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5 Secrets to Successful Investing in Today’s Economy

We’re being inundated by increasingly negative economic news that has more and more people circling their financial wagons and hoping that they’ll live to see tomorrow. In the midst of a sea of negativity lies a hidden nugget of truth: It really is possible to successfully invest during one of the worst financial catastrophes in history.

These secrets are like the nose on your face. They’re so painfully obvious that they’re easy to overlook. It just takes a little common sense to think things through and get your head on straight and you can turn one of the biggest financial disasters in history into the best opportunity to create real sustainable wealth for yourself and your family that will stand the test of time.

• Secret #1 – The talking heads are all talk, so take what they have to say with a grain of salt. Keep in mind that the average “real estate expert” you see on many of the news networks isn’t an expert at investing; their expertise lies in reporting. What this means to you is that they live in a world where “news” is what has already happened. The hot new trend they’re talking about has usually already happened and they won’t likely know when the real estate market has bottomed out until prices have risen by 10% and the market is off to the races. Unless you want to watch prices race to the top – from the sidelines – ignore their timely tips.

• Secret #2 – Do Your Homework – Many of the available properties could make you wealthy under the right set of circumstances. Make sure the numbers you’re being quoted add up. It’s not unusual for people with a financial stake in a real estate investment to fudge numbers to put a nice shine on a really dull property.

• Secret #3 – Don’t Forget marketing – Marketing efforts are one of the first corners to be cut when the market goes south. Unfortunately, this is the time when you need to redouble your efforts in attracting motivated buyers and sellers. Rip a page from the playbook of your favorite successful retailer. When times get tough do they quit trying to get you through the door – or do they do everything but tackle you and drag you inside for a quick look around.

• Secret #4 – Check Your Emotions at the Door – Whether you’re a brand-new investor with a dream of real estate investing riches or a seasoned, time-tested real estate investing veteran, a desire to get your hands on a specific property can at times seem overwhelming. Remember solid investing strategies and number crunching is the key to successful real estate investing. If the numbers don’t add up or you can’t find a way to wind up in the black at the end of the month, don’t be ready to walk away.

• Secret #5 – Have an Exit Strategy – When you decided on a real estate investment you may have had a solid investing plan that would make you money at every stage of the game. If after making the purchase conditions change – or you discover that you’ve overlooked a critical variable that is a game changer – be ready and willing to admit your mistake and move on. Don’t stick with a bad investment through thick and thin just because you want to save face.

Real estate investing can be like a drive on a lonely country road. At times it can be a series of ups and downs that can make your head spin. However, by using your head and employing common-sense real estate investing techniques, you can ensure that even in today’s market you can make money and establish yourself as an investor that can routinely pull victory from the jaws of defeat.

About the Author

Charrissa Cawley has a long standing reputation for excellence as a gifted speaker, real estate trainer and wealth coach. Her strength lies in training entrepreneurs in the areas of real estate, investing and financial literacy. Her passion is bridging the gap between learning and doing. She has helped thousands of entrepreneurs all over the world seeking financial growth by equipping them with the tools, resources and specialized knowledge to succeed. Charrissa offers accurate and proven strategies to investors of all different levels and is the founder of http://www.reiconferences.com, one of the fastest growing real estate investment training organizations in the US in addition to http://www.rewexclub.com , the top rated Real Estate Investor Community on the web today.

$1 donation to learn Real Estate Investing

Posted in Education, Investing.


Real Estate Meets Web 2.0

If you’ve spent any time at all on the web, you know that old ideas are routinely recycled, dressed up, and then sold to an unsuspecting public as a brand new concept. Once in awhile something comes down the pike that is actually new and revolutionary.

The birth of Web 2,0 – especially when combined with real estate investing – is one of those rare moments in time when the new way truly has the potential to revolutionize an industry and gives you an opportunity to be on the cutting edge of technology and income opportunity. Here’s how you can capitalize on this opportunity and really turn a corner and lay the groundwork for a life-changing 2009.

First, the average newbie investor that hears about Web 2.0 thinks that by paying for a simple static website and getting their Email address into circulation qualifies as being on the cutting edge of technology. While it’s a decent start, these simplistic efforts are light-years behind the technological improvements that can move you up the investing food chain. These are just a few of the things you can do to change your results for the better by putting the power of Web 2.0 to work for you today:

• Multiple landing and squeeze pages – It’s all well and good that you have a website with a landing page that all your website’s visitors go to learn more about your business. It’s a great first step, but imagine how much more effective your efforts will be if you were able to direct all your website visitors to a page targeted to exactly what they’re looking for. Instead of sending potential buyers and sellers to the same landing page, you can send them to a page that addresses their concerns, can help you capture their contact information, and can pre-sell them on doing business with you. As if that weren’t enough, you can imbed audio and video testimonials on your pages, entertain your visitors, and build credibility by showing some creativity in the way you interact with people.

• Social Networking – Sites like MySpace, Youtube, and Twitter are great places for people with time on their hands to upload pictures and keep up with the goings-on of all their friends. Real estate investors with an eye on windfall profit potential can post information, links, videos, and other content that will interest potential buyers and sellers. You can develop new alliances with other investors or even attract potential sources for private money. The sky is literally the limit by utilizing the free tools available to you on social networking websites.

• Youtube videos – This is probably one of the best ways of putting the power of Web 2.0 to work for you in building your real estate investing business into a powerhouse of profitability. You may look at Youtube as an awesome way to waste time while avoiding real work – and it is. It’s also a tremendous way for you to generate visitors to your website. By posting informational videos on Youtube, you can convey useful information in a way that engages and entertains hundreds – or thousands – of people who otherwise might never know you even exist. The traffic you can generate and drive to your landing and squeeze pages can multiply your income by a factor of ten – if you play your cards right and post the kinds of interactive, entertaining videos that people will want to view.

• RSS Feeds – Really Simple Syndication can be more effective than any of these other techniques, because you can actually automatically let your people know when you post a new entry on your blog or a new video on your website. The content you post can demonstrate your knowledge, your usefulness, and highlight all the reasons potential clients have of doing business with you.

Web 2.0 is nothing short of a miraculous way for you to interest and engage the very people you want to do business with. Whether you’re connecting with potential buyers or sellers – or are trying to raise investing cash – the greatest prizes will be had by those investors willing to go the extra mile in reaching the very people that will help them reach their investing goals.

These are the sorts of real-world solutions that REI Conferences provides on a daily basis. The economy may be in a downward spiral right now, but you can build a future of cascading profits by thinking outside the box and doing something completely new and fresh. For even more ideas on how you can put the power of Web 2.0 to work for you today, navigate over to www.REIConferences.com.

About the Author

Charrissa Cawley has a long standing reputation for excellence as a gifted speaker, real estate trainer and wealth coach. She offers accurate and proven strategies to investors of all different levels and is the founder of www.reiconferences.com, one of the fastest growing real estate investment training organizations in the US in addition to www.rewexclub.com, the top rated Real Estate Investor Community on the web today.

Learn To Invest With Foreclosures – Sign Up Today

Posted in Education, People.


What are the credit implications of foreclosure and for how long?

Foreclosure
Annie P asked:


We live in Hawaii and our mortgage has become unmanageable. We just found out our house is worth 64k less than we owe. We have good credit though are overextended because of mortgage. No defaults and one 30 day late pay. We want to sell but do not have the credit left to get a 64k loan to pay off the rest of the loan. We desperately do not want to go into foreclosure. Any options anyone is aware of?

Learn To Invest With Foreclosures

Posted in Renting & Real Estate.

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If I lose my home to foreclosure, will I have to pay taxes?

Foreclosure
J William asked:


I purchased my home in April of 2006 for $675,000, no money down. It is now worth roughly $525,000 and I am facing foreclosure. I have not re-financed and my understanding is that I have a non-recourse loan. Will I owe the IRS taxes when my property is foreclosed on?

Foreclosure Training – Retire Young

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How does shorting on a foreclosure work?

Foreclosure
Christopher B asked:


Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.

$1 donation to learn Real Estate Investing!

Posted in Renting & Real Estate.

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How does one get an apartment after a foreclosure?

Foreclosure
LoveMyKids! asked:


My friend is letting her house go to foreclosure & will need to rent an apartment. She is currently only 30 days delinquent. How do apartment management companies view foreclosures? Should she apply for an apartment now, knowing that she will not move in for a couple of months?

*** Please note that I am not looking for advice on how to keep the home or to get her out of the foreclosure. All options have been considered. Please give advice on how to proceed to obtaining her next housing. Thanks!

Learn To Invest In Foreclosures

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If I let the bank repo my car, can they take me to court or will it just effect my credit?

Bank REPO
kbear asked:


If I let the repo man come and take my car, can the bank then come after me LEGALLY (as in court, JAIL) for the difference for fees and the difference of what they got at auction and so forth? I know it will effect my credit and I will get harrassing calls and such, but I want to know if they can sue my butt and if I don’t pay up, I go to jail?

Learn To Invest With Foreclosures

Posted in Law & Ethics.

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How can you remove a foreclosure from your credit?

Foreclosure
Jos asked:


Can a foreclosure be removed from your credit after a year? How long does this stay on your credit report?

Learn To Invest In Foreclosures

Posted in Credit.

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How can a person repair their life after foreclosure?

Foreclosure
jazzyt asked:


Good friends of mine went into foreclosure do to the housing market in Central Valley California. They were not able to get their home refinanced because the home had loss value, due to this they were forced to go into foreclosure. Can they ever get back on track after going through this?

Foreclosure Training – Retire Young

Posted in Renting & Real Estate.

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I am looking to buy a foreclosure. Where can I get a good report on the property?

Foreclosure
Wulverene asked:


I have been checking out some of the foreclosure websites to find a property. However, they give me limited information on the actual property. Where can I get a more detailed report?

Learn To Invest In Foreclosures

Posted in Renting & Real Estate.

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