Tue, 9 March 2010
Episode 13 - Subject to Secrets If you are a real estate investor and are looking for ways to control properties without having to go to the bank for a loan and a big down payment then subject to financing is for you. Subject to expert Don Derosa joined me this week to share some of his inside secrets to subject to investing including his 3 criteria to spotting a good deal. |
Thu, 4 March 2010
Episode 12 – Rent and Sell Homes with Craigslist I know the idea of getting a house really cheap is very exciting and sexy but if you don’t have an exit strategy then you are stuck with a property that you have big time holding costs on. That’s why it is important to know many ways to move a property. Today we focused on one very effective and affordable method, selling and renting your homes online. Links from this Episode Finding and Analyzing Deals If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today. |
Sun, 28 February 2010
Episode 11 - How to Analyze Comparable Sales It's Viewer Question Friday and we had a very good question from Janiro... "When finding 3 properties does the structure have to be the same, for instance when I researched my subject property on zillow the comparable properties were within the one mile radius, they had similar square footage as well as the same amount of bedrooms and bathrooms. However, I noticed that my property was wood with a 2 car detached garage, but the other properties were all brick with attached garages. Is that ok or should I find more properties?” There are Four Main items you need to consider when developing good comparable sales, they include...
Finding and Analyzing Deals If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today. |
Tue, 23 February 2010
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Fri, 19 February 2010
Episode 9 – Flipping Foreclosures and Short Sales For a while now there has been some confusion about flipping bank owned homes and flipping short sales. We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day. Today we decided to prove to you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies. |
Wed, 17 February 2010
Episode 8 – HUD Wants to End Seller Financing If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license. This would hurt real estate investors and home buyer’s alike. Let HUD know that you think this is a bad idea. They are taking comments on the ruling. Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard. |
Fri, 12 February 2010
http://www.thereiminute.com/analyzing-cash-flow/ If you are looking for a rental property one of the first things you want to know is will it cash flow. Calculating cash flow on a potential rental home is a calculation that varies widely among real estate investors. Watch as we share the conservative approach we take on how to calculate cash flow |
Tue, 9 February 2010
Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program. This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals. Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing. Just as importantly for us it may signal the beginning of better relationships between banks on short sales. Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved! FREE Property Analyzer Software Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins February 16th at 9pm East - Only 100 spots an 18 left!! |
Sat, 6 February 2010
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals |
Wed, 27 January 2010
No More 90 Day Seasoning On today's special edition of Wha'ts News we discuss the new HUD temporary lift on 90 day seasoning to finance homes. This is going to be big for real estate investors who buy foreclosed homes and then want to fix and sell them quickly. No more waiting forever to get your homes sold. It will also help neighborhoods begin to see re-stabilization after being hit hard by foreclosures and vacant homes. |