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Welcome Members:

A "Positive Mindset" is everything in life, business and investments. For our Club Members only, I'll be e-mailing "Profit For Thought" ideas to assist you in thinking positive relative to investing, buying and selling real estate for profit.

Topic 1: "Distressed Properties"

What is the first thing that comes to mind when you hear this term? Think about it. Is it outdated kitchens with avocado or green appliances and neglected properties that need extensive repairs? Here is the new mindset for thinking in a different way and a profitable approach for "Distressed Properties."

Our real estate market is not always about "the property" being distressed. This has changed.

In today's market, most distressed properties are in mint condition. Why? It's about a "distressed owner" not being able to keep up with their mortgage payments and forced into foreclosure, most of which are properties that are updated, new construction, etc. Second example: an owner has found another property to purchase reduced by $100K and is selling their current "mint condition" property for $30K under market value to gain a $70K+ profit on the $100K reduced property that they will purchase.

This is where an investor can purchase this seller's mint property for $30K+ under market value, since the owner is willing to take a $30K loss on their beautiful and updated property that they must sell to purchase the reduced property for $100K under market value. They've made $70K+ once they sell their place and buy the next one. I've seen higher and lower profits with my clients.

Profit for Thought: Distressed Properties are not always falling down or in need of repairs. I'm seeing "distressed owners" that must walk away from beautiful properties (thus going into Foreclosure or Short Sale) OR a Seller who is willing to sell their mint property at a loss to make a higher profit on the property they are buying. The second example is the thought process of an Investor. (This loss on their initial sale is tax deductible and we'll be discussing this and how to avoid capital gains at our meetings).

My insight for you today is to look at the meaning in a different way when you think of "a distressed property" in today's real estate market.

I look forward to meeting and working with you all. Contact me with your questions and to schedule a private consultation.

Remember to invite anyone you know to join our Club that you feel would be interested in our purpose of profit, knowledge and portfolio growth.

Sincerely,
Adam T.