Boomer’s Blog

Did you know that you can easily get great properties  for below .50 cents on the dollar in any market conditions? With probate investing, the sky — and your imagination– are the only limitations to unleashing your true  potential to build massive profits in your real estate business.

Probate Investing Gives You Multiple Options & Exits from Your Deals

Simply put, probate is the legal process of liquidating an estate’s assets after debts and creditors have been satisfied. With probate property investing, you’re easily getting properties for $.50 - $.60 on the dollar. And there are many viable options for maximizing your profits in the transactions that follow. With probate properties, you can flip, do lease options or rent your investment property to secure your cash flow until the inevitable market correction ups the prices — and profits for your business.

The Trick is Getting a Great Probate Property List & Getting the Work Done-for-You

One of the things we’ve found at SalesTeamLive, and that I’ve heard again and again on the real estate investing circuit, is that Probate Investing is one of the hottest strategies out there, and one that is especially well-suited  for finding a path to profits in down markets. We’ve found that about 60 percent of all of the houses that are in probate have lots of equity in them.  And when it comes to tapping those markets, we’ve got you covered.

Since there is no national data provider for probate investing lists, I decided to create one for members of SalesTeamLive to use in their Done-for-You marketing campaigns. The response has been tremendous, especially in recent weeks. (For more information about this awesome way to make your probate deals happen without study or work, visit SalesTeamLive’s Probate Campaign page.)

Probate’s Nuts & Bolts: Meet the Guy Who Wrote the Book

If you want to take the time to study up on this real estate investment strategy that’s rock-solid and steadier than a world-class surgeon’s hand, you should also look to legendary straight-shooting probate investing legend Ron Mead. He has all the training you need to get started for less than it costs to check a  bag and have a beer and some peanuts when you fly the not so friendly skies.

Ron’s book on probate property investing, “31 Days to Profits in Probate Real Estate,” conveys his wealth of experience and knowledge in concise, plain English. Ron will be the first to tell you that he’s no professional author, but his experience with the U.S. military, where “there is a manual for everything,” Ron says, prompted him to write some manuals of his own.

Ron is no stranger to the world of real estate investing. He has been an active real estate investor and entrepreneur for 29 years, and has specialized in probate for more than a decade. Ron got his real estate license in 1979, and became a licensed real estate broker in 1993.

Building on his degree in Business Finance and his reputation as a no-nonsense, wealth-building real estate investor and teacher, Ron has written books on personal finance, probate property investing and creative real estate financing. He’s also gotten considerable buzz in the industry through the real estate investing seminars he’s been conducting for the past decade. He’s accomplished all this, in addition to actively running his own probate property investment business.

Implementing Ron’s techniques may require a bit of up-front time to ramp-up, but when the deals start to hit, your momentum and lack of competition likely will leave you wondering why you didn’t try it sooner. As Ron says, ”There’s just enough work involved here to weed out the tire kickers.” By putting in the effort, Ron assures that you’ll be “handsomely rewarded.” And isn’t that what this business is all about?

Folks, I’ve spent more than $100,000 on real estate training in the course of my career, and I’ve got to tell you that Ron’s entrepreneurial epic “31 Days to Profits in Probate Real Estate,” is better than many of the systems I’ve paid for, and available at a tiny fraction of the price.

Check out my review of Ron’s book in the Resources section of GaryBoomershine.com, and Enjoy!

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If you’re looking for a real estate investment strategy that’s rock-solid and steadier than a world-class surgeon’s hand, you should take a look at investing in probate properties. And especially if you’re sticking to a tight budget (and who isn’t these days?) legendary straight-shooting probate investing legend Ron Mead has all the training you need to get started, for the price of a tank of gas for your car.

Simply put, probate is the legal process of liquidating an estate’s assets after debts and creditors have been satisfied. With probate property investing, Ron says, you’re easily getting properties for $.50 - $.60 on the dollar. And there are many viable options for maximizing your profits in the flip transactions that follow.

Ron’s book on probate property investing, “31 Days to Profits in Probate Real Estate,” conveys his wealth of experience and knowledge in concise, plain English. Ron will be the first to tell you that he’s no professional author, but his experience with the U.S. military, where “there is a manual for everything,” Ron says, prompted him to write some manuals of his own.

Ron is no stranger to the world of real estate investing. He has been an active real estate investor and entrepreneur for 29 years, and has specialized in probate for more than a decade. Ron got his real estate license in 1979, and became a licensed real estate broker in 1993.

Building on his degree in Business Finance and his reputation as a no-nonsense, wealth-building real estate investor and teacher, Ron has written books on personal finance, probate property investing and creative real estate financing. He’s also gotten considerable buzz in the industry through the real estate investing seminars he’s been conducting for the past decade. He’s accomplished all this, in addition to actively running his own probate property investment business.

Implementing Ron’s techniques may require a bit of up-front time to ramp-up, but when the deals start to hit, your momentum and lack of competition likely will leave you wondering why you didn’t try it sooner. As Ron says, ”There’s just enough work involved here to weed out the tire kickers.” By putting in the effort, Ron assures that you’ll be “handsomely rewarded.” And isn’t that what this business is all about?

Folks, I’ve spent more than $100,000 on real estate training, and I’ve got to tell you that Ron’s entrepreneurial epic “31 Days to Profits in Probate Real Estate,” is better than many of the systems I’ve paid for, and available at a fraction of the price. Read my review of Ron’s book in the Resources section of GaryBoomershine.com.

Sign up my “What’s Working & What’s New” monthly and special reports and you’ll be among the first to learn about a Webinar I’m planning to hold with Ron in the near future for members of the GaryBoomershine.com community.

Where else can you learn how to find and flip distressed real estate using just your laptop and cell phone but on GaryBoomershine.com? If you missed my dynamic conversation with Virtual Wholesaling pioneer Cris Chico last week, we’re offering you a second chance to learn what the experts already know about this innovative strategy to generate awesome returns on your real estate investment (ROI) dollars today.

Now Available by Popular Demand
If you’ve joined the GaryBoomershine.com community by signing up up for my “What’s Working & What’s New” monthly and special reports, or if you’re a SalesTeamLive member, chances are good that you’re among the hundreds of real estate entrepreneurs who listened in awe last week as Cris told his his story and revealed the secrets behind how he made his real estate fortune. Using his own system, Chris went from having his sports car reposessed, to flipping 116 properties and making more than $1.4 million in profits in just two years.

Because I’ve heard from so many folks who were unable to listen in on our live Internet broadcast last week, I’m posting the call online for those of you who missed out on this awesome opportunity to learn how to make real money in virtual real estate wholesaling using just your laptop and a cell phone.

Emerging Opportunities to Cash in on Distressed Real Estate
Wholesaling is one of the hottest investment options today for real estate investors seeking to crack the code on generating fast cash while investors in other sectors are loosing their shirts. With wholesale real estate deals, investors place a property under contract and then assign the deal to another buyer who closes in the investor’s place. Because real estate investors usually never put any money down or close on the property, risks are minimized and profits are immediate.

Cris’ Virtual Wholesaling system takes the wholesaling process to the next level by leveraging technology to laser-target wholesale investment properties in any market real estate entrepreneurs choose to penetrate. (Read my full review: “Virtual Wholesaling with Cris Chico.”)

With user-friendly advances in technology that are built into Cris’ virtual wholesaling system, the power to hone in on the best neighborhoods is far superior than the “no pain, no gain” techniques that were popular in the past. Using Cris’ system, investors can laser-target areas and build lists based on the best possible case scenario for virtually any market. Cris’ system teaches investors how to prosper and make tons of cash in the current housing crisis. If you can use email, you can use Cris’ innovative system for fast, no-money-down profits in your REI business.

Tap new Markets and Boost your Bottom Line
Though the real estate bubble may have burst in your locale, there are a lot of U.S. real estate markets that are not currently suffering because they weren’t affected by the boom. Since their prices never rose when the market was jumping, they’re not dropping now that market conditions are changing.

Cris can teach you how to profit from these market uncertainties. He also is extending killer special offers to members of the GaryBoomershine.com community and SalesTeamLive members, respectively, that are packed with awesome incentives including a ticket to the upcoming Virtual Investing Seminar in New Orleans slated for June 26-29. By following the links above, you can check out the details and read the awesome client testimonials while you’re listening to the call.

Invigorate your REI Business: Join us Today!
If you haven’t yet joined our thriving on-line community, and are interested in in learning more about how you can cash in on the latest news and developments that drive our industry, please sign in now using the yellow fields at the right side of my GaryBoomershine.com home page. Like always, I pledge to never share your contact info with anyone or inundate you with useless messages. Of course, you’re welcome to listen to the call, even if you don’t want to join us in building a strong community and sustainable future in creative real estate investing. Sometimes we all need a little nudge in the right direction! Let this be yours.

Long-term mortgage Interest rates rose this week to their highest levels since March, likely triggered by rising inflation, high gas prices, and dwindling consumer confidence. At the same time, home values are shrinking in every region of the United States. Can we call this a recession yet?

Mortgage Rates Take a Hike
Currently, the national average interest rate for 30-year, fixed-rate mortgages is up to 6.08 percent this week, up from 5.98 percent last week, This time last year, mortgage financing company Freddie Mac says it was 6.42 percent.

Shouldn’t this be moving the market? Not necessarily, says Freddie. As mortgage rates rise, home values continue to fall. More folks likely will be watching this selling season than the World Series.

Q1 Home Values Fizzle in Most States, All Regions
The value of U.S. homes fell 10.4 percent in the first quarter, says Freddie Mac, marking fueling the most dramatic annual dive since 1971. In the past year, Freddie’s Conventional Mortgage Home Price Index averaged 4.4 percent, the most remarkable decline in 39 years.

Freddie Mac data show that 46 states reported price drops in Q1, and 29 states measured drops over the same period last year. Only Montana, North Dakota, South Carolina and Wyoming reported price gains, however moderate, for Q1.

According to Freddie Mac’s numbers, based on the Conventional Mortgage Home Price Index Classic Series, no region in the U.S. is totally immune to the price drops that sometimes look like economic chronic wasting disease. But depending on your real estate investment strategy, there are some bright spots if you look at the big picture. Again, the real estate markets that didn’t pump-up the real estate bubble, look much more stable these days.

Regional Housing Trends
Here are are some regional housing value numbers crunched in Freddie Mac’s latest report:

West South Central Division

• Includes: Arkansas, Louisiana, Oklahoma and Texas;
• Current values reported for Q1: down 0.5 percent (-1.9 percent, annualized);
• Over the past year: home values rose 1.6 percent;
• Over the past five years, home values climbed 26.8 percent.

Middle Atlantic Division

• Includes: New Jersey, New York and Pennsylvania;
• Current values reported for Q1: down 1.1 percent (-4.1 percent, annualized);
• Over the past year: home values dropped 0.2 percent;
• Over the past five years: home values climbed 44.3 percent.

East South Central Division

• Includes: Alabama, Kentucky, Mississippi and Tennessee
• Current values reported for Q1: down 1.1 percent (-4.3 percent, annualized);
• Over the past year: home values increased 0.3 percent;
• Over the past five years: home values climbed 26.6 percent.

East North Central Division

• Includes: Illinois, Indiana, Michigan, Ohio and Wisconsin
• Current values reported for Q1: dropped 1.5 percent (-5.9 percent, annualized);
• Over the past year: home values dropped 3.8 percent;
• Over the past five years: home values climbed 9.2 percent.

Mountain Division

• Includes: Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming;
• Current values reported for Q1: dropped 1.5 percent (-5.9 percent, annualized);
• Over the past year: home values dropped 3.3 percent;
• Over the past five years: home values climbed 44.0 percent.

West North Central Division

• Includes: Iowa, Kansas, Minnesota, Missouri, North Dakota, Nebraska and South Dakota
• Current values reported for Q1: dropped 2.2 percent (-8.6 percent, annualized);
• Over the past year: home values dropped 2.3 percent;
• Over the past five years: home values climbed 16.3 percent.

South Atlantic Division

• Includes: Washington D.C., Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and West Virginia
• Current values reported for Q1: dropped 2.6 percent (-10.1 percent, annualized);
• Over the past year: home values dropped 4.4 percent;
• Over the past five years: home values climbed 37.8 percent.

New England Division

• Includes: Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont;
• Current values reported for Q1: dropped 2.9 percent (-11.0 percent, annualized);
• Over the past year: home values dropped 4.0 percent;
• Over the past five years: home values climbed 22.2 percent.

Pacific Division

• Includes: Alaska, California, Hawaii, Oregon and Washington
• Current values reported for Q1: dropped 6.9 percent (-24.8 percent, annualized);
• Over the past year: home values dropped 12.4 percent;
• Over the past five years: home values climbed 40.1 percent.