Even You Won’t Be Able To Qualify for a Mortgage Any Time Soon
Monday, January 23rd, 2012 | Bank owned, Commercial Real Estate Investing, Foreclosures, Real Estate Investing, Short Sales, Wholesale properties | No Comments
The other night I was lying in bed reading an article that blew me away…
It’s called “Prime Mortgage Borrowers: Then vs. Now.”
It was comparing the prime borrower in 2007 to the prime borrower RIGHT NOW.
Check out how ridiculously easy it was to qualify for prime only a few years ago…
In 2007 Requirements for a “PRIME MORTGAGE LOAN” to buy a house were:
- Loan Values up to 125% of the property value
- Meaning you could borrow $200,000 on a house only worth $175,000
- Debt to Income ratios of up to 45% of incomee
- Minimum FICO Score of 620
- e1 Past W-2
- 2 months of fallback reserves
- Employment corroborated one month out prior to closing
Fast forward to the requirements to buy a house TODAY:
- Loan Values max out at 80% of house value
- *Which means buyers have to put down at least 20%*
- Debt to Income levels are lower at 33%
- Minimum FICO is 680 to 720
- 2 YEARS of W-2s must be provided
- 12 months of fallback reserves must be available
- Re-verification of employment within 10 days of closing is required
- A foreclosure, short sale or deed-in-lieu must be at least seven years old
So what does this mean for us investors exactly?
Well according to watchdog credit rating agency DBRS…
“Based on the minimum FICO score, maximum loan-to-value (LTV), and the requirement that a foreclosure, short sale or deed-in-lieu be at least seven years old, it is likely that most of the U.S. population will not be able to qualify for a mortgage any time soon,” DBRS says.
“Consequently, DBRS expects the housing recovery to continue to lag for many years to come unless there is a loosening of underwriting criteria by the major lenders,” the DBRS concluded.
This changes the game for investors, big time.
If you’ve been following the free material I’ve been sending you about how to profit from recent housing trends with INSTANT CASH INFUSION, you realize this information from DBRS mightily supports the investing strategy Instant Cash Infusion is built on, and will allow investors like you to thrive for the next 2-5 years…
But only if you know how to sidestep the new bottlenecks of banking. Without available credit, we must invest in strategies that do not require bank loans for ourselves or our buyers.
So I am hosting a webinar to show you EXACTLY how to thrive in today’s market – that will instantly put $500 – $20,000 in your pocket in as little as 16 days.
On the “No Banks Needed” Tell All presentation I’ll be revealing to you…
- 4 simple, fast, safe and easy ways for you to make money that don’t require any banks whatsoever
- How my students and I have been perfected these strategies since 2004
- Why since late 2011 and now into 2012, these investing techniques are even better poised for you and I to prosper from because of the current shifts in the financial markets
- How you can profit from every type of property, right now. Houses with equity, houses with no equity and no default (which are most common) and overleveraged houses in foreclosure (short sales)
- These leads are everywhere and require little to no marketing costs on your part to obtain. As I said earlier they are the most common lead type I get into my business. In fact, in the past, I used to throw these away. Not anymore
- You get paid within 60 days. Often in as little as 16 days. No waiting for 7 months to get a short sale approved and flipped or a house rehabbed and sold
- You pocket between $500 to $20,000 without needing a loan for any of it
- The critical set of forms you must use to execute all these techniques for faster payouts How buyers will fight over these properties you will control because they don’t have to qualify for bank loans. Not to mention the 80 – 100 million hungry buyers who cannot qualify for a bank loan. I’ll show you how to flip them over to the buyer for a very handsome fee
- One technique with three ways to make you money. You can make some cash now (between $500 to $20,000), cash flow each month (between $100 to $1,000) and then cash out down the road (between $7,000 and $40,000) without ever owning the home
Instant Cash Infusion is the quickest, easiest way to make money in real estate with no money, bad credit, and no loans for you or your buyers.
And isn’t that what you’re really looking for?
Listen, I care a lot about you and your future. This is stuff you need to know to be successful. If you let this kind of information go unnoticed, your real estate investing business will never get off the ground or you’ll waste hundreds of hours and thousands of dollars doing the wrong things.
Get on the webinar to learn how to fix your cash flow challenges now, with a quick $500-$20,000 in as little as 16 days.
Josh
P.S. Make sure you’ve read my free ICI Survival Guide. It contains tons of important information that you need to know in today’s real estate market.
Don’t avoid the 900% increase in foreclosure activity in 2012
Tuesday, December 20th, 2011 | Commercial Real Estate Investing, Foreclosures, Pre-foreclosure, Real Estate Investing, Short Sales | No Comments
2012 is going to be HUGE.
Up to 9 million homes may enter foreclosure in 2012 period,
versus one million in a typical year.
This will send shock-waves through the stock markets and world economy.
It may well be the “dark ages” for homeowners and lenders alike…and the wave of mortgage re-sets will continue in a relentless onslaught…with no mercy!
This can equate to 500 billion in lender losses…
Check out this chart from a huge Euro Bank that shows when
the resets are happening for all the exotic mortgages:
As you can clearly see, we are entering the last (HUGE) wave
of foreclosures right now. All of these resets will cause
foreclosures in 2012.
CLICK HERE to find out how to make money from this
situation
The ARM’s, Option ARM’s, Subprime and Alt-A will be the main
casualties – but will spread into the prime classes too!
The “Too Big to Fail” banks are under the gun for the shady
practice of “robo-signing,” which covers a wide range of
foreclosure paperwork abuses. This serious “mess” has
launched massive legal probes around the country, including
an investigation led by an angry hive of state attorney
generals which reportedly could end up costing banks upward
of $20 billion in settlements to ripped-off foreclosed
home-owners.
The big lenders will be in the “hurt locker” and desperately
seeking investors willing take distressed residential and commercial
properties off their books…as soon as possible!
As you know, 60% of all Option ARM and ALT-A mortgages that
were originated in the “Sand States” -California, Nevada,
Arizona, and Florida began to adjust in 2009. And I’ve got
news for you…
It’s not over yet by a long shot…
In 2012, it’s going to go through the roof, impacting the
entire nation with pre-foreclosure and foreclosure activity.
Many of the major lenders will hold vast amounts of toxic
foreclosures…and are on the edge of extinction. They are
doing a wild spin into C-, D- and finally E- credit ratings
– and that’s end-game.
This massive shift has created a huge opportunity for real
estate investors in 2012. Now is the time to tap into this
massive opportunity.
Go here to get the rest of the story.
Do not ignore this opportunity or you may regret it for the
rest of your life.
Happy Holidays,
Josh
PS: If you’re like me, you’re busy with last minute Christmas shopping. Take a quick break and go here to watch a video that explains the entire situation. It’s a must see.
Would you trade $16 for $3200? (today only)
Wednesday, November 9th, 2011 | Bank owned, Foreclosures, Real Estate Investing | No Comments
My friend Jeff Adams is launching a book on Amazon and giving away a special bonus package, but only if you order his book TODAY, Wednesday Nov 9th.
I respect Jeff because he’s a self-made success. He started as a broke firefighter and created a business that’s thriving even today in this recession.
One of Jeff’s secrets was to learn everything he could about investing in foreclosures. He’s now sharing that knowledge in his book, called, “How to Buy Bank Owned Foreclosures For Pennies on the Dollar.”
What’s in it for you to buy this book? A lot. Here’s a sample:
- You get Jeff’s personal, hand-holding step-by-step guide to grabbing bank-owned properties for pennies on the dollar — even if you don’t have a cent to your name, have credit that stinks, or have never flipped a house before.
- You could flip your first house in less than seven days!
- And here’s the best part — it doesn’t have to interfere with your day job. You can do this entirely on a part-time basis. Or, if you want…
- Transform it into a gigantically paying full-time business. It’s your choice how much money you want to make.
- Get an unfair advantage in your market with special ninja tricks that reveal specific tactics for using this recession to your advantage. When you discover these strategies for dominating your market, there will be no competition for your deals.
- When you read this book, suddenly, formerly hidden opportunities will nearly jump out at you…
…and you’ll find hundreds of thousands of dollars in your own backyard! Your own home town will open up to you with endless deals others never even knew existed.
This book comes with several bonuses ONLY if you make an Amazon purchase dated TODAY:
1. You’ll get a brand-new special report on how to invest during a recession.
2. You & a guest will get admission to a live bootcamp coming up Jan 20-22–a $3,000 value–at absolutely no charge. Just wait until Jeff reveals his seven-day flip system! You may be able to flip one or two properties… per week!
3. You’ll be part of a book-buyers-only teleseminar. Jeff will discuss which markets are the best to invest in right now, and the latest ways to fund your deals after the sub-prime meltdown.
4. There are even more goodies–all free–just for getting an $16 book TODAY.
So Make sure you get this today — and today only! — by clicking the link below now:
Click here to grab your copy of this amazing book!
Then enter your order receipt number into the following web page to collect your bonuses:
http://www.JeffAdamsBonuses.com/amazon.html
It’s time for us to make some real cash in this recession, together!
Josh
P.S. Wouldn’t you trade $16 for $3200? Not to mention, there’s a wealth of information in this book that will accelerate you far ahead on your real estate investment career.
If you order today, you qualify for the $3200 bonus. So Make sure you get this today – and today only! — by clicking the link below now:
Click here to grab your copy of this amazing book!
Then enter your order receipt number into the following web page to collect your bonuses:
http://www.JeffAdamsBonuses.com/amazon.html
REVERSE SHORT SALE REVEALED: Webinar Training Class w/ Josh and Cody
Sunday, October 30th, 2011 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales | No Comments
I talked to Cody, The Reverse Short Sale Expert and I told him after getting so much interest in his concept we had to do a webinar training class to reveal this in greater detail, answer questions and show investors just how dynamic this will be.
Join us this Tuesday, November 1st, 2011.
Register for the 2pm call here:
https://www2.gotomeeting.com/register/551111306
Register for the 9pm call here:
https://www2.gotomeeting.com/register/720536506
IMPORTANT NOTE: There will be absolutely NO replay of this exclusive webinar, it is showing on Tuesday only! There will be no recording or replay!
In this “RSS” Foreclosure Investing Training class and interview you are going to learn…
+ Exactly what a Reverse Short Sale (RSS) is and how it will benefit you financially.
+ How you can AVOID having to actually negotiate short sales with banks so you spend your time flipping properties and making money.
+How you can AVOID find or haggling with buyers or realtors and easily close the foreclosure deal and cash a check.
+ How you can AVOID using your own money so you can do multiple deals every month.
+ The exact steps that you can take immediately to close your first Reverse Short Sale deal next week, pocket $10,000 to $50,000 and be able to take the vacation of your dreams by Christmas!
+Why traditional short sales are still a huge part of my REI business and should still be a huge part of yours too.
+Why Reverse Short Sales are a perfect COMPLIMENT to your traditional short sale flipping business and allow you to capture twice the closings and cash.
+How to capture the profit spread on your short sales that go to auction while maintaining the same exact buyer you already had under contract so your closing ratio sky-rockets.
+ Why Reverse Short Sales deals have such large profits with so little headaches.
+ How you can partner with Cody on Reverse Short Sale deals and have him Fund Your Flips.
REGISTER NOW BELOW TO INSTANTLY WATCH THE Reverse Short Sale VIDEO AND GET THE CHANCE TO ASK YOUR QUESTIONS ON THE WEBINAR!
Register for the 2pm call here :
https://www2.gotomeeting.com/register/551111306
Register for the 9pm call here:
https://www2.gotomeeting.com/register/720536506
After you complete the short form below and click submit button you will be sent to watch a video introduction of the Reverse Short Sale AND get your chance to ask your questions to be answered on Tuesday’s webinar.
Josh
P.S. Register now, spots are always very limited because GTW only allows 1,000 spots.
Since so many of my members are very active short sale investors this is sure to overbook.
#1 Real Estate Investing Secret [do not forward]
Friday, October 28th, 2011 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales | No Comments
Those of you that know me know I love working smarter, not harder.
I am happy to say that thanks to my friend Cody my life just got a little easier. 
I call my buddy Cody the ‘Clever Investor’. Seriously, the guy is as sharp as a tack. He recently discovered a brand new way to do short sales BACKWARDS.
He calls it the… Reverse Short Sale.
Its pure genius. >> Click to learn the best kept secret in real estate.
No more painful bank negotiations, no more finding buyers, no more government regulations.
In other words…
*** No more pain in the A$$ of normal short sales! ***
Even better, you need absolutely no-money and there is absolutely NO competition.
Cody made a video you can watch here, but he said he’s not going to keep it up long. He seems pretty darn serious about sharing this with as few people as possible.
I guarantee you have never seen anything like this before. Nobody has.
Click here to learn how to do short sales the SMART way. >>
Josh
P.S. I would tell you more about what it is, but it wouldn’t
matter any way. You really just have to see for yourself.
You Two Deserve Each Other [Video]
Friday, October 21st, 2011 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales | No Comments
Do you have enough private money lined up? How much is enough? Well, I recommend a new investor have at least $500,000 and a seasoned investor have at least $2 million. This will give you all the money you need to get every deal you want and you’ll never miss out on an opportunity.
I have 2 deals I’m buying next week. One is at 1467 Sunny Acres for 53k and the other is 2219 7th street for 55k. Both are REO’s. Both need 20-30k in renovations and both need private money to fund the deals. Both are ripe with $40,000 profits Why do I need private money? Same reason as you. Because I don’t want to use my own cash.
Even if you don’t have a deal yet, private lenders are looking for you. They want to meet you and understand your business, so that they can potentially invest with you.
Go watch this video to find private lenders
It’s really simple. Private lenders loan money to investors because they like the returns on investment.
Think about it.
Would you rather make less than 1% on a CD at the bank or make 6%-12% from a real estate investor on a piece of property that is completely secured?
I currently pay my investors 10% interest OR 20% of the deal profit WHICHEVER IS GREATER
They love it. I am a great investment for these guys. You are a great investment.
So, why do you not have private lenders fighting over your business yet?
Go watch this video to find out how to change that
Private lenders are looking for a way to be matched up with people just like you. They need you.
Private lenders do not care about anything but the deal.
They DON’T care about:
• Your credit score
• Your credit history
• Your assets
• Your income
• Your kids names
• Your hair color (see Nathan Jurewicz)
You get the idea
The DO care about:
• Your deal and the “ROI”: return on investment they’ll get.
To match your deal with their money, you need to go watch the video that I’ve been telling you about.
The best private money video I’ve seen in a while and its from a coaching student of mine.
Josh
P.S. Don’t let lack of money ever hold you back in this business. There is plenty of it out there. You just have to have the right tools and knowledge to get your share of it.
Today only….tomorrow is one day too late
Wednesday, August 31st, 2011 | Real Estate Investing | No Comments
On today’s webinar you will see how BUSINESS SYSTEMS will take you from struggling, broke, tired, overwhelmed and no direction…..(like I was in early 2004)
To…..
An empowered, new, rich, excited, laser focused, real estate money getting machine….(like I’ve been since late 2004).
IT’S ALL ABOUT BUSINESS SYSTEMS……which I discovered in…….you guessed it….mid- 2004, and I’ve been laser focused on ever since.
You’ll discover this business systems breakthrough today on a live training class and see how I am applying these systems to my newest R.E.I. business model.
Register for the 2pm webinar TODAY
https://www2.gotomeeting.com/register/941932082
Register for the 9pm webinar TONIGHT
https://www2.gotomeeting.com/register/487535066
Josh
P.S. When you attend the webinar today I’ll be showing you and giving you the EXACT Systems Process Maps I’ve been using and updating in my business since late 2004 that has allowed me to close over 600+ real estate transactions….BUT you must attend to get the back door link to the “SYSTEMS PROCESS MAPS”.
Here’s a partial list of the SYSTEMS MAPS I’ll be teaching you and giving you. I figure these are worth at least $297 bucks and they are free on today’s class.
*System #1: How to get started without knowing anyone or anything
*System #2: The Personal Financial System
*System #3: Agent Referral Magnet System
*System #4: Center Of Influence Systems – I received 3 leads already this week with this one.
*System #5: Guerilla Marketing Systems
*System#6: Contracts for Cash Systems
*System#7: Real Estate Banking System – I hired someone on Monday just to manage this one for me.
*System#8: REO Renovation Systems
*System#9: Short Sale Negotiation Systems
*System #10: Forced Appreciation Systems
*System#11: Property Staging Systems
System #12: Buyer’s List Building (B.L.B.) Systems – this is a set it and forget it system. One of my favorites.
*Systems#13: The Green Light Selling System
Once you see this in action you’ll finally experience the breakthrough you’ve been hoping for.
Register for the 2pm webinar TODAY
https://www2.gotomeeting.com/register/941932082
Register for the 9pm webinar TONIGHT
15 Ways to Succeed in Real Estate Investing
Wednesday, August 24th, 2011 | Bank owned, Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales | No Comments
It wasn’t long ago that real estate was the way to make money. But, is that still true? Things are by no means back to the “old ways” but if you look around, you will see that the tide is changing. Money can be made in real estate investing. Strategic Real Estate Coach presents this list of ways you can profit from today’s real estate climate.
1. Auctions
Real Estate auctions of all sizes and types are among the richest grounds for good properties. But, newbies need come prepared. Lack of research is one of the biggest newbie mistakes.
2. Divorces
Owners in the middle of a divorce are usually very motivated sellers. Be wary of properties that are underwater; in those cases, a short sale is the best bet.
3. Tax Liens
Properties with unpaid tax liens often end up on the auction block after foreclosure. The government has no use for the houses; they just want their money. Sometimes you can find out about these opportunities before foreclosure begins and see how motivated the property owner is in getting out from under the debt.
4. Notice of Default (NOD) List
The NOD list is a treasure trove of buying opportunities. The owners of the newest listed properties may need a bit of (gentle) coaxing before they realize they can’t get out of their situation, but if you are persistent, the rewards can be huge. As with other foreclosure and pre-foreclosure properties, find out how much is owed to the lender.
5. Real Estate-Owned (REO) Properties
Also called bank owned properties, these have already been through the foreclosure process and are now owned by the lender. There are lists for these properties available – agents in your area have them.
6. Short Sales
This is when the bank is willing to take less than what it is owed. Huge profit potential or the chance to own a great property at a bargain basement price.
7. Rehabs (aka Flips)
Although “flipping” isn’t as popular as it was, it’s still a solid way to make a profit – if you do it right.
8. Wholesale purchases
Buy low and sell fast – without even touching the property – to a buyer “as is.”
9. and 10. Rental Properties
There are actually two approaches here:
• Purchase an unoccupied rental property, fix it up, then rent to new tenants or sell it.
OR
• Purchase a non-rental property, fix it up and rent it out.
11. Distressed/Damaged Properties
Drive around and check out any houses with peeling paint, old roofing, tall grass or other signs of neglect. Maybe a building damaged by fire can yield a workable deal. You may be able to find a motivated owner. Take care and get as much information as possible before buying.
12. Free and Clear Properties
You can buy a list for properties in your area that are owned outright. Making an offer to an owner could be profitable.
13. Out of State Owners
Rentals, vacation homes or maybe houses purchased for the big retirement move that never happened.
14. Probate
Heirs often need to sell a property in order to split the proceeds. A cash offer is likely to motivate.
15. Selling Leads (Bird-Dogging)
Create a list of secured leads by doing the legwork yourself and sell that information to local investors. Or, you can do all of the preparation and presentation and present it to investors and take a finders-fee.
Just because you’re not an agent or big-time investor, doesn’t mean that you can’t dip a toe in the waters of real estate investing. It’s easier than you think! The list above isn’t hard and fast – there are many more ways to take advantage of investing in real estate. Use this list as a springboard and dive right in!
To learn more, click here.
Like this post? Tell your friends on Facebook, Twitter and others! Be sure to rate, review and share this post with your friends on StumbleUpon!
4 Signs of a Depressed Housing Market
Wednesday, August 17th, 2011 | Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
For the second year in a row, residential housing construction failed to contribute to growth in the US. The demand for building permits fell, new home construction starts are down, and the foreclosure pipeline is as full as ever. As a result, banks are keeping a tight fist on mortgage lending standards. There are four main indicators that we can look to and determine that we’re still in a pretty significant housing slump:
- Fewer New Home Permits – Last month, there number of new homes under construction was at the lowest rate since 1970. Single-family home construction fell by nearly 5%, whereas apartments and townhouses rose by nearly 8%.
- Falling Demand – Increasing foreclosures are keeping real estate values down. As a result, builders have little incentive to put up more houses in an already flooded market.
- Strict Credit Standards – Getting a mortgage for the average homeowner remains tough. One of the reasons, according to the banks themselves, is there is “reduced or unchanged demand from creditworthy borrowers.”
- Weak Stock Futures – Uncertainty in overseas markets have economists nervous, especially following the recent S&P credit downgrade. The Treasury’s 10-year note fell to 2.27%, from 2.31%. The import index was down .3% in June.
If you liked this post, share it with your friends on Facebook, Twitter and more!
Closing Costs on the Rise
Wednesday, July 27th, 2011 | Real Estate Investing | No Comments
Origination fees. Title fees. Appraisals. Title insurance. Survey charges. Even postage. All these fees add up to the total cost of homeownership for the potential buyer. While we know those additional costs are there, did you know they are on the rise?
On average, the origination fees (underwriting, processing) from lenders have increased over 10% from last year, up to an average of over $1,500. Third party fees (appraisals, title, postage) have increased nearly 8%, to an average of nearly $2,500. These fees don’t even include property taxes, recording fees and homeowner insurance.
So what’s to blame for this increase? Lenders are saying it’s due to the more tightly controlled mortgage regulations from the government. The strict regulations means more staffing and more resources, which is a cost that is passed along to the borrower. There are now extra steps that the lenders have to follow in the process, more forms to fill out. Lenders are being careful not to do anything that would draw attention from Freddie Mac and Fannie Mae, who now have no tolerance for missing documents or paperwork errors.
Are any of these fees negotiable? Some are and some are not. Lender fees and title insurance rates are certainly negotiable, so it pays to shop around. While things like appraisals and credit report fees are not. It’s up to the consumer to ask the right questions and obtain a GFE – good faith estimate – from at least 3 mortgage brokers and 3 banks.
Liked this article? Tell your friends through Facebook, Twitter, and more!
Just enter your first name and email in the
box below for free immediate access!
Recent Posts
Categories
