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Local Leaders Unite with Out-of-State REI Experts for Our Spring Coastal Conferences & Expos
Realty411 Hosts Two Important Southern California REI Events for Investors
In celebration of our new Realty411 and REI Wealth publications, these complimentary conferences will feature breakfast*, raffles and fantastic new education.
Spring is here and Realty411 wants to make sure your portfolio is blossoming as well. To help guide you through the confusing world of investing, the original and California-based realty investor magazine is hosting two all-new events.
While almost all realty conferences and expos charge for admission, sometimes up to hundreds of dollars, Realty411 is giving away 50 FREE TICKETS to the most SERIOUS and MOTIVATED investors in our network.
It is our sincere mission to motivate and educate, and nobody has the incredible line-up of educators we have! Our speakers have been carefully chosen to discuss the most timely topics and profitable niches in the industry today.
First, on Saturday, April 14th, investors will unite in MARINA DEL REY, at the Hilton Garden Inn, located on Admiralty Way.
Next, on Sunday, April 15th, wealth-builders will unite on the bay in NEWPORT BEACH at the exquisite Balboa Bay Resort.
NEW LEADERS JUST ADDED TO OUR LINEUP:
Learn with Justin Ford – Difference Maker, Champion, Entrepreneur, Leader, Visionary
DIVERSIFY YOUR PORTFOLIO NOW – From struggle to success, Justin Ford truly lives the saying “It’s not how to start but how you finish.” At the age of 19, with his life in disrepair, Justin made the critical decision to turn it all around. Now at the age of 34, Justin has become a successful Entrepreneur, Business Owner, Real Estate Broker, Investor, Motivational Speaker, TV talk show host, Author, and Mentor.
He has earned numerous achievement awards, and demonstrates daily that talent, drive and ambition really do lead to success. Justin also excels as an inspirational youth and marketplace speaker. People can feel his powerful presence when he walks into the room. He wants to make a difference, and he takes that responsibility extremely seriously. Justin’s passion and desire to see people rise to success leaves a lasting impact as he challenges all to become the champion they were created to be.
Justin lives in Metro Detroit with his wife and four children. The love and support of his family helps fuel his passion for success in all avenues that he pursues.
Justin will introduce our guests to an amazing financial strategy: FOREX. Trading foreign currencies is a trillion-dollar a day industry and individuals, as well as institutions and corporations are capitalizing on movement of currency. All trading can be done on your phone, 24 hours per day. Justin and his team are actively trading on FOREX with a company that has opened up the knowledge and access to trading to average, regular people without a traditional financial background.
PLUS, Learn how to Implement a NEW Strategy into Your Portfolio and LIFE for FINANCIAL FREEDOM and to also diversify your holdings and knowledge. We never stop learning and growing and neither should you.
PLUS, FROM ORLANDO, FLORIDA – Learn How to Profit from Investing in an All-Suite Resort and Spa Near Walt Disney World
Nicholaus Rohrbach began his real estate career in 2003 at the age of 19 when he purchased his first Single Family Residence (SFR). Nick graduated from the Pennsylvania State University in 2005 and acquired an existing Mortgage Company in Orlando, FL of which he managed until 2009. In 2009 Nick decided to pursue a different venture and focused solely on acquiring SFR’s at low costs. After building an extensive long term Real Estate portfolio, Nick began his career with BTI Partners, Inc. – voted South Florida’s ‘Best Builders’ by the Miami Herald and ‘Builders of the Year’ in 2015 and 2016 by the Builder Association of South Florida (BASF).
Nick is currently with The Grove Resort & Spa, located in Orlando, FL. The property is Orlando’s newest residential style all-suite hotel, 3.8 miles from Walt Disney World. An 878 Unit development launching Phase 1 of 184 units, which location provides a global attraction from all markets.
GET THE DEALS YOU NEED, BE THE FIRST TO KNOW.
GET YOUR FREE HOUSE LIST with David Cooper a Las Vegas Foreclosure and REO Expert with Cooper House Deals and MORE!
Some highlights for both events, include:
- LEARN TO LEVERAGE to maximize profits and minimize risks. Knowing how to navigate the boundaries of credit, cash, and connections is KEY TO getting PAID. At our Coastal Conferences investors will have the opportunity to listen to local and out-of-state finance companies who are ready to INVEST THEIR CASH to help you expand your rehab business, rental portfolio, or your expanding brokerage – both real estate and business finance opportunities are here! Meet Pivotal Capital Inc., Capital Business Experts, and Patch of Land!
- A KEYNOTE Presentation by JIMMY REED, one of the most prolific and popular investors in Fort Worth, Texas, and founder of the well-known 1REclub investment club. Jimmy will share classic real estate information to take your portfolio to new levels. Jimmy’s WHOLESALE tips can be applied anywhere in the country and will help you get an “insider advantage” in your deal making.
- TIME FOR TAXES so get ready to take every MAXIMUM legal deduction possible. We have the most sought-after TAX REI EXPERT in the nation, PATRICK JAMES! What makes this SO SPECIAL is that Patrick hardly ever speaks at expos anymore, yet he is making an exception for Realty411. We want to make sure you receive the most beneficial and accurate tax information possible. Remember: It’s not how much you make, but how much you keep!
- Protect your ASSets by learning information from not one but TWO of the most knowledgeable firms in the country: LEGALLY MINE and FORTUNE DNA. Each organization has their own perspective and will each share unique guidance. Folks, we live in California, the most litigious state America — We all NEED to learn as much about this topic as possible. Do not miss this conference: A few simple steps taken today can protect your family from a legal loss tomorrow!
- BOOK SMART, BUT BROKE!? It’s discouraging to toil up to eight years at a university and spend so much money on a formal degree, only to live paycheck to paycheck when graduate… JASON KENNEDY can sure relate to that scenario! Jason was supposed to have everything going for him Armed with a Master’s Degree in Education, Jason was well equipped for a career in academia and assumed that he would be sailing smoothly through life… WRONG! He soon realized his basic bills were BARELY getting covered. Jason took MASSIVE ACTION and made the transition from being employed and tied down to living the life of a full-time real estate investor – with TIME FREEDOM! Discover how he did it and how YOU CAN TOO.
- Not ready for the responsibility that comes with being a landlord? Tired of being a “Weekend Warrior”, juggling rehab projects and a full-time career? Scared of lending your money out for deals you wouldn’t dare touch? Then it’s time to open your mind and portfolio to LAND BANKING IN CALIFORNIA. The Golden State is truly a GOLD MINE, if you know what and where to buy. CHRISTOPHER MEZA, from Real Titan Acquisitions, Inc., is a Los Angeles native with over 15 years of investment experience. With a degree in Computer Science and Electrical Engineering, Chris has worked for Fortune 100 companies like IBM and The Boeing Company. Due to his investment skill, he has now retired and spends his time teaching.
- GARY MASSARI, Best-Selling AMAZON AUTHOR in four different categories, PLUS he is the founder of Make Money Now Real Estate Investors and 30-Minute Millionaire Marketing with over 300 publications!! Gary is a Top Real Estate Investor and Trainer who ran a successful mortgage, peak-performance school and trained over 3000 REALTORS® and loan officers to be income top income performers. He was also the managing partner of the largest mortgage brokerage company in Northern California. Gary is noted for his very popular radio show in the San Francisco Bay area where he taught financial literacy to over 25,000 weekly listeners. Gary is passionate about helping people retire wealthy in rental properties, mortgage free in 5 years! The banks do not want you to learn of his strategies!
- Why Buy the House when You Can Buy the PAPER and reap even better benefits and MORE MONEY?! Our local expert Jasmine Willois, managing director of the Note Assistance Program, will teach you about the fascinating and profitable world of MORTGAGE NOTES. Jasmine is one of the top educators on this topic in the nation and one of the few women impacting the REI industry. Jasmine is a champion for inclusion in real estate investing, and she empowers others by sharing her knowledge of paper assets.
- Joining us for the Dallas-area of Texas, learn directly about TAX LIENS with the undisputed master of the Lone Star State: ARNIE ABRAMSON, founder, Texas Tax Sales Resource Group. In this jam-packed presentation, Arnie will reveal for the first time to Realty411 expo guests The Unknowns of Texas Tax Deed Sales. If you have heard of the profitable Tax Lien niche and want to learn more, visit with Arnie at our Newport Beach Conference on Sunday, April 15th.
YOU DO NOT WANT TO MISS THESE TWO EXCITING AND EDUCATIONAL DAYS! ATTEND ONE OR BOTH IF YOU CAN.
Once again, join us on Saturday, April 14th in MARINA DEL REY at the Hilton Garden Inn, located on Admiralty Way. (RSVP HERE)
Or, on Sunday, April 15th in NEWPORT BEACH at the Balboa Bay Resort. (RSVP HERE) – Discounted parking is available for only $20.
*PLEASE NOTE BREAKFAST IS FOR VIP TICKET HOLDERS OR FOR EARLY-BIRD GUESTS. BREAKFAST TO BE SERVED AT OUR MARINA DEL REY EVENT LOCATION ONLY.
Stone-Cold, Hard Real Estate Lessons
A Disaster of a Deal to Avoid
by Bruce Kellogg
One of the best ways to learn how to profit as a real estate investor is to learn from the mistakes of others. There isn’t a more affordable way to learn this business. We hope the following insight will help readers benefit from their future transactions.
Introduction
This is the story of the property in Fig. 1, which is a 3,800 square foot Victorian house that was built in 1898 ( i.e., age 120). Some years ago, it was converted into five studios and three 1-bedroom apartment units. The purpose of this story is to illustrate many lessons that can be learned about rehab, “flipping”, and syndication.
History
The property was owned by a woman who lived outside the country, an “absentee owner”. She “milked” the property for the cash flow, allowing maintenance to be deferred, and keeping rents low to sustain a steady occupancy. The management company performed to her low standards.
Along Comes “Frank” (pseudonym)
Frank was a newly-minted “real estate entrepreneur”, who had recently completed training in “Apartment Rehab and Re-positioning” by a national trainer. Being a bright fellow and a smooth talker, Frank decided to form a syndication to raise the money needed. He didn’t have any money of his own. (Actually, he was living with relatives!)
The Syndication
According to title records, Frank raised nearly $600,000 from six partners in a Limited-Liability Company (LLC) structure. He gave each partner a security interest in a deed-of-trust that was secondary to a private first loan of $465,000 from a group of dentists who owned “Novocaine LLC”. Frank didn’t care if his partners were “accredited” or not, as long as he got the money for the project.
The Purchase
An LLC, Frank’s investment vehicle, paid $775,000 for the property. (He thought he “stole” it since the per-unit cost was quite low in this particular market. Actually, counting the deferred-maintenance, Frank had overpaid!) With the loan from the dentists, Frank’s partners put in $310,000 plus closing costs. They had a little under $300,000 left for rehab and holding costs.
The “Rehab”
At first glance, the rehab was fairly thorough. New composition roof, laminate and vinyl floors, tile kitchens and showers, new kitchen cabinets and vanities, new vinyl windows, new stoves and refrigerators, new interior and exterior paint. Frank said he spent $200,000 on seven units. For some reason, one unit was not done. (Did Frank run out of money, and the partners said, “NO MORE”?)
On second glance, not so great. Three years on, the cheap/thin laminate floors are peeling. Frank replaced three gorgeous stained-glass windows with cheap imports. (Fig. 2 is one that survived.) The stoves and refrigerators are “discounted/blemished” with some of the blemishes obvious. (The national trainer probably taught Frank this “money-saver”.) The exterior was pressure washed before spraying on the cheap paint, but not scraped or caulked at openings, so it’s looking ragged now.
Selling the “Flip”
All of the tenants were either helped to vacate or offered a rehabilitated unit at about 40% more rent. (That’s how apartment “turnarounds” are done!) Frank listed the apartments for sale for $1.5 million. There were a few showings, but only after the price was reduced below $1.4 million did it go under contract. Even then, two parties backed out based on discouraging inspection reports.
Frank hired a new broker who worked “high-end” homes rather than apartments, and Frank did not have the new broker give the prior inspection reports to the buyers (which is legally required). For some reason the final buyers were not made aware of:
- low water pressure (old, clogged pipes)
- inadequate electric service
- crumbling masonry foundation (not concrete)
- termites, wood-eating beetles
- dry rot and fungus damage at kitchens and baths
- faulty exterior drainage system (basement floods in the rain). But the broker made a commission of over $50,000 on the $1.3+ million sale!
The Current Situation
The present owners are still using the same property manager as the overseas woman, the manager with the low standards. Recently, the owners decided to replace the masonry foundation with a concrete perimeter foundation. They hired a state-licensed contractor, who started work. However, probably to save time and money, neither the manager nor the licensed contractor obtained a permit for the new foundation. Someone, a neighbor probably, complained to Code Enforcement, who issued a “Stop Work Notice”. Fig. 3 shows the boarded-up foundation going into its fourth month.
Additionally, Code Enforcement has “red tagged” the unit that had not been rehabbed. It cannot be rented. Management has removed the range and refrigerator, indicating the unit has been abandoned for the time being.
Conclusions
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Frank lost money.
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Frank’s partners lost money
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Frank has left town
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The present owners are going to lose lots of money
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The contractor’s license is in jeopardy for not getting a permit
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The owners will likely sue the manager, the contractor, and their broker
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The broker and the property manager could face disciplinary action by the Bureau of Real Estate
List of Lessons – Learn From this Deal
- Don’t try to flip a 120 year-old Victorian (unless that’s your specialty)!
- Hire only top-quality property managers (and pay them well).
- Invest only with experienced syndicators with a proven “track record” and plenty of “means” behind them.
- Borrow only from “accredited” investors, or those who know you.
- When buying at a discount, make sure it’s a genuine discount. Corollary: Don’t fall in love with the “opportunity”.
- Rehab with quality materials and workmanship.
- When buying or selling, use brokers or agents with the appropriate specialty.
- Invest in all appropriate inspection reports when buying.
- Obtain permits for all construction work/repairs where permits are required.
About the author: Bruce Kellogg has been a REALTOR® and investor for 35 years. He has transacted about 500 properties for clients, and about 300 properties for himself in 12 California counties
Learn About Realty411’s ROCKSTAR EXPO on July 14th and 15th in Los Angeles, CA
BE SURE TO CONNECT WITH US ON LINKEDIN & OTHER SOCIAL MEDIA NETWORKS:
Maximum Networking and Learning in Ohio Next Saturday – LEARN MORE!
Realty411 in Ohio – Learn with PROVEN Leaders in the Industry, Both Local and Out-of-State Professionals!
Since 2007, Realty411’s mission has been to provide the resources, information, insider trips and strategies that investors need to significantly expand their portfolios.
Realty411 Advantages:
> Learn the latest technology to help grow your business
> Meet other investors with common goals and processes
> Develop relationships with leaders in the industry
> Share new opportunities with potential clients
> Learn how to help & mentor new investors
Come Meet Local and Out-of-Town Companies, such as:
- HomeReplay, LLC
- Sibcy Cline Realtors
- Wire Works
- Earth Services
- A to Z Appliances Services
- Terminix Commercial
Where & When:
Hampton Inn & Suites by Hilton
2000 Ronald Reagan Drive,
Cincinnati, Ohio, 45326
>> RSVP: http://realty411expo.com/RSVP
YOU MAY ALSO RSVP HERE:
https://www.eventbrite.com/e/realty411s-creative-real-estate-investor-conference-in-ohio-tickets-44207962205
Be sure to also visit our other websites:
http://REALTY411.com
http://REIWealthmag.com
and http:realestateinvestormagazines.com
DOWNLOAD MORE INFO:
//RealEstateInvestorMagazines.com
Network in Newport Beach with Realty411 and Fantastic Educators – RSVP NOW!
Celebrate Realty411’s Brand NEW Issue Featuring HomeVestors
Are you ready to Grow Your Real Estate Business, Portfolio and Network?
We want this VIP CONFERENCE to EXPAND YOUR MIND and help you achieve success. Have you started to accomplish some goals for 2018? We want to make sure you do!
Learn from TOP Leaders in the Industry! We are hosting Local & National Experts
* Mingle with OUR MOST VIP Vendors * Meet Local Leaders & Out of Area Investors
* NON-Stop Tips for Real Estate Success ~ Bring Lots of Cards.
* Mingle with Local Leaders & Industry Professionals from Around the Nation!
* Hosted by Realty411 – Magazine Publisher, Expo and REI Marketing Company
Realty411 magazine was first published in 2007 and is now the longest-running publication owned by the same owner – A veteran journalist, agent & active investor. We have reached thousands of readers & online followers in person and hope to meet you too.
Our mission is simple: We strive to provide information about real estate to expand knowledge about the benefits of investing to as many people as possible. We also believe in multiple streams of income and encourage other to owning your own business for total financial freedom.
Our Expo Reflects Our Goals and Mission – Join Us to Expand & Grow
Please bring LOTS OF BUSINESS CARDS, it’s time to Network.
LEARN ALL ABOUT PRIVATE FINANCE SO YOU CAN GET YOUR DEALS DONE!!!
We give your the resources you need to CLOSE MORE TRANSACTIONS!
PRODUCED BY THE LONGEST-RUNNING REAL ESTATE INVESTOR’S MAGAZINE IN THE NATION, OWNED BY THE SAME PUBLISHER. SINCE 2007, REALTY411 HAS PUBLISHED THE MOST POPULAR RESOURCES FOR REAL ESTATE INVESTORS.
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HERE IS OUR INCREDIBLE AND UNIQUE LINE-UP
Pivotal Capital Group – Your Local Finance Expert
Learn directly why Private Capital is so crucial for your creative real estate deals.
Our local finance expert, Pivotal Capital Group, is deeply rooted in real estate lending with our success built on the extensive experience of its two principals – Brad Rust and Joe Gigliello. Together they have been financing real estate for over 50 years and are passionate about helping real estate investors succeed.
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Jimmy V. Reed – Master Investor and REI Club Director (1REclub) from Fort Worth, Texas
Jimmy Reed has an extensive background in the field of Real Estate Investing having bought, sold and managed over 300 units all by the age of thirty. Jimmy began his investment career in the late 1980’s while still working full time. As he developed a solid understanding of real estate investing, Jimmy went on to specialize in the areas of Wholesaling, Probate, Owner Financing, Notes, and Cash Flow Rentals along with other investment strategies including International Investing.
After several years of success in Real Estate Investing as well as teaching workshops and mentoring other investors in the Dallas/Fort Worth area, a Real Estate Investor with one of the country’s top training organizations approached Jimmy to help create their training programs for their students.He was instrumental in creating their Mentoring & Wholesale programs and later their Probate program. These “trainings” put Jimmy in some of the hottest markets in the country from Hawaii to New York,and even outside the USA such as Cozumel, Panama and even Costa Rica.
Today, Jimmy brings you No Fear Real Estate. In this book, he discusses how to remove the fear from lack of knowledge that is holding most investors back, and discusses how to:
●Wholesale real estate via Assignments & Double Closings
● Finding great deals via Probate
● Buy, Rent, and Hold for long term wealth
● Sell properties with Owner Financing
● Create Notes, and how to hold those notes or sell them
●Use other people’s money instead of your own
● Become wealthy by using IRA’s to do all your buying & selling and then receiving the profits back tax free or tax deferred
All of these strategies and more will provide you with the tools you need to start building your real estate portfolio and take you to a new level of achievement!
Currently, Jimmy is the founder of Real Estate Equity Development, Inc.and other companies which specialize in the buying & selling of real estate, and providing reality based information& trainings for others who want to learn about the exciting opportunities in real estate, and how to create residual income through rental properties. Along with creating the “Fast Track to Wholesaling” Training Camp he is also co-author of “The Hidden Treasures and Profits of Probate” Training. And he is thefounder of www.1REclub.com, the Premier Real Estate Club located in the DFW Area in the heart Fort Worth, TX.
Along with all of the above Jimmy and his wife, along with their two children have been involved in many areas of their church such as Financial Trainers, Bible Group leaders and even Youth leaders. These opportunities have truly changed their lives and have moved Jimmy to where he is now with his latest goal “Debt Free & Stewardship training”. This training is designed more on the basis of generating extra income to reduce debt using real estate or any business to accomplish it.
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JASMINE R. WILLOIS – MANAGING DIRECTOR OF THE NAP (NOTE ASSISTANCE PROGRAM)
Jasmine R. Willois has owned rentals and FLIPPED out-of-state properties since 2005. She is the investor relations manager for American Home Recovery Fund, the founder of The Note Assistance Program ©, Lady Landlords of San Diego, Lien Lords of Orange County© and an active Realtor in the state of CA. Her companies provide additional security and education on real estate investing, specifically with non-performing notes and retail FLIPS.
Jasmine has been a licensed real estate agent in California since 2004 and continues to do traditional sales and short sales for a small group of clients. With a reputation for the judicious use of resources and result oriented management style her experience with short sales has opened many doors. Combining executive leadership skills, rare team-building strengths and a strong foothold for financial services, Jasmine offers a unique blend of experience. She received her B.A in Economics from California State University at Long Beach, and enthusiastically accepted her first job as an equity trader with Joseph Stevens, in New York, NY.
She emotionally ended her 7-year long career on Wall Street as financial advisor with Morgan Stanley Dean Witter after losing colleagues to the world trade center attacks. An advocate for responsible investing she spends her time educating her audience on conservative real estate cash flow strategies and the abundance of opportunities that lay out side of their backyards.
She offers free education for novice note investors at her Note Lunch & Learn hosted every Thursday from12 noon to 1pm at her Orange County office. Jasmine serves on the board of 2 non profits, Hope Ranch and the National Association of Black Professional Golfers; and proudly sponsors The All Star Golf Tour, Team Joyce and Bec Rawlings UFC fighter. Jasmine enjoys traveling in her spare time traveling and exposing her young ones to the many different cultures our county has on display. She has two cats, 2 dogs, 2 turtles, 16 horses 9 chickens and two children.
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LEARN FROM ZACHARY FUCHS, TRAINER FOR KAIZEN FOR LIFE!
Zachary Fuchs is a National speaker and Trainer for Kaizen for Life, Financial Literacy and Personal/Professional Coach.
Zachary will teach you to take every aspect of your Personal and Professional life to a whole new level and live “The Life You’ve Always Wanted”!)
THIS IS A UNIQUE OPPORTUNITY TO LEARN FROM TOP INVESTORS AND REAL ESTATE PROFESSIONAL WHO HAVE ALREADY ACHIEVED MULTI-MILLIONAIRE STATUS!!!
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Overcoming The Unknowns of Texas Tax Deed Sales with Arnie Abramson, founder, Texas Tax Sales Resource Group
Texas has a thriving economy, population growth and an incredible rental market. It also has a tax sale structure that is very, very investor friendly, which makes it very attractive to tax lien and tax deed investors alike. But sometimes people don’t profit as much as they could (or may even lose money) because they don’t understand all the nuances of investing in Texas tax deeds.
For example:
Texas is a tax deed state and when you buy a property at the auction it is a judicially caused foreclosure and you get a deed to the property. You buy the property – not the tax lien.
The auction bidding starts with the amount owed for taxes plus administrative charges, and the price of the property is bid up from there. The winning bidder gets the property but the former owner has the right to buy it back, or redeem it. The redemption period is either 6 months or 2 years, depending on whether or not the property is a homestead, mineral lease or has an agricultural exemption. But, regardless of the duration of the redemption period,it is unlikely that a title policy can be obtained prior to 2 years.
If the previous owner or lien holder does redeem the property, they must pay the investor their costs plus 25% if they redeem in the first year, and 50% if in the second year. This is a penalty, not an annualized interest rate and it is not prorated, meaning that if they redeem it the month after you buy it you get the entire 25% profit.
Therefore, it is best to buy the properties and rent them out at least until the 2 year period is over. While this is what we do for our clients, and their returns are almost always in double digits, there is one BIG CATCH!
Until you buy the property and are the owner, you are not allowed to disturb the occupants of the house and it is deemed trespassing if you do (Remember, this is Texas-you do not want to trespass). What this is means is, THERE ARE SEVERAL UNKNOWNS ABOUT THE PROPERTY UPON WHICH YOU MAY WANT TO BID!
IS IT OCCUPIED OR VACANT? It is very easy to be fooled when the neighbors park a car in the driveway, cut the lawn, and maintain the outside appearance. I started buying tax sale properties in Texas in 1992 and I have been fooled by neighbors that do not want to “advertise” a vacant house on their block.
WHAT IS THE CONDITION OF THE INSIDE OF THE HOUSE? This may be the most important unknown of all. From the outside, you may not know whether it needs $1,000 worth of work or $30,000, or even more. Remember, you are advised not to knock on the door and ask to see the inside of the house.
WHAT WILL IT RENT FOR? MLS, Zillow, etc. are not always accurate. Remember, you do not know when it was last refreshed, rehabbed or even if everything works. Many investors do not list their houses for rent on MLS so they are not always so accurate either.
WHAT WILL BE YOUR TOTAL OUT OF POCKET COST? How would you know if you do not know how much rehab is necessary?
WHAT WILL BE YOUR CASH FLOW AND ROI? Let’s see, if you do not know how much it will cost you nor what the rent will be, it might be pretty tough to know how much cash flow you will have and what your return will be.
Let me summarize with a question.
WHEN WAS THE LAST TIME YOU BOUGHT A HOUSE WITHOUT YOU OR ANYONE YOU KNOW SEEING THE INSIDE?
The correct answer usually is NEVER!
So, we now know some of the unknowns that can burn you, how are they overcome?
SIMPLE. GET SOMEONE ELSE TO BUY THEM FIRST SO YOU CAN TURN THOSE UNKNOWNS INTO KNOWNS!
THAT’S EXACTLY WHAT WE DO FOR YOU !
In fact, that is so simple we call it the TEXAS 2-STEP FOR TAX SALES !
STEP 1. WE BUY THE PROPERTY
STEP 2. WE OFFER IT TO OUR INVESTORS AFTER IT HAS BEEN INSPECTED, REHABBED AND RENTED.
Guess what? You then know that it is occupied, rented, what your total out of pocket cost will be and what your cash flow and return is.
It is completely TURN-KEY! We do all the work for our ”priority members”.
Other programs offered or to be offered starting in January are:
All day workshop teaching about and how to purchase tax dees in Texas.
Learn and Earn program that pays you while you learn.
List of services to do what investors want to outsource.
Before becoming a Texas real estate investor in 1991, Arnie Abramson had successful careers as a financial planner and Vice-President of Marketing for a national real estate management company that marketed public Real Estate Limited Partnerships. He began buying houses at Sheriff Sales in 1992 and has been an investor, landlord, mentor, educator, speaker and property manager for over twenty years.
Arnie is a national speaker on Texas tax deed sales and is the Texas provider for tax deed purchases for several of the national tax lien gurus seen on the Internet. He is past president of the Texas Real Estate Investors Association (TxREIA), on the Advisory Board of several REIAs and was a co-founder of the REI EXPO.
His company, Texas Tax Sales Resource Group LLC, HAS THEONLY COMPLETELY TURN-KEY PROGRAM THAT COVERS THE ENTIRE STATE OF TEXAS. This includes the research, due diligence, previewing, bidding, inspecting, rehabbing, renting and management of the properties purchased at the Texas tax sales.
Arnie was a speaker at the recent Lone Star Real Estate Expo in Texas and will be participating in future Realty 411 Expos in the near future.
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Jason Kennedy, M.A. – Going From Broke with a Master’s Degree to Making Money in Real Estate!
After achieving a Master’s Degree in Counseling Psychology, Jason (“Jay K” to his friends) got laid off from his job. This made him realize that he needed to take control of his financial destiny, and he invested in a Real Estate Training Seminar to learn how to become a successful Real Estate Investor. That was 13 years ago, and he has never looked back. He not only invests full time, but has served as a trainer, mentor, and coach for aspiring real estate investors for over 10 years. He also added his license as a Realtor in California so he could provide more opportunities to help and mentor his clients to achieve success through Real Estate.
Jay K is also the founder and creator of the cutting edge training system, “3 Days to Real Estate Riches! Get a Deal in 3 Days!” This is the system that Jay K, as well as his students use to open up any market, build their real estate business in that market, and have deals in the pipeline in just 3 days! Whether you’re a new investor looking to get started, or a seasoned vet looking to open up multiple markets, this system is for you!
Jay K is looking forward to training at a city near you!
His specialties include wholesaling, fix and flips, buy and holds, and multifamily investing.
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Armando Montelongo, Star of “Flipping Nightmares” and former star of A&E’s “Flip This House”
Armando is the ORIGINAL real estate reality star, and is consistently ranked as one of the most successful Hispanics in business. He is visiting us San Antonio, Texas!
Don’t miss the very rare opportunity to learn directly from the founder of a company who has invested over one billion dollars. Armando has been doing this business longer than most people in the industry. Thi is his passion and it shows.
Starting off with no credit, experience, or knowledge, Armando is now known as one of the top real estate investors in the country. How did he go from living in his family-in-law’s garage to owning a multi-million dollar company?
FLIPPING HOUSES
After deciding to leave California to move back to his hometown in Texas, Armando made his very first deal. His first wholesale introduced him to a whole new world – and it was only the beginning.
As Armando continued buying, rehabbing, and selling more and more properties, he kept in mind what worked and what didn’t work. The more houses he flipped, the more he noticed a pattern. He wrote the pattern out and realized that he had come up with an excellent formula to successfully flip houses. The best part was that he didn’t even have to use his own money!
SHARING THE KNOWLEDGE
In his first 3 years of investing, Armando was able to bring in a net profit of $3 million. As his expertise was increasingly being sought after, Armando has created a multi-million dollar real estate education program that has helped aspirant house flippers. For instance, Armando’s Flip and Grow Rich System teaches you how to find, fund, fix, and flip properties in the most efficient ways.
Residential real estate and in particular, flipping houses, is the most popular way to get started for anyone looking to get into the property game. Armando got his start in real estate by flipping houses and creating his system to gain the highest profit possible. Even though he has branched into other business ventures, Armando is still very active in residential and commercial real estate.
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LEARN ABOUT SELF-DIRECTING YOUR IRA: No One Cares More About Your Retirement Than ‘U’!
At uDirect IRA Services, the investments in your retirement account can be self-directed by “U”. Most IRAs are typically invested in stocks, bonds and mutual funds. With a self-directed IRA from “uDirect”, as the name implies, you make the investment choices. The types of investments are almost limitless. With the self- directed IRA account, “uDirect” acts simply as an independent administrator handling the investment transactions which you dictate.
With the help of “uDirect” you can invest your retirement dollars in non-traditional investments including: Real estate, private placements, trust deeds, oil-gas-energy and thinly traded or limited offering investments.
“Self-Directed” means you make all the buy and sell decisions. We only engage in investments, transactions and sell orders which you or your investment advisor dictate to us. For a large number of people the self directed approach makes the most sense because you aren’t locked into the narrow choices and self serving interests of a mutual fund, bank, brokerage or life insurance company custodian. Take the reins and direct your own retirement future today!
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LEARN ABOUT THE ORIGINAL REAL ESTATE INVESTOR MAGAZINE – CALIFORNIA-OWNED AND BASED AND PUBLISHED BY A LADY INVESTOR!
REALTY411 (http://realty411Magazine.com) is celebrating its brand new publication, as well as an anniversary of three years in producing their digital issue, REI WEALTH (http://reiwealthmag.com), a monthly interactive publication. As one of the most prolific publishers in the real estate investment industry, REALTY411 has dozens of events on schedule for 2017, as part of their national tour to celebrate a decade in business.
To reserve your complimentary ticket to this wonderful event to celebrate REALTY411, please call: 805.693.1497 – Sponsorship & speaking opportunities are available, let us exponentially grow your business!
Realty411 Magazine (http://realty411magazine.com) is a free print and online resource guide developed to assist investors in the acquisition, management and growth of their real estate portfolios. Realty411 is an advocate for education, and some of the greatest Masters of Creative Real Estate have been featured in the publication.
Realty411 also publishes a monthly digital publication, REI WEALTH. (http://www.reiWealthmag.com)
