Future of Foreclosures
Here is a link to a recent article regarding the future of the foreclosure market for 2010 and beyond.
http://news.yahoo.com/s/nm/20100114/us_nm/us_usa_housing_foreclosures_2
How to Buy Houses for 9 -15 Cents on the Dollar!
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I have access to a BULK REO program that will enable you to buy houses at pennies on the dollar. It used to be only the big money heavy hitters with a $1,000,000 plus in cash could get in that low. But now with so many REOs on the market, the heavy hitters can't do them all! My associates have convinced the liquidators to take on investments as low as only 150K.
For 150K you can get your hands on approximately 25 houses! I can set up a conference call with one of the principles... continue reading >>
Economic Crisis Solved!
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Here is a simple way to stimulate the economy, save the banks, slow or stop the forecloseure meltdown, and help out the majority of homeowners in the U.S.
The Plan:
Instead of giving the banks $819 Billion, give it to the people! Divide it among every household above a certain ratio (TBD) of house payment to income (primary residences only). Mandate that the recipients first pay down their credit cards, then apply the remainder to their mortgage.
This would benefit the homeowner by lowering their monthly payments, thus increasing their cashflow and ther ability... continue reading >>
BANK OF AMERICA SUCKS!
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Bank of America raised my interest rate on my personal credit card to 24.99% for no apparent reason at all. Evidently, there was some sort of notice sent with the bill in September along with the rest of the free magazine offers and junk. They just decided they wanted to jack up my rate to make some more money. I have a $3,400 balance and a $12,000 limit on that card. I have never been late.I called and spoke to a rep, and a supervisor who were not authorized to do anything about the... continue reading >>
The Future of RE and the Economy
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I read an article on MSN Money recently that got me thinking. It had to do with the Federal Reserve and inflation. Here is the article that sparked my thought. http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheFedEmbracesInflation.aspx
It basically stated, the Federal Reserve has been printing more paper to cover debt. They know full well that this only creates more problems down the road by leading to higher inflation. We already see that happening as the US dollar is compared to other currency like the Euro for instance.
Now I add to that, the fact that, China especially is driving up the demand for... continue reading >>
Video for Real Estate?
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I have this idea I keep coming back to and want to get some feedback on it. My day job is as a TV Cameraman in NY. I have many years of experience working for all the major networks and many shows and specials that you have seen.
My idea was to marry my two passions together. Video for Real Estate. I m not talking about shooting a guru's seminar, although if you know anyone I can put that together very easily, I mean individual vids on a per house basis.
Think MTV Cribs... continue reading >>
Get PAID More Than You Ever Imagined!
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Sometimes you need to ask yourself, "what kind of investor am I?" I am not talking about if you are a wholesaler, or foreclosure investor. I mean in the sense of why we do what we do. Some say "money", some say "I like to create win-win situations and help people." Really?
What do you do with a deal that really isn't profitable, but with minimal time and effort you can really help someone out of a tough situaion? Do you walk away because there isnt... continue reading >>
Failure is Good
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Some people are afraid of failure. But we needn't be. There is a saying that what ever doesn't kill you, makes you stronger. Its cliche, but its true.
When we fail, we learn a lesson. We learn what not to do. Its the way we learn to ride a bike, or fly a kite, or swallow a sword. Ok, swordswallowing is an exception, failure, not an option.
When a setback occurs, we must take a moment and examine what we did and then make necessary changes and try again. What would... continue reading >>
Greed Kills!
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Gordon Gecko from the film Wall Street was wrong! Greed is not good. Greed kills. Greed kills deals. Greed kills relationships. Greed kills any hope of future business even in a deal that it didn't kill completely.
Greed is a short term gain and a long term loss. As a wholesaler and as a business person in general, you will retain more buyers by giving them great deals and not trying to hit the big payday on every deal.
You will gain much more in return by leaving plenty of meat on the... continue reading >>