…I hear it every day now from my fellow investors (or should I say “former fellow investors”)?

Many of the “old guarde” (and of course most of the newer ones) just HATE the changes in the market.

So I have to say I’m proud of you for not giving up! Thanks!

Hang with me here for a minute – there are some great things coming that will give all of us new ways of making money RISK FREE in this new market environment.

For now, I just wanted to give you a heads-up for a great Duplex in West Los Angeles that I have available NOW!

It has one 3 bedroom, 1 bath unit and one unit with 2 bedrooms and 2 baths.

I know this will be great because it needs VERY little work, and has gross equity of about $137,500! (no “cash-back” funny stuff on this one…)

Please let me know ASAP if you’re ready to tie it up! -
Just input your e-mailon the side there and I will be in touch shortly with more details ===>

In case you have your own buyers list please let me know – I am preparing a special link for you to pass it on (if there is enough time)…

I’ll talk to you soon. – Make it a great day!

Thomas Bartke
http://cawholesaledeals.com/
http://ca-homedeals.com/
http://wepaycash4homes.com/

Doubt and Fear: Powerful Drivers of Herd Mentality

“Purpose, energy, power to do, and all strong thoughts cease when doubt and fear creep in.” – James Allen

Let’s say you made a decision to take advantage of the buyers’ market and look for a good bargain now. A larger home to move in yourself, your first home to own, or a rental property to grow your portfolio. – Good! Your decision has a purpose which comes from a positive thought.

Now you hear The News: “Housing Slump May Continue”, “Subprime Woes to Cripple Credit Markets”, “Foreclosures Headed for Record High” – this creates doubt about your decision…

Next, you talk to the people at work and reinforce your doubt, turning it into fear.

Doubt and fear lead to indecision and failure to act upon your decision. You forget your reasoning and purpose of your original decision. Instead of acting on your decision you stay with the herd. – Think about it:

The same people who collectively bought into the buying frenzy of the past 2-3 years are now keeping you from making a smart decision and going after your goal and purpose.

The Bad Thing About Bad News

With very few exceptions, news is not made so you can act upon it. All it does to you is “entertain” and give food for senseless conversations. Your time spent with “The News” is wasted at least twice: First when you watch it, and again when you talk about it.

Both times it drains you from positive energy and fills you with negative energy: Fear, doubt, prejudice, gloom, depression. It’s literally like public brain washing! The longer you’re exposed to it the harder it gets to resist the negativity.

Negative Stands in the Way of Positive

Every time you”entertain” a negative thought, it keeps you from having a positive thought! Have you ever had a dispute with someone that made you too angry to think of a good argument?

And about two minutes after you hung up the phone or left the room the perfect response popped into your mind?

The reason that happens all the time is because your negative emotions inside the situation block your creative forces from operating.

Decide to Change Your Mind: Think Positive and See Opportunity

Even in the times of the “Great Depression” the economy wasn’t bad for everyone. In fact, some people made millions because they were able to see opportunity.

This has nothing to do with taking advantage of the bad luck of others. The universal law of economics states that you can only receive value (make money) when you give value (provide solutions).

You are (or can be) in control of what you allow to enter your mind. When you decide to change your mind all you have to do is focus from negative to positive.

First Step: Limit your exposure to public brain washing (aka “The News”, and mindless conversations about it). Free up your creative forces and everything else will fall into place. You will see solutions, find ways to give value and have a great following.

Because in bad times only a few people can escape the negative cycle of bad news you turn yourself into a rare and most valuable asset.

You think that might enable you to make some money? Absolutely! You better believe it – but don’t worry about it!

Hey, look at it this way: How can you find a great deal if you’re not looking?

Copyright © 2007 http://www.myreiblogger.com/. This article may be freely reprinted and distributed so long as the Author’s Bio and Resource Information with all links is included.

REO stands for “Real Estate Owned” – you may have known that before…

After a lender or bank takes a property back through foreclosure it enters their REO department. Once the bank has secured the property, evicted the tenant or previous owner and taken actual possession, they will proceed to listing the property with an agent on the MLS.

Tell-tale signs (or words) of REO listings are phrases in the description such as “bank owned”, “corporate owned”, “lender owned”, but also “sold as-is”, “no warranties” or “buyer to verify all information”.

Once the proeprty shows up on the MLS anyone can make an offer on it through your own agent or through the listing agent. While REO listings are sometimes slightly lower than other similar listings, it can be hard to make this a great deal.

The key is persistence! You’ll have to make several “low-ball” offers until one sticks. It helps to get a low offer accepted if you are a cash buyer and can show proof of funds.

Many investors and rehabbers are buying properties from wholesale buyers/sellers. The wholesalers negotiate the deal and make it available to their investor/rehab buyers.

It’s a great idea to get on a wholesaler’s mailing list so you can get great deals that are “pre-negotiated” delivered to your e-mail inbox. This eliminates negotiation and a lot of paperwork on offers that won’t get accepted. All you need to do is do your due dilligence quickly and grab the deal (or better yet the other way round…)

Sign up for my wholesale list at http://cawholesaledeals.com/ (not limited to California!) – You’ll even get a free report just for signing up (and tons of great deals on a weekly basis!)

I have to get this off my chest: I just got off the phone with an old friend who’s been investing in real estate for 15+ years. He’s done very well – most of the time.

Problem is, now he’s hit a slump. Why is that?

Well, the market has changed, and he can’t figure out how to change his business to adjust for the changes in the market.

And I know that many of you guys out there are sitting on your hands right now, because you can’t figure out the market.

Two things I have to say about that:

1. That’s great! More opportunity for me, and more opportunity for anyone who is willing to do what it takes to stay in the game;

2. To do what it takes… means first of all to stay up-to-date on your education! New ways of doing things pop up all the time, and if you don’t keep up with them you’re apt to missing the boat, get left in the dust of your fellow “competitors”.

(In reality there is no competition! – But more on that in another post…)

So, I’ve put together a little page on my site over at CaWholesaleDeals.com with the most cutting edge, current, and helpful programs for you ongoing education.

Follow this link: Investor Tips, stay up-to-date, enjoy life and be successful!

I’ll talk to you soon!

There is a lot of news about the impact of the “subprime lending crisis”, the downturn in real estate markets nationwide, and bursting of the “bubble” in some overinflated areas of the country.

A lot of that is very confusing, and probably about as bad and hyped up as the euphoria about real estate over the past three to five years.

Fact is that it has become a lot more challenging to sell a home now than it was before 2006. – Particularly if you expect to be able to sell at prices at or above the levels that you may have seen in your area as recently as last summer.

The three-part presentation below may help you to determine a realistic asking price for your home – whether you have a home now that you’re looking to sell, or looking to invest in a property with the goal to sell it quickly after fixing it up.

I hope this helps, and I talk to you soon!

Thomas Bartke

I found this presentation from the Humboldt State University that was given last year. It puts some of the data in perspective. – Keep in mind that the presentor didn’t know about the subprime issues yet at the time…

The Real Estate Bubble and California Economy, Part 1:

Part 2:

Part 3: