With Bank-Owned Foreclosures and “Rent-Smart” Lease Options

by Andy Heller

 

There are literally hundreds of wealthbuilding strategies available for real estate investors. Some are more lucrative than others, and many are simply way too much work for the money that an investor hopes to make. Fortune Magazine recommended Andy Heller’s “Buy Low, Rent Smart, Sell High” strategy among the top five recommended strategies for real estate investors.  Like so many of us, Andy started investing part time, pulling aside a few hours each week for his hobby. Scott Frank and Andy Heller have approximately 40 years of combined real estate investing experience.  During this time, they have bought, rented and sold approximately 100 properties. They have done this while holding full-time jobs and putting their families first.

Getting Started

 

The lack of success of Andy and his partner Scott’s “buy and flip” plans led them literally by accident to a goldmine called buy low, rent smart, sell high.  When Andy and Scott found buying properties from distressed sellers to be

tedious, hard work, and depressing, they discovered by accident a hidden gem in the foreclosure process…BANK OWNED REAL ESTATE. With bank-owned real estate an investor is able to purchase MULTIPLE PROPERTIES from single sources, without emotions, and with clean and clear title.  Once purchased, when Andy and Scott were

unable to flip their first home after 9 months on the market, they modified the typical lease/purchase deal to come up with their unique rent smart and sell high formula. Their SHORTEST lease is 3 years, and each of their tenants accepts responsibility for repairs and maintenance. High turnover, nightmare tenants, and lengthy vacancies are non-issues when you “rent smart.”  The Buy Low, Rent Smart, Sell High program offers at its core a win/win formula for

everyone the investor comes in contact with: sellers, tenants, and others. The seminar will cover the three pillars of real estate investing:

 

Buy Low

 

1.Learn how to consistently purchase real estate below market.

2.Learn how to identify the right type of property for your preferred investment model.

3.Learn about the best ways to buy discount properties today. Take a deep dive into the Buy Low, Rent Smart, Sell High preferred method of buying low: bank-owned foreclosures (aka post-foreclosures and REO Properties).

4.Learn what most investors do when calling banks without success…and learn the Regular Riches way to successfully approach banks.

5.Learn about financing your purchases.

6.Learn our formula for establishing the Maximum Purchase Price for all types of properties, regardless of type, condition, or your investment strategy.

7.Learn how to negotiate to a successful purchase.

 

Rent Smart

 

1.Learn about Lease/Purchasing.

2.Learn how to establish the right lease/purchase terms.

3.Learn how to minimize Repairs and maintenance headaches…let other landlords deal with them…not you!

4.Learn how to reach out and advertise to find the best tenants.

5.Learn the ten point checklist for selecting the best tenants.

6.How buy and flip investors and buy and hold investors can benefit from lease/purchasing in today’s real estate market.

 

Sell High

 

1.Learn how to sell properties without paying real estate commissions.

2.Learn how to sell properties for fair market value without discounting.

3.Learn how to quickly get your property under contract

 

Andy’s seminar will be interactive and the attendees will be engaged to work examples after Andy first presents how to do it.  Andy’s seminar will be on September 12.  Seminar attendees should bring calculators to the seminar.

 

SPECIAL DISCOUNT CODE!!

Use this code when checking out and receive a special discount:  CFRI7772

Seminar will be held from 9:00 am to 5:00 pm on September 12th at the CFRI Education Center at 55 Skyline Drive, Suite 2850, Lake Mary.

Registration deadline is September 11.  Please register online at www.cfri.net

 

 

The Central Florida Realty Investors Association (CFRI) is a not-for-profit organization dedicated to promoting ethical real estate investing.  We provide over 20 networking and educational opportunities each month to investors in Central Florida to help members gain practical knowledge of real estate investing. 

CCFRI is the oldest and largest Real Estate Investing Association (REIA) in Florida and the proud recipient of the 2004 community service award, and the prestigious 2007 & 2009 Honoring Excellence Award – the highest honor bestowed on any REIA in the nation by the National Real Estate Investors Association. In 2008, CFRI was awarded the National REIA Award for Membership and Communications. 

 

Learn from the best at http://www.cfri.net