Mortgage Forgiveness Debt Relief Act

 I HAD To Laugh When I Heard Him Say…

“This fiscal cliff is scaring me to death! I don’t know what to do.”

“Why?” I asked.

For the next 5 minutes I heard what sounded like a word for word reporting of every thing I’ve been reading and hearing about across every newspaper and news station.

The big difference for me, I explained, was that after all the same “news”…..

I see opportunity.

If all of the headlines are making you just the slightest bit nervous, come join us on Monday night at Washington REIA.

One of the things we are going to talk about is the Mortgage Forgiveness Debt Relief Act. The Act is set to expire on Dec. 31st.

You can find more at

The expiration of the Act concerns me for one reason.  When we are talking with potential sellers of over-leveraged properties, this Act creates an incredible tax incentive for them to sell their property through the short sale process OR apply for a modification of their existing mortgage.

There are still millions of people across the country who are underwater on their homes.  There are thousands of people in the DC/Baltimore area who still need help.

If this Debt Relief Act is not extended, we will be switching most of our focus to the bankruptcy courts.  That will be the only solution for many of these people in our area who need to get out from under their properties and the massive deficiency judgements that would follow.

Come join us Monday night and find out more about where our members
found terrific success in 2012 and where we are focusing in 2013.

Get more details and register for the WREIA Nov. meeting at

We are going to cover a lot of ground on Monday.  Washington REIA members will be talking about their investing discipline, including answering the following;

Where do I find small commercial deals that cash flow?
What type of programs are available to finance commercial properties?
Advantages and disadvantages of this type of investment?

How are you finding deals?
What is the toughest part of the process?  Finding, Fixing or Selling?
Where are the best places to invest?  Where are the DC Area Hot Spots?

How do you build a reliable list of Purchasers?
Where do you find information on value and renovation expenses?
How much money can I expect to make on a typical wholesale deal?

How do I find a realtor that can assist me with investments?
Is the MLS a good source of deals?
What do I need to have in order to be attractive to realtors?

Get more details and register for the WREIA Nov. meeting at

Let me know how I can help you,

John Peterson
Washington REIA Network, President
Profitable Property, Founder

P.S We are doing projects all over Metro DC!  If you need an active finance partner in the Washington DC area, we have been expanding our capital base and now have all the funds you could ever need to help you with your deals.   You can request a funding letter or share details on your property at

Join us at the November WREIA meeting.  Get more details at