Real Deal REInvestor Network

I am asked regularly by those not involved in our business my opinion about the current foreclosure crisis & how long do I think it may last.  Many are simply curious to know if  their  property value will continue to decline, while others wonder if  an end to this madness is in sight. I share this blog written by my friend Carrie as I could not have put it any better.   For those of you in this business there is certainly "Blood in the Streets" so I ask you:  Are you standing still or will you take advantage of this mess & turn it into a Harvest?

Foreclosure Woes to Plague Industry for at Least Five Years: Survey

By: Carrie Bay 10/03/2011

A new quarterly survey of bank risk professionals from FICO paints a decidedly pessimistic picture of housing's future. The company describes its latest results as a reversal of the growing optimism seen in late 2010 and early 2011.

The survey, conducted for FICO by the Professional Risk Managers' International Association (PRMIA), shows that bankers expect delinquencies on consumer loans to rise, underwriting standards to become stricter, and the housing sector to continue struggling far into the future. Among the 188 risk managers surveyed, 73 percent believe mortgage defaults and foreclosures will remain elevated for at least five more years.

Furthermore, 46 percent of respondents expect mortgage delinquencies to increase over the next six months, while only 15 percent anticipate a decline in mortgage delinquencies over the same period.

The negative sentiment among banks' risk professionals also extended to property values. When asked if housing prices nationally would climb back to 2007 levels before the year 2020, 49 percent of respondents said no. Just 21 percent said yes.

"Housing has been an enormous drag on the economy for over three years as U.S. households lost trillions of dollars in equity," said Dr. Andrew Jennings, chief analytics officer at FICO and head of FICO Labs. Data from the Federal Reserve shows that between 2005 and mid-2011, Americans lost $7 trillion in home equity.

"While the housing sector will almost certainly gain strength during the next nine years, many bankers clearly believe prices will remain depressed for half a generation," Jennings said. "This puts the devastation of the housing crash into perspective."

 

There are several skills that need to be acquired in order to become a successful real estate investor, one of which is funding your real estate investments. This is a skill that needs to be learned early on. It should be practiced and perfected, so you can take advantage of any opportunity that comes your way. Real estate education is more than books and videos; some skills must be learned with a hands-on approach in order to develop and perfect them.

Learn By Doing While learning through book instruction is needed to learn the basics, locating funds is a skill better learned by doing it. There is an art to finding money; contacting people, and asking them to work with you. Many real estate investors fail because they do not have the skill set to locate money, and while they may be able to find every bargain under the sun, if they don’t have the financing to back them up, these bargains are useless to them. Locating Funds The first place to start is the obvious -- local banks, as many locally owned banks have programs for real estate investors. You will need to contact several banks and mortgage companies to inquire about their terms for investors. If you are turned down, move on to the next one. This may be discouraging in the beginning, but persistence will prevail in the end.

Are You Ready For A Loan? Before you even start applying for loans, you have to make sure that you have all of your ducks in a row. Check your credit score and make sure that there are no hidden surprises. When you apply, make certain that you have filled out the paperwork correctly and you have all the necessary documents in order. Sometimes the reason for being rejected is not your credit score, but incorrect document preparation.

Other Loan Sources When banks say no for whatever reason, you have to be creative and start thinking outside the box. Consider other possibilities such as bank lines of credit, owner financing, investor loans, Subject To, Hard Money, etc. Your goal should be to invest without spending your own money. Even if you get a loan from a financial institution that doesn’t cover the entire cost of your deal, don’t let that stop you, look for other sources to make up the difference.

They say practice makes perfect and once you start practicing, you will become an expert in finding funds for your projects. Your real estate education is a never ending process. The rules of the game change all the time and you have to be prepared to change with them if you want success in the real estate business. Money is always available, even now during these tough economic times; you just have to know where it is and how to get it.

Dominick Corey / www.CherryPickReos.com / Cherry Pick Reo's

It all began on a Friday afternoon at DIA (Denver International Airport) not a cloud in the sky, and what
a perfect day to celebrate my born day, a change in routine, getting out of town, and as I see it not a thing could
stand in my way.
 
I eventually touched down at LAX about 10:00pm local time (after spending most of the afternoon in the airport)
Not complaining though, you really do have a chance to meet some interesting people from all walks of life in the airport. 
So I got lots of practice with my elevator speech or is it the moving walkway SPEECH, I forget.

Anyway as soon as I touched down I called my buddy Anthony "No Nonsense" Silva to whom which I was bunking with, him and his
lovely wife were awesome! Dave Turner & Jonathan Grieve were our next door neighbors, you would have thought we were in a college dorm how well we got along, it really was such a pleasure
to meet them, and as you all can tell they are fun loving people who treated me so well on my birthday weekend. We all met up at
a lounge called "The Standard" decent place, but I'd like to see the real footage on that roof top that didn't make it online.

The following Saturday morning it was on...the event was in full effect! We started off with a breakfast of champions, before our leisurly
walk through downtown LA to the magnificent California Market place, the facililty where our training was being held. The building itself
was top notch, a secured location. Once we arrived we all started contributing to getting the suite ready for our guest,too which you all did
a stellar job at attracting some quality people that attended.

I believe Sam opened up with an introduction built for kings, I missed it because I was manning the doors to guide the guest to the correct
suite. But once Rick Melero got up there I did not want to miss a moment, it was truly intense. If any of you are still skeptical at this point,
please believe that these people at HIS Real Estate Network are indeed "The Real Deal" and good at what they do!

Rick broke down there complete business model, which is structured like nothing I'd ever seen. He really got down to the nuts and bolts
of their business. (Or should I say the meat & potatoes) He provided so much valuable content, and great ideas that anyone could
simply and easily implement in the their business immediately.  Well...  everything but the infamous property evaluation program, thats
not for sell, but everyone sure wanted a copy.

Once we took the first break, that was the moment, it was time to network and exercise that elevator speech.  I met some really good people
and some definitely worthy of making it into my book of business. My partner Arnold Castillo was handling the A/V the entire event, while
Mister Craig Koroto got some really interesting testimonials from the audience. Toshi Endo took most of the lovely photos you all so eloquently
commented on in FB. The rest of our team was casually engaging the guest, and of course after the crowd had just mere morsels of information,
everyone wanted to surround Rick Melero with intrigue and awe! He really handles attention well. (We missed you too Danny, and the way you make
people feel warm and fuzzy inside)

We broke for lunch like a football huddle at halftime, everyone seemed excited to exchange notes and review what they had just been presented.
There is some really interesting quick lunch spots to eat in downtown LA, some better than others of course, but much thanks to Adrian
we would have been lost without you buddy, we ate good the whole weekend. After we returned it appeared as if our guest were anxiously awaiting
our mentor to throw them another scooby snack of info, it was great!

By the time Sunday evening arrived, I think its safe to say everyone was mentally and physically exhausted. No clubbin' for us,
(karoke or otherwise) simply dinner and spirits as you can tell in our illustrations. At the end of that meal I got the biggest and best
surprise of all, I was the 500th customer of the day and my meal was comp'd.  What a way to end my birthday weekend, I almost broke down
in tears. Thank you Mister and Misses Silva, you had me completely baffled!!! LOl

If or should I say when I encounter anyone that ever questions an HIS events authenticity, they'd be a fool not to attend. Theres no other
so-called Real Estate seminar like it on earth! (And I feel like, I've wasted money on quite a few)

SO YOU CAN THINK ONCE, TWICE, THREE TIMES AND YOU'LL COME UP WITH THE SAME CONCLUSION, YOU GOTTA MAKE YOUR WAY THERE...

In the book “Acres of Diamonds” by Dr. Russell Conwell, you will find an inspirational story of an extremely successful man who came from a poor economic background. He is not very famous but once you take a look at what he has done you will wonder why he wasn’t famous. Dr. Russell Conwell talked about how we must begin where we are & what we are in order to advance to the next level. The biggest obstacle I feel that we face is ourselves. If we don’t improve ourselves in the inside, how are we going to improve the world? The thoughts that we think about the most will ultimately dominate our focus to the point where our reality is created. Dr. Russell Conwell was a great leader because through out his whole life he was always recognized as a person of righteousness. A New Yorker man who was head of a great corporation mentioned that Dr. Russell Conwell has done more good than any man who has lived since Jesus Christ. Can you imagine that? I noticed that his work ethics were above admirable (16 hour every day!). He used a sword that was symbolic to him to remind him of his WHY. The sword it self has a story of its own, but I find it remarkable the way he used this sword to impact the world the way he did. Through out his life he was always known of being a great leader. He empowered others & had the ability of communicating very effectively. Out of all of the accomplishments that he did, what I find the most fascinating is the fact that he thought of money as an instrument for helpfulness! For example, the money he made from his speeches of “Acres of Diamonds” was given in form of a scholarship to a student of need to advance their studies. This impacted me the most because his action of helping others with his talents is truly impressive. He would also help the poor families in the churches by giving them food. I feel that God blessed this man so much because his actions were geared towards helping others. What are you doing to help make the world a better place to live in? What will your legacy look like?

 

 

 

 

"Acres of Diamonds" A book review by Sean T. Brown

Is it not true that only the really great writings can stand the test of time? Although this story may seem
ridiculously simple, it is the lesson behind it that is mans continuous folly and will forever keep it revelant now
and beyond our years.

It is a classic story of a farmer disgruntled with his yield, wanting so desparatley to figure out another way to
improve his life beyond his current condition. He becomes frustrated with his land and decides to sale it for pennies
in comparison and packs up to wander his country in search of riches else where. Upon exhausting all his resources,
apparently eluding riches at every turn, he finds himself desolate, indigent, his spirit broken and decides to take
his own life, never to realize him farm was full of "Acres of Diamonds."

This story touches home for me because as an entrepreneur at some point or another we have all been struck with the
"shiny rock" sydrome. Meaning I have spent countless hours at seminars and courses chasing what I thought to be the
next best money making opportunity, only to find out if I would have dug in a little deeper I was only a few feet from
from gold or diamonds.

We all have our skepticism, however I have been proven wrong on a number of occassions, where I took a leap of faith
only to be revealed that I was surrounded by everything I needed, just when I thought it could never be so.
This vision, this third eye if you will, is always open, without practice and conscious effort we have a tendency
to ignore what is right beneath our feet.

I highly recommend reading this e-book, for it is a good reminder that we should first look within before we end up without!

Get your copy here:

http://hisrealestatenetwork.com/Dr.-Russell-Conwell-Acres-of-Diamonds-Free-Ebook.pdf

Sean T. Brown

Millionaire in Training

www.mmmchallenge.com

www.realdealcommunity.com

Acres Of Diamonds Book Review

A classic writing from Dr. Russell Conwell

 

While Dr. Conwell was a man of variable traits and successes, he had a high esteem for his follow man and teaching others to be successful through his habits and life experiences. I believe he felt all men and women could be successful if only to use the tools at their hands, learn from their experiences, not overlook the obvious, keep their focus and wits about them. Are these not the traits we are learning in the Challenge?

 

Dr. Conwell talks of many who over looked riches and wealth they had right in front of them for the bigger over-all picture of wealth they were pursuing. Most tried so hard to find the things they wanted, they never managed to reach their goals. Had they looked at the smaller picture, focused, and used their resources better, they could certainly have achieved their overall goals.

 

He also alludes to the fact that man or woman must learn to earn. That by being given the silver spoon, so to speak, not many if any, have ever sustained. By learning the value of hard work and money, one can truly appreciate the fruits of their labor and success, but not without. Not knowing true value of their wealth in most instances has only lead to failure in the end.

 

Conwell emphasizes that to do well in business, as well as, life in general you should know your audience. By this I mean to get to know the people you will supply with product or service. By determining need and knowing the person/s with which you want to do business you can not help but be successful. Is this not another of the teachings we have been shown throughout our apprenticeship here...learn to show 'Value'. When value is shown to others first, they will want to know more about us and perhaps, most likely do business with us if our criteria meets their needs or refer us to others that may be looking for our services.

 

I found Dr. Conwell's book quite interesting and it made me think quite a bit about my life, where I have been and where I am headed. It makes me wonder 'what if ' or perhaps 'what have I overlooked or taken for granted' ? Maybe where I should have 'zigged' instead of 'zagged'. It makes me wonder why I have not had the success I have surely thought I would have. It has enlightened me and presented me with findings that surely will have an impact as I move forward and continue to grow. Surprisingly, or perhaps not so much so, it causes me to see the values that the mentors of this great program are attempting to bring forth from us all. The qualities they are trying to instill within us as we move forward with our over-all lives. And, as in the past, there is certainly a method to the madness. :)

 

And since some who read this over time may not really realize the process or metamorphoses to which I have been exposed, just know that to take the time to read this book can hopefully put you on the same path. The teachings that Dr. Conwell exposes can be both eye-opening and contagious to your overall success if digested properly. So go to the link provided and take the time to read this magnificent, timeless work of art and learn where your 'Acres of Diamonds' is hidden before you go throughout life looking for something that is right in front of, or perhaps even under, you.

 

You can download the book here for free:

http://hisrealestatenetwork.com/Dr.-Russell-Conwell-Acres-of-Diamonds-Free-Ebook.pdf

Dr. Russell Conwell, author of Acres of Diamonds, was an amazing man, with a true sense of purpose and passion.  Though he lived under the radar, his legacy is hard to miss.  Though pulled in many directions, life was a continuous flow for him as he focused on one thing at a time, and truly cared about those he met along the way.  People loved and revered him.  He delivered selfless service with a dedicated persistence that motivated masses and manifested his many visions. Conwell had big visions, held the space for manifestation, and knew that they would.  He had the faith of a mustard seed, and knew that nothing was impossible.     

Conwell enthusiastically and continually invited people to step into their greatness and open to the possibilities.  There was no need to leave home… start where you are planted.  The “acres of diamonds” are awaiting you.  Conwell knew the power of starting where you stand, as you are, and holding fast to the vision, knowing that the vision is already complete in spirit.   Symbolically, his reference to digging in your garden represents going within for your spiritual gifts and inspiration that would lead you to your next idea, vision to serve.  Conwell said greatness consisted of “doing great deeds with little means and the accomplishment of purposes from the private ranks of life”.  He lived service, continually asking himself how he could solve problems that would make life better for the planet.

The totality of this reading about, and by, Conwell resonated with me.  He was in the world to do all the good he could, as I am.  We hold the same values, and work ethic.  He was real and humble as he worked tirelessly, ceaselessly to make the world a better place.  People were programmed for success in his mind and he held high regard for all.  Conwell especially liked to encourage those with little means to better them selves when they held great desire to do so, thus was Temple University born.  He believed in people investing in them selves, liked to help, but not make it too easy to attain desires.

Conwell was a master at discovering true needs and then putting a plan into action to meet them.  He started his ventures small, i.e. his hospitals, based upon need, and with great faith, created the energy and leadership to take people, systems, and situations to a greater good.  He worked from a place of ‘service’, not expecting any thing in return.  He definitely stepped out on faith, and in the eleventh hour, and no sooner, was his needs so oft met. 

Conwell held to spiritual principles and continually called him self and others to evolve and grow.  He held that prosperity was within every one’s reach, and, their duty.  Honestly making money was gospel to him; it is wrong to be poor.  Conwell knew you could do more good with money than without it.  For me, money is equivalent to meeting needs and being a greater philanthropist.

In so many ways, Conwell’s approach to life and business reflect mine.  There were points in the reading that brought tears to my eyes as the Truth jumped out at me and brought back memories of persistence in the face of obstacles, and then overcoming.  At this point as I travel my journey, I continue to hold my vision, the mission I am here to accomplish, in all that I do despite the long hours, and that which would pull me off track.  In all I do, I serve people and seek to empower them into their greatness.  Real estate serves people who need homes, and communities that need to provide a stable life for its inhabitants.  Safe housing and businesses are such a basic need.  Those in the housing distribution channel have needs to be met so that the end housing product can be delivered.  

As I speak publicly, I call individuals and businesses to step into their power, to create anew, to tap their inner wisdom, to use their gifts and talents.  As Conwell was, I too have been called to speak to the masses and have left life works in order to follow the calling.  

The message that Conwell carries is as relevant today as when he lived years ago.  And, it is mine to carry.  It is ours to carry.