Superlative Info

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Please Call 657-859-9555 to get registered for the event and the address will be provided. This event is RSVP only with limited seating Call now (657) 859-9555

By Randy Ngan

Must be willing to learn

Must try and take action

Must over come fears

Know what you need now. Fast cash or cash flow

No money down techniques:

• Bird Dog Fee
• Assignment of contract
• Hard money
• Home equity line of credit
• Sandwich Lease Options
• Notes from investors

Where to build a buyer list:

• Investor groups
• Real Estate auctions
• Call for rent ads (let them know your not renting but ask if they are looking to sell or willing to buy more property)
• Referrals from sub contractor, handymen, home inspectors, appraisal etc…
• Go to website under marketing search for 85 ways to find buyers

Questions to ask investors:

1. when are you planning on buying your next property
2. how are you buying houses
3. what type of neighborhoods are you looking for
4. what price range
5. what equity range
6. what type of repairs are you will to put in
7. what size

Let investor know you will only email/contract them when a property meet their criteria to not waste their time

When presenting property to investor tell them:

• what the price was at the peak of the market
• the fair market value now
• the price it is under contract for right now
• How much instance equity they can have in the property

Random notes:

• Put Bandit sign near walmart and mc Donald
• 1^st Foreclosure call = relationship call & take notes
• 2^nd call = Need to ask tough questions to see if you can help them

Action step:

• Set a goal for every week
• Set a goal for ever month

By Randy Ngan

1031 Exchange:

• Allow real estate investor to defer taxes and allow them to buy more real estate.
• No capital gain tax when property sold and all the capital gain is reinvested into new property.
• Use a 1031 when you plan on selling property after having a renter in it
• 1031 defers not eliminate taxes
• Save 30% off tax by deferring tax when selling house to reinvest
• Biggest mistake on 1031 is when investor sell property and close escrow then call about doing 1031. Need to do 1031 before you close escrow
• 3 Requirements for 1031 Exchange:
  1. Must be a business
  2. Must have been investment property that was rented out
  3. Must transfer 30% IRS Tax balance to like kind property

1031 firm:

• Ipx1031.com
• No concentration fee
• 500-1500 transaction fee rate if done
• You can do reverse 1031 buy property 1^st then sell
• They can not give tax advice but can consult with your tax adviser

• Should have good tax adviser ( its not payment its amount of saving)
• California property tax 10.3%
• Work on business not in business

By Randy Ngan

How to build a buyer list:

• Network with real estate minded people
• Go where they are, find the buyer
• Contractor and builder club
• Real estate LCC owners
• Call I buy houses people
• Call for rent ads and ask if they are looking to sell the property

Look for deals no one finds:

• Think out side the box
• Drive around target neighborhoods

• Vacant properties
• For vacancy owner look them up in tax record county clerk office.
• Don’t look for deals look for properties that can be deals
• Look for expired listing send letters through mail

Random Notes:

• Send investor deals that are 70/30 after rehab
• Build buyer list of 1,500 collect emails, separate in categories
• Postlit.com and Vflyer.com create ads then email to buyer list
• Bcc blind cc email list

• If I was a buyer what would I do, where would I be, what would I buy or not buy
• If I was a seller what would I do, where would I be, why wouldn’t my property sell
• How would people who own property list it

By Randy Ngan

Pick what you can do with your financial capabilities don’t jump for strategy to strategy

Create team first

Need to find for sale by owner house.

No balloon mortgage

Find Buyers:

1. Investment buyers: must be able to close in 2 week with cash
2. Tenant buyer list: Option lease can put down payment and monthly payment over market value because they want to own home ( credit some payment when they exercise lease option contract to buy house)
3. Find for sale by owner
4. 1^st call ask if the house is still available and listen
5. 2^nd call ask tough questions about how much they behind

To sale:

1. • Post for sale by owner
   • Tenant moving
   • Owner will finance
   • Rent to own
   • Add 200 above management cost

Advertise:

• Craigslist ghost ad
• Bandit signs
• Flyers
• Google ads
• To Find Investment buyer (50% off Fair market value, desperate owner, must sell fast)
• To find tenant (Must have down Payment, Owner will finance, rent to own)
• To find house ( we buy houses any condition backed payments okay)

Lease option purchase write in contract:

• 30 day contract Purchase at loan balance owed and lease at their monthly payment.
• Let tenant know (what if we make your payments and catch up on backed payment)
• Have house preset at Fair Market Value when it is sold to tenant buyer
• Always do title search then lock up property around $150

Random Notes:

Ask seller to sign Release of mortgage information sheet when option contract signed.

Make them sign deed over contract clause to protect seller (if you don’t do what is discuss everything goes back to original home owner)

Deed have to transfer into your name before you can sell house to someone else

Low income government assistance disappearing can only crage you full intest on lone balance amount.

Need title in your name for X amount of days before you can do closing