Fords, NJ – David “The Diamond” Oswald, a top real estate investor and personality announced a short sale seminar that is being held at The Best Western Palace Hotel at 1050 King Georges Post Road in Fords (Woodbridge), NJ 08863 on Saturday, January 31, 2009 at 10 am until 12 noon on discovering the quickest ways to turn a profit in the world of real estate and short sales.
This event is the latest installment in a series of workshops that Oswald has hosted over with a goal to provide everyone with the information they need to succeed. The primary aim is to introduce attendees to the world of real estate as an investment vehicle and to provide a step by step education on how to get started with little or no money by locating motivated sellers.
These workshops were created out of a sincere desire from “The Diamond” to introduce individuals to the idea of getting out of the rat race and moving into a world where the desires of their heart are attainable. “I speak to so many individuals who are under the false belief that they don’t have a choice in the matter,” says Oswald, CEO of Rivers of Income LLC. “Frankly, they do have a choice but it’s up to them to take that first step. I try to make that step a bit easier.” This event will lead into a 2
Day Seminar in Somerset, NJ on February 28th and March 1 that will give all the info needed to succeed in today’s hottest market.
One of the chief goals of the seminar series is to take the aspects of the misunderstood arena of creative finance and present it in a simple and down to earth method that creates a sense of clarity. “Anyone who attends the seminar will walk out with at least 3 or 4 new ideas on how to create wealth,” says Oswald. “In less than an hour and a half, I’ll be able to show someone the so-called secrets of what goes on.”
The cost of the event is FREE of charge and it promises to be a great opportunity to network as well as get some entertainment and education. “One of the main things that prevents people from getting started in any new venture seems to be a lack of time,” says “The Diamond.” “So I wanted to create a means by which anyone could get their time back by outsourcing a lot of what they are currently doing. That way they could make it happen because it doesn’t happen by itself.”
Please forward this release to any contacts you may have that would be interested in attending. We look forward to seeing you there and make sure to check out http://www.DavidOswaldOnline.com for free coaching calls and information.
To RSVP NOW email us at: info@riversofincome.com
Thursday, January 29, 2009
Tuesday, January 27, 2009
Overcoming Burnout
I almost thought twice about writing this article here about burnout because I have to confess...I haven't had any feelings of burnout for over 3 years. But then I thought to myself, well that would be reason enough to write on the subject, right? So here goes...
By the way, this article was inspired by individuals who have responded to other articles I've written and have expressed these feelings of constantly being busy. So I wanted to take a minute and tell you how I've overcome burnout. I remember around 2003 when I was in the mortgage industry and working very hard, you know the 12 hour days, the endless phone calls, the constant follow up on details. The one rewarding thing about that time was that I was making good money by doing so. But what some of us are experiencing right now is that we are doing all those things and not even making the good money in return. So it's a feeling of double burnout I would imagine.
Here's what I did...during that time when I was working very hard I first thought that there has to be a different way to do it. I then convinced myself that there was a way to do it without working so hard. So I guess you can say the first step is to simply believe. Once you actually believe it within the core of who you are, you will then start to look for evidence that it is real. I started to look for others who didn't seem busy...and I found some (not a lot, but some!). From there I started to ask them questions and simply listen. I did not listen through the lens of my own thoughts or beliefs; I would just simply listen. What I found was that they had put their own egos aside and got rid of the belief that "they need to do something themselves" because they could do it better or they "didn't have time to train someone else."
My point is this....if you refuse to allow others the responsibility and even the pleasure (believe it or not) to be included and a part of what you are doing, then you deserve to work hard and often. You've actually made your own bed. However, if you can include others, compensate them for the value they bring and create a team that doesn't revolve around you and your ego, then you're on the right path. Think about this, if you are known as a hard working person, you are probably going to attract more of what you're good at...which is nothing other than....hard work. It becomes a never ending cycle. But if people don't associate you with working hard, then you won't be the recipient of that work. Sounds weird, right? Sometimes the truth is a little different, not harder, just different. If you would like to pick my brain further, feel free to reach out. I'm going back to bed...your man...The Diamond.
David Oswald (aka 'The Diamond') is a National Real Estate Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to www.DavidOswaldOnline.com
By the way, this article was inspired by individuals who have responded to other articles I've written and have expressed these feelings of constantly being busy. So I wanted to take a minute and tell you how I've overcome burnout. I remember around 2003 when I was in the mortgage industry and working very hard, you know the 12 hour days, the endless phone calls, the constant follow up on details. The one rewarding thing about that time was that I was making good money by doing so. But what some of us are experiencing right now is that we are doing all those things and not even making the good money in return. So it's a feeling of double burnout I would imagine.
Here's what I did...during that time when I was working very hard I first thought that there has to be a different way to do it. I then convinced myself that there was a way to do it without working so hard. So I guess you can say the first step is to simply believe. Once you actually believe it within the core of who you are, you will then start to look for evidence that it is real. I started to look for others who didn't seem busy...and I found some (not a lot, but some!). From there I started to ask them questions and simply listen. I did not listen through the lens of my own thoughts or beliefs; I would just simply listen. What I found was that they had put their own egos aside and got rid of the belief that "they need to do something themselves" because they could do it better or they "didn't have time to train someone else."
My point is this....if you refuse to allow others the responsibility and even the pleasure (believe it or not) to be included and a part of what you are doing, then you deserve to work hard and often. You've actually made your own bed. However, if you can include others, compensate them for the value they bring and create a team that doesn't revolve around you and your ego, then you're on the right path. Think about this, if you are known as a hard working person, you are probably going to attract more of what you're good at...which is nothing other than....hard work. It becomes a never ending cycle. But if people don't associate you with working hard, then you won't be the recipient of that work. Sounds weird, right? Sometimes the truth is a little different, not harder, just different. If you would like to pick my brain further, feel free to reach out. I'm going back to bed...your man...The Diamond.
David Oswald (aka 'The Diamond') is a National Real Estate Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to www.DavidOswaldOnline.com
Wednesday, January 21, 2009
The Mechanics of Real Estate Short Sales
While you may have an idea of what real estate short sales are, you knowledge may just stop there. When it comes to putting one together, you can find that you do not know where to start. The various parties to the transaction have to be brought into agreement, and the short sale necessarily involves more effort than a simple purchase of a house. So, let's discuss the mechanics of the real estate short sale.
With the increase in foreclosures over the past year, there is no shortage of houses that could be suitable candidates for a short sale. What you need is a house where the lender does not expect to be able to recover all his money from selling it after a foreclosure. The homeowner will often be getting desperate, and you may find that you need to educate him/her on how a short sale benefits them, as compared to going through a foreclosure. Having a foreclosure on one's credit record can be devastating, making it very hard to every own a home again.
The cooperation of the homeowner is essential, and incidentally this is one of the benefits for you compared to buying a foreclosure. Often, angry owners whose houses are being repossessed will take out some of that anger on the house before moving out, damaging the property and sometimes even taking and selling the air-conditioning units and other items. In a cooperative short sale environment, you should not face the same problem.
Once you have found a house that you would like to try to buy at a short sale, you will need to put together an offer that you hope the lender will accept. Although you may have your own idea of the value, or access to sales records in the area, it can help to get a Broker Price Opinion, or BPO, for the property you are interested in. This will show the lender that you are serious, and also give him a third-party basis on which to assess your bid.
With the owner's consent, and the necessary forms, you can approach the lender officially and submit an offer for the short sale. Then all you have to do is wait for an answer from the lender. Unlike a normal house purchase, when your offer is accepted or declined within a day or two, it can take a few weeks for the lender to process and approve a short sale.
If you have the patience and knowledge to go through with a real estate short sale, you will find it can be one of the best ways to buy properties in the current real estate market.
We'll talk again soon,
David Oswald (aka “The Diamond”) is a National Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to David Oswald Online.
With the increase in foreclosures over the past year, there is no shortage of houses that could be suitable candidates for a short sale. What you need is a house where the lender does not expect to be able to recover all his money from selling it after a foreclosure. The homeowner will often be getting desperate, and you may find that you need to educate him/her on how a short sale benefits them, as compared to going through a foreclosure. Having a foreclosure on one's credit record can be devastating, making it very hard to every own a home again.
The cooperation of the homeowner is essential, and incidentally this is one of the benefits for you compared to buying a foreclosure. Often, angry owners whose houses are being repossessed will take out some of that anger on the house before moving out, damaging the property and sometimes even taking and selling the air-conditioning units and other items. In a cooperative short sale environment, you should not face the same problem.
Once you have found a house that you would like to try to buy at a short sale, you will need to put together an offer that you hope the lender will accept. Although you may have your own idea of the value, or access to sales records in the area, it can help to get a Broker Price Opinion, or BPO, for the property you are interested in. This will show the lender that you are serious, and also give him a third-party basis on which to assess your bid.
With the owner's consent, and the necessary forms, you can approach the lender officially and submit an offer for the short sale. Then all you have to do is wait for an answer from the lender. Unlike a normal house purchase, when your offer is accepted or declined within a day or two, it can take a few weeks for the lender to process and approve a short sale.
If you have the patience and knowledge to go through with a real estate short sale, you will find it can be one of the best ways to buy properties in the current real estate market.
We'll talk again soon,
David Oswald (aka “The Diamond”) is a National Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to David Oswald Online.
Thursday, January 15, 2009
What Is A Real Estate Short Sale?
You may have heard a lot recently about the so-called “real estate short sale.” You may also have asked yourself: “what is a short sale?” Certainly, with the increase in mortgage delinquencies and foreclosures, there have been many more short sale investing opportunities.
A short sale is sometimes called a pre-foreclosure sale, and that describes one aspect of it. It is a house sale that takes place before foreclosure is completed, and thus it avoids the property going into full foreclosure. The reason it is called a “short sale” is because the money paid for the house is short of the amount that is owed on the mortgage.
You may be wondering why any lender would agree to such a deal. After all, they are legally entitled to get the whole outstanding amount that is owed on the mortgage. The way they would normally do this is by foreclosing on the house, and then selling the house for more than the debt. However, normality has taken a backseat recently, with the plummeting house prices, and many houses are not worth the amount that is owed on the mortgage.
As a result, the short sale may be the practical answer for the lender to minimize his or her losses. It has been calculated that every house which goes to foreclosure costs the lender more than $50,000, with legal costs, the paperwork and the reselling, etc. If the lender can instead sell the house for a little less than is owed, he may find that an attractive proposition. It also provides money for him more quickly than foreclosing, and then trying to sell the property.
In case you were thinking that this is a good way to pay less for your house than you owe on a mortgage, then you should be aware that a real estate short sale can only be made to an unconnected third-party, and not to your Uncle Charlie who could then sell it back to you and thereby reduce your debt. The advantage to the present owner is that he can avoid foreclosure and consequently he ends up with less of a blot on his credit record. From the standpoint of those looking at getting into short sale investing, it represents a way to make a significant income per actual dollar invested.
Till next time,
Dave Oswald
David Oswald (aka 'The Diamond') is a National Real Estate Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to www.DavidOswaldOnline.com
A short sale is sometimes called a pre-foreclosure sale, and that describes one aspect of it. It is a house sale that takes place before foreclosure is completed, and thus it avoids the property going into full foreclosure. The reason it is called a “short sale” is because the money paid for the house is short of the amount that is owed on the mortgage.
You may be wondering why any lender would agree to such a deal. After all, they are legally entitled to get the whole outstanding amount that is owed on the mortgage. The way they would normally do this is by foreclosing on the house, and then selling the house for more than the debt. However, normality has taken a backseat recently, with the plummeting house prices, and many houses are not worth the amount that is owed on the mortgage.
As a result, the short sale may be the practical answer for the lender to minimize his or her losses. It has been calculated that every house which goes to foreclosure costs the lender more than $50,000, with legal costs, the paperwork and the reselling, etc. If the lender can instead sell the house for a little less than is owed, he may find that an attractive proposition. It also provides money for him more quickly than foreclosing, and then trying to sell the property.
In case you were thinking that this is a good way to pay less for your house than you owe on a mortgage, then you should be aware that a real estate short sale can only be made to an unconnected third-party, and not to your Uncle Charlie who could then sell it back to you and thereby reduce your debt. The advantage to the present owner is that he can avoid foreclosure and consequently he ends up with less of a blot on his credit record. From the standpoint of those looking at getting into short sale investing, it represents a way to make a significant income per actual dollar invested.
Till next time,
Dave Oswald
David Oswald (aka 'The Diamond') is a National Real Estate Short Sale and Foreclosure Expert who speaks throughout the United States on Creative Real Estate Investing Strategies. For more information, go to www.DavidOswaldOnline.com
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