In just a few weeks I am releasing a program that teaches investors how I have created a hugely profitable mortgage assignment business and how they can do it too. I’m going to tell you all of the secrets to my success and give you all the tools, the scripts, the whole enchilada; this is by far the best mortgage assignment program out there, period.

Who am I? I’m not one to toot my own horn so here’s a professional bio that was written about me:

“Phill Grove has been called the most successful residential real estate investor in post-bubble America by dozens of today’s top guru’s. He has conducted approximately 0M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill teaches how to zig when others zag, and believes the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and has never seen a bigger opportunity than now to grow rich while helping others.”

For many years my main focus as a real estate investor was short sales. Over the last year or two the short sale business has increased but the number of short sales that banks are approving has steadily declined. There were still a ton of homeowners facing foreclosure that needed my help, but there were no assurances that the bank would cooperate if we started a short sale. In order to facilitate these deals and to make the type of money I was used to making my focus transitioned to mortgage assignments. I had so much success with this new strategy that I decided to create a mortgage assignment program for other investors to share in the wealth (I know this seems a little unorthodox, I should keep my killer secrets to myself, but truly there are way more mortgage assignment deals out there than me and a thousand clones of myself could handle).

The Mortgage Assignment Program
So what is it? My mortgage assignment program will show investors how to do something that no one else is teaching. It’s a basic premise: I will show you how to sell ‘unsellable’ houses to ‘unloanable’ buyers.

The mortgage assignment program will provide you with tons of content. I will go over how to acquire the properties, how to market to both buyers and sellers, the tools I use in my business, how to process the leads, and how to plan and structure your business. You will also get a ton of material to use such as my contracts, disclosures, prospect questionnaires, and legal forms. In the next few weeks I will be releasing a series of videos that will teach you about the mortgage assignment program and all of it’s offerings.

Can Investors Make Money With An Assignment of Mortgage Note?

In a simple answer yes! I do it all the time.  And the best part is, we are in the best time ever for investors to profit using an assignment of mortgage note.  And here is why:

The Perfect Storm For The Assignment of Mortgage Note:

1. Over the last year we have seen foreclosures hit an all-time high in the U.S.  This means there are a ton of sellers out there willing to do whatever it takes to keep from getting foreclosed on as well.
2. Nearly 22.5% of homeowners have negative equity in their home.  This means they would have to PAY to sell their homes.
3. Banks have greatly tightened lending guidelines. This means that there are tons of would be buyers out there that don’t qualify for traditional mortgages.

What does the assignment of mortgage note have to do with these facts.  There are a ton of sellers with little or no equity in their homes, facing foreclosure or needing to sell; there are tons of buyers that want to buy homes but the bank will not lend them money.

How does the investor fit in with the assignment of mortgage note?

By using specialized knowledge to place this group of motivated sellers with this group of motivated buyers an investor can make ,000 to ,000 or more on each transaction that they put together.  The best part is….

this type of transaction does not require any special license and no money or credit from you, the investor.

How does an assignment of mortgage note work?

Many times called a mortgage assignment or mortgage assumption, an assignment of mortgage note will be an agreement between a buyer and a seller for the buyer to purchase a home while the seller’s existing financing stays in place.  The mortgage note is literally assigned to the new buyer who accepts the responsibility of paying on that note in the future, in exchange for getting the deed to the property.

If you would like to learn how to invest using assignment of mortgage notes please check out my program: Mortgage Assignment Profit System.

In just a few weeks I am releasing a program that teaches investors how I have created a hugely profitable mortgage assignment business and how they can do it too. I’m going to tell you all of the secrets to my success and give you all the tools, the scripts, the whole enchilada; this is by far the best mortgage assignment program out there, period.

Who am I? I’m not one to toot my own horn so here’s a professional bio that was written about me:

“Phill Grove has been called the most successful residential real estate investor in post-bubble America by dozens of today’s top guru’s. He has conducted approximately 0M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill teaches how to zig when others zag, and believes the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and has never seen a bigger opportunity than now to grow rich while helping others.”

For many years my main focus as a real estate investor was short sales. Over the last year or two the short sale business has increased but the number of short sales that banks are approving has steadily declined. There were still a ton of homeowners facing foreclosure that needed my help, but there were no assurances that the bank would cooperate if we started a short sale. In order to facilitate these deals and to make the type of money I was used to making my focus transitioned to mortgage assignments. I had so much success with this new strategy that I decided to create a mortgage assignment program for other investors to share in the wealth (I know this seems a little unorthodox, I should keep my killer secrets to myself, but truly there are way more mortgage assignment deals out there than me and a thousand clones of myself could handle).

The Mortgage Assignment Program

So what is it? My mortgage assignment program will show investors how to do something that no one else is teaching. It’s a basic premise: I will show you how to sell ‘unsellable’ houses to ‘unloanable’ buyers.

The mortgage assignment program will provide you with tons of content. I will go over how to acquire the properties, how to market to both buyers and sellers, the tools I use in my business, how to process the leads, and how to plan and structure your business. You will also get a ton of material to use such as my contracts, disclosures, prospect questionnaires, and legal forms. In the next few weeks I will be releasing a series of videos that will teach you about the mortgage assignment program and all of it’s offerings.

www.mortgageassignmentprofitsreview.com Hear what the buyers and sellers of this home have to say about using owner financing and mortgage assignments as their home financing strategy in this market. Visit the following sites for more information about how you can do this too: www.mortgageassignmentprofitsreview.com www.danirobison.com www.ownerfinancehomestore.com Phill Grove Phil Grove Love American Homes Love Austin Homes Real Estate Investor Guru Real Estate Training Real Estate Coaching Real Estate Mentor Mortgage Assignment mortgage assignment profit system mortgage assignment profits maps system mortgage assignment success mortgage assignment investing
Video Rating: 1 / 5

It is now a common knowledge that the overall US housing market was hit by the recent economic recession. In many markets, the housing bubble burst, which led to a highly volatile market. As consumers and homebuyers find buying new homes as an impractical investment activity to do, the rise of foreclosures has brought about new sets of opportunities. Emmetsburg Iowa foreclosure and foreclosed homes in other states are cheaper now.

One good thing home investors note about the current housing market is that it has become a “buyers’ market.” Why are foreclosures so cheap during a buyer’s market? A buyers’ market happens where there are numerous homes that are offered and sold at premium value. The increase in volume of foreclosed homes that are up for sale also makes up this market. Thus, these days could be considered as among the best and most strategic time to buy foreclosures.

The economic difficulties have led to higher unemployment. In the process, many homeowners who have mortgages have defaulted in their loan payments. Thus, the volume of foreclosed homes has significantly grown. Why are foreclosures so cheap? When there are more than enough of supplies, prices tend to go down. One good thing about the rise of foreclosures is that home prices drop. Thus, in a buyers’ market, more homebuyers are excited and interested to shop around; because there are much more choices and prices tend to be more reasonable.

Another important consideration about a buyers’ market is that prices in sought-after and usually costly areas tend to be more affordable. This is not unique to Emmetsburg Iowa foreclosure. Thus, it is now possible for any strategic homebuyer to find and buy foreclosed homes in expensive areas. The glut in supply of foreclosed properties has dragged down prices. Remember, in the law of supply and demand, prices get lower when there is oversupply. It is the case of foreclosures these days.

A homebuyer could intend to buy any foreclosed home at reasonable prices today. He could make the home a permanent property for him and his family. He could also use foreclosures for business. For one, he could turn the acquired foreclosed home into a rental, so he could regularly earn from leasing it. Second, he could opt to sell it to other buyers in the middle to long term for higher prices, so he could earn a profit.

There is no doubt. In this buyers’ market, it is now the best time to invest in foreclosures anywhere in the country. No one should be surprised ask himself, ‘why are foreclosures so cheap?’

Get the news about Emmetsburg Iowa foreclosure and about foreclosed homes in many other cities and states as well as updated listings of foreclosures for sale here, at BuyForeclosuresSale.com.

Article by G. Mundy

The free-wheeling, frenzied-borrowing casual lending practices in play over the last few years have generated warnings from all quarters of the financial sector about the danger of overextended consumers and irresponsibly designed loans. The first signs of these warnings becoming reality became apparent this week as the Mortgage Bankers Association issued their quarterly report on homes in foreclosure. MBA said Wednesday that loans entering foreclosure during the second quarter rose 29 percent from the first quarter.

One Merrill Lynch analyst wrote “This is the first sign of meaningful weakening in the prime mortgage space…A downturn in credit may be just around the corner.”

The meaning for mortgage lenders is this: if consumers start defaulting on mortgages, investors who buy mortgages in the secondary market through loan-backed bonds will lose their appetite for risky loans. Mortgage lenders will then either make less profit when they sell their loans through securitizations or be stuck with portfolios of undesirable loans, leading to bank owned foreclosures. Government insured loans that go into foreclosure don’t impact the banking industry, but homes in foreclosure on bank owned mortgages cost the lending institution an average of ,000 to close out.

What it will mean to consumers is that credit terms will tighten and maybe – just maybe – banks will reconsider handing out option ARMs and interest only loans to anyone who walks in the door. Some analysts think easy credit conditions and a housing boom may have led lower-income consumers to bite off more than they can chew; thus the sudden jump of homes in foreclosure.

During the housing boom many home buyers with weak credit took out exotic mortgages such as adjustable-rate loans, which have payments that reset when interest rates rise. Now that interest rates have risen substantially and the rates are resetting, analysts fear a continued rise of homes in foreclosure. Other analysts believe that the defaults won’t continue on a steep upward curve unless unemployment rises. However the abrupt downturn in new housing starts that has already occurred may well launch a softening employment market.

What does this mean for those of us who want to buy a house in this market that is finally cooling? It means that bank owned foreclosures are going to force financial institutions to tighten their credit requirements. It may mean the removal of some of the more blatant teaser-type mortgages from the market, which would be to everyone’s benefit. It’s a fair guess to say that many or the people with homes in foreclosure didn’t understand the terms of their ARM entirely.

Bank owned foreclosures as well as government-sponsored mortgage foreclosures will also lead to an increase of foreclosed properties going on the market. If you’ve seen the hundred and one get-a-house-for-nothing advertisements for guides to buying in the foreclosure market, understand that generally speaking this is not a market for amateurs. There’s more to evaluating a home in foreclosure than looking at comps in the area. Most auctions require you to plunk down a substantial sum of cash to participate; finding a bargain in the foreclosure market takes patience, research, great caution and cash reserves.

More Foreclosure Articles

Here’s how to make big cash in the Short Sale foreclosure business: Automation. This is 2009. It’s all about information traveling at lighting speed. In this article we will cover: How to buy foreclosure property, How to do short selling 99% automated, How to Short Sell for maximum cash flow and why REO real estate are poised to make those in the know an absolute fortune in the coming months.

Here’s how to make big cash in the Short Sale foreclosure business: Automation. This is 2009. It’s all about information traveling at lighting speed. All you have to do is reach out your hand, and grab it! Many real agents and investors interested in how to do short selling or how to buy foreclosure property,often spend months trying to find a short sell foreclosure to short sell and close, that one high five-figure or even a six-figure deal. Meanwhile, they pass up hundreds of profitable lower-priced short sell foreclosure properties and REO real estate. Why? They lack the simple Short Sale blueprint that attract distressed home owners to them.

And (I hate to even say it), this Residential Real Estate Crisis is only beginning! The little discussed, but very real ‘Commercial Real Estate Bubble’ is on the horizon, and is poised to pop. No, no.. actually ‘explode’. Strip malls, empty office space, and deserted commercial properties are far more over leveraged than properties in the current housing crisis. When, and not ‘if’, when the commercial real estate bubble explodes, it will dwarf the 2008-09 housing crash by many magnitudes, further depressing real estate values as a whole nationwide. This will see a sharp increase in short foreclosures and REO real estate. Not to mention the ‘phantom inventory’ that banks have yet to flood the market with, numbering up to 675,000 across the United States.

Point is, this party is just getting started.

So, here’s the question: “How to buy foreclosure property and short sell foreclosures at rock bottom prices? How to profit from foreclosures, bank repo houses, and a good pre foreclosure, and foreclosure property listing? What exactly needs to be done.

So, here comes the second question: If you had the ‘perfect’ Foreclosure Short Sell Blueprint, wouldn’t you maybe, just maybe, you could spin this entire sub-prime mortgage catastrophe to your advantage?

Do you think that if you knew how to profit from foreclosures, how to short sale, a foreclosure property listing and a 1, 2, 3, step simple system, that you could make an absolute fortune in REO realestate, bank repo houses, short sell foreclosures?

Not only that, but could you also make your ridiculous fortune with short sell foreclosures, easily, on autopilot, from this historic (and ongoing) residential real estate crash?

The answer is a resounding “Yes”

But here is the harsh reality: Many real estate investors, foreclosure property listing brokers, pre foreclosure short sellers and agents sometimes work for three months, maybe netting ,000 on one large deal. And to be blunt, many have absolutely no clue on how to profit from foreclosures, how to buy foreclosure property, and how to do short selling for maximum profit, with minimal work. They simply aren’t doing it right, they aren’t getting ‘The Big Picture’ in the new REO real estate, short sell foreclosure,  and bank repo houses landscape. Wouldn’t you rather close 8 to 10 easy-to-find pre-foreclosures every single month like clockwork for ,000 profit each on autopilot than starve for months waiting for your short sell foreclosure deal to come through?

Clearly, this is a rhetorical question. Quantity with minimal effort: This is the new short sell foreclosure  reality.

That’s where having the proper Short Sell Blueprint comes into play. Knowing how to do short selling and  how to profit from foreclosures now is a whole different ball game on how to buy foreclosure property. The reality is many short sales fall through at the last second simply because they weren’t ‘structured’ properly. Learn to structure Short Sales perfectly and have the bank, the owner and the investor working together for you, all 100% automated.

Ron Butterfield is a Loss Mitigation Specialist and aspiring author. He lives in sunny Redondo Beach, California.

Did you find those tips on making a Fortune with Real Estate Short Sales useful? For more information, please click/” target=”_blank”>http://www.foreclosedhomeslasvegasshortsales.com”>Click Here.

Related Foreclosure Articles

I have a simple strategy that I use when I want to get a short sale sold. Here is the process:

1. List the Property
2. Get an Investor Offer on the Property
3. Collect current Financials & other Short Sale Documents
4. Submit entire short sale packet to lender(s)
5. Order BPO/Appraisal and lender’s BPO/Appraisal
6. Start a “Dutch Auction” list price weekly reduction
7. Negotiate lowest acceptable net price to lender
8. Compare Highest & Best offer with lender’s approved price/value
9. Close transaction

Here is a short summary of the reasoning behind each step:

1. List the Property For Sale

The lender wants to know that we are doing everything we can to facilitate a sale. If the lender knows that it is listed and marketed on the MLS then we have the best chance of finding a qualified end buyer.

They also know that the offers from a listed property represent “market value” and are more willing to negotiate a good settlement value.

2. Get an Investor Offer on the Property

Investors will always offer a low price on any property in order to get the best deal available. At this stage of the game it doesn’t matter, we just need a legitimate offer that we can submit to the lender to get the short sale process started (we are always honest and never fabricate an offer). We also want that offer to be low so that we can find the lowest acceptable value that the lender will approve.

3. Collect current Financials & other Short Sale Documents

The financial information needs to be current so it is collected when we have an offer. I have a network of investors so I know I’ll have an offer within a couple days of listing the property so I begin to collect this information immediately.

The short sale documents include all the financial information to “prove” to the lender that the seller can no longer afford to keep the property and that they need to sell it. These documents also show what happened to the seller because they could afford the property when they bought it and now they can’t they afford it. All information needs to be truthful and honest.

4. Submit entire short sale packet to lender(s)

All the information is submitted in one packet to the lender. This keeps information from becoming lost and allows the process to move forward more quickly. Since most lenders are backed up with other short sales and foreclosures, the first several calls to the lender will just be checking on information and making sure that all information then lender needs has been submitted. Any missing information can quickly be resubmitted.

5. Order BPO/Appraisal and lender’s BPO/Appraisal

While almost no one does this, we order our own BPO on each property. We want to have an independent opinion of value and price. The 1st mortgage lender will almost always order their own BPO (an appraisal if the loan is over FHA limits) to establish value. With our own BPO in hand we will meet the BPO agent and show them the property and give them a copy of the BPO as a second opinion. We will point out those things which are important to the value of the property but that may not be obvious to someone not already familiar with the property. Our main objective is to get an idea of where that agent feels the value of the property will be (although they never tell us their value). We also use our BPO to send to any junior lien-holders so they are also aware of value (which makes negotiations with them go more smoothly).

6. Start a “Dutch Auction” list price weekly reduction

To get the best price available we need to have competing offers. Once the BPO has been completed by the lender we start to lower the price each week until we start to get offers on the property. If we don’t see any offers during the week we lower the price. (I like to lower the price on Thursday so that anyone looking for homes to view over the weekend will see the price change and come to see the home.)

7. Negotiate lowest acceptable net price to lender

Once all of the paperwork has been received by the lender the case/file is assigned to a negotiator who then orders the BPO/appraisal. (Note: We hold any subsequent offers until the negotiation is concluded to establish the best possible pay-off/settlement the lender will allow for the seller.) Once the BPO has been received by the lender we begin the actual negotiations. We know that the lender’s BPO value represents the price that the lender believes they can sell the property for (should they take the property back through foreclosure).

We know that the lender’s bottom line is below that number because the foreclosure process is very expensive (attorney’s fees, property insurance, loan interest to Fed, selling costs, commissions, concessions, and dropping property values…not to mention the problems the lenders are having with too much bad debt on their books). Those costs generally add up to 15-20% of the property value (they can be significantly higher in upper-end homes). The lender will negotiate a value that is as high as possible but at least higher than their bottom line through the foreclosure process. Once they agree to a net value it is logged into their system.

8. Compare Highest & Best offer with lender’s approved price/value

Once we have determined the lender’s bottom line we will compare that value with our highest & best offer on the property. If the H&B offer is significantly higher than the lender’s approved bottom line then the investor will buy the property and resell it to the buyer with the H&B offer. However, if the H&B offer is not significantly higher then the lender’s bottom line then the H&B offer is submitted to the lender for approval and that buyer will close a single transaction. (Significantly higher means about 12-15% of the property value. The investor will have costs associated with 2 closings: 1% 1st closing costs, 3% money costs, 1% 2nd closing costs, 3% commission to 2nd buyer’s agent and the investor’s profit. So if the investor finds their own buyer they can reduce the sales price by 3% and still be profitable.)

9. Close transaction

Finally we close the transaction, either with or without the investor. The seller should be done with this settlement and no further negative reporting from the lender (our agreement with the lender states something to the effect of “satisfaction in full to seller”). Because the lender is writing off the “bad debt” lost in the negotiations, the seller may see a 1099 tax form which shows the lender’s loss as income for the seller. If the property was the seller’s principle residence then that “income” may be excluded from their taxes (some restrictions apply so consult your tax advisor).

Conclusion

At the end of the day this process is not 100% successful. However, it is a process that gives the seller the best chance of getting an approved short sale from their lender that is sellable in today’s market.

Short sales are the gross revenues business deal in which seller’s loaner agrees the conditional conveyance of property as security for the repayment of a loan to accept a final payment of a debt to a lesser extent than the balance owing on the loan. It happens whenever the economic value of possessed property is more than a house. This condition usually occurs when the prices of home in a particular area decreasing quickly.

For most of the householders, this kind of sale is an ultimate approach to get rid off from the legal proceeding or insolvent. To proceed with this sale, first of all find out the current value of your house. For this you can consult a certified and expert real estate agent who will make you aware about the some important facts like current value, probable selling price based on similar home in that location.

Be cautions while procuring information via internet as they might be not updated regularly. After that, do not disregard to acknowledge about your final monetary value. The skilled real estate agents will bear in mind the fixed charge including entitle account, assessment, written agreement, land tax, and commission of the agents to figure out the approximate concluding monetary value upon ending.

Albeit, all short sales in real estate business doesn’t proved to be a pleasurable business deal. Whenever the loaners have a full consent in short sale, it shows the loaner is ready to accept the property whose economic value is less than the total amount owed. Not all properties fall under these deals. Moreover not all the loaners will agree to accept these deals or economical redeems. Before having a short sales there are few points that should be kept in mind just to avoid some complications:

• Receive some legal advice from expertise and certified real estate lawyer.

• Consult a comptroller auditor to confer all the taxations incorporated with short selling

Most of the short sales are legal but scurrilous sale agreements are not legal. Some of the customers who are seeking home short sales without gaining much information about the short selling can’t work properly which will cost them either in time or money or both. The more knowledgeable you are the transaction will become easier for you and you will be able to generate the good impression on the loaner.

Millions of homeowners are “under water” on their home loan and facing foreclosure. However, there are foreclosure alternatives. Learn more about the fastest growing alternative – Short Sales – and why this option is more attractive to both the homeowner AND the lender. Your qualified RE/MAX agent can guide you through the process.

More Short Sales Articles

A real estate short sale occurs when a property owner sells their property for less than the mortgage amount owed to their lender(s). On the surface, this may seem like only the borrower benefits from such a transaction. However, that couldn’t be further from the truth. Note:  See our “Are You a Short Sale Candidate” to find out if you or someone you know are short sale candidates.

For discussion purposes we are going to assume a homeowner is a short sale candidate.

For the homeowner, a short sale makes it possible to sell their home for less than the total amount owed. The sale of the property releases the homeowner from their debts and obligations without having to file bankruptcy or endure foreclosure. The homeowner is able to save their credit, regain their dignity and their peace of mind. Lastly, the homeowner will be closer to rediscovering the American dream of homeownership because they are able to amicably resolve their lender(s)’ concerns.

For the lender(s), a short sale can be less costly than foreclosure and can provide an acceptable hedge against future price declines within the market. Also, for lenders that have become insolvent and need to liquidate assets, a short sale is a way to quickly raise capital when compared to the foreclosure option – a process that could take a year or more to accomplish. Lastly, for lender(s), a short sale means a guaranteed loss now as opposed to an uncertain loss in the future. This may be in many instantances a much larger loss.

For the investor buyer, a short sale offers them the opportunity to “Buy a property for as much as 40% or more below market value.” This discount means that they are able to make substantial profits.

For the home buyer, a short sale offers them the opportunity to buy a more affordable home. For some, this is the only way to experience the American dream and obtain homeownership, as the lower price relates to a lower and more affordable monthly mortgage payment.

For the Realtor or consultant, a short sale provides the opportunity to earn a fee or commission for helping a struggling homeowner. In many down markets short sales are the only viable option for continued real estate sales. During difficult economic times and recessions, one or two extra sales per month may be the difference between earning a living or looking for another job. Those extra sales each month can come from negotiating a short sale.

If you are a Property Owner and realize the benefit of negotiating a short sale for your property instead of facing foreclosure or bankruptcy, then we encourage you to Become a Property Owner Member today!

If you are a Realtor and realize the benefit of being able to negotiate short sales, sell discounted properties, and increase your ability to take future listings, then Become a Realtor Member today!

If you are an Investor and realize the benefit of having access to a step-by-step system that teaches you how to successfully negotiate and purchase properties, discounted up to 40% or more below market value, then Become an Investor Member today!

We offer dozens more free articles on our site as well as the Internet’s first step-by-step, “how to” guide that walks everyday people as well as seasoned professionals through successfully negotiating their very own real estate short sales – and at a price you can afford.

Visit http://www.StepByStepShortSale.com for additional information.

Eight Tips for Getting Started in Real Estate Investing

Introduction

This article is just the basics for getting started in real estate investing. This is not a how to article but an article that gives you some information about things to do to get started. Everything in this article is tools that can be applied to helping anyone get started in real estate investing. I am going to give you my eight keys to getting started. Nothing is right or wrong but reflects the point of view of the author. Laws and legal practices vary from state to state, and laws can change over time. The author does not vouch for the legality of his opinions, nor is there any intent to supply legal advice. The author strongly encourages the reader to consult with professionals and an attorney prior to entering in any real estate transaction or contract. The author is not a writer but he is a real estate investor. There will be grammar mistakes and errors, so don’t be too critical of the grammar but focus your energy on what is being said. With that said prepare yourself to think a little differently and expand your mind. Let’s get started on an amazing adventure.

The Eight Tips are as follows

1. Desire
2. Goal Setting
3. Learning What To Do
4. Attending a Real Estate Investing Seminar
5. The Billings Montana Market
6. Finding a Mentor
7. Your Real Estate Team
8. Just Do IT

1. Desire

Before we get in to the bolts and nails of real estate investing in I want to talk to you about desire. If you are going to be successful at anything in life including real estate investing you have to have the desire to do it. Desire is defined as longing or craving, as for something that brings satisfaction or enjoyment. Desire stresses the strength of feeling and often implies strong intention or aim. In real estate investing if you don’t have a desire to learn and grow as a human being and really get satisfaction out of it, then real estate investing is going to be hard to do. When I go out and look at a property it brings me a lot of enjoyment. Every aspect brings me joy from talking to home owners, figuring out how I can make a deal work, to buying the house and to finding a good homeowner or tenant for the house. Real estate investing may not be for everyone but real estate investing can offer anyone the financial freedom we all crave for. If you do not have the desire for real estate investing that is ok, it can still help you to live your dreams and help you to get where you want to go in the future.

Why is real estate investing an amazing avenue for anyone to live out all of their dreams? Let me ask you a few questions. Do you have enough money to do anything you want? Do you have everything you want? No debt? A nice house? Great Marriage? The freedom to do anything regardless of how much it costs and the time it takes? If you have all of these things then you are one of the few people in America who does. Most people may be working fifty hours a week and making just enough to pay their bills. In today’s day and age most people are living pay check to pay check never really knowing if they will make enough to pay the bills that just keep piling up. If you cannot keep up with your monthly bills how are you going to plan for retirement or send your kids to college or have time to enjoy life. The answer to all of these questions is becoming financially free. Now it’s not going to be easy everyone will have to get off the couch and out of their comfort zone. Real estate is proven to be one of the fastest ways to get your out of the rat race of the nine to five and begin living the life you deserve to live. Everyone wants something different out of their life. Some dream of traveling the world, spending more time with family, volunteering, golfing, laying on a beach, giving back to the community, or anything that will make them happy. There are thousands of things that make people happy.

Making it in real estate takes a person who has a strong desire to change their lives for the better and think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. The people that make it in real estate investing all have a few things in common. First they run their real estate investing business like any other business out there. Second they get out there and network with anyone and everyone. Some people might be like me and have a hard time talking to other people. If you are that is ok, anyone can learn how to become a people person, it just takes hard daily work. You have to push yourself past your comfort zone. The third thing is that you cannot be afraid to fail. Everyone has failed at something but the most successful people out their learn from their failures. The fourth thing is that you have to put a good team together. I will go into putting a team together in a later chapter. The concept of putting a team together is so that when you don’t know something you have team members that know what to do and can help you with questions. The can also make sure that you are not working yourself to death. You do not want to be the person doing everything in your business. Doing everything is a receipt for failure. You have to put together good people who you can trust and rely on. The fifth thing is that you need a mentor. Sixth and final is the desire to do it. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

2. Setting Goals

Having goals is one of the most important aspects of achieving what you want in life. You don’t want to just have your goals up in your head you want to write them down and past what you have wrote on the wall somewhere or in the bathroom mirror. You want to review your goals daily and read them out loud to yourself. This way you remind yourself everyday why you are building your business.

How should you start to write down you goals? First off you should think big, and by big I mean HUGE. If your goals are too small you will easily achieve them and have nothing else to look forward too. You should start off by asking yourself the question if I had all the money and time in the world what would I do, what would I buy, how would I spend my time, and how would I spend my energy. Are you starting to write these down? Well you should be. Think about what you want, spending time with family, traveling the world, the best cars, a castle, owning a small country, running for president, having the biggest real estate investing business in your area or in the country. Whatever your dreams and what you want out of your life, write it down. Some of my goals are becoming free, traveling the world, having a Ferrari, having 10 vacation homes all over the world. Right now I am just trying to get you out of your comfort zone of thinking and let your imagination run.

There are several ways to set goals. I have learned a lot of ways you can set you goals and there is no right or wrong way. The best ways that I have found to set your goals is to break them up into two categories. First your short term goals. This should be goals from a month out to around a year. The second is your long term goals these goals are you think big goals and what you see for your future.

For year one I like to first make a list of what I want to achieve this year and I will give you an example of how to do that. For year one you want to be very specific first you want to list what you want your income to be at the end of the year, next how much cash in the bank you want (this is money in your checking account, not assets). Next you want to list how much you are going to give. Giving is a very important, this can be giving to charity, giving of gifts to friends and family, giving to your school or anything you can dream of. As long as what you give brings joy to others who need it more than you. Next list what bad habits you have that you want to eliminate. Weather is be quitting smoking, spending too much on junk, drinking too much, working too much, not spending enough time with family, too much TV, not exercising and many more. We all have bad habits that need to be changed in order for use to grow as human beings. Under each of these bad habits list out some steps that you can take in order to quit them. If you bad habit is being lazy and not exercising enough what can you do to change that. Well you can get a gym membership or a home work out program. Commit yourself you following through with a plan to work out 3-5 days a week. For you to change these bad habits you have to be totally committed and follow through with a detailed plan you set for yourself. After you have your plans in place you should start listing several things you want to achieve or do in the next year. This can be start a successful business, spend time with family, travel to 2-5 places and so on. Now under each of these you should also write a detailed plan on what you need and what you need to do in order to achieve these goals. Finally you should take all of this information you have a write on page on what you see your life being over the next year. Doing this is a great exercise to really see what you want out of life.

Goals Year One

This is what I am going To Do This Year
Income: 0,000
Cash: 0,000
Give: ,000

Bad Habits that will be changes:

Over Sleeping 1. Go to bed at 11 p.m. 2. Use a timer and set it for 8 hours 3. Set the timer on the other side of the room

Buying things that you don’t need: 1. Going out shopping less 2. If you have the urge to buy something think to yourself is thing item going to help me to achieve my goals of becoming financially free? 3. Tell friends what you are doing, so they can help to stop you.

What I want to Achieve:

Start a successful Real Estate Investing Business: (you should write a detailed step by step plan of everything you need in order to achieve your goal)

Travel: Where do I want to visit? 1. Gators football game (what I need to do it, money, etc)

And last your own page about what you want to achieve using words like I will and only positive words.

For long term goals you don’t need to be as specific right now, but you should list them and under them list a few steps or smaller goals that need to be achieved before you are able to achieve them. With the long term goals always think big. Another good exercise for long term goals is to make a collage of you goals. Put pictures of the house you want on it, places you want to travel, a picture of your family, a number of what income you want in or anything you can think of.

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