Hi All,
I have an offer for serious Real Estate Investors (both beginners and experienced).
If you are interested in getting connected with a well respected and very credible New York Hedge Fund who specializes in buying Bulk REOs, then you may want to carefully read all of this post.
I mentioned in another thread that (in February 2009) I attended a Live webinar of a well respected New York Hedge Fund who buys both Residential and Commercial Bulk REOs. I mentioned how (at the time I made the post in that thread) they were at this time focusing more on the Commercial Bulk REOs, and was in fact given an additional 1.2 Billion to invest in Commercial bulk REOs. And that they were not at this time advertising their interest in Residential bulk REOs.
Well that has changed because of the ever increasing bank failures and the URGENT need for smaller banks and lenders to get those non-performing assets off of their books to avoid bank failure. So, this Hedge Fund is opening it back up for Residential bulk REOs, meaning they are accepting new partners for the Residential Bulk REOs and Non-Performing Notes program.
I know because I just reviewed their new webinar (which was recorded) and this time I paid attention to the duration. The host added something at the beginning regarding the recent bank failures (which was approximately 5 minutes), then the actual webinar was approximately an hour and a half long. They repeated much of the stuff I already took notes on back in February during the first Live webinar I attended on their Residential Bulk REOs program. I just took notes on a few of the new points.
One thing that is different this time is that the new partners do not have to attend a 3-day Live workshop (which they would have had to travel to if they didn't live in the area). Instead, the workshop that was included before (as mandatory to attend), was recorded and is now on DVD. So, the new partners get this and everything else included in the training (without having to travel).
As I mentioned before, they train their partners to go directly to the banks and hard money lenders. They absolutely will not go through agents. [See the HUD/Bulk REO thread to see what I wrote about this] They buy the bulk portfolios their partners present to them (or broker to them, if you will). You do not need a license to do this however, you are not a broker. You are acting as a "Finder" and are paid a "Finder's Fee".
They teach the partners exactly what banks and lenders to go to (exactly how to find them). Exactly who to talk to at the bank (the actual decision makers), and exactly what to say to them. Actually, in the webinar, they reveal all of this to you. So, you could do it, even if you did not turn over any portfolios/pools to them. You could keep them and buy them yourself if you wanted to.
All their partners have to do is go after what the Hedge Fund is looking for (qualify the pools), and turn the tapes over to them for bidding. They do the due diligence and appraisals (not the partners). The Hedge Fund gives the partners credibility (most banks and lenders already know who they are), and they provide the partners with a $2 Million "Proof of Funds" (for the residential Bulk REOs).
The average deal is, however, $5 Million. When the deal closes, the partners get 1 point, or $50,000 cash. That's not bad at all if all you have to do is say a few sentences to the right person at the bank and get the tapes to the buyer. They do everything else and you get the check.
As of right now, they are accepting new partners. To get their complete package (which includes extensive training) and on-going live support, and use of their funds and credibility... the tuition is $1,497 (for the complete Bulk REO Investing Home Study Course ...which includes a manual and DVDs and all the "partner" privileges).
But the great thing about it is, when you close your first deal with them, they will give you TRIPLE your tuition back! So, if your first deal gets you the typical check of $50,000. You will get two checks. The one for $50,000, and also a check for $4,500 (triple your tuition back)! They do this because they want you to be one of their loyal partners who will continue to bring them the deals they want.
They only have limited openings for partners though. Seriously. Each $2 Million "POF" is reserving that money to actually PURCHASE these portfolios, not flip them. They resell the properties "ON TERMS" to sub-prime buyers and to investors. So, the money is used for the actual "buy and hold" for resale. Unlike with our program where the money is used for one day for flipping in back-to-back closings (which is why our funds are not limited). The Hedge Fund only has about $100 Million left, designated for the Residential Bulk REOs.
Anyway, I will gives members of our program who upgrade to Platinum (those who enrolled under me), direct access to this recorded webinar, and thus, access to this bulk REO buyer (this New York Hedge Fund). Keep in mind, they buy Residential bulk REOs, Commercial Bulk REOs, and Non-Performing Mortgages (Notes). And many banks are desperate now, because they must sell off these bad assets to keep the FDIC from shutting them down (or taking over). So, there is definitely opportunity for partners to reap very huge benefits.
If you would like to be a Platinum member of our program, but do not have the money, on my doorway page I give some suggestions of where you might possibly get the money. Some of the sources will give you "Unsecured Personal Loans", even if you do not have the best credit. If your credit score is at least 640, you are good. You can get the money you need in about 24-48 hrs.
If you are qualified for the personal loan, then you may want to ask for enough to cover both your Platinum membership in OUR program AND the tuition to partner with this Hedge Fund. One source lets you get up to $10,000 in an unsecured personal loan. Once you get the personal loan, you can do what you want with the money (even pay off some of your existing debts). They give you plenty of time to pay it back.
Remember, in our program you will also get the training to learn how to be the actual buyers of Bulk REOs yourself, as well as have access to up to $50 Million "Proof of Funds" (real verifiable funds with an actual "Loan Commitment"...which takes it a step beyond just a POF) . Then you can have the best of both worlds. Being a partner with an actual Hedge Fund, AND the ability to be the actual buyer/seller when you are ready (or just do the normal High End short sale flips or Commercial Property and/or Land flips, or profit from any of the other courses you'll have access to.
Once you upgrade to Platinum in our program, I will give you the direct link to the Hedge Fund's recorded webinar. You will find out who this Hedge Fund is, and their reputation and credibility (they are always getting good press), and who the managers are. You'll then be able to determine if they are somebody you would like to work with.
You do not have to pay for their tuition just to view the webinar, it is FREE. Only if you want to be one of their partners will the tuition need to be paid. You will be given the URL to the payment site after the webinar is over. You can also talk to the host before your purchase, I will give you his email address and physical address too. He is one of their partners already, for both the Residential AND Commercial Bulk REOs.
If you were to go ahead and borrow the funds to both upgrade to Platinum in our program, AND pay for the tuition in their program, you do not have to spend the extra money you borrowed for the tuition if you don't want to be their partner. Just keep the money in the bank and use it to pay back the loan... which will boost your credit score even higher (if that's possible). Or you can use some of it for other debts. Personal loans allow flexibility of use.
First things first. Go to my website to review everything and see if you do want to be a Platinum member of our program. If so, you will need to do it as soon as possible in order to not miss out on becoming a partner. They will keep the payment page active as long as there is still room for more partners. Then they will deactivate it.
But they will let us know (those of us on the host's list) when they are opening it up for new partners again. This could be within the next two or three months... if they get more funds to work with. So, you can also be on the list to be notified. Just ask the host to put you on his list. But regardless, you will be able to view the webinar at any time. It should remain up and will be adjusted when it is updated with new information (when they open it back up for new partners). As long as you're on the list, you'll never miss out. I'm on the list, so I know.
BTW, this host came very highly recommended to us by our mentor in our program. That's how I got on the host's list. The host is a very experienced and credible Real Estate Investor and teacher. You may have already heard of him if you are in the Real Estate business.
Once you sign up free and upgrade to Platinum in our program, email me and let me know that you want the link to the Hedge Fund's webinar and the name and email/mailing address of the host. This offer is also open to those of you who are already signed up as a free member under me but have not upgraded yet. If you already have the funds to upgrade, I encourage you to upgrade now, so you won't miss out on one of the greatest partnering opportunities around right now. And you get TRIPLE your tuition back once you close your first deal with them...how sweet is that?
And once you get your foot in the door as their Residential Bulk REO partner, you can be given access to their Commercial Bulk REO program as well (which costs twice as much as the residential usually, but not so for existing partners). As I said, they have 1.2 Billion for their new Commercial Bulk REO program. Trust me, for the deal they have for their partners in that program, becoming wealthy very quickly would no longer be just a dream.
I am going to still be working on a way to flip to this Hedge Fund the bulk REOs I can get from Rich. In the meantime I am still putting all my ducks in a row and setting some things up.
Well, that's it for now. But I just want to say that, one way or another, I still intend to purchase Bulk REOs from Rich because I truly would like to help them raise money to implement some of the projects for their "Katrina Project". Many of those people are still living in shabby trailer homes...4 years after that disaster hit that area. Any of these deals with Rich that close, will directly help those people.
I'll leave it up to you to decide what you want to do. My two websites answer most (if not all) of your questions about our program, and you can attend the Live webcast on my main page every Wednesday night. You can then ask questions live. If you miss Wednesday's call/webcast, you can wait till the following week, which is fine if you have no interest in being a partner with the Hedge Fund. But if you DO want to be a partner, waiting can shut you out of the current opportunity. You can still get on the list in any case, but we don't know when they will open it back up for the next partnering opportunity.
I will check each day to see if the payment page is still up for partners. I will post it in this thread when the page has been deactivated. If you upgrade in our program to Platinum and the page gets deactivated before you get a chance to pay your tuition, I will make sure you get on their list to be notified when they open back up for new partners. I will still give you all the contact information I have, for both the Hedge Fund and the host.
But my offer is good only for the month of September. You can still upgrade in our program after September, but you won't get access to the Hedge Fund through me. So, upgrade in September and you will be connected to them one way or another.
Ok I'm done for real now.
Good luck in whatever you decide, and thanks for reading my long post.
JoAnn
P.S. If you know anyone else who may be interested in my offer, please refer them to this thread ASAP (before September ends).