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Originally Posted by zerovdub
I am sure I am telling you what you already know but when i was in the mtg and real estate business I tried to hook up with divorce attnys (divorce=selling of house or refi to buy it out), financial planners (refi to save money to invest), and smaller building companies. Surrounding myself with successful people made me successful as well. Try attending some local chamber of commerce events, home buying seminars, etc.
Stop by an open house and introduce yourself to the realtor. Ask if you could run a sample scenerio of what a mtg would cost on the property for potential home buyers and have it there for the next open house (don't tell them you are an agent too!!). You could also try joining a leads-group. I am sure alot of mtg brokers have dropped out in the past year leaving a few openings..
Again, I am sure you do some or all of these things. I have just found them to be a few of the things that I did that actually brought business in...
Good Luck!!!
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Thanks man, appreciate the input.
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Originally Posted by Gzire
It's affecting people in different ways and by geographical regions. I've seen lay off's already and there's definitely been slow downs in all segments of our economy.
Personally, it hasn't done much other than maybe think twice about blowing huge amounts of $ on a new car or something like that. It's nothing new the real estate cycle has always been about 9 ~ 11 years with a streak of 4 ~ 7 years so I prepared myself for it. On the other hand, I never thought I'd see some of my property fall in value as much as some of them have though. There are lots of people who didn't plan and over-extended themselves only to loose their income property as well as their resdence.
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^^^Equity has dropped tremendously in some areas. Others, like here in downtown San Diego, it hasn't affected it yet. We still have our equity, but of course, there's plenty of brand new product to move and not enough buyers.