After Tax Cash Flow Of A Sale Real Estate Phil Grove And AMPS – Investing Mistakes To Avoid

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Phil Grove And AMPS – Investing Mistakes To Avoid

Investors are turning to the teachings of Phil Grove and AMPS which stands for Assignment of Mortgage Payment System. Obviously, with any new strategy, there is a learning curve that must be overcome to grow deals.

As someone who studied Phil Grove and AMPS and turned that training into a successful AMPS based business in less than a year, I have some tips and guidelines that allow new investors to avoid some of the biggest mistakes that can prevent you from making a real deal.

A mistake is leaving too soon. This system is based on marketing to motivated sellers. There’s no doubt that Phil’s training combo will give you a powerful arsenal of marketing magic to flood your motivated salespeople with calls.

That said, it’s a numbers game and sometimes, you put out filers and don’t get much of a response, and sometimes you get a call from a motivated seller that you don’t close. This is a part of business that happens even to those of us who have been doing it for a while.

So even with Phil Grove and AMPS behind you, you can’t give up just because 1 or 2 deals didn’t go through or you’re bad at marketing. You must be patient!

Another mistake is not enough marketing. Some people get the system, watch every video multiple times, read all about AMPS, but never market to make deals. Marketing is essential for you to succeed with Phil Grove and the AMPS Investor Strategy.

Another mistake is to make the payment contract too long on the sales volume.

Any time you option a lease, sub to deal, rent the property and yes, do a Phil Grove and Amps style deal, you’re going to trigger what’s known as a due on sales clause which states that if you do something before you say , the bank has the option, but not the obligation, to call the note immediately.

I’m not a lawyer, just a Phil Grove and AMPS student, but I’ve spoken to lawyers who have done thousands of transactions of this type, which in theory initiate payment on the sale clause, and I can’t tell of a single case where the bank actually called a note payable. That may change, but that is the practical reality.

So I think investors make a big deal about it. And if it is explained openly and honestly to sellers and buyers, as taught by Phil Grove and the AMPS system, they usually have no problem.

Investors have a greater deal to do with this than sellers and buyers.

Hope that helps with deals!

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