David Thompson

Trash In = $$$ Out - Investor Pain - Beaufort, SC

Well, Halloween is over but the candy isn't! A couple of weeks ago I had the distinct pleasure of sitting in on my two oldest son's orthodontist screening for braces. I am also excited to announce that both of them are winners of a program that will give them a new and improved "grill". What is great about all of this was that they started the process on October 30^th the day before Halloween. They were pretty disappointed to say the least when they heard the candy and food options begin to dwindle. Halloween didn't seem to sound as if it would be much fun for them and their faces showed it. It was already appearing to be painful.

I took a closer look at this and how some real estate investors whether they were misguided, misinformed or uncaring have looks of pain right now. Don't get me wrong there are quite a few investors smiling too. Let's for just a minute compare a house to our teeth. As children we often overlook the importance of taking care of our teeth by watching what we put in our mouth and how we take care of the "toxic waste" that accumulates and destroys our tooth structure and foundation. Well, it's just like an investment property.

There are many reasons as to why property investors fail to carry quality rental properties. They have often been caught up in the excitement, sometimes overleveraged, poor landlords and I could go on. But where the costly mistake is made often occurs by who they allow in to their property. There is no doubt that you are always taking a chance but as an investor if you do not screen the clients properly and manage them and the property correctly or hire a true professional to do it for you it often ends in disaster. Now the cost of the property skyrockets and the pain begins.

Now for most of us we watch what we eat, we brush and floss as we are supposed to and visit out dentist routinely. Shouldn't we manage our investments the same way? By having a proper screening process which includes "reading the labels" (credit reports, background) of our property occupants and make sure we are putting in place the adequate check-ups hopefully the pain you feel when it is time to make those repairs and improvements won't be like buying braces every time!

So, Austin and Charles lay off the Doritos and the Snickers for a while and take some Tylenol for the pressure and pain and everything will turn out just fine. And as real estate investors, let's watch what we put in our house so it's easier to take care of our foundation and structures and hopefully going to the contractor or in other terms "dentist" doesn't cost as much as a new "grill" for the kids and isn't as scary as Halloween . You will still need the Tylenol though!

Beaufort, SC Foreclosure Real Estate for Sale
David Thompson, Foreclosure Specialist and his REO Masters Team offers expertise in identifying, evaluating and assisting clients in purchasing and liquidating foreclosure and short sale properties in the Beaufort and Bluffton, SC area. (843) 812-5214

New Beaufort County South Carolina Foreclosures for September 2009

As the foreclosures around the nation have hit a record high during the third qtr of 2009 Beaufort County is no exception. The chart below indicates the new foreclosures for the month of September 2009 within Beaufort County. As you can see, the bulk of the counties REO properties exist in the southern portion of the county with Hilton Head topping the chart and Bluffton following closely behind.

Chart provided by RealtyTrac

We are entering another stage of the foreclosure market where the prime mortgages are beginning to show that they are not bullet proof to the market. As property values decrease and the economy sits stagnant more and more home owners are beginning to see they owe more than what their home is worth. This also means they are running out of options and are often left without knowing what those options are. The prime mortgage defaults are not expected to peak for several more months.

For more information regarding available foreclosure homes please feel free to call David Thompson of Team REO Masters today. If you are real estate investor and would like to build or expand your investment property portfolio you deserve a knowledgable and professional team working with you.

Beaufort, SC Foreclosure Real Estate for Sale
David Thompson, Foreclosure Specialist and his REO Masters Team offers expertise in identifying, evaluating and assisting clients in purchasing and liquidating foreclosure and short sale properties in the Beaufort and Bluffton, SC area. (843) 812-5214 http://www.beaufortcountyhomesforsale.com/Buying-Foreclosed-Properties-Beaufort-County

Beaufort, SC Foreclosure

Offered at $75,800
Mink Point 3026 Ratel Drive Beaufort, SC 29902

!!4 OFFERS IN FOUR DAYS!! AND UNDER CONTRACT

Well, if this does not show there are people who are ready, willing, able and targeting foreclosure properties I don't know what will. I want to thank all of the agents and their clients for their quick action. Here is to good buys and opportunities!!!

Beaufort, SC Foreclosure Real Estate for Sale
David Thompson, Foreclosure Specialist and his REO Masters Team offers expertise in identifying, evaluating and assisting clients in purchasing and liquidating foreclosure and short sale properties in the Beaufort and Bluffton, SC area. (843) 812-5214

Could the Beaufort, SC foreclosure crisis be good news for you?

Thomas Reahl, former chief economist for the National Association of Realtors ®, a highly respected real estate expert appeared on MSNBC and flatly stated that there would be at least 1.2 million foreclosures in the next 18 months.

What many watching did not understand was that he was announcing the greatest boom period of gigantic profit opportunity for knowledgeable foreclosure investors ever to occur in U.S. history.

The 1.2 million number represents an enormous inventory "glut" of homes that banks and other lenders must sell fast and cheap. Imagine buying a perfectly good home in a good neighborhood for as little as 30 cents on the dollar...as much as 70% less than it's worth.

A new special free report has just been released which will show you how to:

• Find the best Beaufort, SC foreclosures on the market.

• Buy a nice foreclosed home for pennies on the dollar

• Avoid costly mistakes when buying a foreclosed home

To have this free report shipped to your door, you can request the free report online at: http://www.beaufortcountyhomesforsale.com/FreeForeclosureListings

Beaufort, SC Foreclosure Real Estate for Sale
David Thompson, Foreclosure Specialist and his REO Masters Team offers expertise in identifying, evaluating and assisting clients in purchasing and liquidating foreclosure and short sale properties in the Beaufort and Bluffton, SC area. (843) 812-5214

Free Beaufort, SC Foreclosure Home Tour Educates Buyers About The Bargains Available

If you are thinking of buying a home in Beaufort, SC or investing in a foreclosure, you might want to attend a special Free Foreclosure Home Tour.

The foreclosure crisis has resulted in an usual home buying opportunity. As many as 66,000 homes go into foreclosure each month. Many of these homes are sold at a fraction of their value.

This special free foreclosure home tour is a great way for you to learn more about the foreclosure market and the tremendous opportunities available because you'll be able to see and evaluate 5 foreclosed homes inside and out. The foreclosure tour will start at the first home on the tour. Each attendee will then caravan from home to home. At the first home, you'll receive a special education home tour information package which will include:

1. Details on each home included in the tour.

2. A map of the tour

3. A summary of the real estate market statistics including recent comparable home sales, the average length of time it takes to sell a home today and the average selling prices of homes in the area.

This educational foreclosure home tour is sponsored by David Thompson along with his REO Masters Team and Exit Island Realty.

To register for this special educational foreclosure home tour, call 1-866-571-6709 and enter ID 902. Or you can simply visit: www.tourbeaufortforeclosures.com to register online.

NOTE: This foreclosure tour is limited to 10 attendees. Registrations are accepted on a first come, first served basis. You will be notified if your registration has been accepted.