Then we paid the legal fees to stop the foreclosure process. Jason fixed up the little issues in the house in about 2 days, plugged in a fridge and plopped a sign in the yard.

10 minutes later, prospective tenants sauntered up the walk way and they were moved in less than a week later. This has got to be the best textbook case of real estate investing we’ve had so far.

Thanks to Megan & Zeke, we were able to learn this process and put it into action immediately. If you’re in the Dallas area, they do a once a month seminar – totally worth the 3 days you’ll spend with them…they literally give you the ‘perfect’ ad, word for word as well as some easy yet genius methods of ‘wedging’ down the price of the house if you’re picking up a short sale.

We can probably pick up about 5-6 at the rate we’re going (we’re not putting too much effort into getting these leads), but the up front legal fees will ensure we’re really picky about which houses we’ll choose to beef up our portfolio.

So get up off the couch and GO GET A HOUSE!

What a crazy week year it’s been! But this past weekend has topped it off. First off, my husband Jason and I have been in real estate for several thousand years. It’s what drew us together to begin with and continues to keep our marriage together…well that may be a little exaggerated.

A great friend of ours, Enzo, had told us about this Nouveau Riche College he went to a while back. Let me tell you, we were in no position to take 5 weeks out of our lives and $30k for a college that seemed like it rated at best, 2nd to the big real estate investment courses like Rich Dad, Poor Dad by Robert Kyosaki or Trump University. But fate has a funny way of messing with me. I bought ticket for Jason because he had expressed interest quite a while back, and it so happens that each ticket allows you  to bring a guest. I even talked to Jason about having a friend of ours take my place because I am so engrossed in our internet marketing right now, I couldn’t imagine then taking 3 whole days off just to get ‘back into’ real estate investing.

Megan & Zeke Zucaro

Megan & Zeke Zucaro are this powerhouse couple that didn’t just know their shit, they are living what they’re teaching. I’ve always preferred teachers that walked the walk and not just talking because they’re paid to do so. They’ve gotten to be such experts in the field of real estate investing that they’ve devoted their radio show to helping the every day Joe make life changing investment decisions.

I would say that I knew we were going to the Nouveau Riche College before we started the Wealth Summit, however, I also knew I wasn’t going to be signing up during the class. Well I was so wrong. The ultimate reason for me to change my mind (which I reserve the right to do, yet don’t exercise very often) is that the Zucaro’s were so real. They are not just brilliant, but they were good people. You know how you can just see goodness oozing from people’s pores sometimes? Man if they oozed any more, we’d have to develop a cream just for them.

When they talked about the right and wrong things to do regarding work ethic,  as well as the way to treat home sellers, home buyers, and all of their network (Realtors, fellow investors, contractors, etc.) I was so impressed that I realized I was crazy if I didn’t hook up with this network of gangsta investors…which I’ll talk more about later.

Subject To’s

Did you know that you can take over someone’s house for no money down? Literally, no money out of pocket. Not the scenarios are as varied as they are outrageous, but unfortunately, we’re in a distressed marketplace with owners that are desperate to get out from under their house note. We were literally given a dozen places to find these distressed buyers as well as a script on what to say to ensure a smooth conversation with home owners that are probably stressed out to the max. Not only that, with the relationships I built in those 3 days, I had some seasoned investors offer to walk me through my first deals.

Holy sheezus…that is worth 10x what I paid for those dang tickets!

Short Sales

Guys there are so many properties going to foreclosure right now with folks that are in desperate need of help. Subject To’s were one way of taking over properties without any money out of pocket with the end game of flipping or renting, however, short sales are an amazing way of grabbing properties before they go to foreclosure. Many of these deals are so highly discounted that it’s not unreasonable to walk away with $10k-100k at the closing table. The difference is that short sales will require money, yet the team at Nouveau Riche delivers again. Not only will you get the resources to tap into private money as well as hard money loans, but there’s a network of investors AT the summit and college that are waiting to work these deal with you!

Bank Rejections

I’ve seen so many newbie investors either lose their shirts on deals or make such a small margin that they quit before they even really get started. Well others will quit before a transaction is even underway because getting short sale offers through the first layer of bureaucracy is enough to make a grown man cry. So what magic does it take to get your offer accepted the first time, every time? I’ll be damned if they didn’t lay that out step by step too.

Working ON My Business

If you are too busy working IN your business, often times you will fore-go working ON your business and make up excuses like: I don’t have enough time, I don’t have enough money, etc. That’s one of the biggest mistakes of new entrepreneurs. We forget we need to take a step back to see the bigger picture in order to determine what the next strategic steps are. I have to admit that I am eternally grateful that I didn’t give away my tickets as originally planned – if this isn’t another life changing event for me, I don’t know what will be…

Networking

It turns out that Jason was the only Realtor there & in turn I was the only internet marketer there. So not only did we learn enough that we will have at least one transaction underway in the next month, but we met so many amazing people we’re hooking up with to trade knowledge and expertise. Boys and girls, I’m not talking about wanna be’s in the real estate world, but the quiet giants tiptoeing around all the amazing deals and grabbing them up while the rest of the pseudo-investors are thinking about, maybe, perhaps, soon, getting ready to make an offer.