Everything Else

SHOUT OUT TO DEAN!!!

I truly wish, I had discovered Dean’s strategies long ago, so I didn’t have to learn the hard way. I feel like I could be so much further along, financially and personally, if I could have implemented Deans strategies years ago. My Dad always told me…….”it’s never too late” and I believe that. I have learned so much and I have appreciated the opportunity to share this with students for the past several yrs. I am one of those that learn hands on.
I love the concept to find the buyers “First” then find the property that fits the buyer’s needs. This would have saved me a lot of money and a lot of heart ache over the past several years. I lost thousands of dollars, because I could not get a property sold under the old way of thinking.

Real Estate Agent That Wants more proof than POF letter

Hello, I am working with an RE agent that seems pretty good so far she does everything I ask her to do but the only problem is when it comes to submitting offers she not only wants a POF letter she wants to talk to them and will not submit an offer until she hears from them on the phone or and email. Has anyone else come across this problem?

The deal I have thus far

Ok, heres a deal I picked up with one of my agents that works the Colorado area but also the Nevada area because hes licensed there too and if it weren't for me saying yes I would have never come across this decent deal...At first I said no, no way and then an impulse hit me to just check to see what deals I can pick up that way...I found a house in Reno with $300,000 in equity, I thought, no it cant be!

$100,000 a year-----the Formula

Matt talks about breaking down things into goals we can handle.

Let's look at making $100,000 a year. That breaks down to $8300 a month.

That breaks down to two deals a month. Using the 25:1 formula we would make 50 offers per month.

If we take a day a week off from offers we would have 25 day a month to make our offers. That is two offers a day.

Dont't procrastinate. Get out two quality offers a day.

It works.

Evaluation of Homes

What are some of the problems that we typically find with wood frame walls? I am going to give you some tips you can use as you evaluate your properties.

1. Rot and insect damage
2. Leaning
3. Bowing or Buckling
4. Excessive holes, notching, or mechanical damage
5. Sagging top plate/concentrated loads
6. Lack of fire stopping
7. Sagging Lintels (Headers) in bearing walls

Recognize that in most cases you can’t see everything. Most of your analysis is going to be by deduction and visual inspection, rather than direct visual observation.

Bearing Walls

I just wanted to review for a few of you, the happenings of the walls in the home you will be evaluating, in hopes you will have a better understanding. I get several who ask, “How can you tell what walls you can remove and what walls you should leave alone”.
Wood frame walls are very common in single-family residential properties. Load bearing wood frame walls carry floor or roof loads from above. Partition (non-load bearing) walls don not. However, they are built the same way. Both have bottom plates, studs and double top plates, typically.
How can you tell whether it’s a load bearing or partition wall? The answer lies in what’s above and below them.
1. Partition walls have no structural elements beneath them to transfer the loads to the foundations and footings.

How do I protect myself from lawsuits

I'm buying a home. What is the best way to protect myself from a lawsuit. Do I put the home in my own name or does anyone have any suggestions. Please help.

Wholesaling

So I have a deal and it would be my 1st so I just wanted to know if someone can tell me what all should I send out to my buyers in an email about the property?

It is a shame!

It is a shame on so many levels.. Also a shame that a guy you would think could impact many in a positive way just went for the money. http://politicalticker.blogs.cnn.com/2013/08/25/n-y-attorney-general-sui...

I just knew something wasn't right when I saw his "university". Later I heard he was in trouble and had to change the name and not be called a university, and now this is the continuing saga.

Working with builders

The market is changing and as it does it is important to look for additional opportunities. If you have been wholesaling by finding properties in foreclosure and flipping them to buyers interested in rehabbing and resaling you may have noticed that more and more people are bidding on the same properties which is driving the selling prices higher and the profit margins lower. For three or four years no one has wanted to buy property that was going down in price and the deals were abundant. Now everyone wants to get in on the market because prices are going up. So, what to do?

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