Housing Help for 5 states, why only 5?

Posted by Marshall on February 19, 2010

Seriously, why is Obama picking just 5 states to help out with the foreclosure crisis to the tune of an additional $1.5 billion???

I do not understand this logic at all.
We already have programs in place to help with affordable housing.
The banks already have loan modification/workout groups and loss mitigation departments.
The banks will already do a short sale which, many times is a better solution for the homeowner than a loan modification. (This is not legal advice either, but the options are there).

See the article below.
http://cli.gs/zgjTyz

The administration and the government as a whole need to focus 100% of their attention on how they can spur the private sector to expand and create more jobs.
The clues are right there in the article folks.
(Hint, it’s not going to happen if you increase taxes)

It is all about jobs, JOBS JOBS!!!!!

We can’t spend our way out of this by throwing money at more government programs and handouts!

The private sector can get the economy going again if they have access to funding.
Right now, they can’t get the funding they need so they are not hiring.
Thus, no one is producing anything and since 10% of the country is not working (Actually much higher if you take into account the number of people that are not looking for work right now), no one is buying anything.

Look at the housing sector. The only reason that housing has had an increase in anything is because of the tax credit for home buyers. Without that incentive (A tax reduction incentive) the housing numbers would be abysmal.

How is dumping more money to save someone’s underwater mortgage going to help the private sector?
The only people that will help in the long run are the government workers (Which we keep getting more and more of) and the BANKS!!!

The big banks all made money last year right?
What did the banks do to actually help the economy though? Nothing.
They did not lend any money out.
We the people forcibly loaned the banks money and they turned around and horded it and bought smaller banks to get more access to your money.

The government needs to help small businesses get more funding and then step back and get their hands off the economy. Don’t increase taxes, don’t overhaul our insurance programs which will increase taxes and greatly expand government. They just need to back off. Spending tax payer money just so you can say we are doing SOMETHING is just plain stupid. Obviously, the stimulus program has not helped. Over the last year, what has happened? Has the economy gotten better? Unemployment numbers haven’t.

One thing the government is doing that I support is they do have some programs to help investors supply affordable housing and to rehabilitate commercial properties. Why do I support this? Because it puts construction crews to work and it creates safe, affordable housing. This helps spur the private sector.

If you want to join me for a webinar on some of the available Government Funding Options for Real Estate Investors, enter your name and e-mail address below.
I’ll be holding an encore call on Tuesday night, Feb. 23 at 9:00 PM EST.

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19Feb

Hedge fund profits webinar

Posted by Marshall on February 10, 2010

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UPDATE: Since we couldn’t do the webinar last Thursday due to the weather, see my next post regarding what is now available.

http://rapidreiresults.com/wordpress/?p=553

This latest post explains how to get the special report on funding commercial real estate deals with hedge funds, both for your own deals and for finding funding for other investors.
________________________________________
Thursday Feb 11th at 9pm eastern time. You MUST register
and I’d do it RIGHT NOW:

Check out this video from Marcus and Millichap president Harry Green where he weighs in on the state of commercial real estate.

Back to our webinar info:

Here’s what you’ll learn:
UPDATE: **************************
Sign up now and get access to the replay webinar.
You will be automatically sent the information to get to the replay, plus the special report will be sent to you.
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* How to enter the secretive realm of the
hedge funds, to connect them with money making
opportunities right in your neighborhood right now

* How to benefit from the commercial real estate
crash, without investing a dime in buying or selling
properties

* How to find deals with almost no work, so you
simply introduce someone to a private equity
fund or hedge fund and get a guaranteed
commission that can be enormous

* How to find a lender as opposed to yet another broker.
The difference? You’ll have access to the direct
decision-makers on the loans you want funded. And
they’ll have access to private equity and hedge fund
investors because everyone is participating in the
loans, not brokering them to someone else

* How to submit a deal so that there is no further work
required on your part

* A simple “back of the envelope” way to know
that a deal is likely to fly, and when it’s not.

* What makes a good deal or a bad deal

* How to go to networking meetings and find deals
right and left

* How to connect applicants with lenders with a simple
two page form guaranteeing you will get paid, so that
is ALL you have to do, you’re done, and someone else
makes you money while you move on or pursue your hobbies
and spend time with family.

* How to make the big money in “commercial
loan modifications” and “workouts”

Register for the webinar here:

BTW. This training webinar alone is easily worth thousands to a
person who is willing to take the action steps and there MAY not
be ANY replay:

Full Disclosure: While Richard and I are covering a ton of great
stuff on the call, he can’t possibly teach you everything you
need to know in a 1-2 hour webinar.
There is an offer at the end to get further training and support
from Richard and his team. If you decide to purchase his program,
my company will be compensated and you’ll be helping me feed the
children (The Moreland Children, 4 with a 5th one on the way :) .

Get this though, if you decide to purchase the program, I’m going
to include a very special bonus to help you with your online
marketing as well. You’ll be able to apply this bonus to ANY
type of business you are doing online.
Remember though, there is no obligation to purchase anything
and the webinar alone is going to be worth some serious money.

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10Feb

Bad News… More Bank Failures

Posted by Marshall on January 30, 2010

Hey, did you hear the news?

Unless you get direct updates from the FDIC, you probably haven’t heard this yet. SIX (6) banks went belly up on Friday. That is a total of 15 for the year!! Last year, we only lost 140. Yeah right, ONLY 140. That was a HUGE number. This year is going to be an even bigger year of banks closing. I’ll bet that we see between 200-250 banks get shutdown.

So… WHO do you think is the most motivated seller out there right now? They don’t want you to know it and they put up a great front, but the banks and other lenders are the MOST motivated sellers for today and likely for the next 2-3 years. Why are they so motivated?

It’s simple actually, but not intuitive. The banks are getting hammered by the FDIC right now, so much so, the FDIC can not even keep up with the numbers of banks that they need to close. If the FDIC had the manpower and a way to handle it all, they would likely get it all over with quickly like ripping off a band-aid… but they can NOT handle all of the volume.

The Office of Thrift Supervision is one of the agencies that goes in and examines the banks’ books. If the bank is found to be out of compliance in the number of performing loans to non-performing loans and the amount of cash on hand, they have serious consequences.
So serious in fact, if the deficiencies are not corrected quickly, they come in and close down the bank. That is why you can bank on at least 2-5 banks closing on any given Friday right now.

What’s even worse, to help correct the issue, banks are calling commercial loans due to build up their cash reserves. The strange thing is, they are calling the PERFORMING LOANS due!!! They are then taking significant discounts on even performing loans just to raise cash. The reason the call commercial loans due is because they CAN. It is written into most of the commercial loans out there that the bank can call them due.

So, how can YOU take advantage of this situation?

If not more importantly, how can you HELP in this situation? Well, you and I are not going to fix this problem ourselves, it is just too big. However, there are several ways to help sellers, the banks and your own wallet in this economy. First, you need to arm yourself with the knowledge and the capital to get it done.

Good news!! If you are already dabbling with commercial real estate, or you think you’d like to, there are many ways to get involved. I suggest start small, learn the language and get relationships.
I will be hosting some webinars over the next several weeks to help you in that education process.

Also, if you missed my webinar on Thursday night, go below for the encore call.
You’ll see why once you get a chance to see it.

My guest has a way to accelerate your involvement in commercial real estate by hooking you up with funding straight from Government agencies that MUST lend this money out. In fact, they added an additional $4.5 Billion to this amount in 2009… Tons of it is still available.

If you tried to get on the call Thursday and couldn’t get connected, I would like to apologize. We had an issue with the original webinar link so we had to create a new meeting. A few people e-mailed me to let me know they connected but only saw a blank screen. So, I’m very sorry about the issue. To make up for it, Tuesday night I’m hosting an encore webinar.

Anyway, enter your name and e-mail address below for the replay.

***************************************************
Enter your name and e-mail address here for access to the encore of our webinar on Government Funding Solutions for Investors and Developers. It happens Tuesday, February 23rd at 9:00 PM EST, 6:00 PM PT.


***************************************************

We covered a TON of the questions that everyone sent in during the registration, and some of mine, too.

Of note, Sean went over:
• Low Income Housing Tax Credits
• HUD Programs
• Section 8
• The effect of the economic stimulus bill on us investors
• What the foreclosure bill has done to the market
• How much government money is available to us
• Soft financing programs
• Real live case studies
• And so much more

Full Disclosure: While Sean covered some great content on the call and there is no charge for the webinar, he can’t possibly teach you everything you need to know in a 1 hour webinar. There is an offer at the end to get further training and support from Sean.
If you decide to purchase his program, my company will be compensated and you’ll be helping me feed our children. :)
Just need to let you know that.

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30Jan