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Real Estate Investing

  • May
    29

    Real Estate Investing – $8,000 Stimulus To First Time Home Buyers

    Real Estate Investing – Government $8,000 Stimulus to First Time Home Buyers

    I am amazed at how many banks have NO idea how to utilize the $8,000 stimulus package from the government.  This is a great time to sell a house you are in desperate need of selling or a great time to flip a house.

    The key is finding a local bank knowledgeable in the area of the $8,000 stimulus designed for first time home buyers.  It may take you all day to call banks, but as I keep repeating on my blog post.  Persistence is the key to becoming a successful real estate investor or any business for that matter.

    Creative Ways to Finance the Deal until the $8,000 First Time Home Buyer Credit is Received:

    1.       Homeowners re-file upon closing on the house and receive $8,000 stimulus package from government within a couple of weeks. (talk to CPA)

    2.       Certain banks have programs where they float them a loan for the stimulus, once, they $8,000 stimulus is received then this money goes to pay off the short term loan.

    3.       Investors can hold the 2nd mortgage until the homeowner receives the $8,000 stimulus.

    Real Estate Investing is all about being creative.   In these uncertain banking times, we need to be even more creative.  These ideas above are the ones we are using to sell our wholesale and flip houses.  Most banks also have credit coaches they send the homeowner to if they need to clean their credit up a bit.  Most can be cleaned up within one year.   During the duration a rent to own works.

    The deadline to receive the $8,000 first time home owner stimulus is in December.  So, get moving and sell those houses.   It time to make quick cash and move onto your next deal.

    Bob Proctor is giving away his program for $1 to selected students on a trial basis.

    http://www.thesgrprogram.com/online/lessons?m=49f85564b2e21

    Yup, they were lucky enough to get a 7-
    day trial of the entire SGR program, PLUS 
    all FIVE bonuses for just a single dollar.

    But be quick. This is only available until 

    Wednesday, 10th June.

    http://www.thesgrprogram.com/online/lessons?m=49f85564b2e21

    cashflow Cindy

     

     

     

     

     

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  • Apr
    24

    Real Estate Investing - Risk-Free Real Estate Investing

    Real Estate Investing Secrets - This Offer Is Contingent…

    Contingency Clauses Make for Risk-Free Real Estate Investing

    Mary just found what she thinks might be a great real estate deal. The property is being sold for a below market price and it has lots of potential. She hasn’t run the numbers, so she’s not positive that she wants to buy it. But she knows that if she doesn’t get it under contract now, another investor will come along soon. How can she put it under contract–without financial risk to herself–in order to analyze it further?

    The answer is simple. Use a contingency clause.

    When writing offers to purchase real estate, it is essential that you include language in your contracts that protects you and gives you greater control. This is true whether you are dealing with:

    • For Sale by Owner (FSBO) properties,
    • Properties marketed through the MLS, or
    • Properties that have been repossessed by financial institutions.

    Every buyer’s contract should contain at least one contingency clause. But what exactly IS a contingency clause? It’s simple: A contingency clause is language that let’s you get out of a real estate contract–if everything is not what it initially seemed to be–without losing a penny.

    Three Savvy Clauses
    There are literally hundreds of contingency clauses you can use as a buyer. But you don’t need hundreds in your contract–you only need one to get you “off the hook” if you decide not to go through with a deal. Here are three popular and powerful contingency clauses:

    1. This offer is contingent upon buyer receiving favorable financing.
    2. This offer is contingent upon buyer’s inspection and approval of property before closing.
    3. This offer is contingent upon buyer’s partner’s inspection and approval before closing.

    (The third clause can generally get you out of any contract and could easily be modified for use with someone other than your “partner”–perhaps your CPA, attorney, spouse, or another friend or family member.)

    Canceling a Transaction Is Your Right
    Some people refer to contingencies as “escape” clauses or “weasel” clauses as if it were somehow wrong to cancel a transaction. But remember, a real estate contract gives you–the Buyer–the specific right to do additional research to make certain that you want to conclude the transaction. And the Seller agrees to give you this right when you use a contingency clause.

    What if Mary inspects the house the day before the closing and says, “This is not what I thought it was. I don’t want it.” Can she get out of the contract? Yes. Does she have to close now? No. Assuming she put down earnest or escrow money, can she get it back? Of course. So what is her risk? None!

    Make Offers with Peace of Mind
    Obviously, this doesn’t mean you shouldn’t go around writing contracts on properties you have no intention of closing on. Discretion and integrity are important, no doubt. But it does mean that when you use a contract that contains a contingency clause, you can relax and make the best decision for you–with no financial risk.  (written by Trump University)

    If you are looking to learn how to analyze deals; John Dessauer has a ‘Real Estate Toolbox ‘that contains some of the best organizing and analyzation tools in the business today. 
      Find Your Life’s Freedom’s! Take Action Now!!
    The first part of the real estate investing program, Personal Real Estate Portfolio –or P.R.E.P- organizes your current properties in such a manner that you can track all of the important income and expense statistics so that going over them with bankers, partner or other members of your team is easy.

    The second part, Real Estate Acquisition Portfolio, or R.E.A.P, organizes your personal financial situation so that you can work with your bankers or financial partners in an educated and informed manner. Your personal financial statement can be built at your fingertips. Do not underestimate how important it is to provide financial information in an organized fashion.

    The third part of the real estate investing program is powerful analyzing software that can make your investment decisions easier. It identifies major opportunities in real estate by calculating Return on Investment, Cap Rates and Debt Service Coverage. It also allows you to track your possible investments by using pictures, video and even sound!

    Whether your game is single family homes, apartments, or commercial office buildings, The Real Estate Toolbox is a must have for the professional investor.  Its a great real estate investing program!
      Find Your Life’s Freedom’s! Take Action Now!!

    cashflow Cindy

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  • Mar
    30

    Real Estate Investing – Recession

    Real Estate Investing – Recession

     

    Whenever my husband or my kids turn on the T.V. all we hear is doom and gloom.  I even ended up getting caught up in this recession.  However, I talked to one of my real estate investing course coach and as she mentioned, she does not do recessions.

    Neither do I!  I am no longer in the doom and gloom mentality but back in the prosperous mentality.

    Real Estate Investing is wonderful and it’s the best way to become wealthy.  I am an information junky on real estate procedures.   However its Good information that I look for in books that I read, real estate seminars that I attend.  If you read Napoleon Hills Book, Think and Grow Rich, as he writes, 90% of the Millionaires/Billionaires made their fortunes in Real Estate.

    Well, folks back to the lowest prices in Real Estate since the Great Depression.  Don’t miss this opportunity to buy real estate at bargain prices in today’s market.   Through attending many real estate seminars within the last several years; I’ve obtained a networking of people. 

    I find the same common characteristics with these individuals; they all want to buy Real Estate however many of them have excuse after excuse.  Until these people realize these are all excuses and overcome their all fears, they will sit back and whine about whey they are unable to buy real estate. 

    However, in 2 years when the Real Estate market starts to appreciate these individuals will be complaining how they could of bought this piece of property at a bargain price however did not and list their reasons and explain to the masses.

    Don’t be the person sitting on the fence and watch others become millionaires investing in Real Estate.

    Marshal Sylver teaches confidence in his students through his  Mind Power Seminar.  He also has everyone of his students go up on stage and eat fire.  Why Fire?  Confidence building, even if you don’t want to become a real estate investor.  Its all about what is happening in your mind.  

    He is offering a 2 for 1 special.  Plus this link allows you to watch his 2 hours seminar for FREE:  Go grab your coffee, sit back and Learn!

    http://prosperityalliance.com/cindyconradt

     

    Meaning, you get to attend two seminars for the price of one.  He is giving you a FREE ticket to the Turning Point Seminar.  My sister and I attended his Turning Point seminar last January and it was worth the $1,995.00 price.  However, with this price we only received the Turning Point Seminar.  You get to attend the Prosperity Alliance Seminar too.

     Once you sign up; they mail you a product pack full of CD’s and DVD’s.

    http://prosperityalliance.com/cindyconradt

     

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  • Mar
    17

    Real Estate Investing - The Science Of Getting Rich

     Real Estate Investing - Science of Getting Rich (Written by Wallace D. Wattles)

    Go to your local library and check out a copy of the book “The Science of Getting Rich”. Only 3% of people own a library card if you are one of these people.  All you need to do is walk into a library and request an application to fill out to obtain a library card.  It’s FREE

    http://store.sixminutestosuccess.com/?aid=588984

     Today’s lesson with Bob Proctor on sixminutestosuccess was on Chapter 7 in the book, “The Science of Getting Rich”.  This chapter is on Gratitude.  I want you to take six minutes and think about everything you are grateful for in your life.

     Real Estate Investing requires the skill of Gratitude.  We all need to Thank God for our wonderful wealth we have obtained or are about to obtain through real estate investing.

     Now, call up three of your friends or family and tell them You are Grateful for their friendships.  Tell them three of them today!  This is an excellent habit to do each and everyday. 

    http://store.sixminutestosuccess.com/?aid=588984

     It is critical that you observe the Law of Gratitude if you are to obtain the result you seek in your real estate investing.

     

    SixMinutesToSuccess Banner

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  • Mar
    5

    Real Estate - Housing plan ’should get ball rolling’ (USA Today)

    Excepted from USA Today
    WASHINGTON — The Obama administration Wednesday outlined details of a $75 billion housing rescue plan expected to help as many as 9 million American homeowners rework mortgages into more affordable monthly payments.

    The program will apply to loans made on or before Jan. 1, 2009, and modifications will be allowed only once. Mortgages with a first loan of more than $729,750 do not qualify.

    The plan runs through 2012 and starts immediately.

    “It is imperative that we continue to move with speed to help make housing more affordable and help arrest the damaging spiral in our housing markets, just as we work to stabilize our financial system, create jobs and help businesses thrive,” Treasury Secretary Tim Geithner said.

    Sinking home prices and mounting foreclosures are dragging down the economy. By the end of last year, at least one in five U.S. homeowners with mortgages, or about 8.3 million people, owed more than their homes were worth, according to data released by First American CoreLogic.

    “Today’s announcement means you should call your lender to find out if you qualify,” says Lawrence Yun, chief economist at the National Association of Realtors. “This should get the ball rolling.”

    Details:

    •Loan refinancing. Up to 5 million homeowners with a solid payment history on mortgages held or owned by Freddie Mac and Fannie Mae will be eligible to refinance into more affordable terms.

    People will be able to refinance even if they have less than 20% equity in their homes, and an appraisal may not be necessary.

    •Loan modifications. Lenders and other servicers can immediately begin making modifications that could help up to 4 million at-risk homeowners stay in their properties.

    To be eligible, homeowners with a first loan can have an unpaid principal balance up to $729,750. (Higher limits will be allowed for owner-occupied properties with two to four units.)

    Incentives also are provided to get lenders to modify mortgages if a borrower isn’t late on payments but is at risk of default.

    “I like the plan because it addresses (homeowners) who are not behind on payments,” says Yun. “It addresses people who could default. It’s proactive.”

    •Lenders and other servicers. Servicers also must follow an established process to reduce the monthly payment to no more than 31% of the borrowers’ gross monthly income.

    Servicers will get financial incentives, such as an upfront fee of $1,000 per modification, to encourage participation.

    We are looking for your feedback regarding this article.  Please leave your comments.

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  • Feb
    19

    Real Estate Investing - Where do you find Forclosure Properties?

    Real Estate Investing: 

    Where Do You Find Foreclosure Properties?
    Before Your Competition Does!
    By Jarad Severe

    There are a plethora of places to look when you want to find foreclosure properties. The key is finding them before someone else does. You can find foreclosure properties on the web, newspapers, lis pendens lists, seminars, direct mail, word of mouth, friends, real estate agents, real estate offices, and lending institutions just to name a few.

    Check out these deals:

    http://serene.ewimultiplestreams.com/index.php?base=featured

    The Internet is a good place to search for foreclosure properties for real estate investors.   Several foreclosure listing companies actually search out notifications of default and sell a subscription to those who are willing to pay for this information. Just remember, this is the easiest way to find properties, so beware of competition. Also beware that some of these subscriptions are just a way to make money and provide little or outdated information on these foreclosure properties. If you decide to test one out, make sure they give you a free trial period so you can see how current the listings are.

    Newspapers are another great way to find foreclosure properties for real estate investing.   All states are required by law to post a public notice of auction in a newspaper for all foreclosure properties. You can look up these notices and send a letter to them, call them or stop by. Another option, you have as a creative investor, might be to place an ad in the newspaper yourself to attract those who are in foreclosure. Believe me, if you have a good ad, your phone will begin ringing off the hook. You see, sooner or later the homeowner finally realizes they cannot save their home. Then when time runs out, they have no choice but to call, and during this time they are very motivated.

    Check out these deals:

    http://serene.ewimultiplestreams.com/index.php?base=featured

    Direct Mail is one of the best ways to find the “GOOD” foreclosure properties for real estate investors.  This is because you can talk to a person who is still in the pre-foreclosure stage and negotiate a nice discount on the property. There will be fewer investors that even know about the property, however, there is more work involved these kind of foreclosure properties.

    Real Estate Agents are a good way to find foreclosure properties. Normally, banks that end up with foreclosure properties will hire an agent to represent them. Banks are not in the foreclosure business, they are in the lending business, so they too are very motivated to sell. Agents have connections and can get a list of some “bank-owned” properties.

    Word of mouth is a technique that all the good investors use. Let it be known to everyone you come in contact with that you are a real estate investor who specializes in foreclosure properties. You should make some business cards as well that say “I specialize in foreclosure properties” and hand them out to everyone you know. You will be amazed what this will do for you. You may get a call from your friend’s, friend’s, sister’s, friend who needs help avoiding the public auction.

    There are so many excellent ways to find foreclosure properties. In fact there are many more than what are listed here. The idea is that it’s a numbers game. You’ve always got to be working to find more deals. Find out which methods of finding works for you and go with it.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Check out these deals:

     

     

     

     

     

     

    http://serene.ewimultiplestreams.com/index.php?base=featured

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  • Feb
    9

    Real Estate Investing - What is a Short Sale?

    Real Estate Investing - Understanding the process and your place in it 

     A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. As an investor, instead of buying from a seller, you are purchasing the property directly from the lender for a discount.For example: A homeowner who is facing foreclosure, has an existing first mortgage of $300,000. You write an offer to the lender for $220,000, which is accepted as full payment for the loan. This is a short sale.

    Why are they willing to take such a discount? Several reasons. First of all, banks do not like excess inventory and bad loans on their books. Therefore, if they see an opportunity where they can sell the property without a huge loss, they will do so.
    Secondly, lenders know they could lose a lot more money if the property goes to auction. There are so many fees involved if the property goes to auction that they would be better off taking the discount beforehand and be finished with the headache of it all.
    At the time of this writing, foreclosures are at an all time high, which basically translates into more opportunities for you. Since foreclosures are increasing, this is the perfect time to jump into using this strategy because there will be more and more lenders discounting properties.
    It is safe to say that most lenders will accept a short sale. However, you may come across one or two lenders who will not discount. It really comes down to if the numbers work out for the lender, they will do it.
    It is best to do a short sale when the property is in the pre-foreclosure state. Yes, you can perform a short sale when the bank owns the property, however your profits will, more than likely, be smaller.
    There are two stages within pre-foreclosure. The first stage is when the homeowners are behind on payments and the second stage is when the homeowner is behind on payments with a notice of default.
    In order for this to work properly, and for you to successfully get a short sale, you must find the homeowners who are in the second stage of pre-foreclosure, or more than 3 payments behind on their mortgage.
    Once the notice of default has been recorded, banks become motivated as well, so you are more likely to get a discount. Until that time, very rarely will a bank ever discount a mortgage that soon. Why would they? The homeowners still have time to cure the loan and make up the back payments.
    It does not matter what type of house or condition it’s in, all mortgages can be discounted. The best properties to perform a short sale on are the houses that need lots of work and repairs because lenders will give you a bigger discount if they see they are “don’t wanters.”
    Properties that are over leveraged are also prime candidates. Most rookie investors who see a house over leveraged with an upside-down mortgage may think there is no hope for this property. On the other hand, this is a sweet deal to the savvy investor.

    Properties with large 2nd mortgages are also treated as gold because the 2nd mortgage is wiped out at the foreclosure auction. Lenders with a 2nd and 3rd mortgage position would rather have something than nothing.

     

     

        

     

     

    By Jarad Severe

    To view cash flow real estate go to http://serene.ewimultiplestreams.com/index.php?base=featured

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  • Jan
    21

    Real Estate Investing - Why is Today

    Why is Today the Best Time to Buy Real Estate?

    Are you leveraging the real estate pricing drop for your own financial advantage? The current recession coupled with the rapidly rising quantity of foreclosures has presented real estate investors with a real financial opportunity. For those investors who capitalize on reduced pricing by building a real estate portfolio, financial gains are available to generate. However, real estate investing is not for everyone.

    Before you take the plunge into the real estate market, it is essential to understand both the risks and the opportunity. Increases in home foreclosures have also increased the requirements for real estate buyers who are seeking financing options. Take time to assess your present financial situation to determine how much capital you have available for down payments, closing costs, repairs and to cover mortgage payments in the event that you must hold onto the property before it sells or rents to a tenant.

    Great cash flow deals at  http://serene.ewimultiplestreams.com/index.php?base=featured

    What is the Upside to Real Estate Investing Today?

    The upside of real estate investing today has never been higher. Everything is on sale! And as we all understand, when things are on sale, you are buying much more for your money. If your end goal is to sell a property for a profit, your potential profit margin increases substantially when you locate a property at a discount.   Great cash flow deals located at http://serene.ewimultiplestreams.com/index.php?base=featured

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  • Jan
    6

    Real Estate Investing - Retail Flip

    Real Estate Investing - Retail Flip is difficult to do these days with banks securitizing the deals and expecting buyers to have over a 700 credit score rating.

    With the New Year of 2009 we are still in the middle of confusing with the banks changing their criteria almost daily.  Even the mortgage loan officers are experiencing challenges with the rules changing daily.  The banking industry is going under significant changes.  We are still in the middle of these changes and too be honest and wondering when these changes will subside.  Today Banks are expecting home buyers to have immaculate credit.  This makes it extremely challenging for you and I use the Retail Flip Strategy in Real Estate Investing.  We used to buy a home, fix it up and then turn around and sell it to a home owner.  Today its about buying cash flowing properties not Retail Flips.  http://serene.ewimultiplestreams.com/index.php?base=featured

    Today, the appraisals are coming in low or lower than 1 year or even 6 months ago.  Everybody even the appraisers are running scared.  They don’t want to appraise the property to high for fear of a law suit or lose their jobs (no pointing of fingers).  Today the whole mortgage industry is running in FEAR.  FEAR has never been a way to run a successful business or base decisions off of FEAR.  When it comes to real estate investing we need to remove the word FEAR and base our decisions on running the numbers. 

    Today is the best time to purchase cash flowing real estate.  2009 is all about running the numbers.  When you run the numbers and the property pays for itself then you need to be serious and think about moving forward on real estate investing.

    Click on link to find some Excellent Cash Flowing properties   http://serene.ewimultiplestreams.com/index.php?base=featured

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  • Dec
    23

    Cash Flow Real Estate as a Gift

    Have you ever thought of giving Cash Flow Real Estate as a gift?

    I went to a Real Estate Seminar last February and a mentor of mine announced on stage how her and her husband gave each other Real Estate for gifts.  Instead of buying depreciating assets as rings, cars, flowers they gave each other Real Estate for Birthdays, Anniversaries and Christmas!

    I thought to myself, “Why didn’t I think of this great idea?”  The best gift you can give your kids is financial security and Cash Flow Real Estate fits this criteria.  Cash Flow Real Estate means the property brings in enough cash to cover the Mortgage, Taxes and Repairs.  As a matter of fact, I listened to a Real Estate Conference call this morning and my mentor instructed all of his students anytime a piece of Real Estate is purchased and covers all of your expenses then you are Building Wealth.  What a Great Gift to give to your loved ones:  Cash Flow Real Estate    http://serene.ewimultiplestreams.com/index.php?base=featured

    Your friends, family and children will always remember you gift due to rental income stream received each month.  The other part of this gift is they will also remember this gift 10 years down the road when the building appreciated so the value of the property went up exponentially and rents have increased. 

    http://serene.ewimultiplestreams.com/index.php?base=featured

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