Posted on 03 June 2010. Tags: Foreclosure Investing, foreclosures, short sale negotiator, short sales
More and more investors and real estate agents are using attorneys and negotiators to get their deals done.
It’s the perfect answer to the “I don’t want to deal with banks and short sales” issue. OR IS IT?
If you are a homeowner trying to get a short sale approved on your home, whether you’re a homeowner or an investor, you might want to think twice about the hands-off negotiations. There are far too many people that over promise and under deliver. Continue Reading
Posted in Foreclosures & Short Sales, Legal & Tax
Posted on 15 May 2010. Tags: loan modification, loss mitigation, short sale package, short sales
There’s good news and bad news about short sales!
The good news is that if you can follow a checklist, you can submit a short sale package to the lender.
The bad news is that the checklist of documents can be daunting to say the least!
The best advice is to contact the lender prior to submitting your package to get their list in the event they have additional requirements, want specific components on their paperwork/letterhead, etc. Each lender is different, so it pays to take a few minutes up front to get Continue Reading
Posted in Foreclosures & Short Sales
Posted on 30 March 2010. Tags: Find Real Estate Buyers, Finding Real Estate Buyers, First Time Home Buyers, First Time Homebuyers, home buyers, home for sale, property investing
The key to finding real estate buyers is knowing exactly who you’re trying to pinpoint. The biggest reason investors (and even Realtors®) have a hard time when it comes to finding real estate buyers is that they simply believe in the concept of casting the widest net and hoping for the best.
While this may seem the most logical way to find real estate buyers, it’s actually putting you at a disadvantage. You need to focus on a specific type of buyer so that you can speak directly to his/her wants and needs in the homebuying process.
There are dozens of “types” of real estate buyers our there, but for the sake of STAYING narrow, in this article, we’re going to focus on the first time home buyers. Continue Reading
Posted in Foreclosures & Short Sales, Getting Started
Posted on 24 February 2010. Tags: Buyer List, Buyers, Real Deals, Real Estate Deal, Real Estate Investing, Real Estate Investor, Real Estate Investors, Real Estate Success, REO, REO Property
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
Posted in Foreclosures & Short Sales, Wholesaling
Posted on 16 February 2010. Tags: Bank Owned Real Estate, reo agent, reo investing, reo properties
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
Posted in Foreclosures & Short Sales, Getting Started, Resources
Posted on 13 February 2010. Tags: Bank Owned Real Estate, reo agent, reo investing, reo properties
With REO properties flooding the market, is it time for you to add them to your real estate investing business?
The simple answer is yes! The fact is, REO properties make up the majority of “REAL DEALS” in this market and you need to be taking advantage of this great opportunity.
Here are 5 reasons REO properties are the way to go!
- Bank Has Already Taken Loss
First and foremost, if the property is an REO, then the bank has most likely already gone through a lengthy and expensive foreclosure process and hasn’t seen a nickel on the properties for the last 1 to 2 years. Long story short, they have already conceded and taken the majority of the loss. Their main focus now is to simply get rid of the property as quick as possible.
Continue Reading
Posted in Foreclosures & Short Sales, Wholesaling
Posted on 21 January 2010. Tags: real estate outsourcing, real estate va, real estate virtual assistant
Last week, I was on a coaching call with one of our students… and the light bulb went off in my head. It was that “ah ha” moment. I finally really understood one of the 3 main reasons people are not successful in real estate: Not Taking Action. Truth is, it’s a huge cause for failure in lots of ‘biz opp’ strategies.
It’s what I’ve since defined as the “outsourcing virus”.
This student wanted to know what he could do to get money coming in NOW.
Here’s what got me thinking… and why so many people are struggling in their businesses.
The student I was talking to had invested tens of thousands of dollars in real estate courses, seminars, and systems. Yet, he was still struggling. (Do you know anyone like that?) Continue Reading
Posted in Foreclosures & Short Sales, Getting Started, Wholesaling
Posted on 01 January 2010. Tags: real estate investing predictions, real estate investing trends
It’s been a year of mixed reviews for many people! Certainly, there were highlights, but many folks are happy to see 2009 ushered out and welcome 2010!
With the New Year – and new decade – there are going to be lots of changes to come in real estate investing, online marketing, information marketing, and business in general.
I know that lots of people are posting their thoughts, predictions, and opinions for the coming year! Here are just a few of my predictions for real estate industry – specifically for investors.
- Property Values Will Stabilize.
We’re not going to see a huge change in property values this year. Many of the markets have bottomed out, or are close thereto. However, there is a lot of inventory that has yet to hit the market before we can start to see an increase in value. This will make it easier to evaluate properties and determine the after repair values as there’s less decline to calculate. However, there are still Continue Reading
Posted in Foreclosures & Short Sales, Getting Started, Success
Posted on 30 November 2009. Tags: Bank Owned Real Estate, finding foreclosures, reo investing, Wholesaling
We have helped dozens of people all over the country save money and find solid deals through Realtors. We’ll personally screen each agent and speak with him/her on your behalf and help follow any deal through to closing.
Here’s What You Need to Do:
- Download this form (Right click, Save as)
- Fill out the form completely. (If there is any additional information that can help us, please provide that on a separate sheet of paper. The more specific and detailed you are, the better we will be able to match you to the right agents).
- Fax it to (305) 675-4664. No fax cover is necessary. Please provide your name on each sheet that you are faxing in, however.
Once we’ve received the form, you’ll receive a follow up phone call to go over any details we may need and begin contacting agents on your behalf.
Posted in Foreclosures & Short Sales, Getting Started, Wholesaling
Posted on 30 November 2009. Tags: Getting Started In Real Estate, letter of intent, real estate documents, Real Estate Investing
Here, you’ll find Important Documents that you’ll find helpful in your investing business.
To download the forms, you’ll need to mouse over the link and “right-click” and “save as”
Posted in Foreclosures & Short Sales, Success, Wholesaling