Recovery From Worst Housing Slump Since 1930s Comes With Angel

By Bob Ivry

May 15 (Bloomberg) — The way out of the worst U.S. housing slump since the 1930s goes through Angel Gutierrez.

Gutierrez buys bad mortgages a dozen at a time for a fraction of their face value from lenders overwhelmed by the highest number of defaults in 23 years. When he goes door to door to negotiate lower payments for homeowners or pay them to move so he can sell the house, he’s speeding up the recovery by establishing a price for the homes and flushing out the least reliable borrowers.

“You buy the mortgage for pennies on the dollar, carry the big stick, tell the homeowner how it’s going to be, then double your money very easily,” Gutierrez said.

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Here is a sample of some role playing from my last event. Enjoy!

Thank you so much for making the Get Rich or Die Broke 2 day event one of the best ones we have ever had. The group dynamic was unbelievable and the stories of students doing deals are just remarkable. You know you are doing something right when you have students buying properties for 17 cents on the dollars. You guys are not realizing is that you are doing far better and doing it much quicker than I ever did. I am so proud but don’t stop, keep up the great work and I will see you for the next 2 day event in California on August 16th, 17th and Chicago on Aug 22 & 23rd. Please check the event calendar for more info of all my events. Enjoy this new blog.
J.T. Foxx