Do We Really Need The Banks Money ?

Hello, good people The Resilient Investor is back once more. As I travel around looking at real estate. I hear all sorts of talk from all walks of people in the street and in private settings, about the plight of real estate as an investment vehicle or comments like :I'm afraid to buy, so I guess I'll just rent. I just look at these people and smile. Oh, be still my check book/ cashiers check. So many properties to buy and not enough blank contracts on hand. Folks, like it or leave it this is the big one. The shift of equity has already been placed and no more nose bleed prices. The hand of make sense prices has been activated, so lets go with the flow and not against it. Now we have so many home owners who are upside down as the phrase goes. They owe more to the bank than what their house is worth . What about them?. I feel very strongly that it's our duty as professional investors to combine our prayers, skills, money and resources together as a master mind group and come up with some creative ideas and financing to help these good people. I have always been one of those old school investors who were against using bank funds to finance my real estate purchases, especially since I wasn't in this business just for the money, so I take the long road.I close on one deal at a time using my company's money and not with the banks. Mr Steady Eddie is still here and not having to beg the bank to reinstate my credit line. SMILE.

Beating The Bushes To See What Comes Out

Hello one and all. This is your friend The Resilient Investor back from the real estate front.This is such a great opportunity for us investor folks,especially the full time ones.Why is that you may say?Well because other than the old RTC days( remember that one?) this is the second wave of the perfect storm for real estate investors in my life time.The one where the banks are so eager to work with us ( please, please, please)like the lyrics from a James Brown song.When the market is on the up swing they(the banks) pretty much tell us to take a hike. Don't go away mad just go away. But the real truth is this WE INVESTORS ARE THE MOVERS AND SHAKERS AND THE HELPERS TO THIS INDUSTRY!.That's my story and I'm sticking to it. Now the banks are calling us for help. The step children that were casted a side to help them move the ABUNDANCE of their inventory. It's okay, Mr/Mrs bank I forgive you. But, my offer is still 40 cents on the dollar. Now with all this you still got to do your home work and your Columbo inspections.We make our money in the beginning of the deal and not at the end.Don't get GREEDY, its more than enough for everyone.This is a life style. The one that you eat, sleep and think of all the time. Its a road that we are paving with our blood, sweat and tears and tax write offs along the way. So keep moving, keep building your portfolio and NEVER, NEVER, NEVER GIVE UP!.Until next week,follow up on all leads and return all phone calls.