Bandit Signs Why they work
I like bandit signs. I like bandit signs so much I order them weekly. Why do I order bandit signs weekly? Because they make me a lot of money. Period. Bandit signs are one of the most cost effective way I know of to get my phone to ring. In most cases, a bandit sign can get about a 10x resposne rate then you can get from a newspaper ad. How do I know this? I’ve done it and I have spent a lot of money testing and measuring different techniques. Also, they are good not only to find seller leads but buyers too. Here’s a quick video of me out in the field doing a little bandit sign recon. Enjoy…
Real Estate Investing 101
Investing in real estate since 2005 has had its share of scary moments followed with those of utter disbelief. At times you wonder how you got into this mess and at others, you praise yourself for making the right choice. As I watched the first miner being pulled out of his 69 days of hell, I watched his son wait in utter anticipation. It came to a point when the son could not bear it anymore and broke down with tears in his eyes missing the one he called father, papa. Then his dad came into sight and as he climbed out of the rescue capsule his son came sobbing, embracing the one he loved. For 69 days, a father not knowing if he would ever get another chance to embrace the ones he loved, stood tall and proud and showed the world he had endured and at that moment felt more alive in years.
We can all learn from those miners. They had courage to go deep into the earth, always knowing they may never come back. Yet, they go down every day to do their job with pride. Real estate can be both rewarding and scary especially when you are just starting out. At every turn their can be a collapse waiting to cut you off from the world and test your courage.
What I saw when those men came up over the last couple of days is training. Training gave them the courage to find their safety spot. And for 12 days when no one had any communication, it was the belief they knew they had a support team, that would come looking to save them.
Invest in good training in your real estate adventures. Seek out mentors who have been there before….Cause when all goes dark and you don’t see the light at the end of the tunnel, education will give you courage and a mentor will help lead the way.
Go out and embrace your love ones today. You never know what tomorrow brings.
Than Merrill Plugs my Blog
Than Merrill of A&E “Flip This House” plugs my blog….
Wells Fargo to Help Arizona Homeowners
Are you one of the 1718 Arizona homeowners who obtained an adjustable rate mortgage also known as the “Pick-a-Payment” program offered by Wachovia or Golden West Corp (now owned by Wells Fargo)? If so, there may be some good news for you! Wells Fargo has agreed to provide more than $150 Million in mortgage relief via loan modifications to Arizona homeowners as a result of a settlement which alleged the loans were marketed deceptively by not fully explaining to homeowners that making minimum payments during the first years of their loan would result in the unpaid interest being added to the principle balance of the loan.
The “Pick-a-Payment” loan risks were downplayed in the company’s marketing which resulted in homeowners finding out too late that they now had a much higher than expected loan balance.
The 8-state Agreement was lead by Arizona and was joined by Colorado, Florida, Illinois, Nevada, New Jersey, Texas and Washington.
The settlement will provide $772 Million Dollars in relief for those states affecting more than 8000 homeowners.
Attorney General Goddard says the loans contributed to Arizona’s housing crisis where HALF of all mortgages are currently under water (the homeowner owes more than the home’s resale value). More than 41,000 Arizona homes are currently in foreclosure.
The Agreement from Wells Fargo (who admits no wrongdoing) includes $86 Million to Arizona homeowners who are at least 60 days behind on their mortgage payments (or are facing imminent default) and are still living in the home.
Many of the “Pick-a-Payment” mortgages that face balloon payments will come due next year. Bad news for the Phoenix market I’m afraid.
If you are a Wells Fargo customer who had your mortgage through Wachovia or Golden West, you can get information about the program by calling 1-888-565-1422.
How to Use List Brokers
Sometimes you just want help in locating motivated sellers. I’ve got new for you. They are all around. In fact, there are so many opportunities to make money in Real Estate that want to share my list broker and how I use them to find and cultivate my leads. Hand pen and paper ready. This is good stuff.