Naked Lady Real Estate, The Bare Truth About Real Estate Investing

Pop Quiz: What are my pissosities about this industry?

You got it!  Gurus who constantly pitch & sell; speakers who charge you for their “bootcamps” then proceed to have 2,3,4 additional speakers there pitching product to you; $15k,$30k, (gasp!) $60K mentoring programs!

So now that I have more than my little ‘ol blog as my soapbox – and now have this club, where I am more in the public eye and have to be “professional”, “responsible”, “respectful”, and “fair and impartial” (Yuck!  Doesn’t that all sound so safe and quite frankly “Stepford” REIC owner? Gag me with a spoon!)  I guess what I am trying to say is; Is it still OK or “appropriate” for me to poo-poo all these tactics in such a public way? 

I ask because I have my own personal obligation to speak out against these seamy practices of the real estate club world and now I have my own real estate club business where I vow to never allow these practices to go on… which way do I go, which way to go?  Is it enough to just simply not have these situations happen at my club?  Or do I do continue to speak my mind about it?

Crazy times, call for crazy posts by crazy lady...

Well this has been a very busy time and I apologize for not getting more posts up lately.  Honesty I have been so busy getting the Club up and running that it has completely taken over my life. What a strange and magical land…

The irony is that since I have started all this, I have been having way more interesting and crazy experiences with investors, speakers & real estate than ever before!  And all the stuff I am learning about starting up this business!  A business that many people know all about right from the start! Holy Schniekies. Talk about being under the spot light or rather under a magnifying glass! Oh the madness of it all. A lot of good material here to say the least! (Of course I would have to change the names of many people involved to “protect” their identity J)

So here we are… the Investing, the Current Market, the Speakers, the Business of it all… where do I begin…

One thing I do know is that I will start posting about it all AS IT unfolds!  It’s much easier to write a little post more often rather than a big post to try to sum up the happenings of an outrageous week into one long tedious post. And I should write more often!  No reason that I should go through the lunacy & anarchy all on my own!!!  Shiet…

Let me start with the most obvious one for now…  The investing… oh wait, no it’s the market… hold it…actually it’s the crazy stories of starting this club… sigh… they are all such big news.   Help me…I’m melting…. I’m melting…

Can we talk?  Let me tell you about the huge quandary I find myself in.  This entire ridiculous adventure of writing a blog and opening my own REI club started because I am an opinionated biatch.  (Sorry for the potty mouth – but I am what I am… and I have never been accused of being a dainty lady or graceful like a swan – although I do clean up nicely when I must.) 

Pop Quiz:  Long time readers – you should know the answer to this question: What are my biggest pissosities about this industry? 

Please tune into my next post for the answer and the rantings!

Don't accept the counter from an Auction!

Friday June 13, 2008 :  FROM THE DESK OF BRUCE NORRIS   

I just wanted to let you know of an important development. This is extremely important if you have won bids at a Hudson and Marshall auction this week or are planning on bidding at the auction this weekend.

We were the winning bidder at the Hudson and Marshall auction on seven houses. The auction company had countered our offer on five and rejected the other two. We refused their counter offer in each case and stuck with our original winning bid.

On one particular property in Riverside, Hudson and Marshall countered our winning bid of $112,000 at $139,500. We held firm at $112,000. Hudson and Marshall got back to us today and accepted our original winning bid! We also know this has happened to a few other investors that we spoke with today.

This makes me very happy, not just because of the profitable deal but it signals the capitulation of the lenders. The auction produced multiple 60% deals. I think that trend will continue. The fact that the lenders are learning they better take the final bid is very exciting. FINALLY!!!

I wanted to let you know this information in case you are attending the auction this weekend.  From what we've heard of the many days of the auction so far, the audiences have shrunk and the majority of the bids are lower then they have been in the past.

If you win, expect to get countered.  If you get a counter, don't take the bait!

Have a great weekend,

Bruce Norris

The Norris Group

6391 Magnolia Avenue, Ste. C

Riverside, CA 92506

Tel: (951) 780-5856

Fax: (951) 780-9827

www.TheNorrisGroup.com

'Equipping California Real Estate Professionals for Tomorrow's Challenges'

Wow! What a great night last night!

Inaugural Meeting a smash hit!   Wowee Cazowee!

I was so nervous!  I mean really... what a weird thing.  I'm having my own real estate investors club meeting?  What the heck? 

Yesterday it suddenly all hit me and I was thinking - what am I thinking?  How did this happen?

If you would have told me that I would be holding my own real estate investors club meeting with the likes of Bruce, Mike, Tony and Dave on my stage for a roundtable - I would have said you are high as a kite - and can I have some?

A truly incredible evening. I am truly living a weird life right now.  How in the heck did I end up owning a real estate club? Crazyiness I tell ya.   

The real estate panel was incredible of course.  Pictured from left: Tony Alvarez, Dave Berens, Mike Cantu Rosie Nieto, Darren Orshoff & Mr.Bruce Norris.

It was a great combination because as we all know Bruce, Mike and Tony are long time successful real estate investors, but I also added an  "newer" investor Dave Berens to the mix.  Dave's been a full time investor for about a year now (he had finally done enough deals that he was able to quit his job and do it full time!). With about 14 deals under his belt he is moving and shaking!  OMG these guys were great! We audio and video recorded the event and I will let you know when it becomes available!

So why another club?  What's the point here?  I will be covering this in my next couple of blog posts.  I know I probably should have promoted the club more before now and talked about what the plan is, but the truth is I didn't want to do all the b.s hype marketing that we are always so inundated with.  You know the ones I'm talking about?  Big long sales page emails with the yellow highlighted sentences telling you why something is a can't miss, once in a lifetime, opportunity?  Gag me with a spoon - I'm so sick of all that - aren't you?

You guys, I'm gonna try and do the impossible with my club...

For the rest of this blog post please click here to read it on the NAKED REIC BLOG

Fannie Mae Loosens Guidelines

Minimum down payment requirements for home buyers is being decreased. In January 2008, Fannie Mae increased minimum down payments in areas of "declining markets." Fannie Mae announced that it is doing away with higher minimums and will require new minimums of 3% or 5%.

To read the rest of this article please go to: Download market20update2020june.pdf

TONIGHT, TONIGHT, TONIGHT!!!

YAHOO!  Tonight is the night!  The Naked Real Estate Investors Club Inagural Meeting!

BIG BUZZ about our most amazing line up of Real Estate Investors for our Expert Panel!  Listen to this:  Bruce Norris, Mike Cantu, Tony Alvarez and Dave Berens!   All coming as real estate investors - not speakers! 

A VERY RARE OPPORTUNITY to see these amazing investors on stage together having a real conversation with us about real estate investing!  This guys are not only brilliant, they are a crazy good time on stage together from what I hear! CAN'T WAIT!

They are all going to share with us what their strategies are and what is working, what's not and what their plans are for the next year!  Also we are going to have about an hour of Q&A with them!

So everyone - get ready to sit for an evening with some of the most successful investors who are DOING DEALS NOW!  I am so excited that I cannot wait. 

Be prepared to get inspired - get motivated and get REAL!

OH - and wait - from what I understand - when you put Bruce, Mike and Tony on the same stage for one of these panels - be prepared because apparently - it is crazy good times! 

They are all good friends so I can only imagine!  I have a feeling we are going to laugh a lot that night!

FOR MORE DETAILED INFORMATION PLEASE GO TO:

www.nakedrealestateinvestors.com

Wednesday - June 11th  6:30pm - 10:00pm

Sheraton Park Hotel at the Anaheim Resort
1855 S. Harbor Blvd.
Anaheim ,  CA  92802
T: (714) 740-4162 

Click here to check out
The Naked Real Estate Investors!