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Fortunately, Ward's training is not about door knocking

Posted by Rick, the Probate Guy on April 23, 2008 at 9:37 AM

In Reply to: Door Knocking isn't an option . . . Would Ward's training still work? posted by Jinger on April 23, 2008 at 8:58 AM

Jinger - I don't blame you, because I don't knock on doors for personal reasons, either (I'm just plain 'ol too lazy).

And the truth is, many, many other people who successfully work foreclosures don't knock on doors, either (for personal reasons, I suppose). In all seriousness, the door knockers really DO have an advantage on the rest of us, however that's obviously not the only way investors reach property owners in foreclosure. There's telemarketing, mailing, website(s), bird dogs, signage, etc. Ward's not a big fan of using the mail but heck, I'll use whatever techniques work considering the cost, time and effort required.

Ward's training is really one of the most essential experiences that you'll find in the real estate business, even if your aim is not to focus especially on foreclosures.

The title training alone is indispensible. I make much more profit by using my real estate title skills than anything else. Yes, one does have to find and identify deals, but I've learned how to extract profits from deals that others would merely pass over. It's also largely about developing an insatiable thirst for knowledge on these topics that Ward and Eric teach. It's very hands on, and you'll develop quite a bit of expertise in chaining out title quickly, accurately and inexpensively.

As for the foreclosure part of the training, at minimum you'd better know about the legal aspects and the practical aspects of working with CA people in foreclosure, particularly owner-occupied, one-to-four unit owners. Mess this up and there's a lot more on the line than just money. You'll alos learn much about different "plays" (strategies and tactics) that Ward is a master of. Lastly, Ward provides his student with an incredible wealth of resources, including contacts, articles, hard-to-find and other very useful forms and sample documents that just plain aren't available anywhere else that I've found (in 30 years of working foreclosures).

To sum it up, potential student (and others entering the foreclosure investment world) just don't know what they don't know. They don't have a clue. And they'll stumble around, maybe make an occassional offer, stumble, maybe make a little money, stumble, REALLY step in it, lose a lot of money, and exit the arena.

Is Ward's training worthwhile even if you don't plan on door knocking? Absolutely!


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