For the last year, the unemployment rate has been the highest it’s been in years.  The average for the country now is around 10%.  The unemployment rate for states such as California, Florida, and Michigan is over the national average with numbers in the 12 – 13% range.  Until more Americans can get a secure and steady job, the real estate market won’t be able to gain any momentum. Read the rest of this entry »

When someone Tweets ”I want to buy a house in Tampa”
Would you like to Tweet them back with your info?

Twitter is growing insanely fast, and Twitter users are often Tweeting incredible leads ….

Check out Tweet Attacks via this link!

Real Estate marketing in twitter is very effective. Just having followers will not guarantee that you have good prospects because more often, those people you followed are bots or marketers too and not buying prospects. With Tweet Attacks anti spammer filtering Read the rest of this entry »

Since the “tax income credit” has expired, it is predicted that bank’s inventory of REO properties will begin to rise back to countless numbers.  This in turn encouraged me to take a deeper look into REO properties and wholesaling them.  Wholesaling an REO is a totally different monster then just a normal wholesale deal.  There are rules and protocols that you must follow or your chances to get these deals done are very slim.  You have to know what you are doing.

I begin to research more on REO properties toward the end of 2009.  That is when I ran across Steph Davis’ ebook entitled “Flip This REO“.  In this eBook, Steph covers every question that you have now and will have in the future as you begin to flip REO properties like pancakes!  Yes, that easy!!  Banks are now becoming more

Read the rest of this entry »

I know everyone has heard all of this talk about investors making thousands and thousands of dollars on short sales.  Well I can stand here today and tell you, from my own experiences, that it’s true.  Just from the last 30 days, we have been able to amass over $10,000 in profits from two short sale deals. 

Marketing for short sale leads and negotiating short sales are beyond the scope of this post.  But I will give you a few resources that I’m sure you will find beneficial in your efforts to find leads and get them negotiated.  My preferred method of generating leads is marketing to homeowners who are 60 days late on their mortgage.  You can obtain this list from a reputable company named Yellow Letter.  They sell Pre-NOD leads to investors and can also mail out letters to these individuals for you for a fee.   

As for short sale negotiations, I would recommend using First Choice Loss Mitigation.  They negotiate short sales for buyers, sellers, Realtors, investors, attorneys, and lenders.  You can also partner Read the rest of this entry »