Now if you dig these System Saturday's you haven't seen anything yet you gotta
get one to my live events where I can deliver to you a blueprint that is
proven
so that you can see it in person and take that prop
. . . . .
I did everything myself in here that is not
how'd you do the business and that right there is a house that I have already
flipped
as well and I already know that I can flip this house to a buyer on my buyers list
coz I got a strong buyers list in this area
Hey guys John Cochran here and today is System Saturday the day that I bring you a
system that I use my business
you can rip off duplicate using your own local market
now if you dig these System Saturday's you haven't seen anything yet gotta get
to one of my live event it's nothing but two full days
of System Saturday content, you can meet my team where we can deliver you a blueprint
so you can go home
and have that blueprint for success so on today's
system Saturday session I'm gonna show you how you can make it extra ten
thousand dollars from what's called listing errors
that HUD does now what is a listing error so exactly when
HUD will go through and they will put a property up into the market and they
will list it at a two-bedroom home
and then you find out that it's a three bedroom or a four bedroom home they do
this a lot
now how in the world do we find these listing errors? It is very simple
all we need to do is go to HUD home store dot com
now when you're at HUD home store dot com it's going to take you you're gonna look
you're going to be searching for all the properties okay all the properties that
you're gonna betting on
what I want to do, I just want you to search for your own state search for
the county that the properties that you are going to be bidding on
today and then the buyer types choose that as an investor so that you can bid on those
as a real estait investor unlocking the deed restriction so
this is going to show you all the properties in this case
and Montgomery Ohio, Montgomery County of Ohio
that investor can buy now in order to find these listing errors, it is very
simple you can just see these 20 properties and you can see the addresses
right here
okay and then right beside that you have a price and then you have where we call
this the listing air
here the three-bedroom the two bedroom the three bedroom three bedroom three
bedroom all the bedrooms are
are right here on this column now in order to find this
error you need to do there's two ways to do this the first way is to go into the
local MLS and find out what they have
as the bedrooms in the local MLS so I'll just run through this real quick
and I'll show you one of them
I'm so il just fo in to our local MLS right here
and I will let me just click on a property right right here
53 Bond Street will click on that property
and I will search into our local MLS at 53
bond and I will find out how many bedrooms
this property is so right here at
53 Bond Street it showing, it as a three-bedroom
one full bath okay now I do wanna show you hear that it hasn't listed as a
three-one
now notice that it has sold in 2002 as a
three-two so it's a three bedroom one and a half bath
that's what we call it a listing error so if we find this
okay if we find this we will go out to this property
and then we will find out the true if it is a three bedroom one bath or three
bedroom two bath or is it a four-bedroom
one bath or four bedroom two bath that's how you're going to be able to pick up
an extra ten thousand dollars on
on every single listing error that you find the second way to do this
is to go to the county auditor okay so for this
example on the one on 53 Bond Street I'm was gonna Google
Montgomery County Auditor I'm gonna go to their website click on the
real estate section right here so obviously you do the room uh
the the auditor that you were county the the properties in your county is
located inand I'm gonna go here and I'm going to do a property search
for 53 Bond
Street okay and I'm going to click Search and I'm going to click this
obviously HUD owns this probably I'm gonna find out what the
auditor says that this property is in three bedroom one bedroom
because typically the MLS will be the first area that you want to search
and then the auditor's website where the taxes get calculated that is basically
going to be the best
source up if it is a three bedroom four bedroom one bath two bath
how many is this, so I'm just gonna look right here
and it is a two, lets see here is a three-bedroom
one full bath so you can see here
that it has on the HUD's website a three-bedroom one-bath
and the MLS has it as a three or it is has it as a
three what was that, a three-one and a half and
then the auditor has it as a three-one so
it's clearly going to be a three-one because that's what the auditor's website is so
that's exactly how we find listing error now
if we find a listing error and when we do find a listing error
we are able to bid more on that property because it is more valuable to us
so that we can make in get that property accepted end up buying a property and
make more on it so we will bid higher
on all of our listeners the second thing that I want you to know is that
if we find a listing their and into other properties
and we find out that also the price has been reduced that reduced
price will trump the listing error and we will still not buy that property so
check out the last system saturday that I've shot
and on the price reductions on how their toxic because we do not buy this home
regardless
so on that's exactly how we do it comment on this video below let me know
what you think
and I'll see you on the next system saturday