The rise of Dc Fawcett to success – A review

The Rise Of Dc Fawcett To Success – A Review

Dc Fawcett is a virtual real estate investor. He invests in real estate properties and flips homes in areas which he does not inhabit. He is also an expert in short sales, rehabbing and virtual real estate wholesaling. Not just this, he is a great mentor and has guided many real estate investors. He is the founder of the virtual real estate investing club and the paramount digital systems where he gives mind-blowing seminars for his students on some topics of real estate. In this article you will be reading about his early days and his rise to the present successful position.

Dc Fawcett entered into college after he finished his schooling. But, he dropped out of college in just a couple of days. His parents though not happy encouraged him to focus on other alternatives. His father felt that his son has inbuilt entrepreneurship skills and told him so. This statement by his father made Dc Fawcett ponder and take the idea of venturing into business seriously. Initially he had no money and tried to find a job to save money. He found a job in a dot com firm which sold websites touring all houses in an area. This gave him exposure to sales.

This was his first taste of sales. He later on used this experience to come up with many sales tactics. He then went to work for a dry cleaner company. Now, Dc Fawcett was a person who wanted to become rich and he comprehended that investing in real estate deals would make him richer. He also gauged that being an employee will not make him rich. Then what do you think he would have done? Obviously left his job isn’t it? Yeah, that’s what he did. Now, the hero of our biography didn’t have any money or credit to invest in real estate. So, he wondered as to what to do? Then he hit on the jack pot. It all came about as he watched an advertisement about a workshop on his television. He then went to attend the same and was overjoyed to find that the seminar preached exactly what he wanted – investing in real estate short of money, credit or experience. After attending the seminar, he decided to be his own boss. This was the turning point in his life and he then went ahead to rehab and wholesale homes and also purchased vacant houses and REO’s. He was doing so many things and thus he faced financial losses. Then he came across virtual real estate investing. What is the virtual real estate marketing? When people purchase from a seller who gets linked through your site, then you receive commission. This is exactly what virtual real estate marketing is.

Dc Fawcett thus undertook virtual real estate investing and paid off all his debts within 2 years.  He slowly incorporated mechanization in his system due to which he focused more on other ventures rather than this business. His virtual real estate investing business makes a good amount of profit today by doing wholesaling, rehabbing, luxury homes, short sales and cash flow investing. Then he was motivated to impart the knowledge that he had gained with years of experience in real estate investing. So, he started his proprietary learning systems through which he mentors students, teaching them real estate investing tactics. Many have been benefiting from his webinars and tips and have written fine reviews about him. Dc Fawcett also invented the Who-likes-money software which is a tutorial giving tips on how to make money online. Thus, he is a great specialist not just in real estate but also money making. Scandals about him are completely baseless. He is a fun loving human being and spends time with his beautiful family when he is free.

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The Versatile Real Estate Pro

Dc Fawcett – The Versatile Real Estate Pro

Dc Fawcett is a king in the realm of real estate investing and mentoring. He is a great adept with highly competent skills. He is a great author, speaker, guru, investor, salesman, marketer and last but not the least, a fun loving person. He is the founder of some real estate organizations like the virtual real estate investing club and paramount digital publishing. Are you enjoying your monotonously scheduled job? Maybe you are. But for some, it is boring and they can start looking out for other options. Well! If you belong to this category of people, then the virtual real estate club is here to help you. You can catch hold of flipping deals and do them. It can be done either full time or part time depending on your situation and your need for cash.

You can do it as and when you desire and there is no monotony involved. The virtual real estate club has come up with strategies to help you make profits in diverse flipping markets without having to ever leave your home. Profits can be as high as $100,000 per month. The best part about virtual real estate investing is that you don’t have to take the strain of going from place to place and can invest from the comfort of your homes.

Rehabbing homes is yet another area of expertise of Dc Fawcett. In his virtual rehabbing cheat sheets, he gives guidelines on

  • How to do n number of deals and multiply the business
  • How to create new markets as and when you like

Dc Fawcett states some important benefits of rehabbing like the complete liberty to outsource your deals to your team and utilize as well as enjoy the help and guidance from them.

He is a master in short sales also. A short sale is a transaction in which a real estate investor sells a property for a lesser amount than the mortgage that he owes to the lender. Dc Fawcett lays down a new way of investing in short sales. In this method, you are utilizing the experience of the market people and putting it to maximum use. There is nothing that you have to do. All the work is done for you and you don’t have to leave your home. This is a shortcut method of investing in short sales.

After you watch his webinar related to the short sale process, you will learn as how to make a 6 figure income out of short sales. You just have to spend 30 minutes on the video and you will be able to comprehend it easily. The maestro puts it in simple steps. Great! Isn’t it?

Dc Fawcett gives tips and guidelines on various topics in real estate. His webinars are informative and enlightening. Both beginners and experienced people are sure to benefit by checking out his online videos. Not just these, but there are other areas in which our Dc Fawcett is a king. However, there are some people who have scammed him. Some have written reports on how he cheated them in short sale and foreclosure deals. But these are completely false and baseless. He is really a great mentor and entrepreneur who has served millions of clients and guided many real estate investors and professionals. With inimitable experience and powerful knowledge, he is a force to reckon with in the real estate field.

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Dc Fawcett Overview - The Maestro In Real Estate

Dc Fawcett Overview – The Maestro In Real Estate

Introduction

Dc Fawcett is a great guru in real estate.He has wide knowledge in real estate investing and mentoring. He has specialized in the following areas of real estate.

  • Training
  • Marketing
  • Entrepreneurship
  • Sales management
  • Copywriting
  • Social media real estate marketing
  • Leadership skills in real estate
  • Web marketing
  • Online advertising

His rise and skills

He who began investing in real estate faced many difficulties initially. With lot of hard and smart work, he has risen to this position. He is an adept in the business of virtual rehabbing, wholesaling and cash flow investing in markets that he does not inhabit. From a distance, he can understand the nature of markets and complete rehabbing, wholesaling and cash flow investing deals. It all started many years ago. One day, as he was fishing in a gulf, he imagined living in a house which he had never seen. He ended up purchasing it. He motivates you to dream, think positive and act. “Visualizing is just a small part of your goal”, he says. You have to convert it into positive actions. After investing in many virtual real estate investing markets, he was asked to impart the knowledge to many people. So he started the virtual proprietary real estate investing systems which helps many people to grow their business.

Positive reviews

Many people benefit from his webinars. Mortgage brokers, short sales investors and realtors read and learn from him.Those who have systematically followed his instructions and benefited greatly have written reviews praising his guidance. Some say that the content is top class and he took them by their hand and helped them cross over it. Others say that they have had great success and all their expectations have been met with. And not just this, it has been quoted by people that the material covers all aspects of the real estate investing business and is easily comprehensible. Some have hit millions through their deals after training from him. Thus, this is enough proof of his expertise and the quality of his teachings. Not just this, there are millions of Dc Fawcett articles on websites such as VREIC tips and training, virtualcashflowinvesting.com and virtualwholesalinginvesting.com. These articles provide valuable tips on many real estate topics like making profits in real estate, successful real estate marketing, the pros and cons of absentee landlordism and so on. Many people have been benefiting from reading these also.

Scams about Dc Fawcett are lies

There are some websites which write him off as a scammer and these are not true. Rave reviews about him, his journey and his success show that he is a very great expert and guru in this field. Some people say that he takes the money of the people and does nothing in return but this is untrue. There are yet some others who shockingly recommend suing him. But these are written by jealous persons and people who don’t know how to make something out of themselves. He faces criticisms such as not processing people’s deals on time and of having been involved in some big investing coaching frauds. But these are all not true. He has not given any false hopes to anyone as some have been projecting him.

Conclusion

Thus it can be concluded that Dc Fawcett is a great whizz in many areas of real estate investing. He is also a great real estate teacher. Many have followed him and have tasted success. The proofs for this are the reviews that they have written about him.  He is not a scammer and he has been quoted so only to tarnish his reputation.

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Real estate investing formula for flipping and renting properties – DC Fawcett

Are you planning to flip or rent your property but don’t know how to go about it? If it is so, your search for the guidance ends here. Before you make an offer on a property and approach a lender, you need to be aware of the terms of engagement before getting into the deal else, you may sell the property less than the expected amount. DC Fawcett gives you the Real estate investing formula for flipping and renting properties.

Dc Fawcett Tips – Real estate investing formula for flipping and renting properties

Although you might have purchased the property earlier, investment in real estate is different from buying a house for yourself. Dc Fawcett Says that, Buying a personal house is a more emotional undertaking as you would have felt proud that you have purchased a property in your name but it is equally painful to part with it in times of emergency wherein you need money. To succeed in this field, you need to understand the basic formula and research on the market which is the most important factor. Once you have got the amount in place, flipping the property becomes easier.

Flipping House - Dc Fawcett

Maximum Allowable Offer (MAO) helps you to determine the exact price to be paid for buying or selling the property. It is generally considered as 70% of the After Repair Value (ARV) and the investor cannot pay more than that of the after keeping an account for the cost of your funding repairs, holding costs and resale commission and costs. Below is the example

ARV                                        $2,00,000     Value of property after repairs
Loan (Cost of Funding)             7,000     Origination fees, closing fees, Interest
Repairs                                       30,000     All expenses related to renovations
Holding Costs                             3,000     Insurance, Utilities, Taxes, HOA, other
Resale Fees                                 10,000     Realtor Fees (6%)
                                                $150,000   ARV minus costs to flip
                                                 x        .70
                                            $  105,600   Maximum Allowable Offer

 

In this scenario, profit of $95,000 ($2, 00,000 – $105,600)

flipping house - Dc Fawcett

You can break 70% rule on the following conditions – Dc Fawcett Tips

  • Resale fees s exempted when you get a guaranteed in-built buyer.
  • When your cost of money is lower or you can access cheap cost.

The wholesaler uses this formula but adds the wholesale fees. They will set to 65% of the rule including their fees. In this case, it will be 1, 50,000 x .65 which results to $97,600 as a maximum allowable offer when you wholesale.

The other way of 70% Rule

All the investment properties that are fixed and flipped, needs a different amount of time, cash, and considerations. The 70% rule is the basic thing which builds up 30% profit margin and can be a great rule of thumb. However, the investors would look out for the property that can be easily flipped, ignoring the 70% rule.

Net Operating Income – DC Fawcett Real Estate Tips

The investors who are looking for the cash flow and the benefits of building wealth through passive rental income use net operating income (NOI) formula to derive the how much leverage is needed. The basic NOI formula is used when you purchase or refinance a rental property. NOI is calculated in the following way.

Rent                    $1000
Taxes                     -150
Insurance              – 75
Vacancy                -100     (10%- this will vary with turnover rate)
Repairs                   -80     (In this scenario it  is 8% which depends on the property.
Management      -100      (10% budget to pay yourself even if you self-manage)

 

Gross Operating Income $495. The gross operating income tells you how much mortgage the rental property can provide if you have to repay the loan from the profit you get on rental income. Mortgage calculator helps you to determine that.

DC Fawcett – Tips on flipping houses

Do you watch Tv shows like Flip or Flop, Property Brothers and Love it or List it? Obviously then you have  a fair idea about what you will be reading in this article. Well for those who understand and also for the non viewers who are not aware, this article is about flipping homes and guidelines for flippers by Dc Fawcett, the owner of Paramount Digital Publishing, who instructs entrepreneurs in his educational institution and also on his blog in the internet on how to grow their business and also to generate different income streams.

flipping house - Dc Fawcett

 Dc Fawcett has years and years of experience in business and sales. After graduating from college he went to work for a company which sold websites. This job was not long lasting. He then went on to work for a concern which did dry cleaning business. But after working there for a year he wanted to be his own boss. So he started his own business . It was basically about investing in real estate. Then after doing this for many years he went on to find his own educational institution imparting knowledge on investing in real estate.

Dc-Fawcett-tips-on-flipping-houses-Dc Fawcett

Dc Fawcett is a specialist in the craft of wholesaling, rehabbing and cash flow investing in virtual real estate areas that he does not inhabit. He analyses time and again about the various flipping techniques and offers guidelines to flippers. Amy Fontinelle had written an article about his analysis on flipping for the blog Investopedia in June 2010.

Dc Fawcett’s review on Flipping

What is flipping?

Flipping is a process of reselling homes with a profit target in mind.  Flippers often buy Foreclosure homes for low rates in an auction and then end up reselling them at higher prices.

While just about any X or Y can buy and sell a property, there are risks associated with it as Dc Fawcett says. Flippers fix defects and some may even make changes in the basic organization of the home to better their chances of reselling it. But sometimes these defects involve huge amounts of money and take a very long time to mend complaints. Some defects may not be repairable. In this case the flipper faces a loss.  So Dc Fawcett analyses that profit making in flipping is not ensured.

Ripe flipping areas in 2010 according to Dc Fawcett

Although the value of real estate has decreased rapidly in many metropolitan areas in the first quarter of 2010, there are 3 cities which are still very lucrative for flippers. The 3 cities are San Diego, San Fransisco and Los Angeles. San Diego offers a savings of upto 46% on foreclosure. Flippers should be wary of San Diego’s high unemployment rates and new single family homes which can lower prices sharply. In San Fransisco, foreclosure savings are around 29%. Like San Diego, San Fransisco also witnesses many new single family homes and unemployment rates which the flippers have to be careful about. Los Angeles is exhibiting a foreclosure rate of about 0.38%.  High unemployment rates and new single family homes are factors to look out for in Los Angeles as well.

Dc Fawcett Cautions

Dc Fawcett analyses that flippers must face heavy competition from investors who are looking for rental properties and also from owners who are ready to buy inexpensive foreclosure homes just to win auctions or to save money.

Tips on Rental Property

Dc Fawcett – The Advantages In Owning a rental Property:

Compared to other forms of income the advantages of owning a rental property is less. However, everything goes on in the appropriate manner, you can earn a huge sum from this stream of income.

Dc Fawcett said that,You will be having the benefit of a direct income flow through a rental property. The monthly paychecks will give you an income that you get when you don’t mostly carry out any work. In cases the mortgage is lower than your sum got for rent there will be the advantage of a surplus.

All the form of investments comes with a risk and so does owning a rental property. But once you go with this, you may get some reward out of it. The property will see appreciation in due course and your equity investment is balanced. There is also the chance of getting considerable tax break. At the case of selling off your property these two aspects will boost your income. This may also happen when you refinance the property.

rental house - Dc Fawcett

You will upgrade and maintain your property. The value of the property will be enhanced during this course action and this is called sweat equity. You may involve in repainting the property etc. to improve the value of the property at a reasonable financial cost. This will be useful when you sell it at a later stage.

When you are owing and having control of your rental property there is the advantage of independence attached to it. But again you will not be able to earn your livelihood through the profit gained from just one rental property. Having said that, many prudent investors own and manage a huge number of properties which in turn requires lot of commitment and hard work. But the key is that they are in a situation to act out independently.

Dc Fawcett Reviews – The Disadvantages In Owning a rental Property

Sometimes the tenants will leave the place in such a mess that you need to repaint it. You may be also put in a situation where in you have spend lots of money to make the property retain its original attraction.  Sometimes the tenants will even escape from paying the rents.

rental house - Dc Fawcett

Not only do you need to have some cash for buying the property but should also have some money to manage it.According to Dc Fawcett, If the tenant has put your property in a mess you may require lot of money.

The tenant is on the advantageous side when you don’t carry out the required repairs. This may be owing to your financial woes. But here then the law is favorable to the tenant only. It becomes essential to consult a lawyer who is expert in real estate to go through your lease.

There are risks for a rental property including the vagaries of the market. The property may see a depreciation, a succession of bad tenants etc.

Do clarify the questions regarding tax with your accountant.

DC Fawcett – MAO formula for wholesaling

DC Fawcett Real estate wholesaling is one of the ways to make good money. As a beginner, you might get the questions like how to create an offer on a property that guarantees a profit. The answer to this question is you need to give a small tweak into a real estate formula using Minimum Allowance Offer which in short is called MAO FORMULA. With the help of this formula, you can make a small adjustment.

Dc-fawcett-MAO-formula-for-wholesaling-DC-Fawcett

MAO formula for wholesaling what you should understand

MAO is a rule of thumb network that enables the beginner real estate investor with a formula to determine a ceiling while making an offer to the sellers owning distressed property.

DC Fawcett has made a formula as follows

MAO = (ARV * Investor Discount) – Est. Repairs – Est. Closing Costs – Your Expected Profits as A Real Estate Wholesaler and tells you what all you need to understand.

Where ARV = After Repair Value

RE=Repair Estimate

WP=Wholesale Point

If you are not a wholesaler, there is no need for you to deduct the wholesale profit. In MAO, the landlords and rehabbers do the property analysis with an intention to purchase distressed properties at 70% of the actual value, which means 30% for a house if it is in a perfect condition. This discount gives a rehabber a margin of fixing and flipping and gives the rental property investor has a chance to get a positive cash flow.

DC Fawcett Virtual Real Estate Wholesaling

Dc Fawcett – Possible complications with MAO formula

The purpose of MAO formula is to keep you from paying more than what is required for the property. The same advantage becomes a disadvantage if you over-estimate the property value. You need to have an accurate knowledge about the property value and apply the local economic and financial conditions to fix the value of local properties.

The other mistake which people make is under-estimating the repairs which can prove fatal to the real estate investors. For this, you need to know the approximate time that it takes to estimate repairs.

One more difficulty of MAO while using the formula arises when the market conditions change. If the changes take place, the private lenders also revise the lending criteria downwards. You need to keep yourself updated about the developments taking place in the market. And stay on top of the things. Otherwise, you will be calling for trouble by ending up closing the deals at higher prices than the investors in your locality.

DC Fawcett Virtual Real Estate Wholesaling

This formula can be used quickly to make an attractive offer to the seller in which you can unfailingly earn profits, as a real estate wholesaler. You need to study and research the market conditions before making an offer.

Dc Fawcett Real Estate – How To Get Decent Deal on Flipped Houses

Flipped houses is a very competitive process and the returns could be very high for investors.  When you are going for a deal to purchase a home, take into account whether the house is being flipped.  There are certain glaring facts that reveal the truth that the house is being flipped.  The house is usually empty with no one occupying it, and few amends would have been made to make the property appear attractive.

Dc-Fawcdett-How-To-Get-Decent-Deal-on-Flipped-Houses-768x478

Dc Fawcett – Some aspects of flipped houses deal

  • Property records will help you make out that the house is indeed a flipped one. The real estate agent comes to your aid when you take up the process.  When you go through the previous listings you will get to know how long the seller retained the home, and you will also know the previous sale price.

  • The seller might have made vast changes to the property to make it look good. But do not be taken in by the external appearance. There might be flaws that you might have overlooked, and which spring as a surprise on close scrutiny.

  • Cheap finishes might have been done to the house to make it look good, but it might be something distractive such that the buyer does not make out the flaws.DC Fawcett Virtual Real Estate Wholesaling

  • The priority when purchasing a residence is to know whether it has been done with permits. Only when the building possesses permit, it can be considered legal.  Documents supporting the fact that the house has been done with permits have to be furnished.  When work is done without proper permit, you might be inviting trouble.  It will make it difficult to obtain the financing and home insurance.

  • You might have done everything to ensure that the home is in good condition. Also, the house may look attractive and new, but you should not skip the process of home inspection. Certain things might not have come to your attention which a home inspector would find out.

  • When finding out the home’s fair market value, a real estate agent comes to your aid. Nowadays, home buyers have everything in the finger tips, but there are certain things which require the attention of a real estate agent.  Although the previous sale price is a considerable factor, it is not the only thing to place importance.  There are certain costs as the costs of renovation, the escrow which need to be considered.

  • You might need to make a comparison of the homes in the vicinity. There might be homes with similar attributes as the property that you are considering.  Although it is something lucrative when purchasing a flipped house, you need to pay extra attention to details.  When you meticulously follow the process, you would end up getting a great deal.

  • Also, make double sure of the vicinity in which you are purchasing the property. The vicinity might possess the potential growth which might not be in place yet. A good school at place, and other important landmarks would be lucrative when it comes to purchasing property in the vicinity.  Carrying out the homework will give you fair idea regarding how long you need to hold the property before flipping it.

  • You need to update the buyer with regard to the amends that have been made to the house. Paying attention to these small details and making the house up to date would help much in flipping the property.

    DC Fawcett Virtual Real Estate Wholesaling

DC Fawcett – Real Estate Hack In Deals

DC Fawcett Real Estate

Selling the property pertaining to real estate is not as easy as selling the products and services as it has got to do a lot with the legal documents. If you are unable to handle the real estate deals effectively, it is very difficult to sell the property. Apart from hiring a real estate agent and taking professional help, you need to put efforts from your side as well. This is one of the reasons why many of them fail to close the deal. DC Fawcett gives you the tips for closing the sale.

Estate hack in deals

The first and the foremost thing are proper planning. You need to keep the necessary documents ready so it saves a lot of time when you get a good buyer. If you delay in this process, it can result in a loss. Here are some of the smart ways you can take the benefit of this information.

Keep the ownership document ready

You should know what are the documents needed for transferring the ownership to the buyer before hiring a real estate agent. The important documents are:

Deed

This is the document in which the seller transfers the ownership to the buyer. The deed differs from one state or country to another state or country. You need to submit the deeds to local country transfer so the person who is interested in owning your property will get to know that it has been transferred to the new buyer.

Sale Bill

This document includes the valuable assets that are going to be sold with the property. It may be light fixtures, appliances, air conditioners and other assets. These are listed in the contract between the seller and the buyer.

Seller Affidavit

It is similar to the sale bill, which confirms the seller’s previous ownership and declares title defects like leases, liens, outstanding contracts and other legalities which can create disputes in future.

Transfer tax declarations

It is the moral responsibility of every citizen to pay real estate taxes. The government decides the amount depending on the property’s purchase price.

Create a good impression on MLS

Many people consider MLS (Multiple Listing Source) as a reliable source. So it is important that you stand out on the MLS. There are numerous active members who have generated amazing impressions about their property deals. There are a lot of possibilities to get prospective and potential buyers. Offering something with the property creates the best impression to the buyers.

DC Fawcett Virtual Real Estate Wholesaling

Improve your ROI through staging

Staging increases the estate value and reduces the time in the market. Many homeowners and the real estate agents resort to staging as it has become a popular way to promote a home in real estate market. Professional home stagers work with home flow and make necessary changes to make it presentable to potential home buyers. Hence it adds the estate value which increases the ROI.

Invest in property investments

The look and feel of the property is more important to impress the prospective buyers. All the parts of the property should be in a good condition which reduces the buyer’s cost of renovation.

Conclusion

DC Fawcett concludes that Flipping and renting properties are good in their own way for the investors. Managing and owning rental properties is one of the several alternatives and it may suit few people. You have to have cognizance of your financial position and your inclination to take up this alternative while moving on with this move.

Dc Fawcett, the founder of the Virtual Real Estate Investing Club, gives some sound advice regarding investing money in rental properties. One could get a fair idea regarding the real estate scenario by going through his blogs.

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