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I love the guys at Frank and Brian are middle-aged, a little doughy in the mid-section, and always chock full of good solid, and highly entertaining info. They’re the kind of guys you’d love to have a beer (or 7) with….kinda like me.


Equity in terms of real estate is defined as: the difference between the value of the property and the amount the owner still owes on the mortgage. It is the amount that the owner would receive after selling a property and paying off the mortgage. Source Link

So what, Craig. I’ll tell ya, “So what!”

In the video below, Frank and Brian talk about how the average owner in America is leveraged to about 94.5% of the value of their homes. We are leveraged! Stated another way…the average homeowner is Ska-Roooooed, if the market takes another downturn in prices. Do you think this could translate to more foreclosures? Can I get a “Cha-Ching,” from the congregation?

They also talk about how appraisers are killing all of us! You feel me on that don’t cha’



All this talk about a lack of inventory. If I read another story about, “Where are all the foreclosures,” I’ll puke. The REO’s are out there people. They’re coming. Question is….when the shit really hits the fan, will you be standing there with a wash-cloth or an umbrella? (I have no idea what that means….just roll with me.)


I’ve made a ton of money buying bank owned properties (REO’s) and I have every intent of making even more. How did I do it? I, along with some of the best wholesalers in the business, leaned from this real estate machine! You can make serious money buying REO’s for pennies-on-the-dollar, BUT you MUST Learn the Very Best, Tested, and Current Strategies for Buying Bank Owned Properties RIGHT HERE.

This chick is one fire (And she’s pretty hot, too). I’ve learned a ton and have actually made paydays from her advice – and you will too. <—- If you click the pic you can learn precisely how she is making huge profits in this 2012 market.

In the interest of disclosure, if you click the link above and buy this JAMMED PACKED info e-Book, I will also earn a small portion of your purchase. So lookey-look, you’re helping me keep this blog alive. Ain’t no one gettin’ rich here!

Seriously, Steph delivers the goods. Just last week, I had lunch with one of the hottest wholesalers in Maryland. He was telling me how he had to meet Steph on his trip to Tampa, because he’s made so much money from her e-Book. Do it. You’ll thank me when you make your first FAT payday!

Look, when it comes to big fat butts, no body does it better than Kim Kardashian. Are you kidding me? The chick is talentless, but she gets a few million eyeballs on everything she touches because of her ass? What has this world come to? I have a big ass too, but when it comes to real estate and buying it right, rehabbing it then selling it, at least I have some talent! Thank God, my investing career has thankfully been longer then Kim’s videos or marriages.

You may have recalled my hugely successful blog post a few days ago about all the fools out there buying houses at crazy prices. As those cash rich sheeps set themselves up for the inevitable slaughter, the good Shepard – Mr. Craig G. Fuhr, just set himself up with a sweety-bo-peety of a deal. You gotta stick to your guns people.

See how I did it in the video below.


I have to laugh sometimes about this business. For the last eight years, its been a roller coaster of feast or famine. The deals are either so plentiful dropping like bikini tops at spring break, or their so few they seem like a skinny chick at a Jenny Craig meeting. Its a wave, people. And right now, we’re in the dessert waiting for a drop of water.

But guess what? There are people out there EVERY day buying deals. Did ya hear me? The deals are out there. Watch my two minute video below  where to find out who’s getting all the deals!


Wanna be like the Donald? Buy yourself a couple mansions, a bunch of buildings, a trophy wife or two….oh wait, you don’t have the money for that? Well here’s how you get the money! Marketing, marketing, marketing! Its all about “the brand” people. From Coke, to Apple, to Trump, to yes, even Dr Dre (love those headphones) – you gotta have a brand. Did you know that creepy “Skeletor” of a thing, Bethenny Frankel sold her little brand for $50MIL. It wasn’t just a Cosmo mix, it was a Skinny Girl Cosmo Mix. Holy crap – if that ain’t marketing, I don’t know what is.

Here’s your 5 CRITICAL steps for marketing success:


Just like Whitney married Bobby (too soon?), you too will make mistakes along the way. Knowing the most common investor mistakes, however, is your best defense.

Unless you wore a helmet on the bus to school, the first rule is – know your market – should be obvious, right? Study your marketplace and what other investors, homeowners, buyers, and sellers are doing. Invest in your own backyard. Its probably what you know best, right?  Not every vacant house is a winner. Don’t waste your time on “stupid,” houses.  Too small, too main-drag, too ugly, too fringe does not work in this market.

Create an effective marketing campaign that brands you as a stand-out to drive leads and a marketing plan to secure long-term success. Remember, the typical response rate is 25 to 1, so don’t piss and moan when you get less than a handful of prospects.

I realize some of you may not have a lot of money to spend on marketing so here’s what: Spend what you can but spend it consistently. Pick a marketing niche’ and ride that ‘muv till the wheels fall off. If it’s working. Don’t change it. If you’re not getting the response you’d like – start testing new messages. Tweak. Don’t overhaul. And most of all, BE DIFFERENT!

Here’s a critical error most real estate committed by newbies: making business cards, establishing an LLC, and designing logos is NOT results. Its just action. There’s a big difference between action and results. Action doesn’t fatten your bank account, results do!

Finally, you may be all wide-eyed and keyed up for the potential deal like Justin when he saw Janet’s boob at Super Bowl, but keep the seller’s vision in mind, and look at the home from their perspective. Always remember however, that you set the home price, not the seller.

Make offers, people. No offers = no deals.

Mel Brooks once said, “As Long as the World is Spinning, We’re Gonna Be Dizzy & We’re Gonna Make Mistakes.” True dat Mel, but why not avoid these mistakes altogether.

Damn – I’ll sleep better tonight knowing that this is done! The motion to fine 5 major banks was filed today in Federal Court. Its safe to let your kids out again! You’ll recall that fine was a staggering $25 billion!

Can we all get on with our lives now knowing that all those buyers who were swindled into buying a house are now gonna get an average of about $350-1500.00 bucks BUT NOT the house. That’s gone. But, here’s an election year little gift for ya!

And, I’m gonna take an informal poll. Please email with the names of anyone you knew who got swindled by one of the banks mentioned below. I’ve bought hundreds of houses – so tell me, how do two people walk into a Realtors office, pick out a house, fall in love – then get swindled into signing 50 pages of fine ink, like some slight of hand by David Copperfield the banker! No one reads the fine ink….but your supposed to.

The Bitch-slapped banks include: Bank of America Corp., JPMorgan Chase & Co., CitiCorp, Well Fargo & bringing up (or taking it up the rear) is Ally Financial.

Here’s where it gets juicy: The banks will provide principal relief and borrower assistance totaling $17 billion. In addition, roughly $5 billion of the settlement will be paid in fines, while $3 billion will be used to help refinancing for homeowners who owe more than their homes are worth. The deal also includes new mortgage-servicing standards.

Instead of studying opera, I should have chosen law. Obama and and all his lawyers are splitting $5 billion large. I should have paid more attention Dr. Gordon’s music class.

Finally, does anyone think the Fed Gov is done? Really? Ever heard of big tobacco? Yeah, they got slapped and even though they’re looking like Courtney Love after a rough night, you can bet those lawyers out trollin’ will be coming back for sloppy seconds.

Bloomberg: “Foreclosure Settlement With Banks Filed in Federal Court”
WSJ: “Foreclosure Pact Alleges a Pattern of Malfeasance”
Courant: “Giant Mortgage Settlement Filed in Court”
New York Times: “What Homeowners Need Now” 

This data is dryer than a popcorn fart, so I gotta add a little spice. This week, Jennifer Love Hewitt announced, that she has two favorite body parts. I saw it on; “They’ve always served me well,” she said.” Hey, it was ON THE YAHOO HOME PAGE. Its not like I was searching for it. For my women readers who might be offended – think of this as your TMZ moment of this post.

That’s just shameless on my part isn’t it? Gees, I feel like Preston Ely all of the sudden.

And now back to our regularly scheduled real estate. Check the chart below. Uh, can you say opportunity? Does anyone really believe that the crisis is behind us, with the data below? Does anyone really believe that there is an end in sight to the short sales?









Here’s a bunch of factoids that could put you to sleep….just to show you that I’m not just a pretty face. There are brains behind my beauty. Is the market really getting better or is there just so little inventory that it feels like demand is swelling? Well, you be the judge after reading the following report from First American Improving Markets Index

The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the National Association of Home Builders/First American Improving Markets Index (IMI), released January 9, 2012. The IMI now boasts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

Is your neighborhood or area on the list below?\


Florence, AL
Tuscaloosa, AL
Fayetteville, AR
Denver, CO
Greeley, COB
Bridgeport, CT
New Haven, CT
Cape Coral, FL
Jacksonville, FL
Punta Gorda, FL
Manchester, NH
Cincinnati, OH
Oklahoma City, OK
Tulsa, OK
Corvallis, OR
Erie, PA
Philadelphia, PA
Chattanooga, TN
Clarksville, TN
Nashville, TN
College Station, TX
Dallas, TX
Victoria, TX
Madison, WI
Lafayette, IN
Lake Charles, LA
Worcester, MA
Grand Rapids, MI
Lansing, MI
Monroe, MI
Honolulu, HI
Ames, IA
Des Moines, IA
Dubuque, IA
Elkhart, IN
Indianapolis, IN
Minneapolis, MN
Columbia, MO
Joplin, MO
Fargo, ND

NAHB Chairman Bob Nielsen; a home builder from Reno, Nev. states, “The number of improving housing markets has risen for six consecutive months, and 36 states now have at least one metropolitan area on the list,”

NAHB Chief Economist David Crowe said, “This is a sign that a large cross section of the country is starting to turn the corner as local economic conditions stabilize.”  

Kurt Pfotenhauer (say that 3 times fast) stated, “The fact that there are nearly 100 markets now on the improving list shows that the momentum is building for a housing recovery and that more buyers and sellers are starting to feel confident enough to return to the market.

Seven markets dropped from the NAHB/First American Improving Markets Index in February as they experienced softening house prices. These metros include San Jose, Calif.; Washington, D.C.; Kankakee, Ill.; New Orleans; Worcester, Mass.; Jackson, Miss.; and Sherman, Texas.



Unless you’re living under a rock, you’ve probably noticed that REO listings have dwindled to a trickle slower than an old guy’s pee. (its all about the prostate, baby!) But I digress!

Where are the foreclosures? Where are the REO deals. Well, I have taken the time to speak with many experienced investors, REO agents,  and brokers and here’s my 4-minute take below. Watch out. Its coming.


I’d also advise you to look at this GREAT article on The KCM Blog

What do you think?