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Special Operations Mastery Event

Special Operations Mastery Event. J une 15. Celebrate Your Decision. END STATE. Consistent Way to Make Money for the Rest of Your Life. “ At One Point in Your Life You Either Have the Thing you Want or the Reasons Why You Don't “ - Andy Roddick. Agenda.

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Special Operations Mastery Event

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  1. Special OperationsMastery Event June 15

  2. Celebrate Your Decision Special Operations Mastery Event 2013

  3. END STATE Consistent Way to Make Money for the Rest of Your Life Special Operations Mastery Event 2013

  4. “ At One Point in Your Life You Either Have the Thing you Want or the Reasons Why You Don't “ - Andy Roddick Special Operations Mastery Event 2013

  5. Agenda Saturday Educate in the Morning Train in Afternoon – Hands on - MONEY TASKS Special Operations Mastery Event 2013

  6. Agenda Sunday Expanding and Optimizing - IRAs, Private Money, Outsourcing Rehab Network, etc. Special Operations Mastery Event 2013

  7. Agenda Today is What & How Tomorrow is Where + Bonuses Special Operations Mastery Event 2013

  8. Agenda Breaks Review = Video Copy Special Operations Mastery Event 2013

  9. Agenda On Time Special Operations Mastery Event 2013

  10. Story Left Marine Corps Made a Bunch of Money Lost a Bunch of Money Making a Bunch of Money Will NEVER go Back to Old Ways of Business Special Operations Mastery Event 2013

  11. Special Operations Mastery Event 2013

  12. Special Operations Mastery Event 2013

  13. Training Goal • Know what to do, what not to do • Gain certainty working a process • Get out of rat race • Achieve independence Special Operations Mastery Event 2013

  14. Requirements • Know your strengths • Know your resources • Know the techniques • Know how to implement techniques within your strengths and resources to make the right progress Special Operations Mastery Event 2013

  15. Envision The End State Passive Income Work Once, Keep Getting Paid Think Longer Term You, Your kids, Your Grandkids Special Operations Mastery Event 2013

  16. How to Get Success Translate Strategies Into a Consistent Process to Achieve Goals Special Operations Mastery Event 2013

  17. Expectations • Must be Set • Must be Realistic • Can’t always evaluate progress against best case scenario Special Operations Mastery Event 2013

  18. How to Get Success Must Do Tasks VS. Optimal/Optional Tasks They Compete with Each other Special Operations Mastery Event 2013

  19. Reality • Know the Must Do Tasks that MAKE MONEY • Different from Optimizing tasks that IMPROVE PROFIT Special Operations Mastery Event 2013

  20. Money Tasks • Get Leads • Get Leads • Get Leads • Get Leads Special Operations Mastery Event 2013

  21. Money Tasks • Reviewing Lists is everything • List Management is the MONEY • Find Properties – All exits rely on this • Must Become Routine! Special Operations Mastery Event 2013

  22. What are Tax Sales Property taxes are owed If not paid there are consequences Consequences Vary per state Special Operations Mastery Event 2013

  23. Tax sales Were Not What I Thought Counties Need the Money No Price Negotiations! More Deal Flow, could still make Cash Cheaper Deals, Less Competition Larger Buying Area with Online Research Special Operations Mastery Event 2013

  24. The Playing Field Special Operations Mastery Event 2013

  25. Playing Field • Liens that Redeem • Deeds that Redeem • Deeds that you own right now • Int Rate vs penalty Rate • Many Auction Formats made for competition • Buy at Auctions or Before/After Auctions Special Operations Mastery Event 2013

  26. Investor Type • Finder • Buy and wholesale (can’t contract w/ county) • Rehabber needs a Money Partner • Money Partner needs a rehabber • Buy Fix & Sell or Hold Special Operations Mastery Event 2013

  27. Strategies 1&2) Buying Tax Liens AFTER the auction for max rate allowed hoping it will redeem. • Letting it redeem or Selling it to others for split 3) Buy Liens AFTER auction, that likely WON’T redeem 4) Send Mail to properties that have liens and buy from owner before end of redemption Special Operations Mastery Event 2013

  28. Strategies 5) Mail to Tax Deed sale list,buy BEFORE live tax auction 6) Look at county Struck-off or county owned property for rehabs and lots/land. Special Operations Mastery Event 2013

  29. Where Rubber Meets Road • Match buying strategy with state rules with investor type • Called Annual Wealth Roadmap • Different for everyone • Timing is everything, find the spots and keep going back year after year Special Operations Mastery Event 2013

  30. Strategy 1 & 2 Liens to Redeem • Buying Tax Liens AFTER the auction OVER THE COUNTER • Letting it redeem or • Selling it to others for split Applied when you HAVE money or KNOW where to get money Special Operations Mastery Event 2013

  31. Liens to Redeem - Process • Filter list with GIS – land vs structure • Look at Maps - Property condition/location • Property type • Value - websites like Totalviewrealestate.com • Assessed value? • Previous taxes paid? • Condition- drive by agent to check if occupied Special Operations Mastery Event 2013

  32. Liens to Redeem - Process • Title check for anything big • Check online if possible, call girl in courthouse if necessary • BK, FC, No EPA, No Bld Dept issues • Exit 1 - Buy the lien, hold To Redemption James job Special Operations Mastery Event 2013

  33. Liens to Redeem - Process Exit 2 - Selling the Lien or buying with someone else’s money • Penalty states are best • Get your money up front if possible • Roll your own money assigning (flipping) the liens Special Operations Mastery Event 2013

  34. Strategy #3 Liens to Deeds • Buy Liens AFTER auction, that likely WONT redeem Applied when you don’t have money and submit to Fortris or others Special Operations Mastery Event 2013

  35. Liens to Deeds - Process • Looking for Liens that likely WONT REDEEM • Filter with GIS – land vs structure • Look at Maps - Property condition/location • Property type • Value - websites like Totalviewrealestate.com • Assessed? Previous taxes paid? Vacant? • Condition- drive by, or Contractor look Special Operations Mastery Event 2013

  36. Liens to Deeds - Process • Can use myrouteonline.com if you’re going to drive around. • Title check for issues • Check online if possible, call girl in courthouse if necessary • No BK, No FC, No EPA, No Bld Dept issues, Out of town? • Et al, how many people were notified • Buy the lien, File for ownership, then Quiet Title Special Operations Mastery Event 2013

  37. Strategy # 4 Mailing Lien’d Owners • This is buying AFTER AUCTION • Send postcard to properties that have liens and buy from owner Applied when you have SOME money and can submit to Fortris or others Special Operations Mastery Event 2013

  38. Strategy # 4 Mailing Lien’d Owners • Card format is in Research Center • Mail 30 days prior to redemption • 2 touches – white card, read headline • Then yellow card, with headline • Get attention, don’t freak them out Special Operations Mastery Event 2013

  39. Mailing Lien’d Owners - Process • Get list of lien’d property from county • OR get live list just prior to auction, then get leftover OTC list and subtract • Filter list with GIS – land vs structure • And get MAILING ADDRESS for houses • Clean up duplicates Special Operations Mastery Event 2013

  40. Mailing Lien’d Owners - Process • Create click2mail.com account • Prepare file in the way click2mail.com wants it • Katrina can show an upload during the workshop, It’s 3 clicks and it’s mailed Special Operations Mastery Event 2013

  41. Mailing Lien’d Owners - Process • Owners will call back • Only evaluate those who call • Liens wont be cleared, this is negotiation to make something work, might be equity or not. • Can contract and wholesale, rehab, hold, etc.. Any exit, You HAVE TIME Special Operations Mastery Event 2013

  42. Strategy #5 Mail to Deed Auction • This is buying BEFORE AUCTION • Mail to Tax Deed Sale list Applied when you have SOME money and can submit to Fortris or cash buyers Special Operations Mastery Event 2013

  43. Strategy #5 Mail to Deed Auction • Have to hustle to get deal before sale • San Bernadino example during workshop • Hustle to exit or have the cash to buy Special Operations Mastery Event 2013

  44. Mail to Deed Auction - Process • Get list of lien’d property from county • Filter list with GIS – land vs structure • And get MAILING ADDRESS For Houses • Clean up duplicates Special Operations Mastery Event 2013

  45. Mail to Deed Auction - Process • Create click2mail.com account • Prepare file in the way click2mail.com wants it • It’s 3 clicks and it’s mailed to house owners Special Operations Mastery Event 2013

  46. Mail to Deed Auction - Process • Owners will call back • Only evaluate those who call • Need Repair Est and Repaired Value • Can contract and wholesale, rehab, hold, etc.. Any exit, BUT BE QUICK ABOUT IT Special Operations Mastery Event 2013

  47. Strategy # 6 – FLC Deeds • This is Buying AFTER the Auctions • Already OWNED BY COUNTY Applies when you don’t have money and need to find things to own now Special Operations Mastery Event 2013

  48. FLC Deeds - Process • Foreclosed Land Commission, Struck off, Lands Available for Taxes, etc. • Look at county owned property for rehabs or lots Special Operations Mastery Event 2013

  49. FLC Deeds - Process • Filter list with GIS – land vs structure • Look at Maps - Property condition/location • Property type • Value – website like Totalviewrealestate.com & Agent • Assessed value? • Previous taxes paid? • Condition- drive by Contractor Special Operations Mastery Event 2013

  50. FLC Deeds - Process • Title check for anything big • Check online if possible, call girl in courthouse if necessary • No BK, No FC, No EPA, No Bld Dept issues • Action to Quiet Title – Hire attorney • Can take several months, get last owners to sign quit claim deed to save the time Special Operations Mastery Event 2013

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