Land & House Flipping Made Easy - Amazon Web...

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Land & House Flipping Made Easy - Jack Bosch -

Transcript of Land & House Flipping Made Easy - Amazon Web...

  • Land & House Flipping

    Made Easy

    - Jack Bosch -

  • 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

  • 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)

  • Built Bilingual Kindergarten with $25K

    www.Ana-Laventa.org

  • Overview:

    No Video or Audio Recording

    LUNCH: 60 min.

    Hotel has a lunch special for us

  • 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

  • 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

  • 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

  • Play Full Out

    Stanford Retention Study

    Listening only

    Writing down

    Playing Full out

  • Play Full Out

    Stanford Retention Study

    Listening only 5 - 8% Retention

    Writing down 45% - 48% Retention

    Playing Full out - 85% - 88% Retention

  • Play Full Out

    Who is willing to

    PLAY FULL OUT

  • 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

  • Stages of Learning

    Enthusiastic Beginner

    Disillusioned Learner

    Capable, but Cautious

    Peak Performer

  • 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

  • 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

  • Capable, but Cautious

    Reached level of being comfortable

    Capable

    But dont yet fully trust newfound

    knowledge, and capabilities.

  • Peak Performer

    You have reached the point where

    Things become second nature

    Its easy, its comfortable, and its Subconscious Mastery

    Doing Deals

    Making Money

  • 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..

  • 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

  • 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

  • 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

  • Dave Netishen

  • Dave Netishen

  • Dave Netishen

  • Dave Netishen

    Total: $87,741 in 7 days

  • Education is most important:

    When a subject becomes totally obsolete we make it a required

    course. ~ Peter Drucker

    Not school education

    Real life education

  • Without REAL LIFE Financial

    Education

    working in someone elses dream

    working on someone elses goals

    depending on what the government

    decides about your retirement

  • Everything follows rules & recipes

    Find Recipes/Pattern

    And either follow them

    Or figure out how to avoid them

    Social Security in the future:

  • 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

  • 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

  • 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!

  • 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

  • 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

  • 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

  • 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.

  • 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

  • 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

  • - You should Fail Forward

    - Start on 3rd Base

    - Its NORMAL!!!

    - The more failures you had the better prepared you are

    Embrace Past Failures

  • Embrace Past Failures

  • Example Yvonne Lee

    65 year old widowed woman

    Lives in Maryland

    Enrolled in our Premier Pro Program

    Main challenge:

    Getting push back from family

  • Example Yvonne Lee

    Got a deal this week

  • 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.

  • Take the GOAL sheets

    Start with the Goals.

    1 year goals

    5 year goals

    Also take the Business Survey

    Exercise

  • 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

  • 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

  • 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

  • Share for 2 min with neighbor

  • 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

  • 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

  • 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

  • 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

  • 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

  • House Flips

    One Time Cash Profits:

    Keep the Best Deals

    Forever Cash

    DIFFERENT KINDS OF CASH

  • Take every EXCESS DOLLAR we make

    Invest in ourselves

    Buy FOREVER CASH ASSETS

    Buy more CASH FLOW Real Estate

    Overall

  • 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

  • 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

  • Real Estate

    Not all Investing Created Equal

    Most Require either

    Credit

    Cash (for down payment)

    Take on a Mortgage

  • System to follow

    When we started we needed:

    Low Entry Barrier

    Low Risk

    Little Competition

    High Profit Margins

    Make Money Fast

  • 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

  • Jacks Life Today

    The Family

  • The House

  • This image cannot currently be displayed.This image cannot currently be displayed.

  • Tax Delinquent Property Investing

    It took 3 YEARS to fail forward

    Had no guidance

    Then 18 months later Millionaire

  • What made the difference?

    The right technique

    The right Mindset

    The right Goals

    Not just in one Area of Life

  • LIFEBOOK

    Lifebook

  • Land & House Flipping

    Made Easy

    - Jack & Michelle Bosch -

  • Tax Delinquent Property Investing

    All our Techniques Based on Tax Delinquent Properties

    HOW THIS WORK

  • Tax Delinquent Property Investing

    Tax Liens and Tax Deeds

    HOW THEY WORK

  • Tax Delinquent Fundamentals

    County Needs Tax $$$If you dont payCounty Takes Property

    Away

    Do that in 2 waysTax LiensTax Deeds

  • Tax Liens Explained

    Tax Liens Secrets

    HOW THEY WORK

  • Tax Liens: County Issues lien against

    property for outstanding PropertiesSell that lien at Public Auction

    Auction: Interest DownAmount UP

    Tax Liens Explained

  • 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

  • Bidding goes eitherInterest is being bid down

    first bidder offers to accept lien at 18%

    Second bidder at 17%...

    Tax Liens Explained

  • How Tax Liens work!

    Or Bidding goesFirst bidder offers

    $1,1002nd offers $1,1203rd offers $1,130

    All at top interest rate

  • 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)

  • Interest Penalties

    Sometimes Interest Penalty on top

  • Tax lien rights

    Some States

    PREFERRED PURCHASE RIGHT

    - Right to buy the next periods taxes - At the FULL interest rate

  • 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)

  • 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

  • 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

  • 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

  • Tax Delinquent Property Investing

    Tax Deed Secrets

    HOW THEY WORK

  • 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

  • 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

  • Example: Donna Carmon

    Single WomanColorado RehabberMany deals went wrong

    Over Budget Schedule Delays

    Broke

  • Example: Donna Carmon

    Found Over the Counter Properties by following our Land Program

    Bought 27 Properties

    Lets listen to her

  • Case Study #207 Donna Carmon, Denver, CO

  • 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

  • Why Tax Auctions Are HOT !

    Easy to participateOften onlineVirtually all liens are

    wiped outInstant property

    ownershipLow transaction costPerceived bargains

  • The Perfect Storm

    TV Reality Auction Shows Drive the Masses to Auctions

  • 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

  • BUT

    Because There Are Lots of

    People at the Auctions

  • 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

  • So what to do!!!

    TWO OPTIONS:

    1. Figure out how to find the bargains

    2. Side-step and circumvent the entire High Competition system

  • Option 1

    Find The Bargains

  • 1. How to Find Bargains @ Auction

    Focus on the kinds of CountiesPropertiesPrice Ranges

    The other investors dont focus on

  • How to Find Bargains

    Focus on:Land (like I do)Rural AreasLower priced PropertiesFree & Clear Houses Land without MortgagesBoarded up housesAbandoned Properties

  • 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

  • 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

  • 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!!

  • Option 2

    Sidestep The Process

  • 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

  • Hidden Tax Sale Cash

    Flip it Fast Formula