All Forum Posts by: Jackie Lange

I found my first deal through word-of-mouth. I told everyone I knew that I was going to be a real estate investor and asked if they knew of any run down vacant houses or someone who was motivated to sell. My son's best friend's Mom worked with a guy who had inherited 13 rental properties. They all needed a lot of work. I was not smart enough back then to get an option on them all. But I got one. And that was my start.

The best deals are not listed and don't have for sale signs. You nave to snoop them out.

You need to study their economy and demographics of each country you are considering so you can identify regions of opportunity ( if there are any). Pick the top 3-4 and go for a 3-4 week visit - not as a tourist but looking for where the growth is and where the need is.

Pick one country you like best and that has the most to offer.

Ideally, you would spend at least 6 months out of the year in the country where you want to invest. It takes that much time to really spot the best thing to invest in. And you need boots on the ground to build a team of people you can rely on when you're not there.

Visit with a real estate attorney to get familiar with the rules and regulations.

Some countries are desperate for more housing to be built. Is that something you'd want to do?

Some countries have an extreme shortage of affordable rental housing. That presents the opportunity to buy with seller financing or even better master lease, then sublease.

Some countries, like Costa Rica and Mexico have an over abundance of houses for sale. If you learn creative strategies for selling houses fast and attracting buyers (with cash) from all over the world, you'll make a bundle selling houses. But you need boots on the ground to do it.

Instead of saying you want to invest in foreign countries, you need determine where the best opportunity is in the country(s) you select then provide the "thing" that country needs most.

Find the need, fill the need.

Yes, I've been here for awhile but never got around to my introduction so thought I'd share my background.

This free book offer expires at midnight Pacific time.

It depends on how much energy and effort you put in to it. And if you have a buyer's list before you start looking for houses. And if you find wholesale deals which are NOT listed and do NOT have a for sale sign out front.

It took me 3 weeks to cash my first check after I started wholesaling... some 18 years ago.

Between 1980 and 1982 my whole life changed. That's when my son and daughter were born. I made the decision to quit my long distance operator job so I could stay home to raise my children. Luckily, I had a husband that was very supportive of my decision.

But, as the years went by, I realized that my whole life and livelihood for me and my children were completely dependent on my husband. With national statistics proving that 50% of all marriages end in divorce I knew that I needed to do something to create income of my own...just in case.

After being out of the workforce for 12 years, my employment prospects looked bleak. So I knew I would have to find a way to be my own boss if I wanted to make the kind of money I would need to support me and my children.

I looked in to all kinds of work at home opportunities. The only one I found that would create the kind of income that I wanted to make was real estate. Instead of working 40 hours a week, I could make the same kind of income working just a few hours a week with real state.

Real estate investing offered flexible hours and an unlimited income potential. After reading a few books in the library and studying a few courses, I started my quest to make money with real estate investing. From that point it only took me 3 weeks to cash my first check for $8,000.

I was totally hooked.

In Dallas Texas I did 40 wholesale deals my first year, then moved on to rehabs, subject to deals, buying with seller financing, lease options, highest bidder sales and my favorite ... package deals ( where I'd buy 20-50-100 houses at a time).

Create Your Own Economy

Now, I’ve been successfully buying, selling, leasing and investing in real estate for more than 18 YEARS and have created a "not so small" fortune from real estate. I've bought anything from a $400 mobile home to a $20 million dollar mansion to an 18,000 acre ranch and everything in between! I did this all with no college education (heck, I did good to make it through high school) so don't worry, you don't need a PHD or years of training to make the kind of money many doctors dream about!

It does not matter what's happening with the economy. There are always opportunities to make money with real estate and people will always need a house to live in. What's happening on Wall Street or with the government does not affect me. I've created my own economy and financial security. You can too!!

When I first got started I created a simple web site (www.SellYourHousein7Days) to help generate leads and for credibility. I thought sellers would take me more seriously if I had a web site on my business card.

A New Industry Is Born

Little did I know that the little web site would create a whole new business opportunity. The site was generating leads from all over the world. I was spending way too much time trying to find investors who could work the leads so I decided I needed to come up with a way to automatically distribute the leads and turn it in to a profit center too.

In 2000, I created the very first national house buying organization - The Extreme Success Group. Each member has a license for an exclusive use of 14 lead generating web sites, marketing materials, television commercials, answering service and more. Now I have Extreme Success Group offices WORLDWIDE. I've helped members of my team achieve tremendous success quickly !

That was the same year I met Jack Miller. The most brilliant investor I ever knew. But if you didn't attend his seminars, you could not learn from him. It took 3 years, but I finally talked him in to letting me put his information online. Now I bought out all his family and have an exclusive on all his information.

I've also been a student of marketing, especially internet marketing, throughout my real estate investing career.

You can know 100 ways to buy a house, but if you can't get any leads, you'll never have the chance to use the techniques.

Looking back, I can't imagine where I would be in I had not discovered how to make money with real estate. It is the quickest and easiest way to make a lot of money fast.

I love to travel and moved to Central America (Panama) where I'm still involved in real estate investing...but don't work as hard. The economy is booming here and there is much opportunity plus it's SO MUCH easier to do business in Panama than the USA.

Totally by accident, I also started a tour company in Panama to assist people who are considering relocating here.

Even if you don't make a full time business out of it, just a few deals a year can keep you completely out of debt. Real estate can provide monthly cash flow, wealth accumulation, and tax savings noT available with any other type of business.

fax and email is great except most title companies demand an original document with wet signatures for both the purchase and sale contract and all closing documents. They will not accept a fax or email copy.

Some even require a notarized sales contract to make sure the seller is the person who signed the contract.

Instead of bandit signs, your car needs to be a moving billboard with magnetic signs on each side and the back too.

Recruit some friends or people on craigslist to put signs on their car too. Offer to pay $500 for each house you buy from their signs.

The fines from bandit signs are very high in most areas.

And, sellers know they are illegal. What seller would want to work with someone who does illegal things? What other illegal things would you do they might ask?

If you just send letters to a whole neighborhood, it's a waste of money. You need to target houses with very old deed dates or code violations... but only in the areas where you know you have a buyer ready to buy.

Build your buyers list first.

You need to send the contract to the seller via Federal Express next day delivery to get signatures. Lock it up!

When you find your buyer, turn in both contacts and your assignment contract in to the title company and notify them that the seller is out of state so closing docs will need to be sent via Federal Express. This will add $50-$100 to the closing costs.

I've closed many many wholesale deals where I never met the seller. It works just fine but you do need to allow a few extra days for docs to to come back. Funding (your payday) won't happen until the signed closing documents come back from the seller.

2.75% loan which pays off in 18 years. Loan balance $79,887
PITI $864 Buy Subject to the existing mortgage.

House is worth $135,000

Needs some work

Was rented for $1200. Tenant just moved out.

Two blocks to Lake Ray Hubbard.
3/2/2

7110 Montego, Rowlett Texas.

Send PM for more details and number to call to set up appt to see.

Property will be sold on May 1st to the person with the most down payment.
Accepting bids starting April 20th

I'd keep it if I were not living in Central America