short
Check Out This Contest Video Submission!
Thursday, June 17th, 2010 | Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales | No Comments
This great video is Mike “Stubby” Kleinstub’s submission to Strategic Real Estate Coach’s Building Lifestyle and Design contest. Mike did a great job of describing his life before and after SREC and where he plans on taking his business in the future. If he wins the contest he will win his very one 2011 Harley Davidson.
The BLD contest is all about building a business that give you the lifestyle that you desire. The Short Sale Business is booming as the economy gets weaker. In fact this fall with all of the Option ARM, ALT-A, and Commercial resets coming due, we feel that we are in the eye of the hurricane right now. We haven’t even begun to clean up the Sub-Prime mess.
The best thing about the Short Sale Business for investors is that it is just difficult enough to keep the average investor out of it. This means a growing market of foreclosed properties + few investors to take advantage of the market = HUGE MONEY!
Enjoy the video and a quick reminder that all videos must be in by no later than July 1st!
-Chris Duane Director of Operations SREC
7 Figure Short Sales Interview with Charise Stone
Thursday, December 11th, 2008 | Real Estate Investing | 4 Comments
By: Josh Cantwell
AND YESTERDAY’S WEBINAR REPLAY
Incredible. Did you get a chance to hear Charise, the mother of two that’s now closing 6-figure short deals?
Listen in as I grill her on how she landed a $296,000 Dollar short sale and how it change her life!
If you haven’t reserved your copy of the “no cost” 461 page Short Sale Success Blueprint then go here now before midnight Thursday…that’s tonight!
If you missed yesterday’s webinar you need to check it out. Just click the video below and see how to make $30,000 spreads on Short Sales using none of your own cash or credit.
Strategic Real Estate Coach Webinar Changes Industry
Wednesday, December 10th, 2008 | Real Estate Investing | 1 Comment
By: Josh Cantwell
We all know that the housing market has been in a downward spiral for months and months and the mortgage meltdown is not making the situation any better.
Today’s webinar gave tons of great concepts and tips on how to strive in todays real estate market using zero of your own money or your own credit.
For those of you who were unable to attend this call, please check back later in the week. We will be posting the replay right here on our blog.
Also, the winners for our give-a-way contest are as follows:
Grand Prize Winner: CRISTAL CHAMPION
1 year FREE membership for our Gold level coaching program. ($10,000 value)
Runner-Up: TONY HOMES
Our complete Short Sale Success Blueprint course ($995 value)
Last But Not Least: JERAMI DELGADO
Referral Magnet Course ($797 value)
Be sure to check out www.shortsalesuccessblueprint.com to take advantage of our amazing give-a-way for the 461 page Short Sale Success Blueprint manual. All you need to do is pay the $17 for shipping and handling and the manual is yours.
We will be contacting the winners in the morning via phone/e-mail used to register for the webinar. CONGRATULATIONS!!!
Make sure to check back later in week for the replay of today’s webinar.
Talk To You Soon!
The Truth Behind PMI
Wednesday, October 29th, 2008 | Short Sales | 1 Comment
By: Josh Cantwell
I just posted a new article about Private Mortgage Insurance, also known as PMI, and what it is and how to work on a case with PMI.
Click Here to read my latest article
PMI protects the lender in case the borrower defaults on the loan and it also assists more people in buying homes who have less money for a downpayment.
So how does this affect us as real estate investors? If you have a deal with PMI on the loan, the PMI company could have the final say on your short sale and will depend on the amount of the loss and the coverage ratio.
Read more about that here…
Click Here to read my latest article
Don’t forget to check back for more short sale tips every day this week.
Short Sale Insider Series Tip #2
Tuesday, October 28th, 2008 | Uncategorized | No Comments
Consider this week “FREE” week at Strategic Real Estate Coach. Everyday this week I will post some sort of video or article with tips about Short Sale investing. So be sure to check back!
Everyday when I drive home I have tons of thoughts running through my head. So I decided to start capturing some of those thoughts on video and sharing them with you through something I like to call “The Short Sale Insider Series.”
So be sure to check back consistently to keep up to date with all of the FREE information and tips that we post.
Talk to you soon!
Bank of America’s Attempt to “Help”
Friday, October 10th, 2008 | Uncategorized | No Comments
By: Josh Cantwell
Recently, Bank of America struck a deal with regulators that may help many peoplefacing foreclosure.
I say may, because with banks one never really knows what they really mean when they offer “help,” besides these days they need a great deal of help themselves (B of A posted on Monday that it’s profits were down 68 percent).
The deal was the result of a lawsuit by several states that went after Countrywide for predatory lending. This past summer, Bank of America bought Countrywide and has agreed to modify loans for more than 400,000 homeowners.
The purpose of this action is to give some relief to homeowners struggling to stay in their homes, but how this effort is carried forward will be interesting to watch. For those homeowners that made little money and bought an expensive house, no amount of adjusting the loan will help. For example, the US mail carrier that bought a 700k house in Pepper Pike on a 50k salary is out of luck.
Bank of America is saying that they will drop rates as low as 2.5 percent for some borrowers and forgive some debt. Moreover, they also intend to suspend foreclosures to give them a chance to determine which homeowners qualify.
And if that’s not enough, Bank of America plans to reduce payments for borrowers to one-third of the borrowers income.
On the surface, this could be huge for the American homeowner facing foreclosure; however, we all know that loan modifcation at this time helps only 10 percent of homeowners. Likewise, many of the workouts that banks agree to still don’t make the loan affordable.
As Jerry Kayser, SREC coach, told me last week, “People have learned spending habits that they don’t give up so easily. So even if a monthly payment is reduced by a couple hundred dollars, in a few months that homeowner could be right back in the same position.”
The catch to all this “do-good” publicity by Bank of America is that in doing workouts, they have reserved the option of putting homeowners into interest-only loans so as to reduce their payments. If done, homeowners will still be making payments on a houses where the balance owed is signifcantly higher than what the property is worth.
Hmmm. . . if so, how many homeowners do you think will stick around and continue to make payments on a house with little hope of a return?
I’ll keep you posted on more news to come!
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