by Lori Peebles A: Ive been self employed most of my William: We created our Make Me an
life. My last business was a printing Investor program to educate and instruct
nvestors: Do you need some tips to business. the students on exactly how to profit from
help you land an REO property? Its the current REO market. We teach them
a competitive marketplace and if Q: Is part time real estate investing a exactly what we currently do (to make
you want to succeed, its time to set good way to go for most people? money), and how we do it; every little
aside your preconceived notions Michael: To start yes. Keep your real job detail.
about real estate and learn from others until you have been successful with your Michael: Its easy to get excited and see
who have already developed a proven investing for quite a while and you have the possibilities while sitting in a work-
system of success. plenty of money saved up to live on if shop, but its very different when you are
The owners of Nationwide Property need be. out in the real world by yourself.
Investments, Michael Gier & William William: Then it may be ok to quit your William: Thats why our program works.
Barnard, have been successfully investing job and invest full time. Students get the teaching they need and
in real estate for many years. Realty411
recently sat down with them to discuss Q: As partners, youve
their investing career, what they think is worked on land develop-
from the Masters of REOs
working now, and to hear about their 8- ment projects, spec building,
week Make Me An Investor REO short sales, purchased fixer
program. uppers and flipped them.
What type of investment
Q: How long have you been investing, strategy is best for this type of market? also the hands on training out in the field
gentlemen? that is required to succeed.
Michael: I started back in 2000
and went full time in 2003.
William: For me, I started in- My first investment property made me $170,000 net.
vesting in 2004 and went full time
in 2006. Then I started building spec homes making $20,000
Q: Michael, I know you were
per home and eventually $150,000 per home.
intrigued with real estate
investing as a way to make money to William: Currently, our focus is buying Michael: We teach how to get the deal
supplement your career as an actor. REO properties, rehabbing them, and before the MLS, what team members you
How did it feel when you started selling them to owner occupants. We also need and how to get them, market and
becoming successful at real estate and do short sales. The real estate market here financial analysis, raising the money
did that start taking over your life? locally (and abroad) is ever changing and needed, calculating the repair costs, hiring
A: It felt great. My first investment investors need to adapt to those changes and working with contractors, and exit
property made me $170,000 net! Then I and apply the strategies that are viable to strategies so you can get paid. All of this
started building spec homes making $20k the current market conditions. isnt just taught, but its experienced out
per home and eventually $150k per home. Michael: Thats also why we offer our 8- in the real world.
It then became an easy choice; I did real Week Make Me An Investor REO William: You cant get better education
estate fulltime and entertainment part program; its what investors should be then that.
time. doing in this market.
Q: Choice foreclosure properties are
Q: William, I know youre a full time Q: What makes your REO program difficult to acquire in todays
investor now, but what was your unique from the other REO programs competitive climate. I spoke with one
previous profession? on the market? investor in San Diego the other day who
was simply frustrated complete control of your
because all his pickings had business.
multiple cash offers. What
advice do you have for Q: Whats the best (and
investors trying to land worst) part of being a full-
deals? time, self-employed real
estate investor? We are a specialized Turn Key
Michael: You have to
Investment Property Firm focused
eliminate the competition. William: Real estate on selling Occupied Investment
William: We do that by getting investing offers me the Property. When you buy investment
the property before the MLS. freedom to work when I property from Retire On Rentals,
Its one of the very important want (which is actually all Only $76,000 the property will already have a ten-
the time, but I love it), make Rents for $775! ant and experienced property man-
things we teach our students.
as much money as I want, as agement in place. For the last 5 years
You wont usually get deals
our company has catered exclusively
after its on the MLS. there are no limits as in a to out of state clients.
regular job, and most
Call Sky or Becky:
Q: Do you recommend that importantly, be my own
other investors partner up,
just as you have? What tips Michael: As for the worst,
can you offer in choosing a its still a job, theres no
real estate partner?
William: Weve been lucky
guarantee of a paycheck,
and sometimes you have to CashFlowCows.com
that our partnership works, but spend many more hours
most partnerships do not work. because it is your business. Join Our FREE Online Network &
Michael: We recommend that But we wouldnt change it Receive Cash Flow Pocket Listings
the only partnerships you for anything. We love what
create are with money we do. from Markets Across the US! Sign up @
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www.realty411guide.com Vol 2 Issue 4 2009 | 35