How are you funding your real estate deals? Seasoned real estate investors only

Posted by Marshall on March 8, 2010

Do you have your own bank setup so you can strike quickly on any deal?

If you are well beyond getting your first few real estate investments under your belt, do you have the funding you need?

Well, what if you could just fund yourself.
What if you could fund yourself and all of the smart deals your friends have as well.

Find out Tuesday night how to get there.
Put your name and e-mail address in below and you will receive further instructions on how to join us.

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8Mar

Why Buying and Holding Isn’t The Same Anymore…

Posted by Marshall on January 21, 2010

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.

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.

______________________________
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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21Jan

FHA Waives 90 Day Seasoning Rule

Posted by Marshall on January 17, 2010

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.

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17Jan

The last of the “No Money Down” loans…

Posted by Marshall on December 28, 2009

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

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28Dec

Sign Up Now For My 2010 Investor Webinar Series

Posted by Marshall on December 10, 2009

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
8) 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

______________________________
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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10Dec

How to fund ALL of your deals.
Not the same old tired methods.

Posted by Marshall on November 25, 2009

Would you like to know how to fund all the houses, land, apartments, and commercial real estate you want to buy, build, or develop without banks, brokers, hard money lenders or credit checks?

As a real estate investor or developer, you know that funding
is your biggest obstacle to success in real estate. You’ve probably
left several deals on the table in the last few years because you
couldn’t obtain funding or you were unable to negotiate suitable terms.

Imagine having the financing for all of your real estate
ventures without ridiculous fees, penalties or payment schedules.
It’s possible and it’s easier than you think. It’s not your fault that you haven’t heard of these strategies until now because they have not been taught until now.

What can you achieve if you have access to $500,000 or even $25 Million dollars to buy, build or develop real estate?

At this event, you will leave with ALL of the knowledge to fund the following real estate ventures:
- Single Family Homes
- Apartment Acquisitions
- New Subdivisions
- Raw Land
- New Home Construction
- Strip Centers
- Condo Conversions
- Manufactured Homes
- Mobile Home Parks
- Commercial Projects
- And more…

Get More Information

Disclosure: Compensated Affiliate. My company will receive a commission if you decide to purchase this course. Use coupon code PMB8456 at checkout for a $500 Discount. My company will receive a little commission and you will get $500 off, a win win. Then I can keep my site online and keep bringing everyone valuable information and other resources to grow your business.

HOW IS THIS EVENT DIFFERENT?
It’s different because I focus on teaching methods that work! These
strategies work for everyone from the landlord seeking to build their portfolio to the rehabber to the builder and the developer. You will learn how to structure every possible deal and we’ll show you more resources to access than any other event. We don’t waste time showing you methods that 99% will not use. This event is different because you
will learn…

  • How to Structure Short-Term, Mid-Term, and Long-Term Deals
  • How to Attract and Find Money Partners Without Having to Speak In Front of a Group
  • The 4 Different Target Groups of Money Partners and What They Want
  • Which Systems Work for Busy People and How to Work Around Your Current Job
  • The SINGLE MOST OVERLOOKED Resource That You Can Leverage Besides Cash
  • Specialized Entity Structuring for Money Partner Transactions
  • How to Identify Partners That Could Cause Havoc for You and How to Avoid Them
  • How to Get Rid of Bad Partners
  • & Much More is Covered Than Just the Basic “Get the Money You Need for Real Estate Investments Partnering”


ONE OF A KIND EVENT…
There is no other event like this one. Only at this event will you learn methods like Hybrid Deal Structuring and Floor-to-Ceiling Deal Structuring… plus more unique strategies and techniques that  Matt has used to create his own real estate empire! Even better, no one will
pitch products or seminars at this event! There is no pressure to buy
anything else. It’s 100% Content… No B.S., No Fluff, No Hype.

Matt will even show you how to pool money partners into one deal!
For ages, other “experts” have been telling you it’s illegal and they are 100% wrong! What else are they wrong about? Attendees of this event have raised tens of millions with pooling and you can too. Every possible funding strategy and technique will be explained in layman’s terms.

After this event, you will be armed with the most innovative and results-producing blueprints to fund every type of deal that you come across.
The Cash-Poor Investors will envy your success.


100% GUARANTEED…
Matt even guarantees you that no one else is teaching these strategies with the MOST DARING Guarantee ever offered by anyone…
If this isn’t the absolute BEST EVENT you’ve ever attended on Raising Funds, you’ll get your money back. No one is willing to back this kind of training with that Guarantee but one person… Matt Scott!

Get More Information

Disclosure: Compensated Affiliate. My company will receive a commission if you decide to purchase this course. Use coupon code PMB8456 at checkout for a $500 Discount. My company will receive a little commission and you will get $500 off, a win win. Then I can keep my site online and keep bringing everyone valuable information and other resources to grow your business.

READ THE REVIEWS…

“It is always rewarding to learn from an experienced investor in the trenches. Matt knows what he is talking about! Real world, solid, usable, current information any attendee can use immediately! One of the best I have attended. This seminar solved some problems for me on an 80 million dollar project!”
– Terry Vaughan, Owner of www.CREOnline.com
Creative Real Estate Investor for over 35 years

“As a commercial investor, I can attest that this is a straight up, no fluff bootcamp. I’ve been to other private money events and they were unprofessional and only gave us limited tools for small deals. Thanks to this bootcamp, I’m confident that my group can raise the funding to acquire $60 million in apartment buildings this year.”
– Joe Roche, Baintree Massachusetts
Clear River Partners, LLC

“This has been the most educational, no nonsense class we’ve ever attended. Your class is in a different league than the others. We appreciate your straightforward, no holds barred approach. Just one week after attending your class we’ve raised over one million dollars and have 220
units under contract for a purchase price of $6.5 million!”
– Gavin & Linda Harris, Lake Forest, California
Hargo Management Company

“Information delivered was more than I expected. I should have attended this last year before I made many of my mistakes which could easily have been prevented by the information contained in this conference. As always, Matt has been a tremendous teacher and experienced investor everyone can and should learn from.”
– Lawrence Bunde, Atlanta, Georgia

“Matt doesn’t just preach, he practices. Attending this event is one of the best business decisions I have ever made!
I’ve had the opportunity to attend other private money events thought by men not worth mentioning and Matt’s course is absolutely the best private money training available.”
– Andrew Davis, Evanston, Illinois

Get More Information




Disclosure: Compensated Affiliate. My company will receive a commission if you decide to purchase this course. Use coupon code PMB8456 at checkout for a $500 Discount. My company will receive a little commission and you will get $500 off, a win win. Then I can keep my site online and keep bringing everyone valuable information and other resources to grow your business.

P.S. Join our mailing list for updates on new posts, event information, available properties and other valuable information.
(We value your privacy and will NEVER rent, sell or share your address with any other person or company).

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25Nov