Guru Review: "Jim Cramer"

I like this guy. He really knows his stuff, and he is balls-out open and honest about what he does and promotes. You can get a free trialto his "club" so you can TRY it before you BUY it, unlike sooooo many other gurus, and if you join the fees are really reasonable (you can go monthly, annual offers best discounts). If you know nothing about stocks or are scared of the market, this is the guy who will hold your hand! As s member, he emails me BEFORE he makes a purchase so I can really follow and understand what he's doing. I give Mr. Cramer TWO THUMBS UP.

Don't worry, next time I promise to review someone whose name is NOT Jim......

My favorite places to list properties (Craigslist is SOOOOO spam-loaded nowadays)

OK, so "net exposure" is all the rage for agents and investors nowadays.... but where to list? Try googling "property classifieds" and you'll find about a gagillion options..... Through LOT'S of trial and error, I've narrowed down the choices to my favorite, most effective sites for searching and posting listings.

FREE sites I like: craigslist, locanto, and backpage (if you live in LA, the Recycler); but a lot of these sites are more and more over-run with spam! Use them at your own risk, and NEVER post your email address visibly! (You can do it.... but you'll be forever haunted with "free viagra" and "view my webcam" emails.....)

List new construction and pre-construction projects for $0-$199/year, no other commissions or fees; FREE business listings. CLICK HERE!

Find and/or list foreclosures, HUD’s, bankruptcies and FSBO’s. FREE trial membership. CLICK HERE!

Leading foreclosure/preforeclosure site, updated with thousands of new properties daily. GREAT for investors. FREE trial membership. CLICK HERE!

List condos on leading condo marketplace for as little as $10, or be “local expert” or “power seller” for your area. CLICK HERE!

List luxury properties and get international exposure for $299, no other commissions or fees. CLICK HERE!

Get moving boxes for your clients as a closing gift. CLICK HERE!

Attention gold-diggers......

Looking for love on-line? You can now choose to only search through higher caliber, wealthy people...... HERE wow. Too bad I didn't know about THAT before I married (just kidding, I looooove my spouse :)

Holiday FREEBIES

Top 10 FREE Trials
(We’ve negotiated some sweet free trials for you to check out, NO OBLIGATIONS. Use links below to access, mention “mundoluxe” if asked for a coupon code)
1) Foreclosure.com
Try it FREE here!


2) WebEx Online Meetings and Remote PC Access
Try it FREE here!


3) Constant Contact
Try it FREE here!



4) RealtyTrac
Try it FREE here!


5) ElephantDrive (online file backup and storage)
Try it FREE here!


6) All 3-in-1 Credit Report
Try it FREE here!


7) Zoomerang (Custom web-based survey software)
Try it FREE here! today!


8) Smilebox (Digital scrapbook and greeting cards)
Try it FREE here!


9) Central Desktop (Online workspace to share files, task lists and discussions)
Try it FREE here!


10) Questia Online Library
Try it FREE here!


BONUS- GoFreelance.com (OK, so this one’s not FREE, but at $2.95, it’s still a major bargain!)
Try it CHEAP here!

Guru Review: "JIM BANKS"

For a whopping $6,000 you can spend 3 days with this world class JERK and have your head filled with a bunch of fluff and nonsense. Sorry honey, I got 5 years of fluff and nonsense for MUCH less money with my world class JERK ex-boyfriend....... (Though Mr. Banks does remind me of that retarded puppet from Crank Yankers....... and my ex was more like Cheech).

Want to learn about probates for FREE? Go to the library, read some books, go to the courthouse and copy a few files, and jump in with both feet by marketing and calling prospective sellers. The same #1 rule of investing applies to probates: BUY LOW, SELL HIGH!

2009 Investor COMMANDMENTS

1. Check your credit report and get your finances in orderHERE


2. Join the 21st century and get a professional website! HERE
. If you need help desigining, email info@mundoluxe.com

3. Stay in contact with your clients and business associates, abiding by SPAM laws
HERE

4. Be tech-friendly and reach a larger audience by hosting meetings, webinars and conference calls online HERE


5. Protect yourself by incorporating HERE

Planning a Round Robin Sales Event

You don't have to be a real estate genius to know the market is simply FLOODED with homes that are for sale, which means if YOU are trying to sell YOUR house, you've got a lot of competition! Because of this, Round Robin Sales Events are all the rage with investors, Realtors and individual home owners because they help attract attention to your property.

You can spend a LOOOOOOOT of money learning to put on a round robin sales event, or you could learn to do it for free right here on the MundoLuxe Blog :)




Checklist:

• Stage house (see previous post on "SETTING THE STAGE")


• Pick a date for your event (give yourself enough time for the marketing to hit)


• Order 50 signs that say "BID ON THIS HOUSE" and your phone number
  (bright yellow signs with bold black writing, 18"x24")


• If you want to get fancy, have a dedicated phone line
  line with a message about the house; but at the very least, make sure you get the phone number and name of everyone who calls, and give them the details- when and where to show up; see previous post on "CALLING ALL INVESTORS!"


• Determine the price you NEED to get for the house, and advertise your opening bid at 65% of this value, making it a weird number ending in a 7 EXAMPLE: "Opening offer $193,457 or best reasonable offer" (don't worry, the beauty of a round robin as opposed to a reserve auction is that you are NOT obligated to take a low bid if it is not enough)


• Determine your advertising budget. You could spend nothing, or you could spend a lot. Here are a few ways you could spend your budget: Flat MLS listing (~$200), email blast Realtors (~$50), send postcards
  to buyers who fit a profile appropriate for your home (~$100-$1500), set up a dedicated website or blog (could be free!), post on free internet classifieds!
  (Craigslist, Backpage, Locanto, Kijiji are my favorites.... Google "free internet classifieds" and you'll find a bajillion options) (~FREE), advertise in your local paper (~$50), distribute event fliers
  to neighborhood (~$100),


• Have a "check-in" table; get the name and phone number of everyone who walks through the door (this becomes important later!); prepare an info sheet about the home to give to prospective buyers as they walk in the door; have available comp information in the kitchen; set up the bidding sheet in the kitchen


• Have freshly baked cookies, coffee (click here for 5% off, coupon code CFL)
  and water bottles available for your guests


• After event is over, call all bidders (starting with lowest bidder), giving them an opportunity to outbid the highest bidder. If they do not bid, they are out of the running. Keep going in rounds (hence the name "round robin"!) until you end up with a highest bidder.


• In the chance you do not have ANY bidders at the event, you can call all of the visitors and say "we would like to give you another chance to bid on this beautiful home, could I put you down for a bid of $_____?"


• In the chance you do not reach an acceptable bid (i.e. what you NEED for the house), you can either recall all visitors giving them a chance to bid, or sit down and figure out WHY. Did you not do enough marketing or was it not out in time (the most common mistake of round robin events)? REDO YOUR EVENT!! Make sure you call all visitors and say "we've had a lot of interest in the home and want to give everyone a fair chance to visit, so we'll be having another sales soiree an yada yada date at yada yada time, if you'd like to come look at the house again yourself, we'd love to share some more cookies and coffee with you!"


• The second most common reason homes don't sell at round robin events is a sad one, and alllllll too common in this economy: the house simply isn't worth what you want it to be worth. You need to re-evaluate all of your options, and decide if that highest bid might be worth taking. (Remember, the true definition of "Market Value" is what a ready, willing and able buyer is willing to pay on a certain date in an arm's length transaction......)


• When the house sells, call up your closing/title/escrow office, cash check and repeat!!

Good luck! Feel free to email me info@mundoluxe.com if you want more in depth instructions!!!