If you missed 60 Minutes Sunday night check out the news about the next wave of foreclosures.
2008 Contest Is Almost Over... Finalist Videos
December 15th, 2008 | posted by dgadminThe 2008 "Send Me Away Dean" contest is almost over! If you're still planning on entering we need your video right away!
For those who may want to enter next year, or if you just want to see some truly inspiring videos, tips and first hand accounts from your fellow members here at deangraziosi.com, we welcome you to review the entries, vote and leave your comments.
Deal of the Month #8 - Ugly House Pretty Profits!
December 15th, 2008 | posted by dgadminThis is the house that everybody passed up. It was in foresclosure and nobody snapped it up because it was so ugly, and in such terrible shape. That's too bad for everyone who missed out, but very good for me. By the time I found it, the foreclosure process had already been completed. This was sad in a way, because I couldn't deal with the owner. If I would have found the house sooner, I would have been able to help the owner prevent the foreclosure from going on their credit. (Just as I teach using the techniques in my AFF program, (www.automatedforeclosurefinder.com).
However, by the tme I found it, the bank owned it, (REO). Now here's the kicker...I paid $60K for this "ugly duckling" put $30,000 into it to make it pretty - AND put $100,000 cash in my pocket. Oh, and I didn't sell it to do that! So, how did I do it? You'll have to watch the video and find out...
See the other Deal of the Month Videos and more Real Estate Investing Videos at DeansMedia.com
Effective Networking
December 14th, 2008 | posted by Build_assetsI know many of us get caught up in our day-to-day lives and forget to make time for our friends, family or co-workers. When we make time to meet regularly with real people, we get to hear about all sorts of perspectives about life, business and personal relationships.
This is important for 3 reasons:
New Deal - Renewed Faith in REI
December 8th, 2008 | posted by lovebargains in
Nine months ago, I “threatened” to sell my rentals at auction and quit the business after a challenging tenant. But then I did what I normally do when I get discouraged being a landlord (have a glass of wine, lol). I got online and looked at how much equity my tenants have built for me. So, I cleaned up their filth, ran my ads and rented it two and 1/2 months later (it was the first time I ever lost a month of rent but the stink from the unapproved additional three animals was hard to cover up. Potential landlords..don’t get discouraged.
When NOT to Make an Offer
December 5th, 2008 | posted by cactusbobA Horrible Example
The picture in the listing sheet showed an unkempt lawn, but the front of the house looked quite normal except for a corner of the roof that appeared to have been sawed off. It had 3 bedrooms and 1 bath, with a double attached garage and a basement. The asking price was $84,900. The buildings in the immediate vicinity, mostly houses, looked only so-so, not a good sign.
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