Jul 26 / James

Short Sales and Interest on Subject To Deals

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Friday’s episode of The James Orr Show contained the following:

  • First, James tells listeners that his computers are having some technical difficulties because he is integrating Dropbox in to his business.
  • Next, James reminds listeners to join the Private Money Mastermind Group, and talks a bit about what they discuss in the group. James also recommends joining before August 1st, which is when the price goes up from $10/month to $20/month.
  • He also recommends newer listeners to look at the new real estate entrepreneurs resources, which include many articles, videos, and free downloads.
  • James’ last reminder is for people who are interested in wholesaling or bird dogging. He reminds them that he is looking to buy houses and is willing to pay them for finding deals.
  • After all the reminders, James reveals the new Affirmation for the Day. James then discusses the affirmation and compares it to The Daily Checklist, which can be found in James’ book, Real Estate Investing Systems.
  • After the affirmation, James answers some questions on short sales, and ways to do short sales.
  • In addition to discussing short sales, James answers a couple questions about creative ways to buy houses.
  • After the questions, he discusses buying subject to. Specifically he goes over interest on subject to deals and how that affects buying price. To go over this in more depth James discusses an imaginary deal where this situation happens.
  • After James goes over the imaginary deals, he answers a few questions to wrap up the show.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-23 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Jul 26 / James

The Advantages of Buying Subject To

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In this episode of The James Orr Show, you will find the following:

  • First, James reminds listeners that you can find Wednesday’s show, which was about subject to and the due on sale clause, at the Learn To Be Rich website. He also reminds listeners that they can find up to the previous fifty episodes of the show available on iTunes as a podcast.
  • The next reminder is for newer listeners to check out the resources for new real estate entrepreneurs, which include dozens of articles, videos, and free downloads.
  • After the reminders, James reveals the new Affirmation for the Day. James also talks about a deal he had that related to the affirmation.
  • James then goes over a listeners deal, and talks about money that will be needed for repairs and other property maintenance costs. James also talks about how much money the listener will make on the deal. In addition, James discusses the ways he could sell the property.
  • Next, James explains why a lot of hard money lenders want deals that are around 70 cents on the dollar.
  • James also discusses the advantages of buying houses subject to. Some of the advantages he talks about are tax benefits and limited expenses.
  • After discussing the advantages of buying subject to, James goes over using a trust to buy properties subject to, and talks about a common misconception of being able to avoid the due on sale clause with a trust.
  • Near the end of the show, James answers some listener questions on subject to deals.
  • To close the show, James reminds listeners to join the Private Money Mastermind Group.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-22 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Jul 20 / James Orr

Setting Goals Using Graphs in Your Business

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On this Motivational Monday episode of The James Orr Show you will find:

  • To start the show, James has a few reminders. First, he reminds listeners that are listening to the show after the fact to attend the show live. He also recommends newer listeners to look into the new real estate entrepreneurs resources, which include many articles, videos, and free downloads about wholesaling.
  • After the reminders, James jumps in to the Affirmation for the Day with a short discussion about focusing on the things you want to improve on.
  • Shortly after the discussion on the affirmation, James talks a lot about mailing lists and postcards in response to a listener question. Specifically, he talks about matching the marketing message with the market being mailed too.
  • Then, James continues his discussion on the affirmation, and talks about setting goals using graphs to track progress. He suggests using graph paper or excel to make the graphs.
  • Next, James talks about what he learned at the seminar on Friday, and discusses the “subject to” method of buying houses. He specifically talked about what he learned at the seminar regarding subject to.
  • Near the end of the show James discusses several listener questions and comments about subject to.
  • To end the show, James reminds everyone to join the Private Money Mastermind Group before the price goes up in August.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-19 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.

Jun 8 / James Orr

Strategies For Acquiring or Controlling Properties Without New Bank Financing

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Yesterday on The James Orr Show for real estate entrepreneurs James covered the following topics:

  • New recording up for The James Orr Show recorded live on Thursday, June 3, 2010 on the post Marketing To Find Deals, Money Concerns About Lease Options and Subject To.
  • If you are a new listener or subscriber, these live calls supplement the free training and resources that we already provide to you. Video, articles and audio downloads and more to get your started can all be found on the Real Estate Investing Resources page.
  • Submit your questions, deal analysis, biggest challenge for me now via Twitter.
  • “Getting The Money Bootcamp” with Patrick, Trevor and Susan over the weekend was amazing. Learned about legally raising private money for your real estate business (actually any business). Learned about how to correctly go about finding private lenders and learned from an SEC attorney the laws and rules regarding marketing for finding money for your deals. Also, learned about doing syndications and group investing. Learned about using government funding from Sean Carpenter (and will probably have him on talk about that with you guys in a future call). If you want to get more information about our Private Money Mastermind group.
  • James takes another live question and discusses how and when to talk to sellers about your wholesale deal.
  • Daily Checklist (from Real Estate Investing Systems book)
  • Review the Goals Checklist and from my mentor, Richard Roop, James talked about an affirmation: “I consistently take action even when faced with fear and uncertainty”.
  • James discussed a new short video on site that he added last week called “No Money Down Strategies For Real Estate Entrepreneurs”. It is really misnamed… should have been “Strategies For Acquiring or Controlling Properties Without New Bank Financing”. We discussed each strategy: Wholesaling, Partner, Option, Subject To, Lease Option, Assume Seller’s Loan, Buy On Contract, Owner Financing
  • James then goes on to discuss some strategies for how to improve response rate in all your marketing.
  • Before wrapping up the call, James discusses the importance of driving by comparable sales.
  • Bob Diamond will be joining us on Wednesday night to talk about creative no money down and no credit required buying strategies starting at 7 PM MST.
  • Don’t forget to follow James on twitter.

This show is now available as a digital download: The James Orr Show – Episode 12 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.