If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Get FREE Instant Access To “Increase Your Business With Twitter” 5-day Training Series
($97.00 Value) Yours FREE. Claim It Now & Receive a Special Bonus Gift.
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
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 plan and goals
Think LONG [...]
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!
————————————————————–
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:
————————————————————————————-
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
The Future Of Short Sales – Video
The Future Of Short Sales
Share and Enjoy:
24. January 2010
Reasons to Prevent a Foreclosure – Video
Reasons to Prevent a Foreclosure
Share and Enjoy:
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
Share and Enjoy:
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? [...]
10. January 2010
Loan Principal Reduction Program For Investors
Loan Principal Reduction Program – Scroll down past the article…
Servicers who lower distressed homeowners’ mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a new study published by the Federal Reserve [...]
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.
Share and Enjoy:
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:
—————-
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!
—————-
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
Share and Enjoy:
22. December 2009
AMAZING Videos! Sand Drawings…
Sand Drawing by Kseniya Simonova
12 Year Old Artist
More Sand Drawings by Kseniya Simonova
Share and Enjoy:
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.
—————————————
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 [...]
5. February 2010
0 Comments