Land & House Flipping Made Easy - Amazon Web...
Transcript of Land & House Flipping Made Easy - Amazon Web...
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Land & House Flipping
Made Easy
- Jack Bosch -
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We don't believe in "get rich quick" programs only in hard work, adding value and serving others. As stipulated by law, we can not
and do not make any guarantees about your ability to get results or earn any money with our information, tools or strategies. We don't know you and, besides, your results in life are up to you. Agreed?
The incomes depicted are representative of some of the most successful participants and the majority of individuals earn less. It
is our opinion that most people who purchase any "how to" or "improvement" products, including but not limited to our own, get
little if any results. We believe this is because they don't take action, and they don't keep trying after hitting the inevitable
roadblock. Therefore, these figures should not be considered as guarantees or projections of your actual earnings or profits. If you
want to succeed, you need a desire, a good plan, a solid work ethic, and the ability to keep working toward your goals when you
hit obstacles. Jack Bosch
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Ground Rules:
No Smoking
Turn Cell phones off or on Vibrate
You dance the Chicken Dance or $20.00 donation to my Favorite Charity if Cell phone goes off (Cash or Credit Card)
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Built Bilingual Kindergarten with $25K
www.Ana-Laventa.org
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Overview:
No Video or Audio Recording
LUNCH: 60 min.
Hotel has a lunch special for us
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General Overview:
Raffle each Morning and After Lunch
Fri: 8:30 AM approx. 6:00 PM Friday night: get together at the bar!!!
Sat: 8:30 AM approx. 6:00 PM
Sunday: 8:30 AM 4:00 pm
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You can achieve anything you want in life if you have the courage to dream it, the intelligence to make a realistic plan, and the will to see that plan through to
the end. ~Sidney A. Friedman
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Social Media Contest
Set up Hashtag on Twitter and Facebook
#JackBoschLive
Post there with that hashtag
On Sunday
Will give one COURSE away
The more you post the higher the chances
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Play Full Out
Stanford Retention Study
Listening only
Writing down
Playing Full out
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Play Full Out
Stanford Retention Study
Listening only 5 - 8% Retention
Writing down 45% - 48% Retention
Playing Full out - 85% - 88% Retention
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Play Full Out
Who is willing to
PLAY FULL OUT
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Playing Full Out Means
Doing exercises in full intensity
HAVE FUN
Take a break from your regular life
You can try new stuff
Open to What if this could work
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Stages of Learning
Enthusiastic Beginner
Disillusioned Learner
Capable, but Cautious
Peak Performer
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Enthusiastic Beginner
Fired up
Motivated
Wake up at 5 am and get going
The new stuff you are learning is
blowing your mind
Expanding your horizon
With Growth Comes Excitement
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Disillusioned Learner
Things will need some work
You havent learned everything yet
Getting up not so easy anymore
If you NOW skip a few sessions, fall back into your old habits
You are DOOMED
This is where most people fail
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Capable, but Cautious
Reached level of being comfortable
Capable
But dont yet fully trust newfound
knowledge, and capabilities.
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Peak Performer
You have reached the point where
Things become second nature
Its easy, its comfortable, and its Subconscious Mastery
Doing Deals
Making Money
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Not a get rich quick seminar
Not a do nothing, wake up wealthy event
There are no shortcuts.
Everyone has to go through 4 steps
Why am I saying this now..
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Nobody can get form Step 1 to Step 4 without going through the other two.
Can accelerate the process
Through education
By Learning from the ones before you
The only good is knowledge
and the only evil is ignorance
~ Socrates
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2008:
Stressed Business owner
Not making much money
Got my Course
Did 2 deals in first 4 weeks
But then struggled
Tried to do is his way
Dave Netishen
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Now: Doing 3-5 deals a month
Houses and Land
$10K to $30K profit on each deal
Large monthly cash flow
Paid off House
Built home office with profits
Stay at home Dad
Dave Netishen
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Dave Netishen
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Dave Netishen
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Dave Netishen
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Dave Netishen
Total: $87,741 in 7 days
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Education is most important:
When a subject becomes totally obsolete we make it a required
course. ~ Peter Drucker
Not school education
Real life education
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Without REAL LIFE Financial
Education
working in someone elses dream
working on someone elses goals
depending on what the government
decides about your retirement
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Everything follows rules & recipes
Find Recipes/Pattern
And either follow them
Or figure out how to avoid them
Social Security in the future:
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After this weekend - idea of what is possible
Seen a few recipes to get you to Fin. Independence
What path is the best for you
What timeline is the best for you
You might need further education on how to implement pieces of the puzzle
YOU DONT KNOW WHAT YOU DONT KNOW
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Never be able to say
It takes money to make money
This cant be done
I dont have the money to do this
YOU DONT KNOW WHAT YOU DONT KNOW
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Ultimate GOAL Live The Life You Deserve
Its about the Vision you have
Why do you want to do this?
What is the lifestyle you want to live
What do you want for the rest of your life?
How exactly do you foresee you will pay your bills for the rest of your life
Government wont pay them for you!
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Become Financial Successful in one Weekend
We will teach you 5 techniques this weekend
Plus a bunch more things
They will provide the
Money you have been looking for
The Lifestyle you have been looking for
The debt free life you might be looking for
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What These Techniques Can Do For You
Together These Techniques can build:
BIG One time Cash Pay Days,
BIG Temporary Cash Flow Streams
Forever Cash Freedom For Generations
From
Multiple Streams of income
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We will talk about
The Steps to Success in Land AND HOMES
Tax Lien Strategies
Tax Deed Strategies
Land Profit Generator Method
Hidden Tax Sale Cash Method
Flip it Fast Formula Method
Automation (Do less, make more)
Delegation/Outsourcing
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Tax Delinquent Investing
This is NO LONGER just a LAND event
With the FLIP IT FAST FORMULA
You can apply the SAME principles for both Land AND Homes.
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Its not LAND our HOUSES, its Tax Delinquent Investing
All Techniques Discussed are based on
Tax Delinquent Principles
Done Differently
Without much competition
Everyone can do them
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I Will Show You How To
Buy Houses for as little as $9,000 & no Mortgage
From your living room
How to Sell them within days for profit
Make Land Cash Flow (Big TIME and in THIS Market)
How to never have to go to a Bank and ask for Money
Virtually NO competition
Buy Land for as little as $1,000 with no Mortgage
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- You should Fail Forward
- Start on 3rd Base
- Its NORMAL!!!
- The more failures you had the better prepared you are
Embrace Past Failures
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Embrace Past Failures
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Example Yvonne Lee
65 year old widowed woman
Lives in Maryland
Enrolled in our Premier Pro Program
Main challenge:
Getting push back from family
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Example Yvonne Lee
Got a deal this week
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Example Yvonne Lee
In the words of our/her mentor:
I provided as much encouragement as I could to her, & just this week she got her first deal. She is so excited & the profit she will make will more than pay of the coaching program, hours spent on the program, & mailings!!!! It looks to be a really good deal. I'm sorry I can't give you a better example.
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Take the GOAL sheets
Start with the Goals.
1 year goals
5 year goals
Also take the Business Survey
Exercise
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1 year goals
If we were to meet here again in 1 year from now what would have needed to happen for you to be happy with your life?
Exercise
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On 5 year Goal:
Put down your Vision for your life
How many hours a day would you work
How much money would you make
What would you use that money for
How would you feel?
What would your perfect day look like
Exercise
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Now write down 3-5 Reasons WHY you MUST reach these goals What would happen to your life if you dont
meet these goals
What would your life look like WHEN you reach these goals
Who would you be around
Who would you NOT be around anymore
Exercise
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Share for 2 min with neighbor
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You will learn this weekend how to do just that
Create Deals that make you CASH
Create Deals that create long lasting cash Flow
Learn to build multiple income streams
So that you can live that LIVE you just envisioned
Beautiful thing
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Thats what Forever Cash is about
Replacing ACTIVE Income with Passive income
But first need to do learn
How to Make More Money
How to create Cash Flow
FOREVER CASH
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Three types of cash:
1.One Time Cash:
Work once $$$ once
2.Temporary Cash
Work once $$$ many times (not forever)
3.Forever Cash:
Work once $$$ FOREVER
FOREVER CASH
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We will talk about Forever Cash
All we do Is designed to create
Forever Cash
At the very least Temporary Cash
BUT: ONE TIME CASH IS NEEDED
FOREVER CASH
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Land Flips provide Quick Cash (one time cash)
To get out Out of Debt
Land Flips Provide CASH FLOW
Long lasting Cash flow (Temporary Cash YEARS)
DIFFERENT KINDS OF CASH
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House Flips
One Time Cash Profits:
Keep the Best Deals
Forever Cash
DIFFERENT KINDS OF CASH
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Take every EXCESS DOLLAR we make
Invest in ourselves
Buy FOREVER CASH ASSETS
Buy more CASH FLOW Real Estate
Overall
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We only invest in:
- Cash Flow Estate
- Ourselves (ongoing training)
- Dedicate about $50,000 a year to that
- This year even more as we are in GROWTH mode ($80K)
We only invest in 2 things
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About Jack Bosch
Born In Germany
Came over to US in 1997
Lived in 400 square feet Apartment
Started playing with Real Estate 1999
Took 3 years to figure out this systems
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Real Estate
Not all Investing Created Equal
Most Require either
Credit
Cash (for down payment)
Take on a Mortgage
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System to follow
When we started we needed:
Low Entry Barrier
Low Risk
Little Competition
High Profit Margins
Make Money Fast
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Tax Delinquent Property Investing
Found Tax Liens and Tax Deeds
Then developed from there The Land Profit Generator Business
The HTSC Business
The Tax Delinquent Houses business (FIFF)
The Education and Coaching Business
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Jacks Life Today
The Family
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The House
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This image cannot currently be displayed.This image cannot currently be displayed.
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Tax Delinquent Property Investing
It took 3 YEARS to fail forward
Had no guidance
Then 18 months later Millionaire
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What made the difference?
The right technique
The right Mindset
The right Goals
Not just in one Area of Life
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LIFEBOOK
Lifebook
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Land & House Flipping
Made Easy
- Jack & Michelle Bosch -
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Tax Delinquent Property Investing
All our Techniques Based on Tax Delinquent Properties
HOW THIS WORK
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Tax Delinquent Property Investing
Tax Liens and Tax Deeds
HOW THEY WORK
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Tax Delinquent Fundamentals
County Needs Tax $$$If you dont payCounty Takes Property
Away
Do that in 2 waysTax LiensTax Deeds
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Tax Liens Explained
Tax Liens Secrets
HOW THEY WORK
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Tax Liens: County Issues lien against
property for outstanding PropertiesSell that lien at Public Auction
Auction: Interest DownAmount UP
Tax Liens Explained
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Example: $100,000 PropertyAnnual Taxes: $1,000County issues lien for $1,100
(including some fees)Put $1,100 lien at auction Interest rate: X (varies by state)
Tax Liens Explained
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Bidding goes eitherInterest is being bid down
first bidder offers to accept lien at 18%
Second bidder at 17%...
Tax Liens Explained
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How Tax Liens work!
Or Bidding goesFirst bidder offers
$1,1002nd offers $1,1203rd offers $1,130
All at top interest rate
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How Tax Liens work!
Once you own a Lien YOU have the right to:Get a high interest rateForeclose on the property (foreclosure wipes out all liens except)
Special assessmentsIRS Liens
A few more rights (different by state)
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Interest Penalties
Sometimes Interest Penalty on top
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Tax lien rights
Some States
PREFERRED PURCHASE RIGHT
- Right to buy the next periods taxes - At the FULL interest rate
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Tax lien rights
FORECLOSURE: Owner of Tax Lien has to wait- Between 2 and 5 years - Redemption Period- During that time you accrue interest
- Foreclosure WIPES OUT ALL Private LIENS!!!! (only governmental liens might stay)
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Interest Payment Rules:
NOTE: You do NOT get PAID interest, You EARN interest
Interest paid only when taxes paid off
Result: Only invest in Tax Liens with EXTRA MONEY you wont need in the next 3-5 years
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Foreclosure Rules
Foreclosures Rules are different from state to stateSome States allow you to file for a
treasurer's deedOthers force you to do a Judicial
ForeclosureOthers give you a choice between the two
with different waiting times
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Tax Lien Auctions
Many of them happen online You can participate from anywhere Often need to send in a refundable deposit
to be able to participate Deposit needs to arrive a few days before
auction Then just logon and bid Also absentee bidding sometimes possible,
by submitting written bids ahead of time
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Tax Delinquent Property Investing
Tax Deed Secrets
HOW THEY WORK
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How Tax Deed Auctions work!
County Needs Tax $$$If you dont payCounty Sells The property
OUTRIGHTAdvertises AuctionProperty goes to highest BidderBidder has to pay Cash in 24
hours
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How Tax Deed Auctions work!
If Property doesnt sellEither Re-Listed (CA) Or Goes to State
Opportunity to buy it over the counter
For Full Back Tax ValueAt Discounted price
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Example: Donna Carmon
Single WomanColorado RehabberMany deals went wrong
Over Budget Schedule Delays
Broke
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Example: Donna Carmon
Found Over the Counter Properties by following our Land Program
Bought 27 Properties
Lets listen to her
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Case Study #207 Donna Carmon, Denver, CO
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The Perfect Storm
The perfect storm !!More people letting
properties goEconomy is BadPeople are cutting back and
letting go anything that they can get rid of
Properties cost Property Taxes
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Why Tax Auctions Are HOT !
Easy to participateOften onlineVirtually all liens are
wiped outInstant property
ownershipLow transaction costPerceived bargains
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The Perfect Storm
TV Reality Auction Shows Drive the Masses to Auctions
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Tax Auctions Are Hot
Tax Lien and Deed Education Drive People to Auctions
Millions are being educated to go to Tax Deed Auctions
Increase the Perception of BARGAINS!!!
Drives Hordes of Buyers to Tax Auctions
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BUT
Because There Are Lots of
People at the Auctions
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Tax Auctions THE REALITY
Lots of people participate Often ratio of 3 or 4 bidders for every
Auction propertyInstitutional bidders invest MillionsResult:
fierce competitionPrices often at or above market value
Have to be Good to find deals
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So what to do!!!
TWO OPTIONS:
1. Figure out how to find the bargains
2. Side-step and circumvent the entire High Competition system
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Option 1
Find The Bargains
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1. How to Find Bargains @ Auction
Focus on the kinds of CountiesPropertiesPrice Ranges
The other investors dont focus on
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How to Find Bargains
Focus on:Land (like I do)Rural AreasLower priced PropertiesFree & Clear Houses Land without MortgagesBoarded up housesAbandoned Properties
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How to Find Bargains
Avoid: Properties with Mortgages
(If high value property will probably be redeemed before the auction)
Anything that is nicely maintainedAnd where people live with some pride
of ownership
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How to Find Bargains
Works the Same for Liens and Deeds
As soon as Tax Lien/Deed List is available:Pick your Areas/Price RangesSelect Houses or Land or
Check if they have mortgagesRemove the ones with Mortgages
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How to Find Bargains
Get Plat Maps for each remaining propertiesRemove All which have ODD shapes and are not
useableNow view them online (maps.google.com) or in
person (create a tour plan) LAST: Attend the auction and bid!!
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Option 2
Sidestep The Process
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Sidestep The Process
Find the people who dont want their properties anymore
JUST Before the auctionsMonths/Years Before they
even stop paying their property taxes
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Hidden Tax Sale Cash
Flip it Fast Formula