Morning Money Show

Home ownership is at a 25 year low. This means that there's a tremendous opportunity for Instant Equity Investors. The trend is here to stay. Over 9 million people lost their homes during the Crash and only 2 million of them have re-entered the market. This means that there's near insatiable demand for high quality rental housing. Combine this with the fact that there are still millions of foreclosures in the shadow inventory waiting to hit the market, so what are you waiting for? 

Mike talks about his system and how it works. It's not about getting rich quick. You will not get rich quick here. It takes work and it's not for everybody. Mike can give you the knowledge, but he can't do it for you. You must first make a decision to commit to the system. Then you've got to put the hours into learning the system.  And then you've got to go out and do it. Then you're going to make some mistakes. And then if you've learned the lessons and applied them correctly you'll make money. Perhaps slowly at first, but then things will start to come together for you and over time your success will amaze even you. So it's hardly a get rich quick program, do kid yourself into thinking it is. 

Mike Gazzola, master real estate investor tells the story of how he bought a property for just $2000, put $8000 into it, and then proceeded to sell for a whopping $49,999, realizing a profit of $39,999, all in a very short period of time. How did he do it? The sellers had inherited a property in serious disrepair. The city was hounding them to cure numerous code violations and the the involuntary owners couldn't wait to dump it as quickly as possible. Upon seeing Mikes ad in a local newspaper, they quickly realized that he was their best out, even at $2000 and sold it to him. It was all done in a matter of days, without lawyers, title companies or realtors. Then Mike sent in the renovation team and for a relatively small investment, he was able to cure the violations and make the property saleable. Mike shows you how to turn other people's problems into your opportunity to profit.

Mike Gazzola has funded his retirement tax free, using a self-directed IRA. This approach may not be for everyone and he highly recommends that you consult your accountant, attorney and investment advisor. However, if you determine that it is for you, amazing returns are possible using this device that is available under the Tax Code. Simply stated, you roll over your traditional IRA or old 401k-without penalty into a self-directed IRA. Then when you're ready to buy a piece of property for your retirement account, you notify the custodian of your new IRA. The custodian writes a check to the owner of the property and presto-your IRA now owns the property. When you go to sell the property, the process is the reverse, the buyer now makes payment directly to your IRA custodian and all profits go back into your IRA. If you're receiving monthly rental payments, they also go right back into your IRA allowing you to make even more investments. This strategy might not be for everyone and there are pitfalls that you must become aware of, but if you decide it's for you, the rewards can be enormous. 

Mike has done something amazing. He's put all his work up on a new website. You can get a free trial today and watch almost everything, absolutely free. It's all been updated and reflects changes in new and existing markets. There's so much information here that it could take you days to get through it. But it's all there for you!

When it comes to buying real estate at auction, discipline is the key. Keep your emotions under control. Always look at it as a business. Don't get attached to a property. Another opportunity will always come along, that's guaranteed. It's much more important to have a plan and stick to it. When you're working from a plan, you'll feel much more in control and less likely to make stupid mistakes. In addition, when you lose a close auction, you'll be able to shake it off and go on to the next one. You must always remember the tried and true cliche that in real estate the profit is made when you buy the property, not when you sell it.