The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. Yet as always, this challenge has given rise to a huge new opportunity for alert real estate investors.
That opportunity is called Bulk REO Investing, and the opportunity is huge.
Take a just a minute to consider the basics of this highly profitable business.
To understand investing in Bulk REO, you have to understand the foreclosure process.
As a home owner misses a payment or two, the lender sends the predictable barage of threatening letters and warnings. After a certain period, the lender will then formally begin foreclosure proceedings. Between the formal beginning of the foreclosure process and the public auction is the ‘preforeclosure’ period.
Foreclosure is completed when the property is put up for auction. Ownership of the property is returned to the lender if the property is not sold at auction. This property is then considered to be ‘Real Estate Owned’ by the lender, also known as an ‘REO’ property.
Lenders usually try to unload their REO properties at close to retail price by listing their REO’s with a real estate broker. However, REO properties are now frequently sold for far less than their ‘book value’. But the price of receiving such great pricing is the need to purchase multiple REO properties (a ‘package’) rather than individual properties.
The recession in the United States has yielded huge profits to real estate investors prepared to take advantage. Bulk REO Investors are most successful when they have a well-established source of funding for their REO packages. There are many sources of funding for these transasactions including: hard money and commercial financing, as well as non conventional sources such as hedge funds and private investors. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Salvatore Bushemi of Dandrew Capital Partners, a New-York based hedge fund.
Posted in How To Sell.
Tagged with bulk reo, bulk reo investing, buyer mandate, reo packages, seller mandate.
By James Savage
– March 13, 2010
Virtual real estate investing probably makes you think of a number of things. You likely leap to real estate investing as real estate portfolios and real estate retirement plans, and then you may expand to thinking of short sales, bulk reo investing or virtual real estate investing. You may also consider what roles these things play in your life as a real estate investor in different economies.
There is a lot of information out there on real estate investing. Knowing the basics of real estate investing education is a good way to get the most out of every lesson. You will get the most out of anything to do with short sales, bulk reo sales, virtual real estate and just improving real estate investor abilities by knowing some real estate investing basics. Here are three main real estate investing concepts that many experts do not even know:
1. You always will get a positive result from investing in real estate investing education. Every good real estate deal represents thousands of dollars in potential wealth. Understanding how to get that wealth will be the key to your success. When you know about real estate your odds of success increase with each real estate deal. Implementation of your small educational investments yields big results.
2. You have the ability to succeed in real estate investing in any economy. Many people think (wrongly) that you can only succeed in real estate when the economy booms. In reality, poor economies are great for real estate investors. You can often buy properties at deep discounts. Additionally, you may find deals that would not exist in a booming economy. Real estate investing often is what turns the tide for poor economies. When the economy is not thriving, short sales, bulk reo sales and virtual real estate can all thrive. You can save yourself and others from major financial woes if you know how to do these deals.
3. A lot of money is not vital to your success as a real estate investor. You can make a success of real estate investing no matter how much or little money you have. Many types of deals enable you to use other people’s money to do them. If you are a good investment private lenders may let you use their money. The best way to be a good investment is to know as much as possible about real estate investing. This will enable you to show people who have money for real estate investing but may not know how to use it that you are a good investment.
Real estate investing is a great way to create a good amount of wealth. You can create income regardless of the economy. Using a knowledge base of real estate investing, short sales, bulk reo sales and virtual real estate you will be able to make success for yourself. Knowing the basics of real estate investing will help you succeed as a real estate investor. Knowing some real estate investing basics (beyond what older gurus like Robert Allen teach) and applying them will help you succeed as a real estate investor.
Great real estate investing resources are available at RealEstate.BryanEllis.com.
Posted in How To Sell.
Tagged with real estate, real estate investing, real estate investment, real estate investor.
By James Savage
– March 13, 2010
The term virtual real estate investing likely brings a number of things to mind. If you are already familiar with real estate investing you may think of short sales, bulk reo investing and virtual real estate investing or you may think of it in terms of real estate portfolios and real estate retirement plans. Likely you also wonder how these things will factor into your life as a real estate investor in the current economy.
You can learn a lot about real estate investing. Knowing the basics of real estate investing education is a good way to get the most out of every lesson. Whether your target is short sales, bulk reo sales, virtual real estate or improving real estate investor abilities, you need to know some real estate investing basics. Here are three real estate investing basics that even some experts do not really know:
1. You always will get a positive result from investing in real estate investing education. In any real estate deal, there will be thousands of dollars in potential wealth. Knowing how to get that wealth is the key to success. Learning as much as possible about real estate will increase your odds of success whenever you do a real estate deal. Small investments in education yield big results upon implementation.
2. Any economy allows for success in real estate investing. Many people are under the misconception that success is possible in real estate only when the economy is good. Actually a poor economy is not a bad economy for real estate investors. You can often find properties to buy at deep discounts. Additionally, you may find deals that would not exist in a booming economy. Real estate investing may also turn the tide for a poor economy. When an economy is less than thriving, short sales, bulk reo sales and virtual real estate can prosper. You will have the option of saving yourself and possibly others from serious financial difficulties if you know about these types of deals.
3. You do not need to have a great deal of money if you want to be a successful real estate investor. You can be a success in real estate investing no matter how much money you have on your own. There are lots of deals that you can use other people’s money to do. If you appear to be a solid investment you may be able to use a private lender’s money. An investor who is a good investment knows as much as they can when it comes to real estate investing. This will help you show people that you are a good investment if they have the money to help you with real estate investing but they do not know how to use it.
Real estate investing is a great way to generate wealth. You can create a good income no matter what the state of the economy. Using knowledge of real estate investing, short sales, bulk reo sales and virtual real estate you will be able to create success for yourself. Knowing the basics of real estate investing will help you succeed as a real estate investor. Knowing some real estate investing basics (beyond what older gurus like Robert Allen teach) and applying them will help you succeed as a real estate investor.
Great real estate investing resources are available at RealEstate.BryanEllis.com.
Posted in How To Sell.
Tagged with real estate, real estate investing, real estate investment, real estate investor.
By James Savage
– March 13, 2010
There are many different car makers in the world, and the quest for gaining a reliable reputation and name is a long one. With so many options on there it may seem like you should simply stick with a vehicle that has a long standing brand name behind it.
Though you may initially think that, you should not disregard some of the newer brands. In the world marketplace the Kia motor company is a somewhat new name.
In fact, Kia Motor Compay has been in this area since the early 1940s. It’s actually the oldest car manufacturer in South Korea, but it has been enjoying a good bit of development on the world market lately.
Believe it or not all KIA dealerships are actually part of the Hyundai KIA Automotive Group. Kia vehicles were first seen in the United States in 1992, but it was on October 20th in 2006 that the first Kia plant began construction in the United States.
The first few years in the United States were not easy for Kia vehicles. It really wasn’t until two years after their first appearance that Kia’s could be regularly found. A mere three years later Kia hit another speed bump that resulted from the financial difficulties that Asia was going through.
However, since that time Kia has pushed through the difficult times, and has ended up on top. Through the years the Kia dealerships began to multiply, and to date there are approximately 640 Kia dealerships throughout the U.S. However, it is not just the U.S. market that Kia has managed to impact significantly.
Kia dealership has been capable of becoming the main player in the automotive industry in the UK as well as Europe to compete with other companies such as Chevy dealerships. Because of the extraordinary diversity throughout the world and many brick and mortar dealerships of Kia it’s not surprising that it has steadily improved the market share.
Though in its first appearance in the worldwide automotive industry the Kia motor company only had one model, the Kia Sephia, it is no longer the same.
In fact, by stepping into any of the Kia dealerships in your areas you will be pleasantly surprised with the diversity of their models as well as the features that you can get on them. It can be the best new car deals for you.
You will be able to choose from everything from compact vehicles to larger minivans. In fact, the Kia Sportage, an SVU, has been one of the most popular vehicles in Europe for over 16 years!
Posted in How To Sell.
Tagged with auto dealership, car business, car sales, car to buy, used car.
By James Savage
– March 13, 2010
Craigslist has really grown in popularity over the last few years. On Craigslist.com you can find a job, or look for a job, you can sell that old china cabinet your mother gave you that you always hated, buy a perfect crib for the baby you’re expecting or even give away the Franklin Stove that came with your house. Unfortunately, Craigslist has become a wide field for fraudulent practices.
One scheme that is often seen involves listing a car for an amazingly low price. The listing may tell the story of how the vehicle is owned by someone in the armed forces and is being shipped home. And how desperately money is needed before its arrival. When the potential buyer sends the money the scam is complete, and the car never materializes.
Another scam recently shut down was a man attempting to rent out a house he did even own, luckily he was arrested. He collected thousand of dollars before being arrested for fraud. His many victims were left with no rental and no money. A little bit of background work and checking would have helped those prospective renters to avoid this scam and save their money.
Fraudulent employment offers are in abundance on this site and extreme caution should be taken, especially regarding “work at home” offers. These offers almost always require a fee up front and any work, if it appears, is not worth one’s time. If you ever get a phone number, its easy to use a telephone look-up directory such as cell-registry.com/816/277/ to make sure the person is not be impersonating someone else.
Make sure you do your research when buying anything off of Craigslist. And never, ever send money without either seeing the item or getting a genuine guarantee. If you’re thinking of answering personal ads, beware. There are many predators on Craigslist waiting to prey on the lonely.
Its a sad fact that many people never receive items they sent payment for. Of course, when this happens, there is no recourse and the money is simply gone. It is a good idea to check the location of the item for sale and, if it is nearby, go and pick it up personally. This way a person gets a good look at the item and has it in hand before turning over their money.
Craigslist is a free service for sellers of goods that has benefited a lot of people. However, with scammers ready to use any means to commit fraud it has become an easy means to swindle people. This is why it is important to exercise caution with Craigslist, take the time to do some research and be aware that there are people on it who are only looking to swindle and steal.
This site, as with others, caution that if someone wants money wire transferred to a distance location or sent in money order or cashiers check, be concerned. Ideally, all Craigslist purchases should be done locally where a physical meeting can be arranged for every one’s safety and convenience. You should also take care that you never give out your personal information and remember that if an offer sounds too good to be true, it probably is.
Posted in How To Sell.
Tagged with advertisement, Craiglist, fraud, internet, scams, website.
By James Savage
– March 13, 2010
