Rapid Real Estate Investing Results

The topic of real estate short sales has been a hot topic for many years in the real estate investing world.

There is an opportunity to create a win for the homeowner, the bank and for you as the investor.

See the article below discussing some of the current trends in the banking industry.

http://money.cnn.com/2010/03/29/real_estate/short_sale_explosion/index.htm?postversion=2010032914

I personally have stayed away from short sales for the past year or two because the banks have been less than helpful getting them done.  Some take many many months to get a shortsale approved.

However, there is a new trend in the banking industry due to the financial strain that these bad loans put on the bank and it’s balance sheet.

Guess what, bank regulators do NOT like to see non-performing mortgage notes on a banks books.  It looks REALLY REALLY bad and this is why we are currently seeing between 3-7 bank closings EVERY SINGLE week.  As the problem grows on the banks books, the regulators tend to get a little,  ahem edgy about it. 

The FDIC has to insure the deposits at these banks and when they see a bank going South in a hurry, they step in, shut it down, transfer the assets over to a seemingly stronger bank or create a special holding entity until they can find a buyer for the assets.

So, with bank closings increasing at a rapid pace (More closings will occur this year than we have seen at least since the S&L crisis).  See the article below on the S&L Crisis, striking resemblance to what we are going through today.

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

If you would like to learn how to start an ACTUAL real estate investing business helping underwater homeowners to shortsale their homes, save their credit and help them move on, register below for a free video below.

That video will show you how to turn many people’s lives around by helping them
get past the foreclosure trap and still be able to make money as well.

Technorati Tags: Bank negotiation

If you have not taken advantage of the homebuyer tax credt yet, you are running out of time.

Here is the deal, you MUST have a home under contract before the end of Apirl, 2010.

If you write up a contract on May 1, 2010, you are out of luck.

Check out this article from CNN Money today.

http://money.cnn.com/2010/03/30/pf/taxes/homebuyers_last_chance/index.htm

Then, you need to close on the home before June 30th (Well, actually you have until June 30th, but don’t schedule your closing for that day.  You will very likely have problems getting the deeal done.

If you are looking for a home or thinking about looking for a home, go join my buyers list and I will see if I can help you or if one of my associates can help you find a place.

I’m personally in the Cincinnati, OH area, but my network is spread out all across the U.S.

I can help if you are looking for a house to purchase with your own financing, or if you are looking for a land contract or lease option.

Here’s the link.

====>  http://www.Butler-Homes.net

See you on the other side.

Technorati Tags: First Time Home Buyer Tax Credit

So, I guess we aren’t really out of the woods yet?…  Who knew? 

Florida locales dominate FHA default list – Mar. 26, 2010

Do you think our Government should keep throwing more money at this thing and bailing out more and more banks?

We lost 4 more banks on Friday, March 26th.

That is a grand total of 41 bank closings in 2010.

Here is a link that shows you every bank closed since October 13, 2000!

===> http://www.fdic.gov/bank/individual/failed/banklist.html

Just to put things in perspective, in 2000, we only had 2 TWO! banks closed down by the FDIC.

Then, in 2001, you know, the year of 9/11.

We only had 4 banks close, none of which were in areas affected by the 9/11 attacks.  (Although, I’m pretty sure we were ALL affected by them).

That’s all for tonight, I have to hit the sack pretty soon and need to get some bookkeeping done for tax season.  Oh joy!! 

Make it a great week!

By the way, check out one of the projects I’m working on at the link below.

===> http://rapidmktresults.com

Technorati Tags: real estate financing, real estate investing

Here is a tip I know you will love and below you will find an 8 step process that you can follow to successfully build your rehab buyers list to be able to sell your wholesale real estate properties.

If you are struggling to find buyers for your rehab deals you definitely need to try this.

Find out who is buying right NOW and where they are buying.  You can likely find this in your local county records or an investor friendly realtor you may know.   (I actually use a software tool that does this for me know.  Leave me a comment if you want to hear about it).

You need to speak with these real rehab buers and find out what they are looking for.

Many rehabbers do NOT want to go digging through 100 properties to find one to rehab.  They have better things to do with their days than to go dragging themselves through dead deals.  You know, things like managing the rehab projects they have going.

Once you find out what they are looking for and where they are looking, find out if they will buy the deal from you if you bring it to them first.  Get a handful of these rehabbers and you will be able to farm deals to them all day long.  They want to know that what you are bringing them is truly a great deal.  Don’t get gready here on your pricing either.  Find out what type of work they are willing to do, how much they want to buy for and go find the deals for them.

Here are the steps.

1. Line up funding through a transactional funding source (Yes, do this first)
2. Find rehab buyers (Cash buyers or cash equivalent are the only ones you want to deal with)
3. Figure out which rehab buyers are the most active and get their buying criteria
4. Find truly awesome deals and get them under contract.
5. Line up one of your rehab buyers you found from above that wants to buy the property and sign a contract with them.
6. Purchase the deal yourself with the funding you lined up from step 1 above.
7. Then close with your rehab buyer either the same day or within a few days if your funding source will allow it. (Some will even let you hold it for 30-90 days if you have a signed contract with your buyer.  This is the type of funding you really need to seek.)
8. Shorter term is better here so the deal doesn’t go South which is why you want cash buyers that don’t need to rely on bank financing and their possible seasoning rules.

Now, obviously, there is more to it than this if you want to build a truly successful real estate wholesaling business.  I’m assuming that you already know how to value a property and know how to figure out repairs.  The above advice is meant for someone that knows how to run with it.  If you don’t know the other steps in the process, you need to learn those as well.

Start building your buyers list now though and get that transactional funding (if you need help with this, leave me a comment below).  As you build your list, you will learn a great deal from the rehabbers you speak with.  They are the most important part of the equation.  They will tell you what they are looking for.  If they don’t, move on to the next one.  Keep their name though.  You might find a deal later that you want to speak with them about.

Do not forget about a rehab buyer that you uncovered just because they were rude the first time you tried to talk to them.   Put their contact information in a database and keep as many notes about them as you can think of.

These guys get calls from people just starting out all of the time.  Keep dripping info to them to show them you are around and still working in the market.  A good rule of them here is to contact them at least 5 times.  That’s an old marketing rule.  Most people will not do business with someone the first time.  They have to warm up to you.  So, keep after it.  Call them, e-mail them if you have legitimately gotten their e-mail address, send them a postcard with a property on it, etc.

Also, don’t miss the webinar tonight where we will be discussing how you can wholesale student housing deals and also get access to Guaranteed Funding.

====> Click here for the webinar registration.

To your success,

Marshall

Technorati Tags: Wholesale real estate

With all of the turmoil in the real estate industry, where should you be looking to invest in 2010?  This CNN Money article shows where the prices are going in many major cities.

Is it time to adjust where you put your time in?

http://cli.gs/maXPRm

You will want to consider where things are in the market cycle of your area.

If you are not familiar with market cycles, I highly suggest a book by Dave Lindahl.

You should be able to find it on http://Amazon.com by searching his name.

One area I’m very interested in this year is the student housing market.

If you would like to hear more about it,  here are a few free videos for you.

====> http://rapidreiresults.com

Disclosure: I have a material connection to the site that you will be forwarded to and if you decide to purchase something after you have seen ALL of the free videos, I may be compensated.

Technorati Tags: real estate investing

OK, this is going to fill up fast so enter  your name and e-mail address here and
register  while you can . . .

Here’s what this is all about . . .

On Wednesday night at 9PM EST (6PM PST)
my friend Doug Fath is holding a special webinar,
where he tells the full story and reveals his
complete system for making Six Figures A Year
(while working just six hours a week) with
Recession-proof Student Housing.

If you’ve watched Doug’s videos (and if you haven’t, you SHOULD . . . they’re AMAZING training) you know that Doug is an OVER DELIVERER and always teaches you stuff you can use in your business . . . (The “Magic Lease” and “Guaranteed Funding” videos are my favorite.)

A LOT of people are going to be trying to get on this Webinar and I don’t want you to miss out . . .

So follow this link and register while you can . . .

Hurry. This is not a call you want to miss.

To your success,

Marshall

P.S. Doug’s also giving away a Full Boat Scholarship to his program . . . but you have to be on the call to win. Go Register NOW:

P.P.S. As Doug says over and over, “Everybody thinks investing in Student Housing is a NIGHTMARE . . . and that’s EXACTLY why it’s going to make you really, really rich.” . . . Doug’s totally blown my mind on the whole “Student Housing” thing . . . Learn from this guy. Enter your name and e-mail address and I will send you over to the webinar page as soon as you confirm your e-mail.

Disclaimer: I am an affiliate for Doug’s program.  I firmly believe in this program and it gets my highest recommendation.  I do NOT recommend products lightly.  This is a niche that I feel very strongly about myself and thought you might be interested as well. It’s clear to me that Doug knows what he is doing and this program is strong.  With that said, if you decide to purchase Doug’s program through my link, I will be compensated for the referral. Regardless of whether you buy it or not, you should get on the webinar and learn from this guy.  He is the real deal.

Technorati Tags: Doug Fath, real estate investing

I just finished reading an article on Bloomberg.com that left me scratching my head.

I guess I’m a little more bearish on the overall economy and I think stocks have risen way too fast.

Of course, for folks that have much of their retirement tied up in the stock market, this is wonderful news.  If I were them, I would definitely be pulling some of my money out of the stock market and putting it into some hard assets.  That’s just me though.  Do I think gold is a good answer for these people?  Well, this is another area that I think is “Bubble like”.

To be fair, I am not an economist by any stretch of the imagination.  However, I was forced into taking several semesters of Economics, including a course on Money and Banking.  WOW!!!  Now that one will really hold your interest when you are a young 20 something!!  Woo Hoo! 

Here is the article I was reading.

====>  Bloomberg Article

I hope that we truly are going to just pick things back up.  I know that the overall job scene could really use some good news.  I will believe it when I see the orders coming in for heavy equipment.

I still have to wonder though, will the continuing foreclosure problems and commercial real estate troubles further slow down recovery later in the year?

What do you think?

Technorati Tags: investing

Doug Fath just posted his new “Guaranteed Funding”
video and I wanted to make sure you were one of the
first to see it . . .  There is no opt-in or e-mail address required.

Just go watch the video at my link below.

====>  http://rapidreiresults.com/shfund

This is the video that shows you how to get
Guaranteed Funding for your Student Housing
deals even if you’re credit sucks and you don’t
have any funds . . .

And you’ll never even have to talk to a bank.

====>  http://rapidreiresults.com/shfund

A lot of folks have been asking Doug for this
video, and I really think it’s the best video he’s
EVER made…

====>  http://rapidreiresults.com/shfund

Check it out now and see for yourself…

Marshall

Disclosure: I am an affiliate for Doug’s product.  I fully believe in what he has put together for you and I would NOT be referring you to him if I didn’t think it was a quality product.  Do your own due diligence before purchasing anything from anyone.  With that said, if you decide to purchase training from Doug or anyone else I may refer you to in the future, my company will likely be compensated.  Fair enough?

Technorati Tags: funding solutions, real estate investing, student housing investing

Well, Friday turned out to be a very busy day for the FDIC and the banking industry.

A total of seven (7) banks were closed on Friday, March 19th.

That’s the highest number since November 3, 2009 when twelve (12) banks were closed on the same day.  Go look at the FDIC website and find their “Failed Bank List” if you want to research further.

This is the list of banks this past Friday that were shutdown.

State Bank of Aurora, Aurora, MN
First Lowndes Bank, Fort Deposit, AL
Bank of Hiawassee, Hiawassee, GA
Appalachian Community Bank, Ellijay, GA
Advanta Bank Corp., Draper, UT
Century Security Bank, Duluth, GA
American National Bank, Parma, OH

What does this have to do with real estate investing, you should start dripping your marketing to these acquiring institutions to get on their short list of investors to buy the troubled assets in their acquired portfolios.  They will NOT want to hang onto all of those garbage mortgages.

Can you say Note Purchase?  They also may have REOs that they need to get rid of quickly.  Contact them and then keep contacting them.  They will absolutely try to blow you off for a few calls until they realize you are serious.  I don’t mean to call them several times a day.  Get on the radar by calling and leaving a message every few days until you get a response.

Find out who is in charge of REOs or special asset sales.  Those are the folks you want to speak with, not the teller at the front counter.  They do not know anything about the troubled assets.  When you find the name of the person in charge of special assets or REOs, send them a short personal letter to better identify yourself.  They will likely try to tell you that all of their sales go through real estate agents.  This may or may not be true.  If they want to sell a package of deals, those likely will not be sold through an agent.  You do have to play by their rules, but these people know much better how to deal with the assets than they will let on to you over the phone.

Are you tired of Super Hot Competitive niches in real estate investing?

Check out this video.

http://rapidreiresults.com/wordpress/real-estate-investing/unbelievable-real-estate-niche-30-appreciation-over-the-past-two-years/

Technorati Tags: Foreclosure, real estate investing

Bank #31 has already closed for the year… and it’s only 4:30!!!

Usually the FDIC at least waits until closing time to shut down a failed institution.

Something must be up this Friday afternoon.

We shall see how many more go down today.

I think it was last week that they actually shut one down on a Thursday, which I have never seen  before unless the following Friday was a holiday.

I have a tip for you.

Look on the FDIC website for failed banks in your area and find out who the acquiring institution was.  Start forging relationships with those acquiring institutions because they will have REO and Non-Performing Note inventory that they need to move.  They will not give it up the first time you call, but become top of mind in those bank executives minds and you will be one of the people that think of when they have a balance sheet need.

If you would like to learn how to deal in Bulk REOs, look to your top right on the pages list and see my “Bulk REO Available” page or just click here.

====>  http://rapidreiresults.com/wordpress/bulk-reo-package-available/

There is a link at the bottom of that page for a very affordable course on how to start doing BULK REO deals.

Technorati Tags: Bank negotiation, real estate investing