Chapter 11 Retailing and Wholesaling Retailing and Wholesaling.
Wholesaling & Private Funding for Real Estate Investing
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Transcript of Wholesaling & Private Funding for Real Estate Investing
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Wholesaling&
Private Funding
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Workshop Agenda• Locating motivated sellers
• Legally take possession with only $1
• Use a Step-by-Step process - My 3 Week Action Plan • How to Grow your Business Exponentially
• Make $10k+ a month working 5 hours a week
• How and where to find Private Funding for Fix and
• Flip and Buying Rental Properties
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About Laura …Profession:
Nationwide Real Estate Investor and Mentor
Developed Several real estate strategies
from personal experience
Started: REI 1987Real Estate Investor & Broker
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Empowering Investors
Laura with Robert Allen, author of “Nothing Down”, “Multiple Streams of Income” and more
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Empowering InvestorsOrganizer of Upcoming 2016 Expos
with Realty411 Investors Magazine
Miami
Chicago
Atlanta
Tampa
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Why invest in Real Estate?
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Real Estate is the Best Investment!
Always need for shelter
Calculated Risk Tools & Information
Appreciation & Stability Historically & Tangible
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Housing Appreciation
FHFA = Federal Housing Finance Agency
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US Net Worth Per Person
0
10000
20000
30000
40000
50000
60000
Real Estate Investments Cash
Statistics Courtesy Of US Census Bureau http://census.gov/people/wealth
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… don’t forget
Fortunes are Made in a Recovering Market
Low Cost of Starting a Business
92% of the Money is made in Real Estate
80% of Net Worth is from Real Estate (Census
Bureau)
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Believe in Yourself
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Think Like the Rich
Don’t think how much it is going to cost, but howmuch it will make.
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This is Your Time
“This will be the year for real estate investing.” Forbes Magazine
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• She closed her first deal fromstart to finish in 3 weeks
Case Studies
www.lauraalamery.com/reviews
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Key Concept Today
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The 4 Outcomes of RE Investing
Wholesaling
Assignments
Buy & Hold
Fix & Flip
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The “biggest” challenges for wholesalers
1. Does Wholesaling Still Work?
2. Generating Immediate Cash Flow
3. Time Management – What Strategies Should I Devote To In My Limited Available Time?
4. Building a Scalable Proven System
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#1 - Does wholesaling still work?
•Understand the Concept Behind It“Sell Low, Buy Lower”
•Don’t Try to Reinvent the Wheel
•Be Ready to Adjust with the Times
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#1 - Does wholesaling still work?
Put it under contract for $118,000 (with $1 down) on February 11th
Closed on March 15th – Sold for $159,000Delinquent taxes $17,400Other liens about $5,200Profit to Investor (me) $16,517 after closing costs
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#2 – Generating immediate cash flow
•YES! Wholesaling Can Be Your ATM Machine
•Personal Contact=Fast Results
•Average Closing Time – 4 to 6 Weeks
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#3 – Time management
•Focus
•One Strategy At A Time Under the Wholesaling “Umbrella”
•Look only for the “Don’t Wanters”
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#4 – Build a scalable proven system
www.evernote.com
Automated Lead Generation
Delegate
Expand Process
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Where to Find the Non-Wanters?
• Owners getting behind on their taxes (2+ years)
• Owners getting behind on their mortgages
• Owners facing foreclosure – Tax or Mortgage – 30 days or less to auction
• “Driving for Dollars”– Abandoned or Neglected
but Occupied
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** Always deal directly with the owner
• Regular Sale Contract ($1 Earnest)• Option Sale Contract
How to Control Property with $1?
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Why using Private Money?
• Buy properties directly at auctions• Purchase property with 100% financing• Liquid-ready funds can secure bigger
discounts• Fix and Flip instead of just Wholesaling• Equity sharing using OPM• Become a hard money lender to other
investors
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Why using Private Money?
Private MoneyPurchase & Rehab$180,000
Sold for $265,000
Profit $58,000
Lender Received$205,000
$33,000 Residualto Investor (me)
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Joint Ventures Sources of Private Money:
• When you look for co-wholesalers• Research recent cash sales• Referrals by agents, mortgage brokers,
title companies• Networking – social media & club
meetings
Where is the money?
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The 5 Steps Process
1. Research Area & Find Qualified Buyers2. Find Motivated Sellers3. Set Up Lead Generation System to
Follow Up and Sort Deals4. Offer Property Deal & Negotiate5. Close with Closing Coordinator
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Action Plan
Decide on a Geographical Area (zip codes, neighborhood)
Decide on 1 Strategy at a Time
o Focuso Delegateo Automate
Step 1: Research Area & Find Qualified Buyers
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Action Plan
Start Building your Buyers’ List 1 Strategy at a Timeo Cash Buyers Strategieso Internet Lead Generation
Follow Up Strategyo Autorespondero CRM
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Action Plan
Find Properties 1 Strategy at a Timeo Free Lead Generationo Paid Marketingo Free Internet Lead Generation
Step 2: Find Motivated Sellers
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Action Plan
Set Up Your Goals & Go For It!o 10 Contracts = 3 Possible Dealso 10 Properties under contract by …
Step 3: Set Up Lead Generation System
Step 4: Offer & Negotiate
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Action Plan Step 5: Close – “Rinse & Repeat”
“Rule of Thumb” Profits:
$5,000+ per Wholesale Deal$2,500+ per Assignment
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Build a scalable proven system
Automated Lead Generation
Delegate
Expand Process
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How Much Do You Want to Make?
$10k to $15k per month?1 or 2 Wholesale Deals
**$20,000** a month or more?2 Wholesale DealsAdd Buy & Hold
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5 Secrets to Real Estate Investing Success
TimeManagement
Implementation
Funding Tools
Knowledge
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The “System”
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Case Studies“I finally closed my first deal on New Year’s Eve! What a way to end the year! I joined another program in the past, spent so much money in coaching with no concrete results, until now.Thanks Laura for all your help – I could have not done it without you.
Carla Nelson
www.lauraalamery.com/reviews
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Case Study
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Work from home …
Work from anywhere …
Freedom …
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Rapid REI System
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Rapid REI RichesVery
LimitedOffer!
• Successful Proven Process;
• A simplified approach to real estate investing;
• Private funding resources;
• A “Business in a Box” System • Sustainable and automated tools for lead generation• Branding• Your personal assistant and closing coordinator• … and much more
• The right mentor
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Rapid REI Riches
• 5 Modules Intensive Online TrainingTraining
• 100% Funding up to 360 days (“Soft”)
• 70-80% ARV for 2 years (“Hard”)• No Credit or Income Verification• *New* List of Local Private
Lenders
Funding Partners
• 12 months Email Support• 12 months of One on One
Coaching Calls• 12 months Step-by-Step Training
Site• Tools and Resources
Coaching
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Rapid REI Riches
• 5 Modules Intensive Online TrainingTraining
• 100% Funding up to 360 days (“Soft”)
• 70-80% ARV for 2 years (“Hard”)• No Credit or Income Verification• *New* List of Local Private
Lenders
Funding Partners
• 12 months Email Support• 12 months of One on One
Coaching Calls• 12 months Step-by-Step Training
Site• Tools and Resources
Coaching
… or until you close your first deal!
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Rapid REI Riches
Module 1 Business Organization and Team Development Real Estate Business Flow Mindset of a Successful Investor – A Strategic Plan Module 2 Building a Qualified Buyers’ List and Exit Strategies How and Where to Locate Distressed Sellers Negotiation Skills and Role Playing
Module 3 How to Analyze a Deal and Submit Offers Creative Funding Resources Laura’s Secret Strategy – Sell Any Property in 3 weeks or less
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Rapid REI RichesModule 4 Wholesaling and Virtual Wholesaling Strategies Buy & Hold – The Complete Plan Fix & Flip using OPM Laura’s Decision Process Cheat Sheet
Module 5 Tax Delinquent Property – The “Golden Nugget” Business Automation Marketing Secrets – Online and Offline Bonus – Save Thousands with this Training alone!
Due Diligence Checklist How to Do Your Own Title Search
3 Week Action Plan – Make Money in Less than a Month!
•Personalized Action Plan!
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ResourcesReal Estate FormsAdvertising ScriptsReal Estate Financing (Financing Placement)Hard Money Lenders, Proof of Funds Letters and Transactional FundingReal Estate Calculators and ToolsReal Estate ProfessionalsReal Estate Marketing StrategiesWebsite Templates Grants DirectoryREO Banks Directory… and much more
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Why is this Limited? Very LimitedOffer!
• Only offering this at Live Events;
• I reserve the right to choose whom to workwith at this level;
• Packed with resources and bonuses to guaranteeyour success;
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Quick Start Setup Done For You(Value $2,500!)
Create the 3 Main Social Media Profiles & a Fan Page
Create Your Lead Generation WebsiteHelp you Set Up Syndication to Sell over 20+
SitesSet Up Your Own Closing Coordinator
Set Up with Virtual Assistant Set Up your Direct Marketing System
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Lead Generation & Management Software
(Value $797)Online Lead Finder
Leads Organizer, Negotiation & Follow UpWeekly To Do List (Backoffice)
Exit Strategies Calculator & Worksheet Real Estate Forms
Contracts Management TooleMail Campaign System
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How to Locate Private Money(Value $997)
How to Locate "Money Partners"Legal Organization - "Easy" Setup Formula
Preparing Acquisition Proposals and PaperworkThe "Easy" 5 Step Process
Managing the Private Lenders PoolJUMPSTART Bonus – List of Local Private
Lenders
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Complete Support Very LimitedOffer!
What is included in the Program: •Personalized Action Plan •Unlimited One on One Calls Monday through Friday •Unlimited eMails •Accountability & Follow Up •Closed Elite Forum Group •Step by Step Modules Training Online •TeleClasses and TeleConference Calls •Mastermind Sessions with Elite Students Only •JV Partnership Option on Local Deals
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5 Modules - 1 ½ hours eachPresented LIVE via Online Training
Rapid REI Riches
>> Special Price <<$5,997
Guaranteed In House Financing Available
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… recap – Rapid REI RichesLIVE Training with Hands On Instruction (Recorded & Lifetime Access with updates)
1 Year Support and Partnering on Deals Option
Downloadable Contracts, Forms and Scripts
Bonus – Today Only!
Until you close your first deal Guaranteed!