REAL ESTATE OVERAGES: ADVANTAGES FOR EVERYONE
If you haven’t heard about it already, I want to talk to you again about the Hooked on Overages master class that myself and my buddy, Bob Diamond are offering this week. Bob Diamond is a Business and Real Estate Attorney and has been in the real estate investing industry for over 25 years. He actually became an attorney AFTER he was already an investor because he wanted to be more knowledgeable about the technical parts of real estate, which is how he found out about this opportunity I’m about tell you about.
There is a unique chance for you to act as a “finder” to help people receive hidden money that is owed to them by the government. Certain types of transactions take place and the government will take over the property, liquidate the assets and end up with the extra money. The government is then sitting on the money that is owed to these regular people and they don’t give it up unless those people come knocking and actually ask for their money.
The issue is – these people have no idea this money is out there! That’s where you come in. Bob refers to this as the “Robin Hood System” and if you think about, this name totally makes sense. There is a significant amount of money in it for YOU as an insider who would be finding this money for people from the federal government.
There’s truly no catch – it’s a unique niche opportunity that ANYONE can do.
This can help you take your business to the next level – these “overages” are a phenomenal way to make new money. You are helping people regain money to rebuild their lives while making a nice profit for yourself.
There are still some spots available to register for this free master class on Sunday and learn more about this program:
9 WAYS TO OVERCOME LAZINESS AND PROCRASTINATION
While we’re on the topic of taking your business to the next level, I wanted to talk to you about 9 ways that I overcome laziness and procrastination.
You guys know I have a lot on my plate – balancing being a husband, a father, time with family, my businesses, my social life, etc. I need to stay very organized and on top of things so everyone, including myself, is content.
One thing I do to stay organized is leave myself notes near my desk where I know I’m going to see them with goals. I like to be reminded of what I am striving for and what still needs to be done to get there. I also use a program called X Mind which is a free software that helps me brainstorm and manage my ideas. If you ever been on a master class training with me, you’ve probably seen me use this.
To get the full details on these 9 steps, watch the full YouTube video below:
The following simple strategies are what I use to get MORE done in LESS time:
- Get an Accountability Partner
- C.E.R. (Absolute Clarity of the End Result)
- Take One Step
- Do It Imperfectly
- Study Under a Mentor
- Fun Reward
DISADVANATGES OF CONVENTIONAL BANK LENDERS FOR REAL ESTATE INVESTMENTS
One last thing I wanted to cover today was part two of discussing funding. On Tuesday, we talked about why hard money lending doesn’t work for every real estate investing deal. Today, I want to cover why conventional bank financing and lending doesn’t work for real estate investment properties.
Since the financial crisis in 2008, conventional bank lending just has not been an option for investment properties. If you have a property that you purchased and you have a great credit score (680 or better), you have 20% to put down and the property needs NO work at all, then a conventional bank loan may work. You will also need a 40% debt to income ratio INCLUDING this new investment property you are going to buy.
The obvious problem with this is that a lot of people don’t have 20% to put down on an investment property, they don’t have a 680 or better credit score and they don’t have an under 40% debt to income ratio.
The chances of all these factors lining up is very, very slim. In addition to these specifications, banks expect you to pair for any rehab repairs or closing with your own money. You are forced to pay for these things out of your own pocket.
Click here to listen to the full episode of Strategic Real Estate Investing Radio and download from iTunes to find out how I recognized this problem and came up with a funding opportunity for my students that is much more favorable.
Comment below and let me know if you’ll be joining us on our Hooked on Overages master training class, what techniques you use to stay motivated in your business and if you have any questions about conventional bank loans. I’d love to hear from you!
CEO Strategic Real Estate Coach
CEO Freeland Ventures and Freeland Lending
CEO Yellow Jacket Properties
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