Follow this link to get your copy of my 7-day Real Estate Investor Mini-Course for FREE. The course includes 7 day’s of training, nearly 90 minutes of audio and over an hour of video training.

http://www.reiEducationProducts.com

Enjoy!

1. As soon as you close, secure the house, change the locks and cover all windows. Now, don’t COVER the windows with painting paper, that just increases the house as a target – use dark paper or black plastic bags
2. Get to know a couple of the kids in the neighborhood, they know it’s vacant, they know who the trouble makers are (maybe it’s even them). You can usually BRIBE them to keep your place safe for just a few dollars, a pizza, etc. Trouble makers protecting their new ‘territory’ are a great way to keep your place safer when your not there.
3. Don’t advertise by placing materials and equipment in the front yard. Keep a clean work area and “hide” your efforts as much as possible. MANAGE your delivery of windows only when you plan to install them, same goes for other materials.

If you’ve ever wanted to learn my simple 17 step approach to rehabbing houses, go grab my 90 minute Rehab Profits Audio Training, it’s under $20 right now!

Follow the link below to watch my complete 17 step system for rehabbing houses unfold before your eyes. See junkers transform to beautiful homes that you would be happy to call your own.

http://www.RehabWatch.com

Babe Ruth is known as the ‘Home Run King’. What most people don’t know, at least it’s not highlighted, is that he also had the most strike-outs of any other batter!

How is that relevant?

Look, as a real estate investor, this business is a numbers game 100%. You have to swing for the fences to be successful and you have to take chances. Babe Ruth did not become the home run king by taking it easy or by holding back. Go for it.

Get over whatever it is that is causing you to procrastinate, hold back and not succeed. Every time Babe struck out he was one at-bat closer to the next home run. It’s the same with real estate.

Each time something goes wrong (and it will for you like it does for me), you just have to bounce back. Be resilient. Go again. Don’t stop until you succeed.

This business isn’t easy, but it is simple.

I’m not in Denver right now, I’m out of town and was meeting with several investors over lunch today.

They talked about sophisticated technology and software to analyze deals and figure out if a deal is a good buy or not. They had totally over-complicated the whole evaluation and were’nt even sure of what benchmark to really evaluate against.

I moved our food out of the way and on the paper tablecloth at our outdoor patio lunch venue I scribbled out a quick and easy formula to figure out if you have a good deal or not.

They looked at me in shock and said “Is it really that simple?” For the nearly 20 deals we closed last month…it is.

Swing for the fences. Make some mistakes, correct course and go after it again. It really is that simple.

Check out this 20 minute training video and learn how to get paid at the beginning, middle and end of every deal by following the Profit Line Formula. Enjoy!

http://www.reieducationproducts.com/the_profit_line_formula

To your success,

Understanding the Real Estate Profit Line Formula is an overlooked, rarely taught strategy that will dramatically, with proven results, help you instantly stabilize your real estate cash flow.

Let me explain:

When you invest in real estate, you (1) find a good deal (2) write a contract (3) estimate your repair budget (4) plan your exit strategy (5) secure your funding (6) close on the property (7) execute and manage the project and (8) PROFIT by selling or holding

—>>> Good plan with one major problem. Your PROFIT doesn’t come until step 8.

Ouch.

It is nearly impossible to make the kind of money you desire using this traditional real estate system.

Whether you are limited by finding, funding or fixing, it is extremely difficult to get paid with regular and repeatable income.

The Real Estate Profit Line Formula is a hard-hitting, money-making concept that that will dramatically improve your cash flow.

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***THIS IS IMPORTANT***
—>>> Friday, March 21st at noon, that is 12:00 pm MST, I am going to release a FREE training video that will explain the Real Estate Profit Line Formula in detail so that you can instantly improve your business cash flow.<<<—

Do not allow yourself to miss this FREE training!!

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Watch for the release.

To Your Success!

There are 5 specialized niches that you must become familiar with to help you succeed as a real estate investor and fund your deals. Here they are:

Traditional Financing. While this tends to generally be the cheapest money available, it is also the most difficult to get. You have to go through the application and approval process and in most cases today you will need a significant amount of money as your down payment, many times in today’s financing markets, up to 20 to 25%. This source of money is credit driven and based on your financial situation. Traditional financing is your long-term financing option, and a good choice to ‘take out’ the higher cost, shorter term money often used for quick acquisitions and rehab. The cost of traditional financing should generally be zero up to about a point origination fee and, depending on your qualifying, around 6 to 7 percent per annum.

Rehab/Bridge Lending. This form of real estate financing is easier to obtain than traditional money because of the “creative” income qualifying that can be used to get the loan. For example, most bridge lenders have the flexibility to weigh their approval more heavily on either your income or your liquid assets, depending on your situation. While they usually require some down payment, they will often times also lend repair money. It is slightly more expensive than traditional financing and is designed for a shorter term of generally around 6 months, however some programs of up to 2 or 3 years do exist. Rehab/Bridge Lending generally costs between 1 and 2 points and, depending on the lender, interest is charged around prime plus 3 or 4 percent per annum.

Hard Money. Hard money is the easier qualifying, more expensive but faster form of Rehab/Bridge Lending. Hard money is truly an ‘Asset Based’ loan where the lender is more concerned about the equity in the property than your credit score and liquid cash available to qualify. Now, that’s not to say that Hard Money lenders won’t explore your ability to repay, they probably will, but they have the flexibility to design a loan that can work on a very short term basis including no payment options and rolling costs into the pay-off. Hard Money loans are generally much more expensive and cost between 2 and 6 points with interest only payments generally between 10 and 16 percent. You don’t want to end up in a Hard Money loan long term; these loans are usually designed for up to 3 to 6 months. So, before you borrow – have a good way out – plan on using either traditional financing or private money as your long-term take out option.

Flash Cash. Flash Cash is the expensive, fast, prevent the last minute train wreck alternative. When your well laid out plan blows up in your face days, hours or minutes before closing, Flash Cash is your saving grace. These loans are generally designed on an extremely short term basis of 1 day to under 1 month. The purpose of a Flash Cash loan is to ‘bridge’ the time between when you have to close (because your seller is requiring it by contract, i.e. short sales and REO) and when your ‘real’ source of financing can actually fund (i.e. a double close or the funding options discussed above). Flash Cash generally costs between 2 and 4 points for a 1 day loan with interest charged daily at between 10 and 18 percent per annum for slightly longer periods.

Private Money. Private Money can take on a variety of personalities. There are generally 4 basic forms of private money, including: seller financing, private debt, private equity and secured loans. Private money is the only financing option where the borrower creates the terms of the loan. In all the other cases, the lenders are ‘in the business’ of lending money and they set the terms. The cost of private money can range from being extremely cheap, around 4 to 5 percent (even less on occasion) to very expensive with partners taking a big chunk of your profits. The terms are flexible and can be modified to meet the needs of both borrower and lender. The qualifying is based on trust and a good business plan rather than down payment and credit. When structure correctly, the speed of funding is unmatched. Private Money can fund your acquisition, rehab and holding costs and can be structure either on a short term basis or can be long-term financing. Stay inside the guidelines set by the SEC and you can confidently raise private money to serve your private lenders and help you make more money.

Get to know each of these 5 financing areas well and you will be light years ahead in your real estate investing business.