Tag Archives: ny

Indymac, One West Bank, and FDIC

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You may have already seen this… but they’ve done an update which is PRETTY interesting!

Now, I don’t normally post YouTube videos and such, but this is one that I think we all need to pay attention to since it directly affects our business.

There’s more to this story and I’ve got quite a few “thoughts” on it myself (I actually went to Indymac Bank several years ago to discuss a loan. It had a prepayment penalty on it and we just thought we’d see if they could do anything BEFORE everything spun out of control). They literally refused to even speak to us. Sure, you can say that thy didn’t have to, the person had signed the note, and agreed to it.

That they did… but when everything hit the fan, they lost their house and wound up walking away. Had Indymac WORKED with them way before there was an issue, the homeowner would still have the house and the bank wouldn’t have had another bad debt.

But then again… maybe they had different motives šŸ˜‰

I’d love to know what you think about this and your thoughts… This is a GREAT discussion point and also can open a lot of doors for you to talk with homeowners and experts on the topic.

5 Ways to Use Realtors for Your REO Investing Business

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REO properties are proving to be the true deals in our current market. Why? The banks have already gone through the expensive foreclosure process and are simply looking to get rid of the property; which can be a very good thing for you.

One of the very best resources you can have to help you grow your REO investing business is an experienced REO Realtor. Below are 5 ways you can utilize REO Realtors to help not only grow your REO investing business, but also do a lot of the work for you Continue reading →

Real Estate Outsourcing: Is This Why You're Not Successful?

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Last week, I was on a coaching call with one of our students… and the light bulb went off in my head. It was that “ah ha” moment. I finally really understood one of the 3 main reasons people are not successful in real estate: Not Taking Action. Truth is, it’s a huge cause for failure in lots of ‘biz opp’ strategies.

It’s what I’ve since defined as the “outsourcing virus”.

This student wanted to know what he could do to get money coming in NOW.

Here’s what got me thinking… and why so many people are struggling in their businesses.

The student I was talking to had invested tens of thousands of dollars in real estate courses, seminars, and systems. Yet, he was still struggling. (Do you know anyone like that?) Continue reading →

Landlord Protection: Does it Exist?

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Is there any wonder that there are so many tired landlords out there? Dealing with tenants can be frustrating, time consuming, and costlyā€¦

Certainly, the majority of tenants are relatively ā€œgoodā€ (but rememberā€¦ they ARE renting and donā€™t have the same pride of ownership that owners have). Even so, there are a few really bad apples that can cause substantial damage to your properties and cause you a lot of unnecessary frustration.

The only real landlord protection is being proactive and not giving ANY wiggle room at any time. You will hear sob stories. You will be called names. Your tenants may even threaten to sue you (yes, they usually donā€™t have a single leg to stand on, but they will still threaten!).

When youā€™re a landlord, youā€™re ALWAYS the ā€œdefendantā€!

However, there are a few CRITICAL THINGS that you can do to protect yourself as a landlord. Continue reading →

Donā€™t Forget to Look Back Up At the Mountain

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I remember a conversation I had a student and very dear friend of mine. He was someone that I met as a result of real estate and is a constant reminder as to why I continue to build my businesses. (To this day, 99% of my closest friends are people that Iā€™ve met at seminars and events).

But before I take a moment to tell you what the title of this audio newsletter means, I want to take a minute and reflect on some of the people that have been important people in my life as I got up and running and while I continue to run the course with frequent dips and turns!

In a special report I wrote several years ago entitled ā€œ7 Critical Success Tips Continue reading →

Multiple Streams of Income

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With the recent economic crash felt ā€˜round the world, itā€™s never been more important to diversify. You need to introduce multiple streams of income… In other words, diversify your income streamsā€¦ your investmentsā€¦ your businessesā€¦ Itā€™s just how business is going to operate in the new decade.

Youā€™ve got to have a number of ways to bring in money or youā€™re going to be left holding the bag one of these days.

Several years ago, the phrase ā€œMultiple Streams of Incomeā€ gained significant popularity through seminars, events, and tele-trainings. The company essentially taught that there were 4 ways to make money:

  1. Real Estate Investing;
  2. Infopreneuring;
  3. Internet Marketing; and Continue reading →

2010 Real Estate Investing Predictions

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Itā€™s been a year of mixed reviews for many people! Certainly, there were highlights, but many folks are happy to see 2009 ushered out and welcome 2010!
With the New Year ā€“ and new decade ā€“ there are going to be lots of changes to come in real estate investing, online marketing, information marketing, and business in general.

I know that lots of people are posting their thoughts, predictions, and opinions for the coming year! Here are just a few of my predictions for real estate industry ā€“ specifically for investors.

  1. Property Values Will Stabilize.
    Weā€™re not going to see a huge change in property values this year. Many of the markets have bottomed out, or are close thereto. However, there is a lot of inventory that has yet to hit the market before we can start to see an increase in value. This will make it easier to evaluate properties and determine the after repair values as thereā€™s less decline to calculate. However, there are still Continue reading →

Real Estate Blog

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Do you need a blog for real estate?

The simple answer is: Yes!

It’s not often that an answer in real estate is a definitive YES! But in this case… it’s cut and dry… it’s simple.

When I got started marketing properties online, there was no such “tool”. It was cumbersome, time consuming and mildly effective at best. But, with blogs, it’s become so simple to get up and running FAST.

Here are a few pointers to get you going with your own RE blog fast:

  • Buy a domain name (www.YourDomainName.com)
    You can do this at GoDaddy.com and or 1and1.com.
  • Set up a hosting account that has “cpanel with fantastico”
    Any hosting company should know what you’re talking a Continue reading →

Realtor Screening

We have helped dozens of people all over the country save money and find solid deals through Realtors. We’ll personally screen each agent and speak with him/her on your behalf and help follow any deal through to closing.

Here’s What You Need to Do:

  1. Download this form (Right click, Save as)
  2. Fill out the form completely. (If there is any additional information that can help us, please provide that on a separate sheet of paper. The more specific and detailed you are, the better we will be able to match you to the right agents).
  3. Fax it to (305) 675-4664. No fax cover is necessary. Please provide your name on each sheet that you are faxing in, however.

Once we’ve received the form, you’ll receive a follow up phone call to go over any details we may need and begin contacting agents on your behalf.