Vendor Finance | Wrap Pack | Rick Otton  Hot PDF Print E-mail
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Overview
Author / Speaker: Rick Otton
Price (AUD $): 2,897.00
Money Back Guarantee: Yes
Comments: 12 CDs, 1 Calculator, 1 Software, plus other bonuses

Description

Vendor Finance Wrap Pack - Rick Otton

Do you know that you can buy property without qualifying for a bank loan by getting Vendor Finance? Here is an example:

When property investing, pay the seller their asking price but negotiate the terms under which you can buy property. You’d be absolutely surprised when property investing at how many sellers will help fund you into their property. Basically, you’re receiving vendor finance from the seller.

Let’s take an example of a $300,000 house. The seller wants $300,000 for their property. When property investing what most people will do is they’ll negotiate all day long to get the price down from $300,000 to $270,000. Then when buyers have negotiated to get the house for $270,000 they’ll get a bank loan and have the liability of a loan. They’ll get a 30 year loan and after about 5 years of making payments they will probably owe about $260,000. Instead I’d like you to consider a different strategy when buying: get the seller to vendor finance you into their home.

You can say to the seller, “Listen Mr. Seller, I know you really want your $300,000 but let me do this: why don’t you let me make payments on your existing mortgage and in return I’ll give you the $300,000 you want and I’ll just pay you direct.” When property investing, I’ve always found that if you say to a seller, “I’ll give you your asking price of $300,000 if you let me make your payments on the property.” You will be surprised how many sellers will let you pay them direct if you’re not trying to negotiate them down on the price. This is one of my favorite ways to control property.

Now I know that if I’m paying a seller direct at $300,000 at $2,000 a month, in 5 years time I’ve only got a balance of $180,000 that I still owe the seller. So when the seller says to me, “I will do this but you’ve got to pay me off in 60 months.” That’s okay with me because I didn’t have to qualify for a bank loan. When property investing can you see how getting finance from the vendor can be beneficial for both parties?

When property investing and getting vendor finance from the seller, you as the buyer may pay a little bit more for the house but by making payments direct you will owe the seller $180,000 in 5 years time instead of $260,000. You’ve made a profit of $80,000 with out qualifying for a bank loan.

If you’ve ever wanted to make money by investing in property then… “Discover the inside short-cut secrets of a real estate expert on how to quickly and easily invest in property so that you make positive cash flow from day one …even if you have no experience, and absolutely no clue on how to get started!

The Wrap Pack™ is a proven, step-by-step system providing passive income in real estate ... as well as doing something worthwhile for making the Australian dream of owning a home, come true for regular people with perfectly good credit and the ability to pay off a loan.

You can learn how to turn the equity you currently have in your home into a useful tool - SAFELY and EASILY. It’s an opportunity that’s available to anyone who either owns their own house or is paying one off (what’s interesting is that, 70% of the people using the system start off with no property at all!).


You can access to some Real Estate Training below. Turn on your speakers.

Here is some of what you’ll learn in the Australian The Wrap Pack™. You’ll discover:

  • What Vendor-Financing is and how you can use it to create a massive increase in positive cash flow

  • POWER QUESTION for revealing if a house is OVER-priced!

  • The 4 possible exit strategies for your investment and which one almost always FAILS! (knowing this alone is priceless)

  • How to turn ‘wrapping’ into your own business (that’s right, you can leave your job and just buy houses for a living)

  • Dirt-cheap ways to promote your house and special "home buying program"

  • The "magic words" which are proven to get bigger deposits from your buyers!

  • Why positive cash flow beats the pants off any other investment strategy you’ve ever used or are likely to use in the future

  • The 6 benefits of a wrap for you - the seller (you’ll make money 3 different ways and you’ll spend hardly any of your own cash at all!)

  • "The 5% rule" - and how it will become your immediate discount for the rest of your life when buying property

  • 8 things you CAN’T afford to leave out of your advertising

  • How to buy an investment property for thousands of dollars below the market value (this is so amazing, yet so simple, you’ll probably beat yourself up for all the money you’ve lost over the years)

  • The nifty little secret that IS "the 5% rule" - and how it will become your immediate discount for the rest of your life when buying property

  • How to quickly and easily identify a suburb you shouldn’t touch

  • The 7 things you MUST make sure are in working order before someone buys a home from you

  • The exact signage Rick Otton uses to have potential buyers swarming over his properties

  • The 2 "beginner’s mistakes" which could cost you thousands of dollars

  • The dangerous pitfall of expensive properties

  • 3 ways to buy ANY property at a minimum 10%-15% discount!!

  • How to automate all the procedures so that your positive cash flow appears like clockwork each month in your bank account!

  • 4 Proven ads you can place in a newspaper

  • The types of buyers who will be the backbone of your property empire!

  • The 8 things you MUST do before you work with a real estate agent (this will save you oodles of time and make the whole process a breeze instead of a stressed out drama)

  • The only 3 things you want to accomplish on your first day ‘on the job’

  • An actual copy of the exact Property Inspection Summary Form that Rick Otrton uses every time he check out a new property - yours to use free of charge

  • 4 ‘killer’ questions for real estate agents (used properly they could even help you to get a discount greater than 15%!!)

  • REVEALED: The one thing that really gets up real estate agents noses (direct from the horses mouth) and why you should never contemplate doing it unless you want to pay more than you should (you could even do this and be unaware of the consequences of your actions)

  • 6 ways to negotiate for big savings

  • Exactly how much to put down as a deposit on a home (and often it’s nowhere near the accepted "10%")

  • A 3 paragraph script for making sure your offer gets accepted FAST

  • AN ACTUAL ‘WRITTEN OFFER’ FORM: here’s the actual form Rick Otton uses to make a written offer to a seller (it has all the right wording etc, so that you don’t need to worry about it - EVERYTHING’S DONE FOR YOU)

  • The 15 most common mistakes you can make when buying an investment property (You'll probably never discover these on your own: how to avoid these potentially crippling mistakes NOW!)

  • The simple … but super profitable 11-Step Sales System - the very plan that if you just follow it to the letter, will very likely make passive income!!

  • A simple script you can use to pre-qualify buyers on the phone (this is the actual word-for-word script Rick Otton uses to make sure he deals with players - not timewasters … it’s a simple "paint by numbers" approach)

  • The 4 most important things you need to know before you exchange contracts

  • Don’t blow it! Use the Customer Service Tips to make sure your transaction fits like a glove for both you and the buyer

  • Why you want to spend as little money as possible on preparing a house for sale

  • 3 simple rules you should follow when design a powerful sign to sell your home

  • 4 low-cost ways to create mind-blowing drive-up appeal for any home

  • How to know for sure you’re paying the lowest possible price for your investment property (this one’s worth its weight in gold - there’s no truer saying than "you make money on your investment when you BUY, not when you SELL!")

  • How to fast-track your house for sale

  • How to know how much to price your investment house BEFORE you sell it

  • Don’t even think of buying a house if it contains these 4 things!

  • 2 hot words that get your phone ringing off the hook from buyers frantic to have your house (don't question these words — just use them and profit!)

  • 7 ‘killer’ headlines you can use in your ads to get an avalanche of response

  • The one thing you must NEVER ever do in your ads - failing to follow this insight could mean a 90% drop in calls

  • How to easily get your ad noticed by potential buyers (Even when there are hundreds of other ads, you can use these strategies to make sure YOUR AD is the first one they call!)

  • Plus much, much more!

That's just the tip of the iceberg. There is a lot more contained inside this course. Insider information that you won't find in any other course, seminar or book. Everything's based on real-life, in-the-trenches experience. There's no fluff or filler.

And again, it doesn't stop there. You'll also learn ...

  • 8 ways to instantly set-up an on-going referral system that brings you buyer after buyer (costing only cents in the dollar to run)

  • Introducing the "Silent Salesman" - yes, you don't even have to be there when your potential buyer inspects the house (this time saving device is imported from America your buyer inspects the property without you)

  • Ask these 4 key questions in order to easily find the right buyer

  • Simple formula for calculating the minimum acceptable income of your buyer (use the formula to quickly know if a buyer earns enough money to afford the mortgage payments)

  • 10 easy ways to make house inspections easy for you!

  • The actual Application Form Rick Otton gives to potential buyers (yours to use free of charge - everything you need to know about the buyer is on the form - this literally saves you well over 50-60 hours creating and perfecting your own application form)

  • Techniques for ‘closing the sale’ on your homes (including WHERE you must meet your client to sign the final papers - nearly everyone gets this wrong and it can end up costing YOU more $$$)

  • WHAT to send to buyers IMMEDIATELY after they buy your house

  • How to systemize EVERYTHING to run automatically!

  • What to do if a buyer can’t make their monthly payments (how to create a win-win solution that works for you and the buyer)


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Rick Is Head And Shoulders Way In Front Of All Oth

Written by Graham Horvath Saturday, 04 August 2007
1 of 1 people found the following review helpful

"Rick Is Head And Shoulders Way In Front
Of All Other People Who Are Doing It"

" I found out about Rick Otton approximately 2 years ago. Since then I've looked into 3 other people who are coaching with wrapping in Australia. Rick came up head and shoulders way in front of all the other people who are doing it.

His business ethics, his standard and his system
is far better than anything I have ever seen. Currently using his system in my first property there's probably $70,000 profit in it. So
I recommend anyone who wants to get into wrapping or financing in real estate to buy Rick's Wrap Pack and do his courses."

Graham Horvath, Brisbane, Qld


 

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