Archive for August, 2008

A few simple strategies and products can help you tend to the details on a property you are selling – without spending a lot of money or time. Mirror edges, Tung oil, wall protector circles, and baking soda can all help you revive a house.

 

Even if you never set foot in the “do-it-yourself” section of your building supply store, if you are house flipping you should have some DIY know-how. Even if you are not very handy, these simple tips can help you make over that distressed property easily and inexpensively:

 

• Get the spackle for newbies to cover holes in the drywall. Holes in the wall are the easiest thing in the world to fix. There are now lightweight and quick drying spackles that are so simple to apply that a child could do it. They even come in a kit at your local building store so that you have everything you need in one package.

 

• If door knobs have created holes in wallboards, you don’t have to replace the wall or even fuss with caulking. Building supply stores sell wall protector circle. They simply are glued to the wall so application couldn’t be easier and they even prevent another hole, so you don’t have to face the mortification of putting another hole in the wall at an open house. The protectors can be painted the same color as the wall and they cover holes beautifully.

 

• If you have any wood in the house that has lost is luster but which you don’t want to paint, try Tung oil. You can buy it at any hardware store. Just apply it to a lint-free cloth and rub it in. If your investment property has attractive dark wood that has faded, brew some very cheap dark tea (five tea bags in a cup and a half of warm water will do it). Dip a clean rag into the tea and squeeze the rag out. Then, apply the rag all over the wood. It really works, reviving the color without harming the woodwork.

 

• If you want to paint in the kitchen, one problem you might run into is grease stains that prevent you from applying an even coat of color. If you are house flipping, you don’t want to spend hours scrubbing grease – and you don’t have to. Mix some hot water, lemon juice and baking soda and use the solution (along with a soft cloth) to scrub the affected areas.

 

• If you have attractive mirrors in the house, you may not want to hire a contractor for such a small detail. However, any dark spots or de-slivering in the mirrors does look dingy – and, of course, when house flipping, every detail does count. You can correct de-silvering with mirror edges, available from any home repair store. You simply glue the edges to the mirror, and some kits even provide a nice 3-D effect.

“FREE Video Shows How Investors Are Flipping Houses Online for Profit Without Ownership”

Click Here Now to Watch How Investors are Finding, Funding, and Flipping
Real Estate Deals Online at North Americas’ ONLY source connecting you to
residential real estate deals, private real estate investor partners,
and investment financing to accelerate your wealth.

If you have loans from private lenders for your real estate business, there are 3 best practices to follow. The first is to get the lender to send the check to your lawyer (not you) to create a paper trail. The second is to combine funding from two or more private lenders for your deals. The third is to start paying interest at closing and to line up your lenders for another loan right after your sale.

 

How do you handle real estate investment loans once you have the cash in hand? If you are dealing with private lenders, the rules are slightly different. There are a few guidelines that seasoned investors swear by:

 

1) Create a paper trail – the bigger, the better. To protect both your lender and yourself, the checks for your real estate investment loans should go to your attorney and not straight into your bank account. Ideally, when you get your loan from your private lender, glance over your disclosure agreement with your private lender. Once you and your lender agree about all the terms and conditions and once you have both verified that the disclosure agreement is completely accurate and complete, have the lender pass the check for the loan to your attorney. When you close on a property, your attorney will have the cash for the transaction. This system ensures that there are no sudden surprises in the agreement – it does happen – and it ensures that the cash is safe and sound until the closing.

 

2) Consider mixing your financing. In some cases, investors have to get money from more than one or two private lenders in order to have enough cash for a deal. If this is your situation, you need to combine your sources of funding before you make a deal. You can do this in one of two ways. The first option is a good choice if you are getting financing from two private lenders: offer first mortgage to one lender and second mortgage to the second. In order for this to work, the second lender has to agree to have second mortgage and therefore face higher risk. Your second option is to form an LLC or S-Corporation in order to combine funds from private lenders. This is your best option if you need money from more than two private lenders for a deal. You will need an attorney for this one, since laws about business entities vary from state to state.

 

3) Start paying back your real estate investment loans in a way that makes your private lenders very happy. This generally means that you start paying interest from the time of closing. This does mean that you need to get moving so that your property starts making money. However, starting to make payments on interest quickly keeps your lenders happy, which means that you do not have to start at square one and seek new private lenders every time you make a deal. Once you sell your property, pay the interest and principal and ask the lender about working with you again. If you have been professional and prompt with payment, the answer will be “yes” so that you will have the money in hand for your next deal.

“Want To Generate $5,000 or MORE in the next 7 Days Flipping Houses Online?”

Click Here Now to Watch How Investors are Finding, Funding, and Flipping
Real Estate Deals Online at North Americas’ ONLY source connecting you to
residential real estate deals, private real estate investor partners,
and investment financing to accelerate your wealth.

Congratulations go to…

1st Prize Winner:
FREE Access to the 8 FIGURE Empireâ„¢ Client Syndication Intensive “CSi” Denver Workshop
(a $5,000.00 Value!)

Robert V of WaterStone Properties – Maineville, Ohio

2nd Prize Winner:
“Quick Cash Profits & Do Deals” 8 FIGURE Empireâ„¢ Private Client Investment Retreat in Vail, CO
(a $3,000.00 Value!)

Douglas M of Toast Enterprises – San Francisco,CA

3rd Prize Winner’s:
30 Minute Strategic Investment Consultations
(each a $250.00 Value)Ronald W        
Trinity Investments      
Tucson                
AZ USA

Steve P                                               
Scottsdale            
AZ USA

ernesto                                               
Rio Rico               
AZ USA

umen                
uks enterprises          
burnaby                 
BC Canada

Catherine C                                       
Huntington Beach    CA USA

Ralph S            
Rockwood              
Grand Junction         CO USA

Larry                
Fresh Air LLC          
Littleton                 
CO USA

Tommy M                                         
Hesperus                
CO USA

Jim F                                                  
Drake                    
CO USA

PHILLIP D                                       
COLORADO          CO USA

Ed M                                                 
Enfield                    
CT USA

Susan W                                            
Kissimmee               
FL USA

LUCIO                                                                 
MIAMI FL USA

Anthony G    
Angel Financial, LLC                         
Seffner FL USA

Aziz                                                                        
Oviedo FL USA

Keith J                                                       
Fort Lauderdale FL USA

levi l                                                                        
Medley FL USA

Mark B        
Endless Mountains Properties            
Cordele GA USA

Sandy P        
CPI                                                  
Decatur GA USA

Jonathan S.    
Enlightened Real Estate               
McDonough GA USA

Greg R            
Rhino Properties, Inc.                          
Peoria IL USA

David P                                                                     
Chicago IL USA

Darrell C        
W&E Group LLC                          
Noblesville IN USA

Dick T        
RandR Property Solutions                      
Amherst MA USA

John V                                                                        
Milford MA USA

Norman N
Witch City Resources                                
Saugus MA USA

James S                                                                       
Duluth MN USA

Fred B    
FMBOESE llc                               
MESQUITE NV USA

Rob S                                                             
Valley Cottage NY USA

Reinhard Y                                                            
Commack NY USA

remington                                                                 
brooklyn NY USA

Bob R        
Key Ring Realty                                    
cincinnati OH USA

Ken W        
CHMB Enterprises Inc                             
Logan OH USA

Charles L S                                                                
Lawton OK USA

Herb “Bruce”
Real Estate Problem Solvers                  
Aurora ON Canada

Dennis H        
Thompsons                                            
Station TN USA

Billy P            
Parker Acquisitions                               
Amarillo TX USA

LANCE A    
REAL WEALTH ASSOC.       
WEST JORDAN UT USA

don h             
mjd properties, llc                             
beaver dam WI USA

Sharon Horne-E
Gold Star Homes                                
Hudson WI USA

I’d like to thank all of our participants who completed our survey…winner’s were chosen *literally* by having their survey number’s being pulled out of a hat.  ATTENTION Winner’s: You will be contacted by phone, email and/or mail within 7 days to redeem your prizes. 

To Massive Profits,
Brad Wozny

P.S. For all of those who took the survey, remember to bookmark your calendars for our special real estate investment training webinar
next Wednesday.   If you require any details because you’ve forgotten the webinar training link – or otherwise -  please contact our office.

P.P.S. For those of our subscribers who were unable to complete the survey, the results were incredible.  Over the next few weeks I’ll be sharing those results with our members and clients, all in an effort to help you boost your investment profits, and GROW your investment business in THE BEST real estate investment environment we’ve seen in two decades.Stay tuned for more…

Even if you have great credit, today’s lenders are just more anxious about mortgages, and that can mean delays that can cost you a great bargain. There are many advantages to doing business with private lenders, and these advantages can help you invest smarter.

 

With the recent concerns many traditional lenders have over the sub-prime mortgage scare, some investors are having more trouble getting fast and simple loans. Even if you have excellent credit, endless checks and delays at the local bank or traditional lender can mean that you lose out on great deals on investment properties while your lender pushes papers around. It doesn’t always happen, but it does seem to be happening with astonishing frequency. And if you have bad credit? Let’s just say traditional lenders may be even more anxious about your loan.

 

Private lenders are a good alternative. Yes, they cost more than the average bank loan. But they do offer several advantages:

 

1) Speed. Private lenders who work with investment professionals, especially, are generally quite conscious about the fact that great deals are only available for so long. That’s why many lenders try very hard to ensure that you can get your cash as fast as possible so that you can start snapping up those investment properties. You can often land more properties with a private lender because fewer will slip away while you are waiting for your cash through various delays. Plus, while other investors are waiting for their traditional loans, you will have the money in hand to swoop up those gems.

 

2) Fewer limits. Private lenders often have access to impressive pools of cash, and unlike some nervous traditional lenders, they often have fewer limits about how much of that cash they are willing to lend. After all, private lenders have no bank shareholders peering over their shoulders questioning their every move. As a result, they do not have quite such firm rules about lending limits.

 

3) Eagerness. Private lenders get a great return for investing their money with you and this makes them quite eager to work with you. Your local bank will still be wealthy, even if they turn down your loan application and dozens more besides. A private lender, however, often relies on investors such as you for their money and they know it. That’s why they are not only willing but absolutely hungry to work with good investors.

 

4) Less hassle. A traditional loan involves a lot of checks, credit checks, employment verification, paper work, in-person meetings with loan officers, and more checks. That’s a lot of checking – and a lot of time spent on loans. With a private investor, you don’t always have to pass a credit check and you don’t have to jump through so many hoops. Private investors who work with investors know that those who invest in investment properties successfully don’t always have traditional employment or a squeaky clean credit. That’s not what these lenders are looking for.

“FREE Video Shows How Investors Are Flipping Houses Online for Profit Without Ownership”

Click Here Now to Watch How Investors are Finding, Funding, and Flipping
Real Estate Deals Online at North Americas’ ONLY source connecting you to
residential real estate deals, private real estate investor partners,
and investment financing to accelerate your wealth.

Hi everyone,

We’ll get to the contest winner’s update in a moment.

Right now, I want to apologize to you in the
event that I’ve seemed a little *distant* these past
few days…

At the moment I’m heads down mapping out the agenda
for our upcoming “Do Deals & Quick Cash Profits”
private investment retreat next month in Vail, Colorado.

(Yes, I’m planning that far ahead)

What’s cool is that 20 of our 8 FIGUREâ„¢
Empire clients will descend upon Vail for 3
days of luxurious living, dining, and deal-making..

With the potential to leave on Sunday at least FIFTEEN
to TWENTY-FIVE THOUSAND dollars richer.

I repeat…attendees will leave not just with having
received 3 days of direct mentorship and training
from me…

But they’ll also Do DEALS where they can walk away
with LOTS of Profit.

(Imagine that – an investment business training that WORKS!)

Since this is the last time I’ll ever teach and
Mentor a small group of individuals for 3 days
straight – Hands On - day and night …

I want to make this an absolutely epic event for them
(and IMMEDIATELY profitable too)

Right now I’m taking everything I know, pulling all the strings
I can, to ensure these attendees come away with
a bulletproof investment business plan, USPs, the
whole enchillada…

Even better is that for the few newbies who
attend, on day 2 they’ll be syndicating deals in a matter of HOURS,
not days or weeks..

And I’ll be right there to help them do it.

After all, it’s not just all “work” and no play.

We’re going out for dinner each night at one of Vail’s 5-star
restaurants, getting picked up by limos, and
yes, I’m springing for it!

There’s more cool stuff too..

But enough of that for now.

Let’s get to the survey winner’s update.

Tomorrow, at 12pm Pacific, we will be posting
the winner’s of the survey to this blog right here.

Winner’s are going to be contacted directly within
the next week to redeem their prize.

And yes – one Lucky winner will have the
chance to join us in Vail, Colorado

…in that case, I’ll be springing for MORE than
just dinner for that person:-)

Watch for an email from me tomorrow…

To Massive Profits,
Brad Wozny

P.S. right after Vail, I’ll be heads down working
on our big and famous CSi Workshop event in Denver later this Fall.

Needless to say, between now and late November
I won’t be taking much time off.

But since this is the “Final 4″ (final 4 months) I’ll
be teaching, mentoring, and consulting directly,
it’ll be well worth it in order to leave a legacy:-)

P.P.S. if you have any feedback or questions,
just click “comment” and leave them here on the
blog…