Posts Tagged ‘Money Maker’
Bulk REO: The Recession Money Maker
With current legislation making the real estate market nightmare, the hope and dreams of many real estate entrepreneurs seem almost dashed. Once again, the big guys got the bailouts and the little guys were left out in cold. But there is a way out. There is one sure way to reincarnate the real estate money maker. There is a way for everyone to get their money and keep it too. It is called Bulk REO.
REO, “real estate owned properties” refers to assets a bank or lender owns after foreclosing on a property. Bulk REO is a group of REOs that a bank or lender groups together for sale. The wonderful thing about Bulk REO’s is that they are usually sold for a small fraction of the real value. To recover some money banks often auction them off in a bulk at steeply discounted prices. Needless to say, Bulk REO offers real estate investors an excellent chance to regroup and get back to the horse.
Bulk REO are below MLS, BPO, cheaper than private sellers, auctions and are a fraction of any approved short sale price. And the little known fact is that they are accessible to everyone and anyone-even without cash or credit.
How? Simple! Bulk REO investing is based on the relationships with key Bulk REO market players. You end is to act as broker to the buyer or the seller and charge a fee.
Yes, you can represent them at the same time.
See what I mean?
Banks do not want bulk REO’s nor do they want their associated costs, taxes, maintenance, insurance and utilities and investors get them at substandard prices. Banks want money not the bills. They have no financial gain by having properties on the books. Real estate invertors want the properties to get money by giving other people bills. And at the fraction of the cost, it is a sweet deal. Everyone wins.
Despite how sweet bulk REO may seem, some caution is advised.
To avoid loopholes, sinkholes and investing too much too soon, Bulk REO investment requires training. Training offers easy, concrete and solid strategies on maximizing investments and avoiding risk. Like in any business, the secret of how to go about it is limited to the lucky few who have either figured it out on their own and those who have actually decided to go trough with the training.
What Bulk REO training teaches you is how to increase the profit from $15 000 to five to ten times of that per sale. It teaches how to close a deal fast. It teaches you that anyone can do it. It teaches you that do not need to be a middle man. And as the learning curve builds up on acquired skills to provide you with a one way ticket to what is dear and near to all our hearts- money.
Bulk REO bulk reo is a great opportunity to make money and join the ranks of recession millionaires. The catch is tread carefully, get training, make good picks, go slow and investing can turn a sometimes profit into a great profit.
By Mark Bradley
Ultimate Bulk REO Secrets
Get your copy of my The Limited Edition Insider Special Report On The Booming REO Market.
$99 Value 49 Pages FREE Download Bulk REO training
http://ultimatebulkreo.com/bulk-reo-i nsider-report/
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YOU WILL NEVER GET RICH WORKING FOR SOMEONE ELSE!
Pretty fair, harsh statement, but it is the truth. If you are working for someone else, no matter how great the work is, you will always be at the mercy of that employer. A lot of you are or have already found this out with the massive layoffs going on. Look I hate money. I believe money is the root of all evil, but without money life is pretty tuff. I wish that everyone could live in harmony working their trait and then spend the rest of the day pursuing what they love. This is a fantasy world right. It doesn t have to be, but this kind of life takes work itself.
Think about how much of your life has been about money. All through high school and college everyone but my parents told me to become a money maker. To study for a job that would make good money, not study for what I was interested in. How much of your life because of your job has been spent away from your family, moving to places you would never live, traveling, and dealing with greedy corrupt people? Do you really plan on working a job like this for another 5, 10, 30 years?
The world needs workers to help the rich get richer.
This is also harsh, but another statement you need to hear. Working people make rich people richer. I have met a lot of people in my life. One thing I can tell you is that wealthy people are not geniuses or prodigies. There are a few out there, but most wealthy people put one pant s leg on at a time, like my father says. They are people that are no smarter than you, they just have more knowledge in how to make money, they came from wealth, or they caught some lucky breaks.
It takes money to make money!
This is also the truth. This is what separates you from being wealthy. If you had money to toss away, you could try all kinds of online working at home programs. You could trade stocks all day until you found that penny stock that went to a dollar. It is extremely hard to spend money you don t have on dreams and there lies the problem.
Now I don t want to upset any of you, but I want you to open your eyes. Working at home is not a dream. A dream is working a job and getting by thinking one day you will have enough money in your 401k to retire. To understand what I am talking about let s get into inflation.
What cost $1 in 2000 would cost $1.24 in 2009. This is crazy but you need to start thinking about this. When I was a little younger I always heard if I had a million dollars I could retire. That is still true in most parts of the world, but it would be really difficult in the U.S. Let s get back to more inflation.
$1,000,000 in 1983 had the same buying power as $2,147,148.59 today 2009.
That is 26 years. Generally in order to even get close the 1 million mark in your 401k you would have to work and contribute for 25-30 years. Some of you might be thinking that the interest off your 401k would grow big time in these years. Well, how many stock market crashes have we seen in the last 26 years? How many people lost to 2/3 of their 401K in this last year? How much will 1 million dollars depreciate in the next 10, 20, 30 years? All I am asking is for you to do the math, and be realistic with yourself and family. Take a look and play around with the numbers yourself here.
When I do the math I see the majority of the U.S. and the World making under $100,000 a year. I see people never being able to really retire and live free like they dreamed. I see people not being able to put near the amount needed in their 401k to reach 1 million before and I see people not wanting to put any amount in their 401k now. I see people living paycheck to paycheck everyday. I see people not able to last 6 months without revenue coming in.
Am I saying all this to upset you? No! Most people live in a fantasy world. They don t like to think about the future and if they do think about it, they lie to themselves about what they will be able to do in their golden years. You know what I am saying is true; you just don t want to give up that lie. For most of you this lie is the only thing that gets you through each day.
Let s look at some facts. The internet is growing, and will continue to have huge growth for the next 30 years and more. This is the opportunity of a life time. I always heard stories of how my great grandfather was able to work for a guy and in return the guy paid him in land. How my grandfather could go into the local bank and ask for huge money to buy a piece of land, cattle, or for a business venture. In those days you could take risk with your bank right behind you funding your every step. Today you have to have collateral, impossible credit score, business plan, operational business showing profit 5 years, your right arm cut off, and the deed to everything you own.
Look 90% of the millionaires in the world are small business owners. With it impossible to get a loan for a business, the internet is the place to be. This is a frontier that cost very little money to get into and is very forgiving. Example: you do manage to come up with 20% down for a Small Business Loan and you start your business. For most of us, this is everything and if it fails, that s it. You tried and you failed. Research how many business fail each year. Now think about the internet. Even if you spend $2000 on your working at home business and it fails, you can recover and trust me you will have failures. You will still be able to try again, because this possible failure won t ruin you. Most successful people failed many, many times before making it big.
Now I am not saying don t save money, but think about the odds. I will take the odds of succeeding with a working at home business after trying for 26 years any day before putting in a 401k for 26 years. If you only tried 1 working at home business a year that is 26 chances of being financially independent and living the life you always dreamed of versus hoping you don t get laid off more than 3 times, hoping you 401k gains always, and hoping inflation stops.
Working at home is broken down into many things like home business, websites, actually doing a work at home or freelance jobs and so on. I never really focus on getting paid at home per hour or per job when it comes to working from home because it is the same as having a dead end job. If you re going to do this, why not go the whole way and start a home business where you are in charge and you control what you make.
This is not a get rich quick game. For those of you out there looking for that knock out punch or over night program, you are living in a fantasy world. It will take work to work at home and be successful, but this is a realistic goal. If I came to you and told you there was gold in that mountain, but you would have to dig 10 or 100 feet for it, would you? The internet is that gold, but you have to work for it. Along the road you will learn how to mine, better ways to dig, easier ways to dig, and when you finally get to that gold you will have knowledge and money that will change you life.