BiggerPockets

2nd Step!

Wednesday, October 21

Well from the feedback I received from my last post I decided to list the second step with dealing in REOs. Many people buy REO packages thinking that if they buy them for 10% of the value and sell them for 80% of the value that they will be rich beyond their wildest dreams.  The only problem is they ended up as REOs in the first place by people who wanted to do the same thing. Nobody will be able to sale these properties at this rate unless they are in a great area, and if the properties are clean.  

What we have found was the best way to make it a good deal for investors and home buyers across the nation is to sell it way under market price.  At 40% cost people can get into a property that is conservatively valued at $100,000, so they can buy a home for $40,000, and have a monthly mortgage at around $400 a month.  Well when you get hundreds of properties sold my friends, these monthly mortgages start piling up. And we have found that home owners stand at the door ready to buy these houses because they see the good deal, and most people aren't stupid enough to fall for the 80% talk.

The only problem that we found with this is that you have to have a national company to take care of the advertising, clean up , and mortgages on all the properties.  Thats where our company comes in, we can take care of everything for real estate investors and get them money flowing in monthly! 

Creating Wealth with REO's by following simple rules

Tuesday, October 20

Many people believe that they can only have as much as their family has had before.  They believe that the only way to create wealth is following the same patterns as everyone else, and this is false!

The first step to creating wealth is having an open mind. Thats how I fell into my company LENSCH LLC. I have been in the Insurance business for most of my professional career, but I was sick of doing thousands of transactions for little money each transactions. 

I decided to look at real estate to lower the amount of transactions and up the cash flow.  When I did this I found my business partner Ren Bell, he showed me an innovative way of creating wealth through REO packages all over the country.

 At first there was a learning curve for me, I couldn't understand everything he was saying about the program, but when I began to realize the amount of potential that the program had for creating wealth, I went in full force.

I am glad I had the open mind to learn the different steps of this program because it has given me so much more opportunity