For some of you, no matter how many books you read, CDs you listen to, and seminars you attend, it’s just not enough. You haven’t bought any properties and you’re frustrated. You need special attention. You need someone to help you get started, find houses to buy, structure the deals, find and hire general contractors and sub-contractors, rehab the houses, and flip the houses quickly or rent out the house. Well, listen-up, I’ve got just the program for you.
It’s my extra-special, super-duper, private Mentoring Program. Everyone needs a mentor, even me. (I could never have succeeded as a real estate investor and writer without the help and support of a mentor.) Well, now it’s my turn to mentor you. If you’re serious about flipping houses and know you need help in getting over the hump of buying your first property, here is an incredible opportunity.
My intensive Mentoring Program includes private weekly meetings, conference calls, field trips, and unlimited telephone and email consultations. Best of all, no long-term contracts or outrageous costs! The Program is month-to-month to suit your needs. It’s affordable and you can stop and start whenever you want. We will have only one goal; for you to buy at least one house (if not several) within the next 30-60 days!
Most real estate gurus are based in other states where you call an 800 number and speak to a different person every time you call. How frustrating! That’s not mentoring. In my Program, you only speak to me, no one else. After all, when investing in Southern California, you want help from a local expert who will “hold your hand” and advise you on local conditions, laws, and customs.
So, if you want to achieve rapid results, you should be working with me. The time is right now! Are you ready? If you’re serious about becoming a real estate investor and know you need/want your own mentor, please email (LloydSegal@msn.com) or call (310-409-8310), and let’s get started!
Schedule can be rearranged to suit your priorities.
How to Find Deals. During your first month, we will explore the various methods of finding deals. With inventories low, we must utilize non-traditional (as well as traditional) methods of finding properties for sale. Frequently the best deals are with distressed owners whose houses were never listed on the MLS or offered for sale. Let’s learn how to find these deals.
Evaluating Deals and Visiting Properties. During your second month, we will start visiting various types of properties and evaluating whether they are good deals. Or you find a house for sale, but it is not a good deal. Or you find a great deal, but the seller is not cooperating. We’ll explore each of these challenges. What makes a good deal? Why is the owner selling? What is the interior and exterior condition of the house? Meeting face-to-face with owners is also crucial to understanding the
Structuring your Deals. During your third month, we will begin structuring your deals. There are many different ways to structure the acquisition of a property and many different methods to provide the financing. We’ll explore each of the methods. Real Estate deals are win/win propositions. You want to buy the property for as little as possible but what does the seller need to accomplish? Solving the seller’s needs will lead to your success as an investor.
Submitting Offers. As the adages goes, you will never buy a house if you never submit an offer. In other words, you need to “Take Action,” which in this context means submitting offers, lots of offers! Which forms do you use, which clauses do you use, which terms and conditions are applicable, and how do you deliver your offer to the seller? We’ll explore all of these crucial issues during the fourth month.
Negotiating Offers and Counter-Offers. During your fifth month, we will learn how to negotiate with sellers regarding offers and counter-offers. Your offer may be very close or far off, so now is the time to fine tune your offer to meet the needs of the seller. Similarly, learning how to handle counter-offers and the needs of the seller are also crucial to your success.
Opening and Closing Escrow. During your sixth month, we will explore escrow, title insurance, inspections, and all of the other crucial steps to a successful closing. You will need to learn how to work closely with your escrow officer. You have 30 days (or less) to complete all of the inspections, obtain acceptable financing, and sign all of the escrow documents.
Wholesaling. During your seventh month, we will learn how to wholesale properties. In other words, once you have the property under contract and in escrow, you may prefer to simply “assign” your contract rather than buying the property yourself. How do you structure the transaction, how to you get the seller to agree, and most importantly how to find your new buyer (“assignee”) will all be explored during the seventh month.
Advanced Deal Structuring. During your eighth month, we will delve deeper into structuring deals. At this stage, positive equity versus negative equity becomes important, as well as seller- financing, lease options, and subject-to structuring. Joint ventures, limited partnerships, and limited liability companies will also be taught.
Buying Foreclosures, Probates, and Bankruptcy Properties. During your ninth month, we will learn how to find, finance, and buy foreclosure, probate, and bankruptcy properties. These strategies are more complex, involve more moving parts, and sometimes require the approval of courts and/or trustees.
Buy and Hold Strategies. Generally during an up-trending market you want to fix and flip, while during a down-trending market you want to buy and hold. So during the tenth month, we will evaluate buy and hold strategies that you can utilize to purchase properties. You will learn how to analyze cash flow and select those properties that are easiest to manage and increase value.
Fix and Flip Strategies. As noted above, during an up-trending market, you can fix and flip houses with great success. So during your eleventh month, we will explore how to find, finance, fix and flip houses. At this stage, learning how to hire contractors, renovate a house to maximize market value, and calculate after-repaired value become crucial to your success.
Buying Multi-Residential and Commercial Properties. By our final month together, you should be regularly buying and selling properties. So we will broaden your horizons by exploring investing in multi-residential and commercial properties. These properties offer higher appreciation but require more capital expenditures, and management skills.
As stated above, this is a “tentative” schedule for mentoring. However, this schedule can be re-arranged and “customized” based upon your priorities and preferences.