Monday, December 28, 2009
Demand for Mortgage Loans
When there's high demand for mortgage loans, you can make extraordinary profits by findingprivate loans and passing them on to borrowers. This isn't for everyone; that's why there's somuch profit in it. Don't try to do this until you have mastered the use of a financial calculator. The heart and soul of the money business is to be able to accurately calculate yield, payments, number of payments until the loan is paid off; and both the present value and future value of any financial arrangement. The HP 12C financial calculator has become as common in the "paper" industry as a claw hammer is in construction. Buy one and study the instruction book that comes with it. Be able to use it before you start making loans. Once you've learned to do this, you're ready to turn into a mortgage lender.There are all kinds of borrowers in the loan market. When you buy a diamond, the four "Cs" of valuation are Color, Clarity, Cut, and Carats. When you lend money, the four "Cs" you should internalize are Character, Collateral, Capacity, and Cost. Once in a spate of uncontrolled greed,I bought some discounted Notes secured by used cars from a dealer in Washington, DC. Theywere purported to yield 65% per annum. He guaranteed them personally and corporately. Whenthe smoke cleared after his bankruptcy, there was no money left to pay me. I learned from thisthat no matter how high the calculator says the yield on an investment will be, it drops to zero when I don't get paid. The lesson: Buy Notes cautiously.Just as you might have looked for motivated sellers and buyers, you should also be looking formotivated borrowers who need to money to avoid foreclosure of their homes and repossessionof their cars. Don't allow sentiment to overcome caution. Make it a practice to only lend moneyto those who have demonstrated their integrity; who will pay on time; and who can handle theircombined total loan payments. Until you gain some experience, start with FICO scores above 700 or so, and loan to value ratios no higher than 60% of YOUR estimate of value on houses that you would eagerly buy for the money you're lending. This way, you can't be hurt.Often sellers who need cash have a buyer for whom, in order to make a sale, they must carryfinancing. By guaranteeing to buy sellers' loans at a discount so long as they meet FHA underwriting standards, you can help sellers, buyers, brokers, and escrow companies, so long as the yield is high enough to attract investors. The seller may wind up with less, the buyer may pay more, and the broker may cut his commission, but all will be better off than before.Where does the money come from to fund all this financing? From investors and from companiesthat buy discounted mortgages. They are beginning to emerge again and I am beginning to be offered good mortgage loans. So far the yield rate isn't tempting to me, but as it climbs, money will be attracted from a number of sources. Twenty-five years ago an innovative guy named Mike Meeker developed a terrific loan buying and selling system. He put himself squarely between the sellers and financial companies who wanted to invest in high quality mortgages. Let's say that he negotiated a 12% annual yield on a $100,000 Note, and then sold it to a small insurance company to yield 8%. Without any more information, you can see $4000 per year in yield that he picked upwithout any investment at all.To Your Extreme Success.
Wednesday, December 23, 2009
UNLIMITED Proof of Funds
Here’s some of what we’ll show ‘n tell on the call tonight…1. How to buy & sell foreclosure properties without money orcredit… without repairs, tenants or the usual hassles.2. You’ll have access to unlimited Proof of Funds Letters,available without waiting, 24/7.3. You’ll have instant access to low cost transactional (flip)funding on an unlimited number of deals. (The “One-Day Dough Man”will be your “bank” and fund ALL your deals for you. There are NOcredit apps to fill out… your credit does NOT matter at all! Justlet the “iFlip” system find the deals for you and then simplyrequest the funds to close it.) Note: You should get on the call (webinar) tonight just to getinstant access to this UNLIMITED funding source for all your deals.4. How to get your deals SOLD to investor-buyers in one or twohours with a click of the mouse!5. You’ll systemize your business using his proprietary turn-key,hands off, virtual investing tool. (I can’t wait for you to seeand use this thing… it finds you deals and then SELLS those dealsfor you! It’s truly amazing.)6. You’ll get a detailed, step-by-step home study program on audioCDs and a training manual.7. You’ll get 3 full months of personal support and mentoring fromthe “One-Day Dough Man.” (Keep in mind, he’s made millions and hasdone hundreds of deals. So, in addition to funding your deals foryou – and giving you the system that finds them… he will also giveyou 3 full months of personal e-mail access to him and his 16+years of real estate wisdom.)8. You’ll get access to his secret REO vault where you’ll findthousands of REO deals at your finger tips – updated daily. (Thisis in ADDITION to all the deals his “iFlip” will find for you.)9. He’ll give you his personal “Road Map” (the one he uses) to geta BIG check within the next 17 days (and he’ll fund this deal foryou!). He’ll show you a detailed, step-by-step “case study” of adeal he just did that paid him $50K in less than 17 days.)10. He’ll show you how his proprietary system can QUICKLY andEASILY get you paid on 2 to 3 deals (within 2 to 3 weeks) earningyou a minimum of $15K per deal. (He goes through each step ingreat detail… be prepared to take lots of notes.)11. How to get UNLIMITED proof of funds letters, customized forYOUR offers!12. How to find the best, most profitable bank-owned deals in yourarea, and get them before your competition even knows they exist! 13. How to safely and legally fund deals -- without credit or evenborrowing a single nickel!14. How to build a big, powerful BUYER'S LIST to sell all yourdeals to... on 97% automatic pilot! 15. What are “Pre-List REOs” and why these are the best (and only)REO deals you should focus on. Plus… how to have “Pre-List REOs”found FOR YOU (step-by-step). (Very, VERY FEW investors know what“Pre-List REOs” are… but you will after the call tonight! And youcan start getting paid on them.)
UNLIMITED FUNDS
I think I have discovered the quickest and easiest way in the worldfor you to find deals… sell your deals… and get all your dealsinstantly funded (guaranteed)!My new friend, the “One-Day Dough Man” is going to set you up withhis proprietary “iFlip” system that does everything for you… ANDhe’ll even give you the money to fund all the deals it finds foryou. (He’s a MULTI-millionaire investor with 16 years of experience… andhe’s got a pile of money that can fund ALL your deals!!)Listen to what one of his student’s, Fereydoon Safai, has to say…
“We closed our Short Sale flip deal today and I’m writing to saythank you! We couldn’t have done it without you. We netted justover $40,000 and without your funding, we wouldn’t have made adime.” It will only take you about 7 or 8 minutes to get completely up andrunning with his TURN-KEY system. And once it starts finding dealsfor you… the “One-Day Dough Man” will give you the money to fundthose deals… almost instantly!You read that right, the “One-Day Dough Man” will set you upturn-key to…FIND your deals! The “iFlip” system he gives you does this for you.FUND your deals! He will instantly give you a “Proof of FundsLetter” and provide you with the actual funds to close all yourdeals fast. (He guarantees to fund your deals even if you arebroke and/or have bad credit!)FLIP your deals to a large group of investor-buyers! Again, hisproprietary “iFlip” System (that he give you) does this for you…with a click of a mouse! A lot of his deals (and his student’sdeals) are sold within an hour or two!PLUS… You’ll get 3 full months of personal access to the “One-DayDough Man”… in case you have questions about closing any of yourdeals! TONIGHT you’ll find out how you can get and use his entire system(for FR€€)… get it set up for you in just 7-minutes or so… and haveinstant access to UNLIMITED FUNDS for every deal you do with thisturn-key system. (And you should know he will NOT be doing dealsplits with you… so YOU keep ALL the profits!)It doesn’t get much better then that and on tonight’s trainingwebinar the “One-Day Dough Man” is going to show you his exact12-step process to cash big fat checks in the next 17 days… usingHIS money!
“We closed our Short Sale flip deal today and I’m writing to saythank you! We couldn’t have done it without you. We netted justover $40,000 and without your funding, we wouldn’t have made adime.” It will only take you about 7 or 8 minutes to get completely up andrunning with his TURN-KEY system. And once it starts finding dealsfor you… the “One-Day Dough Man” will give you the money to fundthose deals… almost instantly!You read that right, the “One-Day Dough Man” will set you upturn-key to…FIND your deals! The “iFlip” system he gives you does this for you.FUND your deals! He will instantly give you a “Proof of FundsLetter” and provide you with the actual funds to close all yourdeals fast. (He guarantees to fund your deals even if you arebroke and/or have bad credit!)FLIP your deals to a large group of investor-buyers! Again, hisproprietary “iFlip” System (that he give you) does this for you…with a click of a mouse! A lot of his deals (and his student’sdeals) are sold within an hour or two!PLUS… You’ll get 3 full months of personal access to the “One-DayDough Man”… in case you have questions about closing any of yourdeals! TONIGHT you’ll find out how you can get and use his entire system(for FR€€)… get it set up for you in just 7-minutes or so… and haveinstant access to UNLIMITED FUNDS for every deal you do with thisturn-key system. (And you should know he will NOT be doing dealsplits with you… so YOU keep ALL the profits!)It doesn’t get much better then that and on tonight’s trainingwebinar the “One-Day Dough Man” is going to show you his exact12-step process to cash big fat checks in the next 17 days… usingHIS money!
Short Sale Packages
I just witnessed an amazing short sale software thatis making me totally RETHINK our business. It's THATpowerful. Because you know I love AUTOMATION and HATE WORK!I'm talking about things that are so systemitized youalmost can't believe your eyes when you see it.Things like:* Banks, Realtors, and Homeowners communicate from one central access point.* Individual log-ins by seller and Realtor allow for increased transparency of the transaction.* All necessary documents are automatically processed in the correct fashion, accelerating response from lenders.* Electronic transaction and offer submittal tools streamline the decision making process, shrinking transaction timeframe from traditional submission techniques.* Short Sale Calculator creates greater understanding of the loss attributable to the lender, and helps increase approvals by eliminating low ball offers that won't get accepted anyhow.* Creates an easy to manage paperless transaction designed for easy client management of a large number of files.* All short sale packages are compiled automatically with lender names and loan numbers on the top and bottom of each page, along with an easy to follow table of contents for fast and easy assimilation by the lenders triage departments, thus avoiding potential delays of missing or missed documents. And those are only a few things... I mean when you seethis system in action you're going to freak out!Man.. I SHOULD probably not even be letting thecat-out-of-the-bag on this, but I want you tosucceed THAT MUCH. Don't let me down and notregister for this call, ok?
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