Guest article written by: Sean Carpenter
Foreclosures, Foreclosures, Foreclosures. That is a very popular term these days and yet folks are queasy about the investment real estate market.
Where do homeowners go when they lose their house?
Market rate housing or subsidized housing?
Traditionally, people do not have anything upon foreclosure and market rents are staying high in competitive markets. This leaves the affordable market as a great source for former homeowners.
A recent Associated Press Article outlined this crisis but also warned of another pending crisis.
The value of tax credits – what us developers are often given by the government when doing large deals – is worthless.
Keep reading…
“The government knows there is a crisis” and are looking for ways to fix it.
In fact, as I have been saying quite frequently, the Stimulus Bill is actually providing for holders of tax credits through the tax credit exchange program.
This isn’t bad, this is good!
So instead of working your tail off to get the tax credits, then getting your award, you now may not need to seek a investors.
Why? Because they are buying the credits back!
It’s time to figure out what deals are working and how best to get that next deal structured. Look for areas hard hit by foreclosures and see if you can put a larger scale project together.
The tax credits come through and you can either search for an investor or seek government assistance.
Easy enough? Don’t forget your developer fee – yep, that’s cash at closing!
–
Sean Carpenter is the nation’s leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I hosted a special webinar with Sean a few weeks ago. Currently, I have a replay of the webinar available. On the replay, you will find out about what’s involved in getting funding for your deals courtesy of Uncle Sam.
Enter your name and e-mail address below to reserve your spot for the webinar replay and find out more about what we covered. This is a very hot topic with all of the bail out money being thrown into the economy. The replay is available as soon as you verify your e-mail address. You will be able to watch it right away.
______________________________
Material Connection Disclosure: If you click on a link on this website, you may be using an affiliate link. This means I may be compensated if you purchase something from the company on the other end of the link.
Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and inform you of my experiences from Real Estate Investing. I can’t possibly know your financial situation or whether you will have the ability, motivation or determination to put forth the effort that is required to put a system or idea in motion to profit from it.
Before embarking on any business venture, you should consult with your financial advisor, accountant, lawyer and other professionals to help you determine if it is a worthwhile venture and to discuss the risks. I make no claims about how much money YOU will make with any of the information shared here on this site or any other website or e-mail that I may send you.
As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
____________________________________
Lamar Love
January 26th, 2010
Thanks for the connect on Twitter. Great info in your blog.
Please join us on Facebook at Real Estate Earning: http://tiny.cc/w9BKj
Thanks,
Lamar
Santo Fellenbaum
February 15th, 2010
This article has been without a doubt worth the time.
Lynelle Khalifah
February 15th, 2010
This has been definitely worth taking to heart.
Buster Kennedy
February 20th, 2010
I really like when people are expressing their opinion and thought. So I like the way you are writing
algarve apartments
February 24th, 2010
Thanks for sharing. Very helpful!I was browsing the web about this and found your blog.surely will keep in touchthanks