Watch BIG Webinar Replay with Bill Twyford
Posted on February 23, 2024 byLive In Person & Online Meetings
with Bill Twyford
The Beginning Investors Group Online (BIGO) is meets ONLINE ONLY on the 3rd Monday of each month at 7PM on Zoom Webinar. This month, Dustin Griffin & Bill Twyford will be discussing “How to Make Over $100K on Every Deal!“
Is it possible?!? Do you believe you can make over $100,000 on every deal? Well, let’s look at this…
What is Equity Partnering? Who are you partnering with? To start out you need a Distressed Homeowner that has about 30% or more in equity in their home. The homeowner has very little time to sell their home before the foreclosure sale date or some other uncomfortable life situation where they need to sell fast for whatever reason. They are “High on Equity & Short on Time”.
Most homeowners think that they will be able to solve their problem and resolve their situation. This is what Bill calls “Burning Time.” Burning Time is when a homeowner has the time and the equity to sell their house; however, chooses to try to save their property, make up the back payments or modify their loan and FAIL. Now, they have put themselves at the mercy of the CASH VULTURES.
Let’s look at an example:
A house has an ARV of $750,000. Mortgage is $350,000. House needs $50,000 in repairs and has a monthly payment of $2,500 with 10 payments in arrears. House has a foreclosure sale date in 25 days. How much equity does the homeowner have? Most homeowner’s think they have $350,000 in equity. Do they?
Bill says “It is you job to explain to them they have very little equity. How do we do this? The CASH VULTURES offer the homeowner $10,000 to $30,000 for their equity. Is this illegal? NO! I just feel that it is our job to create a win/win/win situation. After reading this strategy, you will see how you can beat out the CASH VULTURES all of the time. You will create a great deal for your homeowner so they can get some cash. You will also be handsomely paid as well.
So how does this work? It all starts with getting the homeowner to realize you are there to help them out of their situation. They need to First sign an Authorization to Release so you can talk to the bank. Second, they need to sign the Sales Contract and a Profit-Sharing Agreement so both of you know how the equity will be split at closing. Third, they will need to deed the property into a land trust.
At this point, you will give the homeowner an Equity Advance so they can move out and deed you the property as a Short-Term Subject-to. Most time you will give the homeowner an equity advance of $5,000 to $10,000 up front. You then will make up the back payments to cure the mortgage and to stop the foreclosure sale from taking place. It is really that simple. I’m going to show you on the BIG Webinar how we will structure this deal. You won’t believe what you make on this deal. $20,000? $50,000? $100,000? No, not even close. Much, much more! WATCH NOW to Learn Much More!”
Bill Twyford, known as “The Real Estate Rock Star”, has been an extremely successful real estate investor for over 25+ years. He has been involved in the purchased and sale of over 1,200 deals such as Notes, Rehabs, Short Sales, Wholesales and Commercial Deals. He is one of the most successful investors in America and he contributes his success to a great work ethic and his strong communication skills.
Bill specializes in teaching investors “Strategic Communication Skills, Real Estate Creative Financing Training and Foreclosure Training” that they corporation need to achieve higher success. You are in for a real treat on Monday at the Beginning Investors Group Online. WATCH NOW!
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