Archive for the ‘real estate investing’ Category

Will foreclosures increase or decrease in 2012?

This is a startling statistic and it will likely surprise you, especially since I keep hearing the media speak of the so-called “recovery” and “stabilization” in real estate and because the media seems to think foreclosures are getting better.
Up to 9 million homes may enter foreclosure in the 2012 period,
versus one million in a typical year.
This will send shock-waves through the stock markets and world economy.

It may well be the “dark ages” for homeowners and lenders
alike…and the wave of mortgage re-sets will continue in a
relentless onslaught…with no mercy!

This can equate to 500 billion in lender losses…

Check out this chart from a huge Euro Bank that shows when
the resets are happening for all the exotic mortgages:

1.7.jpg

 

 As you can clearly see, we are entering the last (HUGE) wave
of foreclosures right now. All of these resets will cause
foreclosures in 2012.CLICK HERE to find out how to make money from this
situation
The ARM’s, Option ARM’s, Subprime and Alt-A will be the main
casualties – but the contagion will spread into the prime
classes too!The “Too Big to Fail” banks are under the gun for the shady
practice of “robo-signing,” which covers a wide range of
foreclosure paperwork abuses. This serious “mess” has
launched massive legal probes around the country, including
an investigation led by an angry hive of state attorney
generals which reportedly could end up costing banks upward
of $20 billion in settlements to ripped-off foreclosed
home-owners.

The big lenders will be in the “hurt locker” and desperately
seeking investors willing take distressed residential and commercial
properties off their books…as soon as possible!

As you know, 60% of all Option ARM and ALT-A mortgages that
were originated in the “Sand States” -California, Nevada,
Arizona, and Florida began to adjust in 2009. And I’ve got
news for you…

It’s not over yet by a long shot…

In 2012, it’s going to go through the roof, impacting the
entire nation with pre-foreclosure and foreclosure activity.
Many of the major lenders will hold vast amounts of toxic
foreclosures…and are on the edge of extinction. They are
doing a wild spin into C-, D- and finally E- credit ratings
- and that’s end-game.

2.7.jpg

This massive shift has created a huge opportunity for real
estate investors in 2012. Now is the time to tap into this
massive opportunity.

Go here to get the rest of the story:

http://rapidreiresults.com/foreclosurewave

Do not ignore this opportunity or you may regret it for the
rest of your life.

To your continued success,
Marshall
PS: Go here to watch a video that explains the entire
situation and how you can partner up with the nation’s
biggest foreclosure investor:
So, what do you think about the world of foreclosures going forward in 2012 and beyond?

5 Real Estate Investing Videos

I have 5 Free videos for you to watch today as we kick off a BEAUTIFUL day.

These videos will show you how to become a true Transaction Engineer in today’s real estate market.

Go take a look at these 5 Real Estate videos today.  They will not be available for free for long.

http://RapidReiResults.com

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Cautionary Real Estate Tale for Spring Time

If you own real estate as a rental or even just as your home, make sure that you check the functionality of your sump pump.

I recently had two sump pump “incidents”.

One was in my own personal residence.

The other was in one of my rentals.

My personal residence has been working just fine and I even have a battery backup pump that I knew was working because I’ve tested it in the past month.

However, I had a problem with the battery backup unit the other night and thought it was just due to low water in the battery.

What can I say, it was late and I didn’t check it closely enough.  I woke up the next morning and our basement was flooded because the backup pump could not keep up with all of the water and the main pump had failed at some point the previous evening.  So, I spent most of the day cleaning up the mess and replacing the failed pump.  (I’m still not happy with my current setup and will be returning the pump I bought and buying a different type).

The second incident was not as major of a flood as my personal house, but still a hassle.

The second issue was caused by a circuit breaker tripping because the sump pump was not on it’s own circuit.  Now it is.

My advice, check your sump pumps regularly and make sure you know what circuit it is running on.

If you have rental properties, be sure you train your tenants on how to check the sump pump functionality, where the circuit breaker box is (They should know this already as you should be doing this upon move in).

You can also include a reminder with your monthly billing statement for your rental real estate.

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Wholesale Real Estate Blueprints – Free Download

As you may know, my primary real estate focus for the past year and a half has been on the commercial funding side of the business.

However, I still have a portfolio of  SFR houses.

Whenever I get a vacancy, I crank up my marketing in that area and get a ton of potential buyers calling, registering on my website and e-mailing me.

Problem is, I only have 1 or 2 SFRs at a time that I need to fill.

Well, what the heck should I do with all of those other leads, just flush them because they don’t want what I have?  No friggin’ way.  I find someway to use those leads.

Here is what I do and you can too even if you still haven’t taken the plunge into real estate.

Either way, go check this out below… you might learn something that will change your biz forever.

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

You see, my buddy Zack just made an announcement:

Making money is officially no longer difficult! Not when a raw rookie — a preacher, in fact — does an $8,000 deal with just a cell phone and a couple of local car rides…

…in one single week! And when you see how easy it is, you’ll know it’s something you could do with your eyes shut.

You gotta check out this thing for yourself. It’s an amazing education you can use to make a few quick grand, too!

Just click the link below to get this — and five other fast wealth-building strategies — for free!

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

But there is a catch: (you knew there would be!)

You got to download these strategies now. Because they’re only going to be available for download for a few short days.

Then they’re gone.

So click the link below now, while you still can get them at no charge!

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

Talk soon,

Marshall

P.S. I almost forgot to tell you — these are actual blueprints of the six different strategies Zack uses in his real estate investing every day. And he’s built a million dollar a year business with them! Get these at no cost to you, while you still can:

http://rapidreiresults.com/blueprint/

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Hire an Army of Free Employees

For the last couple of days, I’ve been telling you about some free videos about how to “hire” your very own free employees.

The videos are all about how to get free employees for your business.

They were created by my friends, Justin and Dreama Lee.

The response to these videos has been
overwhelming.

http://RapidReiResults.com/employees

People are going nuts, wanting to know how they too can hire their own free employees… whether this is actually legal… and whether it really works.

These questions are all answered in the video they’ve just released today…

http://RapidReiResults.com/GetFreeWorkers

In today’s video, the dynamic duo of free employees present actual case studies…

*  Showcasing entrepreneurs who are
succeeding wildly with their own internship programs

* Talking to interns themselves about how they feel about being part of this process (here’s a hint: they love it!)

* And even “pulling back the curtain” on their very own business, showing exactly how interns impact their day-to-day operations.

You’ve got to get your hands on today’s
video. And fortunately for you, just like all the other videos in this series, it’s absolutely free.

http://RapidReiResults.com/getcheaplabor

To Your Success,

Marshall

P.S. What’s the first thing you will have your new free employees do for your business?

DISCLAIMER:
If a product or service is mentioned or referred to in this email, you should assume that we either own it or are promoting it as an affiliate or because of another material relationship/connection.

Now go get your free employees!!  :)

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How can you get a quality assistant and pay nothing for them…

As entrepreneurs and small business owners, we often have many more things on our plate than we can handle.
I’m sure you have said to yourself, “If I just had an assistant that could take care of THIS”.

In fact, you may have even taken on some employees or have a virtual assistant. You probably still have things that are not getting done.
Important, but not critical tasks. Things that you know would help grow your business but you just don’t have the time to get them done.

You’ve probably debated if it would be worth it to bring on another employee or contract out the work but you might not want to go to the expense.

See, this is where we have all forgotten about something big businesses know and take advantage of.

What if you could take on an extra employee or two but not have to pay them?

That’s right, what if you could get a free employee?

Go check out this video to see how you can get your very own free employee.
No, this is not some scam and it’s not some new government program.
Take a look at what my friend Justin and his wife are doing in their business.
http://RapidReiResults.com/GetFreeWorkers

I’ll admit, when Justin first told me about this, I was thinking no way this is working.  I thought he must be hiring virtual assistants from overseas.  (You can get some good ones but they still cost money. )

These are Free Employees.

It’s like virtual assistants on Steroids.

Justin said that it definitely was not outsourcing to overseas firms.  He told me that these are smart, well educated folks that…

well, just go watch the video, he will tell you all about how to get your very own free employee and why they will be more than happy to work for you…

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Are We Missing The Point With All of The Banks?

Today, Bank Of America announced they were putting a Halt To ALL Foreclosures in ALL 50 states.

http://www.bloomberg.com/news/2010-10-08/bank-of-america-extends-freeze-on-foreclosures-to-all-50-states.html

This is incredible.  I sense another bailout request rearing its ugly head due to this situation they have put themselves in.
It seems to me the only banks that aren’t worried about this potentially illegal or fraudulent foreclosure filings are the smaller community banks… you know, the one’s that don’t have any of our TARP money and are WAY more likely to be shut down by the bank regulators.  This is just one more reason we should not be propping up the “Too Big To Fail” banks.  They have no clue what is going on in their own organization.  How could any outside regulator possibly understand the complexities in these giant banks.  I think they are all wrought with fraud and illegal procedures that the public may never hear about.  I say “Bring them back down to a sensible size.”

We should be promoting more community banks, not less of them.

I recently wrote an article about this very topic right here on my blog.

The only reason the smaller banks are getting shut down every Friday is because no one helped them out with TARP money.  If they were able to get access to some “FREE” money just like BAC, PNC, ALLY/GMAC, and 5/3rd. etc., we wouldn’t already have 129 failed banking institutions in 2010.

Go read the article on Bank Of America halting their foreclosures and then leave a comment below or click here if you don’t see the “Comments” section and then scroll to the bottom of the page.

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How to Vet Out Your Lender…

After getting beat up by traditional lenders, I started searching for alternative lending sources.  Hard Money, Private lenders, and bridge lenders.
I had many colleagues having the same issue with traditional lenders.
Since this is such a common issue right now, I developed strong relationships with a couple of preferred hedge funds to help get deals done.

You must be careful who you deal with in this market of “Alternative Lending”.  You need to be sure whomever you work with is not out to just get an upfront fee.
Additionally, you need to find out where the capital is coming from and you want to make sure that lender has the capital on hand, not just “committed capital.”  These types of loans are scrutinized heavily and there is much due diligence that goes on for a commercial property.
You should also perform your own due diligence on your potential lender, the good one’s will expect that and will be more than happy to prove it to you.

Think about this, if you let your EMD go hard, you better be sure that the lender you are working with can actually fund your deal.  Once that EMD goes hard, you are going to lose it if your lender can’t come to the table with the capital.  How would you like to lose a 250K earnest money deposit because you didn’t do your own due diligence on your lender?

Here are two quick points that you can do once you have an agreement from your lender that they will do the deal.

* References – Ask for references of recent deals similar to yours that they have successfully funded… make sure they are recent.
* Proof of Funds – Ask for a proof of funds letter.  Most frequently, this should be on the lender attorney’s letterhead.

Those two steps will save you a bunch of heartache.  There are other ways to vet out your lender, but these two are the most important steps.

I am now sourcing deals for several hedge fund lenders that focus on commercial real estate backed bridge loans.
If you have a project that you need funding for and have been turned down by traditional lenders or just know that they will never fund it and you don’t want to waste your time, I would be happy to discuss your deal and see what program it may fit into.

Even if you have a deal that may be able to be funded by a traditional lender, bridge capital may be your best option if you need to get a great deal on a distressed property.

Traditional lenders take typically 90-180 days or more to fund a commercial deal.  Contrast that with a bridge loan which can be closed in less than 30 days.

If you were a seller, would you rather get your money in 30 days or 180?  Many lenders for REO properties can not wait that long for a property to come off their books.

With this in mind, whom do you think is going to get the best price on an asset, someone with quick close bridge capital or someone with a traditional lender that will have to wait to get funded?

Some borrowers that have been offered principal reductions on their current loan can not even go to a traditional bank.  If the FDIC has the loan from a failed institution, they may require that they be taken out by a Non-FDIC insured institution.  This is another area where a bridge lender excels.

Once you have taken down the asset with bridge capital and the property is stabilized, then you can refinance into agency paper for a better rate and longer terms.

The bridge lenders I work with do NOT charge upfront fees.
I have a capabilities presentation you can review.
They will provide the proof you need to vet them out.

Leave me a comment here to discuss your commercial loan request or download your report at the link below and then get in touch with me.

Marshall

http://GetCommercialFundingHelp.com/bizloan/

You need to know this information on how to vet out your real estate lender.

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Is Bulk REO Investing Right For You?

Please read this entire post because I want you to know what is going on..
I’m trying to stay pretty low key with you, but I also want to remind you of something before you take off for the long weekend.

This is me writing to you because I’m genuinely concerned about where we are heading.

The other day I let you know about a report that I’m offering to folks looking for commercial real estate funding or business funding.

Even if you are not looking for commercial or business funding, I would recommend checking it out.  I think you will get some great ideas even for a residential loan request.
I can not help you right now with funding on residential (I’m working on it though), but I think it has some great ways to help you out, just translate it to what you want funding for in residential and then take that to a local community bank, private lender or hard money lender.

http://GetCommercialFundingHelp.com

Leave some comments on my funding blog once you have a chance to look it over.
Go to the first link up there for the report and then leave your comments at the second link.
Please Leave Your Comments over here
http://myrealestatefunding.com/blog/commercial-real-estate/who-else-wants-to-know-how-to-get-your-commercial-real-estate-loan-request-approved
____
Now, back to my “Decision Time” subject.
Why decision time?

118 bank failures this year.  It’s only Sept. 3rd!!!
Last week the FDIC took a break from the shut downs.
I would not be surprised if they take a break tonight either since it’s a holiday weekend.
If they do, watch out next week bankers!!!
I heard from someone very close to the financial “Experts” the other day that over 1012 banks are on the FDIC watch list right now.

That’s after we had
2008 – 25 failed
2009 – 140 failed
2010 – 118 failed (and still counting)

Still over 1000 on the watch list?  Ouch!! That is a big number considering there are only 7932 banks insured by the FDIC.
To be sure, no one really knows how many are on the “Watchlist” exactly except for the FDIC and it’s cronies.
Compare today with the S&L crisis from 1989-1995 – 747 “Resolved” or closed thrifts with over $390 billion in assets.

We have 283 closed banking institutions in our current crisis and it is FAR from over.

Don’t believe me, here is the FDIC failed bank list.
http://fdic.gov/bank/individual/failed/banklist.html

This is a very interesting article written in the Wall Street Journal two years ago on Sept 17, 2008.  It discusses the crisis as it was unfolding then and what the writers believed should be done about it.
http://online.wsj.com/article/SB122161086005145779.html

Here is the wikipedia article documenting the S&L crisis of the late 1980′s.
http://en.wikipedia.org/wiki/Resolution_Trust_Corporation

Well, listen, the world is not going to end today or any day soon if you don’t get in to Bulk REO.  I firmly believe this is a great opportunity for right now though based on our current economic environment.  You need to be buying as low as possible and offering either very competitive rental rates or very competitive wholesale prices to the rehabbers in your target market.  I can’t think of any way to do this consistently or more efficiently other than through Bulk REO.

To be VERY CLEAR here.  Like anything in life that’s worth ANYTHING, this takes WORK!!  Your banker is not just going to roll over and hand you the keys.  You need to know what to say to get them to talk.  It takes negotiation skills too, but you use those everyday anyway right?  Wouldn’t you rather negotiate one big package rather than one individual house?  Your efforts will pay off MUCH better.

Let’s also be clear about THIS.  NOBODY is paying retail anymore.  We have too much inventory everywhere.  Housing starts need to stop until existing inventory is absorbed by the marketplace by new households, new families, people moving back out of Mom & Dad’s place, etc.  So, if you want to make anything, you need to be buying stuff on the super super cheap.

If you are looking for a way to really make an impact in your real estate business, then this might be what you are looking for.  There is no doubt in my mind that banks need the help of smaller investors to come in and help them dispose of blocks of properties quickly.

If you could pick up 10 houses for even 60% of their “As Is” current value, meaning you already have a 40% discount even if a rehabber was to buy it from you to fix it up, do you think that would help?  There are ways to slice and dice bigger packages into smaller packages, basically wholesaling packages of deals to small investors that want to maybe pick up 5 or 10 houses to rent out.

It’s like you being the wholesaler to Costco or Sam’s Club.  You sell to them in bulk, then they sell at a discount in a little less bulk to someone else. It’s called the Distribution Channel and it’s a necessary part of any business.  You can become one of the links in the distribution channel or you can continue to be toward the end of that channel.
It’s up to you. The banks go ahead and list properties all day long for 90% of As Is value.  They don’t sell… they sit there forever unless a homeowner comes in and thinks they are getting a great deal.  Bulk REO is the way for you to tap into the “Shadow Inventory” that the bank doesn’t want to put on the market yet.  They don’t want to flood the market.

In many cases they don’t even want to take title to the property.  That’s where you get into non-performing note buying as well.
The reason they don’t want to take title is because then the bank becomes liable for anything having to do with the property.  I’m totally serious, I have had banker’s tell me that is what they are doing.  One that I dealt with had 30 houses in one portfolio of one owner.  The guy defaulted on all of his mortgages and was still taking money from people in cash for their first month’s rent, then he would disappear and not pay the bank.  No background checks, no application, nothing, for ALL 30 houses.

Imagine what those houses looked like when the bank started to investigate!!!!

They were a total train wreck.  The bank did NOT want the responsibility of those houses.  They were all in deplorable condition.  We could not come to terms with them because the trustees at the bank couldn’t swallow the loss that we were wanting them to take.  Not sure what is going on with those right now.  This happens every day of the week.
If the bank doesn’t take title and they just let it sit there, vacant and deteriorating, the mortgage holder stays on title and is technically still responsible for anything that happens at the property.

But I digress. Earlier this week I told you about two options that you have out there to learn how to do this.
I’ve taken enough of your valuable time today, so briefly, here are some highlights about the two programs I told you about.

My friend Susan has her Bulk REO program.
http://MyBulkReoSecrets.com

It’s a solid course and is less than $200 right now.  (This could change at any time, but as I write this e-mail, on the morning of 9/3/2010 it is still under $200).
Susan believes in empowering you to go out and do this stuff on your own.
It’s very much a do it yourself program and she shows you how to find the packages and how to find people to buy Bulk packages from you.

It’s possible that you want more than what she has to offer.
Download her report at that link up there and then compare for yourself what Kenny has put together for you compared to Susan’s program.  Several of my subscribers jumped on Susan’s program earlier this week.  If you did and we haven’t talked about it, please let me know.  (Yes, I get credit for the purchase and will probably be able to take my wife out for a half a dinner at some point because of it.  :) )

Kenny Rushing announced a price slashing and a payment plan the other day for his Bulk REO Trader Secrets program, actually right after I sent you my last e-mail.  (Notice I didn’t send you 18 e-mails about it like some people did, informed, not overwhelmed, that’s what I’m going for here).

http://rapidreiresults.com/bulkreo

You have 30 days to check it out and if you aren’t happy, you can return it.  He also offered a 6 month, do your first deal and get double your money back offer.  That is a very cool offer and Susan does NOT have anything like that.  At less than $200 though, she is not making enough to be able to do that.

One of the big differences between what Susan is doing and what Kenny is doing has to do with their business focus.  Susan is into many different aspects of real estate.
Bulk REO is NOT her only business.  It is something she knows a great deal about though.

Kenny is 100% into buying bulk REO and part of the advantage of him doing this is he’s wanting to increase his deal flow.  If he can get 100+ people sending in Bulk packages for him to look at, naturally he is going to be able to do more business. Thus, the double your money back offer.  Pretty cool if you ask me.  You might be thinking, why don’t I just submit deals to him and not buy the program?  Great question!  His focus is to make sure you know exactly what you are doing so you aren’t wasting his time or yours chasing and submitting junk deals.  If he has say 100 deals sent to his team, he’s got to pick the best ones to work on.  This training will show you how to not only find the best deals but the best way to present them to the fund that will potentially buy them.

So, in closing, if you think it’s something you might want to get into, at least go grab Susan’s report and watch her first video to see what it’s all about by clicking here.
http://mybulkreosecrets.com

Then, go take a look at Kenny’s offer and do your own comparison, your own due diligence, and see if this is right for you.

http://rapidreiresults.com/bulkreo

I hear that he is closing it down tonight so he can get back to focusing on his main business and helping the new students out.  Teaching takes a ton of time and that is why you always see hard deadlines for these programs when they come out.  It takes a good bit of time and money to put these training programs together.  If they can more efficiently deliver it to folks at the same time rather than having 5 people start this week, 5 next week, 5 the following week, so on and so forth, then that is pretty smart I think.

You don’t want to learn this stuff from someone that is just a professional trainer.  You want to learn it from someone that is doing it every day as their main business.  Kenny’s focus has to be on buying Bulk REO, not on teaching it.  He has a fiduciary responsibility to his fund investors to keep the business moving, not get too distracted with other stuff.

I hope this has helped you be a more informed consumer, whether it is for Bulk REO or for your funding needs.

Also, if you know of a great commercial property that is for sale, let me know.  We are currently looking for strong commercial properties and performing commercial real estate notes.

To your success,

Marshall

P.S. Don’t forget to leave a comment on my blog here.

P.P.S. I will be hosting a webinar soon to show you how to use your retirement funds to invest in real estate without getting a penalty from the IRS.  Can you imagine how quick you could build your IRA if you could flip a few deals in your retirement account… especially in a Roth IRA.

Quick links update for this post.
http://GetCommercialFundingHelp.com/funding <—- How to get your funding approved.

http://rapidreiresults.com/bulkreo <—-  Link to Kenny’s program if you want to see it.

http://MyBulkReoSecrets.com <—- Link to Susan’t report that I HIGHLY Recommend.

Make it happen!!

:)

Disclosure: This is a commercial message and you should assume that if you purchase something from one of my posts or from a link you click on from this site, that I will be compensated in some form.
I only post links for products I have check into thoroughly or am already using myself.  My posts also contain valuable info that won’t cost you a dime either though,
so stay tuned.  :)

You CAN Make Bulk REO Investing and Trading your business.

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Should you be checking out Bulk REO investing?

If you are brand spankin’ new to real estate, I would say no, you absolutely should NOT check out Bulk REO or commercial real estate for that matter.

If you have been around real estate for a while now, and you are looking for better, bigger discounted deals, then yes, this is what you should be looking at.

The typical rehabber should not be looking at bulk REO deals unless they want to get out of rehabbing or if they have a great rehabbing team that they don’t need to stay on top of things 24/7.

In fact, if you want to check out Bulk REO deals, go grab this free report.

http://mybulkreosecret.com

It’s the real deal.

I have been working with a couple of hedge funds for the last year and they are HUNGRY for these deals

You can also see my thoughts on using BULK REO investing to become the toll booth for bargain real estate in your market.

http://rapidreiresults.com/wordpress/real-estate-investing/using-bulk-reo-pools-to-become-the-toll-booth-for-your-real-estate-market/

You find the BULK REO deals, they buy or fund them for you.  Good deal in my opinion.

Check out Bulk REO Investing here

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