All Forum Posts by: Matt H

dude....it's time to upgrade!

Ya, justs start making 15 or so lowball offers a day. Just by faxing out letters of intent to realtors on listing you find on the online mls, or in newspapers. If you fax off that many low ball offers that's like over 100 per week. So if 1% of them are accepted on a house at at 25% discount for example and the house costs $200k then you just made $50k in a week.

================================

LETTER OF INTENT TO PURCHASE

Date: April 22, 2007

To: XXXXX XXXXXX

From: XXXXX XXXXXX,
XXXXX XXXXXX Inc.

Re: residential property located at: XXXXX XXXXXX

The following sets out the basic terms upon which we would be prepared to purchase the Property. The terms are not comprehensive and we expect that additional terms [including reasonable warranties and representation,] will be incorporated into a formal agreement (the “Agreement”) to be negotiated. The basic terms are as follows:

1. Purchaser: XXXXX XXXXXX Inc or it’s nominee

2. Vendor: Current owner of the Property represented by realtor: XXXXX XXXXXX

3. Property: XXXXX XXXXXX XXXXX XXXXXX , free and clear of all liens, charges and encumbrances at Closing, except: [e.g. those recorded on title to the Property as at the date hereof, with the exception of the Vendor’s mortgage(s)].

4. Purchase Offer: $300,000.00

$225,000.00 New first mortgage (or possible option of assumption and or with increase of existing first to 75%)

$50,000 Second mortgage (carried by vendor for 5 years interest only at 8%)

$10,000.00 Initial Deposit
$5,000.00 Additional Deposit following condition removal
$10,000.00 Balance

5. Deposit: Upon execution of the Agreement, the Purchaser will deposit the amount of $10,000.00 which will be fully refundable if the Conditions Precedent are not satisfied or waived in writing by the Purchaser. Otherwise, the Deposit will be applied to the Purchase Price at Closing. If the Purchaser defaults at closing, the Deposit will be retained by the Vendor as it’s sole remedy.

6. Conditions Precedent: The obligation of the Purchaser to purchase the Property will be subject to satisfaction or written waiver by the Purchaser of the following conditions within 60 days after execution and delivery of the Agreement.

Review and approval of the documentation concerning the property;

Completion of satisfactory physical and environmental inspections of the Property; including suite inspections.

Completion of satisfactory due diligence search and examinations;

Satisfactory review of the title of the Property;

Satisfactory first mortgage financing being arranged for the purchase of the Property;

Satisfactory second mortgage being provided by the Vendor for the purchase of the Property;

7. Additional Items: This letter of intent hereby states the major terms of the agreement that the Purchaser would be prepared to move forward with. This letter of intent is in no way a legally binding agreement between the Purchaser and the Vendor.

Sincerely,

XXXXX XXXXXX

_____________________________________

The above terms are accepted this ___________ Day of _______________, 2007

_____________________________________

XXXXX XXXXXX
President
XXXXX XXXXXX Inc.

Phone: (780)
Cell: (780)
Fax: (
Email:

why don't you download "Limewire" and using that do a search for "Flip This House" and "Property Ladder" and download those episodes and watch them.

debtfree.....

Thats' funny because I initially started out in ecommerce. I still own and operate leading website in my industry. That's how I was able to fund my first RE deals too. Then I spent a whole year back in 05 writing this book. It was a 1300 page course on ecommerce and the how-to's of making it online. After writing it it started to dawn on me more and more that the average person could not do this. It's almost impossible because they're way to many skills that you'd have to master, and even then the risk is way way higher than REI. So after that I just decided to focus 100% on REI. It's so much easier. You could teach a child do make millions in REI, it's so easy. And so much more guaranteed and safe.

I think one other point should be stated though...

If this is your first property purchase, and it has some positive cash flow, then the experience of actually doing it and learning everything that goes along with it, and the confidence, knowledge and experience you'll gain is invaluable. Don't wait around for the perfect deal because it doesn't exist. Better to gain the confidence and know how of doing "a deal, any deal" that has some positive cash flow. From there you can move forward to doing more and more purchases. The hardest purchase you'll ever make is your first property because you've never done it. It's like losing your virginity. After that it will only get easier and easier.

So mold can cause harm to anyone? Really? Like what?

I'm just saying that to elaborate a point. $200 bucks... I wipe my a** with $200 bucks when I take a dump, and then flush it.

Heres' the secret. You are not a millionaire in training. Instead you "are a millionaire". Start telling yourself 100 times per day that "I am a millionaire real estate investor". Put away realestate investing for now. Just say that to your self for a few weeks. Then slowly take up REI again and keep saying that to yourself. Tell yourself that five figure net deals aren't even exciting to you, and that you'll only do deals that will make you six and seven figure net profits. Trust me, this might all sound strange but it works. It's a universal law that cannot change. You are becoming the person you think about all day long. And the age old saying which is in the Bible: "As a man thinketh in his heart, so is he". So if you think you're a loser, you are, if you think you're a winner you are. Doesn't matter what material stuff like numbers in a bank account you have. That's the end material equivalent that will in time manifest itself. But it will never happen unless you start to firmly believe that you are a millionaire "already". Just start to say it over and over and over again. You're mind will automatically act on that input and start to help you to effortlessly take the actions needed to make you millions while simultaneously attracting million dollar opportunities into your reality. You won't even have to try, because it will all come to you. It always does. The universe will provide you with the material and physical equivalent to that which "you are". So if you are a millionaire and you think and believe with conviction that you are, you will see amazing events, contacts, situations, opportunities etc start to manifest themselves for you. You won't even have to try. It will all be put in your lap with hardly any effort on your part. So again, you are "not a millionaire in training". No, absolutely not. You are instead "a millionaire". Start saying that to yourself each day. Remember a millionaire is not a millionaire because they have that amount in a bank. No, that's a fools thinking. A millionaire could have everything taken from him, and make back a million in no time because they're rich inside and they have to skills, confidence and knowledge to always be attracting riches into their life. So don't wait until you have made a million dollars first. No no no, simply believe that you are infact a millionaire right now. Become a millionaire right now in your own mind, and watch as the universe automatically begins placing huge amounts of wealth right into your lap. I promise you that's how it will happen.

Cash flow quadrant

The magic of thinking big

Les Brown / Tony Robbins

And lots of Dr Schullers books.

You're lawyer will charge you $500 bucks per hour, 3 hour billing minimum to tell you what that $200 buck statement stands for ok. If you get a house, that's most likely appreciating by $200 per week, then what's $200 bucks no matter where it comes from? And in this day and age what exactly can you buy with $200 bucks anyway, you can't even get laid for $200 bucks anymore.