Pissed off, flipping the BIRD @ their TINY margins?
Hey it's Jason…
One thing I hear again and again is that folks THOUGHT they'd make MORE margin on their latest flip or rehab.
After all, they're IN IT BOY, waist deep too...
- Slugging it out with sellers, contractors and other investors...
- Investing in "PROVEN" marketing promising to stuff their CRM FULL…
- Fixing up/ rehabbing properties…
- Prepping for getting the property SOLD…
- Listing it with an agent (paying 6% commissions)...
- And on and on it goes...
All so they can make a tiny sliver of what they THOUGHT they'd make.
At first, when they sat down with their spreadsheet mapping out the project, they got all excited about their potential $30k-$40k profit…
But now?
4-5-6 months of blood, sweat and tears later?
They'll be lucky if they clear $10k!
Listen, it's happened to the best of us.
But lean in for a sec, let me tell you a little...
Hard truth...
Who made a better R.O.E. (return on effort)?
The investor who ran herself ragged for 4+ months to put the deal together, close the deal, secure the funding, rehab & FINALLY sell the property?…
— OR —
Their funding partner on the deal?
Clearly their funding partner made a WAY bigger R.O.E.
They made good money with little to no effort into the deal (and that's the way they like it).
The moral of the story?
Don't get mad…
JOIN THEM and BECOME the banker!
Now, I'm NOT saying to walk away from rehabbing.
What I AM saying is that you might want to diversify your REI biz a little and BECOME THE BANK.
How, you ask?
With Notes.
What's the one thing that banks HATE? Foreclosures!
For the bank, a foreclosure is death by a thousand cuts.
Instead of being on the hook for everything that comes along with foreclosing on a property...
They'd rather sell the note to another bank (or investor) and let them deal with it.
Let THEM decide whether or not they want to foreclose or try to get the note re-performing.
The bank just can't offer the flexibility that an individual investor can, to work with the homeowners to possibly renegotiate their loan term (they have TOO many NPN's [non-performing notes] on the books)…
And most banks would rather discount the note than take on the risk of foreclosure.
But what's better than that?
When an investor buys a notes it's often a WIN-WIN-WIN...
Win #1 - The bank wins by getting some $$ from the NPN (and they don't have to foreclose).
Win #2 - The homeowner/ occupant wins because they get a chance to keep a roof over their families head, save their credit (no foreclosure) and NOT get evicted by the note holder.
Win #3 - The investor wins by either wholesaling/ flipping the note or working with the owners to get the note reperforming again, creating a steady stream of cash-flow for their R.E.I. business.
With notes?
Investors can quickly build passive income WITHOUT spending a fortune on marketing, rehabbing, dealing with arrogant sellers, or having to give up 6% to Realtors.
So you save a TON of time and your R.O.E. (return on effort) goes WAY up!
That's why I'm STOKED to bring in 2 of my team members/ partners Larry & Marishka to talk about using notes to build passive income and/ or wholesaling your notes for a larger cash infusion.
Listen…
These guys have forgotten more about notes than you and I will probably ever know…
So if you're going to join us at the Asset Manager Millions LIVE event, you're in for a REAL treat.
If you haven't decided yet…
For 3 SOLID days we're gonna dig deep into the world of Asset Managers, showing you STEP-BY-STEP how to lock in 5, 10 and even 15+ properties/ notes under contract in BULK working with Asset Managers in the next 90 days.
Would you like to join me and other savvy, dialed-in investors at my "Asset Manager Millions LIVE" event on July 26th-28th here in my hometown of Indy?
Just reply back to this email & put in the subject line:
"AMM LIVE" ...
And we'll get you ALL the smokin' hot details.
See you in Indy!
Jason
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