Want to make a fortune in real estate in 2009?
It's in the most unlikely place you can think of. You are probably going to think I'm crazy, but please hear me out before you click away.
Remember the old money making adage: "Buy Low Sell High". Everyone gives lip service to this obvious truth, but few actually do it. Why? Because prices are low and bargains abound exactly when there is lots of public pessimism about the value of the investment!
Now, it's in the papers and news media virtually every day that the housing index has lost 10% to 30% of its value. Foreclosures, short sales and REO's are going for ridiculous discounts as banks struggle to unload their glut of foreclosed homes. In fact, if you buy these types of foreclosures, you can pick up property at 20% to 40% of market value from banks trying to unload their inventory.
Investors who are buying up these properties now, are going to experience windfall profits when the housing market starts recovering-and it will. We're talking about $50,000 to $100,000 per house (or more!)
So, why isn't everyone rushing in to pick up these properties? Well, besides all the public pessimism, there is one small catch: Banks are not going to lend you the money to buy their inventory. So, in order to buy these properties at enormous discounts, you need cash.
Want to know how to get it?
Show Me the Money
Richard and Michelle Odessey have been working feverishly on a whole new concept in getting the cash to fund the purchases of these discounted properties. It's called the INVESTOR WEALTH NETWORK
It's an opportunity to get the cash to buy up those short sales and REO's at 40% loan to value (or less)-just like the big investors do. Oh yes, it also works for apartments and commercial real estate too.
Richard has organized his years of real estate funding experience and is going to reveal his personal tips and tricks for funding any deal for the first time.
And this is practical advice that any investor can use, even if they've never bought a property, and even if their credit is shot and their bank account running on empty.
How it Works...
What's important to understand is while some people are facing economic hardship, and public lending institutions are restricting credit, there is a whole economy of individuals with private money that are looking to lend it out. These are people who have pulled millions out of the market and are looking for somewhere to place it for high returns.
How to find private lenders and successfully make them investors in your real estate transactions is what the INVESTOR WEALTH NETWORK is all about. It is designed to be a resource for any real estate investor who is looking for a way to fund their real estate deals.
The INVESTOR WEALTH NETWORK is limiting membership, so real estate investors who are interested in expanding their cash funding sources, should look into this resource as soon as possible.
By:Richard Odessey
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