I usually don’t get this angry, but thousands of good, well intentioned investors are getting duped right now – and it’s costing them a fortune. I call it the BIG FAT LIE!
You may soon get suckered too …
What’s got me so fired up?
Everyone, and I really mean EVERYONE including irresponsible investment gurus (you know the ones!), the media, the talking heads on the TV talk shows, the fat cat Washington insiders – are all trying to get you to buy! Buy foreclosures! Buy bank owned properties! Buy wholesale! Buy! Buy! Buy!
But how are you going to make your money back?
That’s right. You’ve got to SELL the property or at least hold it and make your money back over time (which is the method I prefer; it’s like getting a social security check every month).
But no one is talking about how to sell and it’s costing many investors their homes, their careers and their families. It’s awful to see. I know what’s it like because I’ve been there. Growing up in an old apartment with just my mother, we had a Samsonite card table for a dining room table that we paid for with green stamps. I thank God every day I’m no longer living in poverty thanks to my real estate investments.
But others are not so fortunate right now. I’ve got one horror story after another such as the deal Anthony Walker went through just recently.
He bought a property for $47,000, spent another $19,000 on new floors, cabinets, toilets, doors and did all the painting himself. That was exactly ONE YEAR AGO. Since then, it’s sat empty.
His first real estate agent was his daughter. Imagine firing your own daughter? “It was painful, but I had to do it,” Mr. Walker says now. Another agent, who sold 100 homes the year before, didn’t do any better either.
Meanwhile, he was losing his shirt.
He was paying $825 a month in interest for the first 6 months and $1,400 every month afterwards. “I saw all this profit I thought I’d realize that never happened. It was just demeaning.” Twelve months later and $13,350 paid in interest on a $66,000 property, he sold it to me.
I sold it in just 3 days … for $109,900! A $43,000 profit!!
I’ll tell you how I did it in just a moment, but do you see what’s happening?
Investors are being suckered into thinking they can buy low and sell, but the properties aren’t selling! Of course they’re not selling! Isn’t it obvious?
They’re using the same strategies from 6 months, 12 months or even 2 or 3 years ago. Meanwhile they’re getting sucked into a downward spiral of making payments, pouring more money into expensive repairs, contracting with agents and spending thousands of dollars on marketing and advertising and waiting … and waiting … and waiting for buyers to show.
So what’s the solution? We have a unique system that turns the whole buying and selling process around so instead of buying the homes first, we’re finding buyers first. Then we buy the home based on the preferences of the buyers and what they qualify for. When we do buy the home, it’s “pre sold.” We already have a buyer!
Plus, we also give first home buyers our famous “Obama Bucks.” Right now, the government is offering new home owners tax credits of up to $8,000. But many homeowners can’t afford the down payment needed to buy the home, so we’re giving them the money that they expect to get from the tax credit upfront. We get paid later when the government check comes in.
Think the “Obama Bucks” will get you more buyers? You bet it would! The government estimates that up to 800,000 first time homeowners may qualify for a new home, which opens up a whole new market for many investors. We call our program House Monster, which helps investors sell homes as fast as they can gobble them up.
WARNING: The government tax credit may expire November 30 so you must act quickly to take advantage of this innovative program.
I haven’t seen anything like this in my 30 years of investing and I doubt I ever will again. To help you get up to speed and help
you sell more homes faster, we’re offering a free webinar, Wednesday, September
21 at 8:00 pm Eastern Time.
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