Rey has made a most lucrative career out of simply contacting folks who have money owed to them for an outstanding judgment they have not collected. He then collects the money plus the accrued 10% interest and splits it with his client.
For Rey, it’s a bit like taking candy from a baby. His secret? Simple. He only goes after the better debtors that have assets or a good job.
Because I’m a real estate investor, I hate to admit it but Rey makes more in monthly cash flow than probably almost every other real estate investor I know. Not only does he get nice checks in the mail daily from folks he’s agreed to take payments from, but mostly he just gets big chunks of cash.
How big? Rey almost never goes after judgments less than $10,000 and very often now he goes after 6 figure and above judgments.
And Rey doesn’t just get cash, but enforcing judgments is a great way to “back into” acquiring probate properties. Probates are personally one of my own favorite niches and can often be some of the most lucrative real estate deals out there. You’ve gotta see this!
And what if you’re a landlord that rents out properties? We all have had tenants skip out on us, perhaps damage our properties without paying us and maybe bad contractors who’ve left us high and dry with shoddy work, etc. If you aren’t one yourself, you can easily find these landlords and enforce their judgments.
So again, why should you enforce judgments? Frankly it’s one of the most lucrative businesses I’ve ever seen. It takes almost no startup capital and very little training. It can mostly be done right from your own laptop and much of the work can be outsourced to your VA (virtual assistant).
You can use this as an additional very lucrative steam of income, a replacement for your current income or simply as a way to back into probate real estate. Recently Rey’s two young sons have even started enforcing judgments themselves!
And you know the best part? This business has almost NO COMPETITION! You can easily find all the judgments you want from your laptop and do the holders of these judgments a really big favor. To most of them, it’s like “found money” that they wrote off long ago. They’ll love you for it!
Folks, you’ve just gotta come see this for yourself. Rey recently gave a class in LA for our group and he invited a few of his students to be on a panel. Although all of the students were new because he’d only taught one class I believe at that point, the remarkable thing was that every student on the panel was already making money and was considering leaving their job! When have you ever seen that before? I have not. And these were students I know from our own real estate club!