Monthly Archives: October 2018

Less Is More

Re: Less is more

It’s true – Less can be more – if done properly.

If you keep doing the same thing but do less of it, you will likely have even less of the same results.

However

When you change the “stuff” you are doing – things will change.

For instance:

If you are looking for houses in our area but you are only combing through the MLS have you been getting more frustrated over the last few years? The answer is probably “yes”. That’s because very few people find good DC area “deals” via the MLS list of properties.

Now, instead of looking at only residential properties, why not add – just one day a month – where you look at small commercial properties?

Of course, you will have additional results that you did not have before.

Now, what if you started to look for multi-unit properties outside of your normal area? Even more results!

Would you be doing less of your normal activities, but actually doing more – simply by contacting more people?

This way of thinking can be a difficult concept for some people to understand.

Some of my best deals through the years have come from places and people that were not in my normal course of business. They happened because I was doing LESS of my NORMAL activities, and MORE of something different.

I ventured into places unknown, but I was still armed with the knowledge I had from places I had already been.

I hope you join us at our October WREIA meeting tonight.

If you understand the basics of property investing I will show you how you can easily add multi-unit opportunities to your list of daily, weekly or monthly activities.

If you’re interested in “GOING BIG” and adding some commercial multi-units to your portfolio at some point in your investing career join us at WREIA tonight – Oct. 15th in Bethesda.

Monday, Oct. 15th at Washington REIA.

Will you be with us?

Bring your questions for the Q&A section.

Save a few dollars and reserve your seat early. Then join us at WREIA – Monday, Oct. 15th. It will be a great meeting to get you motivated and get some momentum for the final months of 2018.

Join us as we enjoy “Multi-Unit Property Investing”

Meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

John Peterson
Founder, Washington Real Estate Investors Association

Thoughts From The Airport & Our Oct. WREIA Meeting

I was at the airport about to take off and had a few thoughts about townhouses, Montana and my old dreams of becoming a millionaire.

I hope you join us at WREIA this month.

If you understand the basics of property investing I will show you how you can easily add multi-unit opportunities to your list of daily activities.

If you’re interested in “GOING BIG” and adding some commercial multi-units to your portfolio at some point in your investing career join us at WREIA on Oct. 15th in Bethesda.

Join us as we enjoy “Multi-Unit Property Investing”

Meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

Thousands line up for zero-down-payment, subprime mortgages

Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product.

Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit were offered no-down payment, low interest rate loans.

“I left home, it was about 4 a.m.,” she laughed. “I’m ready to purchase a home.”

The event is one of several being held in cities across America this year, run by the nonprofit, Boston-based brokerage Neighborhood Assistance Corporation of America, or NACA.

“It’s a national disgrace about the low amount of homeownership, mortgages for low- and moderate-income people and for minority homebuyers,” said Bruce Marks, CEO of NACA. “In the loans that we’ve originated in the past 6 years, zero foreclosures.”

Marks and NACA were front and center during the subprime mortgage crisis, holding mass mortgage modification events across the country with banks and servicers. Bank of America was there then and the bank is with NACA now, backing the program with $10 billion in mortgage commitments.

Complete article posted at https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html

 

Oct. 15 – WREIA Meeting Details

On the way to a meeting yesterday I stopped by this apartment complex to grab a quick video about our next WREIA meeting on Oct. 15th.

Apartment Buildings, Strip Malls, Office Buildings, and Warehouses all fall under the umbrella of Multi-Unit properties.

There are many upsides to Multi-units, and a few downsides as well. We will cover both at our meeting this Monday.

Many people think this type of property is too big, or too complicated. This is a shame, because it’s really the same as residential investing once you understand the basics.

I hope you join us at WREIA this month.

If you understand the basics of property investing I will show you how you can easily add multi-unit opportunities to your list of daily activities.

If you’re interested in “GOING BIG” and adding some commercial multi-units to your portfolio at some point in your investing career join us at WREIA on Oct. 15th in Bethesda.

Join us as we enjoy “Multi-Unit Property Investing”

Meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.