BiggerPockets

Lots of choices! I went to a few seminars recently where they tried to sell me coaching, websites, crm and autoresponders. One was like $3,000+

So I used google to look for something and have narrowed it down to a few.

Anyone have any suggestions before I make a forkover my loot?

Thanks...

Cari
New Port Richey Florida

Cari,

Figure out exactly what your goals are and what you are trying to accomplish.

Personally, I avoid foreclosures like the plague. It is much more profitable dealing directly with the homeowner. I would learn strategies such as lease options, subject-to and wholesaling.

Before you spend thousands of dollars make sure you know what you are trying to do (wholesaling for fast cash, or rentals for long term wealth, etc.)

pre-foreclosure bailouts, probates and we buy houses cash is what I want to do. I have about a million dollars liquid (inherited) and I want to be the one to step in and save people from foreclosure.

Funny this was done for me just about 2 yrs ago and I want to do exactly the same thing. I was in a bind and had nobody who could help me catch up. A husband and wife team paid my past due payments to the bank and got me back on track. I signed a quit claim deed to them and rented the property back from them until they were paid back with interest. Had I screwed up the second chance the would have rightfully taken the home but I got a 2nd job and it worked out.

I found a very affordable website and crm last night that has a totally customizeable website. Unless you guys say it stinks (doubt it) I will be buying tonight so I can work it over the weekend.

Feedback???

The investor who helped you out was lucky. If you do a bunch of these short sale/lease/repurchase deals, you won't be. Eventually, you'll run into someone who will have a lawyer who points out this is not a sale/leaseback but an " equitable mortgage" at 50% interest. You'll lose the house and whatever you've invested and the previous owner (still the owner, in a judge's eyes) will get their house back.

Valid points James. I too agree with Mike. With that kind of capital, starting a RE investing business is the easy part. Learning to run a business properly and profitably is the challenge. Learn from others, read books and the web.
Certainly much cheaper than the " how to secrets of foreclosure" sold by the gurus!

yeah good luck with this one... you will probably find that sure there are SOME (a very small percentage) of those that are in foreclosure actually care about how or why they got there... A

And where do you care where the people being foreclosed on live?

In response to your foreclosure system post. There is a new online system based out of St Pete Florida that has been developed for real estate investors by a virtual panel of executive level experts from the mortgage and foreclosure attorney firm space. The real estate system inludes many services and opportunities to grow an investor business correctly in todays market as it was designed with mastermind input from several successful investor groups alongside the top mortgage and real estate industry experts.

The # 1 problem investors experience is access to quality data and communications between decisioning parties to each transaction. This new system gets everyone on the same page from a single access point and provides improved communications via instant messaging between all, parties from within the site.

Subscribing members have insider access to real estate and mortgage acquisition opportunities while truly assisting homeowners with defaults and foreclosure issuess. By truly helping homeowners, many more deals than you can ever buy will fall in your lap daily. Help first, then profit long term. Pick the best of many opportunities.

All the legal, regulatory, and compliance protection is built in according to new upcoming law. New legislation introduced as of October 1 will make many of the other coaching systems very dangerous and their strategies and techniques obsolete in many states. Fines for transactions that were once legal start at $15k per violation. All the money you can make can't be spent in jail, so consider legal first. A system supported by and also used by foreclosure attorney firms will provide protection and support ongoing.

This new system is data direct connected to all the mortgage co's, foreclosure attorney firms, Mi Companies, and Realtors, nationwide so transactions are much faster and easier.

All the necessary investor components are available or forthcoming. This new system offers an online short sale processing engine, loss mitigation features, the most accurate foreclosure listings, short sale listings by lenders, Bank REO auctions online, hard money and mortgage financing, click to buy options, valuation services, appraisl services, a mastermind blog panel of experts, and more.

Many of the services are just coming online in component form as users get familiar. New features will be introduced after subscribers complete the online video training, e-courses, testing, and training requirements. There's beginner to Black Belt Level Advanced education forthcoming in all areas, acquisition, rehab, taxation, management, buying paper (mtgs) , and more.

If you're looking for a support system with true insider access to incredible investing opportunities, this new approach seems to be the best way to succeed in this marketplace.

Many of the legal factors upcoming have already been addressed. One day in court can ruin a whole portfolio. The rules have changed, and so to must techniques and strategies. Yes, loppholes are covered, attorneys and investors on the panel made sure of that.

My suggestion is to take a look at developing an affilaite relationship with LoanResolve and you'll have everything you ever need available to you directly or indirectly. The Company has a very strong reputation in the industry so be prepared to qualify for your opportunity. Mentorship access is limited depending on your experience level, but if your objectives are clear and your heart is in the right place, access may be granted if you play well with others. Good luck, stay sharp and help the people in need!

Trisha -
People get into the real estate business to make money, as they do any business. If that is the reason you "don't like Jason's attitude," then perhaps you are in the wrong biz.

Someone who invests in real estate is investing their time, energy, and money with the intention of seeing a profitable return. Why else would someone put themselves through all the challenges?

Finally, your comment is written in ALL CAPS. Doing so is considered shouting in the online world, and is regarded as rude behavior. My guess is that you didn't realize that, but I ask that in the future you keep to writing without using all capital letters.

Thank you

Jason,
We can go back and forth on this forever, which I intend not to do, so I will clarify "my post" for the last time, especially considering this thread has got new life from over 2 months ago.
You say, "the ONLY reason to be in biz is $." I say, there is never an "ONLY" reason. I did state that profits are necessary and the primary focus in order to stay in biz. That said, the other factors, such as freedom, lifestyle, etc. etc. are "other" reasons to be in this biz.
We all get your point that $ is necessary, it goes without saying, to say it is the only reason is where I and others disagree with you.