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