List Editing

Editing Your Lists

So, you got a list of 15,000 tax delinquent properties from your county, eh? Good job!

Now you'll need to get that list down to a manageable size before you begin marketing. Here are some primary steps you can take manually, using Excel. Watch for an automated tool coming soon that will do all this for you, and more!

Video 1: Clean up unnecessary columns

Video 2: Keep only properties in selected assessed value range

Video 3: Eliminate Duplicate Owner Names/Properties
 

 

Essential Reading For Any DeedGrabber...

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Bryan Wittenmyer's

"Strategic and Tactical Real Estate Investing Secrets"

If you wanted to learn how to prepare a deed, perform a title search, draft a strong option contract, or understand how to fix a bad title, where would you go? It's hard to answer, because, frankly, this information is tightly controlled by title companies and lawyers.

Go into any bookstore and try to find this sort of highly protected information. You won't find it. Believe it or not, it's tough to find even in most law libraries.

What if you get a chance to buy a property with title problems? Walk away? Not on your life! Title problems present the best opportunities to profit! But how do you handle all types of title problems?

You'll find it all here. By the time you finish this material, you'll have a better knowledge of the mechanics of real estate than some attorneys!

Then once you get your first property, read on. "Strategic Secrets" will show you how to cash flow your property by renting or selling on installment contract. With the real estate market the way it is today, you may want to consider letting another investor handle the property, and collecting payments on it for years.

Curious about what repairs you should do to the properties you get, and how to do them? 525 Rehab, Remodel, Repair, and Maintenance Secrets, the third manual in the course, will give you all of the insider shortcuts and secrets to getting repairs done economically!

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$149.00


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This no-frills manual contains 3 books:

  • The Hidden Secrets of a Real Estate Technician
  • Perpetual Income
  • The Creative Real Estate Investor's Notebook of 525 Rehab, Remodel, Repair, and Maintenance Secrets

Read more about each book in the series:

Part 1 - The Hidden Secrets of a Real Estate Technician:

If you wanted to learn how to prepare a deed, perform a title search, draft a strong option contract, or understand how to fix a bad title, where would you go? It's hard to answer, because, frankly, this information is tightly controlled by title companies and lawyers. Go into any bookstore and try to find this sort of highly protected information. You won't find it. Believe it or not, it's tough to find even in most law libraries.

Title companies and lawyers consider this hidden knowledge a major profit center, and they're not about to share it with you just because you're a nice person. For one, lawyers don't have time.

They are in one of the most high pressured, time-driven industries. Spending hours explaining a process to you isn't nearly as profitable as punching a few computer buttons - and out comes a boilerplate document that they'll sell for $250.

Title companies won't tell you either, because it just doesn't make sense for them to give away trade secrets that earn them many hundreds of dollars per customer!

Title companies and lawyers are good people just like any other group of business people. In fact, they are a part of every investor's team. Always have been, always will. I need lawyers and you need them - they are invaluable to society.

What I'm suggesting is that serious investors begin to take a new form of control over their deals by having a strong understanding of the more technical side of investing. Sound boring? Let me tell you why it's not.

Serious investors know that most outrageously underpriced deals are distressed deals. There is some sort of tangled up mess involved. Either the property is trashed, or the finances are trashed, often both: back taxes, judgments, liens, questionable contracts, etc.

Most deals, especially those private, sleeper deals, have problems that need to be understood. If you, the aggressive investor, are able to intelligently understand the paperwork, title search, and closing procedures, you can craft deals that the conventional folks may not understand. Colossal deals. High equity. Cash flow.

Let me give you a true example, a few years ago I found a foreclosure deal that was excellent. The terms were pay the owner's back mortgage payments to reinstate the mortgage and give the owner $55 to deed me the house (it was trashed and nasty).

Knowing the fundamentals of title searching I immediately performed a title search. I wasn't happy about what I found. A $5000 lien along with the defaulted mortgage. I did some further legal research and discovered this type of lien was not to be feared. It was a particular type of lien that almost never is pursued. Plus, I know the lien's statute of limitations. With this and other knowledge I decided to take title anyway. Voila, a few years later, the lien is gone!

Now friend, you must never, ever do this unless you know what you're doing. Underline that twice in your brain. This is not an arena for dabblers. But, the more you learn about the legal facets of these distress deals, the more money you'll save in professional fees, and the more money you'll make by maneuvering these rough but highly profitable waters. Also, remember, the bigger the stakes in terms of total dollars involved, the more legal counsel you need.

Okay, back to why this information is hard to find. There isn't a huge market for this type of specialized knowledge. This is for elite investors only. Not one-time real estate buyers. This information makes absolutely no sense at all for the occasional homeowner or buyer!

If you start hanging around real estate investment associations and clubs you will eventually meet some elite investors. These are the guys who really know their stuff about the inside world of distress property. And let me tell you, these guys are tight lipped. They might throw you a few crumbs now and then, but the real secrets of judgments, defaulted mortgages, title searching is off limits to the uninitiated. They too want to keep this information to themselves.

Finally there's a book written by an investor for investors. The Hidden Secrets of a Real Estate Technician by Bryan Wittenmyer is the only text written in enough detail to get investors started in taking more control of their deals and basic document preparation. Keep in mind, this book should not be the end of your study.

Laws and procedures vary state by state. Laws also are subject to change. Therefore this book is the first major step in your journey to becoming skilled in this craft. I will get you kick started, buy you still need to seek legal counsel and title company advice and insurance when appropriate.

Even if you never decided to handle deed preparation, title searching or do-it-yourself closings, the manual is extremely valuable because it will help you gain new insights and strategies for protecting yourself and knowing what's really going on with a deal. After reading, you should be able to talk intelligently with your attorney or title company.

I personally took several years and studied this material in order to increase my investing prowess. It worked wonders for me. I think you can profit from it also. I have saved many hundreds of dollars in legal fees just from learning how to handle more of my document preparation without a lawyer.


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Part 2 - Perpetual Income

The last thing the world needs is another real estate book. The bookstores are full of them. Let me tell you why this book is different. First of all, most bookstore books are too general and are often written by "writers," not investors. This book is written from experience, and the experience of the author's numerous colleagues, who are professional investors. Skim the surface books won't get you anywhere - you need chapter-after-chapter of helpful ideas and tips.

Another problem with conventional real estate books is they are often boring. This book is not. You may not agree with everything the author boldly says, but you will know where he stands. This book is meat, not soggy bread. On almost every page, the author has key points boldly marked so you get his concepts. It has 183, tightly written, 8 1/2 x 11 pages.

This book is about developing a proper philosophy towards income-stream assets. It is about controlling cash-flows, not being a mother to your tenants.

If you get excited about building an income stream that will last years, if not decades into the future, then this book is for you! This book is about buying lower priced housing - borderline low-income housing but not hard-core slums. Creating cash flow is what this game is all about: Rentals and Installment Sales.

If you like the idea of buying houses and small income properties at 30-50 cents on the dollar, this book is for you. It talks about houses being bought for as low as $3000 each, yes, it is possible (although the norm is around $10,000 - 20,000). The amazing thing is these houses rent for about $400-500 per month!

Another biggie, this book covers in extensive detail proper rehab and repair methods and philosophy. Do not underestimate this fact: most investors over-improve properties and use poor maintenance methods! Learn how to clean up and repair junker houses for $1500 in materials! We spend almost 50-pages on this topic alone! No matter what anyone says, this is a major profit center!

Finally, the book covers a whole host of other topics: How to get free and clear properties in 60-months - How to find tenants who stay in properties for 3-10 years - Business philosophy - Finding personal freedom - and a great section on city codes and property rights self-defense - the right way to sell and hold paper!

I invite you to read this book. Then reread it. This book goes so far beyond landlording, you'll be delighted! It is literally loaded with nuggets of profit ideas and tips. In fact, I don't care if you're an old timer in this business, I'll guarantee you'll find plenty of fresh thinking and tips that will give you new leverage in your business!

My only request is to thoroughly read the entire book. It's like a train, it gets faster and stronger as it gets going. Most of the book is intermediate to advanced material.

A few samples of topics covered:

Perpetual Income topic samples: Creating annuity-like income, bottom feeding for the properties where owners just want out, low-budget kitchen rehabs, low-budget bathroom rehabs, the keys to finding owner financing deals, correct cash-flow formulas and ratios, why lower-income housing can be so lucrative, smart roof repair secrets, how-to find free or almost free building supplies, dumpster diving for treasure, how bad is too bad for neighborhoods, 60-months till free and clear, savvy business philosophy, how to find more freedom personally, finding excellent contract help, the top 20 questions you must answer before buying the deal, managing low-income tenants (not regular management). Why section 8 may not be the best deal, do-it-yourself closings without title companies and lawyers, strategies for dealing with liens and judgments, the very best source of deals, avoiding Realtors, how to rehab a house for about $1500, reverse pyramiding, deconstructing debt, paperwork administration, how to sell on contract with getting burned, creating a perpetual income program, tax and water bill pitfalls, money stretching secrets of carpet, rules for holding paper, charting progress with graphs, secrets of repairing messed up houses (beyond paint and carpet), and dozens of other topics (hard to believe, but true). Order now and profit.

Part 3 - The Creative Real Estate Investor's Notebook of 525 Rehab, Remodel, Repair, and Maintenance Secrets

Bonus! 525 secrets that you can use to inexpensively repair properties before sale, or during rental, to save you thousands of dollars. Some repairs look serious to the untrained eye, but can be completed quickly and easily for minimal cost. Recognize these and profit today!

 

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$149.00


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