Notes

Finding Prospects/ Qualify
Structuring Deals
Follow Up
Close Quickly
$1000-$2000 Monthly Marketing Budget
Learn to say no to small deals
Until Over $100K not interested
3 months training.

FFE: Friendly, Flexible, Excited

Commodities, Business, R.E, Paper - Standon 4 verticals/ legs/ diversify

10 different ideas everyday to make money/ fund idea/ entreprenuer

I side of quadrant.

Experience through your own transactions.

Cost, Trading Range
Valuation Is Key

Land Trust not corp or LLC
more privacy
all properties

Trust
Trustee (owner Buyer acting on behalf of trust manages it; neutral party) Beneficiary (buyer ALex) Grantor (Seller Alex or current owner) representative for beneficial interest
Grantor is performing; else trustor can foreclose on them
Land Trust: 498 Bernal Ave Trust
Assignment of beneficial interest Alex sells to Bradley
Taxes paid through escrow

C Corp Non US Citizen/ US Citizen
S Corp US Citizen
NO LLC (General Partner & Limited Partner), Partnership, Sole

Investing Or Consulting

Move property into land trust through title company $50-$100

GSI Dept get maps
.25 mile radius

Neighborhoods prone to distress

Get At-least 200 leads a week/ Best deals/ no-one is after
25-40 homes in a hr

$877/ monthly P&I
30 Years =360 Months
10% Interest
$100,000 Loan

$500,000 1% 5000 .5% is monthly payment 2500

closing cost is 2%

Seller financing/ lease option

http://www.creonline.com/
https://my.patlive.com/register/default.aspx
https://www.passport.fntic.com/

.72 to .74 times ARV market of rehabbers

Steve Chandler, Scott's Attorney in San Leandro (Awesome Guy).
510-483-1446
$350 an hour cost
[email protected]
Only RE Law

IRS allows 27.5 years of depreciation cant depreciate land, improvements ok
80K improvements
20K land
100K value
80,000 divide by 27.5 = $2900 can deduct
phantom cash flow
accelerated schedule based on repairs

1031 exchange at no years or cost

Lawyers Title, Danville
Denise Guthrie
Jenny Klatt
925-464-4121
Land trust
seller financing
promisory note

orphan mortgage love it.
robo signing
world savings bank
insolvant

Due on sale clause

House-promisory note connected to deed of trust outlines terms. DOT ties note to house.
Title has owner
note has lender
borrower and owner do not have to be same person.
title/ grant deed / owner has

AITD all inclusive trust deed
also known as wrap around mortgage

escrowcert.com $15/ month

preservation of capital
return on investment

Double closing 2 escrows unnecessary flash fees 1.5%
save escrow fees, points.

Only work with people who are pre-disposed to RE.

Excellent Buyers on Craigslist

$47 for 100 stamp rolls.
1st class mail

Knock off liens, personal tax, mechanics, 2nd position liens (penny on the dollar).

keymaster combo boxes from ebay get 10.

$20,000-$30,000 to get tenant dislodged.

$500 flat fee listing MLS
essentially a FSBO.

Consider opening IRA even with $100-$1000
Money grows tax free to whatever you want; RE in control; know what you are getting
Roth after taxed income $5500 cap
Sep not taxed income
up to 50K or 25% of annual income
Rent checks come in there

Coverdell ESA for children under 18.

Announce About Private Lending to Pre-Disposed people.
Ask to get.
Money enables you to move on.

Trap-wholesale
Rehab-Big Goal-Big Money

FSBO.com, zillow, craigslist,

Either Cash Or Terms

Owner Financing or Lease Purchase

Ask at clubs
GC best friends/ night mares
neighborhood deals check work; best deals
clean work appreciate good work; spot good talent; create deals to showcase their talent.

Sketchup google design tool

Leverage the team
Act as an entreprenuer; scout talent

Designer 50/hour-1000/1500 in SF
architect 50/ hour or 80/hour for experienced.
full design 3-4K