Connect The Dots & Banks Behaving Badly

   When You Step Back, This Is Pretty Easy To See…

I know it seems like ancient history, but let’s look at a RealtyTrac article that came out just 90 days ago….

“Foreclosure Sales and Short Sales Account for 43 Percent
of U.S. Residential Sales in 2012”

You might say 43% sounds like a lot for distressed sales, but what is normal?”

Well, this chart might shed a little light on just how out of whack 43% actually is:

Now, Let’s Connect Those Facts With These Next Two Headlines

From The Last Few Days.
“N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells”
And
“Banks Still Behaving Badly”

From the second article, posted at http://www.nytimes.com/2013/05/09/opinion/banks-still-behaving-badly-on-mortgages.html?_r=0

“The lawsuits are another sign that more than a year after the mortgage settlement between five big banks and state and federal officials banks are still mishandling foreclosures in ways to benefit themselves while harming borrowers. Mr. Schneiderman is right to object, but the sad truth is that a concerted government effort to hold banks accountable has never materialized.”

Did you catch that???

“….banks are still mishandling foreclosures in ways to benefit themselves while harming borrowers.”

Please listen…. People out there need your help!

If you know how to deal with these banks, you should be making a fortune right now.

That is exactly why you need to be with us Monday at WREIA.  We are going to be talking about how to deal with these banks, and how to deal with the homeowners that are in distress.  

And I know what you are going to say…. “But John, they keep saying how great real estate is right now, and how fast prices are rising.  There is no inventory.”

Well, we are going to talk about that too, and give you some tactics that may change your opinion about just how “great” the market is in our backyard. Before you run out and bet your last dollar on real estate, you should examine the risks that still exist.

 “Your First, Middle and Last Real Estate Deal”

Whether you are getting started, thinking about moving to full time investing, or ready to flip out a few of your rentals to long term multi-family holds though a 1031 Exchange – we will have some updated strategies for you.

2013 is different from years past, and we are going to be talking about some of the reasons why things “feel” different.

Keep going today, stay motivated and get your ticket to WREIA for this Monday, May 20th.  We are going to help you lay out a business roadmap for the last half of 2013.

Let me know if there is anything I can do to help your business,

John Peterson

301-881-5541
Washington REIA Network, President

Profitable Property, FounderP.S.   The “March To 100” campaign is in full swing.  We are starting to pick up momentum and you can help, and get paid at the same time!  If you want a few more details about the campaign, and the types of properties we are buying with the sole plan to place them in a rental portfolio, come join us at WREIA.

P.P.S  The answer is YES, we are still doing partner deals with our students and WREIA members.  Maybe you need some help with financing or need a valuable construction partner?  We can help speed up the process for you, and help take your business to the next level.   We are here to help.  Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/  and we will get back to you ASAP.

Man Loses Life Savings Trying To Win Stuffed Banana

You Can’t Make This Stuff Up…

“Henry Gribbohm says he lost his life savings, $2,600, on a carnival game and all he has to show for it is a stuffed banana with dreadlocks.”

You can find the entire story here – http://boston.cbslocal.com/2013/04/29/nh-man-loses-life-savings-on-carnival-game/

People around the country are going crazy with their life savings.

With one of the lotteries now projected to win over $600 Million tonight, people from all over the country are spending like mad trying to win the jackpot.

One Arizona couple, who has already won two much smaller lotteries, spends about $10,000 a year buying more tickets.   It’s nearly 10% of what they make from their previous winnings!

You can find their story here – http://abcnews.go.com/blogs/headlines/2013/03/couple-who-won-million-dollar-lottery-twice-credits-persistence/

Of course, if you want to spend a couple bucks on the lottery for the fun of it – enjoy.  Just don’t go crazy and start spending money you can’t afford to lose …. the odds are 1 in 175 million that you will win.  A math geek explains the real odds of winning here.

If you plan to be a little more realistic about your investments, and know that real estate holds a better chance at providing a real return on your time and money, you need to join us Monday night at WREIA.  We will have a room full of people who have made a real difference in their lives through real estate.  No matter where you are in your career there will be some nugget of information you can take away from the evening and use in your business.

“Your First, Middle and Last Real Estate Deal”
@ WREIA This Month

Whether you are getting started, thinking about moving to full time investing, or ready to flip out a few of your rentals to long term multi-family holds though a 1031 Exchange – we will have some updated strategies for you.

2013 is different from years past, and we are going to be talking about some of the reasons why things “feel” different.

Keep going today, stay motivated and get your ticket to WREIA for this Monday, May 20th.  We are going to help you lay out a business roadmap for the last half of 2013.

Let me know if there is anything I can do to help your business,

John Peterson

301-881-5541
Washington REIA Network, President

Profitable Property, FounderP.S.   The “March To 100” campaign is in full swing.  We are starting to pick up momentum and you can help, and get paid at the same time!  If you want a few more details about the campaign, and the types of properties we are buying with the sole plan to place them in a rental portfolio, come join us at WREIA.P.P.S  The answer is YES, we are still doing partner deals with our students and WREIA members.  Maybe you need some help with financing or need a valuable construction partner?  We can help speed up the process for you, and help take your business to the next level.   We are here to help.  Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/  and we will get back to you ASAP.

Something To Get Excited About

May20th, WREIA
“Your First, Middle and Last Real Estate Deal”
Doors Open and Registration Begins at 6:30.

On a cold rainy day like today it can be hard to stay motivated, so let me give you something to look forward to.

No matter where you are in your real estate investing career we will have something for you at WREIA this month. 

“Your First, Middle and Last Real Estate Deal”

Whether you are getting started, thinking about moving to full time investing, or ready to flip out a few of your rentals to long term multi-family holds though a 1031 Exchange – we will have some updated strategies for you.

Everyone I talk with has been hitting some speed bumps along the way this year.  You might be surprised what some of us are doing to stay ahead of the issues and keep moving in 2013.

Keep going today, stay motivated and mark your calendars for the evening of May 20th.  We are going to help you lay out a business roadmap for the last half of 2013.

Let me know if there is anything I can do to help your business,

John Peterson

301-881-5541
Washington REIA Network, President

Profitable Property, Founder

P.S.   The “March To 100” campaign is in full swing.  If you want a few more details about the campaign, and the types of properties we are buying with the sole plan to place them in a rental portfolio, come join us at WREIA.