|Posted by Dana Leigh on June 24, 2015 at 11:55 AM||comments (1)|
Ken and Dana were very helpful throughout this whole process. They established an immediate rapport upon introducing themselves to me after I have placed and inquiry on CI. My confidence in them continued to build every day since we've started.
They coached and followed up just like you expect the 'guru coaches' to do but it never happens. You're left to figure things out for yourself and hope that you get it right. Ken and Dana were true partners in this process.
My first deal was refinancing a rehab project, they were able lower the cost of capital for me by 25% and get better terms. I was able to get cash out of the rehab based on the increased values($30K when purchased, current as-is value $110K) from the work already done. That will allow me to complete the project and still realize a notable profit. There were a lot of twist and turns in getting to close but they were able to help me navigate through the obstacle course.
The second deal that we are currently finishing(we close on this Friday) had even more complexities but again Ken and Dana's expertise never failed. Not only will I lower my capital costs but I also will come of the deal with two properties free and clear worth about $40-60K. I am looking forward to many more deals and being to grow my business much faster and more effectively because of their influence.
Thanks Ken and Dana! Thanks CI for providing the platform to make the connection!
-Channing Hobson, Ohio REI
|Posted by Ken Sheppard on February 12, 2015 at 7:50 AM||comments (0)|
Originally Published on LinkedIn.com September 2015
Chances are that you were taught to save for your golden years in a 401k like I was. And, like happened to us, you may have seen your 401k get halved in 2007-2008. You may even be one of the diligent people who had a retirement account suddenly vanish due to company/government agency insolvency. If any of these are true for you, you were treating your retirement account like a nest egg, stacking dollar on top of dollar and hoping your nest egg became the golden egg of your happy retirement years.
It's not your fault. You did what you believed to be wise and prudent because that's what we were told was wise and prudent.
Meanwhile, some folks knew about self-directed retirement accounts. They taught their families and students to use them to create chickens instead of nest eggs.
Great News! There is ample opportunity for the individual investor, right now. This is hope for our golden years.
We can use Defined Contribution Plans to create our own financial security for retirement We, too, can use tax incentives to contribute to these plans. But we gotta take personal responsibility, educated ourselves and take the appropriate actions.
Did you know that folks who direct their own retirement accounts can invest in something other than the stock market?
I didn't either. Well, not really. I was vaguely aware of the possibility, but didn't have a clue what the reality of self-directed retirement might look like.
With a certain retirement accounts, one can Invest in assets like
Mortgages & Trust Deeds
Private Equity Funds
Privately Owned Companies
Gold & Silver
Life Insurance & Individual Annuities.
What if we'd invested in gold 15 years ago instead of letting the corporate plan administrator decide where to put our money and charge us for handling the decisions for us?
Can you imagine that?
The rewards for investing in our own knowledge are great. Of course, there are prohibited transactions and rules to know and follow. There are relationships with licensed and accredited folks we need to forge.
Fortunately for my family, we found the education and community we were missing. You can, too... because you read this article, it's even easier for you.
Private message me for more information.
Business Development Partner
|Posted by Ken Sheppard on February 12, 2015 at 7:45 AM||comments (0)|
Originally Published on LinkedIn.com January 3, 2015
Happy New Year, friends and colleagues! 2015 will be a banner year for our family. We will finally find our lakefront property. We've been looking for about four years now while living in one of our rentals and driving back and forth to SW Michigan from Lansing.
My 2015 Goal is to partner with at least 10 more business men and women to establish the funding machine for their real estate investment business. I am direct to lenders nationwide for funds up and down the capital stack. As a business development partner, I will strategically present my partner companies to my lenders, making sure that our deals get to the top of their stack by providing all of the documents in clear and concise manner formats, managing the file daily, communicating with real estate agents, title companies, escrow officers and lenders to assure smooth flow, and create the funding system my business partners have long desired..
My background is loan underwriting, real estate sales license (current, parked for referrals for 10+years) and loan origination with a boatload of IT/Computer skills for good measure.
To reach my goal of 10 partner companies, I will be carefully selecting alphas who are driven to grow their business this year. To be considered, please be responsive to text and email, have some real estate deals already done and email me with your name, location, contact information, short bio, your 2015 goals and the best time of day to speak with you.
Hint: my email contains my name and can be found on my profile.
Happy 2015! Let's get crackin'.
|Posted by Ken Sheppard on February 12, 2015 at 7:45 AM||comments (0)|
Originally Published October 13 2014 on LinkedIn.com
Over the past two weeks, my colleague Ken Sheppard and I have been speaking about the first level of real estate investing on our BlogTalkRadio Show, "Making Money in Real Estate When You Have No Money.". We spent that time talking about Wholesaling real estate, especially the aspects of assigning contracts, using our transaction funds, and making sure to find a buyer before closing a contract.
So, the four levels of real estate investing are:
Fix & Flip
Buy & Hold
Wholesaling real estate is a great place to start if you have no money. It is the least amount of risk in real estate investing and requires relatively little knowledge of real estate investing.. But, it takes a the most amount of work and energy.
Fixing & Flipping is the logical next step for someone who begins with little money or knowledge of rehabbing a property. It is a little riskier than wholesaling and requires a fair amount of work, knowledge and energy.
Buying & Holding requires a good deal of knowledge and skill to do correctly. It also requires some money. It comes with a reasonable amount of risk for the seasoned investor.
Being the Bank, or private lending, is the greatest amount of risk and should only be done by folks who understand real estate very well.
For you fix & flip rehabbers, I am direct to private lenders of all stripes. And, I am highly skilled at packaging all kinds of loans for a quick term sheet from them. Inbox me with the deal you have in process or in mind that needs funds. Also include a phone number and the best times to reach you.
For you buyers and landlords, I am direct to private lenders who can cash out some equity for the next deal or the last. Let me know what you need.
Private Lenders, I am packaging a dozen rehab loans for a buy and hold company with a strong background and great credit. We're looking to introduce them to long term relationships with great lenders who will value a piece of their 100 properties a year deal flow.
Over the next several weeks, Ken and I will discuss these levels of real estate investing. So, please listen in Live or download our podcasts from iTunes.
If you have had success in any of these ares of investing, let's talk. We are looking for verifiable success which we can spotlight on our show.
|Posted by Ken Sheppard on February 12, 2015 at 7:40 AM||comments (0)|
Nov 14, 2014 54
Ken and I are grateful and excited to announce that our show "Making Money in Real Estate When You Have No Money" has reached 10,000 listens. Thank you to our listeners.
Our show was the idea and loving response of my partner Ken Sheppard to hearing from a woman whose husband committed suicide after spending their savings on real estate gurus and was never able to get a deal done. This broke Ken's heart and prompted his desire to give information and assistance for free to as many people who could find us and listen. Ken invited me to co-host the show with him and handle technical support.
172 episodes later, we are beginning to see real traction in deal flow and look forward to having our first listener to close a deal with us as a guest. In fact, this is the milestone we set for ourselves way back when. We are not there yet. It never really occurred to us to anticipate 10,000 listens to our episodes.
You can find us on iTunes by searching the name of our show or "Ken Sheppard". Please share "making Money in Real Estate When You Have No Money" with everyone you know.
Please bring real estate deals, both commercial and residential.
Connect with us on LinkedIn. Ken Sheppard and Dana Leigh And, please join our website member community, Creative Flips
Take action daily toward your goals. Ask for assistance from folks who are doing what you are trying to do.
We're all in this together.
Crossroads Solutions, LLC
Creative Flips, Inc.
5200 White Oak Avenue # 13
Encino, CA 91316
Email [email protected]
|Posted by Ken Sheppard on December 3, 2013 at 5:20 PM||comments (7)|
10. Over 150,000 other real estate investors already have.
9. You can find investors righ around the corner from you.
8. You can search for available properties near you.
7. Ross Hamilton offers lots of ways for investors to learn and grow.
6. You can choose a FREE account.
5. You can choose a Premium account.
4. You can meet and partner with investors all over the US.
3. You can have your own buyer website.
2. You can have your own seller website.
& the Number One Reason to Join Connected Investors thru KenRERadio.com
You are more likely to take action & build your business when you associate with others who are taking action and building their businesses!
|Posted by Ken Sheppard on September 20, 2012 at 9:55 AM||comments (0)|
I wish to make you aware of the connecting points we offer to investors like yourself. First, we have a daily (weekdays) BlogTalkRadio show which airs sometime between 9 am and 11 am Pacific. You can listen to the archived episodes here http://www.blogtalkradio.com/creative-financing-and-real-estate and also find upcoming shows there when they are scheduled.
In addition, we offer a Mastermind phone call every Tuesday and Thursday where investors can come and share with one another the deals they are currently working to close, partner with one another, or ask for assistance resolving obstacles to the deal moving forward. There is a maximum of 20 people in every call. These calls cost $20 per call. If interested, you may log into your PayPal account and click Send to; then, send $20 for each call you would like to participate in to [email protected].
Find over 140,000 investors in real estate at www.kenreradio.com. It is available for free and a great connection point for active investors to network
|Posted by Ken Sheppard on April 2, 2011 at 5:45 PM||comments (5)|
My name is Ken Sheppard. I live in Los Angeles with my beautiful wife. Many years ago, I decided I wanted to learn about investing in real estate. When I started, I did not even know how a sign ended up on a house for sale!
Being an entrepreneurial type of person with a background in sales, I purchased my first real estate course. When it arrived, I was overwhelmed with the amount of available information. The books and tapes were numerous and had no no idea where to begin! So, I did what I always have. I started to study the course. Once I began, I listened to every tape and read every book over a weekend. Believe me when I tell you, I was very tired when I finished! However, I did learn a lot and was ready to get started.
Then I realized something. Where do I begin? There were so many options and I knew nothing and had no mentors!
I decided to start with something very easy. I called people with ads in the paper and offered them 70% of the asking price for all cash! However, what if someone said "yes" to my proposal. What would I do? I certainly did not have the money to buy a house!
Anyway, I began my quest for my first deal. I will tell you I was quite uncertain what to say, but, I made some calls anyway. What I did find is that each call became easier and I slowly became more comfortable with the process. I also met some very nice (and not so nice) people on this initial journey! You do meet all kinds in real estate, that is for sure!
After I made about 50 telephone calls, I began to wonder what it would be like to go out and see some properties. I had met an agent that wanted to show me some houses! I couldn't believe it! I was actually looking at houses and had no money!
The agent was very nice and taught me what to look for. I would never have met him had I not made those telephone calls! We did not find anything right away, but I kept in touch with him.
Because I did not have any money, I could not send out mailers because they were expensive! So, I started calling people in foreclosure and offered to help them with their homes. I will tell you that many of them were not very pleasant and probably afraid, as I did not sound like an investor (even to myself}!)
I kept making calls and eventually I met a lady that was willing to listen to me! I was not sure what to do next because I did not want to make any mistakes. So, I called up the agent I met (who I mentioned earlier) and he said just make an offer on the house. Wow! How could I do this when I had no money and did not want to cause any more problems for the lady in foreclosure? Anyway, I made her a very low offer and she accepted!
Now I really had a problem! What should I do next and where in the world was I going to find the money for the deal?
So, I read the books and took out the forms that made sense for the deal, filled them out and gave them to her. She looked at me and then at the forms and then at me. I wondered what is going to happen now?
So, she then reached for her pen and signed the offer! I was stunned and excited all at the same time! Here I was, with my first offer, with no money down and $30,000 in equity!
I thanked her for signing and she said she looked forward to hearing from me. Wow! Now what?
Well, this is what I did.
Since I had an and/or assigns clause in the deal, I had the right to give it to another investor. I also put in a statement than I could cancel the deal in five days (I think) without losing anything. I then looked in the local newspaper for people who buy property. I started calling them and boy, was I scared! Anyway, I found this investor who was very nice. I told him my story and he said he wanted to see the house.
Wow! So, I met him at the house and he walked around the property as well as went under the house and inside. I told the lady in the house he was my partner, which he agreed to let me do. When he was done , we said goodbye to her and went to a local coffee shop.
I had no idea what to expect next! He said he liked the house and would partner with me and put up all the money! I was not sure I heard him right, so I asked him to repeat his statement. He smiled and said it again. He know this was my very first deal!
Anyway, we bought the house and started to fix it up. I watched the documentation through title and escrow. What an amazing experience. I had my name on a house as one of the owners!
Once it was fixed up, we put it on the market. This was when I learned about problems! We had purchased a property with the wrong kind of zoning and it became a very big problem to get financing for a Buyer. I also learned that the investor had money, but not a lot of experience! He had only bought a few homes himself!
We finally realized we might lose money on the house because of the zoning. I was very unhappy and concerned the investor would blame me and maybe ask me for the loss back! What was I going to do then?
This is what happened next. I had continued on calling owners in foreclosure and had two other deals tied up. I also started calling the holders of the loans behind the ones in foreclosure and offering the loan holders next to nothing for their loans! Most of them scoffed at me and hung up on me. This happened many times!
During this time, one of the folks holding a lien behind the foreclosure lien had a $11,000 loan against the property. I offered him $1,000 for his loan! I thought he would hang up on me like a lot of others had done. Instead, he asked me to come over to his house to discuss the loan offer!
Unbelievable to me, he was actually willing to meet with me. So, I went to his very expensive house here in Los Angeles and sat down with him in his office! I was not sure what to expect next. He looked at me for a few minutes and then asked me if I knew what he did for a living. I said no and he proceeded to tell me he was an investor in loans against houses and had millions of dollars invested in these loans!
So, I asked him if he would accept my offer. He looked at me, smiled and said no, he did not want to accept my offer. Instead, he wanted to be my partner on deals and would make $500,000 available to me on the spot!
Oh, my goodness! I said I was flattered and we then went on to discuss the deals I had in progress. I asked him why he wanted to invest with me. His answer was "I want to be in business with you because if you would ask me what you have, I want to fund those others that agree with your offer". He and I then went and looked at the deals. He funded all of them. I believe we had four at the time. So, even though we ended up taking a Los on the first one, we made way more than the loss on others! The investor and I then went on to do many more deals before he moved away and retired.
This is the story of my first deal. I will write more articles. Please feel free to contact me at my below contacts.
Creative Flips, Inc.
22704 Ventura Blvd. #417
Woodland Hills, CA 91364
Email [email protected]
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