Hey Guys,

Great news! I have finalized the details for tomorrow’s EMERGENCY PRIVATE LENDING WEBINAR. Here’s the registration link, I highly suggest you go grab a spot right now. This is going to be a very popular webinar, and I’m sure we’ll run out of room like we did last time.

Yes, sign me up for the free webinar!

The webinar is going to be tomorrow night at 5:00pm Pacific / 7:00pm Central / 8:00pm Eastern.

I was super excited when many of you mentioned that you were interested in learning about financing options on the last survey I sent. It’s a good thing you brought that up, because it’s a vital topic that we haven’t really explored. And there’s really no better place to start than to talk about private lending. That’s what helped me develop my REI business and I know it will help you, too.

When I first got started in real estate investing, I had almost no money to my name. I knew that I needed money in order to start buying the houses I wanted, but I just didn’t have any. At first, I tried borrowing money from banks, using conventional mortgage loans. But after doing a few deals, I had too many loans in my name and the banks wouldn’t loan me any more money! Even though I was completely qualified, banks have arbitrary lending maximums and will just stop lending when you reach a certain number.

Then when I started rehabbing houses, I turned to hard money lenders. However, I soon realized just how expensive this type of funding can be. AND I had to have inspectors come out all the time to look at my properties; they ate up a lot of my time and ended up being costly. Hard money loans were a good solution to get me started, but I knew there had to be a better way to fund my deals…

I am so thankful that those days are over now! I discovered private lending and it is so much better than conventional financing and hard money lenders combined. I want those days to be over for you, too! Aren’t you tired of finding great deals but then discovering you don’t have enough money to fund the deal? That’s why I’m bringing in THE expert at finding and getting private lending to teach you everything he knows; that way, you won’t have to go through the same horrible stuff I went through.

The ‘Master Fundraiser’ is going to show you how to easily find millions of dollars for your real estate investing on a webinar tomorrow at 5:00pm Pacific / 7:00pm Central / 8:00pm Eastern. We have a limited number of spots available, so make sure to grab yours now – Yes, sign me up for the free webinar!

Until tomorrow, happy (and profitable) investing!

Doug Smith

Yesterday I asked what you’d do if I gave you a million dollars. I’m so happy that so many of you left your answer, and I have to say that I am impressed… Now I bet you can’t wait to turn those fantasies into reality – because you know that it’s just a matter of time until they become your REALITY.

I’d like to share some of the most creative ways to spend that million…

James says:

“I would build a half-way house for the homeless to transition themselves back into productive citizens.”

Wow, that’s amazing. Way to think about others, James.

Frank said he’d:

“Take my wife and son on vacation. We would spend a week on a luxury private yacht cruising the French Riviera. After that a week in Paris. Then spend a week in a castle in the wine country of Tuscany. Another week in a 1,000 year old castle in the Irish country side before heading off to Africa for a week long safari on the plains of the Serengeti. The next week would be in China with a trip to the Great Wall. A week in SE Asia taking in some of the local culture would then be followed up by a final week of private yacht charter cruising the islands of the Great Barrier Reef off the coast of Australia.”

Okay Frank, you’re officially hired as my vacation planner!

Sonia said:

“With my first million I would buy a good hand full of fixer uppers and flip them and with the profit invest in more and buy my first home for my family and I. Now that sounds like a plan!”

That’s smart thinking!

Do you believe you can get the million dollars? I know it’s a lot of money, but it’s not THAT much. In fact, a million dollars is not what it once was. It’s a very realistic and ATTAINABLE goal. Have you noticed how there has been a paradigm shift recently? Now instead of millions, we talk about billions. But let’s focus on the million for now.

You and I both know that a profitable real estate investing career is the key to getting where you want to be. Before you have one million dollars to spend on yourself, you have to have millions for your business. But you may be stuck at finding those millions for your investing business like I once was.

That’s why I’ve decided to take some time off from enjoying my paradise beach vacation to put together an EMERGENCY PRIVATE LENDING WEBINAR this Thursday.

Private lenders can give you an unlimited amount of money to finance your business – more important now than ever! – so you can finally say goodbye, once and for all, to those hard-to-get bank loans. Imagine how you could explode your investing business if you never had to go to a bank again!

My special guest will show you HOW to get access to all the money that you’ll ever need to fund your real estate deals, no matter your level of experience. I wouldn’t be taking time off from my vacation in Thailand to do this webinar if I didn’t think this information had the power to REVOLUTIONIZE your life. It’s that important!

Be on the lookout for an email from me around 11:00AM tomorrow (maybe a little earlier) with the link to register for the webinar. As always, registration is free but limited. Do yourself a favor and register IMMEDIATELY. You don’t want to miss it.

Until you receive my special EMERGENCY PRIVATE LENDING WEBINAR invitation tomorrow, keep checking here for new ideas on how to spend your million dollars. I’m heading back out to the beach now, I’ll be thinking of you stuck in your J-O-B…

Doug

Hello again fellow investor!

Buying properties from out-of-state owners is what I consider the most overlooked method for getting great deals. Why? Because there’s little competition from other investors and the sellers are often highly motivated.

I recently discussed the technique of contacting out-of-state owners with several of my closest investing friends. Those who weren’t pursuing this source of deals said something like, “Yeah, I need to be doing that.” And the ones who were doing it absolutely LOVE it!

The worst comment that I heard about this method was as follows … “I tried mailing to out-of-town owners. I got a deal from it, but it seemed like the sellers I talked to were getting a letter about once a month from another investor or Realtor. So the competition was a little stiff.”

Folks, I disagree with the stiff competition comment above. Compare that to contacting those on the pre-foreclosure list where sellers are getting 10-30 letters a DAY. So, mailing an EFFECTIVE letter (which should appear personal and genuine) to out-of-state owners has the potential to give you a much greater return on your time and money.

Notice that I’m referencing out-of-STATE owners, not just absentee owners. An absentee owner could live down the street or across town. So their level of motivation is likely to be lower. They can more easily rent, sell, or take care of the property. An out-of-stater, on the other hand, is too far away to deal with the property.

Out-of-state owners have one or more of these problems: They moved, and their old house is sitting vacant, so they’re paying for a house that they’re not using. And on top of that, they’re paying for their new house, so they have 2 mortgage payments. Or, they’re trying to rent or sell it but are having no luck. Or, they have a tenant in there that they can’t collect rent from. Or they have a property manager that is not taking care of it. After all, the manager knows that this owner is out-of-state and can’t see the day-to-day property management problems. The list of potential problems goes on.

There are several ways to get this list of out-of-state owners. These ways range from free to $400 or more. You decide how much you want to pay. But the more you pay, the less work you have to do. Here’s what I mean…

For free, you can go to your county appraisal district’s website and pull up property records one at a time to see if the owner lives out of state. Free? Yes. Unbelievably time consuming? Big yes. I don’t advise doing this. There are better things you can do with your time.

A better way is to request a list from the appraisal district. Just call them up and say that you need a listing of their single family houses on a CD. And you need the list to include owner names, mailing addresses, and property addresses. Almost all counties make you write a letter requesting the list. Then they’ll mail you the CD. And they WILL charge you for it. I called several counties and got prices ranging from $20 to $400.

Once you get the CD, you’ll open up the Excel file that contains the list. Then, you’ll sort the Mailing Address State field. Then, you’ll delete those that don’t live in the state where you’re looking to buy. And you’re left with out-of-state owners. But you’re not done yet…

There’s a VERY good chance that 20% to 30% of the mailing addresses are no good. Appraisal districts just aren’t good at keeping that info up-to-date. So, if you want to get the current address for those people, you’ll need to “clean your list”. You can do this by paying a “List Cleaning” company $250 to $450 per thousand names. I don’t have to tell you that this adds up fast.

Another good way to get this info is by calling a “List Broker”. These folks get info from all different sources, compile it, cross-reference it, etc., and come up with a list of out-of-state homeowners. The best list broker for real estate that I’m aware of is RealQuest.com. Be sure to check it out.

That’s all for now. If you’re not already on the out-of-state owner bandwagon, I encourage you to jump on. Big profits await those who do!

Until next time, happy (and profitable) investing!
Doug Smith
Real Estate Investor and Founder of MyHouseDeals.com

P.S. If you haven’t done so yet, be sure to capitalize on the dozens of motivated sellers and wholesale deals that are already at your fingertips. Many of these sellers are out-of-state owners. To access the list in your area, start your free trial at www.myhousedeals.com/freetrial.