I am so excited to start my new blog and website and I look forward to interacting and networking with all of you

Looking for SELLERS

If you know anyone who needs to sell their home quick,please have them contact me.

My eBook is now available

I am pleased to announce my ebook, Flip-A-Fortune-Creating Wealth in Real Estate a Complete Instruction and Workbook is ready for purchase. Lots of info with a low introductory price. Click on the eStore for details. Please read and spread the word.

Flip A Fortune June Newsletter

Here is a copy of the June newsletter http://www.flipafortune.com/newsletters/newsletter-jun11.html

REOs and Shorts Accounted for 39 Percent of Q1 Existing-Home Sales

Data released by the National Association of Realtors (NAR) recently showed that distressed properties – including bank-owned homes and pre-foreclosure short sales – made up 39 percent of the first quarter’s existing-home sales. That’s up from 36 percent a year earlier.
source: DCnews.com Carrie Bay

Investors kept April home sales afloat

Home sales in April were unchanged from March as investors remained in the game with the expectation that prices bottomed out, according to the latest RE/MAX National Housing Report.

Last month, investors made up 25 percent of the market, sparking speculation buyers anticipate higher interest rates and home values in the future. During the same period, inventory levels fell as home prices rose 2.2 percent from March—the third increase this year.
resource: Housingwire.com Kerri Panchuck

Are they really your competition

The subject comes up often to why some investors are soooooo guarded. I find this an interesting topic as there is this psychological aspect of not sharing ideas with others. Why do investors and Realtors look at others as their competition? I find this VERY narrow minded, and say this from experience. There is a lot of business out there to be done, and an investor is only hurting themselves by not networking with others and learning from each other. A common respect for each other should be there and one should work with integrity and professionalism. This can be accomplished helping each other and respecting each other’s business. Yes, you will find people who do the same thing you do, but do you really want to pass up an opportunity to do business together? I could give example after example of investors and Realtors who felt they needed to “guard” what they know and not talk to or deal with others. How may I ask does this help you? It doesn’t. In the area I live, this is extremely common, and I just don’t get it. We can all add benefit to each other’s business. We can pass business on to each other or refer customers to each other. It is very important as an investor and Realtor to be open minded and able and willing to network with others to grow your business. Think about it!

Very cool site

Hey all, just got started on a VERY cool tool. Use this to connect all your social sites and blogs. Very cool http://ow.ly/4SoFD

Do your friends and family really understand what you do?

Many investors face skeptical family and friends who say ” you’re crazy to buy real estate with today’s market” Why do they say this? Is it because they don’t think you are capable, don’t think you know what you are doing, or are they worried about your choices? Well, 99% of the time, your family and friend have no idea what you are doing or understand what investing is all about. Society is so programmed to listen to what media is saying and they just take the media’s words and see that is reality. In fact, when media often is talking about the housing market, either they are referring to a specific market area which has nothing to do with where you live, or, they are generalizing a market condition that has to do with traditional retail real estate sales. As you know, investing is a completely different world, and one can make very good money in this venture. Word be warned though. It is not for everyone, and it takes time to learn investing and close on that first deal. Keep your heads up investors and do not let friends and family influence your belief in yourself to make success no matter what venture you pursue. Untill Later, Flip Girl Mary

Blogging for dummies?

I have to admit that when I started this blog I anticipated it being much easier to get on here every day to input content.  I plan to create more content for my viewers as an important part of learning and keeping up with what is going on in the real estate world.  Using social sites and blogs can be a very important aspect of one’s business, but there is a bit of a learning curve if you are not used to submitting messages.  A friend told me consider it like a journal.  While that is a great idea, I want to share helpful information with my viewers.  Watch for more content to keep coming your way.  Thanks for your participation.

More banks setting their own rules

The lastest new in the every changing housing industry is that Bank of America has decided to put deed restrictions for cash buyers of Bank of America REO’s.  If you buy a Bank of America REO with cash, you need to wait 60 days to resell it.  Do they think this helps the housing market?  Use transactional funding and have the deed and mortgage recorded and this will eliminate that problem.  If you need transactional funding for your investment deals, ask me about it.  Yes, you can buy homes with none of your own money.

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