From The Wall Street Journal, October 3rd: “Private-Equity Giant Blackstone’s $1 Billion Bet on Foreclosed Family Homes” …

From The Tampa Bay Times, September 22nd: Wall Street behemoth plans to spend $1 billion on Tampa Bay’s hobbled housing market …

Also from The Wall Street Journal: “Big Funds Get Into the Landlord Game”

From U.S. News & World Report: “High-Profile Institutional Investors Commit Money to Buying Foreclosed Homes”

And from HousingWire:

What do you think about this trend of big funds crowding out smaller “mom & pop” investors? Has this hit your town yet?

Leave a comment below.

Click Here to Find Out How to Survive The Coming Economic Meltdown

So? What do you think?

Guess who is responsible for this current recession/depression …

The “too-big-to-fail” banks.

– they are responsible for all the current foreclosures

– they are responsible for stealing trillions of dollars from taxpayers

– they are responsible for the current 25% real unemployment rate

– they are responsible for the utter and complete corruption of our political system

– they are responsible for 90% of the current suffering in this world

And they have stolen TRILLIONS of dollars from (you) the American people.

“The issue which has swept down the centuries and which will
have to be fought sooner or later, is the people versus the banks.”

- Lord Acton

So what are you going to do about it?

If someone walked up to you, punched you in the face, and stole your wallet … would you let them get away with it?

Here is the simple solution to bankrupt the “banksters” …

take your money out of their freakin banks

Close your account, and move it to a small local bank or credit union.

I’m doing it tomorrow, along with thousands of other people.

Check it out …

http://www.facebook.com/Nov.Fifth

I could say more. But that should be enough.

A revolution is under way, my friend. Usually I stay quiet about these things. But enough is enough.

Together, we can bring The System to its knees.

Preston

http://www.facebook.com/Nov.Fifth

thoughts? comment below.

click the “like” and “tweet” buttons at the top of this article to spread the word too.

The richest and smartest people in the world go where the money (and women) are easy. They’re really pretty lazy. They refuse to fight uphill battles. Rather, they opt to slide down slippery slopes of joy. And joyness.

Now that the market has decided to go “Charlie Sheen” on us we need to take a closer look at what we are doing here. We need to make sure there isn’t something “easier” out there than dealing with the standard “motivated seller.”

It turns out there is.

Before the market took a nosedive, our “I Buy Houses” classified ad in the Tampa Tribune was one of like thirty. But now? We are one of only four.

Where did everyone go?

I was just interviewing one of the nation’s top wholesalers who told me he is currently spending ZERO dollars on seller marketing. He used to spend $8,000 a month. Where are his leads coming from?

Everyone is switching to REO Bank-Owned foreclosures.

Click Here to Make the Switch

And there is a reason for that.

Ever since the last stimulus package was unrolled, banks have been giving away their inventory of foreclosed homes like unwanted clothes to goodwill. And they are able to do this for good reason. A reason which you will learn very soon.

We recently picked up a house from a bank for $2,500 smack dab in the middle of Tampa. We flipped it immediately for a $20,000 profit.

You can do the exact same thing … if you know what you’re doing.

How would you like to be the recipient of some of these “rag tag” houses? Well you can. Easily. You simply have to know where to stand in line and how to claim your fair share.

Up until now, investors have been paralyzed with fear when it came to flipping REO (bank owned) houses.

The biggest obstacle? Non-assignable contracts. Banks don’t like wholesalers. Whoever’s name is on the contract must close (with their money) on the deal.

Obviously this is not the game we play. Using your own money is for morons with no brains. Rich people (even billionaires) do not use their own money. We use the moronic people’s money. : – )

But what if there was a way to sneak your buyers in to close on the property for you right underneath the bank’s nose? And what if that way was totally and completely 100% legit? You would want to learn this tactic I’m sure.

As a “problem solver,” which is what you as a real estate investor are, you need as many tools in your tool belt as possible.

There is no such thing as “knowing enough.”

The very best in our industry never stop growing and expanding their repertoire of investing strategies. I just watched as Than Merrill devoured The Short Sale Kid’s entire home study course on a recent plane trip. Than is already a master of short sales. In his words, “if I can get just one new tip from a course … it pays me back thousands of dollars.”

Unfortunately, the step-by-step process for doing these REO “double closes” would take much more than this article to explain. But you can get your feet a little wetter with this new video I just posted that goes into more detail.

Click Here to Watch the Video

Does the old way of “motivated seller marketing” work?

Absolutely. We still do it every day.

We have direct mail campaigns… and classified ads… and ppc ads… and a host of other strategies in place at all times. But we are also doing REO’s. We are “both/and” kind of people. Either/Or thinking is for the small minded. Large souls want it all.

You can have it all.

Starting right now.

Click Here to Get Started!

Want To Win A FREE REO Investing Ebook?

Simply leave a comment below with your best joke about REALTORS. Funniest joke posted this weekend wins.

Don’t have a joke, but you still liked this blog post? Go ahead and share it on Facebook, Tweet it out, & leave me a comment below!

]]> http://www.prestonely.com/how-to-wholesale-reos-like-a-rockstar/feed/ 102 http://www.prestonely.com/the-science-of-mega-volume-wholesaling/ http://www.prestonely.com/the-science-of-mega-volume-wholesaling/#comments Sat, 11 Jun 2011 21:26:44 +0000 Preston http://www.prestonely.com/?p=1871 “Throw It Against The Wall And See What Sticks”

I’ve said it once, and now I’ll say it twice.

Flipping houses (contracts) is so easy that it may as well be standard curriculum for 1st graders. They should teach it right before finger painting.

As a matter of fact, I’m going to test finger-painting mailers to sellers just to prove my point.

Why is it that some of you won’t even buy a course if it so much as smells like it isn’t more complex than quantum physics?

You’re sadisticly attracted to “systems” that Albert Einstein, Ron LeGrand, and Albert Schweitzer (teamed up in a VIP mastermind) would struggle to comprehend and implement.

Why do you insist on making this whole real estate thing harder than it is?

Check One:

______ You’re just a complicated individual in the first place. Complexity makes you happy. Broke, but happy. Sorta. You and I do not hang out ever unless I have to for some reason. And I don’t have to do ANYdarnthing. So we never hang out.

______ You’re wired for mediocrity. Making things difficult ensures you’ll never succeed, which is what you subconsciously want in the first place. Since it is subconscious, you don’t even know enough to be able to consciously check this one. So don’t do it. Even though you should.

______ You are scared to succeed. In your mind, that is simply too much responsibility. Again, this is quasisubconscious so I don’t really know how you can check this one without simply Christmas Treeing this little quiz.

______ You hate money. Just admit it. We all have at this current moment EXACTLY what we want. If you really wanted it, you’d have it.

______ You’d rather be smart and “right” than RICH. We most certainly do not hang out ever. Even if I have to. I don’t like you.

“You can either be smart, or rich.” – T Harv Eker

Some of the dumbest people I know are filthy rich. Myself included.

So how dumb are we really then?

I don’t have a “formula” for making offers to give you. I don’t use one. Never have.

Do you want a formula? Or do you want bucketloads of money?

Your success lies in becoming a big person. Not in fancy formulas.

Here is all I do to get rich and stay rich flipping houses. Take it or leave it …

I take massive action on everything I do. Massive amounts of marketing. Massive amounts of offers. Massive amounts of deals. Massive amounts of DEPOSITS IN MY FRIGGIN BANK ACCOUNT.

I don’t cry over lost deals. I couldn’t care less. There’s fifty more where that one came from.

I offer approximately 50% of ARV on almost everything. If that number ends up being high, I simply renegotiate with the seller.

I make so many flippin offers it would make your head spin like Beetlejuice.

I do everything I possibly can to get someone else to do all my work for me. Including sellers, buyers, title agencies, realtors, VA’s, assistants, etc.

I spend 75% of my life simply doing things to improve my overall mental, emotional, physical, and spiritual state. Money flows in naturally as a result.

Too simple for you? Then go somewhere else. Go do short sales or something painful and time-consuming like that. My world is for people who want to actually enjoy their lives, not stress themselves out to death because they have absolutely nothing else to do.

Get this through you head – YOU ARE NOT YOUR CAREER! There is more to life than work!

Your goal should be to get as much money as possible – as easily as possible – so that you are free to pursue your life purpose.

There is a white hot product on the internet that can help you do just that.

Make a hundred offers. Contract on a few deals. Make $20,000-$50,000.

If you can’t do that at least once a month… then just keep trying. If you still can’t do it… then keep trying some more. And if you STILL can’t do it then maybe this simply is not your calling. Go try something else. You’ll find your niche. I promise.

Make it happen.

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