Real Estate Secrets

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Things are not always what they seem. One of Mike's students scored a major win at a recent tax deed sale. He thought he was buying a three bedroom house. However, upon taking possession he found out that it was a six bedroom home. Instead of collecting $750 rent per month, he will be getting over $1000. That's a major increase in the return on investment. It's all a question of supply and demand. There's just not that many homes around with that many bedrooms. He'll probably be converting one bedroom into a bathroom and once that's done, the rent could go even higher. End result, he'll be $40-45k all into the property and the property could be worth as much as $80k. An incredible return on investment. And anyone can do it. 

Mike reviews the results of one student's purchase at an upstate NY tax deed sale. His student purchased a 4 unit building for next to nothing, under $40k. Now he's been renovating the property and the returns are nothing short of amazing. Close to 25% cash on cash return when it's eventually fully renovated and rented. This little known auction has been the scene of many of Mike's students getting amazing deals. When it comes to buying deeply discounted properties, this place is king!

When Mike has a boot camp, amazing things seem to happen. That's because rather than telling you how to invest in real estate and how to buy properties, Mike's students actually make purchases at the auction. While prices as up, profits are still strong. Margins have come down, but opportunities still abound. Just do your research, plot your strategy and go forward. 

It's always amazing to see the diversity of the people who attend Mike's Boot Camp real estate training events. They range from Gen "Xer's" to retirees and everyone in the middle. At Mike's latest camp we had the pleasure of meeting Pat, a widowed retiree who found herself facing a number of financial challenges. Before attending the event, Pat was considering going back to work, in order to make ends meet. It's amazing the transformations that people go through at these live trainings. By the end of the session, Pat had purchased two lots and was in the process of listing them online. She got some major bargains that will help finance her future endeavors into real estate investing. It's so much easier when you have a plan.

Yes the foreclosure inventory is decreasing. Some places in Florida and elsewhere are seeing their inventories are getting back to normal levels. However, buying REO's (Real Estate Owned) won't necessarily save you money and could cost you dearly. However, there are good values available. One trend that is definitely happening is that a higher percentage of homes that wind up in foreclosure are being sold to investors at auction. Previously, banks were taking back a high percentage of those properties and then selling them as REO's. We're not quite sure what to make of this trend yet, but it could be very favorable. 

While the volume of foreclosures has gone down in Florida it has increased in other places, particularly in the oil patch in Texas. The media is always playing catch up when it comes to the actual state of the real estate market. They seldom ever get it right when it's actually happening. That's why you need to figure out what the best market is for you. What are your goals, once you clear on this you'll be able to create a strategy. The real estate market is a moving target. Think for yourself, don't let the media do it for you. 

Mike discusses another foreclosure that turned into gold. He bought a 4 unit building for $78,100 in Fort Myers Florida. $45,000 was invested in improvements (subject to adjustments at the closing) and it was just sold for $235,000, a whopping profit of $111,000. Mike was planning to hold on to this one, but the opportunity to cash-in was just too great. He listed it for sale at $250,000. He was in no hurry to sell but almost instantly got an offer at full price. After inspection and adjustments for repairs, he settled for $235,000. Not a bad day's work. And you can be doing the same or better once you take Mike's course. 

Mike did it again! He bought a 3 bedroom, 2 bath in the Phoenix Area for just $63,000 and will be closing a sale shortly for $139,000, an incredible $76,000 profit. It's an interesting story where the former owner purchased the home for nearly $300k, it had all the extras you could imagine. It was an investment property but then the market went south and the seller was always behind the market. Finally the bank foreclosed and Mike got it for a ridiculously low price. Some people might think Mike was just lucky, but in real estate as in life, the harder that you work, the luckier you get!  

It seems like just about everyone is flipping homes. Over 179,000 homes were flipped in 2015. However the total number of flippers out there still isn't close to record reached in 2005. So there's still plenty of opportunities available if you take action. There's still massive amounts of inventory available to the enterprising real estate investor. Your job is to start doing it now!

Mike's been doing real estate deals since 2003. Experience is the best teacher when it comes to doing deals. He's used a CESA (Cloverdell Educational Savings Account) account to accumulate six figure values in his children's accounts. The funds generated by these accounts will enables Mike's children to attend exclusive private schools and to one day go to the college of their choice. It's gotten to the point where the monthly free cash flow from these accounts more than pays for their monthly private school . And it keeps getting better and better. There's many other benefits available to you that you'll hear about on the show.  

Mike talks about a student's score at a recent tax deed sale. Through a quirk of the auction process, which Mike's training covered in detail, his student was able to buy a property for just $10,600. It was a very rough property in a very good neighborhood. He put $20,000 into it and is renting it out for $850 per month. The property is now has a market value of around $80,000. It's the secrets of the process where you make the money and Mike knows them all. 

Mike was well off before the real estate crash, but the opportunities that emerged enabled him to really cash-in, when everyone else was heading for the exits. Of course some of Mike's success was due to his vast experience, but he saw a market where almost-new houses were selling for 10-20% of their pre-crash prices. He never lost money on a single house he purchased during the crash. Because Mike is never a leveraged investor, he had equity in every property he owned before the crash, so when it hit he was well poised to snap-up the values.

Matthew took Mike's training 4 years ago. His first time out of the gate he purchased a lot in Southwest Florida for $5700. He hasn't sold it yet, but has received numerous offers, the highest being $15,000. For now Matt is holding on to it and may some day build a rental home there. But then again, if the price is right he'll sell it and reinvest the proceeds. Recently, Matt bought a house at a tax deed sale for just $14,000. He put $15,000 into it and has just rented it out to an excellent quality tenant for $800 per month. He handled everything remotely, just like Mike teaches, and is now sitting back enjoying an 18.25% cash-on-cash return. Not bad for someone who knew almost nothing about real estate before he met Mike. 

Mike talks about the abundance of opportunities that are still available. While prices have gone up there's still plenty of deals around, but you need to be extremely careful. One trend that we're seeing is that Home Equity and Second Mortgage Lenders are foreclosing. Since 2009, it was extremely rare for these lenders to foreclose, for the simple reason that there was seldom enough equity to cover them. They simply wrote these mortgages off. Now, because values have increased the situation has reversed, there's now enough equity to cover the second mortgage. Mike has a special course on identifying these situations and capitalizing on them if it makes sense. 

Mike always says that in real estate your money is made on the buy. This means that when you buy a property at a steep discount, you have instant equity. Mike bought a duplex in Fort Myers Florida in the low $30,000 range. After improvements, he had $45,000 invested in the property. He collected rent for months and just sold the property for $90,000. Another winner in Mike's long string of successful property investments. The best part is that you can do it too and Mike wants to teach you how.  Go to www.teachmemike.com and get started right now for free!

Home ownership is at a 25 year low. This means that there's a tremendous opportunity for Instant Equity Investors. The trend is here to stay. Over 9 million people lost their homes during the Crash and only 2 million of them have re-entered the market. This means that there's near insatiable demand for high quality rental housing. Combine this with the fact that there are still millions of foreclosures in the shadow inventory waiting to hit the market, so what are you waiting for? 

Mike talks about his system and how it works. It's not about getting rich quick. You will not get rich quick here. It takes work and it's not for everybody. Mike can give you the knowledge, but he can't do it for you. You must first make a decision to commit to the system. Then you've got to put the hours into learning the system.  And then you've got to go out and do it. Then you're going to make some mistakes. And then if you've learned the lessons and applied them correctly you'll make money. Perhaps slowly at first, but then things will start to come together for you and over time your success will amaze even you. So it's hardly a get rich quick program, do kid yourself into thinking it is. 

Mike Gazzola, master real estate investor tells the story of how he bought a property for just $2000, put $8000 into it, and then proceeded to sell for a whopping $49,999, realizing a profit of $39,999, all in a very short period of time. How did he do it? The sellers had inherited a property in serious disrepair. The city was hounding them to cure numerous code violations and the the involuntary owners couldn't wait to dump it as quickly as possible. Upon seeing Mikes ad in a local newspaper, they quickly realized that he was their best out, even at $2000 and sold it to him. It was all done in a matter of days, without lawyers, title companies or realtors. Then Mike sent in the renovation team and for a relatively small investment, he was able to cure the violations and make the property saleable. Mike shows you how to turn other people's problems into your opportunity to profit.