Mike's Blog

Why is the Health Insurance Industry Protected from ANti Trust

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Wed, 30 Sep 2009 08:38:35 -0500

Please go look into this...we are finally getting some action on the Big Health Insurance Companies having monopolies in states....not allowing competition.

Did you know that Health Insurance Companies are exempt from the Sherman Anti Trust Laws...them and Major League Baseball...

WIthout competion, prices go up when ever they want.....lets open the doors to a more level playing field....

Whats your thoughts on this...........

Check it out....

Roman Polanski.....Child Molesters ...How Can We Not Shoot These Guys

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Wed, 30 Sep 2009 08:17:26 -0500

The uproar over Roman Polanski is pissing me off. The amount of hollywood "stars" coming out in support of this child molestor is beyond belief....hey Debra WInger...lets put your grandaughter in the room with him and then see how you feel.

I have twin Grand daughters that will be 10 in a few weeks.If anyone wants my opinion, here it is:

There is no excuse for not taking these child molestors and shooting them at dawn.

I have a simple argument...if its your daughter, your wife, your sister..........who is wanting to Rehabilitate and take a chance that the molestor will come back for someone else you know....

These guys CANNOT be fixed...they are broken.......

My vote is to put Polanski in Jail with other Pedophiles.....Child Molestors... and then shoot, hang, or lethal injection...why do they have to be kept around to attack our children again...Or why should they get life in prison to further be a drain on our jail system....

Health Insurance Option Fails Again : The Frog Jumps From Boiling Water , Right??

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Wed, 30 Sep 2009 07:10:46 -0500

Well, the big money politicians killed the public option again yesterday.

Several were quoted as saying that there was no real support for the public option........What!!!!!!!!!

Apparently, what we need to do is to strip all of Congress and all Washington workers (who have Gov Run Health Care) of their health care until they get this deal settled.

Lets see what they all do when they have their own families are shut out from a needed operation or treatment.

Again, I am not asking for coverage for Illegal Aliens, or self abusing druggies....oh yeah...they already can get free help here in the US.......

I am asking for competition to the Health Insurance Companies that are creating this situation.....The drug companies that sell Lipitor in Canada to their providers for $1.70 per dose and sell it here in the US for $ 4.50 per dose....I know of "Felony Lawbreakers" here in Central Fl that take orders from their friends and neighbors, and make a trip to Mexico a few times a year........yep, they are Felony Lawbreakers, drug runners..... They go down and bring back inhalers made by Squibb and Libby..........here they sell for $80.00 + and in Mexico they sell off the shelf for less than $15.00.

Now these seniors, these long term taxpayers, our Parents, they NEED these drugs to LIVE. Why can they be sold to Mexican Pharmacies in bulk for 500% less than what they are sold for here...We are not talking generics...we are talking about the exact same products coming from the Drug Companies, some being shipped here, and some being shipped to other places....like Canada...Mexico...

Remember 2 years ago when the big Drug companies closed the loophole..I mean paid the Lawmakers to close the loophole that allowed the Canadian Pharmacies to open here in the USA and sell the drugs so much cheaper....FOR THE SAFETY OF THE PUBLIC was why they changed it....

All of us have family members or older friends that are making choices every month between food and their drugs that keep them going....

Why have we sold our rights to the big money interests and cant seem to elect officials that will stop the bleeding.

And who will even make any noise..............Please remember the story of the frog....if you place a frog in warm water, and slowly turn up the heat.. the frog will die in the water when it begins to boil....if you drop the frog in boiling water he will jump out.....I think I feel the heat continuing to rise...........

Realtors Need a Bill Of RIghts...Hmmmm

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 09:49:42 -0500

Wow...I am back on Active Rain...And I love my Air Card Powered netbook that allows me to write comments like this during the day, between stops.

Lets make the point again...I am an independent person with no real "Big Box Broker Franchise" affiliation. A question continues to come up as why we as Realtors HAVE to play the PoP Tart Realtor Game...I NEVER wanted to give my time away, and spent very little time working for the National Franchises that perpetuate the outdated, unprofitable system.

I think its a perception problem that "pop Tart" realtors have created. Pop Tarts just are willing to "pop" out and show houses, drive people around, work for weeks, for nothing. Pop, Pop, Pop.

Let me add Roofers, Plumbers, Day Care Workers, Carpenters, and the vast majority of other workers who get paid for their time. Lets come up with ANY other regulated profession that encourages the public to take our services so lightly.Make a call to any of them for their services for free......somehow, the Real Estate business has created a perception that we are not worthy of getting paid unless the deal closes...every other part of the transaction got paid....but not us....hmmmmm

One of the MOST PROFESSIONAL REALTORS I have ever known is back to part time...she did everything by the book....yet all her hard work did nothing to take care of her needs in the future...meanwhile, the investors she worked with continue to make money every month off the fruits of the deals she put together....Hmmmm

The reason most Realtors have to have investor clients, is that their pay is so erratic that they cannot qualify for a loan....because their pay is so erratic. Anyone see a problem with this.....Hmmmmm

SO, those of us who have the greatest access to deals are not qualified my bank standards to actually take advantage of the deals. If, at some point, customers are guided toward choosing a Realtor who's time is considered valuable, then we will be able to stop this problematic behavior.

Our society rewards consistent,structured pay plans. The only Realtors I know that have done well, are those that have property management income to cover the hills and valleys of our pay cycles. Or a spouse with a good steady paying job. We all KNOW thats the truth.

There are alternatives to making a living in Real Estate that will create a steady income to support our families.

Funny how all the books say that many fortunes have been made in Real Estate, but very, very few have been made by Realtors....its up to us to change how we are perceived and PAID.

A look 2 years back..Mike Norvell

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 09:13:31 -0500

Here is a post from 2 years ago I wrote....I was on my way out at that time of working "regular Real Estate"

Nice to see that I havent changed that much in the last few years.....

PS...I dont even take listings anymore....

Lets Act Like Proffessional Realtors (edit/delete)

Hello All,

With prices continuing to fall, and the mortgage industry all but drying up, we had better just spend our time listing homes that will pass inspections and appraisals. Our job as Realtors is continuing to evolve into total consulting position with a well rounded understanding of the entire home buying, financing, and marketing process. Contingincy offers make you feel good for a minute, but when the property, or the buyer cannot qualify, then we have done all our best efforts for nothing. I am on a record pace for deals that have fallen apart due to a myriad of reasons, but the final outcome is a disapointed seller(and buyer) and no money for me.

We do get paid well for the amount of time we actually spend on a transaction,that closes; we should align ourself with a professsional team around us to insure our deals have a chance to go thru before we just accept contracts.

If we take this same logic and back up a few steps, we see that we should take the same care in pricing and accepting a listing in this market. Our marketing budgets get stretched thin promoting properties that are out of reality but we have an obligation to fulfill our contractual obligations.

Better that we should leave the overpriced listings out there for the competion to go broke with, and spend our resources more efficiantly on the listings that are really sellable. We owe it to ourselves (and our spouses)to earn a living during this market. If we don't stand up for ourselves and do our job, then we will look less professional when our signs just sit on yards for a long time and just expire anyway.

Help encourage your fellow Realtors to regain our collective dignity and agree to leave the overpriced listing table and find the next motivated seller. Work expireds and FSBO's that are motivated, and I will see you in this Realtor only format a year from now. For those of you who feel its thier duty to just go along with whatever the seller wants to price it at, God Bless and I hope your part time job pays enough to pay the bills.

Lets all get more professional and stick to our guns. It will work out for the strong among us.

Mike Norvell Sr

Phone caller Objects to My Opinion

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 09:01:39 -0500

Ahhhhhhh

Welcome back to Active Rain..........

I wrote my first post in many months this morning, and made a reference to the part time soccer moms with a real estate lic. Also, how we as Realtors are "bound" by our code of ethics to give assistance to all those in need. Again, I will restate...I am not here to do those kind of deals, work with those wonderful clients...you can have them all....

I will make a small concession here....I should have included part time soccer dads, or anyone who takes on buyers or sellers that do not really have the qualifications to represent the deals. You know the ones...they cant fill in a contract, do the paperwork, have no real idea of what it takes to make a deal close....

I was also given grief for not being sympathetic to the "potential" home owners that just waste time driving around in my car to look at overpriced homes they cannot afford. I would rather be walking the beach during that same amount of time...again, that's my choice...

My main goal was to state that I choose to work with experienced investors that are willing to commit to me, and will not waste my time.If anyone remembers me, I also do not drop everything to answer my phone....

Hey!!!!!!!! In most any other field this would be considered good career advice. But as Realtors, we are to donate our time, our resources, our experience..

Try this with your doctor, lawyer, or accountant. Lets be clear.......I am here to get paid. I have already paid my dues, many, many years ago. I do not sit around asking for floor time or chasing leads off a website.

All of these wonderful leads and drawn out procedures are left for all those who wish to work this way. I am at least honest enough to say its not for me.

If you are an investor, with cash, that want to find a great deal in Fla Real Estate, Please call me. I work as a Single Agent only, and make no concessions for getting the best deal for MY CLIENT.

Please keep the cards and letters coming...I need the entertainment

Should Home Owners be Judged for "Strategic Defaults"

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 08:36:31 -0500

Is there a real moral question about home owners doing "Strategic Default" foreclosures....what choices do they have. Why should the homeowners pay for 30 years to cover the sins of an industry that got bailed out...

If there is a real poll taken, we would have to be careful of the questions and the persons being called.

When it is your house, or someone in your family, suddenly the whole situation is looked at differently.

If we take the investors and flippers out of the equation, then we are left with the actual homeowners who have unfortunately got caught up in one of the biggest scams in US history. The banks and insurers are getting bailed out, yet the homeowner who is stuck in a home that will never get back to even is supposed to just stay put.

In every neighborhood, there are homes being offered for 50% of what people are now paying mortgages on. In the big picture, supporting your family over the next 20 or so years is the real job of the homeowners. If making a move now that frees up cash to actually support their families, and may lead to having a home that can be sold at a profit in the future, then why not explore the move.

Like it or not...more and more families are making these decisions. There is a home in a nice neighborhood not far from here that sold 4 years ago for 286,000. The home has been sitting empty now for a year, and now the BANK is offering the house for $ 48,000.00. Why is the bank not being held accountable??? They are now agreeing to sell it for this price, is this the real value....What just happened to the rest of the homes in the neighborhood....

Why wouldn't a neighbor down the street just change their street address and lower their payment by 70%. If I were in that position, I would get a lawyer and do it immediately.

This is the decision structure facing homeowners in many areas across the country. They, in good faith, were sold a bill of goods, and now they are faced with financial distress when the ones that perpetuated the debacle are being bailed out, and leaving the homeowners twisting in the wind....

Just my opinion......

Does the Health Insurance Reality get to those without it??

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 08:14:38 -0500

This will be quick....I am doing a marketing job now that puts me in the front door of over 20 business owners a day. One of my points of discussion is the current Health Bill.

My very unofficial poll is that

Those that have a employer paid plan are afraid that it will change...
The employers are hoping there will be completion to lower rates...
Seniors with Medicare are only concerned that it will impact them in any way.
Those without any health coverage at work are hoping there will be an affordable option...soon

Lets get on to another point.....Cobra....anyone who is in favor of the current system has never had to experience Cobra.

Cobra sucks. It should be illegal. Don't tell me that ANYONE actually voted for this travesty. Here is the basics...if you have coverage on your job, and for any reason you lose the job, you have the option of continuing the coverage at an immediate 300% (-+) increase...This is real. This is an outrage yet where is the discussion on this from the people who are fighting public option.

Finally, why do the lawmakers who have GOV ISSUED HEALTHCARE and the Seniors who have GOV ISSUED HEALTHCARE fight the rest of us getting a similar plan to have available to our families and employees.

Did you know that the only industry in America that has an exemption to the Anti-Trust Monopoly (Sherman Act) is the health insurance industry...........

Do you think they want any competion...go look it up.

Please don't bring up any crap about illegal aliens...blah blah blah...just look in the mirror...go to my Facebook page and see pics of MY FAMILY...I have 5 sons...they have families...only one of them has employer provided health insurance....

If other countries can do it...why cant we....

My wife is the office manager of a Law Firm...she takes a little pill every day for thyroid...non smoker, great health, no problems....but she does not qualify for individual plans from Blue Cross..at all. One of the workers that had to quit her firm had her premiums immediately escalate to over $1000.00 per month....why does she suddenly have a higher risk, after years of no problems...

Look around and see all those who are not at the town hall meetings screaming....we have jobs, we are having our checks deducted every week to pay for the healthcare of all those screamers........

Just my opinion........a level playing field for all that pay taxes as AMERICAN Citizens is all I ask

Dusty In the Rain

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 29 Sep 2009 07:18:32 -0500

Good Morning..

I am looking at Active Rain for the first time in months. I, a former avid blogger here on Active Rain, have gotten dusty. I took a much needed break that has gained me a more diversified opinion. Real Estate is local, and I have been working, in different markets across our country. Finally, Fla, my home for all my life, is ripe for doing business again........

I look around and see a lot of new faces...and some old familiar ones..

Who are all these new people.. where were they when many of us were fighting to stay alive in a business that was in a steady decline. Were they there and just not on Active Rain...or were they lucky enought to just be getting started and missed the big fall....

I recently began calling on my "old List" of Realtor friends. Most of them now go to voice mail. That's what happens when you now have a job that does not allow the phone to be answered at all times. (note: this was the subject of many Active Rain posts in the past!!)

As a Florida based Realtor of more than 20 years, I feel I recognise the cycles and this is the time to get back in. My background of working with investors and for my own portfolio gives me a different perspective. I have never really had the patience or political correctness to deal with families trying to buy houses:

1)That they could not afford

2) Were actually overpriced

3) And Most importantly, had little or no loyalty or consideration for my time or income.

Number three states in writing what many Realtors will not put out there...I could not be less concerned.. One of my mentors in the business only does Single Agency deals, and only works with buyers if they go under contract with him.

By the way, he did very well for over 30 years in the field...and was an active investor for good deals throughout his career, making him a bona fide millionaire many times over through his real estate holdings. He did a tremendous amount of partnering with investors with money to spend that valued his skill and knowledge. I guarantee these client/partners did not drop him or attempt to circumvent him over something as trivial as commissions.

I know the current standard way of buying a house with appraisers and banks is almost a no win...I also know that I have been involved in literally hundreds of owner financing deals...in fact most of my own deals have involved some form of owner participation. I believe its time for the old fashioned deal makers to get back in the game...most of us, however dusty, still remember how to make deals close without banks...We do however still have a strong allegiance to Lawyers......

The real value, in my opinion, of being a Realtor is the access to information. What we have to offer clients is extremely valuable, and should not be offered out to the public like candy at a home show booth. What I see is the public viewing us by the lowest common denominator.

Don't compare me and my years of investment experience to a new house wife, part time Realtor showing listings with their only concern to close a deal...any deal. Don't compare what an experienced professional can offer with the eager beaver "Pop Tart" Realtor who will just take days and weeks of their time with those who are not qualified, and will have ZERO loyalty to that Realtor when they suddenly find a "great deal" from a FSBO.

No, I only want to work with cash investors who know what they want, and are willing to pay me to find it for them. In the last year, I have been involved in such a variety of REO Real Estate deals on a national scale, and most recently REO deals in the state of Fl. The knowledge and experience that I bring to the table now for a client is not available on books and tapes.If it was, I would have gladly paid for it rather than to have lived it....

For anyone who will follow me, I will begin to start blogging again, covering what is real and what is fantasy in the investment side of Real Estate.

I believe its time to get a shower........being dusty in the Rain leads to just being muddy....see you all later.

Feel Like Writing Again

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 16 Jul 2009 15:05:29 -0500

After a fairly long absense, I have deecided its time to start writing again.

While much of what I might have to say is not that helpful for many of the readers, I do believe it is helpful to me to clearly express the views I have on the business.

I used to make no less than 3-5 posts a week here, and find myself going back now to revist...Funny how a written story can reach out and touch you again.... THe power of words..

I really find myself drawn to many of the old posts written by a few of my favorite old buddies here on Active Rain. THere are some that I have read from their first post to thier last.....I know I am not alone in thinking that I really almost know someone after reading thier posts going back year or more.........

OK,,,,,,The ice is broken, and I will now start to find "my Voice" again....

Best Wishes to All

I have Wondered about the Words( is this About American Idol/)

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 21 May 2009 08:04:27 -0500

As I was adding a comment this morning to a post, I came to the little box that requires you to type in the letters to confirm that you are a person instead of a bot...I think thats the reason..

I have seen many that made me pause, or were just actually difficult to type.....but today, it seems to be conducting a survey....I did not see the choice for happily married.... and straight

I did ask my wife about this, and she said I definately am not gay, or I would tend to dress myself beyond the blue color spectrum without outside help.......hmmmmm

Shoot, with a post like this, I could run for Miss California.......Hello....has anyone seen Donald Trump

###################################################

What does the graphic say?

Some days I am not sure of my choices. thanks Active Rain

Local Realtors Wanted....Find the local Gems

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Tue, 05 May 2009 08:10:08 -0500

Hello all....

What a nice day it is here in Sunny Fl.

I am working with 2 groups that are taking small groups of REOs and selling them "retail". Now, I know that most of these were for sale retail before, but now we have different motivations than the bank did. We actually will call back, communicate, and make a deal. How refreshing!!!

Many of these properties are available for owner financing, and we have broken the list down a few ways. For investors, there is a 1 thru 10 price, and then 11 or more. I beleive you will find these prices are very workable.

WE also are interested in small groups of homes that can be purchased directly from banks or institutions. We really are seeking sales of 10 units or more, and of course will pay cash at closing. Many regional banks have a need to sell off their inventory, please contact us to start immediate negotiations.

Most all locations accross the country will qualify, as long as the pricing is in line with the local economy. We are working now with one smart agent who pulled info off the MLS of Bank Owned deals and set up a deal... Nice way to sell 9 homes at one time.........

We will of course work closely with the Realtor that brought the deal to us, and will look to have that party to handle the deal locally. We are very interested in long term holds, and seek property managers to co ordinate the monthly transactions.

Any questions..........

Clarity Needed in the REO Rain Puddle

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 16 Apr 2009 21:26:50 -0500

Last week I wrote a post that covered some of the difficulty in marketing a Bulk REO Package directly for the seller. Unfortuneatly, some one got the complete list of homes, including addresses, and posted them on the web. Within days, this small S California REO Package was being hawked all over the web.

That did not change the fact that I am sellers Rep on the package. But in the REO Broker World, there is a huge game of smoke and mirrors that use real packages like this to attract buyers into a bait and switch game.

The Joker Broker finds a package like this and markets it as his own. Once the Joker Broker has a buyer, he simply plays bait and switch to find the buyer another deal.........

I had a comment on my blog after telling some of the issues I was running into trying to market this package of homes. I did get a responce, and have decided to give the commentor some free air time.....If anyone does not like it, then delete this post........

THe comment is below, with my responce to follow his...............

We work directly with a Pension Fund and a Hedge Fund that provides Bulk REO Packages customized to your request. Packages range from $1M to $50M and can be zip code, City, State or Nationwide. Submit a POF and a request describing what you want.

We do not work with available tapes just because of the same outcome that you spoke about in your blog. We find it to be a waste of time.

Our goal is to establish longstanding relationships with our clients and the Institutions that we work with. We save our clients the headache of having to sift through mountains of old and circulated offers presented by Intermediaries and Broker Daisy Chains.

Brian Benton

Real Estate Solutions Team
bulkreos@davebenton.com

APR

Brian,

To clairfy my position, I only work with sellers or seller reps that actually own inventory and are willing to prove it.

I would appreciate the same clarity in your reply as well......Instead of saying, a generic phrase that I have heard and waited on literally 50 times. what I would love to hear is that you are supplying packages based on the clients LOI criteria and have a list of satisfied repeat buyers that will provide testimony to this effect.

My inbox is full of the claim that they can get me custom packages, but when pushed, have no proof to offer that they have done anything at all. In fact, I keep a neat little log that prompts me to call back on these parties weeks and months into the future........the very big majority have yet to get thier deals done. The rest have given up and are back to doing something else.....

Thats why I am so pleased to find real sellers who allow me to market REAL, VERIFIABLE Inventory....

Anything I write in here I can back up 100%.........My main point was that I am the Sellers Rep on this and many other smaller bulk pacakges. We can provide proof of the validity of not only the seller, but of the packages as well.

If in fact you can provide any proof of your ability to provide custom packages....I will sing your praises both here and on any other forum of your chosing....

I did not mean to turn this into a challenge.......Its just so tiring to have spents SOOOOOOOOOO Long to finally be working with REAL Inventory.....No Chains...........Please be willing to prove that you are in fact able to provide custom packages, and that you have been providing these types of orders.........

Why Use one Ruler To Measure all Properties

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 16 Apr 2009 20:32:12 -0500

For those who are chasing thier tails...Looking for an answer to Small Bulk REO Packages.....Take heart.

There are real packages, nice small packages that can be bought. They are not always where you want them.

They are not always in your back yard.

They do not always look like a package.

They will have some houses that aren't pretty.

PS.........this is REO, right??? These home were not paid for, sat empty without maintenance, possibly stripped of interior fixtures.

WHat do you think you get for 30 cents on the current BPO......

Imagine that you wanted to buy an entire car lot at one time......Imagine that Car Lot A is all used cars, some ready to go, some not ......

Now imagine Lot B is all new cars...

same amount of cars......which would you buy first??? Would you be willing to pay more for the new cars...after all, its a bulk sale right??

We are working with some very nice bulk deals here in Fl, and accross the country as well. Presently we are working for a bank/developer for a beautiful group of brand new houses and models full of upgrades.....Yet, here we have investor groups using comps to establish values of our brand new houses....By using ten year old homes in the surrounding neighborhoods.

Luckily, with patience, we can impress on a real investor that New Homes will certianly have a greater value. But it does take patience to get thru to the ones that only want to bid a pre concieved percentage on a per unit price.

Yes folks, packages are available. But all packages are not created equal. Please don't try to price them that way.

We also have some packages that are definately "Lot A".....Go figure, there will be work involved in making these all livable and ready to sell to the public again..

Happy Hunting

Mike Norvell Sr

Working Real Packages Takes Patience, Norvell Consulting Group

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 09 Apr 2009 21:24:17 -0500

For those who are chasing thier tails...Looking for an answer to Small Bulk REO Packages.....Take heart.

There are real packages, nice small packages that can be bought. They are not always where you want them.

They are not always in your back yard.

They do not always look like a package.

They will have some houses that aren't pretty.

PS.........this is REO, right??? These home were not paid for, sat empty without maintenance, possibly stripped of interior fixtures.

WHat do you think you get for 30 cents on the current BPO......

Imagine that you wanted to buy an entire car lot at one time......Imagine that Car Lot A is all used cars, some ready to go, some not ......

Now imagine Lot B is all new cars...

same amount of cars......which would you buy first??? Would you be willing to pay more for the new cars...after all, its a bulk sale right??

Yes folks, packages are available. But all packages are not created equal. Please don't try to price them that way.

We also have some packages that are definately "Lot A".....Go figure, there will be work involved in making these all livable and ready to sell to the public again..

Happy Hunting

Mike Norvell Sr

S. California Bulk REO Package Offered By Mike Norvell Sr

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Thu, 09 Apr 2009 07:42:52 -0500

Immediate Sale needed for a Smaller 3.1 million dollar S. Cal package.

This package got put on the web, and it went crazy......but to date, Thursday April 9, 2009.......not one contract was executed with a hard deposit.

Look, this is for a buy and Hold investor, to take these and put them on the market for a 3 - 6 month hold and sell them one by one.

Its too small to do a big flip and hit the lottery, this deal needs to be sold retail and make a very nice profit in a reasonalble time...Remember when investors were willing to buy and wait more than a week for a big profit.....That kind of investor is needed here.

I AM DIRECT TO THE SELLER>>>>>>>>> so many Jokers were claiming to be direct to the package.........This is simple...

.Call me..verify that you are the buyer,
that you have 3 million to spend........and
I will put you on conference with the principle....
Then, recieve the full package, including property pics
Agree to take title on the pacakge.......Every one is so far is only interested in doing a flip.....Its too small to make a killing with a flip!!!! Sorry!!

I HAVE BEEN INVOLVED IN OVER 9 TRANSACTIONS WITH THIS PACKAGE.......NOT ONE DIME HAS BEEN PLACED IN DEPOSIT..
IF YOU DONT HAVE 3.1 MILLION, PLEASE QUIT WASTING TIME WHILE YOU TRY TO TIE THIS UP TO FLIP.....

I have actually had this discussion with several...." There wont be enough profit for the end seller once I mark it up for my profit......OK>>> That has been established......

Lets make deal.....Small Cal Deal.......For an end user who thinks making a 30% return is a good thing to do........

MikeNorvell@EARTHLINK.NET
(352) 408-7111

Conference Calls , as short tale by Mike Norvell Sr

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Sun, 05 Apr 2009 12:42:14 -0500

Ok, Ok....Who hasn't heard the pitch. Sign up now, with all your buyer information, get all the fee agreements signed, and when the package comes in.....

But this week, I heard it three times, and one of them took the cake.

It was my first "conference call" in a while. I have had my fill of these conference calls, and most of them go nowhere, and take a long time to do it.

This one was nearly an hour. With in a few minutes, I put my phone on Mute and took a walk while listening on my headset.

My short walk is down to the stop sign and back, right at 1.2 miles......The call was still going on.....an on....

But, one of the participants was a very experienced party, and he began to attack the hosts on a point by point analysis. His points were:

1) How well do you know the seller broker...

2) How many of these deals have you seen go thru....

3) How many parties are between you and the seller you don't know...

4) Why should we be willing to sign over 20 pages of documents with parties we don't know, for a deal that has not been done yet, with a seller group that cannot be disclosed because of their affiliation with the Federal Government...

5) How long have you been involved with this Broker Group that you are so willing to put your integrity on the line for them.

6) Who are the parties again, (oh yeah...can't tell us) how do the points on the fee agreement get split......

7) Why would we wish to be involved in paying the "unknown" Broker parties four percent that we get none of..........

8) Why in the hell did the conversation not begin with this last point,,,, Blah Blah Blah Blah

About this time I was repairing the sink in the bathroom, a chore I had been putting off for some time. As the parties agreed to say good bye, I saw the time expired on my phone was 57 minutes....I chucked to myself as I was testing the sink trap that I had just replaced....I chimed back in long enough to say good by...great conference call!!!

I think I was the only one who actually did not waste the last hour........

REO Package Goes Viral/ Joker Brokers Go Wild

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Sun, 05 Apr 2009 11:48:12 -0500

Three weeks ago, an opportunity came up to market a package as Sellers Rep for an Investor Group. I partner on a regular basis on deals with Mike G, and we were told that this nice little Cal package had only been given to 3 people, who were instructed to only provide the package to verified actual buyers.We happily accepted the opportunity to market this package, with the understanding of first come, first served.

Fair Enough.

Now, a representative can be direct, and not exclusive. Which means that other groups besides us have the opportunity to bring REAL BUYERS to the table for a contract.

This is the way that this business should work. Only the actual buyer should get the full package, and it should be made EXTREMELY clear that it should be held very close to the principle buyer only.

But one person broke the trust, and sent it to a JOKER BROKER, who put IT ON AN EMAIL LIST and it was suddenly on the WEB. I have personally never seen a package get so spammed.

This weekend, I got wind of a huge fight brewing over this Cal package involving a dozen brokers I have never heard of. One of them actually took the time to write me an email threatening me with extreme legal action for my false representations on this package. If this guy was not so serious, it would actually be quite funny.

It gets to the point, where even as the sellers rep, no one wants to believe me when I am promoting the package. Its even more ridiculous when the actual seller is not believed because others are claiming to own the deal and are doing a better job of lying than we are of telling the truth.

The good news is, we now have 4 contract offers on the package, and the seller is going to make a deal with one of these buyers this week.

As a seller rep, (direct but not exclusive), we now have several more packages that we are marketing for this same seller. And yet, most of the inquiries I have received in the last few days are from brokers, who insist I send them the tape first. They won't accept the fact that this is a terrible thing. The rules are clear. We are supposed to send the packages to the actual buyer only.

If this rule was adhered to, the majority of the BS we encounter would disappear overnight.

Another rule should be, if you don't have either the seller or the buyer on speed dial, and you continue to waste hours and weeks on dealing with other Joker Brokers who don't know either, then you should just stop and get some real facts about the deal....

My First Real Post on Active Rain 2007

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Fri, 27 Mar 2009 11:24:15 -0500

Lets Act Like Proffessional Realtors

Beware the Bums Rush! According to Mike Norvell Sr

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Fri, 27 Mar 2009 11:15:18 -0500

Ok...who in this forum hasn't given up a day, a week of their life for a deal that got away. Maybe it did not exist!! I am so guilty, but it won't happen to me or my clients.

One of my mentors, who has done extremely well, used to warn me of THE BUMS RUSH. That's a deal that has to be done yesterday to take advantage of this wonderful opportunity.

They will immediately email an impressive NCND, Fee Agreement, and request a LOI by the next tick of the clock or it will be too late.

Most of the time its already too late. How many reading this have seen the same deal presented week after week by new people. How many have had their own deals repackaged and presented back too them as fresh deals???

The facts are, it takes time to buy anything. I have never seen a single house bought and sold in one day, much less a bulk billion dollar package.

The BUMS RUSH stops people from exercising normal good judgment. Of the deals I have seen go thru, the common grounds are:

1) Verified buyer,.................

2) Verified Seller....................

3) Verified Properties.......................

4) Actual Cash Deposit in Escrow

5) Actual Due Diligence Performed by the Buyer Team

6) Negotiations by Buyer and Seller Team

7) Close and Fund

Have you ever called a closing/title company and tried the BUMS RUSH??
How about the County Clerks office to get the deeds processed in a day???
Is it really conceivable to do Due Diligence on 47 homes in 2 days???

Should't this deal be ran past an Attorney ??
In all this Bums Rush did you even bother to get some of the facts straight???

Now, I do agree that if the deal looks good, and the buyer and seller are verified, then by all means demand a contract, make the escrow deposit, and get moving on due diligence.

Only then can we get to negotiations and fee agreements. I recommend that serious buyers have a "Package" of docs and procedures ready to go for the deal they wish to tie up.

There are deals snatched up by Professional Buying Groups who are prepared to purchase, and have an acquisitions team that does not waste time. That's not Bums Rush...that's being prepared to recognise and seize opportunity.

I won't succumb to the Bums Rush....Neither should You

Norvell Consulting Group Mini Bulk REO Deals...

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Fri, 27 Mar 2009 10:04:42 -0500

Hello...This is to buyers reps or direct buyers only please.

I am in contract with a ACTUAL DIRECT Sellers Rep who is Currently assigned the task of breaking down a larger package and selling them in smaller bites.

It is a simple protocol.

Call me if you will, and we can discuss the different areas that are available right now, and whats coming up.

We don't need a big FancyLOI POF deal, but if you have one that's OK too. These are small deals, and will go quickly.

All we need is a basic NDA, which I will provide, and a very generic outline of what the Buyer is looking for. Price, Location, Terms...again, from the BUYER.

Some of these are Midwestern Packages for as little as 500k take down, and they have an included exit strategy in place to either assist in the cleaning/marketing/sales/lease options or to handle the entire transaction with weekly reports. Dealing with a experienced company with in place personnel should take the risk out of buying outside of your back yard.

The balance of the packages are nationwide, starting at the low takedown price of 3 mill, and the discounts are relevant to the area. For example, Georgia/ Florida is cheaper than California/ New York, and we also just got a package in from a bank.....Nevada only, 5.2 million takedown with very recent BPOs.

I know every one has their share of horror stories....too bad....When we have more time I will buy you a beer and listen..But not today!!!! ..I don't care how bad you or your buyer has been lied to in the past. Hard Proofing will be step # 2 after a phone call direct to the buyer. Buyers Reps are welcome, just bring the buyer too, and have the Buyer create a current Buyers Rep letter, signed and notarized by the buyer...

My goal here is to have a number of smooth, direct, buyer seller transactions....For those of you who know me already, you know I have seen most of the tricks, and done all the conference calls I care to do.

If you call with anyone other than the actual buyer on the phone, I have been known to politely hang up. If you KNOW a buyer rep that is direct, please save us all time and have that person call, and then we need to get direct to the buyer, and the proofing......

For those that are still interested, these are large institutional packages that have been purchased by an group that is selling in smaller bites.

1) If your buyer only proofs directly to the institution, we are the institution. The buyer can deal directly with the authorized seller rep ....no games here...
2) If your buyer demands a LOA, we will provide that 5 minutes after hard proofing, Attorney to Bank, or

Attorney to Attorney. There are a few relevant choices, but NO PACKAGE TAPE WILL BE DELIVERED WITHOUT PROOFING FIRST>
3) We do not compile these packages, they are grouped by the seller in relevant sizes and by Location.
4) Exit strategies are available upon request for successful buyers. This is a service provided to assist the new owner on purchases not in his "Back yard" This is not a free service, and is offered outside of this deal by other parties not associated with the seller.
5) Initial Purchase Protocol will include,NDA, Hard Proofing, LOA, Contract, Fee Agreement, Escrow Deposit, Wire Instructions/Paymaster, Due Diligence, and Close.

6) Finally.........[b] There will be NO Packages, scrubbed or not, to anyone other than a proofed up B

uyer.... If for some reason the Buyer shares the sanitized list with someone and it gets put on the web, the buyers deposit will be forfeited. After the buyer has purchased the package, he can spread the deal to a thousand mailboxes, but we have the intent that this program will not work that way.

Mikenorvell@earthlink.net

Norvell Consulting Group on Active Rain'-Again Working In Fla

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Fri, 27 Mar 2009 09:52:52 -0500

This post is probably a bit overdue.

I have decided ( a while ago) to form a consulting business as my primary marketing arm for what I do. Yes, I still am a Licensed agent, not a broker yet, maybe I will never get a brokers license. In the next week I will make a decision as to where I want to hang my agents license.

You can bet it will be with a group that deals primarily in investment and commercial deals. I have great leads on Builder Closeouts, fractured condos, stalled projects, and all kinds of deals that should be ready to go here in FLorida. Or I may just stay where I am at, you never know...... Rick and I have been Friends for nearly 20 yrs...

But, aside from just being a Realtor, I love the business of Marketing & Consulting. This title takes into account many skills, allows you to wear many hats. Dealing with investors is not just finding good deals, its much more. It involves finding deals that you can also set up a profitable exit strategy as well.

With a good exit strategy, investors won't have to look at a deal very hard. We can show them the way in, we can also show them a way out!! So, that will be my main focus. Find deals that I can also create an investment strategy for my clients.

Oh yeah, my feeling about being a single agent are still the same. Makes no sense to me to try to work both sides of a deal. I like knowing what I am representing, who is the client.I believe the clients like it better as well.

In the meantime, I would like to talk to those who have great deals for investors in the Fl area. On a Bulk REO basis, I would love to hear about any BULK REO on a Nationwide basis. We do currently have interests in BANK OWNED properties in Fl, smaller deals to medium. Cash to close for the right packages..Try me....

Lets go make a deal.........I love investing

Norvell Consulting Group on Active Rain'

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Sun, 15 Mar 2009 15:39:57 -0500

This post is probably a bit overdue.

I have decided ( a while ago) to form a consulting business as my primary marketing arm for what I do. Yes, I still am a Licensed agent, not a brokeryet, maybe I will never get a brokers license. In the next week I will make a decision as to where I want to hang my agents license.

But, aside from just being a Realtor, I love the business of Consulting. This title takes into account many skills, allows you to wear many hats. Dealing with investors is not just finding good deals, its much more. It involves finding deals that you can also set up a profitable exit strategy as well.

With a good exit strategy, investors won't have to look at a deal very hard. So, that will be my main focus. Find deals that I can also create an investment strategy for my clients.

Oh yeah, my feeling about being a single agent are still the same. Makes no sense to me to try to work both sides of a deal. I like knowing what I am representing, who is the client.

In the meantime, I would like to talk to those who have great deals for investors in the Fl area. On a Bulk REO basis, I would love to hear about any BULK REO on a Nationwide basis.

Lets go make a deal.........I love investing

Getting Back in the Real Estate Business

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Sun, 15 Mar 2009 14:37:37 -0500

I am a Realtor in Central Florida. I have had a license for nearly twenty years.

During that time I have worked mainly with investors and bought many good Real Estate Deals myself.

In the last year, I took off from regular Real Estate and did other business, working with investors doing evaluations on larger projects. But in Fla, the numbers always came out the same....Don't Buy...Don"t Buy

I did a lot of study into the market, and Last Jan, 2008, I could not actually do a pro forma that used current info that would justify a purchase at normal Realtor CMA pricing. We did attempt to factor in downward pricing, but the values were continuing to fall.

The banks were in total denial at that time, and short sales were all I was doing. Suddenly I had over 70 deals and no one that could close.

Its a year later, and I feel better about getting back into the market. I have been traveling Fl for the last year, and have seen houses and entire subdivisions continue to fall, but it seems to be leveling off now.

In discussing the deals across our fine state, I feel its time to get back in to selling Florida. The prices are low enough now to cash flow the deals, and that's all we ever needed. The old run up of prices made no sense, the last one left holding the property was destined to lose.....I saw it, I wrote about it and was called negative.

But, I did survive by taking a break from the business. I look forward to working with local investors again, because the new name of the game is built in equity at these prices.

Florida Real Estate prices will continue to fall, but I can forecast a bottom. There are definitely areas of Florida that will recover faster, or at least quit falling and level off. For investors, this is good enough.

Its time to get busy on Investment deals again. Lets go do deals.

Bulk REO Packages in the Rust Belt

Mike Norvell Sr / Norvell Consulting Group (Norvell Consulting Group) — Sun, 15 Mar 2009 11:22:16 -0500

The recent TARP Plan is already showing it will do little for the hardest hit areas of the country. I have been watching the reruns on C-SPAN TV, and have seen the parade of Represetatives from Indiana, Illinois, Michigan and Ohio tell their story. Basically, TARP has done nothing for the blighted areas in thier districts.

As a Consultant/Broker working in REO Packages, I recently have been getting flooded with the Rust Belt areas. One of our investors was willing to go into contract on on package where the BPO / LTV values were in the low 20% ranges. Proper due dilligence requires taking a closer look not only at the pricing discounts, but the exit strategy for the buyer as well. Buying homes in bulk for a discount only makes sense if they can be sold later.

http://www.nytimes.com/2009/03/08/magazine/08Foreclosure-t.html

Most of these REO Packages are selling for a total purchase price from $500,000 to $3,000,000. We have a package now, just released, that has over 40 homes for a purchase price of $1,299. each. Actually, the homes are being sold A La Carte, so taxes, closing costs, and other fees (including commission) are added on top for an average total of between $5,000. and $6,000.

The biggest issue with these areas come from the Report that the Investor and some local Brokers we engaged came up with this week. Many of these homes are in areas so hard hit by unemployment, and by local taxing authorities that refuse to value the properties at current values. Believe it or not, many of these homes that can't be sold for $20,000 right now are still on the tax rolls for three and four times that amount.

We do have a package where the local authorities have made a deal with an large Bulk REO Investor for a flat fee on some 50 homes in its district. Irregardless of back fees, taxes, ect, a new investor will be able to come in for a flat amount to start over.

Now, that's a move that's designed to create opportunity, instead of creating road blocks.

We were looking at another package that has about 70 homes in it, in Indiana. There, the community is allowing normal zoning to be altered very easily for "clean" business, such as offices, small print companies, and most any kind of "quiet & clean" business to move in. They realize that something different will have to happen to get their own communities going again.

My point in this story is that TARP and these programs will not come in and save these areas. Thankfully, we are making contact with positive forward thinking entrepreneurs that are going to make it happen. We cannot wait on a Gov Bailout for these areas. it will have to be done by us.

If you are such a person, in this kind of area, we would love to hear from you. Our investors will buy them if you will help us turn them back into homes and businesses again.