real estate investing - training
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REAL ESTATE INVESTINGThe Timing Has Never Been Better !!
Get In On The Action !!Education AND Application !!
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Read all the books? Listened to all the webinars?
Not quite sure how to get started?Never pulled the trigger to make your first deal?
Attend this seminar & receive3 months email/phone support FREE
FREE training manual to first 10 registrants30 min FREE training to those arriving 30 min early, 10:15am
Featured Speakers: Joe Corno and Cami Davis
Saturday, November 12, 2011Atascocita Public Library19520 Pinehurst Trails Dr.
Humble, TX 7734610:45am – 4:45pm
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RESERVE A SEAT TODAY:Call: 713-203-3856
Visit: www.dynamiclivingsolutions.co
Before
AFTER
WELCOME
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Each of the purchasers of our products and services who have provided their endorsement or testimonial for use on this site have received a
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DISCLAIMER
Joe Corno
Joe has excelled at: C.E.O., C.O.O., Executive Vice President and Trainer. He has worked for companies and developed them into Top Fortune status. Joe is an innovator in Marketing and Sales which continually qualifies him as a top producer and is someone who always remains ahead-of-the-curve.
His property training is leagues ahead as he trains to: ‘Be The Lender.’ As a professional trainer using a ‘What’s in It For Them’ philosophy, he provides proven concepts and formulas for successful property acquisition.
Camille Davis
Camille has a BS Degree in Psychology from Utah State University and has worked as a medical assistant for a variety of specialty clinics to include Primary Care and Orthopedics. Before children, she enjoyed working at MD Anderson Cancer Center with their Behavioral Science research team.
Camille has a natural gift to relate to people and exemplifies a genuine concern for others and a willingness help.
She began investing in real estate Dec 2012 and her success has sparked a great desire to achieve financial freedom and to help others do the same.
Joe Corno - Formulas
• You can do all yourself
Or;
• You can Share, Partner, and use resources that will benefit your
Business
Value Averaging
• Average the existing area values : Take a sample of all the immediate
properties for sale, all of the prices together. Then; take all of the total square footage of all the samples, and divide the total prices by the total square footage.
This equates to the advertised square footage value in the area.
Rental Averaging
• Take a sampling of the immediate rental properties in the area. Add them all up and divide by the amount of properties used in your sampling.
• This equates to the average rental amount in the area.
70% Rule
• In determining the value on the property you selected, take the average square footage value and multiply it by the amount of square feet of the selected property.
• Then, multiply this figure by 70% (on a property needing no obvious
repairs), and this is your target value to acquire the property.
50/20 Rule
• If the Property needs rehab and obvious attention, use 50% for your target value to acquire, knowing you will need to put the remaining 20% into upgrades, improvements, repairs, etc.
• There is an exception to the 70 and 50/20 Rules
70% rental / Lease Rule
• Average the target property rent by multiplying the square footage of the target property, by the averaged rental amount of the immediate area.
• Then, multiply this amount by 70%. This becomes your assured Rental / Lease amount to rent / lease the property quickly.
• If it ‘cash flows’ it works!
RULE EXCEPTIONS:
• If you have the property pre-sold• If you are going to Occupy• If there are unseen amenities• If you have a personal interest• Lot Value versus; Improvements• Zoning, IE: Commercial/Residential
Finding Properties
• Auctions• Lien Remedying before Auction• Bank Late Lists• Foreclosures• People Referring you properties• Drive Around the Neighborhood
Drive Around the Neighborhood
LOOK FOR:
Overgrown yards, a rain gutter or broken window in disrepair.
Papers accumulated on the porch, all window blinds closed tight.
No sign of outside life, vacant, or; preparing to vacate
AUCTIONStax and trustee
• Websites– www.publicans.com– www.pbfc.com– www.hctax.net– www.recontrust.com– www.acution.com
COUNTY WEBSITES
• Harris County Appraisal District– www.hcad.org
• Title Searches: – county and district clerk (liens &
judgments)
LEADS
• 30-60-90 day late• County Probates• Delinquent tax list• Bird-dogging (DRIVING FOR DOLLARS)
– Vacant/distressed homes• Referrals• Real Estate Agents• Websites• Social Media (facebook, etc.)
PEOPLE SEARCH
• www.spokeo.com• www.people411.com• www.zabasearch.com• www.merlindata.com• Lexis Nexis accurint (paid, more
accurate)• Intelieus
OUR SERVICES
• Rehabbing property• Marketing property• Rental & Lease Agreements• Title Searches• Avoiding foreclosure• Partnering on deals• We assist clients in finding homes
without needing conventional funding
MARKETING• www.craigslist.com• www.facebook.com• www.linkedin.com• www.thegreensheet.com• www.postlets.com• www.har.com• www.kingwoodyardsales.com• www.vflyer.com• Twitter• You Tube• Yahoo Groups (others as well)• Bandit signs
OUR EXPERIENCE
• Began investing in December 2012• 4 deals within first 7 months• Moved into 1st deal (rehabbed and will
sell in approx 2 yrs)• Many other deals• Currently, 13 income producing
properties• TOTAL CASH FLOW per month: – Average > $6000 per month over the past
6 months
Acquired, Rehabbed, moved into
Purchased, Rehabbed, Leased, SOLD
$10,000 profit
Step-by-Step
• Find Motivated Sellers– Vacant homes, Absentee owners,
Probates, Bandit signs, etc.– Find owners• County websites• Ask neighbors• People search• Send a letter (what to write….)• Call the owner (what to say….)
Step-by-Step (cont’d)
• What to offer?– Creative Financing• Subject to the existing loan balance• Leave loan in owners name• Renters take over payments• Renters able to get into a home• Home Owner avoids foreclosure• You get a down payment• You get monthly cash flow• A WIN-WIN-WIN situation
Philosophies:
• What’s in It For Them
• Add Value, Help and Assist, Engage, Connect, and; Trust it to Work!
• Tell every one what you are doing and be excited about it!
The Law of Diffusion Innovation
2.5 % of population are Innovators12.5% of population are Adopters35% are Early Majority35% are Later Majority16% are Lagers
The Golden Circle
Market on the ‘WHY’
WHAT
HOW
WHY
Open Think Tank
Questions:
Scenarios:
Team Evaluations:
THANK YOU
• We LOVE the finished product! Thanks for doing such a fabulous job in such a short amount of time!! We'll have you do it again if the opportunity comes up!
- Josh & Kimberly Oldham