What's Your Favorite Line from the Real Estate Sales and Marketing Epic "Glengarry Glen Ross"?
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Mine came from Alec Baldwin, who played the role of Blake, the alpha sales dog corporate dispatched to the office to to motivate the team to action, despite the their ongoing struggle with leads as lukewarm as the cup of joe a haggard Jack Lemmon poured into his cup. "Put that Coffee Down!" Baldwin barks at Lemmon, "Coffee is for Closers Only!"When I first saw this movie, I was a little green in the business and it blew me away. Nearly two decades later, I'm still drawing upon its bare-knuckles illumination of real estate marketing and sales in... continue reading >>
What Happens When Hitler Takes out a "Liar's Loan"?
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I just posted what may be the funniest video I ever share with anyone on my Blog at GaryBoomershine.com/blog. I wish I could post it here, but since I can't, I wanted to at least mention it in this forum.
This video features history's most notorious dictator slipping underwater with an adjustable rate mortgage (ARM), a property that has lost 45 percent of its value and no way to refinance his home loan. Watch as this fascist gets sucker-punched by negative equity, the credit crunch and foreclosure.
I hope you enjoy watching as the real estate bubble bursts over this... continue reading >>
Foreclosure Data Trends Emphasize the Need for Strategy, Innovation in Short Sale Arena
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The news about rising foreclosure rates is persistent in many markets because even the most credible data released drips more red ink than the slasher flick “Nightmare on Elm Street.”Nowhere is this scary phenomenon more prevalent than in California, where ForeclosureRadar’s report on the state’s July foreclosure data reveal that lendersin one month took a record $12.55 billion in loans to foreclosure auction.
As long as California is auctioning more foreclosures than McDonalds is selling burgers, real estate investors with an appetite for wealth will want to keep an eye on the distressed property arena.
While many more seasoned... continue reading >>
Shocking Negative Equity Stats by State
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20% of U.S. Mortgages in Negative Equity as More U.S. Homeowners Slip Under Mortgage WaterThe trend heading into the holidays seems to be one of growing unemployment and a rising tide of homeowners drowning in mortgage debt.
An Ironic wist on a Familiar Story
The U.S. Bureau of Labor Statistics’ October report finds that unemployment last month soared to a 14-year high of 6.5 percent, as 240,000 jobs were slashed. Yet the Orange County Register’s Mortgage Insider, Matthew Padilla has made an interesting observation. He sifted through the data to report that in September, 352,200 workers were making... continue reading >>
Mining for Truth in Real Estate Investing
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I’ve heard a lot of talk from self-proclaimed real estate gurus out there that homeowners are willing so sell their properties at 30 percent to 60 percent below value to real estate investors on the very first call. This is a pervasive myth that needs to be shattered. Right here. Right now.
The truth is that sometimes, if they do enough marketing, an investor will get lucky and a stray seller will discount their property on that first phone call. However, statistics show that effective sales negotiations take a lot more effort to pass that mustard.
The Facts About... continue reading >>
Tonight: Dodge These 6 Punches & Be an REI Heavyweight Contender
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With the right strategy for Buying and Selling Real Estate, you can give this business your best shot. But unlike a Champion Boxer, you’ll still have all your teeth when you’re counting your Winnings!
Last week, we looked at some of the classic mistakes from Larry Goins' "12 Deadly Mistakes Even Experienced Investors Make and How to Avoid Them" ebook that real estate investors should avoid.
Buy like a Butterfly & Sell Like a Bee
In his former life as a 9-5 working stiff many years ago, Larry sold stocks and bonds and has his Series 7 and... continue reading >>
Do Your Spreadsheets Look Like a Trailer for Saw V?
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Avoid These 6 Deadly Mistakes that Kill your RE BusinessThe real estate investment business is tough no matter how much experience or practice – or patience a real estate investor has in working with today’s fickle markets. That’s why I’ve arranged a teleconference with one of the best creative thinkers in the business, the real estate entrepreneur extraordinaire and engineer of the Ultimate Buying and Selling Machine, Larry Goins.
Get your Operations Manual for Success!
Like me with SalesTeamLive, Larry has created a system that allows you to automate your business and outsource the hard work. And he’s crammed... continue reading >>
Are You Building your RE Business on Fact or Myth?
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I’ve been hearing a lot of buzz about the future of the markets from real estate gurus, zealots and cynics. And with all the insanity we’ve seen on Wall Street over the past several months, it’s no wonder why everyone’s talking. But since a lot of folks I’m hearing from seem to need some help separating fact from myth when it comes to talking seriously about the future of U.S. real estate markets, I thought I would share my thoughts with the community on this Blog.
The Best Moneymaking Facts Often Hide in Myth
Let’s say a ship is in... continue reading >>
Tim Mai Survives Pirate Attack, Realizes Dreams and Wants to Give Away $30,000
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At age 11, Tim Mai and his brother fled war-ravaged Viet Nam and its Communist regime in search of a life full of promise, hope and opportunity.
“It was very scary, having to leave our parents for the first time,” says Tim, who tells his story in the first part of Virtual Vesting Fortunes on-line video series. “We couldn’t just leave, we had to escape. Each night, my brother and I would crawl through the mud to get a little closer to the ports. Finally one night we made it to the port aboard a fishing boat. There were... continue reading >>
$700 Billion Bailout Celebrated With Lavish $800 Billion Executive Party
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Here's an excerpt from an awesome article I just read. It reads amazingly like a Wall Street Journal report ... It's almost SHOCKING!"Amid the bleak backdrop of imminent economic collapse, worried observers got some good news last October when executives from the nation's top 10 failing companies celebrated the historic $700 billion government bailout with an ultra- extravagant $800 billion party aimed at restoring confidence and bolstering their resolve....
In a sign of the new era of financial responsibility ushered in by the bailout, the CEOs estimated that they came in a full $100 billion under the... continue reading >>