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August Sees Surge in Wholesale Deals

Wednesday, September 1st, 2010

We had a 25% increase in the number of wholesale deals posted to MyHouseDeals.com in August. 632 wholesale deals were added to our database in August, which is great news for our members. Our goal is to continue to bring you the most and best deals. Always.

How are deals added to the website?

There are two main ways deals can be added to the website. They are…

#1 - Investors add their deals by posting them at http://www.myhousedeals.com/property/create/ Once the investment property is submitted, our team verifies the information and supplements it with maps and pictures and approves it so that Premium members can access them immediately. This all happens in a matter of hours, sometimes minutes.

#2 – Our team scours the Internet, newspapers, and our own network of investors looking for new deals. We have staff dedicated to finding deals for you full-time, every day. They dig deep to find deals that have not been posted anywhere else on the Internet. They also ensure that you are getting the most complete and up-to-date information about any deal.

Together, these two sources provide you with more deals than you can handle on the website!

But August wasn’t a great month just for wholesale deals. Check out some other noteworthy numbers!…

404 new Motivated Sellers Leads added
632 new Wholesale Deals added
627 previously posted deals and leads followed-up on for availability and accuracy
401 deals and leads marked as sold or no longer available

$24,082,370.00 combined equity of deals and leads posted in August!

Tags: investment property, lead generation, website update
Posted in Other, Real Estate Investing | No Comments »

Live Event Photos, Networking Wall, and More

Monday, August 23rd, 2010

Thank you to all who attended our Live Event on Saturday! Putting on these events helps us to get closer to our members and hopefully open up a valuable networking channel for local investors. Our goal is also to educate our members about the latest trends, and we feel we accomplished that by providing different training sessions on lending, rehabbing, landlording, and creative ways for making investing work for you when you don’t have a lot of funds available.

As usual, it was a great crowd — I think we can say once and for all that MyHouseDeals.com are energetic, interested, and smart. You guys had great questions for our speakers and also proved that there’s plenty of deal-making going on in Houston. Way to go!

If you weren’t able to attend the event, we hope that you’ll join us for the next one. Check out some of the best moments by clicking the photo below. You’ll be taken to our Facebook photo album, where you can view the pictures and tag anyone you recognize from Saturday…

While checking our photos, please remember to “Like” us on Facebook (you can do so by clicking the ‘Like’ button next to our profile picture.) It’s a great way to get updates and news about real estate investing and to network with fellow members. If you want to bypass the pictures and go straight to our page, just follow the link below…

http://www.facebook.com/myhousedeals

And speaking or networking, check out the final shot of the networking wall from the event. There you’ll find deals, calls for partners, offers from vendors, and financing offers! (Click the image to view the magnified, scrollable version.)

If you were there, we hope you enjoyed the content provided. Can’t wait until the next event!

Tags: brant phillips, eddie gant, glenn dickson, jack mize, landlording, lead generation, lending, live event, mortgage, networking, rehabbing, roger salinas, training, wholesaling
Posted in Just for Fun, Other, Real Estate Investing | No Comments »

Have you registered for this Saturday’s Live Event?

Wednesday, August 18th, 2010

Our next Live Event with Training and Networking happens in Houston this Saturday! You won’t want to miss it, so click the image below to reserve your spot (it’s free!)…

This is going to be another awesome opportunity for networking with other Houston investors and for learning about what’s working in real estate investing right now! We’ve arranged for two in-depth training sessions. They are…

Panel of Rehabbers & Landlords

In this session, our expert panel will share their most valuable tips and strategies for reaping big profits in the current market. They will also answer your questions directly during a lightning round of Q&A, so have your questions ready. Topics include:

- Where they’re finding their deals
- How they’re financing them
- How they’re keeping repair costs low
- How they’re STILL selling or renting quickly

We’ve assembled a panel of experts that can tackle these topics like no other. They are…

Eddie Gant

Eddie is the owner of one of the largest home buying operations in all of Texas. Eddie has bought and sold over 400 houses. He also owns a mortgage company and a hard money company. In short, Eddie knows the real estate investment business inside and out. His specialty is rehabbing and re-selling properties for maximum profits.

Glenn Dickson

Glenn manages a portfolio of about 500 single-family homes and small apartments through his company, Complete Property Services. He is a past Board Member and Vice President of the Realty Investment Club of Houston (RICH), an investor, holds a real estate broker license, and has been in both residential and commercial real estate for about 18 years.

Brant Phillips

Brant bought his first investment property less than 3 years ago when he had almost no cash to his name. Since that time he has gone on to buy almost 50 properties, and he did this while working a corporate job and raising a family. Brant has since left his corporate job to pursue real estate investing and entrepreneurship full-time. In addition to his investing business, he owns and operates Rent Ready Contractors.

What’s new in the world of lending? Market update for long-term loans for investors and end buyers presented by Roger Salinas of Zeus Mortgage. Find out…

- Current lending rates and where they are headed
- How to increase your chances of qualifying for a loan
- Recent legislation that directly affects real estate investors
- How to find the best financing option for your investments

Roger Salinas

Roger is a preferred lender for many of Houston’s most active investors. He has also given workshops, seminars, and bus tours on everything from mortgage basics to sophisticated purchase strategies. In 2009, Roger joined the Zeus Mortgage leadership team where he sets policy and provides coaching for the firm’s strategic objectives. He is also a founding member and volunteer for The Fanatical Change Foundation. Roger has been regularly featured on CNN radio, the Real Deal Radio Show, the Real Estate Uncensored Radio Show, Aztec television, and various other radio programs.

But that’s not all. In addition to training, we’re bringing your favorites back (and then some!)…

- Networking
- Vendors
- Networking Wall
- Case Study
- Deals

It all happens on Saturday. Hope to see you there! Save your spot by clicking the link below…

http://www.myhousedeals.com/HoustonLive

Tags: brant phillips, eddie gant, glenn dickson, investing tips, jack mize, landlording, lending, live event, mortgage, networking, rehabbing, roger salinas, training, wholesaling
Posted in Other, Real Estate Investing | No Comments »

Why We Follow-Up on Deals

Thursday, August 12th, 2010

In July, we added over 900 deals to the website. That’s quite a number! Many of these deals got sold within the first week after they were posted. Several more were sold within the month. The deals that didn’t sell and are still available will probably see their asking price reduced so that they still offer value to investors.

Tip: Follow-Up on deals and leads that you weren’t able to negotiate down when they first became available. If they are still available on the website, it’s likely that the seller is more motivated to further discount it.

So how do we keep track of over 900 deals each month? One of our goals is to make investing easier for our members. One of the most effective ways to do that is to keep information on the website relevant and fresh. We accomplish this by following-up on every deal posted on the website. That’s right. We have staff manually following up with sellers every day to keep the information you access as a free or Premium member of the website current.

After the initial follow-up process to initially approve each deal, we also follow-up with sellers 15 days and 30 days after a property is posted. If during that time the property was sold, we make them unavailable on the website. But the real value for you is on the cases when the property is still available. Two main things happen…

1. We go over all the information available on the deal to make sure it is still accurate – This includes ARV and Estimated Cost of Repairs review and an updated list of repairs.

2. We discuss the asking price with the seller and encourage them to reduce it – If the deal is still available after 15 or 30 days, it is likely that it does not offer enough equity for investors, so we talk to the sellers and encourage them to lower their asking price with the incentive that their deal will likely sell faster.

In July, we followed up on 591 deals! This is just one of the ways we work to make things happen for our investors.

Here are other important numbers for the month of July:

Motivated Seller Leads Posted – 397
Wholesale Deals Posted – 505
Deals Followed-Up on – 591
Deals Marked as Sold – 402
Total Equity posted to MyHouseDeals.com – $26,963,028

We hope you are taking advantage of the wealth of information we have available for you at MyHouseDeals.com!

Tags: how to use myhousedeals.com, investing tips, website update
Posted in Other | No Comments »

Feels Good to Grow!

Wednesday, July 14th, 2010

June was a month of growth for us at MyHouseDeals.com. We got more Motivated Seller Leads and Wholesale Deals than in the previous months. What does that mean for you? A 55% increase in available equity for the taking! Here are the numbers…

Motivated Sellers Leads – 304 new leads were added to the website (13% growth over last month!)

WholesaleDeals – 501 new deals were posted to the website (32% growth over last month!)

Followed-Up – 435 deals followed-up on for accuracy and availability

Sold Deals – 345 sold on the website or marked as no longer available

Equity – $40,939,876.00 combined equity of deals and leads posted! (55% increase over last month!)

“How to Use MyHouseDeals.com” - Hosted 2 webinars with over 330 investor registrants. If you haven’t participated in one yet, sign up for it at http://www.myhousedeals.com/webinars/how-to/ It’s free!

Live Event! – Hosted the 4th edition of our bi-monthly live event in Houston, TX with training sessions, networking, and trade show. It was a day to remember! Houston investors agree — over 600 of them signed up to attend it!

And we’re going to keep bringing you MORE deals, MORE networking, MORE training! Stay tuned!…

Until then, happy (and profitable) investing!

The Team at MyHouseDeals.com

Posted in Other | No Comments »

Photos from Saturday’s Live Event!

Tuesday, June 29th, 2010

What an incredible event it was! Investors packed the house on Saturday for the MyHouseDeals.com Live Event! It was a memorable day of live training and networking.

And we’ve got the pictures to prove it! From the “Private Money” session with Tom Berry to the “Internet Lead Generation” discussion with Jack Mize and Jaremy Moritz, including their in-depth closed doors session for Premium members only in the afternoon, we captured every moment of the live event. Click here or the image below to see the pictures.

We also brought back the “Networking Wall.” We asked our attendees who either needed a service or had a service to offer to write their name, phone number, and a short message on a large piece of paper on the wall. By the end of the event it was completely covered with offers and services. As before, many people were frantically trying to copy everything down as the event came to a close… so we are making it available to you here in case you didn’t have a chance to. Check it out by clicking the image below or going to http://www.myhousedeals.com/houstonlive/networking-wall.asp

These events get us so excited and motivated, we can’t wait until the next one! We hope you were there and enjoyed it as much as we did!

Until next time, happy (and profitable) investing!

Posted in Just for Fun, Other, Real Estate Investing | 2 Comments »

Congrats to Katie Woolam!

Wednesday, June 16th, 2010

Hello fellow investor!

Last year, I gave a college scholarship to a deserving student from my old high school. I found it very rewarding to give back, so I decided to do it again this year.

The scholarship criteria were that they are nice, likable, and a good student. I know, very simple requirements. But one person really stood out in all three categories. Her name is Katie Woolam, and I named her as the recipient. You’ll see from her email below that she’s nice and likable. But what her email doesn’t say is that she was the class valedictorian, so she was clearly a good student!

I gave her the scholarship late last month, and she’ll use it to help pay for tuition at Texas Tech University this fall. I wish her the best of luck in college, but with a track record like hers, she won’t need it!

Below are some pics of Katie…

And here’s what she sent me when I asked her about herself…

The foundation of my life is God and my faith. I attend Holy Spirit Catholic Church with my family every Sunday, and I attend daily mass at St. Elizabeth’s. I also volunteer for an hour of adoration every Saturday night at Holy Spirit.

I have also been a varsity softball letterman for four years. I play third base, and our team went undefeated in district play this year. I have been first team all-district third base, I have received leadership awards, and I have also been selected for academic all-state.

I have been a member of the varsity band for four years as well. I play the flute! I sit first chair, I am a section leader, and a band captain. I have made the All-Region band all four years as well as All-State Solo and Ensemble. I have also been involved in the Area band.

This coming fall semester, I will attend Texas Tech University and will begin studying to become a nurse. I love science, especially anatomy and physiology! I know this next part is a cliche, but I really mean it when I say that I enjoy helping people. I feel like my interest in the studies necessary for the career, my affability, and my knowledge in faith make a great team fit for having a career as a nurse!

I like taking long moonlit walks on the beach. Just kidding! Although, it does sound nice… In my free time, my childish side comes out. I have quite the collection of markers, crayons, sidewalk chalk, coloring books, and sketch pads. I love to doodle and use color! In fact, my backpack is covered in my random little sketches and the silly contents of my brain. I also like to go the the park. I spend most of my free time outside, thus acquiring extreme tanlines. (Those “extreme” tanlines are something I’m actually infamous for!)

She’s very happy and enthusiastic, isn’t she? I love peeking into the world of optimism and possibility that’s often found in young people like Katie. That’s one of the reasons I choose to give back through scholarships.

Well, I need to get back to rounding up those deals for you. But before I sign off, I’d like to encourage you to use your time or money go give back to a cause you believe in. I’m confident that you’ll find it to be extremely fulfilling for you and the recipients. And I encourage you to do it now rather than later because later never seems to come!