Did you know that banks are holding back properties from foreclosure?  How is this done, well let me explain.  Instead of banks proceeding with foreclosing on delinquent homeowners, they modify the loans, knowing homeowners still cannot afford the property.  This drags out the foreclosure process to keep the list of foreclosures down. 

Now there are approximately 1.5 million loans in foreclosure.  There are 3.5 – 4 million loans that’s seriously delinquent that are being  Read the rest of this entry »

The concept of buying and selling real estate properties, or flipping, is indisputably one of the surest means for the accumulation of wealth.  Although the strategy involving flipping is itself short term in nature, it is not a get-rich-quick idea.  Garnering a sizable real estate portfolio is a process that can take anywhere from a few years to many years.  Currently I’m focusing on building my cash reserve using wholesaling.  After which, I’ll focus on buy and holding to accumulate wealth. 

 The patient and diligent investor who applies a well-defined and systematic approach over time will enjoy a high probability of earning above-average returns for his or her efforts.  As a real estate investor Read the rest of this entry »

In order to be a successful real estate investor, you need to assemble a winning team of professionals.  One of the most important relationships you will have will be with your real estate agents.  Top-producing real estate agents are vital elements of your winning team of professionals.  You should plan to include as many of them as possible on your team.  If an agent knows you are a serious buyer, he or she will work to bring you the types of deals you are most interested in.  As the investor, you must establish predetermined criteria that meet your investment objectives.  The better your sales agents understand exactly what you are looking for, the better they will be able to meet your investment needs. 

If you limit yourself to just one agent, then you have only one set of eyes and ears on the lookout for good deals to bring to you.  On the other hand, if you enlist the aid of several real estate agents Read the rest of this entry »

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 »