http://www.localmentor.com/ host Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much! Learn more Colorado Creative Real Estate Investing Techniques at http://www.localmentor.com/
Duration : 0:8:27
I want to become a real estate agent, but I am a little confused here on how to start. Should I start taking the Realestate course, or anything else I need to do before that? Can anyone help please?
Obviously, you start by taking the real estate courses.
But before, get prepared by making a list or people you know who are likely to buy or sell homes in the near future (within the next five years, by concentrating on those who will do so in the next year). If you can’t find at least 100 distinct places, then don’t bother.
I realize there are probably mistakes in this but I don’t care about that I just want to know what you think and if you have any ideas of what the story coould be about….
“After losing my husband it was as if I died with him Dr. Phillips, like my heart had sunk into a black hole and I became severely depressed after that and ended up in the hospital being monitored for two weeks” I casually said as if it was nothing. I have been here many times over the past two years I thought to myself while I stared at the business like attire Dr. Phillips was wearing which was rather bland.
“Why don’t we talk about the journal?” Dr. Phillips asked me with a widely anticipating grin.
“The journal….listen Dr.Phillips,I…..” started to say but was instantly cut off by him.
“Yes, the journal you were given by your Dr. at the hospital to write your feelings in to try and help you cope with the loss of Jim, your husband” Dr. Phillips said looking at his watch as if he wanted to keep me there longer, talking about what I didn’t want to.
“Well Dr. Phillips I wrote in it every day of the pain I felt. It wasn’t easy losing Jim. The thought of him now brings me a ray of happiness though knowing he’s in a better place and watching over me. A part of me will always love him…still love him. I haven‘t read the journal since being in the hospital, its too hard for me” I choked out as a single tear shed down the right side of my face.
I instantly wiped it away and Dr. Phillips hadn’t even looked up from his note pad. A special pad in which he wrote everything that happened in our sessions.
“ I know you still feel heartache Melinda from your husbands death, but its been two years, reading that journal could make you understand that your life isn’t over. Speaking of those two years, hats happened since then” he cheerfully asked me sounding very intrigued.
“ Where do you want me to start?” I asked him
“How about the beginning? Dr. Phillips asked that brought a slight pain to my heart.
My wedding day was one of the most precious, magical and happiest days of my life. Jim was standing in the court house waiting to wed me. We had planned on a very big wedding so we thought just him and I in the courthouse would do. It was still very beautiful for both of us. He wore a nice striped suit tux of a nice slick black color and I wore a nice bright white strapless gown short in the front and long in the back. I walked through those big oak doors and gently brushed a piece of my curled and bunned chesnut hair back from my face and I saw the biggest grin on Jim’s face. I saw the twinkle in his brown eyes as if he was as ready for the challenge of marriage just as much as I was. We knew that this was what we’ve always wanted and the journey was what we were waiting for.
After the wedding Jim and I had talked to our realestate agent Gordon Reed to get us this fabulous 5 bed 3 bath house out in the country. The morning that we were moving in was great but that night things got bad. I don’t mean bad as in it would be better the next morning,I mean bad like something happened that would change my life forever but I couldn’t decided if it was for the best yet.Something so bad that I started wearing the old gold locket that was passed down to me from my great great great great grandmother.
no, it doesn’t make sense….
Winter Wanes – Spring Has Sprung – Is Your Property *REALLY* Ready To Sell?
Friends, if you’re property’s been listed For Sale for 30, 60, 120 days, NOW is the time to do these three things. ASAP
Why?
Mr. Sun is shinning. Days are longer. Wildflowers are blooming. Snows melting and trees are budding green and leafy. The Homebuyer Tax Credit (free money) expires soon, mortgage rates are still low, but expected to rise. Friends, this is the season where qualified homebuyers begin shopping in earnest and bunches.
If ever there was a time to take action and position yourself for a successful sale, this is it. Right Now. Seriously. Right NOW.
#1 – Replace Dull, Lackluster, Sad Exterior Property Photos. ASAP.
Every survey-study ever done, and common sense, tells us that the listings with the most dramatic, interesting and attractive pictures draw the most on-line, qualified buyer attention and therefore, enjoy increased showing activity. Increased showing activity equals a faster sale. We know this. Right? Duh, I know. Anyway…
If your listings property photos are dreary and wintery in nature, the moment conditions allow, change them, replace them, UPGRADE them. While you’re at it, rewrite your promotional copy. Do it ASAP, people are viewing properties today and buying this weekend.
#2 – Reevaluate Your Pricing Position
The market changes daily or weekly as new sales happen and new For Sale listing competition tumbles on the market. Your pricing position yesterday and certainly 30 or 120 ago, may be different toady. You may be wallowing in a competitive disavantage and not even know it.
With heating weather and qualified buyer activity, married with your new, jazzy and oh-wow property pictures, you’ll want to be sure that your property is priced as competitively as it is photographically attractive. This would be smart, wouldn’t it?
Have your Realtor Icon (listing agent) research and produce a newly minted MMA (Master Market Analysis). Study it, then make appropriate adjustments. You don’t won’t your property to sit like a bump on a log do you? Let’s get crack’n.
#3 – Make-Over Your Staging & Merchandising (Interior and Exterior)
Now that you’ve gone through all the trouble and taken savvy steps to attract the attention and desire of qualified homebuyers and selling agents, here’s the Cherry On Top. Are you ready for it? Will you do Cherry Out?
It’s time to walk your property, inside and out, room by room. Ask yourself, what needs to be done to make your property show attractively as possible? Remember, you want to Out-Wow and impress your competition, which includes resale citizens and new home builders.
Ask yourself, do paint colors need neutralizing and walls painted. Do you need to de-clutter, minimize, move furniture, clean carpets, paint the front door, plant colorful flora, etc. You know what you need to do, make a list and get it done. Now. Your next showing could result in a sale, if you’re positioned well.
If you’re too busy or your suck at handy work like me, your listing agent can refer to a competent, affordable professional. Let’s get crack’n.
That is all. Good Luck:-)
Duration : 0:3:26
I wrote this a few years ago and produced it with some friends as a commercial spoof. A lot of you will recognize at least a few people in this one.
This is for all the real estate agents out there who brave the elements to door knock, but it’s funny for everyone. At least I think so.
Duration : 0:2:24
Long story short, the landlord turned out to be a scammer and scammed me out of $2700 in advance rent payment. I gave him the 30-day notice 2 days after signing the contract, so I should be entitled the amount – (1 month rent) 21 days after vacating. It has been over 30 days now and I will be filing a lawsuit.
Here’s the twist…
This is an older couple (in their early 50’s) and the guy is being completely transparent in the transactions (only accepting cash, having his girlfriend sign all documentation). Basically, he is hiding behind her, making her liable for everything.
He is now out and about (possibly trying to run away and prevent getting served) and I will be filing the lawsuit against both him (as the agent) and her (as the person that signed the contract with).
They have no bank accounts (my check was converted to cash rather than deposited), owe on their car payments, have no realestate, unemployed.
What are my chances of getting my money back?
Since I had previously gotten him to accept checks, I found out that they did not have a bank account because their driver’s license # is written on my return check.
I have both their legal names, but only have the driver’s license of the woman–she’s basically who I signed the contract with, so I’m suing her.
He is probably gone with the money and left her partner hanging with this debt.
I cannot live in there for the amount they owe me because I already gave them 30-day notice 30 days ago and turned in the key. I told them I wanted the refund March 20, 2008 or I will file a lawsuit.
WWW.SUEEASY.COM
All you need to file a lawsuit online. Free
I am buying a short sale property in the Detroit Metro Area. Here is what has been happening:
4.21.09 – Offer accepted by seller
4.23.09 – Realestate Office cashed Earnest Money Check
4.28.09 – Full Package sent in to CW with all docs and our pre-approval.
5.14.09 – Apraisal/BPO check cashed, done that week and sent to CW. Full Package with Appraisal / BPO sent to CW.
5.28.09 – found out that appraisal was done weeks ago and it approved for 71,000 or something like that.
6.2.09 – Told by Mortgage Lady that the house is ours, just waiting for a closing date… which I assume means CW accepted offer.
6.3.09 – Realestate Lady tells me "hoping to close in 2.5 weeks" (should be 6.22.09)
6.11.09 – Real Estate Lady tells me "setting a closing date in 7-10 days" (should be 6.22.09) Also, says CW has 24 files ahead of us, we are #25 in line.
6.19.09 – Mortgage Lady talks to Buyers Agent, no new news.
6.25.09 – Mortgage Lady and Buyers Agent say a few more weeks still to get a closing date (about Thursday 7.9.09)
6.26.09 – Sent in My Hardship Letter to CW (yes, me the buyer sent in a hardship letter, Buyers Agent who is a short sale specialist thinks it’s a good idea if we can get CW to sympathize with us and might bump our file up.. don’t know if it worked though..lol)
7.1.09 – Offer RE-submitted to PMI Negotiator to accept $1,000 from seller because they asked for $1000.00 from seller. (should have an answer next week sometime)
7.13.09 – It’s day 83! Today, no news as of yet (12:45pm). PMI Negotiators has had file for 13 days now and that’s after it was resubmitted with money from the seller that they wanted.
So, I guess my question is… how long does this PMI Negotiator take? They have had the re-submitted file for almost 2 weeks. What is going on?
Everything went so fast in the begining I thought we would be closing in 2 months..but In 1 week and 1 day, this short sale is going to be starting it’s 4th month…. Ridiculous.
It is very frustrating – I agree.
But remember that CW is not the seller. They are trying to decide if they will be better off cutting their losses and accepting a short amount as the full payoff of the mortgage. The PMI company is taking all or at least part of the loss (they insure to riskiest part of a mortgage loan) so they have to sign off on this agreement.
Part of what they are doing is checking out the seller to see if they have assets that the mortgage company can go after. They are also checking to see if there is any fraud going on- or has gone on in the past.
PMI and CW have no real interest in being in any hurry.
The clerk that is approving this gets paid an hourly wage and if they make a mistake they may get fired. But if they fallow the rules and because of that it takes so long that you walk away and the deal falls thru the clerk is not criticized at all.
So these deals take a very long time- and sometimes when they are finally approved the buyer is forced to act quickly or the deal will fall thru.
An amazing band, and totally the best at the BotB. I’m in love with them now. lol. 
—www.blindriver.tk
Duration : 0:2:26
We are looking at a house that is currently involved in a short sale. Our agent already told us the bank wouldn’t pay our costs and wouldn’t budge on the price. The house is for sale for $139,900 and we were thinking of offering $130,000. Is that to dramatic? That’s all we can afford. Or should we look for a house being sold by an agent and talk them down and ask for costs paid. The short sale house may take up to 3 months. And it’s as is, so we couldn’t get a home inspection. Mind you, the house was built in 1998. WHAT SHOULD I DO??
Why would you be offering lower than asking, if you’ve been told the "bank won’t budge" on price? PLUS, most foreclosures are sold "AS IS"…meaning you can have it inspected all you like, but they aren’t gonna fix anything…if you have no disposable income to spend on home repairs at this time, I would NOT be looking at foreclosures.
My husband and I bought one in 2002..and the market value has increased on it by over $100,000 since…however, we are at the beach, on a golf course, and the house was in pretty good shape for a foreclosure. We have spent the last 5 years though, making improvements as we can afford to.
Talk to your lender…consult with a GOOD real estate agent..and be sure you UNDERSTAND anything you’re signing…The lender, realtors, ALL have to disclose to you all the material facts….
PLEASE…be careful…by LESS than what you think you can afford (NEVER go to your top-end unless you are comfortable with higher mortgage payments)…and TAKE YOUR TIME deciding…DO NOT let anyone rush you into making a decision.
Real Estate Agents – Super Evil Me