
You are ready to help a homeowner in pre foreclousure. You are investing in a property and doing the Short Sale..
The question I am asked quite often is do I put this property in my name since I am the investor?
You should not have any of the properties owned in your personal name. You should buy property in a Land Trust with a Beneficiary being you. The majority of law firms recommend an LLC entity, which stands for Limited Liability Company. LLCs are becoming more popular and it is easy to see why. They combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership.
The owners (or "members") of an LLC are not personally liable for its debts and liabilities, but also have the benefit of being taxed only once on their profits. Moreover, LLCs are flexible and require less ongoing paperwork. Attorneys believe that there is more protection in a Limited Liability company than having a piece of property in your personal name.
An attorney knowledgeable in LLC and real estate law can help you answer questions for your LLC.
You may think this is expensive, but you may only need an hour or two to get the answers that will provide you with confidence for the future.
It is also recommended that you seek the advice of a CPA in choosing the correct entity in order for you to own property.
Are you ready for a spectacular future in Short Sales?
Would you like more information to get started or to get higher on the ladder of Short Sales Success?
Look no further.
Join me for 3 Days Live Short Sales Training Event in Orlando, Fl
August 28-30, 2009
Click Here for more information
To Your Success,
Hunter Paschall
407-772-2274
For a business to run successfully and smoothly the right equipment makes all the difference.
You Will Need The Following To Operate:
• Telephone
Home, Cell or Office Line
More and more business deals and appointments are made over the phone. Is your business phone friendly?.
Consider that when a person calls your business, this is their first impression, make it a good one!
When people call are they getting a computer voice or a real person?
Do they have to go through punching so many numbers that they just get frustrated and hang up?
Consider your Telephone your life line to your business.
• Fax
Faxes are used widely in the real estate business. Whether you have the standalone Fax machine or use the internet for faxing it is a useful tool.
One of the benefits of a fax machine is electronic signature on contracts that may not be recognized by law in some countries while faxed contracts with copies of signatures are. (check laws for your area)
We like efax.com to send faxes electronically. We receive them through email and use our printer.
It is not required to use an e-fax but recommended
• Computer
Like someone once said to me, how can someone take a business seriously if they do not have a website.
This is true, the world became closer since the age of the interent and the way we market our business and ourselves has changed.
The only way to get on the world wide web is with a computer.
• E-Mail Account
Today you need to pay attention to even the smallest details. The competitive market is even bigger, because of the Internet.
Yes, even your email address can be a reflection of your business.
You can get a free account online at various places such a yahoo, gmail, hotmail, etc even though these email accounts
were primarily set up for personal email accounts at the dawn of the Internet.
While these are used, they can come off as unprofessional. When you get a website, most companies that host the site
will give you free email accounts that can be used for your business.ie: yourname@yourbusiness.com
The next thing to the telephone is email. Check your box often.
• Printer
Can not do without this piece of equipment. We have a copy, printer and scanner in one.
Make it simple on your self. Ask what we are really looking for.
Is it just a basic printer for printing a few documents a week.
Is Color important?
Do we need a Scanner?
Make your list and head to the nearest office store to compare prices.
Once you have your equipment implemented, its time to get out there and make the phone wring, the printer print and show off your business!
Would you like to help homeowners in foreclosure? Do you know about Short Sales?
In the economy today, more and more homeowners need our help.
I can show you how to contribute and make money doing it.
3 Days Live is Coming to Orlando, Fl August 28-30, 2009
I will give you the Best Short Sales Training you will find!
Get more information at 3dayslive.com
To Your Success,
Hunter
407-772-2274
Real Estate Professionals
We have Realtors® that help us with our properties. They are our eyes and ears out in the field showing off our homes. What a wonderful asset they bring to my team. Realtors® research the MLS and they make a commission while helping you the investor, the home owner in distress and it is a win win situation for all when the deal is closed.
Consider the MLS. It is a very powerful tool to help sell your pre-foreclousure homes.
Listing your property allows your house(s) to be visible to other Licensed Real Estate Agents and their buyers
Also Realtors® have a buyers list that they match up to your homes, how great is that!
A Mortgage Broker
There are many Mortgage Brokers in your local Real Estate Community.
Staying current about the real estate market is what the best mortgage brokers do and usually use a different number of companies to arrange a mortgage giving you more choices.
Having the correct Mortgage Broker on your team will weed out unqualified buyers.
It is recommended that you form a relationship with several.
A Title Company
You want to find a Title Company that is willing to work for you when you need them. The Title Company helps you close your deal. The way to find a Title Company is by speaking with people in your real estate community. When working with your Title Company, you might find that you are teaching them about Land Trusts and the creative things you do with your business! Be grateful for all the services you get, and show your appreciation.
Coming Together is a Beginning, Keeping Together is Progress, Working Together is Success
Have a Fantastic Day,
Hunter
407-772-2274
3 Days Live Short Sale Training Event coming to Orlando, Fl
August 28-30, 2009 Get Info Here!
You may find a lot of the Sellers you are trying to contact or Sellers that have contacted you probably no longer live in the Pre-Foreclosed property.
These distressed home owners are usually down to their last option, have already given up hope and just walked away from the home.
They are expecting the bank to take their home and their credit to be tarnished.
These people need to know they can still be helped by doing a Short Sale, which is one of the most effective ways for discounting loans in real estate.
It is definitely harder to track down the Sellers of these Vacant Properties, but you can try to find their contact information the following ways:
1. Go to the house and leave a Yellow letter in the door.
2. Go to the neighbors and find out where the Homeowner moved
3. Locate telephone numbers on the free telephone search websites
4. Contact a skip tracer to obtain the telephone number of the Homeowner and their new address, i.e. www.findtheseller.com
It is to your advantage to track down these Sellers because:
1. Most of the time the Homeowner does want to save their credit
2. Many investors do not track vacant homes giving you less competition
3. Selling vacant houses is easier because you are able to allow your new buyers instant access
Doing Short Sales can create huge investment opportunities and you are helping a homeowner in distress. How great is that?
To Your Success,
Hunter
407-772-2274
More ways to find properties and help the homeowners that works for me are in my Short Sales Home Study Guide plus bonuses you will need to be a success!
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