Module 5 Mindmap To PDF Conversion

Module 5Mindmap to PDF Conversion1. "55" Simple And Powerful Ways to Find Killer Real Estate Investmentsa. Think of your business like a funneli. you have to put in alot of potential deals for the good ones to shake out thebottomii. SUSPECTS turn into PROSPECTS turn into FOLLOW UP DEALS turn into OFFERSturn into ACCEPTED OFFERS / DEALS1. Suspects2. Prospects3. Follow up and Due Diligence4. Offersa. AOF5. Accepted Offers / Dealsiii. there's alot of different way to find real estate deals1. PAID METHODa. ONLINEb. OFFLINE2. FREE METHODa. ONLINEb. OFFLINEb. FREE METHODi. ONLINE1. www.homepath.com - 1a. search thousands of foreclosed Fannie Mae Homes Instantlyi. they buy mortgages on secondary marketii. Taken over by govt in 2008iii. CHASE - originate note and mortgageiv. Sell note and mortgage to fannie maeb. all FANNIE MAE FORECLOSED HOMESc. these homes are also listed on MLS with a realtord. Create an accounti. save your search criteriae. Set up your searchi. by cityii. by countyiii. by pricef. 3 bedg. 1 bathh. Use Buyers Agent to Submit Offer

Module 5Mindmap to PDF Conversioni. Write Contractii. In a competitive property / market - use the listingagentiii. in a competitive market submit highest and best offeriv. Register on their website1. when they have something that meets yourcriteria they will email you a new listing, backon market, price reductions2. www.homesteps.com - 2a. Freddie Mac real estate sales uniti. freddie mac foreclosureb. Helps savvy investors learn about and buy desirable propertiesc. Create an accountd. Set up your searchi. by cityii. by countyiii. by pricee. 3 bedf. 1 bath3. www.hudhomestore.com - 3a. FHA loans gone badb. Buy HUD homesc. Realtors make online bids without ever having to write acontractd. once approved HUD makes you and your realtor use thier HUDsales contracte. have 48 hours to sign and return the contract via UPSf. Earnest Money deposit is 1% of sales price with minimum of 500 and a max of 2,000g. must have a realtor with NAID number submit your bidi. NAID number are issued to the broker of record andthen all realtors who work for brokerh. VA bids on property at 10% and gets counter offers and thensubmits his bid4. www.auction.com - 4a. Sold over 30Billion of real estate via online auctionsb. mostly investment property and foreclosed propertyc. Create an account

Module 5Mindmap to PDF Conversioni. log in with user name and passwordii. send you emails when something is listed that meetsyour criteriad. Set up your searchi. by cityii. by countyiii. by pricee. 3 bedf. 1 bathg. bid on properties up to your max offer priceh. based on the automated offer formulai. NOTE: some properties on auction.com are also on MLSj. Fairland Ave5. www.auction.com - 5a. LIVE AUCTIONSi. go to the auction at courthouseii. could be at a title companyiii. could be at public siteiv. must have 10% down while you are there1. Then 90% next dayv. don't get 10% back if you don't close1. get 90% back if you don't closevi. some you can inspect / some you cannot1. drive neighborhoods2. your house in on the sherriff's sale3. 50% of time they will let you invii. reserve needs to be met1. reserve may be waived on short salesviii. 5% buyers premium6. HILCO REAL ESTATE AUCTIONS - 6a. new orleans redevelopmentb. Tax Deed Sales7. www.hubzu.com - 7a. browze thousands of homes from coast to coastb. register for a free accountc. bid in an auction in real timed. ORe. make an offer and get a response from the seller

Module 5Mindmap to PDF Conversionf.g.h.i.j.8.9.10.11.12.13.receive an email congratulating you on your winning bidsign P&S agreementsend in your earnest money depositclose the dealcannot sneak in a bid at the endi. if you bid in the last 15 minutes the auction time will goup 15 minutesk. 4.5% buyers premiumwww.zillow.com - 8a. up to the minute listingsb. look at properties from coast to coastc. for sale and for rentd. See single family homes, condo's, town homes and homes notyet on the market like pre-foreclosures and short salese. shop for customized qoutes and get pre-approvedf. browse millions of photosi. property description, size, sq footage etcg. see compsh. see past property historyi. zillow gets all the inventory from MLS, public recordj. My brother Mark Cantwell uses Zillow extensivelyi. Not a realtorii. dos not have access to the MLSwww.trulia.com - 9a. an all in one real estate site that gives you the local scoop abouthomes for sale, neighborhood insights, and real estate marketsand trends.i. Hot propertieswww.realtor.com - 10a. Site and Appwww.fsbo.com - 11www.forsalebyowner.com - 12MLS - 13a. every property that gets listed with a real estate agent gets putinto the MULTIPLE LISTING SERVICEb. this is a popular reason why motivated sellers, banks andforeclosed properties get listed on MLS is for the maximumexposure

Module 5Mindmap to PDF Conversionc. every agent can see every property in MLSd. have buyers agent set you up on a email dripi. see belowe. new listingsf. price dropsg. back on market14. MLS email drip -14a. Any realtors can become your BUYER's agentb. buyer's agents can set up your particular search criteria in theMLS and then make sure the MLS system automatically sendsyou an email every time a property that meats your criteria islisted. Then you will get notified. Also every time there's a pricechange, like a reduction in price, you will be notified via email15. IDX - 15a. internet data exchangeb. IDX is a contract agreement between the local MLS and a localreal estate agent who has a websitec. the local real estate agent signs a contract allowing the MLS tofeed all the properties from the MLS into the local agentswebsited. thus the IDX site is almost as up to date as the MLSe. it updates about every 15 minutesf. Go to Googleg. Search "homes for sale in (fill in blank city)h. normally the ads that display in the upper left and down theright column are paid ads from google's advertisersi. the top 3-6 ads are most likely IDX websitesj. you can set up a Acct and search the MLS for freek. create a free accountl. good for virtual investingi. CHRIS SEDERm. REMAX.comi. nationwide IDXn. VENDORSi. Commissions Incii. Tiger Leadiii. Real Nerdsiv. Realty Generator

Module 5Mindmap to PDF Conversionv. V41. Scott Miller16. Social Media - 16a. Facebookb. Twitterc. Linked Ind. writing posts about what you do in real estate can be veryeffective so that your friends on facebook will seek you outwhen they have a real estate related question with can in turnlead to deals and to money17. Video - 17a. you Tubeb. 2nd largest search enginec. record a videoi. FLIP CAMERA / IPHONEd. put "(insert city) homes for sale" in the title and description18. Craigslist - 18a. Houses for sale sectionb. For rent sectioni. All rentals in craigslist are vacant and owners aremotivated to find a renter or a buyerii. every property that's in the for rent section is a vacanthouseiii. contact the owners / landlords and see if they arelooking to sellc. post adsi. we buy housesii. we take over paymentsiii. Sell your house fast, for cashiv. any conditionv. any situationvi. Call 1-800-buy-quik TODAY19. TAX DEEDS / LIENS - 19a. DKi. Post Taxes onlineii. Post equity onlineiii. tax delinquent with no mortgageiv. TLO.com - phone number

Module 5Mindmap to PDF Conversionv. hand written letter with postage1. forever stampvi. overages / surplus fundsvii. 5k profit20. Buy from Hedgefunds who've bought properties - 2021. Buy from a wholesaler who bought a tape - 21ii. OFFLINE1. Buyers agents -22a. Buyer's agents can effectively bring you properties because theyreceive a commission every time you buy a propertyb. this is the best part about real estate and using a buyers agenti. buyers agent get paid by the SELLERc. every time they find you a property you buy they are paid acommission by the seller NOT BY YOU.d. i personally have 3 dedicated buyer's agents who are constantlylooking for properties for me to buye. they bring me properties that look good and have potential2. Short Sale Investors and Agents -23a. Focus on short sales and pre-foreclosuresb. when homeowners are in pre-foreclosure, going thru a divorce,have no equity they often call a real estate agent to help themlist and sell their propertyc. for less than whats owedd. what often happens is they list the home and a buyer writes anoffere. then it take 3-4 months to get an answer back from the shortsale lenderf. so the buyer walks awayi. because it takes too longg. then the asking price is reducedh. a new buyer makes an offer at a lower pricei. then bank takes forever againj. and property goes back on the marketk. So the sweet spot is Short Sale Listings that have been onmarket for at least 180 daysi. because agent and seller are motivated to unload it andthey don't care what you offerii. just offer using the Automated Offer Formula

Module 5Mindmap to PDF Conversion3. 365 Days on Market -24a. Make an offer on every property that's been on market and bid50% of asking priceb. subject to walk thru4. Expired Listings -25a. make offer on every propertyb. door knock the sellerc. expired plus short sale keywords5. Referrals -26a. friendsb. familyc. business associatesd. Social Networke. If done over 25 real estate deals with family and friends whohave referred me to their friends and family who are motivatedsellersf. i use a monthly or bi-monthly newsletter to stay in touch withmy local contactsg. you can also use email marketingh. i like to send out a direct mail peice and then follow up with aphone call saying "hey did you get my newsletter? what did youthink of it?"i. you just want to open a conversation so they ask you "Hey whatdo you do again?"j. and you say " I raise capital from private investors, we buyforeclosures and we pay our investors a fixed double digit rateof return"k. do you happen to know anyone looking to buy a property, sell aproperty or invest and be the bank and get a great double digitrate of return passively?l. "Letter" Campaign to Centers Of Influencei. "I'll pay you a 1,000 Bonus if you refer me to any realestate property that i buy!"ii. my name is josh cantwell and i am a full timeprofessional real estate investor and entreprenuer. I aminterested in any buyers you can refer to me who arequalified to obtain financing, they could be retailbuyers, owner occupied buyers or investors, I would

Module 5Mindmap to PDF Conversionalso be interested in any sellers that need to get rid ofproperties. I can pay the seller all cash and close in 2days. For your efforts i will pay you 1,000 fee for eitherbuyer or seller referrals. Please call with quesitons atXXX-555-12346. REIA CLUBS -27a. real estate investor associations7. Attorneys -28a. Probateb. General Practicec. Real Estated. Divorcee. Attorneys have clients who are constantly buying properties,selling properties, going thru foreclosure, divorces, bankruptciesand those lawyers can be a great lead source for a real estateinvestorsf. attorneys know of properties that are OFF MARKET with little orno competition8. Mortgage Brokers and Bankers -29a. they are in real estate full time as lendersb. they regularly get leads from sellers looking to refinance whoare in foreclosurec. they cannot refi b/c they have bad creditd. brokers can make a marketing fee for introducing you to theirlead9. LAND BANK -30a. In communities like cleveland and other rust belt cities or citieswith “blight” sometimes properties are simply abandoned. Icuyahoga county they set up a land bank which takes over theseabandoned homes and sells them back to investors supercheap. I saw a piece of land worth over 50,000 sell for 20k justlast month in strongsville. Ive seen perfectly good rentalsproperties in solid rental communities like garfield hts go for 5,000. That’s it. Check with your county and see if they’ve setup a “LAND BANK” and find out how to buy from themb. 197 LAND BANKSi. across the US1. center for community progress