Product Description
Includes the following 2 audio CDs with members only website access.

In “Finding Motivated Sellers to Find the Best Real Estate Deals” topics covered: What is a motivated seller, Why are motivated sellers important for professional real estate investors? (all about finding deals), Why are motivated sellers so motivated? (all about how people becme motivated and clues on where to look), How to find motivated sellers?, Cheap Ways vs Easy Ways, My favorite cheap ways, My favorite easy ways:, How do you turn motivated sellers into property purchases?, finding their selling motivators, the interview, being on the right side of the desk, offering a solution to their problem, you have to identify their problem, Lead flow – 800 info lines, property information sheet, Maximizing followup for long term potential and superior profits. Approximately 63 minutes.

In “How to Make a Living and Build a Fortune in Real Estate Investing” included topics: Cash Flow versus Equity, Short Term versus Long Term, Creative ways to improve your cash flow when: Renting property, Negotiating to buy, Negotiating to sell, Carrying back financing, Finding deals and motivated sellers, Selling faster and smarter, Refinancing to lower interest rates, Doing repairs or maintaining property, Calculating when a value will double: the rule of 72, Number of houses to become a millionaire in X years, Paying off mortgages early as rents go up, Which loans to pay off first? Interest rate or lowest balance?, Over time which income and expenses go up, which stay the same?, Buying twice as many houses as you need so you can sell half to pay off the remaining half, Taxes and real estate. Approximately 64 minutes.
Fortune Building and Finding Motivated Sellers

I live in California, where the prices of homes five years ago was way above the assessed value and people routinely had buyers with fat checkbooks knocking down their door to get into homes. Unfortunately, I had just moved to Los Angeles, and I needed a place to live. Going with the conventional wisdom of buying is better than renting, I bought property.

I knew I couldn’t afford the place I ended up with. But, they gave me the mortgage so maybe they knew something I didn’t. My house was overpriced and my mortgage was way too pricey and not a good deal at that. I had little equity and no more coming anytime soon. Then, my wife and I had our second daughter and my wife left her job to stay home. We lost her full-time salary and were heading up-creek further without a paddle. We were literally sitting on collapsing furniture with home space heaters at our feet because we couldn’t afford to repair anything when it broke.

As everyone knew it would, the housing market took a dive and prices dropped along with the economy’s deflation. Our condo was worth much less than what we paid, although our mortgage was still the same amount. We couldn’t survive in our current situation and we couldn’t make money selling our house if anyone even agreed to buy it. So, after filing bankruptcy we attempted a short sale.

Now we are in a rental and much better off but we learned many valuable lessons. If I had it to do all over again, here is what I would do.

Income property is where I would put my money. I would have a tenant to pay the bills for me. The home would need some work when we bought it but not too much. Nor more than a coat of paint and a few cheap home decor accents wouldn’t take care of. The home would not be more expensive than I could afford and would even be quite a bit below my price range. Finally, the mortgage would be fixed and income earning.

I wouldn’t want to do this again and have to worry about covering mortgage monthly without the income to do it. I would own something with obvious value and not sell until it was a truly decent resale property regardless of the economy.