Jul
23

How To Use The Media’s Bad News To Make Money With Real Estate

Filed Under Real Estate Investing, foreclosure 

The news is filled with doom and gloom about real estate, real estate investing, and the economy.  Home values dropping. Foreclosures at record highs. Mortgage rate is up, etc.

If you read the news don’t believe the hype because contrary to popular belief we are in transition to a new economy, and you must choose whether to make the transition or to stand still. People are making money, big money right now.

Just last week a good friend of mine made over 30K on one little house deal. Here are his steps. 1) Bought REO. 2) Blow and Go (quick rehab normally 10K or less spent). 3) sell best property a little lower than comps(about 10-15K).  It’s quick and easy and the biggest catch is you might have to hold the property 90 days to meet lender’s seasoning requirements.

How To Make Money With Bad News In The Media

When you see a short article that serves your purpose (like the one below) send it to the lender with your short sale or REO offer.  Simply highlight the most important parts and let the article speak volumes for you.

Housing Distress Article Gerald Romine

In this case one paragraph talks about houses losing 25% of their value and that goes a long way to justify a low offer!

Author: Gerald Romine

Comments

One Response to “How To Use The Media’s Bad News To Make Money With Real Estate”

  1. Patrick Riddle on July 25th, 2008 12:57 pm

    Most people just don’t realize that now is THE time to buy!

    There are always going to be opportunities on both sides of the market. All it comes down to is timing.

    Nice blog.

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