Getting Into the Deal Flow - Wholesale Solutions for a Distressed Market

Published: May 30, 2010, 6 p.m.

Finding great deals is a lot harder than it sounds. Or is it?\xa0 We always say that every problems presents one or more opportunities.\xa0 That sounds really good in a seminar or on the radio, but what about in the real world?In our continuing quest to find resources to help real estate investors succeed, we found an entrepreneur who looked at all the carnage in the low end housing market and saw a business opportunity.\xa0 In fact, we were so impressed that after out first meeting we decided to fly to his office and look at his operation. While we were there, we fired up the microphones and recorded an interview.\xa0 Wouldn\u2019t you like to hear it?\xa0 We thought so! \xa0Behind the microphones on location in Austin, Texas:\u2022\xa0\xa0 \xa0Your host and lead explorer, Robert Helms\u2022\xa0\xa0 \xa0Co-host, financial strategist and travel coordinator, Russell Gray\u2022\xa0\xa0 \xa0Lawyer, entrepreneur, investment banker and CEO, Jeffrey BallAnyone who\u2019s every watched a late night TV infomercial has probably heard the terms \u201cREO\u201d and \u201cWholesale\u201d.\xa0 And at 2:00 am, the idea of buying bank owned properties for pennies on the dollar SOUNDS easy to do.\xa0 But anyone who\u2019s every tried knows it\u2019s a whole lot harder than it looks.\xa0 So even if you\u2019re well educated and adequately capitalized, getting into the deal flow can be elusive.\xa0 Correction, getting into the GOOD deal flow is elusive.Of course, most people only look at a problem from their own perspective.\xa0 If deal flow is a problem for investors, what about the banks who are holding repossessed properties?\xa0 Our guest points out that the banks have problems too!\xa0\xa0 And he tells why the problem is worse on the lower priced properties.Wow!\xa0 If both the buyers (investors like you) and sellers (banks holding repo\u2019d property) have problems, there MUST be an opportunity in there somewhere, right?Of course there is!Once we understand the problems from both sides, Jeff reveals how he built a business around solving the problems.\xa0 What\u2019s most exciting is there is a role for individual investors to play.If you know there\u2019s great deals in distressed property, but haven\u2019t figured out a practical way to get into the deal flow, then this show is for you!