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Chapter One Free
GAIN THE INSIGHTS OF EXPERIENCE
Learn from those who have purchased and sold over $135,000,000 worth of "junk houses" within the last year alone.
Enter your contact information below and a representative will call and tell you about our boot camp
DURING "BOOT CAMP" YOU WILL LEARN THE FOLLOWING MATERIAL:
The REO process- how it works:
– Grace Period and Late Payments
– The Intent to Foreclose letter
– The Forbearance Agreement
– The Notice of Default
– The Redemption Period
– The Trustee Sale
– Bankruptcy and how it can affect a foreclosure
– Chapter 7 Bankruptcy and how it can affect a foreclosure
– Chapter 13 Bankruptcy and how it can affect a foreclosure
– Getting additional time
How homes become REOs
– The bidding process
– Setting the opening bid
– Finding foreclosures
– Handling phone calls
How to purchase REO homes at an extreme discount
– Who to buy from
– What you should be paying for the homes
– What areas to focus on
– What areas to avoid
– What types of companies (sellers) to avoid
How to tell if you’re dealing with an unnecessary middle person
Money: How to find private lenders
– Step by step process on how to raise the needed funds and be taken seriously by financial experts
– What to say and what not to say to potential lenders
– SEC Rules and Regulations for each state
Title and Deed process
– The pitfalls many bulk REO buyers do not know- and how to avoid them
– How to quickly do the deed process
– How to involve title companies
– What the difference is between the various types of deeds
Property Inspections and Field Services
– What to rehab and what not to
– When to rehab and when not to
– What types of contractors to use
– Local crews and how to work with them
– Repair costs
– Finding a handyman
– Estimating repair costs
– Other repair considerations
– Lists of our top picks and contractors that have worked well before
Working with the different municipalities and local governments
– What to do to keep them on your side
– How to save the most amount of money and avoid unnecessary repairs and code violations
– Local utilities
– How to save money and only pay the bills you are legally obligated to
– How to make sure the bills are paid and how to coordinate the billing process between you (the investor) and the occupant of the home
– How to negotiate past due old bills / old account out of your name
Marketing / selling the home
– How to employ realtors and others that can market your home to local potential occupants
– What has worked for the past 3,000 homes and what has not
– How to utilize local property management companies
– How to utilize call centers
– How to use large marketing agencies and get the most coverage
– How to use simple online marketing to get the best return on your investment
How to sell the home and avoid liability rather than just rent it
– Land contracts vs. rentals
– Disadvantages of a rental agreement
– Advantages of a land contract agreement
– Disadvantages of a land contract agreement
– Locations where you cannot use a land contract, and what to do instead
How to coordinate the processes and paperwork with a management company
– Note & Trust Deed investing
– The demand for private financing
– Underwriting a note
– Understanding a credit report
– Analyzing exit strategies
– Analyzing the current market
– Terms and Conditions
– Loan to Value (LTV)
– Borrower’s situation
– Use a title company for paperwork
– Getting paid: use an escrow company
Retirement options
– Self directing your retirement funds
– Investing with your IRA or 401K
Business structure
– Sole proprietorship
– C corporation
– S corporation
– Tax benefits from S corporations
– Limited Liability Company (LLC)
– Family Limited Partnerships
– Series LLC
– Series LLC benefits
– Series LLC concerns
– Using multiple entities to create multiple advantages
Business opportunity
– How to market yourself and get yourself exposure to potential clients
– Web pages and squeeze pages, driving traffic
– Follow up systems and software
– Drip campaigns and programs to keep in touch with your potential clients
– Marketing material
Coaching and continued one-on-one support
© 2009. Junk House Riches.
888-528-4087. All Rights Reserved.
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