Real Estate Network

Posts Tagged ‘Income’

Irvine, CA (PRWEB) November 14, 2011

As one of the most sought-after real estate trainers in the world, Craig Proctor sat down with the Accredited Income Property Investment Specialist (AIPIS) podcast for a strategy session for up-and-coming real estate agents and investors. Proctors Quantum Leap System shows real estate agents and investors how to create balance while accelerating income as a real estate professional.

One of the problems in this industry is that we get rewarded for bad behavior, said Proctor at the outset of the show. We engage in activities quite often that dont work that well. But every once in a while they do, so we continue to engage in those activities, and it really comes down to not knowing a better way to do it.

Proctors mentions the old practices of cold call prospecting, knocking on doors and spending a fortune on self-image advertising. The host of the AIPIS show asked if there was an ah-ha moment that caused Proctor to search for a better way. Proctor responded that he got tired of rejection, cold-calling and chasing down prospects. I had to figure out a way to get clients to come to me, Proctor said. He said that self-image advertising didnt work, citing failure after much expense and hard work.

Proctor cites the solution as direct response marketing. Instead of talking about me and my designations and how much I wanted a buyer or sellers business, I tried to offer them something that they really wanted. Proctor said that changing his tactics changed his business completely. He had so many people wanting to do business with him that he was able to choose his clients.

He began by running ads in the newspaper offering, for example, trust salesan offer that buyers were probably already looking forwith a phone number that led to a hotline voicemail.

Proctor continued the interview by going into deeper aspects of sales technique. He worked on the theory that anyone will buy a property in any market if its priced correctly. Proctor said the best way to deliver news about new properties is through email, which eliminates the delay that often occurs with television shows or the newspaper. Giving buyers proprietary information and priority accesscreating the sense that buyers are receiving special deals sent especially to themis a key component to his sales process.

Craig Proctor was among the top ten RE/MAX agents worldwide for a decade straight and before age 30 was named the number one RE/MAX agent in the world. He is Founder and CEO of Craig Proctor Productions, an international real estate success coaching organization which has shaped the lives of over 30,000 real estate agents across the globe via Proctors Quantum Leap Real Estate Success System.

About Accredited Income Property Investment Specialist (AIPIS)

The mission of Accredited Income Property Investment Specialist (AIPIS) is to properly educate real estate specialists and investors in the proven methods of income property investments as a road to building wealth. This certification program is for those who are serious about taking their career to the next level; creating personal success and wealth while assisting clients with their financial goals.

With a podcast aimed squarely at real estate and mortgage professionals, the AIPIS educational podcast goes hand in hand with the AIPIS accreditation. This ones for professionals who want to stay on the cutting edge of property investment education. For more information, visit Accredited Income Property Investment Specialist(AIPIS) online.

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Article by Stephen Wells

The utilization of “Stated Income” (no tax returns and no income verification) commercial loans could be a vital strategy to avoid several commercial mortgage loan problems. As an example, several borrowers can simply not qualify for a industrial real estate loan if tax returns are used thanks to high business expenses (and low internet income). This article can describe what differentiates a Stated Income business loan from a standard or traditional business loan.Very few ancient banks use Stated Income for a business real estate loan. Many/most business lenders will perform a radical income verification as half of their underwriting process. Most non-ancient commercial lenders do not need tax returns or any income verification for a Stated Income commercial loan. Ancient bank commercial loan underwriting conditions will typically embrace copies of tax returns furthermore a requirement to sign IRS Kind 4506 which authorizes the lender to obtain tax returns directly from the IRS. Some lenders need this manner additionally to current tax returns. The additional devious use of this way is when lenders make a point of not requiring tax returns however separately ask the business borrower to sign this form. The most common rationalization in soliciting for this type will involve the words “routine request”. This will typically occur simply before the final closing and be further characterised as “one final small detail”. In point of fact IRS Type 4506 is neither “routine” nor a “small detail”. The use of this type is a lending apply that can have a potentially detrimental impact on a commercial borrower’s money interests. In distinction, for most non-traditional business lenders, IRS Type 4506 isn’t needed for their Stated Income business loans.The worth of using Stated Income will not end when the commercial loan closes. Many/most traditional banks need income verification/audits even after the commercial assets loan closes. Most business borrowers will not believe this till it happens, however several ancient commercial loans will have covenants stipulating that the lender should receive financial knowledge even after the loan closing and that the loan will be recalled (forcing the industrial borrower to pay the bank back early) if the audit of this knowledge is not satisfactory to the lender. Most non-ancient industrial lenders do not verify income either before or once the Stated Income commercial loan closes.I have prepared a Special Report entitled “The Prime five Reasons that Banks Decline Business Loan Applications and therefore the Top five Methods for Converting a Declined Loan into an Approved Loan”. One of those five reasons is that loan underwriters realize one thing on a tax come that disqualifies a borrower beneath the bank’s lending guidelines. This “one thing” will frequently be insufficient net income, but when loan underwriters look at tax returns, there are many alternative potentialities that turn out a similar result. If the business borrower is applying for a Stated Income business loan, this case can not occur as a result of tax returns will not be included within the business loan underwriting process.Many business borrowers should be interested in strategies for preventing a lender from getting their tax returns directly from the IRS or preventing a lender from forcing a long-term loan to be repaid early. Stated Income industrial real estate loans provide a viable commercial financing strategy to alleviate concerns concerning these issues. Stated Income business loans are no longer simply a technique to help a commercial borrower that would not get a industrial loan any other way. Stated Income business loans are now increasingly viewed as a a very important method to guard the business assets borrower’s overall financial interests, each before and after the loan has closed.

Real estate was a big deal several years ago. Many people have made a lot of money and still to this day people are making a killing in real estate. As a matter of fact, back in 2001 when I started my mortgage career, I made a decent income as a mortgage processor, closer and underwriter. I wasn’t earning as much as the real estate agents, brokers and loan officers but the money was too good to be true especially for someone new to the industry. Now in 2011 real estate is still at an all time low. Many have left the industry in search of something different and some have stayed hoping the industry will pick up again. Eventually it will but not anytime soon. Today’s agents are struggling to make ends meet as sells are on sales, so my question to them is do you want residual income on top of your sales.

Now I know some of you are wondering what in the hell is he talking about, real estate agents are not based on residual income. What if I told you it is possible and you wouldn’t have to give up your real estate career? In my opinion I think it would increase your drive to sell houses more than ever. You wouldn’t have to do more than what you are doing now. All you would have to do is provide a suggestion.

Imagine selling a house to a happy buyer and then offering them the essentials that everyone wants and needs when moving into a new home. I’m talking about energy, internet, satellite tv, security system, home phone, and maybe even cellular service. Imagine offering these services and getting paid a residual income every month. To make it very simple, when you obtain a customer that buys and pays for a service every month you make a commission off of their monthly bill. All you had to do is recommend the services and how simple is that.

I’m sure some of the agents reading this article are saying this is just another money making scheme and that it will never work. Well I can be the first to tell you that this is not a scheme and it works like clock work for many people today. They are thrilled to take advantage of an opportunity like this. So are you going to be one of the doubters that sit on the sidelines or are you going to be a player?

In closing I will provide minimal info of what I’m talking about. The company that will make this all possible has been around for over 18 years and continues to grow every year and it has been endorsed by a well known billionaire. Calling all real estate agents! If you truly want more info or you are looking to get started asap then all you have to do is ask for your residual income.

With the lagging real estate market many Real Estate agents are looking for ways to create additional income with an online marketing business like Global Resorts Network. A lifetime Membership to GRN gives a person 52 weeks per year at over 5000 4-5 star resorts worldwide for prices of betwwen $298-$799 per Week per room. A huge saving over normal room rates and timeshares. On a $2995. sale there is $1000 retail commission plus a $1000 retail override.

Do you hear what I hear? The sound of money going down the drain as Real Estate agents drive buyers round from house to house, putting gas in their car, chasing around trying to find the rock bottom deal of the century because that is what the buyers are insisting on in this market today. Don’t get me wrong, buyers are what most Realtors want to work with, especially since it is a buyers market right now, and they are the key to keeping the real estate market afloat. But the more educated and sophisticated buyer of today knows that this is the time to snatch-up a home at 10 %- 20% off market value. But in order to find these steals, you may have to write several offers on several homes before you can actually get a seller interested in negotiating. This all takes time and money, and in many cases, the buyer stops the negotiations because the seller cannot or will not sell for rock-bottom pricing. Many Realtors are asking themselves, if I choose not sell Real Estate, what else would I do? Having a background in sales and marketing, it fits to look for a automated marketing system online that pays large commissions instantly. Many Realtors are searching the internet for a home based business one that would allow them to use the skills they learned from the real estate, and that would inspire them to want to keep learning and growing all the while earning a substantial income. Having done the research, spent the sleepless nights, I am here to tell you, I have found just that. I am happy to report that there is one specific home based company that stands out from the rest. I discovered the hottest new way to make money online. A home based business where people with no previous experience can earn $1000. per sale and $1000 override every sale your direct sales make. The system does 98% of the selling and telling for you. All you do is market the business We have people who call your prospects and close the sales for you. When you combine the amazing comp plan with a mentor who will show you how to drive massive amounts of traffic to your website free, its no wonder why so many people are jumping to this Automated Home Business System. The number one most important factor in your being able to earn a six figure income in this or any business opportunity is your commitment to your own success. You must be 100% determined that you will do whatever it takes to be successful and will never give up. You must be willing to learn and put in effort.  If you find a superior mentor who has high integrity, and the drive to see you succeed, YOU WILL succeed. The limits we impose on ourselves are the toughest ones. The right mindset is essential for success. If you feel skeptical about your success from the start, you will never achieve anything. So choose your business wisely, but more importantly, you must get involved with a solid mentor that will help you get into profit as quickly as possible.