How to Find Investment Deals For .10 Cents on the Dollar

Since I wanted my article to detail the exact steps you need to take in order to become more successful in real estate investing than you ever dreamed of, I had to sit down and analyze some very important issues that all of you are likely to face as you begin investing. Nothing but small speed bumps in your path, but still – these same issues can cause people to literally throw in the towel before they even begin.

Now, why does this happen?

Well, because there are certain issues and situations that are going to require you to “think outside the box,” so to speak – and to gather up resources that you may never have given a second thought to before... but you will begin to realize these very resources can be your best friends in your investing future. I know that on the surface this is a bit confusing to follow right now… but please just bear with me, because in the long run this will all fall into place and make perfect sense to you. Years ago – well over a decade now – when I first began real estate investing, there were many times and situations where I took the good old “long road” to getting answers to questions I had, because everyone I talked to seemed to give a different answer along with their personal viewpoint of what they thought I actually needed to know. It’s confusing to say the very least, and really aggravating when you’re starting something new (or even if you’ve done this a few times before) and are not sure exactly which steps to take next, who to speak to and what to say to them, etc. Also, most people beginning in this field really want to branch out and get away from their daily 9-to-5 grind and start living the life they know they deserve. And most people don’t have tons of start up money just lying around or burning a hole in their pockets; every single dime counts. Even if you do have plenty of money lying around, it isn’t in your best interest to necessarily use it – but again, that’s further down the road. My main issue was getting people started off on the right foot – with a clear analysis of their current situation and from that, details about exactly where they need to begin. So with that in mind, Use this article as an educational section to give you an idea of where to start looking for certain things you will need to help with your investing. Actually, I’ve recently revised this article and so not only will you be getting the best and most up-to-date information for your investing future, but you will also get some resources to help you and your family in other areas of your life too. A win-win situation! So let’s get some facts out in the open…if you're serious about real estate investing (or any other type of business, for that matter) this step absolutely cannot be ignored. Well over half of the people in this country at this time have some sort of legal situation pending. If you're in business for yourself, whether it's real estate or any other kind of business, you're pretty much guaranteed to enter into a legal matter and/or need expert legal advice at some point. It can seem pretty overwhelming and almost enough to scare you away from the whole idea of getting started in this whole game anyway. For a long time, I promoted a discounted legal plan with benefits that covered some basic areas of real estate contract review and consultations with a lawyer in your own state that worked pretty well for a lot of my clients. You may have heard of the company before; it’s called PrePaid Legal, and is still very much around. I was a subscriber to this plan myself and used their legal services quite often for a long time. The plan was affordable and worked on a month-to-month basis with no long-term contracts or anything like that. So I told my clients to check this out as an option. The only thing was that as real estate became more complicated and things like “creative” contracts started popping up everywhere, a lot of valid questions my clients had couldn’t be answered by the attorneys in this legal plan, because those questions seemed to fall out of the attorneys’ fields of expertise. Everyone always has lots of legal related questions when they’re in the middle of a real estate deal – and I do my very best to help answer all of them that I possibly can. But, I’m not a lawyer/accountant/tax advisor/financial analyst/etc., so instead of just “guessing” what would work in those situations I wanted to find something that could better help my students. Face it; when there’s a deal on the line and you have a 10-page creative real estate contract thrown in front of you and you can’t say for sure whether it’s the best deal you can get – you definitely want someone with knowledge to be able to look it over and tell you exactly what it means. Here are just a few of the many questions that most beginners have once they start getting involved in deals and looking over paperwork (I’m sure you’ll find yourself saying, “Yeah, I wanted to know that too!” about some of them…or at least you will down the road!)

• “Who is the grantee and grantor in a closing?”
• “Do real estate forms have to be notarized?”
• “What does tenancy in common mean?”
• “What is the difference in a warranty and a quitclaim deed?”
• “What exactly is a creative real estate contract? Is it legal in my state?”
• “I’m just a beginner; should I incorporate? Which state should I incorporate in? Or what should I do to maximize my tax benefits with my real estate investing?”
• “I just filed bankruptcy; how easy is this going to be for me to get started in real estate investing?”

That’s just a very small sampling and believe it or not, the topics are all interrelated. They deal with the need for people to know very important information from a knowledgeable professional in the field. As much as I’d love to be able to help in this aspect, as I said before I’m not a lawyer or anything like that so legally I cannot give out advice about law, incorporating, etc. Number one, it’s not ethical from a business standpoint since I don’t have the formal training or experience and number two, because I don’t have the formal training or experience I could accidentally overlook something that is important for my clients to know and that could be the ‘make-or-break’ in their situation – and I don’t want something like that hanging over my head. So, I kept searching for something with staying power that could help my clients. Luckily we’re in the “information age” now, and while there is so much helpful information online it’s sometimes hard to figure out which is the best versus which is the most cost-effective for your particular situation and so on. And I will always provide you with the best and most cost-effective (free, if possible) information I can find. So, after a few years of looking into many different options, I found one that I’d like to share with you now. This is a more advanced package that I’m currently a member of and because I have had good experience with this company, I’m recommending them to you to give you help regarding your real estate deals. Their complete program has literally increased my investment income 225% in less than 6 months!

Talk to you soon,

Paul L