Dean Graziosi Book

Weekly Wisdom #166 - How to Get Rid of the Villain Within

This week, Dean goes deeper on the topic of ridding yourself of the villain inside. Watch and discover a proven, 7 question strategy to propel yourself to success. Then Dean has a second video for you with a last chance early-bird offer to come meet and learn from him and a select group of our most successful student - in person - this April...

Find Out Whether You Should Attend This Year’s EDGE Event
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  • Hear the truth about this event and why it only happens once a year.
  • Watch actual uncensored comments from people who attended last year.
  • Discover EXACTLY what capabilities you’ll be given over the weekend.
  • Why meeting and learning from people who were where you are now is important.
  • Understand why this is a life changing place to network and expand your opportunities.

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$3500 with the 25 to 1 MLS offer strategy

So this is my husband and I's third deal that we just closed on yesterday. Check is in the bank for a profit of $3500. The other 2 deals we did were found from Craig's list and bandit signs. This was our first deal we did through a Realtor and it took us several times to find a realtor that was up for this strategy, so I thought I'd write about our experience.

Short Real Estate News Articles

It was a quiet week for meaningful real estate related news. However, there were a couple of stories of interest:

Mortgage Applications Surge

Last week mortgage applications jumped by 23% according to the Mortgage Bankers Association. Of course, record low interest rates are the reason. Last week mortgage rates hit new record lows:

• 30-year fixed rate 3.89%
• 15-year fixed rate 3.16%

82.2% of these mortgage applications were for refinancing, as home buyers are still not in the market at anywhere near historic levels. Some analysts point to this as illustrating that home sales aren’t overly interest rate sensitive. ARMs, Adjustable Rate Mortgages, that are resetting during this period are making borrowers happy. Many are enjoying lower rates after the reset.

Glass Half Full or Half Empty for New Home Construction

It depends on who is writing about it how you might view the December performance for new home construction and the outlook going forward. Two articles this week, one at the MSNBC site and the other over at CNNMoney used the same government reports but interpreted them differently for how new home construction is doing these days.

MSNBC

The article title is “Housing starts fell in December, capping a grim year.” Builders started just 606,900 homes last year, only slightly better than the previous two years. That’s roughly half of the 1.2 million starts that most economists consider a healthy market.

Here we go Edge Event!!!

Jeri and I are in again! This will be our second time attending the edge event and look forward to networking, meeting great people and having a good time!

Look forward to meeting you there soon!

Tom and Jeri!

Investor Buys Four-plex Not Knowing It Was Condemned

This is a tale that should give all investors pause. Though it’s extreme, and it’s unlikely that many will run into a situation this bizarre, we should all note that it does happen.

A real estate investor purchased a four-plex in St. Paul in 2008, and she’s still in court trying to get back some of her money. She knew it needed work, but not the extent, and there is no indication that she had it inspected. She paid $47,621 for the property, purchased from an investment trust represented by the Bank of New York.

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