Want a totally FREE house no strings attached? No money, no obligation, nothing. Just a free house?

(not some piece of crap that needs 20k in work either. A good solid house you can flip for 100% profit or keep as a rental)
Free House

Here’s WHY and HOW?

First the How:

Why would anyone want a free house. It’s probably a peice of %$@# anyway right?

Well this is no HGTV giveaway, but it is a solid bread and butter property you’d could easily sell and keep 100% of the sale price. (actually there are 3 being given away) and anyone can win them with not money and no strings attached. (and there’s no sort of purchase that will increase your chances of wining either)

Fellow REI investor/trainer Kenny Rushing (a mega investing brotha from the Tampa area) buys up entire neighborhoods in Bulk REO acquisitions and the flips them to large capital funds.

Well, he pulled out 3 of the houses from his last Bulk REO pkg. and is giving them away to 3 lucky investors. (it cost him nothing, because he already re-sold the REO pkg of homes for more than he paid for it, even without the 3 houses)

That’s the HOW…

Now for the WHY:

Well, Kenny’s not your ordinary investor. He does not piddle around with a-house-here-a-house-there type strategy.

He buys entire neighborhoods, via BULK REO purchases directly from BofA and other large banks.  And he’s got a new training system where he’s teaching a few lucky soles to do the same thing. (he does not use his own money or credit)

But still, WHY a FREE HOUSE?  Well another reason he’s probably doing this (I dont’ know for sure because I didn’t ask him) is that this is one of the ways he builds his wealth portfolio.

He flips entire Bulk REO packages, siphons off a few of the houses in the package, then re-sells the entire pkg at a profit. He then uses the 3-4 house he kept as rentals.

How’s the ROI on a rental with no debt?  Pretty huge…Pretty cool hugh?

Ok, so you dont’ want any rentals….No problem. Flip luxury property bulk reos and keep vacation house for yourself free.

Kenny is doing a bulk reo flip right now as we speak where a 72 foot yacht was used a colortal and he’s getting this as part of the packge. (a 72 ft yacht can easily run 10mill)

Anyway, food for thought!

So, if you do want a shot at a totally FREE house or just want to check out this whole idea, click here. Free House

Norm

P.S. FYI… This is truly your ultimate NO-Money-Down house. Better yet…NO MONEY EVER.

Except the 100% profit you’ll get to keep when you sell it!

Why and why should we be interested?

The news came out today that home sales in July fell by 27%.  Just yesterday the StarTribune of Minneapolis, MN stated a dramatic increase in apartments being rented, rents rising and landlords making improvements to existing properties to lure new tenants.

As it turns out, these days, ‘luring’ is easy. The number of people looking at apartments is on the rise.

Here are 3 Things This Could Mean for You:

1. If you currently own some apartment units, it may be a good time to follow suit, make some improvements, market to and attract a better, higher level of tenant and even consider raising the rent. When the market is full of ‘buyers’ in this case renters, supply and demand allow us to creep up rents back to there the used to be.

2. If you’ve been thinking about investing in apartments or already own some, apartments prices right now are actualy cheap, because of limited financing out there.   If you can get your hands on some dough, now might be a good time to start looking for some deals.

3.  If you like the idea of upping your game, ‘graduating’ to bigger deals. Go with the trends. Commercial properties in general right now are good deals and you can find them cheap.  Apartments are no different. But you do need to get boned up on the differences between the smaller SF deals and a 10+ unit complex.  Less than 10 units, and you can treat it like a normal SF buy, run the numbers as usual. Get above 10 units and you’re starting to get into different deal calculations.  Dave Lindahl (owner of 7,000) apartment units says his small deal-large deal cut off is 20 units.

Either way, if you’re looking into this, now’s a good time.  But get a partner who’s done it or get some training.

To hear an interview I did with Dave Lindahl on the pros and cons of Apartment investing and what you can expect, go here.

But it’s often not. They know they should get out but they dont’ wan to. They know they can’t afford to stay but the thought of foreclosure pains them. Heck, some are ready, but if they move out, they’ve got not where to go, dont’ know what will happen and are just plain afraid that they’ll get caught out in the cold.

Can’t blame ‘em really!

So what is a good honest self respecting real estate investors supposed to do. How do you Help Them And Yourself at the same time?

Doing nothing solves nothing for either party.

Using typical MAO formula might cause you to hang up the phone after 5 minutes once you realize they’re not willing to work out a solution.

But as a Creative investors….”hand me the keys and I’ll take care of the rest” doesn’t always fly with these folks. They need and want more. They want something, want security, want knowingness that things will be alright.

Too many investors are only going after deals that fall in their lap. When with a small amount of digging and creative deal making there are much better deals ripe for the picken.

And guess what? If you’re a good straight up honest investor (and I hope you are) (damn you if you’re not, quit ruining it for the rest of us) you can actually end up really helping some families find good solutions.

So, beyond your typical ‘deal calculation’ formula how bout adding a few of these things to the mix. They’ll help you secure MORE deals, that you’d otherwise have tossed.

1. How to help them KEEP their house and you still win

2. How to use Loss Mitigation to help them stop foreclosure

3. Hook up with a short sale negotiation firm to handle their short sale for them

4. Negotiate wiht the bank yourself

5. What about Loan Modifications…how does this help you? good question, but it can.

To many of you are ‘cutting your losses to early’. I’m not suggesting adding a ton more work to your load, but with a few more options in your bag, you might just come out the other side with more deals and more lucrative deals.

AND…You’d be the hero for helping these folks out.

Norm

PS. My friend and fellow investor covered some of these options in Section 4 of his 82 page Special Report “The Foreclosure Meltdown”
you can download it here if you want: http://www.20dealsamonth.com/blog/justin

Well, there’s been some abuse of this rule and now the IRS is shaking things up.

(Thanks a lot to all charlatans who blew it for us)

Here’s a couple of serious facts:

1. If the IRS thinks you misclassified people you paid to do ‘side’ or ‘contract’ work, they could reclassify them as ‘employees’ and charge you back payroll taxes and penalties for not paying. (huge $$$$$$ fines)
2. If the people you hire ARE truthfully employees, then man-up and classify them as such and pay the damn taxes, quit ruining the Independent Contractor status for the rest of us.
3. Be mindful that immigrants (both illegal & green-carded) are being advised that if they don’t to pay the taxes on the money they made as an “Independent Contractor” than they can fill out a form and tell the IRS they’re actually employees.

You gotta get your situation straight on this stuff…the IRS means business and you need to get informed.

Here’s the deal…If you pay anyone consistently more than $600 a year, you need to read the new facts on this stuff.

Check out Dr. Sara’s Tax Blog for a recent post on this topic.

Norm

Yesterday was the ‘Super-Tuesday’ of primaries.

And throughout June many of you will be voting in
your primary elections.

This is NOT a political post, but taxes and
politics are closely related…And here’s what
this has to do with me and you:

==>If you followed any of the race results
yesterday and over the month of Junes so far,
there’s a clear buck against incumbents and ‘the
establishment’.

There’s going to be a lot of new first time faces
in Washington come January.

What does this mean for Taxes and You the tax
paying real estate investor/entrepreneur?

The balance of power is certain to shift. And come
January, it will likely be much tougher to get
sweeping tax changes passed.

Which means a ramping up of tax changes between
now and January is almost gauranteed.

Why?

It’s already been happening…

If you’ve been following tax changes recently, you
already know there are major shocking changes.
Changes in capital gains, rental income, passive
income, section 179, schedule c, 1099s, and much
more. Which all result in huge tax increases.

(I’ll mention, there are new tax credits also)

With this new revelation at the voting booth,
Watch out for even more serious changes.

If you’ve not seen the tax changes already passed in
the last 6-12 months, and want to see a few ways
to protect your self from them, you can check out
this video.

http://www.askyourmembers.com/tax/vidsqz.htm

Enjoy!

Norm

Consider this…

The Top 10 Things a virtual Assistant Can Do for
YOU the Real Estate Investor Starting Next Week?

…To save you time-
…To save you aggravation
…To help you make more $
…To allow you to focus on what you’re good at &
enjoy
…To provide skills you don’t have
…To Replace you (mostly;)

Your ‘e probably sick and tired of working so hard
right?  Been there done that?

But there’s just so much damn busy work to
do…how do people do it all?

Sometimes it’s not even fun anymore? Ever felt
that way?

Well, you’re not alone.

In fact, RE investors all over the country are
feeling the same thing, But many have found ‘the
equalizer’ …something that makes it all better!

==>>GET THIS>>==, Ever thought it’d be nice to
have an assistant? One that works for you 40hrs a
week and does what ever you want and need?

A young, college educated 20 yr old anxious to
work hard?

Here’s 10 things VAs (virtual assistants) are
doing for Real Estate Investors.
1. Monitor Craigs list

2. Scour other FSBO sights

3. Keep up with and track county
foreclosure lists

4. Scour the Internet for buyers

5. Search the net for sellers

6. Assemble the short sale pkg.

7. Follow up with sellers on the ‘fence’

8. Keep track of all your leads

9. Be the ‘first responder’ to your website
inquires’

10. Post your properties on craig’s list, and all
the other sites you post too.
==>>>LOOK>>==

I know all these 10 things are ‘little things’ but
they add up, they take time and lets face
it…There’s only so much time in a day.

You can only do so much. PLUS>>>

My friend Tim, from Houston, a mega investor has
more than 12 full time VAs working his REI
business for him.

See how he does it tomorrow night on a special
webinar.

LearnMore

Register Now, We’ll See ya then.

Norm

P.S. How much to you have to pay them? About 90%
less than you’d expect.

What?…How in the %&$#?

Hey, And that’s not the end of it.

He was there with his entire family touring around
and generally having an awesome time. (who
wouldn’t be enjoying themselves on a huge 2 month
vacation. Who ever heard of such a thing)

There’s TWO big fat interesting things about this:

1.How’d the guy have enough money to take his
whole family on vacation to 2 MONTHS! That must of
cost a fortune.

2. How was it that if he’s on the other side of
the world, he still flipped 8 houses back in
Houston?

I don’t what kind of lifestyle you live, but I’ll
confess something right here.

I’d love to be in a position to leave for 2 months
on world-wind vacation and come back home to see
that’s 8 deals had been closed on my behalf. Money
in the bank.

What about you?

Well, this 30 yr old ‘punk’ is a friend of mine
and we’ll be having him on a Webinar Tomorrow
night to discuss what in the world he’s doing that
allows him this freedom.

Interested?

Here’s Some of What I’ll Get Him to Cover:

1. A systematic approach to real estate investing
where almost every single thing you do already has a preset result
(You can’t get any more “connect-the-dots” than this.)

2. How to automate your business so it runs like a
well-oiled machine with or without you.

3. A system that allows you to acquire and sell
properties lightning fast (this you gotta see especially if you need to
make money right now)

4. The easiest system to implement even if you’re
entirely a newbie! (In fact it’s so easy, my friend has $2/hour
Virtual Assistants doing this for him)

5. How to get the most motivated sellers and the
most qualified buyers online and hit pay-dirt every-time.

6. How you can learn everything you need to know
about a property in minutes without leaving your house – even if
the property is across the country (You’ll love this)

7. A way to control a property and market it but
still have the unlimited opportunity to back out from it if you change your
mind.

8. The almost ‘miraculous’ way to sell any deal in
just one weekend.

Sound Pretty Cool?

Turns out they know you overpaid and THEY’re NOT
Going to PAY You BACK!

April 2010: Tax Policy Center [verbatim]

 ”The IRS Tax Code is getting more complex every
year. There are 20-50% of the people who file
their taxes that miss tax deductions and/or
credits that they really qualify to get. So all
 those people are paying more taxes than they are
required to pay.”

 ”One of the reasons that the IRS code is so
complex is that there is more than one way a tax
deduction, credit, delay taxes on something  and
be done.  Other things is how do you classify
Income, expenses and much more.  If there was only
one way to treat something then the tax code would
be less than half the size it is now.”
Well, I’ve known this all along…If you didn’t,
you’d better learn it.

Because THEY’re NOT Going to tell you made a
mistake and overpaid!

Better tune into this call on Tuesday:

Check it Out

Norm

Uh..What The F$%#…yea!…shocking hugh…

The Changes to the 2010 Tax Code are MASSIVE and they Affect Real Estate Investors in a Huge Way.

Is there a way around it???
First off, make sure to be on our TeleSeminar this Tuesday as I go over what’s happening. Get call in #s here:

Second, get this:  In all, there are more than 150 Significant Changes to the 2010 Tax Code that DIRECTLY AFFECT Real Estate Investors?
(about 145 more changes than your accountant will ever mention to you)

Wait till you hear what they’ve done…you simply won’t believe it…
==>The good thing is, that there are some legal work-a rounds that will save you a bundle if you plan ahead. (as in right now.

Let Me Put it Straight To You!! 
Your Entire Approach to Making Money & Saving Money on Taxes Will Have to Change or You’ll Be Left With Nothing Much At All

Your standard ‘creative’ deductions will no longer save you from these new changes!

Join Me for a TeleSeminar on TUESDAY May 11 at 9pm and you’ll see what some of these changes are!

Brace yourself, they’re pretty strong.  Get call in #s here:

Norm Reid

A tax preparer (CPA, accountant, etc.) Prepares your taxes. They take the numbers you give them and put them in the right places.

They Don’t ADVISE you. Their not giving you tax strategy. They’re not interpreting new changes to the tax code and telling you about them.

They are simply tax prepareres.
(nothing wrong with that, just making a statement)

The mistake people often make is they think their getting ADVICE, when they’re really only getting PREPERATION.

My personal Tax Strategist Told me a ton of brand-new changes to the tax code the other day that my CPA tax preparer DID NOT EVEN BRING UP.

Did you know there are more than 150 investor-specific changes just this year in the 1500 page Change-book the IRS put out for 2010?

Get this…

==>Massive changes and a complete overhaul of FORGIVEN DEBT. Anyone buying, selling short sales, foreclosures, loan mods or in trouble on your own house.

==>There are many 1 year only provisions, that if you do or don’t’ do them NOW, you won’t be able too later. Some you don’t want to miss out on.

==>With only a few weeks left till April 15, there are still things you can re-classify, re-catagorize and set up before it’s too late.

==>And many more changes that affect; landlords, flippers, Sub-2ers, rehabbers, commercial property owners, sandwich leases and just about every type of real estate investment out there.

Anyway, want to learn more? I got my personal tax strategist to clue us in.  (i’ll be there right along with you)

http://www.askyourmembers.com/tax/new.htm

Norm Reid

P. S. Nothing will be sold on this call, this is my personal tax strategist and she’s just delivering content and taking questions at the end.