You may already be posting your real estate listings, REOs, rehabs or rentals on your blog or website. You might also be using a service like TweetLister to generate tweet friendly property listings. Well, hold on to your hat, because Google has announced that they’ll be indexing Tweets. Not only is that HUGE news for search results, it means that you can start a virtual flood of traffic to your site to create massive real estate profits!

With some big news from Google, you’ll need to check out two great Twitter tools: SocialOomph and Hummingbird.(...)
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Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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While it’s good for sellers right now – and of course the NAR is trumpeting the end of the bad market – bear in mind that the tax credit program is an artificial stimulus and the resulting buying spree is just as artificial.

From the Chicago Tribune:

Real estate agents say they’re seeing a surge of first-timers who want to close on a property by Nov. 30, the deadline for the credit. The rush has set off bidding wars and stirred up a normally quiet August market.

So as an investor, this is an excellent time if you can get a short sale negotiated and flip that property to a hungry first-time buyer – but any smart investor knows that “the fat lady” will be singing come November.

Calculated Risk makes some very good points:

• This has boosted existing home sales, and will continue to boost existing home sales (reported at close of escrow) through November.
• This will put upward price pressure on low-to-mid level homes during this period. This is the also the target price range for most cash-flow investors.
• At the same time, the foreclosure moratoriums and modification programs have limited supply – especially in the low-to-mid priced areas.
• This level of first-time buyers is completely unsustainable – even if another tax credit is enacted. There was significant pent up demand from potential first-time buyers who were priced out of the market in 2004-2006, and then were afraid to buy as prices fell. But demand from these buyers will wane.
• This doesn’t help the mid-to-high priced market because a large percentage of sales are distressed (REOs or short sales), and there is no seller to move up.
• Expect a surge in existing home sales (and some new home sales) over the next few months. Expect prices at the low end to rise (simple supply and demand). Expect all kinds of reports that the bottom has been reached.

Expect the frenzy to end …

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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As little as two years ago, having a website was a novel concept for many real estate investors. Today, it’s just as rare to find an investor that DOESN’T have a site offering his services. Websites were supposed to be THE magic bullet when it came to generating leads, but it didn’t turn out that way for most investors. Why? Because your run of the mill website, while useful, is NOT the best way to generate leads on the Web. Why is that, and what can be done to make them more effective?(...)
Read the rest of Websites Suck, Squeeze Pages Rule!

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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So with all this God-awful news, how can we as investors and Realtors^TM stay competitive and sell real estate quickly and most importantly, at a profit? Clearly, old “tried and true” methods just don’t work in a market where the landscape changes on a daily basis – we must adapt to survive.(...)
Read the rest of The Property Launch Formula – Create Huge Demand For Your Properties

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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Further legislation to create more transparency in lending goes into effect today. Named the Disclosure Improvement Act, and part of the Housing and Economic Recovery Act (HERA), the new rules mean the days of walk-in walk-out loans are gone. While the new legistlation will act as protection for borrowers, it also has the potential to slow down closing times by up to 30 days.

David Hitchings posts an article writen by Al Hewitt explaining the new legislation:

“Recent federal legislation can impact your closing date. When completing your purchase A=agreement, even if you are prepared to move forward and close quickly, a more conservative timeframe of at least 30-45 days from the time of the contract acceptance would be a more realistic expectation at this time. Listed below is information on two pieces of legislation that stand to impact your closing date, and a few bullet points that explain the reasoning behind and effects of each measure. HERA was designed to ensure that the borrower(s) involved in the transaction are given accurate disclosure information (Truth in Lending Statement pertaining to Annual Percentage Rate or APR) regarding the loan they are applying for and adequate time to re-evaluate their decision to proceed in the event of any changes that would impact their costs to finance.”

Under the new law, any time the interest changes by a predetermined amount, new disclosures must be presented to the borrower. Other factors can also mandate re-disclosure documents. More protection for borrowers will hopefully mean less defaulting loans in the future. But the restrictions add days to a process that is already to long for some.

Click through to read David Hitchings full post.

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Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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As interest rates on adjustable mortgages continue to increase, the number of homeowners finding themselves in a tight spot also rises. The equity that was supposed to insulate those homeowners from losing their home has been lost as home values decreased rapidly. Although the government, along with many companies and non-profit groups, have reached out to assist these troubled homeowners, there are still loan modification scammers who are willing to take advantage of the situation.(...)
Read the rest of Loan Modification Scams on the Rise

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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New home sales for the month of June increased by 11 percent, compared to May. This is the third consecutive month that new home sales have risen. While this is undoubtedly good news for the housing market and the economy as a whole, what is concerning is that roughly a third of all existing-homes sold during June were short sales or foreclosures. These types of sales are  bringing down rising inventories, while presenting great opportunities for first-time buyes and investors. But, they also can take a toll on home values.(...)
Read the rest of How Home Sale Increases in June Affect Buyers and Sellers

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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Tales of mis-hiring, terrible work quality, overbilling, identity theft…
I even heard one story about a new VA taking off to Central America never to be heard from again.
(Okay, that one actually happened to ME!)
I’ve been through it all — good [...]

This article was written by a contributor to the book Be a Real Estate Heavyweight. For more information on the book, be sure to check out www.RealEstateHeavyweight.com.

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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I overheard a conversation recently while circulating at a commercial real estate networking event in Los Angeles. The person speaking said they were buying distressed loans (promissory notes) at significant discounts from commercial banks. The loans were already in foreclosure, and the person speaking (buyer) wanted to buy the notes now so that they would end up with the actual real estate by completing the foreclosure.(...)
Read the rest of Can I 1031 Exchange Into a Promissory Note?

Give This Recession "The Finger" And DARE To Succeed In Real Estate - Find Out How! Two Chapters Got Leaked - Get 'Em While You Can!

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