My Dad Didn't Die and You Benefit

A few weeks ago I got a phone call.  They told me my Dad was dying.

I dropped everything and rushed across the country to see him and be with my family.

The good news is that they were wrong.  Dad didn’t die.  In fact, this Sunday he will celebrate his 87^th birthday!

In celebration I have decided to offer everyone I know a gift.  In fact, it is a gift you can re-gift to others and still use it yourself.   All you have to do to get the gift is go to www.APlusResults.com and buy one or more of the ebooks there and enter the coupon code DADS87.  You will then get 30% off your entire order.

Why 30%?  Well, I always thought Dad might live to be 100 and there are 13 years from 87 to 100.  So I thought I couldn’t afford to give and 87% discount so how about 13%? 

I looked at it and said to myself, “Really?!! Who cares about 13%?  Besides, some might think 13 is unlucky.  So, I doubled 13 and got 26%.  I looked at that and said to myself, “Who gives 26% off?  They either give 10%, 20%, 25%, but I didn’t want to round down.  After all, this is celebrating my Dad’s 87^th birthday, so I rounded up and came up with 30%.

30% off is a pretty big discount, especially considering that it applies to the entire order, not just one item.  Although I couldn’t add any of the coaching packages, I did add my “Tired Landlord” self study guide to the list.

I hope you’ll take a few minutes out of your day and celebrate my Dad’s birthday with me by going to www.APlusResults.com and checking out the titles I have offered up in this sale.

Birthday’s don’t last forever and neither does this coupon.   It is good for one time, but you can pass this email or the coupon code on to someone else and they can use it one time as well.  And, it expires at the end of this month.  If you try to use it on September 1, it won’t work.

So, go now to www.APlusResults.com and place your order.  We recently enabled the site to accept both PayPal and all major credit cards.  As soon as you pay, you will get an email that will enable you to download your purchase.  If you have any problems with the coupon code or the site, call me (704-699-6080) or send me an email (TSheppard@APlusResults.com).

Celebrate my Dad’s Birthday and take 30% off your order today!  Don't forget to use the code DADS87.

Tom Sheppard is the author of "Fire Yourself: Get the Job You Want" available from XLibris Press. Tom has been successfully investing in real estate since 2001 while working part time. In 2008 he left a six-figure job as an enterprise project manager with a major national bank to manage his real estate business full-time. His goal is to help 100,000 people find peace of mind by finding quality, affordable homes. He is currently looking to expand his network of funding partners who are helping him achieve this goal. If you would like to know more about how you can Do Well By Doing Good (TM), go to www.CharlotteWealthPartners.com

Buying a House for Pennies on the Dollar

Can you really buy a house for Pennies on the Dollar?

Yes, you really can, and I have. And yes, there is a catch!

Recently a partner and I purchased a home that is worth about $300,000 for just $140,000. In case you don't have a calculator handy, that is 46 cents on the dollar.

This is a nice house in a nice neighborhood. So, what is the catch? Well, actually there is more than one.

Catch #1) ALL CASH and QUICK CLOSING

When you find a house that you can buy at a price significantly below the market value you must have access to a large sum of money that is available immediately. We had to close in less than three weeks from the time we found this deal.

Three weeks isn't enough time for traditional lenders to even finish determining if they think you will pay them back. Then they need to spend several more weeks scheduling and evaluating the house you want to buy. The bottom line is, a fast close for a traditional lender is six weeks and most won't get done in less than twelve weeks.

So, if you cannot get the money fast, then the deal will get away from you.

Catch #2) Lenders Will Only Consider the Purchase Price

When you find a deal like ours, most lenders will look at the contract price of the property and will only lend a portion of that value. This will still leave you with the need to come up with anywhere from 5% to 20% of the contract price in order to make the deal happen.

Catch #3) Lenders Will Decrease the Loan Based on the Property Condition

When you find a house at a great price, in most cases it is going to require some repairs. If the repairs are too significant, the bank won't lend you anything, regardless of how low the purchase price is. They don't want to end up owning it in case you walk away with their money. If the repairs are within reason, they will decrease the stated value of the home by the amount of the repairs and lend you a portion of the decreased value.

Catch #4) Fixing the Property Requires More Cash

With very few exceptions any house you can buy for 46 cents on the dollar is going to need some repairs and some updating. To do the repairs and updating will require more money.

Our deal was no exception. We had to put on a new roof within days of closing to make sure we didn't have the inside get damaged from rain that would have come through the old roof. Then we had to clean out the house and make several other repairs. Lastly, we had to update the tiny kitchen by expanding it and improving it.

All of this requires a lot more cash, in addition to what we paid for the house at closing.

Catch #5) You Have to Pay While You Wait

When you get a loan to buy and fix a house, you have to keep making payments on the loan even though you aren't living in the house. If you get a loan that doesn't require payments, then you are just deferring payments while the interest is piling up. That is what is known as the cost of capital.

Catch #6) If the Repairs Aren't Done Right It is Still Your Problem

When you are doing it yourself or even having others do it for you, if the repair or upgrade is messed up, you are still on the hook. You will suffer more for it than anyone else in terms of money, time, and frustration.

Conclusion

Every week my team and I find and buy homes for pennies on the dollar. We work with a group of investors who make money with us by lending us the money to buy and fix these homes. We pay cash and close quickly. Then we fix up these homes and make sure they are done up right. When we are done, we want to sell them fast, so we put them on the market at a discount price. That way you save m0ney even while we make money.

While it is true that you can find and buy houses for pennies on the dollar, there are a lot of hidden downsides to doing this for yourself. We know and understand the problems with doing this. We do it every week.

If you buy a home from us, you will save yourself the time and frustration of trying to find one of these deals and you will save yourself the aggravation and disappointment of trying to buy and fix up one of these homes.

Why bother when instead you can let us to all the dirty work and you still get a discount on a beautiful home?

Tom ~

Why Buy Retail?

http://www.buyahousebelowmarket.com/

See my latest blog about what we do at The Gold Seal Homes Group: http://www.youtube.com/watch?v=ACJx3wpKezQ