ForeclosuresMass - ForeclosuresMass Monthly - Welcome - Welcome! New Year's Resolution: To Have a Stupendous 2008! (January 2008)

As some of you know, Sheila and I have been working with a business coach. We're so thrilled with how coaching has positively impacted our business, we're focusing this month's issue on the topic. We've also been working on a killer new program that you do not want to miss -- be sure to read the Quick Tip for details!

Because we work with so many investors - and because we're investors and entrepreneurs ourselves - we know what keeps you from taking that first step to advancing your real estate game-plan. In this issue, our experts give you the low-down on how your own negative beliefs and fears prevent you from achieving success - and why you should hire a coach to help you change your approach, your perspective, and even the car you drive.

Are you still watching late night TV gurus? Are you working longer and harder hours with little or no reward? Do you hear yourself saying, "But I can't do that"? In his article, "Not Going Anywhere Fast? It's Time to Hire a Coach!" ten-year veteran E-Myth consultant and coach, David Hilton, explains how a coach can help you through changing your approach to business (and life in general) and what you need to put into the relationship in order to achieve significant ROI.

Have you been attending real estate investing workshops and boot camps? Do you read books about real estate? Hooray if you do, but if you've yet to make that first deal you need to seriously consider what's stopping you. In her article, "The Top Three Fears that Prevent You From Making that First Deal," real estate trainer and coach Kelle Sparta, Principal of Sparta Success Systems, explains how to overcome fears based on a perceived lack of knowledge, losing money, or not seeing yourself as a "real" investor.

Have you considered coaching but think it's too expensive and has little ROI? In this month's "Nothing Succeeds Like Success" interview, real estate investor and President of East Coast Investment Solutions, Joe Roche, explains how he took his real estate business to the next level - and the next level beyond that -- with coaching. If you want to know how to significantly increase your income potential, without working harder, then you'll want to read this interview!

* Next 37 17 investors only!

In this month's Mortgage Minute, Debbie Siegel talks about what to consider when determining how much loan you can really afford. In addition to the standard expenses, such as taxes and closing costs, you'll also want to consider the unexpected, such as commuting expenses and your own, personal, lifestyle.

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	Success Strategies: Blogging for Real Estate... A Primer for Starting a Blog Ted Demopoulos Blogging has definitely hit the mainstream - and with over 750 real estate blogs at last count - it's time you consider starting a blog if you haven't done so already. In his article, author and blogging expert Ted Demopoulos gives you his three success strategies for starting and maintaining a blog. The key takeaway: become familiar with the blogosphere and get to know other real estate bloggers before you jump in feet first.
	Legal Spotlight: How to Keep Yourself from Being Part of a Third Party Claim John B. DiSciullo, Esq. As a real estate investor, you have relationships with contractors, sub-contractors and other real estate investors - relationships that can leave you open to third-party claims if you're not careful. In his informative article, real estate attorney John DiSciullo talks about three of the third-party claims you're most likely to encounter: disputes involving contractors, insurance issues, and claims between buyers and sellers and how you can help prevent these disputes from occurring.
	Feature Article: Three Common Mistakes New Investors Make - And How To Avoid Them Sheila Farragher-Gemma, ForeclosuresMass, Corp. Success in real estate investing requires a commitment to keeping emotions out of the picture. Anyone who has plunked down hard-earned savings or leveraged their good credit to fund a real estate investment...
	Nothing Succeeds Like Success: Brian Jones Reveals His Marketing Strategies Brian Jones Looking for new ways to market yourself as a real estate investor? Brian Jones, who closed five deals in 2006, shares some of his strategies - including classified advertising and contacting junk removal companies!
	Success Strategies: Capitalize on the Current Real Estate Market with a Reverse Exchange Gary Gorman, The 1031 Exchange Experts Did you know that you can purchase foreclosed properties now, while the market is still down, but not take Title to them until you're able to sell your current properties when the market goes up (and thus defer capital gains taxes)? It's true - and you can do this with a reverse 1031 exchange. Like the normal 1031 exchange, the reverse exchange has its own set of rules and guidelines, all of which Gary Gorman, the reverse 1031 exchange expert, explains in this article.
	Success Strategies: What Banks See When They Look at Your Credit File Tammi Koza and Carl Phinney, Family First Mortgage Corp. Most people know the credit score is the first thing the bank looks at when reviewing a credit file, but did you know lenders also look at a host of other data? In this article, Tammi Koza and Carl Phinny explain why you need to view your credit file the way a bank does if you're serious about investing in real estate.
	Success Strategies: Five Tips for Building Successful Contractor Relationships Michael Burgess General contractors want to see you achieve success with your rehab project as much as you do. In this informative article, fulltime contractor Michael Burgess explains how to build a win-win relationship with your contractor. Think outside the box when it comes to due diligence, get detailed estimates, and run those numbers - you'll find the good contractors will call you!
	ForeclosuresMass Tips: Maximizing the ForeclosuresMass Website Jeremy B. Shapiro, ForeclosuresMass, Corp. "There are 142 NEW Foreclosures in your counties!" Each week, a message similar to this one appears in your inbox, notifying you of all the new foreclosures that have started in your counties. With so many new foreclosures filed each week, knowing what to do with them is as critical as knowing that there are new foreclosures...
	Interview with the Expert: Know How to Use Your Contingencies David Camiel, Attorney If you think you can use an escape clause to get out of a real estate contract, think again. Because the courts look unfavorably at escape clauses, contingencies are a better way to protect your interests - as either the buyer or the seller. Veteran real estate lawyer David Camiel explains the legal ins and outs of real estate contingencies and how they can work to your advantage.
	Interview With The Expert: Three biggest tax-related mistakes Dolly Di Pesa, President, Di Pesa & Company, CPA's With April 15th just days away, there's little that can be done at this point to change the reality of your 2005 tax return. That said, you can still have a substantial impact on your 2006 return. We caught up with CPA Dolly Di Pesa at her office in Quincy for her take on how professional real estate investors can avoid significant tax-related mistakes in the coming year...