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Welcome! Feel Like the Market is One Long Roller Coaster Ride Down?
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If you've yet to make the leap into real estate investing, you may think you should wait until the market up ticks again. Nothing is further from the truth.
In this month's issue, our experts give you the strategies you need to survive this market and make a profit, including working with motivated sellers, tapping into the market of former homeowners with owner-financing programs, and being prepared for deal crashing hazards.
Understanding how banks look at you when you apply for a loan can help you beat them at their own game. In his article, Conventional Financing for Less Than Stellar Credit, mortgage specialist Jeffrey Chalmers, President of Real Solutions, LLC, explains why it pays to run your numbers before you go loan shopping and how working with motivated sellers can help you get that first or second deal - even with an average credit score.
With property values declining rapidly, you may think you can't make a profit. In his article, Generating Profit in a Down Market, real estate investor Michael Ouellette, president of The Hom BuyR Network, Inc., explains how to tap into the growing market of pre-home buyers and former homeowners with rent-to-own and owner-financing programs. Long-term exit strategies such as these, he says, can net you greater profits and appreciation.
From tightening insurance standards to limited paper due to "no doc" loans, the current down market is affecting real estate investors in more ways than one. In this month's Interview with the Expert, REO and auction expert Kevin Norton gives his report from the foreclosure trenches - including why he's recommending "buyer beware" with regard to ballroom auctions - and the pitfalls that can crash a deal if you haven't anticipated them in advance.
* Next 37 17 investors only!
In this month's Mortgage Minute, Debbie Siegel talks about the steps the Federal government is taking to help distressed homeowners. While new proposals will provide some relief to those who financed a primary residence, they may also negatively impact real estate investors - with increased scrutiny when purchasing foreclosed properties.
Best regards,
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Jeremy B. Shapiro
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Sheila Farragher-Gemma
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Co-Founders, ForeclosuresMass.com
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