To celebrate our new website, and to help us choose a name for our new and improved National Club of Real Estate Investors (NCREI) newsletter we are going to give away TWO Seats at our next Foreclosure Training bootcamp in Los Angeles.One seat will go to the person who chooses a name that we use for our newsletter. It should reflect that NCREI provides Real Estate Investment Training. This certainly includes foreclosures, short sales, and owner financing techniques, but when the market changes again - so will we. So the name should be adaptable and not too long, or focused solely on Los Angeles, or California investing since we also invest out of state. Suggested names can be submitted through our Contact Us link (keeps us from losing track of who suggested what and when in the case of the same submission).
A record high in defaults, foreclosures, and distressed property owners has created an unprecedented window of opportunity for short sale, foreclosure, and owner financing investors. The window is there, but you must go and open it. I think that your mind set, perception, and motivation are the most important factors in taking advantage of these unique market conditions.
UCLA released the latest UCLA Anderson Economic Forecast today and ‘Gasp’ it shows that we are in danger of slipping into a recession. They are also expecting home prices to continue sliding. This is not a surprise for any of our investors - NCREI has been urging investors to prepare for the inevitable for the last few years. I sold my personal residence about 18 months ago to a zero down buyer - it is now in foreclosure, and priced about $100k less than I sold it for - and I can tell you I was desperate at the time to sell, because I knew what was coming.