You are about to learn and see how to get ALL THE FUNDING YOU NEED for ALL THE DEALS YOU WANT. and close as many deals as you like.

Transcription

1 You are about to learn and see how to get ALL THE FUNDING YOU NEED for ALL THE DEALS YOU WANT. and close as many deals as you like. 1

2 Regardless of your past credit, or your job status, or recent foreclosure or bankruptcy Regardless of what kind of deal it is (wholesale, rehab, rental and even commercial) with my Proven Certified Acquisitions Partner Freedom Funding System. AND SEE HOW YOU CAN DO IT IN THE NEXT 4 WEEKS OR LESS 2

3 #1 Problem you are having isn t that your not motivated, your not hungry, or lazy or don t know the right strategy or that your not smart enough. You already know that all of that is true. You are motivated, hungry and ready for a change. The #1 Problem your having is YOU DON T HAVE THE FUNDING YOU NEED. The #2 Problem your having is YOU DON T KNOW HOW TO FIND ALL THE BEST DEALS THAT YOU WANT. 3

4 And if you finally had ALL THE FUNDING YOU NEED FOR ALL THE DEALS YOU WANT you could finally start cashing regular consistent real estate checks and you could stop worrying about paying the bills this month, affording college for your kids, paying for retirement, having peace of mind and FINALLY having your financial problems solved forever. So if I can show you how TO GET ALL THE FUNDING YOU NEED AND ALL THE DEALS YOU WANT you could start padding your bank account and then you can start doing deals more and more often on a regular basis 4

5 HERE S WHAT THE FREEDOM FUNDING TRAINING AND DONE FOR YOU FREEDOM FUNDING IS GOING TO DO FOR YOU! Get All The Funding You Need For All The Deals You Want Get Free Unlimited Verifiable Proof Of Funds Letters How You Can Really Buy 2-4 Homes A Month Using None Of Your Own Down. Buy and Sell Discounted Real Estate Deals Like Short Sales, REO s, HUD Homes, and Probates Without Any Down Payments, Out of Pocket Fees or Closing Costs The 3 Core Problems Why Conventional Bank Financing Is Almost Obsolete. I ll Show You The Exact Blueprint Of How I ve Funded My Last 49 Flips With None Of My Own Cash Or Credit. Proof That All The Private Money You d Ever Need Will Come Directly From My Private Equity Fund And My Direct Private Money Companies. Get Unlimited Deal Or No Deal Coaching So You Can Make Offers With Confidence. Why Your Success Is Truly Our Success And What Our Ulterior Motive Really Is On Today s Call (If You Guessed Testimonials So We Can Sell More Informational Products You Guessed Wrong) 5

6 NO B.S. ZONE! QUOTE TAKEN DIRECTLY FROM GO TO WEBINAR I m already paid up but this stuff is so valuable I still feel like I owe Josh money! ~ Anthony Dew 6

7 So lets start with one of my latest and most recent BIG PROFIT DEALS we flipped with no money down. Now before I show you the details, let me tell you the end result of what happened. 7

8 CASE STUDY: 5309 LINDFORD AVE Purchase to Rehab and Sell REO / BANK OWNED Purchase Price $55,000 Repairs, Insurance, Marketing $43,000 Total Loan Amt $98,000 (closing costs rolled into loan) ARV / SOLD PRICE $165,000 LTV 59% Profit $51,385 0% Down One of Josh s Personal Deals 8

9 CASE STUDY #1: 5309 LINDFORD AVE., CANTON, OHIO Listed 8/15/14 Sold on 8/16/14 Selling HUD 1 9

10 c What Are The Biggest Challenges With Flipping Properties In Today s Market? 10

11 BUT NO ONE CAN DO THIS UNLESS THEY HAVE FUNDING BANKS ARE THE PROBLEM The Largest Institutions In The World Caused The Financial Melt Down Of 2007 When They Lent To Anyone Who Could Fog A Mirror Now They Won t Lend To Investors To Fix The Problem They Caused 11

12 CONVENTIONAL BANK LENDING FOR INVESTMENT PROPERTY Advantages: Inexpensive: Typical Interest rates between 5-6% Lengthy Closing Process Disadvantages: Conventional Bank Loans Get Declined Once The Lender Finds Out It s Either Investment Property Or That The Property Needs Repairs Banks require a 680 credit score for investment property Banks Have Maximum # Of Loans They Will Give Out Banks Only Lend On The Purchase Price and want 20-30% down Banks Force Investors To Pay For Repairs All By Your Self Out Of Your Own Pocket Banks Force Us To Max Out Our Own Credit Cards And Personal Loan Amounts To Pay For Rehabs So You Have To Boot Strap It 12

13 FHA 203K AND FNMA HOMEPATH RENOVATION LOANS FHA 203k if For Owner Occupied Only FNMA Homepath Renovation Loans Are For Owner Occupants Only Disadvantage: Not An Option 13

14 TRANSACTIONAL FUNDING Advantages: Relatively Inexpensive - 2 pts and $500 They Hand Out Proof of Fund Letters Like Candy at Halloween Disadvantages: Banks Won t Accept Proof Of Funds From A Transactional Funder. Banks Hate It When You Flip Their Properties for Fast Profits Transactional Funding Is For Dough For A Day Deals Only Must Buy And Sell In The Same Day Must Have A Cash Buyer Already Lined Up Only Small Wholesale Same Day Flips Not An Option For Big Flips, Rentals Or Commercial 14

15 TYPICAL WHOLESALE TRANSACTION... A THE SELLER B YOU C YOUR BUYER The Purchase (A-B) and the Sale (B-C) transactions take place on the same day. 15

16 Same Day Wholesale Flips Are Mostly Done With CASH Buyers Each Transaction Must Stand On It s Own Merit. It s Called The Good Funds Law. You ll Need Funding For Your A-B Purchase Before You Can Sell It B-C. Transactional Funding Works Great For Wholesaling But Doesn t Work For Anything Else That Takes Longer Than 1 Day. 16

17 HARD MONEY LENDERS Advantages: Easily finance rehab loans with a lot of repairs needed Disadvantages: Hard Money Lenders Are Credit Lenders Must Have A 680 Credit Score To Borrow From Hard Money Lenders Require 20% Down Require last 2 years tax returns Require last 2 mo. bank statements and paystubs Require Money Upfront for Closing Costs, Fees and Points Must Have Capital And Assets In The Bank To Put Down Cannot Be Private Money Pre-Payment Penalties if you do the deal too quickly 17

18 PRIVATE LENDERS Advantages: Private lenders are dying to find good investments with a High Yield? Corporate Bonds are paying a 3.25% yield CD s are paying a 1% yield Disadvantages: They are HIDING FROM YOU: Talk to Hundreds to Get One. Some Private Lenders ONLY want to lend to someone with experience *although I had no experience when I received my first private lender investment in 2004* Some Private Lenders only want to fund a % of the deal not the whole thing. Stock pay a 3% dividend Real Estate Pays 12-15% Yield in the form of interest on notes and mortgages. 18

19 TROUBLE MAKING OFFERS WITHOUT PROOF OF FUNDS Can't Make Offers When You Don't Have A Verifiable Proof of Funds Letter REO Properties and Bank Owned Inventory only want Buyer s with Verifiable Proof of Funds Realtors Don't Take You Seriously Because You Don't Have A Verifiable POF Letters Sellers Don't Take You Seriously When You Don't Have A Verifiable Proof Of Funds Letter 19

20 MOST OF ALL. You Are Afraid To Make Offers and You Are Scared To Market Directly To Sellers When You re Unsure Where To Get The Funding From. 20

21 THE BOTTOM LINE You Walk Away From A lot Of Great Wholesale, Rehab, Rental and Commercial Deals Because You Don't Have The Cash, Credit, Money Or Financing To Close You Have To Try To Wholesale Every Property You Get Under Contract When You Don't Have Longer Term Funding You Leave All The BIG Profits For The Other Guy And Even Worse You Don t Do The Deal At All. Someone Else Scoops Them Up And Makes All The Money 21

22 WHO IS FREEDOM FUNDING FOR? If you are sick of being turned down by realtors, sellers and banks and need a Verifiable Proof of Funds so they take you seriously.this is for you! If you are sick of finding great deals only to find out you need 20% down and need NO MONEY DOWN financing solutions. this is for you! If you need a experienced coach to review your deals prior to writing contracts and NEED MORE CONFIDENCE SUBMITTING OFFERS. this is for you! If you ve been DECLINED FOR A BANK LOAN. this is for you! If you ve MAXED OUT YOUR CREDIT CARDS and cannot get anymore traditional financing this is for you! If you ve gotten turned down by hard money lenders b/c you DON T HAVE A 680 CREDIT score. this is for you! If you tried transactional funding but never knew THEY ONLY FUNDED DEALS FOR ONE DAY. this is for you! If you want no money down rehab funding this is for you! 22

23 So lets continue with another one of our latest and most recent BIG PROFIT DEALS we funded with no money down. 23

24 QUESTION: So Josh How do I get the funding? 24

25 WHAT KINDS OF FUNDING DOES STRATEGIC FREEDOM FUNDING PROVIDE? Wholesaling = Transactional / Dough For a Day Rehabbing = 3-12 Month Funding Rental = 3 24 Month Funding + Lending Affiliate Network (30 yr rental funding) Small Commercial = Up to $5 Million for each unique commercial deal 25

26 MOST IMPORTANTLY: Strategic Freedom Funding is an asset based lender Strategic Freedom Funding doesn t require good credit Strategic Freedom Funding doesn t require down payments Strategic Freedom Funding rolls all closing costs, fees and rehab costs into the loan / partnership agreement Strategic Freedom Funding wants to partner with SREC certified acquisitions partners RIGHT NOW!..So that you can close with complete confidence and don t have to worry about your credit, down payments, fees or closing costs. 26

27 4 STEP FREEDOM FUNDING IN ACTION ON 6415 MILLER RD (FUNDED BY SFF) / ON 3935 MERRYMOUND DR (FUNDED BY SFF) / ON 538 HIGH ST (FUNDED BY SFF) Phase 1 Phase 2 Phase 3 Phase 4 Choose the Best Deals and submit them to the SFF Deal Genie website Deal or No Deal Coaching and Loan App Request Get Property Under Contract, Submit Loan Application and Minimal Paperwork Deal Approval and Closing in as little as 5 days 27

28 MY CURRENT SUCCESS IS THE PROOF THAT THIS FREEDOM FUNDING SYSTEM WORKS 1355 Idlewood Ave = $35,000 Profit (rehabbing) th St = $40,000 Profit (rehabbing) 211 Morrison Ave = $40,000 (rehabbing) 1473 Lakewood Ave = $60,000 Profit (rehabbing) 1546 Galaxy Drive = $40,000 Profit (rehabbing) 603 Broadway = $35,000 Profit (rehabbing) 5636 Fairland Ave = $35,000 Profit (listed) 6415 Miller Rd = $65,000 Profit (listed) 8674 Greenmeadow = $30,000 Profit (pending) 907 School Dr = $40,000 Profit (pending) 100 US Grant St = $400,000 Equity (Commercial) 2179 Pamer Ave = $25,000 Profit (sold) 770 Dunbar Rd = $25,000 Profit (sold) 145 Huffman Rd = $30,000 Profit (sold) 5309 Lindford Ave = $53,000 Profit (sold) 2713 Massillon Rd = $34,000 Profit (sold) 951 Wall Drive = $26,000 Profit (sold) 38 Edgewood Drive = $18,000 Profit (sold) 2312 Iota = $42,000 Profit (sold) 3954 Homestead = $36,000 Profit (sold) 1297 Steve Drive = $38,000 Profit (sold) 4034 Manchester = $27,000 Profit (sold) 1355 Keystone Dr = $40,000 Equity (rented) 242 Sandstone Ridge = $45,000 Equity (rented) Total Net Profits = $1,259,000 Since Jan 2014 In Past 12 months With Freedom Funding 28

29 CASE STUDY: 8038 BROADMOOR Purchase to Rehab and Sell Channing Hobson MLS / Bank Owned Purchase Price $32,000 Repairs, Ins, Utilities, Mrktg $19,000 Total Loan Amt $53,000 (closing costs rolled into loan) ARV $90,000 LTV 58% Money Down 0% Down 29

30 CASE STUDY: MLS SALE Small Commercial Purchase to Rehab and Rent 538 High St. Purchase Price $41,500 Repairs, Ins, Utilities, Mrktg $19,000 Total Loan Amt $46,000 (closing costs rolled into loan) *Rehab paid for by Borrower ARV $130,000 LTV 35% Money Down 0% Down Single Fam + Commercial Building + Lot 30

31 MEET CHANNING + + = 31

32 TESTIMONIAL Strategic Freedom Funding funded my first 2 deals with no money down. One residential and one commercial. ~ Channing Hobson ACTUAL LETTER from Freedom Funding Acquisitions Partner 32

33 4 STEP FREEDOM FUNDING IN ACTION Phase 1 Phase 2 Phase 3 Phase 4 Choose the Best Deals and submit them to the SFF Deal Genie website Deal or No Deal Coaching and Loan App Request Get Property Under Contract and Submit Loan Application and Supporting Paperwork Deal Approval and Closing in as little as 5 days 33

34 PHASE 1: DEAL GENIE Locate a property that looks good and Submit a Deal Genie to us. 34

35 PHASE 1: SEND US A DEAL GENIE Name Address Purchase Price Repairs (if any) After Repaired Value 35

36 WHERE TO FIND GREAT DEALS? On Market REO s, HUD Homes, FNMA, FDMC, Auction.com Off Market Buy a List HIGH EQUITY: Probates, Out Of Town Landlords, Free and Clears DISTRESSED: Short Sales, Pre-foreclosures, Divorce, BK, Direct Mail Phone Follow Up Property Preview and Offer 36

37 CASE STUDY: 3935 MERRYMOUND Purchase to Rehab and Sell Sherriff s Sale Purchase Price $24,000 Repairs, Ins, Utilities, Mrktg $14,000 Total Loan Amt $41,300 (closing costs rolled into loan) ARV $90,000 LTV 46% 10% Down from Borrower Partner (Sheriff required 10% down) 37

38 CASE STUDY: Shaw Purchase to Rehab and Sell Multi Unit Building Purchase Price $140,000 Repairs, Ins, Utilities, Mrktg $101,000 Total Loan Amt $260,000 ARV $380,000 LTV 63% 38

39 CASE STUDY: 4412 Shamrock Purchase to Rehab and Sell Purchase Price $55,000 Repairs, Ins, Utilities, Mrktg $10,000 Total Loan Amt $83,600 ARV $115,000 LTV 56% 39

40 CASE STUDY: 2035 Clarence Purchase to Rehab and Sell Purchase Price $65,000 Repairs, Ins, Utilities, Mrktg $42,000 Total Loan Amt $41,300 ARV $170,000 LTV 62.9% 40

41 PHASE 2: LOAN APP REQUEST We Personally Coach You If it s a DEAL we coach you to go get it under contract If it s a No Deal we coach you to pass on it and go find another deal. 41

42 PHASE 2: LOAN APP REQUEST We Use Proprietary Tools and Software, Statistical Analysis, Resources And Data. We Personally Coach You We Tell You If It s A Deal Or No Deal 42

43 PHASE 3: P.O.F AND LOAN APP Use S.F.F. Verifiable Proof of Funds Letter and make offers with confidence. Get the property under contract and send us the deal and a loan / partnering application. 43

44 PHASE 3: PROOF OF FUNDS & LOAN APPLICATION 44

45 PHASE 4: DUE DILIGENCE AND CLOSING YES! YOUR LOAN IS APPROVED BASED ON THE ASSET 45

46 PHASE 4: LOAN APPROVAL SFF APPROVAL TEAM uses specialized tools and simple research to approve your deal Executed P&S Agreement Contractor Estimates Comps Software Title Search and Report Pictures and Video Neighborhood Crime Reports 3 rd Party Appraisal Background Check 46

47 DISCLAIMER Strategic Freedom Funding, LLC, a Ohio limited liability company, is an independent entity and not owned by Freedom Funding. Membership in Freedom Funding does not guaranty approval and/or funding by Strategic Freedom Funding Membership in Freedom Funding is not a requirement for funding by SFF; however, SFF requires relevant experience and/or education as an approval condition. The principals of Freedom Funding have an ownership interest in SFF; however, the two companies are mutually exclusive. Strategic Freedom Funding does not receive any funds from the membership fees paid to Freedom Funding SFF does not provide coaching and/or advice with respect to the structuring and negotiation of foreclosure / distressed transactions, nor does SFF provide legal or financial advice All terms and conditions described herein are subject to change without notice at the discretion of Strategic Freedom Funding, LLC 47

48 SFF RATE SHEET AND TERMS SFF will fund up to 100% of the acquisition and rehab cost¹ Put down as much or AS LITTLE as you wish.even ZERO! You Are The Owner We Are The Bank Property is titled in Investor s Company Name with a Corporate and Personal Guarantee! SFF requires a mortgage / trust deed in 1 st position Standard Rate Sheet = 6 pts (rolled into loan) and 16% (interest-only payments) Rehab (if needed) is rolled into loan and released on a draw. Closing costs, points and fees are rolled into the loan..no Money Down! ¹Client is responsible for insurance and appraisal costs ²SFF takes a first trust deed ³Except for bad boy carve-outs, including fraud and misrepresentation 48

49 SFF RATE SHEET AND TERMS Down Payments & Profit Splits 0% Down = 70/30 Split 10% Down = 80/20 Split 20% Down = 90/10 Split ¹Client is responsible for insurance and appraisal costs ²SFF takes a first trust deed ³Except for bad boy carve-outs, including fraud and misrepresentation 49

50 PHASE 5: SERVICING SFF follows along with you on your deal while you reposition it. We answer questions along with way. We support and track your progress. Get in a bind? We re your partner. We re here to help. We want you to succeed and we want to protect our investment. 50

51 PHASE 6: PAYOFF You ve launched and sold the house ~OR~ you decided to keep it and refinanced it, (using our affiliate network). Our investment is paid back at closing with interest. Partnership is complete. Let s go do another one. 51

52 PHASE 7: * IF NEEDED: AFFILIATE LENDER REFERRAL Our Nationwide network of affiliate lenders may fund a deal when we can t. Example: We don t fund deals in Hawaii or Alaska. So we ll refer you when appropriate and make every effort to get you funded thru our network. 52

53 PHASE 8: NOT A DEAL If a deal is submitted to Strategic Freedom Funding and it s determined to be NOT A DEAL, it s simply moved to Phase 8: Terminated. The good news is that if we tell you it s not a deal then we just saved you a lot of time, energy and money when you may have tried to do a deal where there wasn t one and LOST MONEY. Trust us. After completing nearly 2500 deals over the past 10 years we know when we smell a bad deal. So just move on to the next one. 53

54 STANDARD LENDING GUIDELINES PROHIBIT SFF From Making Loans Under These Conditions*: Recent Felony Conviction Ongoing Felony Prosecution Ongoing Divorce Proceedings Ongoing Bankruptcy Proceedings Not Currently Lending in Hawaii / Alaska Foreign Nationals / Non-US Citizens *subject to change 54

55 FREEDOM FUNDING DEAL FLOW 1) Investor submits Deal Genie worksheet 6) YOU reposition property & create appreciation 7) YOU launch & sell the property to your buyer 2) Property under contract! 5) SFF coordinates with Title Company and Closes $$$$ Big Profits Disbursed To YOU (& SFF) 3) Send loan app and paperwork to SFF 4) SFF Underwrites & Approves 55

56 ASSET BASED LENDING Deal Does The Talking For You Your Credit And Personal Financial Position Are Secondary to The Asset If The Deal Makes Sense Then We Want To Fund It Allows Investors To Get In LITE Little Or No Money Down Buy More Properties B/C You Have Little or No Money Committed To Any One Single Deal Close Profitable Deals With Us AND.. Build Up Your Credibility With Your Own Private Lenders 56

57 DONE FOR YOU FREEDOM FUNDING Transactional Funding For Same Day Flipping Purchase To Rehab And Sell Purchase To Rehab And Rent (2 12 Mo) Refinance (Cash Out) To Rehab And Sell Refinance (Cash Out) To Rehab And Rent (2 12 Mo) Business To Business Loans Only Long Term Rental (12 Mo + Thru Affiliate Network) Small Commercial (Under $5M) No Pre-payment Penalties No Seasoning Requirements Cross Or Supplemental Collateral Allowed 57

58 CASE STUDY: 2713 MASSILLON RD Sold on 7/25/14 Property Type REO Purchase Price $57,250 Improvements $30,000 Private Money $90,000 SOLD $134,900 Profit $34,410 I would have to do 6 wholesale $4,000 each to make this kind of money **All Case Studies Closed And Profit Made In Past 24 Months 58

59 CASE STUDY 2713 Massillon Rd Sold on 7/25/14 59

60 Student Accomplishments!! 60

61 CASE STUDY: 5973 TURNEY RD Jack Petrick Rehab and Rent Purchase Price $22,000 Repairs $8,000 Total Loan Amt $29,700 (closing costs rolled into loan) ARV $50,000 (Rental Community) LTARV 60% 0% Down from Borrower Partner Single Family Rental Section 8 is $950 per month Purchase with Cash, Refi, Rehab And Rent And Refi 61

62 Testimonial Strategic Freedom Funding funded my last rental refinance. I needed to get cash out fast for repairs and to re-stock my savings account. Thanks for a Quick Closing. FF Certified Acquisitions Partner ~ Jack Petrick ACTUAL LETTER from Freedom Funding Acquisitions Partner 62