Hey everyone! We wanted to touch base with you all and say hello, and also let you know what we have been up to lately…

As you well know, we are still killing it with the short sales, and our students too. Feel free to swing by our YouTube channel and see some of the killer videos we have put up- http://YouTube.com/Mr3Days

BUT, here is something you may NOT know yet. We have recently opened back up the wholesale side of our business, and it is ROCKING right now!

If you want to get a list of our most recent properties, go to http://RockBottomPropertyDeals.com and let us know WHAT, and WHERE you are buying property!

Have an awesome weekend everyone!!

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http://RockBottomPropertyDeals.com

http://RockBottomPropertyDeals.com

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Yo…Yo…What’s up EVERYBODY! I wanted to drop in and shake up your brains with a little bit of helpful info that will hopefully make you look at things just a little bit different! And by different I mean start living life on your terms by MAKING the time (outsource & delegate) to enjoy the fruits of your labor!

It is simple===> Do what you do BEST, & outsource the REST!!!

There is NO comparison between TIME & MONEY, period! Now, with that in mind, it makes sense that you should be focusing on what you are best at, while properly outsourcing the menial tasks… (yes, ACTUALLY take you hands off certain things, you silly little control freak!)

Here are just a few tips I implemented that made things a LOT easier for me:

1. ASSIGN YOURSELF AN HOURLY WORTH – and if the tasks you are doing are not bringing in at least that amount, then you should find someone who can handle that for you instead. Why spend the only true asset you have (time) when someone else would gladly do it while you make 5x more focusing on other things!

2. DO NOT SET EXPECTATIONS TO HIGH – because in a best case scenario, you can typically only get somewhere between 65% to 85% of the results that you would get yourself, so don’t freak out and get disappointing! The KEY here is to have multiple people doing a % of what you can do, resulting in 250% to 300% production OR MORE!

3. DON’T ASK ANYONE TO DO SOMETHING YOU WOULDN’T DO YOURSELF – and you will soon find out that your coaching, motivation, guidance, and management will be more easily accepted by those working for you because they WILL believe in you… which is important! People need to know they are a part of something that is tried, true, and most of all FAIR! Lead by following your own rules.

There are many other little “tricks of the trade” regarding how to properly outsource and delegate, and if you can think of some PLEASE COMMENT ON THIS POST AND SHARE WITH THE GROUP!!

Have an amazing day, and even better week! Always remember, “Wealth is the ability to experience life!”

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Here are three major mistakes that nearly every real estate investor (except you!) will make at some point in their career. Every one of these examples was made by a major investor who had to learn a hard lesson from that mistake:

1. Trying to do it all on your own. Novice investors often have lots of educational background, but little “real-world” experience. They understand why real estate investing works, but they may take on more than they can handle. Keep your enthusiasm under control and you will benefit in the long run.

2. Getting emotionally attached. The fact of the matter is that most real estate deals will not work out. As an investor, you have to accept that and move on when it looks like a deal is not as good as you had hoped. Otherwise, you will simply waste time and money trying to make a guaranteed failure work.

3. Refusing to ask for help. Lots of investors are embarrassed to ask for help when they need it. It is completely reasonable to want a guide for your first forays into real estate investing. However, largely because real estate has been promoted for the past decade as a “simple” and “easy” way to generate wealth, people find themselves feeling like they have missed something obvious if they ask for assistance. This is not only a poor decision, but also a total misconception. Real estate can be difficult, and there is no shame in generating wealth because you asked for help rather than losing your shirt because you didn’t.

If you are looking for a coach, check out our ONE-ON-ONE COACHING PROGRAM!

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Before you get started in the real estate industry, you have to analyze your own mindset to see if you have what it takes to be an real estate entrepreneur from conception to fully-functional successful operation. It’s just not enough to say, “I want to make a lot of money, I want to be my own boss, I want to take a vacation EVERY month, or I want to live a life without limits!”

Everyone wants those things, BUT not everyone can achieve them… It takes a special person. You don’t have to be a workaholic or be willing to engage in questionable tactics. You just need to have a few characteristics that are common to most successful entrepreneurs.

This industry requires deep commitment. If you’re the type to change jobs with your moods, then stick to a 9-5 gig buddy, because this ain’t for you! You’re building a business and it takes time, effort, and tweaking to make it work, PERIOD!

Perseverance and a positive mental attitude can make or break an entrepreneur. You’re going to have down times, every marketer does. Something is sure to go wrong – whether it’s a freelancer who didn’t deliver on time and threw off your launch date or a JV partnership that fell through, and if you panic and shut down, you’re sure to be headed down a road of shortcomings, and inevitably failure.

Some of the greatest real estate professionals I know don’t fly by the seat of their pants. They have a plan! We tell our students quite often that “A goal without a plan is a wish!” In turn, they become meticulous planners… They make schedules and plans for their day, week, month, year, and even further down the road. Find out how at http://Mr3Days.com

They plan every step of a flip (acquisitions, mitigation, marketing, funding, exit strategy, etc) before the deal even kicks off! They plan every single detail they can think of. The more meticulous you are with your plans, the fewer hurdles you will deal with, and avoid all the potential things that might go wrong.

To become an authority in your niche, you need to exude confidence. Even if you’re worried, anxious, or unsure of yourself, what you project must be that you have it all together – you can’t be paralyzed by fear! We can promise you one thing, NOBODY will believe in you if YOU don’t first!

Are you willing to be a student for life? No successful real estate entrepreneur gets to the top and stops learning this industry. That only means you’ll eventually become the prey of a hungrier Investor who’s stayed on the ball with up-to-the-minute solutions and practices in your niche so that they can become king of the mountain when you let your guard down.

You have to know how to get from point A to point B on your journey to achieving financial independence. Do you know what you’ll say when your in-laws or spouse questions your “career?” If you’re a fearless marketer, the inquisition won’t bother you a bit.

If you aren’t sure how to develop a blueprint for your success, don’t know how to set and achieve goals, or have a mindset that’s not in sync with that of victory, then work with folks like us who have the gameplan all laid out for you! You need to be mentally prepared for the ups and downs along the way.

Find out how at http://Mr3Days.com

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“Anti-flipping rules”

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Here is some great info regard the FHA “Anti-flipping rules”… It is a MUST READ:

“In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA’s temporary waiver of the agency’s ‘anti-flipping rule.’ The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through January 31, 2011. FHA today posted a notice extending this waiver through the remainder of 2011. This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

“As I noted when we first announced this policy change early last year, because of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers,” said Stevens. “Today I can report that this policy change has been effective. Since the original waiver went into effect on last February, FHA has insured more than 21,000 mortgages worth over $3.6 billion on properties resold within 90 days of acquisition.”
FHA research finds that in today’s market, acquiring, rehabilitating and reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time.
Stevens added, “Because of past restrictions, FHA borrowers have often been shut out from buying affordable properties. This action enables our borrowers, especially first-time buyers, to take advantage of this opportunity and buy a home that has recently been rehabilitated. It will also help to move more foreclosed properties off the market and reduce the number of vacant homes in neighborhoods throughout this country.”

The extension announced today is effective through December 31, 2011, unless otherwise extended or withdrawn by FHA. All other terms of the waiver will remain the same, and HUD continues to invite public comment on it. The waiver contains strict conditions and guidelines to assure that predatory practices are not allowed.

To protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver continues to be limited to those sales meeting the following general conditions:

• All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
• In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.
• The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.”

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Check out this quick video about how Mike and Kris are SPLITTING profits right down the middle with people just like YOU on short sale deals…

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Here is a quick video I did about being prepared for the BPO… ENJOY!

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