Real Estate Foreclosure Investing Is The Place To Be in 2009 and Beyond
I've tried all types of real estate training and classes. I've bought property no money down with subject to deals and lease options. I've invested in commercial property, and bought 12 acres of raw land on an option. I own office space and apartment buildings, and my partners and I have raised over $6 million in private capital in the last few years. (We've documented all this on our real estate investing education website, by the way.)
However, I have never seen any coach or trainer get the results that my friend Phil is getting teaching real estate foreclosure investing - focusing on short sales - to his group of private coaching students.
Now is the time for real estate investors to focus on foreclosures done right!
Real Estate Foreclosure Investing is incredibly timely because now, with the housing market soft, interest rates low and 20% of home owners upside down in their houses, there's almost no way for many people who HAVE to sell to get out of their property without writing a big check. With so many Americans living paycheck to paycheck, home owners CAN'T write a big check to their mortgage company to pay off the balance of the loan. They can't even pay a real estate agent a 6% commission for getting the property sold at market price. That's when these home owners turn to foreclosure investors to help them out.
And, unfortunately, there are a lot of real estate investors out there who are SHARKS - bad people with unethical practices who will say anything to get the deal done, even if it's going to hurt the homeowner who's helping them make all their money.
That's why it's important, when you get involved in real estate foreclosure investing, that you bring your good ethics with you, along with your common sense and profit motive. There is a lot of money to be made helping people in a vulnerable situation. Do the rest of us ethical investors a favor and help fight the bad reputation real estate foreclosure investors have by being one of the good guys!
This win-win philosophy is something that Phil really pushes with his students in his real estate training programs. He's worked with enough people who have made $20,000; $30,000; $50,000 or more on each deal, that he knows you can make great money and still look at yourself in the mirror each morning.
If you have been thinking about getting involved with real estate foreclosure investing and you want to help people who are behind on their house payments by negotiating short sales with the bank, then I encourage you to check out Phil's Short Sale Step-By-Step Program. He's got the manuals and audio programs for you to listen to like everybody else does. But what makes him different is three things:
- Weekly Coaching Program: Join Phil on his coaching calls each week. You can listen to him coach other students (learn from their experiences) and ask him all your own questions. He will tell you what to say next, step-by-step to the seller, the lender, or the buyer. He wants you to be able to do what it takes to get the deal - so he'll tell you in painstaking detail. Don't let confusion or lack of experience slow your progress. Stand on the shoulders of giants and learn from someone who's participated in 100's of short sales and knows how the program works!
- Lender Database: Did you ever work on a short sale and wonder "Will the lender take my offer?" Now you can take the guess work out of your bank negotiations. Phil has a database of lenders accross the country that includes their short-sale criteria. Know before you call just exactly what the lender will take for the foreclosure house you're working on.
- Epartner Deal Management System: This program will help you track your lead sources, keep all your documents in one place, help you coordinate follow up with your sellers, lenders and buyers, and tell you what to do next every step of the way. Instead of hiring a personal assistant to manage your files, you can access this online software from any computer with an internet connection.
Investing in real estate foreclosures can be a very profitable business. However, there is a lot of competition, and when you're working with the banks, you have to give them confidence that you know what you're doing and that you're going to follow through on your committments to pay them for the property. The details of finding a buyer and re-selling the property right away (so you don't have to come up with your own cash, or get a loan) are also pretty important to nail, too. That's why I encourage you to learn from the best.
Click here to watch a free video training from Phil on Real Estate Foreclosure Investing and Short Sales.