We had a lot of foreclosures in 2008. We had more in 2009. We had and/or are having even more in 2010. This trend will continue and increase as long as our unbrilliant Congress and the Administration continue to push Lenders to make loans to people who can’t make the payments.Fannie-Mae and Freddy-Mac were disastrous.
Now they are repeating the debacle with FHA. When some Senators were pushing that the FHA program should require buyers to put at least 5% down, Chris Dodd (one of the authors of the Fanny-Mae & Freddy-Mac crash, along with Barney Frank) said, (you won’t believe this) “If you require 5% down, then the only people who can buy homes will be those who can afford them.”
In any case, enough humor. All these foreclosures and impending foreclosures will provide incredible opportunities for Real Estate Investors; even investors or newbie investors who don’t have a lot of cash to invest, or maybe even NO cash to invest. Please review my recent Posts about Lease with Option with Shared Equity! The program shows you how to acquire nice homes in nice neighborhoods which have little or no equity and earning immediate cash and cash flow. The key ingredient to this program is the Shared Equity – which is future equity for the seller who has NO equity now.
Most sellers have a pride problem with the feeling that they are “Giving Away” their property. This can be overcome by giving the seller something in the future when there is equity to be shared.
I refer you back to several continued Posts that we call “The Eddie Nivens Story”. This story will show you how the Lease/Option With Equity Sharing Works. You can find them in my “Investors Corner” on my blog at www.RealEstateJack.net
These posts are the opinion of the author who is not engaged in rendering legal, accounting, or investment advice. If such advice is required or desired, the services of competent professional persons should be sought.
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