Is Phill Grove, the real estate investing guru the Real Deal? Who is Phill Grove?
Who Is Phill Grove and Is the Assignment of Mortgage Payments System A Scam?
Don't buy Phill Grove AMPS (Assignment of Mortgage Payments System) before reading this article to see if you can really use it in your real estate business.
How many different gurus are sending you emails about this system, their system, that guys system? Have they used it? Do they know what's in it? Or are they just sending you an email to fatten their pocket book in case you buy it through them? I'm so tired of the hundreds of emails I get from all these people introducing me to another system they know nothing about.
I don't mind learning about new programs, I don't mind researching new systems that interest me, what I do mind is being "sold" on something when the person trying to sell me doesn't know what the product really is or more importantly if it works.
That's why I'm here and that's why I hope you found this lens!! I'm a student of Phill Grove's....a graduate student of Phill Grove's. And I tried out this new assignment of mortgage payments strategy almost 2 years ago and I'm going to tell you what worked and what didn't. You have the right to hear from someone who's actually out there doing it, has experienced the ups and downs and made a ton of mistakes trying this and that. Then you can make your decision as to whether it's right for you or not.
That said, HI! My name is Dani Lynn and I hope you enjoy this lens...
Phill Grove AMPS Review
Assignment of Mortgage Payments System
New real estate investing strategies are always a hot topic, for both real estate investors and real estate professionals alike. Yet very few real estate investor gurus live up to all the hype that they put in their sales pitch and promotions.
Is the Phill Grove Assignment of Mortgage Payments System (AMPS) just another over-hyped, frenzy-making, over-promised under-delivered real estate investing scam, or can this system really make a difference in your real estate business?
The content over-delivers in every area. It covers way more than just an assignment of mortgage payments and is presented in a clean and easy to read format that can be referenced quickly when needed. The content is easy to understand and incredibly thorough.
If you think this system is your magic lottery ticket to lots of cash without any work, don't bother spending your money on the system. This is not "get-rich-quick" scheme, but if you know how to follow directions and if you are willing to make a consistent effort to market and build your business than you should seriously take a very deep look at the Assignment of Mortgage Payments System (AMPS).
Whether or not you are brand new real estate agent, brand new real estate investor or maybe you're a seasoned pro, AMPS is for you only if you are looking to generate a ton of new leads of prospects that are just sitting out there waiting for someone to come up with a solution to their problem.
Seriously, I know many real estate agents and investors who run their business purely off referrals. They either have a large inner circle who knows, likes and trusts them or they are real estate investors who aren't looking for tons of deals, they just want a lead from time to time. If that's your business model, you won't need this system.
However, if your business has slowed down for one reason or another and you want more leads, or if you are a real estate investor who wants to do a ton of deals, or if you have a team and the ability to ramp up and you want to start pumping in high quality leads, then you need to take a close look at this system.
The system has tons of content. It goes over acquisition, marketing and lead processing, numerous real estate investing strategies (not just assignment of mortgage payments) and business planning. Of course you also get a ton of useful materials such as contracts, disclosures, prospect questionnaires, legal forms, etc., and that's just the "nuts and bolts".
The Phill Grove AMPS (Assignment of Mortgage Payments System) shows you how to do something no one else is teaching. He shows you how to sell 'unsellable' houses to 'unloanable' buyers.
Phill Grove, who has done over 1000 short sales, bought, sold, and/or renovated over 100 foreclosures, renovations, and construction projects working with over 100 partners and clients and makes over $1 Million dollars a year while living in a 3.8 Million dollar mansion, seems to be no small joke.
The buzz among real estate investor gurus, has been that "Phill Grove is the most successful real estate investor I know."
For more information about how to succeed with the Phill Grove M.A.P.S. system go to http://assignmentofmortgagepaymentsreview.com/how-to-succeed.
Dani Lynn has written an entire review on this system and has created a blog if you would like to ask questions and stay updated. You can visit the site by clicking here: http://assignmentofmortgagepaymentsreview.com.
The Battle Begins: Lease Option Investing Vs. The Assignment of Mortgage Payments Program - What is all the hype about?
Rising out of the ashes of the current economic collapse and housing bubble is an all new real estate investing strategy that is changing the way investors use lease option investing to do business.
The father of this is new strategy is multi-millionaire real estate investing Guru Phill Grove, the inventor of the "Assignment of Mortgage Payments System".
This new strategy that replaces lease option investing is called an Assignment of Mortgage Payments. In its simplest form, it transfers the title and existing underlying lien of the house over to a buyer.
This tool has become increasingly popular as a direct response to the unique economic conditions we find ourselves in. With record levels of motivated sellers who need to sell their home, and the changing nature of buyers that need to consider some kind of creative financing strategy in order to purchase a home.
Here are some of the key reasons to consider doing an assignment of mortgage payments instead of the old lease option investing strategy.
First off, there are just some homes that you don't want to hold title too.
Let's face it, there are some homes out there that due to the area, or condition, or the type of loan in place you just don't want any part of. With the assignment of mortgage payments program, you don't have to take title. You simply need to bring the buyer and seller together. Unlike a lease option, you are just the intermediary and should something go wrong, your hands are completely clean.
Second, The Assignment of Mortgage Payments Program Will Net You A Higher Down Payment Than A Lease Option Investing Strategy.
Over the last couple of years the lease option and owner financing buying pool has changed. The fact is that a lot of people who were considered good credit risks before 2008 are now unable to get a loan regardless of what they make. Included in this group are self-employed buyer, ITIN buyers, and even traditional buyers with good credit who don't meet some nit picky bank requirements like length of employment.
Despite the fact that these buyers can't get back loans, they do not want to rent, rent to own or do a lease option. Rather, they want to buy and guess what? Many of them make good money and are good savers. Many times they have as much as 10% to 20% down payments to put down on a home, which you as the investor can pocket with one catch: They want the deed.
An assignment of mortgage payments is much more attractive to these buyers than a lease option because it protects their interests.
Third, the Assignment of Mortgage Payments Program is Less Hassle.
Lease Option homes can be a real pain. There is no joy in endlessly fussing with renters and their excuses, evictions, and home repair. Not only can you make more on the down payment with an assignment of mortgage payments, but it is a "one night stand," that you may never hear from again.
They say you can't teach an old dog new tricks, but you can teach a new or seasoned real estate investor how to make more "hassle free" money. The assignment of mortgage payments program is a promising new tool for investors who use the lease option investing strategy because no matter where you live, this is a great tool to add to your war chest.
This article was written from one of my partners Jimmy Asmann. For more information about assignment of mortgage payments, visit http://assignmentofmortgagepaymentsreview.com/whatisassignmentofmortgagepaymentssystem/how-does-the-assignment-of-mortgage-payments-sytem-work/.
Is Phill Grove's Assignment of Mortgage Payments Program A Scam? - Assignment of Mortgage Payments System No BS Review
Is Assignment of Mortgage Payments (AMPS) Legal?
While I am not an attorney, or CPA or financial advisor and I want you to know that you should consult an attorney if you have questions about the legality of the Assignment of Mortgage Payments, I do want to offer up some answers to questions I've asked attorneys about this program.
First of all, I asked, is it legal? The answer I've received has been worded differently depending on the attorney I was asking, but ultimately, the answers were always the same. YES, it is legal. An assignment of mortgage is simply a combination of two real estate investing strategies that have been used for years: Subject To and Wholesaling.
Another question I've asked was, What about the due on sale clause? Doesn't the assignment of mortgage payments trigger that clause? Again, the answers I received were all worded a bit differently but ultimately, the consensus from each attorney was the same. Yes, it does trigger the due on sale clause. However, it's important to ask the question, do you really think the bank will exercise this right?
From what I've seen and been told, the clause in each mortgage clearly states that they have a right to call the note due, but they are not required to do so, nor do they have an obligation to do so.
What many people don't realize, and what I learned as well is that there are MANY ways to trigger a due on sale clause, such as leasing your home, putting your home in a trust, deeding the home to a spouse in the event of a divorce, or even going on vacation for an extended period of time and leaving your property vacant. All of these instances can potentially trigger the due on sale clause which gives the bank the right, but not the obligation to call the note due on sale.
Again, the attorney's remind me, the question really is, do you really think the bank will exercise this right? My personal opinion and the opinion of most attorney's I spoke with was that as long as the note is performing (meaning payments are being made), the bank is probably not worried about who's writing the check.
This is certainly a complex issue with many variables and many opinions. I hope the information I was able to research from attorney's I've spoken too who have closed thousands of these transactions helped answer some of your questions.
You can see more articles and videos and reports about the legality of AMPS here: http://assignmentofmortgagepaymentsreview.com/is-it-legal/.
Let's Get Real...Does Dani Lynn Have A Hidden Agenda???!!!
Since I opened up this lens talking about all the gurus who send us endless emails about every new program whether they know what the program really is or not...I wanted to get real for a moment. What about me? What's my hidden agenda?
First of all, I wouldn't have spent all this time writing all these articles and recording all these videos if I wasn't getting paid something!! Yes, I am an affiliate of Phill Grove and yes, if you buy this system through me, I'll get paid and that's exactly why my team and I give so many bonuses and support above and beyond what you get from Phill because if you buy from us, you better believe we want to see you make it BIG!!
If you're just getting to know me, you should know that I am a very successful student of his that wanted to get the "GOODS" on this system out there so more people could make a more informed decision. My mentorship and studies with Phill Grove have changed my life and business for the better and people like you, who know nothing about Phill or his new system should know what other people like me, think of him and what he teaches.
So without further a due, please check out the below video: