Reo rockstar ebook

You better believe it. Please be the rare exception and read this entire book, put it to action, and email a Success Story to me at preston learntowholesale. You have to take action. Learning is not enough. Real education comes through experience. There is an abundance of practical, step-by-step guidance in this e- book to get a deal under your belt in the next 30 days.

But you have to take massive action. I can feel it. Preston: I want to introduce you to everyone. Lee, how long ago did we meet? I got one of your emails that said I want to meet all the different wholesalers and I was so intrigued by your email that I responded and said I want to meet you too.

Preston: He was hustling in real estate, he had just bought some seven-unit apartment building in Ybor City in Tampa and we kept in touch.

Lee was one of the few that kept sailing and in my eyes, from what I can tell, is doing better now than he was doing even back then. The last time I checked in with him he had literally flipped REO houses in one month.

How long ago was that Lee? So Lee welcome, everyone is giving you a standing ovation. How does it feel? Lee: It feels great. Was everything handed to you on a silver platter and that type of thing, fill them in?

Lee: How much time do you want me to condense it to? Preston: A few minutes, I have a bunch of questions for you. I was born and raised there. The boom was going on there seven or eight years ago and I was still living there at the time. I bought a condo and the real estate market was so hot I put it right back on the market and sold it for 50, Euro more than I bought it for while I was living in it. I moved out in a couple months, so for me that was a life changer. I ended up saving that money and moved to California to finish my Masters.

So I found a mentor out there, someone I attended church with so I talked to him because I heard he flipped houses and I asked him about flipping houses. He said you need to find something below market value. Every time I was out of class I was looking for a house. I went back and forth between class and looking at the MLS until I found my first flip. I was scared to death, but I put down my deposit, things closed and actually I took down a hard money loan. I moved into this house, which was located in San Bernardino, California in the worst neighborhood you could imagine.

The first night I walked outside there was a guy with tattoos all over his chest right outside my door. I thought, oh no what have I done? Preston: You attract thugs. I put it on the market in June when the summer school term was about to start, got 50 people to go through it the first day and in four hours I had the thing sold. Preston: This was in California?

Lee: Yes. Things were hot about six years ago out there. This is where I made mistake number one. I got too big for my boots and ended up moving to Tampa. So I rehabbed a house in California from Tampa that turned out to be a complete disaster. That was right before the market tanked. So, back in Tampa, five years ago I was wondering what was going on here? Preston: Before it tanked in California right?

Lee: Yes, their market tanked about six years ago. It was just topping off and then started to dip. I asked him to teach me about the foreclosure auctions. He said, I only go once in a while, but he gave me the address and that was good enough for me. It was all I needed to get started. Everybody there is playing a big game. It ends up where most of them know each other. Preston: You used to do a lot of stuff at the auctions right? How I met Nathan the short sale kid, I ended up buying a second mortgage— this may be high level stuff— at the auction and he had already bought the house, but had only paid off the first and third mortgage.

My first meeting with stick boy was in court over a huge claim. Lee: I actually ended up winning the case. So I flipped houses for two years and then I started getting into the pre-foreclosure stuff, because again there was still equity in it.

Preston: Lee, real quick comment about…I met with some guys the other day, because we were looking at possibly putting a big auction site together. What they do is they go into counties and take all the foreclosures off the steps and run them all online. Have you heard anything about that trend? Lee: No. Preston: According to them, within the next couple years there will be no more courthouse auctions. I actually only got out of the auction game about a year ago, because there were a bunch of duds, nothing actually sold.

Most of the regulars down there all fix prices and stuff like that? Lee: Absolutely. They all knew each other. It was like these guys with Hawaiian shirts you see at am that was all those guys at the auction. These people know each other. They send in dummy bidders. They bid up properties to try and screw people over.

You can lose your shirt at an auction. Preston: Interesting. Preston: How so? Lee: I did foreclosure auctions and got into pre-foreclosures making a couple good deals and quite a bit of money where people were in foreclosure and had equity. Then, even that began to dry up a little bit. That hurt me. This is my hard money lender talking to me now, my greatest mentor telling me I was an idiot.

I asked him what he meant. He said you might want to think about that. I said I have to think about that. Preston: Did you get into short sales at all or no? I get into short sales. I actually kicked off the REO game and short sales at the same time. Nathan was actually my mentor in short sales. He taught me all about it.

Having the short sale kid hold your hand and show you how to do short sales is awesome. Preston: You mentioned 10 different reasons why REOs are better, were those the reasons that you just listed there?

Your application also have to go through the broker who will be paid the commission not you as an agent. Any listing you have from these REO vendors it is with your RE Company not with you so your broker of the record has a big control on them. This scam artist is hitting all the new desperate agents or those who are losing the business. Stay away from any such deals. For what??

I was only supposed to be charged for the first initial video?? And there is no number to call etc. I will keep you posted on the refund. I am trying to get my refund as well That's an old book. I remember ordering that book years ago. Although there are sime good tips, some of whats in that book are not as relevant today's world. A lot of it is rehashed information. It is a scam. The first scam is with the billing. They lead you to believe that they will give you information to gain access to bank owned properties.

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