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Category Archives: Invest-In-Yourself

Sallie & Freddie Get Kicked in The Fannie!

Sallie & Freddie Get Kicked in The Fannie!

There is a lot of talk these day about the Federal interest rates.

Are they going up, are they going down, what will happen next?

A lot of investors are wondering, distracted and some just waiting for the market to “cool” down before they get in. But the opposite is true!

Now is the best time, especially with this strategy that I am about to share with you. I have been doing this for years. Recently this method went unnoticed, no one cared, it wasn’t on TV, even investors didn’t talk about it at investment groups. But that didn’t stop me, I guess because I like to do things before the waves form. I look out into the ocean and see what’s coming next and start.

This strategy has gained more popularity and status in the recent years because of the biggest bank crisis ever in US history and I will share it with you here…

Did you know that more millionaires were made after the great depression than any other time in American history until recently?? The numbers are staggering and the tables are being over-turned. Here’s what I mean. In 2008, when the “credit crunch” hit the world, banks froze up so much that it seemed like even oxygen was going to be lost…

Jobs were downsized, businesses forced to close, bankruptcies hit all time highs, and sadly people took their lives because they couldn’t handle the pressure of a shrinking economy and a banking strategy that could no longer be trusted.  And that’s when the government had to step in.

This became the newest and biggest financial collapse the world had ever seen.

However, there was a few investors that looked at “rebuilding the economy” as a rehabber would. Gutting it all out. Putting on protective glasses to see through the dust that has taken years to settle and they went to work on a strategy called Owner Financing. A strategy that allows investors to work directly with homeowners WITHOUT the “big” banks getting in the way with their loopholes and “over extended” ways.

I too had a pair of those protective glasses! Let’s just say I have learned from past experiences that it’s important to come prepared so you see when the going is going to get dusty.

When other investors saw what I was doing and how I was still turning deals in a “tight” financing market they wanted some glasses too. So I showed them how to get them and use them to get great deals during this crisis.

Hey, I hope you like my examples here, but the point I am driving home here is that there is a lot of talk from the media about what could or couldn’t happen with interest rates and the economy but don’t let it stop you from investing. Get started now.

At the link below is a training I put together for you on how you can start using this same strategy that I used while everyone was panicking. I was closing deals and making money.

Here it is: http://filthyriches.com/

After you watch this, let me know what you think okay?

Larry Goins, Author

Seller Financing a Property with a Mortgage

Bill Fairman from Carolina Hard Money talks with Larry about how you can do seller financing on a property that already has a mortgage.

  • What do you need to look at to offer seller financing?
  • Why does the borrower need the “ability to pay”?
  • Does the borrower have the ability/funds to complete the closing?
  • And most importantly, is the borrower willing to make the mortgage payment?

 

Why is the character of your buyer so important in qualifying them?  And what are you looking for on a credit report?

Find out all the answers on this quick hit segment from Invest in Yourself.

Seller Financing – The Market is Ripe

Paul Olson joins Larry to talk about Seller Financing and how they are using seller financing in their business.

Larry used to do primarily wholesaling, but as the market has turned, Larry has turned to doing more seller financed deals.

Larry talks about how, in the current market, he can earn more money by seller financing. The great thing, is it also allows him to spend more money on the property, even full list price!

Paul talks about a fix and flip is doing on his own right now. He goes into details on the comps, the area and how he measures the value of the property.

Watch the video below to learn more!

Seller Financing – Talking to Prospective Buyers

Nathan Amaral joins Larry on Invest in Yourself. In seller financing, you are most likely going to have to deal with buyers, so Nathan gives a few tips on how to handle those conversations.

How do you have the right mindset to deal with buyers effectively? How do you take control of the conversation? Why should you be the one asking questions and not the buyer?

Nathan shares an exercise you can you use with an old checkbook to build your comfort talking and dealing with larger and larger numbers.

Find it all out and more on this segment from Invest in Yourself!

Seller Financing – Accountability

Melissa Floyd, one of Larry’s Senior Business Advisors, joins Invest in Yourself to talk about how she works with investors and keeps them on track.

It all starts with a MAP, and assessing your current situation, strengths, weaknesses and goals.

Melissa shares a story about an investor who only does deals by email, and details a couple of the ways she helps to keep investors accountable and moving forward.

If you need help with your game plan or your MAP, feel free to give us a call at 803-831-2858.

Invest in Yourself – Seller Financing

This episode of Invest in Yourself is all about seller financing. Larry is predominantly using seller financing to sell properties in the current market, as right now it allows him to earn more money than wholesaling and allows him to be more competitive with with his offers. As the markets continue to “come back”, it is important to look into and implement strategies that will allow you to grow your business in current and future market conditions.

Paul Olson joins the show to talk about a few deals in the pipeline and share a deal he is working on right now. Bill Fairman from Carolina Hard Money (dot com) talks about how you can seller finance a property that has a mortgage on it.

Nathan Amaral talks with Larry about how to talk to prospective buyers to leave them itching for your property, and Melissa Floyd, one of Larry’s Senior Business Advisors chats with Larry about a few challenges and success stories from her real estate students.

Want to know more about seller financing? Then watch this episode of Invest in Yourself now.

Mistakes Investors Make – Rehabbing

Wendy Sweet joins Larry to talk about how she helps investors avoid mistakes. As a hard money lender, Wendy is responsible for inspecting a lot of rehab projects. And Wendy knows a lot about how to properly rehab a home for a quick sale.

Wendy will tell you the top four mistakes investors make on a rehab. She’ll tell you:

  • Why not to cut corners
  • Why not to underestimate repairs
  • Why not to over improve a house
  • Why not to under improve a house

Find it all out by watching this segment from Invest in Yourself.

Your content bonus is 12 Deadly Mistakes Investors Make and How to Avoid Them:

12 Deadly Mistakes >>

Mistakes Investors Make – Overcoming Obstacles

Dean West joins Larry on Invest in Yourself. Dean is Larry’s senior business advisor and has worked with thousands of investors.

Dean shares some stories about investors he has worked with, the challenges they have faced and how they overcame them. He talks about how to find a good realtor and use your scripts.

He also shares a few stories, including one of his students who got started in real estate by buying a hot dog stand. Find out more in the video.

Your content bonus is 12 Deadly Mistakes Investors Make and How to Avoid Them:

12 Deadly Mistakes >>

Mistakes Investors Make – Communications

Nathan Amaral joins Larry on Invest in Yourself to talk about mistakes investors make with their communications. Real estate is a people business, and how you speak to realtors, lenders and other business partners is a big deal.

Find out why not to be a ball hog in your business and why you do need an elevator pitch. Nathan will give you three things you need to stop doing, and three things that you need to do. Watch this segment from Invest in Yourself to find out more.

Your content bonus is 12 Deadly Mistakes Investors Make and How to Avoid Them.

12 Deadly Mistakes >>

Mistakes Investors Make – Technology

Paul Olson joins Larry as they talk about mistakes real estate investors make. Larry shares some of his horror stories and gives some tips on how you can avoid them.

He even talks about the time he bought only half a house.

Paul talks about the role of technology and the potential pitfalls to look out for. He talks about a couple of tools to keep track of your business.

Your content bonus is 12 Deadly Mistakes Investors Make and How to Avoid Them:

12 Deadly Mistakes >>