Last night’s teleseminar was a huge success.  Over 300 investors called in to hear Mike Collins interview Charrissa Cawley and hear about her amazing product, Charrissa Cawley’s System to Building Wealth Through Unconventional Real Estate.

Charrissa talked about her innovative system of real estate investing in great detail giving a wealth of information in just this one the call.   This call is absolutely a must hear for all real estate investors, it’s jam packed with valuable tips and information all investors will find useful. 

For those of you who missed the teleseminar with Charrissa last night, you can hear a replay of the call in its entirety here:

 http://instantteleseminar.com/?eventid=1766550

Find more information about Charrissa’s System to Building Wealth Through Unconventional Real Estate product here:

http://www.rehablist.com/buildingwealth

Everyone is talking more about the down real estate market then they ever did about the boom. Some are even using the “R” word (recession).  The question we get three times a day is: Can I still flip homes in a down market?

The answer is yes. You can flip houses in a down market but you have to be smart about it. One half of your exit strategy has been severely reduced.  It is harder to sell to people who primarily do rehabs and resell the property. They know their end buyers are not as prevalent as they were a few years back. But there are still markets and niches where that strategy is working well.

The exit strategy I tell people to focus on is the one I WISH they would focus on in the boom times. That strategy is simple and still works in seventy or eighty percent of the county: Sell to the landlords! I call them  “ the renter guys”. You know the guys (or gals) who own ten, twenty, fifty or a hundred affordable single family home rentals. The guys who know this may be THE best time in history to build their portfolio up.

If you focus on finding them “portfolio units” for their business you’ll never worry about a buyer for your deals. They’ll write a check for the house and throw it in inventory. In following that strategy you will also find nice houses to rehab.

I wish more people would focus on this strategy starting out AND as they grow in their house flipping business for one simple reason:  It can make them wealthy! Imagine a job where a millionaire is your boss (and your buyer). More than your buyer he or she gives you a bit of information on HOW they got wealthy every time you interact about a deal. “That deal is a little high, that deal is not in a neighborhood I like.” etc.

YOUR JOB will be to help this person get richer but what will happen to you in the mean time? Free on the job training! You’ll be getting paid to learn their wealth building strategy. Here’s what I did over the years. I would kill myself to be the best finder I could be for the biggest single family landlords in my area. I would learn what “a killer deal” was to them to keep and rent. Then I would sell them average deals that they would buy but not be to excited about – and I would KEEP the best deals for my own portfolio!

Imagine a job where the boss told you exactly what they bought and how they did most of the business that got them rich AND paid you to learn it? Imagine being a kid on a treasure hunt every morning,  getting paid better than your current job AND working where the prize was units of your long term wealth strategy.

If people find this “sweet spot” of investment grade homes in their area, and become a commodities broker of that commodity, when a more normal real estate market returns they will OWN the market and be selling to rehabbers too -thus doubling their business again.

Wednesday, January 30, 2008 at 9pm EST clear your calendars and get ready for one of this year’s most anticipated teleconferences.  

I feel privileged to introduce to you one of  the most sought after real estate trainers out there who has clients in 7 different countries and travels all across the world teaching investors how to Build Wealth Through Real Estate Investing.  

When we heard how Charrissa Cawley, a former stay home mom, was helping investors all over the world actually get into the real estate investing game and build REAL wealth by simply duplicating her 10 step system that made her 2 million dollars in her first year as a real estate investor, we just had to get her here to teach us how she does it. 

After a long anticipated wait she is finally here!

Charrissa has created a very unique 10 step system to building long term and sustainable wealth through real estate investing and you will be amazed when you see how easy this system is and how well it works.

Wednesday January 30, 2008 at 9PM EST you are invited to join us for a once in a life time teleconference where I will be interviewing Charrissa myself to help all of you understand her system of investing and get you on your way to making $2 million in 2008!

To attend the teleconference, please follow the link below to register: http://www.rehablist.com/invitation/

What?!? You’re not going to the Advanced Mentoring Boot Camp in Tamp, Florida January 18-20, 2008?

 You are going to miss the extraordinary panel of guest speakers and real estate investing mentors who will be teaching at the event including Mike Collins, Chris Chico, Preston Ely, Dan Stojadinovinch, Tim Mai, Than Merrill and Brenda Ayala. 

You are going to miss premiere real estate investing networking event at the Wholesalers Ball Saturday January 19th. 

You are going to miss out on over $7,000 in bonus products including DVD training courses, 3 months of RehabList.com’s REI-Gold membership and much more. 

Don’t freak out just yet!  There is still time for you to reserve a seat, see the Advanced Mentoring Boot Camp page for more details: http://mogulus.com/bootcamp

For those of you who will not be able to make the trip, RehabList.com will be broadcasting limited news style coverage of the event. See the Boot Camp Broadcast Page for the latest starting Friday January 18, 2007: http://mogulus.com/rehablist

Most of us have had this experience. You hear about a seminar that says it can teach you about flipping houses or some other type of real estate investing with very little money down and no credit.

You say to yourself that that sounds like you and wouldn’t it be nice to learn how to make some real money.

So you call or email and sign up for the seminar, maxing your last credit card to the limit.

The day of the event you show up and get settled in to learn some good stuff.

Not knowing much about real estate investing yourself, what the speaker is saying gets you really excited. But then a small voice from within says:  But he’s still not teaching me anything about flipping houses.

 You ignore it but it persists.

Then about ninety minutes into the presentation he starts to tell you about a product that will tell “the whole story” or as they say “the rest of the story.”

And then like some type of weird pied piper scene you see 50 people following him to the back of the room. And you know if one of your credit cards had ANY money on it you’d be following him too.

Now I’ll be the first one to admit I’ve bought some awesome products this way and learned incredible things.  I’ve spent untold thousands of dollars on information products sold in this very same fashion.

The question I’d like to ask is this: is there a way to tell the difference between those types of “pitch seminars” and a seminar that you pay for that is just solid learning?

Can we have, like food warnings, warnings on which seminars are you pay we teach or ones that would be mostly what I call “introductory”?  I think it’s important.  There are a lot of really important life topics covered in these types of seminars and not only real estate investing.  There are seminars for stock investing, weight loss and other equally important topics.

These are all just brain storms right now but I do have an event coming up that is strictly “No Pitch”. It’s about flipping houses and my experience doing that for twenty years. You can check it out

http://www.rehablist.com/bootcamp/

I’ve also registered “NoPitchSeminars.com” and we’ll see if we can’t get this idea off the ground.

OK, so if you read part one of Flipping Houses In a Down Market you learned that selling to professional landlords will get you farther faster in your career than any other strategy. The part that I left out was that some areas simply won’t allow for as much of that as others (most of California comes to mind). While there are some new rental purchases in these areas, most of the distressed properties are sold to rehabbers who fix and then resell.

Now I know you’re probably waiting for some new words of wisdom here but I just don’t have any. Sell to the PRO’s! Sell to people who are FULL TIME rehabbers.

It’s not what you EARN. It’s what you LEARN.  

NEVER could that phrase be more true. Can you imagine a better scenario where a person who can write a check for a house actually confirms that

 you have a good deal by writing that check? Part of which goes directly to you!

When selling to what I call “The Renter Guys” you will learn more in three transactions than you will in twenty selling to newbie’s that may or may not make a profit on the deal you sell them. The blind leading the blind comes to mind. 

The other thing you need to keep in mind is what most people get WAY wrong, the price range of houses to hunt for! Most people are enamored with the type of houses they might want to live in. Nothing could be more wrong for most of us.

These houses are COMMODITIES.  It’s always easier to find what you’re looking for if you know EXACTLY what you are or should be looking for! More on that in the next post.

I’m tired of people telling me that flipping houses is dead because of the retail real estate market. Just because the subprime mortgage market imploded and people are not buying houses RETAIL does not mean WHOLESALING houses is dead. Heck it’s even better!

People with money, smart contrarian investors and just the average guy looking for a house are always looking for a good deal. If you can provide  that product you can make awesome money flipping houses NOW.

A few things you need to remember to succeed in flipping homes in early 2008: If you live in an area where the price structure is  such that the houses will RENT at a break even or better, if you buy them at the right price, you live in  literal gold mine!  People who have assembled portfolios of rental houses will buy your  finds faster than you can say Flip this house! Now look, you’ll have to take a little less money than  you would if you had to hold the hand of some newbie but PLEASE listen up to this gem of information: You will learn more in two or three of those transactions then you will in twenty or thirty with newbie’s. You’ll learn the real sweet spot for getting truly wealthy IN YOUR AREA!

So when you want to start holding a few houses for you retirement you’ll be ready.  Stay tuned to Part Two: Selling to the people who rehab for living..

Do you ever feel like investing in real estate and flipping houses can turn your life upside down? 

Check out these crazy houses, literally flipped upside down.