Help Me Help You!
March 4, 2009 
62 Comments
Does that line sound familiar? It’s actually from one of my favorite movies, Jerry Macguire. Jerry was doing everything in his power to get Rod his $10 million dollar contract but he was at a loss.
I feel like that today.
I spent last weekend in Las Vegas with every real estate investing guru on Earth telling me what THEY think you need to know about investing in real estate. I’m more interested in knowing what YOU want to know.
So, take a minute to comment on this post and tell me what you want to know.
- How to do short sales?
- How to start an online business?
- How to find bulk REO packages?
- How to find a great realtor?
- How to invest in REO’s?
- How to determine what investing strategy is right for you?
- How to play small pocket pairs in poker? (Actually I’d like to know the answer to this one.)
You name it. You can ask about any topic and I will bring the answers to you in blog posts, interviews with experts or my monthly Insights Webinar.
Help me help YOU!
Just scroll down to the very bottom of the page, type your comment, hit SUBMIT COMMENT and I’ll get to work.
I would like to know how to get 100% purchase and rehab money!
What do HML like to see?
Hello Susan,
You’ve been on my mind lately and I plan to send you an email much longer than this.
I want go into much detail in this post but I will say that of all the people that I have mentored under you resonate with me the most.
I think you are one of the few trainers that really gets it.
I am honored to be a part of your membership site.
Now to your question.
I feel that I am a great marketer. I can find the deals. My goal is to become the biggest Real Estate Syndicator the world has ever known.
I don’t care about owning the property. I want to control the asset and then decide what exit strategy I wish to you. I want to add value to sellers who have no ideal where to turn in both residential and commercial. I am already doing this pretty well in residential.
So you can give me everything you have on Syndication. Yes, I’ve listened to your last webinar. Yes, I read your review of Jason Gilbert’s course. Yes, I ordered the DVD.
No, I did not order his entire course.
If that is what you think I should do to learn more about Syndication then consider it done through your affiliate link.
The other thing that I would like to know which is closely related is how to find bulk REO packages.
You are phenomenal and I appreciate all that you are doing in the real estate investing business.
Rick in Dallas
How to find private lenders,Inow have very bad credit.I am interested in acquiring self storage units
The ultimate pension plan for self employed/individual Real Estate Investors & business owners. Solo Roth 401K LLC plan with checkbook control. Recource/Non-Recourse financing + Tax Free Loans up to $50K (Husband & Wife qualify as Indiv. Can rollover all existing IRA’s and old 401K’s into one plan.
Was anybody in Vegas talking about helping investors by giving them everything that they needed, not just pieces as usual? Or was more about how to extract more money out of potential investors to fill their pockets? Sorry for being cynical, but there is a lot of crap out there now especially for the poor newbies who do not better.
Investing in REO,s and buying them in bulk, and finding buyers in today’s market.
Hi Susan,
Thanks so much for the invitation.
I really would like to know how to wholesale REOs. I hear so many stories about how it can’t be done because banks don’t like double closings, blah,blah, blagh. Those who know won’t share the secret. I’ve heard you can buy the property in the name of an LLC and sell the rights of that LLC to another member who would be a cash buyer. Is this the case? Have any other suggestions? Your thoughts please.
As a side note, I plan to buy both of your packages, but I have to wholesale a property first to generate income, at which time I will purchase both. Thanks.
Hi Susan, I would like to know more and the truth about commercial investing, warehouses, self storage, and multi family. More importantly how can you get stated when you are broke or low on cash. NO BULLS%@!
GO GETER!
How to find self employment funding or a replacement for acquisitions and rental properties.
I have enjoyed your information. I have been in Real Estate for a long time as a developer, a flipper and for the last 8 years as a Broker with my own company. I am a very good property finder, but I am having trouble locating a good JV partner that knows the ways presenting offers to sellers in todays econonomic market place. I’ve looked at a number of gurus that supposedly will JV with you, but haven’t found what I’m looking for. If you have any ideas i would like to hear them. Thank you for your time. Gordon McMahan
I would like to know what the LTV of the homes need to be when figured into a Mezzanine loan (I think is what it is called)
How do you get a property out of a grouped portfolio of properties if you want to sell it, and how many do you have to have to get one, and how many are usally in a Mezzanine loan?
My question is for those with limited money and not so good credit. I am aware its all about structuring the deal with forming an awesome team. I need the full how too’s of it on a step by step basis. For example I want to flip properties in any particular arena, perhaps now in REO properties. I also want to buy properties using OPM(hard money lenders) and sell to end buyers to maximize profits. But I first need a “bird dog” that is dedicated in just finding awesome deals particularly in the REO setting and expecting a $1000+ “finders fee” after a deal is done, etc. I also need a collection of contacts like end buyers and hard money lenders that don’t look at credit. Also how to structure the paperwork when no realtor is involved, but if a realtor is involved, how to keep the deal profitable and make it a win win. So basically how to assemble a synergistic team without using upfront costs while having no credit, no money, and no “know how”, basically “outsourcing” everything, for niches like REOs or Short Sales, etc.
How do you locate and finance bulk REO?
I wont waste time and go into the whaa whaas about how i managed to recently get questionable credit, but I do have it. I am currently trying to repair everything one issue at a time but how can I Acquire financing without putting skin into the deal? I have done over 70 houses but have hit that financing wall.
If I can put a deal together that allows the purchase, refurbishment and holding costs to be under 65% of value can you broker some financing?
Susan,
I would like to know why every program I have tried does not or has not worked? I have been able to find sellers but no buyers-even after advertising and then I can’t find sellers but have buyers. Nothing seems to fit together. I wanted to find investors but I need to invest thousands of dollars without any guarantee that those investors would even work with me.
I would like to find just a handful of investors that are not afraid to work with me! I am an honest man but I am at my wits end.
I would like to learn how to find and purchase bulk REOs and builder closeouts.
Gary – Yes, you can use an LLC and sell the LLC to the end buyer in order to wholesale REOs – Christina
How to do short sales?
How to start an online business?
How to find bulk REO packages?
Dear Susan,
When I found you first time, I thought that this is the girl of my dream who can help me in my Real Estate business. However, a little later I was quite disappointed when I found that your business is mostly in promoting other gurus. There are too many of them around. For a beginner a few of them might be good and useful, but a majority of them are just good talkers who skilfully milk people. I am not a beginner in Real Estate, but do not consider myself as an expert as well. For all your questions above I do not want any information since I know quite enough in those fields. My only business problem is money. My ex-wife has destroyed my credit score that always was around 750. Now I cannot get any loans – both personal and business. I did not buy yet your book (forgot the name) about loans, but might buy it later, when my divorce is over. Meanwhile any tricks of being financed are very welcome, but all other subjects are not. By the way, I specialize mostly in rehab projects in North Carolina and Florida. So, if my comments helped you in some way, then how can you help me?
Best wishes,
Nickolas.
How would you start? Who, of the trainers you know, has the most integrity, but also, who has the most complete information? Also, finding prospects, finding private funding?
Thanks
How do you start an online business? How to find bulk REO packages? Ted Roxas
I have several buyers and a few potential bulk REO sources. How do I know that tapes haven’t been shopped around for months? What is the right way to put together a deal between the buyers and sellers?
I have no money to buy a property, so
after I find a house, I’d like to know how to hold it until I find a buyer,(w/o buying it, since no money)and sell it to them and get my mark-up. I live in NC. I was lead to believe there are no more simultaneous closings.
I also would like yo know if I find a short
sale how do I buy it from the bank(again the same problem), the find a buyer and sell it
get my profit
I’d like to find an LLC lender that is lending NOW, how to find and finance bulk REOs (the Fannie Mae website has an enquiry link but they wanted a lot of business info about your business and how much you wanted to invest)… as a smaller investor I felt intimidated by this (we own 5 properties 4 of which are free and clear but we cannot seem to get any money out right now because 3 of them are in seperate LLCs. Banks want us to take them out of the LLC and then they will finance us, but we do not want to take that risk. I am taking your potfolio loan course and enjoy it. Thanks!
I am with the coment left by Vipul Shah….I am in the same boat, but with a little twist…I have a property that I bought on owner contract a bout a half a year before the marked took a dive and now I owe more than it is worth and can not get it refinanced to get it out of the owners name and into mine….
any help for that!!
I feel like a dog chasing it’s own tail. To echo the sentiments of most of those who responded, I have spent thousands of dollars, and enough time daily to consider it a full time job in my investment efforts. So many of the so called experts, bring you just so far then leave you hanging and ask for more money to tell you the rest of the money making secret that only they posses. I have become a broke boot camp junkie. I just got the Jason Gilbert course, and I think I have a pretty good deal lined up, but of course Jason won’t do a deal with you until you attend the boot camp. It’s so very frustrating to constantly be running into a wall for primarily lack of finances to do the deals I know will work. I consider myself a creative problem solver, and I don’t want to give up; but my husband is disabled, and being his primary care giver adds to all that’s required of me, and it is difficult. One of my main goals is to permanently retire from nursing as the 12 hour shifts are just too much, and I hope to be able to purchase a home with a roll in shower for my husband so he can finally get a real shower, and make my job as a care giver just a little bit easier. What I would really like information on is how to get money for my small business, and how to get temporary finances to purchase homes to wholesale to other investors;and to just network with other like minded investors so together we can mastermind and make something happen for all of us. Thanks Susan for your endeavors and efforts to find a solution. I really appreciate it. And to Neil, Matt, Scott, Gary, Darryl, James and especially Lupe, I hear you, I agree with you, and I feel your pain!!
Well, it seems there are some pretty common threads here: Everybody wants to borrow 100% of the acquisition costs plus repair costs when the completed project is under 65 or 70% LTV. And they want the asset to be the full collateral without regard to personal credit, income or assets.
It sounds pretty good to me! I find it mildly amusing that when we are in a sucker market that is red hot and out of control money is easy to get. Then when it inevitably crashes and now savvy investors can pick up properties at bottom fisher prices they make it hard to borrow.
Go figure!
Finding equity financing and real, true bulk deals without a gazillion middle men, most of which are clueless, would be at the top of my list for needs and wants
In addition, I am a California RE and Mortgage Broker with a lot of sophisticated tools to find and analyze deals. I do work for investors for flat fees and very reasonable transaction fees. I welcome contact from anyone needing it.
I sent you a detailed question weeks ago…you didn’t respond as you promised you would.
I want to know about the restiction on the number of FHA Loans one can have and how to get around it. I want to know about owning rental property as LLC as opposed to sole propritorship….I want to know how to buy REO’s do I have to go thru a realitor, how do I find a good realitor….I’ve purchased one Short Sale but realitor wasn’t much help and now says she won’t do any more.
Hi Bob – this is Monique in Susan’s office. I checked and we’ve only gotten 3 emails from you – 1)about webinar registration, 2) canceling your premium membership and 3) that you’re following Susan on Twitter. If you have a detailed question, just submit it on the contact form and I’ll make sure she gets it ASAP. – All the best, Monique F.
How do you find bulk REO packages?
I’M ABOUT READY TO ADD AN ( ‘T ) TO THE CAN DO AND MAKE IT CAN’T DO– I FEEL THE WAY ALL 26 DO OVERALL- SEEMS LIKE THE BIGGEST PROBLEM IS ” THE SAME OL’ CRAP– CAN’T GET THE FINANCING TO SAVE BUTT! I HAVE YOUR COURSE AND VIDS — I GET WOUND UP EVERYTIME WHEN I GO OVER THEM (WHICH SEEMS LIKE EVERYDAY) ONLY TO GET SHOT DOWN . ONE SR. COMM. LOAN OFFICER SAID TO ME “YOU SURE HAVE EVERTHING IN ORDER AND SURE DO HAVE ALOT GIDDY-UP—– I SURE WISH I COULD HELP YOU-”
MY WIFE SAYS TO ME ” SEE I TOLD YOU THAT SH-T WOULDN’T WORK ” AND I JUST BITE MY TONGUE AND THE NEXT DAY GO OVER THE MATERIAL AGAIN TO SEE IF I SAID SOMETHING WRONG . I REALLY DON’T THINK IT’S ME , BECAUSE REALESTATE PUMPS ME UP AND I’VE MADE ALOT OF MONEY FLIPPIN’ — NEED INFO ON HOW TO GET MONEY OUT OF PUCKERED-UP YOU KNOW WHATS .
Hi Susan
Have purchased over 70 multifamily apartment units in the last 17 months.
recently I have purchased 2 REO’S both a 4 family building.
The problem is I am now out of cash and need to continue to purchase these Bank REO”S . this is now my only income and business. I am purchasing some to hold and grow equity over the next 3 / 4 years.
I need help with financing. need a private lender for acquisition and rehab funds. then once completed I will lease up and then refinance to take out the private funds.
some I will sell at low prices ,
Do you have access to private lenders and end loan lenders.
Please help.
Regards,
John
info on line business find bulk reo packages and invest in reo.s thanks carlos
here’s my main subject i’d like to see AND have answers to……..where to borrow money for real estate deals, without going thru a million hoops!
I’m a great bird dog in my area but have no one to partner with who can come up with the money. I want to know how to find partners who can not only come with the cash but offer me a way to learn the ropes.
I’m great with the bird dogging but need the $$ and legal expertise to make it all happen!
I am attempting to help a friend whose mom passed and she had a reverse mortgage and no will. Since the property was not placed into a trust it is now in probate and the note is due and the children want to save the home – what can they do? I’ve been doing some research but cannot locate any info on a situation such as this. Any assistance or a point in the right direction will be greatly appreciated. Thank you.
I bet small pocket pairs strong until the flop, hopeing to get any one with a mediocre hand to fold. I then access where I am after the flop and the way the other players responded to my bets. I have to stay disiplined and end up folding alot but when I win it is usually a decent pot. Pretty basic stragety I’m sure you do the same. Just my take.
I agree with Nickolas (comment #18 above). I hope I’m not actually PAYING to hear promotions of other gurus’ wares. Last week it was Jason Gilbert; this week it’s Jeff Adams, with nothing in between. For cryin’ out loud, I can get pitched all day long and twice on Sunday for free! If that’s what this site is about, I’ll be canceling before the next auto-debit.
To Simone Hardy: The heirs should sell the house, pay off the reverse mortgage and keep the difference, if any. If there’s no equity left, the heirs get nothing. It’s really just as simple as that.
I am looking to purchase my first investment property to generate cash to supplement my retirement. I am looking for either a multi-family or small spartment building, or a small manufactured home community (mobile home park) to buy and hold. I work full time in IT and travel for work so I have limited time resources. Is this investment strategy right for me? I am not looking for a job to paint, repair properties, etc. I plan to purchase using my self-directed IRA.
Lisa (comment #23), there’s no risk to taking your property out of a trust and putting it right back in. The property will be out of the trust for something like 26 seconds. It’s a technicality only. The lender won’t lend to a trust but after the loan funds, escrow puts it right back into your trust. In and out costs about $100. Don’t let that stand in your way.
Great stuff here everybody – keep it coming! The common requests are financing and bulk REO’s so here’s what I have coming up:
1) the March Insights virtual class will be Bulk REO’s: How to Find ‘Em, Finance ‘Em, Flip ‘Em or Keep ‘Em
2) I’ve decided just today as a result of this to put on an online event called The Real Estate Investor’s Ultimate Getting the Money Bootcamp. So far I plan on covering how to get the money for Short sales, Bad credit, 100% financing, Rehabs, Business lines of credit, Bulk REO’s,
Private equity and Builder Closeouts. If I missed some let me know.
And I want to address a few of you who are questioning the value of what I deliver. I’ve been told that Insights Premium is worth way more than the $47/month price tag with the 81 lender Rolodex, monthly newsletter, monthly real estate investing in the real world interview and blueprints, the ask the expert desk and unlimited replays of the monthly 90-minute virtual class.
As a real estate investing educator, I offer some things for free so you can get to know me and evaluate my capability/expertise and whether or not and how much my values are aligned with yours.
And I do promote and sell stuff.
Yep, like most of America, I gotta make money so I can pay for the essentials and some non-essentials.
A tax accountant uses her/his training and expertise to prepare your taxes… and charges you for that service. I’ve never heard of any that will do it for free.
A College/University will teach you specific curricula… for the cost of tuition.
True confessions here: pretty much every time I promote anything – my own or someone else’s products – I get hate mail. As if I’m an evil person for making an offer.
I bet tax accountants don’t get hate mail.
The thing is, I believe every product I promote is excellent. There are plenty of products I don’t promote because I don’t feel they’re worth it.
Not every product is right for every person. There’s no gun to anyone’s head to buy.
AND, every product has a “try it and if it’s not right for you, get your money back guarantee”. So there’s never even a cash risk.
Don’t get that from a tax accountant.
So if you’re a person who believes it’s morally wrong for me to work hard at making a living this way, kindly unsubscribe. Clearly, our values differ and I’m not right for you.
Please understand I try to bring you products that can further your goals as a Real Estate Investor. However, on an individual basis, not every product may be right for you.
I leave it to you to make that choice. But I do feel it my responsibility to expose you to things that may make your life better.
I feel like we’re all in this together so thanks again for all the great comments and ideas for killer content that I can research, prepare and deliver to you. To our success!
Susan & Company (can’t forget those wonderful assistants),
Thanks for the candid reviews. There are a ton of guru’s out there and it can often be difficult to determine if their course is solid or just puffed up with hot air. I ordered Jason’s course and your honest review was a large part of that. It is useful to an investor to get insight from another active investor, and not just another Guru or even worst an amateur who knows nothing about investing. Your experience and depth in investing serve as a testament to your credibility.
Education and persistence are key, without both your BUSINESS will fail. After all that is what this has to be if you want to achieve success.
Please keep providing great content on investing, especially financing and I’ll keep smiling.
Thanks,
Brian in Washington
I know that for me, just raising capital to invest in real
estate without going to banks, or hard money lenders has
been a great challenge.
What do you think..?
And do you have any suggestions..?
Regards,
Reggie McLeod
Susan,
Do you any experience or thoughts on international real estate investing?
Susan,
I have several tax liens in Colorado. I want to know about after a treasurers deed is awarded, you have to wait 9 years before deed is warrantable. Does that mean you can’t sell the property during that period?
Thanks.
I want to avoid dealing with banks as much as possible when I start investing in small mulifamily properties later this year. So my strategy is to seek deals where the seller is willing to finance. But I have not been able to find any clear-cut guidance on how to write such a contract, or what to look out for in a contract written by a realtor or seller in a seller-financing deal. So if you have anything similar to your fantastic portfolio lender blueprint about seller financing, that would be great. If any one can help me with this, I know you can, Susan. Thanks!
Hi Susan, I just wanted to let you know that your site is tight, don’t worry about the haters. I have cleaned up my computer from all the different real estate information because you have it covered. I want to learn in a affordable way and then proceed with clear good results to get paid and not rush and make mistakes. I like knowing what’s real and keeping it real to execute and achieve real goals. So keep doing what you do and thank you for all you do. Have a great day!!!
Thank you for your help. I would like to know more about
Commercial Real Estate.
Hi Susan,
I am currently wholesaling properties and making use of web 2.0 strategies for marketing. I have no problem finding good deals and getting them under contract. Where my problem lies is in finding qualified buyers that can close quickly(at least before my contracts expire). It seems like all the buyer leads I am getting are either: 1.other broke newbies who heard they can wholesale properties with no money or 2. People who know now is the time to buy real estate but do not have the cash or financing in place to quickly close on a property.
So my question is two-fold: 1. Do you have any suggestions on attracting qualified investor-buyers? 2. Any ideas on how I can capatilize on the leads I am getting(they are obviously not qualified to purchase, but there must be some way I can affiliate with credit resources or real estate trainers to get these people on the right track and make a little profit for myself-after all time is money!)?
Susan,
All of the above with out (How to play small pocket pairs in poker)I have no luck in cards.I would like to know more about Loan Mods,how to partnership with you on deals or referal.And Do you have any experience or thoughts on the private note business?