A Collection Of Daily Foreclosure Bargains Selected Under Our Exclusive "Investor Market Value Criteria" Tool (IMVC)Used Exclusively By Professional Real Estate Investors in The US
My Take in Bulk REO ( Real Estate Owned) purchases from BANKS
There has always been institutional buyers of Bulk REO Portfolio's in the past. They negotiate with banks directly and receive substantial discounts when they purchase REO packages sometimes paying as little as 50 cents on the dollar. The reason for this is because they have the capital and resources to purchase Bulk REO Packages of $10 million dollars ands sometimes more per transaction. Banks holding these foreclosures in their possession want a quick solution and they favor these institutions over single lonely investors like you and me for obvious reasons. The sub-prime crisis has created a bonanza of opportunities and companies. They specializing, quickly I may add in pooling money from Mom & Pop investors like you and me to buy a huge chunk of foreclosures in one single step. A caveat is that as an investor, you basically do not have ownership of one or two properties but. . The group of investors own ALL the properties and share in the profit or losses of each acquisition. There is no hands on involvement form you as a real estate investor and essentially it is just like buying stocks in a mutual fund that uses 100% of the money to buy a bundle of REO's and pay the fees.
Buyer beware, I noticed lately a huge increase in companies coming up with crazy unsubstantiated claims that they can purchase properties as low as 30 cents on the dollar. After they take your money and 6 months later, you may find out that your money was not buying REO's but purchased a nice Villa in Costa Rica for the scam artists.
I recently decided that I should get in the action and went after information to do just this; to purchase bank foreclosures from a bank. I found out that the capital needed was upwards of the ten million range. I can always put my money with a company that specializes on this . . but I lose control. I can see the potential for enormous profit, but for now, I will stick out and rely heavily in my real estate experience.
As a Realtor that loves to put together a purchase for my investor clients There is no better satisfaction than a high five to my client four months later . . .after leaving the closing table with a big fat check and the knowledge that I just got another client for life!
If you are looking for a investment property, a rehabber, a short sale of just want to find a bargain home for you and your family, in Maryland, DC or Virginia there is only one numebr you should call, 240-426-5754 and talk to Fernando. Our Website: http://www.herboso.com
Sunday, December 9, 2007
FIVE REASONS Why Should You Buy A Home For Investment Right Now. .
Buying a home can mean building significant equity value through the years. Yes, it’s been a rough 2007 for most of us. . but the “ Law Of Gravity” for Real Estate has always been upwards.
You should think carefully about how much you can afford to spend and consider that guidelines from banks are now very tight. .and consider that today, INTEREST RATES are at it's LOWEST since 2004!
Working with your lender is a good way to determine how much house you can afford to buy to keep focus. . Most lenders would welcome an exclusive meeting with yourself to advice you in countless options as far as money is concerned. Take advantage, use their experience. I promise you they aren’t busy right now and they will even do research for you.
Inventory is at historic levels. . . . If you can convert your current home to an investment property and buy your dream home today. . .you will be in an enviable position to upgrade your castle at rock bottom prices. In addition your mortgage payments will be low because of the current interest rates.
Schools, taxes, services, crime rates, transportation, and zoning are important considerations when selecting a neighborhood. By choosing us to represent you in buying your next home, we will consult with you tohelp you find just the right property for you.
It's insane that you want to tackle selling your home on your own theses days. You need a FULL army of marketing professionals to get yourself noticed. . some times it feels that there is only one buyer for every 20 houses in the market today. How can we stick out and attract these buyers. . Here's a hint. . A LOCAL COMPANY FOR MD, DC and VA Check our Hummer advertising all our listings at www.ReallyNiceHomes.com
As many of us prepare for America's annual Thanksgiving Day feast, Americans have much to be thankful and grateful for. I for one am thankful that I live in a country where freedom and opportunity prevails. . .some of you where lucky enough to be born here. . I was lucky to have the foresight to come here and become an American nearly 30 years ago ! Receive my family's warm thoughts and wishes to hope this Thanksgiving will be especially bountiful.
I would also like to request for you to remember those people that are currently at harm's way defending and preserving our safety. We all should be tankful for their sacrifices and think of them when you are feasting the traditional dinner.
Please click here and send them a e-postcard and I can assure you they will be grateful for that simplest of action. . .(it only takes a minute!)
I’m not ashamed to tell you about my desk. . .well, it’s little messy, not terrible organized but, most Realtors have a “D” personality or type “A” in some circles. Essentially my desk reflects my personality. If you want to chat about the latest news about Britney Spears or the latest in the O.J. Simpson saga. . I got about two seconds to give you. I need the bottom line at all times. . I would like to share some tips that essentially keep me in a “sane” mode everyday. These are tips that I learned could help me add years to my life. . I hate being bothered by stupid little things that most people would take it for granted. . .but I can’t help myself!
When I call your cell the voice mail says "Hi, this is Gertrudes leave me a message and then it goes to this excruciating message that tells you what to press if you want this and press this other when you want this and then after leaving a message and you want to keep pressing numbers then you can press this and now with no further ado. . .after this long beep you may leave a message. . . beeeeppppp!"
By this time, I already pulled all my hair and I forgotten why I called you to start with.
I realized that this wasn’t good for my production and my nerves. .so I simply investigated and I found out that “ You can cut directly to the beep by pressing a certain key:” Depending on their carriers
For Verizon: press *
For Sprint: press 1
For T-Mobile or Cingular/AT&T: press #
By doing this simple move you can have an extra 9 weeks of life by the time you meet your Maker
You can thank me later. .
A couple extra more tips for you:
Free directory assistance. Call 800-FREE-411. You have to listen to a 20-second ad, but it’s better than paying sometimes up to $2 to your carrier for directory assistance! Just call the 1-800-373-3411 give the name of the address and you’ll get the phone number.
Lastly, one more tip that I found out saves me lots of time and keep me productive.
If I’m driving around a neighborhood and I see a new for sale by owner sign with a phone number, instead of writing the number down to call on them later after seeing all the statistics of their property, I call this 1-800 number and I record myself a message, not only recording the phone number but, I also describe the conditions of the property and /or any other details that may help me price the house correctly before I call them. When I arrive to my desk, I check my email and VOILA . .my recording is all there transcribed neatly in the form of an e-mail directed to me Juts go to www.Jott.com and check it out!
Watch this video twice a day and call me in the morning!
What Can We Do For You? I can provide you with Professional Consultation
It's a jungle out there. You need a guide that can open up opportunities for you and take the guesswork out of your next real estate transaction. Are you looking to buy with nothing down? Is your credit situation such that you need to buy via a Rent with Option To Buy? But you’ve heard the horror stories of how they don’t work for the buyer? Want to sell a difficult to sell home and feel that in order to maximize your price you need to structure a creative transaction? Want to sell via Rent With Option To Buy ? WHO ARE YOU GOING TO CALL?
Whatever you are trying to accomplish with your real estate transaction—if you need creativity, you need US !All our training and experience is available for your use. . we have the GUNS!! WE KNOW HOW TO BE CREATIVE AND GET THE RESULTS YOU ARE LOOKING FOR! and best of all. . . our expert consultation with Fernando or one of our associates is FREE !o when buying. . .We are people with track records of success in the industry and who are completely trained with the principles discussed just with one goal. . . to make our clients money!
Our services includes consultation and we laid out the PLAN you will need to perform a straight purchase with NO MONEY DOWN , RENT w/ Option to BUY, CLOSING COSTS HELP, SELLER CONTRIBUTIONS, NON-CONTINGENCY CONTRACTS , FULLY ASSUMABLE PURCHASES, NEW CONSTRUCTION INVESTMENTS, FLIPPING PROPERTIES, CONDO CONVERSIONS. . WE WILL EVEN HELP YOU GET YOUR MARGINAL CREDIT HISTORY UP TO PAR . . "subject to" fully collaborating with our 'lender" partners. Let us knock you off your feet with the quality of our services.
And if that’s not simple enough—call us. That’s what we're here for. Have a question? Don’t know how to get started it? Give us the pertinent facts and we will give you workable, viable options that will allow you to buy or sell at the best possible price and terms.
Right now, at this very moment, you may dream or ACT. . . We have all our knowledge at your fingertips. WE HAVE THE GUNS It’s free!
You can stay up all night watching infomercials. . .or you can call us!
You can pay HUNDREDS of DOLLARS for NO MONEY DOWN DEALS. . read them for a few days and store them in your closet
or you can call us and let us do all the WORK!
If you are "wishy-washy and can not make up your mind at Macdonald's if you want your hamburger with cheese or no cheese after waiting for five minutes and having 5 people behind you. . . don't call me. . you are wasting my time and yours.
If you have invested a small fortune in books of How To Get Rich in Real Estate and they are collecting dust under your bed. . . .don't call me either. . I'm not your guy!
But if you realize that you need the right tools, a professional REALTOR supporting your goals and the desire to make a positive change in your life?
Then, YOU MUST CALL ME!
We provide the tools and the support. We will answer any question to help you structure any deal. The rest is up to you.
My name is Fernando Herboso, founder of Herboso & Associates and chairman for the Education Comittee at Keller Williams Home Towne Realty
what I'm offering is NOT A GET QUICK RICH SCHEME but a sensible solution to all your problems to give you the options that will make a difference in your life years from now. . .
you can contact me directly at 240-426-5754 or email me at : Fernando@ReallyNiceHomes.com
We speak English and Spanish. . . . How Can I Help You?
All REAL ESTATE is local and there has never been a better time to buy a DREAM HOME or a rental investment property to pay for your children's college. The Washington Metropolitan area has the best chances of recovery over other locations in the USA . . aren't we lucky we live and work here?
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