Combining Philanthropy and Wealth: Bruce Marks’s Real Estate Business

Really successful real estate wholesaling requires a substantial amount of business genius. That’s why we’re so lucky to have the secrets of so many real estate info-marketers right at our fingertips. The other day, I was listening to public radio and heard a story about a true real estate guru: Bruce Marks. He has started a nationwide movement to help improve the lives of millions facing foreclosure and credit ruin.

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.

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.

Michael Kimble’s daily blog at Wholesale Real Estate blog has more daily tactics and news, as well as real estate investing videos. He also has 4 free marketing systems that you can download, at : Wholesale Real Estate tips.