Naked Lady Real Estate, The Bare Truth About Real Estate Investing

Hawking $2K workshops is not making me rich...

"As God is my witness, as God is my witness, they're not going to lick me! I'm going to live through this, and when it's all over, I'll never be hungry again - no, nor any of my folks! ...As God is my witness, I'll never be hungry again."   - Scarlette Ohara

I still have a few seats left for the private money workshop and - I am a bit surprised.  I cannot believe that this sucker wasn't sold out month ago.  Using Private Money to buy deals is the only way to go as far as I can tell.  This and Hard Money is all we have.

Honestly.  I know that spending $2000 is tight for many people right now.  But if there is anyway for you to do this workshop - then please get there.  I know it is going to change the ability for me to do a lot more deals and make a ton more money. And please - do not send me pompous ass emails that state the only reason I care about selling you a seat to "another guru workshop" is that I only want to make money from it.  Give me a freakin break. To know me is to know my plans do not include getting rich from hawking $2000 workshops for "gurus"!  It's one thing if you cannot afford to do this workshop at this time. I totally respect that.  But those who claim they can get this information in a $24 book and don't need to spend money on education like this... well... No tengo tiempo para usted.

As an investor - I cannot imagine not wanting to learn how to raise private money to do my deals.  Are you kidding me?  With this crazy credit crunch - there are 3 choices that I can tell of to aquire property (well maybe 4) :

1.   Private Money
2.   Hard Money
3.   Buying property subject to
4.   Wholesaling(?) Even here you need cash - unless you flip quickly.

ALL of these require cash - let's get real here.  Even buying property subject to - you still need some cash to hold and fix the propery until you exit from it one way or another. Unless of course, you have a lot of deals going at once and you can generate plenty of cash flow immediately.  Otherwise it is feast or famine until the ball really gets rolling.   

Perhaps you won't need much money wholesaling deals - IF YOUR GOOD AT IT.  This way you can aquire a property and flip it before any payments or work are required.

So - can you buy property with no money and no credit?  Yes.  But not every kind of deal and certainly not REO's.  And don't quit your day job until you have plenty of cash flow my friend.  However if you don't have a "day" job (moi) and you are a full time investor - then by god you better have money, be making lots of money, know people with money,  have multiple streams of income and many various profit centers.

Click below to watch a video Rob made last night to tell you about getting us out of FEAST OR FAMINE aspect of being an investor:

Please WATCH THIS VIDEO with Rob talking how we can get out of this rut!

This great information is also going to be part of our training this weekend!  I cannot wait!!

CLICK HERE to Please sign up if you haven't done so - Seats are filling up!

REO's, Short Sales, Credit Crunch oh my....

 

There is so much money to be made in real estate right now - but I have to learn the right ways in this crazy market.  It's not so easy to just go buy an REO and think your going to get a qualified buyer right away.  Sell the house right away - maybe.  Get the buyer who can get a loan… not so much. 

The homes are great deals, they look good, etc.  But how in the heck can you get someone to qualify to buy these great houses?   We can't buy every house subject to.  And I really want to get the REO's as well.

Last night at Sam Sadat’s meeting I heard Nick Manfredi explain in detail about the new law that makes banks contact a homeowner in pre-foreclosure and try and do a work out or rather “due diligence” (whatever that means) 30 days before they file the NOD.  Additionally, banks that are holding REO’s are now required by law to maintain the property or risk being fined a $1000 a day.  Good for investors, bad for banks.  To me this means that getting short sales accepted or doing loan modification is going to be a lot easier. 

After hearing Nick speak and learning that he would service the short sale for me – I might just be interested in pursuing doing short sales now.   But….. hhhmmm… how I am going to sell those mofos once I get them?

Oy – here we go again.   Private money and hard money are going to need to be used to hold the houses until this credit crunch dissipates.  Maybe until next year?  Do you think the credit crisis might start to alleviate by then?  I have no idea - I'm just a pretty little girl afterall...  Maybe I'll check in with Bruce on this.... :)  Or maybe Rob Swanson is going to teach me how to raise millions of dollars so that I don't have to worrry about it! 

Wow - This Indie Mac thing is horrible isn't it?  But also - I must say as an investor, I think it might be a blessing in disguise?  I am uneasy even saying those words.  I really don't like the idea of being excited for my own possible gain when people are suffering and in trouble out there.  I know I speak for many of us investors when I say - on one hand I am sickened for those folks and on the other hand - I am excited to know that us investors can offer solutions.

Believe me - I understand being in a tight spot or worse, totally being up shits creek with a paddle - or with only one paddle.   But I'm a mexican & irish fighting bitch and even if I am in shits creek with no or just one paddle, by god - you better believe that I will do everything I need to do to get the hell off that creek.  Even if it means using my own arms to paddle!  I will save the day somehow - and I will look on the bright side and say "boy did I learn a lesson there:  Never, ever, go to shits creek without your paddles and with 2 back up paddles!"

So... what the heck is the point here?  Ummm...  Oh yes.  Banks!  I think that we investors have a real opportunity here to raise even more private money than we thought.  And NO - I am not saying this because I am having a Raising Private MOney workshop next weekend on July 26 & 27th in Long Beach and there are a few seats left to sell and you can read more about the workshop at www.nakedrealestateinvestorsclub.com ! 

No no no,  I am simply saying all this because it is so much on my mind how much I need to raise private money so that I can start closing some of these great deals that are coming my way. I have excellent hard money sources - so it's not the bulk of the money that I need to close the deals... it the 10-20% and 6-9 months in reserves that I need! 

Money money  money... isn't it grand?  I read this nice little blog post from a blog called smac vaults.  I think I will use it in my marketing for raising private money.  What do you think?   

http://smacvault.wordpress.com/2008/07/16/how-safe-is-your-bank/

Bank accepted 31% of what was owed....

You guys!  If you're not already excited with what is going on with REO's - please start NOW!  Look at this message we received from Aaron Norris:

July 2nd:

You'll probably get my note but wanted to tell you in person that we got several emails and phone calls today with people winning properties from the auction. Our little email paid off!

We won another two today bringing out total to 17 in 2.5 weeks. Dad did some calculations on 15 before today and figured the bank got 31% of what they were owed on the loans they wrote.

I know you feel the same way about watching other people succeed so I wanted to let you know. Many of these investors have worked their butt off and it has finally started to pay off.

Aaron

Need Private Money? I know I do!

What is the main topic of concern for us investors these days?  It's not finding the deals. Deals are everywhere...

...It's WHERE or HOW TO GET THE MONEY TO BUY THE DEALS isn't it? 

Get ready to learn everything you need to know to raise all the Private Money you NEED to buy all the deals you want! 

Please Join Me for Rob Swanson's
RAISING PRIVATE MONEY 2-DAY INTENSIVE
July 26 & 27, 2008
   
I AM SO EXCITED TO FINALLY LEARN HOW TO DO THIS! 

Rob is not a "guru".  He is a serious & sucessful real estate investor who happens to be excellent at raising private money.  He will teach us what HE DOES so that we too can raise all the private money we need to buy all those REO houses and more! 
 
I had a great conversation with Rob about what why private money is a MUST for investors and what he is going to teach us!

CLICK HERE TO LISTEN TO OUR 30 min conversation!

This is a NO SELLING- STRICTLY EDUCATIONAL 2-Day Intensive Workshop like you have never seen!  Do not miss it my friends. You know I don't B.S. you when it comes to you spending your hard earned money to attend bootcamps!  I only promote those I know are worth every cent!

We will only have 30 seats in this workshop so that we can have a more intimate learning environment!  Rob does NOT plan to come back to L.A. anymore this year so make sure to sign up today!

CLICK HERE for Detailed Info on this can't miss WORKSHOP!