I Lost Big Bucks On This!
Thursday, May 17th, 2012 | Real Estate Investing | No Comments
Dang it.
My pockets are lighter today thanks to a friendly round of golf.
Yesterday I teed off with my friend, local real estate investor, SREC-follower and coach, Matt Rd. Matt specializes in lease option deals, and because of this expertise, he helps teach and train my Sharp Concepts Realty agents everything they need to know about rent-to-own properties – including how to rent and flip them.
Matt and I made a friendly wager on our game, and I’m sad to say I came up short. So, I had to open my wallet and pay up… $2.
BUT, what came out of our game of golf was so worth the cost. We spent the whole round brainstorming. We’re working on incredible upgrades to our lease option training, including Instant Cash Infusion and the Accelerated Investor Pro training program. We focused on ways to deliver cool, unique content while working our way to the greens.
So stay tuned for the results of our brainstorming and training course improvements and you’ll soon be on your way to being a lease option expert.
Here’s proof that I paid my debt. Thanks for a great round, Matt!
Parma House Case Study Whiteboard Video
Tuesday, May 15th, 2012 | Private Money, Real Estate Investing, Short Sales | 1 Comment
200 Banks at Risk to Fail in 2012
Sunday, May 13th, 2012 | Bank owned, Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
According to a recent report released by Trepp, there are more than 200 banks earmarked for likely failure in 2012. Three have already failed. Georgia has the largest concentration of those identified (41), followed by Florida (32), Illinois (24), and Minnesota (12).
The stats represent a slowdown from this same time last year, with 22 at the end of April 2012, compared to 39 at the end of April 2011. Why the slowdown? Struggling banks are being given more time to course correct, raise capital and improve performance. But, that could mean closures filtering over into next year. Bad commercial real estate loans account for over 70% of non-performing loans at the failing banks, followed closely by residential real estate loans with 25% of the total.
For the full article, click here.
Fannie Mae Avoids Q1 Bailout
Sunday, May 13th, 2012 | Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
Taxpayers are getting a little breather as Fannie Mae turned a profit at $3.1 billion, passing the $2.8 billion required Treasury payment. This is the first time since going into conservatorship in 2008 that the GSE hasn’t required a draw.
Fannie’s CFO, Susan McFarland, is anticipating continued strong performance results. “Our credit performance is headed in the right direction with significant improvement since 2009, and we expect that the reserves we have built to cover future credit losses on the pre-2009 legacy book of business have reached their peak.” Fannie lowered their reserve for credit losses by $2.3 billion, and the rate of serious delinquencies continues to drop. As for new mortgages? Tighter restrictions such as a 763 FICO score and loan-to-value ratio of 70% ups the screening process.
Read the full article here.
Rentals Overshadow Retail
Sunday, May 13th, 2012 | Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales.
“The rental market remains especially strong in areas that continue to experience consistent home value declines,” such as metro Chicago and Philadelphia. There are still problems in the housing market that are getting in the way, such as high negative equity and tons of foreclosures (including the shadow inventory). The increase in rentals is good news, however, especially for real estate investors who are attracted to distressed properties and will decrease overall inventory.
Read the full article here.
My Personal battle with Pancreatic Cancer Continued..
Friday, May 11th, 2012 | Uncategorized | 1 Comment
A few months ago I sent you an e-mail telling you about my personal battle with pancreatic cancer. Today, through the blessing of Jesus Christ – I’m a happy and healthy son, father, husband, brother, uncle and I’m 100% cancer free.
Today, I’ve taken a leadership position in fighting the disease. I’m greatly involved with the Pancreatic Cancer Action Network.
I am participating in an event for them. I have been asked to tell the crowd of over 3,000 people about my story of how I fought and overcame pancreatic cancer.
My hope is to give those who are fighting the disease hope and a voice of survival.
{CLOSE FRIENDS FIGHTING TOO}
Amazingly I also have three close friends: Matt, Mike and Ted who have all had their parents contract pancreatic cancer also.
This is more wide spread than I ever thought.
{SURVIVORS}
Last year there were 2500 people at the event and guess how many SURVIVORS were there………
14!
That’s it. The rest of the attendees were there primarily because they lost a family member to the disease.
This disease is an aggressive killer and we need support, members and capital to fight back.
{YOUR SUPPORT}
So, I humbly ask you to support me and my team as I take a leadership role and raise awareness for this organization.
The Pancreatic Cancer Action Network is a non-profit organization working to advance research, support patients and create hope for those affected by pancreatic cancer.
Visit http://purplestride.kintera.
{PURPLESTRIDE}
PurpleStride Cleveland is a 5k run and 1 mile walk at the Cleveland Zoo on June 16, 2012. Event-day registration opens at 7:00 a.m.
Please visit my personal page @ http://purplestride.kintera.
I set up this page yesterday and have set some pretty aggressive goals for raising awareness and funds to fight the disease that could have easily taken my life.
Join my amazing wife Lisa Marie, my beautiful kids Giuliana, Alessandra, Dominic “The Noocher”, my parents Paul and Pat, my brothers Mark and Matt, my family, my friends, and my team at the Pan Can Purplestride 5k run / 1 mile walk June 16th 2012 at the Cleveland Zoo.
OR donate money to this event thru my personal fund raising page. It will make you feel good either way.
Thank you for your support!
Josh
Valley Road Case Study
Thursday, May 10th, 2012 | Real Estate Investing | 5 Comments
www.surveymonkey.com/s/acceleratedinvestor
Monday Morning Money Lesson
Monday, May 7th, 2012 | Real Estate Investing | No Comments
Happy Monday.
I suggest you start your week off right.
And maybe even add some cash in your pocket before the end of the money. (Could you use an extra $5K paycheck?)
If you missed the webinar with Peter and Jerry earlier this week, this is your FINAL CHANCE to register before it’s shut down.
They are looking for a small group of “finders” to bring us underwater houses.
You bring them the deal and they take it from there.
And you get paid $5,000 to $10,000 for each house you find.
Details will be explained on the webinar.
Josh
P.S. Remember, Peter and Jerry fund these deals for you… so you don’t need any of your own money or credit. This works for “newbies” and experienced investors alike.
Register for the FINAL WEBINAR here.
My Life in Real Estate – Heights Drive
Saturday, May 5th, 2012 | Real Estate Investing, Real estate short sales | 1 Comment
Take a look at this short video I recorded a couple of weeks ago. It’s an exclusive look into my personal real estate investing business. In the video, I talk about how I was able to raise private capital to fund my real estate transactions. This is a strategy that you can use in your investing business. I received $80,000 from one of my contacts to fund a rehab project. Bought the property on auction.com for $45,500. The remaining money will be used to rehab the house. We anticipate a net profit of $40,000 and 4-5 months to complete. The investor will earn about $8,000 in 6 months. In this video I go through all the paperwork and steps involved in this transaction.
Watch the entire video here.
Anger Taken Out on Houses, Neighborhoods Lose
Saturday, May 5th, 2012 | Bank owned, Foreclosures | No Comments
Unfortunately, this is something that’s happening all too frequently. Homeowners who are in foreclosure and are being forced from their homes are not going quietly. Just the opposite – they are ransacking the place before they o.
Cabinets are being ripped out, light fixtures removed, appliances taken. Anger takes over and the homeowners don’t want to leave anything behind for the banks. The problem is this syndrome just succeeds in dragging down property values in a neighborhood even more than a standard foreclosure would. According to RealtyTrac, one in every 336 houses in Florida alone is in foreclosure. To give you a sense of the burden this places on neighborhoods, according to ABC, we as taxpayers will spend $40 million alone in cutting the lawns of foreclosed homes. No one wins.
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