Special Audio Seminar Tonight ONLY! One-on-One with Jason Rodriguez — FREE!

by neckontheline on October 8, 2009

Get your toughest real estate investing questions answered by investor, mentor and the only guru who’s willing to put his neck on the line as he buys and sells a house in 2 weeks and walks away with $10,000 for the entire world to watch!

Tonight! Jason Rodriguez will share more of his best kept secrets to building a buyer’s list, driving traffic to properties and getting funding without ever stepping foot into a bank. Plus, he’ll be answering your questions including:

  • What are the best ways to market a property?
  • Can you really use a charitable cause to help sell a house?
  • How do you get started if you have no money?
  • and much, much more.

All you need is a phone to listen in. There is no formal presentation.

Join Jason Rodriguez LIVE Thursday, 9 – 10 PM EDT. Phone lines are limited.

Here’s what you need to do:

Step 1. Click here to reserve your phone line and get the call-in number.

Step 2. Post you question in the comment box below for Jason to answer.

Step 3. Listen in tonight as Jason reveals his answers.

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Day 10: Got the second house – more than $10,000 in the deal |
October 8, 2009 at 11:07 am

{ 25 comments… read them below or add one }

Sam October 8, 2009 at 9:33 pm

What did your guests do to find the fantastic deal they mentioned?

Megan October 8, 2009 at 9:30 pm

what kind of fee did Pablo give to the investor that sold it to his list? what kind of legal agreement did they have in place?

Megan October 8, 2009 at 9:15 pm

How did you use realtor.com to find the median 170K home price and the typical 3/2 home? I’ve not been able to find that in there

Megan October 8, 2009 at 9:14 pm

I won’t be able to attend the seminars this year – will you be holding any on the East Coast next year?

Have you had any luck selling with social media – either FB “friends or groups on FB or Linked In?

Carol Goetze October 8, 2009 at 9:10 pm

What’s the difference between owner finance and lease option?

Lee October 8, 2009 at 9:08 pm

How did you determine the top zip codes for hot areas?

Carol Goetze October 8, 2009 at 8:14 pm

Jason, you and Torrey rock!

I have a seller who is interested in selling their $4mil prop, what would be the best strategy to use in this kind of deal? I’m thinking possibly lease option, so how would I market this high end property?

Lee October 8, 2009 at 6:55 pm

Q1: You have been talking about seller financing for at least one of the houses. How can you do seller financing if the seller does not owne the house free and clear?

Q2: Are you using any other method besides picking up flyers from other homes for sale in the same area as your purchases and if yse what are those other soources?

Q3: Since Torrey was not a brand new investor and had some contacts in the RE investment arena, other than your local REIA group(s) how do you find private money lenders (OPM) or did you use a Hard Money Lender (HML) for the marketing money Torrey received?

Q4: Besides Craig’s List what are some of the other Free sources you have used in this challenge to find prospects, do advertising, etc…

Q5: You have not mentioned this, but how long did you give yourselves to close on these 2 houses? I understand the challenge is for 2 weeks, but typically how many days do you stipulate in the contract for closing the deal?

It has been great to watch this unfold as you and Torrey work to make this happen. You did mention in one of the video clips that you were going to go through the full marketing process you will be using for the 2 house you have under contract. I am looking forward to hearing this from you since I am new at REI and have not made my first purchase as yet. I will be taking notes and paying very close attention to this video when it is posted. Keep up the great work.

Torrey, I send you all the best in getting your REI business off the ground. I wish you all the best of success in this challenge and beyond!! I look forward to possibly doing a deal or more with you sometime in the future as well!! God Bless you and your Family!

neckontheline October 8, 2009 at 6:04 pm

It’s a good question. The problem is that we can’t record people without their permission and frankly we don’t want to jeopardize a deal because someone may feel uncomfortable about being recorded. Hope that answers your question.

Tyler October 8, 2009 at 5:39 pm

First of all I have to say thank for doing this. Really impressive. But not being negative, I just wonder why you never let us listen in on any of your phone calls. You always have the recording on when you about to hang up. Why? It is not that I don’t believe you or Torrie, You mentioned you got the 1st house done and 2nd house done, can you show us some paper to prove the seller agrees to these. For all we know, you said you had these 2 houses but no paperwork! If you already got the deals then it is okay to show us the prove. Thanks and hope you get to sell these soon! Hope you not offended because I am eager to learn that’s all.

Renzo October 8, 2009 at 5:25 pm

Jason: You guys are making RE history. I wanted to ask you:
Q1. To sell the property(es) Would you be doing an auction-type or a straight-out market sale?
Q2. What % below market value, would the property (es) need to be at, to drive the intended traffic and finally sell them?
Q3. Is this feasible to do in a market that continues to drop?

Thank you very much and continue the great work

R.C. October 8, 2009 at 9:42 am

Q 1. Due to prior commitments, I would be unable to attend your 1on 1 Q& A session to-day. Would their be a replay available? I could listen to the replay to get some answers to the questions I had, after watching your day by day deal videos? They were great.

Q2. Could you broadcast your bootcamp live on the internet for those who can’t afford to get to the bootcamp?

Q3. Could a rookie investor with no experience do a deal in 2 weeks? Torrie was not exactly a rookie and besides you are an expert.
Q4. How realistic is it to do a deal by one person? There seem to be lot running around between you and Torrie to complete the deal. I was wondering if I were to attempt this I would have to do it myself when starting out becuase I can’t afford extra help. It was two of you working the deal and were planning to drive 0ver 100+ buyers to the houses. I was wondering if one person can make this happen, when starting out with very limited resources?
Q4. In the videos I did not get an idea how a rookie could do the valuation of the deal? As a rookie when you go to meet the seller and look at the house, How to know what needs reparing and how much would it cost and how to get comps for the house and how to use it when you have never seen a comp before?
Q5. . As an investor do we have to get on title to do the deal–buy the house & sell it in 2 weeks for quick cash ?

Polcat October 8, 2009 at 9:24 am

Jason,
How are you spending the $5,000 to market the house?
Also, youj mentioned using ‘bandit signs’ to get seller leads. However, what should we do when we are in an area that will give fines for any signs?………thanks man

neckontheline October 8, 2009 at 8:41 am

You will definitely get to see the Challenge through to the finish! To see any of the Days you may have missed just go to the home page at http://www.ExtremeRealEstateChallenge.com and click on any of the headlines for the days you would like to see. Hope that helps.

Ted October 8, 2009 at 8:32 am

I was not able to listen to all of the days is there a way that I can listen to days 8+9? And, are you going to allow us to follow you to the finish and see Torrey get his check.

Rick October 8, 2009 at 8:12 am

If the property has a real estate sign in the front yard and is listed in the MLS, how are you able to “discount” the price to the seller by the amount of the commission owed?

Marlon October 8, 2009 at 8:11 am

Could you go over how to structure the deal with an owner who is willing to do a “rent to own” and the exit strategy?

polcat October 8, 2009 at 8:10 am

Jason, can this possibly work with a house that is listed with a Realtor? If so, how does the Realtor get paid?……………….I like what I’m see/hearing so far! Keep styling Jason and Torrey.

Kevin October 8, 2009 at 8:07 am

By the way, Jason; what free websites were you guys using to look at inventory?

Noel October 8, 2009 at 8:03 am

What kind of demeanor do you need to create competition for a sale is it easy? Do you have to be tricky or can you just be yourself?

Avery October 8, 2009 at 8:02 am

I’ve been reading your blog for awhile now and just wanted to thank you. I really enjoy someone putting themselves on the line and cutting through all the fluff. We need more like you who “tell it like it is”. I’m a part time “real estate investor” and I can tell you the rental market is picking up, how do i use that to my advantage?

Keith October 8, 2009 at 8:01 am

Can you fix up homes with just you and your significant other or is it wise to hire a remodeling crew? If the answer is the crew, any suggestions about finding a trustworthy fix up team?

Kathy October 8, 2009 at 7:59 am

What is an investment club? Can you write off rehab repairs as tax deductions?

Lee October 8, 2009 at 7:55 am

This information is good to hear for us new to investing, but as others have been syaing; more details we hope are coming on just how you are going to be driving leads and buyers to the properties you have under contract. This is something necessary for us all to understand and follow.

Keep the vids coming!!

Lucky October 8, 2009 at 7:53 am

You 2 guys are working hard. The intensity is rising all the time. Can’t wait to see you sell them. Jason you said you do not do many straight rentals. What do you do?

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