// MENTORSHIP PROGRAM
KEY CONCEPTS YOU WILL LEARN
DISTRESSED PROPERTY AQUISITION
• Understand the process of a short sale
• Understand the role of each party in a short sale transaction
• Evaluate potential deals and determine how much to offer
• Understand why and how to validate the Broker’s Price Opinion (BPO)
• Examine the documents used in a short sale transaction
• Discuss how to communicate effectively and work with the seller
• Learn how to deal with banks, liens, judgments, and other title issues
• Learn the components that can create significant profits when purchasing pre-foreclosure properties by discounting existing mortgages
• Understand the foreclosure process, how to find and market to leads, and how to evaluate a deal
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
CREATIVE ACQUISITION
• Creative techniques and strategies for acquiring and controlling properties
• Basic investment ownership and control terminology
• Factors contributing to seller motivation
• Acquisition strategies: Equity sharing, Options, Agreements for Deed, Wraparound Mortgages, and more
• Step-by-step techniques of buying and controlling properties without having to qualify for bank financing
• Identify the benefits of using various acquisition strategies
• Learn the components that can create significant profits when purchasing pre-foreclosure properties by discounting existing mortgages
• Understand the foreclosure process, how to find and market to leads, and how to evaluate a deal
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
FIX & FLIP
• Understand the value of time in a fix and flip strategy
• Distinguish the ideal target property for a fix and flip
• Identify the steps to achieving a successful fix and flip
• Decide which tasks to undertake when doing a fix and flip
• Learn the purpose and “‘how-to” process of fixing and flipping properties for a profit
• Understand the advantages and disadvantages of various financing and marketing strategies
• Review the acquisition, repair, escrow, and marketing processes
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
PROBATE
• Understand the process of a probate transaction
• Strategies to buy probate properties at deep discounts
• Beat the competition to the deals before they hit the open market
• Learn the value of probate as a niche acquisition strategy
• Understand the role of each party in a probate transaction
• Learn how to navigate the county recorder’s office to search for probate deals
• Learn why this is a never ending lead source
BUYER BEWARE
• Learn how to obtain the lead
• Learn how to properly analyze a potential rental acquisition
• Learn how to make the offer and present the contract
• Learn the art of performing due diligence
• Learn the different ways of obtaining financing
• Participate in deal analysis break out sessionsponents that can create significant profits when purchasing pre-foreclosure properties by discounting existing mortgages
• Understand the foreclosure process, how to find and market to leads, and how to evaluate a deal
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
BUY & HOLD
• the different types of rental properties
• Learn the various legal aspects of owning rental properties
• Learn about leases/disclosures
• Understand how your retirement plan can own rental properties
• Learn how to screen tenants
• Become acquainted with the rental application process
• Learn how to use public records to research prospective tenants
• Learn the property management do’s and don’ts
• Learn when to use contractors or employees
• Learn how to effectively manage your rental portfolio
• Learn how to evaluate properties using the cash flow formula
TAX & LEGAL
• Understand the similarities and differences between various business entities
• Compare the tax pros and cons of each type of business entity
• Understand legal issues related to the “corporate veil” and learn how investors can protect themselves from a potential lawsuit
• Learn basic contract principles and typical pitfalls to avoid
• Review IRS classifications of real estate investors
• Understand passive loss rules for investors as well as the basics about auto, travel, and medical expense deductions
• Review asset protection and tax deduction strategies
• Learn estate planning concepts and how to apply them to fit your family’s current and future needs
• Understand the tax ramifications of selling different types of property
• Learn how to structure your IRA for real estate investing
• Sensible approaches to legal situations in real estate investing
• Learn how to avoid prohibited transactions when using your IRA for real estate investing
• Asset protection and deception
• Review various methods to maximize deductions and minimize taxes
• Considerations for partnering and receiving money from others
SELF DIRECTED RETIREMENT
• Become familiar with different types of self directed retirement options
• Learn to have a retirement plan buy real estate to cash flow into the retirement plan
• Tax deferred or even tax free
• Learn options for using IRA’s/401(k)’s and various other retirement vehicles to invest in what you know
• Learn to raise private capital through retirement plans rather than using costly hard-money
• Use the 60 Day rollover to borrow IRA funds endlessly
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
PROPERTY ANALYSIS
• Identify the inspection aspects of a property that make it viable as a profitable investment
• Understand how to determine exit strategies based on the property and the market
• Learn how to develop a successful marketing plan
• Understand rehab materials and labor cost estimates
• Gain an understanding of methods that can maximize their investment return
• Learn the components that can create significant profits when purchasing pre-foreclosure properties by discounting existing mortgages
• Understand the foreclosure process, how to find and market to leads, and how to evaluate a deal
• Examine the seller’s, bank’s, and investor’s position
• Learn how to approach title issues and how to compile a short sale package
• Interactive Role Playing with Realistic Seller & Buyer Scenarios
• Understand the impact of bankruptcy on the foreclosure process
// CONTACT US
GIVE US A CALL
We invite you to connect with us during our regular business hours by calling our dedicated line at 800-357-1930. Whether you have questions, need assistance, or simply want to explore how we can cater to your needs, our friendly and knowledgeable team is at your service, ready to provide a seamless and personalized experience. Your satisfaction is our priority, and we look forward to hearing from you and assisting you in any way we can.