All Forum Posts by: Jackie Lange

Great!

It is getting to be way too many leads to send then out by email every day so I'm posting on my facebook page for cashflowdepot  - which I have rarely used until now.    Just got a lot of mobile home leads all over the USA.  And a package deal of 100 rental properties available with seller financing.  

the lead contact was sent to you a few days ago.  Maybe it went in to spam.  I sent it again today.

We already have someone to take the 13 house package deal in Florida.

You do not need to become a member to get the leads.  if you sign up for the free ebook, you will get the leads.  

more leads coming out today.  Some really good leads with $50k+ profit

I live in Panama.   I own a tour company called PanamaRelocationTours.com  I'm doing a tour now but will replay to emails about leads as soon as I can.

I only give out details about the property address and the seller's contact information after I receive a signed agreement to pay a referral fee for the lead

 I will be sending out more  leads next week

Jackie

 Hi Gus

Yes I do real estate investor training, have been an investor for 25 years, have rentals in 2 countries, do master leasing, own a tour company in Panama, and also generate a LOT of motivated seller leads which I'm  offering to others for a small fee.   

Here;s another lead - 

This red hot lead is in San Angelo Texas. The seller is moving to Arizona in 2 weeks and has agreed to sell his $94,500 house for his loan balance of only $53,390.76!!! That's a $40,000 equity!

Payments are $345.39 PI Only at 5.625%. All payments taxes and insurance are current. The house is in good condition according to the seller. It is a 4 bedroom 2 bath. 1850sf built in 1955. It will rent for $1100 - that's a $500 a month cash flow.

Since the seller has agreed to sell for his mortgage balance, it makes sense to buy subject-to the existing mortgage. Then you could just rent it out. Or you could re-sell it with seller financing for $99,000 getting $10,000 down ( more if you sell with a Highest Bidder Sale) plus $500 a month in cash flow. You could put a balloon on the note to get cashed out in a few years... but WHY would you want to get rid of a $500 month cash flow!?!

You must live in San Angelo to get the lead and agree to pay a small referral fee

Who wants this one? email [email protected]

Hi All

The biggest struggle for real estate investors in finding good leads.  I get more leads than I can possible do so I'm sending out 2-3 motivated seller leads every weekday.  You'll get preliminary information about the property and what the numbers are.   If you like the lead, you will be required to sign an agreement to pay a referral fee at closing.  I'll even offer suggestions on how to structure the offer.  If you'd like to get on the lead list, please opt-in at www.CashFlowDepot.com

This is the lead message that went out today

Hey, remember that lead I sent out for Laredo Texas?The house is worth about $300,000.The attorney said they will take $110,000.Today our investor got it under contract for $89,900.I will keep you informed about the progress.The house needs work.Selling it with a Highest Bidder Sale should net a $60,000 profit maybe more.

Also, I did not mention this but I wanted to let you know that each of these leads will only go to ONE person.That person will have 7 days to work the lead.If we don’t hear from you or you don’t get it under contract within 7 days then, and only then, will it be distributed to the second person who said they want the lead.We realize that sometimes sellers are dragging their feet, not you, if you let us know what’s going on we will give you more time.

For now, we’re sending out a lot of leads in Texas but we also have leads in other states which we will send out next week.

Here are the leads for today:

ARLINGTON, TEXAS $100,000 EQUITY

This is a 3 bedroom, 2 bath house built I 993.1576sf.House is in great condition.Seller has moved to Michigan and needs to sell asap.The mortgage balance is $57,000.Seller would like to get $75,000 but is negotiable for a quick sale.PITI is $650 at 5.75%.The house is worth $158,000 to $165,000.

This house will rent for $1300 to $1350 per rentometer.

We need a $5,000 referral fee on this one – paid at closing.

So, what are some things you could do with this one?

Close it first!When there is that much equity you really need to close first.Then you could keep it as a rental with a $700 a month cash flow, sell with seller financing that wraps the underlying loan (a Highest Bidder Sale will get more down payment), Or, just put a for sale sign in the front yard to sell to a retail buyer.

Let’s say you agree to give the seller $5,000 now and another $5,000 by December 31st.You buy subject to the $57k mortgage.Then you are in to this deal for $15,000 (includes referral fee) + $57,000 mortgage = $72,000.If you resell for $149,000 for a quick sale that will still net you a $77,000 profit.

Ifyou sell with seller financing you should be able to get $15,000 to $30,000 down (all your cash back) plus $700 a month cash flow PLUS $77,000 in equity

Who wants this one? Email [email protected]

LUBBOCK TEXAS- WHOLESALE FLIP OR REHAB

ASAP.Seller moved out of state.Does not have time to finish the house.Started a rehab on
3 bedrooms 1 bath 600sf+ Built in 1938 Lot 7000sf
Owner for 8 years.Terrible condition.Vacant
Asking price $25,000 – negotiable retail is $57,000

I bet you could get this one for less than $25k.Offer $2500 paid now and the rest paid after it is rehabbed or one year – whichever comes first

Then you could rehab it yourself. Or wholesale it for $30,000.If you wholesale it you will make more money if you sell with seller financing, get $3500 down 8% on the balance so you get monthly cash flow too.Give the buyer 6 months to pay you off.Then you could go back to the seller to negotiate a discount if you pay then off early

$2,000 referral fee on this one.

Who wants this one? Email [email protected]

FORT WORTH- FIXER UPPER - $60,000 profit

OWNER Moving 2 weeks – MUST ACT FAST
3/2/1Attached 1450sf.Needs work- house is vacant
Asking Price $65,000 – but I think they will sell for mortgage balance
mortgage Balance $56,000
Payment $600 PIonly @ 6%
Retail is $135,000
Estimate to rehab is $15,000

This is very time sensitive.There are several ways to go on this one.You could get a contract then wholesale to a rehabber.Buy subject-to for $56,000Sell for $66,000 maybe $70,000 to make a quick $10,000 to $15,000 profit.Or you could do the rehab to make more

But it would be a waste to cash out the mortgage when you wholesale.You could wholesale for $75,000 if you sell it with seller financing.Get $5,000 down, increase interest rate to 9% so you’ll get a monthly cash flow, then make an additional $14,000 whenyou get cashed out.I like this one best

$2000 referral fee paid at closing

Who wants this one?Email [email protected]

Plenty more leads coming tomorrow….

As always, at CashFlowDepot.com we’re dedicated to helping you learn to make more money with real estate.

Best of Success… and Freedom,

Jackie Lange

CashFlowDepot.com

P.S.If you select a lead, you will be sent a referral fee agreement to sign.Once we get that back you will be given the sellers contact info

Before you start looking for properties to wholesale, you need to build your buyers list so you will have someone to sell to.  When you contact investors, ask which areas they prefer to buy in, what price range, will they buy fire damage, do they have cash ready to buy or will they need hard money lender financing ( how fast can they close).  Get at least 10 buyers on your buyer list before looking for houses.

Then...

To find wholesale deals the city code violation list is a good start but make sure these are properties which are red tagged as not habitable, not just a fence falling down or tall grass.   Send a postcard to the owner.  You'll find the owner by searching your county tax records. Postcards work much better than letters.  

Vacant houses are always better deals than occupied houses.  Drive lower than median priced neighborhoods looking for obviously vacant houses in need of repair.  Talk to the neighbors to find out where the owner is.   You can also recruit people from craiglist to do this driving around for you. 

You do not need to borrow money to build a rental portfolio.  At one time, I had 72 rental properties and I bought all of them with seller financing or subject to the mortgage.  These were nice houses in great neighborhoods which needed only cosmetic (paint/flooring/cleaing) fix up with I bought them.   I always bought well below market and had instant equity and cash flow the day I bought. 

You won't find these deals on MLS though. You'll need to do some marketing to get them

You can also start with Master Leasing to build up a rental portfolio cash flow.  A Master Lease is when you lease from an owner with the right to sub-lease to another tenant.  You make the "spread" between what you collect from your tenant and what you pay the owner.  Many Master Leases can lead to buying the property with seller financing.  It's a good way to get your foot in the door.