James Burns, Esq. the principal of the Law Office of James Burns and author of the international best seller “The 3 Secret Pillars of Wealth,†and an Orange County, California real estate investment company have a foreclosure investment system that is true to the principals in Mr. Burns’ book and may solve the housing crisis.
Irvine, CA, January 19, 2009 — James Burns, Esq. the principal of the Law Office of James Burns and author of the international best seller “The 3 Secret Pillars of Wealth,†and an Orange County, California real estate investment company have a foreclosure investment system that is true to the principals in Mr. Burns’ book and may solve the housing crisis.
Burns stated that there are fundamentally about eleven reasons why real estate deals are always available no matter what the real estate market is doing. “There is no magic here,†says Burns, just human circumstances that create opportunity and we are seeing a deluge of these circumstances now. In the same token there is also a chance to give back.
The system Mr. Burns is talking about starts with an REO. An REO (real-estate-owned) is a form of distressed property that has been taken back by the lender or bank through the foreclosure process. In an REO situation the banks end up owning the property when no one bids to cover the amount owed against the property at a public auction. REO homes are often considered the best way to buy a distressed property because the seller is already out of the picture.
Getting in on the REO deals are still difficult for the average person, said Burns since there is only the old fashion way if an investor has time to fly all over to numerous states and get into the underground or they can rely on the group he uses that has a systematized approach to investing in multiple distressed markets where they focus on the repairable properties in bedroom communities. The system operators revitalize the properties, make them livable, and put in a new homeowner who does not pay rent but installment payments towards ownership in ten years. The investor gets positive cash flow and the new buyer gets the American Dream, homeownership, 10 years.
Burns also commented that the system is designed to give the investor multiple exit-strategies which are almost unheard of in real estate investments. Mr. Burns said, “I usually ask real estate investors that come in to my office two questions – #1 what is the exit strategy? And #2 “did you buy retail, wholesale or discount?†In both cases they give me a look like a deer in the headlights says Burns.
These properties can be purchased by both domestic and international investors for $23,900 and carry a sales price of $37,900 along with the terms which is $500 per month for 10 years so the easy math shows that you can make a pretty good amount. There is a caveat and that is the human factor states Burns, they can default but the system addresses this and rolls the buyer out and puts a new one in.
This system has been a huge success with waiting lists of approved applicants nationwide just waiting for properties to come available as the secondary buyers. Burns stated that, “we are watching this program transform families, neighborhoods and communities.†Burns further stated, “The next five to ten years will be defining and wealth will change hands where some people will be transformed to a millionaire while giving someone else less fortunate a helping hand.†Burns feels this program can restore the housing market by establishing comps in areas, one family and one investor at a time.
Contact:
James Burns, Esq.
jamesgburns.com
18662 MacArthur Blvd., 2nd Floor
Irvine, CA. 92612
949-215-5474
[email protected]
http://www.bestrealpropertystore.com
