I hope you had a great weekend. I went racing on Saturday with Karen Hanover at the Richard Petty Raceway in Orlando. We raced real NASCAR stock cars. Man, were they fast! We were going 130mph around corners. If you ever get a chance to do this, I highly suggest it.

While Karen was in town, we went to see a few big multi-family REOs we’re working on.

Here’s a picture of us with one of the cars:

There’s a ton of money in REOs right now. One of the biggest causes of this huge wave of REOs hitting right now is the shadow inventory that was created by our trusty government’s moratoriums and loss mitigation programs.

These programs were a huge failure and actually made the foreclosure situation worse. What it really did was delay the inevitable foreclosures from hitting the market sooner. It created a backlog of REO properties which is called shadow inventory of homes in the foreclosure process that the lenders are now getting back in droves. They have so many REOs and they’re trying to get rid of them as fast as possible, so you can pick them up for a song and flip them the same day for quick profits.

Many people say you can’t double close an REO because the bank is the seller but this is completely false. The people that say that are uninformed because they haven’t taken the time to learn our strategy for double closing REO deals. It’s just like anything. If they don’t know how to do it, they say it can’t be done. The more you learn, the more you earn because knowledge is power.

I’m hosting a special training webinar this Wed night at 9:00 pm ET with none other than the REO Rockstar and we’re going to show you how to take this oversupply of REO properties in the lenders shadow inventory and flip them to make nice quick profit checks within 30 days. It’s a great strategy to supplement your monthly cash flow.

If you haven’t registered yet, what are you waiting for?

Do it now right here:

http://www.dcfawcett.com/go

Gotta go get ready for my coaching call with my Platinum students this afternoon. I love doing these calls.

Talk to you Wed night,

DC

PS. Ever had a short sale die and you had it sold to a buyer already and everything? We’re going to show you how you can go back into the bank and buy the property as an REO, not a short sale to save the deal and your huge profit spread. After all, you already did the work on the property, you know the property well, you found the buyer and YOU DESERVE TO BE PAID FOR IT. We’re going to show you how to save the deal so you get PAID!

Don’t miss this training!

Get in Here:

http://www.dcfawcett.com/go

When you are looking for investing for beginners opportunities there are many ways for you to make big gains in profit and property value, and this type of investment vehicle is more involved and complicated that any trade on the stock market that you could ever make.  Therefore, pay attention.

One of the types of real estate investments you may be considering is that of a rental property.  This is a long practiced investment tool.  As a landlord, you will be responsible for paying the mortgage on the property as well as taxes and the cost it takes to keep the property up.  That means if your tenant  calls you saying that the water heater broke, depending on the contract you signed, you are more than likely heading over to the house to fix it and paying for the cost of the repair.

When you own a rental property, it is necessary for you to make sure you can charge enough in rent to cover the mortgage and other expenses.  While you may get a tax write-off on this investing for beginners opportunity, you want to make sure you are not being sucked into a money pit.

Another investing for beginners opportunity also relies on rental properties, but it includes a group of people who serve as landlords.  Therefore, you reduce your risk and the time you spend answering maintenance calls, but still are able to reap a profit from the appreciation of the real estate as it increases in value.

Finally, another investing for beginners opportunity is to actually participate in a real estate investment trust which is when a corporation will use the money invested by others like you to purchase and generate income on properties related to rentals or commercial property.  This will allow you to put your money in as an investor, but you will not be responsible for any of the upkeep or maintenance on the property that you are associated with.

These are all great investing for beginners opportunities.  As you become more accustomed to the ups and downs of real estate, you will find other opportunities present themselves.

This is the moment you’ve been waiting for. We have literally solved the 5 biggest challenges we’re facing in the short sale business.

My members have been asking me for the past 12 months to fix Bank of America’s 30 day hold rule and the other 4 double closing issues we’re facing in today’s crazy financial market.

I will be revealing the solution to the 5 problems on tonight’s webinar. This is a “can’t miss” webinar.

Register Here

http://www.dcfawcett.com/go

Here are just a few of the topics that will be covered on the webinar:

• How to overcome the biggest property flipping challenges in today’s market

• How to flip properties to FHA buyers in today’s market without using a land trust

• How to legally and ethically overcome conventional lender seasoning requirements

• How to close Bank of America’s 30 Day hold requirement

• And 7 other topics that will be revealed Tuesday night

Sign up for this “game changing” training here:

http://www.dcfawcett.com/go

If you didn’t register for tomorrow night’s webinar yet, you need to do that now because I’m going to be introducing you to my longer term transactional funding private lender and you’ll be able to get access to use his money too.

Register for the webinar here:

http://www.dcfawcett.com/go

Here are a few strategies you’ll discover on tomorrow night’s webinar:

How to flip properties to FHA buyers in today’s market without using a land trust

How to legally and ethically overcome conventional lender seasoning requirements

How to close Bank of America and Wells Fargo deals with 30 Day hold requirement

How to save your deal if the short sale lender will not postpone a foreclosure sale or if your buyer misses their closing deadline

How to maximize your profits with short sales and REO’s

The pros and cons of working MLS listed short sales vs unlisted MLS short sales

When to use and not to use a proof of funds letter

The best resources for finding cash buyers right now

How to legally close double closing flip transactions where they are not on the same day….They can be days, weeks, or months apart without using an of your own money or credit.

The Pros and Cons of all financing options available today (Conventional, Hard Money, Transactional Funding, 30-60-90 Day Funding)

Join me on this webinar here:

http://www.dcfawcett.com/go

Talk to you tomorrow night,

DC

P.S. We’re also going to take a few questions at the end of the call but we are almost full so you must register now if you want to get in on this.

Sign in here:

http://www.dcfawcett.com/go

We had an awesome event last weekend in Los Angeles. The event was completely sold out and I rocked the house with my cutting edge training. One of the sections I presented was on prescreening.

All of the attendees paid close attention during the short sale lenders section of my prescreening presentation when I covered what each of the short sale lenders are doing right now and which lenders are our most favorable and least favorable to work with.

If you sat in on that presentation, you would’ve seen that Bank of America and Wells Fargo require you to fund your short sale and hold it for 30 days before you resell it. This requires you to come to closing with cash for more than one day.

I don’t bring my own cash to these closings. I have one private lender that funds my one day transactions and I have another private lender that can fund transactions longer than one day. He is a longer term transactional funder that can fund 2-180+ days if needed.

After this presentation, this is the question that kept coming up from all of the attendees:

Do you have a private lender that we can use for our Bank of America and Wells Fargo Short Sale deals so we can fund them and hold them for 30 days before we resell them?

I’ve decided to hold a special webinar to answer this question.

On this webinar, you’ll discover how to get access to my private lender and how my private lender will lend you the money for 30 days for your Wells Fargo and Bank of America deals.

There is no risk to you. My private lender is taking all the risk!

Join me on the webinar here:

http://www.vssivip.com/fixmybusiness/

NOW, you don’t need any of your own cash or credit for these deals because I’ve convinced my other private lender to work with you on your deals that need longer term transactional funding.  Find out how to signup to work with him on this week’s webinar.

Important NOTE*** If you want to partner with me on your Bank of America or Wells Fargo short sales, you must have private funds lined up to fund your BOA and Wells Fargo short sales or we will not negotiate these deals for you.

I’m giving you access to the longer term funds you need on this webinar. Don’t miss out.

Some of the most profitable short sales I’ve ever done were a direct result of big 2nd mortgages. This is because of the huge discount 2nd mortgage holders are willing to accept because they’re in a junior position and will not get anything if the first mortgage forecloses on the property. They will be wiped out and get nothing. It’s very common for my negotiators to get them to take 5-10% of the mortgage balance on a 2nd mortgage.

This means if they are owed, 252,000 on a 2nd mortgage, the lender is willing to take 5-10% of the balance which will end up being somewhere between $12,600 and $25,200. You just created $226,800 out of thin air. Luxury homeowners are willing to sell for what they owe because they know they have no equity so they’re much easier to acquire than luxury homes that have equity. When a luxury homeowner has equity, they want to get the $$$ for that equity. When they don’t have any equity, they know they don’t have any other options except for a short sale.

To find out how to make huge 6 figure profits on over-leveraged luxury homes while 100% of the work is done for you, join me on my webinar tonight and I’ll explain everything:

Join me here:

www.dcfawcett.com/go

Now, housing analysts are drawing more attention to one big problem that’s making loan modifications less successful and drawing out efforts to pursue short sales and other foreclosure alternatives: The presence of second mortgages such as home equity loans and lines of credit.

Today’s Heard on the Street in the WSJ concisely explains why there’s a problem: Second mortgages stand behind the first lien and are supposed to take the first loss in a modification or short sale, and in the event of a foreclosure, they’re likely to be worthless, particularly if the home is underwater. Karen Shaw Petrou, an analyst at Federal Financial Analytics, concludes that most second mortgages “are nothing but air” because of big home price declines.

Second mortgages are held primarily by banks, and writing down seconds en masse would cause substantial losses at a time when banks are trying to boost their weakened balance sheets. Of some $1.05 trillion in second mortgages, $963 billion are on the balance sheets of commercial banks, savings institutions and credit unions, according to Amherst Securities, and around $442 billion sits with the nation’s four big banks.

But most modification activity centers on first mortgages, which are held by both banks and other mortgage investors, including government-owned mortgage-finance giants Fannie Mae and Freddie Mac.

Second mortgages are also a big stumbling block on short sales done by real estate agents without investors involved, where the borrower sells the home for less than the value of the amount owed. Real-estate agents have complained for months that many of these deals fall through because the second-lien holder isn’t willing to approve the deal, or is requiring more money from the transaction.

With my system of working with real estate agents, we can easily get these deals done that agents cannot get done because of the away we structure our deals. Its much more flexible than the way real estate agents do short sales. We pre-negotiate the short sale and we close 5 times more deals that realtors because of our pre-negotiation strategy.

Discover my entire system on tonight’s webinar.

Register Here:

www.dcfawcett.com/go

Talk to you tonight,
DC

P.S. This may be the last time I do this webinar in a long time, so don’t miss it because this is your last chance to get the chance to partner with me on your deals. My professional negotiators will negotiate all of your short sales for you.

Find out how to partner with me on your deals tonight at 9:00 pm ET here:

www.dcfawcett.com/go

If you can’t make it to a computer tonight, you can call in and listen in here:

Phone number:

Access Code:

There are currently so many bank and government owned homes on the market that these organizations are looking to get rid of their inventory as quickly and as easily as possible in order to recoup their losses and that means if you are looking to buy right now, you are in a win-win situation as an investor.

In order to purchase a property foreclosure, there are certain steps you must take.

First, look for foreclosure sales by inquiring about real estate auctions or Sheriff’s Sales in your area, you can usually find this out in a local paper or at a county administrative office.

Next, contact local real estate agents or attorneys to let them know your intentions.  These professionals will be able to help you and advice you on property foreclosures as this sale is not like a traditional real estate transaction.

When you have found a piece of property that you are interested in, work with whatever means possible to determine the market value and the condition of the home.

Many times, if the home is bank owned, ask the bank if they are able to provide you with the keys to the house to check out the inside.  This is the part of the process where you also have to find out what other homes that are not in foreclosure in the area are currently being sold for.

After you have determined who the owner is, whether it is still held by the homeowner who is delinquent or the bank, determine if there are any problems that could arise, financially or logistically during the sale of this property foreclosure.

Work again through your real estate agent or attorney in order to contact the trustee of the property foreclosures to determine what the minimal selling price is that would be accepted by the owner of the property.

After you have this information, now it is time to work through financing options that are available to you.  Make sure you check to see if the current loan or mortgage on the property foreclosure is available for assumption.

When the real estate auction or property foreclosure sale opens, make your bid and go from there.  If your bid is accepted, you more than likely just made a very attractive investment in property foreclosures.

To the investor who is new to real estate and is looking to make the most of the massive amount of inventory on the market, it is important you know about opportunities before other investors, that is where a foreclosure list comes into play.

There is a wide variety of information on foreclosures online, however, you want to be a little bit choosy with regard to where you get your information.

Do not fall victim to organizations that are looking to sell a foreclosure list to you with the promise that you will find the best deal by paying for it.  Rather, you can find a free foreclosure list that has the same information as the one that comes with a price tag.

Depending on where you are looking, there are several ways to get your hands on a foreclosure list.  They include going to a bank branch in your area and asking to see a list of their properties that are currently in foreclosure.  The bank will be more than happy to give this to you as all banks are actively looking to offload foreclosed property.  Furthermore, if you are doing your search on a local level, they will probably also be able to supply you with a key in order to check the property out on the inside.

Another way to get a foreclosure list is to go to a county tax assessor’s office.  This office will be able to provide you a detailed list of all foreclosed properties within a county. Again, this is great for a local search.

If you are attempting to search on a national level, in order to save yourself some time, as well as the cost of airfare, simply go online and look for a free foreclosure list.  Many websites have “search engines” that run through foreclosure lists nationwide and features that will allow you to search by price range, cost of living in an area, medium income, population information, and other information that pertains to the home and the demographics of an area.

Search engines of this nature will allow you to customize and tailor the results of the types of homes you are looking for and simplify the potential investment you are about to make.

Just remember, a foreclosure list should always be free.  There are so many financial organizations that are looking to move inventory that you should never have to pay for the information that is public record.

If you are currently looking to buy a home, now is the time to look into these specific properties as you more than likely will be able to buy a bank foreclosed home under market value as the financial institution that currently owns it is looking to recoup losses and get rid of inventory.

The first step of finding a bank foreclosed home is to understand where listings for these properties typically originate from.   If you are looking through real estate listings in newspapers or online, look for homes that are listed for 80% of the actual value, more than likely these are properties that have been foreclosed on.

Another tactic in finding bank foreclosed homes is to actually go to banks in a specific area and request a foreclosed properties list.  Remember, banks want to get rid of these houses.  If you see something you are interested in, ask the bank manager if it is possible to see the home.  More than likely, they have the keys to the house right there at the branch.

Another tip to finding bank foreclosed homes is to get online and look for government sponsored sites that allow visitors to bid on these properties.  Many times, these properties were not only backed by a bank, but also by the government.  Therefore, you have two parties who are not making money and they will be eager to sell.

Finally, one of the best ways to finding bank foreclosed homes is to actually take a drive through a neighborhood.  If you are interested in the homes in a certain neighborhood, take a drive sometime during the week and pay attention.  Most homes that have been foreclosed on and that are empty will show certain signs.

If the grass looks like it hasn’t been cut for a long time, there are no lights on, the windows are void of curtains or blinds, chances are,  it is an empty house.  It doesn’t  hurt to knock on the door and see if anyone answers.  If no one is there, go to a county tax assessor or realtor to inquire about the house, one of these two parties will be able to tell you if it is a bank foreclosed property and who currently owns it.

It is not a bad thing to take advantage of the bank foreclosed homes that are currently on the market. Remember, the bank will be eager to get rid of any home you may be interested in.

At this month’s VSSI Live acceleration event in Los Angeles, I’m going to be teaching you how to find the best luxury short sale and commercial foreclosure deals before your competition. There are 2 secret places I found online where you can find these deals for fr’ee by manipulating the public records. I’m so excited to show you this, I can’t wait.

I’m even going to give you the step by step instructions and print outs of my presentations so you can hand it off to your VA to have them do this legwork for you. Remember the easier it is to find the deal, the more competition there is for the deal. The best deals are those that are hard to find.

I’m going to show you where the "hard to find" deals are. I’m going to make it so easy for you to find them. I’m going to personally train your assistant how to find them for you and how to contact them for you so only the motivated sellers are calling you! It’s incredibly powerful and you’ll dominate your local market once you discover my secrets. I can’t teach these tricks in my course or on the internet because the guru’s will steal them. I only teach these strategies at my live events.

Do you see I’m bringing all of the pieces of the Commercial foreclosure game together for you?

The latest webinar series is still going. We are doing the last training with my commercial foreclosure partner on Sunday night. This is Part 2 of How to make a Fortune with commercial foreclosures.

It’s the same training we did Wednesday and Thursday night. We are doing it again Sunday for THE LAST TIME. There will NOT be a replay. If you missed the wed or thurs webinars or want to watch the training again, register here:

http://www.dcfawcett.com/go

I wrote many articles on the state of the distressed commercial real estate market. Check my blog to see all of the archives.

http://www.realestateforeclosuresinvesting.com/blog/

We are dedicating an entire half day to commercial foreclosures at the VSSI Live event in Los Angeles. Sal Buscemi will NOT be speaking at the event. Your LAST CHANCE to discover Sal’s distressed commercial real estate strategies is this Sunday night.

He’s going to show you how you can BE THE BANK helping commercial owners out of foreclosure by offering them emergency funds to save their properties. Sal will provide these emergency funds for you to use.

In fact, he’ll give you a Proof of Funds letter for $5 Million. You essentially have your own private money bank.  You can use this funding to help people out of situations where their commercial loan is coming due (There’s $1.4 Million coming due in the next 5 years and half of those loans are underwater) or if they are facing foreclosure. You can use it to acquire your own distressed commercial deals or broker it out to other buyers and make BIG money simply by playing matchmaker.

Sal has a network of buyers for these deals too so all you have to do is find the deal and refer it him and you make 3 streams of income on it. You get instant cash from the finder’s fee, monthly cash from the payments and a huge chunk of cash later from the equity.   

You don’t need any cash or credit to do these deals. You make money from the 3 profit centers in distressed commercial real estate.

Here is your last chance to catch this training:

http://www.dcfawcett.com/go

After you attend the VSSI Live event at the end of this month in Los Angeles, you’ll be able to partner with me on your commercial short sales. We’ll provide everything you need to submit deals to my loss mitigation department for negotiating commercial short sales.

I’m also going to have my attorneys there to talk to you about the new foreclosure laws and the HAMP and HAFA programs and how they affect your business. One of my Attorneys focuses solely on California rules and regs and my other attorney does the other states.

Worried about whether you’ll be able to do short sales after April 30th. Don’t worry. We’ll break everything down for you at the event and show you how you need to do it to be in compliance.

Here’s one of the comments I got from the survey for the VSSI Live Event:

"My hope is that this 4 days is not a bunch of people selling me their system."

DC: This is not a salesfest like an EXPO or the learning annex where all you get is a bunch of speakers selling their courses. This is a workshop that is a paid event, not a free event like an expo. I will be personally teaching you the step by step process for building a $1 Million a year virtual short sale business as well as how to get started in commercial foreclosure investing without any cash or credit.

I’m also going to show you how to automate your entire business so your team is doing all the work for you. I’ve added a special section on how to find people that are paying cash for properties in your area. You will instantly have a qualified cash buyers list for your deals and your properties will be presold before you buy them.

Here’s a hint: Do you think there are any international buyers paying cash for luxury homes? They are buying them in droves. America IS ON SALE to them.

I look forward to seeing you there. You will not be disappointed.

Have an Awesome weekend,

DC

PS: After you register for this Sunday’s webinar, you’ll be sent to a special page where you can get a FR’EE training on how to:

Show you what sort of corporate structure you should have

Instantly find 15 different sources stocked full of cash buyers who will drool and fight over your houses like hungry dogs if you play your cards the way we tell you too

Do absolutely nothing in regards to the closing. Not even show up.

All you have to do is register for the webinar and you will get access:

Do it now right here:

http://www.dcfawcett.com/go