Mortgage Loan Forgiveness

Mortgage Loan Forgiveness is Here!

Mortgage loan forgiveness is for real and it is here. How? Back in the spring of 2012, federal banking regulators settled with 14 major mortgage servicers over alleged foreclosure abuses to the tune of $25 Billion. Among the 14, included industry leaders such as Bank of America, JPMorgan Chase, Citibank and Wells Fargo. Now, homeowners are opening letters from these companies and nearly fainting when they read the substance of the letter which describes complete mortgage loan forgiveness. Here's … [Read more...]

how_to_make_money_in_real_estate

How to Make Money in Real Estate

Discovering how to make money in real estate can be a daunting experience. Real estate is a vast subject matter and millions of people earn a living (and some actually become fabulously wealthy) from real estate. After being a part of more than 1,000 real estate transactions over the past decade personally, along with coaching and training thousands of investors from all walks of life throughout the United States and Canada, I've heard, seen and done enough in real estate to simplify for you how … [Read more...]

is_buying_a_foreclosure_a_good_idea

Is Buying a Foreclosure a Good Idea?

Is buying a foreclosure a good idea? Maybe. Are you looking to buy a home to live in or are you an investor? If you're goal is to occupy the property as your primary residence, buying a foreclosure may be right for you. You can get more bang for your buck by purchasing a home that needs a little TLC. But if you are a real estate investor, buying a foreclosure may not be a good idea at all. Here are four important steps to follow when buying a foreclosure to live in as your home: Hire a … [Read more...]

best_real_estate_investing_book_cover

Best Real Estate Investing Book Ever Written

Perhaps I am a bit bias when I claim that my new book, "How to be a Real Estate Investor," is the best real estate investing book ever written. This is the book I wish I would have read (I wish it would have been written) when I first got started investing in real estate. It provides a complete picture of how to become a successful real estate investor in today's market and covers all aspects of investing, from the more traditional techniques all the way to the most advanced creative strategies. … [Read more...]

real_estate_investor_clubs

Are Real Estate Investor Clubs Helpful?

Are real estate investor clubs a productive use of your time to attend? I get this question a lot. Real estate investment clubs have been around for decades and most are non-profit associations whose members gather together monthly to share ideas and network. The larger the city, the larger the group, and in some cities, there are more than one in the same city. On the surface, real estate investor clubs seem like ideal meetings for local investors to attend. However, there are some things to … [Read more...]

the_3_best_real_estate_investing_strategies_for_2012

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_Govt_Foreclosure_Plan_a_Good_Deal

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...]

Are_Short_Sales_on_the_Rise

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 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...]

History_of_Home_Prices

What’s Going to Happen to Real Estate?

What's going to happen to real estate? Friends, family, acquaintances, it seems everyone wants me to tell them what's next. And considering the position I am in, watching transactions occur on a daily basis all across the country, closing more deals than any other real estate education organization in America, it would seem that I have a terrific vantage point in which to understand what to expect from real estate better than most. If you asked me today, "what's going to happen to real … [Read more...]

Mandatory_Skill_Real_Estate_Investors

Real Estate Investors Must Master This Skill

Real Estate Investors must master a number of skills in order to be successful.  While riding my bike on the beach with my daughter yesterday, I thought of a simple, easy and powerful way for all real estate investors to sharpen one particular skill that must be mastered if they ever want to have lasting success.   Once mastered, this skill could be the key real estate investors have been longing for to unlock vast amounts of wealth from real estate.  And that skill is...(drum roll) "How to … [Read more...]