All Forum Posts by: Catherine Coy

http://www.amazon.com/gp/product/0988973715/ref=pd...

I, too, recently listened to Aaron Mazzrillo's podcast. It was great!

I wonder, however, if picking one strategy--such as subject-to--wouldn't be the way to go. I've been a landlord [hated it] and rehabbed a couple of properties--which I consider as just buying yourself a project manager job.

Aaron, what do you think?

Ryan M wrote: Although leases make people feel secure and safe, in the end if peoples have their mind on leaving, they will.

This has been my experience, too. Nothing can hold a tenant who needs/wants to leave.

Brandon, one of the "declarations" to which you responded on page 4 of the loan application says, "Do you INTEND to occupy the subject property as your primary residence? Y/N"

"Occupancy" is defined as beginning occupancy by the 31st day after loan closing and maintaining occupancy for 360 days. All borrowers--conventional or FHA--are subject to occupancy checks, especially in CA where occupancy fraud is high on the list of types of loan fraud.

http://www.dsnews.com/articles/mortgage-fraud-risk-ticks-up-in-q1-led-by-california-2013-06-12

All lenders employ third party contractors whose task is to uncover loan fraud through a variety of methods.

http://www.freddiemac.com/singlefamily/pdf/fraudprevention_practices.pdf

If you intended to occupy, but now you're not going to occupy, the worst that will happen is your name will go into FHA's database as someone who sold an FHA-insured property before the requisite 12 months owner-occupancy was completed. Thus, you won't be able to obtain another FHA loan until 12 months has passed, but this guideline is discretionary. FHA allows for "extenuating circumstances" but you'd have to prove that you could no longer occupy the property. If you develop a pattern of obtaining an FHA loan every 12 months, that's a red flag, too.

You don't have to worry about government jackboots coming to your home (if they could find you) to arrest you--although considering the current administration, anything is possible. ;-)

Joshua Dorkin wrote: Our members tend to be very skeptical of folks who join and do nothing but engage and promote a particular guru's product. The VAST majority of people who do so tend to be shills.

I can see that, but I am not one of said shills.

To Ann Belamy, J. Scott and others: I signed up for BG because (a) under the present economic conditions, I'm turning my attention again to RE investing, having left it for some time when values were falling like a stone; (b) I never did buy any of Rubel's "systems," only the SOFTWARE, Profit Grabber! (c) I started generating leads with Profit Grabber! (d) I searched this forum to see if anyone had ever purchased his "boot camp" and what they thought of Rubel's advice in general. My comment here is only about the SOFTWARE, Profit Grabber! I think I've said so a couple of times already. Possibly I just don't know any better, so Profit Grabber! seems convenient to me.

In any event, there has been at least one substantive follow up post, such as Dave Caulfield's (I'll check out virtuallyincredible.com), so I think I'll just read here at BG, lest I offend anyone by mentioning Profit Grabber! or any other "guru" I may have found helpful.

It's surprising the hostility that meets with anyone who has actually received a benefit from a "guru." What's up with that?

Oh, one more thing, for J Scott: Profit Grabber! ;-)

Excuse me, Luis A.--is it alright if I'm not on my computer 24/7 in order to answer the pending question as quickly as you would like?

With all due respect, the more pertinent question is, "Does Profit Grabber automate the process of sorting/sifting through data to find possible leads, thereby saving time?"

Yes, it does. There may be other software--or even sorting/sifting manually via Excel spreadsheet--that does this more inexpensively, but I don't want to (a) sort and sift manually; or (b) search the universe to find less expensive software. I consider Profit Grabber a tool and that is all.

To respond to the more direct question, the answer is yes.

Chirp yourself. ;-)

I don't know why I feel the need to defend Marko Rubel, but my experience with his software is quite different from yours, John Davern. I did not ask for my money back.

Profit Grabber costs $1,497. One may find it cheaper--I don't see it secondhand anywhere on the internet--and it's quite efficient. Yes, one could, as John says, subscribe to County Records Research and create your own spreadsheet or database, but Profit Grabber does the same thing in mere seconds with a click of a mouse. Why would anyone go to the effort of creating a spreadsheet or database when, with Profit Grabber's "matching module," it does the same thing?

You don't need access to the MLS to exploit the efficiencies of Profit Grabber but you'll miss out on deals if you don't have access in some fashion to the MLS.

I don't know why some investors are so down on "real estate gurus." Some of them price their courses modestly and impart good information, in my opinion. It's a matter of separating the wheat from the chaff, I guess. It's easy to see that many many hours were spent creating Profit Grabber and, at $1,497, I think it's reasonably priced.

But that's just me. Your mileage may vary.