Vacant Properties + Bandit Sign = Cash Buyers

Ok so if you are an active real estate investor at some point you have used bandit signs to market for deals and/or buyers right?

Well have you ever been hounded by the “sign police” for ‘illegally’ putting your sign on the sign of the road or intersection? If you or someone on your team (hint hint) has at least put out 20 signs, you have probably received threatening phone calls to take down your signs or risk fines and penalties.

Well here is a unique way to avoid having to deal with the sign police, and still attract quality Cash Buyers for your wholesale deals:

***Put Bandit Signs in the Front Yard of Vacant Houses***

If the owner of the property calls you about the sign, just apologize and tell them you will take it down.

Note: They rarely ever call as they are distressed homes and either they don’t care, or they are long gone. If they do call, here’s a good idea: MAKE THEM AN OFFER!

Another tip is to ALWAYS call the # you see on bandit signs, as these can also be quality cash buyers (or sellers)

Hope you liked some of these tips.

Comment below and let us know what you are doing to find CASH BUYERS. Best tip gets a cool prize :-)

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How a plane crashing can be a great gift

Ask yourself these questions right now…

What are you putting off for the future, that you can do today?”

“Are you spending time on things that do not matter, with people that matter?”

This short 5 minute video can really change the way you approach life from this day forward.

Comment below and let me know what you think of this video. What is the big ‘take-away’ you get from it?

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REO Tips

Hey – It’s time to set the tone for the upcoming week so I just want to share some REO tips that can help you flip more deals and make more money.

First of all, if you are not flipping REOs you are leaving a ton of money on the table.

It’s not difficult at all, but like anything else, you need to get educated as to how the game really works.

So here are some free tips for ya:

  • Identify who the top REO agents in your market
    are and focus on building a long term relationship
    with them. Find out how you can add value to their
    business (i.e. you will close on their deals), and stay
    in contact with them on a weekly basis.

    You can do this by gaining access to the MLS and
    pulling a search for REO properties sold for cash in
    the last 90 days. Then look to see which agents have
    closed the most deals.

    Then ya just gotta pick up the phone and speak with
    confidence. Set up a lunch meeting and begin to
    develop that relationship.

    Before you know it they will be sending you “pocket
    listings
    ” – (deals not on the MLS)

  • Contact agents who have ‘Pending Sales‘ greater than
    40 days
    . Most REOs that sell for cash should close in
    30-45 days max, so this could be a good opportunity for
    you to step in and close a good deal if the agents buyer
    is not able to perform.
  • Always structure your deals with cash buyers on ‘Net’ terms.

    Since banks do not allow you to assign these contracts,
    you will need to ‘double-close‘ these deals. All this means
    is that you will first close on the property with the bank
    (A to B closing), and then close with your cash buyer that
    same day (B to C closing).

    Well you can save a lot of money by making sure that you
    get your cash buyer to agree (on your addendum) to pay for
    both sides of the closing costs.

I have more tips I’ll be sharing with you this week so keep an eye out.

Talk to you soon,
Alex P.

p.s. Me and my girlfriend Natalie with some friends at Club 50 in Miami on Saturday night:

Work Smart, Play Hard ;)

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How Bad Do You Want To Succeed

I’m often asked “Alex, what is the key to success?” or “how do I accomplish my goals and not let fear get in the way?” and I usually answer those questions with a question…”How bad do you want to succeed?”

Stop for a second and think about that very simple question. “How bad do you want to succeed?”

Do you think you want it? Or do you REALLY want it?

In other words are you willing to sacrifice whatever it takes to get what you want? If the answer to that is ‘YES’ than prove it!

Actions speak a lot louder than words mi amigo so when you sweat blood and tears than you know you are well on your way.

I have been training Mixed Martial Arts now for about 6 months and have had the opportunity to work with pro fighters. I can tell you that the ones that succeed and are champions are willing to do whatever it takes to accomplish their goals.

So how does this apply to your life and your real estate investing career? Do you continue to educate yourself and buy every course under the sun, only to find yourself not doing anything with all the knowledge you have accumulated, or are you actually out their doing deals and cashing checks?

If you are not doing deals and making things happen then by now you should know why. You apparently don’t want it bad enough! Watch this video and let it inspire you and move you to greatness.

If anyone ever tells you ‘you can’t do it’, slap them in the face (I’m half kidding). Hope you like this video. Talk to you soon.

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Enjoying Vegas Thanks To Automation

Hey – Alex Pardo here. Well now I’m back from a, hot, ROCKIN’ Las Vegas trip! Naty and I w_ Eiffel Background I love that town! If you follow me on Facebook, then you know I’m constantly on the move. I love spending time with friends, family and loved ones around the country, and I love that real estate makes that possible.

Of course, it wasn’t always that way. When things first took off for me, one of my significant other’s biggest complaints was that I basically never left the “office”. Even when I wasn’t physically there, my mind was on work and I was constantly shuffling papers, taking calls, reviewing deals and looking to grow, grow, grow. And I still feel that passionate about my business today. So what’s different? I learned to manage my time in a way that did not detract from my ability to do high volumes of deals: I automated.

Automation is absolutely critical to your real estate investing success unless you just want to spend every waking moment thinking about real estate investing. And it’s not as hard as you might think. Here are some important things to start doing now in order to take some of the weight off your shoulders in your real estate investing business:

1.    Set up a call-answering service

There are some very simple things that can and should be done to establish whether or not a seller is motivated and the deal fits your criteria. Have an answering service do this pre-screening.

2.    Establish a bird-dog system

Reward the people that bring you deals! Make sure that everyone you know knows that if they bring you a potential deal that results in a successful transaction that you will make sure to compensate them appropriately. The first time this happens and a deal closes, you will have a dedicated deal-finder for life. And they’re essentially “free” because you only pay when you make money.

3.    Put your routine down on paper

Even if you are not yet in a position to hire a virtual assistant (VA), you need to have a manual of operations in place. This will help you and your staff become more efficient. So write down what you do each day, then evaluate it for time-saving opportunities and determine what could potentially be outsourced for a low cost.

As you develop a clearer routine for your business, you will find that many aspects can be automated. In no time, you will be able to enjoy the aspects of real estate you are passionate about without your friends and family feeling as if they have been “deserted.”

Action Item: Draw Your Day

Make a timeline of a typical day. Then, check it against reality to determine how you are really spending your time. Where necessary or appropriate, adjust your behaviors or the time allotted to a specific activity to make your work day more efficient.

If you want to learn exactly how to automate your entire business (and I don’t know why you wouldn’t), then CLICK HERE

Also, comment below and let me know what you think of this post —->

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What do MMA, Tactical Shotgun Classes and Manicures have in common?

Let me ask you, what’s wrong (or strange) about a dude who likes to train MMA, get massages on the regular, taking tactical shotgun classes, and gets a manicure / pedicure after?

Well I posted this on my facebook yesterday and my friends have been giving me crap about it all day, lol…

Facebook Weekend Activities - Alex Pardo

Can a man not get a manicure / pedicure these days?

Does fighting and training with deadly weapons mean I can’t take care of my hands and feet?

(Be careful how you answer or I may have to practice what I know on you ;)

Truthfully I’m going because my girlfriend says the little asian women gives banging foot massages and how can I say ‘no’ to that?

I’ll let you know how those weekend activities go before I hit Vegas next week, but in the meantime let’s get down to business.

Seems like the real estate investing community is in a buzz since I posted the free video about how a 22 year old kid made $26,000 from the tiny bedroom in his mama’s house using a strategy that not many people take advantage of…

I’ve received a ton of emails and my poor assistant has fielded a bunch of calls in the past few days from people that want to know if this really works. Well I can absolutely tell you that this works because we do it every single day. It’s 100% legal, legit, and you don’t need a penny to do it.

This is not like one of those programs or courses that says you don’t need any money and then the truth is you need to spend a few hundred bucks on marketing. We teach you how to “No-Risk Wholesale without needing a dime to your name.

This economy sucks…for most people, but it hasn’t affected us one bit.

Unfortunately 95% of people are sleep walking through life and are going to be totally hosed when this country experiences the greatest depression the world has ever seen, but you can position yourself to join the elite 5% of people that receive the biggest wealth transfer in mankind…and you need to start HERE.

Well enjoy the video. I’m off to my tactical shotgun training and I’ll post pictures on my facebook soon. But don’t expect pictures of my manicure/pedicure :-)

Oh before I forget, I haven’t responded to my friends yet. The person that gives me the “wittiest” or “savviest” comeback line(s), will get free access to this training we just launched. And the video is coming down soon so hook a brother up and COMMENT BELOW! (I’ll announce the winner on Monday)

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God Bless America but Uncle Sam is in Trouble

Hey – First let me say Happy 4th of July (and don’t drink while operating fire works – that usually turns out bad :(

While we live in the greatest country in the world, let’s not bury our heads in the sand like an ostrich! Check out this short 5 minute video that my mentor sent me a few days. It explains why we are headed for an “Economic Armageddon”!

No need to panic, you only need to be prepared and make sure your financial future is secure!

I can help you get there, so stick with me.

Comment below and let us know what you think of this video and what you are doing to prepare for Armageddon!
.

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Are You as Cool as a Cucumber?

Wow. There is a lot of uproar in the housing market right now. I don’t know if you follow politics very closely (I don’t most of them are (insert not so nice word here), but my real estate investor friends who do are really worked up – I mean really – thanks to our Secretary of the Treasury’s recent comments on Fannie Mae, Freddie Mac and the role of the government in the housing market (Washington Post, 03.01.11).

I, however, am feeling pretty damn good. I have my opinions on these things, but as a real estate investor, I’m keeping calm. Want to know my secret to staying cool as a cucumber and just crushing the deals as they come in? Well, first let me tell you what’s going on, and then I’ll tell you why I’m not concerned.

More and more officials in the federal government are coming out and saying that the government being involved in the housing market is a bad thing. Why does that matter? Because it means that Fannie Mae and Freddie Mac, government-entities that buy mortgages from banks so that the banks can make more loans, might disappear. That could mean trouble for people who sell and build houses because it will mean that fewer banks can make loans.

So why am I not worried? Well, remember, I’m a wholesaler. That means I sell for cash EVERYTIME. Cash is King my friend. You like King’s right? Click here to have cash buyers rain down on you. My buyers don’t need loans. And even other real estate investors who are not wholesalers don’t really have to worry that much because nearly every real estate investor I know is a master of creative financing, which means getting loans in unconventional ways so that you do not have to deal with the banks. So really, as a real estate investor, if banks stop making loans, your skills will be more in demand than ever before.

Just my 2.5 cents. What do you think? Comment below or I will throw Cucumbers at your head!

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Making Things Happen

Last week, I saw something interesting on my Facebook page. One of my FB friends had posted that he would pay $2,500 to whoever brought him a buyer for a great home that he is trying to sell in Orlando. Now, offering to pay a referral fee for a buyer is not uncommon, but what I liked about this guy was how hard he was working at making things happen for himself. He was not just waiting around for things to work out for him; he was taking action in every way possible to reach the people who could make this deal happen for him. He was thinking outside the box and doing everything possible to reach the people he needed to do the deal.

When you are working in real estate, it can be tempting to think that as long as you are following all the “rules” or instructions for doing a particular type of deal, then you are doing everything possible. However, just following the rules is not always enough – particularly if you want to really reach the upper limits of your potential for success. You must always work to think outside of the box and make sure you are doing everything possible to increase your chances for success.

Here are three ways to improve your “out-of-the-box” thinking and make sure that you are always living up to your full real estate investing potential:

  • Always ask: Is this enough?

    In some cases, you may be doing enough to make your deals happen. And if that is the case, then it’s okay to answer this question with “Yes!” But if your deals are not happening fast enough, then maybe there is a way to expand your reach.

  • Make offers

    Many people believe that they should work one deal at a time. However, if you ask me, you should be making as many offers as possible because not all of them are going to work out. The more offers you are making, the more successful deals you will soon be doing.

    Note: We send 15 offers a day!!!

  • Sell in as many ways as you are comfortable

    I know some real estate investors who only will sell to end-buyers with conventional financing. And that’s fine, if it works for them. However, in today’s market, most real estate investors are finding that the more ways that they are able to provide opportunities for people to buy homes effectively, the better. So if you are good with lease-options, for example, then do not neglect to make these types of creative buying opportunities available.

Do not be afraid to push your limits in real estate investing. Making sure that you have the most opportunities for success possible is integral if you truly want to maximize your potential.

Share with us below how you have “pushed the limits” and been thinking “outside of the box”.

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The Importance of Clear Title

If you have been watching the news lately (<—– shoot yourself – just kidding), then you probably have noticed that politics are dominating the media lately – and everyone has an opinion on one lady in particular: Sarah Palin. Now, before you groan, moan and close this blog post, wait one second – this is not a post about politics. However, it is a post about just how important it is to make sure that your investment properties – and your own residence for that matter – have clear title before you buy them.

Here’s what happened:

Sarah Palin (former vice-presidential nominee and Tea Party activist), purchased a house from an investor. The property is in Scottsdale, Arizona. Palin bought the company through an investment firm. The firm purchased the property from a real estate investor who had bought the property as a short sale a year earlier. Sometime earlier in the property’s history – before Palin, her investment company or the investor who bought the property at short sale ever became involved – the house was involved in a foreclosure that was associated with two fraudulent, robo-signer signatures. Now, the legitimacy of the chain of title is in question and it’s unclear just exactly who all might have rights to that property.

Now, what does this have to do with politics? Absolutely nothing. It’s a pitfall that can affect anyone who is involved in buying – and selling – foreclosures. And with more and more lenders coming under fire for robo-signing in their foreclosure departments, you really have to be careful that you have purchased a property with clear title and good title insurance.

So, what can you do to help insure that properties you are buying and selling do not end up tangled in this robo-signer mess?

(Make sure you are a VIP Inner Circle member where we cover everything you need to know :)

Well, you can’t be sure. There was a lot of “sketchy” stuff going on and it hasn’t all come to light yet. However, you can protect yourself by:

1.    Making sure that you have done your due diligence;

2.    Making sure that your contract protects you in the event that a problem arises (have a real estate attorney construct the language for you so that you are effectively “written out” once you assign the contract); and

3. Buying title insurance! If they won’t insure it, then you shouldn’t buy it. I don’t care how good a deal it is. If the title company is scared, then you should be too.

Robo-signers and foreclosure fraudsters should not make you afraid to buy and sell foreclosures. However, you do need to make sure that your interests are protected in order to do it safely and profitably.

Any “horror stories” with title that you can share with us so we can learn from your experience…?

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