All Forum Posts by: Sean Terry

Thanks for all the nice comments, I appreciate it!  I would recommend to anyone that you DON'T buy any of my stuff until you listen to all my podcast episodes.  There is a ton of free information, scripts, spreadsheets I give away for free.  If you think my content is worthy after listening and applying the techniques and you would like to become an academy member, then by all means, join.  I've earned your trust and respect.  I make WAY more money in real estate than the info biz, but the info biz is WAY more fulfilling.  just sayin ;)

Wow, I feel honored to be such a hot topic of conversation and thanks everyone for the kind words, I really really appreciate it.

I don't want to be a Guru, please don't put that "stereo type" on me. I'm really just an average guy that wants to share my experiences with the world. Because I suck at writing, I decided to do a podcast. I had no idea it would go viral, lol!

There are a ton of highly qualified investors that reside here in BP and if we gave them a microphone & a blog they too would make a big difference.
Like I said, I'm just an average guy with no formal education that LOVES to wholesale houses and talk about it. That's it.

The only difference between me and a newer investor is that I send 100,000+ direct mail units a month. THAT'S ALL IT TAKES... Really, lol

The faster a new investor can scale from a 500 piece mail drop to a 100,000 piece mail drop, the faster they will go from make $5K a month to $100K a month+

You don't have to be smart, good looking, college educated, rich or talented. Just scale the mailing (I'm living proof)

So Rob P, thank you for opening up this conversation because you too can be a guru....Just drop 100K mailers, LOL

God Bless everyone!

Sean

Hey Liza,

If you go to my blog at Flip2Freedom.com on the "case studies" tab you'll see all the videos of folks all over the country that have followed my stuff and made money. All the stories are real and true.

I would tell you and anyone else that is reading this, DON'T BUY MY STUFF. Listen to my podcast in iTunes for FREE, I have over 100+ episodes and I hold nothing back. I explain the wholesaling process in grave detail. Also you can ready my book, it's the #1 Real Estate kindle book in Amazon and yes it's FREE.

Follow the steps, make some money and then if I've earned your respect and you want more hands on support join the academy. If not, you've lost nothing.

I make 90% of my income from real estate and do this info stuff as a hobby because I love to share this business. It's changed my life and the life of many others.

Thanks for posting,

God Bless,

Sean

Hey Dan,

When marketing for sellers you'll get a lot of different types of deals that come across your desk. High equity deals, low equity deals, no equity deals and upside down deals.

For properties that have little to no equity (which are the majority) Joes program is by far the best out there to learn how to structure little to no equity deals and turn them into profits.

His lead generation method are unique and works. I've personally been through his entire course and give it my highest recommendation.

Good luck with your investing!!

Sean :D

Hey Todd,

I have a lot of great free training with my Flip2Freedom podcast in iTunes and the 129 page book I wrote. As of writing this post there's 60 free episodes which are about an hour each and cover every aspect of wholesaling.

The goal is clear and concise:

1. Get your first check ASAP.
2. Get one years worth of income in the bank as fast as possible so you can quit your job.
3. Build a successful business producing monthly cash flow using the 4 hour work week methods.

In the free podcast and book you'll learn:
-Many ways to find buyers for wholesale and retail deals.
-How to analyze a market for high cash transaction areas.
-How to find the perfect closing agent.
-How to set a strategic marketing plan for motivated sellers which includes direct mail secrets, internet marketing and bandit sign marketing.
-How the numbers really work.
-How to sort leads and determine motivation.
-How to make a "soft pass" offer.
-What to do on your first appointment with a seller.
-How to negotiate the wholesale deal or a seller financed deal leaving the existing loan in place.
-How to get the contact signed.
-How to open escrow.
-How to market the property for a quick sale.
-How to negotiate with the buyer to get the highest price possible.
-How to close the deal and get your first check.
-How to scale your business.
-How to wholesale house using the 4 hour work week methodology.

The book is your guide and the podcast episodes are your how to and motivation.

Start there FIRST and if you like what you hear and read then you'll love the Flip2Freedom Academy. With now hundred's of members all over the US and thousands of meaty comments it's really a tight nit community and we'd love to have you.

If you want to see what others have done, go to YouTube and search Flip2Freedom and you'll see a ton of REAL success stories.

@Joe C. Thanks for the nice comments.

If you need anything please let me know!

Cheers :)

Sean

I get great results using the yellow letter and these lists:

1. absentee landlords original mortgage date 1995 and below.
2. Inheritance List
3. Probate
4. Pre-foreclosures original deed date 1999 and below.

My other top sources are bandit signs and internet marketing.

Cheers :)
Sean

Hello Dana,

Congrats on getting started!! This business is awesome if you know what your doing.

I would recommend that you steer away, far away from short-sales for these reasons:

1. Takes waaaaay to long.
2. To much liability, just ask your fearful attorney.
3. The need for earnest money & transactional funding.
4. The laws are changing quick, very quick, it's a tough business model to build a business around.

I get tons of leads that I refer to the leading short-sale agent in my market and she just told me yesterday that the banks will be only taking investor offers on SS at 100% of BPO. They'll take owner occupied offers at 88% of BPO.
Banks are trying to squeeze out the investors.

So what's the alternative? Motivated Sellers...Here's the benefits:

1. All deals are off market, you're the only one that knows about them.
2. I never put earnest money down.
3. No need for transactional funding.
4. Very little competition.
5. Deeper spreads, more money
6. Less hoops to jump through.
7. Chances of being regulated...slim to none
8. Turn a deal in 2 weeks

Is that enough?

So how do you find these motivated sellers:

1. Bandit Signs in strategic locations in your city.
2. Direct mail, preferably the Yellow Letter to these lists
a. Absentee Investors
b. Inheritance
c. Probate
3. Internet marketing.

There is an endless supply of motivated sellers especially in Chicago.

What ever direction you wish to go, good luck and remember...
Never, Never Quit, Just Adapt and Overcome!

Cheers :)

Sean

Hey Keith,

Sounds like a good deal. If it were me I would do these 7 things:

1. See if your agent can do an email blast flier to all the agents in the area.

2. Offer a hefty bonus to the selling agent, say $2K to $3K or so.

3. Make sure the place is staged, not fully just the kitchen, bathrooms and art work on the walls. (a must)

4. Make sure your agent puts it all over the internet.

5. Have an open house the first weekend and have your agent do a broker preview.

6. Call all the agents within 1-3 mile radius letting them know about the property & bonus.

7. Make sure the place is spotless, buyers want above average properties if they're going to buy retail if not they go after bank owned stuff all the way.

Good luck,

Post your results when you sell it next week :)

Cheers,

Sean

Dorsey,

Send me a direct message, I'm here in Phoenix and we do a lot of deal s here. We can do a lunch meeting and I'll show you how to get started in the biz.

I work with several newer investors here and we partner on the deals.

I look forward to talking to you.

Cheers :)

Sean

Real Estate is cyclical as we all know so yes the market will come back and there will be a fortune to be made. The BIG questions is when.

All I can say is that this market now is awesome, the deals a plentiful and at the right price cash buyers are buying. In 2004 & 2005 it was a lot harder to convince motivated sellers to sell at a discount. Why should they, all they had to do was list and it would sell in days.

I think we'll have a hockey stick recovery, which is exciting.

Cheers :)