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Greetings Blogosphere!
I’m pleased to announce that my Flip This REO! eBook is finally available for purchase!
Drum roll please……
If you’re a beginning wholesaler and want to learn the nuts and bolts of the REO wholesaling process- this book was written specifically for you! I put a lot of time and care into this eBook to make sure that I provided a ton of value for an affordable cost (the book costs a meager $47).
Flip This REO! explains the entire REO wholesaling process, step by step, in a way that allows any newbie wholesaler to learn the ropes and get moving…
To grab your copy of Flip This REO! or if you’d like to learn more about it, mosey on over to the product description page…. where you can also read what others are saying about Flip This REO!
I’m heading to Naples (FL, not Italy) this weekend for some R&R, but will be back on Monday and posting regularly again. I’ve got something really cool planned for the month of October that I think you all are going to love, so make sure to check back here for details…
Later Alligators!
P.S.
If you haven’t done so already, check out the video guest post I did for my friend Patrick Riddle (or P-Rid, as I refer to him) for his 7 part “How to Become a CIA” creative real estate investing series.
P.P.S.
A humongous thanks to my girl Shae Bynes for all of her help and input with the eBook. You totally rock. Naples is going to be awesome..
P.P.P.S.
Go buy my eBook! 
On September 23, 2009 at 1:43pm, Shae said...
Steph, congratulations on your ebook! It’s highly anticipated and I know that there will be so many investors who will come back here with their REO wholesaling success stories as a result of this awesome step by step book you’ve put together. Now…let’s call Oprah! LOL!
.-= Shae´s last blog ..Monkey offers and other seller calls =-.
On September 23, 2009 at 2:09pm, Stephani said...
Thanks, Shae.
On September 23, 2009 at 2:36pm, AnotherSteph said...
Can’t wait to buy and read your eBook. Hope it’s a huge success! Please let us know when you offer affiliates a chance to promote it!
AnotherSteph
.-= AnotherSteph´s last blog ..How to Quit Claim Deed an REO Wholesale Deal =-.
On September 23, 2009 at 4:59pm, Stephani said...
Thanks Steph, I’ll have affiliate info up under the “Make Money” tab shortly..
On September 23, 2009 at 3:54pm, Build Bankroll said...
That’s awesome Steph. Congrats on all the hard work.
.-= Build Bankroll´s last blog ..Title Insurance Binder – What is it? =-.
On September 23, 2009 at 4:05pm, ARodOfIron said...
Wa-HOOO!!! Congrats on finally getting it done, sista!!
I wish you all the best and nothing less!!!
On September 23, 2009 at 4:56pm, Erby said...
Hey Steph. Congrats on you getting your ebook out there! I have been following you since you started your blog and you truly deserve all the success that you receive. I support you 100% and I just purchased your book to show the support.
P.S. Would you like to be referred to as Guru Steph now? LOL!!!!!!!!!
.-= Erby´s last blog ..3/1 in Historic Springfield! Jacksonville,FL =-.
On September 23, 2009 at 5:01pm, Stephani said...
Thanks Guys.
Erby- I don’t think there’s enough room left in Tampa for another REI guru. Hehe
On September 23, 2009 at 7:17pm, Tim (ME) said...
Congratulations Steph! Not only a big time investor, now a best selling author. As Tony Montana once read on the side of a blimp “The World is Yours”
.-= Tim (ME)´s last blog ..764 Lathrop Street =-.
On September 23, 2009 at 8:26pm, Stephani said...
Thanks Tim! I appreciate it..:)
On September 23, 2009 at 8:12pm, Jamie said...
Hey Steph,
I got your ebook it’s awesome!!!
When you do a double closing using transactional funding how and when do you tell the third party that you are doing this? Have you ever run into any problems with the end buyer not liking that idea? Also, when we close the deal the lawyer said that when the deed is recorded it has to be recorded in b’s name before c’s? Does that sound right?
On September 23, 2009 at 8:18pm, Stephani said...
Hi Jamie-
Thanks for buying the book- glad you are liking it!
When you say 3rd party, do you mean the end buyer?
If so, it shouldn’t matter to them where the money is coming from- as far as they know it’s your own cash..
And yes, the deed for the first transaction will be recorded before the second. When I close my deals via simul close, my title company has to hang on to the deed and wait until the bank’s title co records theirs.
Make sense?
Steph
On September 23, 2009 at 9:03pm, Joshua Dorkin @ BiggerPockets said...
Congrats Steph! I wish you tons of success with the ebook! I know that you’ve been working your backside off on it, and I’m sure it is fantastic . . . your posts here and on our blog at BiggerPockets certainly are. All my best!
.-= Joshua Dorkin @ BiggerPockets´s last blog ..The Dramatic Increase In Mortgage Fraud: SubPrime Crisis Brings Out The Worst In People; Would The Death Penalty Stop It? =-.
On September 23, 2009 at 9:06pm, Stephani said...
Thanks for stopping by Josh, I appreciate it…
Working on my Bigger Pockets article right now, as a matter of fact.
On September 23, 2009 at 9:17pm, Michael Solis said...
oooohhhhh. I want to be an affiliate to help move those e-books
On September 24, 2009 at 5:22am, Mom said...
Congratulations daughter! I’m so proud of you. I know how much work you put into this ebook and it shows (and I’m not even in the business!) Now it’s on to your next project. LOL!! XOOXOXO
P.S. A million thanks to Shae for all her help and patience. I hope to meet you in April when I come to visit Steph.
On September 24, 2009 at 5:34am, Shae said...
Hi Mama Davis!
My absolute pleasure to help out a friend! I certainly hope to meet you in the future as well – take care!
.-= Shae´s last blog ..All you need to know about wholesaling REOs =-.
On September 24, 2009 at 6:17am, Daniel Ray said...
GREAT JOB Steph…. This is Awsome!!! Learn how to make Millions with only a 47 bucks investment!!! You can’t find that anywhere!!!! Dats giving VALUE!!!
Congrats Steph
.-= Daniel Ray´s last blog ..WOW MONEY Making Deal!!!! =-.
On September 24, 2009 at 6:25am, ToyaVG said...
Congrats Steph! Promoting your e-book via twitter, facebook, etc. Can’t wait to sell it!
Toya
On September 24, 2009 at 6:37am, Vannie said...
Congratulations Steph!!!! Heard about your ebook through Oprah.
)) All kidding aside, thanks for all that you do to help the investor community!!! Cant wait to get into the book.
On September 24, 2009 at 8:04am, Carey_PA said...
Hey Girl!
Congrats on the ebook! I’m sure you’ll sell tons! Definitely get that affiliate stuff up and I’ll post it on my site as well.
To your success!
Carey
On September 24, 2009 at 3:33pm, Jamie said...
Hi Steph,
When you call “For rent” signs, do you simply just say your name and that your an investor and you were wondering if they are looking to purchase anymore properties in the area? or do you try to strike up a conversation and then ask if they are looking to purchase in the area? I finally got up enough guts to look on the MLS in the past month of cash buyers in my target areas and go to each house and walk in and talk to whom ever was in there and leave a business card…it was hard the first time, but then it got easier.
On September 24, 2009 at 4:48pm, Stephani said...
Hi Jamie,
That’s awesome that you are out there taking action. Nice job.
When I call the for rent signs, I tell them I am a wholesaler and have been getting some great deals in the neighborhood, and was wondering if they were looking for any more rentals in the area. I don’t really have a set script, I just kind of go with the flow of the conversation..
Cold calling isn’t the funnest thing in the world to do, but it makes me money, so I continue to do it.
Steph
On September 27, 2009 at 3:41pm, Alex Perpetual Investments, LLC said...
Just bought the eBook! Lookin to apply the principles asap! Just found a home in pre-foreclosure. I was wondering if you could give me a hand. You can e-mail at brokie23@hotmail.com for my contact info, I know your busy but I need a mentor. I’m from sunny Florida as well but livin in the but crack of the USA, Oklahoma is where I lay my head down to sleep now-a-days.
On September 27, 2009 at 3:50pm, Shae said...
LOL! Alex, that’s messed up…”the butt crack of the USA”….LOL! Anyway, glad to hear you have the book (its great, isn’t it?). Happy wholesaling!
.-= Shae´s last blog ..All you need to know about wholesaling REOs =-.
On September 27, 2009 at 4:27pm, Stephani said...
Hi Alex,
Glad to see you are ready to take action!
I don’t have any experience with pre-foreclosures/short sales- just REOs. Bigger Pockets has a great short sale forum- you can post any of your qs over there and get input from experienced short salers. Here’s the link:
http://www.biggerpockets.com/forums/103-short-sales
Take care and thanks for stopping by,
Steph
On October 02, 2009 at 10:52am, Jeff Logue said...
I think you’re on to something big here, and it should provide plenty of new wholesalers with quality information for only $47! You are very gracious. From my own hometown experience, a lot of investors are not taking advantage of this particular niche. This is the perfect time to release this invaluable information. Congratulations to you. Your hard work will certainly pay off.
On October 06, 2009 at 1:06pm, Alyse said...
Hi Steph, got your e-book, great job! I’ve basically dog-eared every page for reference
Couple of questions. I’m a licensed realtor with a large agency. You say you generally give both sides of the commission to the REO listing agent. Sounds good, but I will obviously have to give my broker a percentage, plus the MLS fee.
What’s the basic difference between the wholesale fee and the commission? Would there be a conflict of interest with my agency for any reason?
Do you have sample contracts available online?
Thanks!
On October 06, 2009 at 1:30pm, Stephani said...
Hi Alyse,
Glad you liked the book!
The wholesale fee will depend on the deal, but usually ranges from 2-10k.
I’m not licensed, so I’m not sure how it will work with your broker- I would run it by him/her and see how they want to handle it. I don’t see why there would be a conflict of interest- you are just purchasing a property and then re-selling it.. The majority of the REO wholesalers in my area are licensed, and they have no problems.
As far as the contract goes- the bank will have a specific contract you need to use to submit offers (in FL it’s the FAR As-Is). I use the same one to sell, but add the clauses that I mentioned in the book.
I always recommend having a local atty draw up your contracts for you just to be sure you have everything in them that you need to protect yourself.
Steph
On October 11, 2009 at 8:52pm, Juanita said...
Hi Steph,
Congradulations on your success! I have been trying to do this wholesaling thing for about a year and get my first deal. I plan to purchase your ebook in about a week from now. I am interested to know how much do you know, how much to offer on an REO property?
Thank you!
Juanita
On October 12, 2009 at 7:30am, Stephani said...
You have to study your market and figure out what a good deal is. Once you do that, you will know how much to offer.
On October 14, 2009 at 2:11pm, lui said...
Hi Steph,
Just wanted to get your thoughts on a website a friend of mine suggested I try out called Reogolminer.net/intro . Too good to be true?
I’ve got your ebook and it’s great, thanks!
On October 14, 2009 at 7:43pm, Stephani said...
Hi Lui,
I don’t have any experience with that particular product, so I can’t give it a thumbs up or thumbs down.
Try Googling it- you should be able to dig up some info/reviews.
Good luck,
Steph