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ForeclosureS.com Testimonials

The following are unsolicited testimonials from recent attendees and subscribers.

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Hello Alexis,
About a week or so ago... we signed another foreclosure deal for a 3 bed 2 bath, 1240 sq ft, fixer upper for $25K. We've got 14 days to obtain financing or assign it, and then 30 days to close escrow. We also own two fixer uppers right now, we'll start rehabbing in about three weeks. Should be able to clear $15 -20K each.

Thanks for everything,

Joas Miller, MT
Lab and Coaching client

We had been searching for a way to get out of the rat race when my husband found Foreclosures.com. Based on their golden reputation and wealth of information we ordered Alexis’ Mastering homestudy program and attended her monthly mini-lab webinars. Her program helped us clearly understand the business, the exact steps to take, and expectations to launch our investing efforts.

Earlier this year we decided the time was right to jump into foreclosure investing and needed the extra kick that your 3-day lab is famous for. This was a critical business decision for us to ensure we received hands on training before proceeding with this venture full time. I quit my job and came to lab. We gained the confidence of knowing we could be successful at this not just in the present but for the long term. It was a great feeling!

We bought our 1st property one month later. In the last 8 months we have completed 6 deals and are in the process of purchasing 2 more. Of the completed deals, 4 were REO’s, 2 were from the homeowner pre-foreclosure. We have successfully fixed and sold 5 of our properties with a 15% profit on each, and assigned 1 for a quick finder’s fee with great success. The 2 new deals we plan on retailing one and assigning the other.

Words of Wisdom: This is a great time to be a foreclosure investor. We could not have gotten where we are today without Alexis’ help. We so value what we received from her homestudy, mini-lab webinars, 3-day lab and team of coaches. But anything with such big rewards as what Alexis teaches requires hard work and dedication on your part. Make a decision to take action, and then follow Alexis’ lead. You will not go wrong!

Vanessa & Mike Foreman, TX

Hi Tim and Alexis,
I just wanted you both to know that I closed on another foreclosure deal today.

$ 182,449 - Seller proceeds as stated on my closing statement
$ - 76,500 - Purchase Price
$ - 66,560 - Total Expenses (Includes Rehab & holding costs and taxes)
$ 39,389 Profit :)

I have a couple more REO deals in the pipeline, which not yet listed on the MLS. Thanks for everything!

Mike Melovich

“While working full time, I signed the contract on my first house. It sold before it even hit the MLS! I was asking $265,000 and we sold it for $260,000. I have made approximately $75,000 on my first deal!!!

Our repairs ended up coming way under and I sold the house for much more than I expected and in a lot less time. While other houses sit on the market unsold, I followed your steps and I bought it well below market, signed a buyer and closed it in less than 90 days without a hitch!

I have been focusing on REO's and owners with equity (yes they are still around!) Thank you for all your training and expertise. I'm loving this!

Update: Dawn is no longer practicing law, she is a full time mom with a 3rd baby. She has just completed her 11th deal working my system part time.

Dawn Connelly, FL
Lab & Coaching Graduate, Florida Investor

Things have been going great! We have had some really good deals that have been fun and exciting to work on! I am now working foreclosures full time with my mom.

Our goal initially this year was to do 12 but we just hit 11 and 15 really looks like what we will hit this year!

We have now done 4 flips we are getting really good at pricing. Here is the quick rundown.

Norma: Purchase: $150,000; Fix Up: $5,000; Sold in 4 days: $196,000; $30,000+ net profit.

Ward: Purchase: $119,000; Fix Up: $10,000; Sales Price: $160,000; $25,000 est. profit.

McKay (first deal): Purchase $125,000; Fix Up $35,000; Sold in 14 days: $189,000; $28,000+ profit.

Shipping: Purchase: $88,000; Fix Up: $10,000; Sales Price: $135,000; This house is a sweet deal. The lot is large enough to build another house on the back of it and the zoning allows us to do this. We have over $20,000 profit in it and can easily get $900 a month to start my rental empire!!

I cannot thank you enough for your awesome Lab and for Coach Tim! Your Lab was a life changing event for us. And Tim has been the best mentor we could have asked for. We enjoy our conversations with him immensely. He has truly become a great ally in our business. His ideas and the ways that he presents them are truly outstanding. We get so much accomplished and he is really planting some seeds in my head for where I want my business to transition to.

I thank you both from the bottom of my heart! I hope that you and graduates are doing great!

Dan Paluska, OR
Lab & Coaching Graduate

Do it just like Alexis teaches it in Lab! In the beginning you will be tempted to do things different or leave things out, but that will slow you down and lead to more frustration. If you just follow her system exactly and stick with it – IT DOES WORK!

CURRENT UPDATE: 12 deals since Lab, 8 this year alone!

3 REO's at 50%, 5 subject-to at 60% of resale (higher resale values).
1st REO sold in 1 week for full price, profit 20+ %.
Other 2 REOs ready to sell in 2 weeks. Sub-to closing this week, seller getting a little over $100,000.
We will get our 15-20% profit as usual. Plan for remainder of year is to buy and hold rentals.

Since this business is constantly evolving, he just got the chance to “tune up” his business by retaking the Lab. So much has changed in the last 2 years of Lab. We focused on REO’s which got my last few deals!!!

Andrew Cushman, CA
Lab & Coaching Graduate

I am a full time stay-at-home Dad and work part time foreclosure investor. I have a background in engineering and a SVP Operations Manager for 30 years. Claudia works full time has only been in the US for 5 years, from Brazil.

I saw an article in the USA Today about Alexis’ approach to foreclosures investing and I liked what I read. We came to a Free Webinar, ordered her home study and 3-Day Lab as we needed more hands on help to get this going, as well as Claudia needed to understand the whole approach.

We really wanted to get our first foreclosure deal so we can have both time with the family and financial independence in the future. We had four rental properties which we had purchased before meeting Alexis that did not have the financial upside we wanted.

We left the Lab with the tools, the confidence, the understanding in what we needed. We have since done two bank foreclosures which we are rehabbing presently. One we purchased for $76k and should sell for $145k. The second deal we purchased for $116k and will sell for $200k.

Words of Wisdom: Get around positive people who will influence you to succeed, like Alexis and her team of Coaches. The 3 days we spent in Lab forces you to use the methods Alexis teach. It will get you to the point of “doing” that I am sure we would not have reached on our own from home. Get to Lab ASAP there are a ton of deals out there, just one done right will pay you back many times over.

Michael & Claudia Gilles, CA
Lab & Coaching Graduate
PT Investor, FT Dad

Alexis,
Nice to hear from you. So far since Lab we have two REO deals that we are rehabbing and will keep as positive cash rentals. If we would flip them we would make $20k-$25k profit easily on each.

... We ABSOLUTELY agree the Lab (and coaching) was a great learning and resource. The more we practiced, the more we called, we validated you were right, over and over again. :)

Sincerely,
Michael and Claudia Gilles
El Dorado Hills, CA

Alexis,
Here's the update (finally!) on how we are doing: GREAT!!!! We've put together 8 deals in the last 6 months - 3 REOs and 5 with pre-foreclosure homeowners with equity (yes, they still exist)! We're re-selling the REOs as well as two of the sub-to deals. With the current market we are getting more than we anticipated on the resale, so needless to say that is making things nice. The third sub-to needed less than $1,000 in repairs and was easily turned into a rental property w/ good cash flow. For the other two deals with homeowners we assigned them to other investors for a quick, hassle-free payday.

Also, Veronica's last day at work will be Dec 18th!! Wooohooo! She will basically be working part time after Thanksgiving, and then when the New Year hits we will both be full time investors. We can't wait - total freedom, flexibility, and double the ability to find deals!!

I hope you had a good lab. I'm sure there were 18 excited new investors leaving Sac today!

Best Wishes,
Andrew Cushman
May 2009 Lab Refresh & Coaching Grad
November 2006 Lab & Coaching Grad

PS. Man, selling a nicely rehabbed property down here in SoCal is like dropping a cow into a pool of piranhas - a total feeding frenzy. We listed a property Friday afternoon and as of tonight (Monday) we have 19 offers!! We are way over list - which we thought was a little high to begin with - and a third of the offers are all cash. This market is unbelievable, and we feel very blessed to be able to benefit from it!!... had share the fun we are having right now :-)

Tim and Alexis,
We have been cruising this year. As soon as these puppies get listed they are under contract. The last two that we just go under contract will yield us 22% and 25% respectively! Our average has been hovering right around 12% profit so this is a welcome bump!! We are on the search for three more houses to round out this year with 11 houses!! I am super stoked given that we didn't have the full amount of money to invest until about midway through the year. Look forward to hearing from you!

Dan Paluska
Lab Graduate
Coaching Client

    

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