Access Wealth Strategies

Interview with John Ray: How to Get a Good Deal on a Foreclosed Property at the Trustee Sale Auction and Avoid Common Mistakes

David — Tue, 23 Feb 2010 00:59:16 +0000

There has been much hype about buying foreclosed properties in mainstream media and on the internet. You may be wondering: What is it really like bidding at the foreclosure auction? Are there good deals to be had? What does it take to get a good deal? Last week I interviewed John Ray, owner of a [...]

Phoenix Foreclosure – Video of Live Auction at Trustee Sale

David — Fri, 12 Feb 2010 19:00:29 +0000

I visited a live trustee sale auction at the courthouse steps in downtown Phoenix where the bank trustees auction off foreclosed properties to the highest bidder. See the video below for the live action at the trustee sale. The video gives you a good idea of what goes on at a trustee sale auction. However, it was [...]

Foreclosure Trustee Auction: Where to Find the List of Homes Sold at the Trustee Sale?

David — Wed, 10 Feb 2010 07:00:18 +0000

A reader emailed us a question on how to get the list of homes to be sold at the trustee sale auction. I’ll answer that question in this post. The first part of the answer is that it depends on where you are located. Each county has its own method of posting properties pending foreclosure. There [...]

Phoenix Trustee Sale Home Tour – After Renovations

David — Thu, 04 Feb 2010 16:00:30 +0000

Watch the video below for my second visit to this upscale Desert Ridge home, as I tour the house and point out the changes made. After Renovations Before Renovations For your reference, the “before” video (just 2 days after the home was purchased at the Phoenix trustee sale auction) below: Ask yourself this question: Would YOU buy this home [...]

The Right Time to Buy an Asset for Investment

David — Tue, 26 Jan 2010 07:55:49 +0000

When is the right time to buy an asset for investment purposes? This could the most important question an investor asks himself or herself. There is not one right answer for everyone that applies at all times. Instead it takes judgment and applying core principles to answer this question. The most successful passive investor of all time, [...]

Hard Money Lending for High-Yield Cash Flow and Security – Part 2

David — Tue, 12 Jan 2010 20:00:17 +0000

In Part 1 we discussed why the market is ripe for hard money lending, now let’s look at why hard money lenders are willing to fund deals traditional lenders reject. Hard Money Lenders Can Charge Much High Interest Rates Hard money lenders demand much higher interest rates (10-18% or 2-3 times higher) than banks do because [...]

Hard Money Lending for High-Yield Cash Flow and Security – Part 1

David — Wed, 06 Jan 2010 03:29:52 +0000

Do trillions of dollars of failed loans and losses lead to great lending times? With the recent collapse of the credit markets, the economy, real estate prices, and the stock market, lenders around the world will take massive losses on their loan portfolios. Large lenders such as Washington Mututal, Indymac, and related entities have already failed. The [...]

Tour of North Scottsdale Home Bought at Trustee Sale

David — Wed, 09 Dec 2009 00:07:07 +0000

A couple of weeks ago, our business partners picked up a home in North Scottsdale at the trustee sale auction. Since we live nearby, we took a video of us driving by the house and the neighborhood, which is a very nice gated community. The house is currently occupied by tenants – that’s why we [...]

TIPRA “Taxes On Sale” – How Does It Affect Your Retirement?

David — Thu, 03 Dec 2009 05:07:50 +0000

We all know that our financial decisions today affect us far into the future and significantly impact our retirement lifestyle. Perhaps you’ve heard about the tax law change for 2010 that affects retirement accounts such as IRAs but were wondering what this means for you and how you can take advantage of it. Our friend Kaaren Hall [...]

Real Estate Investors Turning to Trustee Sales for Bargain Purchases (Videos)

David — Mon, 16 Nov 2009 07:00:40 +0000

In just the past 2 years, the real estate market has fallen nationally more than during the Great Depression and more than our most esteemed economists predicted. Many real estate investors are looking to purchase distressed homes for LESS than the current market price. There are two main options, a bank REO or a trustee sale [...]