All Forum Posts by: Mike Watson

@Mateusz Prawdzik, Rockstar! Normally our deals that we do are not on the mls. The agent happened to call me before it was put out and I snagged it knowing there was a huge profit. 

I love to see things for what they can be, not what they are. Zoning. Use changes. Subdivisions. Variances. Overlays. Etc. 

Getting paid on deals where (or when) no one else is looking rules. 

@Christopher Wedde, appreciate the support. Love real estate for sure. 

@Account Closed, thanks a lot. Was a quick fun deal. 

If you want to learn how to do the holy grail of real estate investing, seller financing, come to this action-packed event to get started. At this event you will learn:

1. How to master seller financing.

2. Find out what sellers really want to give seller financing.

3. The 11 largest objections and how to overcome them all.

4. Role play dialogue to get the sellers listening.

5. Great seller financing lead-ins.

6. Why seller financing is better for the seller than the buyer.

7. The 2 or 3 terms method.

8. How to write multiple offers to the SAME seller to get seller financing.

9. Learn how to think like the seller, when you are the buyer.

There will be much, much more to learn. GET there and guests are welcome. Seating is limited.  Register here:

https://www.facebook.com/events/356742298102922/?c...

Or email me at [email protected] to RSVP.  

Learn how to HUNT and KILL those big checks, with techniques you may already be using. No more small assignment or wholesale fees. Learn how to set yourself up for the fatties. Wholesaling can be a very lucrative part of the Foundation to Success and Highest and Best Use. Come see learn how to find deals that produce huge profits with NO carpet and paint required.  If you aren't making big checks, you are doing it wrong.  Guests are welcome. Location to be announced soon, in the Salt Lake Valley.  Register here:

https://www.facebook.com/events/1138787519591035/?...

Or email me at [email protected] to RSVP.  

So,  just got a small $32,000 check for a quick wholesale deal.  

We found a small older house on a larger lot listed for about what it was worth.  With a little bit of effort in the planning and zoning office, we discovered that the property could be turned from 1 home and a large lot to 1 home with 5, count them 5, duplex lots.  

We put the property under contract, drew a site plan with the planning administrators and then offered the property to our large list of builders and developers.  We got crushed with interest.  

Highest and Best Use.  We look at properties for what they can be, not what they are.  Good times. Attached are a few pictures.  

We love real estate.  The best part is that all the properties in the area are the same zone.  We have several others that we are putting under contract now.  Looking at a property's highest and best use is very profitable.  

I teach a 2-day camp on Highest and Best Use.  Coolest thing you've never heard of before and should be doing.   Use changes. Entitlements.  Subdivisions.  6-figure wholesale deals.  Condo conversions.  MORE.  

Anyway, this posting is for the ability to come to the first 4 hours of the PAID event for free to check it out and see if you like it.  

So, come from 9am-1pm for free on Friday the 22nd and see what you're missing.  If you like it, you can sign up to stay for the rest of the weekend. If not, you can get 4 hours of incredible investing training free.  Friday is 9am-9pm and Saturday is 9am-9pm, should you choose to stay.  

@Mike Dymski, that is so true.  The worth we have is very different that the wealth we have.  I have known many unfulfilled and unhappy wealthy people and many very happy and grounded people that had no money at all.  

Thanks for the reminder.  

No offense brother, but I'd find a woman that had similar goals and aspirations as yours.....and then I'd marry her.  She doesn't want anything to do with real estate for now and you want to be an investor. HUGE difference is goals, desires, etc.  

Perhaps BP can start a "singles" forum here on site.  Instead of "farmers only" it could be investors only. Individuals could list themselves as single family, fixer uppers, need a light remodel, cash flowing, upside down etc.  How fun would that be?  

@Mike H., You are not as far away as you think. You may not want that, but you are certainly capable with what you've done.  Nice work. 

The last time I gave a complete answer to the question of what happened to me, I needed 8 pages of single space type to do so adequately. 

But I did learn some great things. Here are a few of them. If there's more interest I'm happy to post a comprehensive list. 

1.  Asset management is the most important thing to your business. Have someone set up your asset protection who has significant and current litigation background. What happens in court is very different that what investors think is going on in real life. And never, ever use someone to set up asset protection that doesn't have a sizable personal portfolio. 

2.  When legal problems arise, absolutely no one cares what you did, they only care how they can make it look, to serve whatever their purpose is. 

3.  Your record keeping should be 20 times what it is right now, whatever it is. 

4.  The way you keep your records and handle you money makes it easy to pierce the corporate veil in your assets. You might be your own worst enemy. 

5. Your slush fund should be much larger than it is and completely separate from every single other thing you do and own. 

6. When you start to get large in size, you can become a target. Before Trump became president, he sued anyone and everyone at the drop of the hat. Most might think he's a jerk for that, but the minute one hyena takes a bite, they all come running for blood. 

Don't get me started. Lol. This is a deep subject.