Archive for the ‘Foreclosures’ Category
Data Suggests Wholesaling Opportunity Ready to Explode
If you’re a wholesale real estate investor – or have ever given the idea of jumping into this niche market any thought, now is the time to dive in with both feet. While the number of available properties may be beginning to level off, the economic situation that has in part fueled the wholesale market is only going to worsen for the short term, as job losses mount and more and more Americans find themselves unable to make their monthly mortgage payments.
This means more distressed properties are going to explode onto the market, which will only tend to increase the number of wholesale properties available. In January, according to Experian, that number will ramp up again as the variable rate interest rates of tens of thousands of Alt-A loans (less than full-doc loans, usually homeowners with good or decent credit) reset, which can cause payments to skyrocket by 40%-60%. When this happens, the number of foreclosures will ramp up again, which will cause a corresponding rise in foreclosure opportunities.
So if you’ve been sitting on the sidelines kicking around the idea of jumping into the foreclosure niche, now is the time to get in on the action. If you know more about the inner workings of the health care bill than you do how to buy wholesale properties, now is the time for you to add to your knowledge base so you can immediately start pocketing $10,000 – or more – per deal with almost no risk on your part.
By popular demand, I’m in the process of putting the finishing touches on a special 12 week wholesaling training class that will teach you the ins and outs of how to create astronomical profits for yourself by tapping into this niche market.
The class is coming up later this month – and I’m limiting the number of students who can enroll to keep the class size down to a manageable size. The bad news is that it’s already partway filled. There’s a silver lining, though. If you email Jaime@reiconferences.com you can still grab a slot before it’s too late. So get ahold of her now – while you still can – and she’ll get all the details to you so you don’t miss this golden opportunity to learn how to get rich in the exploding wholesale market. What you do in the next 12 weeks could very well be the difference between more so-so mediocrity and living the life of abundance and power that you’ve been dreaming of.
Do it now!
Blessings!
Charrissa Cawley
REI Wealth Camp in Irvine, CA on Sept 19-20, 2009
I just wanted to offer Wealth Camp tickets to all of our faithful followers of CharrissaCawley.com! Go here to grab yours now for only $20 (Normally $497!) I look forward to seeing you at the event on Sept 19-20 in Irvine, CA!
http://www.wealthcampseries.com/20tickets
See you there!
Charrissa Cawley
Surging Unemployment + Skyrocketing Foreclosures = Opportunity
I’ve been sounding the drumbeat of real estate opportunity for some time now, and Thursday’s report by the Labor Department that the unemployment rate has surged to 9.4% further reinforces my point. The reason? The home foreclosure rate is closely tied to the unemployment rate. If people aren’t working, their incomes drop dramatically, and they are unable to meet all of their expenses. If you chart unemployment and foreclosure data, they come very close to mirroring each other.
This means that – in many cases – mortgage payments go unpaid.
Homeowners not already on the ropes financially and facing impending foreclosure are looking for viable solutions to prevent themselves from getting to that point. Others, already facing foreclosure due to other financial considerations, the credit crisis, or personal problems, need fast solutions before they’re hit with lasting credit damage or the loss of their home.
Motivated sellers are everywhere you look. Their pain is real, the opportunity is increasing, and the time for you to act is NOW. If you’ve been sitting on the sidelines waiting for a buying signal, this is it.
Regardless of whether you have cash in the bank for investing, have traditional or hard money lending sources lined up, or have secured private money, there are more opportunities to profit today than ever before.
Don’t know where to start? Check out my free resources – more than 140 of them – at http://www.reiconferences.com/resources_rei.htm.
Seize this moment and change your life for the better – and make a real difference in somebody else’s life by helping them out of a real jam.
There aren’t too many ways of helping somebody else while securing your own future. This is one of them, but only if you act now!
Blessings!
Charrissa Cawley
A REAL DEAL for First-Time Homebuyers
Are you a brand new real estate investor wanting to get your feet wet in the world of investing? Have you bought a home of your own? If not, here’s a chance for you to pop the top on a really good deal, get into a home of your own, and possibly not have to take a penny of your own money to the closing table. This once-in-a-lifetime deal comes courtesy of the U.S. Government – in the form of an $8,000 tax credit. Here’s how it works:
If you purchase an FHA-eligible home that you plan to live in, are a first-time homebuyer (or haven’t owned your own home for at least three years), you qualify for this credit if you make the purchase before the end of the year. While this isn’t earth-shaking news anymore, the Federal government just sweetened the pot to make it even easier for you to take advantage of this opportunity.
Now, you can get immediate access to the credit – in the form of a short-term bridge loan from any FHA-qualified lender – that you can take to the closing table for down payment money and/or closing costs! This means that there’s a very good chance that you could possibly get into your first home on a no money down basis.
So, get out there and find yourself a distressed property owner or a short sale opportunity and make something happen! You might not want to live in this property forever, but if you live in it as your primary residence for at least three years, you won’t have to repay the credit. How’s that for a deal?!?
If you’ve been saving towards a down payment on your first home, you can let Uncle Sam make your down payment for you. Here’s another way to add even more value to this just-sweetened tax credit: On May 30-31, my one-of-a-kind Wealth Camp will be in Dallas, TX. This is a golden opportunity for you to learn some of the ways you can locate bargain property – one for you so you can snag your tax credit; and then other properties that will help you to start generating immediate real estate investing wealth.
Now is the time for you to head on over to www.wealthcampseries.com. Even if you’re a more experienced real estate investor or you don’t qualify for this special tax credit, head over there anyway. If you register before the end of the week, I’m throwing in a FREE strategy session at Wealth Camp with me or a member of my team – and you can bring along a guest for FREE.
This is a perfect storm – of OPPORTUNITY! Don’t miss your chance. The remaining spots are going fast!
Happy investing!
Blessings!
Charrissa Cawley
Charrissa Welcomes Baby Girl Cawley #3 To The World!
Wow-what a whirlwind couple of days! Yesterday, May 7, 2009 we welcomed our third little girl ., Avery Lauren Cawley, into this world. She is happy and healthy and we are so grateful shes made her debut into the family, finally! I wanted to share a pic of her with all of you , my REI Conferences clients! You guys are the best and are all a real inspiration to me. God has blessed me with a wonderful family, a wonderful business and wonderful clients, and I feel like the luckiest girl on the earth. Thanks for helping make our big day so special with all of the well wishes, flowers and kind words these past few weeks-I appreciate them all and thank you from the bottom of my heart! Mom and Baby are doing great and are looking forward to coming home!
Here are the first pics of little Avery! May she grow up to be a super successful investor:)
share.shutterfly.com/action/welcome?sid=0AbuGTZi5ZtGLmY
Blessings,
Charrissa Cawley
Happy Easter from me and my family to you and yours!
Hi there! Happy Easter! I hope you have had a blessed day!
My family and I have really enjoyed our time together in celebration
of Easter this afternoon! Here’s a pic of us enjoying a
beautiful day!
I just remembered something I wanted to let you know about too:
There is this great new funding source I just stumbled upon and I wanted
to share it with youm as I know many of you are looking for funding
right now!
It is www.pertuitydirect.com
You should check it out-some great lending options!
Also, I just wanted to addreess this real quick. I have been getting literally hundreds of requests to do another LIVE Coaching Series which I have not done in some time now, but Im opening one class and one class only as of tomorrow and registrations will start being accepted tomorrow morning at 9am CST! This is my 6 week personal group coaching program that has been closed for the past 6 months. I can accept only 6 students total out of my 85,000 client database, so if you want a spot in this exclusive “by application only” program that has not been open in months and won’t be open again anytime in the near future, Call Jaime after the program opens tomorrow at 9am CST at 888-250-6616 ext 705 for details.
I look forward to working together to help you achive your investing and money making goals in 2009!
Charrissa Cawley
Wanted: Active Investors for Foreclosure Fortunes
Chicken Little may think the sky is falling, but seasoned real estate investors know that today’s market – while challenging – is also the kind that can create generational wealth that has the potential to change lives and futures.
Whether you’re a well-traveled and seasoned investor or you’re testing the real estate investing water for the first time, one of the smartest things you can do in today’s market is explore the very real profit potential available in foreclosures. For it to work, though, you have to know how much to offer in the first place. If you know that, you’ll know at a glance whether you and a troubled homeowner might be able to come to terms on a purchase – or if you’d be better off walking away.
There’s a simple formula I recommend you put into play today. It’ll make your life easier and will make foreclosure investing decisions as easy as hitting the “enter” key on a calculator:
ARV (After Repair Value) X .60 – Repairs = Maximum Offer Price
Here’s an example:
ARV $140,000 X .60 = $84,000 – Repairs ($20,000) = Maximum Offer Price $64,000
Keep in mind that this isn’t what your opening offer should be. You’ll need to leave yourself some wiggle room for the negotiations that are sure to come. Even the most motivated seller will try to negotiate on price, so always begin by offering less. Then you can increase your offer price until you hit your ceiling. If they accept a lower price, you have even more cash to pocket when you refinance – or equity if you decide to hold the property. If not, you’ll know when to walk away from the deal.
Either way, you’ll know early on whether the property is worth taking a second look at. There are obviously other factors that will weigh heavily on your ultimate decision as to whether to buy the property or not, but this at least gives you somewhere to start.
So grab your trusty calculator and crunch the numbers. There are some great deals out there. Find them today and turn massive profits tomorrow!
Blessings!
Charrissa Cawley
Fannie Mae Loosens the Guidelines for Investors!
Did you hear? Here is the scoop: This is hot off the presses, directly from Fannie Mae’s website. Apparently Fannie Mae has reconsidered the loan limit for investors.
Fannie Mae will allow investors to hold 5-10 mortgages and still get Fannie Mae backed loans. This apparently will start as of 3/1/2009.
The reserve and qualifying criteria for the 5-10 loan range will be more stringent, as well as the down payment requirements. This change still is a MAJOR improvement over 4 properties. This should make a real dent in the uptake of the excellent deals available in some markets by experienced investors.
Announcement 09-02, Updates to Multiple Mortgages to the Same Borrower Policy,
Reserve Requirements, Reserves Definition, and Form 3170.
1) full Doc
2) Min credit score 720
3) Max LTV 75% for SFR and 70% for MFR for rate and term
4) Max LTV min cash out ($2,000) 70%
5) 6 months PITI plus the current and 6 months reserves piti for all other properties
You can click here for all of the details: http://www.reiconferences.com/files/fanniemaechanges.pdf
Borrowers are going to need great plus cash reserves to get these programs, but the bottom line is that 2009 is already looking better than 2008 for investors! Every little victory counts!
To Your Success,
Charrissa Cawley
The Best Real Estate Strategies for 2009
While it’s impossible to assess this early in the year exactly what the markets will do, you can still move yourself closer to your eventual goal of overwhelming financial success by focusing on a few strategies that are a good fit based on current market conditions. Then, if conditions suddenly change, you can quickly shift gears on the fly and refocus your investing energies in a way designed to maximize your profit potential.
Now isn’t the time to indiscriminately buy property without knowing ahead of time what you’re getting into. The days of blindly buying property without a plan, a focus, or a goal are gone for the foreseeable future. Investors that violate this common-sense principle are commonly referred to by another term: Broke – or if you prefer – destitute.
Three winning real estate investing strategies for 2009 are in the exciting areas of wholesaling, foreclosures, and shortsales. The reason for this is simple. Millions of people are stuck in bad loans, dire financial circumstances, or are staring at the possibility that they could be laid off or see their jobs shifted overseas. This means that lots of people are screaming out for help – the kind of help you can give them now to help them avoid lasting credit damage or the potential for bankruptcy.
If you’re running a little short in the knowledge department in these three techniques, then you really need to make the early part of 2009 all about you – your hopes, your dreams, and your education. Getting a handle on your hopes and dreams will focus your energies in the right areas and will motivate you to take the proactive steps necessary to achieve them. Then you’ll have the incentive to get serious about learning how – how to do a short sale, how to buy a foreclosure, and how to make big bucks wholesaling real estate.
Where you live doesn’t matter, as long as you can log onto the Internet and you have access to a telephone. You can capitalize on all three of these winning real estate investing strategies for 2009 and you can do it from the comfort and convenience of your own home – and you can do it virtually. So stake your claim to the untold millions of dollars in real estate profits just waiting to be picked up by investors with the know-how and the skills to get it done. Don’t know how? We’ve got you covered. Just go to www.REIconferences.com and we’ll take care of the rest. Make 2009 a watershed year for you and your success. Do it now.
Blessings!
Charrissa Cawley
Virtual Investing and the $500 REO
Are you just getting started as a real estate investor and concerned that your dwindling bank account balance might make investing in today’s economy a pipe dream? If you are, listen up, because bargain properties are everywhere if you just know where to look – and where you live doesn’t matter.
Banks are foreclosing at an astonishing rate and – in the event they can’t work something out with the owner – these properties eventually wind up in the bank’s REO inventory. When this happens, the situation gets very ugly for the lender, especially if the property needs substantial work to make it livable.
To combat this, banks are unloading some of these properties for as little as $500. Places like Indianapolis, Cleveland, Detroit – even Flint, Michigan – have REO properties available for less than 3K. That’s right: $3K. There aren’t just a few available. Hundreds of houses can be had for less than you’d pay for a used car.
So if you’re even considering spreading your wings and seeing just how far you can go as a real estate investor, I strongly encourage you to look into some of these properties. If you don’t think you have the cash to snap up some of these properties, think again. Get creative. Go through your garage or a spare bedroom, gather up things you don’t need or want, and have a yard or garage sale. If you need to, turn your kids upside down and shake the loose change out of their pockets. When they complain, give them a little extra computer or TV time and tell them that they’re investing in their inheritance.
With so many bargains available today, buy one or two with cash on hand. No money for repairs? Give yourself a short-term loan by financing rehab costs with a credit card. You can pay yourself back pretty quickly. You might do a quick fix and flip or take out a home equity loan when you’re done.
The good news is, with prices this low, your options are wide open. It doesn’t matter if you live near these properties. With the advent of the Internet age, you can live anywhere you like and make a small fortune in real estate – and you can do it virtually. The days of investing only in your local community are over. The Internet makes every step of the process easy – and profitable.
So get off the couch and get into gear. If you don’t want to spend the rest of your life looking back and wishing you had taken advantage of the opportunity to guarantee your financial future, act today. You may not be able to get your hands on a government bailout, but this is actually better. When bailout cash is gone – it’s gone. The wealth you can create with a few well-planned and executed real estate investments can pay you back for the rest of your life.
Then you can pay your kids back for the loose change you commandeered.
If you’re not sure about how to invest virtually – or you want to explore some of the other real estate tips and tricks that can take you to astounding financial heights, go to www.REIconferences.com. The advice is timely, the information is practical, and the resources are more plentiful than foreclosed houses in today’s market.
So what are you waiting for? Take charge of your future. You’ll be glad you did.
Blessings!
Charrissa Cawley
