http://www.localmentor.com real estate investing training video on what not to do on a fix and flip. Sometime saving money and cutting corners don’t actually save you money. I often say, the cheapest “contractor” (fill in the blank with anything there) is NEVER the cheapest contractor. For more great money making real estate investing training check out http://localmentor.com

Duration : 0:6:43

Read the rest of this entry

Bob Massey of http://www.TheAgentMagnet.com goes into more detail about Obama’s new housing recovery plan and how it affects investors. fpllctam09

Duration : 0:2:33

Read the rest of this entry

Learn How To Wholesale Real Estate And Flip Houses At The Distressed Real Estate Boot Camp. Lex Levinrad discusses the Distressed Real Estate Boot Camp in this video tutorial. For more information about the boot camp visit www.lexlevinrad.com or call 561-948-2127

Duration : 0:8:40

Read the rest of this entry

Orange County real estate investor and Realtor Gabe Cole presents two different investment strategies to take advantage of the opportunities in today’s real estate market. The long term buy and hold has been proven time and time again as a great long term wealth builder. The Fannie Mae Homepath program is a fabulous opportunity to purchase investment property with less money out of pocket.

The short term buy and flip model is still alive and well and Gabe shows you the strategy he is implementing with some of his clients to take advantage and profit in with this model.

Should you have any questions or would like more information about real estate and investing, feel free to contact Gabe Cole at 949.395.4223 or visit his website at www.gabecolerealestate.com.

Duration : 0:15:27

Read the rest of this entry

http://www.squidoo.com/shortsaleaid

How To Do a Short Sale
Why Would a Lender Accept a Short Sale?

A short sale in real estate is not always a pleasant transaction.

There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a “short sale.”

More than half of my sales in Sacramento over the past few years are short sales. That’s how prominent short sales have become.

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.

If you are considering buying a short sale, there could be drawbacks. For your protection, I suggest that all borrowers:

* Obtain legal advice from a competent real estate lawyer
* Call an accountant to discuss short sale tax ramifications

As a real estate agent, I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the I.R.S. could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. A lawyer can determine whether your loan qualifies for a deficiency judgment or claim.

By Elizabeth Weintraub, About.com

Duration : 0:7:44

Read the rest of this entry