10 Tips for Choosing the Right Contractor

Recently I put together a training video and blog about how to find reliable, quality contractors. Now I am going to tell you the next step on what to do once you have put together a list of possible contractors you may want to work with.

As you already know, a good contractor can really make or break your flip, so here's how to make sure that you are choosing the right one for you and your business.

10 Tips

1. Interview AT LEAST 3 contractors for your job (particularly if you are newer to rehabbing). You should get three different bids from three different contractors and review them based on the research you did on materials and your estimate of what you think the rehab should cost. Make sure the contractors are bidding on the exact same plan - have a Scope of Work they can use to create their bids.

If you have a contractor that you have been working with regularly and have a trusting relationship with, then you can skip this step and just move forward with using them.

2. Don't pick the cheapest one just because it's the cheapest. The most expensive bid might not be the one you want to go with either, but it MAY be. If you are planning on doing a big profit rehab, you don't want to skimp on the important things. If the number is too low, chances are the contractor doesn't see your vision for the property and doesn't know what kind of work your plan actually entails. If they severely underquote

3. Ask to go see some of their projects. Don't just take their word for it, do not be afraid to ask if you can see a project they are currently working on or recently finished. Is it broom swept? Do they clean up after themselves every day? They should take pride in what they are doing and keep a clean work space even if the property is vacant. It can be a good indicator of how they will treat your project and their employees.

Seeing a completed project of theirs may also help you decide if you think they can see your vision for your project as well.

4. Discuss how they handle picking up materials, payment schedules and change orders. Are you going to be responsible for paying for and picking up materials? It's important to know how that will work. A lot of times, if the contractor picks up materials for you, they may tell you it cost $100 but it only cost $80 so they are making a little extra money - this is NOT acceptable. If they are picking up materials, make sure they submit an invoice or receipt so you can see the exact costs.

Will they want to paid weekly, biweekly or in draws? The only thing I will advise against on this topic is never give them a lump sum up front. It could happen that they take the money and run. It's unfortunate, but it could happen.

Change orders will CRUSH your budget if you aren't careful. An example of this would be if you originally plan for a bathtub in the master bath, then decide you want a steam shower instead. That means more materials and more labor. Make sure the terms with your contractor are clear on how they handle change orders so there are no surprises on either side. Be conscious that you are not the indecisive homeowner and that you try to stick to your Scope of Work.

5. Make sure they are licensed, insured and bonded. They have to be all three - if someone gets injured on the job, you want to make sure they are covered with workman's comp insurance. Make sure you actually see a copy of the insurance if it's your first time working with them.

Bonded means that if they happen to take your money and run without the work being complete, you can take them to court and get your money back.

6. Read the Scope of Work, contract and sign. This goes back to making sure you have a detailed Scope of Work in place that your contractor has reviewed and understands. Make sure the timeline and budget is agreed upon and the contract is signed by both you and your contractor.

7. Don't give any more than 1/3 of the budget up front. We already discussed this previously - if it's your first time working with a contractor, there's no need to give them a lump sum up front. They can start demo on a house without any money at all.

8. Check in often on the project to learn what they are doing and why so you are better educated for the next properties. This is especially important if it's your first big rehab project. Watch what they are doing and understand their process and in what order things happen.

Don't ever say, "Well I don't know anything about construction, so I'm just going to let my guy handle it." That is inexcusable. If you want to be in this business, you need to learn and understand all that goes into it or else your contractor and crews will notice and start taking advantage of you. Verify and ask questions on anything you don't understand.

9. Devise an incentive program for the contractor for work done early or on time. This is optional and something you can do if you feel comfortable. If a job is done on time (rare) or close to it, we sometimes offer a 5 or 10% bonus if it looks great and meets your expectations.

If you aren't comfortable giving them monetary rewards, maybe just provide some pizza and soda lunches on a Friday afternoon to thank for them their hard work. Don't let good work or meeting deadlines go completely unnoticed.

10. Make sure your contractors abilities match the end product that you are trying to produce. If a guy is used to doing $100k houses, he probably isn't the right contractor to be on your $800k flip. And that can work vice versa as well - if a contractor is used to doing only multi-million-dollar high end homes, he probably isn't going to understand why you are putting linoleum in your kitchen and you will get charged higher than you should for it.

Creating a Budget, Schedule, and Scope of Work

Now that you have chosen your contractor, let's discuss how to put together a budget, schedule and Scope of Work. As we mentioned above, it's VERY important that you and your contractor are on the same page for all of this.

Budget
Make sure your budget goes from start to finish from demo to finish work and breaks down each individual cost. This budget should be a written document that you provide your contractor or share with multiple contractors if you are collecting bids. Once you have chosen your contractor for the job, you should both sign off on the budget.

Scope of Work
The Scope of Work tells us what is going to happen each week throughout your rehab step by step. Is it a quick flip, an 8-week plan, 10 week plan, etc.? This will help you know exactly what's going to get done week by week and also help your contractors stick to schedule.

Detailed Schedule
This will tell you exactly what's going to get done each and every week.

NEVER start a project with these three important documents. Watch the full video on this training below:

Looking for a Mentor?

Feeling overwhelmed? Real estate investing is not easy and there is a lot to learn and remember as you go through the rehab process. Once you get a few flips under your belt, the process becomes easier and you are able to learn from your mistakes and find that things will go smoother.

Something that was incredibly helpful to me when I was just starting out was having a mentor to help me understand the WHY and HOW things were to be done. It's nice to have someone who is currently doing the same thing successfully to be able to help you get your business running smoothly and automate it as much as possible.

One way to do this is to apply for our one-on-one coaching program. Our head coach at SREC, Kyle Garifo, started as a $40k Flips student, applied for our one-on-one coaching program with me and his success took off. Just a few years later, he's running an incredibly successful business in his market of Chicago, IL and also now coaching students of his own. You have probably heard him on some of our podcasts or trainings.

If you want to learn more about this program and take your education to the next level, fill out the application below to see if you are a fit. We will provide you with the blueprint to be successful, you just have to take that first step.

Apply here now!

Be Daring,
Josh

CEO Strategic Real Estate Coach

CEO Freeland Ventures and Freeland Lending

CEO Yellow Jacket Properties

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How To Outsource Improvements In 6 Easy Steps

Do you know EXACTLY how to plan out your renovations and improvements once you’ve located a great deal that needs some repairs?

Are you a little intimidated of making a mistake when a property needs repairs?

Well if you are like me (not handy AT ALL) this can seem a little confusing and scary.

Fear not my friend. I’m here to help.

I recently interviewed my brother, Mark, who handles our projects and contractors. He’s a self taught remodeling wizard. We laid out the exact 6 step Standard Operating Procedure we use to completely outsource the renovations on a property so we can prepare to flip it and exit out of the deal with a retail buyer.

Watch the latest video training class right here:

While you are watching and listening to the training video, check out the Standard Operating Procedure Below in 6 easy steps.

Step 1: Demolition: Rip Out All Old Cabinets and Countertops, Demo Everything

Make a list of what you are keeping, tear out everything else.

Step 2: Repair and Replace Utilities, Electrical and Plumbing Check Outlets, Electrical Panels and Repair Test All Utilities

Test each outlet and check all breakers to see if they are tripping or not working. They may need changed out. Label each breaker in panel and see which breakers are running each room and label each breaker in the panel. Once all breakers are on, make sure all outlets are hot and they work. Go into the wall, see if outlets is bad, make sure wire coming in to the wall is hot. Check for main break in wall. Check for wires that are not connected.

OR - HIRE AN ELECTRICIAN: $30 an hour on low end, $50 an hour is the going rate, pay for their time and materials at cost, $60 -$75 an hour is high end.

Step 3: Repairs Walls, Prepare For Paint, Mud, Skim, Scrape Sand, Patch, Tape

This step could take 2 days or 8 weeks depending on the house and extent of the work.

It's now time to put everything back together. Including patching and fixing walls, repairs and replace drywall, patch nail holes in walls, repair any drywall from the demo / electrical and plumbing fixes, want to do drywall, especially in the kitchen.

Do not want to do too much paneling: paint white, paint a wall color, prime it white, sticks to shiny paneling

Bathrooms: Always keep it white

This can be frustrating step, lots of patching and mud and tape.

DRYWALL FINISHER!!!! $500 for whole house for texturing and final drywall.

Step 4: Paint – Get Painter in the House, Get Everyone Else out Of the House, Bedrooms, Garage, Living Room, Beds, Baths, Sunroom Step 4: PAINT: DOORS, KITCHENS, BATHS (takes 1 – 2 weeks)

NOTE: Start kitchens and baths, if electrical is all done you are ready to put it back together

Paint the entire house first, you don’t want to get paint on floors and cabinetss. It's hard to work around guys who are painting - some contractors like to paint the entire house in 2-3 days and some guys don’t mind working in one room while you are working on another.

Doors are re-installed and painted: contractors can paint the doors and all the trim, paint trim prior to install in the garage – easier / quicker

Step 5: Install: Reinstallation Of Everything, Lights, Cabinets, Countertops, Flooring, Appliances, and Finish Work.

House is painted, plumbing and electrical is done, doors are installed, get windows in before paint, order, windows, vents, outlet covers replaced, fix outlets, kitchen and bath install

Step 6: Finish Work: Double Check All Holes Are Patched, and Painted, Landscaping, Vacuum, Staging,

FLOORING AND FINAL TOUCHES

STEP 7: PROPERTY LAUNCH: staging, vacuum, pictures, MLS, prepare for property launch, prepare marketing, property launches are always on Sundays from 2-4

 

(Student Case Study) How to Create Standard Operating Procedures and Systems in Your Real Estate Business

Work the System

This past week, I was able to spend some time with one of our Master’s Elite Coaching Members and also an investor with Freeland, Phil Luther. He is a very experienced real estate investor with over 30 years experience a massive rental portfolio and who has been part of our high-end coaching program since December 2014.

Recently, we were talking about growing and scaling his business that he has had since 1977. He resides in Austin, Texas and currently invests in San Antonio. He wanted to know some ways to streamline and make his business more automated. He’s spending far too much time “IN THE BUSINESS” working on rental vacancies and evictions and not enough time “ON THE BUSINESS” acquiring properties and building his team.

This made me think of a quote that really resonates with me from one of my favorite books, “Work the System” by Sam Carpenter.

Phil explained to me what his day-to-day responsibilities were within his business and immediately, I knew that he was spending WAY too much time on actually performing the work. He’s totally IN the business and not able to focus on improving the processes.

Are any of you having this exact same issue? Does it not feel like there is enough time in a day for you to get the things on your to-do list done due to administrative work and fixing other unforeseen issues and putting out fires?

The Art of Removing Yourself from Your Business

I know as well as anyone this can be tough, but it’s completely necessary and REQUIRED as a business owner and entrepreneur. Removing yourself from your business is an art – without question, the process begins by creating documented systems and then offloading the systems to someone else.

Remember, once you deviate from the system, you have broken it. A system is designed to work regardless of whether you are in it or not. Every time you get involved you’ve broken the system. Every time you make a “one off decision” and change the process you’ve broken the system.

System creating can be broken into three parts:

One of the problems that Phil mentioned he was having was collecting rent from his tenants, writing eviction notices, chasing after past-due rents, etc.

Let’s break down the steps on how we can help Phil, and you, alleviate these issues…

Step 1: Get bookkeeper all the addresses, tenant names & rental agreement for all properties so they can be responsible for collecting rent checks.

Step 2: Bookkeeper can input all accounts receivable for each property into Quickbooks.

Step 3: Send tenants a monthly statement for their rent (e-mail or physical mail) – it can show the current amount they owe plus any late fees if applicable

Step 4: With no exceptions, decide to whom and to what address the rent checks should be sent to

Send out a notice to all tenants on brightly colored paper that stands out to announce the new
standard operating procedure of where to send their checks. Give about 45-60 days notice for the change to become effective.

Step 5: One person collects ALL rents EVERY TIIME

Step 6: One person deposits ALL rents and communications with bookkeeper about which rents were received and deposited EVERYTIME

Step 7: Bookkeeper processes through QuickBooks and adjusts accounts receivable as rents are collected and deposited

Step 8: Bookkeeper balances QuickBooks on the 15th of each month and sends a quick email or text to business owner (Phil) to let them know who is past due

Step 9: Administrative assistant makes collection calls to tenants with past-due rents

Step 10: Bookkeeper sends business owner report of past-due rents on 30th of each month

*If a tenant is still delinquent by the 10th of the month, follow the next 7 steps:

Step 11: Issue a 3 day eviction notice

Your bookkeeper should alert your attorney of who is still past due about the 10th of the month, keeping the business owner out of the process. Once the notices are drafted, your administrative assistant should go leave notices on each tenant’s door.

Step 12: If still no payment after 3 day notice, file 30 day eviction notice

Step 13: Eviction notice to court date is about 14 days

Step 14: From court date to actual eviction is about 2 weeks

Step 15: If tenant still has not moved 5 days after final eviction notice, clean out property and put their belongings on the curb

Step 16: Maintenance crew cleans up property – fresh paint, carpet cleaning, etc.

Step 17: Market property and re-rent to a new tenant

If/Then Sequences

Within a system, you need to create “If/Then” sequences. These mean that if this happens, then this happens as a result.

Part of the reason why many people DON’T create systems is because IT’S HARD. You have to sit down and think through a step by step process and sometimes, just winging it every day seems easier. BUT, if you take the time to create the systems, you become free from your business.

Homework

Your homework from this is to sit down tonight and put together a few of the systems that you need to create to help automate and streamline your business. Then start thinking of the processes you will need to put these systems into place.

If you’d like to see exactly how we create these systems and all the execution plans we’ve created watch this training video and see how we’ve DONE IT FOR YOU. 

Trust me, you will thank me in the future when you see how much time and money you can save by implementing simple processes like this into your business.

Be Daring,

Josh

CEO Strategic Real Estate Coach

CEO Freeland Ventures and Freeland Lending

CEO Yellow Jacket Properties

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Josh Cantwell Twitter

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Great Real Estate Investments Sell Themselves (And How to Find Real Estate Investments)

TWO NEW REAL ESTATE INVESTING CASE STUDIES FROM JOSH CANTWELL:

Today I'm going to walk you through two brand new personal case studies we have of homes we sold in record time last week and yielded a profit of $86,000. I knew this spring selling season was going to be hot, but so far I’m blown away by the results we’re having. 

Before: 2227 7th St. Cuyahoga Falls, OH

Let’s take a trip back and visit this property before we had started the repairs. The day I filmed this video was the first time I was ever seeing the house since my brother Mark actually made the purchase. We bought it in October 2014 and started with $92,000 in private money, bought the property for only $62,000, so we had $30,000 cash back at closing.

We wanted to try and keep the old floors, doors and doorways. It needed some exterior work and new windows, drywall and electric inside. The total rehab process took about 4 months because of the subzero temperatures this past winter.

After: 2227 7th St., Cuyahoga Falls, OH

We knew this house was in a pretty hot market, but we didn’t realize how hot until we started doing the work and agents were stopping by on a regular basis to see when we would be listing the property. We had about 8-10 showings and a few second ones scheduled as well. Once the repairs were complete, we listed the property for $139,900 on April 12 and since we had quite a few competitive offers, we ended up getting $140,400 on April 18. The total net profit after ALL costs including realtor commissions, property taxes, private lender interest and other title fees on this property will be $34,100.

 

Before: 1300 Idlewood Ave., Lakewood, OH

Idlewood was a unique property for us because it was the first multifamily home we have rehabbed and flipped in the past 3 years. It’s located in Lakewood, OH which is another pretty hot market in the Cleveland area suburbs. It’s perfect commuting distance into downtown is just 10 minutes and sits right beside Lake Erie and beautiful Edgewater Park. We purchased it in late January 2015 for only $53,000.

It needed 95% interior work, both the top and bottom units were identical and needed some serious updates. Check out the video below with my Acquisitions Manager, Dione Saliba, for a walkthrough of the property before repairs.

Lakewood is full of very old homes that have a lot of character, so we wanted to make sure we kept the charm of the old hardwood floors and fireplaces, but updated things that desperately needed it like the kitchens and bathrooms.

After: 1300 Idlewood Ave., Lakewood, OH

This property had a response very much like 2227 7th St., we had a lot of interest before it was even on the market. To really get the buzz going, we created this unique marketing video to show the updates we made to the house and give a drone view of the yard and surrounding city.

We listed the property for $129,999 on April 30 and within 4 days, we received a cash offer of $125,000! I didn’t even bother negotiating with the buyer to get a higher offer. We Just signed the offer and proceeded to escrow.

HomePath.com Tutorial

I’m sure right now you’re wondering – “Josh, how are you finding these ridiculously profitable deals?” The first thing to note is that we don’t get every property we do our due diligence on. Some fall through and we never close, some we visit and it just isn’t what we were looking for. In order to keep the process going, you have to look at your business like a funnel. You need to look at a lot of potential prospects in order for the good ones to shake out at the bottom and turn into deals. You have to do your due diligence by going out and looking at these properties, following-up and staying on top of the ones that make the most sense to invest in.

My team and I find these properties many different ways, but one that we use often is HomePath.com. HomePath is a site where you can search thousands of foreclosed Fannie Mae homes instantly. You just log on, create an account and search by city, county or price. These homes are also listed on the MLS (Multiple Listing Service) with a realtor.

The best part of HomePath is that you are able to make a bid online and do not have to be a licensed agent to purchase. An agent does have to put your offer into the website for you.

Listen to this week’s episode of Strategic Real Estate Investing Radio to get the full scoop about HomePath.com and exactly how I use it to find great real estate investments.

Conclusion

If you secure a potential deal and put in the right amount of rehab work to make it a great property that people want to buy, it will pay off. As you can clearly see from 2227 7th St. and 1300 Idlewood Ave., a good property pretty much sells itself with almost no marketing.  

Real estate investing can seem intimidating, but trust me, once you walk away with the first couple profit checks, you will be hooked. There’s a lot that goes into the business, but I am here to walk you through every step of the way! We even provide you funding for your deals. To get more information about our “asset based” Freedom Funding Program visit this page of our website and watch the free training videos.

Leave me any questions or comments below regarding these properties, HomePath.com or real estate investing in general, I’d love to hear from you!

Also make sure to leave us a 5 star rating in iTunes when you listen to the Homepath.com podcast and a review in iTunes and YouTube. Lastly, become a you tube subscriber to get automated notifications every time we post a new free training video. 

Be Daring,

Josh Cantwell

CEO - Strategic Real Estate Coach

CEO – Yellow Jacket Properties

CEO – Strategic Freedom Funding & Freeland Ventures

[Done For You] Freedom Funding

BREAKTHROUGH new training for real estate investors who need capital to fund their deals:

Watch This Video: Done For You Freedom Funding
This training...and the capital that comes with it.....might be my most powerful work to date, and I'm betting it will completely change he way you do business.

No charge. No Opt-In. Nothing for Sale.

Get it here.

Josh

P.S. I just closed a deal at 5309 Lindford Ave and made $55,385 bucks with none of my own cash or credit and without doing any of the work myself.

This new training video will walk you thru 6 very recent case studies of no money down deals I've done or deals I've funded for our SREC students.

Do you need capital?

If so you can't not watch this.

Fixer formula automates offers for YOU!

This training video I just uploaded explains our AUTOMATED OFFER FORMULA and exactly how we've automated the offer process on every home we buy and flip.

You should use THIS EVERYTIME you scout out a house to invest in.

It's only going to make your life easier and allow you to make offers faster.

Check it out here. Nothing to buy, no opt-in required.

Be Daring,
Josh

Equity Partnerships vs Hard Money. You choose which is better.

Do you know the difference between Equity Partnerships Versus a Hard Money Lender?

Let me give you a quick summary:

Equity partnerships:
Don’t require down payments
Don’t require good credit
Don’t require money up front to cover fees, points or closing costs
Roll everything into the loan
SPLIT THE PROFITS

Hard money:
Requires 20% down
Requires 680 credit score
Requires money up front for points, fees, closing costs
Equity partnerships are cool and are a win-win
Hard money sucks and is lopsided towards the lender.

I was out visiting one of my investment properties last week and shot a quick 60 second training video for you teaching why we do equity partnerships with our clients and students.

Take a look.
Josh

P.S. If you missed out on the Freedom Funding Training and Coaching Program last week I’m sorry to say all the spots are gone. We sold out in less than 7 days.

If you’d like to join our waiting list to get notified in case we re-open visit www.getfreedomfunding.com

[Free Video] Force Others To Fund YOUR Deals

I just posted another training video where I outline how I am able to land 3-6 houses a month for 30-40 cents on the dollar using other people's money:

Click here to watch the free video (no opt in)

This is how I'm able to flip houses in great upper class neighborhoods for an average of $40K profit without any risk.

Listen: it's a myth that you need tons of cash in order to make money with real estate.

This video will show you how to get access to all the cheap, no income, no asset, "no credit check required" capital you'll ever need.

So now, you're able to make offers with confidence.

All the money is right in front of you—you just have to know where to look.

This is how I've been able to do 650 deals in the past 10 years while other investors stuck their head in the sand during the recession.

So get after it and watch this free video to find out how I do it.

Be Daring,
Josh

P.S. If you think this video is helpful, then feel free to leave a comment and "like" this video on Facebook.

P.P.S. The opportunities are out here no matter what the "naysayers" on television have to say about the real estate market.  Many markets are bouncing back and now's the time to get in.

This video is a perfect start, so take a look and leave a comment!

Others Fund Your $40K Deals (Free Video)

How to make money in real estate:

I just posted another real estate investor training video where I outline how I am able to buy 3-6 houses a month for 30-40 cents on the dollar using other people's money:

Click here to watch the free video. (no opt in)

This is how I'm able to flip houses in great upper class neighborhoods for an average of $40K profit without any risk.

Listen: it's a myth that you need tons of cash in order to make money with real estate investing.  This real estate investor training video will show you how to get access to all the cheap, no income, no asset, no credit check capital you'll ever need.

You'll be able to make offers with confidence. All the money is right in front of you—you just have to know where to look. This is how I've been able to do 650 deals in the past 10 years while other investors stuck their head in the sand during the recession.

So get after it and watch this free video to find out how I do it.

Be Daring,

Josh

P.S. If you think this video is helpful, then feel free to leave a comment and "like" this video on Facebook.

P.P.S.  The opportunities in real estate investing are out here no matter what the "naysayers" on the tube have to say about the real estate market.  Many markets are bouncing back and now's the time to get in the action.

This video is a perfect start, so take a look and leave a comment!

Real Estate Coaching on Government Foreclosures & HUD Homes

Have you ever flipped a government foreclosure? Do you know what a HUD home is?  Do you need Real Estate Coaching?

Well in this training video I explain EXACTLY what a HUD home is, how the government forecloses on homeowners, how these properties go to auction, how to buy them once they are HUD homes and WHY THEY ARE SO DARN LUCRATIVE.

Just this past week I Launched 242 Sandstone Ridge Way for $229,900.

I’m only into it for $141,000 so it’s looking like a $60,000 PROFIT.

It was a HUD HOME / government foreclosure.

I also SOLD 2312 IOTA drive In Cuyahoga Falls for $139,900 about 30 days ago and made over $38,000 It was a HUD home / government foreclosure.

I bought it for $53,000, renovated it with $30,000 and launched and sold it in 38 days.

You should be flipping government foreclosures.

Sign Up BELOW to Join ONE of the FREE HUD HOME FLIPPING WEBINARS!

Wednesday, February 19th Webinar Registrations:

Click Here For 2pm Registration

Click Here For 8pm Registration

Click Here For 11pm Registration

Thursday, February 20th Webinar Registrations:

Click Here For 4pm Registration

Click Here For 8pm Registration

Click Here for 11pm Registration

 

 

 

[Free Video] My 5-Step Process For Big Profits Real Estate Investor Training

Many real estate investors ask me…

“Josh, how do you do it? How do you consistently close these big deals… month after month without ever using any of your money?”

Well… I have a very specific 5-step process I follow.

And in this free real estate training video, I walk you through that entire process.

I show you a real deal I’m doing right now that’s expected to bring in $46,000.00 of profit.

This is priceless information. It’s literally a multi-million dollar formula… and I’m giving it to you for free.

So if you really want to learn how to make money in real estate…

Talk soon,
Josh

P.S.  After you watch this video, be sure to check out the 40K Flips Blog, where I answer another common question: How I Get My Properties Sold In 90 Minutes Using My Property Launch Formula.

To learn the Property Launch Formula I use go to www.40kflips.com/blog

Real Estate Coaching on HUD Homes

Have you ever flipped a government foreclosure?

Do you know what a HUD home is?

Well in this training video http://www.youtube.com/watch?v=ZRtJiT0USM0

I explain EXACTLY what I HUD home is,

how the government forecloses on homeowners, how these properties

go to auction, how to buy them once they are HUD homes and

WHY THEY ARE SO DARN LUCRATIVE.

http://www.youtube.com/watch?v=ZRtJiT0USM0

Just this past week I sold 7493 Ballash Road and made $39,000.

It was a HUD HOME / government foreclosure.

I also bought 38 Edgewood drive 2 weeks ago. It was a HUD home / government foreclosure.

I bought it for $41,000, renovating it with $25,000 and

I’m scheduled to Launch It June 30th for $129,900.

You should be flipping government foreclosures.

Watch this video to see why. http://www.youtube.com/watch?v=ZRtJiT0USM0

 

Sign Up BELOW to Join ONE of the FREE WEBINARS!

https://www2.gotomeeting.com/register/684442698

https://www2.gotomeeting.com/register/175816050

https://www2.gotomeeting.com/register/395053506

https://www2.gotomeeting.com/register/542164970

 

 

Three real estate investing strategies you should focus on today

I recorded a great training video I think you should watch on how I’ve positioned my real estate investing business to evolve over the past 4 years. It also explains what I’m doing right now in my real estate investing business to cash in and how you can do the same.

What’s cool is these real estate investing strategies have made me millions. Also along the way I’ve paid out hundreds of thousands to other investors.

I’m not doing the same things today I was doing 2 years ago.

Check it out here

The training webinar is free.

In the video I explain the 3 most common types of leads I gets into my business today and how you can easily monetize each type of lead quickly using one set of documents.

In the video I will also show you how to can profit from each type of lead.

You make money with….

no money of your own,
no credit of your own,
no loans for you
no loans for your buyers
no short sale negotiating
no rehabs
no push back from title companies, closing attorneys ever.

and without ever buying or owning a single home.

and with sellers and buyers who are hungry to work with you and that are so easy to find. You can walk out your front door and stumble over these real estate leads.

When you use these techniques you’ll make a instant cash infusion.

Check it out today.

See you on the training,

Josh

3 investing strategies you should focus on RIGHT NOW

I recorded a great training video I think you should watch on how I've positioned my business to evolve over the past 4 years and what's I'm doing right now to cash in. What's cool is these investing strategies have made me millions. Also along the way I've paid out hundreds of thousands to other investors.

I'm not doing the same things today I was doing 2 years ago.

Check it out here

It's free.

In the video I explain the 3 most common types of leads I get into my business today and how you can easily monetize each type of lead quickly using one set of documents.

In the video I will also show you how to can profit from each type of lead.

You make money with....

no money of your own,
no credit of your own,
no loans for you
no loans for your buyers
no short sale negotiating
no rehabs
no push back from title companies, closing attorneys ever.

and without ever buying or owning a single home

and with sellers and buyers who are hungry to work with you and that are so easy to find you can walk out your front door and stumble over them.

When you use these techniques you'll make an instant cash infusion.

Check it out

http://www.instantcashinfusion.com/video1

Josh

P.S. Check it out ASAP because it won't be up for long.

Grab your prospect by the eyeballs.

Today I’ve got two of my “Underground Geniuses” on video sharing what I consider to be the lifeblood of any long lasting, sustainable, and profitable business.

If you have want more leads for your real estate business – both buyers and sellers…

If you want more deals closed…

If you want to stay top of mind, build trust, rapport, and credibility…

Watch the third Genius Underground Marketing video right now:

http://geniusunderground.com

These guys are the best of the best at what they do. Icalled them up and told them to give away their best stuff in a free training video for you.

It’s on the site now, but won’t be up for long.

Watch it now:

http://geniusunderground.com

Talk soon,
Josh

P.S. Be sure to leave a comment, questions or feedback and let these guys know what you think.

Do You Experience Vicious Cycles of Profits and Losses?

I’m going to start today by asking you a question.

Would you rather have a business that generates huge profits once in while?.......
OR
a business that generates repeatable consistent profits month after month after month?

I hope you said repeatable profits because that ONE
word - REPEATABLE - is the KEY to long term success and wealth in
real estate and in business.

In his new training video, my long time friend, Greg Clement,
outlines the 5 Step System he calls “RPM” that you can follow to create
repeatable, long term, consistent profits in your business.

Get Greg's 5 Step RPM System here. It’s free

Greg and I are childhood friends going all the way back to
grade school. Greg and my brother Mark are two years older
than me and used to try to pick on me actually.

TRIED being the key word.

Greg thought he was tough but I used to kick his butt at pretty much everything. LOL

We eventually partnered up in 2003 and started investing together, 8
years ago, we named our first business after our grade school –
St. Ambrose.

We bought into SYSTEMS early.

Every business that wants to succeed needs a system
to generate repeatable profits and Greg's 5 Step RPM System
has created huge success for our businesses and families.

You can easily duplicate these 5 steps.

Today, combined, Greg and I own over 12 companies. Some together, some separate.

He's going to teach you exactly what we did to generate
consistent results in each business and build how we built our businesses fast and how
you can do it too.

Learn here why Greg says "Marketing is our Hamburger".

He won't have this up for long, so make sure you learn
from him now while it's available.

To Consistent Profits,

Josh

The Highest Revenue Producing Activities in Real Estate….

Here’s the key to getting everything you want out of your real estate business and your life…

In this training video I reveal the HIGHEST REVENUE PRODUCING ACTIVITIES that you should be spending your time on in your real estate business. I also reveal the non-revenue and low revenue activities – which you should avoid - as well as the complete time wasters – avoid at all costs.

Watch this video to take massive action, overcome laziness, and defeat procrastination once and for all!

http://srecbusinessmastery.com/blog/

Peace,

Josh

Want Free/Cheap Seller Leads?

I just shot a 20 minute training video that will show you how to get them.

Click the link below and watch it now.

===> http://www.joshtraining.com/video-finance/ < =====

One of my investor buddies tried this on Monday. Here’s what he said about the results.

“Hey Josh, I tried this on Monday just like you and Derek showed me.  We targeted 10 houses and got 5 calls within hours. Plus 2 more calls in the next 24 hours. Thanks.” – Jonas.

Watch it now, no opt-in required. You get instant access.

- Josh

P.S. Get a pen and pad ready… you’ll want to take notes. This stuff just works.

See for yourself…just like Jonas did.

===> http://www.joshtraining.com/video-finance/ < ======

Don’t delay, it’s coming down in a day or two.

Business & Lifestyle Design - Training Video

 Over the past 3 years I’ve had hundreds of people ask me to personally coach them on building their real estate business. They ask me what they need to do to grow their business to the million dollar level.

That’s a great goal. A million dollars a year. BUT is that really what they want? Do they really want a million dollars OR do they want something else. What I have found is that they really want what the million dollars buys them, NOT THE ACTUAL CASH.

I’ve created a video training for you called “Business & Lifestyle Design”. It's right here on the blog.

What does a million dollars a year buy exactly?

A luxury house on the water….A yacht….A Maserati…A closet full of expensive clothes.

OR

Does it buy peace of mind, happiness, security, and a sense of accomplishment?

Well, I say it buys BOTH. Sure a million dollars a year buys toys and fun, cool stuff AND it buys a sense of accomplishment, security, and peace of mind too.

BUT, only if it’s done the right way. I see investors who bust their butts and work 60-80 hours a week and make a lot of money and have no life. I see investors who make much less who are able to enjoy their business and their lifestyle at the same time, and don’t kill themselves slaving to get there.

So I ask you….why don’t more people have both?

I’ve created a video training for you on the exact 6 Steps that it takes to design your ideal business AND lifestyle at the same time. It’s up on the blog.

Go watch it now. Once you are done I want you to leave a comment about what you think it takes to design your ideal real estate business and lifestyle at the same time…..and let me know what’s holding you back so my team and I can help you get there.

Watson Webinar on Monday!

After you’ve watched the video, be sure to sign up for Jeff Watson’s Webinar on Monday night – June 7 – at 8:00pm EDT – Register here.

On Monday night at 8:00pm EDT, you will have a RARE OPPORTUNITY to spend some quality time with Jeff Watson – widely considered THE expert in the area of short sale law.

Jeff doesn’t do open calls with the public very often – in fact, this is only his second one this year.

You DO NOT WANT TO MISS THIS… Believe me, these calls are AWESOME.  

Here’s a sneak peek at what Jeff is going to cover on the call:

Keep one thing in mind. Jeff is going to give good answers to your questions, but he is going to protect the best interests and proprietary information that is reserved for the SREC Coaching students. His top-notch information is reserved for the Coaches that Jeff has personally trained, so he will respect that commitment.

If, after taking part on this call and realizing the gold mine of information that is available, you want to join the SREC coaching program, you’ll learn how to do that, too.

Click here to register for the call on Monday, June 7 at 8:00pm EDT.

Don’t forget, that’s Monday at 8:00pm EDT.

Spaces are limited and will fill up fast so don’t wait until Monday morning to register… DO IT NOW!  Last time we ran out of ports!

Register now.

Make or Break Real Estate Script Tips11 most common objections investors face…

When I talk to new real estate investors (and even seasoned ones) the biggest fear they have in the business (and what’s holding them back the most) is talking to sellers.

The reason being is they just don’t know what to say when asked a question.

Today I released a NEW video answering the top 11 objections sellers will give you.

Watch it now…

http://www.SalesMasteryforShortSales.com

If you’ve ever heard…

  1. …I’m already taken care of!
  2. …My house is worth more, I have equity
  3. …My attorney told me to file Bankruptcy!
  4. …I’ll just use a realtor to sell my house!
  5. …I want to stay in my house!  (refi, loan mod)
  6. …I am broke. I must have cash to move!
  7. …Isn’t this going to hurt my credit!
  8. …I don’t want to be responsible for anything! (deficency judgement)
  9. …Your offer is way to low!
  10. …Why do we have to use  all this weird paperwork? (contracts)
  11. …I’m just going give it to the bank! (deed in lieu)

This video has the answers

Watch it now…

http://www.SalesMasteryforShortSales.com

Answer these most common objections with confidence and you’ll close more deals.

This training is  my gift to you, but you’ve got to get it now before I take it down for good.

Enjoy,

Josh Cantwell

P.S. If you haven’t downloaded my two previous trainings you’re in luck. You’ll also be able to watch this NEW training video as well as download my 57-page special report and previous 54-minute training video.

Get it now…

http://www.SalesMasteryforShortSales.com

The #1 Biggest Fear Haunting Most Real Estate Investors

I just released a brand-new training video on overcoming the #1 BIGGEST fear haunting most real estate investors. Watch it now… And link to the

Click Here NOW to watch my new 54-minute training video on How To Overcome the #1 BIGGEST Fear Haunting Most Real Estate Investors…and MASTER the art of closing a sale…

One of the biggest fears most new investors face when first getting into real estate is dealing with buyers and sellers. A major reason behind that is not being prepared on what to say or do when objections come up. In this new training video I show you how to overcome the most common objections and give you my proven strategies for MASTERING the art of effectively influencing buyers and sellers in ANY short sale situation. This video reveals…

>> >The 22 points in EVERY short sale transaction where a "SALES" technique is used.

>>>Homeowners HOT BUTTONS - the real NON-FINANCIAL reasons for selling a home.

>>>The 5 step process to becoming a MASTER CLOSER

>>>The 6 key emotions that make people buy or sell anything... including their house. And a whole lot more. Many of my top coaching students credit their success to becoming a MASTER at the art of closing the sale. In this video I show you how…

Click Here NOW to watch my new 54-minute training video on How To Overcome the #1 BIGGEST Fear Haunting Most Real Estate Investors…and MASTER the art of closing a sale…

Getting Referrals From Mortgage Brokers

Check out my newest training video on how to work with mortgage brokers for an endless source of highly qualified motivated sellers.

In this video you will discover:

1. How to piggyback on the dollars mortgage brokers are already spending on marketing. This is a great way to get highly qualified leads without spending any of your own money.

2. How to show mortgage brokers and loan offices to double, triple or quadruple their existing income just by working with you. (So they keep sending you the very best leads so you can close more deals.)

3. What mortgage brokers can do with their "dead leads" that will make you rich!

4. The "65 & alive" rule and why it's important.

5. Where to look and what to look for on popular online classified sites like craigslist to track down highly qualified potential lead sources.

6. The big book that's in everyone's home or business (and no one uses) to map out your plan of attack.

7. How to create your simple one page flyer to hit mortgage broker ìsweet spots.

8. Who to talk to in the mortgage office to get the "Golden Endorsement."

9. How to stay in touch with mortgage brokers on autopilot.

And much more...

Make sure you leave me your comment about the video and you'll have a chance to win a copy of my newest course, the "Short sale Referral Magnet" to learn more about Center of Influence Marketing to generate more leads without spending any money.

When you're done watching the video, make sure you read my newest article on working with Mortgage Brokers for tons of lead generation.

Click Here for my new article on Hubpages "Working with Mortgage Brokers"

Learn how to to present yourself as the solution for making money out of dead leads and putting dollars in their pockets and yours.

Enjoy!
- Josh Cantwell

Click Here to download the Craigslist Ad for Mortgage Broker Referrals