Bruce Marks Takes Owner Financing To A New Level

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’s mission is to help prevent home owners from facing foreclosure and repair their credit. He believes that in a healthy economy, people can afford housing and can obtain the credit necessary to own commodities and necessary items like cars. Through NACA’s program, people can refinance their home loans for free. They also offer free credit counseling, and loans for prospective home owners without down payments. NACA has remained successful because they set up agreements that their clients can adhere to. Since they’re not greedy, they maintain their customer base.

Marks always has a campaign going to combat the corrupt lending practices many banks put in place. Currently, he’s attacking banks like Countrywide who offer sub-prime or adjustable-rate loans. His aggressive attacks against greedy lending institutions give him notoriety among many banks, and popularity with others, like Citigroup, who have formed partnerships with NACA to offer affordable lending solutions to their clients.

Real estate investors are so happy with their success, they’re quick to both boast about their deals and share knowledge with others. Bruce Marks’s business follows that model. While he earns money as a financer, he also repairs peoples’ credit and offers them the opportunity to live the American Dream. When everyone benefits, we can all enjoy the REI Lifestyle.

If you want to learn more about real estate investing and “The REI Lifestyle,” please visit Wholesale Real Estate, then visit Michael Kimble’s blog at Wholesale Real Estate blog.

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