Fewer First Time Buyers - More Gifted Down Payments

In a direct contradiction to the previous article, an article in the New York Times is predicting fewer first time home buyers for some time to come. The article cites tight credit and eager investors buying up lower priced inventory as two major factors.

A survey of real estate agents indicates that first time home buyers as a percentage of all buyers are down from a normal 40% to 31 percent. Surveys also show that first time buyers are relying very heavily on low down payment mortgages from the FHA, as they can still get a loan for as little as 3.5 percent down. However, fees are being raised for these loans and the financially troubled agency is indicating that fees will continue to rise.

The deal from HE** CLOSES!!!! $18K!!!!! ASSIGNMENT IN SOUTHERN CA! USING NONE OF MY OWN MONEY!

IT CLOSED! IT CLOSED! IT CLOSED! Wait until you hear about THIS deal! WOW! You aren't going to BELIEVE this!!!!! This deal was on, then off, then on, then off, then on, then off, then on 5 times.

2012 Year in Review, the GOOD, the BAD, the NEW ME!!!

2012 was a roller coast ride. I joined the success academy in November 2011. At that time I was in Anchorage, AK turning wrenches as an automotive mechanic. Now I invest full time and the long hours of busting my knuckles and slaving away building someone else's wealth are long gone. My family and I now prosper 100% from my labors. We also help our local economy as a bi-product of my real estate success. I wanted to use this forum to share my failures and successes.

Getting Started in your Town, What I Did that is working

Hello fellow investors, after reading this book and talking to a local investor I meet at our local REIA meeting in Rhode Island. I started my first marketing program. I needed bandit signs and a 24/7 dedicated number, but I was starting on a no money budget. So this is what I did.

1st- I came up with a name for my business " Rescue Home Buyers, Inc."

2nd- I went to Google Voice, and setup a free local phone number with a recorded message - targeting home owners that want to sell or that are facing foreclosure. Its free folks - tip don't link the number to your personal phone, and disable the caller Pre-Screening.

Closed my 3rd Deal

Hello fellow DG members. I have been a member of this site for about 18 months I think. I posted my 1st deal last January when I got my first wholesaling check, and made $3,500. I did another deal in May ($4,000)but didnt post that one, and I just closed by 3rd last week ($2,500), so I wanted to post it because I'm sure there are some newbies out there who could use some inspiration I guess and to prove that this stuff really works. I started wholsaling after I read Deans book, "30 Days to Real Estate Cash". The book didnt do the work for me though, I actually STILL had to get off my butt and work for it, and THAT'S why I succedded.

Happy New Year my DG Family;-))

I think we all know practicing gratitude is the key to happiness.. And appreciating what you have rather then focusing on what we lack, missed out on or lost.. But damn, its not always easy to really let it sink in is it?

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