This is a great MP3 to download if you want to learn how to get traffic to your website and what to do to make your site more search engine friendly.
Search Engine Optimization and Traffic Generation « Rapid Web Domains.
This is a great MP3 to download if you want to learn how to get traffic to your website and what to do to make your site more search engine friendly.
Search Engine Optimization and Traffic Generation « Rapid Web Domains.
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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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.
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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.
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!
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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.
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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.
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By: Sean Carpenter
You have found your perfect deal. Now you are looking for a government grant or program to help you out.
This all requires a great team. Who is on your side?
My most common response to many who ask the question is that make sure you have a lawyer and accountant who know more than you.
Don’t get into a position where you need to educate your vendors.
Having a quality lawyer can get your deal closed that much quicker, while having a quality accountant can make sure your finances are in order.
A few questions for your potential staff:
Are you familiar with Government Financing?
Have you closed any subsidized transactions?
Do you know anyone from the allocating agency?
At least 2 of the three questions should be “yes” and should help you to make an informed decision. You may also want to inquire about the program you are seeking as well.
Count it as a bonus question!
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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’ll be offering an encore webinar of a special interview with Sean coming up on Wednesday, February 24th at 9:00 PM EST, 6 PM PT where I’ll be asking him about what’s involved in getting funding for your deals courtesy of Uncle Sam.
Find out more and pre-register for the call by entering your name and e-mail address below:
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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.
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Guest article written By: Sean Carpenter
Are you finding deals are getting tougher to close with the new restrictions banks are pushing on applicants?
Is it taking longer to get a deal done? Have you stopped looking for new projects to acquire?
The last year has been a very difficult period in real estate history. Some markets have declined upwards of 50% in value with no light at the end of the tunnel. Not very good news if you started your “buy and hold” in 2007, but will certainly work better for you now in 2010 as you pick properties up for a fraction of their price two years ago.
Not to mention cap rates are heading into the two digits in larger metropolitan areas. For some, this is an area of the market they have never experienced.
So what can we do to get some of these declining assets?
The banks that were lending up to 125% a few years back have either left the market or cap an acquisition at 70% loan to value. The remaining 30% is up to the investor. But raising the 30% slows down transactions and your friends in Congress have attempted to help.
In July 2008, the President signed the Housing & Economic Recovery Act (HERA), which among other things, provided $4.5B to all 50 states, some territories like Puerto Rico and the Virgin Islands, and the District of Columbia, to combat neighborhood declination by foreclosure.
These funds, known as the Neighborhood Stabilization program, were supposed to help investors, both for and non-profits, buy and rehabilitate foreclosed buildings in order to prevent the stable households from losing too much value. In February 2009, Congress added an additional $4.5B to the program, now known as NSP II, to further carry out the NSP mission.
This is nothing new. The federal government has been investing in real estate for years, at least since HUD was conceived during the Johnson administration in 1965 as part of the Great Society initiative.
HUD allocates through the individual States and territories upwards of $20B per year to facilitate economic development and housing activities. Additionally, many states have programs of their own that can match federal funds in addition to over $5B in tax credit programs available to stimulate acquisition, rehabilitation and new construction of real estate projects.
Buying and holding certainly isn’t what it used to be, but now the government wants to help you out more than ever. You just have to know WHERE to find the money and HOW to get the funds.
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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’ll be hosting a special interview with Sean coming up on Wednesday, February 24th, 9:00 PM EST. Find out more and pre-register for the call by entering your name and e-mail address below:
UPDATE: Since this webinar was a few weeks ago, if you register below, I will send you the encore webinar information as soon as you confirm your e-mail address.
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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.
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If you are looking for the LATEST in online and offline marketing ideas for your business, you should sign-up for my newsletter.
When you do, I will also send you a 100 Page E-book titled “Beginners Guide to Internet Marketing”. While it is not Real Estate Industry specific, it will give you a great overview of how to use the Internet to market your business.
It is geared more for someone that wants to start making money online, but the concepts translate very well to Real Estate or any business that is not getting enough traffic from their online efforts.
So, sign up below and I will rush that 100 Page E-Book over to you…It’s free, at least check it out.
This is great news!
While I’m not an attorney, the legal speak in the pdf below tells me that FHA is now going to allow a buyer using FHA financing to purchase it even if the seller has not been on title for a minimum of 90 days.
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf
The 90 day seasoning rule was instituted to try to keep “Illegal flips” from occuring. I have “illegal” in quotes because it is only illegal if someone is committing fraud by getting an appraiser to appraise the property for MUCH higher than the real value of the property.
This is totally illegal and I’m pretty sure you can be put in jail for that. Again, I’m not an attorney so don’t take my word for that.
However, the way most of these transactions are happening is this. An investor purchases a property either from a bank or from a homeowner in distress at a substantial discount because of the distressed situation.
Banks do NOT want to spend money to fix up foreclosed homes.
Homeowners that are having trouble making house payments do not want to make repairs either. They are struggling just to pay their bills.
Why would they continue to repair a home they are likely going to lose in foreclosure anyway?
So these properties NEED an investor buyer to step in and buy the home and rehab the home back to move-in ready condition.
Well, in these times of tight credit, it’s next to IMPOSSIBLE to get a decent rate on a long term loan for an investor. So, rather than holding the property as a rental, the investor fixes up the home using high interest loans.
The investor then turns around the property and finds an end buyer that wants to live there. Typically, the end buyer still gets a really good deal on now an updated home rather than a distressed property.
Well, when FHA decided to implement the 90 seasoning rule, that eliminated a TON of buyers, especially first time home buyers that typically rely on FHA programs to get in with low down payments.
They don’t typically have extra money to fix up a home.
So, I welcome this change for everyone involved. It is going to speed up the acquisition of these distressed properties because now the investor will have an easier time finding a buyer.
What do you think of this plan?
Leave some feedback below.
Most everyone thinks that there is NO WAY to get a “No Money Down” loan.
Well, there are still a few programs out there that offer either low down payments or in the case of the USDA rural development program, no money down.
If you are an investor, you can’t use these loans to purchase investment property, however, if you have a property you need to sell, this is a great way to open it up to more buyers.
Check with your local lender to find out if the home qualifies. It must be located in a “Rural” area as defined by the USDA.
There are several requirements that a buyer needs to meet including income limits and total debt limits, but this is a great program to help more people afford a home.
http://www.rurdev.usda.gov/rd/pubs/pa1501.pdf
Check out the requirements at the link above. Be patient, it is a slow download because the PDF is filled with several pictures. You may be able to find out if your property is eligible by visiting the link below, but you should also verify with a local lender or your local USDA field office.
http://eligibility.sc.egov.usda.gov
http://www.rurdev.usda.gov/rd/pubs/pa1501.pdf
The loans are attractive to lenders because the government is guaranteeing them. In fact, the Freddie Mac website even has a description of the program to encourage lenders to offer the program. See their description below.
http://www.freddiemac.com/sell/expmkts/guarrur.html
Kick off 2010 with a bang by learning this program.
By the way, if you would like to learn more about ways to increase your real estate investing business in the new year, sign up for my "2010 Investor Webinar Series".
See the post below for more information or just enter your name and e-mail address below and I will immediately add you to the notification list.
http://rapidreiresults.com/wordpress/?p=382
I am planning a webinar series and already have several top notch Real Estate investors lined up.
However, the schedule is not set yet.
Sign up for the webinar series by entering your name and primary e-mail address (So that I can notify you of the webinars).
If you are among the first 50 people to sign up, YOU are going to get to help me shape the seminar series with the topics YOU want to hear about.
Do you have a certain burning question you need answered?
Would you like the opportunity to grab the ear of some of the BEST investors in their particular field?
This is your opportunity. I have been building this series up for several months.
I’m getting ready to set the schedule.
Get on the list and let me know what you are looking for.
Here are some examples of things I’m thinking about.
1) Funding
2) Marketing – For buyers and sellers
3) How to super charge your retirement accounts
4) How to save on taxes
5) How to select a contractor
6) Commercial Investing
7) Loan Modifications
Short Sales
9) Wholesaling
10) Wholetailing (A little different from Wholesaling)
11) Selling on land contract
12) Dealing with distressed homeowners
13) Buying REO properties
14) Bulk packages of REO or Notes
15) Note Buying
16) Land Contracts
17) Self Storage
18) Government grants/loans
The above is just a start. I want to hear from you.
If you tell me what you want, I will schedule accordingly.
Let me know.
Sign up for the series by entering your name and e-mail address above.
I will send you a copy of Think and Grow Rich and give you access to the most recent webinar I have available.
Thanks for stopping by.
Marshall
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Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and help educate you with my knowledge and experience from Real Estate Investing. As always, 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 my information. As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
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