Archive for March, 2008

Last Chance to Register for Automated Online Investing Webinar

Tuesday, March 25th, 2008

Well, if you were one of the hundred or so people who tried to register for the upcoming Jeff Adams webinar and were greeted by this message on the sign-up page:

“Sorry, this webinar is full and registration is now closed.”

…I’ve got a present for you. But first let me tell you, I’ve been holding webinars for my email list for quite some time now and I’ve never had one fill up this quickly before.

I knew Jeff was the “king of online leads” and that he was a pretty well known speaker, but geez. That was unreal. In fact, if you didn’t open my last email within about 5 hours of me hitting “send”, you probably saw that message.

Well, Jeff and I got together and decided that we want as many people as we can possibly accommodate to benefit from this webinar.

So, we’ve decided to pull out some folding chairs and squeeze in just 50 more people.

The webinar takes place Wednesday, March 26th at 4:00PM PT/ 5:00PM MT / 6:00PM CT / 7:00PM ET. There will be a free bonus for those on the live webinar so try your best to make it!

Go register NOW! (You can come back and read the rest of this later)

Of course Jeff will be showing you his systems for generating a steady flow of leads and automate your investing business.

And because of the interest this webinar has generated in just a couple of days (Check out the Press Release) Jeff has decided to add a few extra “bonus” minutes to the webinar.

He’s going to take this extra time and talk about how you can position yourself to stand out above all the “ugly corrugated sign” investors in your town and build instant credibility with your prospects.

If you’re hoping to separate yourself from the “me-too” real estate investor pack in 2008, the few extra minutes Jeff is adding to the webinar should not be missed.

Go register here

See you Wednesday!

Until then, happy (and profitable) investing!

Doug Smith
President
MyHouseDeals.com

The Teacher Becomes the Student

Wednesday, March 19th, 2008

The whirlwind year continues! Alex (a manager at myHouseDeals.com) and I just got back from Orange County, California. We were there to attend an intense two-day seminar, which was put on by the legend of all legends and the teacher of all teachers, the 50-year real estate investing veteran … Jaaaacccck Miillllleeer. The topic was “Surviving and Thriving in the Real Estate Bust”.

Jack doesn’t put on your typical real estate seminars. There’s no motivational pep talks, no hype, and no beginner stuff. It’s advanced. Very advanced. So advanced, in fact, that the room was filled with 200 students (most real estate millionaires), and almost all of them were taking notes the entire time. Even to them, much of what he taught was either brand new or older but with an interesting twist.

Like I said, the crowd was laced with millionaires. You probably know a couple of them from The Vault (www.myhousedeals.com/thevault). They are Tom Conway from Palm Springs, CA and Michael Jake from Colorado Springs, CO. Also in attendance was Dan Doran, The Marketing Man. Many of you may know Dan from his articles, presentations, seminars, and his business partnership with Richard Roop.

I took pages of notes, but this blog isn’t big enough to contain all of them. So I’ll share a few key points with you. Then we’ll get on to some fun pics!

FACTS:

* Only 2% of all loans are in default.

* But 7% to 9% of sub prime loans are in default.

* 78% of markets are appreciating. We just hear about the other 22%.

7 QUICK TIPS ON THRIVING IN TODAY’S MARKET:

1) If your immediate neighborhood is depreciating or has slow sale times, look outside of it. Be willing to drive farther.

2) Pay to stage your property. If it costs $2,000 to stage your property, and it speeds up your sale by 2 or 3 months, then it’s worth it.

3) Be open to trades. For example, do they want you to take over their property Subject 2, but they don’t have enough equity? Then offer to take their 4-wheeler, their boat, their car, etc. in return for taking over their payments. Then sell that stuff on eBay or CraigsList.

4) Fix every last thing in the house. If you have to apologize about something or you have to say “I’ll fix that after you sign the contract”, then you’re not going to sell it at all.

5) Sell for 80% of fair market value to pay off worrisome loans, but carry back a re-purchase option at the sale price to capture the remaining 20% of your equity. Later, either hold the option as a long term passive investment, sell it to the occupant, sell it to an investor, or wait until the house sells and capture your profit at that time.

6) Don’t wait for tenants to come to you. Go get them! Attract rent-to-own buyers for your houses by offering apartment dwellers a credit against rents and deposits that they have paid to their current landlord.

7) Lease other investors’ vacant properties and re-lease them to tenants on what’s called “cash flow sandwich performance leases”. You make the difference in what you pay the landlord and what you collect from the tenant. The owner of the property is at risk if the property declines in value, not you. Do enough of these, and you become a cash flow king.

There’s a lot more we could get into, but that’s what the actual seminars are for. And now for the pics! Just click on the image below to view them…

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Until next time, happy (and profitable) investing!

Doug Smith
President
myHouseDeals.com

On Your Mark. Get Set. Go!

Wednesday, March 12th, 2008

It’s been a busy but exciting year for me! So far, I’ve been to Grand Cayman, Orlando, Boston, and now Dallas. I was in Dallas this weekend to run in a marathon relay with my brother, uncle, and cousin. It was our 6th time to run in a marathon relay as a team.

We keep doing them because it’s a chance for us to get together and catch up on old times. Another reason is that the race really isn’t that tough. Since we each do one leg of the marathon, it’s about 5 times easier than a marathon. But it’s still quite a trot by some standards. For this race, my leg was 5.5 miles.

I guess you could call me the speedy one of our group. My fastest time ever was two years ago in Dallas when I ran 6.1 miles at a pace of 6:45 per mile. My slowest time ever was in Corpus Christi where I ran 5 miles at a pace of 7:30 per mile. (The humidity down there is a killer!)

My goal on this race was to finish under 7:00 per mile, and I’m happy to report that I did! My pace was 6:55 per mile, which I’m very pleased with. But it wasn’t all run, run, run! We relaxed and drank a few beers, too. Follow me through the weekend by viewing my pics below! Just click on the image to open them…

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Until next time, happy (and profitable) investing!

Doug Smith
President
myHouseDeals.com

P.S. Have you started your 30-day FREE Trial and secured access to hundreds of wholesale deals and motivated seller leads in your area, PLUS $1,253 in FREE Gifts? If not, do so now by going to www.myhousedeals.com/freetrial. We have big-equity deals in Boston, Chicago, DC, DFW, Houston, LA, and NYC. See you there!

The Quick Easy Way To Make Millions Buying & Selling Real Estate On The Internet

Thursday, March 6th, 2008

I’m happy to announce that national real estate speaker and trainer, Jeff Adams (buyer and seller of over 350 properties), will join us for a webinar in a few days. So be sure to check your email inbox for more details and registration information. In the meantime, enjoy this informative article from Jeff.

By Jeff Adams

pic-of-jeff.jpgReal estate is one of the fastest-growing industries on the Internet. More than eighty-percent of people looking to buy or sell a house go online first. As a result, real estate investors can no longer ignore the increasing numbers of virtual home buyers and sellers.

Have YOU reached out to this group buyers and sellers? Do you have a professional website with informative landing pages and FAQs? And once you capture the information of buyers and sellers, are you capable of efficiently following up on them?

Effective real estate investing websites attract, inform, and motivate home buyers and sellers. Often, they determine if you are successful and booming or struggling and stagnant.

Once upon a time, having an interactive website was optional. But those days are over. With the increase in virtual competition, interactive sites are competitive necessities if a business is to survive.

Why Is An Interactive Site Essential?

Interactive websites help position your real estate investing business before multitudes of sellers. They also allow sellers to view large amounts of information and make choices quickly and easily. An online professional presence increases your availability to an expanded market.

Perceived Credibility Offline

To get sellers motivated, you must make every effort to attract them. Like a peacock, you want your ad to stand out from the rest of the flock. Your advertisements must have punch and impact!

How do you attract sellers who search classified sections of ads that contain ten, twelve, fifteen, or more investors? Which ad gets the sellers’ attention? Who do they call?

Typically, sellers call the ad that implies trust and reliability. A short but sweetly influential website address at the bottom of your ad implies credibility. If your ad does not currently include a professional website address, add it and watch your traffic flow pick up dramatically!

But what about the sellers who do not own a computer? What good is the website and web address them?

Even without a computer, sellers understand the invested time and money that you have committed to the site and its operation and maintenance. A website indirectly tells the seller you are in it for the long haul, regardless if sellers go to your web address.

By now, I’m sure we both agree that websites are necessary to compete in today’s online world. But where do you go from here? Do you build it yourself? What should it be able to do? Where should it be hosted? How should you get the word out? These are all important considerations. Let’s start with whether or not you should build your own site…

Save Money – Build Your Own Website?

Real estate agents and investors realize the value of online exposure. But, in the name of saving money, many also entertain the idea of creating their own site. There are numerous reasons why this is not a good idea.

One primary reason you should leave the website creation to the website designers is perceived professionalism. How your business is perceived is heavily influenced by how your site looks. Well-designed websites that load quickly, are uncluttered, and are easy to navigate increase business and your professional image. Websites that appear amateurish or chaotic, or which are difficult to navigate, tend to drive potential clients away.

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