Sign Alabama Banking Contract Easy

Industry sign banking alabama contract easy

welcome back to the surplus fund ultimate beginner guide and in this video i'll be showing you exactly where to get leads from and where to get contracts from [Music] [Applause] all right guys so in this video i'll be showing you exactly where we get contracts from how you can get contracts i'm also going to be showing you exactly where to get leads from for all the different niches so if you haven't already watched episode 1 and episode 2 we cover picking your niche and then picking your state and if you don't have both of those things selected it's going to be difficult to get contracts and leads because you don't have a niche or state so go back watch episode 1 watch episode 2 and make sure you know you're watching this in the right order and also listen if you're following along in this video stay to the end because i'm going to be covering a lot of different details and you might miss something if you don't stay away at the end that's going to be really really important for you to know there's a lot of nuances with contracts and leads that are going to be super super important and the last thing before we jump into it make sure you guys are subscribed make sure you hit that notification bell that way you can get notified next time we drop that free course link uh once a month we do we give out one to two free courses to people that are subscribed with the notification bell make sure you are subscribed uh so you can see that all right so let's start with leads and you know leads it changes depending on if you're doing state funds if you're doing mortgages if you're doing taxes but let's start with leads and let's start with state funds now with state funds the first thing is there's this whole thing about state funds and blah blah blah i want you guys all to know i made up the term state funds it's not even a real term okay if you look up state funds on google nothing's really going to come up what state funds actually is what the real technical term is is unclaimed property the reason why i changed it to state funds was because we had mortgage funds that we teach right or mortgage overages and we have tax overages or tax funds and i figured mortgage funds tax funds surplus funds state funds that's what made sense to me but now it's become this big thing but when you're looking for leads for state funds what you're going to want to do is you want to go to google and you want to type in the state that you're working in so for example you put new york you could put massachusetts you could put florida california texas whatever state you want to work in and then you want to follow that with the phrase unclaimed property okay so your state again whatever the state name is space unclaimed space property into google now that should bring up some sort of a government website a common one is missingmoney.com but you can't download a list from them but there's all these different government websites for each state that some of them will have lists for you to download sometimes you've got to buy a list they'll ship you a cd i know like we're living in 2005 or something it's ridiculous and sometimes they won't have a list at all so if you go on a website where they have a list really accessible obviously you just download the list boom problem solved if there's a cd or something that you need to get then just pay them the 10 bucks that they want they'll ship you a cd and boom you've got leads that way if you can't find leads on their website what you're going to want to do is you're going to want to call their offices usually on there they'll have an email and a phone number you can call directly to the unclaimed property division that's what it's called um for your state and what you're going to want to tell them is hey look i'm looking to recover other people's money and charge a small percentage as a there's different names for every state of what it exactly is it could be a private investigator it could be an air um you know a fee finder could be an asset recover i mean there's all these different names but they'll do the same thing right you're just recovering money for people so you're going to want to call them and say hey i'm looking to do this do you guys offer leads and i just want to warn you right now the people that work at the state uh they're probably not going to be very nice they're probably going to be a little bit rude and mean um and there's a couple reasons why but the brief summary is number one is if you ever been to the dmv not the nicest people at the dmv they're either you know they don't really have an incentive a lot of times in these government places to be nice and be polite right whereas private companies a lot of times do so not to get political or anything it's not really even political at all to be honest with you but everyone's been in the dmv everyone's had that bad experience at the dmv before i've heard of someone that has and that's just because there's not a lot of incentives it's the same thing with state funds so you're going to get a lot of people telling you that maybe it's not even possible that maybe you know they're just being rude and mean to you um just brush all that off and move on and say listen i get what you're saying but i know it's possible because i've seen this and this and this person do it and i just need the information so let's just get to the point here okay be respectful when you do that though okay so that's how you get it for state funds again if they have it right there on the website you just download it right there on the website if they give you a cd just buy the cd um and if they don't have it if you can't find it give them a call see if they even have a list and if they don't then you're gonna have to find a different state or you could look into the counties now with tax funds the next chapter of things i'm going to cover what you want to do is there's a few different sites that offer tax tax lists or tax auction information so you're going to want to go to one of those sites sign up for an account they're typically private accounts or private companies you're going to pay you know between 50 to 100 to 200 to 500 bucks a month or even a couple thousand bucks a month depending on exactly how much data you want uh how accurate the data is all of that and you're probably going to want to go through that route now the other route is you could go through the counties and do your own kind of research on a county by county basis and that works really well too but it's a little bit more technical and it's a little bit more intensive so i would recommend that for someone that is a little bit more experienced with real estate that has done like property research through counties and all that before if you haven't then just go with one of the private companies yeah you're going to spend 100 bucks or whatever it is but it's going to make your life so much easier it's going to be worth it okay um so that's pretty much it for tax tax funds or tax leverages it's really not that complicated and another strategy that you can do with taxes and you can do with mortgages as well is you can kind of track foreclosures as they're coming up in the future and i'll talk about that more with the mortgages but that is something you can do as well say hey this person looks like they're in trouble with their taxes are they going to get foreclosed on what's the process looking like as we're you know coming up uh to that right but that's more of a mortgage thing you can do with taxes that's pretty much it so again if you're new or if you just want something simple and easy go through a private company just look online for them they're pretty easy to find um and if you're not new and you're experienced or a lot of times you know the tax companies that have tax leads are only work in certain states so i don't have data in all the states so if that's the case you just don't have data in your state or you're a little more advanced then i would start looking into your your county or you know counties around you um that you could get leads from there as well and again kind of same thing with the state funds if you can't necessarily find it on there then just give the county a call and say hey look this is what i'm looking to do do you guys have this information is this even available you might actually have to go down to the courthouse and actually walk in there and get the information but just give them a call and see what information they can tell you and finally mortgages so how do you get mortgage overage leads and you know this is one of the biggest barriers i would say between people having success especially in mortgage surplus funds or mortgage funds for short um that you know is much more of a barrier than some of the other niches you know mortgage leads the really the best way to get them at this moment is to track foreclosure so if you can track future upcoming foreclosures in your area you know using several different sites they're all public just look them up foreclosure auction sites you can kind of track them coming up now there are some private sites that will sell you you know post foreclosure data but a lot of times sites like that they don't they just don't really exist yet like there's not a mortgage surplus fund lead site yet right maybe one day there will be but at this particular moment there's not so the best bet is to kind of track future foreclosures again you can kind of do the courthouse thing go to some auctions if you're looking at working on a local basis if you're working in other areas then you're gonna have to look for something online obviously but that's kind of the the best place to start with mortgages again i've talked about this in several videos the infrastructure for mortgage overages is just not built out nearly as much as any other real estate niche so wholesaling fix and flipping all that has been so overdone and built out that at this point there's too many options mortgage overages is kind of the opposite and the same thing with tax over just a little bit but tax lover just does have a couple sites that provide some pretty good data hopefully that makes sense guys again stay to the end of this video because next i'm going to be covering um contracts so how can you go out and get contracts for your niche and for your state but if you're enjoying this video so far drop a like leave a comment below let me know if this so far has been helpful and let's go and let's jump into the contract all right so contracts and this is you know another big piece to doing surplus funds state funds mortgage funds tax funds successfully how do you actually get someone under contract what do you send them and you know this is a tricky question because every state is going to be different every niche is going to be different um you know to give an example with state funds california they just give you the contracts for free but in many other places in state funds they don't do that and you would use a completely different contract so um that's it's a big question and starting out with state funds again what i would do if i were you is i would again look up your state followed by unclaimed property and as i was looking it up i would be looking on their website seeing if they mentioned anything about you know private investigators or air finders or fee finders or um you know fund recovery people or there's all these different names for the same thing of recovering state funds okay every state has their own name for it because they want to be special so i would look up you know again get on that state website and search and see if they offer you any free contracts because a lot of states will they'll just give you the contracts a lot of states won't but a lot of states will now if they don't have a contract on their website and you call them and they just don't have a contract the other option a lot of times what they'll do is they won't give you a a contract to use but they'll give you a sample contract okay that's already filled out and the reason why that's helpful is because you can just basically model that you can just take their sample contract and turn it into your own contract so that's another option as well but if they don't have that and they don't give you a contract there's literally nothing you can do at that point basically the only option that's left is to bring in an attorney and have them write you out a contract um you know for us we've spent over i mean at this point probably about 35 to 4 000 dollars in uh contracts that we give to our students in service and mastery for free now if you're not on social mastery you don't have access to those so you would need to go out and actually hire an attorney yourself to write those contracts for you and for your state you know if you try to do it yourself it's just not going to work you're probably going to miss something you're probably going to mess something up and the worst thing in the world guys is to send out a contract be excited about a first deal let's say you're going to make a thousand bucks on the deal not a crazy amount of money but enough to be excited right and you send out a contract and everything goes well you submit to the state and the state says hey you know what you filled out this contract wrong because of that we're not going to send you the money we're going to just send your client all the money okay you don't want that to happen so just get an attorney to do it you can pay him 300 bucks 400 bucks okay that's even pushing it i think to write a simple one or two-page contract based on the laws um that your state has don't just tell them to write a contract tell them look at the state fund laws or the unclaimed property laws for what i'm doing and write me a contract for that okay now if you're working in tax overages you know tax leverages again the same kind of thing so every state's going to be different uh every um you know every state's gonna be different in two main ways so number one is do you need an attorney to do a deal there and number two is if you don't need an attorney what are the specific rules regulations and laws regarding tax funds or tax overages in that area that need to be in the contract so to give you an example of this you know there's certain states where you just flat out can't really do tax over just that well okay now there's other states like florida is a great example where tax leverages are blossoming over there and they're very very simple and easy to do and you don't even really need an attorney to be quite honest with you so you need to do kind of some research what i would recommend is again bringing in an attorney or if you're not in a program already not again not trying to plug my own stuff here but you know you need someone to guide you through that process because again the worst thing in the world is to mess one tiny detail up and you don't get paid because of that i mean i've seen people literally lose 5 10 20 30 40 000 on a deal because of this right so don't screw this up make sure it's done correctly make sure you have the guidance and if you you're on a program whether it's mine or someone else's the first time you're doing the contract make sure you have someone looking it over make sure you have someone double checking the contract making sure it's done correctly now with mortgages it's kind of more the same right mortgages is very specific because there's a lot more rules and regulations with mortgages even more so than taxes from what we've seen so for example i've read through some of the texas mortgage overage laws and if my memory is serving me correctly because this is over a year ago that i read these laws um you know in texas you can only charge 20 percent and you have to pay up front the balance so to give you an example in texas with mortgage averages if i remember correctly let's say you watching this is owed a hundred thousand dollars i contact you and i say hey you're at 100 grand um we charge 20 but in order for me to do business i have to pay you 80 grand up front okay now there's another way of doing mortgage overages that's called an assignment that's a whole different thing that's where you basically assign the right to the overjoy over to you you ass gn the right of the surplus fund over to you that's not necessarily what i'm talking about in this instance what i'm talking about is actually representing someone but because of that again that has a whole other layer of complexity with overages with surplus funds with mortgage funds specifically where yeah okay not only can you recover on their behalf but you can also actually transfer the funds over to you and then you know pay them out of your own stuff and that's a state by state thing as well some states absolutely do not allow that california you cannot do that in california for mortgage overdoses but in many other states you can right so this is where it goes down to you've got to do the research in your own state you've got to do the research in your own niche and you've got to know what you can and can't do and that goes back to video number two of this series talking about which state that you should do alright guys so hopefully you enjoyed this video as with every one of these i'm going to be giving you guys some homework um in this video i want you guys to go out figure out where you're going to get your leads from find a lead source that's number one and then the second part of the homework in this video is to secure some contracts or at least have a plan to get some contracts um and you know we want that done by the time you watch the next video the next video will be coming out on thursday if you're watching this today that this gets pushed out it'll be two days from today and in that video i'll be talking about marketing so you know how our script works taking it taking you through kind of the general premise of our scripts and major principles you need to understand for marketing for it to work and that'll be in the next video but before that you need to have the lead selected or a lead source found and you need to have the contracts at least you know being delivered soon if not already have them secured in your hand so that's the homework again if you guys enjoyed this video hit the subscribe button hit the notification bell so you guys can potentially be one of the winners of the free course when we do that once per month i think that's it guys so thank you so much for watching i'll see you in the next video