investing
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!
Foreclosure Starts Down, Loan Performance Up
Sunday, April 15th, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments
According to a report released by LPS Applied Analytics, loan performance was up and foreclosure starts down compared to the previous month. Despite this, foreclosure rates are near historic high rates but delinquency rates are at the lowest point since August 2008.
Foreclosure starts are down over 15%, with foreclosure inventory at 4%. That may seem low, but compare it to December 2005, when the rate was only .5%. “The national pipeline ratios – 90-plus delinquencies and foreclosures divided by the 6-month average of foreclosure sales – continued to decline.” These rations are higher in the Northeast, specifically New York and New Jersey. Foreclosure sales dropped in both judicial and non-judicial states. The average foreclosure pipeline in judicial states is 84 months, while New York is 846 months and New Jersey 772 months. “Cure rates for all types of loans, including one-month delinquencies to foreclosure initiated loans, were higher. Additionally, repeat foreclosures decreased 8%on a month-over-month basis.”
To read more, click here.
Incentive Payments to Mortgage Investors Could Triple
Monday, March 26th, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments
I just got this article from Jerry Kayser, my broker at Sharp Concepts Realty and one of my SREC coaches, and I had to pass it along to you – this is really big news!
Right now, Freddie Mac and Fannie Mae own 3.3 million of the 11.1 million mortgages where borrowers own more than the house is worth. Worried about the unintended, secondary consequence of homeowners entering into strategic default to get a principle reduction, the GSEs and their regulator, the Federal Housing Finance Agency, have long avoided any sort of principle reduction. New reports are showing that, in actuality, such a move could work for the GSEs under a new version of HAMP – the Home Affordable Modification program. The Treasury said it would “triple incentive payments to investors who allow principle reduction in HAMP workouts.” Freddie Mac’s CEO, Ed Haldeman, said, “The Treasury sweetened the program and tremendously increased the incentive payments in their offer to us. We will reevaluate that to see what may be in our economic best interest. If there are very large incentive payments — which could be 50% of what you could write down — it may be in our economic self-interest to participate in that.”
Bottom line: the Treasury is willing to triple incentive payments to investors, now between 18-63% to the investor behind a loan for a principle write down, instead of 6-21%. For investors, that’s tremendous news.
To read the entire article, click here.
3 Steps to Involve Private Investors, Squeeze Out Freddie, Fannie
Sunday, March 11th, 2012 | Bank owned, Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
Attention private real estate investors: The FHFA recently released a 3-step plan to lessen the role of Freddie Mac and Fannie Mae in the mortgage industry and shift it to private investors. Since 2008, when Freddie and Fannie were placed in conservatorship by the US Treasury, they have received more than $180 billion in taxpayer support. To date, there is no resolution in sight, so the terms of the conservatorship need to change. Together, they guarantee 3 of every 4 mortgages.
- Build a new infrastructure that allows private investors to participate in the secondary market. This would include “national standards for the mortgage securitization process“ to be used to develop the mortgage market.
- Transfer mortgage credit risk from Freddie and Fannie to private investors. Several plans are already in place to see that this happens. One includes a “gradual increase in guarantee fee pricing so the price is closer to the level expected if mortgage credit risk was based on private capital.” Another proposes loss-sharing plans to have investors bear part of the credit risk.
- Continue efforts to prevent foreclosures and make mortgage credit available.
To read more, click here.
Rip off my new business model that has 8 “Profit Pockets”
Monday, August 29th, 2011 | Real Estate Investing | No Comments
What I am about to share with you IS EXTREMEMLY ADVANCED.
Over the past 6 months I’ve experienced a BRAND NEW, SEVEN FIGURE, BUSINESS BREAKTHOUGH….and now that it’s proven, I want to tell you all about it.
********************
DISCLOSURE
********************
This is intended for the most serious real estate professionals only.
If you are not seriously striving to create a business that generates 1M dollars or more in revenues, then do not attend this class.
If you are lazy and don’t like to work, then do not attend this class.
If you don’t have any resources or money (or no way to get it), then do not attend this class.
Reason is, what I’m about to share with you is going to take a little work, some money (not a lot but some), resources and time.
BUT if you are the right type of person, this is what you’ve been looking for.
So let me tell you who this IS for.
If you have been a real estate investor for at least 3 years and have done at least 25 transactions – THIS IS FOR YOU.
If you are a real estate agent with at least 5 years’ experience and have done at least 35 transactions – THIS IS FOR YOU.
This material will most likely “go right over the heads” of all newbies who have never done a deal.
This Wednesday I’m holding two live webinars where I will reveal to you my newest Real Estate Business and Profit Model.
What’s so important about this model is that there are at least 8 different “Profit Pockets” that make you money in this model.
In the past 30 days I have profited from each of these 8 different “Profit Pockets” and you can to…….IF you set up your real estate enterprise the way I’m about to show you.
In the month of September, I anticipate making 6-figures or more by having this business model work for me.
Register for the Wednesday 2pm ET class here.
https://www2.gotomeeting.com/register/941932082
Register for the Wednesday 9 pm ET class here.
https://www2.gotomeeting.com/register/487535066
I will also be giving away “Systems Process Maps” that explain in stunning VISUAL detail EXACTLY how to set up these “Profit Pockets” in your own business to all those who attend.
While other real estate professionals are getting out of the business mine is flourishing. See how!
JOSH
P.S. This is NOT a launch of a new product and there won’t be anything to buy after this class is over.
I simply want to show you how you can set up a real estate enterprise like this for yourself.
It’s so powerful I had to share it with you as soon as the model was proven. NOW IT IS!
Pick a day and time and jump on this advanced training class.
Register for the Wednesday 2pm ET class here.
https://www2.gotomeeting.com/register/941932082
Register for the Wednesday 9 pm ET class here.
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!
Meet Our SREC Student of the Month, Peter Gorski
Friday, July 29th, 2011 | Real Estate Investing, Uncategorized | No Comments
We’re proud to spotlight SREC Coaching Student of the Month, Peter Gorski. Peter joined our coaching program about two months ago, and has already been realizing some tremendous results! Peter attended our 2-day SummerFest high-end student mastermind event last week, and had a tremendous experience. As a gift for being chosen Student of the Month, Peter was invited to stay for two additional days of mastermind with the Maverick/Master’s Elite/Board of Advisors students.
Here’s what Peter had to say about his experience:
“I first wanted to say that I had one hell of a time at SummerFest. It was like no other event that I have been to before. It blew them all away. I was super excited to meet the SREC students, as well as your team, and I had no clue what to expect on Thursday going into the event. Everyone was so very nice to me and to the others, and that is very important to me because it makes me feel welcomed and part of your team vs. others. I’m no one to them but just a name on a list.
You put on one hell of an event and I’m looking forward to the next one. I have to make it to the top and
now, due to SREC, there is nothing holding me back.”
I want to share the story of Peter’s journey before SREC and since joining SREC with you, in his own words:
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!
Note Buying Mastery
Friday, June 24th, 2011 | Bank owned, Foreclosures, Real Estate Investing, Uncategorized | No Comments
Hey, Josh Here,
Did you miss my friend Chris Gleize’s “Be the Bank” webinar last night? If you did, you’re in luck, because you can check it out here… it’s really some awesome stuff, so sit back, grab a pen and get ready to take on a new opportunity in real estate investing! You can also learn more at www.noteswithjosh.com.
Learn More at www.noteswithjosh.com
Investors Rule the West Coast
Wednesday, June 15th, 2011 | Bank owned, Foreclosures, Real Estate Investing, Real estate short sales | No Comments
If you’re a real estate investor on the West coast, you’re sitting in a great position these days. Why? Because according to ForeclosureRadar, “third-party investors are reselling foreclosure properties they’ve scooped up at auction at a rapid pace in states along the country’s western seaboard,” including California, Arizona, Nevada, Washington, and Oregon. Here’s the best part – investors are moving distressed homes faster than banks are.
ForeclosureRadar tracks foreclosures and auction activity in the states listed above, and has seen one consistent statistic in all those states in May – a decrease in the amount of time investor’s need to sell properties purchased at foreclosure auctions. For example, in Arizona, investors were able to sell properties in 95 days, versus 150 days for banks. In California, it took just 134 days, versus 227 for banks. Similar numbers were seen in Nevada, Washington and Oregon.
The reason for this gap is that investors have “become better at turning a foreclosure into a marketable property that attracts buyer interest,” according to the CEO of ForeclosureRadar.
To read more, click here.
To learn more about kicking your real estate investing into high gear, it’s easy to get started – just click on the “Click here to gain access” button in the box to the right – “Join Josh on the 4 Strategies That Create An Instant Cash Infusion Online Event.”
Just enter your first name and email in the
box below for free immediate access!
Recent Posts
Categories
