It was bound to happen. I was the successful bidder at an auction at St. Lucie County Florida. It was an amazing home in a gated community. It was on a corner lot, had a pool, lots of custom upgrades. I was all set to make a killing, at least $120k. I beat out half a dozen veteran pros. The auction was over and I was the high bidder, the winner. But then disaster struck, the owner had paid off the HOA judgment and I was left with nothing. That's just the way it goes when you're buying distressed...
Aug 10, 2015•17 min
Mike's system is one of the least risky programs for accumulating wealth that you will ever come across. The reason is quite simple. When you're buying greatly discounted real estate, you get what Mike calls instant equity. This gives you great flexibility. You can price your property for a quick sale and still make a substantial profit. Or, you can wholesale the property and still profit. In fact, when you're sitting on a pile of equity, you can rent the property and simply wait for the market ...
Aug 10, 2015•14 min
Buying highly discounted properties at auction and through the extremely effective techniques that Mike teaches you is only half the battle. Once you've got your property ready for sale, you've actually got to sell it. Using the traditional sales methods, like realtors is still the way to go for certain types of properties, however for others, you can bypass brokers and their hefty commissions and reach international markets yourself. You create the listing and post it on inexpesive sites and wa...
Aug 10, 2015•18 min
In this episode Mike comes to my rescue. I'm suffering from Real Estate ADHD. There's so many amazing opportunities in the Florida foreclosure market that it's hard not to get sidetracked. Therefore, focus is the key. Find the sweet spot of the market that you can best capitalize upon and go after it. That means finding the geographical area(s) that you're most comfortable with, along with the price point that makes the most sense for you. Then you'll be able to filter all the rest of the noise ...
Aug 10, 2015•16 min
Mike recently picked a beautiful 3 bedroom 2 bathroom home in a gated community in Lee County Florida for just over $69,000. He put in new appliances, painted and made some other mostly cosmetic improvements, listed the house for sale and sold it in less than 3 days for $117,000, for a whopping $40,000 plus profit. Sounds impossible, but Mike tells you step-by-step how he did it. All it took was some research and a little creativity and presto it was done. For More Info Go To TeachMeMike.com...
Aug 10, 2015•17 min
The first rule of buying distressed real estate at foreclosure is do your homework! Check your emotions at the door. First set your goals, are you in it for cash flow or are you looking to flip the property for a large gain? As our research has proven, buyers at a foreclosure auction seldom ever lose money. However, then it becomes a question of how much money you're going to make and here it all comes down to your plan. If you're looking to do exactly what Mike does, you buy the property as che...
Aug 10, 2015•14 min
Mike is never one to rest on his laurels. His children are only 4 and 7 years old and already have a large portion on their college costs funded, tax free. At this rate, they'll be ready to retire before their 18th birthdays. Not that he's going to spoil them. But the point is that through strict adherence to the tax code and a little bit of creative intelligence, it's possible for anyone to start out investing in real estate and do it profitably. Mike's been doing it for over a decade and he's ...
Aug 10, 2015•16 min
There's a lot of different paths to success in real estate investing. Mike has travelled many of them. Whether you're looking to buy a pristine foreclosure for a quick flip, or a so-called handyman's dream for a big potential profit, Mike has been there and done it. The key is understanding your goals ahead of time, as well your potential limitations. Sometimes it's best to start off slowly and build your confidence. This is especially true if you've had some previous setbacks in your real estat...
Aug 10, 2015•15 min
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....
Aug 10, 2015•16 min
Mike the Real Estate investing master revisits the subject of the self-directed IRA. Saving for retirement extremely is difficult in the era of zero percent interest rates. However, using Mike's techniques provides relief low interest rates and can help you realize returns far in excess of current market conditions. For example, Mike just acquired a $20,000 house in Buffalo, New York for his children's education fund. It's currently renting for $850 per month and will yield a cash-on-cash return...
Aug 10, 2015•16 min
Buying real estate at foreclosure sales is one of the smartest ways to get properties way under market value. However, in Florida and other states, buying condominiums, properties governed by Homeowners Associations (HOA's) or Property Owners Associations (POA's) can be very risky. Under Florida Law, a non-bank- third party purchaser, takes the property subject to all outstanding liens and assessments. This could be an insignificant sum of money or it could be quite substantial. Some condominium...
Aug 10, 2015•15 min
In this episode Mike Gazzola explains how to use the banks' inefficiency against them. Multiple offers is the key. Don't sit around waiting for the bank to respond to your offer, make 10 or 20 offers and put the realtors to work for you. In the process, most of your offers will fall upon deaf ears, but some will receive an audience and an acceptance, and you'll be on your way to buying a property for way below market. Mike's done it loads of times and he shows you the way. Even though the real e...
Aug 10, 2015•15 min
Mike discusses what markets are best to invest in. The answer depends upon your goals, whether you're looking for appreciation or cash flow. If you're looking for appreciation then the more glamorous markets may be the place to go, after they've had a crash or a decline. If you're looking for cash flow then the less glamorous or blue collar markets can give you superior returns at a very low risk. We also discussed landlord friendly versus landlord unfriendly jurisdictions. Some states' laws and...
Aug 10, 2015•15 min
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 ...
Aug 10, 2015•14 min
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, t...
Aug 10, 2015•14 min
When Mike buys a property at foreclosure, they're often not in move-in ready condition. Many times they need substantial work. But Mike is unphased. Before he buys, he's gotten multiple estimates for painting, carpentry, roofing and any other required work and he teaches you how he does it without paying for these estimates. That way, he goes into every purchase with his eyes wide open and with the knowledge of exactly what's required to make the property salable or rentable. He's seldom surpris...
Aug 10, 2015•18 min
Every day thousands of properties are sold at foreclosure sales and tax deed sales across the nation. These sales can be your key to untold profits or they can be a veritable mine field. The key to cashing in is knowledge. Using the power of the internet and Mike's hard won knowledge, you can purchase properties at a fraction of their market value. Mike's done it hundreds of times. Whether you're looking to flip the property and make a big profit, or if you want to hold on to it and rent it out ...
Aug 10, 2015•14 min
Mike Gazzola understands how hard it is to get started in real estate investing. But he also understands that no matter what amount of starting capital you have, there's a pathway for you to achieve great success. If you've only got a few thousand dollars, start by buying land. As an example, Mike recently bought a quarter acre lot in Upstate New York for just $100. You can buy lots in South Florida for a couple of thousand. Mike has techniques for you to then sell them online to a worldwide aud...
Aug 10, 2015•15 min
Mike Gazzola was sitting in his office in San Jose, CA twelve years ago pulling down a nice 6 figure income. He was cruising around eBay when he came made a discovery that would forever change his life. He found a $25,000 property that was generating $1,000 per month in rental income. The only problem was that it was located in Buffalo, New York. Mike picked up the phone and called the owner to make sure it was for real. He bought that property and proceeded to sell it for nearly double in less ...
Aug 10, 2015•17 min
