One-on-one lifetime coaching and mentoring
Unlimited Client TeleConferencing (we "sell" your sellers, buyers and their advisors)
24-Hr Q&A Hotline
Free legal and accounting advice and Q&A
Free "re-tread" workshops (i.e., members attend all future NARS events for free)
50% discount on facilitation, documentation, trustee-acceptance and collection fees
Website discussion group with access to the Members-Only site (Members-Only site includes national membership list, national cash investor's list, archived Sat. AM sessions and newsletter, and Deal Maker's Forum)
Free conferencing or seminar line (e.g., hold your own 150 person call-in seminar, or 3-4 person conference)
One-year 100% Success Guaranty (The voluntary OCS program - 10X your materials cost in a year, or your money back)
20% discount on corporation and LLC setup (via MyCorp.com)
Weekly Sat AM TeleConferencing workshops (9:00 AM, PST)
Cash partnering (if you have the deal: either we have the cash or a member does)
Ground partnering (if you have the cash and find a property out of your area, we have members in all states who will partner with you and handle all "ground work" for a part of "the action"
Bi-monthly newsletter
Free Adtrakker line for your toll free ad response screening (i.e., they hear your recorded message and then call you if qualified to you specs).
Free AdBlaster line for your pre-recorded "cold calls" to sellers of homes
Free comps and property profiles
No renewal fees
No mandatory tranaction participation AND...the full NARS Quick-Start Success Pack is included with your memership at no additional charge.
Sunday, April 13, 2008
Saturday, April 5, 2008
(Note: Date change!)
Thursday, May 29th thru Friday, May 30th PENSCO: IRA Investments - NARS presentation by Pete Mendenhall
Location: Dallas, TX
Location Info: (Note: Date change!)
Location: Dallas, TX
Location Info: (Note: Date change!)
Friday, April 4, 2008
BILL GATTEN'S LANDTRUST WORKSHOP
Thursday, June 12th thru Saturday, June 14th 2.5 Day Workshop
Location: Dallas, TX
Location Info: Event Venue: North Dallas hotel.
Description: NOTE! This event begins on Thursday and not on Friday. Sign up now and save $150! Normal seminar pricing is $297, but if you pre-register 1 week prior to the event or are a licensed Realtor, you can attend for the unbelievable price of $147. (Group discounts are also available. Call for details; 1-800-207-4273)
Click here to RSVP
Time: Thurs: 6pm-9pm, Fri: 9am-9pm, Sat: 9am-6pm
Price: $297
Thursday, May 22nd thru Friday, May 23rd PENSCO: IRA Investments - NARS presentation by Pete Mendenhall
Location: Dallas, TX
Location: Dallas, TX
Location Info: Event Venue: North Dallas hotel.
Description: NOTE! This event begins on Thursday and not on Friday. Sign up now and save $150! Normal seminar pricing is $297, but if you pre-register 1 week prior to the event or are a licensed Realtor, you can attend for the unbelievable price of $147. (Group discounts are also available. Call for details; 1-800-207-4273)
Click here to RSVP
Time: Thurs: 6pm-9pm, Fri: 9am-9pm, Sat: 9am-6pm
Price: $297
Thursday, May 22nd thru Friday, May 23rd PENSCO: IRA Investments - NARS presentation by Pete Mendenhall
Location: Dallas, TX
Monday, March 31, 2008
APRIL MONTHLY MEETING CHANGE
Due to a scheduling conflict, the meeting will be Wednesday, April 9th 7pm at 4851 Keller Springs Road suite 112. Topics will include the blog and RBs. Gary is going to show a different method for using the trust.
Starting with May, I would like to schedule the meeting for the first Tuesday of the month.
Hope to see yall there!
Starting with May, I would like to schedule the meeting for the first Tuesday of the month.
Hope to see yall there!
Wednesday, March 26, 2008
NOTES FROM BILL'S BOARD
D B Henderson wrote:
I have worked a deal with a couple RE agents. In pay them 1% to field the calls from my yard signs. He explains how the NEHTrust works, how they can become the RB, sells the dream of homeownership and sets an appointment with me at my office so I can explain the program. He gets lots of referrals for his real estate business (most of his RE commissions come from the contacts that call on my signs). He also gets 3% buyers agent commission from the seller when we buy properties. We buy pretty regularly because I get partners with money to become the settlor beneficiaries on the properties we partner on. Try it you'll like it.
I have worked a deal with a couple RE agents. In pay them 1% to field the calls from my yard signs. He explains how the NEHTrust works, how they can become the RB, sells the dream of homeownership and sets an appointment with me at my office so I can explain the program. He gets lots of referrals for his real estate business (most of his RE commissions come from the contacts that call on my signs). He also gets 3% buyers agent commission from the seller when we buy properties. We buy pretty regularly because I get partners with money to become the settlor beneficiaries on the properties we partner on. Try it you'll like it.
NOTES FROM BILL'S BOARD
This string is based on emailing offers to MLS listings.
Red12 wrote:
How do you make an offer w/o that info? He wanted it all added as contingencies.
Scott_L._Moyes wrote:
First of all remember that even if they like the offer they will have to furnish all the documents necessary to answer your questions. But, you do not need ANY of those things to make an offer using the NEO.
In the "Terms of the Offer" you should already have what is their asking price which you will put as the MAV. As far as the "Relinquishing Parties" contribution or equity just write, "Difference between all current encumbrances and MAV". What I like to do on the payment part if they don't or won't give you that information is this. I'll guess. I always "guess" what I know is going to be low. So if they give me an asking price of $200,000, I know that a mortgage payment of say 6% with 20% down would equal approximately $1200 PITI, so I'll put a payment of $1200 with, and listen to this, $200 month being paid by the Offeror/Seller.
Ok, so why do I do this? Because I'll get a call from the Seller or their Agent telling me they can't do that because the damn payment is $1400 not $1200 and they don't want to pay anything. Ok, so now I know.
Or, if you want you can just write in, "Current PITI". What that does is forces them to tell you what that is. Sometimes they will ask, "why only PITI, don't we get any cash flow too"?
Anyway, don't get too caught up in needing to know all the dollar figures upfront. Sure it's nice but not necessary to make an offer.
Red12 wrote:
How do you make an offer w/o that info? He wanted it all added as contingencies.
Scott_L._Moyes wrote:
First of all remember that even if they like the offer they will have to furnish all the documents necessary to answer your questions. But, you do not need ANY of those things to make an offer using the NEO.
In the "Terms of the Offer" you should already have what is their asking price which you will put as the MAV. As far as the "Relinquishing Parties" contribution or equity just write, "Difference between all current encumbrances and MAV". What I like to do on the payment part if they don't or won't give you that information is this. I'll guess. I always "guess" what I know is going to be low. So if they give me an asking price of $200,000, I know that a mortgage payment of say 6% with 20% down would equal approximately $1200 PITI, so I'll put a payment of $1200 with, and listen to this, $200 month being paid by the Offeror/Seller.
Ok, so why do I do this? Because I'll get a call from the Seller or their Agent telling me they can't do that because the damn payment is $1400 not $1200 and they don't want to pay anything. Ok, so now I know.
Or, if you want you can just write in, "Current PITI". What that does is forces them to tell you what that is. Sometimes they will ask, "why only PITI, don't we get any cash flow too"?
Anyway, don't get too caught up in needing to know all the dollar figures upfront. Sure it's nice but not necessary to make an offer.
Tuesday, March 25, 2008
A good post for dealing with listing agents on Bill's Board
The original thread can be found here. But below is the cut and past for the link clicking impaired.
Overall, I like the advice since I am struggling a wee bit dealing with a few realtors.
I got this idea from Scott (and I think Alvin also posted it too), that you can get the RB to give you addresses of houses they want to buy. Now, I've gone and done it. I've got an RB who's given me numbers for FSBO's and realtors to make offers for her. How do you make the NEO if you don't have all the numbers? I realize having a ready "buyer" is leverage for a stagnant listing, but I know a realtor isn't going to tell me what the seller owes on the mortgage, or whether the loan is in default or what the payments are, etc. HELP!
Debbie
Just make the offer based upon the info you have from the Agent. Call the rest "tbd"
Who said the Realtor won't tell you what you want? They will never tell you unless you ask, that's for sure. You don't just call and start asking what people owe anyway.
Make your call just like you would any other call. If you are calling the Realtor just tell them the same thing as you would the Seller.
Call and say,...
You: I may be interested in your (or your client's) house, can I ask you a few questions?
Them: Sure, what
You: Let me tell you what I'm looking for. I've got a client who is interested in your house and is willing to make you a Full Price Offer if you (or your client) would be willing to stay on your loan and leave your equity in tact for a few years while they cover 100% of the Payments and all the Maintenance. They will refinance in a few years, pay off your loan and give you a check for all your (your client's) equity at that time, Fair Enough?
And let it go from there. Most won't, so what. Some will. Your RB may give you 12 phone numbers to call and all you have to do is call them. What if two of them say yes. Now you have two deals. One to close now and one to find an RB for.
_________________
Scott L. Moyes, "The Full Price Offer Guy"
Co-Author of "Working with Realtors and Lenders"
To order follow the link below:
http://www.financialfitnessrevolution.com/narsoffer/index.html
Ask the agent if the seller is willing to help the buyer finance the property by leaving their loan in place. Tell the agent that you have someone who's interested in the property but isn't able to get conventional financing today but can do so in a few years. For the meantime, this person will take over the seller's taxes, insurance, mortgage payments and assume the rest of the responsibilities of maintaining the home. In other words, ask the agent if this property is available for lease.
Tell the agent you'd like to make an offer but you need some numbers and information in order for you to formally write it up. If the agent doesn't give you the some of the information, just as homesaver said, put TBD. At least you made an offer! Who cares if the agent says NO even he/she hasn't consulted with the homeowner. Move on to the next FSBO or listing.
*Ah Scott beat me to it. Do what Scott says.
www.alvinreyes.com
I come from the school of not saying anything about staying on the loan. I'd rather let the NEO do the talking. For a couple of reasons: I think when you mention you'd like them to stay on the loan . . . . , you are forcing them to make a big decision with little information and you haven't left anything with them so they know how to contact you back in a couple of months when reality sets in (no good offers coming in) and they become more motivated. If you email an NEO they have 12 pages of how it works and it usually is stored in their computer.
Homesavers, I don't like to use TBD (no pazazz)! I put numbers in even if I don't know them. They can easily be changed and I've had calls back because the numbers were wrong. If someone will call back because the numbers are wrong you've got a pretty interesed party that is worth talking to because he listens. I get my numbers for the NEO by assuming that nobody has any equity anymore so I would assume a 10-15% down and the payment would be 8.5% of the balance after subtracting the 10% and then dividing by 12 for the monthly (example: $300k house less 10% = $270k loan @ 8.5% = $22,950 divided by 12 = $1,913 monthly payment) if the house is almost paid for don't you think you might get a call?
I agree with Scott. I don't have a problem getting that info from a RE agent (especially if I've already got an RB/buyer). I just ask! I also ask if he's got any turn downs or expired listing he's lost that he'd like to resurrect? By the way, I email the offer to the Realtor, he has to show it to the client by law and it gives me a good contact to build a relationship with for future business.
I will admit I don't have to ask for loan or payment info much, because I have access to RealQuest and can easily find it if I have the address. So all I need is the asking price and what realtor is not going to give you that?
DavidB
_________________
BELIEVE IN MAGIC!
Ask Yourself, "Where would I be today if I hadn't taken the time to listen to a "Great Idea"?
Anybody else have some input one dealing with realtors if you find yourself dealing with them?
----
Debbie
----
----
Make your call just like you would any other call. If you are calling the Realtor just tell them the same thing as you would the Seller.
Call and say,...
You: I may be interested in your (or your client's) house, can I ask you a few questions?
Them: Sure, what
You: Let me tell you what I'm looking for. I've got a client who is interested in your house and is willing to make you a Full Price Offer if you (or your client) would be willing to stay on your loan and leave your equity in tact for a few years while they cover 100% of the Payments and all the Maintenance. They will refinance in a few years, pay off your loan and give you a check for all your (your client's) equity at that time, Fair Enough?
And let it go from there. Most won't, so what. Some will. Your RB may give you 12 phone numbers to call and all you have to do is call them. What if two of them say yes. Now you have two deals. One to close now and one to find an RB for.
_________________
Scott L. Moyes, "The Full Price Offer Guy"
Co-Author of "Working with Realtors and Lenders"
To order follow the link below:
http://www.financialfitnessrevolution.com/narsoffer/index.html
----
Tell the agent you'd like to make an offer but you need some numbers and information in order for you to formally write it up. If the agent doesn't give you the some of the information, just as homesaver said, put TBD. At least you made an offer! Who cares if the agent says NO even he/she hasn't consulted with the homeowner. Move on to the next FSBO or listing.
*Ah Scott beat me to it. Do what Scott says.
www.alvinreyes.com
----
Alvin, I like what you said also. You are pretty smooth.
I come from the school of not saying anything about staying on the loan. I'd rather let the NEO do the talking. For a couple of reasons: I think when you mention you'd like them to stay on the loan . . . . , you are forcing them to make a big decision with little information and you haven't left anything with them so they know how to contact you back in a couple of months when reality sets in (no good offers coming in) and they become more motivated. If you email an NEO they have 12 pages of how it works and it usually is stored in their computer.
Homesavers, I don't like to use TBD (no pazazz)! I put numbers in even if I don't know them. They can easily be changed and I've had calls back because the numbers were wrong. If someone will call back because the numbers are wrong you've got a pretty interesed party that is worth talking to because he listens. I get my numbers for the NEO by assuming that nobody has any equity anymore so I would assume a 10-15% down and the payment would be 8.5% of the balance after subtracting the 10% and then dividing by 12 for the monthly (example: $300k house less 10% = $270k loan @ 8.5% = $22,950 divided by 12 = $1,913 monthly payment) if the house is almost paid for don't you think you might get a call?
I agree with Scott. I don't have a problem getting that info from a RE agent (especially if I've already got an RB/buyer). I just ask! I also ask if he's got any turn downs or expired listing he's lost that he'd like to resurrect? By the way, I email the offer to the Realtor, he has to show it to the client by law and it gives me a good contact to build a relationship with for future business.
I will admit I don't have to ask for loan or payment info much, because I have access to RealQuest and can easily find it if I have the address. So all I need is the asking price and what realtor is not going to give you that?
DavidB
_________________
BELIEVE IN MAGIC!
Ask Yourself, "Where would I be today if I hadn't taken the time to listen to a "Great Idea"?
Saturday, March 22, 2008
Digital Signatures (A POST FROM BILL'S BOARD)
scott
--------------------------------------------------------------------------------
Narsonians,
Please give your Opinions & Recommendations on digital signatures, electronic signatures, and time stamps for sending contracts online.
Thanks in advance!
_________________
homesavers
--------------------------------------------------------------------------------
I am all for Technology. I have been in the business for 20 years. As long as you have a valid contract that can hold up in court I don't see any problems with it. What do you plan on doing?
___________________
scott
--------------------------------------------------------------------------------
homesavers wrote:
What do you plan on doing?
As Scott Moyes says;
MAKE OFFERS
MAKE OFFERS
MAKE OFFERS
_________________
Scott_L._Moyes
--------------------------------------------------------------------------------
I use digital signitures all the time since over half my business isn't within 1000 of me. Even when I do business in my own backyard I never go to peoples houses or have them come to my office. Everything is done via Fax, Phone and Email.
_________________
scott
--------------------------------------------------------------------------------
Any recommendations on what and where I should get a digital signature?
_________________
Scott_L._Moyes
--------------------------------------------------------------------------------
http://www.adobe.com/security/digsig.html
_________________
--------------------------------------------------------------------------------
Narsonians,
Please give your Opinions & Recommendations on digital signatures, electronic signatures, and time stamps for sending contracts online.
Thanks in advance!
_________________
homesavers
--------------------------------------------------------------------------------
I am all for Technology. I have been in the business for 20 years. As long as you have a valid contract that can hold up in court I don't see any problems with it. What do you plan on doing?
___________________
scott
--------------------------------------------------------------------------------
homesavers wrote:
What do you plan on doing?
As Scott Moyes says;
MAKE OFFERS
MAKE OFFERS
MAKE OFFERS
_________________
Scott_L._Moyes
--------------------------------------------------------------------------------
I use digital signitures all the time since over half my business isn't within 1000 of me. Even when I do business in my own backyard I never go to peoples houses or have them come to my office. Everything is done via Fax, Phone and Email.
_________________
scott
--------------------------------------------------------------------------------
Any recommendations on what and where I should get a digital signature?
_________________
Scott_L._Moyes
--------------------------------------------------------------------------------
http://www.adobe.com/security/digsig.html
_________________
Tuesday, March 18, 2008
GATTEN VIDEO
Bill Gatten teaches people how to use No Cash and No Credit strategies for acquiring real estate using trademarked systems using landtrusts. Los Angeles area is his home but he teaches these strategies all across the US for last 12 years.
Frisco house needed, 4-5 bed
RB looking for a lease/option or LT in Frisco. $8k to put down, $2000-$2200 per month (assume a 'lease'payment). Assignment fee can be paid if you don't want to partner. This is for my colleague. You can call me with info.
Greg S
469 688 4804
Greg S
469 688 4804
Wednesday, March 12, 2008
"NOTES FROM BILL'S BOARD"
homesavers wrote:
I think it all depends on your market. What is going out there? If you have a lot of Over-emcumbered deals coming in with arrears then that is what you have to deal with. Unless you have the marketing muscle to find the jewels. Us newbies go for low hanging fruit you know.
Scott Moyes wrote:
Sorry but I disagree. I have never used or had need of formulas or a spreadsheet.
Here's the deal. If a Seller is willing to "take payments" (stay on the loan) and someone else is willing to "make the payments" (take over the loan) then who am I to tell them they can't?
It costs me $10 to make my offer to find out. What am I out if I don't find an RB? Not much. So you ask, what about all the costs of marketing? I don't pay that, the Seller does. Yep, you heard that right, the Seller does. And that's part of my offer.
Who cares what the value or monthly payment is? As long as someone else is willing to pay for it, who cares?
_________________
Scott L. Moyes, The Full Price Offer Guy
I think it all depends on your market. What is going out there? If you have a lot of Over-emcumbered deals coming in with arrears then that is what you have to deal with. Unless you have the marketing muscle to find the jewels. Us newbies go for low hanging fruit you know.
Scott Moyes wrote:
Sorry but I disagree. I have never used or had need of formulas or a spreadsheet.
Here's the deal. If a Seller is willing to "take payments" (stay on the loan) and someone else is willing to "make the payments" (take over the loan) then who am I to tell them they can't?
It costs me $10 to make my offer to find out. What am I out if I don't find an RB? Not much. So you ask, what about all the costs of marketing? I don't pay that, the Seller does. Yep, you heard that right, the Seller does. And that's part of my offer.
Who cares what the value or monthly payment is? As long as someone else is willing to pay for it, who cares?
_________________
Scott L. Moyes, The Full Price Offer Guy
Thursday, March 6, 2008
Friday, February 29, 2008
New RB
RB needs house in Plano or Frisco.
RB wants to spend $1500/month PITI and has money for a down payment.
I am going to pound the phones all weekend to find a property but if anybody has any inventory that matches these vague needs call me @ 214-704-6494
Chris
Thursday, February 21, 2008
MEETING MOVED TO MONDAY MARCH THE 3RD
The Landtrust meeting has been rescheduled so it doesn't conflict with the Sub-2 Focus Group. DFW Landtrust Group will meet at Gary Brackhahn's office at 4851 Keller Springs rd. suite 112 just east of the Addison Airport Tunnel. 7pm
Gary's office number: 972-248-0977
Gary's office number: 972-248-0977
Saturday, February 9, 2008
AREA RENT RATES.
Here are two sites that give estimates of rental rates. Try them both and give a review on each in the COMMENTS link at the end of the post.
http://www.zilpy.com/
http://www.rentometer.com/
http://www.zilpy.com/
http://www.rentometer.com/
Tuesday, February 5, 2008
Qualified RB
I have a RB that needs 3600+ sq/ft in of these locations: Desoto, Ceder Hill, Duncanville or, Lake Ridge.
He has $7500.00 + to put up to fund the trust and closing. He needs to be in a property by early March.
Give me a call: 214.704.6494
He has $7500.00 + to put up to fund the trust and closing. He needs to be in a property by early March.
Give me a call: 214.704.6494
Saturday, February 2, 2008
GREAT INFO TOOL
Click on graph to go to Altos Research.
Notice the sharp curve at the subprime meltdown. Luxury homes are selling in Frisco, but bread & butter homes are not moving.
Saturday, January 19, 2008
SBs LEWISVILLE & FLOWER MOUND
I have 2 Homes that need RBs.
1- In Louisville right off Main street. 3 bed 2 Bath. Built in 2005 as
the Model Home for the subdivision. Corner lot. MAV 197,000 Payments
incl. Tax & Insurance are 1950 - 2,000 depending on upfront money.
Available now.
2- In Flower Mound. 4 bed 4.5 bath. 3642 Sq.ft. Built in 2006. MAV
520,000. Payment is about 3,900 plus HOA.
Let me know if you have anyone for these. I look for 5% up front with
$5,000 minimum. Will work with buyer for upfront money as needed.
Keith
www.AKCRealSolutions.com
1- In Louisville right off Main street. 3 bed 2 Bath. Built in 2005 as
the Model Home for the subdivision. Corner lot. MAV 197,000 Payments
incl. Tax & Insurance are 1950 - 2,000 depending on upfront money.
Available now.
2- In Flower Mound. 4 bed 4.5 bath. 3642 Sq.ft. Built in 2006. MAV
520,000. Payment is about 3,900 plus HOA.
Let me know if you have anyone for these. I look for 5% up front with
$5,000 minimum. Will work with buyer for upfront money as needed.
Keith
www.AKCRealSolutions.com
Thursday, January 17, 2008
THE TITLE
The title of the post can have text information.
Clicking on a title will take you to a page with just that post.
The body of the post can have text, pictures, video, hyperlinks, and HTML.
Click on photos to ENLARGE.
Click on COMMENTS below the body of the post to ask or answer questions.
We can start with LABELS similar to MLS listing statuses.
Clicking on a title will take you to a page with just that post.
The body of the post can have text, pictures, video, hyperlinks, and HTML.
Click on photos to ENLARGE.
Click on COMMENTS below the body of the post to ask or answer questions.
We can start with LABELS similar to MLS listing statuses.
SB example
PITI $2700
ARRERAGES+SETUP+#PAYMENTS $5620
#/#/# 5/5/5
AREA Sleepy Hollow
WANTS $15,000 in three months
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