Short Sales - Don't Do It by R. Preston Ely

Have someone else do it for you.

Short sales get dealt with just like everything else in my life that even remotely smells like
stressful labor; they get delegated. Outsourced. Sub'd out. Avoided at all cost. The purpose of
this article is to encourage you to do the same.

Life is too short to do things you hate. Don't you feel the same way? Did you know you don't have to do things you don't like? You are not a prisoner. You're free. I spent ten years of my life doing what the world considers "real" work. I'm done. Real work blows. Who is to say what is real and what isn't anyways?

"Reality is an illusion. Albeit, a persistent one."

- Albert Einstein

Something wonderful clicked inside my head a few years back after my dangerous escape from Cubic-Hell. It's weird because it just evolved kind of naturally. The only way I can describe it is a complete 100% aversion to doing anything at all that I don't find enjoyable...and the ability to actually get away with it.

How to outsource all your unwanted "duties" in life is the topic of another article. Let's focus on the subject of short sales for now.

Let me give you an insider look at a typical transaction on a typical day in my most NON-typical life:

One of my student's cell phone rings (I do all my work with students now. I don't have time for any of my own marketing anymore). Ring! They answer and take down some brief information about the situation and email the lead over to me. I take a look at it and we fax over an offer without seeing the property. The seller accepts it and faxes it back. We send out an email advertising the property for $10,000-$50,000 more than we put it under contract for. Someone calls me and buys it. Title company sends us a check. 17 minutes work total. I never left Starbucks. Tough life; I know.

Now let me give you an insider look at a typical short sale transaction.
Thank God I do not know this from personal experience:

You're in an office that resembles the office scene in The Matrix where everything is greyish
green and weird and lame. The phone rings, but this time is sounds a little more eery for some reason. It rings in slow motion. Rrrrrrrrrrrriiiiiiiiiiiiiiiiiiinnggg. Like it's the scary guy from the movie Scream calling and you know it. You sense impending manual labor in your near future, and some sick part of you is wondering if you murder yourself violently is there any way you can still go to heaven (probably not).

The lady on the other end is hysterical. She's losing the house to auction in two weeks and she needs you to close tomorrow with cash. Your worst nightmares are confirmed; you are indeed about to do alot of work that you hate. You wish it would've been the Scream guy calling instead and that he would stalk you down and end your misery quickly.

You spend the next hour on the phone going over all of her options with her. You're trying to nudge her in the direction of allowing you to do a short sale. By the way way, for those of you who may not know, a short sale is nothing more than going directly to the seller's bank and offering them less than the amount of the loan. She finally agrees to see you in person.

You drive an hour and a half to the seller's house. You've brought a notary with you because her signature on the deed transfer has to be notarized (so far as I recall). That's real convenient. You don't even like your notary. The drive over is awkward. You spend three and a half hours listening to the seller's genuinely sad story before talking her into giving you the deed to her house. You leave depressed for the next 3 weeks.

Now the real fun begins. You submit the short sale package to the bank and wait about...a month. In the meantime you meet the bank's appraiser back out at the house (hour and a half drive) and attempt to use every NLP Jedi mind trick you know of to influence his appraisal. It's a $400,000 house on a golf course, but because you've gone through Jeff Kaller's course and know what to say, the appraisal comes back at $99,000. LOL So far so good.

I failed to mention that during this whole time you have also been attempting to market the
property to a suitable buyer. To this end, you have physically fixed the house up (ew), given it to
a realtor to list (double "ew"), and some other stuff that I'm sure I'm forgetting but will remember
later after it's too late. Why are you doing this all in advance when the short sale hasn't (and may never) even been approved? Because you have to be ready to move at the speed of light once that short sale is approved. You'll have 30 days. That's it. Use it or lose it.

So the stars align, you find your buyer, and the bank approves the short sale. Happens all the time. Top notch short sale investors make a boat load of money; don't get me wrong. They just
Weekly Vitamin For Your Mind
work 90 hours a week is all. And as we all are well aware of by now...that's against my religion. :-)

Now, you just sit back and wait for the closing date. Simply stay on top of the buyer. Make sure his loan goes through, he closes, and you don't lose the house back to the bank. Well, in this case - it doesn't, he doesn't, and you do (lose the house that is). Just happened to a friend of mine yesterday. Bummer. Do 10-30 houses at once, simultaneously, non-stop, and at all times of life, and a decent number of them will actually go through. Welcome to paradise. Total time spent - 2 months.

Which Would You Rather Have? 17 Minutes in Starbucks?...Or 2 Months In Hell?

Ah, but alas - we are not forced to answer such limiting questions as these because we do not dwell in the parched land of "either-or" thinking! We live in the Promised Land of abundance where "both-and" is the only way to fly. We needn't limit ourselves. We can have both the luxury of Starbucks and the fruits of the hellacious labor...without doing the labor!

"Preston, please tell me how to have the luxury of Starbucks and the fruits of the helacious labor."

Ok. You do it by spending your time doing what you find enjoyable while outsourcing everything else. In this case, you are outsourcing your short sales. There are two ways to go about doing this. You can either find a company that will do nothing more than process your short sale with the bank and hand it back to you or you can find someone who will do absolutely everything (and I mean everything). In the case of the former, you are paying these people about 35% of the total profit while doing alot of work still. In the case of the latter, you are getting a 25% finders fee (usually) and doing absolutely nothing but emailing leads over.

Guess which one I do. Yeah, that shouldn't be hard right? I take 25% and do nothing. Currently I have THIRTY FIVE deals in with my short sale guy. I have no idea where he's at with any of them and frankly I'm not overly concerned. I simply get checks from him every week due to deals closing that I have nothing to do with. Free money as far as I'm concerned.

If you want the situation I have, you are going to have to look around and find someone reliable
who knows what the heck they are doing. This will take some time. The guy I use is the best in Florida hands down. He has buyers lined up waiting for all these deals to clear with the bank. It's awesome.

If you would like to merely have someone handle the negotiations with the bank and process the short sales then you need to email my girl Suzanne Ericason at mblazedic@lossmithelp.com and tell her Preston Ely at Real Freedom, Inc. sent you (you will get the royal red carpet treatment if you mention my name). This is the same loss mitigation firm that Jeff Kaller "Mr. Pre-Foreclosure" himself uses. He is the King of all that is short sales and Suzanne is an absolute goddess at getting these things pushed through the banks.

Again, in case I have not been clear - DO NOT WASTE YOUR TIME DOING THIS STUFF
YOURSELF. Your time is better spent drumming up new deals.
Dang this was a lot of typing. I'm late for my Muay Thai class. Later.
P.S. - Can you please point out for me another free e-zine that gives valuable information like this
away at no cost? Stick with me, my friend. I'm taking you places.

Real Estate Coach/Rockstar/Assassin R. Preston Ely publishes the critically acclaimed bi-monthly ezine The Flip Factor. If you're ready to jump-start your life, quit your job, make a bajillion dollars, and have more fun and freedom, get your FREE 7 Day Mini-Course NOW at:

What up! What up!

     I remember reading a book called, "The Secret " a year ago. I found the book to be very inspiring and motivating. The book was based on the theory of the law of attraction. If you have negative thoughts and doubts, you will attract negative energy into your life. On the other hand, when you think positive and believe that good things will happen in your life, you will attract positive energy into your life. This has complimented my belief of believing in myself, believing that good things will come into my life, and knowing that God has a plan for my family and I.

     Well, I'm always looking for ways to better myself on a personal level and a financial level. I found something that I feel can help me and maybe even some of you. Below are 3 videos I want you to watch and if you want to know more, just click on the link below it.

Enjoy and God Bless!


Video #1

Video #2

Video #3

Click here to learn more about The Science of Getting Rich 

REV RUN! THE AFTER RAP!

What up! What up!

     This past weekend my family and I were blessed to have Rev Run of RUN DMC come talk at our church. He spoke about his life and how his group became the Kings of Rap. You see I grew up during the time when Hip Hop Rap first came out. It was new to me and it was the best thing I ever heard. Listening to RUN DMC was music to my ears as a teenage kid growing up in the Bay Area.

     His story about his life and how the Lord has blessed him and his family is very inspiring. I love the fact the my boys had the opportunity to see him speak live. His message of how he hit rock bottom at the top of his career and how GOD carried him back up.

     So, no more talk. I'm excited for you all to see him speak. Sit back relax, eats some shrimp chips and enjoy the video.

God Bless!

The Power of Passive Income "Rich Dad Education"

The Power of Passive Income 

One of the first principles taught to Robert Kiyosaki by his Rich Dad was the Cashflow Quadrant®. The quadrant is made up of the four different people who make up the world of business. The first box of the quadrant holds the E’s, or employees. According to Robert’s Rich Dad, these individuals could be identified by their core values, variations of the saying, “I’m looking for a safe and secure job with benefits.” These values can be identified in positions at every level of the company, from the very bottom all the way up to CEO.

Recent years should have illustrated clearly the fallacy of the “safe and secure job,” but that mindset undoubtedly will remain for millions of workers in America. Even if we assume for arguments sake that a person’s job is safe, the fundamental problem that so many individuals have in building wealth is that they simply are earning a paycheck. Individuals in our society often put long and tedious hours into the earning of that paycheck, and usually create a lifestyle to match the earnings of that paycheck. They invest their time into their core value of security, create a lifestyle to match their earnings, and get caught in the proverbial rat race of life.

Perhaps nothing can teach a person this concept more powerfully than the CASHFLOW 101 game. The game quickly exposes the myth that you can create wealth by building assets such as a home or cars. It also teaches you that, through cash flow, you can achieve your dreams, free up your time, and never worry about money again as you escape the rat race forever. This concept of cash flow is perhaps center among the many principles and concepts and taught in this game. The concept of cash flow, or passive income, is also a primary reason why so many people flock to real estate investing.

Looking Forward to Retirement

Many individuals who have core values centered around safety and security undoubtedly have social security and some version of a 401k at the center of their retirement plans. Many individuals in recent years have had to delay their retirement due to fluctuations in the markets, and have been at the mercy of larger financial instruments to dictate how they spend the golden years of their lives. Needless to say, this line of thinking is not in line with the Rich Dad philosophy.

The Rich Dad philosophy teaches that our retirement begins the second we escape the rat race and no longer have to work for money. Retirement in this sense is simply a state of being, as we may choose to continue to work, volunteer our time, spend more time with our families, or simply go surfing every day. The key is that we no longer have to work for a paycheck because our cash flow exceeds our current and long-term expenditures. Thus, our options on how to enjoy and spend our precious time on earth increase tremendously. This is the power of passive income.

Replacing Your Paycheck with Real Estate Income

It is likely that most of us still are in a situation where we are working for our paycheck. Perhaps we are an employee for a company or own a small business; one way or another, we are putting in the hours for the money we bring in. The process of transitioning from earning a paycheck to replacing it with real estate income likely won’t happen overnight, but it will happen if you have the dedication and acquire the how-to knowledge of becoming a successful real estate investor.

Bringing the dedication and willingness to sacrifice will be up to you. No one can find the inner strength or desire for you. Rich Dad Education offers numerous courses that can teach you the how to build passive income through real estate. In addition, over the course of the next several months, this newsletter will be focusing on real estate strategies that are centered specifically on building passive income.

How Long Does It Take to Escape the Rat Race?

There are too many variable to answer this question with a simple answer. If you have ever played the CASHFLOW game, then you know that if you played with four people, one of the four got out of the rat race first while it might have taken other players many extra turns before eventually getting out. There are so many variables in life, and when you couple that with all of the various levels of dedication and skill sets that people bring to the table, it is nearly impossible to calculate. We can take comfort in the fact that numerous people have done it in real estate, and the formula is logical and time-tested.

For example, one of the key principles in real estate investing is buying right. Motivated sellers are the key, and there are many techniques in which you can negotiate buying property for little to no money down in a deal that makes sense for both sides. While this principle is true, negotiation skills can vary from individual to individual, and some people will just have a knack for dealing with people. With all other factors being equal, these individuals will be more likely to escape the rat race first, as they finalize deals at a quicker pace. Fortunately, if you enjoy working with people, are honest, and can learn to communicate clearly, then you will have a heads up in this department.

Real Estate Passive Income

In the November issue of the Rich Dad newsletter, we will discuss rental income dealing with single-family homes, and in December, commercial real estate and apartment buildings. All of these areas are powerful tools to create passive income. For example, if you own 20 units that generate an average of $200 per month of positive cash flow, that would create $48,000 in annual net cash-flow. It is easier than you think to get to this point. Next month’s article will contain a step-by-step guide on how to get to this point.

$48,000 annually may not seem like the answer to make all of your dreams come true. However, I dare say that it is far more passive income that you currently enjoy. It could also serve as the foundation to escape that rat race so you could devote extra time to building additional cash flow and true wealth. Whatever you do at that point would be your decision, which is the point we all want to reach in our quest to escape the rate race. 

http://www.richdadeducationblog.com

Internet Trend

What up! What up!


     I wanted to share this video that was taken at the Web 2.0 Summit 2011 in San Francisco. I feel it's very informative and will give all of you insight on where the Internet is trending towards. Not only in the United States but all over the Globe.


     Sit back, grab yourself a glass of water, and pen and paper to take notes. After the video, you will see the power of how the Internet will help you and your business. Whether it's real estate, Internet marketing, or any business for that matter.

Invictus by William Ernest Henley

Out of the night that covers me, Black as the Pit from pole to pole, I thank whatever gods may be For my unconquerable soul. In the fell clutch of circumstance I have not winced nor cried aloud. Under the bludgeonings of chance My head is bloody, but unbowed. Beyond this place of wrath and tears Looms but the Horror of the shade, And yet the menace of the years Finds, and shall find, me unafraid. It matters not how strait the gate, How charged with punishments the scroll. I am the master of my fate: I am the captain of my soul.

Power of the Internet

What up! What up!

     I thought this would be a good follow up from my last post. Next to my real estate business I also have an online business that helps me earn extra money on a monthly basis. This article will give you a little insight on how this is possible. Not too many people know about Internet marketing and this should give you a better idea how. Enjoy and God Bless!

How To Flip Websites, Make Clickbank Cash, and Make Serious Dollars With Google Adsense

Need a little extra cash in these tough economic
 times? If so, then you may have just found a gold
 mine, because this article will show you ways to
 make money from your home, and with virtually no
 expense to you!

 Make Money Flipping Websites

 Ever heard of flipping houses? Flipping websites
 is basically the same process, only WAY cheaper
 and faster!

 Here's how to get started:

 1. Buy An Existing Web Property- Sites like
 Flippa.com, forums.digitalpoint.com,
 Sitepoint.com, and many other online website
 auctioneers have plenty of them.

 2. Fix Er Up- Do a little research on the
 website's niche, and then figure the best way to
 make the site better. It varies based on site, but
 sometimes just fixing up the theme or adding
 pictures (royalty free images at iStockphoto.com
 for cheap) can drastically help.

 Another thing you could do is add an interactive
 forum. You can create one using web forum software
 like Vbulletin.com. Or you could build a
 subscriber list by adding an email optin form,
 which you can create with free services like
 Mailchimp.com. The more subscribers or active
 members in the forum, the more you'll be able to
 sell your site for later!

 3. Flip It- Now go back to an auction site and
 sell the site for more than you bought it for.
 Expect to buy basic, but decent looking sites for
 $20-$50, and sell them for $100-$300!

 How to Make Clickbank Cash

 Clickbank.com is basically the number 1 place for
 ebooks and digital download products. For
 potential buyers Clickbank is a great way to find
 good, usable information on pretty much any topic
 you can imagine--from dating advice, to health
 advice, and a ton more.

 For affiliates like yourself, Clickbank is a
 great way to make cash. Here is how it all works:

 1. Sign Up and Do Some Product Research - To
 start, you will need an account. That's easy to
 get, just sign up at Clickbank.com. Then you
 should start researching a "niche". Focus on
 something specific. For example, instead of just
 "golf" try finding a product on "stopping golf
 slices".

 2. More Research, Get Links - Once you've done
 some initial market research and found a few,
 specific products, narrow it down to your top 1 or
 2. Review the sales page, and check out the
 Gravity of the product (Gravity basically
 indicates what is selling right now). Usually, the
 higher the Gravity, the better the chance you have
 to make a sale.

 Try out the product yourself if you can, and
 always ask for review copies. Talk to the vendor
 himself. If the vendor isn't professional and
 responsive, then that may indicate its not a very
 good product to promote.

 You want to make sure people who buy from them
 (through you) are satisfied. After you know your
 winner, get the affiliate link by following
 Clickbank's easy to use instructions located in
 the "Clickbank Marketplace".

 3. Promote!- Finally, you just need to promote
 your new affiliate product. One of the best ways
 is writing articles about your niche topic, and
 then posting your affiliate link in the resource
 box.

 But if you want more exposure, create an email
 list, and promote it to the list of interested,
 targeted subscribers. You can also join forums in
 the niche, and have a signature link to your
 website. Don't be spammy and constantly try to
 sell in forums. Rather, just be yourself and try
 to be as helpful as possible.

 Make Serious Dollars with Google Adsense

 Not interested in selling? Don't worry, there are
 ways to make money without selling a thing. One is
 Google Adsense. Ever see those ads on the side of
 Google or in the side panel of a website? That's
 Adsense.

 Basically, you just have to direct visitors to
 your site, who in turn click on those ads
 displayed within its pages, and you get money!
 Here's the skinny on Adsense:

 1. Set up a niche website with Adsense - Choose a
 niche, get a domain, then sign up at Adsense.com.
 Get a free blog from Wordpress.org.

 2. Be Informative- Fill the blog with interesting
 content by writing articles, posting youtube and
 other videos, interview experts in your niche. The
 more interesting your articles and videos, the
 better.

 3. Promote- Get traffic back to your site with
 social bookmarking, social media, ping
 directories, article and RSS feeds, etc. The more
 you promote, the more traffic you get, which means
 more money, how sweet is that?!

 4. Get Paid- Finally, add Adsense to your blog!
 You can really do this at any time, its not hard
 and there are even plugins if you use Wordpress to
 manage the ads. Make sure you place your ads in
 highly visible positions on your site. The higher
 your click-through-rate (CTR) the more you stand
 to make!

 Extra: As mentioned above, you can even sell your
 site if it starts making you money with Adsense.

 So now you have an idea of what you can do to
 make money online. Feel like you've got a good
 chance? I hope so, because creating wealth online
 is very straightforward, just choose one of the
 methods above and get to work!

 ***********************
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 revolution that's helping people like you to start
 their own dream business, create absolute
 financial freedom, and escape the rat race for
 good, faster than they ever thought possible.

 Click the link below right now to learn how you
 can join the new class of "lifestyle
 entrepreneurs" and make a full-time Internet
 income, or even generate millions of dollars
 working online from any coffee shop, anywhere in
 the world

Click Here "Coffee Shop Millionaire"

Keep Your Head Up!!

Whats up!

     You know I was on the Internet late last night surfing the net and trying to gain some ideas on business and just life in general. As I was surfing I started checking out all the news sites like CNN and MSNBC. Then I realized that there are so much going on in the world today. Especially here in the United States with many people losing their homes and jobs, its a really tough time right now. Believe me I know. I was part of those home owners that lost their homes. It's not a easy thing to handle, especially when you have a family. But I have been able to overcome the obstacle placed upon me through prayer and determination.

     You see in my life I've learned that the way to achieve anything in life is to have the right attitude and mindset. I trained my self to stay positive, have the right attitude and believe things will get better every single day I get up from bed. I believe that God has blessed me with another day of life to move forward and be thankful for every breath of life he has given me.

     You need to wake up and believe that you will have great day. Stay positive and know that good things will happen to you. Believe that you will find a job today, believe that you will get a raise, believe that you can overcome anything life throws at you. Having a positive attitude about work, home, relationships, business, and just life will start to attract positive vibrations through out your life. This will not only benefit you but it will definitely will have an effect with everyone around you.

     Times are tough for so many people out everywhere. For those of you who are going through hard challenges in life right now, I want you to Keep Your Head Up! It's not going to be like this forever. Think about all the challenges you have overcome in your life and use that to light that fire in you. You have the power to change your life. Don't give up! Stay positive and believe that things will get turn around.

     Every time you wake up from bed, stand up and take a deep breath. You are alive, breathing, and tell yourself, "today is going to be a GREAT day!"

God Bless

Top 6 Strategies With Website Real Estate Lead Generating By Jeff A Deveau

As a real estate professional, having your own website that is the source of critical information to property stakeholders can be a win-win solution. For your target market, it provides them helpful insight into their home search; for you as a realtor, the website can also serve as your real estate generating strategy.

According to a study conducted by a realtor association, people who are interested in making a real estate purchase will visit an average of 4-5 sites as they look for properties. This means the web is now a primary platform for getting real estate information - from home searches, to market value appraisement, to updates on the industry.

This trend in market behavior has thus created a new line of real estate generating techniques that make principal use of the Internet to connect with new contacts and possible clients.

However, in this modernized strategy as with traditional approaches, they key is getting not only an extended contact base, but acquiring connections with the ones that have a high rate of closure ratio. In other words, what you're looking for are quality contacts, not just quantity.

Having websites that offer free services such as emailed search services, comparative market analysis, multiple listing, mortgage calculator, industry updates, market value studies, and other information is a sure way to attract the most serious buyers to your site. When they sign up with their personal information or perform a property search, you get to connect with them with a perfect-fit answer to their questions.

Why Real Estate Generating Goes FTW (For The Win)

That's right, take note of that FTW abbreviation! As long as you'll be learning more about the dynamics of Internet use, you might as well be an expert with its codes and languages. Here are some of the most prevailing reasons why your website can be your portal to success.

1. You own the lead. Since you own the website, the membership sign-up data, search queries, comments, and other visitor activity is delivered straight to your inbox. You get unlimited leads that were referred by no other middle agent.

2. You are in control. From the website content to visitor tracking, you have access to the data and all decision-making regarding it.

3. You have exclusivity. The contents of your website determine the location or area you will be serving, channeling all interested parties to your domain.

4. You generate your own leads. Merely buying leads versus generating your own through your website is akin to the proverbial metaphor of giving someone fish versus teaching him how to fish. Getting one lead is good, but having an unlimited number at your disposal, depending on how you work for it, can serve your whole career.

5. You adapt to current lifestyles and give the market what it wants. Fast, real, and comprehensive information at convenient disposal is what made the Internet big, and it will also the kind of quality your name and brand will be known for.

6. You provide value added services. You're not merely presenting a sales pitch, you are providing your potential clients real, helpful assistance to the one of the most important decisions in their lives. That's the kind of service that can create lasting relationships.

Article Source: http://EzineArticles.com/6599086

Men of the House

What up what up!

I wanted to share a video of an inspirational comedian by the name of John Gray. Over the weekend I attended the Men Conference at my church. This man spoke at the Mens Conference and I he not only inspired me to have faith in our Lord as a father, husband, son, and a man but he had me rolling out of my seats at the same time.

In this video he is speaking during our Sunday service.

Enjoy and God Bless!