For People Who Think of a Home as an Investment First!
Video Resources to assist YOU with locking up potential killer real estate deals! Dean and some of his most successful students will share with YOU some of their best strategies, tips and techniques they have used in locking up deals!
Video # 1 - How Greg Murphy "Locks It Up"
Video # 2 - How Greg Murphy "Locks It Up" with a Lease Option!
Video # 3 - How Greg Murphy "Locks It Up" with the use of a flyer!
Video # 4 - How Greg Murphy "Locks It Up" and asks how hard do you want to work?
Video # 5 - How Greg Murphy "Locks It Up" with his stack of papers!
Video # 6 - How the Jurek´s "Lock Up" a Bank Owned REO!
Video # 7 - How Carol Stinson "Locks It Up" with her contract!
Video # 8 - Dean describes how to "Lock It Up" with an Assignment!
Video # 9 - Dean describes how to "Lock It Up" with Probates!
Website Links of Resources to assist YOU with locking up potential killer real estate deals! Click on any of the categories below to go right to your area of interest!
Categories: Accounting • Credit Reporting Bureaus • Hard Money Lenders • Legal Links • Mortgage Information • Finding banks in your area
How to/Reference Guide Resources to assist YOU with locking up your killer real estate deals!
As you move forward and want to lock up a deal there are various ways and forms to accomplish this. Having the correct form for the type of deal that you are attempting to lock-up is critical. There are various forms available for your reference on the deangraziosi.com website. These real estate forms and documents can be found at the following link:
Real Estate Forms and Documents
The forms are separated into the following categories:
Contracts & Documents
General Real Estate Forms
Another link to some useful forms on deangraziosi.com would include:
The Buyer´s List is just an easy and organized way to list and keep track of your buyers. When you have a deal locked up you can turn to your buyers list to see if there may be someone also interested in this deal. Then you may be in a position to assign, lease option or flip the property quickly.
The Cash Flow Form should be used for each property to keep track of your monthly cash flow. You want positive cash flow, which would be more total revenue rather than total expenses each month. If you have revenue left over after all expenses are paid, you have positive cash flow.
The Contractor Log is just an easy way for you to keep track of all your contractor contacts. You may network and meet people in the industry. You might even get business cards from contractors that you can add to your log. The key here is when you need something fixed, rehabbed or repaired, you already have some contacts to call.
Dean´s Deal Decoder
The Dean´s Deal Decoder form is to be used by people to try to where to find deals and how to attract those deals that want to find. It is just a quick reference guide.
Dean´s Deal Detector
The Dean´s Deal Detector form is to be used by people to try to determine what things that might be able to do in real estate based on their current situation. It is just a quick reference guide.
Bank Statement - Monthly Reconciliation Summary
The Bank Statement Monthly Summary should be completed each month to ensure your checkbook records reconcile to the bank statement. This is nothing more than just taking your starting checkbook balance and accounting for each check that clears, charge made or deposit that is made during the month with the bank. The checkbook and bank should balance each month based on the transactions that have cleared or will clear the bank. By reconciling your account monthly it will save you time at year end as you prepare for taxes.
Bank Statement - Detail Ledger
The Bank Statement Detail is a cumulative running total for your business checkbook account. From day 1 through today you can track any and all items that clear the account. Once again this is valuable information to keep you a step ahead during tax time.
Daily Lessons Learned
Sometimes it could feel like you are not making as much progress as you like. I found the Daily lessons learned helps me to focus and be happy for what I have learned rather than be upset with what I have yet to learn.
I believe a Daily Journal is a good way to keep you focused and on track. You can note things that occur during the day and they file it to the appropriate log at the end of the day or week.
Short Term Goal Tracker
Everyone should create their short term goals and track the goals for their progress. This form just helps organize and track these goals and note the date you accomplish your goal.
Long Term Goal Tracker
Everyone should also create their long term goals and track the goals for their progress. This form just helps organize and track these goals and note the date you accomplish your goal.
Interest Rate Tracker
The Interest Rate tracker is good to know especially if you are dealing with a bank. You want to be informed on what the current rates are for different mortgage products and this will give you the information you need as you speak with bankers. It is just a quick way for you to be in touch with the interest rates of the local market.
Analysis of Daily Schedule
You want to use this form to write out your daily schedule for a few days or a week. You want to write out each activity for each general day of the week. You will then do a little review and analysis. Everyone has 24 hours in a day, only you can decide how to spend that time!
By writing out and summarizing your daily schedule for a few days or a week, you may be able to spot the areas that you have time you can devote to real estate investing. This daily tracker helps you to see this. The question is what will be your choice of how you spend your time?
Daily To Do´s
Each day you should use this form to prioritize your daily activities. Always try to do the most critical items first that are very important. Then you can follow the "very important" activities by the "some-what" important activities and finally the "not as important" activities category.
Professional Network Log
The Professional Network Log is just an easy way for you to keep track of all your contacts. You may network and meet professionals in real estate. You might even get business cards you can add to your log. The key here is when you need something completed, you already have some contacts to call.
Real Estate Agent Tracker
The Real estate Agent tracker is just an easy way for you to keep track of all your Realtor contacts. You may network and meet real estate agents that specialize in certain areas of town or types of properties. It is always best to have a few resources if possible as you try to determine who your primary realtor might be.
Radar Log Summary
The Radar Log is used for properties that you want to track and watch. You like the property but you would like it more if it was less expensive. You can keep a list and check back with the listing or owners to see if their motivation may change every few weeks. Therefore the property is now "on your radar."
Another link to some useful forms on deangraziosi.com would include:
Contract for the Sale of Real Estate
This is a formal written legal binding agreement (contract) between the buyer and the seller for a specific piece of property (real estate) that outlines the terms and conditions under which the property will be sold under a specific point in time now or at a set time in the future.
Agreement to Lease with Option to Purchase
This is a formal written legal binding agreement (contract) between a buyer and seller where the seller has the right to lease the property for a certain amount over a certain period of time. The potential buyer (or lessee) also has the right to purchase the property based on the terms and conditions noted in the agreement.
Purchase and Sale Agreement
This is a formal written legal binding agreement (contract) between the buyer and the seller for a specific piece of property (real estate) that outlines the terms and conditions under which the property will be sold under a specific point in time.
Authorization for Release of Mortgage Information
This is a document that is used to gain access to a motivated seller´s mortgage account information. The form should be completed and signed by the motivated seller and provided to the bank that holds the mortgage in order to gain access to and verify the mortgage balance information.
Memorandum of Option
This is a formal document that is filed in the County Recorder´s office and used to notify others that an option has been granted on a particular property.
...this may take up to TWO MINUTES to prepare depending on the amount of data for the property you have entered.
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