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Jeb Henley has been selling Real Estate since 1975 and have seen multiple market upheavals.  He has sold investment property from California to Florida.

He will be exploring the question of whether we are going into a 2nd Dip in the price of inventory.  If you are wondering where will Job Formation start, this is for you. If you are wondering what market segment will make the highest appreciation, mark your calendar and join us on this August.

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Let me share some insights to you before I meet with everyone in August.

I actually Broker property in multiple markets.   My clients still have holdings in Sacramento, Stockton and across America.  The Theme of my August Meeting will be Changing Market conditions.  As anyone who has tried to buy real estate will know, getting a loan is now very difficult.

The Credit Market is still frozen as far as real estate goes and the changes in the Appraisal process only magnify the problem.   What the Banks do not want is more Bad Loans. But the Inventory is piling up and there will be a tipping point very quickly.

For Example sales are off in some regions 33% and inventory is up 25%. That is occurring, while interest rates are dropping.   Where are sales headed?  Probably lower and that is a problem with the inventory of foreclosed homes.

Home foreclosures are so much more corrosive than I ever imagined. By the way this month the FNMA number rose back up on delinquencies.

If Americans no longer trust homes hold value, then you will experience the Tampa, Florida market.  In some areas prices have dropped 90%.  Tampa is an actual city with jobs and running water. Vegas has a higher default rate than Tampa.

Should you jump back under your bed?

No in certain Markets, the re bound is happening just the way it did in Stockton and Sacramento.  Now the Golden markets are San Diego and Phoenix.  Be very careful is my prediction. Once Americans lose faith with the “American Dream” it will be hard to rebuild the faith.

Houses are like paper money, part fiction and part fact.

I sold Houses in Santa Cruz County at $35,000 and watched them go to Million. Given it was the same house, that is Fiction and Belief. The problem right now is Lending which is almost impossible to get a loan on anything. This will trigger more people to walk away from their homes. If lenders make lending so difficult that homes do not sell, values will fall. This is what I am describing as Phase 2 or the Double Dip provided by Lenders. Because credit is so tight, the Banks will possibly create their own 2nd crash of values.

A potential shift in attitude is occurring in America back toward Renting. Rents have stabilized in many markets and demand is strong. I have changed my buy direction towards Multi Family. In certain markets (Phoenix) it is under priced and rents are stable. Values have come down 75% into 1982 prices and that is below their real value.

Next Month we will talk about Phoenix and Vegas. Prices, Jobs, future, and past. Real Estate still makes more sense than the stock market.  The key is studying where to go and why.

Plan on attending August  for more specifics on various markets in the U.S. and why they make more sense than Santa Cruz.

4 Plex in Santa Clara  $650,000
4 Plex in Phoenix that is newer and better condition $105,000  (was $400,000 two years ago)

I look forward to meeting you all with more data and facts.  See you in August.

Jeb

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Please join us for our monthly meeting as we welcome St. Investment Broker, Jeb. T. Henley

  • Is now the time for income property?
  • Where are buying opportunity locations?
  • Where is job growth?
  • The lending crisis and real estate prices?

About Jeb Henley:

Henley has been selling Real Estate since 1975 and have seen multiple market upheavals. He has sold investment property from California to Florida.

He will be exploring the question of whether we are going into a 2nd Dip in the price of inventory. If you are wondering where will Job Formation start, this is for you. If you are wondering what market segment will make the highest appreciation, mark your calendar.

Register Now

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Question by jsnaughtywife: if you signed up for those real estate education things and paid for seminars can you claim them on your taxes
if so where would you place that amount that you paid for the real estate education?

Best answer:

Answer by v b
If you were planning to invest in real estate, the seminars are *not* deductable.

IRS publication 529.

What do you think? Answer below!

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Question by missthankyou: Is there any organization out there that can teach me real estate investing ?
I really would like to get into real estate investing. However, I do not have a mentor. I wish I knew someone who started with nothing and now is a productive real estate investor. I see info out there about becoming a real estate agent but nothing on how to become a real estate investor unless you read books which I have. I just think it would be so much more educationally informational for me if I worked with someone one on one. Can anyone assist me? I appreciate all answers. Thanks guys!

Best answer:

Answer by Brittany Ellison
try your local community college

Know better? Leave your own answer in the comments!

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Please join us for our monthly meeting as we welcome guest speaker, Jeff LermanExpert in RE Investor Law.

Jeff will be talking about:

  • The single biggest mistake that can cost you millions—yes, millions—of dollars…and how to avoid it
  • One of the most frequently litigated issues, and what you need to include in your partnership agreement to minimize disputes
  • The key professionals you need to get involved in this important process
  • When you need to comply with the securities laws, and when you don’t
  • The key planning issue that could save you big money in taxes
  • And much more

Date:  April 22, 2010
Time: 7:00 pm

Don’t miss this interesting event.

For registration, click here.

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Feb
27

Get the edge using Probates

Posted by: karen | Comments (0)

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Prospect Probates for Huge Profits!


Every competitive edge helps.

Learn about Probate Real Estate Investing’ and no one else will stand a chance. Take all of the business!

‘Probate’ is probably the most misunderstood and over-looked aspect of investing- in terms of uncovering motivated home sellers and as a result undoubtedly Huge profits. It’s possible that you have muttered the following words “forget that house, it’s in probate” or “that one’s a probate and they take too long” and/ or you may have heard another investor say something similar to this.

WRONG!

The general scarcity of awareness within the real estate investor industry makes this another niche strategy to having the ability to perpetually create some profitable deals where there is minimal competition. Education is required as a means to learning the exact system that must be followed to implement this technique but should not be considered an obstacle.

In Probate you can expect to analyze these opportunities from the same due diligence standpoint as you would certainly perform with other deals:

  • Might the homeowner be motivated and determined to sell?
  • Exactly what does the owner want with respect to price and terms?
  • Existing title issues that may produce certain hurdles?
  • Have I got the appropriate safeguards in place to pursue this deal?
  • Precisely what is my exit strategy on this specific deal?
  • What type of profit potential am I striving for?
  • How should I proceed with the next step, rinse and repeat?

It’s paramount that a well rounded real estate education is essential in order that you will be able to make money during the course of market changes.

In the event you find yourself experiencing a scarcity of deals, there is always a choice. A choice to learn more and deliver the service that’s in demand at that particular time. Always keep yourself armed with knowledge by continuing to learn something new…you never know when your expertise will be required.

Probate real estate investing could be a new and logical resource to supply you with countless lucrative deals within today’s real estate conditions.

Let me caution you against over analyzing ‘Probate’ deals by convicting yourself that a law degree is necessary to getting involved with these types of properties, that’s a myth. Engaging in ‘Probate real estate investing’ is within realistic range of your abilities, once you have educated yourself.

Allow me to remind you that by choosing to target these types of deals, you’ll nevertheless be utilizing the various other resourceful real estate techniques such as wholesaling, seller financing, etc that you’ve also learned.

Check this out, the experienced ‘Probate real estate investors’ know that they’ve hit pay dirt with this motivated seller goldmine. They aren’t real happy to have their niche become so accessible and would prefer to have these deals to themselves while watching you scramble around on short sales. As long as you have your game plan in place and understand what you’re doing, maybe have a mentor- there’s an abundance of deals out there- go out and get yours!

Exactly why are probate sellers motivated to sell to an investor?

  • Powerfully painful memories of years and relatives gone by creating an overwhelming desire to move on.
  • Shortage of funds to keep up the mortgage payments, taxes and insurance.
  • Absence of cash to fund needed repairs prior to selling or renting.
  • A need for quick lump sum of cash for whatever reason.
  • Imminent foreclosure proceedings on the horizon due to circumstances.

The Probateprocess observes certain state specific guidelines but they all come down to the necessity of satisfying the debtors claims and owners must liquidate these properties quickly, this is where you come in.

Every great real estate deal has to ultimately be structured as a win-win experience for everyone involved. It’s true that most everyone prefers to receive as much as possible for his or her property or home while you being an investor consistently requires a cheaper price or better terms in order for it to make sense.

It’s the exact same scenario in Probate- while you will be making a profit by helping someone to liquidate their property, you’ll be charged with the duty of creating win-win circumstances that everyone will be content with.

Finally on the subject of ‘Probate’-by identifying yourself as a probate investor, you have  a significant advantage over your local competition and can quite possibly be  perceived as the expert in that arena, creating many, many opportunities to deal directly with sellers, to mentor others and to partner in referral arrangements.

Suppose that you are the only investor in your county that has studied and specialized in probate investing, the person that is undoubtedly aware of the deep discounts you can get for these deals and the HUGE profits accessible because of it?

  • You would KNOW that these properties can be obtained at 50%-60% of market value.
  • You would KNOW that this is a viable and profitable niche worth mastering.
  • You would KNOW how to systematically keep your deals flowing in.
  • You would KNOW how to stay ahead of your competition by wheeling and dealing in this untapped sector of the market.
  • You would KNOW how to market your business and teach homeowners how to find YOU.

Should you choose to absolutely take your real estate investing enterprise to the height of its success, the height of its profit potential – I firmly recommend that you learn and become proficient as a ‘Probate Real Estate Investor.

I know you’ve heard the saying” you make your money when you buy real estate”- Buy at a heavy discount, lock in your profits from day one-

Get that competitive edge by getting involved with Probate Investing, get aggressive and get paid.


Stop Battling Thousands Over Foreclosures . . . Learn the Little Known Probate Strategy For Real Estate Investing

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Feb
27

Great Event

Posted by: karen | Comments (0)

I didn’t get home from the
Financial Enlightenment Club/
Real Estate Investors Club Meeting
tonight-until 10:00pm and it ended at 9!

Listen to this, when I left the Doubletree, there were still 7 people there networking, laughing and getting to know one another.

In case you missed it, tonight’s meeting was a great one. People got there early and the real estate investing buzz  and humm began…
I love that feeling.
There were those familiar faces as well as
people I’d never met- everyone was warm, enthusiastic and energized- we learned,
we shared, we had fun tonight…together.

Everyone got a chance to meet Chuck, Kristy and Shanna- what a great team! Chuck gave a mini power point presentation on the 203 (k) loan, Shanna talked about what she’s been seeing out there as an agent and Kristy….? Kristy was a natural at the door and the drawing!- I’m so glad that
she’s a part of our group.

Forrest Jinks was a huge hit at the FEC Club tonight- he rocked it with some good solid opinions and a heck of a lot of bare bones economical common sense about the real estate market in his presentation.

I think it went very well– and there was a
great deal of “audience participation”, whether
itwas questions, comments,laughing etc.

That’s always a good sign of an awesome meeting, don’t you think?

THANK YOU Forrest!

Forrest Jinks




The adventure will continue next meeting!

Remember that the goal is to build up our investor community here in the North Bay and if tonight was any indication…that will most certainly happen.
If you missed it tonight-  we got you covered…
I hope you can join us at the next meeting, which will be March 25th with Warren Racine.

Thanks for coming out everyone-
I really enjoyed it very much.

To your success,

Karen

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Feb
15

CALL TO ACTION: Seller Financing

Posted by: ajish | Comments (0)

**CALL TO ACTION – LAST DAY**

The following information is extremely important!

“HUD Issues Problematic Rules Interpreting SAFE
Mortgage Licensing ACT HUD has proposed to eliminate
ALL seller financing unless the seller lives in the home
or becomes a licensed mortgage originator.”

Seller Financing for Residential and Commercial properties
is a HUGE way for investors to flip properties.

We desperately need for thousands of real estate investors
across the country to go on record with HUD on this issue.

How YOU can help:

1. Call your US Congressman or US Senator…otherwise,
according to one government insider, your emails to them will
be read by a lowly staffer.

To find your local US Congressman and US Senator’s line, go here

For US Congress: use (202) in front of the phone numbers listed
here
http://clerk.house.gov/member_info/mcapdir.html

For US Senate: use (202) then the “22″ prefix in front of the phone
numbers listed here

http://www.senate.gov/general/resources/pdf/senators_phone_list.pdf

2. Tell them what you feel about the proposed law and how
that would negatively impact the real estate business their area, and for you.

Your message should include that you would like the definitions
in the proposed rules to be changed so that private individuals
can originate and service loans on properties they personally own.

Opinions must be in by tomorrow.

Which means we have less than one day left to  flood this system
with comments.

Please forward this info to those who need to know. Action must be taken quickly.

Here is the link to HUD to read the law:

http://m1e.net/c?40134443-RN4wgovDS//vo%405038917-wcMDQJ2j1DRlk“>http://m1e.net/c?40134443-RN4wgovDS//vo%405038917-wcMDQJ2j1DRlk</A>

Here is the link to HUD for you to post your public Comments:
http://m1e.net/c?40134443-Bu7YsRGpcd3rY%405038918-vftzEOO.qaoQU“>http://m1e.net/c?40134443-Bu7YsRGpcd3rY%405038918-vftzEOO.qaoQU</A>

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Feb
08

NEW MEETING DAY & LOCATION:

Posted by: ajish | Comments (0)

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We have merged 2 great REIA Clubs!!

The Kick-off is Tues Feb 25th!

Financial Enlightenment Club/REIA  and the North Bay Real Estate Investors Association are joining forces.

FEC will retain the name to represent the combination of both groups.

We’re so excited about this consolidation, which we believe will bring synergies that strengthen our infrastructure to provide higher quality services and programs for our members and help us to expand our association membership.

See you on Thursday February 25th at 7:00PM – 9:00PM at the Double Tree Hotel - One Doubletree Drive Rohnert Park, CA 94928

We are confident that this merger will be a win – win for everyone who supports and benefits from our educational efforts and we look forward to being an integral part of your wealth building in 2010.

See you very soon!

PS. Please NOTE the new permanent Location and Day

Doubletree Hotel- Sonoma Wine Country

One Redwood Dr Rohnert Park, CA 94928

We meet Every 4th THURSDAY of the Month

need Directions? >>> Click Here

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