Foreclosure Crisis 2024: REI Masters Reveal All!

Demystify the pre-foreclosure process with industry insiders! Join Rick Hamrick, William Bonell, and Matthew Merenoff at the REI Event Unveiled and uncover the truth behind pre-foreclosure myths. These seasoned experts from IPA for REI and Real Estate Recovery Group are here to provide solutions for distressed property owners and share their combined 65+ years of experience. If you're a real estate professional looking to thrive in any economy, this is the event for you.

Discover strategies for:

• Navigating pre-foreclosure and forced sale situations
• Creative financing and wholesaling
• Building a resilient real estate investment portfolio

Here's what you'll gain:

• Real-life experience and case studies
• Networking opportunities with top industry professionals
• Actionable insights on growing your business in 2024 and beyond

🔑 Connect with Rick, William, and Matthew! Meet the minds behind preforeprofits.com and learn how to turn challenges into opportunities in the real estate market.

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#RealEstateInvesting #Preforeclosure #REIMastermindNetwork #InvestmentPortfolio #GenerationalWealth

Topics & Bullets:

Pre-foreclosure Event Planning

• Providing attendees with a physical book containing sponsor information, speakers' details, note-taking sections, and key event highlights
• Collaboration on a pre-foreclosure event in Clearwater, Florida with a focus on helping real estate professionals grow their businesses
• Emphasizing the importance of mindset and providing actionable material to ensure attendees take active steps after the event

Understanding Distressed Situations

• Challenges the assumption of predatory behavior, highlighting the elderly, broken families, and veterans as the primary groups seeking help
• Emphasizing the need to understand distressed situations, particularly with preforeclosures

Action-based Approach in Coaching

• Emphasizing the importance of learning, taking action, and reflecting
• Addressing the scalability of the real estate business through networking and training, creating a network of individuals capable of meeting with sellers across various locations

Importance of Nurturing Relationships and Networking

• Discussing the importance of consistently nurturing and maintaining established relationships within the network
• Advocating for a personalized, empathetic, and human-centered marketing approach, using various communication methods such as voice mails, texts, and postcards to elicit responses from distressed sellers

Obtaining Pre-Foreclosure Lists

• Discussing the challenges of obtaining pre-foreclosure lists due to varying regulations across different states and regions
• Exploring the process of obtaining pre-foreclosure lists and the importance of being physically present in the market

Addressing Market Challenges

• Insurance crisis: Homeowners and investors struggling to insure properties and facing a minimum 30% increase in insurance costs over the past two years
• Property taxes have also increased by 30-40% nationwide, leading to larger PITI payments
• Homeowners who took forbearance during COVID might face significant interest rate increases and loan modifications, potentially impacting their equity and credit
• The impact of COVID-19 on property equity, particularly in commercial real estate

Real Estate Industry Changes and Challenges

• Highlighting the improved systems and processes of banks and servicers
• Discussing the challenges and changes in the real estate industry, including the impact of preforeclosures on various property types
• Discussing the drastic changes in the industry and the impact of COVID-19 on property equity

Rapid Fire Questions

• Real estate investor lies, recommended books, and advice for younger selves
• The importance of consistency in business and meeting with students and partners twice a week
• The need for education and understanding in the real estate investing world and the goal of building a network of pre-foreclosure solution providers
• Concerns about uneducated wholesalers making false promises and emphasizing the importance of education in the real estate industry

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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack