Do You Still Think Real Estate Investing Is The Path To Liberation?
Name: Mike Watson Investments
URL: www.MikeWatsonInvestments.com
Purpose:Their mission statement states "To create and liberate partners by instilling in them financial prosperity, balanced lifestyle, career satisfaction, and freedom by providing world-class education and hands-on participation."
3 Things You Will Learn From This Review
- The exact outline of the "Foundation to Success"
- How I used some of the techniques I learned
- What I Didn't Like
Before I go any further, I'd like to make a few things crystal clear. I've been involved with Mike Watson program since 2005, however I'm not an employee and I don't receive any kind of compensation from them.
I've been to multiple "boot-camps," workshops, and tele-seminars. The most eye-opening programs I attended were the on seller-financing, raising capital, and even a door-knocking event.
What's The Scoop About Mike Watson Investing In A Nutshell
This is not a Nouveau Rich or Carlton Sheets, basic-real-estate-information-for-the-masses training courses. Mike Watson specifically tailors his information to appeal to experienced Realtors and real estate investors.
Mike Watson Investing does not offer a plethora of educational programs. When you visit their website, you will see he offers 8 "degree camps" for $16,000 . Yes, this is not a typo. That kind of cost will weed out many of the get-rich-quick types, but not all.
Most of the live events are held in Phoenix, Arizona or Provo, Utah.
Like most things in life, it doesn't work... if you don't work it. Before you whip-out your credit card, be a pessimist... check out the free information on his website and implement those ideas into your practice. If you get measurable results, ask yourself, "Do I really need to un-thaw the Visa credit card from the block of ice?"
What I Like About Mike Watson Investing
Foundation To Success: Mike crafted a clear guide of what he feels are important broad factors to having a profitable project. I have the poster in my office and it reads:
- Know the Foundation to Success.
- Find your red button statement (your why) and your who.
- Find properties using competing and non-competing methods.
- Analyze those properties for highest and best use and future potential.
- Write offers with the two OPM's.
- Put the property back up for sale.
- Create and enhance equity
- Sell for a short-term profit or refinance for a long-term equity position
- Prosper.
- Share with others and repeat the process.
Change From Mike Watson Institute to Mike Watson Investments
I noticed Mike changed the name from "institute" to "investments." It may be a slight change to some, yet it bring them more inline with a super-charged real estate investment group, like
AZREIA on A-Rod steroids, where action lead to results.
Training Programs Are Extremely In Depth
I've never went to any other real estate investment program, like Carlton Sheets or Ron Legrand. Take that back, I did go to The Donald Trump Institute, I'll do a review on what I learned, but I can tell between fluff and functional. For example, the
MLS search cd, the deal evaluation submission forms and the seller financing workshop has helped attract, negotiate and close more deals with my own real estate investor clients.
Since the real estate market collapse, I recently was involved in a very intense re-negotiation for an 11 acre land development project. This project would not work if the seller would not only drop his price nearly a half million dollars, but also became a long-term partner in the project.
This deal got done because of my team's deep understanding of seller financing and how to clearly explain terms that everybody wins.
Moving Forward,
Kendall E. Matthews
P.s. Want to read my upcoming thoughts on The Donald Trump Institute? Subscribe to Kendall Matthews' Adventures In Door Knocking by Email
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