Looking for a place to Buy Foreclosures or just want to see latest news about Foreclosure Homes
visit us.Three years ago, Sarah, in her forties, went from being a highly paid executive during the dot-com boom to an out-of-work statistic in the dot-com bust. Whether you’re an executive in the corporate world, a professional person with your own business, or a blue-collar worker with dirt under your fingernails, you can imagine how scary that was for Sarah.
Nothing she had learned over the previous 15 years of corporate life had prepared her for the harsh realities of being on her own. Sarah vowed that never again would she depend on a job or corporation for her income. She decided to start investing in real estate. A few months after she made this decision, she came to a workshop we hosted in San Diego. She sat right in the front row and took page after page of notes. Hungry to learn how to build wealth by starting up a real estate investing business, she asked probing questions at every break. How did things turn out for Sarah?
During her first 12 months of investing, she completed 10 deals and earned more than $150,000 net profit. Today, she specializes in buying preforeclosures and foreclosure properties in her hometown and earns a lot more money than when she first started investing. I’m not going to tell you she had it easy—just as many of you won’t have it easy—but it can be done. And you are the one who can do it.
Over the past decade, as part of the Mentor Family, I’ve been blessed to have helped launch the investing careers of thousands of people across the country who, just like you, come to this simple post and began a journey that continues. In fact, over that time, our students have bought and sold more than $1 billion of real estate. We know we live in a cynical world in which friends and family may say it can’t be done. But we’re here to tell you that if tens of thousands of our students can do it, you can too.
Mark, a pilot for a large commercial airline, made more than $100,000 from his first foreclosure deal. His greatest dream was to make enough money with his real estate investing that he could quit his airline job and teach high school band classes. Music was his passion and his drive. Mark has now completed many more deals and created a whole new life for himself. If he can have the courage to successfully chase his dreams, you can too.
Laura, a nineteen-year-old woman, was recovering from a broken back when she first began learning about investing. She spent two months listening to borrowed investing course tapes and reading investing books as she convalesced. Two months later, she bought her first investment property and was off and running. Five years later, her real estate business generates $40,000 a month of gross revenue, and her net worth is $1.5 million. If this young woman with no experience can fi nd a way to become successful, so can you.
Randy is a beginning investor from Hawaii. He finally found his answer for all those people who kept telling him “it couldn’t be done” when he made more than $60,000 on his first foreclosure deal. If Randy can ignore negative influences and realize a huge new world of opportunity, you can too. Michael learned that his company was about to lay him off. With a wife who was pregnant with their first child, this was a major wake-up call for him. While Michael’s company decided not to lay him off, he swore that he would never put himself and his family in a financial position that vulnerable again.
He followed the systematic advice and strategies you’ll learn about in this blog. Michael completed eight deals and made $405,000 in cash profits. You, too, can use the same strategies as your proven wealth vehicle to take back control over your own financial future and become fiancially free. Michael is now also one of my coaches for our Mentorship Program.
WHY THE TIME IS NOW
There has never been a better time to take control of your financial destiny and get out of the rat race. All across the United States, foreclosure rates are climbing like rockets and bursting onto investors’ radar screens. Now is the time to cash in on these unprecedented bargains for yourself and help other people at the same time. Don’t miss out on big opportunities to make money investing in foreclosures.
The following indicators have helped drive the foreclosure rate up more than 400 percent over the past 30 years in the United States. And it’s only getting higher. Personal bankruptcy rates are up 400 percent from what they were 40 years ago. Gambling as a percentage of the average person’s disposable income has increased by more than 700 percent over the past 40 years. In fact, online gambling has doubled in the last 12 months! Consumer debt is at an historic high, while savings rates are at historic lows. For the past 30 years, the number of people not covered by health insurance has climbed above 50 percent.
(Source: Federal Deposit Insurance Corporation Division of Research and Statistics)
According to the Mortgage Bankers Association of America, 4.41 percent of all residential housing was in various stages of preforeclosure or foreclosure by the end of August 2006. This number has doubled over the past several years. That rate is even higher when you look at subprime and FHA loans, which both had delinquency rates of roughly 12 percent as of the first quarter of 2006. Twelve percent! And these rates are climbing, in 2009.
The next time you drive to your local supermarket to shop, you’ll probably pass 1,000 homes. Of these, statistically speaking, 44 are in preforeclosure or foreclosure. That means in your neighborhood within a few minutes’ walk, four to fi ve of your neighbors are delinquent on their loans and in danger of losing their homes to foreclosure. These people need your help. And as you help them, you’ll earn a healthy profit.
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