You are not the only one hunting.
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| For some reason, many investors come into town believing they are the only hunters roaming the city. They are shocked to discover bullets are flying eveywhere and 140 properteies get bagged every single day. Every day. On the weekends, they pull up to a house and there is another agent with a client just leaving or waiting to see the property. |
We will not take you hunting without proof of funds.
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| No exceptions. We don't care if you are the Dali Lama with a Black American Express card. Your hunting trip will be cancelled if you don't show up with ammunition. 2 of the properties we visit while hunting will be gone by the time you have dinner. We will be putting in offers that evening if you are serious about getting a property. |
Wrap your mind around these numbers.
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| 140 properties in Las Vegas are purchased every day. Half of those were investors like you. 70% of the investors who come to Las Vegas walk away empty handed. 30% of the investors who actually close a property saw at least 20 properties and put in 6 offers. The 70% of the investors who walk away empty handed didn't read our web site OR didn't believe what we had to say. Since you just read this, your chances went up dramatically. Congratulations! |
Take notes and rate properties as we go along.
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| We will give you more tips on rating properties when we go out in the field. At the end of the day, you will be shooting at the top 6 properties and you will bid on them according to the property rating. When you are exhausted at 3pm, you will discover why we did this. Your notes are an integral process of remembering which properties you want to bag. Keep in mind that 3 of the 20 properties will be gone by the time you have dinner. |
We will be starting early. NO EXCEPTIONS.
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| It gets seriously hot in the summer. We do not take pleasure in watching an investor collapse in the heat. Most investors go into a coma by 3pm in August. Trying to think clearly in house that's 115 degrees with dog soaked urine is extremely difficult. Hunting in the evening is useless as 90% of the properties don't have electricity. We start early because we have to not because we want to torture you. |
Don't fall in love with a property.
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| You will bid on at least 6 properties because the chances of you getting the one you are in love with is less than 5%. If you fell in love with a property, this means 20 other people also fell in love with it. There will be 20 other people stepping all over themselves to get it. Unless you pay 20% over list, you will not be guaranteed to get the property. Your top rated property already has 10 offers on it. |
If you are a number cruncher and need to spreadsheet this stuff, bring your laptop.
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| Nearly every hotel and coffee shop in Las Vegas has free wireless. If you really need to crunch more numbers than the ones we have provided, you need to get on it while you are in Vegas. For every day you need to think about it, you lose 3 opportunities to make an offer. This means that by the end of one week, every property we showed you will be gone. |
There is a major element of luck in getting a property.
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| There are so many variables in choosing and getting a property, that there is no way for to predict which property you will get. For example, you may be the third highest bidder on a property and still get it because the top 2 bidders went MIA. Many investors are shocked that they bid 20% over list on their favorite property and didn't get it. Listing agents don't tell us who or what the highest bidder is simply because they are not the decision makers AND it's illegal for them to tell us. You will be blasting a shotgun into the tree - something will fall out. |