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Learning Center ( FOR MEMBERS ONLY)
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Click on the category below to find ARTICLES, AUDIO and/or VIDEO lessons on each topic. Most Audio files can be downloaded to your MP3 player or desktop by right clicking on the download links in each article and selecting "Save Target As."
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The Only Dumb Question is the One Not Asked!
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Finding Profits in Preforeclosed Properties
Thursday, April 10, 2008 (213 reads)
How do you find the right properties without Brokers? Cold-canvassing in the neighborhoods, putting out flyers door-to-door, running ads, paying "bird dogs", direct mail, and contacting lenders all helps. Looking for people to whom "creative finance" boiled down to placing 2nd and 3rd.loans against properties. These virtually guarantee feasible properties In foreclosure situations.
To illustrate the point, suppose. . . . read the rest of the story... Sign up to see more |
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Your Answering Service by Mike Butler
Wednesday, April 09, 2008 (179 reads)
I still get ridiculed today from my peers. This simple $8.00 or $9.00 a month expense has been an instrumental tool in my real estate investing. Never call it a pager, call it your answering service. (Perception is reality.)
Let’s begin with getting the pager first. Here are the features you need. Start with a voicemail pager. Make sure it has a greeting, and plenty of space for voice messages. Unknown to many, the greeting can be extended from the usual eight seconds up to 20, 30, or even 60 seconds at no additional cost. Get the most greeting time possible. Put a little effort in this process. You will only need to do one time. The challenge is getting it set up properly. Sign up to see more |
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Negotiations by Mike Butler
Wednesday, April 09, 2008 (197 reads)
First of all, I must admit, my job as a police officer, plainclothes detective, and about 7 years as an undercover police detective had to be about the best job on the planet… or at least I thought so. FYI, myself along with most police officers think firefighters are the crazy folks on the planet.
The public and the firefighters believe the police officers are nuts. Here’s our position, short and sweet. Here’s what most police officers hear…”but a bad guy can come after you with a gun”… our replay is “OK, then duck or just shoot him or shoot back.”
Now on the flipside from the police officers perspective… Sign up to see more |
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Why You Can't Live Without a Personal Assistant
Wednesday, April 09, 2008 (175 reads)
Having an assistant is one of the best investments you’ll make as a real estate entrepreneur. Like all parts of your business (and yes, buying, leasing, and selling houses is a business), they require an investment of your money and also your time. You’ll need to invest a little money in order to hire, train, and compensate them for their services. And, you’ll need to invest some time to help them get the job done right—more in the beginning and much less as time goes on. Sign up to see more |
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Negotiating to Stop a Foreclosure
Monday, March 31, 2008 (218 reads)
If you go to foreclosure sales, the sale of many of the houses scheduled for sale is postponed at "beneficiaries’ request". This means that something has happened to make the lender think it is going to be paid off in full. Usually, when a loan is in default for a few months, the loan file is handed off to the "Loss Mitigation Department". When I hear of a lender staffing such a department, it sends a message to me loud and clear that. . . Sign up to see more |
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Discounting a 2nd Mortgage by Jack Miller
Friday, March 21, 2008 (217 reads)
The house had been sitting forlornly vacant on a full acre of suburban land when it was spotted by an entrepreneur. A cursory search of the title records revealed that it was owned in the name of a couple. A search of the telephone records of a three country area revealed that each of the partners had a telephone in a different area code.
At this point, it was obvious that some sort of personal situation had caused the house to be abandoned.
What do you do? Sign up to see more |
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