Comments on: “I Told You So” — In Advance http://realestate.bryanellis.com/31/i-told-you-so-in-advance/ Unbiased Real Estate Intelligence For Affluent Investors Wed, 18 Jan 2012 15:39:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: paul http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-2632 paul Sun, 12 Oct 2008 06:36:13 +0000 http://www.freerealestatetraining.com/?p=31#comment-2632 Well.....yes the market is slow,and money is tight....especially if you go with conventional financing...but it's always been that way dealing with banks....jump through hoops.....tied up in red tape...even in the best of market conditions.And let me say something briefly about these short sales.So many investors are being tripped up in this process,because they know only one way to go.They are so concerned with getting the "property"...well the property is not the issue.I'm going to let the proverbial cat out the bag...in a short sale..I don't want the property...I deal with getting the "note",the right to collect the "back notes" from the bank,because if I can get the bank to sell me the "paper"..then I BECOME THE BANK,then you go back to the owner in default.....get the deed,you see you have to reverse the process..."escrow" the deed with the title company,line you up an end-buyer for the property,go to closing....buy the note from the bank.....take the deed out of escrow....record it at the title company...NOW...YOU SELL THE HOUSE TO THE END BUYER BECAUSE THEY FUNDED YOUR DEAL TO BUY THE NOTE.....AND YOU MAKE THE DIFFERENCE.REMEMBER....WHEN YOU BUY THE NOTE...THE DEED IS YOURS!!!!NO SUBJECT 2 NONSENSE,LESS TIME,LESS HASSLE...YOU WORK SMART,NOT HARD!!! Well…..yes the market is slow,and money is tight….especially if you go with conventional financing…but it’s always been that way dealing with banks….jump through hoops…..tied up in red tape…even in the best of market conditions.And let me say something briefly about these short sales.So many investors are being tripped up in this process,because they know only one way to go.They are so concerned with getting the “property”…well the property is not the issue.I’m going to let the proverbial cat out the bag…in a short sale..I don’t want the property…I deal with getting the “note”,the right to collect the “back notes” from the bank,because if I can get the bank to sell me the “paper”..then I BECOME THE BANK,then you go back to the owner in default…..get the deed,you see you have to reverse the process…”escrow” the deed with the title company,line you up an end-buyer for the property,go to closing….buy the note from the bank…..take the deed out of escrow….record it at the title company…NOW…YOU SELL THE HOUSE TO THE END BUYER BECAUSE THEY FUNDED YOUR DEAL TO BUY THE NOTE…..AND YOU MAKE THE DIFFERENCE.REMEMBER….WHEN YOU BUY THE NOTE…THE DEED IS YOURS!!!!NO SUBJECT 2 NONSENSE,LESS TIME,LESS HASSLE…YOU WORK SMART,NOT HARD!!!

]]> By: Chris http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-941 Chris Tue, 15 Jul 2008 12:02:02 +0000 http://www.freerealestatetraining.com/?p=31#comment-941 I am in the Mortgage Industry and what our experts are telling us is it could be a year or more before the forclosures level out.. So what! No matter what the economy is like, no matter if people are finding it hard to get a mortage there is hugh opportunity out there.. If it takes 3-6 months or if it takes 3-6 years one this is for sure. I will be buying everything I can as creativly as I can.. I also agree we as investors need to help our communities out. Get involved in local goverment, local homeowners associations etc. Be part of the solution not the problem. See you in the 7 figure range in 5 years. My your mind fill with knowledge..Have a great year. I am in the Mortgage Industry and what our experts are telling us is it could be a year or more before the forclosures level out.. So what! No matter what the economy is like, no matter if people are finding it hard to get a mortage there is hugh opportunity out there.. If it takes 3-6 months or if it takes 3-6 years one this is for sure. I will be buying everything I can as creativly as I can..

I also agree we as investors need to help our communities out. Get involved in local goverment, local homeowners associations etc. Be part of the solution not the problem.

See you in the 7 figure range in 5 years.

My your mind fill with knowledge..Have a great year.

]]> By: Eric http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-755 Eric Mon, 07 Jul 2008 13:43:30 +0000 http://www.freerealestatetraining.com/?p=31#comment-755 Here in Oregon we have declining markets, but most suburbs have only seen a 10% downward shift. Here things appear to be flattening out already with modest gains expected over the next three years. Also, as a mortgage broker, I will tell you that yes, financing rules have tightened up, but loans are still everywhere to be had for the majority of our clients. It takes a little more effort and resourcefulness, but great loans with down payment assistance and closing cost assistance are still plentiful. Another good indicator for some areas is the fact that investors are now in the mix. When the true investors are buying (not inexperienced flippers) you know that the bottom has arrived. Here in Oregon we have declining markets, but most suburbs have only seen a 10% downward shift. Here things appear to be flattening out already with modest gains expected over the next three years. Also, as a mortgage broker, I will tell you that yes, financing rules have tightened up, but loans are still everywhere to be had for the majority of our clients. It takes a little more effort and resourcefulness, but great loans with down payment assistance and closing cost assistance are still plentiful. Another good indicator for some areas is the fact that investors are now in the mix. When the true investors are buying (not inexperienced flippers) you know that the bottom has arrived.

]]> By: Tom http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-729 Tom Sat, 05 Jul 2008 15:02:15 +0000 http://www.freerealestatetraining.com/?p=31#comment-729 well one thing for sure the stock market is probing and testing the bottom here. One+ year long correction. Once the Election uncertainty clears look out above. The pessimism is so thick you can cut it with a knife. well one thing for sure the stock market is probing and testing the bottom here. One+ year long correction. Once the Election uncertainty clears look out above.

The pessimism is so thick you can cut it with a knife.

]]> By: Matt http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-414 Matt Thu, 26 Jun 2008 00:30:03 +0000 http://www.freerealestatetraining.com/?p=31#comment-414 The best part about all of this is that the opportunities to buy and the ways to buy are abundant in and of themselves. Bottoms out? Not quite yet...OVERALL. But it will begin to at least slow down; might still get worse here and there, but level out...then hold there, and then finally begin these small, painful, upticks. Who knows though...3-6 months the world could end ;) The best part about all of this is that the opportunities to buy and the ways to buy are abundant in and of themselves.

Bottoms out? Not quite yet…OVERALL. But it will begin to at least slow down; might still get worse here and there, but level out…then hold there, and then finally begin these small, painful, upticks.

Who knows though…3-6 months the world could end ;)

]]> By: Dalene http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-382 Dalene Wed, 25 Jun 2008 15:22:58 +0000 http://www.freerealestatetraining.com/?p=31#comment-382 I know that ARMS will affect home owners for 5-7 years. Now, whether the government steps in and renews mortgages with different terms, that is always a possibility and if and when this happens we as investors will adjust. I think we are all at an advantage in understanding ROI and how to invest our time and money properly. As a country, our citizens are under a "now" economy. "What does it cost me right now?" While this is great for us, as we can create terms for any buyer, it is wrong for a sustainable growing economy. I would like to think investors will help to rescue the failing economy and take it upon themselves to educate and readjust their sellers / buyers, debt / credit mindset if they can. I know I do. I would like to think that my contribution will encourage an upswing in the economy and that I will be able to create new homeowner / investors able to sweep up their own communities so to speak by investing in homes themselves. As far as shortsales go, I don't blame you. I don't touch them myself. My full time team does. Their average is 45-60 days at an average of $0.64 cents on the dollar (sometimes less) and if you like, we'll do them for you and return them to you for your own investors. I know I prefer them to REO's now. This isn't an "ad" I just hate to see people give up on a great opportunity like shortsales. We also have a buyer's list of up to 200 / month sometimes. Whatever you do, give back! Your community needs you right now! I know that ARMS will affect home owners for 5-7 years. Now, whether the government steps in and renews mortgages with different terms, that is always a possibility and if and when this happens we as investors will adjust. I think we are all at an advantage in understanding ROI and how to invest our time and money properly. As a country, our citizens are under a “now” economy. “What does it cost me right now?” While this is great for us, as we can create terms for any buyer, it is wrong for a sustainable growing economy. I would like to think investors will help to rescue the failing economy and take it upon themselves to educate and readjust their sellers / buyers, debt / credit mindset if they can. I know I do. I would like to think that my contribution will encourage an upswing in the economy and that I will be able to create new homeowner / investors able to sweep up their own communities so to speak by investing in homes themselves.

As far as shortsales go, I don’t blame you. I don’t touch them myself. My full time team does. Their average is 45-60 days at an average of $0.64 cents on the dollar (sometimes less) and if you like, we’ll do them for you and return them to you for your own investors. I know I prefer them to REO’s now. This isn’t an “ad” I just hate to see people give up on a great opportunity like shortsales. We also have a buyer’s list of up to 200 / month sometimes.

Whatever you do, give back! Your community needs you right now!

]]> By: Al in Wisconsin http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-369 Al in Wisconsin Wed, 25 Jun 2008 13:44:20 +0000 http://www.freerealestatetraining.com/?p=31#comment-369 Last night there was a piece on TV showing the cost of a shipping container from China to the US has increased 400%. They named four companies that had shut down their operations there and have hired thousands in the US while transfering their manufacturing operations back to the US. The bottom is comming!! I gotta get some houses now! Last night there was a piece on TV showing the cost of a shipping container from China to the US has increased 400%. They named four companies that had shut down their operations there and have hired thousands in the US while transfering their manufacturing operations back to the US.
The bottom is comming!! I gotta get some houses now!

]]> By: Scott http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-359 Scott Wed, 25 Jun 2008 03:28:03 +0000 http://www.freerealestatetraining.com/?p=31#comment-359 I agree Bryan. I think you'll start to see a turnaround somewhere around 2nd Quarter next year in both the RE markets as well as the economy in general. There are just too many bargains out there and people can't resist that for long. Don't you hear the buzz already? A lot of people I have conversations with are saying they want to buy some rental properties to hold until the market rebounds so they can unload them for a nice profit. I'm personally adding these people to my buyer's list! All this buzz will eventually create momentum and possibly even a buying frenzy when the bottom really hits. When it turns, it's going to turn fast! I agree Bryan. I think you’ll start to see a turnaround somewhere around 2nd Quarter next year in both the RE markets as well as the economy in general. There are just too many bargains out there and people can’t resist that for long. Don’t you hear the buzz already? A lot of people I have conversations with are saying they want to buy some rental properties to hold until the market rebounds so they can unload them for a nice profit. I’m personally adding these people to my buyer’s list! All this buzz will eventually create momentum and possibly even a buying frenzy when the bottom really hits. When it turns, it’s going to turn fast!

]]> By: lincoln ong http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-316 lincoln ong Mon, 23 Jun 2008 18:54:15 +0000 http://www.freerealestatetraining.com/?p=31#comment-316 i hope YOU are right... i hope YOU are right…

]]> By: Kellie http://realestate.bryanellis.com/31/i-told-you-so-in-advance/#comment-308 Kellie Mon, 23 Jun 2008 12:23:10 +0000 http://www.freerealestatetraining.com/?p=31#comment-308 If thoughts lead to feelings, and feelings lead to action and action to results, then here is what America is saying. The thought of a recession makes our culture feel that dooms day is approaching. This will lead to a paralyzing fear which will result in great loss. Bryan is setting a new course and I'm on board. If we talk more about the positive markets still happening in our country then perhaps our focus would shift. If you want peace, then stop thinking about war. It makes sense to me! Sam, I use to do short sales and I too found them time consuming. With that said, if I had the right people in the right positions taking action, my results would have been much different and I might still be doing them today. I do agree about the REO's, but the banks still need to drop their prices if we're going to get really good deals. Enjoy and focus on your successes! Kellie If thoughts lead to feelings, and feelings lead to action and action to results, then here is what America is saying. The thought of a recession makes our culture feel that dooms day is approaching. This will lead to a paralyzing fear which will result in great loss. Bryan is setting a new course and I’m on board. If we talk more about the positive markets still happening in our country then perhaps our focus would shift. If you want peace, then stop thinking about war. It makes sense to me!

Sam, I use to do short sales and I too found them time consuming. With that said, if I had the right people in the right positions taking action, my results would have been much different and I might still be doing them today. I do agree about the REO’s, but the banks still need to drop their prices if we’re going to get really good deals.

Enjoy and focus on your successes!
Kellie

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