MentorLynx: What We're All About

Okay, so I was thinking the other day. I haven’t really mentioned what we do, our products and our program. So for this blog, I’m just going to explain what MentorLynx is all about it.

Our Focus:

We are a real estate investment training company. We want to be a supportive and effective mentor for real estate investors. We currently offer our programs to all areas in the U.S.

Cliff Gager:

He’s the captain of this ship. Cliff has been involved in real estate investing for nearly two decades. He’s also been a mentor for various gurus in for the past 13 years. He’s directly and indirectly been involved in thousands of real estate deals. He’s been through the ups and downs of the economy. Believe him when he says foreclosures are great for investors! He simply adjusts his strategies for the individual situation. His goal is to share his knowledge with those that are motivated to invest in real estate. You should see how happy he gets when a student calls us and tells us of another deal they just completed. His success is what motivates him. Without Cliff at the helm of this ship, there wouldn’t be MentorLynx.

Staff:

Cliff hand selects each employee. He has a lot of parameters when he brings someone onboard. He wants employees and connections with companies that have our students’ best interests in mind. I’ve seen him quickly and permanently distance himself from those he perceives as a negative threat to our students, programs, products, and company. It goes back to the fact that Cliff truly cares about our students.

Programs:

To align Cliff and our staff with our focus, we’ve created mentor programs. Currently we have five programs. We have a “Preview” which consists of an overview of real estate investing. We have a “Workshop” which offers three days of intensive real estate training. For really motivated real estate investors, the ones that really want to make real estate investing enable them to achieve their financial goals; we offer a “Basic” “Advanced” and “Ultimate” program. The “Ultimate” program is just that, the ultimate real estate investment training program.

Products:

To supplement training, we offer materials that are included in our programs. We also offer DVD training sets. We intend to offer products in the future separate from our programs. Stay tuned for those product offerings.




Do you have any questions about MentorLynx?

First-Time Investors Enjoying Buyer’s Market in Real Estate

The real estate market is currently a buyer’s market. Real estate investors are capitalizing on the current housing crisis. Housing inventory is up, mortgage rates are down, and existing home prices are projected to increase in the following years. Investors are turning to real estate to diversify their portfolio; especially investors who lost their retirement savings and suffered losses from the troubled stock market.

The housing inventory has steadily increased. According to the U.S. Census Bureau, the number of all housing units in the U.S. was 127,808 in 2007, 129,019 in 2008, and 130,159 in 2009. The number of vacancies was 17,635 in 2007, 18,545 in 2008, and 18,815 in 2009. As the housing inventory and vacant units have increased, the overall housing has increased as well.

As the housing inventory has increased, the Federal Reserve has reduced mortgage rates to encourage purchases. According to the Federal Reserve, a 30-year fixed mortgage rate was 6.34 in 2007, 6.04 in 2008, and 5.04 in 2009. The 30-year fixed mortgage rate was estimated to be 4.56 in July, 2010, according to Freddie Mac.

Existing home prices are projected to increase in the coming years. According to the National Association of Realtors’ (NAR) “U.S. Economic Outlook: August 2010,” the existing home prices was down in 2009 by 12.9% from 2008. However, NAR statistics show existing home prices increasing by 0.1%, 1.5% and 2.8% in 2010, 2011 and 2012 respectively.

The unemployment rate is also a factor in today’s buyers’ market for real estate investors. The unemployment rate has steadily increased as the recession began in late 2007. According to the Bureau of Labor Statistics, the 2008 unemployment rate was 4.6%, 2009 was 9.3% and the unemployment rate as of June, 2010 was 9.7%. From 2007 to June, 2010, the unemployment rate increased 110%. According to NAR data, unemployment rates are expected to drop from 9.8% to 9.3% in 2012. As more unemployed workers return to work, the demand for housing will increase. This will be a positive trend for real estate investors.

What do you think?