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  1. CashFlowDepot

    Here's a Little Brain Twister For You

    REAL ESTATE 
    the first lien holder will take $25,000 for their $195,000 note Do you see a deal now? If you got the 1st lien note and started the foreclosure ( non-judicial state), you could wipe out the 2nd and 3rd lien. the only lien that would remain is the tax lien. So you could get a $680,000 park...
  2. CashFlowDepot

    Selecting a Property Management Company

    REAL ESTATE 
    If you rent to an investor then they sublease to someone else typically, the investor will be responsible for the first $50 - $100 in repairs. Of course they could pass that cost on to the tenant. If you select an experienced investor with a good track record, you'll get your rent on time each...
  3. CashFlowDepot

    Here's a Little Brain Twister For You

    REAL ESTATE 
    sorry about the spelling that should be BRAIN ( not braing)
  4. CashFlowDepot

    Here's a Little Brain Twister For You

    REAL ESTATE 
    Following is an email I received from a Cash Flow Depot Member…(the names and locations have been withheld) What would you do? Post ideas and I’ll pass them on. I've also sent this brain twister out to my big mailing list and I'll report back what the best ideas were so we can all learn...
  5. CashFlowDepot

    Selecting a Property Management Company

    REAL ESTATE 
    The BEST property management companies are members of NARPM.org ( national association of residential property managers) But there's a better way... (1) Find a really sharp real estate investor in the area where the property is and master lease to the investor. Example, if the house...
  6. CashFlowDepot

    Success Story Jackie Lange - Multiple Streams of Cash Flow

    EXECUTION 
    I ran across this site when MJ emailed Lonnie Scruggs asking to use one of his articles in his upcoming book. I built and manage Lonnie's web site so the email came to me too. Lonnie and I are both very careful who we associate with so I decided to check out the web site and MJ before I...
  7. CashFlowDepot

    You're Invited to a Conference Call with Peter Fortunato

    REAL ESTATE 
    I did record the conference call with Peter but I can't release that one yet. If you'd like to hear one of our other calls, I can put that up on a web site and make it available. Or listen in next week - we'll be talking about how to use insurance to buy houses.
  8. CashFlowDepot

    You're Invited to a Conference Call with Peter Fortunato

    REAL ESTATE 
    Hey Jacksonville, Glad you could join us on the call. Sorry for technical problems with noise tonight. We usually don't have that but Peter really packs them in. There's no one on the face of the earth who knows more about creative deal structuring than Peter Fortunato. I've been to 6 or 7...
  9. CashFlowDepot

    You're Invited to a Conference Call with Peter Fortunato

    REAL ESTATE 
    Every Tuesday night, I do a conference call where I interview a very successful real estate investor. You're invited to the May 19th call with Peter Fortunato - master transaction engineer and deal structuring wizard! The call starts at: 8 pm eastern 7 pm central 6 pm mountain 5 pm pacific...
  10. CashFlowDepot

    Wholesaling Homes

    REAL ESTATE 
    First you need to get a written agreement with your broker that says you are free to do deals for your own account. Then.. Write a purchase contract for the $7,000 with a contingency clause that states that states the contract is subject to inspection and approval by your investors by(date)...
  11. CashFlowDepot

    The Flipping Houses Jackpot

    REAL ESTATE 
    MJ There are really TWO kinds of flipping: A wholesale flip and a retail flip Wholesale FLIPS are when you just get an option to purchase then wholesale the an investor who will fix them up. I've done more than 1,000 of these types of deals and they are the fastest and easiest way to make...
  12. CashFlowDepot

    1 job, 10 applications, 1 hour!

    REAL ESTATE 
    You really don't want to pay by the hour on rehab jobs!! Even at $10 an hour, it could turn out to be the most expensive project you're ever done because they will make the job last as long as possible to keep a paycheck coming in. How do you spell S-L-O-W work?! It is always better to pay...
  13. CashFlowDepot

    Jackie Lange Intro

    I ran across this site when MJ emailed Lonnie Scruggs asking to use one of his articles in his upcoming book. I built and manage Lonnie's web site so the email came to me too. Lonnie and I are both very careful who we associate with so I decided to check out the web site and MJ before I...
  14. CashFlowDepot

    Harder to get a loan? Yup.

    REAL ESTATE 
    Instead of getting bank financing, you should learn about working with private lenders. Just think of all the money that has been pulled OUT of the stock market. It's just sitting on the sidelines - - earning ZERO -- and waiting for a good opportunity. Your real estate deal could be that...
  15. CashFlowDepot

    Mobile homes as revenue properties...

    REAL ESTATE 
    Hello Coach Mobile homes in parks are a great investment. The good news is you can get in cheap and make a lot of money fast. My good friend Lonnie Scruggs teaches how to buy cheap old mobile homes - usually less than $3,000. Then, before you even do any repairs, sell the mobile home with...
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