Archive for Uncategorized
Why Maintaining Good Credit Matters
Posted by: | CommentsHannah shares her experience on why maintaining good credit matters.
The current state of the economy has left investors scrambling to boost their credit scores. Hannah Fliegel aka the ‘foreclosure fixer,’ explains how you can easily repair a damaged credit score and instantly receive at least a 60-point boost.
Hannah Fliegel
Hannah Fliegel is a credit restoration expert, and her company, Financial Education Services assists clients in navigating the credit repair process efficiently. Financial Education Services begins with the dispute process in an effort to remove negative trade lines on a consumer’s credit report by challenging, inaccurate, obsolete or unverifiable information.
Hannah is also a real estate investor who maintains a credit score of 819 and services well over $1.2 million of mortgages. Home loans and lines of credit are drying up for investors who have less-than-perfect credit. By maintaining stellar credit, investors have more options for investment opportunities. Hannah began investing in real estate in 2004. After having a pre-construction deal in South Florida go south and compromise her credit, Hannah discover the world of credit restoration. Hannah, a true entrepreneur is living proof that lemons make great lemonade!
Check us out with our special 3 month trial- April Only
Posted by: | CommentsHave you been thinking about an Annual Membership but are not yet ready to commit to a full year?
Check us out with our special 3 Month Trial!
For only $17 per month, you can test drive our REIA Club and
attend 3 consecutive monthly meetings for 3 consecutive months
(regularly $20 a month).
This is a NO RISK OFFER.
Your credit card will only be billed for the three month period. Should you decide to become a member we will deduct the fee from your membership plan! How great is that?
Click the secure Paypal Button below now to sign up for this exclusive (limited time only)) 3 month trial
Update: 2010 Tax Credit for New Home / First-Time Buyer
Posted by: | Comments
Here is an Important Update (04/01/10): The 2010 New Home Credit and First-Time Buyer Credit begins May 1, 2010.
The New Home / First-Time Buyer Credits are available only for purchases that close escrow on or after May 1, 2010.
These tax credits are available for taxpayers who purchase a qualified principal residence on or after May 1, 2010, and before January 1, 2011. Additionally, these tax credits are available for taxpayers who purchase a qualified principal residence on or after December 31, 2010, and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010. The purchase date is defined as the date escrow closes.
These tax credits are limited to the lesser of 5 percent of the purchase price or $10,000 for a qualified principal residence. Taxpayers must apply the total tax credit in equal amounts over 3 successive tax years (maximum of $3,333 per year) beginning with the tax year in which the home is purchased. The tax credits cannot reduce regular tax below tentative minimum tax (TMT). The tax credits are nonrefundable and unused credits cannot be carried over.
The total amount of allocated tax credit for all taxpayers may not exceed $100 million for the New Home Credit and $100 million for the First-Time Buyer Credit. However, since many taxpayers will not be able to utilize the entire tax credit, the legislation specifies that the $100 million cap for the New Home Credit will be reduced by 70 percent of the tax credit allocated to each buyer and the $100 million cap for the First-Time Buyer Credit will be reduced by 57 percent of the tax credit allocated to each buyer. We will allocate the tax credits on a first-come, first-served basis.
Only one tax credit is allowed per taxpayer. If a taxpayer qualifies for both tax credits, the law specifies that we will allocate the amount under the New Home Credit.
Check this page often. You can view more updates as they become available.
Great Event
Posted by: | CommentsI 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!
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
CALL TO ACTION: Seller Financing
Posted by: | Comments**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>
The FDIC Plot Thickens
Posted by: | CommentsIf this is accurate,
the Plot Thickens via this
INSANE FDIC Formula !
Plot Thickens
According to this, One West Bank will actually
EARN MONEY on any Indy Mac Loans that go to
Short Sale or Foreclosure and it’s set up in such a
way that they can’t lose.
It makes you wonder if the Government really
wants to clean up this mess or not.
You should be aware
of this and share it with people
that you know in order to shine the light
on this “arrangement“.
This is a “sweetheart” of a deal…
just in time for Valentine’s Day right?
You’re not even going to believe this one…
Humor me…Just watch anyway.
Check the video out>>> Click Here
and please share it and share any
thoughts or opinions you have about it, below.
Does this make you question why so many Loan Mods aren’t going through?
Karen
Hard Money Convention Coming Up
Posted by: | CommentsOn February 25th in Las Vegas The 20th Annual National Hard Money Convention is taking place.
Network with hundreds of private investors, hard money lenders, portfolio managers and hedge funds attending from all over the country.
The February 25th hard money event in Las Vegas is Almost Sold Out.
In order to secure your seats, please visit their seminar registration page.
Teaching Mortgage Brokers to become Hard Money Lenders.
Here’s what they had to say….
My experience is that most mortgage brokers spend 50% of their time finding a hardmoney lender that can fund their loan scenarios. The basic flaw with the traditional mortgage broker lending model is that you are only good as the last mortgage loan you acomplished. Wouldn’t it be refreshing earning a residual income annually in addition of your loan origination fees? This can be accomplished through creating a hard money mortgage pool and private placement memorandum (PPM). The mortgage broker or real estate investor gains considerable control of your lending business and gain control of the underwriting loan process. In addition, you earn loan service fees and lending management fees as the hardmoney fund manager. Essentially you become a hard money lender portfolio manager. In plain English, you upgrade from being a mortgage broker to becoming the banker. We have created an entire lending program to show you how this can be accomplished.
Pitbull Mortgage School specializes in training mortgage brokers, real estate investors and hard money lenders, prospering in the lending industry through our training program.
If you are interested in a career in hard money lending , our hard money school and training is a must for every mortgage broker, real este investor and lending professional. In order to compete in the competitive environment of mortgage banking and mortgage lending, learning all aspects of hard money lending is essential. Pitbull mortgage school is the definitive answer in creating a high income career in real estate banking and hard money lending. Our California based seminar series has trained mortgage brokers, loan officers, private investors, hard money lenders and attorneys in the lucrative field of private money lending.
They claim to host the most powerful and dynamic seminar on hard money training and lending ever taught and always sell out with standing room only.
Pitbull Mortgage School teaches you specifics not hypotheticals.
Below is a sample of what you will learn at our national hard money training seminar:
- The creation of a REG D 506 Federal Filing.
- Starting and creating a private placement memorandum (PPM)
- Start and create a mortgage pool
- Education on the creation of a fractional investment mortgage pool
- Brokering mezzanine and conduit loans
- Start and create a hard money mortgage company
- Asking the right questions of the borrower
- Managing your borrower
- Where to place your loan scenario
- Determining the value of the real estate property (the Pitbull Hard Money way)
- Packaging and selling your loans to the real estate investor
- Brokering raw land loans and hard money commercial loans
- Learn the secrets of buying REO (bank owned properties)
- Brokering residential hard money loans
- Brokering rehab hard money loans
- Funding commercial hard money foreclosures
- Funding residential hard money foreclosures
- Assessing the value of the real estate asset
- Funding second mortgages and home equity lines of credit
- How to become a hard money lender
- Being successful in commercial hard money loans
- Being successful in hard money rehabs
- Training secrets to hard money email marketing.
To get more info>>> click here
Realtor News: Meet Shanna
Posted by: | CommentsWelcoming Shanna to FEC
“Creating relationships for life” is the motto that Shanna Ponce lives by.
Shanna Ponce
As a realtor, Shanna is able to assist buyers and sellers at a very important stage of their lives and believes that it is essential that she bring them valuable information and guidance to support them. Her goal is to make sure that her clients understand how much their relationship means to her and that she will go the extra mile to make sure that her service exceeds their expectations.
Shanna is dedicated to bringing customer service back to her industry and is doing so one transaction at a time.
Shanna first fell in love with real estate when she and her husband purchased their first home in 2001. They went on to buy five other properties and learned many great lessons along the way. Shanna began her hands on education by working at a real estate law firm and later for a title company. She found her calling when she began her career as a realtor in 2006. While temporarily working in Arizona, she sold both single family dwellings and apartments to investors from Southern California. Shanna found that she loved working with investors because her mind worked similarly.
Creative deals and closing the “impossible transactions” seem to motivate and fulfill her creative nature. In 2007, she returned to Sonoma County where she joined Remax Central Santa Rosa for 2 years. In December of 2009, she had the privilege and opportunity to join Keller Williams Realty where she is supported by a large and innovative team.
When Shanna is not helping others attain their goals, she is spending quality time with her supportive husband Hersol, and their four kids. Hersol and Shanna are raising their children to work hard for what they want and to give back along the way. She visits Honduras, Central America often with her family to visit her in-laws and is determined and dedicated to better the living conditions of their loved ones.
Shanna feels extremely blessed and believes that the most important thing to remember in life is ‘that it’s all about the lives that you touch along the way.’
Shanna can be reached in her office at : 707-484-4811 and by email: shannaleeponce@msn.com
Visit her Website http://shannaponce.com/ to know more about Shanna and her works.
Hey! That’s my property!
Posted by: | CommentsHave you ever heard of Property Fraud Alert?
I think this is a handy little service to have as part of your real estate tools because things happen- especially when we get really busy juggling multiple properties, we can miss something until we go to sell t he property.
Well, this handy little service can ward off a few un-welcome surprises.
It was designed to ward against mortgage fraud. It could be something as simple as someone recording a document to have it appear that they own your property-without your knowledge.
Property Fraud Alert is offered in certain counties. Should you decide to check out the site, it’ll ask you for the name(s) you’d like for them to monitor and the email address where you’d like to receive document alert notification.
If ever something is recorded in your name, you are immediately notified via an email alert with the following information:
- County Location
- Document Number
- Document Type
- Recorded Date
- Party Name(s)
The only downside that I see to this service right now is that it’s not offered everywhere.
If this sounds like something that would help you- Head on over to Property Fraud Alert and enter your zip code to determine if yours is a county that they serve.
Property Fraud Alert might be just what you need to help you protect your valuable property investment.
Karen
NEW MEETING DAY & LOCATION:
Posted by: | Comments
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
