A few days ago I sent a free blueprint on how to generate an unlimited supply of REI leads from scratch.
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We got quite the response from it, so I wanted to make sure you got the chance to take a look (below).
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I invite you to take the next step and [schedule your free Strategy Session.]( This way we can help you put the rest of the pieces together and get you cashing those big deal checks.
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Enjoy!
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Blair
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--- Start From scratch Blueprint ---
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If I had to go back in time and start all over in my real estate investing career, and I needed to make QUICK CASH, here's what I'd do...
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First, I'd print out 50 of [these lead sheets](.
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Then I'd go to Zillow and find all the houses "For Sale by Owner" in my area, call them all, and fill out a lead sheet for each one of them.
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For any seller that said they'd be open to taking a monthly payment for their house, I'd set up a time to call them back after I "did a little figurin'."
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After checking out the numbers and doing a quick estimate of ARV, I'd call 'em back and say:
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Well, looks like I can make the numbers work and I can buy your house. The way I do it, it's a real common way of doing it now, I just take over your existing mortgage. I'll take over all your payments and maintenance on the house, including your taxes and insurance, and any HOA dues you have there. So it's actually a lot like, maybe you've heard of assumable mortgages? All the VA and FHA mortgages used to be like this where you could just take over payments. So what I do is just like that except we don't have to do all that assumption paperwork anymore. The loan does stay in your name temporarily until I get it cashed out at some point in the future, but I take care of everything so you can just sell the house to me and move on with your life. Does that sound good?
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Anyone who says yes to that, I'd setup a time to go do a quick walk-through of the house, and get the paperwork started (i.e. get the purchase agreement signed).
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Once I had the deal signed up, I'd start calling all the other real estate investors in the area and see if they wanted to buy this deal from me.
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I'd also put the house up for sale on craigslist (today it would be FB Marketplace) saying "Rent-to-Own Home For Sale, No Bank Qualifying, Flexible Down Payment, Flexible Monthly Payment, Price $149,900" (or whatever I set my price at).
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That would get the potential buyers calling me, at which point I'd setup a time to show them the house, and if they were interested I'd ask them two important questions: "what's the most you can afford to put down toward your new home?" and "what do you need your monthly payment to stay under?"
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I'd work my buyer leads to find the buyer who looked like they had the best numbers, i.e. highest down payment, and highest monthly payment (that they could afford using the 33% rule).
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Then I'd set up the transaction so that I closed on the house with the seller the day before the buyer wanted to buy the house and move in.
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Closing day comes, the attorney has all the docs prepared for the seller, they come in and sign.
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Then the next day (or even later in the same day), the attorney has all the docs prepared for the lease-option tenant-buyer, they come in and sign and pay all the money - the down payment, the first month's rent, and the attorney's fee.
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Then it's time to head to the bank to deposit the checks.
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Now I've got a chunk of change in my pocket (usually get about 10% down from the tenant-buyer), and maybe a few hundred bucks cash-flow coming in on that deal every month.
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Rinse and repeat. â
>> Take the next step and [schedule your free Strategy Session.](â â
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