In the movie “Jerry Maguire,”
one of the most famous lines and my personal
favorite is “show me the money.” We all
think it, but wouldn’t you just like to
scream it out sometimes? In case you never
saw the movie, here is a You Tube clip:
In the early 80’s, a cute elderly lady
became famous in a Wendy’s commercial
for the line “Where’s the beef?” Again,
this is really the same thing stated a
little differently:
Why are these lines so famous? Well,
it’s partly because of marketing,
but really because we hear it loud
and clear. We have experienced it
and we can certainly relate to it.
In business or investing we really
want to say: “show me the money”
or “show me the wealth.”
Welcome to Rogue
Investor’s 1st Annual Show Me the
Wealth Conference in the “Show Me”
state of
Missouri
. Start making your
travel plans now for August.
The only purpose of this event
is to “Show You the Wealth.”
Why is this conference any
different?
Because I
am going to personally
show you how to invest
in tax liens and then
take you to a live tax
lien auction.
Because I am going to
personally show you how
to invest in REO
foreclosures and then
we’ll go find you one.
Because I am going to show you how to create
a cash-flow website or optimize your own at
almost no cost.
Because I am going to show you how you can
create a business LLC and give you all of
the forms and paperwork necessary to create
it.
Because I am going to show you how to use
your IRA money to invest in tax liens,
foreclosures or set up your own business.
Because I am going to show you how you can
get government money for real estate and
business, including the new stimulus money.
Finally, I have invited experts in credit,
government grants, business psychology,
business structures, tax planning, website
businesses, and retirement accounts.
Now more than ever is the time to be your own
boss and own your own business or start real
estate investing.
Sign up before
Pacific time,
July 31, 2009
and receive a $1000 discount off the normal
price of $2997 for the conference, plus I will
let your guest attend for free.
We’ve had a great response so far to our
10-10-10
Foreclosure Plan, and we are actively buying
income-producing properties for several
investors. If you are interested in a
cash-flow opportunity, don’t miss out.
Just yesterday there were 280 new
foreclosures
in the KC market in the price range of
$2,000 to $10,000.
The
10-10-10
Plan is very simple to understand and it can
make you a lot of money.
We find you an income-producing property,
typically a foreclosure, and we negotiate
the price down dramatically. In return, you
pay us a 10% finder’s fee. Our goal is to
save you more than 10% so your fee is free.
In addition, we will do our best to find you
a property that is at least 50% below comps
for the area.
We have inexpensive and competent
contractors on hand and ready to fix up your
property to get it in rentable shape or make
it suitable for government programs, such as
Section 8. Our experience over the last year
has shown that our contractors are at least
one-half of the cost of other contractors.
For managing any fix up or rehab, we charge
10%.
The final 10% is for rental management. We
will manage the rental, occupancy and
collection of rents to keep the hassle
factor down as low as possible. For anyone
who has managed rental properties, you will
recognize that this nominal fee is well
worth it.
Furthermore, your risk is greatly reduced
because we screen each property and provide
estimates of any rehab costs and ongoing
expenses. We work with you one on one, take
pictures, get quotes, and speak to the city
all before you sign on the dotted line.
The 01 sale (normal) will be held on July 14
and has a one year redemption period. All
properties where a lien is not sold the tax
sale certificate will be issued to the
Commissioners. They may sell the certificate
at a later sale and the redemption period is
120 days after their sale.
The 02 sale (vacant or
abandoned) will be held on July 21 and
properties sold on that sale will have a 120
day redemption period. All properties not sold
on this sale will be then become the
responsibility of the Commissioners.
Visit SRI Incorporated's
website at
http://www.sri-taxsale.com/Default.aspx
for a calendar of additional Upcoming 2009
"A" Tax (Treasurer's) Lien Sales (see
right-hand margin of web page) throughout
the year.
The state of
California
imposed a 90-day moratorium (starting
June 15, 2009
) on all foreclosures as part of the new
California Foreclosure Prevention Act. The
law requires that lenders prove they tried
to modify a borrower’s loan before
initiating foreclosure proceedings. The new
law:
1.
Imposes a 90-day foreclosure moratorium to
allow distressed homeowners time to work out
loan modifications with their lenders.
2. Allows lenders to avoid the moratorium if
they have a comprehensive loan modification
program based, in part, on criteria set
forth by the Federal Deposit Insurance
Corporation. Loans may be modified several
ways, including interest rate reductions,
extension of the loan term, or principal
reduction.
3. Provides oversight and accountability by
requiring regular reports to the legislature
on loan modifications and foreclosure
reductions, and coordination with
appropriate state regulators.
What does all this mean? First, many lenders
are exempt and foreclosures will not actually
stop, but probably just be slowed down.
International Property Update
Mexico has recently been feeling the pinch of
a drop in tourism related to the Swine flu
scare, a drop in incoming money from families
living abroad (12% less in August, the largest
drop in many years), and most importantly
severe declines in oil and gas revenues. This
could mean great deals on properties, but it
will likely result in greater risks. You
decide.