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This was going be be covered in the class I took but he never showed us how to do it.

If you can sent it to me I will. Thank you Eric

Eric wrote

Do you have access the advisory line? The question about how to fill out contracts can be a little involved so it would easiest to talk about it. so call us if you can. If not just reply and let me know and we can figure something out.

Where do I access the form letters ? Particluarly letters to owners in pre-foreclosure?

Are you allowed to conduct this work without an LLC and what is the reason for an LLC

Hello,

Is there a post/video on here that shows how to fill out the Purchase Agreement/Lease Option contract when buying "Subject-to"?

Thnaks!

Tom

I hear that in order to build a business's credit there are tier 1, tier 2, tier 3 and tier 4 vendors (credit providers) like Office Max is a tier 1 and Home Depot is tier 2. If one doesn't get skips to 2 or 3 before getting tier 1 credit, it actually hurts the credit building process. So, can you or someone give me a list of what vendors fall into what tiers - who these providers are in each tier?

Thanks

I'm reading -30 days to real estate cash. Pg 23. (bottom of page) says to "watch the blueprint page #1 video with Matt and me." What/where is this?? Thanks in advance.

Hope this isn't too lame a request. Just trying to follow instructions.

Do you have access the advisory line? The question about how to fill out contracts can be a little involved so it would easiest to talk about it. so call us if you can. If not just reply and let me know and we can figure something out.

Hey send me a private message and give me your email address. I will then send you some letters or examples of letters you can send out to those people.

Yes you can do this business without having an LLC, However the reason we want and LLC is so that you can have asset protection (makes it harder for people to sue you) and also having an LLC gives you tax benefits and write offs.
So that is why we recommend having a company set up.

Do you have access to the education center or the advisory line? If so we have a video or you can call us and talk to us about it. Again this is something that is easiest to talk about over the phone. So please call us or let me know if you cant and again I will find out a way to help answer your questions.

Have you all see the contracts and things we have on this site?

My husband wants a divorce and we jst refinanced our home the end of 2012. Neither one of us can pay for it alone . I just lost my job of 23 years in November and I am sooo ready to get on with my life, but I love my house and I really dont think there is any equity in it what should I do ? What would you do? Please help. thank-you so much sincerely, Teresa

Hello everyone
Desperate need of help to complete the understanding of the IEE system .I'm located in California , No cash and no good credit and i heard that assigments of contracts are not allowed so I decided to try IEE systema and birdogging. I now have some cash buyer in my list and a list of properties I'm going to work so I can complete my first deal, my first language is Spanish and I have trouble with the Investor Disclosure statement part :

'This sale shall be contingent upon the investor finding a buyer that shall qualify for financing according to accepted criteria of___________ and its funding sources' I have asked to people who speak only english and they dont know or dont understand what goes in this blank line.
I also need to find the OPTION TO PURCHASE REAL ESTATE AGREEMENT refered in the book because the website link in the book is a purchase agreement and I think the one for this system is an Option agreement.
PLEASE HELP

I found it after I signed on for the insider elite (which you can do by clicking above on make life coach appt now). You can have a month trial for $39.95 and it has been soooo awesome for me! Hope this helps!

Take care
Mel

Hi all
I am from Alberta, Canada and there is alot of oil money here and no rental properties. I have been hearing the same message from many relators and I am wondering what is going to be my best strategy to help this problem find a solution. I am just getting started and am preparing for wholesaling so should I be looking for buyers that want to buy, fix and hold to tap into this huge market? Any suggestions for this newbie?

Sorry Rick but I am not sure how to help you on that one. I can just help with things evolving real estate.
The only thing I have heard of with what your talking about it credit card companies and banks but people into different tiers depending on their credit score. I dont know about what vendors would have different tiers or what they are.
I tried looking on google as well but could not find much info about that.

Sorry about that

I am sorry to say that the video is no longer on the website. I just tried to find it but they have taken it down. I believe it is because he is making a new updated video for this year.

Sorry about that. If I am able to locate it again I will defiantly let you know

Do you guys have any equity at all or would you even be able to sell if for what you guys owe?
if you can sell if for what you owe then either you will lose a little money when you sell or there are other options that you guys might be able to consider.
for one you guys could seller fiance, rent, or lease option the property. If you dont want to even deal with the property period then you might have to go through a short sale with the bank.

let me know a little more of the situation or what you want to do and I can give you some direction.

So first off just so you know you CAN do assignment of contract in Cali no problem. We have people do them all the time unless they are bank or government owned properties.

second where did you get that contingency sentence and in what situation are you using this? what we would put in the blank would be your company name that you are making the offer in but again tell me where you saw this or why you are using it.

on the home page of this site you will see on the left hand side under "student resources" it says forms and docs. In there you can get a lease option agreement or if you want a Purchase and sales agreement. (they are 2 different things)

It might be best to find people who want to buy, fix and then sell or flip.
the problem you guys have in Canada is that your real estate values are still very high but the rent for the properties is not high enough to get a good enough return for what your paying for on the properties.
So either look at multi unit properties for the investors that want cash flow or just focus on the investors that want to flip properties.

I'm having real challenges working with realtors or one that will work with me. Many have said it can't be done. They have noted Washington State has many laws and regulations that make it difficult to do assignment of contract and double closings (short sales or REOs). They also stated the statement “no assignment of contract clause in the realtor’s sales/purchase contract. Something that seems odd. In any case, it would be nice to speak to a coach who is familiar with the Washington statues and can advice me in using the noted strategies and/or provide recommendations.

A realtor who has "no assignment of contract" clause in thier S/P contract just doesn't want to share the wealth. Just politely wink at them and walk away. I found an office full of realtor brokers (4) who are actively involved in working with investors like us. They share an office with a mortgage broker, who is also an active investor themselves. Just keep looking. You'll find one.

Carl

Hi Coach that is so wonderful of you to reach out and the blesssing you will get will be many( never seen any thing like this, its awesome), wishing you success, Jim

If you can sent it to me I will. Thank you Eric

Hi there--I keep asking this question but NO ONE seems to give me an answer (as of yet)...maybe you can answer this for me. My cousin has become a sort of "silent 2nd partner" as of late in my real estate journey--however he recently told me that you can purchase houses for $1! Now I know there was a lot of homes that were sold for $1 years and years ago but I didn't think due to the fickle nature of the market they still existed. Does the $1 house still exist--and if so, what are the "hidden parts" involved in purchasing them? Also, do you know of any restrictions on an individual owning a house AND being on SSI? My cousin said that a person that is collecting SSI cannot own more than $2000 in total assets--if they do, they have to sell those assets before they can have their payments reinstated. Any info you could give me on that would be appreciated. BTW, I already have plans in place to nullify the issues with the SSI issue but I told my cousin I would try to find out. Thanks in advance!!

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"Nay, in all these things we are more than conquerors through HE that loved us..."Romans 8:37

"You can be discouraged by failure - or you can learn from it. So go ahead and make mistakes. Make all you can. Because, remember that's where you will find success. On the far side". - Thomas Watson, Sr.

I just heard that I can be doing deals in the US while living in Canada? How exactly does that work? I would get started on that ASAP if I knew how to do it. I have many friends in the US already and could possibly start highing bird dogs to look for deals. Any suggestions and how I could learn to do this legally would be awesome! Thanks, Mel

Let me just tell you that is just a miss communication somewhere between either you and us or you and the agents. The reason I say that is because assignments and double closing work just fine in WA but if you are trying to assign a contract that is either a bank or government (REO's, short sale, fannie mae, freddie mac and HUD) owned property then that is correct is saying you can not do that with those types of properties. Also if it says in the contract that you cannot assign it then you cannot assign it.
However! I need you to be careful with what you are reading because in the REPC contract for utah (where I live and do deals) it has a clause in it saying something a long the lines that I cant do assignments but when I looked into if further with the actual broker he told me "oh dont worry about that you can still assign". So be a little careful but we should be ok to do those things in WA

Oh well if you want just the contracts the go to the home page of this website. Scroll down to where you see "student resources" then click on forms and docs. I normally use the purchase and sale agreement for getting properties under contract. take a look at it and see if it makes sense to you. If you are still having problems let me know and I can help you more on how to fill out the contracts

Ok so first question I have is how many 1$ homes has your cousin purchased?
I have not seen houses that you can get for a dollar unless we are just saying 1$ of your own money and the rest was some other persons money. Where technically you only paid a dollar but were able to make money.
If you cousin knows really where to get 1$ properties tell him to talk to me because we could get something going an make tons of money.

The only place I have seen where it says you can get properties with a 1$ no reserve is on a website called www.bid4assets.com When you get to that site it says on the left " 1$ no reserve auctions"

so check that out if you would like.

Yeah we can get you investing here in the US no problem, but since you live in Canada there are a few things you need to do.
If you want to make offers on properties you will need to set up a company here in the US. That is the only way you can do unless you have the people you know here in the US make the offers in there name and later promise to pay you.

So those are your options. If you need help with setting up a business then let me know and I can at least refer you to a company that does it for Canadians because I cant set one up for you.

Talk to you soon