I’m hosting a webinar tonight for you to revolutionize your real estate business.

http://rapidreiresults.com/sellpoint

- How To Inject Your Real Estate Business With Lead Generating Adrenaline Using The Internet to Do (Very Little) Work Once, And Get Paid Forever!

- Using “I-BOTS” to DOMINATE your local real estate market to find hundreds of deals, locate private lenders, and sell properties in as little as an hour…

- Using the LARGEST social media platform to become THE recognized AUTHORITY in your market. You can do this with NO money and just a few minutes of your spare time!

- Why video is the most powerful TRAFFIC AND CONVERSION tool ever created… and how to use it for YOUR Traffic and Conversion.

http://rapidreiresults.com/sellpoint

Technorati Tags: real estate, real estate investing, Wholesaling Real Estate

If you are on my e-mail list or you’ve read my blog or Twitter posts for the past few weeks, you may have noticed I’m cleaning up from a very messy…  ahem….   separation from a former tenant.
Well, as I was trying to get the tenant to vacate the premises prior to their eviction date, I had them served with a court notice to vacate the premises or show up in court.

Had they vacated a week earlier, I could have saved them from this embarassment.

However, they chose to ignore my request and took their sweet time.  Not knowing if they would actually follow through with moving out, I followed through with filing the eviction with the court and having them served with a notice to appear in court for the hearing.

This did not make my former tenants very happy because they were served while their children were around and they had to explain what this was all about.

Then, my tenant kindly thanked me for having them served and mentioned they would be listing me first in their bankruptcy filing.  This thoroughly confused me because I was under the belief that they had already filed and been discharged prior to moving into the home I was renting them.  In fact, I was outraged.  The only reason I allowed them to stay as long as I did was because I thought I would be protected from them filing bankruptcy because they already HAD!!

Lesson learned.  I will be attempting to collect from them but I do not have high hopes at this point.  While being extremely bitter about how they left the home and after paying the initial cleaning bill which was about 6 times higher than my standard “get it rent ready” cleaning bill, I started looking into bankruptcy law a little more.

I found this article below that explains some information on bankruptcy and whether someone can file again.  Hopefully this will help some of you if you are ever put through the same type of situation.  Most people cringe at the thought of a tenant filing bankruptcy.  I know I did when she threatened me with naming me in their new filing.

Grossbart on Bankruptcy Law

Have you had a tenant file bankruptcy on you?

How did you handle it?  Feel free to leave a comment below.

Technorati Tags: bankrupt tenant, real estate, real estate investing

If you haven’t checked these videos out, you are really missing out.
The comments on the video site are going crazy… hundreds of people weighing in on the videos.

The latest is going over Doug’s ironclad lease agreement for his “Nightmare niche” that keeps his business out of trouble and keeps his mostly hand off approach intact.

Go check out the videos. You have to sign up for them first though.

====>  Click here, enter your name and e-mail and

I will send you over to the video page.

Technorati Tags: funding solutions, investing education, real estate

So, the mortgage insurers have decided they are not going to cover the mortgages they already agreed to cover.

====> http://www.cnbc.com/id/35800892

According to this CNBC article, they are using non-payment as a business decision/tactic to try to save money.

I can’t say I blame them, but really, why did they insure the loans? Seriously, this brings up another question I have written about in the past.

Where were all of the “wise” and seasoned bankers when the frothy market was starting to peak? I really don’t understand this.
What do YOU think?

Leave some feedback.

Technorati Tags: real estate

On Friday, we lost two more banks due to them being financially unstable.
The FDIC walked in and closed them down at the end of the business day Friday. It marked the 21st and 22nd banks to close this year.

Last year, we had a total of 140 banks close.
Are you a real estate investor or are you trying to figure out a way to get into real estate in these troubling times?

Despite what some people may be saying in the media, you can still make money in real estate. In fact, when times are their toughest is actually when you can do even better in any type of investment strategy. The reason for that is because all of the fearful investors that do not know any better are still running for the hills to take cover.

One of the greatest things you can do right now is to learn about short sales. In fact, if you want to get into real estate, you simply MUST know about short sales because you will run into potential short sale deals every day in bad economic times.

I would like to help you learn more about short sales.
If you are interested in learning what a short sale is and how you can profit from them while helping the troubled homeowner, put your name and e-mail address below. I will send you a few e-mails with more information to really get you up to speed on short sale investing or pre-foreclosure investing in real estate.

See you on the other side.

Technorati Tags: Foreclosure, real estate, real estate investing, short sale invest, short sale investing, short sales, Wholesaling Real Estate

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.

Technorati Tags: Build my IRA, commercial real estate, funding solutions, government funding, investing education, real estate, real estate financing, real estate investing, real estate riches

In a few weeks I will be holding a webinar with a friend of mine that I’ve
been following for several years. I started checking him out when he
came out with a loan modification program for residential borrowers.

Well, I started exchanging e-mails with him about 6-8 months ago and I
found out a few months back that he was getting into commercial loan modification.

So, I let him know that I would like to get together and do a webinar for
everyone on my property buyers list because I know several of you want
to get into commercial real estate or already are. Plus, several of you are
in a tight situation with one of your commercial properties or know
someone who is in need of some help.

If that is you, check out some of the info below that we will be covering
on the webinar. Actually, I was able to get Richard to setup a replay webinar for my guests that want to get started in this right away. I’m still planning a live call with Richard, but you can get access right away.

I’m telling you, Richard delivers a TON of great info on his calls.
Get signed up for the webinar right here:

I want you to walk away from one of my webinars knowing that
you learned something that you can put to use right away.

So, sign-up right now, the webinar is going to be packed full
of actionable items that you can use in your real estate
business right away. You will be forwarded to the replay page immediately after verifying your e-mail address.

So PLEASE register as we’ve had tons and
tons of people who want to be in on this and he may force me to pull it down any day now because my guest is planning to take this call and put it into his paid mentorship program.

Here’s what you’ll learn:

* 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”

Remember, you will be sent to the replay page immediately after verifying your e-mail address and you will NOT walk away disappointed.
Enter your name and e-mail address right below to register for the call.

After you register above, you will get an e-mail to confirm your registration.
Open the e-mail and click the confirm link to be sent to the replay page.

Technorati Tags: commercial real estate, Loan Mod, real estate, real estate financing, real estate investing

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.

Technorati Tags: Bank negotiation, funding solutions, government funding, real estate, real estate financing, real estate investing

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.
____________________________________

Technorati Tags: funding solutions, government funding, investing, investing education, real estate, real estate financing, real estate investing

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.
____________________________________

Technorati Tags: Build my IRA, Cincinnati Real Estate, First Time Home Buyer Tax Credit, first time homebuyer, funding solutions, government funding, Home prices, investing, investing education, Loan Mod, Out Of Area Owners, private investors, private lenders, private lending, private money, Property Inspection, Property Values, real estate, real estate financing, real estate investing, realestate, Retirement Savings, Short Sale, short sale invest, short sale investing, short sales, shortsale, tax credit, Virtual Investing, webinars, Wholesale real estate, Wholesaling Real Estate