FLIP & FUND WEEKLY

COACHING CALL

• Hosted by Brian Stark

• Freeland Lending

AGENDA

• Obtaining a Proof of Funds / Pre Approval Letter

• What is a good deal?

• 5 Power Ways to locate good deals

• YOUR Questions

• Some commonly asked questions

HOW TO FILL OUT A PRE APPROVAL LETTER

• Click on the Pre Approval Letter Icon

• Fill in the template and click the Submit Button

• Clicking Submit will send you an email with the letter inside. Please make sure to check your spam and junk folders as these can get lost in there depending on your email server.

• After submitting you will be redirected to a thank you page where you can also download your Pre Approval Letter

WHAT IS A GOOD DEAL?

• Brian Discusses Deal requirements for a “Good Deal”

• Purchase Price plus Rehab < 65% of ARV

• Neighborhood, crime stats, market time

• MSA

• A house with “good Bones?”

• Consistent with other properties in the area?

5 POWER METHODSFOR FINDING GREAT DEALS!

1. REALTORS

• Check with your local NAR. (Nat’l Association of Realtors)

• Build a relationship with a Realtor who becomes your Acquisitions Manager!

• Call Listers on Bank Owned and other listed opportunity properties.

• Stop by local Real Estate offices in the neighborhood which you are interested in purchasing.

2. WHOLESALERS

• Check your newspapers for ads from wholesalers.

• Look for “Bandit Signs” in the neighborhood. Often, wholesalers will have properties in other neighborhoods as well.

• Visit your REIA or other association meetings.

• Advertise on and read ads on Craigslist

3. F.S.B.O.

• For

• Sale

• By

• Owner

• Usually, no Realtor commission.

• Allows for more aggressive pricing and easier terms

4. LANDLORDS

• Landlords usually have multiple properties, some of which they may consider selling.

• Landlords usually know…OTHER landlords!

• Portfolio purchase options

5. DO A DRIVE-BY SHOOTING!

• Ownership of vacant properties can easily be determined by the referencing the address with the City’s fiscal office.

• Get a feel for the neighborhood.

• As you drive by properties that look abandoned or “uncared for” shoot some pictures, and track down the owner!

FAQ’S

• Can I get a loan for refinance?

• Can I get a loan for the house I want to live in?

• What if I sell the house in a few days?

• Can I get a loan for a really expensive property?

• Can I get a loan for commercial property?

• Can I get a loan for my business?

• What if my credit isn’t very good?

HOW TO REGISTER FOR THE FLIP AND FUND

WEEKLY COACHING CALL.

• Click on the Webinars icon

• Click on the “Click here to register for all of your weekly calls” option in the Webinars page.

• Fill in your Name, email and phone number and click Register.

• You will get an email after registering with the registration link and details for the class in them.

• You should be able to use this for each class on Monday at 2:00 pm EST.