Next Wave of US Defaults
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I was on a webinar last night and they popped up a graph showing the next wave of US defaults on ARMS, option ARMS & subprime, etc.
We are in a lull before the hurricane coming mid-2010. If you deal with REOS, short sales, etc. there will be plenty coming up in the next THREE years!
For cash buyers of real estate, this is a bonanza. For the country, economically, it is a major catastrophe.
paul.kedrosky.com/archives/2009/02/10/next_wave_of_us.html
While this is from a February 2009 article, I don't think the underlying numbers have changed that much.
Best regards,
... continue reading >>
Video Viral Marketing for FREE
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There is a new tool on the web which allows you to use a FREE Video Viral Marketing tool. You can easily create videos from your computer and use them in email campaigns or on your web site. It also has a fully functional autoresponder and email campaign manager.
You can use for a variety of purposes.
Check out a demo video at:
http://www.geocities.com/steven.currie/
Best regards,
Steven Currie
931-648-9813
stevencurrie2@bellsouth.net
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Market Analysis Tool to easily Quadruple your ROI%
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I have come across something that every investor needs to look at. It should give you the tools to easily quadruple the ROI % on your real estate investments.How would you like to know exactly which markets in the U.S. are the hot ones right now? What if you had a tool that could tell you which cities and real estate markets that will have rapid appreciation in the next few years? And not only when to buy, but a clear signal when to sell. What if you had solid data to show that the market in... continue reading >>
Foreclosure & Home Equity Article
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This is an excellent article on the state of the housing market, with estimates on foreclosure and how much equity Americans (don’t) have left in their homes.
It is an AP article that was in our local paper, but it has national data and implications.
Feel free to pass this link to the article on to your friends and associates. It is one that anyone in the real estate or REO arenas needs to read.
http://hosted.ap.org/dynamic/stories/H/HOUSING_WOES?SITE=WDUN&SECTION=HOME&TEMPLATE=DEFAULT
Best regards,
Steven Currie
931-647-4333
stevencurrie2@bellsouth.net
Dan Auito's RE Yellow Pages
Download a copy of Dan Auito's RE Yellow Pages book.
It is free. Feel free to send it out to friends.
Here is the link.
http://www.mywaytofreedom.com/z1/DanAuitoREBook.pdf
You can save it to your computer. Click on File then Save A Copy in the Adobe Acrobat reader.
Best regards,
Steven Currie
931-647-4333
stevencurrie2@bellsouth.net
$4.5 mm Price $30mm Appraisal
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1/18/08 - $4.5 Million REDUCED FOR SHORT SALE!!!
C-7
Coudersport, Pennsylvania.
I have a BRAND NEW unoccupied commercial office building
on over 3 acres of land in Pennsylvania.
It was built in 2004, and there are no financials available.
Appraised at $30.500.000.00 Million.
Price is $7.625.000.00 Million - 25% LTV
This must be a cash deal with $1 Million in escrow.
There is an appraisal from 11/2007 available with NCND agreements.
1/18/08 - $4.5 Million
PRINCIPAL IMPROVEMENTS:
A 72,056 SF 3 Story with 4 floors Office... continue reading >>
Office Tools - Free Conference Calling & Internet Faxing
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Here are 2 great home office tools for you. Free Conference Calls & Internet Faxing
Free Conference Calls
Most people probably have a 3 way calling option on their home or cell phone. But when you need to do a conference call with 4 or more people, you need a regular conference calling line. Free Conference calls is a great option for this. You can sign up for free at:
http://www.freeconference.com/Home.aspx
The one I signed up for was the Conference on Demand option on the right side of the home... continue reading >>
Leveraged Line of Credit for REO Purchases
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Attention REO Portfolio buyers/agents
Leveraged Line of Credit for REO Purchases
This presents a new strategy. Buyer will put a minimum of $100M into an Escrow LLC held at a specific bank. 80% of that will be used to leverage 3:1. $100M will buy $240M & the other 20% will be used as working capital – rehabs, BPOs, etc.
The cash deposited AND the newly acquired assets all become collateral for the line as well as these assets are acquired. As the assets are then sold, the release provisions will be met... continue reading >>
Nifty purchase offer calculator
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Here is a link top a nifty purchase offer calculator. You enter the After Repair Value, and the estimated repairs, and it will give you an offer based at 65% LTV. It will automatically calculate estimated closings, so you don’t forget to include them.
There is an entry line for an optional assignment fee, if you plan on wholesaling the property.
There is even a short video on how to do it.
The link to that calculator is:
http://www.thebaltimoreinvestor.com/forum/read.php?2,6
Best regards,
Steven Currie
931-647-4333
Pay Off Your Mortgage in... continue reading >>
Home Sales Rise; Prices drop
Good AP article in today's paper:
tinyurl.com/ndujo7
Best regards,
Steven Currie
stevencurrie2@bellsouth.net