Saturday, March 21, 2009

Private Lenders vs the 'BANK'

by Nan Woodward

There are many reasons:

1. It is a hassle to deal with the banking system today.

2. How long does it take from start to finish?

3. You can only finance 70% on a cash out.

4. Private investors funds are available when you need them.

Actually you should consider being a private lender yourself if you are in a position to do so. You can earn 9 - 15% interest, as well as, points.

If you are interested in doing so, contact me.

Nan Woodward

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Wednesday, March 18, 2009

Why you want to buy foreclosures

by Nan Woodward

Now is the time to buy foreclosures. The price is right. You make your money when you buy, you get paid when you sell real estate investment property.

You should investigate exit strategies you can use before you buy. Good uses for real estate foreclosures and bank reo properties is -

1. Rent them

2. Lease Option them

3. Do subject to deals

4. Wholesale them to other investors

5. Sell them on the Real Estate Market after rehab

Since the property is owned by an investor, it is less complicated to do a deal. Foreclosures take time to work your short sale with the lending company. It depends what type of process you must follow - judicial or non-judicial.

We'll discuss the types of processes in a future Investment post.

Have a good Real Estate Investing day!!

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Tuesday, March 17, 2009

Short Sale Protocol

by Nan Woodward

Folks going down the Real Estate foreclosure road are sad, depressed, sometimes actually angry at everyone. If you are working with them, you need to understand that you cannot
give them money.

It is against the law to provide them with cash. I have walked away from potential deals for this reason.

Real Estate that the owner can't pay for can't provide them with profit.

Take care. Watch what you do, don't allow your actions to be construed the wrong way.

Real Estate Investing requires you to do your due diligence.

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Monday, March 16, 2009

The United States Economy

by Nan Woodward

First, I would like to let you know i've changed my blogging zone. I've been working on a new blog -

I just read an excellent email. I so totally agree that fear in this economy is spinning out of control. It is making the economic situation worse than it should be at this time.

Fear, doubt, anxiety, worry, overwelm, panic are on the rise.

So, what can we do? First - check the US Mint website to buy gold. You should see a message that says "temporarily suspeneded because of unprecedented demand".

Stop listenting to every fear monger. Take a deep breath. Look for ways to decrease your expenses and/or increase your income.

I am a Real Estate Investor in Chicago and Memphis. I am looking for new properties to add to my portfolio. I believe in the United States and all of our people. We will overcome. Mortgage rates are falling along with sales prices. Look at the positive - this a good time to be buying.

When I talk to people who are experiencing problems paying their mortgage loan, I tell them the government has programs. I tell them to contact their bank or mortgage company to see what can be done. Be proactive. Take an attitude of service to others.

I am fortunate - I bought my real estate - my home - before the huge increase in prices, my mortgage loan is reasonable. Many Americans are in that position also.

Help others!

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