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Hello everyone! This is an exciting time of year. Yes, I’m excited about Christmas coming, and yes, I’m really looking forward to spending some much-deserved time with my wife and kids.

I’m also VERY excited about 2009, and the real estate investing opportunities knocking on our doors.

I recently taught a Webinar where I shared the “Top 5 Income Producing Strategies for NOW and 2009″ with MWI investors. Due to national financing difficulties, low prices, increasing rents, and government financing, there are HUGE avenues for savvy investors to make a lot of money in 2009. That’s where my “Top 5 Strategies” come in. They are simple strategies that you can start using right away.

If you missed one of my recent Webinars on this subject, you’re not too late yet. I am replaying the Webinar one more time. The replay will be on Monday, December 22nd, at 6:00pm MT. You can register here.

I have also received a lot of questions about these “Top 5″ strategies. So, I have scheduled a LIVE Webinar dedicated to Q&A on these strategies. This “Q&A” Webinar will take place on Tuesday, December 23rd, at 10:00am MT. You can register here.

I will be taking live questions on the new “Top 5 Income Producing Strategies for 2009”. I will also be answering any other investing questions you have. My “whiteboard” will be ready to go, and I’ll be sharing new notes and answers with the audience.

These techniques are groundbreaking. My time is extremely valuable and my free moments don’t happen very often. This is a rare opportunity to ask me your questions.

Make SURE to register and arrive on time. I will be taking the questions on a first-come first-served basis. If you haven’t seen the original “Top 5″ Webinar yet, make sure to watch the replay on Monday!

I look forward to answering your questions on Tuesday!

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Last Monday, one of my co-investors asked me how the multi-billion dollar economic bailout would affect Seller Financing and other similar financing techniques.

I think we are still a ways away from seeing much effect from the bailout on regular mortgages and loans. Even with relief, banks will still  be bloated with foreclosed properties they are desperately trying to unload.

So, how do you find a great deal on an REO or bank-owned property? Here are a few tips:

1. Focus on small credit unions and banks. You can often find the REO portfolios for these local banks on their websites.

2. Look for the income-producing properties in the REO porfolio first.

3. As I’ve said before, banks WILL seller finance to you. However, DO NOT just walk in and “ask for Seller Financing”.

4. Instead, visit your bank’s REO representative, and tell them, “We are willing to purchase any of your REO / Loss Mitigation / Bad Debt portfolio list that:
- Meet our criteria, OR
- You (the bank) are willing to finance

Those are just a few tips. You can find more on any one of my recent Training Calls and Webinars.

I’ve also just introduced a new tool called “THE List” that is helping many of my students uncover amazing new Seller Financing opportunities. I’ve called this tool, “The Most Profitable Tool In Today’s Real Estate Market!”. If you’re serious about finding and profiting on real estate deals right now, this tool should be one of the big guns in your “Non-Compete” arsenal.

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I want to be honest with you. I often hear about investors that find a great deal and start evaluating it. They approach the deal with incredible energy and excitement. Nothing can stop them!

Then, sometimes they hit a roadblock. An obstacle.

Sometimes I see investors that let a single obstacle derail their deal, and they give up. I hate to see it, but it happens.

Now, I ALSO see many investors and my students who plow right through obstacles, and are very successful. These wealthy investors think creatively, and find alternative solutions to problems they face. For example, I have a group of students in Seattle who recently hit an obstacle on a deal, and instead of giving up, they used their education, and found a new solution that will net them even more profits.

This group of MWI students is known as Infinite Partners, LLC, and they recently showed us how you to create big profits by thinking through problems on a “stalled” project. The partners are Laura and Supin Ko, Tim Andrews, and Keith Zeiler.

When they found the property, it had been on the market for over 1,100 days. They uncovered this hidden gem using simple MLS search techniques that expose properties that aren’t living up to their full potential.

After their original plan for the property hit a wall, they didn’t give up like most investors would have. Tim Andrews said, “Originally, we intended to build 33 apartments and condos over 5,000 square feet of commercial and retail space. Once we were through the city’s free review, we discovered that the property had issues that prevented us from putting a building over it. We were hopeful that we would get around this, but it was not possible. We went back to the drawing board and looked at the permitted uses for the zone and found an even better use that would produce great results within the limitations of the lot (3 story office building targeted at the medical and dental fields, an under-served need in the community). Mike teaches us to think through our problems and when we did this, we hit a home run!”

By using their skills just a little differently than other investors, the forward thinking team of Infinite Partners, LLC stands to make a huge profit. Their short-term (if they sell the building) potential would produce a profit of about $400,000. Their long-term profit would be about $800,000 and cash flow.

Tim Andrews said, “Although we were nervous, we trusted in the system to help us through the process. Since then, we have attended five more of Mike’s Degree Camps and have gained a huge amount of knowledge about the process of developing land and investing in properties with Higher and Better Uses. This same education is available to all investors who have the desire to get it.

Tim had some simple advice for other investors. “Being committed to the system and thinking through challenges as Mike teaches us has opened the doors to our future as fantastically profitable investors!”

I am so excited and proud of our students when I hear stories like this! I think the lesson we can learn today is to always, always, ALWAYS be creative when we hit a roadblock. Never let a naysayer or an obstacle slow you down!

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