Success
Was Watson Really On Vacation?
Thursday, June 26th, 2008 | Uncategorized | 1 Comment
By Jeff Watson:
A cool relaxing evening on the shores of the gulf of Mexico and Waveland, Mississippi. I could be found walking around enjoying the beach while talking on my cell phone. Which coaching student was I speaking with?
As many of you know, my wife and I took a week in June to go down to Waveland, Mississippi and Bay St. Louis, Mississippi along with 33 other individuals from our Church (Eagleville Bible Church, Jefferson, Ohio) to help Katrina survivors rebuild their homes. For five days, by day I was a carpenter’s helper and laborer. In the evenings I had a chance to spend time with my wife and friends relaxing on the beach while returning the phone calls from coaching students with crisis deals.
Four different houses were either sided or erected by the team that I was a member of.
While the positive results conversation that many people have with sellers who are in foreclosure talks about the fact that the investor’s company engages in residential redevelopment, there are times when we as human beings must engage in more than just residential redevelopment. We must engage in not only redevelopment but also restoration. Hurricane Katrina was a huge and devastating force that impacted at least one hundred miles of coastline along the gulf coast of the United States of America. It is still causing disruptions in the lives and businesses to this day.
It is important for each person to remember that as they are working their business, they are doing their best to help people regain control and some semblance of order to their lives. In addition to helping people by making money, there are also times to take the money that you have made and use it to allow you to just give your time and your effort to help people. Doing things like that sometimes can turn out to be great vacations.
$65,000 Profit!!! Case Study – Hilden Rd
Friday, June 13th, 2008 | Real Estate Investing, Short Sales | 3 Comments
By Josh Cantwell:
Wow. I don’t know if there’s anything better than getting an email like the one I’m going to share with you below. I was having a normal week, nose to the grindstone, taking care of business, anticpating the birth of my first child, having coaching calls, etc. when a new email came through from one of our coaching students, Howie. The title of the email was “WE DID IT AGAIN!!!”. Oh wait, it had 4 exclamation points, not just 3! My first thought was “awesome“.
I opened up the email excited about what I was anticipating to read, and it was AWESOME. After I read it, I felt like a proud parent. Howie is one of our newer coaching students, just joining SREC’s coaching program on February 1, 2008. He has just completed his 2nd deal and made $65,000 on it! Not only that, but it only took him 3 months to complete it from start to finish! Okay, before I spill all of the details, I’m going to share Howie’s email with you and let him tell you.
“Hey Guys,
I just wanted to share our latest deal that we closed last week! Man, this just keeps getting better! We put a house under contract 03/05/08, it was a 5br/3ba approximately 2400 SQ ft. and is located in the nicer part of town. This particular home was built in 2005 and I guess would fit the criteria of a “Pretty Home” in a newer subdivision. The homeowners owed 290k on the first and 40k on the second. We got the Lender, Aurora Loan Servicing, to accept our offer at 205900 with them netting $187,651 on the first and $1000 on the second. We resold the home for $285000 without doing anything to the home. We funded the deal with private money and received a check for $62306.32 after all fees and realtor commissions were paid out. I also received $3600 from my broker as a real estate commission. We closed this deal in exactly 91 days from the date of submission to the actual closing date. Aurora Loan Servicing Rocks!!! I want to thank all of you again from the bottom of my heart; there is nothing more satisfying than reaping the rewards after months of hard work and persistence. Josh, Jeff, Greg, Ted you guys keep motivating the group, I know there are a lot of people still struggling with these deals. What more can I say, after the closing I stood on my deck in the back of my house, the last six months just flashed thru my mind, I thought to myself; I am so happy and grateful and feel blessed to have crossed paths with all of you….God Bless All of You and everyone that’s part of your organization.
Best Regards
Howie & Raquel in Jacksonville”
So to recap:
Total Original Payoffs: $330,000
Discounted Payoffs: $206,900 (gross) with a net of $188,651
Repairs: $0
Resale Price: $285,000
Profit: $65,906.32
Total Days From Start to Finish: 91
Seriously, how sweet is that?! After months of learning and applying what he’s learned, Howie closed a $65,000 deal in just 91 days! Not much can compare to seeing our students be successful and getting an email like that.
I remember the first couple of deals that we did here in Cleveland. They were nothing like that! BUT, the sense of accomplishment that we felt in having closed a deal and knowing that we had helped someone out of a bad situation far exceeded the fact that we only made $348. And now, just a few years later, to see our students making $65,000 rivals that feeling of accomplishment!
If you’ve just closed an awesome deal, or a tough deal, or your first deal feel free to share that with us and leave a comment below. It’s awesome to hear about other people’s accomplishments.
More Loss Mit Insider Secrets
Monday, May 12th, 2008 | Real Estate Investing, Short Sales | 3 Comments
By Josh Cantwell:
Do you want to know even more about what happens in a
Loss Mitigation Department at a nationwide lending
institution when you submit a short sale package?
Well, so do I! That’s why I’ve convinced Jerami to
come back and do another call with me…
Tomorrow Night!
We got such a great response from the first call that
we did and so many follow up questions that I’ve
convinced Jerami to do another call with me to delve
even deeper into Loss Mitigation and REO Spreadsheets.
Jerami is going to let us in on tons of insider secrets,
showing us how the bank compares a short sale to an
REO when a short sale package is submitted.
And of course much much more…
If you missed the first Loss Mit call or if you have
any unanswered questions about Loss Mitigation, then
you can’t miss this call.
Seats will fill up fast, so be sure to register Now!
Space is limited.
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/990769356
More of Your DOLT Questions Answered… Tuesday!
Monday, May 5th, 2008 | Real Estate Investing, Short Sales | 24 Comments
By Josh Cantwell:
Death of the Land Trust (DOLT) sent a JOLT through the industry.
Jeff Watson and I did an industry changing call last month focusing on the Death of the Land Trust in short sales and how the real estate investing industry is changing.
There has been so much feedback that we’ve decided to do another call on this subject – Tuesday Night! We’ve had lots of comments and posts in the SREC blog, but seeing how many people are buzzing about the Death of the Land Trust in other forums nationwide really solidified our decision to do another call.
Tuesday’s call with Jeff and I will focus on the Death of the Land Trust and the Option Contract. We will be getting more into the option contract and how it works, why it works, and what it does.
If the response for this call is anything like the response for our first DOLT call, seats will fill up fast. So be sure to register below asap!
Space is limited.
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/186291489
At 12noon EST today grab one of the few remaining SUPER BONUS PACKAGES
Friday, April 25th, 2008 | Real Estate Investing, Short Sales | 6 Comments
Josh here,
After our launch last week we had to take time to process all the orders and the applications. Bad news is some were declined for the finance option. Good news is…
…you and a handful of others will have another chance today at 12noon EST, when www.worldshortsalemainevent.com GOES BACK ONLINE, to BUY UP the 8, maybe 9, SUPER BONUS PACKAGES that are left.
Go to www.worldshortsalemainevent.com right now to claim one the last few remaining seats for the ONLY Short Sale Event you need to attend this year to stay on the cutting-edge of one of the hottest real estate investing strategies to come along in years.
You do not want to miss this event. Here are a few reasons why:
#1 – We will have an expert panel that will discuss all the most current techniques for short sale investing – OTHER GURU’s are coming and want to see what we are doing. We’ll turn this into a BONUS session for you. We will duck tape them to their chair and make them tell you all their secrets right along with ours.
#2 – We will have Jerami King there – a senior, management-level loss mitigator for a national mortgage lender will be there to unveil the most current lender protocols for negotiating short sales. There’s no better way to know how to get those huge discounts than to understand what the actual lenders are doing on the other side of the phone.
#3 – We are taking all the attendees to a Cleveland Indians Game – Do not miss out on your chance to network with other successful investors from all over the country – and see the Tribe bring home a winner.
#4 – We will be training on The Property Launch Formula – a secret technique for selling your properties in any market.
#5 – You will get one of the last spots that will include all the Bonuses. Once they are sold out then they are gone baby gone. Many others will make last minute decisions to come to the event but they won’t get the bonuses. Do not be that person! Make the commitment NOW and we’ll reward you for taking action!
See you in Cleveland May 27th thru the 31st at…
I almost forgot. Check out THE VIDEO BELOW that I recorded with Watson. This is a case study of a deal we just closed two weeks ago. We made over 30k + on it. The video is hilarious and will walk you thru one of our latest closings. It was a deal we closed using the option method and satisfied the end buyer’s seasoning requirements. Believe me this deal was so easy to close I am positive you can do it too.
Their Loss Could be Your Gain!
Monday, April 21st, 2008 | Real Estate Investing | No Comments
By Josh Cantwell:
Well, we’re almost through processing all of the
paperwork from the launch and it looks as though
there may be a few more bonus packages opening
up.
Unfortunately there were a few people who were
declined for financing, but their loss could be
your gain!
We’re finalizing all of the numbers today, so
if you’re still interested in coming to the World
Short Sale Main Event and taking advantage of the
sweet bonuses, be sure to check back tomorrow.
I’ll be letting you know for sure if some bonus
packages have opened up and how long the site will
be back up (if indeed we are able to put it back up).
You’ll have to jump on it though, so opt in at
www.worldshortsalemainevent.com to be notified if
any bonus package seats open up. I’ll send out an email
tomorrow titled “Bonus Packages Available”, so keep
your eyes peeled. You can also check back to the blog
for more information.
PLF Revealed
Friday, April 18th, 2008 | Real Estate Investing, Short Sales | 6 Comments
By Josh Cantwell:
Greg Clement and Jeff Watson revealed a new formula, the Property Launch Formula, for selling houses at lightning speed in today’s real estate market. Feel free to check out the replay below and leave your comments and questions. This video is currenlty unavailable and will be re-posted shortly.
Josh Cantwell talks Loss Mit
Friday, April 18th, 2008 | Real Estate Investing, Short Sales | 2 Comments
By Josh Cantwell:
On Monday night, I had an in depth call with a Senior Level Bank Loss Mitigator where we got down and dirty talking about short sales and loss mitigation. The replay of the call is available below. Feel free to post your comments and questions.
Property Launch Formula Revealed Tonight
Tuesday, April 15th, 2008 | Real Estate Investing, Short Sales | 7 Comments
By Josh Cantwell:
Forget everything you’ve heard about how hard it
it to sell houses in today’s market! The Property
Launch Formula, or PLF for short, is going to
change all that.
Tonight is the last call of our 4 part teleclass,
and it’s going to be a good one. Tonight (Tuesday)
at 8pm, Greg, Jeff, and I are going to be talking
about how to sell your houses quickly in today’s
real estate market.
We’ll show you our new technique for getting our
properties on the market and sold with lightning
speed using the PLF. This formula will get realtors
and buyers to notice your properties faster, and
could even land you on the local news (story to follow
in tonight’s call!). I guarantee, you’re going to love
it!
We’ve had a huge response for our previous teleseminars,
so make sure to claim a spot on tonight’s call by
registering at the link below…
https://www1.gotomeeting.com/register/308584812
This is also the perfect time to submit any questions
that have come up over the past few weeks regarding
Short Sales and real estate investing.
We will save time at the end of the call to do some
Q&A, so once you’ve registered for tonight’s webinar,
start submitting your questions.
Place your questions in the comments section under THIS POST.
We’ll be taking all of the questions placed in the comments section
under this post and will be answering them on tonight’s call.
On another note, if you haven’t gone to
www.worldshortsalemainevent.com
to claim your Front of the Line Pass yet, I have to ask,
“What’s holding you back”?
Head over there now
www.worldshortsalemainevent.com
and claim your pass so that you can read all of the information
about the World Short Sale Main Event and even Register a
FULL HOUR BEFORE the general public.
See you tonight.
SENIOR LEVEL BANK LOSS MITIGATOR WITH US TONIGHT – ONE TIME ONLY
Monday, April 14th, 2008 | Real Estate Investing, Short Sales | 25 Comments
By Josh Cantwell:
Tonight at 8pm EST I will be doing our third teleclass
training call. We will be joined by a senior management
level loss mitigator from a major national mortgage company.
I will be interviewing him for almost 90 minutes. He’ll be
on the call to talk specifically about a few topics:
1) The current state of the mortgage market and loss
mitigation departments
2) Why lenders love taking losses on pre-foreclosures
thru short sales
3) What to put in your short sale package to get it
negotiated quicker than all the other offers and at
bigger discounts
4) Why the BPO appointment is the most important 10
minutes of every short sale
5) How to overcome your fear of lender negotiation
6) Why getting the short sale approvals can be as easy
as sending in a fax
Make sure you register for this call. I had to beg and
plead with this guy to get him on the call and he may not
be available again for months. If you have questions for
him make sure you write those under this post and if I can
squeeze them in I’ll have those questions answered.
Seats fill up fast!
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/697790183
THE WORLD SHORT SALE MAIN EVENT HAS BEEN ANNOUNCED!
Our Launch day is WEDNESDAY APRIL 16th AT NOON.
Make sure you go to www.worldshortsalemainevent.com
now and register for your Front of the Line Pass. I can’t tell you what we are going to be announcing
exactly – I don’t want to spoil the surprise – but
I can tell you that it will blow you away.
We have a few big JV’s who are mailing to their list
this Wednesday at noon and the program will probably
sell out that day.
Those who are registered for the Front of the Line Pass
will get a secret link that will allow you to read all about
the World Short Sale Main Event and Register a FULL
HOUR BEFORE the general public. Those who are pre-registered
will be able to see what we are unveiling at 11 am while
everyone else waits until noon. Make sure you have Front
of the Line access.
Sales are limited so make sure you pre-register at
www.worldshortsalemainevent.com.
Lastly, we posted the Death of the Land Trust call from
last Thursday. Make sure you go back and re-watch it.
The one point that Watson and I were trying to make on
that call was this:
Even if you are closing short sales with land trusts with
no problem, you need to rethink your plan.
Title underwriters hate land trusts in short sales. The
title underwriter is not aware of the assignment.
What about the good funds laws?
What about the trustee’s fiduciary duty to the seller?
Confusion.
The market is changing. Be ready.
Think ahead of the pack. Don’t follow the herd.
Go back and re-watch the video. Take notes and plan accordingly.
Just enter your first name and email in the
box below for free immediate access!
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