Do you know the #1 killer of an REO business? No, it ain’t strong competition bubba (gosh knows there’s a gaping hole where THAT should be)! And it isn’t bad luck either. It IS the in-ability of lazy, coffee-drinking, sit at their computer all day, whine and moan about the economy, God’s gift to REO, “prima donna” brokers, to get off their fat butts and get their tasks COMPLETED on time! Let me tell you, if you want to be tossed to the curb quicker than Tiger Woods at a Swedish family reunion, then you just GO AHEAD BE LATE big boy! Your Asset Managers will cut your legs out from under you so fast that your competition won’t even notice you’ve disappeared! O.K. look, when you’re selling bank owned foreclosures, it is absolutely CRITICAL to have ROCK-SOLID systems in place, to handle the multitude of things that are thrown your way every day.
(Lack of) SPEED KILLS! – A Useful REO Time Saving Tool that Instantly Gives You a 33% Boost!
Last Updated on Saturday, 6 March 2010 08:41 Written by Mike Costigan Friday, 5 March 2010 01:29
How to Structure an REO Deal That a Hard Money Lender Will Finance
Last Updated on Tuesday, 2 March 2010 08:49 Written by Mike Costigan Tuesday, 2 March 2010 08:45
I get this question on REO Rockstars calls a lot so let me share a bit of free insight on why REO agents and investors buying bank owned homes have their hopes of a golden finish blow out violently, like a speed skater who’s shoved into the boards, trying to squeeze out Apollo Ohno on the last turn before the finish line! Grab a pen and paper and take some notes my friend. This stuff is not for the faint-hearted but it doesn’t take 4 years of torturous training either-just a tiny little bit if focus. You can manage that can’t you? 
…Every day my office receives offers from these “would be” investors. Seems like everyone has taken some class, “learned from a friend”, or just plain walks blindly into the “investor” game. Now not to be critical of REAL investors here. We do business with PLENTY of super smart guys who make a very good living at this. But how do they do it? Well, it begins with the basics of knowing HOW to structure a deal that just makes sense. Contrary to what the “wanna be” guys seem to think, a great deal involves a heck of a lot more than looking at a few comps and speculating on a flip price. Bluntly, It is not the HOUSE that matters. It’s the PLAN. Smart investors, the guys who actually make a career out of this (and no, I’m not talking about some of these TV goofballs who make me cringe as they buy termite infested, water logged, structurally defunct houses and end up rebuilding from the foundation up-HACKS!), break the numbers down to the last penny, including the financing factors. First, they have to consider “where” they are going to get the non-occupant financing and more importantly “how” they are going to convince the hard money guy to fork over a chunk of change to finance the project.
How to KEEP Getting REO Listings…What Asset Managers want to see.
Last Updated on Monday, 1 March 2010 12:57 Written by Mike Costigan Monday, 1 March 2010 12:55
Good afternoon Millionaire Agent Academy members. In keeping with our special REO training, designed to keep you two steps ahead of your competitors, the following is the latest BIG money making tip from my “REO Rockstars“. ENJOY…
Just a very quick post to remind everyone that you will NOT get away with slacking on utility connections. I realize that this may seem to be a post with a very obvious meaning but I have to tell you that this is probably one of the biggest hangups that AMs have to deal with. I would roughly guesstimate that at least HALF…yeah HALF of the bank owned REO properties that I visit DO NOT have utilities activated. I also know with absolute certainty that almost ALL Master Listing Agreements contain a special section regarding broker responsibilities, specifically, ACTIVATING UTILITIES. I was reminded of this sore subject by an email received from a client today, that listed all of their bank owned homes in the state of GA that DID not have utilities on. The list was MASSIVE. What really amazes me even more than the size of the list,
SPECIAL Bonus for Millionaire Subscribers!
Last Updated on Monday, 1 March 2010 11:31 Written by Mike Costigan Tuesday, 1 September 2009 03:10
How this Supposed “Un-Sellable” Real Estate Market Made Me RICH!
Millionaire members – I don’t think I have ever been so excited about revealing something in my entire career as a mentor! This one simple to implement system has literally made me more money than I have ever made in such a short period of time (and these are supposed to be the WORST of times!) And better yet, I am PERFECTLY positioned to completely DOMINATE my market as the retail side comes back, because of the momentum this system has created for me. It is so easy it’s almost scary. There’s no tearing down your current business to get it going either. You simply integrate a few of the Million Dollar Tricks and Under Wraps Tactics into what you are doing now and you are off and running. It’s like blinking an eye and waking up on a sunny white beach with silky white sand as far as you can see- your head cleared and TOTALLY free of worry…….aaahhhhh….a nice escape from the stressful times that most agents are dealing with every day.
Enough said….just watch the video and TAKE ACTION NOW! I am giving Millionaire Agent Academy Members like you a sneak preview of the system before I release it to other agents. I am rolling back the curtains today letting ALL Millionaire subscribers download UncensoredREOSecrets for only $3.97 and participate in REO Rockstars training calls for FREE.. DO NOT DELAY.
CLICK HERE for FREE INSTANT ACCESS TO REORockstars.com
Run a “fluid” business and thrive!
Last Updated on Saturday, 30 May 2009 07:45 Written by Mike Costigan Monday, 11 August 2008 07:22
Are you feeling the crunch of this market in your wallet? Well, most agents are and it’s a valuable lesson learned about how to look at your business so that it always makes money. I see my real estate business as a living, breathing money-maker that just likes to live on a diet of variety. Feed it the same old stuff every day and it runs to the corner and growls at you. Give it something new and tasty and it will run to greet you at the door! The point is that you can’t look at your business for what it is today but rather what it COULD be. Create constant momentum by implementing radical change without being afraid of the results. Positive change creates a very natural “ripple effect” that automatically boosts your results many times over without any extra effort. I am making extra tens of thousands of dollars each month with some radical “reversals” of how I give and sell my real estate services to clients. Watch this week’s free Millionaire Maker video tip to discover how you can profit BIG-even in this market.
NOW is THE time to take your credibility to great heights…
Last Updated on Saturday, 30 May 2009 07:48 Written by Mike Costigan Tuesday, 5 August 2008 11:30
A formula. A solution. A magic spell. These are the things that consumers are looking for in this market. If you can convince them that you are the “Answer Man” then you can make more money than ever – even in these “unprofitable” times. All you have to do is crank up your “mysticism” to a high volume right now. Speak loudly and proudly about your “Secret home selling strategy” or your “Magic home selling formula” and unique abilities that no other agent has. People buy the “magic” not the product and the marketers who spin the best tales are the ones who take the most money to the bank. Remember, selling real estate is nothing more than selling yourself. It really has very little at all to do with the kind of market we’re in. It’s really so easy. Just brag on yourself and add a dash of creativity and see what it cooks up! Watch the video and pick up a little tip about how to make your own personal story and your services irresistible to clients…
A Big Big BIG Listing Day!
Last Updated on Saturday, 30 May 2009 07:59 Written by Mike Costigan Tuesday, 12 February 2008 12:53
I love these little milestones in my business and I have them pretty much every day or so but I want to share a really cool one with you. It’s just more PROOF that the Cash on Demand System is the way to make real money and have true stability in real estate. When you do business like a professional it really is so easy. Watch the video and you’ll get it.
