Investors are increasingly turning to the teachings of Phil Grove and AMPS, which stands for Mortgage Payment Allocation System. Obviously, with any new strategy, there is a learning curve that must be overcome in order to do business.

As someone who has 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 to enable new investors to avoid some major mistakes that can really prevent you from getting deals.

One mistake is giving up too soon. This system is based on marketing to motivated sellers. Without a doubt, the combination of Phill’s training will give you a powerful arsenal of marketing magic to get a flood of calls to motivated salespeople.

That said, it’s a numbers game and sometimes you turn off the filing cabinets and don’t get much of a response, and sometimes you get a call from a motivated salesperson who doesn’t close. This is part of the business that happens to even 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 work out, or because you had a bad marketing strategy. You must persevere!

Another mistake is the lack of marketing. Some people get the system, go through each video multiple times, read all about AMPS, but never do the marketing to make the deals. You must trade to be successful with the investment strategy of Phil Grove and AMPS.

One more mistake is making too big of a deal on the sales expiration clause.

Anytime you make a lease option, sub-deal, rent property, and yes, do a Phil Grove and Amps-style deal, you’ll activate what’s known as the sale expiration clause which states that if you do any of As stated above, the bank has the option, but not the obligation, to call the promissory note immediately.

I’m not a lawyer, I’m just a student at Phil Grove and AMPS, but I’ve talked to lawyers who have done thousands of these types of transactions, which theoretically trigger the expiration clause of the sale, and they can’t tell me about a single case where that the bank has actually called the note past due. That could change, but that’s the practical reality.

So, in my opinion, investors make a big deal out of this. And if it’s explained openly and honestly to the seller and buyer as taught in the Phil Grove and AMPS system, they usually don’t have a problem either.

Investors tend to make a much bigger deal on this than sellers and buyers.

Hope that helps, to the deals!