Getting the BPO to Come In Low...

I have seen numerous questions on how to get the BPO to come in lower than FMV. There really is no one way, but here are some things that can help.

Always have one of your team meet with the BPO agent. Strike up a conversation and see if you can befriend them. The agent's job is to bring in a BPO to the lender, so you have to try and get them on your side. You should never do anything unethical, but if the...

Bank of America Hires New Short Sale and REO Executive

Courtesy of The Financial, here is some potentially positive news coming out of Bank of America: a new Short Sale executive has been hired!

The...

Money Available for Projects

We have a private money lender for all your projects needs.

Contact Howard with a little more information about your project and funding needs.

Anti-flipping rules waived by FHA while trying to give a Flip to Sales

FHA has made use of one stone to hit three birds. It has waiv...

HUD Opens the Foreclosure Flood Gates

No More 90 Day Seasoning

On today's special edition of Wha'ts News we discuss the new HUD temporary lift on 90 day seasoning to finance homes. This is going to be big for real estate investors who buy foreclosed homes and then want to fix and sell them quickly.&nb...

Latest Info on Fannie Mae

Special Offers From Fannie Mae - Your closing costs and appliances paid for!

Luxury Real Estate Branding: Your Unobvious Promise of Value

As a luxury real estate marketing professional, are you having an identity crisis? Are you struggling to articulate your own unique promise of value? If so you are not alone. The internet has shaken the very foundation of other service industries, such...

What a Newbie Investor Should Do

A newbie investor approached me, "Trace, I want to succeed in real estate investing. What should I do?

Instead of telling him to go out and buy all the books he can find about real estate investing, I told him to network with as many investors as possible. I told him the money in real estate investing is made from relationships. Yes, you can make money from one time deals but the...

Why Rent Payment Technologies are Broken and Expensive

Why Rent Payment Technologies are Broken and expensive
- AND HOW TO FIX THEM

This is a really exciting topic! While more than 80% of car loans and mortgages are paid electronically, and over 50% of Americans regularly shop online, less than 5% of rents are collected electronically. Adoption rates have grown ~100% annually since about 2001. Both VISA and American Express have divisions tasked with figuring out rent coll...

The Wholesalers Deal Machine

Just wanted to drop a quick note on how the business of a wholesaler works. There is one key word here...VOLUME...
The reason I decided to write this is because I just got off the phone with a seller on a deal that I am working on in a virtual market. Drop me a comment if you want to know more about what Virtual Investing is.
The short story is that I have a buyer who is ready to go at 45K. I offered the seller 30K because it is...

Economic Updates

Last Week in the News
The Institute for Supply Management reported that the monthly index of manufacturing activity...

Everyone is Your Private Investor

What?!

Hypocrisy!

It might sound that way since I often talk about how important it is to property target and then market to private money investors when raising capital for real estate investments. No, I haven't gone off my rocker (at least not yet).

So, what do I mean 'everyb...

..........and that's no monkey business!
It has definitely been one of those daze (at least, yesterday was).

The computer crashed, seemingly beyond repair, and so I had to go and buy one. Youch! Not an easily absorbed expense right now but can anyone out there imagine trying to run a business like ours without a working computer?

Sooooo...........

let me tell y'all a little story about........a boy and his dog............... actually, this story is ab...

Going Interactive
Sure I like to hear myself speak. Sure I like to read my own recent blog posts every time I sign in. Sure I like to fantasize about being the 4th pitcher in the Dodger's regular season rotation at least twice a day. But who doesn't like these things dammit?!

The point is that while it's nice to have a creative outlet, this blog wasn't started to only preach about what's on my mind, and it definitely wasn't started with the intention...

Why is Title Insurance So Important?
When people are looking to purchase a home they think about the style of a house, the price, and the location of the house. Normally you never here them say anything about Title Insurance. When I bring up Title Insurance a look comes across their face like “what are you talking about”. What is Title Insurance? I explain to them that its basically a guarantee that they wont have financial or legal problems with the property as a res...

BiggerPockets.com - Latest Blog Posts

Getting the BPO to Come In Low...

Bank of America Hires New Short Sale and REO Executive

Money Available for Projects

Anti-flipping rules waived by FHA while trying to give a Flip to Sales

HUD Opens the Foreclosure Flood Gates

Latest Info on Fannie Mae

Luxury Real Estate Branding: Your Unobvious Promise of Value

What a Newbie Investor Should Do

Why Rent Payment Technologies are Broken and Expensive

The Wholesalers Deal Machine

Economic Updates

Everyone is Your Private Investor

..........and that's no monkey business!

Going Interactive

Why is Title Insurance So Important?