Monthly Archives: February 2010

Video For Real Estate: Communication Is Key

Leave a reply

So, the past week has been a little shaky at best!

We had to move all of our company’s web servers to a new hosting account. I’ll save you all the technical details and leave it at this: if you’re ever changing websites and/or hosting accounts, HIRE IT OUT!

At any rate, there was an interesting experience that arose from going through the process of upgrading our servers. I felt frustrated and overwhelmed the whole time and was operating in a reactive state. More than once, I simply tried to cancel the upgrade and was determined to go to another company.

I didn’t know what had happened already. I didn’t know what to expect next. Continue reading →

Local Real Estate Investor Websites: Why You Need One…

1 Reply

Real Estate Investing gurus have been peddling websites since the very beginning ranging anywhere from $30-40/month upwards of several $100 per month with sign up fees ranging from “waived with a one year contract” to “$3000+”.

And here’s the kicker, most of these sites are TERRIBLE.

Most of these real estate websites don’t do anything for the investor whatsoever. (Click Here to watch our recent training video on local real estate website traffic)

I can’t tell you how many people I know have bought these websites, spent thousands on them, and have never received so much as a single lead.

The problem is this… MOST of the people selling these real estate investor websites don’t actually know anything about driving real buyer and seller leads, letalone on a local level, which is (a) more effective, and (b) less expensive.

We’re going to focus on setting up a LOCAL real estate investor website Continue reading →

Finding Buyers for Real Estate Deals

Leave a reply

REO investing is moving faster than a speeding bullet!

Over the last few years, many areas throughout the country were flooded with foreclosures that sat on the market for 1, 2, even 3 years; finally forcing the banks to complete the foreclosure process and take the properties back…hence making them REOs.

If you haven’t yet added REOs to your investing business, you are really missing out on a huge goldmine that is just starting to gain momentum.

In order to be successful, however, it’s critical to begin finding buyers for a successful REO business.

Here are 5 fast ways you can find buyers to build your REO Buyer’s list. Continue reading →

Indymac, One West Bank, and FDIC

3 Replies

You may have already seen this… but they’ve done an update which is PRETTY interesting!

Now, I don’t normally post YouTube videos and such, but this is one that I think we all need to pay attention to since it directly affects our business.

There’s more to this story and I’ve got quite a few “thoughts” on it myself (I actually went to Indymac Bank several years ago to discuss a loan. It had a prepayment penalty on it and we just thought we’d see if they could do anything BEFORE everything spun out of control). They literally refused to even speak to us. Sure, you can say that thy didn’t have to, the person had signed the note, and agreed to it.

That they did… but when everything hit the fan, they lost their house and wound up walking away. Had Indymac WORKED with them way before there was an issue, the homeowner would still have the house and the bank wouldn’t have had another bad debt.

But then again… maybe they had different motives 😉

I’d love to know what you think about this and your thoughts… This is a GREAT discussion point and also can open a lot of doors for you to talk with homeowners and experts on the topic.

5 Ways to Use Realtors for Your REO Investing Business

Leave a reply

REO properties are proving to be the true deals in our current market. Why? The banks have already gone through the expensive foreclosure process and are simply looking to get rid of the property; which can be a very good thing for you.

One of the very best resources you can have to help you grow your REO investing business is an experienced REO Realtor. Below are 5 ways you can utilize REO Realtors to help not only grow your REO investing business, but also do a lot of the work for you Continue reading →

Bandit Signs 2.0

Leave a reply

Part I of 9 (9 Ways to Find Buyers In Today’s Market)
In this series, we cover 9 effective ways to find buyers in TODAY’S Market.

Alright! I know you’ve heard about these little signs before! Some people hate them and other people swear by them! But, opinion doesn’t matter…. THEY WORK. PERIOD.

Unfortunately, most people only use bandit signs to find motivated sellers and neglect this inexpensive little tool entirely when it comes to finding buyers. I can tell you that we personally sell more than 35% of all of our properties on bandit signs alone. We actually use them about 75% of the time to fill our rental vacancies.

There are some substantial benefits that bandit signs offer including: Continue reading →