May 2008: Silver Platter Deals Newsletter

"Handing you deals on a Silver Platter!"

This Month's Theme: Excuses, Excuses, Excuses!

What's Inside this Month's issue...

• The worst advice I ever recieved... (Read or Listen to the Audio message below!)
• The latest and greatest Hot Silver Platter Deals...(Over 10 deals)
• My latest book recommendation on overcoming Excuses and making your goals happen and your dreams a reality!
• Carefully Selected gifts that are found to be effective, even in today's crazy Market!
• Yet another Real Estate Scam Alert that you need to watch out for while doing deals
• Lamar's Final Thoughts & Tips for the month of May (Read or Listen to the Audio Message below!)
  

Note: All values (ARV, Repairs, etc.) for the properties below were through our own due diligence, so please do your own due diligence to verify. We'll help you fill the property as well. See below. Contact me right away if interested.

Have a deal you want to get rid of? Just go to www.LamarBuysHomes.com/buy.php to submit your deal.

Got a seller/buyer lead that you want to just pass on and get compensated with $500 - $1,000 when we close? Go to http://www.LamarBuysHomes.com/ and click Contact Us.

Enjoy Your Newsletter!

To Your Success,

J.Lamar Ferren

New Breed Real Estate Investor

Ps. Please provide me some feedback, as I'm still in the beginning stages of this Newsletter!

Let's Get Started...

Hello Fellow Investors,

Lamar here, and I want to tell you a quick story about the worse advice I have ever received...

You can read below....or listen to this audio message that I created for you:

Turn up your Speakers! It's less than 10 minutes...don't worry! :-)

"Lamar, You need to Put Your Dreams on Hold..."

This was by far the worst advice I have ever received. It was exactly two years ago before I got out of the Army. It was from a Supervisor of mine, who shall be left unnamed. You see, when I was getting out of the Army, there were some people encouraging me and supporting my decision, but there were a whole lot of people trying to stop me from getting out. I was hearing so many excuses about why I needed to stay in the ARMY.

All these excuses and much more were drilled inside of me everyday. I was starting to get a little fearful, if I was making the right decision.... Could I really handle the Civilian World? After all, the army is all I know. I joined straight out of High School....Click here For the Full Story and then come back to the Newsletter!

OK, now that your back...Let's go ahead and get started with the rest of this Newsletter and I'll end it with my Final thoughts for the month.

Enjoy Your Newsletter!

J.Lamar Ferren, Sr.

New Breed Real Estate Investor.

Ps. Leave a comment when you get a chance. I'd like to improve based on the feedback you all leave.

Let's start off with some Wholesale Appetizers... Address Listing Price ARV/FMV Description Rent/Retail 1843 Ramsay St, 21223 $24.9K $ 85K 2 BR TH, needs rehab, then rent for: $800/m 2405 Reisterstown Rd, 21223 $49.9K $137K 3-unit TH, needs full rehab $2200/m 1730 Gorsuch Ave, 21218 $49.9K $ 80K 3 BR TH, rented for: $775/m 616 N Ellwood Ave, 21205 $69.9K $122K 3 BR TH, under market rented for: $775/m 2832 Clifton Park Terrace $79.9K $126K 3BR TH, under rented through Sect 8 f $700/m 415 N. Chester St, 21231 $125K $250K 3 BR TH nr Hopkins, lots of rehabs Retail 2909 Allendale Rd, 21216 $174.9K $261K 3-unit apt building with great cash flow $2150/m Let me know if you want to see any of the properties above. Just send me an email or call me at 703-229-6718 or 1-800-878-5876
Now for the Main Entree...
	60% ARV!! $68,000 Instant Equity! Monthly Cashflow! Your Purchase Price (including deposit fee) $86,200 Rehab Needed (Estimate) $18,000-$22,000 ARV $165,000 - $175,000 Equity $68,000 Market Rent (Average Estimate) $1400 Monthly Gross Caslflow (when occupied) $400+ Just a Reduced $1200 deposit will take this off the market Single Family Home 5 Bedroom/ 3 bath / 2975 Sq. Ft. Contact me for more info: 703-229-6718 or 1-800-878-5876 Email: Click Here to Send me an email. Don't forget to mention the property! $2,000/m Rental! 3028 W. Mosher Street Baltimore, Maryland 21216 4BR/1BTH $1,000/m currently from 2 rooms (Potenial rent $2,000/m (rent the other two) Reduced to $89.5k Contact me for more info: 703-229-6718 or 1-800-878-5876 Email: Click Here to Send me an email. Don't forget to mention the property! 4-Unit Rental! 2025 Druid Hill Ave Baltimore MD 21217 List Price: $209.5k recently appraised for $252k Rental Income: $2100 +a potential 4th apt Property recently appraised for 252,000, and has been recently updated -- These apartments look GREAT. 3 units with a potential 4th - 3 units are currently bringing in 2100 a month. Potential 4th apartment in the basement is already framed and can bring in another $700. Contact me for more info: 703-229-6718 or 1-800-878-5876 Email: Click Here to Send me an email. Don't forget to mention the property! Click Here to Get this Book "Excuses, Excuses, Excuses..." Someone once said that, "Obstacles are those frightful things you see when you take your eyes off your goals." ( I think it was Zig Ziglar...) I believe that Obstacles and Excuses go hand in hand. They're one in the same. There is absolutely no excuse why you shouldn't get this book. Right now it costs less than a Value Meal from Mcdonalds! However, the true value of this book is worth much much more! Sometimes you can't always look at price....You have to look at the value. It works both ways... "It may not cost much, but the Value is unlimited! It may cost a lot, but the Value is unlimited! See how that works. How do you weigh Value? What will the value do for you, that hasn't already been done? What this book will do is not only assist you in achieving your dreams and goals, it will take your attitude and enthusiasm to a whole new level. Excuses are what holds you back from doing what you want to do. This book will teach you to lead a No Excuse! life and go after your dreams & goals, and sift through the obstacles. Ultimately, it will teach you to say, "No Excuse...I'm doing it." How To Do Whatever It Takes to Make it Happen! and mean it! These two courses were carefully selected by yours truly to assist Newbies & Seasoned Investors in taking advantage of Today's Market! I'm sure you've heard of a Real Estate Investor by the name of Eric Medemar, right? Well, if you haven't then that's ok... Eric Medemar is a Real Estate Investor/Realtor out of Grand Rapids, MI. He currenlty owns well over 30 properties and has helped many individuals invest in Real Estate. Even to this day, you can find Eric coaching and helping others in the ever popular Real Estate investing discussion forum....ReiClub.com Not only that, Eric is the Author of the Ultimate Investor System. This system contains two easy to read and understand courses, that takes you back to the fundamentals of Real Estate Investing and introduces you to Advanced techniques and strategies that can be used in Today's market of Wholesaling and Bird Dogging! Plus, it won't cost you an arm & a leg! When I personally read these courses, I was relieved to find how easy it was to understand and the entire time I was reading, I felt like the Author was speaking to me and teaching me at the same time. That's how in tune I was with this material. Not only that, I implemented some of Eric's strategies and it put some cash in my pocket, which ultimately made the courses pay for itself. That's the key to all these books and courses out here. Knowledge and Implementation! I'm sick and tired of reading books that are all hype and not enough info. I'm sick of reading books that leave me saying..."Ok, Now What???" once I'm finished reading. I'm sick of books/courses that put me to sleep after reading it for about 2 minutes. (zzzzzzzzzzz) Eric's courses were a little different though. There aren't too many courses out there that will keep my attention for hours. This is a true page turner. Not only that, it's action oriented. Knowledge & Action puts money in your pocket. Ask anybody... Like I said earlier, even though these courses don't cost much, the true "Value" is unlimited. Even if they did cost a lot of money, the "Value" is still unlimited. With that said, it will ultimately be up to you to expose the value for what it's worth and watch your credibility & bank account grow! Click Here to take advantage of Eric Medemar's Ultimate Wholesaling System Click Here to take advantage of Eric Medemar's Ultimate Bird Dogging System Other Gifts you can take advantage of... This guy is giving away FREE foreclosure secrets! ClickHere Get Ready to Cherry Pic Your Leads! Only a Few Spots Left...Click Here! Free Real Estate Course on Subject 2 Investing (203 Pages, $397 Value) Limited time offer! Note: Signing up for my Investor List is required to gain access to this Free Course. However if you already signed up and do not have the course, then send me an email and after verifying your sign up, I'll send you the course personally within 24-48hrs. Click Here now to take advantage of this awesome step by step course. (Don't forget to also take advantage of the downloadable contracts & videos! Most investors miss this and are glad I reminded them of it. Here's an excerpt from Zillow.com that I found quite interesting. Watch out for this one! It's called the "Spanish Real Estate Scam... Be aware of a scam that could see you thousands of Euros ( or dollars) down. The worse thing about this scam is that you will be very reluctant to report it to the the authorities. So how does this scam work? How do these shady buyers get their cash? Well its a little bit of greed on the part of the seller and cunning on part of the buyer. We all want to save money and if a buyer suggests a way to save money on the deal you will probably consider it. Those selling a property may wish to avoid tax or seemingly help buyers avoid tax by accepting deposits in hard cash. So the buyer supplies his deposit in 500 Euro notes (or dollars) which - you guessed it - turn out to be counterfeit. The con revolves around the common practice of declaring to the authorities’ only part of the sale price and paying the rest in cash. Normally, this extra payment, known as “B” money, is paid in the notary’s office where the sale documents are signed – after the official has left the room. How many people would notice that they were being paid with counterfeit 500 Euro notes (or any type of fraudulent funds)? Many people have never seen one and what good would it do? By then, the deeds would already have been signed, and calling the police would not be an option – the victim would have broken the law. Watch out for garbage like this and continue to invest ethically. You'll be rewarded in the end. Excuses, Excuses, Excuses... The theme for this month's newsletter is obviously "Excuses". I hear about so many wannabe and even seasoned real estate Investors who make excuses about why they can never get started investing in Real Estate, or why that just gave up because of the market. Those type of Investors will never make it big in Real Estate unless, they do whatever it takes to make it happen! There are so many excuses you can give about why you haven't accomplished this or why you haven't accomplished that, but what are those excuses doing for you....besides holding you back. No one is making excuses for you, unless your still hanging around that crowd that tells you..." Yeah, you're right, that stuff doesn't work any more...You can't buy houses in this market..It's too risky" All that crap their filling your head with. I'm here to tell all you Excuse Makers (if the shoe fits, wear it) that the longer you keep making excuses, the longer it will take for you to reach your goals. I promise you that. I used to be an Excuse Maker too. lol Well, I still slip up ever now and then, but that's only because....Nevermind... Common excuses that I hear in the Real Estate Industry all the time are: "I don't have enough money to invest in Real Estate" - You can truly invest in Real Estate, with little or No money down. FYI (it's not a gimmick!) "I don't have any experience to invest in Real Estate" - With all the free information floating around the net (Google), not only that, there are local rei clubs where you can meet other investor, there are mentors, coaches, and all types of individuals that will be more than happy to assist you. If you don't have experience, then you have to "Leverage OPE" (Other People's Experience). "I've read all the courses, heard it all, and tried it all....it doesn't work"- Ok, stop lying to yourself, because if you look at your fellow investors, you'll see that they're making it work. That's proof enough that you haven't done it all, right? "My credit stinks....Nobody will give me a loan."- Whenever I invested in Real Estate, nobody ever asked me if they could check my credit. On top of that, I know if I needed a loan, I could easily talk to Hard Money Lenders or Private Investors. If the income potential is there, you'll get the money you need, no questions asked. They don't care about credit, they care about ROI. "Have you seen the Market! Sub Prime. Ahhhhh!...I'm going to wait until it turns around."- Give me a break. This is just as good as anytime to invest in Real Estate. The prices are low and that means lots of Equity Growth for you! There are so many strategies you can use. Wholesaling, Lease options, Sub 2 investing, Shortsales, etc. You just have to be a little more creative, but you can still make $$. Or you could just sit around making excuses and let me make all the $$. (just kidding...) "My partner screwed me over....I don't want to mess around with that REI stuff." - Ok, I'm sorry to hear about your partner, but then again....Isn't it time you stop feeling sorry for yourself? Your partner screwed you over....Ok, get over it! Now it's time to grit your teeth, get into the trenches, and make something happen! Do whatever it takes. Just be careful this go around and don't give up! "I don't have a big Investor List"- I have 4 words for you.... Consistent Marketing & Consistent Networking. We'll touch on this subject more in the upcoming weeks. I have some plans in the pipeline we're I might be implementing a free resource page that you can use to assist you with your list building, networking, and marketing. I'm not sure when though. Anyway, I could go on all day listing common excuses that people make in todays Real Estate Industy. But, I'm not going to do that. I don't put money in my pocket by making excuses. I put money in my pocket by obtaining the specialized knowledge to do deals and make it happen! Every time you make an excuse, think of the following quotes, and try a little harder: Benjamin Franklin: He that is good for making excuses is seldom good for anything else. Gabriel Meurier: Quotes: He who excuses himself, accuses himself. Henry Ward Beecher: Hold yourself responsible for a higher standard than anybody else expects of you, never excuse yourself. Francois De La Rochefoucauld: Quotes: Nothing is impossible; there are ways that lead to everything, and if we had sufficient will we should always have sufficient means. Sincerely, J.Lamar Ferren New Breed Real Estate Investor Ps: Don't forget to provide me with some feedback. Let me know what you think. Positive and negative about this Newsletter. I'm always looking to improve. Hope you enjoyed it!

April 2008: Real Estate Silver Platter Deals Newsletter

April 25th, 2008

From the Desk of : J.Lamar Ferren, Sr.

"Handing you deals on a Silver Platter!" What's Inside this Month's issue... Quick Intro Hot Silver Platter Deal My latest Book Recommendation Special gift for the month Latest Real Estate Scam Alert that you need to watch out for while doing deals My final thoughts for the month!! Note: All values (ARV, Repairs, etc.) for the properties below were through our own due dilligence, so please do your own due diligence to verify. We'll help you fill the property as well. See below. Contact me right away if interested. Have a deal you want to get rid of? Just go to www.LamarBuysHomes.com/buy.php to submit your deal. Got a seller/buyer lead that you want to just pass on and get compensated with $500 - $1,000 when we close? Go to http://www.LamarBuysHomes.com/ and click Contact Us. Enjoy Your Newsletter! To Your Success, J.Lamar Ferren New Breed Real Estate Investor Ps. Please provide me some feedback, as I'm still in the beginning stages of this Newsletter! Let's Get Started... Hello Fellow Investors, Lamar here, and man does it feel good this morning. I love the month of April for many reasons. As I stepped outside this morning there was a calm that came over me because of the simple fact that spring is finally here. Well at least, here in Virginia. Seeing the sun shining, the flowers blooming, and feeling that light breeze of wind blowing, it''s definitely refreshing. I know the kids will be full of energy, urging me to take them outside on a daily basis. Sometimes, it's important that I pull myself away from my biz and give them the time they deserve. Afterall, they're part of the reason I do what I do. Anywyay, this has been a busy month for me. Not only did I celebrate my 25th Birthday on April 12th, (By the way, I want to give a special thanks to everyone who sent me birthday wishes, e-cards, etc. It really meant a lot to me), I also bought a new home for my family and I, along with adopting a New Real Estate Investing strategy that I'll be telling you all more about in the upcoming months. It is definitely making an impact on our life and it's reshaping my business as a whole. With that said, I'm continuing this Silver Platter Deals Newsletter because I want to help you as much as possible in moving forward with your careers and goals. I'm a key believer in providing value to others. As I was always taught to give back. As you read this Newsletter, I encourage you to take advantage of any deals, books, resources, or gifts that I might have. I'm sure, you'll be glad that you did and you'll be coming back for more. The books and products that I recommend are carefully selected to ensure they produce the results desired. With that said, it will be completely up to you to achieve those results. Well, I know you're ready to see what this Month's Newsletter is all about so let's move on to the Hot Silver Platter Deal of the Month. Also, please provide me with some feedback of what you think about the Newsletter in general. I have thick skin, so don't hold back! To Your Success, J. Lamar Ferren New Breed Real Estate Investor Want to get paid 3 times on 1 deal? No Credit Check, No Bank Qualifying, & Low Money Down 2950 Binghampton Ln NW Lawrenceville, GA, 30044 Click Here for the Full Propery description, then come back to... See the Investement Opportunity below! What if you could become $17,300 richer & Get Paid 3 times on 1 deal? Let's cut to the chase... Here's a Quick Look at the Numbers! Purchase Price*: $159,700 Rehab Needed: $0 ARV+: $177,000 Equity**: $17,300 Montly Rent: $1200 Monthly Gross Cashflow: You Decide! (I suggest $100/m minimum) Assignment Fee: BUT - you should only respond if you're serious. If you don't have $3,900 this deal isn't right for you. But, if you do have $3,900 - and you're a smart, serious investor and you even want to capitalize on 2 of my Special Bonuses, then this is an amazing way to convert $3,900 into $17,300 in net worth, instantly! It doesn't get much easier than this! All you have to do now is send me an email to say "Lamar, I Want The Deal!" (Click Here to reserve the deal for yourself right now...) First Come, First Serve! What if you could sell the property on a 2-yr rent-to-own for at least $177,000 and make a) upfront cash by way of an option fee (recoup almost all of your assignment fee immediately, if not more b) Captialize on any monthly cashflow! c) collect a good chunk of change on the back-end when they refinance and... 2 Bonuses Below! NOTE: * The equity mentioned is based on what we believe the current value to be but does not account for any market fluctuations and is not a guarantee of future performance. + ARV used here is the projected lease option sales price (at 2 years out), as it wouldn't be selling at today's current value, so this is a more accurate figure to use to estimate potential profit. ** This calculation is based on the total purchase price of $159,700 + $0 in repairs. The 2-year lease option value is about $177,000 which is what we used to calculate the projected profit of about $17,300. This is at a very conservative figure. Bonus #1: I know 1 more stream of income that can allow you to get paid 4 times on this 1 deal! Not too many investors utilize this extra stream of income! What if Icould pratically guarantee your success by helping you find the right tenant buyer? Bonus #2 ONLY WITH YOUR PERMISSION... I'll assist you with marketing your deal all over the internet with email, online ads, audios, videos, etc. Here's an example of the Video Campaign we can use for your future tenant buyer: www.FourHourWorkWeek.com "Time is on Your Side" This book will rule out the excuse of "Not having enough time". It focuses on developing a lifestyle where you can live more and work less. I recommend you check this book out soon, if you feel trapped in your business. As a Business Owner, you should be working on your buisess, and not IN your business. This book will help you get there in more ways than one. It also has many great resources available for outsourcing and tips on how to eliminate 50% of the work you do in your business. www.FourHourWorkWeek.com In fact, here is a place I know of where people are standing by to help you with your business. www.guru.com Wouldn't you like to spend more time with your family? Travel whenever & wherever you want? Quit your Job? Grow your Business? Reading this book will help you get there. Head to www.FourHourWorkWeek.com and prepare to change your life! This tool is powerful and it truly will give you an unfair advantage over your competition. You see there are those out there that still do Real Estate Investing the "old school" way. Now I'm not really knocking that, but it's just not for me. I like to do things the "New Breed" way and that's been working for me just fine. My mentor has instilled the "New Breed" concept inside of me and it just makes sense! It cost me a couple hundred bucks just to obtain this *secret weapon* and it has paid for itself over and over again, but my friend Todd is completely waving that entire fee just for you. Aren't you lucky?... Click the KeyHole Now and Get Serious about Your Business! Ps: You better hurry because I don't think the "no setup fee" offer will be around forever, but even if it's not, you still need to take advantage of this secret weapon. You'll see that it pays for itself over and over again! Again, the "no setup fee" offer is a limited offer. Get over there now! Watch out for scams like these when doing your deals! Here's an excerpt from a website I found about a common scam called "rent skimming" Rent skimmers prey on troubled borrowers worried about losing the house. They agree to take over loan payments and let the owner stay and pay rent. Wagner says skimmers don't pay the mortgage, but collect a few thousand dollars in rent before the lender initiates foreclosure. A variation on that has the scammer persuading the homeowners to file for bankruptcy a day or two before the scheduled foreclosure. That stops foreclosure proceedings long enough for the scammer to make off with a few more months' rent, Wagner says. Watch out for scams like this and do not get involved, no matter how attractive it looks. You'll be sorry in the end. I hate scammers! Is Time Really on Your side? This Month I really wanted to touch on the subject of Time. Some people say, "Time is on Your Side". When you hear that, do you really believe it? Are you waiting for that special day to pop out of the sky and your a millionaire relaxing on a tropical beach, sipping on a pina colada? I can almost guarantee that you will never ever see that day unless you do what it takes to make that happen, starting today. For those that have made it there...Congratulations, now give back and help someone else get there if you're not doing so already! Many Investors and professionals want to be successful, but they don't want to put in the work. Somebody has to put in the work. If it's not going to be you, then who? Just like the book above, you can always outsource tasks that you don't feel like doing. But, the bottomline is that those tasks need to be completed on a consistent basis, in order for you to reach your goals. Don't do everything by yourself. You're not alone.. Time is only on your side if you want it to be. Essentially, the clock will keep ticking and ticking. Don't be like the clock. Don't just keep ticking and ticking....waiting and waiting. Take Action Today! Do whatever it takes to Change Your Life Today! I believe in you and that is why I end practially all my emails with... To Your Success, J.Lamar Ferren New Breed Real Estate Investor Ps: Don't forget to provide me with some feedback. Let me know what you think. Positive and negative about this Newsletter. I'm always looking to improve. Hope you enjoyed it!

March 8th, 2008: Real Estate Silver Platter Deals Newsletter

Join our Growing Investor Database, if you haven't done so already, and gain Instant Access to our Free Real Estate Silver Platter Newsletter, sign up to the left:

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Below, you will find info on 2 Hot Silver Platter Deals, my latest Book Recommendation, and my latest Real Estate Scam Alert!! All values (ARV, Repairs, etc.) for the properties below were through our own due dilligence, so please do your own due diligence to verify. Contact me right away if interested.

Have a deal you want to get rid of? Just go to This Page to post a deal.

Got a lead that you want to just pass on and get compensated with $500 - $1,000 when we close? REPLY NOW!!

Note: Bare with me on the newsletter, we will be migrating to a better look very soon!

Also, our Investor Database Migration should be finally taking place next week. As soon as I hear from my webmaster I'll let you know!

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Silver Platter Deals!!

Silver Platter Deal #1

The 5 Bedroom/2Bath Norfolk, VA deal is still available. The seller is looking for a quick sell before it goes into foreclosure.

I almost fell out of my chair when my parnter told me he is REDUCING THE ASSIGNMENT FEE!

The previous $6900 assignment fee for setting up this great deal with the home owner has now BEEN REDUCED TO $1,000!

http://fsbl.blogspot.com/2008_03_01_archive.html

It's still priced low: $119,900.

Again, it has appraised for $180,000 and the local comps support it.

$59,000+ Instant Equity!!

67% ARV!!


It already has a tenant paying $550/m.


The upper unit can easily go for $750-$850.

So you'll be looking at Instant Cashflow!

Schools, Shopping Malls, etc. all nearby!

Click the link below for more info:

http://fsbl.blogspot.com/2008_03_01_archive.html


Let me know if you want to take advantage of this awesome deal!

Silver Platter Deal # 2

This 4BR/1Bth Baltimore, MD townhouse is in great shape. It is currently being rented out by the room. Two rooms are occupied and generating $1,000/m in rental income. When you rent the other two vacant rooms it will generate $2,000/m. This one will go fast.

http://fsbl.blogspot.com/2008/03/2000m-in-rental-income-this-deal-is-hot.html


Description: 4BR/1BTH

Current Rent $1,000/m (Potenial rent $2,000/m)

Your Price: Only $105.7K

A $2,000 deposit with our contract is required to take this deal off the market.

Click the link below for more info:

http://fsbl.blogspot.com/2008/03/2000m-in-rental-income-this-deal-is-hot.html

Let me know if you want to take advantage of this awesome deal!

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My Latest Book Recommendation

From one of my Mentors: Discover the shocking truth why 91% of "wannabe" investors fail and how to overcome this obstacle as if it never even existed...starting today, and I'll even give you $3,472 worth of free bonuses to prove it! For more information, click here!

• Discover how to double your income while also doubling your time off

• Learn how you can go from a $50,000 Fixer-Upper to a $100 Million Dollar Mansion

• Discover the huge pool of deals that you have access to right now and can profit greatly from - all while someone else is doing the work for you

• Discover how you can go from the Corporate World to Real Estate Investor in 1 year or less - all while not risking your own cash or credit

• Learn how a conventional Realtor went from $4 Million per year in sales to $100 Million per year in sales in one one year's time with less work and more time to enjoy life...he reveals to you how you can do the same

For more information, click here!

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REAL ESTATE SCAM ALERT!!

It's idiots like this that give us ethical and honest Investors a bad name! This came from a friend of mine:

Hey Lamar,

Please pass this email on to any real estate investor that you know. Particularly new investors just getting started. The following scam has been attempted on us twice in the last 30 days.

Since it seems to be popular right now I am getting the word out to everyone on our list.

The Setup

An investor is interested in purchasing one of your investment properties. He will always be out of state (a component of the scam). He needs to wire funds, or send you a check for the earnest money deposit.

The Accomplice

This investor will always have someone 'local' that he needs you to pay out of the money he sends you. In other words, the earnest money deposit will always include additional funds for you to give to his local partner (this local partner can sometimes even be an "attorney." This is to lend credibility to the scam. Whether or not the person is an attorney remains to be seen).

The Delay

There will always be a reason for a payment delay that will necessitate you paying the accomplice in advance. This too is a critical element of the scam. In some cases the investor will actually send you a UPS or FedEx tracking number to assure you that payment is on the way.

The Scam!

The check, if it arrives, will never be real. The hope is that you will pay the accomplice in advance of getting your check. This is the money that they will make. In both cases they tried to get $1,750.00 from us in advance (for the accomplice).

Telltale Signs

The investor will rarely use a real name and never supply a contact phone number. You will never be able to reach the accomplice (attorney or otherwise) to speak with them in person. If you do receive the payment it will always be a check drawn on a bogus account, from a fictitious branch of the bank. The bank may be real (in these cases it was Wachovia and SunTrust. But the contact on the check or the bank will never be real.

Avoiding the Scam

Obviously, the easiest way to avoid this scam is to make sure you request a Cashiers Check (which I did not receive in either case). Also NEVER pay anyone from the check until it clears and the funds are in your bank.

Variation of this Scam.

Another variation is the investor asking for your account information to do a wire transfer of funds into your account. This will really have to be your call. I've heard of many Investors who have no problem transferring funds via wire transfer to complete deals. Bottomline, if you don't trust the Investor you're doing business with, then don't do business with them. Build a genuine relationship!

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In many cases these guys are not just out of state but out of the country. From what I'm being told these scams proliferate when the market is slow and investors are willing to go out on a limb to get new investors.While there are many great deals to be done out of state and I'm sure out of country, you need to be wise and use good judgment upfront. By doing so, you'll build your confidence, eliminate fear, and execute more deals whether local or out of state! Personally, I love out of state deals!

This is not legal advice, it's simply information that was passed onto me and I threw in a little bit of my own opinion.

If you're in control of a deal, then remain in control at all times and make it happen!

-Lamar

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Well, I hope my latest news letter was informative for you and I encourage you to take advantage of the opportunites above. Watch out for stupid scams and shady investors and keep moving forward. If you haven't done your first deal, then 2008 is your year to make it happen!



Enjoy your weekend!

To your success,

J.Lamar Ferren

New Breed Real Estate Investor

To join our Growing Investor Database and gain Instant Access to our Real Estate Silver Platter Newsletter, Sign Up Today!