Hi

I have been a DG student since 10/2008. I read the books and did my online pmi training but never took ACTION! on the Knowledge I was learning. Life and the wrong mentally got the best of me for 2 years. On 10/27/2010 I said to myself it's now or never. I enrolled for the second time in DG courses. I needed fast cash so I studied assignments of contract. I took massive ACTION! and landed my first deal in 29 days, I got a seller from one of my bandit signs, I offered the seller 155k and the seller accepted. I sold the home in 1 day to one of my buyers from my bandit sign for 182k. I called my coaches so many time to make sure I was doing everything right lol. Since my first deal I have been averaging 1 -2 deals a month and looking to bump it up alot more

RealtyTrac.com reports that in the fourth quarter of 2011, foreclosures represented one-fourth of all home sales. This was up from 20% in the third quarter, and down only slightly from a year earlier when foreclosures accounted for 26% of sales.

In total, 204,080 distressed properties were sold in the fourth quarter, down 2% from the same quarter a year ago. For all of 2011, foreclosure sales were down year over year by 2% to 907,138, accounting for 23% of home sales. Though foreclosures were beginning to ramp up, they were still being slowed in the fourth quarter by questions surrounding paperwork errors and abuses related to the robo-signing scandal.

Fannie Mae will be offering up nearly 2500 distressed properties in eight locations to investors who are willing to buy them in bulk as rental units. Fannie Mae didn't specify how many years, but there will be a requirement that they be rented out for a set number of years.

The properties are located in Atlanta, Phoenix, Las Vegas, Los Angeles/Riverside, and three Florida regions. They include all types of housing from single family homes to co-op apartment buildings.

There will be strict guidelines for who will qualify as a buyer, and these properties represent only a tiny portion of the more than 180,000 properties held by Fannie Mae and Freddie Mac. Many of the properties are already occupied by tenants, and buyers will be required to honor their leases.

We had a landlord call and said that they were tired of being landlords. When I asked where her property was located, she promptly told me she has 10 rental properties. 9 Houses and one 4plex. 6 in Lee's Summit, Mo. and 3 Houses and the 4Plex is in Independence, MO.
She supplied the rent amounts and mortgages balances when asked and I did a drive by her properties.
Meet the landlords at one of their properties as well.
We have locked all ten properties up and now are going to wholesale them to an individual investor or investors.
We are offering them out to our buyers list and we will see what happens.
Very Exciting!
Laura Bullock
BMW Investment Properties LLC

I got four offers accepted today. That is a record for me!

2 short sales
1 REO
1 Estate sale.

I am not going to keep any of them. Just going to wholesale them. SO I have only gotten half the deal done on these. The other half is getting them sold to my buyers and closing!!

$6000 in earnest money due by Tuesday!! Better get my buyers lined up over the weekend!

Two of the properties(the short sales) were supplied by my mentee's. I am doing all the funding, contracts and supplying the buyers, title company, everything. We are splitting the net profit 50/50.
What an education for them!! What fun!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Six weeks ago we put in an offer on a REO that was about to go to auction with Hudson & Marshall. The bank countered back dropping about 6K; we countered their offer by increasing 1K; they dropped another 2K but then held firm. The property went to auction but did not bring the number the bank wanted, so Hudson & Marshall put it at "post auction" bidding. We tried bidding again, but to no avail. We then received a call from the auction co. & they negotiated a purchase price with us ... we agreed, sent in the contract with a $ 2500 earnest money deposit; thinking it was a done deal ...