Challenge Yourself and Give Back To The Community

Hey guys, it’s Torsten Coulson again, taking a quick break from our 10 Critical Steps to Fix and Flip Success series for something I think is really important…

Today, I wanna talk about challenging ourselves and giving back to the community.

A few weeks ago in my real estate investing company, our team talked about ways to challenge ourselves. We talked about this so that we can become better than we were yesterday and to help us stay focused. We came up with ways to challenge ourselves in business, our personal lives and talked about ways to give back to the community.

The 5-Year Foreclosure Clock Is About To Expire

From Tom Nardone, Millionaire Mailman …

Do you know any borrowers in judicial foreclosure states who got stuck in their houses when the market crashed 5 years ago?

The hardest hit areas of the country are rebounding fast with value, but that does not change the fact that the major lenders have lots of mortgages and notes out there that are still not getting paid on… and now many of those old foreclosure cases are hitting the 5-year statute of limitations for being able to foreclose against a non-performing note.

Florida, where I live, is just one of those states, and the 5-year statute is now in Florida Supreme Court waiting for a decision.

Buy & Hold 101: How We Find Good, Quality Tenants

You know all about property managers, don’t you?

In fact, I’ll bet you’ve become a true virtuoso, a mastermind at finding good property managers.

How do I know this? Not because of my crystal ball (but man do I wish I had one). I know this because when we last met, I shared with you some awesome tips on how to find, interview, and communicate with good, quality property managers, and I know that you’ve since applied what you learned and put the lessons I shared to practical use in your own businesses.

The Most POWERFUL and UNKNOWN Real Estate Investing Event

Hi guys, Franklin Cruz here – REI Drill Sergeant here…

I want to talk to you today about something awesome – that you might be missing out on – The Clever Labs.

The Clever Labs is an effective real estate investing event held by Clever Investor. And, as you probably know, Clever Investor provides marketing for their students and holds a groundbreaking conference where mentors walk their students through live deals!

Finding Bodies in Your Neighborhood

2015-6.30-260From Dave Ludena, Real Estate Rockstar…

I remember reading an article where someone fell and drowned in a river. In order to retrieve the body, the police dragged the riverbed to try to pull it up. You can imagine in doing so they pulled up all manner of goodies: shopping carts, shoes and probably several bodies… depending on where you live. (Dexter fan, anyone?)

It’s likely you have heard of finding properties by “Driving for Dollars,” where you look for vacant/distressed properties. But, that is only one of the bodies we want to drag from the riverbed of our target neighborhood. Why? Because that’s how the mere average investor does it.  

Today, I’m going to show you how the Clever Investor (yeah, you) does it and leaves no bodies behind. Heck, if you are out there anyway, let’s make it really worth your time.  

10 Critical Steps to Fix and Flip Success Part 3: What Is a Good Price to Pay for a Fix and Flip?

2015-6-23-260Hey guys, it’s Torsten Coulson again, bringing you back to our great series on fix and flips. (Catch up with Part 1 here.)

Last time we talked about critical step #2 finding that deal. So if you missed it, you should check it out. I shared a few tips on where to find a deal and about negotiating a deal.  Something I didn’t talk about is the importance of negotiating multiple deals at once, so you can pick the best deal out of the ones you’re working.  If you only negotiating one deal at a time you might stop short because you just need a property!

But, let’s move on to critical step #3 – what’s a good price to pay for a fix and flip?

This question about price is one that I’m asked about from my students daily.

Why You Need to Micro Manage That Deal All the Way to the Closing

2015-6-16-260From Tom Nardone, Millionaire Mailman … 

You just tied up your first deal! Now…

Do you just wait to get your check at closing? Uhhh… not really. You need to micro manage that deal all the way to the closing!

Once you tie up that first deal, you need to nurture it so that it grows into an actual closing.

Here’s Why…

Tying up your deal under contract is just the first part of the deal. The next thing you need to do is get the contract over to the title company asap to find out if the title is clean or dirty.

While the title is being checked, start marketing your deal like crazy to lock down an end buyer.

Buy & Hold 101: How to Find a Good Property Manager

2015-6-9-260

We’re continuing our awesome series on all things Buy & Hold basics. If you missed my previous post in this series, make sure you check it out. You want all the goodies I’ve been offering about Buy & Holds, I assure you.

But, let’s going with today’s helpful info…

For many of us investors, finding and using a property manager is about as enjoyable as having a root canal, sans Novocain. Am I right?

It may be one of the least favorable tasks that come with the investment territory, but let’s face it; it’s a necessary evil. A novice property manager can drive you to bankruptcy, but a legit one can help secure monthly cash flow.

Mother & Daughter Team: Empowering and Rehabbing a Relationship While Remodeling a Home

2015-6-2-260

2015-6-2-260Hi guys, Franklin Cruz here – REI Drill Sergeant and Mentor …

Terri, a recently divorced mother of one, had to restart her professional career after being a stay-at-home mom for more than a decade. Terri’s daughter, Victoria, had just graduated college and returned from spending four months traveling through 13 countries in Europe when she came to work with her mom.

The newly formed team found common ground while transforming a mess of a house into a magnificent home. The project brought a mother and daughter team closer than they had ever been and provided a sense of liberation they had never experienced.

This messy project was their first rehab together, and it was a steep learning curve. They were able to work together to find the best possible solutions, even though it was difficult at times to agree on every single detail.

Build It – They’ll Come

2015-5-16-260From Dave Ludena, Real Estate Rockstar…

Did you ever see the Kevin Costner movie Field of Dreams? Really great movie… back when Kevin Costner actually made good movies.  

The gist is that this guy took a leap of faith to pursue a vision despite criticism, obstacles and the actual “facts” that were visible. It was that vision and faith that propelled him. It’s a rare person it seems that can do this.

Why?  

Usually because most people need to SEE it BEFORE we believe it.

A little reminiscing to get to my point…

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