Phil Pustejovsky Real Estate Investing Blog
The 3 Best Real Estate Investing Strategies for 2012
What are the 3 best real estate investing strategies for 2012? After carefully analyzing market reports, studying recent trends and looking at where we are making the most money in the business right now, three real estate investing strategies emerged as the most accessible and the most profitable for the new year. By focusing your efforts on these three strategies, you can make 2012 your best year in real estate ever! That's right, even in this down market, there is tremendous opportunity … [Read More...]
Is New Gov’t Foreclosure Plan a Good Deal?
Federal Reserve Chairman, Ben Bernanke, cited a plan to pilot a program early this year which would convert government-owned foreclosure properties into rentals. Foreclosures now owned by Fannie Mae, Freddie Mac and HUD would be sold to investors in bulk. Is this new government foreclosure plan a good deal?After recently acquiring $450 million in vacant foreclosed homes with a plan to rent them out, John Brady, Oaktree Capital Management's head of global real estate, said, "We believe that this … [Read More...]
What’s the Best Day to List a Property?
Have you ever asked yourself the question, "What's the best day to list a property?" The fact is, more than 90% of residential real estate is sold through the Multiple Listing Service (MLS). Sometimes, it seems that real estate investors shun mainstream channels of marketing such as the MLS for more creative techniques. This can be a very big mistake because the vast majority of retail buyers (people that want to buy to live in the property) locate properties by working with a buyer's agent … [Read More...]
Are Short Sales on the Rise?
The latest statistics suggest that short sales are on the rise and foreclosures are on the decline. According to research from Moody's Investors Service, in August 2009, short sales accounted for 8% of bank distressed property sales. As of mid 2011, short sales have jumped to more than 25%. Meanwhile, the time it took for a borrower to go to foreclosure grew from an average 14 months in early 2009 to 24 months in mid 2011. Why are short sales on the rise and foreclosures on the … [Read More...]
Is HAFA a Failure?
Is the Treasury Department's Home Affordable Foreclosure Alternatives (HAFA) program a complete failure? It was introduced to help borrowers who couldn't qualify for the Home Affordable Modification Program (HEMP) complete a short sale (as well as expedite the process...which is an oxymoron in and of itself; the government helping private enterprise be more efficient, ha!). Now, after 15 months, the $4.1 Billion program has disbursed $9.5 million and accounted for only 8,541 short sales. To … [Read More...]
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