Written By: Karen Deis
No more late-night informercials on how to get rich in real estate!
Real estate investing has gone mainstream and it's a legitimate niche in the mortgage industry today.
Why would a loan originator want to get involved?
Because, unlike typical residential property, real estate investors purchase anywhere between 2 to 200 units per year. Having one or two investors in your hip pocket is all you need to make a decent living in the mortgage business today.
Donald Trump and The Learning Annex are holding mega-seminars (about real estate investing) in major cities. (www.TheLearningAnnex.com) 21,000 people attended the session in New York City and 46,000 in Los Angeles. Major sponsors such as ABN-Amro and CitiMortgage consider this as one of the up and coming niche markets.
With fix-and-clip loans, E-Bay, real estate investment clubs and even HGTV with shows like "Property Ladder" are getting in the act.
This is a huge market that NOT many loan officers are taking advantage of.
When you read this article, you will find:
How to start your own Real Estate Investment Club
Outline of a Real Estate Investment Seminar
Websites with live links
Underwriting requirements for Fannie and Freddie
Fix-n-Flip type loan resources
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