People said let me know if you did it, and then I'll try it.

"No, I'm not."

I even had some people on email telling me that, and I said, "You know, I'm not going to tell you anything."  And I get an email back, "What?"

I said, "I'm not going to tell.  I'm not telling you.  Put your money down and take the risk, like me.  Don't wait and let me take it, and you think if I take it and succeed, therefore it's safe for you.  No, it's not.  Still not.  

00:40. What you shared with that option contract to buy and sell property they're tying it up that's a big thing and if everybody's listening on the call because they're fixing to be a gigantic wave of foreclosures . . . 

00:52. You guys can get so rich if you just look at this one thing what is an options contract for Real Estate you can get rich without even getting dirty I mean I make it sound easy it's a little bit of work okay but just with this knowledge I mean a piece of paper will get you the loan it'll get you the resources I mean what are they doing it's a foreclosure right on mortgages they're setting people up on mortgages right.

01:02.  Property tax and mortgages see like if people are flipping you know I feel like wholesale like I go to Atlanta real estate enjoying the Atlanta Real Estate Investors you use a purchase and sale agreement it operates similar it's a private contract the consideration is $10 so I can tie up a house I got 30 days to go find a buyer and then I make the difference from what I contracted for and what I sell it for for $10 and it's called a purchase and sale agreement so you have to learn these things because there's a wave coming and then you can actually even possibly even help people with this knowledge you're learning here if they're being assaulted improperly by the system or flip the property and make money.

02:11. That's more useful than storing food.  

02:15. The advantage with the option contract that you shared is you have the option, they have to contact you whether they buy or sell you have first right that's what you do with this for 30 days but apparently your option contract lasts longer than 30 days.

02:30.  You can renew it if the seller will let you if it's a really hot market and lots of people are coming to you and the seller is going to say, "Hey man, hey come on, come on, I want to sell this."  He's not going to renew your contract.

02:45.   People are upside down bad, way worse than 2008 and it's predatory.

02:50.  Where is it the numbers are worse than 2008.  

02:53.  Let me give you an example, okay?  So 2008 I was at the meeting Monday the average amount people are upside down said it was $1,000 a month payments, like you're 8-10 months behind but it's around $13,000 to $18,000.  People are now sometimes $100,000 upside down.

03:08.   How are they getting a status from is that from The Debt Service on public records?   

03:10.  Yeah well that's what they do they go well no the people are calling in they're talking to them they contact them you got these free foreclosures lists.

03:28.  If people would jus . . .  if it was your hobby to find these prospects and you spend an hour a week for the whole year up until . . . we'll say you started in January, and in October you're looking for property, like Ray is describing, that's distressed or something going into foreclosure, yes, financially distressed property is what they call it.  And let's say you just try to do it not even having a clue you just took that sentence I just said and you looked on the internet and maybe spend a few dollars on software services or calling people was saying an hour a week 2 to 3 hours a week let's say and nothing happens until October so you spent like 10 months doing it