The mission of the Educational Real Estate &
Networking Club (ERENC) and its newsletter will be dedicated to
educate beginners and veterans the various techniques to acquire,
maintain, protect and sell their real estate holdings. In addition,
it will allow members to network with individuals that have similar
interests as themselves and provide an audience to market themselves
and their companies.
The rise in foreclosure has crippled our nation.
Mortgage money for worthy buyers is becoming increasingly harder and
harder to find.
My perspective from my very own little real estate investing
corner of the world is that our industry is in flux. Soon, we
investors will be forced to take a long hard look at our investment
strategies and expectations.
In my opinion, the term real estate investment is ripe for
reevaluation. This "re-casting" of our investment criteria and
objectives should begin with investor education and enlightenment.
Not the same old re-hashed and re-packaged the same way to
accomplish same thing but different education, I mean real content,
cutting edge knowledge, new and exciting ways to profit.
Because a wise man once told me, "you don't know what you don't
know".
When education is combined an investors desire to succeed the
result is a quick and profitable ascension to the top of their given
field or specialty. Educated investors have the ability to think in
a disciplined and rational manner, they learn how to dispose of
problems quickly, and gain insight into proposed transactions that
other less educated investors might fail to recognize.
I believe that most educated investors continually seek and find
their best deals within a space I refer to as "Defaulted Investment
Opportunities". All any investor needs to do to gain access to this
lucrative niche market is to study and become educated in "default".
Default Investment Opportunities become available whenever a
borrower fails to make their regularly scheduled (usually monthly)
payment to their mortgage lender. However, this default doesn't
become public knowledge until the filing of some version of
(depending on the State) a notice of default or Lis Pendens.
Within Defaulted Investment Opportunities lie some of the most
outstanding real estate investments available; short sales,
foreclosure purchases, lease options, subject to; all made available
or become greatly enhanced (potential profits) because of the
default.
However, all other proposed investment opportunities (and I do
mean each and every one) absolutely pale in comparison to, what in
my opinion is, the most profitable and viable investment opportunity
available. The purchase and profit from investing in institutional
defaulted mortgage notes.
The market for this investment was hot in 2000 when I first
started investing in defaulted mortgages, but now, in 2008 it's ON
FIRE. Lenders are selling short and taking huge discounts on final
judgments at foreclosure auctions. All are indicators of how badly
lenders what to sell their defaulted mortgage notes.
Wall Street, Sub- Prime Lenders, and Hedge Funds they're all
here, chasing this investment opportunity; however, I am of the
opinion that the true opportunity comes a bit farther down the line
from these mega money machines; and it also comes with a new
perspectives and a refreshing money-making concept.
The next time a potential investment comes across your desk,
think how you might fare if you were able to purchase the note
instead of your running the deal through a tired and well worn deal
analysis model.
About the Author:
Mr. Meyer is an accomplished real
estate student, investor and trainer. He has participated in
thousands of real estate transactions from foreclosure auction
purchases and home retention (loss mitigation) to note and mortgage
purchases including extensive foreclosure litigation.
Please visit www.180LoanWorkout.com for more information about
Short Sales and Loss Mitigation Opportunities presented by today's
real estate climate.
Any questions or comments should directed to: