Blogs - Real Estate Investor's Forum

Major Lenders Suspend Foreclosure Actions During Holidays

Last week Fannie Mae, Freddie Mac, and Citigroup reported that they were all suspending foreclosure actions during the holidays. And as expected, other major lenders have followed suit, including… Continue

Added by Jennifer Griner on December 21, 2009 at 4:19pm — No Comments

10.19.09 - CT Real Estate Investors Association monthly meeting with J.T. Foxx - Cromwell, CT

CT REIA Monthly Meeting - J.T. Foxx October 19th, 2009 5:30pm-9:00pm Crowne Plaza Hotel 100 Berlin Road. Cromwell, CT How to Partner, Brand, Network and Market your Way to Millions when Banks are NOT Lending Guest Speaker: J.T. Foxx (Entrepreneur, Teacher & Internationally Syndicated Radio Personality) ________________________________________________________________ Attend this meeting for your chance to Win A Laptop! - Get one raffle ticket just for showing up, 1 more for printing ou… Continue

Added by CT Real Estate Investor Asscn. on October 19, 2009 at 1:05pm — No Comments

6 Steps - How to Buy a Home with No Down Payment and No Credit

As a result of the housing market bubble “bursting,” lending guidelines have tightened and the mortgage lenders’ requirement of a down payment for the purchase of a new home has put the dream of owning a home out of many prospective buyers out of reach. Can you still ow… Continue

Added by Jennifer Griner on September 15, 2009 at 4:28pm — No Comments

My problem property gets a tenant... finally.

I have this rental property that's been a thorn in my side pretty much sine the day we first acquired it. I bought it late last fall with my then partner, intending it to be our first minor rehab and then to rent it out after the fix up. We got seller financing and used a credit line for the simple rehab materials, and decided to do all the fix-up ourselves. Ideally we were hoping we'd be able to lease-option it to a first time lower-income buyer and give that person the chance to become a home… Continue

Added by Melody Scott on July 12, 2009 at 3:31pm — No Comments

So what is my real estate investment strategy anyway?

Many people lately have been asking me what my real estate investment focus is. I can understand why, since right now I don't have a lot of details on what I'm working on in my blog. That's because its a whole bunch of NOTHIN' at the moment. I'm working on changing that, new marketing materials have been ordered and some new ideas will soon be implemented. So much happened in the first half of this year that was totally unexpected and really threw me off track, and made me reevaluate and have to… Continue

Added by Melody Scott on July 9, 2009 at 2:18pm — No Comments

Not a "sales person," I like "word spreader" instead!

I am not a sales person. Not truly. It doesn't really jive with my personality. Which is funny because so much of what I do is sales, in more than one aspect of my life. Even though I kind of detest sales in many ways (shhh, don't tell my ex-boss!), I also can find it quite pleasurable in many others when I actually believe in what I have in hand. Today I talked at length with several people about Local Real Estate Deals Media company. I believe so fully in the company and what we are doing tha… Continue

Added by Melody Scott on July 7, 2009 at 5:01pm — No Comments

Lowball Appraisals Spark Uproar

By Kenneth R. Harney Saturday, July 4, 2009 It's by far the hottest controversy in real estate this summer, and it could directly affect the value of your house -- probably negatively -- by tens of thousands of dollars. The issue involves lowballed appraisals and the new rules guiding appraisers in both price-depressed and rebounding markets. Consider these snapshots: In San Diego, Steve Doyle, division president for Brookfield Homes, is trying to close out the final 20 houses of a 120-unit sin… Continue

Added by Elaine on July 6, 2009 at 3:41pm — No Comments

Finding my marketing mo-jo

To be perfectly honest, I haven't done very much in the way of marketing since I started on my own with REstore Property Group a couple months ago (my former business partner and I spilt for those of you who didn't know). I've been contacting FSBOs, for rent signs and others that are already interested in selling. I've posted some "buy your house" ads on Craigslist since its there and so easy and free, but the leads off those ads are really no good from my experience. Aside from being busy, brok… Continue

Added by Melody Scott on July 6, 2009 at 10:30am — No Comments

Reasons to use professional painters

There are alot of investors who try to do all the work themselves. As they become successful, keeping properties in sellable or rentable condition becomes time consuming. A professional painting company that specializes in rental properties can add the following time and money benefits. 1) Cost savings - A contactor gets a good discount on paint which at least I pass on to the customer. Other ideas that bring cost down is using the same off white color on walls, ceilings, trim and doors. That m… Continue

Added by Kevin Jacks on July 5, 2009 at 12:41am — No Comments

Are you working on your financial Independence Day too?

Back in January I set a few broad goals for the year. Not too specific since I'm still feeling my way through this business and wanted flexibility to change things as needed. My two main goals were to quit my job and buy a multifamily building of 4 or more units. Hooray for achieving goal #1! Not exactly the way I had planned it, but still, I've been blissfully free to do my own thing for over a month now. As for goal number two... well, for it already being July and I've made nearly zero progre… Continue

Added by Melody Scott on July 3, 2009 at 4:09pm — No Comments

Time for some focus and maybe some guidance

I've been thinking a lot about my poor time management and how I'm going to overcome this insanely large hurdle on my own. I loved all the comments I received after my previous post, "So Apparently I Suck at Time Management." It would seem I'm not the only one! Yes, we all obviously get the same 24 hours each and every day, and its heartening to know that many of us still have not figured out exactly how to make the most of them. I realize that first and foremost I must learn to focus better. W… Continue

Added by Melody Scott on June 29, 2009 at 2:16pm — 1 Comment

An Affiliate Program Fence-Rider

I can't decide how I feel about affiliate-type programs. They seem to be the current fad in all real estate type marketing right now, and some of it is really making me angry. One guy's "Make Millions" system in particular has been offered to me via email, Facebook, and Twitter so many times by so many DIFFERENT people that I've about had it with all of them and am close to disconnecting myself from ever last one of them. Anyone want to wager a guess about whether or not I'll buy this training s… Continue

Added by Melody Scott on June 28, 2009 at 3:33pm — No Comments

So apparently I suck at time management.

Man, when I had a J-O-B I thought to myself, "all I need is to get rid of this horrible time-wasting job and I'll have all the time I need to finally get things done!" Nearly one month after fulfilling that dream, I still have no time. There's just never enough. I seriously don't know how I gained 9 more hours in my day and yet still accomplish so little! I started out with a plan. Really, I did. Sounded like a good plan on paper. I would spend my early mornings doing emails, then get out of t… Continue

Added by Melody Scott on June 26, 2009 at 5:05pm — No Comments

Reality Check: When visiting run-down houses, we may be visiting our future.

I just got back from what seemed like a very long trip to visit my extended family in Syracuse, NY. My grandfather, the only person I'll probably ever personally know whose intellect rivaled Einstein, is very ill and not much longer for this Earth. It is sad to see this once vibrant man, who still rode his bike to the local library up until last year, now wasting away in a hospital style bed, unable to get up and sometimes unaware of where he is. He has lived a long and prosperous 93 years, thou… Continue

Added by Melody Scott on June 24, 2009 at 4:00pm — No Comments

Private Investors: Show me the money and I'll show you a sound investment.

I have to admit, when it comes to real estate investing I am consistently putting the cart before the horse. I will chase leads, talk to sellers, and look at properties all day long, but when it comes to talking to people about private lending and finding the money to do the deals, I never seem to get around to it at the right times. Talking to people about money is just plain boring to me, while looking at houses is super exciting. I can't tell you how many deals I've lost simply because I did… Continue

Added by Melody Scott on June 14, 2009 at 8:30pm — No Comments

Looking for a Money Investor for an Abandoned Real Estate Project in Queens, New York

Greetings, I am looking for a money Investor to provide funding for an Abandoned Real Estate Project in Queens, New York. I prefer someone with a knowledge of New York City Real Estate (preferably Queens) to help fish out and bring out the owners of these properties to get them to sell the property to my Company at which point, we will then offer it as an affordable 1 or 2 Family Homes to people in most need of it and will appreciate having it. It will accomplish two things: 1. It will provide… Continue

Added by Jeff P on June 7, 2009 at 2:57pm — No Comments

Lets whine about how life gets in the way...

As part of our evolution at Local Real Estate Deals Magazine, we will soon have a columnist (and good friend of mine!) writing about the perspective of women real estate investors. Lets face it, men in this industry far outnumber the women, so there are certainly some differences and stories behind those of us in that minority! Being a member of this minority and talking to my friend about the column got me to thinking about my own experiences as a woman real estate investor. After some careful… Continue

Added by Melody Scott on June 5, 2009 at 9:30pm — No Comments

The Quest for the Elusive Multi-Family property

I'm on a quest. Not the dragon-slaying type, but so far equally as mythic and frought with difficulties. I made it my goal at the beginning of the year to purchase a multifamily property, and I'm not talking duplex. I have bigger things in mind. Problem is, it is now June and I have realized I have wasted half the year on other things that have not realted to that goal. Properties that won't rent, partnership that needs dissolving, job that took too much of my time for not enough reward, kids… Continue

Added by Melody Scott on June 4, 2009 at 3:00pm — No Comments

See more Investor In Limbo posts at Blogger

I'm not up to importing all my previous posts, so if you'd like to read more please check out my bolg on Blogger at http://investorinlimbo.blogspot.com Thanks everyone! Continue

Added by Melody Scott on June 2, 2009 at 5:00pm — No Comments

Investors Wanted...Local Property Wholesaler Selling Homes At Huge Discounts!

Hello all, I am Looking for some investors who are looking to buy some great investments in this beautiful market we are in. If you interested in being on m y buyers list please: Reply with Name, Phone Number, and Email Address to be added to our investor list. Thank you, Josiah Ford Continue

Added by Josiah on May 31, 2009 at 2:43pm — 2 Comments

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