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confessions of the wholesaler ebook

Archive for June, 2007

On the Call:
Mike Collins
Charles Petty

An excellent opportunity is on the horizon for people looking to get into real estate investment. In this call Charles Petty tells us about his turn key telebootcamp to teach you how to find hot properties, negotiate on them, setup the deal with all the right paperwork, and make a paycheck using the techniques that he has used to reach monumental success.

If you cannot hear the call using this player just right Click Here and go to “Save File As..” to download the call.

And remember: "QL + QP + RS + BL + R = A Big Profitable Wholesaling Business!"

Click Here to Purchase Charles Petty’s "The Ultimate Turn Key Telebootcamp and Coaching Program

If you’re serious about becoming financially independent and being able to spend more quality time with your family and live the lifestyle you deserve then you owe it to yourself AND them to be on this call. This is a call that could change the way you invest forever!

On this call you will get a complete overview of the Business of Wholesaling Houses including:

*How you make Wholesaling a Six Figure Business very quickly!

*Why Wholesaling Houses is the ultimate lifestyle business.

*Kim and Charles’s formula for a highly successful wholesaling business.

*How to build your business from 1-2 deals a month to 6-10 deals a month.

*The top 5 mistakes that most real estate investors make.

 *Why finding ugly properties can be broken down into a simple formula that will work over and over again .

  *Why wholesaling can be "Turn Key" and easy —if you have the right system

*Why buying wholesale properties super-cheap can be easy

*Why finding eager cash buyers or buyers that can qualify for private financing for your wholesale deals can be easy

*How wholesaling can catapult you to real estate success FAST FAST FAST.

Below are the two free special reports callers got for signing up:

Working with Foreclosures, Banks, and REO Agents

15 Attention Getting Ads: Special Report

 

6 comments Posted at Conference Calls, Real Estate Investing Tools

On the Call:
Mike Collins

In this hour and a half long installment Mike Collins takes you from the ground up with contracting deals. He shows you where to start, what to do, and brings you through the whole process until you get to the best part: cashing the check!

Transcript from call:

Mike Collins

Everything to this point has basically got you in front of a seller. You’ve done your intake, you’ve done your marketing, you’ve done your evaluations, you’ve done your numbers, you’ve worked on your system and your computer. You’ve got your intake sheet and your realquest sheet. You’ve got your file, and you’re showing up at the sellers house. You’re showing up at the door and you’re looking to contract the house. And you know, my famous line is "sticky kitchen table." This is how I buy houses, how I’ve always bought houses, this is the only way I know how to teach it. By leaving our the realtors and the bankers, and everyone. It’s direct marketing in every form and fashion to the seller and then I talk with them directly. Then I strike a deal on the house."

To hear more just click play below!

If you cannot hear the call using this player just right Click Here and go to “Save File As..” to download the call.

1 comment Posted at Conference Calls

On the Call: Mike CollinsGuest Speaker: Dave Dennis

Another exciting day for the RehabList team. Mike Collins and Dave Dennis get the pleasure of unleashing our RehabHardMoney program officially.

Dave Dennis:

“Our Affiliate Lender Program is very straight-forward.  We align ourselves with one local hard money lender, hard money broker, or private lender who becomes our exclusive hard money source for an entire county. Most of our Affiliate Lenders actually represent multiple counties or even entire metro areas.

All  requests for hard money financing received through RehabList.com for your territory are handled exclusively by you.   Each new property listing posted on the RehabList.com website is actually emailed  to the county’s corresponding investor buyer’s list with a link to obtain hard money for the deal.  We generate a large percentage of our hard money leads through this “HotList” email, which allows you to capitalize on the ever-growing, 65,000+ real estate investor network and the tremendous traffic that RehabList.com has on a daily basis.

 

Equally important, is that RehabHardMoney.com is at the top of the major search engines for the most-searched hard money related keywords.  In fact, both RehabHardMoney.com and RehabList.com score first page results on Google.com, Yahoo.com and MSN.com for the same keywords.  Your hard money operation will instantly have not one, but two top ranking websites driving a constant stream of new clients directly to you…and only you.

 

Among the technical features of the program is an email auto responder system for you to tailor your own unique message to each of your new leads.  You will also have your own unique RehabHardMoney.com “Thank You” page displaying your contact information to your new potential clients.  Without question, the most powerful feature is your ability to direct email market your company to the local RehabList.com user group from the comfort of your own desk. 

 

The bottom line is that you will have more exclusive leads, have more new clients, have more market exposure and branding, and close more deals than ever before…”

If you’d like to hear more about how you can be the exclusive hard money lender on the highest ranking hard money website for ALL the big search engines, listen to the rest of the call below.

 

If you cannot hear the call using this player just right Click Here and go to “Save File As..” to download the call.

8 comments Posted at Conference Calls

On the Call:
Mike Collins-CEO
Dave Dennis-Program Director
Rich (our recommended media buyer)

In this short and sweet conference call, Dave Dennis brings more content you just can’t afford to miss. Mike tells how he started living his life self employed by getting as many deals as he could across his desk everyday, and getting his information in the right hands.

From the call:

Mike Collins

I’ve been wholesaling houses for a living, haven’t had a real job for twenty plus years. It’s been my only source of income. Well, not anymore, now with rentals and rehablist and such but for a good solid 15 years my only job was to buy houses and to wholesale them out. I develeoped my own little business model which was what I wanted to do day in and day out. And I’ll stress this a couple more times during the calls but I wanted to setup my life so I saw deals everyday go across my desk, and I go to cash flow my business, live nice, drive a nice car, from my business but the business itself and this is where most of our good consulting comes from. Most of our relationships with you comes from is business model development. To be able to see the quality rentals or big ticket rehabs that I would rehab. But the business itself was run with what I call "advertising driven wholesaling". Where I would advertise, and I go way, way back gang and it’s one of the things that I mentioned in the e-mail that you signed up on; there’s a lot of people that are not going to want to finance a fifty to sixty thousand dollar a month television budget like we’ve done before, but they are interested in starting small and learning this system of advertising driven wholesaling…"

To hear the call just click play below!

If you cannot hear the call using this player just right Click Here and go to “Save File As..” to download the call.

2 comments Posted at Conference Calls

On the Call:
Mike Collins
Bruce Prokopets

Mike and Bruce talk about how you can use the internet to get all the leads you need to have a successful rehab business. Here you’ll learn the importance of diversity in your lead generation systems, local search engines, and conversion rates. But that’s not all, there’s so much more! Don’t miss out on this one!

 

If you cannot hear the call using this player just right Click Here and go to “Save Target As..” to download the call.

Keep watching Real Estate Investing Tip’s “Tools” catagory for information on how you get the seminar when it is released!

0 comments Posted at Conference Calls

Host: Mike Collins
Guest Speaker: Russ Brantmyer

If you’re interested in investing in real estate today is your day. Stop wasting your time reading articles and buying courses. It’s time to start ACTING! Russ Brantmyer, our real estate investing guru here in Tampa Florida is ready to teach you how to establish, and grow your investment portfolio.

To explode your business in your area just listen to this amazing call for all the details!



If you cannot hear the call using this player just right Click Here and go to “Save File As..” to download the call.

To lock down your spot for this once in a lifetime opportunity please contact Russ Brantmyer at (813) 865-7171.

4 comments Posted at Conference Calls

Introduction

Confession time:

I was a real estate investment guru junkie. In fact, I’d always wanted to buy and sell real estate, be the wheeler-dealer. It sounded incredibly cool!

But, for 8 YEARS I made excuses. True enough, I was in the Navy and moving frequently, but that was only a weak-minded excuse. I sometimes wonder sometimes where I would be financially IF I would have steadily bought property at every stop in my Navy career.

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But, that’s water under the bridge!

I confessed that to you so that you understand that over those 8 years, I bought books, courses, and even attended seminars of my share of gurus.

Times changed. A couple of years before finishing up my 20 years in the Navy, I DID conquer my fears and started buying distressed property. Heck, unless I wanted to go get a J-O-B after the Navy, it was time to fish or cut bait!

Now, I’m having a blast doing it, and let’s just say everything is different for me financially in a very positive way. ☺

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All that time spent learning WAS NOT a waste of time by any means. The background knowledge I possessed as I got started was of tremendous value!

That said, I thought it would be a good idea to pass along what these Real Estate Investment Gurus didn’t prepare me for.

Disclaimer 1 I’m not naming names here or “telling” on anyone. Some gurus might have covered these points. My memory isn’t what it used to be ☺

Disclaimer 2 Some of these items are unpleasant surprises that I’ve encountered on the way. Don’t think for a minute they can dissuade me from charging forward and continuing my investing. Some of these were surprises to me, but dealing with all the negative this business has to offer is WELL WORTH IT!

Okay, let’s start with the realities that gurus don’t tell you that are unpleasant…

Continue Reading –>

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Section 1.

  You’ve Got More At Risk Than Your Binder/Escrow Money!

When you plop down $1,000 as a binder to buy that wonderful piece of investment property, you are taught believe that you can always just walk away, no harm, no foul. Some gurus teach you to put in an inspection clause in the sales contract, so you’ve got that time to back out regardless of the real reason you want to back out. Worst case scenario is that you lose your inder. The reality. Everything above is TRUE, except for the no harm, no foul part. If you are buying from Joe and Judy Homeowner, and you decide to walk on the deal, you can probably get away with invoking the inspection clause or just walking and losing your binder. (In some cases, they’ll give it back to you anyway.) If you are working with a wholesaler (a smart way to begin), and you back out on a deal you are forcing your wholesaler into a very tight spot. They either have to find another investor to buy the property, or buy it themselves.

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Wholesaler: A real estate investor who specializes in finding distressed property (physically or situationally), gets the property under contract, and then makes his money by assigning that contract to another investor (a rehabber) for a fee. They are always busy, often harried, and perpetually worried!

A wholesaler incurs risk each time he or she assigns a contract to you because if you do not perform (complete the sale), it’s the wholesaler’s name on the contract! Yikes! The wholesaler certainly is not going to damage his reputation by walking on the deal without good reason, so if the wholesaler cannot find another buyer, guess who buys it?

You can see where your name will fall on the wholesaler’s list if you back out on a deal, especially at the last minute…Dead last! This could cost you hundreds of thousands of dollars over time in lost opportunity.

I’m not telling you to never back out of a deal. If something comes to light that makes the deal an extreme stinker, by all means walk, or run away. I’m just saying to use this Trump card very, VERY carefully. Guard your reputation among fellow real estate professionals jealously!

Continue Reading –>

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Section 2.

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I’ve read book after book where the real estate investment guru explains the process of putting out some signs, hitting the courthouse records, then meeting Joe and Judy Homeowner who are divorcing, and convincing them to sell you their house. Then they tell you how to rehab it, market it, and eventually offer owner financing, selling the note and so on.

Hold on cowboy! That’s a little much for someone walking into this as a newbie!

Finding property on the wholesale market is a virtual art form in itself, and can be thought of as an entire genre of real estate investment. In fact, those that are good enough at it to make a decent living are good at it because:

  1. They’ve got some experience in real estate investment (years!).
  1. They are experts in the local real estate markets (yes plural).
  1. They know how rehabbing real estate works.

Wholesaling property is a difficult entry point into real estate investment (more on that soon). Rehabbing is much easier for many reasons including

  1. Wholesalers NEED you to stay in business.
  1. You don’t have to do the work yourself.
  1. You have some choice with what you are going to do with your own property.

Most gurus choose to BURY their student in information because it justifies the $500 or more you just spent! It also discourages many from even getting started!

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So rather than trying to tackle the gamut of real estate investing, start with what you are most likely to succeed with (probably rehabbing a property). Sometime during the rehab, decide to retail the property or hang onto it. Get some of these manageable projects under your belt, enjoy the benefits of that, and then try branching out. Not the other way around!

Rather than waiting for that wholesale deal, use a wholesaler to help you find a good property where you’ll get started right. Believe me, that wholesaler has a vested interest in you getting started. If you turn a good deal, make some money you will become a repeat customer, and that is a valuable commodity in any business! Let a wholesaler find that property for you, and you concentrate on the other aspects of the deal…and there is plenty to concentrate on.

I hope you find a couple of wholesalers like I have. They bring me great deal after great deal. They work fulltime while I work maybe 10 hours a week at this.

Continue Reading –>

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Section 3.

I don’t know about where you live, but I see “We Buy Houses” signs everywhere, but I don’t know anyone who puts them out. I don’t use them. I get most of my property from wholesalers who are allied closely with bankruptcy lawyers, real estate attorneys, banks, finance companies and the like. They buy them on the courthouse steps. They snatch them up in pre-foreclosure,

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they wrestle them away from Real Estate Owned (REO) departments at banks. It’s a tough business.

So, when you start doing wholesaler stuff…sniffing around where they get their property, you become competition. This goes over like a lead balloon. Wholesaler alliances are tight and well protected.

Know that you may be stepping on toes, and be seen as a threat if you venture into the wholesale business. You probably won’t get beat up, but you might not find much cooperation if you ever happen to need it.

Now let’s say your wholesaler brings you a property that you can turn around and assign to an investor you know for a fee. More power to you. That’s legal and fine.

Here’s what you probably should not do:

I noticed on my closing paperwork that I bought several properties from a big time investor in my town named Mr. Bigs. But, I bought these through a wholesaler and paid the wholesaling (assignment) fee. Now, if I start courting Mr. Bigs directly for more property, trying to cut out my wholesaler, I can probably bet that my wholesaler won’t be bringing me more good property, and it pays me big time to be at the top of my wholesalers list! In addition, Mr. Bigs might have a soft spot for the poor ol’, hard-working wholesaler and hate what he calls “back-stabbers”

(who try to cut out wholesalers) and never deal with you again. In fact, he might put the word out on you.

While this did not happen to me, I’ve heard tell of very similar scenarios taking place.

No real estate investment guru prepared me for this reality.

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Continue Reading –>

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