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Mortgage Help for Unemployed – Home Affordable Unemployment Program (HAUP)
Starting July 1, homeowners can apply for assistance from the Home Affordable Unemployment Program (HAUP).
Mortgage Help for Unemployed, or HAUP, provides homeowners a forbearance of monthly mortgage payments, either reducing them or suspending them for at least three months. Servicers can extend the timeline depending on regulatory guidelines.
In June, the unemployment rate edged [...]
27. August 2010
Get Thousands of Followers on Twitter Automatically
Get Thousands of Followers on Twitter Automatically by using TweetAdder and setting your account on autopilot to follow and unfollow hundreds of people per day. It can also put out automated (RSS) Tweets from your favorite websites, so you don’t have to log in every day & tweet something new. I use a FREE service [...]
13. August 2010
VA Vendee Program Contact Info
Click HERE to download the VA Vendee Program Flyer. See the previous two posts for all of the additional info (and people’s experiences) you might need.
The website to look at property selection is VA.REOTrans.com
Here’s a direct line to my Loan Officer – she has been very helpful:
Samye Carter
Mortgage Loan Officer
Purchase Division
800-850-7655 Ext 1562135
Fax 866-373-9498
samye.carter@bankofamerica.com
[...]
11. August 2010
VA Vendee Program Facts
VA Vendee Program Facts & Info:
VA Vendee Financing Program offers 5% down financing for Real Estate Investors, and is now administered by the Bank of America. It used to be called the VA Repo, or OCWEN program.
Click here to download a VA Vendee Financing Program flyer.
If you have access to the MLS, search for “veteran” [...]
11. August 2010
VA Vendee Program Offers 5% Down Financing For Investors
VA Vendee Program Info & Questions:
VA Vendee Financing Program offers 5% down financing for Real Estate Investors, and is now administered by the Bank of America. It used to be called the VA Repo, or OCWEN program.
I’m in the middle of qualifying for a VA Vendee Financing Program, AKA Veterans Administration Vendee Financing Program. I [...]
7. August 2010
For Landlords – Tips on Setting Rent & Drawing Up Lease
Tips on Setting Rent & Drawing Up Lease – Cover all bases when extending tenant’s lease
Q: Almost two years ago I bought a condominium unit in my area as an investment. My tenant has been pretty good about paying the rent and has not caused any problems. Her one-year lease is going to expire in [...]
4. August 2010
For Landlords – Set Subtenancy Rules Upfront
Set Subtenancy Rules Upfront
Q: I rent a three-bedroom house to my tenants, a couple. A while ago, they asked if they could sublet two of the bedrooms, and assured me that they would carefully choose the tenants. The subtenants are fine — but I’ve just learned that they are paying quite a bit of rent [...]
1. August 2010
For Landlords – When Renters Become Buyers
When renters become buyers
Q: We’ve been renting a single-family home that we would like to purchase if the owner decides to sell. Our lease is up for renewal. Can we use a lease clause to put us in the best position to purchase if the property goes on the market? –Brad H.
A: Like you, lots [...]
28. July 2010
For Landlords – Can Landlords Go After Lease Guarantors?
Can Landlords Go After Lease Guarantors?
Q: My aunt and uncle agreed to sign as guarantors when my wife and I signed our lease last year. When the lease ended, we stayed on, paying rent but without signing a new lease. After a few months, the landlord and we crossed out the beginning and ending dates [...]
25. July 2010
FREE Anti-Virus and Malware Programs That Worked For Me!
FREE Anti-Virus and Malware Programs That Worked For Me!
These are the FREE anti-virus and malware detection programs that finally worked in fixing my laptop, which had all kinds of “hijack” viruses on it, & wouldn’t allow me to connect to IE.
http://free.antivirus.com/clean-up-tools/ (download/run periodically all of the programs – each has a different function)
spybot search & [...]
23. July 2010
Purchasing A Condo? Check Out The HOA First!
Purchasing A Condo? Check Out The HOA First:
If you are thinking of purchasing a Condo because there are so many inexpensive units on the market – I would advise strongly to do more than just negotiate the best price and/or loan terms. You must make a careful analysis as to the status of the Condo [...]
21. July 2010
For Landlords – What Happens After the Lease Expires?
What Happens After the Lease Expires?
Q: I live in a townhouse and had a lease for the first year. When it expired two years ago, I simply stayed here and continued to pay the rent, as a month-to-month tenant. Management is now demanding that I sign a yearlong lease, and if I refuse, I’ll have [...]
18. July 2010
For Landlords – Who Pays For Tenant Ordered Home Improvements
Who Pays For Tenant Ordered Home Improvements
Q: We rent a single-family house to tenants who have been there for several years. We gave them permission to build a new backyard fence and do some landscaping; they agreed to pay for it. The work was done and finished a month ago, and now we’ve received a [...]
16. July 2010
How To Develop a Marketing Plan For a Business
Develop a Marketing Plan For Any Business!
Powerful marketing requires a detailed plan that spells out your campaign’s objectives, methodology and expected results. To create an effective marketing plan, address these important elements:
Set your objectives -
The first step is to clearly state what you plan to accomplish. Are you looking to build brand awareness or name [...]
15. July 2010
For Landlords – Renting To College Students
College renters stay year-round – Landlord unsure of deposit protocol
Q: I have a rental home located near a college and have successfully rented to students over the past few years. Typically, all of my student tenants move out when the school year ends.
This year, my current tenants are divided in their desire to stay or [...]
14. July 2010
California Unclaimed Property – FREE Search
Go to this CA State Controller’s California Unclaimed Property website to see if you are due any money. Plug your name in – you probably have a few $$$ waiting for you to be claimed. I had $21 owed me by a bank – not worth the time or the effort to claim it…
But someone [...]
9. July 2010
For Landlords – Does Grace Period Exist For Payment of Rent?
Does grace period exist for payment of rent?
Question: Our lease agreement states that rent is due on the “last day of the month.” Unfortunately, my husband does not get paid until the first of the month, at which time we do pay our rent immediately on the 1st. The landlord is claiming that he “must” [...]
7. July 2010
For Landlords – Charging Tenants for Countertop Stains
Can landlord deduct half of replacement cost from deposit?
Q: My tenants recently moved out after living in my rental house for five years. I found out that they ruined my kitchen’s granite countertops due to oil stains that cannot be removed. Can I deduct 50 percent of my replacemeefundnt cost from their security deposit?
A: Typically [...]
5. July 2010
Recoup Deposit When Short Sale Goes REO
Recoup Deposit When Short Sale Goes REO – Short Sale Hindsight
Q: I sent a short-sale contract termination notice to the seller’s attorney because the home was sold as a sheriff’s foreclosure and is now listed as an REO. The listing agent will not return my earnest money deposit unless the seller signs the cancellation rider. [...]
15. June 2010
The Price Of a Good Handyman?
THE PRICE OF A GOOD HANDYMAN?
How much per hour is a good handyman worth? For example, how much would YOU pay per hour to have rooms in a rental painted? Check out how low and how high some landlords are currently paying (you’d be surprised) – http://dld.bz/f6Yx
12. June 2010
Senate Votes to Block Lead-Based Paint Rule Fines
Senate Votes to Block Lead-Based Paint Rule Fines – New lead-based paint laws for landlords
The U.S. Senate has voted to delay imposition of fines and liability related to the controversial new federal lead rule, and one senator has called for a hearing on the measure.
The move to delay the rule came May 26 in an [...]
31. May 2010
What Is an All Inclusive Trust Deed (AITD)?
What Is an All Inclusive Trust Deed (AITD) or a Wrap Around Mortgage? See a write-up below from Patrick McGurk
16. May 2010
PROTECTING TENANTS AT FORECLOSURE ACT of 2009
PROTECTING TENANTS AT FORECLOSURE ACT of 2009 -This is the text from the newly passed federal law protecting tenants who are dealing with landlord foreclosure.
TITLE VII–PROTECTING TENANTS AT FORECLOSURE ACT of 2009
SEC. 701. SHORT TITLE.
This title may be cited as the `Protecting Tenants at Foreclosure Act of 2009′.
SEC. 702. EFFECT OF FORECLOSURE ON PREEXISTING TENANCY.
(a) [...]
27. April 2010
RRP RULE AND NEW LEAD-SAFE PRACTICES REQUIREMENT AFFECTING LANDLORDS BEGINNING APRIL 22, 2010
RRP RULE AND NEW LEAD-SAFE PRACTICES REQUIREMENT:
The EPA has issued a Renovation, Repair and Paint rule (RRP) requiring the use of lead-safe practices and other actions aimed at preventing lead poisoning. Under the rule, beginning April 22, 2010, landlords and contractors performing renovation, repair and painting projects that disturb lead-based [...]
24. April 2010
South Lake Tahoe Ski Lodge For Sale – REO – $1.5M
South Lake Tahoe Ski Lodge For Sale – REO – $1.5M:
REO South Lake Tahoe Ski lodge – under contract! We have this property under contract, and if we don’t sell it in the next few weeks – we’re going to purchase it ourselves. For now, we’re willing to assign the contract. Links with additional information [...]
24. April 2010
New CAR Purchase Agreement – Seller Statement of Information Requirement
New CAR Purchase Agreement Requirement:
On April 28th 2010 the New CAR Purchase Agreement will take effect. One of the new requirements from the seller is that a completed Seller Statement of Information must be submitted within 7 days of acceptance. This is good news for anyone that does not like suprises at [...]
18. April 2010
Real Estate Investment Club (REIC) List for California, US, and Canada
Real Estate Investment Club list (REIC) below starts off with local SoCal meetings, followed by longer REIC lists below are or California, US, and Canada. For a complete list of US and Canada REIC club meetings, click here:
My favorite Los Angeles, Orange County, and San Diego Real Estate Investment Clubs:
www.nakedladyrealestate.com
www.investing-in-real-estate-clubs.com/events/location-upcoming-events.html
www.realestateclubla.com
www.ocreforum.com
www.irca-losangeles.com
www.sdcia.com Blog: http://www.sdcia.com/billtanblog.html
www.reinclub.com
www.socalCIA.com
www.thenorrisgroup.com/San-Diego.html
www.REIclub.com
www.creonline.com
www.nreionline.com
California REIC Clubs:
New Real [...]
18. April 2010
Freddie Mac Bulk REO Sales
Here’s a reprint of a LinkedIn post about Freddie Mac Bulk REO sales misrepresentation from one of the bulk buyers. I can’t recall who posted this, and I forgot to copy the name, so if the author reads this, please give yourself credit in the comments:
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I don’t know how I got this hat, but I [...]
11. April 2010
$10,000 California First Time Home Buyer Tax Credit – Starts May 1, 2010
$10,000 CaliforniaFirst Time Home Buyer Tax Credit – Starts May 1, 2010
Assembly Bill 183, The Home Buyer Tax Credit – Keep in mind, folks, that this is a California First Time home buyer tax credit, not a Federal first time home buyer tax credit that expires at the end of April, 2010. The CA [...]
30. March 2010
How to Build Your Blog From Scratch – FREE Tutorials
How to Build Your Blog – go to www.RockingAngels.com for detailed lessons and instructions.
Below is a list of some of the lessons we will be posting on RockingAngels.com, before we get to the Affiliate Marketer part. The entire website is about how to set up a Blog that will be thoroughly integrated with the internet [...]
29. March 2010
Home Affordable Foreclosure Alternatives Program (HAFA): Overview
The Home Affordable Foreclosure Alternatives Program (HAFA) provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully [...]
28. March 2010
Bank of America to Forgive Some Mortgage Debt
Bank of America to Forgive Some Mortgage Debt – Good for some, but what about those who already did a loan mod, or are not upside down? Do they get a break,too? I think not! By the way, I heard the principal reduction is by up to 30%.
Angella
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Amid mounting [...]
27. March 2010
Government Tries New Fix For Mortgage Crisis – It’s Not Going To Work!
Government involvement in improving our economy didn’t work before, and it’s not going to work now. All they are doing is wasting Billions of dollars of taxpayers’ money on silly programs that will end up helping a few thousand homeowners. I’d rather they take those billions and invest them into VA hospitals and rehab facilities. At [...]
25. March 2010
What Do Landlords Consider Normal Wear And Tear?
What Do Landlords Consider Normal Wear And Tear? It depends on the landlord, and everyone has a different approach. Personally, I charge my tenants for anything that is in worse shape than when they moved in. Of course, the carpets will get older,but they better not get dirtier, as in “spots” and “stains”! Same thing [...]
23. March 2010
Absolutley FREE 2-day Asset Protection Workshop for RE Investors in CA
Absolutley FREE 2-day Asset Protection Workshop for Real Estate Investors in Cerritos, CA, on April 9th & 10th. No strings attached, guys! Everything you ever wanted to know about Asset Protection. When you register, it’ll say $3,000 and ask you for a credit card number. Just enter a fake credit card number and proceed [...]
19. March 2010
5 Most Troubled US Markets – Foreclosures On The Rise In 2010
Foreclosures likely to put a damper on 2010 recovery.
March is usually the month when people in the real estate business start getting hopeful. Spring usually brings out both buyers and sellers and, along with them, higher values for most homes.
But for some of the biggest housing markets in the country, those hopes look to be [...]
15. March 2010
FREE TV Show On How To Become A Super Affiliate
Hello everyone, and welcome to my new Internet TV show, at www.RockingAngels.com. We’re a group of friends who joined forces in a quest to become Super Affiliates, under the mentorship of a Super Affiliate, and a Social Media Expert, “Rocking” Mike Ballantyne.
So we decided to call ourselves Mike’s Rocking Angels, and Mike agreed to [...]
6. March 2010
Government & Bank REO Websites
Here are some government and bank REO websites:
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.bankrepobustours.com/BankREOs.php – this is my other website.
Enjoy,
Angella
4. March 2010
Credit Card Reform May Shock You – Not What You Thought!
Credit Card Reform May Shock You
Your next credit card statement is going to contain an ugly truth: how much that card really costs to use.
Now, thanks to a long-awaited law that goes into effect Monday, you’ll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, [...]
1. March 2010
Home Price Decline Slows, But More Drops May Be Ahead
Home Price Decline Slows, but they still predict an average nationwide home price decline of 5%. However, some of the SoCal areas that are the best for investors have already bottomed out last year, and will not go any lower. Regardless, this is a great time to buy, so make sure you don’t miss the [...]
27. February 2010
ENOUGH ALREADY!!! New $1.5B Obama Foreclosure Prevention Program To Save A Few Select?
The new Obama Foreclosure Prevention Program is supposed to save a small number of homes, in five hardest hit states, from going into a foreclosure? How many homes? At $100,000 per family, the plan is only going to help 15,000 families. Why are we stretching this out? Just let the economy recover on it’s own, [...]
26. February 2010
Loan Mortgage Modifications More Successful Lately
Loan Mortgage Modifications More Successful Lately -
As of last month, Bank of America Corp. had completed loan mortgage modifications for just over 5 percent of the roughly 240,000 borrowers who started the process. JPMorgan Chase & Co. and Citigroup Inc. were also below 10 percent.
The government “massively overestimated the ability of the mortgage industry to [...]
23. February 2010
Financial Questions to Ask Before Getting Married
Financial questions to ask before you get married – a great article. After you read it, let us know what your experience was, if not asking these questions has caused you marital problems (as they do in 95% of marriages), and how you overcame them.
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All over the country on Valentine’s Day, men were down on [...]
22. February 2010
30-Minute Conversations to Real Estate Success
30-Minute Conversations to Real Estate Success – Another great article for beginner real estate investors. Enjoy! Angella
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You’ve probably heard that one of the fastest ways to get what you want is to surround yourself with people who already have it.
I’m a firm believer in this, and frankly its something I’m still working to do more [...]
20. February 2010
Avoid IRS Tax Audit
Tax Audit – How To Avoid One!
Worried about a tax audit? Maybe you should be. More Americans than ever may be subject to unwanted attention from the Internal Revenue Service this season as the government pumps billions of dollars into tax collection.
More than 1.4 million Americans were audited last year, the most in a decade. [...]
18. February 2010
Foreclosures down in January 2010, but surge on way?
Foreclosures down in January, but expect a surge later this year, especially after the First-Time Home Buyer Tax Credit expires in April.
Among states, Nevada posted the nation’s highest foreclosure rate, followed by Arizona, California, Florida and Utah. Rounding out the top 10 were Idaho, Michigan, Illinois, Oregon and Georgia.
The metro area with [...]
16. February 2010
How to Organize Bills & Mail
How to Organize Bills – a great article on doing it by mail or electronically. When I was doing them by mail, I used a 4 file system, similar to the four “D” system described in the article. My file had 4 slots: To Toss, To File, To Do, & To Pay. Once I had [...]
16. February 2010
Closing Escrow Smoothly – Here’s How It Should Go!
Closing Escrow Smoothly – Here’s How It Should Go!
Closing costs –
There are various fees and costs required at the time the property closes. Closing costs usually range from 2 percent to 6 percent of the sale price. As you are planning out your offer, its important to distribute your cash available for the transaction [...]
14. February 2010
Wholesaling Real Estate 101 – Step by Step
Here’s a great step-by-step article about Wholesaling Real Estate. Click here for the link if you want to see the original article.
Enjoy,
Angella
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Step #1: Market for a Motivated Seller
Behind every great real estate deal is a motivated seller, and your job as a wholesaler is to get your marketing message in front of as many of [...]
5. February 2010
Top 5 Credit Repair Experts on Twitter
Top 5 Credit Repair Experts on Twitter
From my friend’s blog Megan-McGinnis.com… Great info, or check out our Credit Category on how to repair the credit yourself. Take care, Angella
1. D Ruiz | ( ihavegoodcredit on Twitter ) Guru of Credit (26yrs!) Please read my FAVORITES. You found it, the REAL DEAL of credit repair, Author, [...]
5. February 2010
10 Steps To Success In Real Estate
10 Steps To Success In Real Estate
Write a business plan to outline your path to success
Ensure that it includes SMART goals and SWOT analysis
Choose ONE or TWO acquisition and exit strategies
Become master of these strategies i.e. MASTER the BASICS
Avoid being sidetracked by any other opportunities
Thoroughly research any market before entering it
STAY FOCUSED on your [...]
3. February 2010
More Borrowers Pay Credit Cards Before Mortgages
More Borrowers Pay Credit Cards Before Mortgages
It’s exactly the opposite of the norm. Usually cash-strapped Americans during tough economic times will miss credit card payments before they’ll miss mortgage payments.
Welcome to the new world order.
The percentage of borrowers who are delinquent on their mortgages but paying their credit card bills on time is growing, to [...]
2. February 2010
Top Foreclosure Cities: 2009’s 20 Worst-Hit Cities
Top Foreclosure Cities
Duuuuh… Of course there’s a drop in the foreclosure filings – banks had a foreclosure moratorium over the holidays!
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Foreclosure plague: 2009’s 20 worst-hit cities
By Les Christie, staff writer , On Thursday January 28, 2010, 5:55 am EST
Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit [...]
31. January 2010
Protecting Tenants at Foreclosure Act of 2009
Protecting Tenants at Foreclosure Act came into effect in May 2009, provides protection for tenants, including tenants in housing subsidized by Section 8, who are living in homes subject to foreclosure.
Highlights: Under the Protecting Tenants at Foreclosure Act:
All tenants must receive a 90-day notice before being evicted as the result of a [...]
30. January 2010
Government Bailout! It’s a JOKE – sorry, couldn’t help it…
A modern day cowboy has spent many days crossing the Texas plains without water.
His horse has already died of thirst.
He’s crawling through the sand, certain that he has breathed his last breath, when all of a sudden he sees an object sticking out of the sand several yards ahead of him.
He crawls to the object, [...]
30. January 2010
Areas To Invest: High-Speed Rail Through Palmdale, Ca
We’ve been talking about the Antelope Valley area (Lancaster/Palmdale – click HERE) being one of the best ones to invest in SoCal, and below is another reason to add why many of us have been investing in that area for years.
The plans for the high-speed rail network will create over 200,000 new jobs between Bakersfield, [...]
28. January 2010
Piggyback Mortgage Plan – Release of 2nd Liens
‘Piggyback’ Mortgage Plan – will it work?
This article covers it all – Lenders who deserve what they got (for allowing ANYONE to take out a 2nd loan and trying to avoid the PMI); critics who claim it’s unfair to people who are still paying their mortgages on time and a bailout for banks that made [...]
28. January 2010
California Default Notices Fall 24% in 4Q
California default notices have fallen because the banks do not want to foreclose, even though lots of homeowners are still defaulting. These numbers definitely do not mean that the RE market is recovering. See article and comments below:
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By ELLIOT SPAGAT, AP Business Writer Elliot Spagat, Ap Business [...]
26. January 2010
Top 10 Commercial Real Estate Experts on Twitter
From my friend’s Megan McGinnis’ blog (http://MeganMcGinnis) – thanks for compiling the list Megan! Follow these Commercial Real Estate Experts on Twitter and learn from them…
1. Duncan C. Wierman | ( DuncanWierman on Twitter ) — Software CEO turned Real Estate Investor / Marketer. I show you how to use creative online marketing methods to [...]
25. January 2010
FHA Wavies 90 Days Seasoning For One Year
FHA 90-Day Anti-Flipping Rule Waived For One Year – In an effort to stimulate home sales, HUD has announced that as of February 1st it will suspend its 90-day anti-flipping rule. This should have the effect of making FHA loans more easy to obtain for recently refurbished homes.
With certain exceptions, says HUD, “the FHA currently [...]
24. January 2010
Reasons to Prevent a Foreclosure – Video
Reasons to Prevent a Foreclosure
23. January 2010
10-Day Short Sale Time Limit May Spur Housing Market
Short Sales – New U.S. Treasury guidelines that put a 10-day time limit on short sales, and add financial incentives for buyers and sellers could help homeowners on the verge of foreclosure.
Homeowners stuck while banks mull whether to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond [...]
22. January 2010
Hurry, We Are Closing Tonight!
Today is your LAST CHANCE to get in as an iDuplicate Member as new member enrollment closes at MIDNIGHT tonight Eastern Standard Time.
Someone asked me today to sum up iDuplicate in one quick sentence…I said “If you have an idea, a business or cause you want to get out there in a BIG way, Iduplicate [...]
19. January 2010
Effect of Foreclosures vs. Short Sales on Credit
Effect of Foreclosures vs. Short Sales on Credit
15. January 2010
Top 10 Tips For LinkedIn!
Top 10 Tips For LinkedIn Use!
LinkedIn Tip #1: Have a Plan
Decide what you want to accomplish before you start. LinkedIn, like other business oriented social networking sites, offer a number of ways to generate the results you are after. Want to present your company? Looking for a job? Network with like-minded professionals? [...]
9. January 2010
Article Marketing Secrets Video
Another powerful iDuplicate Success Pre-Launch Training Video just went LIVE: “The Ins and Outs of Article Marketing.”
In this 35 minute video you will learn a highly effective way to get quality targeted traffic to your website. More targeted traffic mean higher conversion rates and increased sales.
iDuplicate Success Advisor Demetrios Tzortzis walks you through [...]
7. January 2010
Video – How to Get Targeted Traffic to Your Blog
Iduplicate Success Pre-Launch Training Video #2: “How to Get Targeted Traffic to Your Blog – Secret Leaders List Strategy.”
Iduplicate Success Advisor Mike Ballantyne shares with you the secret techniques you can use to create huge targeted traffic to your blog and build your friends list on Facebook.
Opt in on the right side and [...]
7. January 2010
To Stop Foreclosure Or To Let The House Go? Your Options!
To Stop Foreclosure Or To Proceed? Your Options!
Here’s a good series of videos recorded by Ed, on your options if your property is upside down.
5. January 2010
Iduplicate Success – Members Area’s Preview Videos are now LIVE!
Iduplicate Success Members Area’s Preview Videos are now LIVE!
As iDuplicate was being developed the co-founders shared it with other leading internet authorities and beyond the praise for the information and delivery system, several of them said “you are not charging enough and giving away too much value.”
That being said, there was a moment of temptation [...]
4. January 2010
It All Starts Tomorrow…. Jan 5th
The new iDuplicate.com Pre-Launch site goes live at exactly 9:00 am PST tomorrow, January 5th, 2010.
Get ready to turbo-charge your Internet Marketing -Social Media know-how during two full weeks of Special Video “Sneak Previews” including 7 content-packed videos, a guided tour of the new
Iduplicate Success Private Members Training Platform, as well as plenty of [...]
2. January 2010
It’s coming January 5th, 2010…
It’s coming January 5th, 2010…
Want to know why everyone is talking about the upcoming launch of the new “Iduplicate Success” Exclusive Members-Only Internet Marketing – Social Media and Business training platform? Read below, but I actually took the “beta” training over the last three months and it was Priceless! I seriously didn’t know what Blogging, [...]
1. January 2010
Do Your Best EVERY Day!!!
Do your best every day, and you will succeed in 2010. Even when we think we’ve done our best, we just need to dig a little deeper to find out that we CAN go that extra mile! Doing everything at the top of their game is what separates really successful people from everybody else.
Do your [...]
1. January 2010
Top 10 Real Estate Trainers on Twitter
Top 10 Real Estate Trainers on Twitter – A great post borrowed from Megan McGinnis @ http://Megan-McGinnis.com:
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1. Peter Olsen | ( PeteOlsen on Twitter )
At Rent To Own Homes, LLC. we are looking for homes in all 50 states that we can rent to own!
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2. Joe Manausa | ( HousingReporter on Twitter )
Tallahassee Real Estate [...]
31. December 2009
Improving Your Credit Score Part 2 – Tweak Your FICOs by 20 Points Quickly
Improving Your Credit Score Part 2 – Tweak Your FICOs by 20 Points Quickly
You can increase your FICO scores by tweaking your credit even if there’s nothing incorrect on it. By cleaning up a few items most people don’t even think of, you can tweak your FICOs by 10-20 points. First obtain your free credit [...]
30. December 2009
Improving Your Credit Score Part 1 – Preferred Types of Credit & Amounts
Improving Your Credit Score Tips
So what are some specific tips for boosting or improving your credit score?
Amounts Owed Tips
Keep balances below 30% on credit cards and other “revolving credit”
Pay off debt rather than moving it around
Don’t close unused credit cards – keep them open and use them once every few months
Don’t open a number of [...]
27. December 2009
Hate it!!! Home Foreclosure Moratorium For the Holidays
Home Foreclosure Moratorium Over the Holidays again – so when is someone going to give me a moratorium on my mortgage payments?
“Some lenders have declared limited foreclosure moratoriums this year to give troubled borrowers time to catch up on their payments or work out other solutions. Those announcements continued Thursday: Mortgage titans Fannie Mae and [...]
26. December 2009
Still Loving You (Filarmonica De Berlin) – Scorpions Video
No reason to post this, except that it’s a really cool video. Enjoy! Angella
22. December 2009
AMAZING Videos! Sand Drawings…
Sand Drawing by Kseniya Simonova
12 Year Old Artist
More Sand Drawings by Kseniya Simonova
20. December 2009
Real Estate Investing – Areas to Buy In (2 of 2)
Real Estate Investing – What are the areas with the highest population and job growth in SoCal? I’ve pasted the excerpts from the SCAG reports below, but to summarize the results it’s the Antelope Valley (Palmdale/Lancaster) with a 168% population growth, and West Riverside County, with an 86% growth.
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North LA County Subregion (Antelope Valley) (pg [...]
20. December 2009
Real Estate Investing – Areas to Buy (1 of 2)
Real Estate Investing can be tricky and confusing, especially for beginners. So you’ve decided it’s time to start investing in Real Estate, since this truly is the “once in a lifetime opportunity” everyone is talking about, but don’t know which areas are the best to invest in?
Each locality has a Planning and Development organization, [...]
17. December 2009
Home Affordable Modification Program (HAMP) Update
Home Affordable Modification Program (HAMP) Update – I missed this HAMP update yesterday. Although the changes are not all that relevant to most loan originators, struggling homeowners should take note.
From the release:
Critical Home Affordable Modification Program Waiver Granted to Participating Servicers
Effective today, a new critical Home Affordable Modification Program (HAMP) Waiver is granted to [...]
14. December 2009
Free Real Estate Legal Forms
Free real estate legal forms are not something you can use every time you need one, since each state has their own format and legal verbage. But if you are looking for free legal forms to use as a reference, this is a great website to find them: http://lectlaw.com/formb.htm
I use this website to find [...]
13. December 2009
What Does Buying an “As Is” Home Really Mean??
Buying an “As Is” Home article is correct regarding all of the points made, but it did omit one important item – there’s nothing wrong with asking for a price reduction, or cashback towards repairs, after the inspection has been completed.
When representing Buyers, even on a bank repo clearly listed as an “As Is” house, we [...]
9. December 2009
Mortgage Loan Limits for Conventional, FHA and VA
The mortgage loan limits and policies established in 2008 and 2009 will continue through 2010.
There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, FHA and VA loan limits to see how much can be financed with the most-widely originated loans.
If you borrow at or below the conventional mortgage [...]
7. December 2009
The Real Reason So Many Home Loan Modifications Fail
This guy is so right, it’s not even funny! Enough with wasting our tax payer’s money and dumping good money after the bad!!!!!!!!!!!!!!!!!!
Loan Modifications, or rather the majority of them, fail. That’s the simple truth. Want to know why? Take a look at the article ( click here for a link).
If you are in the [...]
5. December 2009
FICO Credit – Revealed: How Common Credit Mistakes Affect Scores
The “damage points” data, unveiled recently by FICO, are part of the most revealing glimpse into the firm’s once-secret — and still mysterious — credit scoring model. The new information discloses how many points borrowers’ scores will drop when they make the most-common mistakes.
Did you max out your credit card? Expect a credit score drop [...]
4. December 2009
Housing Slump May Worsen Next Year, Not Get Better
Housing slump worsening is actually pretty good news for the real estate investors. With the way this recession has been going, it’s been hard to make heads or tails of anything. Rather than letting the economy take its natural predictable course, the government interference and all of the programs they’re coming up are delaying the inevitable.
The [...]
3. December 2009
Personal Finances – 7 Big Money Mistakes to Avoid
Personal finances can be a tricky subject to advise on, especially without knowing someone’s specific financial situation. I agree with all of the points listed in the attached article, except for bullet #3, where they are talking about putting a 20% home down payment on a house purchase. Personally, I’d rather put zero or [...]
28. November 2009
FICO Credit Score – What’s It Comprised Of?
The FICO credit score is comprised of a number of different components, which are broken down below for your reference. The three credit reporting agencies in the United States of America, Equifax, Experian, and TransUnion, collect data about consumers used to compile credit reports. The credit agencies use FICO software to generate FICO credit [...]
26. November 2009
Commerical Real Estate News Update
Commerical Real Estate News Update – Not sure I agree about 2010 being the same as 2009, or that commercial RE is logjammed because of the debt problems. I think it is going to decline through 2010, and the problem is not the national debt, but the fact that so many properties are upside down [...]
12. November 2009
Home Buyer Tax Credit: 10 Things to Know
Home Buyer Tax Credit extension finally passed on November 6th, and I thought that the investors would finally get a break by receiving a $6500 tax credit when purchasing an owner-occupied property. Unfortunately, that’s not the case. I’ve rarely lived in one of the properties I own and, so mostly I rent because I move [...]
9. November 2009
Hate It!!! Fannie Mae To Rent Out Homes Instead Of Foreclosing
Fannie Mae “Deed for Lease” program is not something I’m too excited about. Yes, I tried getting it approved for a friend of mine when she was being foreclosed upon, but in general why should someone get a free ride? With the new program, the rent amount cannot exceed 31% of homeowner’s monthly income, so [...]
7. November 2009
Hate It !!! House Votes To Expand Homebuyer Tax Credit
Ok, so finally investors get a break and are able to benefit from the Home Buyer Tax Credit. But once again, there’s a problem – the tax credit gets phased out for those who earn over $125,000/yr. Why is it that those who fund the bailouts and these tax credits don’t get to benefit from [...]
4. November 2009
FREE For RE Investors & Realtors – Daniel Pendley Event
Hello Investors & Realtors,
This is sooooooooooooo exciting!!! A group of local RE Investors (myself, Ginger Macias, JJ San Jose, Megan McGinnis, Michael Brandt, Maynard Clarkson, etc) are involved in a project where one of the members personally knows Daniel Pendley! Daniel Pendley is a world-renowned real estate trainer and motivational speaker, and usually packs [...]
4. November 2009
Commerical Properties Needed – Criteria Below
Folks,
If anyone is aware of commercial properties that meet the criteria listed below, please let me know. Thanks, Angella
Apartments:
75+ units
On-site management
Produce 10% cash on cash return based on Actuals, not ProForma
Class B & C props.
Located in A, B, or C location; no class D areas
Upside potential in rents or management
Pitched roofs
Individual meters
Assumable debt
No boilers
No [...]
1. November 2009
Commercial Real Estate Prices Down 41% From The Peak
Commercial Real Estate prices have dropped, but they are still lagging behind the residential market, so we still have not hit the bottom.
The Moody’s/Commercial Property Price Indices fell 3 percent in August from July, bringing the market’s decline to almost 41 percent since its peak in October 2007, Moody’s Investors Service said in a statement [...]
31. October 2009
Mortgage Loan Modification Basics
Mortgage loan modification process is not as simple as many assume. Here’s a link to a good LA Times article explaining mortgage loan modification programs, and what it takes to qualify for them – http://articles.latimes.com/2009/mar/22/business/fi-cover22
Some of the main points covered are:
Most people will not qualify for a mortgage loan modification under any program, because [...]
31. October 2009
Credit Card Mistakes – How Bad Are Yours? (Part 3 of 3)
Credit card mistakes and blunders are common. Experts graded a range of credit card mistakes on a scale from 1 (losing a few bucks to a cash machine) to 10 (losing the house). Find out which worry the pros most — and which may (almost) get a free pass.
Debt Settlement Plans
How bad is it? [...]
30. October 2009
Credit Card Mistakes – How Bad Are Yours? (Part 2 of 3)
Credit Card mistakes and blunders are common. Experts graded a range of credit card mistakes on a scale from 1 (losing a few bucks to a cash machine) to 10 (losing the house). Find out which worry the pros most — and which may (almost) get a free pass.
4) Missing a Payment
How bad is it? 9
The [...]
29. October 2009
Credit Card Mistakes – How Bad Are Yours? (Part 1 of 3)
Credit Card Mistakes – Grade yours on a 10-point scale.
Nobody’s perfect. When it comes to our financial lives, we’ve all done things we later regretted — whether it’s getting slapped with a $3 fee for using an out-of-network ATM or going on a Las Vegas bender and losing the house on an overly aggressive poker [...]
27. October 2009
Video – The Bankruptcy of Capmark and Its Impact on Commercial Real Estate
http://www.marcusmillichap.com/Video/fox_102609.asp
27. October 2009
6 Must-Have Millionaire Habits
Acquiring wealth isn’t a priority for everyone, but it’s safe to say that most of us want to live comfortably. Whether you’re striving to gain a financial peace of mind or shooting to be a cash money queen, these six basic habits of millionaires will help you land on your feet.
Learn From Your Mistakes – [...]
26. October 2009
Tenant Screening – Things Tenants Won’t Tell You! (Part 5 of 5)
Tenant screening can sometimes be very time consuming if you do a thorough job of it, but it’s well worth your time if it prevents you from having to evict your renters in the future. Don’t misunderstand me – most applicants I’ve encountered are great and honorable people, but sometimes you come across a bad apple [...]
25. October 2009
Tenant Screening – How Messy Are They? (Part 4 of 5)
Tenant screening can be very time consuming if you do a thorough job of it, but it’s well worth your time if it prevents you from having to evict your renters in the future. Don’t misunderstand me – most applicants I’ve encountered are great and honorable people, but sometimes you come across a bad apple that [...]
24. October 2009
Tenant Screening – Lies About Employment & Salary! (Part 3 of 5)
Tenant screening can be very time consuming if you do a thorough job of it, but it’s well worth your time if it prevents you from having to evict your renters in the future. Don’t misunderstand me – most applicants I’ve encountered are great and honorable people, but sometimes you come across a bad apple that [...]
23. October 2009
Tenant Screening – Track Down the REAL Landlord! (Part 2 of 5)
Tenant screening can be very time consuming if you do a thorough job of it, but it’s well worth your time if it prevents you from having to evict your renters in the future. Don’t misunderstand me – most applicants I’ve encountered are great and honorable people, but sometimes you come across a bad apple [...]
22. October 2009
Tenant Screening – Don’t Let Them Lie To You! (Part 1 of 5)
Tenant Screening, and how it is done, will either make you or break you as a landlord. Properly screening potential renters means solid tenants, and cashflow, throughout the years. Not doing a good job of screening applications could mean evictions, negative cashflow, and damaged property to deal with.
For one thing, I never admit [...]
21. October 2009
Landlord Tenant Relationship – “Hard-Nosed” Landlording: Keep Your Tenants In Line
Landlord tenant relationship can be difficult or easy – it’s totally up to you, the landlord. One way to make it easy on yourself is to set expectations up front. As I had mentioned in one of my comments, I manage my own single family homes and condos within a 400 mile radius. Yes, you [...]
20. October 2009
California Cracks Down on Mortgage Fraud
California now has new laws that are supposed to prevent homeowners and home buyers from mortgage fraud.
Legislation to increase protections for consumers in the lending market and provide law enforcement with more tools to crack down on deceitful mortgage practices was signed into law Sunday, October 11, 2009 by Gov. Arnold Schwarzenegger.
The bills are supposed [...]
19. October 2009
Fight For Your Money! First Time Home Buyer Tax Credit Expires.
C.A.R., in cooperation with NAR, has issued a Call-for-Action in support of extending the First Time Home Buyer Tax Credit beyond its November 30th expiration date.
You can do two things to help:
If you are a Realtor, call your member of Congress to urge them to extend the First Time Home Buyer Tax Credit. Call 1-800-961-3302 [...]
19. October 2009
Loan Modification Scams – No More!
Loan Modification Law Enacted – On October 11, 2009 Governor Schwarzenegger signed Senate Bill 94 (Calderon), and the legislation took effect immediately upon his signature. Thus, California law now prohibits any person, including real estate licensees and attorneys, from demanding or collecting an advance fee from a consumer for loan modification or mortgage [...]
19. October 2009
Cell Phone #’s Go Public – National DO NOT CALL Registry
REMEMBER: Cell phone numbers go public this month.
REMINDER: All cell phone numbers are being released to telemarketing companies and you will start receiving sales calls.
To prevent receiving sales calls, call the following number from your cell phone: 888-382-1222.
This is the National DO NOT CALL list. It will only take a minute of your time, but it will [...]
19. October 2009
Buyers of Foreclosed Homes to Pick Their Own Title / Escrow Company
Buyers of foreclosed homes can now choose a title or escrow company of their own choosing. How does that benefit us, the investors? For one thing, we can start using our own title companies, and start giving them additional business in exchange for providing us with all those property profiles. REO flippers can now select [...]
18. October 2009
Commercial Property Types – Which Ones Meet YOUR Needs?
It is important to choose the type of commercial property, or type, that best matches your particular needs and interests. The list below describes advantages and disadvantages of the various types of commercial investments:
1) Apartment Building Investments: These are the most popular asset types and will be used to familiarize you with all the key skills you need to know [...]
17. October 2009
First Time Real Estate Investors – Getting Over Your Fear
One of the biggest obstacles beginner real estate investors have to overcome is FEAR. Below are some ideas to help you overcome it. After the first few deals, buying and selling real estate becomes almost like buying a pair of shoes. You walk by, you see it, you like it, you analyze it, and you [...]
17. October 2009
Commercial Property Investment Advantages – No Clogged Up Toilets!
Commercial property investing is one way to participate in the game of real estate. Investing in commercial real estate has some advantages to consider that SFR investors don’t necessarily benefit from. Some of these advantages are:
Increased Cash Flow: If you are heavily leveraged and your rental home doesn’t have a tenant, you won’t have [...]
16. October 2009
Commercial Property Investing – Is this a good time?
Commercial property investing is a little more complicated than SFR investing, but the profits and the rewards are also much greater. Many people are concerned that now, during the recession, might not be a good time to invest in commercial property, expecting additional price drops in the commercial real estate market. However, even though we [...]
11. October 2009
Hate It!!! Obama repealing the “Don’t Ask Don’t Tell” Policy
First the government tried to “fix” our economy by imposing all these foreclosure moratoriums and Short Sale rules. As a result, instead of the economy (specifically real estate) going through its normal 11-13 year cycle, nobody can even predict what is going on with the real estate, or which way it’s going to turn. What [...]
6. October 2009
Hate It !!! Government Is Wasting More of Our $$$ on Short Sales
Short sale bail out – See below for the new Short Sale program, but as far as I’m concerned – Why can’t the government stay out of private business? If borrowers can’t pay, evict them! I don’t want my tax money to go to people who lied on their apps and bought homes they [...]
4. October 2009
BlastOff is Sending YOUR Kids to College!
BlastOff is throwing out all the rules! Minimum age requirement is ONLY 13 years old, and your kids can earn their college tuition now, by doing what they used to do on the Internet, but now finally getting paid for it and earning passive income!
This is the only program out there that allows young entrepreneurs [...]
4. October 2009
Save More for Retirement with The Saver’s Credit
The Saver’s Credit is a tax credit that partially subsidizes the retirement savings of lower-income taxpayers. Government will actually help low-income earners save for retirement!
4. October 2009
Affiliate Marketing Explained-Part I
Affiliate Marketing is something even I was unclear about until recently, and for those of you who are not clear on what Affiliate Marketing is (and believe me, 2 months ago I myself had NO idea), there’s a good 3-part explanation that my friend Megan McGinnis found on the EzineArticles.com website, by Brian Hunter. Believe [...]
4. October 2009
Affiliate Marketing Explained-Part II
Affiliate Marketing Compensation
…In affiliate marketing, the affiliate is compensated for every visitor, subscriber and/or customer provided through his efforts. This compensation (usually referred to as commission) may be made based on a certain value for each visit. The most attractive aspect of affiliate marketing from the merchant’s viewpoint is that no payment is due to [...]
4. October 2009
Affiliate Marketing Explained-Part III
Affiliate Marketing Benefits
Affiliate marketing is an extremely advantageous arrangement for both the marketer and the affiliate. In the case of the merchant, he gets added exposure (and sales) for no more cost and any cost (commission) only arises when sales occur. Additionally, he can have as many affiliates as he chooses, all of which will [...]
1. October 2009
Retirment Planning – You Have to Start Early
Retirement Planning has to start early, or you’ll be losing 100’s of thousands of dollars, if not millions, in compound interest savings. How early do you ask? Take a look at the video below – that’s how early!
29. September 2009
Foreclosure Home Inventory Shortage
Foreclosure home inventory has dropped drastically in the last few months. Those of us who are continuously making offers on properties will tell you that within hours there are multiple offers on every REO that pops up as a foreclosure listing in the MLS. The selling price ends up being much higher than the listing [...]
28. September 2009
Budgeting – Reduce Your Housing & Living Cost
Budgeting – the “B” word nobody wants to talk about, but we are going to address it here today.
Do you ever wonder why at the end of the month there’s no money left over, or why your credit card balances keep increasing. May be it’s because you don’t have a budget set up, and you [...]
24. September 2009
Improving Your Credit Score
So what are some specific tips for boosting or improving your credit score?
Amounts Owed Tips
Keep balances below 30% on credit cards and other “revolving credit”
Pay off debt rather than moving it around
Don’t close unused credit cards – keep them open and use them once every few months to improve credit score
Don’t open a number of [...]
23. September 2009
Credit Score and Credit Report Basics
Find out what your credit score (FICO) is made up of, and what it takes to improve a bad credit score.
13. January 2009
Earn Your $1 Million – 6 Steps
1) Stop Senseless Spending
Unfortunately, people have a habit of spending their hard-earned cash on goods and services that they don’t need. Even relatively small expenses, such as indulging in a gourmet coffee from a premium coffee shop every morning, can really add up – and decrease the amount of money you can save. Larger expenses [...]
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28. August 2010
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