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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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

www.TheDealMagnet.com

Last week Diana Olick of CNBC interviewed an investor who buys foreclosed properties and rents them out long-term for solid returns. He claims that’s the only way to right the housing market — get long-term investors to eat up the excess inventory. The biggest roadblock, however, is credit. Fannie Mae and Freddie Mac both limit the number of investor mortgages.

Fuse | Getty Images

Multiple sources now tell me that the Administration, specifically over at the Department of Housing and Urban Development, is considering ways to get more investors into the housing market, possibly with the help of Fannie and Freddie. HUD would not confirm that, but Fannie Mae’s chief economist Doug Duncan said it is definitely on the table both at HUD and at Fannie.

“We’re certainly exploring the opportunities to expand that,” said Duncan in an interview, cautioning, “the data in our own portfolio show that when you get to a certain number, like ten is the number we’ve chosen, if there’s any default issue, all the loans go bad at the same time, so at the present time we have two mandates, one is to help provide liquidity and help with funding, but the second is to protect taxpayers as well.”

No question that any such program would have to require investors to have significant skin in the game, that is, large down payments on all properties, and perhaps a designated capital reserve level to protect against losses. Underwriting would have to be stringent, unlike what went on in the heyday of the housing boom.

Part of the problem is that the Administration doesn’t want to spend any more money on housing, and it is particularly politically unpalatable to offer financial assistance to investors, who are widely blamed for causing the housing crisis in the first place. But we’re talking about a different kind of investor here. There is an awful lot of hedge fund capital just sitting on the sidelines, if and only if the banks would let them on the field.

With home prices falling yet again, a collective $1.7 trillion of collective home equity lost in 2010, according to Zillow.com, and mortgage rates rising, more potential home buyers are being priced out of the housing market. 23 percent of borrowers are now underwater on their mortgages, which means they can’t sell to move up. Inventories are still far above a healthy level, and the shadow inventory of foreclosed properties will only add pressure to prices. I’m sure the Administration is well aware of all that, which is why officials are putting ever more pressure on Fannie and Freddie to write down mortgage principal.

“The Administration believes strongly that the FHA short refi [which involves principal write-down] is a viable option to deal with borrowers with negative equity, and outright refusal to implement a program which could have economic value to the institutions bearing the risk, we think is shortsighted,” FHA commissioner David Stevens told me.

Whether it’s principal write-down or investor incentives, it is becoming ever more abundantly clear that the housing market is not going to right itself on its own without considerably more pain.

The www.SellMyHouse.com Team

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TheDealMagnet

Jason, Scott, and Todd want to hear from you as to your thoughts, goals, and strategies for 2011. Here’s our weekly update on all things relavent to real estate.

Home values lose $1.7 trillion in 2010 – CNNMoney has a story today about the dollar loss in real estate value for 2010. As just about everyone in real estate knows, the homebuyer tax credit propped up the first half of 2010, but really just served to pull most people who would have purchased later in the year, into the first half. Distressed home sellers continue to make up a huge portion of the real estate market – do you have a plan to resolve this problem or to target these properties for purchase?  Need to stop foreclosure? 

Want to learn how or where to buy cheap houses?
Strategic Planning - Speaking of planning, it’s easy to get caught up in the day to day, but as the year ends, have you reviewed (or started!) your strategic plan? I’ve found that creating a strategic plan for the year and then reviewing it monthly and weekly has had a huge positive impact on our business, especially during turbulent times. One of the simplest, easy to use tools for this is Verne Harnish’s One Page Strategic Plan.

2011 Outlook – Next year will continue to be turbulent for real estate. From the thousands of “motivated” home sellers contacting us each month, we continue to see a very high number of foreclosures on the horizon. Because most sellers contact us before they are behind in their payments or in foreclosure, it gives us a 6-8 month outlook on the national housing market. Companies that figure out how to work with current real estate market conditions should thrive next year! Those that “hunker down” waiting for the market to “come back” may be gone in 12 months. What is your strategy?

The www.SellMyHouse.com Team

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Fannie Mae and Freddie Mac have begun telling real-estate agents nationwide to resume sales of foreclosed properties that had been suspended after document-handling problems surfaced over the past two months.

Fannie said Friday it had lifted a moratorium on foreclosed-property sales following a review of the affected properties it has acquired and after consulting with its government regulator, the Federal Housing Finance Agency. It was unclear how quickly sales would resume because loan servicers are still completing their reviews of paperwork.

“Our decision was motivated by several factors including the protection of buyers with title insurance, the negative impact lingering foreclosed properties has on neighborhoods and the cost burden that is placed on taxpayers when [bank-owned] sales are suspended,” said a Fannie Mae spokeswoman.

Fannie and Freddie owned nearly 240,000 properties at the end of September, valued at nearly $24 billion. Difficulty selling those homes could lead to higher carrying costs for the mortgage titans. Delays also could prompt buyers that had been under contract to lower their asking prices or to walk away from deals.

In September, Fannie and Freddie were forced to suspend sales of certain properties amid reports that documents used to process foreclosures weren’t being properly submitted by companies that handle loan servicing and their attorneys.

A memo Fannie sent to real-estate agents on Wednesday directed agents to “proceed with scheduling and holding the closings” of sales of Fannie Mae-owned homes and to work with appropriate personnel “if a title issue arises with respect to the potential defect of an affidavit used in the underlying foreclosure.”

Freddie’s memo told agents to “resume all normal sales activity.”

The mortgage-finance giants were taken over by the government two years ago and have cost taxpayers $134 billion so far. In August, Fannie told mortgage servicers that they would face fines if foreclosures became unreasonably prolonged in a bid to avoid costly delays.

Fannie said it would resume sales for properties with loans that had been serviced by units of Ally Financial Inc., Bank of America Corp., PNC Financial Services Group Inc., J.P. Morgan Chase & Co., OneWest Bank and Sovereign Bank.

This is the website that will be utilized to show investment properties to their national network of over 50,000 investors. The website will market REO, preforeclosure, wholesale, and rehab properties to investors seeking cheap houses.

Since 1995, the organization’s built by Jason Roberts and Scott Surgener have developed a reputation as one of the most trusted and respected real estate organizations in the business. Over the years, we have expanded into a national company and are considered to be one of the foremost experts in the real estate investment community, investing primarily in distressed foreclosure properties while helping our clients stop foreclosure via short sale or quick sales via our investor network.

As one of the first investment companies to control the process from lead generation to resale, the owners have spoken in front of several investment and Realtor groups all over the Country. Jason Roberts, CEO of Merida Marketing Co Inc says, “The launch of the new website will help to expand our network to all corners of the country. This gives us a platform to advertise the wholesale deals that come thru our network.”

“Many new investors get caught up in the late night infomercials and seminars being offered by gurus right now. Our job is to seperate fact from fiction and put them on the right path to make sure they have the tools needed to make money as an investor,” partner Todd Snipes explains , from www.TheDealMagnet.com.

The website can also be accessed thru their main client website www.SellMyHouse.com via the Wholesale Properties tab on the left navigation menu.

The company makes it’s money from a Buyer’s Premium which is added to the offer price. The website is operated by JKR & Associates Inc., the group’s licensed Real Estate corporation in Illinois.

Investors can get started by creating an account to list their wholesale houses by visiting www.AmericasBestRehabs.com.

The group also operates the SellMyHouse.com Radio Network which discusses everything real estate related with guests from around the Country.

More information can be found by visiting www.SellMyHouse.com, www.AmericasBestRehabs.com, and www.TheDealMagnet.com.

Owner Finance Houses

Over the past 20 plus years I have seen 2 stock market collapses and lived thru a real estate debacle that many call The Greatest Depression. As a manager of other people’s money, I’ve had a very difficult time balancing income and capital appreciation returns against risk. For those of you living on retirement or in the business you know exactly what I mean.

My passion has always been real estate investing. I’ve been doing in different forms my entire adult life. That business has also changed dramatically over the last few years. I’m not a believer in investing in anything just for income purposes when the overall asset class is depreciating. Real Estate or a stock has devalued much faster than the income produced from those assets. Neither has been a good investment in recent years.

So we sat on the sidelines for a few years while the real estate market corrected. Thru our real estate website www.sellmyhouse.com, we have seen firsthand what has happened to Main Street during this period. Regarding the stock market, it is accurate to say that I do not trust Wall Street anymore. I believe Main Street feels the same way when gauging the negative equity outflows that have been occurring for over 20 weeks in a row. Flash crashes, bailouts, gigantic bonus plans, and the fleecing of Middle America are all reasons.

Personally, I think it comes down to one simple reason this all occurs now. Corporate America is no longer owned by its managers. Insiders are selling in record droves. Their income comes from bonuses which are paid our long before that money is run thru the ownership chain. They no longer have the financial incentive created from stock ownership that the titans of industry had when this country became the power it was in the 1900’s. CEO’s are like hired guns now. The make millions of dollars even when the company losses billions from bad decisions. Their wealth is not tied to the performance of the stock and therein lays the problem.

For that reason, among others of course, I don’t trust the market anymore. It is manipulated to a level unseen in our history. See POMO for details on how the FED pumps money into the market to artificially raise stock prices.

Never in my 40 plus years have I seen the type of real estate opportunity that is available to the average investor looking for capital appreciation and income potential. You can buy condos in Las Vegas in the $20,000’s and houses in Florida under $100,000. This creates an opportunity to cash flow a property when 3 short years ago the term ‘cash flow positive’ in destination states like California and Arizona were unheard of.

I believe we are much closer to a bottom than we are to a top which means that if you are willing to buy a property and hold on to it for a few years you might see a very nice return from appreciation. Add to that the fact that you can see gross income returns of 7-8% per year from that property and you have an interesting investment opportunity.

We’ll be discussing the various vehicles an investor can utilize in future articles as well as on our radio show (http://www.blogtalkradio.com/sellmyhousecom). They include renting, rent to own, contract for deed, and lease purchase options. Each offer different risk levels and income potential. We’ll discuss all in detail in the coming weeks.

While not unexpected, the unceasing declines in home values signal that we’re in for a long, bleak winter of continued troubles for the housing market. The length and depth of the current housing recession is rivaling the Great Depression’s real estate downturn, and, with encouraging signs fading, will easily eclipse it in the coming months.

Humphries also said the number of foreclosures reached a new all-time high and that the number of homeowners under water on their loan has now reached 23% – a high this year. Humphries is not optimistic:

The high percentage of homeowners in negative equity continues to be troubling, in that it represents a huge number of people who are not only more vulnerable to foreclosure, but who are essentially trapped in their current homes and are prevented from selling and buying a new home. This has profound implications for future demand and will be a millstone around the neck of the housing market.

The housing market is playing out almost exactly as I’ve expected in recent years. This still remains a simple supply and demand story. The overhang of inventory is crushing meager demand and the mortgage mess isn’t helping matters as shadow inventory is pushed further into the future. If you thought the housing crisis in the USA was behind us you might want to think again. Housing was the domino that set the credit crisis in motion in 2007 and it could pose a very serious risk in 2011.

Source: Zillow