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Robert Allen Ultimate Real Estate System

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Robert Allen Real Estate...

 

Getting Started in Real Estate Investing is Your Passport To The Most Exciting Personal Investment Program Possible. By Applying These Principles with Prudence and Diligence, You Can Open Up to Yourself the World of "Pure Gold," the Exciting World of American Real Estate!

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Robert Allen Ultimate Real Estate System Review 

FREE SPECIAL REPORT -- The 7 Secrets of Extremely Prosperous People

Introducing A Complete Course That will Show You How To Buy Real Estate Nothing Down, Realize Returns
As High As 16% to 50% With Tax Lien Certificates and Purchase Your Next Home or Investment Property For 30% to 40% Below Its True Market Value
With Foreclosure Short Sales.


The Ultimate Real Estate System Features NOT Just One But THREE PROVEN PROFIT Generating Courses.

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Attention Real Estate Investor: Learn the New Investing Secrets in the Post-Bubble Real Estate Era 

You would have to be living in a cave or tucked away on a deserted island somewhere in the middle of the Pacific Ocean not to know that the American real estate market has effectively fallen apart. Real estate investing techniques and strategies that have worked so well and for so long are no longer effective. If you want to continue making money in real estate today, you'll have to adjust your strategies accordingly, or risk being left behind in today's post-bubble market.

short sale is the Solution.

A short sale is nothing more than convincing the lender to accept an amount less than the current loan payoff amount as full payment for a property. Because real estate as we know it has changed so dramatically so quickly, banks are more motivated than ever to quickly unload these properties and get them off their books as soon as possible. The reason for this is really quite simple: Most banks are required to maintain cash reserves of up to six times the retail value of each real estate owned ("REO") on hand. Because an REO is actually a liability and not an asset - and there are so many of them - you have an unprecedented opportunity to simultaneously help a friendly banker as well as yourself.

Here's how it works.

Once you've located a distressed property owner and have convinced them that letting you solve their real estate problem is in their best interest, you'll need to prepare a real estate sales contract (signed by you and the homeowner) reflecting the amount you wish to offer the bank.

In addition, you'll also need some additional documentation for the bank's Loss Mitigation Department: A cover letter that fully explains your offer and the reasons why you simply can't offer full price for the property. If you've properly done your homework, the accompanying documents will help build your case. I'm talking here about area comp sheets, photos of the property that highlight the negative aspects of the property, a hardship letter from the property owner explaining the severity of their current financial situation, as well as a HUD-1 net sheet showing the lender exactly how much money they'll be left with after all expenses - closing costs, taxes, etc. - have been paid.

One last item you'll fax to the lender is critical to your offer. You need to send them a list detailing all needed repairs - and the associated costs - to help your offer seem even more practical. You don't have to tell the lender that the property is falling down. The estimate will do that for you.

Keep in mind: the lender doesn't want property back. You're doing them a favor by taking it off their hands. Because they're in business to make money from interest and not owning real estate, they're not going to try to get as much money as they possibly can from the property. Banks are far more interested in getting REO's off their books and freeing up the cash reserves requirement.

While the bank could conceivably finance the property for you, don't count on it. So be prepared to provide your own financing source either through your own bank or an alternative lending source that you've already lined up.

The new reality in real estate is that there is plenty of money to be made by investors who are prepared to seize the opportunity. Short sales are a great way to do this. As long as the foreclosure rate is rising faster than gas prices, you stand to have an almost unlimited profit potential. You can capitalize on these opportunities when they present themselves by lining up a ready supply of private lenders that are able to provide the cash you need at a moment's notice. Then you can truly build your American Dream.

About the Author:

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, Pa and creator of the Private Lender PowerPoint Presentation Kit. This kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your business. To learn more about this powerful step-by-step kit and receive your FREE Real Estate Wealth Newsletter go to www.RealEstateWealthToday.com.

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Real_Estate_Mike

About Real_Estate_Mike

My name is Mike Lautensack and I was a part time real estate investor up until 2005.  At that time, I became a full time real estate investor as well as started a full service property management company.


I began my business career very similar to many people working my way up through the corporate world and quickly realized that this was not the path to real wealth.


I started investing part time in real estate during 1999 as a way to generate additional sources of passive income. I started to realized that I really enjoyed being involved in real estate and wanted to pursue my new passion on a full time basis.


I am the owner of Real Estate Wealth Today.com which contains an enormous amount of information and advice on how real estate can be used to create wealth and monthly cash flow. You can also join our Real Estate Wealth Newsletter which is a free monthly newsletter that's jam-packed with all the hottest tips, tricks and info about real estate investing and Wealth creation.


I am also the President of Del Val Property Management, LLC Residential Property Management where we provide full service property management services for over 100 real estate investors.


I was recently added as one of the top 50 real estate Guru's by www.GureView.com - to see my to biograhy go to Gure View Mike Lautensack.


My best advice for the small investor is to focus on a small geographic area (less than 5 miles square) and get to know prices and rents in that area better than anyone so you are the "expert" in that area - my business really suffered until I  focused on two small towns and started to know them better than the sellers so I knew when we had a good deal. I believe that a combination of real world experience and reading material from investment experts are important parts of gaining knowledge in real estate investing.

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