September 11th, 2009
I’m a big believer in the power of positive thinking. It is an absolutely integral part of becoming successful in anything that you do. But while negative thinking can stop you from reaching your goals, positive thinking alone won’t get you there. You must do the work.
Someone once wrote, “The world is sown with good; but unless I turn my glad thoughts into practical living and till my own field, I cannot reap a kernel of the good.” You need to till your field, and you need to do it with a great attitude. When positive thinking is combined with hard work, you are virtually unstoppable. Read the rest of this entry »
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power of positive thinking, real estate investors
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Posted in Real Estate | No Comments »
September 8th, 2009
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 »
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exit strategy, quick turn short sale, real estate investing tips, short sale
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Posted in Investing Tips | 2 Comments »
September 6th, 2009
A key element to being successful in the real estate business is having the ability to fund your deals once you have secured them with a purchase agreement. If you find tons of deals but have no way to fund and close them you are never going to take advantage of your opportunities. You would be like a fisherman without a pole. A golfer without any clubs.
There are many ways to fund real estate deals. You can either buy real estate to hold long term in your portfolio or you can quick-turn houses for fast profits. Whatever you choose to do you are going to have to fund these deals to start the money making process. There are tons of ways to fund and close real estate purchases. Here are a few of them: Read the rest of this entry »
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finance real estate deals, fund real estate, hard money, Private Money
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Posted in Financing | 2 Comments »
September 4th, 2009
Wholesaling real estate is not a walk in the park. Due to the constraints of the economy and the bad rap that bogus investors have given the business, it is getting harder and harder for an end buyer to get financed.
When a wholesaler gets a property under contract, they normally sell the property to an end buyer by assigning the contract or receiving a fee from the end buyer to purchase directly from the seller. But in some situations, such as a short sale, the wholesaler must purchase the property first in order to fulfill the arrangements made with the foreclosing lender. This simultaneous closing transaction is structured something like this: Party A (lender/seller) sells to Party B (wholesaler), who in turn sells to Party C (end buyer) Read the rest of this entry »
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investing in real estate, simultaneous closing, wholesale real estate tips, wholesaling real estate
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Posted in Investing Tips | 2 Comments »
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