Quick Trip Down Investment Memory Lane, But read the end because the inventory has never been better.

"Houses cost too much for the mass market. Today's average prices is...out of reach for two-thirds of all buyers". (1948 when the average cost of a home was $8,000).

"In California...it's not unusual to find families of average means buying $100,000 houses. I'm confident prices have passed their peak" (The Coming Real Estate Crash, 1980).

"Most economists agree...a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980's" (Money magazine, April 1986).

Think the days of getting rich from real estate are over? Better think again. Take a few minutes to explore real estate predictions from days gone by to see how history tends to repeat itself then get set to join the ranks of the rich by building a REO portfolio. The majority of self-made millionaires derived their wealth directly from real estate but even more importantly, when asked where they are putting funds today...the majority rank real estate as a top designation.

So, what drives the local market? It's a simple question but one which the majority of investors can't communicate when put on the spot.

1. Are basic jobs increasing or decreasing in the surrounding area? Remember, all real estate is local but even within any given town, there are areas of growth and blight. Keep an eye out for business or government building projects, new construction of hospitals or schools and other activities that lead to the need for shelter.

2. Recovery efforts.
Donald Trump has long been associated with the ability to transform undesirable properties into cash cows but the so-called secret of his success has less to do with strategy and more to do with outright courage than anything else. Plain and simple, Trump bought when others walked. Economic downturns tend to frighten away people at the very best time to buy. Position yourself to profit from the eventual recovery by buying right.

3. Migration.
Business and individuals tend to migrate from high cost areas to low cost areas. Follow the tax laws, energy expenses and other information to find out where tomorrow's hot growth areas are likely to spring up.

4. Quality of Life.
Beach-front property never goes out of style since it affords a very specific quality of life. Even the most hum-bug little cottage can fetch tens-of-thousands more than a comparable property located anywhere else due to the lifestyle issue. Properties that provide a lifestyle -not just a home- are likely to remain in high demand long after building styles change.

5. Cost.
No discussion of REO profits would be complete without mention of cost but price alone rarely determines the full potential of any property. Defining a "great buy" is much like beauty...it's in the eye of the beholder. Learn to see the value of every property in order to sell it successfully.

I have bulk REO Inventory available in many states for .50 cents on the dollar. Contact me today with POF (Proof of Funds) and have your REO Inventory within days!!!




Angel Investors

Auctions have been capturing alot of headlines lately!

So people are trying to sell me on auction services and of course everyone is asking what is better:

What's Better - REO or Bank Auction?

Big nationwide auctions have recently made headlines but what is actually better for the average investor...REO or bank auctions? Let's take a few minutes to examine the pros and cons for each.

Title -
Purchasing a property via auction frequently entails a commitment to all outstanding debts including unexpected liens and other judgments in addition to those for which the auction is taking place. By purchasing a bank owned property you will typically have assurance of clear title or at least a complete awareness of other fees or liens due.

Occupants -
Property sold at auction frequently has tenants or prior owners still in place, causing new owners to engage in immediate action in order to take possession. Bank owned properties have often evicted former occupants thereby eliminating the need for out of pocket legal expenses. Just keep in mind, this is changing and some short sale investors have encountered squatters. On the other hand, depending upon you plans for the property, having paying tenants may be a strong positive.

Finance Terms -
Auctions require advance funding to be in place while bank owned properties may actually offer added terms or beneficial interest rates in order to move a non-performing property off their portfolio. Since it can cost a lot of money for a bank to keep a property on their books, one way they entice others to purchase is by negotiating the terms of the finance offers. This is especially true in areas where lenders may be limited by the number of homes they can release on the market (ie, federal regulations prohibit "dumping" in certain neighborhoods - often the same ones where many non-performing loans were originally written). By offering highly favorable financial terms, banks are able to shift properties off their books without continuing to drive down prices.

Bottom line -
Short sales are perhaps the best bargain of all but don't underestimate the value in bank owned properties. Auctions are a lot of fun but not always indicative of the best value especially for those just starting out or who only intend to purchase one or two properties.

If you are searching for REO properties I am including a link for the properties directly from the banks. Review them and if you have any questions or need help growing your business let me know. We are opening offices Nationally but only one netbranch / partner per state!

Click on the link below for the list of properties for sale in your area: Most people would charge thousands for this list and inventory!!!
AltiSource Homes - formerly Ocwen
http://www.altisourcehomes.com/

JP Morgan Chase Bank REO (also includes Wells Fargo properties):
http://mortgage.chase.com/pages/other/co_properties_landing.jsp

M&T Bank REO:
http://services.mandtbank.com/personal/bank_owned_prop.cfm

Wachovia REO:
http://reo.wachovia.com/

SunTrust REO:
http://suntrust.res.net/

Compass Bank REO:
https://www.compassbank.com/appforms/properties/index.jsp

Fannie Mae REO:
http://www.mortgagecontent.net/reoSearchApplication/fanniemae/

Freddie Mac REO:
http://www.homesteps.com/hm01_1featuresearch.htm

HUD REO:
http://www.hud.gov/homes/index.cfm

HomeSales.gov

Regions Bank Properties
http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

Citibank REO
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

SBA Properties
http://app1.sba.gov/pfsales/dsp_search.html

FDIC Real Estate Owned
http://www4.fdic.gov/DRRORE/

BB&T REO (Branch Bank and Trust)
http://www.bbt.com/applications/specialassets/search.asp

Beal Bank Commercial REO
http://www.bealbank.com/Content.aspx?ID=13

GRP Financial Services Properties
http://www.grpcapital.com/properties/index.php

People's Bank REO
http://www.peoples.com/im/cda/multi_elements/0,,1355,00.html

National City Mortgage REO
http://res.net/

Taylor Bean REO
http://www.taylorbeanhomes.com/

Downey Savings & Loan
http://www.downeysavings.com/bank-owned-properties

Beal Bank
http://www.bealbank.com/Content.aspx?ID=13

BB&T
http://www.bbandt.com/applications/specialassets/search.asp?p=1

Citibank
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

Compass Bank
http://www.compassweb.com/properties/

Fannie Mae
http://www.homepath.com/

FDIC
http://www2.fdic.gov/drrore/

Fidelity National Financial
http://www.buybankhomes.com/Default.asp?_URL_=/PropSearch/PropSearch.asp

First National Bank of Alaska
http://www.fnbalaska.com/243.cfm

First Preston
http://www.firstpreston.com/

Freddie Mac
http://www.homesteps.com/hm01_1featuresearch.htm

GMAC
http://www.gmaccm.com/gmaccm/RealEstateAssetManagement/reo/search.asp?img=3

HMB
http://www.hmbireo.com/listing.php

HSBC
http://www.banking.us.hsbc.com/HICServlet?cmd_PropertySearchDefault=cmd_PropertySearchDefault

HSBC Commercial
http://www.us.hsbc.com/1/2/3/business/borrowing/real-estate/for-sale

HUD
http://www.hud.gov/offices/hsg/sfh/reo/homes.cfm

Kennedy Funding
http://www.kennedyfunding.com/for_sale.html

Kentucky Housing Corporation
http://www.kyhousing.org/apps/REO/

Keystone Asset Management
http://www.keystonebest.com/reo/reo_inventory.asp

Lexington State Bank
http://www.lsbnc.com/property_for_sale.asp

M&T Bank
http://services.mandtbank.com/personal/mortgage/reomort.cfm

Mortgage Lenders Network
http://www.mlnusa.com/realestate/listings.asp

New South Federal Savings Bank
http://www.newsouthfederal.com/reo/

PNC Bank
http://www.realtyservices.pnc.com/

Private Financial Services (Bank of OK)
http://www.bokproperties.com/realestate/search.asp

Regions Bank
http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

REO Trans
http://www.reotrans.com/

Security National
http://www.snsc.com/ReoProperties.aspx

U.S. Department of Agriculture
http://www.resales.usda.gov/

U.S. Government Home Sales
http://www.homesales.gov/homesales/mainAction.do

Virginia Housing Development
http://www.vhda.com/Homebuyers/ForeclosedHomesforSale/Pages/ForeclosedHomesforSale.aspx

Wells Fargo Commercial
http://www.wellsfargo.com/com/cgi/properties

Zions Bank
http://www.zionsbank.com/foreclosed_properties.jsp?leftNav=specialty_fore&topNav=sbanking





Angel Investors