Alternative Real Estate Solutions

The top investment banks in the country are using our tax payer’s money to line their executive’s pockets. See this video to get the full story.

It’s sad but not really all that unthinkable. The executives of the big banks think they can do whatever they want, b/c they have the country right where they want us. I’m here to tell you about a solution. Something that will get the banks right where it hurts them most.

The investment strategies that I use don’t require banks. The bank is the enemy and if you stay clear of them you’ll be just fine. In the next series of posts, I’ll explain how to buy, fix and flip houses or buy, fix and keep houses using none of your own cash or credit. The strategies are perfect for this market, and I will teach them to you in the next few months, intermixed with my thoughts and ideas on the local and national market.

Here’s another link to a similar story:
http://www.foxnews.com/politics/2008/12/21/study-banks-failed-executives-earned-b/

I met with a seller who was losing his house the other day who had an interesting theory.  He said that the terrorists sure got their victory when they took out the financial district.  It didn’t come immediately, but the cause-effect relationship of our boom times post 09/11 created the mess that we are currently facing. 

I thought that was a very interesting theory; however, nothing could have created such a monster but greed. 

How will the bailout take it’s toil on local real estate?  well hopefully things will start selling again.  However, the short sale business may dry up in the mean time.  I’m not sure what will happen with the short sale side of things.  I was actually hoping for a little more pain on the side of the banks.  I didn’t think the REOs (bank owned properties) were selling for low enough.

If you’d like learn real estate, sign up for my newsletter at http://1RECoach.com
If you’d like to buy a house with no bank qualifying please visit my site at http://mn.arenter.com

More later.   

Marc

P.s.  I saw my good friends in Dallas this past week.  We were down for a Roop-Doran seminar hosted by by friends Richard Roop and Dan Doran.  We had a great time and reconnected with old friends.  It is truly the best time to be in the real estate business.