Learn how to profit in real estate without owning property. This is a 135 page course in PDF format that teaches new investors how to get started in wholesaling properties by finding ugly properties and assigning the contracts to other investors. It also contains a zip file containing every form, letter, and agreement discussed in the course. It also contains a Microsoft Excel-based spreadsheet called the Property Analyzer, which makes it easy to evaluate both the cash flow, equity build up and net profits from a rental property, plus the profit potential of a rehab.
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Profit in Real Estate Without Cash, Credit or Risk!
Looking to get started in real estate investing but don't know where to start?
Don't have enough cash or credit to purchase an investment property? Afraid to take on payment risk?
Too confused on lease options, pre-foreclosures, buying "subject to" or short sales? Yeah, so was I.
But then I discovered a way to make money in real estate in a SAFE way, and now I can share this information with you.
For less that the cost to fill up an SUV with a tank of gas, I am going to teach you
HOW TO MAKE $5000 OR MORE PER DEAL
FINDING AND ASSIGNING
UGLY PROPERTIES
WITHOUT CASH, CREDIT OR RISK
Face it, you would not be reading this information on
wholesaling real estate or flipping properties if you were not
interested in making money in Real Estate. You may have heard all
about buying properties, fixing them up (rehabbing) and reselling them. While that
is a great way to make money, it does take a combination of cash,
credit and risk. I am going to show you how to make
realistic profits
without any of the risks.
WHAT DO YOU MEAN BY "FIND AND
ASSIGN"?
Using our program, you will learn how to find properties that are in
need of rehab work, then make an offer on the property that
guarantees another investor the profits that he can make after he
rehabs the house and resells it. You will then learn how to find
these investors and assign them the contract you negotiated with the
homeowner. You get your assignment fee of around $3000 to
$6000, guaranteed at settlement. You will also
learn how to use an
option to purchase the property and
assign the option to an investor for an assignment
fee, which you get right away, whether or not the
investor buys the property!
WHY IS THIS A BETTER WAY TO MAKE MONEY THAN ANY OTHER REAL
ESTATE METHOD?
There are several ways to make money in real estate investing,
from buying and holding rental properties, to buying and renting
properties on a short-term lease-option, to buying deals subject to
an existing mortgage, to doing a short-sell on a non-performing
mortgage, to buying and rehabbing properties. While these are all
great ways to generate cash flow or build wealth, they all take some
degree of risk, plus cash or credit and a lot of time.
I share with you in my book some of my horror
stories as a landlord and explain to you what can
go wrong if you follow the typical real estate
"guru" programs. Using the "Find and Assign" approach,
you have the following benefits:
l
No
Need for Excessive Cash or Credit: You are not taking title
to a house and thus have no need for cash or credit. All you need is
$10 for an Earnest Money Deposit, or perhaps $100
for a purchase option, and some nominal amounts for
business cards, classified ads and mailings.
l
No
Repair Headaches: You will not be involved in the rehab
of the home, thus you do not have to worry about monitoring your
contractor, dealing with cost overruns or getting permits and
inspections done.
l
No
Holding Costs: You will have no payments to make, no
property taxes to pay and no insurance to obtain.
l Ready
Market of Sellers and Buyers: Using the techniques in
this package, you will learn about 16 ways to find motivated
sellers, and 7 ways to find eager buyers who will purchase your
contract or option from you. Plus, I tell you why
these buyers will pay you to find a property for
them!
l Fast
Profits: You can make your first $5000 in less than 30
days.
YOU WILL LEARN EVERYTHING YOU NEED TO GET STARTED NOW!
NO EXPENSIVE ADD-ONS LATER.
I want you to get started making offers on properties by next week.
In my book, you will learn everything you need to do just that.
Here is a chapter summary:
Chapter 1. Ways to Make Money in Real Estate
I will tell you about the traditional ways of making money in real
estate, plus give you some of the things that can go wrong in the
process. I will teach you
how a $30 investment can keep you from
hundreds of dollars in monthly negative cash flow.
You will learn about buying homes subject to an existing
mortgage, using a lease-option for better cash flow, and how
investors buy foreclosure properties. You will also learn the
benefits and pitfalls of rehabbing properties.
Chapter 2. Getting Your Ducks in Order
You will learn how to choose your business entity, and how to avoid
paying the self-employment tax on most of your profits
through the use of a Limited Partnership. You will also get a list
of the tax deductions you may take and how to file your return. You
will also find out what to look for in an attorney, an accountant
and a title company. I also give you an overview of what a hard
money lender is and why they are important in this business.
Chapter 3. Finding Motivated Sellers
You will learn 17 ways to find motivated
sellers, with specific
examples of ads, business cards, fliers and letters to mail. You
will learn how to determine if a seller is motivated, plus you will
learn how a simple 20 cent item
will keep your name in front of prospects for months and months. I
will also teach you how to use the Internet as a powerful
marketing tool! Once people
start calling you, You will know exactly what to ask them to see if
you can do business!
Chapter 4. Analyzing a Deal and Making an Offer
You will learn how to get the lowest price
possible for the house by asking two simple questions. I
will show you exactly what to do in order to take a deal subject to
an existing mortgage. I give you a detailed checklist of what to
look for when inspecting a property, covering the structure, the
fixtures and the landscaping. Then, you will learn how to use the Maximum
Allowable Offer formula to determine the max you should
offer for the property, after taking into account the holding costs
of your buyer plus your assignment fee. To get you out of a bad
deal, I have included 6 powerful escape
clauses. You will also learn when to
use a purchase option instead of an agreement of
sale, eliminating any risk.
Chapter 5. Preparing a Property Overview Package
The key to getting top dollar
for your assignment is to put together a complete property overview
package to show to potential buyers. You will learn how to obtain
the history of the property,
including any deed problems, get the exact structural record, obtain
comps, get zoning status, obtaining an insurability report, and
other key ingredients of the overview package. You will also learn
the 7 important questions to ask
of contractors who are giving you estimates. Did
you know that by spending $9 you can determine
whether or not a
potential property can be denied hazard insurance?
Try getting a mortgage on that property!
Chapter 6. Finding Buyers for Your Contracts
I will show you 7 proven methods
to find buyers for your purchase agreements or
option agreements. You will get sample ads
and cards to use. I have included two
amazing ways to find dozens of qualified buyers in one
spot who would be happy to pay you your fee if you present a
properly structured deal. You will also learn how to use the
Internet to find eager buyers
and how to post your Property Overview Packages online to automate
your selling process. Finally, you will learn how to close the
assignment deal and guarantee that you will get
your assignment fee! I also can help
you put together a local
joint venture program to fund a rehab
project, complete with project management from
myself. You will also learn how to do a joint
venture with a seller for a rehab project, whereby
you do not take title to the property, but instead
agree to a split of the
net profits after the resale of the
property, with your interest secured by a
mortgage.
Chapter 7.
Investing in HUD Homes
Here is a good
overview of what HUD homes are, how to find them
and how to bid on them. You will learn about the
terms and conditions of purchase, why you should
work with a good real estate agent, and where
you can find all you need online.
Chapter 8. Cash
Flow and ROI Analysis
In this chapter you
will learn all you need to in order to understand
cash flow analysis on a rental property, using the
included Property Analyzer for Excel. Topics
covered include closing costs, down payment, amount
financed, private mortgage insurance, rental
income, pre-tax and after-tax cash flow, taxable
rental income, mortgage reduction, equity growth,
depreciation, depreciation recapture, capital gains
taxation, net settlement proceeds and compound
return on investment (ROI). This
section will benefit you if you are thinking about
holding properties for rental.
Chapter 9. Basic
Principle of Real Estate
Learn all the
fundamentals of purchasing and owning real estate.
This chapter covers such topics as bundle of
rights, property limitations, eminent domain, deed
restrictions, environmental issues, encumbrances,
liens, freehold and leasehold estates, types of
ownership, kinds of title, title insurance, types
of deeds, and why you
should use a buyer's agent when investing in real
estate.
Chapter 10.
Creating Cash with Discounted Notes
This chapter teaches
you the basics of the note brokering business. You
will learn how and why seller-financed notes are
created and why there is a market for converting
a payment stream into a lump-sum amount of cash.
Once you know how to find holders of notes and
buyers of notes, you will be able to bring the
parties together and collect
a fee of as much as 10% of the note amount!
I will give you sample ads to run, plus letters you
can send to note holders (and how to find them). I
will also give you a script to use when prospects
call you, plus a follow-up letter, and several
sources of note buyers.
Appendix A - R.
Forms, Letters and Ads
All of the forms, letters and ads are included. You
can copy them or make modified versions of your own.
They are the same as what you get in Bonus# 1
and Bonus# 2, except that these are the printed
versions. Your bonuses are sent in as clickable HTML
links or "Word" documents. The Purchase Option
Package is three forms that let you use an option
to purchase the property, exercise the option,
and assign the option.
BONUS #1 : 90 REAL ESTATE RELATED WEB PAGES!
As an added bonus, I am going to share with you over 90 different
Internet links to valuable websites where you will find the
following:
- How to buy foreclosure and pre-foreclosure properties
- Real estate law and tax law articles
- Sources of pre-foreclosure leads
- How to purchase property subject to an existing mortgage
- General and specific real estate investing articles
- 100 Pages of FREE real estate investing secrets
- How to find owners of vacant homes
- FREE real estate and other legal forms and documents
- Real estate forums and discussion groups
- 11 Hard-money lenders
- 24 Sources for online comps
- Avoiding the "due-on-sale" clause on "Sub2"
deals
- 50 More real estate investing articles
- FREE Property analyzer software
- Real estate success stories
- 15 FREE real estate investing lessons
You will learn more on these sites than you will in almost any $1000
course out there. I spent months finding and researching these
sites, and I guarantee that you will find them to be extremely
valuable in increasing your real estate investing knowledge. And
remember, if used properly, Knowledge is Power!
BONUS #2 : ALL THE FORMS AND LETTERS YOU WILL NEED!
For a second bonus, you will get all the forms and letters
in electronic format you will
need to find and assign properties. There is nothing else to
purchase. Here is what is in your book and in your
zip file as
"Word" documents:
- Real Estate Purchase Agreement
- Assignment Agreement
- Bird Dog Agreement
- Limited Liability Company Agreement
- Joint Venture Agreement
- Limited Partnership Agreement
- Letter to Vacant Property Owners
- Letter to Real Estate Agents
- Letter to Contractors
- Letter to Out of State Homeowners
- Letter to Homeowners Facing Foreclosure
- Letter to Townships
- Mileage and Expense Reporting Form (for income tax preparation)
- Rehab Repair Estimate Form (same as used by hard money lenders)
- Contractor's
Agreement (to use if you choose to rehab the
property)
- Purchase Option
Package (Option to Purchase, Exercise of
Option, and Assignment of Option)
Plus, you get sample ads, card and flyers that are all proven to
work!
BONUS #3 : FREE BOOK - "How To Create Multiple Streams of Income Buying Homes in Nice Areas With Nothing Down!"
FREE E-book. Learn directly from the two men responsible for re-writing the rules of real estate investing exactly how you can buy homes in nice areas with nothing down in this
best selling 288 page book!
You'll Learn:
- Five, Fun Easy Ways to Earn Up to an Extra $100,000 This Year Investing in Real Estate!
- Wealth Without Risk: How to Build a Million Dollar Net Worth in Five Years or Less - Working From Your Home!
- How a retired minister made $28,000 on his very first deal - and how you can too!
How a commercial airline pilot made over $75,000 from his first four deals - and how you can too!
- How a mother of three made $30,000 on her first deal - and how you can too!
The download link to this e-book is included with your purchase.
BONUS #4 : FREE Property Analyzer for
Microsoft Excel
Quickly evaluate any prospective rental property
for pre and after tax cash flow, monthly net
income, annual mortgage reduction, annual equity
build-up, accumulated depreciation, settlement
proceeds, depreciation recapture tax, long-term
capital gains tax, net profits, and compound
return on investment over a 15 year period. It
also lets you compute estimated closing costs
covering 12 major settlement categories. A
second feature is that you can calculate your
estimated acquisition, financing and repair costs
on a property you may want to rehab or assign to
another investor. It uses all the
categories in the Rehab Estimate Form, plus the
points, fees and interest charges made by hard
money lenders. Just enter estimated material and
labor costs and you will have an immediate answer.
For a rental
property, simply enter the
purchase price, down payment, interest rate, term
of the mortgage, monthly rent, property tax,
insurance, condo/association fees, other expenses,
tax bracket, and assumed rates of inflation and
property appreciation, and you will get all of the
following data for 15 years:
- Monthly mortgage
payment, including when private mortgage
insurance applies.
- Monthly net
rent, interest, depreciation, pre-tax income,
pre-tax cash flow, after-tax cash flow.
- Annual mortgage
reduction, annual equity build-up, annual
property value, annual cash flow yield and
annual equity yield.
- Sale price,
mortgage balance, settlement proceeds, gross
profit, depreciation recapture, capital gains
tax, net after-tax profits, and compound return
on investment.
- Closing costs
include title insurance, state and local
transfer taxes, mortgage application fees,
mortgage points, recording fees, attorney fees,
pro-rated taxes, insurance and water &
sewer, tax escrow, miscellaneous fees and
optional repair costs.
For a rehab or
assignment property, just enter the purchase
price, closing costs, assignment fee (if
assigning), hard money lender fees, estimated
after-repair value, and repair estimates,
and you will see how much net equity is left for
you or another investor, plus how much you would
net if you sold the property. There is nothing
else out there like this at this price!
Complete
instructions and explanations are provided.
Microsoft Excel is required to use this analyzer.
BONUS #5 : Help a FSBO sell a home and
make up to $2800!
In your forms
package you will find a 10 page PDF file that you
can send or e-mail to anyone selling his or her
own home on their own. These individuals are
called "FSBOs", which means, "For
Sale By Owner". I have a powerful tool that
will help them sell their
home FAST, to credit-challenged buyers
by being able to offer them seller-financing using
a national funding program. What this means is
that using our ads and methods, a FSBO can sell
his home to someone who may not qualify for
traditional financing, and still get their cash at
settlement. You get a
commission on all deals you assist on, ranging
from $1000 to $2800! A summary of this
program is mentioned in Chapter 10 of the book.
Marketing this service is fairly simple,
especially if you use the Internet and your local
market for leads. One place where I have
generated leads is http://fsbo.com.
WHAT WOULD YOU PAY FOR ALL THIS INFORMATION?
Go ahead and look around at what others are charging for a package
like this. You could pay $395 or more. But not here. All
you are going to pay is $39. And there is no shipping and handling. I will
send you the 135 page book in PDF format for you
to view on your computer, complete with over 100
hyperlinks, or print it out on your printer. You
also get all the forms, letters, contracts and
agreements in separate "Word"
documents, sent in a "zip" format. Just open each document in your word processor, edit the
blanks and print it out. To use the repair estimate form, just print
it out and take it with you when you go look at a house.
You
will also get ALL 5 Bonus packages listed above!
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Added: 06-Jan-2005, Views: |