Due Diligence & Analysis
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Due Diligence & Analysis
Why Invest in Real Estate?
What type of RE Investor are you?
•Beginner? No Experience at All
•Intermediate? Done Some Deals
•Advanced? Living Off Your Real Estate Investing Efforts
• Due Diligence Checklist• Understanding a Title Report• How to Do Your Own Title Search• How to Analyze a Deal• Organization & Automation
What to Expect?
About Laura
Real Estate Investor and Mentor
Developed Several Real Estate Strategies
From Personal Experience
Started REI 1987Licensed Real Estate
Broker
My Reasons Why …
My First Year in Real Estate Investing
US Housing Forecast
Analyzing a Deal
Asking Price $79,900
Comparables in the area$95,000 (Quick Sale) to $119,000 (High Wholesale)
Offer price($95k+$119k)/2 x 70%=$74,900
if $15,000 rehab needed($95k+$119k)/2-$15,000 x 70%=$59,900
Use OPM to flip it
Profit potential (after closing costs) $18,000
Rule of 70
Take Massive Action
They took Massive Action!
BMWInvestProperties.comDonna Wilson
KC, Missouri
“With Laura's supervision our company has made it to another successful close. How would $53,254.26 change your life?We are very passionate about what we do! Having a good mentor makes all the difference.”
“I met Laura and joined her coaching in 2011. I am glad to say that 2013 was a phenomenal year for me! I profited about $280,000 by wholesaling in Florida and Texas. I had joined other coaching programs before, but this is the first time I met a coach that fully supported and helped me break through!”George GalvinFort Lauderdale, Florida
Due Diligence Checklist
Part 1 – Buying Process
• Select a real estate professional and a title company to work with• Financing properties – mortgage, private money, hard money, seller financing (Buy & Hold)
Part 2 – Escrow and Due Diligence Starts as Contract is Accepted
• Financing Contingencies and Setup (Buy & Hold)• Home Inspection (Buy & Hold)• Appraisal (Buy & Hold)
Due Diligence Checklist
Part 2 - … continue
• Seller Disclosures (“As Is” if Wholesaling)• Lead Based Paint • Title Work and Due Diligence – Abstract and Insurance• HOA Documents Review• Property Insurance (Buy & Hold)
Part 3 – Closing
• Closing Day – Wiring Funds & Transfer of Title• Property Management Consideration (Buy & Hold)
Essential Team Members
Wholesaling
•Real Estate Agent – Investor Friendly•Title Company •Transactional/Hard Money or Private Lender •General Contractor (for work estimate) or the Construction Estimator App
Essential Team Members
Buy and Hold
•Real Estate Agent – Investor Friendly•Title Company •Hard Money, Private Lender, Owner Financing•General Contractor•Building Inspector•Insurance Agent
Recorder of DeedsLiens: Mortgages, Federal & State Income Taxes Liens, Sewer, Water, Judgments, HOA (Homeowner’s Association,) other property documents history
Collector of RevenueBack Property Taxes and Tax Liens
Tax Assessor’s OfficeLegal property ownership, legal description, parcel/plot#
Building Inspections OfficeBuilding violations and inspections
How to Do Your Own Title Search
Forestry DepartmentCutting Grass Fees and Board Up
Sewer Service DepartmentSewer service and bills/liens
ComptrollerCity liens - unpaid taxes and fees
Clerk’s OfficeMechanic Liens (filed by contractors for unpaid work)
HOAIf the property is in a subdivision or a condo development, there are probably Homeowner’s Association Dues
How to Do Your Own Title Search
3 Week Action Plan
Week 1
Set your Goals• Decide one strategy to pursue and
geographical area
Get Title Co & Financing in Place• Transactional or “Dry Closing”
Set up Business Entity
Assemble your Team
Week 2
Start Building your Buyers’ List
Contact & Survey your Buyers’ List
• SurveyMonkey.com• 4 Questions – What, Where, When,
How Much
Look for Properties matching Criteria
Week 3
Write Purchase Contracts
• At least 3 a week
Devise a Tracking System – Follow Up
Set up a One Page site and Market to your Buyers’ List – Laura’s Strategy• Postlets.com
“Rule of Thumb” Profit Potential
Wholesaling $5,000+
Assignments $2,500+
Profit Potential
$10,
What is Your Number?
Profit Potential$10k to $15k per month?
1 or 2 Wholesale Deals
$20,000 a month or more?2 Wholesale DealsAdd Buy & HoldSyndication
Recent Success Story
Why Investing in Real Estate Now?
Fortunes are Made in a Recovering Market
Low Cost of Starting a Business
92% of the Money is made in Real Estate
80% of Net Worth is from Real Estate (Census
Bureau)
Rapid REI Riches
•4 Weeks Intensive Online Training
•Plus … 1 Bonus Week
Bootcamp
•100% Funding up to 360 days (“Soft”)
•60-80% ARV for 2 years (“Hard”)
•No Credit or Income Verification
Funding Partners
•6 months Email Support
•6 months of One on One Coaching Calls
•6 months Step-by-Step Training Site
•Tools and Resources
•** NEW – Online Mastermind Sessions
Coaching
Rapid REI Riches
BootcampModule 1 – Week 1 Business Organization and Team Development Real Estate Business Flow Mindset of a Successful Investor – A Strategic Plan Module 2 – Week 2 Building a Qualified Buyers’ List and Exit Strategies How and Where to Locate Distressed Sellers Negotiation Skills and Role Playing
Module 3 – Week 3 How to Analyze a Deal and Submit Offers Setting Up Financing – Funding Resources
Rapid REI Riches
BootcampModule 4 – Week 4 Wholesaling and Virtual Wholesaling Strategies Buy & Hold – The Complete Plan
** Module 5 – Bonus Week 5 (sign up in the next 60 minutes) Business Automation Marketing Secrets – Online and Offline Bonus “Unknown” Strategies
Tax Delinquent Abandoned Properties Reverse Short Sales Court Filings How to Do Your Own Title Search
3 Week Action Plan – Make Money in Less than a Month!
Investor Support
6 Months Email Support
6 Months One on One Coaching Calls
6 Months of Online Training Site, with Access to Forms, Resources, Step-by-Step Tutorials
Weekly Accountability Follow Up Members Only Mastermind Meetings & Forum
Funding PartnersAvailable only
to participants in program
Asset Based Lending “Soft” and “Hard” Money Lenders Partners
100% Funding on Wholesaling up to 1 year
60-80% Funding on Rehabs up to 2 years
No Credit or Income Verification
Coaching Tutorials
Resources
Real Estate FormsAdvertising ScriptsReal Estate Financing (Financing Placement)Hard Money Lenders, Proof of Funds Letters and Transactional FundingReal Estate Calculators and ToolsReal Estate ProfessionalsReal Estate Marketing StrategiesWebsite Templates Grants DirectoryREO Banks Directory… and much more
>> Today Special Price <<
$997
Financing Plans Available
Total RE Investing Program
Lease Options & “Subject To” Complete Program
(Value $197)
Fast Action ... Bonus
BONUS!Only If You Sign Up Today!
How to Raise Private Money Now(Value $497)
Fast Action … Bonus
** NEW Course Module **Only If You Sign Up Today!
Quick Start Coaching Consultation(Value $250)
We Develop a Personalized Plan Together!
60 Minutes One on One
Investor Support
6 Months Email Support
6 Months One on One Coaching Calls
6 Months of Online Training Site, with Access to Forms, Resources, Step-by-Step Tutorials
Weekly Accountability Follow Up Members Only Mastermind Meetings & Forum
12
12
12
>> Today Special Price <<
$997
Financing Plans Available
Total RE Investing Program
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