Comments on: STOP PRESS: Investor Finds Bank-Owned Bargains Galore! http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/ How to make 7 million in 7 years ... Thu, 24 May 2012 01:26:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: AJC http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-634 AJC Fri, 04 Apr 2008 15:46:22 +0000 http://7million7years.wordpress.com/?p=102#comment-634 @ Dick - Thanks for your comment ... if anything, I am a 'boring real-estate investor' buying stuff that seems to make sense at the time, maybe renovating/rehabbing then holding/renting for the long-term. Foreclosure and REO strategies can accelerate IF you do it right ... right? I view this more as a Making Money 201 business (i.e. buying/selling) than an Investment. BTW: I had to remove your links because Wordpress.com doesn't allow any type of 'advertising' ... and the link to your blog was 'broken'. @ Dick – Thanks for your comment … if anything, I am a ‘boring real-estate investor’ buying stuff that seems to make sense at the time, maybe renovating/rehabbing then holding/renting for the long-term. Foreclosure and REO strategies can accelerate IF you do it right … right? I view this more as a Making Money 201 business (i.e. buying/selling) than an Investment.

BTW: I had to remove your links because WordPress.com doesn’t allow any type of ‘advertising’ … and the link to your blog was ‘broken’.

]]> By: Dick Weiss http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-627 Dick Weiss Fri, 04 Apr 2008 10:40:25 +0000 http://7million7years.wordpress.com/?p=102#comment-627 I have been a pre-foreclosure investor for over 5 years and have shifted my business model to purchasing REO's and selling them at below retail prices. This strategy is looking to be very useful in the current environment. As the banks dump more inventory it will only get better. I have been a pre-foreclosure investor for over 5 years and have shifted my business model to purchasing REO’s and selling them at below retail prices. This strategy is looking to be very useful in the current environment. As the banks dump more inventory it will only get better.

]]> By: AJC http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-628 AJC Fri, 04 Apr 2008 02:00:22 +0000 http://7million7years.wordpress.com/?p=102#comment-628 @ RDiN - Not sure ... but, I'd be very surprised if he is paying cash. @ RDiN – Not sure … but, I’d be very surprised if he is paying cash.

]]> By: Robert DiNero http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-629 Robert DiNero Fri, 04 Apr 2008 01:16:30 +0000 http://7million7years.wordpress.com/?p=102#comment-629 Did he mention if he is financing these properties or paying cash etc. Did he mention if he is financing these properties or paying cash etc.

]]> By: AJC http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-631 AJC Fri, 04 Apr 2008 01:04:37 +0000 http://7million7years.wordpress.com/?p=102#comment-631 @ Joshua - It shouldn't cost you anything to have a Realtor acting as a Buyer's Agent (they should split commission with the Selling/Listing Agent), so it could be a good idea! @ Joshua – It shouldn’t cost you anything to have a Realtor acting as a Buyer’s Agent (they should split commission with the Selling/Listing Agent), so it could be a good idea!

]]> By: Joshua H. http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-630 Joshua H. Thu, 03 Apr 2008 23:22:05 +0000 http://7million7years.wordpress.com/?p=102#comment-630 AJC, Thanks, for the advice. I wasn't sure I could get comps on my own or I needed a realtor, so I'll get in touch with one asap. Thanks again, I really appreciate the help. AJC,
Thanks, for the advice. I wasn’t sure I could get comps on my own or I needed a realtor, so I’ll get in touch with one asap. Thanks again, I really appreciate the help.

]]> By: AJC http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-633 AJC Thu, 03 Apr 2008 21:30:19 +0000 http://7million7years.wordpress.com/?p=102#comment-633 @ Joshua - Congrats! Find a realtor who will send you 'comps' (i.e. comparable sales) on condo sales in the area from the MLS; try and find how the market has changed over the past couple of years; do the same with rental 'comps' ... physically look at a number of condos before choosing one. Now, THAT'S educating yourself on the market! Good Luck :) @ Joshua – Congrats! Find a realtor who will send you ‘comps’ (i.e. comparable sales) on condo sales in the area from the MLS; try and find how the market has changed over the past couple of years; do the same with rental ‘comps’ … physically look at a number of condos before choosing one. Now, THAT’S educating yourself on the market! Good Luck :)

]]> By: Joshua H. http://7million7years.com/2008/04/03/stop-press-investor-finds-bank-owned-bargains-galore-2/comment-page-1/#comment-632 Joshua H. Thu, 03 Apr 2008 19:11:14 +0000 http://7million7years.wordpress.com/?p=102#comment-632 AJC. I'm planning on buying a condo soon in Westchester County, NY. Fixing it up a bit and renting it out. I also plan to use the software you suggested to find this property to buy, but how would someone "educate themselves daily on the markey"? I keep an eye on the 30 FMR and am impressed with rates right now but I'm wondering if there's more to this education. AJC.
I’m planning on buying a condo soon in Westchester County, NY. Fixing it up a bit and renting it out. I also plan to use the software you suggested to find this property to buy, but how would someone “educate themselves daily on the markey”? I keep an eye on the 30 FMR and am impressed with rates right now but I’m wondering if there’s more to this education.

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