Our Monkey Talks

I will also be giving you a very thorough section with hundreds of resources for financing, banking, locating properties, evaluating suitability, determining true value and walk-away prices, and much more. The Resources section at the end of the book will have all of this, and we’ll refer you to it frequently to get the details to support the decisions and methods our students used in their deal recipes. But, when the way they did it doesn’t seem to fit, or one resource they used isn’t available to you, my Resources section will give you alternative ingredients to make your deal recipe a great success. I’m talking about really useful help, like exactly how to approach a bank about REO properties. What should you say in a letter, email or phone conversation? How do you deal with a listing real estate investor who is reluctant to present your very low offer on a property? It’s all there, with nothing left out that you’ll need to go right out and cook up your own successful deal recipes. These real world deals will convince you that there are a great many ways to make money in today’s real estate investor. Bad news is irrelevant, with one person’s misfortune being opportunity for someone else. In fact, just taking a logical and conservative look at the economy and current state of the national real estate investor, there are some really amazing profit opportunities: Bad News: “People are losing their homes all around the country.” The Opportunity: Most of these situations do not involve lost jobs or income, but are mostly related to poor mortgage choices and practices. These people still need a place to live, will need to rent, and can afford rents that will make our deals profitable, especially with today’s deflated purchase prices. Bad News: Prices are deflated due to competition from foreclosures. The Opportunity: Who can argue with the opportunity to profit from buying properties at prices well below their actual market value? Prices haven’t been this good for many years. Bad News: People don’t have down payments and can’t qualify for mortgages under newer more stringent guidelines. The Opportunity: There’s that “need to rent” opportunity again. Most people still have their jobs, want to remain in the area, but need to rent while they rebuild their lives and financial status. Even better, Greg Murphy will show you in his deal recipes how to work with these people, help them to buy another home, and make a great living doing it. www.deangraziosi.com