Pedro Gonzalez's Blog

Four Tips to Achieve Success

Many of us that get into real estate in

vesting have and will encounter many challenges throughout our professional lives. I have said before, this is not an easy profession. It is rewarding for those that follow certain simple principles and stay focused towards the achievement of success. By the grace of God, I have seen many ups and downs in my professional and personal life. My strong faith in God has kept me in the path and confident that once again we will prevail and that I…

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Added by Pedro Gonzalez on March 1, 2011 at 8:27am — 1 Comment

Real Estate Recovery, When?

According to many economic reports, the United States is out of recession. However, many of the aspects that we as real estate investors are concerned like jobs and borrowing, continue in the bottom of the pit. There are signs that indicate that we may see a recovery in our real estate market, recent reports have shown an increase in consumer spending, jobs are growing at a faster pace, and personal finance for many US families are starting to improve. For… Continue

Added by Pedro Gonzalez on February 20, 2011 at 12:51pm — No Comments

Get Into The REO Industry The Profitable Way

The current conditions of our real estate market provides great advantages for those of us that have decided to jump into the market and take advantage of the low prices. The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. Yet as always, challenges bring opportunities.

The year 2010 was another breaking year for foreclosures and bank REOs. Over a million homes were converted to REO properties… Continue

Added by Pedro Gonzalez on February 19, 2011 at 3:07pm — No Comments

Become a Better Negotiator and Increase Your Revenues

"Let us never negotiate out of fear, but never fear to negotiate"

John F. Kennedy

Negotiations is method of resolving differences between people. In real estate much of our work revolves around resolving differences, thus our ability to negotiate effectively is an essential skill. How you negotiate on a daily basis determines how much you make, what benefits/concessions you get, and how easy it is to get your offers approved. However, recent research… Continue

Added by Pedro Gonzalez on February 18, 2011 at 10:56am — No Comments

The Impact of a Higher National Debt

The U.S. national debt ceiling was set at $14.29 trillion in February, 2010. Now it looks like we are going to hit that ceiling by the time you read this posting. What our politicians are going to do? Not passing a law to increase that ceiling means to enacting a balanced budget amendment. Not raising the national debt ceiling means deficit spending ends immediately. It means the… Continue

Added by Pedro Gonzalez on February 14, 2011 at 10:52am — No Comments

The Future of Fannie and Freddie and its Impact to China

China may be affected by the imminent changes to Fannie and Freddy announced by the Obama administration. Chinese regulators have issued a rare denial of a local media report that the country could lose up to $450 billion on its investment in securities issued by U.S. housing giants Fannie Mae and Freddie Mac. LEARN MORE

Added by Pedro Gonzalez on February 12, 2011 at 8:33am — No Comments

Obama wants big changes in mortgages

It seems that Fannie Mae and Freddie Mac may be facing down under some changes being currently proposed...http://bit.ly/eNwF34

Added by Pedro Gonzalez on February 12, 2011 at 8:00am — No Comments

More About Success in Real Estate Investing

“If you don't have a competitive advantage, don't compete.”

- Jack Welch

Back in May 2010, I wrote about gaining a competitive edge in real estate investing. Today I want to share with you other attributes in developing a successful real estate investing business. You will have thousands of

training, ebooks, CDs in the how to be successful in real estate investing. In my opinion the basics of real estate investing are not difficult to… Continue

Added by Pedro Gonzalez on November 1, 2010 at 12:30pm — No Comments

FREE BUSINESS PUBLICITY

It does not matter what type of business you are operating, you should

strive for as much publicity for your business and your products or

services, as possible. Free marketing/publicity is critical for the

success and growth of your business.

Before you start with the marketing efforts, please remember that your publicity efforts should be

well though out, even if they are free, to achieve maximum results. One

of the most basic form of obtaining publicity is… Continue

Added by Pedro Gonzalez on October 23, 2010 at 9:29am — No Comments

Credit Score Myths

As I have mentioned before, as real estate investors we must be at all

times reviewing our credit scores and looking for ways to improve it.

Here I share with you some of the myths and misinformation spread in the

net.

1. The less credit I have the better for my credit score

2. If I lower my credit limit my credit score will increase

3. If I close my credit cards my credit score will increase

4. Keep a balance to have a good credit score

5. If I request… Continue

Added by Pedro Gonzalez on October 2, 2010 at 12:26pm — No Comments

New FHA Mortgagee Letter 10-29 Issued Today

Today was issued Mortgagee Letter 10-29. This Mortgagee Letter
introduces new minimum credit scores and loan-to-value (LTV) ratio
requirements for FHA-insured loans.This guidance is effective for case
numbers assigned on or after October 4, 2010.
Read more

Added by Pedro Gonzalez on September 3, 2010 at 4:35pm — No Comments

Persistence: Key Element to Your Success

"Sometimes your greatest asset is simply your ability to stay with it longer than anyone else." ~Brian Tracy

"The most essential factor is persistence - the determination never to allow your energy or enthusiasm to be dampened by the discouragement that must inevitably come." ~ James Whitcomb Riley

As I sit here this early morning of December 25, 2009 waiting for Santa to bring me my gifts, I decided to write to you about persistence. Many times real estate investors fail… Continue

Added by Pedro Gonzalez on December 25, 2009 at 12:44am — No Comments

The Sad Reality

A recent report from the FBI states that mortgage fraud is on the rise. The fraudulent events focuses on distressed homeowners who look for answers to troubled mortgages and find little help from their banks.

This report says one measure of mortgage fraud complaints is up 36 percent nationally. Most of the fraud schemes and scams are concentrated in California, Florida, Arizona and Nevada which have been hit hard by the housing market crash. As a result there are a large amount of… Continue

Added by Pedro Gonzalez on July 8, 2009 at 8:34pm — No Comments

HR 1728: The Restriction on Seller Financing and The Impact on Real Estate

As you may know, Congress passed HR 1728 under the name of “Mortgage Reform and Anti-Predatory Lending Act”. Now without getting into a conversation about finger pointing who is responsible about the current financial crisis we are in, regulations towards better and safer lending and the protection of consumers are needed. I know the government is concerned about predatory practices, but shouldn’t the local district… Continue

Added by Pedro Gonzalez on June 9, 2009 at 6:24am — No Comments

10 Tips to Reduce Risk and Increase Profits

Here are some tips I want to share with you, which I have learned over the last 18. I started with a list and then it grew to a very long one. I decided to cut it to just ten suggestions I could share with you that could help you in reducing risk and improving your profits. So here is the list!

1. Hire a real estate investing coach or mentor

Having an mentor or coach that has more years of experience than you and has gone through the ups and down of the real estate market can be… Continue

Added by Pedro Gonzalez on May 5, 2009 at 7:35pm — No Comments

Negative Thinking One of the Causes Of Under Achievement

It may be no surprise to hear that negative thinking is one of the reasons for under achievement. Your life is built on your self image and that image will depend on what you tell yourself. When you choose (and you do choose) to engage in negative thinking you are deciding to believe in your inability rather than your possibility. But it’s not just you! There will be plenty of people in your life who are all ready, willing and eager to spread the doom and gloom over why things just won’t work.… Continue

Added by Pedro Gonzalez on March 30, 2009 at 8:26pm — No Comments

3 Reasons Why Sales Professionals Need A Life Coach

No matter how well you’re doing in your sales career, I guarantee that a life coach can help you rise to an even greater level of success – a life coach could probably even double your income this year alone. That may sound like a bold statement, but I’ve seen results exactly that dramatic time and time again. So, if you’ve never heard of a life coach, or are familiar with the concept but aren’t really sure how they can help you grow as a sales professional, let me fill you in.

A… Continue

Added by Pedro Gonzalez on March 15, 2009 at 12:00pm — No Comments

Distressed Property; Is it a Positive Investment?

There are many investments that are made in real estate, most of which are expected to allow the price of the property to go up. With the housing market down and foreclosure on the rise, it is tempting to jump and start buying and selling distressed properties. It is very tempting, specially with all of the infomercials about the riches to be made if you buy their 36 cd and 14 book “guarantee to riches with distressed properties”. Don’t get me wrong, I love real estate investing.

I… Continue

Added by Pedro Gonzalez on March 11, 2009 at 4:42pm — 1 Comment

10 Steps to a Successful Urban Redevelopment Project

In my years as a reale estate consultant and investor, I have seen many great real estate development ideas go down the drain. If you are into real estate developement, you may know what I am talking about. You’ve got a project with exceptional architecture, you’ve completed months of review and modification, your design team is sure this project will get significant notoriety, yet after hours of going back and forth in City Council meetings, neighborhood groups, they ask you to cut the project… Continue

Added by Pedro Gonzalez on March 7, 2009 at 10:10am — No Comments

The Art of Flipping Properties

If you want to maximize your profits off of a property, then the way to do it is to flip properties. Flipping properties is a term that is commonly used in real estate. Property flipping refers to the purchase of a real estate by a certain investor and quickly reselling it at a higher price in just a matter of days or a few months. If you want to invest little and make more, then this is a great way to get into the real estate business.

Property flipping is a growing trend in the… Continue

Added by Pedro Gonzalez on March 6, 2009 at 8:06am — No Comments

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