I’m sorry to be the bearer of bad news today but there’s some data I have in my hands that I must reveal to you.
Read this carefully please…
*Short Sale flips are tougher to do than ever. There simply aren’t enough people who can get bank loans to “cash you out” once you get your short sale approval from the bank. Plus, title companies are very strict on disclosing back to back flips to both the “A” and “C” lenders. Anyone who’s an active short sale flipper knows this is getting tougher to do.
*Rehab flips are tougher to do than ever. Title problems and “robo-signing” scandals have tainted the title to many
properties and caused uncertainty about the quality of title when buying an REO. Plus end buyers for rehabs need bank loans and 28% of them are being declined for loans.
*Buyers must have a 700+ credit score on average to qualify for a FHA loan plus a down payment. This means there are less buyer’s to “cash you out” using FHA loans.
*Most leads that you will generate into your real estate business will be houses with little or no equity. So if you are an “equity” wholesaler you will have trouble getting “equity” leads. My prediction is that this is just 5% of the deals I’ll do.
*80 – 100 million people – roughly 30% of our entire population cannot qualify for a traditional bank loan. However the cool thing is there’s a “golden opportunity” that’s been created because of tighter bank lending standards.
*Credit is tightening, not loosening, according to Inside Mortgage Finance magazine.
*11 million home owners have no equity according to CoreLogic.
*Another 16 million have very little equity. They are between 90% – 100% leveraged.
WOW- that’s some bad news.
After reading that you’re probably wondering…
“So where are the investment opportunities right now?” or “What can I do about this and still be a successful investor?”
Here’s the answer:
Go where the money is and diversify into strategies that do not require banks at all.
My friend Josh Cantwell is holding a very special presentation to show you some very profitable investing opportunities you can capitalize on right now.
Register here. http://REIMarketingTips.com/blog/ici
Here’s the best part of what he’ll be showing you:
*There are 4 simple, fast, safe and easy ways for you to make money that don’t require any banks whatsoever.
*You can profit from every type of property. Houses with equity, houses with no equity and no default (which are most common) and overleveraged houses in foreclosure (short sales).
*The investment strategies are proven. Josh and his students been using these strategies since 2004. Just now they really going to “blast off” because of the current state of the financial markets.
*You get paid within 60 days. Often in as little as 16 days. No waiting for 7 months to get a short sale approved and flipped or a house rehabbed and sold.
*You get paid between $500 to $20,000 up front.
*There is one set of paperwork you use to execute all 4 of these techniques.
*With one of these techniques there is three ways to make money. You can make some cash now (between $500 to $20,000), cash flow each month (between $100 to $1,000) and then cash out down the road (between $7,000 and $40,000) without ever owning the home.
*These leads are everywhere and require little to no marketing costs on your part to obtain.
*This is the easiest, fastest way to make money in real estate with no money, bad credit, and no loans for you or your buyers.
So position yourself and your business for massive success without any banks, FHA loans, private money or government
programs using 4 “Instant Cash Infusion” strategies.
Register here for this “Tell All” presentation.
To Higher Profits,
P.S. I personally think the jokers at Fannie Mae, Freddie Mac and FHA are not all bad guys. They just are in over their heads. A recent Fannie Mae study showed 54% of the people surveyed want to buy a home. They realize there are lower prices than ever out there.
Problem is with the current Fannie and Freddie and FHA guidelines they simply won’t qualify. So how are you going to use this to your advantage?
Register for this “no banks allowed” presentation to find out: http://REIMarketingTips.com/blog/ici
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