Eventually, you'll have an investor client who needs to close on a deal ASAP, and needs immediate cash to purchase the property they want. Eventually you'll have a retail client whose financing is rejected during escrow, and just needs a bit more time to be approved for a mortgage. In the meantime, these deals are usually failures and everyone walks away empty-handed.
A solution to these two very common issues is hard money. Many agents overlook this as an option, when they could be using it to expand their client base, … (1 comments)
real estate auction: At Foreclosure Auction, We Celebrate The Wins & The Losses.
- 04/16/14 03:28 AM
The foreclosure auction is a place of unbridled capitalism. The property being auctioned by the Trustee goes to the highest bidder. My company helps investors in determining the maximum bid they should make to achieve their investment objective. Anything more, and they are undercutting the profit they wish to make. Sometimes we are outbid, and my clients feel bad about this, but I tell all my clients that they should celebrate the deal they didn’t get as much as the bid they win! When we lose a bid, it usually means the bidder who won paid too much! There are … (0 comments)
real estate auction: Has ‘Fix and Flip’ Now Moved To ‘Fix and Hold’?
- 03/26/14 04:23 AM
I have been investing in real estate for 16 years, mostly by buying properties at the foreclosure auction. For most of that time, I have been a ‘fix and flip’ investor, buying houses well below actual market value, paint them and add new carpets and some other cosmetic improvements and then quickly selling them. And I made a fortune doing it.
In order to make money doing this, there has to be sufficient spread between the selling price at auction, and the actual market value. You have to figure in all your costs for improvement and all the holding … (0 comments)
Utilize a day with industry leader and expert Rick Rickert and open up powerful conversations and new possibilities for you and your career. Trustee Sale Basics 3 CE Credits Inventory not on MLS Lowest price point Fastest aquisition time De-mystifying the trustee sale process Developing a powerful client presentation Hard Money Made Easy 3 CE Credits Understanding and sourcing hard money Leveraging and calculating hard money costs De-mystifying the "fear factor" Learn to close a deal "same day" Developing powerful conversations with your clients Extra Training Utilize tools to enter the space How to acquire, maintain and … (0 comments)
real estate auction: In 2014, Consider Tapping Into A Hidden Market For Success
- 12/30/13 05:39 AM
It’s the time of the year for reflecting on the progress….or lack of progress that we are making towards our goals. We can be brutally honest, as this is a self-assessment. As a real estate professional, it all comes down to two things: 1. Did I make more sales and money than I did last year? 2. Do I have a plan for 2014 to make this my best year in the business? Look, you are a professional. You shouldn’t have to work like a plough horse, doing the same thing over and over without moving ahead in your career. … (0 comments)
NOT WHEN YOU NEED ONE! 
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