short sales: Illegal Double Closings in RealEstate? - 10/30/09 02:45 PM
As a property investor it's important to keep up with trends and news, but you also need to be able to separate fact from fiction! One of the biggest false stories in the media recently has been claims that double closings are illegal. They are not.
This misinformation has arisen from a number of indictments on what the media has described as "property flipping scams" which is totally different to double closings. Under the double closing system, the funds from the second closing are used to pay out the first closing.
An escrow system is used so the agent, or middleman, … (1 comments)

short sales: Infomercial Reality Check Investing In Bulk Foreclosures - 10/15/09 07:50 AM
During the interest only boom, banks stupidly gave out money like cotton candy at the fair. Caught up in this give away were tens of thousands of unfortunate souls who otherwise would have never seen the inside of a home in a regular market, who's properties are now owned by banks who are desperate to get rid of them any way they can.
There are a few big investors making amazing cash flow numbers from these properties, but by and large there are only a few small investors who have the know how to get it done. This is a shame … (0 comments)

short sales: Learn How to Turn your Bank cds, 401k, Savings into a Cashflow Money Machine! - 10/10/09 06:39 AM
"Private Lending" refers to the process of borrowing real estate investment funds from private individuals at rates higher than these lenders can normally achieve in the marketplace. The attraction of private lending is the speed and ease of funding a deal.
Here's how it works...first you find or do marketing to find individuals interested in earning 10-12% interest (or whatever you deem affordable for you and attractive to others) on investments secured with real estate. You'll find these prospects everywhere. They belong to your local investors association, your church, your civic club, they're your friends and family, your neighbor next door. … (0 comments)

short sales: Back to the Basics is Key to Riches with Bulk Foreclosure Properties - 03/26/09 06:55 AM
We've all heard it..."no other industry has created more millionaires than real estate." It's what got me excited about investing in real estate and probably you too. There's also probably no other industry that claims you can do it over night as much as the real estate industry. Although it's tempting to chase the "get-rich-quick" idea, if you really think about it, how many people do you really know that got rich quick? (I'm not talking about someone you read in the paper either.)
How often in the media do we hear about the 50 year old guy (or gal) who … (0 comments)

 

Cherry Pick

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Banks Are Throwing Properties Out Like Trash…For Pennies


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