good morning good afternoon good evening
folks michael zuber one wrench atlanta
time back with his good friend ty from
his friday expert series how you doing
buddy i’m awesome michael thank you for
having me
yeah one of the things that that i’m
really proud of this youtube channel one
rental at a time is it’s
really a collection of frankly other
millionaires
uh and these millionaires are like
yourself focused on giving back
sharing expenses or experiences
and more importantly for me i’ve also
taken great care
to stay in my lane right what i do i do
and what i don’t i don’t what do i mean
by that
you have just created perhaps the most
important bonus section in my course in
quite a while
i believe we have left a market where it
was just cash and quick to a market that
is changing and fear of missing out is
going to go on the sellers and it’s
going to get worse we are going to see
unemployment double we are going to see
some scary times and in scary times
unfortunately some of us will go into
pre-foreclosure
you and i experienced a great recession
last time
i bought dozens of foreclosures
um
i believe this time
most opportunities won’t actually make
it to foreclosure because the debt is
the asset last time the debt was truly
truly toxic
that is not the case this time so if you
are out there watching those chanters
waiting for foreclosures to come
you might get a couple
next year
but if you learn pre-foreclosures you
can start fish you can a start skilling
up now
b you will fish early and trust me when
i say this
the best deals
will be done in pre-foreclosure they
will never make it to the courthouse
steps will never be owned by the bank
and we have the one and only tai who is
gracious enough to create bonus content
added already it is free
get to work so
thank you thank you thank you
let’s michael thank you for all that you
share and do and i’ve got to say that um
you know it’s interesting you and i have
been in a conversation for feels like
about 18 months
talking about what’s going on in the
economy you do a daily financial news if
you’re not watching that you need to be
on that for anybody watching this video
now
michael puts out the best financial news
out there
specifically why is because it’s
pertinent to what’s going on in real
estate so
one thing that we’ve talked about is
there’s a lot of people that are
sensationalizing
talking about the tsunami of
foreclosures
the tidal wave the bubble a market crash
and all of that and michael
has done the research i’ve done the
research not to the level of michael’s
research but i look at notice the
defaults notice the trustee sales i
study them i watch them i market to them
i provide solutions to them
and i can say that wholeheartedly i
agree with you michael
we are going to see pre-foreclosures
double triple
quadruple that is true the truth is
in 2008 2009 2007
um i worked for fannie mae freddie mac
and i was doing hundreds and hundreds of
transactions for them from 2008 to
2013 let’s call it and the truth is is
we’re not going to see that today we are
going to see pre-foreclosures though
explode and here’s the reality of it
those properties will not make it
in terms of trustee sell and foreclosure
and the reason why is because what
michael just said
the loans are so well they’re so low in
terms of the interest rates and the
payment structure and all of that that
what’s going to happen is smart
investors like michael and like many of
you watching this that are getting
involved with one rental at a time the
course the material following michael
and what he does
there’s going to be so much of an
opportunity for you to acquire these
assets or and or even if you’re a real
estate professional to go out there and
consult and work with these homeowners
and help them get out of it before they
lose all of their equity before they
lose the property to the banks michael
would you agree oh absolutely and again
i stay in my lane i’ve never done a
pre-foreclosure i never worked for
fannie and freddie i’ve never done any
of those things the fact that you were
gracious enough to add this details and
then add call scripts and just be a
professional right you’re going to have
to have some difficult conversations but
at the end of the day
you can be the right answer for somebody
that’s in a bad spot you can create a
solution where they walk away
their credit’s in a better position than
it could be and in many cases they’re
going to have some money in their pocket
and again the debt’s the asset that
again last time
dude the debt was truly toxic
and today the debt’s the asset this
isn’t a this is an opportunity in my
opinion that’s why i asked you to add it
you prepare now
you may execute
on a trial basis this year but it
becomes the answer next year right we
just had a cpi report today that was
truly ugly like i called
the fed’s gonna have to get even more
aggressive uh and
unfortunately
they’re gonna have to break the economy
that means a recession probably a hard
landing probably double triple
unemployment it’s going to hurt a lot of
people
if you’re prepared
you have the skills you can control more
assets
coming out of this
than with less cash which is just
beautiful and you can truly help people
some people through no fault of their
own just got
just got caught just
husband or wife got laid off got a new
job but got to go to texas got to go to
florida whatever it is
be the right answer
and uh prefor again i want to be very
clear pre-foreclosures could go up 10x
literally a thousand percent that’s
because last year was a crazy low number
it was illegal to foreclose in most
cases
and the best properties i want to say
one more time will never make the
courthouse steps if you’re fishing only
for foreclosures first off you’re
fishing a year early
and the best properties will never make
it they’ll they’ll get gobble up by the
people that fish early
and um
yeah it’s it’s it’s time so one of the
other things i want to really work in
here is um
you’re going to add another
another section which i just think i’m
so lucky that you’re going to do this
but i really shared with you i think the
strategy for me going forward is two
offers i’m gonna offer cash
and then terms
so you’re gracious enough to take that
idea which you jumped on in video two
and you’re like i could do more i could
do something else so you’re gonna do a
third video that really talks about
terms seller financing and whatnot so
let’s tease that a little bit because
it’s coming you just committed to it
yeah i love it so
a couple things so i did two videos
already it’s already added in it’s a
part of the content so if you’re a
member of the one rental at a time
course you obviously have access to that
so that’s already up and on the website
for the members for paid members the
third video that i’m going to do is i’m
going to add in and talk about subject
to subject-to financing and then also
seller financing and then the hybrid of
combining the two how do you structure
those deals so a couple of things like
in california we have very specific laws
if you are oh excuse me if you’re an
investor and you’re buying from an owner
occupant there’s a very specific type of
contract that you need i’m going to talk
about that in the third video
the other thing that i’m going to talk
about is specifically how do you
structure how do you negotiate how do
you disclose
you know so that you’re properly covered
but also so that the seller understands
okay this is what i’m doing i’m selling
the property this person’s taking over
the mortgage subject to the loan is
going to stay in place here’s how the
loan is going to be serviced all of that
is properly disclosed so that’s what i’m
going to talk about in the third video
and then even michael i want to just go
backwards a little bit the first video
so the two videos that are already a
part of your course the bonus material
video one what i talk about is how do
you go and aggregate the list how do you
pull the list what do you look for are
we looking for
notice of defaults notice of trustee
sales it’s a little different in state
by state we talk about california but i
also talk about nationally here’s web
here’s a website i use this is how i
pull the list this is how i look at it
this is how i eliminate how i really go
and look at okay these are the best
opportunities in our market so that’s
number one in video number one
and then in uh video number two what we
talk about is how to market to the list
so are you doing postcards are you gonna
do cold calling are you gonna do
uh mail direct mail so if you’re gonna
market to the list in video two
i talk about what to say but also what
not to say okay
and not only that but there’s an
overlying theme of all of this michael
and here’s the real thing a lot of
people look at this and they go well
you know foreclosure investing you know
a lot of people have some preconceived
beliefs about it and let me just say the
overall of all three videos we want to
show up as a solution yes people are
dealing with problems they’re dealing
with debt problems they’re dealing with
divorce they’re dealing with death
they’re dealing with being downsized
a lot of people are going to lose their
jobs it’s interesting you mentioned
texas by the way so i’ve got two deals
setting on my desk right now i’ve got
one where a guy literally he has his
property but he had to move to houston
he’s an oil refinery worker he had to
move to houston he’s got this property
it’s a little bit beat up he’s not sure
what to do with it some family members
are living there they’re not doing a
great job of taking care of it
this guy and he can get a little bit of
money out of the deal right
it’s a perfect example that’s a deal
that i’m working on that’s on my desk
today those deals
did not exist
not in frequency the way that they are
now
last year oh we’re gonna see they’re
gonna work this is that again like go
back to video one the perfect properties
still sell the things with any hair
are gonna sit and sit and sit so folks
do the work be the solution sorry yeah
no that’s perfect and then even a second
deal a deal that normally this is a deal
it’s in an a neighborhood and it’s an a
property normally in my world i’m
dealing with b neighborhoods c
neighborhoods b or c properties meaning
they need a you know they’re a little
bit more beat up paint carpet maybe a
little bit more work sometimes this is
an a property in an a neighborhood why
is that deal on my desk right now well
somebody’s going through a divorce
their family member owns the mother owns
the property it’s her uh her kid that
lives there that’s going through a
divorce she basically is just held on to
this property kind of an accidental
landlord
where she let her kid live there they’re
they’re living there that they’re now
going through a divorce and now the
mom’s scratching her head she lives out
of the area going
what do i do with this property i really
don’t want to sell i really don’t want
to get hammered with capital gains and
that’s where a creative deal makes sense
so
you just don’t know these deals the and
by the way the two deals i described
these weren’t deals that i’m marketing
to these were deals that were brought to
me that fell on my lap that i’m working
on and guess what like you said michael
i believe 5x 10x is what the opportunity
is going to be so
you know
there’s going to be a tremendous i think
they talk about a transference of wealth
yes
right like i you look at like in terms
of national talking heads political
um thought leaders economic thought
leaders they talk about this lifetime
right now we are going to see a massive
transference of wealth so part of that
is people giving wealth to their
children which is awesome another part
of it is is that we’re also going to see
people reshift and reshuffle assets
because we’re going to see some economic
uncertainty in a shift well guess what
this is your opportunity to participate
yeah again folks the opportunity that’s
coming to us is not like the last two
years the opportunity in front of us if
you’re doing the work if you’re getting
skilled up which again i have to do
hence ty is adding stuff that i have no
experience with i’m scaling up myself
i’m going to own or control more real
estate with less cash in the next two
years than i have the last two years
it’s going to be amazing folks if you
have my course already it’s already
there it’s loaded we have a third
amazing video coming from tai i look
forward to adding it tai thank you for
all you do one more time list the
website of the event that you have in
august coming up yeah so we have an
event august 11 12 and bonus day on 13th
it is re
hybrid event.com
re like real estate re hybrid event.com
and it’s great michael’s going to be one
of our great guest speakers that’s going
to be there we’ve got thatch noin
adrian hernandez joda rafaeli myself and
and literally general admission tickets
are literally going on sale today it’s
friday uh june the 10th so if you’re
seeing this on saturday or sunday go to
the site we’re not they’re 50 off for a
limited time so again we also have
diamond which is people will get a third
day where it’s a much smaller room we
roll up and we actually work on your
business and help you create a business
plan and a blueprint for going forward
over the next 6 12 18 24 months so
michael thank you for all that you do
and share with us so thank you for all
that you make available for all of us
you got it man thanks again for adding
stuff i’ve dove in i’m getting ready
it’s going to be a lot of fun thanks
boss