Creating Wealth Through Real Estate

It is no secret that REO investing is one of the most viable strategies available to investors during these current market conditions. If I asked 10 investors how they were acquiring their REO properties, I would get 10 different answers, however, part of the answer would be the same (or very similar). The common response would be, "well, I make a lot of low ball offers and eventually get one accepted." I have stated several times that while this is certainly a way to go, I don't believe it is the most effective or efficient means to acquiring REO properties.

I have also stated many times that the best way to do so, is to get the properties under contract BEFORE the public knows about them. This eliminates your competition, eliminates the common place bidding wars in many areas of the country, and reduces the amount of paperwork and leg work for both the investor and their team members (specifically their agents). Let's face it, agents want to make the most money with the least amount of effort! Don't you!

REO investing is NOT a simple or easy process. It requires a multitude of abilities and knowledge, of course, experience never hurts either. Generating creative means to acquire these properties prior to public knowledge is one of the "real hidden secrets". Yes, I said secret, because if you don't know how, it is certainly a secret to YOU! I am by no means claiming to be the inventor or founder of these strategies, but I certainly know how to get them done which is how and why I am a successful REO investor.

A very valuable piece of information I can share with you is this: Relationships, relationships, relationships! We have all heard the similar statement about location, but the true key, as far as REO investing is concerned, is relationships. You must form these with REO brokers, and lots of them. A strong network of relationships in your corner is a true key to being successful in the REO investing business.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including REO rehab flips. Join his next "Make Me An Investor" program by going to www.nationwidepropertyinvestments,com/education and start your journey to creating wealth through real estate!

We are now under contract on our Granada Hills home! Listed on MLS Monday and agreed purchase contract just three days later! Not too shaby!

Buyer has 17 days of contingencies and then must close or lose the EMD (earnest money deposit). It was difficult, to say the least, to inform the now back up offer buyers that they are not getting the home. They loved it and are quite dissapointed.

Competition is certainly fierec in our market and the back up offer buyers agent eluded to that fact by explaining they have been second best several times. I feel bad as I understand their position.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Our Granada Hills REO rehab flip went very well and we just put it on the MLS late Sunday night, so Monday was the first work day that the agents could see it. We had 5 showings on Monday, plus two walk-ins. On Tuesday, we had 9 showings, and today, my phone keeps ringing from agents who want to show the property!

I alsready have three offers in, and they are very strong offers indeed. One is above ask price with 20% down (not too shaby!). I am telling the agents today that they are more than welcome to show the property, but their clients had better get there fast and write an offer tonight, as tomorrow will be too late. Looks like I have the offer I want, but will give it one more day to see what else comes in.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

After only one day on the MLS, we have received a very strong offer from a potential buyer which will be scrutinized closely. We have had 7 showings from RE agents in just one day and have been informed to expect another offer which is to be all cash!

This is great news for us and was to be expected as the low inventory levels and all our other due diligence pointed to this result. The offer (which can not be discussed at this time) is very strong, conventional financing and I like the buyer. The buyer has a very strong credit score and history. We have until tomorrow to respond/counter and I will update you all on the outcomes.

As I type this blog post, I just answered another call from an agent who will be showing the property and has a very strong buyer with a large downpayment. We will see what the offer comes in at.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

We have completed the rehab in Granada Hills, CA and it now awaits a buyer, We have pre-marketed the property and it just now hit the MLS. It was a lot of work and we put more into it than originally planned, but we are very happy with the results and all potential buyers and agents have loved the home and complimented on the quality of the workmanship.

If you would like to view it on the MLS, you can by searching the MLS # T09089044 and you can also view it both on our wbesite and on realtor.com  All agents are encouraged to bring their conventional (or all cash) buyers as we do not expect this georgeous home to last long.

I will update you all on the progress of the sale as it happens and post any details that occur. Be sure to keep an eye out for our next video and if you are interested in doing what we do, then you must join our next make me an investor program which is a hands on educational experience lasting 8 weeks and no details are left out. We are accepting requests for interviews as not all candidates will be accepted. Contact us by email with any questions or for an interbiew request.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Time is running out! If you want to learn EXACTLY how to profit from REO properties in this market and stop wasting time with the other unsuccessful methods, then contact us immediately for an interview. We will review each candidate for entry into our program and there are limited spots available. Send an email to info@nationwidepropertyinvestments.com for details and an interview request.