Bruce Marks Takes Owner Financing To A New Level
Saturday, 14 November 2009 09:39 | 
Written by Michael Kimble |
It's always great news to hear about successful real estate investors. The really successful ones have a great deal of business knowledge to learn from. Fortunately, they're happy to share their secrets with prospective real estate investors. When I heard a story about Bruce Marks on public radio the other day, I thought he sounded like the ultimate real estate investor: smart, successful, and generous. He has devoted his real estate career to helping others find affordable housing.
It's always great news to hear about successful real estate investors. The really successful ones have a great deal of business knowledge to learn from. Fortunately, they're happy to share their secrets with prospective real estate investors. When I heard a story about Bruce Marks on public radio the other day, I thought he sounded like the ultimate real estate investor: smart, successful, and generous. He has devoted his real estate career to helping others find affordable housing.
As soon as Marks graduated from the MBA program at New York University, he got a job as a regulator at the Federal Reserve Bank in New York. With the goal of helping those less fortunate than himself, he soon secured another position as a union activist for Boston hotel workers. By the time he was hired at the Union Neighborhood Assistance Corporation in New York, Marks knew how to run an ethical business. Eventually, he got so good at what he was doing for UNAC that he started his own nonprofit organization, the Neighborhood Assistance Corporation of America (NACA).
NACA is working hard to reverse the financial ruin caused by sub-prime lenders. They offer free services such as credit counseling and rehab assistance, and home owners can refinance their high-interest or adjustable-rate loans without paying any fees. They help new home owners secure affordable mortgages without down payments or closing costs. Marks believes that the only way lenders can truly become successful is by allowing their customers to thrive.
Currently, Bruce Marks is going after corrupt lending practiced by such financial institutions as Countrywide (notorious for the number of foreclosures they've experienced in the wake of unfair sub-prime and adjustable rate loans). While it sounds like Marks might be anti-big business, he has formed partnerships with Citigroup and a couple of other banks. Together, they find affordable loans for NACA's clients.
What's so great about Bruce Marks's business model is how fundamentally American it is: he's saving people from foreclosure, and giving them the opportunity to live the American Dream of home ownership. The most well-received real estate gurus are the ones who like to share their wealth, which Bruce Marks has dedicated his entire company to. Because he has such great business intelligence, Marks enjoys great success, and his clients reap the benefits of his program.
It's always great news to hear about successful real estate investors. The really successful ones have a great deal of business knowledge to learn from. Fortunately, they're happy to share their secrets with prospective real estate investors. When I heard a story about Bruce Marks on public radio the other day, I thought he sounded like the ultimate real estate investor: smart, successful, and generous. He has devoted his real estate career to helping others find affordable housing.
As soon as Marks graduated from the MBA program at New York University, he got a job as a regulator at the Federal Reserve Bank in New York. With the goal of helping those less fortunate than himself, he soon secured another position as a union activist for Boston hotel workers. By the time he was hired at the Union Neighborhood Assistance Corporation in New York, Marks knew how to run an ethical business. Eventually, he got so good at what he was doing for UNAC that he started his own nonprofit organization, the Neighborhood Assistance Corporation of America (NACA).
NACA is working hard to reverse the financial ruin caused by sub-prime lenders. They offer free services such as credit counseling and rehab assistance, and home owners can refinance their high-interest or adjustable-rate loans without paying any fees. They help new home owners secure affordable mortgages without down payments or closing costs. Marks believes that the only way lenders can truly become successful is by allowing their customers to thrive.
Currently, Bruce Marks is going after corrupt lending practiced by such financial institutions as Countrywide (notorious for the number of foreclosures they've experienced in the wake of unfair sub-prime and adjustable rate loans). While it sounds like Marks might be anti-big business, he has formed partnerships with Citigroup and a couple of other banks. Together, they find affordable loans for NACA's clients.
What's so great about Bruce Marks's business model is how fundamentally American it is: he's saving people from foreclosure, and giving them the opportunity to live the American Dream of home ownership. The most well-received real estate gurus are the ones who like to share their wealth, which Bruce Marks has dedicated his entire company to. Because he has such great business intelligence, Marks enjoys great success, and his clients reap the benefits of his program.
About the Author:
If this sounds like the system for you, please visit Michael Kimble's daily blog at Wholesale Real Estate blog to get started! Michael is currently giving away his 4 best marketing systems that bring in Wholesale Real Estate deals.
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