Rehabs, REOs and Seller Financing – A Powerful Combination (If You Do Them Right!)
Posted on 26. Mar, 2009 by admin in Wealth Club
Running A Successful Rehab Business With Eddie Gant
In today’s tough real estate market, investors face 3 common problems over and over again. What are they?
First, there’s understanding your true profits. The HUD-1 may look great, but did you really make any money? You may buy a pig for a dollar, spend fifty cents on lipstick and pretty bows, then sell it for $2, but that doesn’t mean you made fifty cents. In fact after marketing costs, cost of money, taxes, shrinkage, selling costs, holding costs, etc., that pretty pig may have cost you a pretty penny, rather than making you a pretty penny.
The second daunting problem investors face today is selling their properties quickly and for a profit. Panic in the marketplace and very tight credit have combined to create real fear among investors. Why buy houses if you can’t sell them?
And the problem behind door number number 3 is the old “where do I find good deals?” question. That’s kind of important, don’t you think?
Tell you what. Let’s attack all 3 of these problems at The Wealth Club. After all, if you can attack these 3 problems head on, and find solutions, you not only have a competitive advantage – you are unstoppable! Free to “go forth and multiply” your business, in spite of – no because of – the current market.
This practical and powerful Wealth Club meets Saturday, March 28, from 9:00AM til noon at our Conference Center at 5855 Sovereign Drive, Houston, 77036. Come early, say 8:30. The food goes fast and the networking is intense.
Am I REALLY Making Any Money?-Eddie Gant of HomeVestors
All successful businesses must clearly understand the bottom line to survive. Problem is, everybody thinks they understand it, but very few people do. There are so many hidden costs associated with running your business that you could be losing money, even if you get a big check at closing.
I said earlier that very few people truly understand the bottom line. But I’ll tell you who does. Successful volume rehabbers who have business systems in place. They know how much it costs to run their business, and the true cost and profit of each and every individual deal.
And the best at this that I’ve ever seen is our Special Wealth Club Guest, Eddie Gant of Advantage HomeBuyers, the most successful HomeVestors franchise in Houston.
Eddie does over 100 complete rehab transactions a year (buy, fix and sell). Plus, he runs a large hard money company, Jet Lending, and a traditional mortgage banking business through Cornerstone Mortgage.
You can rest assured that Eddie Gant has systems in place to get things done, and that every penny is accounted for. And that he will be openly sharing many of his techniques, with case studies, at The Wealth Club Saturday, the 28th, from 9:00-noon at 5855 Sovereign Dr., Houston, 77036. Click below or call 281-921-0590 to find out more about The Wealth Club. We’re “Investors Helping Investors“.
Bonus From Eddie Gant – Cashing Out of Your Owner Finance Deals Quickly and at Full Price
While we’ve got Eddie Gant at The Wealth Club solving Problem #1 (making sure your rehab business actually makes money), I figured we might as well put him to work on Problem #2 (selling houses in spite of today’s tight credit market).
Today’s market is taylor-made for selling properties with Owner Financing. The problem is this same market makes it very difficult to sell your notes without taking a huge hit. So, if you want to cash out of these deals, you’ve got a real problem.
The great news is that Eddie Gant has come up with a terrific solution. A way to cash out in a few months, without taking any discount.
You’re going to love this one. This little nugget alone can open up all kinds of doors to wealth creation for you. And Wealth Club attendees hear it first! If that doesn’t make it worth you time and effort to be at The Wealth Club this Saturday, March 28, I don’t what would. Perfect market for Seller Financing. Perfect exit strategy, without discounting the note. Can anyone say “No-Brainer”?
An Honest Look At REOs with Kevin Lui
Problem #3 is finding good deals. In today’s market, bank-owned properties (called “REOs”) are a viable source. But, working with banks certainly presents its own set of challenges. Our own Kevin Lui, an active REO buyer himself, will share some of his techniques and secrets at The Wealth Club, Saturday. Tap into this deal source that all your competitors are talking about, but most don’t know how to do. See you at The Wealth Club Saturday, March 28, from 9:00 to noon.
Let’s Do Some Business!
Bring your business cards and flyers to The Wealth Club. You’ll have plenty of time before, during and after the meeting to promote your deals, funding requests or your business. One of the biggest benefits of joining The Wealth Club is the amazing amount of business that is actually conducted at the meetings themselves. Meetings are great, but athe end of the day, you gotta do some deals. Don’t miss a tremendous opportunity to do both AT THE SAME TIME! Wow, what a concept!
Wealth Club members attend the meeting for free. Guest passes are $20. The full guest fee is credited to your membership if you join The Wealth Club at the meeting. Call 281-921-0590 and we’ll be glad to help you.
This month’s Wealth Club is jam-packed with practical, real-world information, intense networking, and roll-up-your-sleeves opportunities to conduct business. The food is great, and the atmosphere is one of “Investors Helping Investors”.
The only thing still needed is you. Come join us. You’ll be glad you did.
To Our $ucce$$,
Gordon Appleby
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