On this episode of “The Flip Formula” you’ll discover…..

4 Private Lender Strategic Negotiation Tips That Will Save You $14,321  

3 Critical Pre-Requisites to Insure Your Private Lender Will Fund Your Deal so you can make FIVE FIGURE PAYCHECKS  

5 “Underground” Tactics To Guarantee you get you get the best Rates and terms from your private money lender  

3 Crafty Reason Google Will be your best friend when working with a private Lender on a Private Money transaction

 ”He Who Has The Gold Makes The Rules….Period”….So you had better find some Private Lenders and more importantly…watch this training so you will know what to say to them and how to negotiate the deal.

PLEASE BE PATIENT – VIDEO TAKE ABOUT 20 SECONDS TO LOAD

It’s very cut and dry, the investors who are enjoying all the spoils in the market right now are those that have access to private lenders because private lenders give them the ability to close with CASH, and to close QUICKLY without some lengthy application process.

If you want to enjoy the spoils, you need to watch this incredible, CONTENT PACKED call right now.  ENJOY!

Also, If you are looking for a cheap, inexpensive way to find private lenders and are unable to invest in a completely “DONE4U” system, you can click here HERE www.PrivateLendersInPublicRecords.com  to learn how to do the process manually.  Bottom line, you must have access to Private Lenders to succeed right now.

VIDEO MAY TAKE UP TO 30 SECONDS TO LOAD

Why, because after I grill my client and break down their business and money making strategies, I open up the call to you for a live Q and A session. Last night, myself and Tom Hollenshead ROCKED THE HOUSE!

He gave incredible, in depth information on how he used a little known, secret source of leads for short sales to crank out a $30,000 profit last month on three deals. He is making big bucks right now going after BANKRUPTCY DISMISSAL leads, and they are FREE. He even gave his source on the call and shared exactly what his marketing letters to these homeowners says.

Grab a pen and paper, and take lots of notes.

Also, everyone has been requesting these calls be transcribed, word for word,  and converted into a down-loadable document so you can have the content with you in various formats.  All you have to do to get a full blown, word for word, transcription is click the button below and you will be emailed a link where you can download the transcription for only $24.97.  Please know the information in this call was invaluable and having the BANKRUPTCY lead source alone could bring you several more deals a month.

DOWNLOAD THE TRANSCRIPTION BY CLICKING THE BUTTON BELOW

DOWNLOAD THE TRANSCRIPTION BY CLICKING THE BUTTON BELOW

THIS MAY TAKE 30 SECONDS TO LOAD – PLEASE BE PATIENT

Wed, May 12, 2010 8:30 PM – 10:00 PM EDT

Thu, May 13, 2010 9:00 PM – 10:30 PM EDT

	VIP Access To My “Collective Genius” Mastermind ($5,000 Value)

Consider this…What is the fastest way to rocket your real estate business and life to the next level? It’s simple, The fastest way to massive success is to surround yourself with other players who are at the top of the game. I am going to give you access to some of the most talented investors in the country by allowing you to join us in a very private, exclusive 3 day mastermind where we all come together as a “Collective Genius” to catapult your business to the next level. You will have access to one of any of the three meetings left for the remainder of the year. Check out some of the testimonials on how this has impacted the superstars involved and imagine hanging out with guys like Than Merrill, Cory Boatright, Lee Kearney (AKA – The REO Rockstar), and Kent Clothier. Your choice of any of the three meetings left and one of them is a CRUISE to the Caribbean. Also, The cost to join the “Collective Genius” if you had to pay, is $15,000….but you get to attend for FREE. All Elite Level Members will be put into a drawing and one will be selected for this insanely valuable, life changing gift and this will documented via video on my blog. Jump In!

	“Quick Start” Expert Coaching Day With National Commercial Foreclosure Expert John A. Skicewicz (Value $3500)

Again, success is driven by who you spend your time with so I hired one of the top commercial foreclosure specialists in the nation to train you in my office in Tampa for an entire day to ensure you get off to a MASSIVELY PROFITABLE start. Listen up, books and CDs are the foundation of education but what do we really all truly want? What do you truly want? You want guidance and coaching from a real life Commercial Foreclosure expert who is “In The Trenches” each and every day and has their finger on the pulse of the market place. John has been dealing in Commercial Foreclosures for over 31 years and I will have him in my office for a one day, intensive strategy session to answer all of your questions after you have had time to go through the entire course and need guidance. Once we wrap I’ll have us picked up in a stretched limo and whisked off to Hula Bay, a waterfront restaurant for dinner and drinks.

	FREE UNLIMITED ACCESS TO FindCashBuyersNOW.com ($1,997 Value) – EarlyBird Special For First 20 Elite Packages

Even when you do all of these Commercial deals, you’re going to need buyers!! WE HAVE THEM ALL!! A Nationwide database of EVERY CASH BUYER COAST TO COAST that is updated every two weeks. This is the system that started it all!! Not only do you get the buyers, but we give you our PROVEN marketing pieces that will have these buyers BEGGING you to do business with them

	FREE UNLIMITED ACCESS TO FindPrivateLendersNOW.com ($1,997 Value) - EarlyBird Special For First 20 Elite Packages

***NEVER BEFORE RELEASED*** This product is so new that it has not even been released. Be the first to have access to a Nationwide database of true “private lenders”. This database contains the names and contact information for individuals that are currently lending money to other investors for real estate and pre-formatted marketing letters that you can merge the private lenders info into and mail with the click of a mouse. Never lose another deal because you didn’t have the money!

	2 VIP Tickets To My “Millionaire Maker” Boot Camp In Dallas, TX, May 21-23rd (Value $997)

My partner, Kent Clothier and I, are teaming up to put on an incredible 3 day event where we will teach you how to build your team, work effectively with realtors so they can feed you profitable deals, and how to effectively market to distressed sellers. I will be there so grab me and let’s hook up for breakfast one day.

	“REOs Profits Exposed” with Lee Kearney AKA – The REO Rock Star (Value $997)

I’m going to give you a 10 part video series that explains how to crack the REO/Bank Owned property code. This is over 5 hours of footage where I spent an entire day with THE TOP REO EXPERT in the nation, Lee Kearney, also known as the REO Rock Star. I’ll show you behind the scenes of Lee’s entire business operation so you can leverage his knowledge to begin crushing the foreclosure market. This video series is full of MASSIVE MONEY MAKING STRATEGIES to help you “start stacking the paper.” And yes, Lee makes over 100k a month…so you’ll want to pay attention.

	My “Virtual Assistant” Training (Value $695)

The real money in Commercial Foreclosures is in FINDING THE DEAL. This training 60 minute, uncut, unplugged, money making video footage is going to give you the skinny on how to find and use virtual assistants to run your life and you real estate business for anywhere from $2 – $6 an hour. This is actual raw, underground footage from my last “Collective Genius” Mastermind where I explained how you can use VA’s to do your dirty, $5 an hour work so you can focus on what you do best…FINDING THE DEAL AND GOING TO THE CLOSING TABLE TO COLLECT CHECKS.

	5 Simple Steps To Finding Private Lenders To Fund Your Deals (Value $495)

There are tons of ways to do structure commercial foreclosure deals with no money down, but do you want to miss out on deals where you need to inject some money into them…NO. I’ve created this simple, 5 step video that explains how to find Private Lenders right in your back yard who are lending to real estate investors just like you. This step-by-step process is priceless.

	My Contract Automation System (Value $297)

Save literally 20-30 hours a month in time and give yourself the ability to turn out a real estate contract every 2-3 minutes. More contract offers equals more accepted offers equals more closed deal equals more TRIPS TO THE BANK. Let’s make some $$$$$$.

Total Real World Value of “The Money Man’s” Commercial Foreclosure GoldRush Bonuses $15,975

—————————————————————————————–

• How to protect yourself from short sale scams

1. Do not encourage or tell the seller to stop making their payments especially if they can make their payments
2. Do not get involved with strategic defaults
3. Do not misrepresent
4. Make sure your real estate agent only works with the buyer only so there is no conflict of interest
5. I rather like to see you get rejected than do one deal through deception

• What to look for when trying to prevent short payoff fraud as an investor

1. If your borrower suddenly defaults, with no prior adverse history, and they cannot explain the sudden default
2. The borrower is current in all other obligations
3. The borrowers financial information indicates conflicting spending, savings, and credit patterns

• How to defend and have the ammunition to do our business with conviction:

1. You have to believe that what you do adds value

 You must be confidant that you add value in order to succeed in this business
 You are adding value to the transaction

• Facts of a legitimate short sale transaction:

1. Freddie Mac owns the note
2. The mortgage connects the note to the house
3. Freddie is adverse to house owner/seller
4. Foreclosure lawsuit is filed
5. Freddie is aware that the buyer (investor) has an “opposite economic interest” that’s a fact of life
6. There is nothing in the note or the mortgage that the owner of the house has to disclose to the bank that they are selling the property

• Flow of a legitimate short sale transaction:

1. Seller goes into an option contract with buyer which grants the Buyer the right to represent all necessary matter for the sale, market, and negotiations of the property.

 Freddie is not part of the A to B contract nor the B to C contract
 Freddie must approve the contract but they are not part of the contracts

2. The investor in the option contract is discloses that they are reselling for a profit, and reselling the property really quickly

Option Contract language:
SELLER herby grants the buyer and /or their representatives all of the necessary rights to list for sale, market, negotiate and enter into contract to sell or lease the property to a third party. It is the intention of the buyer to procure a third party purchaser at a price greater than this purchase price as a condition precedent to exercising this option since Buyer intends to promptly resell the property for a profit.
(Your option contract must have this verbiage)

3. Option contract is recorded in the county where the property resides

 We record the option contract early in the deal so we fully disclose to the bank what our intention is in this transaction

4. Recorded Option contract along with offer and full short sale package is submitted to bank/lender
5. At this point the investor is working hard in negotiating with the bank ( which could take months or years) then value is subjective, you are creating the value so you can then resell for profit

 The investor is trying to buy the house as low as they can and the bank is trying sell it as high as they can (this is called negotiation)
 When a property in distress it lowers the property value, but once you resolve the distress issue the value then increases.

6. Bank reviews documentation and orders BPO from an approved agent that works directly with the banks
7. Investor pays BPO value, based on what’s negotiated with the bank, sometimes as high as 92% of BPO value
8. B to C bank orders the appraisal on the property; (the loan officer is no longer in control of ordering the appraisal
9. Ensure there are no misrepresentations of value or owner ship of the property to the existing lender, the new lender, or the purchaser.

 All disbursements must be made exactly as stated on the HUD1
Settlement statement, and only to the parties involved in this specific transaction.
 Each half of the simultaneous closing must be kept separate and stand on its own. The sales from A to B must be fully funded and disbursed with money coming from and going to all appropriate parties and the sale from B to C must also stand on its own. The money from C’s lender must not be used to fund any portion of the A to B transaction.

10. Ensure the intermediary’s right to ‘”sell for profit” is appropriately disclosed in the purchase contract.

 The short sale lender must always be institutional lender.

Freddie Mac has stated that property flips are not inherently illegal and not all transactions involving a rapid purchase and resale are improper. Legitimate property flips are acceptable transactions in connection with loans purchased by Freddie Mac.

Take the information that we have provided to you as ammunition against the lack of understanding surfacing from the banks and real estate agent, as armor to go out and do business ethically. And remember be confident that what you do is important and adds value; short sales our making a difference in our economy.

Which lenders are following suit and allowing FHA flips with no seasoning…….

What to do if the Option Contract isn’t working in your area and how to use your state specific Purchase and Sale agreement… 

Where you can get update forms and disclosures immediately following the call

THIS CALL MAY TAKE UP TO 30 SECONDS TO LOAD - BE PATIENT

How will this call benefit YOU as a real estate investor and how will it impact your bank account?

1. Instant Buyers List: You will instantly have a list of the most qualified buyers in your area and nationwide.  These are people that actually have money and don’t have to use a bank to buy your real estate deals!

2. No Real Estate Commissions Paid Out: Think about it this way. Are you going to sell a home over the course of the next couple years? Yes, of course! If you use a Realtor to sell ONE home valued at $200,000 dollars it will cost you $12,000 dollars of your profit. However, if YOU sell the home to a “Cash Buyer” it won’t cost you a dime. (Do the math if you sell more than one home!)

3. REO Flipping Now Possible: Flipping REO’s is not easy.  Period. The reason is because you have a short time period to control the property, find a buyer, and if your buyer needs to get a loan. Forget about it…headaches, deal falls apart, you go bald from stress. Not if you sell to a “Cash Buyer” who can close in 3 to 7 days.

4. Pre-Foreclosures/Short Sales & Title Seasoning: Big problem solved. If you work in this niche of real estate the toughest part of every transaction is getting the deal closed when you are selling the property to another buyer with a bank loan. With a “Cash Buyer” there is no seasoning requirements or hassles.

5. Deals Falling Apart: Over the past few years we have plenty of deals that fell apart at the last minute because the buyers financing got pulled at the last minute. Well, with a “Cash Buyer” you don’t have this problem.

BE PATIENT – VIDEO MAY TAKE 30 SECONDS TO DOWNLOAD