Real Estate Investing Newsletter

Hey – I just wrapped up this months jammed pack – Success Real Estate Investing Newsletter,

You can grab it here-  (Just right click to save to your desktop)

Real Estate Investing Newsletter

Later

Derek

Freedomsoft Review

Alright you’ve already started to see some of the hype from Preston Ely and the folks from Freedomsoft.

And you’re probably gonna see every guru on the planet promoting the Freedomsoft Software.

So -exactly what is Freedomsoft and how can it benefit you?

For starters, the Freedomsoft software is websites, it’s 1-click contract creation, email marketing, lead generation, property marketing syndication and more.

In addition to the software, it includes advanced real estate investing education from Preston Ely. If you’ve ever seen any of Preston’s videos or videos – it’s sure to be over the top.

In this video Preston Ely hints at what the software will do – watch -

For right now, Preston Ely and Pete the Ninja have given a ton of content and will continue up until their launch which is set for January 21, 2010.

So, regardless if you’re planning on investing in Preston’s Freedomsoft Software or not, you need to grab all the free stuff they’re giving out. Seriously, some of the information they’re giving away for free is better than what many gurus are charging thousands of dollars for.

Over the next couple of days, I’ll be shooting you some more updates and once I get an inside look, I’ll shoot you my official Freedomsoft Review and give you the dirt on everything it does.

For right now, they’ve just released they’re million dollar blueprints for their wholesaling business. And just fyi- Preston is one of the top flippers in the country and is active in 35 states.

Pretty cool stuff-

You can grab the blueprints here

More Motivated Sellers

Here’s a good indicator that the market now has more motivated sellers that ever before-

Bankruptcies are up 32% for 2009, totaling 1.4 million, making 2009 the 7th worst year on record.

Bankruptcy Report

Instead of focusing on the doom and gloom with worry, realize now is the time to get started investing.

This will not last forever, so you need to jump on board while your given this rare opportunity.

Will you be one of those that profit from the downfall or will you look back kicking yourself on another missed opportunity…

You decide…

Preston Ely Rocks The House

If you haven’t seen the reality style show that Preston Ely and Pete The Ninja published for the upcoming Freedomsoft Launch, I encourage you to check it out.

The video shows them negotiating with sellers, Preston getting his hair done, fighting with other local investors and more.  It’s entertaining and you’ll learn some cool stuff too…

Check it out here

House Flipping Tips

Sometimes, when dealing with contractors I want to pull my hair out.

It’s one aspect of the business that I absolutely hate, but it’s a necesary evil if you’re fixing up and flipping houses.

This past week, I’m talking with a guy named Phil that finishes hardwood floors for my latest rehab and I tell him where the house is.

He responds -”I know where it’s at… I did the roof on that house about 5 years ago.”

We agree to meet the following day to let him give me a quote.

I arrive around 15 minutes early to find a leak dripping in 3 places.

Irony at its best….

I walk outside to cut him off so that he doesn’t see the leak just yet and I said – “Is this the house you put the roof on?” He responds “yes”.

Then, I opened the door and said well take a look at this leak.

(HEHE – I’m thinking I just busted this guy’s bubble).

This guy starts telling me about the hail damage that had been done to the roof and that is why the roof is leaking and that “unfortunately” his warranty is only good for 3 years…

(To sum it up, he was shooting me a line of bull shit for a half assed job done to the roof)

Now, keep in mind, he’s there to give me a quote about refinishing hardwood floors – not a roof.

While, he’s figuring a quote – he starts asking questions about my business.

Then proceeds to say…

“Well, you’ll make $20K -$30K on this house”

Excuse me- did I tell you what I paid for it?

uhh No.

I proceeded to inform him that the one thing that pisses me off about contractors is some are more worried about what I make than doing the job right in a timely fashion.

Sorry – but I’ll not be using Phil.

And there are guys just like Phil in your market.

So here some rules for dealing with contractors when you’re fixing up to flip a house -

Don’t let’em shoot you a line of bs.

Don’t believe everything they say.

Get a second opinion. Ask for referalls at your local investment club, from other investors, from other contractors, and from the home improvement stores.

Ask to see 5 jobs they’ve done in the past year and if you can contact the owners for a reference.

And keep a good list of the contractors that work out.

This list will be a continued work in progress.

Start small.  Use your new contacts for small jobs to see how they do before handing them a big project.

Don’t tell anyone who you’re using or else word will get out and then it’ll be harder to have them work jobs in.

And never, ever reveal what you paid for the house to any contractor or else they try to gouge you.

And lastly, don’t be afraid to let ‘em go.

There’s more to come as time permits…

Derek

Next Page »