due diligence, title search, analyzing a deal

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Due Diligence & Analysis

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http://www.lauraalamery.com How to perform your due diligence, title search, analyze a deal and much more. Go to lauraalamery.com for more articles, webinars and information.

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Due Diligence & Analysis

Why Invest in Real Estate?

What type of RE Investor are you?

•Beginner? No Experience at All

•Intermediate? Done Some Deals

•Advanced? Living Off Your Real Estate Investing Efforts

• Due Diligence Checklist• Understanding a Title Report• How to Do Your Own Title Search• How to Analyze a Deal• Organization & Automation

What to Expect?

About Laura

Real Estate Investor and Mentor

Developed Several Real Estate Strategies

From Personal Experience

Started REI 1987Licensed Real Estate

Broker

My Reasons Why …

My First Year in Real Estate Investing

US Housing Forecast

Analyzing a Deal

Asking Price $79,900

Comparables in the area$95,000 (Quick Sale) to $119,000 (High Wholesale)

Offer price($95k+$119k)/2 x 70%=$74,900

if $15,000 rehab needed($95k+$119k)/2-$15,000 x 70%=$59,900

Use OPM to flip it

Profit potential (after closing costs) $18,000

Rule of 70

Take Massive Action

They took Massive Action!

BMWInvestProperties.comDonna Wilson

KC, Missouri

“With Laura's supervision our company has made it to another successful close. How would $53,254.26 change your life?We are very passionate about what we do! Having a good mentor makes all the difference.”

“I met Laura and joined her coaching in 2011. I am glad to say that 2013 was a phenomenal year for me! I profited about $280,000 by wholesaling in Florida and Texas. I had joined other coaching programs before, but this is the first time I met a coach that fully supported and helped me break through!”George GalvinFort Lauderdale, Florida

Due Diligence Checklist

Part 1 – Buying Process

• Select a real estate professional and a title company to work with• Financing properties – mortgage, private money, hard money, seller financing (Buy & Hold)

Part 2 – Escrow and Due Diligence Starts as Contract is Accepted

• Financing Contingencies and Setup (Buy & Hold)• Home Inspection (Buy & Hold)• Appraisal (Buy & Hold)

Due Diligence Checklist

Part 2 - … continue

• Seller Disclosures (“As Is” if Wholesaling)• Lead Based Paint • Title Work and Due Diligence – Abstract and Insurance• HOA Documents Review• Property Insurance (Buy & Hold)

Part 3 – Closing

• Closing Day – Wiring Funds & Transfer of Title• Property Management Consideration (Buy & Hold)

Essential Team Members

Wholesaling

•Real Estate Agent – Investor Friendly•Title Company •Transactional/Hard Money or Private Lender •General Contractor (for work estimate) or the Construction Estimator App

Essential Team Members

Buy and Hold

•Real Estate Agent – Investor Friendly•Title Company •Hard Money, Private Lender, Owner Financing•General Contractor•Building Inspector•Insurance Agent

Recorder of DeedsLiens: Mortgages, Federal & State Income Taxes Liens, Sewer, Water, Judgments, HOA (Homeowner’s Association,) other property documents history

Collector of RevenueBack Property Taxes and Tax Liens

Tax Assessor’s OfficeLegal property ownership, legal description, parcel/plot#

Building Inspections OfficeBuilding violations and inspections

How to Do Your Own Title Search

Forestry DepartmentCutting Grass Fees and Board Up

Sewer Service DepartmentSewer service and bills/liens

ComptrollerCity liens - unpaid taxes and fees

Clerk’s OfficeMechanic Liens (filed by contractors for unpaid work)

HOAIf the property is in a subdivision or a condo development, there are probably Homeowner’s Association Dues

How to Do Your Own Title Search

3 Week Action Plan

Week 1

Set your Goals• Decide one strategy to pursue and

geographical area

Get Title Co & Financing in Place• Transactional or “Dry Closing”

Set up Business Entity

Assemble your Team

Week 2

Start Building your Buyers’ List

Contact & Survey your Buyers’ List

• SurveyMonkey.com• 4 Questions – What, Where, When,

How Much

Look for Properties matching Criteria

Week 3

Write Purchase Contracts

• At least 3 a week

Devise a Tracking System – Follow Up

Set up a One Page site and Market to your Buyers’ List – Laura’s Strategy• Postlets.com

“Rule of Thumb” Profit Potential

Wholesaling $5,000+

Assignments $2,500+

Profit Potential

$10,

What is Your Number?

Profit Potential$10k to $15k per month?

1 or 2 Wholesale Deals

$20,000 a month or more?2 Wholesale DealsAdd Buy & HoldSyndication

Recent Success Story

Why Investing in Real Estate Now?

Fortunes are Made in a Recovering Market

Low Cost of Starting a Business

92% of the Money is made in Real Estate

80% of Net Worth is from Real Estate (Census

Bureau)

Rapid REI Riches

•4 Weeks Intensive Online Training

•Plus … 1 Bonus Week

Bootcamp

•100% Funding up to 360 days (“Soft”)

•60-80% ARV for 2 years (“Hard”)

•No Credit or Income Verification

Funding Partners

•6 months Email Support

•6 months of One on One Coaching Calls

•6 months Step-by-Step Training Site

•Tools and Resources

•** NEW – Online Mastermind Sessions

Coaching

Rapid REI Riches

BootcampModule 1 – Week 1 Business Organization and Team Development Real Estate Business Flow Mindset of a Successful Investor – A Strategic Plan Module 2 – Week 2 Building a Qualified Buyers’ List and Exit Strategies How and Where to Locate Distressed Sellers Negotiation Skills and Role Playing

Module 3 – Week 3 How to Analyze a Deal and Submit Offers Setting Up Financing – Funding Resources

Rapid REI Riches

BootcampModule 4 – Week 4 Wholesaling and Virtual Wholesaling Strategies Buy & Hold – The Complete Plan

** Module 5 – Bonus Week 5 (sign up in the next 60 minutes) Business Automation Marketing Secrets – Online and Offline Bonus “Unknown” Strategies

Tax Delinquent Abandoned Properties Reverse Short Sales Court Filings How to Do Your Own Title Search

3 Week Action Plan – Make Money in Less than a Month!

Investor Support

6 Months Email Support

6 Months One on One Coaching Calls

6 Months of Online Training Site, with Access to Forms, Resources, Step-by-Step Tutorials

Weekly Accountability Follow Up Members Only Mastermind Meetings & Forum

Funding PartnersAvailable only

to participants in program

Asset Based Lending “Soft” and “Hard” Money Lenders Partners

100% Funding on Wholesaling up to 1 year

60-80% Funding on Rehabs up to 2 years

No Credit or Income Verification

Coaching Tutorials

Resources

Real Estate FormsAdvertising ScriptsReal Estate Financing (Financing Placement)Hard Money Lenders, Proof of Funds Letters and Transactional FundingReal Estate Calculators and ToolsReal Estate ProfessionalsReal Estate Marketing StrategiesWebsite Templates Grants DirectoryREO Banks Directory… and much more

>> Today Special Price <<

$997

Financing Plans Available

Total RE Investing Program

Lease Options & “Subject To” Complete Program

(Value $197)

Fast Action ... Bonus

BONUS!Only If You Sign Up Today!

How to Raise Private Money Now(Value $497)

Fast Action … Bonus

** NEW Course Module **Only If You Sign Up Today!

Quick Start Coaching Consultation(Value $250)

We Develop a Personalized Plan Together!

60 Minutes One on One

Investor Support

6 Months Email Support

6 Months One on One Coaching Calls

6 Months of Online Training Site, with Access to Forms, Resources, Step-by-Step Tutorials

Weekly Accountability Follow Up Members Only Mastermind Meetings & Forum

12

12

12

>> Today Special Price <<

$997

Financing Plans Available

Total RE Investing Program