals to our team and get paid right away with 4-figure fees
5. Keep them for yourself and make the whole profit
6. Join the team on the funding side--if you have extra money
The system is new, and it's been thoroughly tested.
Sign up for the online training event taking place Tuesday, October 8th
to get instant access to discover everything you need to begin making money NOW.
Dedicated to your Fast Path to Success,
Dave Lindahl, Founder
Creative Service Alliance
...
Friday, October 4, 2013
Notes From Indy Mack shortsalepackage.pdf
"Property Address Borrower Names "
"Pursuant to a residential purchase agreement (""Agreement"") dated, the parties identified below as"
"""Seller(s)"" and ""Buye r(s),"" respectively, are involved in a real estate transaction whereby the real property rete renced above, ""Mortgaged Premises"" will be sold by Seller(s) to Buyer(s)."
"OneWest Bank, FSB (""Servicer'') services the above referenced loan secured by a deed of trust or a mortgage to the"
"Mortgaged Premises. In order to complete the sale of the Mortgaged Premises, Seller(s) and Buyer(s) have jointly asked Servicer to discount the total amount owed on the loan. Servicer, in consideration of the representations made below by Seller(s), Buyer(s), and their respective agents, has agreed to review the short sale offer on the express condition that Seller(s), Buyer(s), and their respective agents (including, without limitation, real estate agents, escrow agents, and title agents) each truthfully represent, affirm, and state, under penalty of perjury that:"
"1. The purchase and sale transaction reflected in the Agreement is an ""arm's length transaction"", meaning that the"
"transaction is between parties who are independent of one another, and unrelated and unaffiliated by family, marriage or commercial enterprise, other than the purchase and sale of the Mortgage Premises between the Buyer(s) and the Seller(s) that is the specific subject of the proposed short sale as disclosed to the Servicer."
"2. There are no agreements, understandings or contracts relating to the current sale or subsequent sale of the Mortgaged"
"Premises that have not been disclosed to the Servicer."
"3. There are no agreements, understandings or contracts between the parties that the Seller will remain in the Mortgaged"
"Premises as a tenant or later obtain title or ownership of the Mortgaged Premises, except to the extent that the Seller is permitted to remain as a tenant on the Mortgaged Premises for a short term, as is common and customary in the market but no longer than ninety (90) days, in order to facilitate relocation."
"4. All amounts to be paid to any party, including holders of other liens on the Mortgaged Premises, in connection with""the short payoff transaction have been disclosed to and approved by the Servicer and will be reflected on the HUD-1"
"Settlement Statement."
"5. Neither the Seller(s) nor the Buyer(s) will receive any funds or commissions from the sale of the Mortgaged Premises."
"The Borrower may receive a payment if it is offered by the Servicer, approved by the Investor and
reflected on the HUD-1""Settlement Statement."
"6. No agent of either the Seller(s) or the Buyer(s) shall receive any proceeds from this transaction except as reflected in the""final closing statement which shall be provided to Service r for approval prior to the close of escrow. Except as set forth in the preceding sentence, each agent unconditionally releases and forever discharges Seller(s), Buyer(s) and Servicer from any and all existing or potential claims, demands, or damages, both known and unknown, arising out of, connected with or incidental to compensation or other amounts due to the agent, including, but not limited to commissions promised under"any Residential Listing Agreement,"
"7. Neither the Buyer(s) and/or Seller(s) nor any parties related to or affiliated with the Buyer(s) and/or Seller(s) may act as the""buying or listing/selling agent in the transaction."
"8. Each signatory understands, agrees, and intends that the Servicer and the Investor are relying upon the statements made""in this Affidavit as consideration for the reduction of the payoff amount of the Mortgage and agreement to the sale of the""Mortgaged Premises."
"Pursuant to a residential purchase agreement (""Agreement"") dated, the parties identified below as"
"""Seller(s)"" and ""Buye r(s),"" respectively, are involved in a real estate transaction whereby the real property rete renced above, ""Mortgaged Premises"" will be sold by Seller(s) to Buyer(s)."
"OneWest Bank, FSB (""Servicer'') services the above referenced loan secured by a deed of trust or a mortgage to the"
"Mortgaged Premises. In order to complete the sale of the Mortgaged Premises, Seller(s) and Buyer(s) have jointly asked Servicer to discount the total amount owed on the loan. Servicer, in consideration of the representations made below by Seller(s), Buyer(s), and their respective agents, has agreed to review the short sale offer on the express condition that Seller(s), Buyer(s), and their respective agents (including, without limitation, real estate agents, escrow agents, and title agents) each truthfully represent, affirm, and state, under penalty of perjury that:"
"1. The purchase and sale transaction reflected in the Agreement is an ""arm's length transaction"", meaning that the"
"transaction is between parties who are independent of one another, and unrelated and unaffiliated by family, marriage or commercial enterprise, other than the purchase and sale of the Mortgage Premises between the Buyer(s) and the Seller(s) that is the specific subject of the proposed short sale as disclosed to the Servicer."
"2. There are no agreements, understandings or contracts relating to the current sale or subsequent sale of the Mortgaged"
"Premises that have not been disclosed to the Servicer."
"3. There are no agreements, understandings or contracts between the parties that the Seller will remain in the Mortgaged"
"Premises as a tenant or later obtain title or ownership of the Mortgaged Premises, except to the extent that the Seller is permitted to remain as a tenant on the Mortgaged Premises for a short term, as is common and customary in the market but no longer than ninety (90) days, in order to facilitate relocation."
"4. All amounts to be paid to any party, including holders of other liens on the Mortgaged Premises, in connection with""the short payoff transaction have been disclosed to and approved by the Servicer and will be reflected on the HUD-1"
"Settlement Statement."
"5. Neither the Seller(s) nor the Buyer(s) will receive any funds or commissions from the sale of the Mortgaged Premises."
"The Borrower may receive a payment if it is offered by the Servicer, approved by the Investor and
reflected on the HUD-1""Settlement Statement."
"6. No agent of either the Seller(s) or the Buyer(s) shall receive any proceeds from this transaction except as reflected in the""final closing statement which shall be provided to Service r for approval prior to the close of escrow. Except as set forth in the preceding sentence, each agent unconditionally releases and forever discharges Seller(s), Buyer(s) and Servicer from any and all existing or potential claims, demands, or damages, both known and unknown, arising out of, connected with or incidental to compensation or other amounts due to the agent, including, but not limited to commissions promised under"any Residential Listing Agreement,"
"7. Neither the Buyer(s) and/or Seller(s) nor any parties related to or affiliated with the Buyer(s) and/or Seller(s) may act as the""buying or listing/selling agent in the transaction."
"8. Each signatory understands, agrees, and intends that the Servicer and the Investor are relying upon the statements made""in this Affidavit as consideration for the reduction of the payoff amount of the Mortgage and agreement to the sale of the""Mortgaged Premises."
What has happen to short sales? This is From the shortsalepackage.pdf
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.shtm.
Beware of Foreclosure Rescue Scams. Help is free!
• There is never a fee to get assistance or information about the Making Home Affordable program from your
lender or a HUD-approved housing counselor.
• For a HUD-approved counselor, visit: http://www.hud.gov/offices/hsg/sfh/hcc/fc/, or call 1.800.569.4287.
• Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or
modification of a delinquent loan.
• Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house.
Do not sign over the deed to your property to any organization or individual unless your mortgage company
approves of such action.
• Never make your mortgage payments to anyone other than your mortgage company without their approval.
Short Sale Real Estate Transactions
IndyMac Mortgage Services is not a party to any listing, purchase, or sale agreement associated with aShort Sale transaction.
During the Short Sale process, the seller may cancel the listing agreement prior to the ending date of the listingperiod without any advance notice to the broker, and without the payment of any commission or any otherconsideration, if the property is conveyed to the mortgage insurer or the mortgage holder.
Under the terms of a Short Sale purchase contract, the seller’s obligation to perform is subject and subordinateto the rights of the mortgage insurer (if any) and the holder of the mortgage.
This is a communication from a debt collector attempting to collect a debt. Any information obtained will be usedfor that purpose. However, if you have filed a bankruptcy petition and there is either an “automatic stay” in effect inyour bankruptcy case, or your debt has been discharged pursuant to the bankruptcy laws of the United States, thiscommunication is intended solely for informational purposes.
Beware of Foreclosure Rescue Scams. Help is free!
• There is never a fee to get assistance or information about the Making Home Affordable program from your
lender or a HUD-approved housing counselor.
• For a HUD-approved counselor, visit: http://www.hud.gov/offices/hsg/sfh/hcc/fc/, or call 1.800.569.4287.
• Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or
modification of a delinquent loan.
• Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house.
Do not sign over the deed to your property to any organization or individual unless your mortgage company
approves of such action.
• Never make your mortgage payments to anyone other than your mortgage company without their approval.
Short Sale Real Estate Transactions
IndyMac Mortgage Services is not a party to any listing, purchase, or sale agreement associated with aShort Sale transaction.
During the Short Sale process, the seller may cancel the listing agreement prior to the ending date of the listingperiod without any advance notice to the broker, and without the payment of any commission or any otherconsideration, if the property is conveyed to the mortgage insurer or the mortgage holder.
Under the terms of a Short Sale purchase contract, the seller’s obligation to perform is subject and subordinateto the rights of the mortgage insurer (if any) and the holder of the mortgage.
This is a communication from a debt collector attempting to collect a debt. Any information obtained will be usedfor that purpose. However, if you have filed a bankruptcy petition and there is either an “automatic stay” in effect inyour bankruptcy case, or your debt has been discharged pursuant to the bankruptcy laws of the United States, thiscommunication is intended solely for informational purposes.
"Instant Marketing Tools for Real Estate Investors." From Richard Roop
Hi
It's been said that if you don't have marketing -- you don't have a business. I would agree.
It's been said that if you don't have marketing -- you don't have a business. I would agree.
Before I started
training real estate entrepreneur's myself, I was known as the marketing
guy for other guru's. Then, when I first started training and
supporting investor's my focus was on marketing. In fact, one of my
first products is still in high demand today, "Instant Marketing Tools
for Real Estate Investors."
Because
I think that mastering the marketing is so important I've decided to
invite you to my next Ultimate Training Webinar, "Strategic ONLINE
Advertising for Real Estate Investors."
* How to generate buyer, seller and lender leads with online ads
* The best opportunities for pay-per-click advertising (PPC)
* The best opportunities for free advertising
* The key elements for creating responsive ads
* What to offer online to capture the most qualified leads
* Pros and cons of paid verses free ads
* How to design ad campaigns to convert more leads into cash profits
REIbrain training series on real estate
This series is on driving traffic to your websites and getting
leads for your real estate business online.
Most of the people who are asking these online lead
questions are wholesalers...
... so a good bit of the training is geared for them.
But, I'm not a wholesaler.
I'm a buy and hold guy.
So in the training I show how I'm actually getting free tenant
leads every single week to help fill my vacancy's quickly
using simple 2 or 3 page websites... and the very simple
SEO hacks I use in this video training.
So, if you own rental properties...
...multi-family... heck even commercial properties and you
want to see how I'm getting free tenant leads every week for
highly qualified tenants who are actively searching for
apartments or houses to rent in my area...
.. head over and check out the training here <<
If you ARE a wholesaler... over there I have my "SEO Keyword
Bible" for investors where I give you the 52 keywords to target
online for motivated sellers, buyers, and private lenders to get
better rankings and more leads using Google.
Grab the 52 Keywords SEO Bible and the training video to see
how both rental property owners and wholesalers can start to get
better rankings online and get leads coming in each week <<<
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