Market News & Commentary by Chris McLaughlin, January 28, 2009
http://www.shortsalesriches.com/welcome.html
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It was an amazing night, and one that you didn’t want to miss. It was all about making what is the worst economic environment that best opportunity of your lifetime. We’ve got the replay available for the next 24 hours… go here now to watch it right now:
http://www.webinarwizards.com/custom/index.cfm?id=170879
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In real estate related market news today…
Financial stocks took a turn upward today after the Federal Reserve provided some comfort to those policy wonks that analyze every word they say. The Fed suggested that it would keep the federal funds rate low for “some time.” And the Fed offered some brighter news about the credit markets: “Conditions in some financial markets have improved, in part reflecting government efforts to provide liquidity and strengthen financial institutions; nevertheless, credit conditions for households and firms remain extremely tight,” the Fed said.
The Fed also suggested that it will be a purchaser of treasuries, which would bring down interest rates and hold them low for the time being, an effort that it aimed at stimulating demand for homes and also encouraging refinancing to reduce American’s debt burden and free up cash flow.
The stage coach hit a big ditch on its way to report earnings this week. Wells Fargo reported that it lost $2.83 billion last quarter, and took significant charges as it absorbs its purchase of Wachovia Corp. The bank had made $1.36 billion in the year ago period. The company was not immune to the Bernie Madoff scandal: it took a charge of $294 million for losses related to the multibillion dollar Ponzi scheme.
Now, on to our real estate investing section…
Five Fast Ways to Fund Your Short Sale Empire
Are you an Average Joe just hoping to hang on to your job and making ends meet despite the faltering economy? Have you convinced yourself there is nothing more you can do to better your position in life than just sit by and wait for the other shoe to drop until you join the long lines of unemployment? Fortunately, not only are you wrong but the fact is, you are living in unprecedented times.
For the first time in decades there is now an opportunity to purchase real estate at a fraction of the cost with the benefit of low interest rates. Before you dismiss the idea of building a short ale empire of your very own as something reserved only for those with oodles of extra cash just waiting in reserve take time to keep reading. We will outline five fast ways to fund your short sales empire this year…it’s all you need to get started with the ShortSalesRiches course…
- Skip the New Big Screen for Super Bowl Sunday. Heck, you could be having so much more productive time that you skip the Super Bowl entirely; for less than the cost of upgrading to that extra large LCD or Plasma screen plus the price of beer and party trays you can afford to invest in an education that provides all the information you need to start buying and selling short sale foreclosures and discount real estate.
- Buy a coffee-maker and kick the Starbucks habit. Yes, we know it’s convenient to fall out of bed and buy a sugar laden caffeine rich beverage on the way to work but that extra $5 per day is more than enough to pay for tools and training to start with short sales. If your spouse does the same you might save more than enough throughout the year for a solid down payment along the way!
- Take a gourmet cooking class and eat in once a week. Not only will you save enough money to fund your short sales empire but it’s a great way to spend time with family and friends while eating better at the same time. Your waist-line and wallet will thank you!
- Go to the library once a week. It’s good for your mind and makes a super cheap date. Okay, admittedly this might work better for those of you who are married with children but you can save serious cash by rediscovering your local library. If you haven’t visited for awhile, you will be pleasantly surprised to learn that in addition to books most libraries rent videos, music, games and even have special events like story-telling for the children. Now you can save on media and entertainment while investing your time and effort into something that provides a great rate of return.
- Invest in yourself then pay it back with the profits. Sometimes it just takes a leap of faith; set your goals then give it a try. Pay yourself back with the profits from your first sale.
See you at the top!
Chris McLaughlin
http://www.shortsalesriches.com/welcome.html
It was an amazing night, and one that you didn’t want to miss. It was all about making what is the worst economic environment that best opportunity of your lifetime. We’ve got the replay available for the next 24 hours… go here now to watch it right now:
http://www.webinarwizards.com/custom/index.cfm?id=170879
Copyright Loss Mitigation Institute 2009.
All Rights Reserved.
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Finally, a blog for Real Estate professionals
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us and our market…
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About the author:
Chris McLaughlin is widely known as America’s top
Real Estate Attorney and Investment Consultant.
* As the top Florida foreclosure and pre-
foreclosure expert, he oversees more than
100 short sale & REO closings each month
* Long-time authority on real estate investing
and rapid flipping of distressed homes. Owns
portfolio of nearly 100 high-value, high-profit
properties
* Owner and Supervising Broker of one of Florida’s
largest Real Estate firms, running 5 different
offices, supporting nearly 500 agents, uniquely
positioning him to help thousands of investors
make money in the biggest market opportunity ever!
* Highly sought-after speaker, consultant, and
seminar leader for current trends and hot topics
in Real Estate Investing, Entrepreneurship, and
Wealth Building
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