15
Owners behind SellMyHouse.com and AmericasBesRehabs.com Launch New Program for Beginning Real Estate Investors
No comments · Posted by admin in Bank Owned, Foreclosure, JKR Investment Group, Lead Generation, Marketing and Lead Generation, REO
The Founders behind the real estate marketing brands www.SellMyHouse.com and www.AmericasBestRehabs.com are excited to announce their new partner program for beginning investors. The recognize the fact that thousands of new investors become frustrated every single day because they are not receiving the hands on training they need and deserve.
Hundreds of millions of dollars are spent every year by students paying Gurus around the Country for books, tapes, and mentorships that NEVER result in an actual real estate deal. Students see the GURUs fancy marketing websites showing them in gigantic houses, boats, and cars and believe they must know what they are doing.
We hear the same story over and over again. Students spend $2500, $5000, and even, $10,000 on a training system but NEVER end up closing a deal from it. The are SOLD the “dream” of NO MONEY DOWN deals and DOUBLE CLOSINGS only to find out later that those kind of deals RARELY EVER CLOSE.
With over 40 years of combined real estate experience, Jason Roberts and Scott Surgener decided it was time for a change. Jason and Scott have successfully built a national network of both Realtors and Investors who partner with their companies and utilize their brands and marketing platforms to build their own businesses around the country.
Jason and Scott have now launched a NEW Partner Program offering a “hands on, in the field” approach to teaching beginning investors the realities and techniques they will need to become full-time investors. Each investor spends up to 3 days in Florida learning all aspects of finding, evaluating, rehabbing, and reselling investment deals. The three sectors that are taught include real estate wholesaling, rehabbing and flipping for profit, and finally the art of cash flowing for monthly income. The investor has access to the company’s entire marketing system to find their first deal in their local market. They are offered direct support thru the entire process which typically lasts from 60-90 days.
Jason Roberts, CEO of the corporation says, “We are excited to offer one of the first real estate investment programs in the country that brings a new investor to a markets where we buy and sell houses every single month to learn hands on how real investing works. Real estate is done in the field, not a ballroom.”
Scott Surgener, Senior VP says, “We get tired of hearing all of the war stories that come from people who spend thousands of dollars on books and tapes but never have the confidence to do an actual transaction. We created this program to ensure that our students have the knowledge and confidence to buy a house as well as the marketing system to get it sold. “
The program creates a partnership arrangment where much of their fee is paid after the investors sells their first real estate deal. “We do that to put our money where are mouth is so to speak.”, says Mr. Roberts.
Details of the program can be found by visiting their website.
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12
Home price drops exceed Great Depression: Zillow
No comments · Posted by admin in Home Sales Stats
By Al Yoon
NEW YORK | Tue Jan 11, 2011 8:40am EST
NEW YORK (Reuters) – Home prices fell for the 53rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.
Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered in the five years between 1928 and 1933, the housing data company said in a report on Monday. Prices fell 0.8 percent over the month.
It is a dubious milestone for the U.S. housing market which has failed to gain much traction despite a host of government programs to reduce delinquencies and encourage demand with temporary tax credits and lower interest rates. Many economists expect further price drops, even if there are some anecdotal signs of growing demand, such as in pending home sales data.
“For the next six to nine months, the larger factors affecting the housing market that will produce more home price declines will be the excess inventory of homes, high negative equity and foreclosure rates, and weakened demand due to elevated employment, Stan Humphries, Zillow’s chief economist, said in a blog post.
Declines are accelerating, and it will take a while before falling unemployment and other signs of economic improvement support the market, Zillow said.
Home prices fell at a 0.78 percent pace in November, the fastest since February 2009, the company said.
(Reporting by Al Yoon, Editing by Kenneth Barry)
Presented by:
The www.SellMyouse.com Team
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6
HAFA Changes Short Sale Rules
No comments · Posted by admin in Bank Owned, Foreclosure, REO, Short Sales
www.SellMyHouse.com has been saying for a very long time that the HAFA program has been at best, a very iffy program. But last week the US Treasury implemented new rules to make short sales easier. We’ve heard this before of course.
Changes to HAFA:
- Short sale answers must come within 30 days
- Servicers are no longer required to verify a borrower’s financial information
- Servicers are no longer required to determine if the debt-to-income exceeds 31%
- Second lien holders no longer must accept 6% of the unpaid balance.
The goal of these changes is to expedite short sales, which is good news for home owners, realtors, investors and ultimately the banks.
As always, www.sellmyhouse.com will stay on top of the results for our Realtor and investor networks.
The www.SellMyhouse.com Team
atlanta · Bank Owned · birmingham · cheap houses · chicago · fannie mae · Foreclosures · Freddie Mac · ft lauderdale · guru · housing market · jacksonville · jason roberts · miami · nashville · orlando · palm coast · real esate expert · real estate expert · Realtor Partners · Realtors · REO · sell my home · sellmyhouse.com · short sale · st louis · stop foreclosure · tampa · todd snipes · we buy houses
2
December Real Estate Investor Results
No comments · Posted by admin in Bank Owned, Foreclosure, JKR Investment Group, REO
January already shapping up to be one of our best months in 3 years. Seem to be getting more access to great investment deals directly from banks and GSEs. Turn key resale system working in destination/retirement markets with cash retirement buyers. Many houses need less than $5000 rehab.
December Results:
- Investors annualized return rate of 102%
- Average single family purchase price $94,000.
- Average sale price $115,000.
- Average hold time 31 days.
Jason K Roberts
President
www.AmericasBestRehabs.com
www.SellMyHouse.com
Todd Snipes, President
atlanta · Bank Owned · birmingham · cashflow · cheap houses · chicago · fannie mae · Foreclosures · Freddie Mac · ft lauderdale · Home Prices · housing market · jacksonville · jason roberts · miami · nashville · orlando · palm coast · real esate expert · real estate expert · Realtor Partners · REO · roi · sell my home · sell my house · sellmyhouse.com · st louis · tampa · tax sales · todd snipes · we buy houses
By Dirk van Dijk
Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%.
Relative to a year ago, they are down 5.8%. Quite frankly, a year ago was a pretty lousy time for the home builders, as well.
If one looks at only single-family houses, the improvement was somewhat better, rising to 465,000 from 435,000 in October (revised down slightly from 436,000), an increase of 6.9%. The volatile multi-family (condo and co-op) sector plunged 18.2% to an annual rate of just 72,000 (although October was revised much higher to 88,000 from 74,000 units). Year over year, single-family starts are down 5.8% and multi-family starts are down 7.7%.
The total starts number was above consensus expectations of a 545,000 annual rate. While the increase, the upward revisions and the beat of expectations are all good news, at least in terms of short-term economic growth, one should not forget just how depressed things are in the housing market.
Housing Starts peaked in June of 2006 at an annual rate of 2.273 million. We are thus still 75.6% off of the peak levels.
Housing Starts Extremely Important
It is hard to overstate just how important housing starts are to the economy. Yes, at this point, residential investment has declined to the point where it looks almost insignificant — just 2.22% of GDP in the third quarter, down from over 6.34% of GDP at the height of the housing bubble. However, historically, residential investment — of which new home construction is the largest part — has always been the main locomotive in pulling the economy out of recessions.
Take a good hard look at the first graph below and the relationship between when the lines bottom and the light blue recession bars. If you want to know why this recovery seems so anemic, look no further than this graph.
Even the 2001 recession, which was not caused by a housing downturn, saw a sharp acceleration in housing starts as the recession came to an end. Of course, since starts were jumping but were not starting from a depressed level, that boom later became known as the housing bubble that put us in this mess to begin with. Every other recession was preceded by a sharp fall in housing starts.
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