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All Testimonials
(1552 Testimonials Found)
"Hi Alexis, I have been in the business world for over 20 years and after reading your articles just had to write to tell you how much "real world" intelligence you have. I have learned so much. I just wanted to thank you. I am lucky in that I have capital to purchase homes, but lack the knowledge to avoid costly mistakes. Your recommendations are so practical."
Jeannie
Neptune City,
NJ
"Hello Again, Trey here. I LOVE reading your newsletter. You will hear ringing in your ears...the profit is in buying low..now...not in inflation later. Great advice. Thanks for keeping your e-zine articles 'free'G"
Trey
Sonora,
CA
"Alexis, Thank you very much for your quick response! Foreclosures.com has the best support I have ever experienced."
Jake
San Jose,
CA
"Alexis, This is Wes. I purchased your Mastering Foreclosures program last week, and today I signed my first deal. I have a couple questions. I opened an escrow yesterday, and signed my first deal yesterday in the evening, and I have 2 investors bidding over it right now. Question 1 I have a signed equity purchase agreement...do I take it to the title company and submit it as a contract to purchase the property now, or wait until I have secured the investor, and then take it to the title company. Question 2 What other forms do I need to complete this with the investor. Here's how it's going to be structured..This is a 40 acre property estimated value $100,000 with a 48 acre comp sold on the same road within a month for $125,000. The balance on the loan is $39,000...and he's in arrears about $5000. I have negotiated to pay him a total of $46,500.....$39,000 +$7,500 he pays closing costs and receives the balance. Now I have 2 investors negotiating with me here's the best offer. The Investor will be a 50% partner in the quick sale of the property, he will Pay $10,000 up front, $7,500 to pay the seller, and $2500 in my pocket immediately, and I will participate in a 50% split in the sale of the property after they receive their $10,000 initial investment back. The property is worth approximately $100,000, but my investor know's wineries may pay us twice that amount because of the location and size, Also there is a 5th wheel trailer worth about $10,000 on the property, which will be left to me in the sale as well. Plus since the lender is a private lender....and I plan on getting him discount the note to $30,000 from $39,000 if we refinance or sell the property. Question 3 How is this handled in escrow, do I assign half interest in the property at the close since I'm not assigning the entire property for a finders fee.? Well Alexis what do you think....is that cool or what...? is there anything that I'm missing that you can see. The best part about this is the seller is absolutely thrilled to have this nightmare resolved...and out of his life. He said...I was like an angel sent from heaven...is that cool or what? Not bad for my first week in the business...."
Wes B
Santa Rosa,
CA
"Hi Alexis - I'm a new student... 'Just wanted to introduce myself. 'Found your talks on CD to have been remarkable. As someone who has been training and studying in the academic world for several years, I tip my hat to you in how quickly your mind works and how effectively you drive your points home. I'm getting started TODAY!"
Jason
Irvine,
CA
"Hello Alexis, I purchased your Mastering The Art...tapes last September. I have listened to them several times. I have even gone so far as to transcribe them into a Word document so that I can quickly refer to topics and points of interest. I have bought most of the books you recommend, and I have even read them! "Soft Selling..." is my favorite. The whole experience has been very rewarding and educational."
Lars
San Francisco,
CA
"Hello Alexis, ... Since I've attended your Lab and started working foreclosures in California -- the experience has been an eye-opener. First of all, determining value of many houses in Orange County using DataQuick has been invaluable. Secondly, applying the skip-tracing technique of asking neighbors to tape notes on doors of default homeowners has also been successful ..."
Steve S
Orange County,
CA
"Hi Alexis, My first appointment since the 2 day workshop with someone in default is tomorrow... If nothing else I will get a listing. I passed bidding at 2 auction sales last week because they were too messy (franchise tax board liens totalling $335,000). We may bid at one auction this week... Aside from meeting everyone, the best thing I got from the Lab (off the top of my head) was the "lab offer formula". I have used it twice.... I am still a little rusty but it is an extremely helpful tool. Thank you! Thanks againG"
Terry F
Pacifica,
CA
"From Alexa.com WARNING Aren't you tired of all the foreclosure crap? Reviewer: Jim Brian Please forgive me as I'm not much of a writer, ok? I'll give it to you straight, not the watered down version. I was an attendee at foreclosures.com intense weekend boot-camp.... Never would I have believed it. A few days afterwards I spilled my guts, on everything that I learned, to a newbie Realtor in Roseville, California, on a great R.E.O deal. The next thing I knew I had a finders fee coming my way! There are only 5 foreclosure experts in the world that I would ever recommend, Tim and Alexis McGee are right on top, especially for California foreclosures."
Jim Brian
Sacramento,
CA
"Alexis, I hope all is well with you. I just wanted to touch base with you and let you know that things are going quite well since I completed your class back in October '02. I have successfully closed two deals over the past couple months and have a few more opportunities. One of which we already resold, and the other is going to market in the spring. Thanks again!"
A G
Sebastopol,
CA
"Alexis and Andy, Here is my feedback from attending your recent 2 day Lab: The most important thing I learned during the 2 days, was that calling multiples and gaining important information is EVERYTHING. My favorite part of the program was researching records at the County offices was something I've always wanted to learn. All be it, I'm not spending a ton of time there... Alexis, I asked a ton of questions in order to size your motives and determine if I could model the system. After much thought I've concluded a few things -- I think most anyone can do this "business," and your sincerity is truly genuine in form as well as substance. You really enjoy doing what you do and so many other things in life are just, if not more important (family) than making a "buck!""
Forrest C
Newport Beach,
CA
"Hi Alexis, I want to thank you for the in depth look into the profitable world of foreclosures, from your 2 day Lab. The most important thing I learned from your class, was the strategy of purchasing equity. I always thought you needed a substantial amount of money to cover the full liabilities of a foreclosure. WOW I can pull some money out of my piggy bank. Better yet I can borrow YOUR MONEY.My favorite part of the program is the hands on training with the phone. GOOD way to break the ice. I want to again thank you for your time in the Lab. I thought you were very professional and attentive to the class. I wish the best for your family and your successful career. I am working to be there some day."
Joseph R
Salinas,
CA
"Hi Alexis, First let me say I Love your articles! I have learned so much! Thank you for your website and articles. I have been a mortgage broker for a couple of years, and have just taken the plunge into Real Estate investing in foreclosures."
Ariq
Bronx,
NY
"Hello Alexis, I love your website so much and all of it's valuable information. I can't tell you how many times that I've found the answer to one of my many questions about the foreclosure business right there on your website. When I've not been able to find the answer on your website you guys are always there to answer the phone.Alexis, I especially like your column in the monthly newsletter. I believe that I've read all of the back issues; your articles are so inspiring and full of good ideas. Please keep up the good work, it is always a pleasure to do business with you."
Joe Metz
Sunnyvale,
CA
"Alexis: I attended your Lab early this year and enjoyed it very much. I kept in contact with another student, Shazhad (whom I met at the Lab). We recently acquired a fixer upper (should be closing escrow Monday) for $220,000 worth $405,000 after repairs (it was "red-tagged by the city" and will cost $72,500 to fix up). It looks like we will net over $60,000 on this one project. Thank you for all your help Alexis!""
Joanna and Shazhad
Orange County,
CA
"Alexis, Thanks to you, I have added $110,000 to my net worth since February. If I sold the properties today, I could walk away with that much before taxes. The figure above is after repairs. It is not padded. If anything, it may be conservative. This is a combination of three properties purchased since February, all a result of downloading the data from Foreclosures.com. However, I have found that the data will do no good unless you are willing to have the patience to keep working the system day by day. I have talked to many people who expect success to come fast and just give up after a while. As Robert Kiyosaki said in "Retire Young, Retire Rich." "You must learn to work for free." The big payoff comes to those willing to put in the "free time." Here's a run down of my purchases so far... Purchased in March. 4 + 1, SFR, worth $98,000. I purchased the property with owner financing for $61,000 and put $5000 in repairs. This one has a bad loan of 11.75% ($500pmt), so I am refinancing with a 70%LTV equity line of credit at 7% interest. As you can see, this get all my money back that I put into the deal, cha-ching! The equity line is for $67,000. Also, my monthly payment goes down to $320. I have it rented for $895. Purchased in June. 3+2, SFR, worth $245,000. I purchased the property with owner financing for $175,000 and put $14,000 in repairs. Loan is 8.5% ($1450/mo PITI), so I will keep this loan. I have it rented for $1545. Purchased in July. 3 + 2, SFR, worth $130,000. I purchased the property with owner financing for $93,000 and put $4000 in repairs. Loan is 8.5% ($767/mo PITI), so I will keep this loan. I have it rented for $1050. These are all in great neighborhoods and are increasing in value as we speak. I realize the market may cool off, so I feel comfortable with the LTV on these properties. I am sure others have done better than I have, but please pass on to your beginners that this is not only possible, it is happening every day throughout the country, in every state, in every county, in every city. I am currently chasing several other deals that will certainly pay off in the coming months. I plan to retire within 5 years. Thanks for your program and its user friendly format. Remember, "Some men see a road and take it. Others enter the wilderness and leave a path." Thank you for blazing a path through the wilderness by offering this program. Sorry if I sound preachy, I am a 4th grade teacher by trade."
Ron G
Pasadena,
CA
"Hello again Alexis, Julie and I are so glad we attended your Lab together. It really helped us focus in and direct our time in the most efficient manner. We are so excited about our future in real estate, and because of your training we feel even more confident of reaching or goals in the near future."
William and Julie Pitt
Fremont,
CA
"Alexis, Just wanted to say thanks for your Lab last week. It was filled with answers to all of the questions that anyone who hasn't attended the lab would have. I've always felt I was in "the world of the unknown" when it came to approaching this business. But now after attending your mastering lab, I have the confidence to assert myself with the right attitude (positive), direction and belief in my business. After calling Andy Anderson with numerous questions, now I see why he suggested the lab. (Thanks Andy). A million thanks could never say how much I thank you. However I hope this note comes close. it was nice to see you and Tim again (and your children). Thank you and God Bless you."
Kevin Parke
Antioch,
CA
"Thanks Alexis for the Lab Offer Formula in Excel format! Last year I created a spreadsheet to calculate rehab costs and profit, but it was not half as good as yours--You have saved me many hours, if not days, of time. Thank you again!"
R Moore
Los Gatos,
CA
"I appreciate you taking the time to consider my request and respond to my e-mail. I love the REO Contact directory. I've already located a property because of it and flipped the deal to an investor."
J Standefor
Inglewood,
CA
