Jun

5

Warning: Real Estate Investors Should Ignore The Media Blitz Of Bad News

Filed Under Real Estate Investing, foreclosure | Leave a Comment

Gerald Romine Making Money In Real EstateIf you are already actively buying and selling houses in the current market consider this message an update of what you are already experiencing in the market.

If you are NOT currently an active real estate investor you will find this message helpful to move you from thinking about taking action to improve your income and life…to actually taking action to do so.

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First, I want to start off with a WARNING:

This is a warning that you could easily be locked out of possibly the biggest real estate buying opportunity ever due to sheer ignorance. The truth hurts and before you discredit those harsh words realize I am not trying to sell you anything.

Have the markets changed? Definitely.

Is it harder to get financing on properties? Absolutely.

Are investors making money? Yes… and lots of it. Are you???

Between my involvement in the market and the feedback I get from successful investors using the Ultimate Real Estate Investing System I have an understanding of what’s really happening in the markets like no other.

Now, I want to tell you about what’s really working in the real estate markets.

1) Short Sales: With record foreclosures and REO properties backing up the lenders are seeing the need to play ball and move short sales whenever possible. Make no mistake that short sales are a REAL opportunity and unbelievable deals are being done. Understand that some lenders are easy to work with and other lenders are nearly impossible. UREI users have a distinct advantage because it takes less than 5 minutes to prepare complete short sale packages and if you are in the short sale game be sure to have an efficient system.

Note: UREI users are even getting short sales accepted on properties that are current on the payments.

2) Subject To: A VERY successful strategy in today’s market is to find a price range of a properties that will cash flow as rental property then go after that range with offers to take over the existing financing.

Example: A 3/2 in Phoenix may rent for $1000 per month. Searching the MLS I found 67 homes in the city of Phoenix that are 3 bedrooms and 2 baths and have 1000 square feet or more with a price that is under $90,000. The lowest priced property is $37,500! The second home is $45,500 and is an REO offering a $1000 bonus to the buyer’s agent.

Let’s look at the possible numbers for a house with a $90,000 loan. If the loan was a 30 year fixed at 6.5% the monthly principle and interest payment would be $569. Add another $200 for taxes and insurance and the PITI would be $769. If the property rents for $1000 per month the cash flow after reasonable expenses would be positive and let’s assume $100 per month. Not bad for a nothing down deal and taking over the payments.

Huge opportunities abound and subject to’s do not require you to get new loans or qualify for financing.

3) REOs: I can’t say enough about the opportunities to buy REO properties. Banks are leading the pack with price reductions and the opportunities to make once in a lifetime deals are everywhere.

WHY IS THIS SO IMPORTANT?

For many, for a growing number of would be real estate investors, the news about a bad economy is keeping them out of the market and stopping them from what may prove to be the biggest opportunity and fastest way to wealth ever presented through real estate!

The three types of investing outlined above can be the solution to negative developments and news in the real estate industry that we are constantly bombarded with by American TV and media.

It can permit profitable focus on small niches or sub-niches of the real estate market.

I’ve put hundreds of real estate investors on this fast track, one way or another, and I’m on top of the markets daily and aware of the latest developments.

You may think real estate success is beyond you in the current market but you may change your mind if you learn to focus on what’s really working and ignore all of the media noise. And if you have any thoughts of actually building a thriving real estate investing business that can secure your financial future now is the time to tune in and get involved.

Author: Gerald Romine

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