William "Bill" Bronchick - How to take Advantage of the Subprime Meltdown

[robincruiseraid]

wow you're impressive. I'm gonna recommend you to my friends and colleagues!

[TheSakotaru]

Getting into the real estate market is indeed a great way to earn money. Hard work, vast knowledge and personal coaching are needed to make it to success with this kind of endeavor..

[arirayang5678]

Inspiring. I only learned about you today but you have certainly grabbed my attention.

[anthony031286]

He's the best real estate mentor i've known.. In fact now i already have part time career as a real estate investor. And i owe it all to my coach, Mr. William Bronchick!

-Anthony Jones

[kickandsmile]

Great info, filled w/ knowledge and wisdom. this is one of the things every person into real estate marketing needs to know. for a 7:14 minute, this is way too good. Thanks!

[taekwondoloser]

man this is excellent.

[mariafeline]

very professional! keep up the good work! I subscribed to see more of your videos! Best regards!

~ Feline

[saintpamela12]

If you need someone who has great knowledge, tips, techniques on real estate marketing... I'm telling you, HE is the man! He's such a genius!

[katarina3254]

very well said. Bill bronchick, you're simply the best. Thanks for that wonderful insight and advice!

[getz2788]

this is why you always beat your competition mr. bronchick. I love all your videos here in youtube! I've learned many things from you regarding real estate investment.

[RhysJaymz]

awesome job

[capdatasstapdatass]

thumbs up all the way

[dontblamethemessenge]

in the us it swarms from those economic advisors. They are prood of making misuse of the legal possibilities. Because they know the rules.

Not by doing real work but by "advising" peoples financially. I can make it a long story but you can compare it by leeches that suck blood out good hard working people. Like wall street guys who also did not work but got milions.

[BalancedMan]

Great video, as it really helps to give insight as to how to work with the current market situation. You can always make money if you're on the right side of the equation.

[jaxyakker]

or even if they just had some common sense.

[squeekycheese]

Let's put this little speech in condensed form.."Hi, I'm Mr. Whitecollar Stripeshirt, Ok, we were able to sell over inflated priced homes to people who obviously couldn't afford them and now we're going to buy them back for a pittance, throw them out and drain them for the rest of their cash by renting those rundown shacks back to them."

[RealEstate000]

Only the investors that dont know what they are doing rent back to the person who lost the home.

[kenji4861]

If this guy truly believed in what he's saying.. he wouldn't be running a dumb class like this. he would be "snatching up" all the real estates for a good deal and he should be filthy rich ... right?

[Whelkman]

In general you'd be correct, but there exist a few differences from typical "As Seen on TV" pitches:

* He mentions specific tools. I can't recall the last time I heard about bank REOs in an early morning real estate broadcast, but I haven't witnessed any since the sub-prime crisis. In any market, most late-night real estate pitches are centered on how "easy" the program is and how much it changes lives, not technical data.

[Whelkman]

In general you'd be correct, but there exist a few differences from typical "As Seen on TV" pitches:

* He mentions specific tools. I can't recall the last time I heard about bank REOs in an early morning real estate broadcast, but I haven't witnessed any since the sub-prime crisis. In any market, most late-night real estate pitches are centered on how "easy" the program is and how much it changes lives, not technical data.

[Whelkman]

* He doesn't claim "anyone" can do it; his program is billed as an "intense" three day event. Sounds excruciating.

* While gifted in explaining abstract concepts, he remains too technical to appeal to the typical "get rich quick" crowd.

* Most importantly, he's limiting his seminar to 35 people, far too few to represent a significant threat even if local. Spread across the country, their impact on his business will be negligible.

[Whelkman]

He may or may not be a flim-flam man, but, if he is, his marketing is terrible as he deliberately casts as narrow a net as possible. Conning 35 out of thousands is harder than conning thousands out of thousands. That said, we'll never know unless we hear testimony from participants.

[RealEstate000]

Bill Bronchick is a respected trainer in the Real Estate Investing arena. He's been around a bit. There is no con here.

[nicpro85]

Indeed good analyse he probably need money because he's too bad to convince bank that they can make money

but bak will wait and sell becaus ethey know better than anyone how goes the market. It's their job

[RealEstate000]

It's called multiple streams of Income.

[cfabbro]

Ah the free market in action... How can I profit off of other peoples misery?

[jaxyakker]

you could just them move in with you - that would be the kind thing to do.

[jrewen]

excellent!

[tyronebiggums3]

It's not just a subprime problem. Housing is priced way to high for the average person. It was a ponzi scheme. Wallstreet sliced and diced the mortgage-backed securities and sold the crap to the chinese, germans, and others. Lenders were approving $500K loans like it was pocket change, and to people with poor credit and 0% down. Go check the mortgage lender Implode-o-Meter and Hedge Fund Implode-o-Meter (perform search). Go read Dr. Housing Bubble.

[steinbeckthepearl]

It's not over yet! Don't forget, he works in housing industry! When the Adjustable Rate Mortgages (ARMs) re-adjust in the next few months, the result will be even more foreclosures. Housing's going lower - as I believe the stock market will, too. Beware the brief reprieve...

[23ofSeptember]

The subprime market became a major player after 9/11. The poor are now even poorer and the rich are even richer.

[Goat247]

Thats only good advice if you already own multiple properties. You cant rent out what you dont own. And even if you own the properties and you have a mortgage on it you will have to rent it out at a price that would at least cover the mortgage note every month. You have to charge over that amount to get a profit. With that, you run the risk of asking people to pay more in rent then they were paying on the home loan they just lost.

[Majellanz]

wait till the price pressure really comes on - huge pressure in SALES will create falling prices (in some areas), while rising FORECLOSURES mean UPWARD pressure on rents. You should be able to cover all the outgoings.

[skopskopivo]

In 1998, buying a starter condo could be covered by the renter payments. Since then, at 2006 renting a starter condo would cover only 70-80 % of the mortgage. The rents did not increase from 1998 to 2004 by a significant amount, whereas the values of the properties increased dramatically. The rental properties of starter condos will and has increased since 2005 by 10-12 %. The RE acts differently than stocks, shocks are slow. But wait! The prices will come down some more.

[mongobobo]

I agree with everything you stated. However, the government and banks are going to do everything they can to hold this scam up. After, land is all we have left in this country. It might be worth getting in when it comes down 15% because it won't be too long before your money in the bank isn't worth the paper it's printed on. Atleast land exists.

[fatmanmark]

well put.

[TheJubileeProject]

Excellent post. I appreciate this very much, and hope to use this to train more people in my area. Thank you.

[thirty30seconds]

This video saved my life! my house!! You are like a white-collar-criminal fighter. u blend in with your own white collar but those white cuffs say to me you are vested with information the public can trust. thx!!!

[thirty30seconds]

in all seriousness, this is worth watching.

[dynamicleverage]

DarylWilson(at)SecretMLMGoldmi­ne(dot)com

[dynamicleverage]

Awesome video BB!! Right on about the current situation of non-owner-occupied properties.