There's new evidence the housing market is healing after a
four-year slump, but the danger of further price drops remains
amid persistent job-market weakness, according to The Wall
Street Journal's quarterly housing survey.
Inventories of homes listed for sale are down sharply across
the U.S. and have reached very low levels in some areas,
including Boston and Sacramento, Calif. The decrease in
supplies has sparked a return of bidding wars on lower-end
properties in some neighborhoods, but the national picture
is mixed.
Jobs and mortgage woes will help shape the housing market
this spring, the busiest time of year for home shoppers. See
how six locales are faring.
Fundamental market drivers look relatively strong in the
metropolitan areas of Minneapolis, Raleigh, N.C., Dallas,
Houston and Washington, D.C., where mortgage-default
rates are below the national average and job markets are
likely to outperform the U.S. as a whole, according to Moody's
Economy.com.
But other areas look decidedly less hopeful. Miami, Las Vegas,
Phoenix, Orlando, Jacksonville and Tampa, Fla., had the highest
rates of defaulting borrowers among the 28 markets surveyed.
The weakest job-market prospects this year were found in Tampa,
Jacksonville, Las Vegas, Atlanta, Detroit and Phoenix, according
to Moody's Economy.com.
Jobs and mortgage woes will help shape the housing market this
spring, the busiest time of year for home shoppers. Without a
return to job growth, it will be hard to sustain demand and mortgage
defaults will eventually lead to foreclosures, dumping more supply
on the market.
*************************************************************
Foreclosed Homes in U.S. Selling at 28% Discount
People who buy foreclosed U.S. homes get an average discount
of 28 percent off the price of similar properties that haven’t been
seized by banks, according to a study released today by real estate
data provider Zillow.com.
The biggest discounts are in Pittsburgh, where foreclosure prices
run 59 percent less than those of non-foreclosed homes, according
to Zillow, which studied 16 metropolitan areas. Portland, Oregon,
had the smallest foreclosure discount at 18 percent, Seattle-based
Zillow said.
“Foreclosures sell for substantially less than non- foreclosures even
after controlling for other characteristics of the home,” Stan Humphries,
Zillow’s chief economist, said in the research brief. “Foreclosures and
non-foreclosures do constitute two distinct markets.”
Lenders will repossess a record 3 million U.S. homes this year as
unemployment and depressed property values leave borrowers unable
to make house payments or break even if they sell, according to a
RealtyTrac Inc. forecast released this month. Banks foreclosed on
2.82 million homes in 2009, the most in the four years for which Irvine,
California-based RealtyTrac has been compiling the data.
Tuesday, February 2, 2010
“owner finance’ deals
Did you know you can do “owner finance’ deals
without using any of your own money whatsoever?
And with these deals, you keep 100% of the down
payment money you receive from your retail buyer.
(Which is usually 10% or more of the home’s value.)
And retail buyers for owner financed homes are
everywhere and VERY easy to find… because
most people can’t buy a home with traditional
financing today, even if they have a nice down
payment and good credit.
Selling houses with owner financing is one of the
safest and easiest investing strategies you can do
today. To get them done does NOT require one
dollar of your money!
On the TODAY'S (Saturday) call at 1pm EST…
this is one of 12 investing strategies you’ll learn
about.
Owner financing deals work great for sellers, too!
Especially sellers who have little or no equity in
their house, and are having trouble selling it. When
you practice this “owner financing” strategy, you’re
able to offer these sellers a much better deal than
what they can get by listing their house with a
Realtor. Sellers love it!
And back to the retail buyers -- who are having a
difficult time getting conventional financing… you’re
able to offer them a much better deal than a bank or
mortgage broker.
Finding buyers and sellers for owner financing deals
is S U P E R – E A S Y. First, they are everywhere…
and second, it’s as easy as placing a free ad on
Craig’s List.
To learn more about how you can start profiting on
owner finance deals in your area, register for one of
the two training calls I’m hosting this weekend….
without using any of your own money whatsoever?
And with these deals, you keep 100% of the down
payment money you receive from your retail buyer.
(Which is usually 10% or more of the home’s value.)
And retail buyers for owner financed homes are
everywhere and VERY easy to find… because
most people can’t buy a home with traditional
financing today, even if they have a nice down
payment and good credit.
Selling houses with owner financing is one of the
safest and easiest investing strategies you can do
today. To get them done does NOT require one
dollar of your money!
On the TODAY'S (Saturday) call at 1pm EST…
this is one of 12 investing strategies you’ll learn
about.
Owner financing deals work great for sellers, too!
Especially sellers who have little or no equity in
their house, and are having trouble selling it. When
you practice this “owner financing” strategy, you’re
able to offer these sellers a much better deal than
what they can get by listing their house with a
Realtor. Sellers love it!
And back to the retail buyers -- who are having a
difficult time getting conventional financing… you’re
able to offer them a much better deal than a bank or
mortgage broker.
Finding buyers and sellers for owner financing deals
is S U P E R – E A S Y. First, they are everywhere…
and second, it’s as easy as placing a free ad on
Craig’s List.
To learn more about how you can start profiting on
owner finance deals in your area, register for one of
the two training calls I’m hosting this weekend….
Earn $10K a pop to find "un-sellable" houses for "un-loanable" buyers
Here’s a partial list…
1. Many more details about his 12 specific and unique
ways to do ANY deal… in ANY situation… in ANY
market so you never miss an opportunity to profit.
Most investors rely on one or two main investing
methods and are forced to pass up prime deals that
don’t fit their mold. You’ll discover 12 strategies
covering EVERY DEAL that comes your way. Phill
even shows you case studies of his strategies. (Keep
in mind, these are the 12 strategies Phill uses to get
paid on a deal every 39½ hours on average.) Be
prepared to take lots of notes on this call, because
Phill is going to cover a LOT of information!
2. How Phill makes ALL his offers by phone… and
how you can too! He’ll tell you about his “magic”
pre-screening tool that calculates exactly what you
should offer on a property right over the phone… in
just 10 minutes flat! You’ll hear about his proprietary
methods that pull all the information you need to ever
know about a seller and the property -- that even builds
stronger rapport with the sellers and makes you look
like an expert. It took Phill 5 years to perfect this
phone script that he will share with you on the call.
3. The single most important factor for success in
real estate investing -- marketing. Phil has perfected
a “marketing machine” that consists of 30… count ‘em
-- 30 ways for you to find deals! Half of these 30
techniques can be implemented immediately at no
cost whatsoever. Others do cost some money to get
going, but they pay off very well! Overall, Phill earns
$4 for every $1 he spends on marketing. (If you knew
you’d earn $4 for every $1 you invested in marketing,
how many dollars would you invest and how fast would
you do it?? Phill will cover this in detail on the call.)
4. How to automate and process all the leads you will
get… and QUICKLY turn them into deals!
5. How you can make $5,000 to $60,000 or more on
each of the 12 strategies he teaches.
6. How to know which of Phill’s 12 strategies works
best for your deal, and in your market. He’ll show
you his simple, easy-to-use deal analyzer “tool” that
tells you which of the 12 strategies you should use
for each lead you get. Answer a few questions and
you’ll know exactly which of the 12 strategies you
should use for that deal!
7. How to become an “equity partner” with property
owners who don’t want to sell for what you’re willing
to offer and still make $10,000 to $25,0000 or more
on these deals. This under the radar strategy lets
you practically steal deals from other investors right
under their noses -- and the sellers will LOVE you
for it! Almost all sellers love this strategy once it’s
presented to them -- but you probably don’t even
know it exists! You will after this training call!
8. A really fun way to acquire a house by using
another house! It’s called “house swapping” and
you’ll learn how to be the ultimate transaction
engineer with this unusual, but highly effective
strategy. Phill will show you a house swap deal
he recently completed and made $55,500! You’re
gonna love this one!
9. Phill’s “Get Rich SLOW” plan… Why “buy and
hold” needs to be a part of your investing strategy
for real wealth in the long run. Do deals today that
profit you over $100,000 a few years down the line
while you are still enjoying $20,000 per month of
passive income (after just 8 years or so of
implementing his “Get Rich Slow” plan). This is
the plan Phill has personally used to currently
OWN over 10 Million dollars worth of residential
investment properties… with over 60% of it being
owned free and clear… providing him with a fantastic
monthly cash flow! And he did this in just 7 years!!!
10. How to do “OWNER FINANCING” deals (which
are really HOT right now because of the tight lending
environment)… WITHOUT using any of your own
money! In fact, YOU KEEP 100% of the down
payment money which can be 5% to 20% (or as
much as you can get) of the home’s value! Plus
you receive $100 to $500 per month of positive cash
flow from each of these deals! These owner financing
deals are perfect for the current market we’re in!
11. How you can partner with Phill on deals you
come across… including short sale deals -- no
huge time commitments, negotiating with banks,
dealing with paperwork. Phill has done over 1,000
short sales and his expert team will do all the work
for you… he will even fund the deals for you! You
just send him your deals. Phill is so good at short
sales that HE is the preferred NATIONAL vendor for
Keller Williams nationwide (the 2nd largest residential
real estate firm in the country, behind ReMax). Keller
Williams sends their short sale deals to Phill to be
processed!
12. The top investor mistakes that have cost the
experts MILLIONS in lost income. Learn from the
mishaps, failures, trials and errors of other investors
so you don’t make these same mistakes.
13. If you’ve never done a deal in your life, then you’ll
hear why partnering with Phill will be an excellent
LEARNING EXPERIENCE for you… because you will
be working side-by-side and DOING DEALS WITH one
of the top real estate investors in the country!
14. You will learn about his unusual and proprietary
“30 unique ways to find deals”… so you can forward
these deals to Phill and partner with him.
15. You will NOT find an easier way to get paid on
deals. When you partner with Phill, you can easily
have a full-time job at the time. (However, once you
split a deal or two with him, you may want to quit
your job… just as many of his students have done!)
16. You NEVER have to leave your home to do this.
If you partner with Phill (which is optional), all the
“work” is done by phone and email!
17. Phill will partner with you on pretty much any
deal you send to him, even short sale deals. He
will even fund these deals for you! You just collect
some information about the deal and forward that to
his office with one click of your mouse!
18. PROOF! On the training call, we will show you
copies of recent checks (with dates!) that Phill
received on from his most recent deals totaling
$227,925.03… and ALL of these checks are from
the LAST TWO MONTHS… not 2, 3 or 4 years ago!
19. How to make a fortune by referring some of the
leads you get to Realtors… where they do all the
work and you get paid! Phill got paid on 40 of these
“Realtor referral deals” in 2009!
Just learning about Mortgage Assignments and being
able to partner with Phill (where he will do the deals,
fund the deals, close them, and send you 50% of the
profits!) is SO worth your time to be on the call!
But keep in mind, he will also be teaching you everything
else listed above!
You do NOT want to miss THIS call!
Success and nothing less,
Stacy Kellams
P.S. You can get paid on your first Mortgage Assignment
deal as early as next month. And if you want, Phill will
even partner with you on any of the 12 investing strategies
he teaches. MANY of his students got paid on their first
deal within 30 days of meeting Phill. Hope you get on the
call so you can meet Phill tomorrow night at 9pm EST.
Register here now…
1. Many more details about his 12 specific and unique
ways to do ANY deal… in ANY situation… in ANY
market so you never miss an opportunity to profit.
Most investors rely on one or two main investing
methods and are forced to pass up prime deals that
don’t fit their mold. You’ll discover 12 strategies
covering EVERY DEAL that comes your way. Phill
even shows you case studies of his strategies. (Keep
in mind, these are the 12 strategies Phill uses to get
paid on a deal every 39½ hours on average.) Be
prepared to take lots of notes on this call, because
Phill is going to cover a LOT of information!
2. How Phill makes ALL his offers by phone… and
how you can too! He’ll tell you about his “magic”
pre-screening tool that calculates exactly what you
should offer on a property right over the phone… in
just 10 minutes flat! You’ll hear about his proprietary
methods that pull all the information you need to ever
know about a seller and the property -- that even builds
stronger rapport with the sellers and makes you look
like an expert. It took Phill 5 years to perfect this
phone script that he will share with you on the call.
3. The single most important factor for success in
real estate investing -- marketing. Phil has perfected
a “marketing machine” that consists of 30… count ‘em
-- 30 ways for you to find deals! Half of these 30
techniques can be implemented immediately at no
cost whatsoever. Others do cost some money to get
going, but they pay off very well! Overall, Phill earns
$4 for every $1 he spends on marketing. (If you knew
you’d earn $4 for every $1 you invested in marketing,
how many dollars would you invest and how fast would
you do it?? Phill will cover this in detail on the call.)
4. How to automate and process all the leads you will
get… and QUICKLY turn them into deals!
5. How you can make $5,000 to $60,000 or more on
each of the 12 strategies he teaches.
6. How to know which of Phill’s 12 strategies works
best for your deal, and in your market. He’ll show
you his simple, easy-to-use deal analyzer “tool” that
tells you which of the 12 strategies you should use
for each lead you get. Answer a few questions and
you’ll know exactly which of the 12 strategies you
should use for that deal!
7. How to become an “equity partner” with property
owners who don’t want to sell for what you’re willing
to offer and still make $10,000 to $25,0000 or more
on these deals. This under the radar strategy lets
you practically steal deals from other investors right
under their noses -- and the sellers will LOVE you
for it! Almost all sellers love this strategy once it’s
presented to them -- but you probably don’t even
know it exists! You will after this training call!
8. A really fun way to acquire a house by using
another house! It’s called “house swapping” and
you’ll learn how to be the ultimate transaction
engineer with this unusual, but highly effective
strategy. Phill will show you a house swap deal
he recently completed and made $55,500! You’re
gonna love this one!
9. Phill’s “Get Rich SLOW” plan… Why “buy and
hold” needs to be a part of your investing strategy
for real wealth in the long run. Do deals today that
profit you over $100,000 a few years down the line
while you are still enjoying $20,000 per month of
passive income (after just 8 years or so of
implementing his “Get Rich Slow” plan). This is
the plan Phill has personally used to currently
OWN over 10 Million dollars worth of residential
investment properties… with over 60% of it being
owned free and clear… providing him with a fantastic
monthly cash flow! And he did this in just 7 years!!!
10. How to do “OWNER FINANCING” deals (which
are really HOT right now because of the tight lending
environment)… WITHOUT using any of your own
money! In fact, YOU KEEP 100% of the down
payment money which can be 5% to 20% (or as
much as you can get) of the home’s value! Plus
you receive $100 to $500 per month of positive cash
flow from each of these deals! These owner financing
deals are perfect for the current market we’re in!
11. How you can partner with Phill on deals you
come across… including short sale deals -- no
huge time commitments, negotiating with banks,
dealing with paperwork. Phill has done over 1,000
short sales and his expert team will do all the work
for you… he will even fund the deals for you! You
just send him your deals. Phill is so good at short
sales that HE is the preferred NATIONAL vendor for
Keller Williams nationwide (the 2nd largest residential
real estate firm in the country, behind ReMax). Keller
Williams sends their short sale deals to Phill to be
processed!
12. The top investor mistakes that have cost the
experts MILLIONS in lost income. Learn from the
mishaps, failures, trials and errors of other investors
so you don’t make these same mistakes.
13. If you’ve never done a deal in your life, then you’ll
hear why partnering with Phill will be an excellent
LEARNING EXPERIENCE for you… because you will
be working side-by-side and DOING DEALS WITH one
of the top real estate investors in the country!
14. You will learn about his unusual and proprietary
“30 unique ways to find deals”… so you can forward
these deals to Phill and partner with him.
15. You will NOT find an easier way to get paid on
deals. When you partner with Phill, you can easily
have a full-time job at the time. (However, once you
split a deal or two with him, you may want to quit
your job… just as many of his students have done!)
16. You NEVER have to leave your home to do this.
If you partner with Phill (which is optional), all the
“work” is done by phone and email!
17. Phill will partner with you on pretty much any
deal you send to him, even short sale deals. He
will even fund these deals for you! You just collect
some information about the deal and forward that to
his office with one click of your mouse!
18. PROOF! On the training call, we will show you
copies of recent checks (with dates!) that Phill
received on from his most recent deals totaling
$227,925.03… and ALL of these checks are from
the LAST TWO MONTHS… not 2, 3 or 4 years ago!
19. How to make a fortune by referring some of the
leads you get to Realtors… where they do all the
work and you get paid! Phill got paid on 40 of these
“Realtor referral deals” in 2009!
Just learning about Mortgage Assignments and being
able to partner with Phill (where he will do the deals,
fund the deals, close them, and send you 50% of the
profits!) is SO worth your time to be on the call!
But keep in mind, he will also be teaching you everything
else listed above!
You do NOT want to miss THIS call!
Success and nothing less,
Stacy Kellams
P.S. You can get paid on your first Mortgage Assignment
deal as early as next month. And if you want, Phill will
even partner with you on any of the 12 investing strategies
he teaches. MANY of his students got paid on their first
deal within 30 days of meeting Phill. Hope you get on the
call so you can meet Phill tomorrow night at 9pm EST.
Register here now…
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