Foreclosure Academy 3 Day Boot Camp – Tim Randle
Tim Randle here.
A few months ago I spent a long weekend locked up with a small group of Real Estate alchemists at the REIClub Foreclosure Academy. It was content dense for novice and experienced Investors alike.
And thatβs not just my opinion. These people were there:
βBest Real Estate training Iβve been to and Iβve been to dozens and dozensβ
βI was very much impressed with the wealth of content and the simplicity of its presentationβ
βThe amount of content is amazingβ
βThis is the most educational event in the industryβ
βNo nonsense delivery of so much information in an understandable mannerβ
βThere was massive education and informationβ
βProfessionalism of entire presentation β quality presenters, timely infoβ
βVery dense contentβ
βGood content without parade of pitches for productsβ
βMore information in 3 days of the Foreclosure Academy than other so called Real Estate Gurusβ
βSo many experts in one place at one timeβ
Want To Join The Small, Elite Group of
Short Sale Investors That Are Banking Gold?
Hereβs the situationβ¦
New York Times, April 2010:
βAbout seven million households are behind on their mortgage payments.β
NPR, April 2010:
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.
βWeβre right now on pace to see more than 1 million bank repossessions this year,β said Rick Sharga, a RealtyTrac senior vice president.
In all, more than 900,000 households, or one in every 138 homes, received a foreclosure-related notice, RealtyTrac said.
USA/Today, October, 2010:
The epidemic is spreading from the states at the ground zero of the foreclosure problems out into areas that hadnβt been previously affected,β said Rick Sharga, a senior vice president at RealtyTrac.
The trend is the latest sign that the nationβs foreclosure crisis is worsening as homeowners facing high unemployment, slow job growth and uncertainty about home prices continue to fall behind on their mortgage payments.
In all, 133 out of 206 metropolitan areas with at least 200,000 residents posted an annual increase in foreclosure activity in the three months ended Sept. 30, RealtyTrac said.
βEleven out of the nationβs 20 largest metropolitan areas saw foreclosure activity increase in the third quarter compared to the same period last year.β
Oh and that great Obama foreclosure prevention programβ¦
About 231,000 homeowners have completed loan modifications. And completions are declining.
Thatβs what youβd call a spit in the ocean.
This news could take your breath away except with all the superlatives (bubbles) weβve seen a mere 10 years into this Century itβs hard to have any breath left.
Hereβs One Telling Fact To Focus On:
In 2008, banks took back (repossessed) 96% of the defaulted properties at auction. In 2009 that dropped to 25%.
What does that mean?
Through 2008 a vast, vast majority of mortgage defaults turned into REOβs. After the 2009 New Year rung in, banks sobered up a bit and realized REOβs were crushing them and that Short Sales resulted in much lower losses.
But banks are still banks which seems to be synonymous with less than complementary terms such as stupid, obstructionists, and, well Iβm sure you can add your own terms.
Just because Short Sales are the much SMARTER solution for all involved doesnβt mean theyβre ready, willing and able to actually help make them happen easily.
Thatβs one of those bad news/good news things.
Hereβs whyβ¦
I certainly havenβt revealed any earth shattering news above. We all know:
Mortgage defaults are a mega huge problem.
We also know by our own personal experience or the harried tales weβve heard, doing Short Sales ranks up there somewhere between a thousand razor cut torture and a 5-hour water boarding session.
And we also know β or at least highly suspect β that A SMALL MINORITY of Investors are banking gold with Short Sales.
Thatβs what I want to tell you about β
Even Though You Werenβt There,
You Donβt Have To Miss Out
On Real Estate Gold
An alchemist is someone who can change (transmute) base metals β which have little value β into gold, which over the span of history has had great value.
Some view an alchemist as a chemist. Some believe he is more of a magician.
I mentioned earlier that I spent the weekend with a small group of elite Real Estate Investor alchemists. They held a 3 long day Foreclosure Academy β a super intense weekend of amazing stealth and hyper effective Short Sale know how.
The Short Sale opportunity β which is huge and getting even bigger β has been illusive and frustrating for so many investors who have furiously tried to break into the vault.
Crushing for them.
But for the few that actually know how to turn the dials⦠the rewards are huge.
It all came together for the students who attended the REIClub Foreclosure Academyβ¦
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In a moment Iβm going to tell you how you can get your hands on the DVDs from this intense, business and life-changing weekend.
First, let me introduce you to a few alchemists and Short Sale wizardsβ¦
Now, let me reveal just a little bit about the detailed, game changing, wealth making experience these DVDs will deliverβ¦
SHORT SALE-ANOMICS
(4 hours, 12 minutes of detailed Short Sale insider information.)
Take careful notes as Jerami completely peels back each layer of the Short Sale onion and learn the exact package every lender will want. Covers letters, hardship letters, HUD1, order of the package, where to send it to, how to get it assigned quickly, and other paperwork youβll easily know, good enough to train your team members to do for you. Who knows better than a former bank top-level Loss Mitigator insider. And heβll reveal every form, disclosure, addendum and clause you need to foolproof your offer and limit your liability.
- How to craft a Short Sale package that will get attention and let your negotiator bring you top dollar
- How to design the perfect HUD1 that will often net you thousands of dollars more per deal β sly tricks with this seemingly boring and simple document that no one else knows
- Letβs name names: which Banks play nice, which Banks play nastyβ¦ this makes a huge difference in how long it will take or even if youβre likely to have a successful transactionβ¦ donβt you want to know the score before investing your time, effort and money
- Positive Results Conversation β fancy name. The specific method of quickly pre-qualifying your deals so you can focus on the winners and drop the time wasters before investing anytime in appointments
- All about Broker Price Opinions (BPOs) β what they are and how the feasibility and profitability of the transaction relies on them
- Best way to orchestrate the BPO so you buy at the lowest price and sell at the highest price
- How to get the lender to use your BPO values every time
- The 3 must includes on a Short Sale Purchase Agreement
- Why you need to do a Preliminary Title Report. Order it around the same time as the BPO
- What about 2nd liens⦠ask the lender this precise question to know if you should move forward or walk
- Do NOT sign your B to C contract until you haveβ¦
- Donβt even include these two items on a repair listβ¦ but thereβs still a way to cover the costs
- Why you should go to the Court House foreclosure auctions and NOT buyβ¦ youβll get something much more valuable than a good deal
- The best time to push the lenderβs Loss Mitigator
- Where to get 30 day fast funding for flips with NO upfront fees⦠regardless of your credit score or financial qualifications
CONTRACTS-A-GO-GO
(4 hours, 55 minutes of precise legalese made understandable.)
Contracts, addendums, disclosures, oh my. Use the right legal tools and youβre in good. Use the wrong legal tools and you literally could wind up bankrupt. But thereβs something even more elite about the completely innovative and unique contract strategy Josh and Jeff use. Itβs even trademarked and NOBODY else has this downβ¦ nor will they ever be able to rip it off (without landing in their own legal boiling pot of water).
Yea, itβs sort of an option contractβ¦ but much more stealth. And itβs sort of like a land contractβ¦ but way more effective and tax beneficial. And besides title companies and lenders have virtually shut out land contracts. Quite simply this is the best method to make cash in the Short Sale marketβ¦ itβs also the most tax beneficial and liability limiting.
To those not privy it simply walks like a duck and quacks like a duckβ¦ so they think itβs just the same ole duck, but in reality itβs a tiger.
- About that Freddie Mac property flipping waiverβ¦ it wonβt effect you
- Seasoning, smeasoning. It may lock out other investors but not you when you know this secret
- Title companies no longer close deals using a Land Trust. This super slick, trademarked method works even betterβ¦ knowing about β and using β this method alone is worth more than the entire cost of the weekend
- FHA 90 day hold cramping your cash flowβ¦ hereβs how you can LEGALLY do a same day A-B, B-C sale with an FHA loanβ¦ the Garn St Germain Federal Depository Act guarantees it
- How to locate, interview and qualify a title company or closing attorney. You canβt play a professional game with amateurs and you canβt gamble youβll just happen to get a sophisticated closing team. This is how you ENSURE you will
- Do you know those sneaky lenders can drop a bomb on your back to back transaction by retracting the Short Sale. Do this one thing and you stop them cold
- Why you MUST counter offer EVERY offer β even when the price is right
- The 6 word-for-word clauses to include in your Counter
- Ask the end buyers lender this to ensure no surprises that kill the deal
- Control the lender and title company in an A-B, B-C deal or you may never get to closing
- 3 important save-your-butt reasons why you must record a Notice of Option contract. Hereβs what it should say. Hereβs when and where to record it
- Using an option contract gives you these four advantages
- The heads up statement to always include in your option contract so you stay above reproach
- Do this early and often
- When your HUD1 needs to be a non-HUD HUD and why this makes your life easier
- Whatβs an Authorization to Release Information β where do you get it, what do you use it for and when
- Title insurance β donβt leave closing without it if youβre going to hold title more than a minute
- What four words need to be on an option contract for a Florida property
- $10 is sufficient consideration in all states but�
- The difference between equitable interest and contractual interest and how it effects your transaction
- How to fix title problems and why you must
- Option contracts have time periods⦠how long should yours be?
- Donβt forget the spouse
- What you need to know about Equator β this is about doing Short Sales, not about geography
- Use these 4 characteristics to find the best short sale properties
- How long should a long term lease be? one day less thanβ¦
MARKETING MACHINES
(5 hours, 49 minutes of marketing from core concepts to advanced strategies.)
We all like the thrill of a deal strategy. Letβs face it β you can know 17 ways to short sell, 15 methods to flip houses, 22 tricks of wholesaling but the hard fact is:
if you donβt have buyers or sellers, you donβt have squat.
How do you get more done for less? Automate and systematize. The Marketing sessions are packed with both solid basics and little known, leading edge methods to keep your pipeline full.
- Realtorsβ¦ Investors hate them. Youβll love them when you learn how easy it is to have them be delighted to list and sell your houses for you β fast
- Follow these 5 rules to completely dominate your market online
- βDealsβ are Buyer mousetrapsβ¦ hereβs the cheese you need to get them to bite
- 3 easy-to-implement strategies to draw in more people to your website than watch the Super Bowl
- Blogging absolutely gets great results. But blogging is A LOT of work⦠EXCEPT if you do it this way⦠so little work, such big rewards
- Use Twitter this way and you could get enough leads to keep your pipeline full. Oh, and, you can automate the whole thing
- Do you know about the premier tool of the trade that will completely automate 80-90% of your lead generation
- Nobody ever plans to be in foreclosure. Hereβs how you can use that to your advantage while your competition focuses on the wrong thing
- Defining your sweet spot and why that matters⦠a lot
- The #1 reason Investors fail to achieve a profitable business and how you wonβt fall victim to it
- types of marketing campaigns and when and why to use each one
- The most valuable thing you can do in marketing
- The most important marketing campaign input. Donβt make the mistake of ignoring this and losing big
- Free skip trace?β¦ hereβs 4 places to get them
- The cheapest, most effective marketing is?
- The marketing method that gets the greatest response
- Follow these 3 rules to ensure a successful marketing campaign. Everything else is noise
- How to set up your referral engine
- Avoid these 3 top mistakes with Realtors
- 4 best lead types⦠2 of them virtually unknown
- You got the lead, theyβre not going to work out as a buyer or seller. Hereβs how you can still monetize them
- The hare and tortoiseβ¦ whatβs the critical difference?
BUSINESS MULTPLICATION
(5 hours, 59 minutes of beyond the single deal, how to create a wealth building business.)
For some folks Real Estate Investing is a hobby. We wish them well. For the serious Investor β part time or full time β itβs a business with a profit objectiveβ¦ a huge profit objective.
Other courses may teach you some methods or techniques but no matter what type of investing you choose to focus on, until you learn how to work as a systematized business youβll always be trading hours for dollars.
- The crucial difference between a business owner and an investor and why it matters to your wealth
- These are your 3 daily priorities. Build your business around these and success will be locked in
- Itβs not the money, itβs theβ¦
- Are you running on random⦠Do you know how much that costs you?
- Start with ACER, explode your results
- Six keys to a 7-figure business
- How GAM can crush your productivity and the simple way to stop it
- How to permanently lock your mind into wealth modeβ¦ so youβll never struggle from deal to deal
- Why each person working in your business β and YOU β need a POA
- What drummers and meetings have in common
- To take your business beyond today and this week you must consistently schedule time for FFT
- The only time you should multi-task, in fact itβs much better to multi-task this way
- The simple rule of thumb for outsourcing and delegation
- A bad hire costs businesses on average $300,000. Hereβs specifically how to advertise, sort and interview to ensure you hire right
- What you get when you pay commission based compensation and why all of your employees and contractors should have at least part of their compensation commission
- Have an in house negotiator? They should be able to handle this many files at a time. More than that and you risk them dropping the ball
ASSET PROTECTION
(47 minutes of how to play wealth defense.)
- Wealth alert: the top 4 legal and wealth challenges Real Estate Investors have and how to side step them
- Keep accurate records of these 3 things or as many folks who havenβt, one day your wealth can go up in smoke
- Handshakes are nice⦠at cocktail parties. Get this document signed before you allow anyone to do work on a property⦠and avoid a nasty legal hangover
- Having the proper wealth shields discourages lawsuits like a frayed tight rope above a 5,000 foot canyon discourages visitors⦠how to determine what shields work for your unique situation
- How many identities do you need?
- Not all _____________ or all ____________ are created equal
- Why the reality of visibility is a threat to you
As you can see this closed door conference was packed with top notch, elite Real Estate Investing information that can:
* make and grow your wealthβ¦
* in a business that YOU lead rather than being a slave toβ¦
* all while reducing your liability and taxes and protecting your wealth and livelihood
Thereβs a total 21 hours and 45 minutes of business and life changing content.
Although you didnβt make it to the live event you donβt have to be denied access to this content. We got everything on video. Weβve edited out all the breaks and mulling around, but you can stop for your own breaks when ever needed. And even better than the live event β you can pause, rewind and replay as many times as you need to fully grasp everything.
Many folks at the live event preordered the DVDs because they wanted to do just thatβ¦ pause, rewind and replay. Itβs simply too much information to absorb one time through. And itβs too important to miss.
Now itβs up to you and how serious you truly are about being a wildly successful Real Estate Investor.
Path dependence is a term that means the decisions you face in any given situation are limited by the decisions youβve made in the past, whether or not those decisions are still relevant. Essentially, decisions youβve made in your life have led you to this very point.
And the decision you make right now will determine your future outcomes. So letβs quickly review the landscape here:
β The number of mortgage defaulted and defaulting properties is staggering
β The Presidentβs foreclosure avoidance program is an embarrassing and unmitigated failure
β The banks β even though itβs clearly in their best interest to Short Sale as many properties as possible β make the process so difficult, aggravating and unpredictable for Investor after Investor and Real Estate Agent after Real Estate Agent that β pardon my language β the toilet just isnβt flushing
β Josh and his team have β to continue the analogy β the super, high-tech plunger that ensures they push the profit button over and over
There simply arenβt better teachers to learn from. And with these guys, theyβre not ivory tower teachers, theyβre real world (and real 7-figure success) practitioners. In fact they test on themselves so youβre neither a lab rat for unproven theories nor someone getting snowed with outdated stuff.
The choice is yours.
You can get the full video (DVD) set or an audio only (CD) set.
Investors paid as much as $2,000 plus travel, food and lodging to attended the live event. Not a single person was disappointed. Many pre-ordered the DVDs because it was simply too much to take in all at once.
Youβll pay only a small fraction of that and still get all the same great content. No time away from family or business. No aggressive airport security pat-downs. And you can digest it all at your own pace.
Move Forward Today And You Also Get These Special Bonusesβ¦
Special Bonus #1:
Virtual Assistants β
Expert Interview with Alan Brymer
Alan has been a successful full time investor since the age of 22. Heβs Founder and President of the Utah Valley Real Estate Investors Association and creator of The Assistant Who Pays Their Own Salary.
Alan learned one simple rule early on: You can make more money if you donβt do everything yourself. This interview is packed with practical how & what to and what not to do to expand your business AND have a life.
Special Bonus #2:
How To Hire Your Real Estate Dream Team
Top Real Estate Investors are not a one-person team. Thereβs simply too much to doβ¦ too many different skill sets. Each person on your team can increase your profit or cost you. Assembling your dream team puts you at the center of control.
Special Bonus #3:
βProof of Fundsβ Letter to Help Close Your Deals
When you have back-to-back closings, unless youβve got tens of thousands to sink into a deal, youβre going to have to pre-qualify.
That means a βproof of fundsβ letter. Believe me, these things arenβt free β and you typically have to qualify for it.
But when you have an βA β Bβ sale, and you line up a βB β Cβ sale, youβre gonna need to pre-qualify, and this is the fastest and easiest way. You can make a lot of cash while saving a ton of time with this valuable letter.
Special Bonus #4:
Transactional Funding:
Use Our Money to Close Your Deals
Once you start rolling with multiple deals, youβre might find yourself in a tight spot where you need some quick, at the closing table, cash. Thatβs where βtransactional fundingβ leaps in to rescue you.
Whether itβs a short sale, REO, whateverβ¦
β¦they can often make it happen when you need it. Weβll introduce you to a funding source that will make your deal possible β and allow you to improve your closing rate!
These bonuses are yours to keep.
Good Investing,
P.S. As one student at the live event said: βThis is the most educational event in the industryβ. You owe it to yourself to get a hold of the DVDs and bank your own Real Estate gold.
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