December 2nd, 2011

Hello and Welcome to the ReiFax.com Webinar Training Archive for December 2nd, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: When looking at a list of properties I noticed a green check mark on the upper left corner of the property, what did it mean?
• Q: Ramon, what if the listing says 0bedrooms and 0 baths?
• Q: where did you go to get the idx and realtor.com buttons
• Q: After I generated the contract, I tried to change the offer but when I generated the contract again  the offer did not change to the new offer.
• Q: In the remarks box for a property it said – Contingent shor sale – what does that mean?
• Q: Could you please quickly show a search that would give a result of properties for sale that are not REO? And what type of filters would you use in that search to find potentially motivated sellers?
• Q: Hi Ramon, I know ReiFax is limited on REO and short sale information they are allowed to publish but is there a way to search and get a result of NO short sales? Thanks.
• Q: any way to search for people who own property in an estate (not probate but estate) can we search the deed name for contains etc?

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November 18th, 2011

Hello and Welcome to the ReiFax.com Webinar Training Archive for November 18th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: Good Morning Mr Rivas. Regarding Buyers Pro, To choose an area can you use a neighborhood or town instead of a zipcode?
• Q: If we need the zipcode is there a webpage were we can look at areas and find zipcodes?
• Q: also, once we find the buyer we want, can we export the lists to an excel spreadsheet? How would that be done?
• Q: I would like to find condos to rent in Fort Lauderdale.  When I do a search, not much shows up.  What am I doing wrong?
• Q: Looking at a foreclosedproperty and the judgement is $498K, how is it that the last sale is shown at $156K w/the bank being the current owner?
• Q: After you generate a contract and then review it first before you send it out, why do you default back to the overview of the property after you close out the contract instead of being able to go ahead and e-mail it?
• Q: Any reason that the current owner of a property is not the person who was foreclosed on?
• Q: i’d like to learn how to find home owners who are recently in default
• Q: i’d like to learn how to look up properties that tax roll says were were bought for $0-$100 dollars
• Q: in what condition can I use shape? In search of all properties in the shape, or only in comps? Can you do one today?
• Q: could you bring up the info for the  11/23/11 broward county foreclosure sale and then how can you sort it by condo or sfr , zip code,city etc

June 10th, 2011

Hello and Welcome to the ReiFax.com Webinar Training Archive for June 10th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: Does “Days on System” mean the same as “Days on Market”?
• Q: when there is an MLS Number, how do I know if it’s an active or expired listing
• Q: When i click and review the training videos it logs me out of the main system and I have to log in separately. Also, the training video library is outdated. Will it be updated to reflect current features and benefits of ReiFax?
• Q: Does ReiFax automatically email a contract after  you hit the “Generate” button? This is after you activate the email feature
• Q: I don’t know how to match the Owner name in the MIR with the proper mailing address. How do I do that, please?
• Q: How do you data mine the information gathered in the Market Intelligence report? What do the different features/queries selected mean?
• Q: Can you edit a sealed contract after it is generated?
• Q: On several propertes that I lok at there s no e-mail contact fr the broker- when I call them they tell me it is on the MLS – why am  I asking – so why don’t you show it as well?
• Q: Two part question about distressed properties.  Is there a way to save the distressed map as a JPEG etc?  Is there a way to configure the excel download to save only certain columns?
• Q: Could you please explain the light bulb tab
• Q: I can not find a foreclosure on reifax which is on the mls. address is 2580 sw 6 ct, broward.
• Q: i just subscribed the platinum version. I like to getr the lead of probate record. How do I get the contact infor of the personal representative and property infor so I can start mailing campaign?

August 27th, 2010

Hello and Welcome to Xima’s Webinar Training Archive for August 27th, 2010. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:

• Q: the webinar is every Friday?
• Q: How do I delete a Saved “Search, templates, etc”?
• Q: where is the link for the webinar record?
• Q: how do we do an equity search to find out if and how much an owner’s equity is?
• Q: once you have a BPO or any type of report, how do you send the link to someone? I figured that out before on my own and sent myself an e-mail link. However, after a couple days I tried opening the link and it said it was “non existing site” or something like that.
• Q: can you ADD an item to the left column of the default?
• Q: Is the new residential interface part of our subscription or do we have to pay additional for it?
• Q: Good morning Ramon, What is the banner that says subscribe to free realtors web site banner at the log in page?
• Q: What are the standards for the bpo report? i see at times, the TSqFt is greatly different between the properties the system included in the report, subj prop = 3000+, but comps were 7000+. and. the subject prop was a 4/3, and the comps brought up 3/1′s.
• Q: When the equity shows undefined, how do we find what the equity is on the property? Thank you.
• Q: Hello Ramon. Do the listings on Xima include the contact number for the properties?
• Q: Is the Debt on the property accurate? How accurate is it? thanks,
• Q: If REO properties fall under the foreclosed tab, how does your system separate foreclosed properties not yet bank owned vs REO properties
• Q: How do you access the training link?
• Q: I am trying to use Xima for the first time. Will this Webinar teach us how to use this program from the beginning step by step or is there another suggestion you have to learn this?
• Q: BPO stands for?
• Q: what is the easy way to have a BPO report in a PDF format?

If you are flipping a property, you need to find buyers fast in order to make money. You can find buyers quickly by meeting investors and other potential customers at local business events and auctions and by building online mailing lists that you can send to potential buyers.

House flipping is attractive because it allows you to start making money right away. You don’t have to rent out the property, take care of taxes and management costs for months or years, and you don’t have to wait around waiting for buyers. The idea behind flipping is that you buy distressed property, turn it around, and sell it quickly to someone as soon as the renovations are done. The trick, of course, is to find buyers who are willing to buy quickly. If you’re planning on flipping a house but cannot find a buyer quickly, the delay in selling will mean lost profits.

To sell your investment home quickly:

1) Visit auctions to meet other investors. Local foreclosure auctions are not only a great way to find your next investment property for refurbishing and reselling, but they’re also a great place to pass out your business cards to other investors. Collect the business cards of other investors at the auction in order to build an investor list that you can contact whenever you have a property to sell. This is especially important if you plan on house flipping fairly regularly.

2) Build an e-mail list. Once you have a number of business cards and e-mails of other investors, develop a mailing list and an e-mail list. This way, you can contact investors quickly whenever you are about to sell property. However, keep in mind that you cannot simply send unsolicited information to other people. Have investors sign up for your mail newsletter or your e-mail newsletter, and this way you can send information about your latest home in the latest issue of your newsletter. Use a double opt-in list for e-mail newsletters and e-mail discussion groups, especially, because anti-spam laws can be fairly strict. Also, be careful not to abuse your e-mail list or mailing list. If you send investors a lot of information that they are not interested in, they’ll not only opt out of the mailing lists and e-mail lists, but they will become annoyed and less likely to look carefully over your property opportunities. You may wish to divide your mailing lists into a few groups. For example, send your higher-end properties to those investors interested in higher-end homes, and send rental units to those investors interested in commercial properties. This way, each investor will get the information that they’re actually interested in using.

3) Join business groups in your area. Any meetings, events, or luncheons held by business groups in your area are a great networking opportunity that lets you meet potential investors and investors in your area. Plus, you will be meeting people who are not investors but are still interested in business. These people may still be interested in contacting you when they have a property that they need to sell quickly or hear of a property that is going up for sale. Just about anyone can refer business to you and can refer customers to you, so make friends with lots of business owners in your area.

4) Go online. The Internet has lots of discussion groups, message boards, and forums where you can meet other investors who might be interested in buying your properties. These are great resources if you are house flipping, since you can receive and send information fast.