The Awesome Life of a Real Estate Investor
Wednesday, March 10th, 2010 | Uncategorized | No Comments
Can you answer this question: Why are you a real estate investor? Why did you choose this path in life? Some days it’s easy to get caught up in the details and forget what got you motivated to run your own business in the first place. If you take a step back every once in a while, you’ll quickly remember the reasons that make your choice the most awesome!
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Weekly Kick-Off
Sunday, March 7th, 2010 | Bank owned, Foreclosures, Real Estate Investing | 6 Comments
This Week’s Topics:
- Fannie Mae Looking for More Money
- Delayed Evictions Let Many Live for Free
- Homeowner Tax Credit Not Helping Home Sales
- Five Factors That Will Impact the Future of Housing
- Top Ten Cities with the Biggest Rent Drops
- Vacant Second Homes Means More to Sell
- Rentals Mean Long-Term Profits
How Awesome Are YOU?
Friday, March 5th, 2010 | Uncategorized | 22 Comments
I’m sitting here having breakfast with the team and staff at Strategic Real Estate Coach. But I wanted to step away for a second and send you this quick message.
Over the last two days we’ve been having our quarterly company meeting off-site and I wanted to fill you in on our main topic of discussion…
YOU!!!
The meeting is open forum style, where our team has the floor.
Two things so far really stood out.
First, was the Awesome Report…
We went around the room and shared what happened in the last week or so that was truly awesome. And I’m not talking about in our business, but in our lives.
It’s unbelievable how great it feels to share in everyone’s really good news – a perfect start to the meeting, and a great way to bring us all together as a family.
The second big thing just amazed me.
And that’s how incredible each and every conversation about growing our company keeps going back to the subject of how we can provide YOU with a better, higher-quality experience and how each of us can support YOU more to reach your goals and dreams as a real estate investor.
So with that said, I wanted to ask you two direct questions…
What’s AWESOME in your life right now?
And what can my company and I do to help support you more, and help you reach your goals?
If you could do me a HUGE favor and leave me a comment (below) with the answers to those questions.
It would really make a huge impact to help us to support YOU better.
***Now before I let you go I also wanted to let you know that tomorrow afternoon we’re holding an encore presentation of last night’s training call. We had such great feedback we’ve decided to do it again.
Get on the call and find out how you can be one of my local Apprentice Partners and how we can do deals together in your area.
Click the link below to register for tomorrow’s call at 1:00 pm Eastern/10:00 am Pacific:
To Your Success,
Josh Cantwell
Strategic Real Estate Coach
P.S. Be sure to tune in to tomorrow’s encore Webinar Training at 1:00 pm Eastern / 10:00 am Pacific. Register here:
Making Informed Estimates Means Not Having to Rehab Your Profits
Friday, March 5th, 2010 | Uncategorized | No Comments
Succeeding in life is often about making solid, informed decisions. The same is true with real estate investing. If you can understand the difference that a smart decision can make, you’ll be able to watch your business – and your profits – grow. Estimating the cost of repairs is one area of real estate investing that can separate the profits from the losses. Underestimating the cost of repairs is a very common mistake that novice real estate investors make. Don’t fall into this trap! Ok, that sounds simple enough, right? But how do you actually prevent repair costs from eating into your profits? Do your homework.
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Proposed HUD Rules Could Negatively Impact Investors – Speak Up TODAY!
Wednesday, March 3rd, 2010 | Uncategorized | No Comments
All real estate investors need to pay careful attention to the information below and take action today. HUD guidelines propose to eliminate all seller financing unless the seller lives in the home or becomes a licensed mortgage originator. The deadline to comment on the proposed SAFE Mortgage Licensing ACT Rules is Friday, March 5, 2010. HUD will determine the minimum standards for SAFE compliance once the comments are reviewed and decisions made.
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Commercial Real Estate: More Trouble Ahead
Tuesday, March 2nd, 2010 | Bank owned, Commercial Real Estate Investing, Short Sales | No Comments
February 26, 2010, David Kotok, Chairman & Chief Investment Officer
“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Commercial property values have fallen more than 40 percent since the beginning of 2007. Increased vacancy rates, which now range from eight percent for multifamily housing to 18 percent for office buildings, and falling rents, which have declined 40 percent for office space and 33 percent for retail space, have exerted a powerful downward pressure on the value of commercial properties.
Banks Prey on Distressed Homeowners
Tuesday, March 2nd, 2010 | Bank owned, Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales | No Comments
Some of the nation’s largest banks including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup’s Citi Mortgage division (NYSE: C) have been accused of finding unethical ways of making money from distressed homeowners who are trying to avoid foreclosure, including allegations that banks are making illegal requests for up-front cash payments from buyers and real estate agents as part of their agreement to close the deal on short sales.
5 Tricky Ways to Sell Your Home
Tuesday, March 2nd, 2010 | Bank owned, Real Estate Investing, Wholesale properties | No Comments
Trying odd things might even the odds when it comes to selling a home these days.
Some homeowners and real estate agents are thinking beyond price, condition and location to get buyers in the door and make a sale.
Michael Travis, an agent with Coldwell Banker Residential Brokerage in Portsmouth, N.H., equates it to being noticed among potential daters on a dating Web site.
“You have to stand out,” he says.
Here are five offbeat ways to sell a home, and they might inspire you to think outside the box.
The long and short of short-selling homes
Tuesday, March 2nd, 2010 | Real estate short sales, Short Sales | No Comments
By Sean Sposito/The Star-Ledger
February 17, 2010, 6:00AM
ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield.
Record high unemployment has put some borrowers in jeopardy of losing their homes.
They are considering refinancing, home loan modifications and even
foreclosure.
But those who are thinking of a short sale have a lot to ponder.
The agreement, in which a lender accepts less than what is owed on a loan, can be arduous – leaving buyers and sellers sitting on the sidelines for months in the best-case scenarios.
Dry Your Eyes and Lower the Price
Tuesday, March 2nd, 2010 | Foreclosures, Real Estate Investing, Real estate short sales | No Comments
By ELSA BRENNER
NEVER in all his 17 years selling real estate has Mark Seiden gone through as many boxes of tissues as he has in the past 12 months.
It’s not he who is crying, but some of his customers — as they come to grips with the reality that their houses are worth far less in today’s market than what they had hoped, said Mr. Seiden, who owns Mark J. Seiden Real Estate in Briarcliff Manor.
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