The average American has at least one credit card and carries a balance of more than $1,700. Faced with mounting minimum payments on their cards and shrinking monthly budgets, what is a consumer to do? Answer: Call your credit card company and negotiate a lower interest rate.
Credit card delinquencies are mounting with the downturn in the economy. (Interestingly, the two states with the highest foreclosure rates, Nevada and Florida, also lead the nation in credit card delinquencies.) Through July, the annualized rate of credit card charge-offs rose 33 percent compared to last year, according to Moody's Investor Services. At the same time, the Payment Rate Index, which reflects borrowers' ability and willingness to repay credit card debt, dropped.
Faced with increasing delinquencies, credit card companies are more willing than ever to lower your interest rate to make sure you'll be able to keep current. The last thing they want is for you to fall behind on your payments and have another past-due account on their books.
Live webcast at http://www.fastbuyerloans.com at 7pm - Central each Tues and Wed evening.
Tuesday, September 30, 2008
Thursday, September 18, 2008
It is now number...crunching time
There simply is no substitute for a thorough property evaluation using all of the mathematical valuation tools available.
What is your gross potential income - the rents you can count on to be paid regularly and on time?
What is your breakeven ratio calculation (fixed costs/gross profits) for that magic turn to positive cash flow?
What are all your potential expenses and risks?
What is the property's investment potential? (Use the cap rate calculator at www.deangraziosi.com for this.)
Your lender may keep you focused, because they will likely want to see numbers that assure them of a performing loan asset. But in the end, doing the math well is your responsibility... and to your benefit.
Sure, it takes work to find the right properties. But it's not complicated. You don't need any special education or skills. It's all about gathering information and making decisions based on hard factual data, proven calculations, and a little bit of luck.
Hey, if a naive kid like me - who came from no money, had no mentors, and never went to college - can do it... you can too! By acquiring the right knowledge and taking the right actions, your first deal could be just weeks away.
What is your gross potential income - the rents you can count on to be paid regularly and on time?
What is your breakeven ratio calculation (fixed costs/gross profits) for that magic turn to positive cash flow?
What are all your potential expenses and risks?
What is the property's investment potential? (Use the cap rate calculator at www.deangraziosi.com for this.)
Your lender may keep you focused, because they will likely want to see numbers that assure them of a performing loan asset. But in the end, doing the math well is your responsibility... and to your benefit.
Sure, it takes work to find the right properties. But it's not complicated. You don't need any special education or skills. It's all about gathering information and making decisions based on hard factual data, proven calculations, and a little bit of luck.
Hey, if a naive kid like me - who came from no money, had no mentors, and never went to college - can do it... you can too! By acquiring the right knowledge and taking the right actions, your first deal could be just weeks away.
Buying in the Wrong Location
You've heard it many times... real estate is all about location, location, location. And while there's no doubt that this is true, it's a bit of an oversimplification.
Some of the ways location influences real estate investment values include:
Population demographics related to people moving in and out of the area
Quality of living factors (and these can change over time)
Over-exuberance on the part of buyers and builders because of the area's past history
Major lifestyle trends that may not yet be apparent
These influences can apply to large areas of a state... or to local subdivisions or neighborhoods. The wise investor will focus on a local neighborhood he's familiar with, but not to the exclusion of the entire city or county.
Location is more than just a pretty street with views. Here are some questions you should ask yourself before you invest in a property:
Is there job growth, stagnation, or shrinkage here? (If an area has a sudden increase in jobs, more people will flood in, driving up real estate prices and apartment rentals. If an area suddenly loses jobs, more people will leave, depressing real estate prices and lowering rental demand. Both situations create different but profitable opportunities.)
Are industry and commercial ventures moving in or out?
Has there been a recent trend for government to dedicate large tracts of land for parks or green space? (This reduces land inventory for building, makes life more pleasant in the area, and is, thus, a predictor of more people wanting to live there.)
Has the trend for more parks and green space driven builders to over-construct new homes... beyond the current demand for them?
Are trends unrelated to the immediate area going to impact prices or the demand to live there? (For example, U.S. home prices fell 4.8 percent in the second quarter of 2008 compared with a year ago, a new record low. This could indicate that a home that was appraised for $200,000 a year ago and is on the market for $190,000 still may not be a good deal.)
Are high gas prices going to cut into the demand for more rural living... or increase the demand for homes in urban areas?
The changes in demographics and/or trends that make a location more or less desirable happen gradually - and a careful investor makes every effort to uncover them.
Some of the ways location influences real estate investment values include:
Population demographics related to people moving in and out of the area
Quality of living factors (and these can change over time)
Over-exuberance on the part of buyers and builders because of the area's past history
Major lifestyle trends that may not yet be apparent
These influences can apply to large areas of a state... or to local subdivisions or neighborhoods. The wise investor will focus on a local neighborhood he's familiar with, but not to the exclusion of the entire city or county.
Location is more than just a pretty street with views. Here are some questions you should ask yourself before you invest in a property:
Is there job growth, stagnation, or shrinkage here? (If an area has a sudden increase in jobs, more people will flood in, driving up real estate prices and apartment rentals. If an area suddenly loses jobs, more people will leave, depressing real estate prices and lowering rental demand. Both situations create different but profitable opportunities.)
Are industry and commercial ventures moving in or out?
Has there been a recent trend for government to dedicate large tracts of land for parks or green space? (This reduces land inventory for building, makes life more pleasant in the area, and is, thus, a predictor of more people wanting to live there.)
Has the trend for more parks and green space driven builders to over-construct new homes... beyond the current demand for them?
Are trends unrelated to the immediate area going to impact prices or the demand to live there? (For example, U.S. home prices fell 4.8 percent in the second quarter of 2008 compared with a year ago, a new record low. This could indicate that a home that was appraised for $200,000 a year ago and is on the market for $190,000 still may not be a good deal.)
Are high gas prices going to cut into the demand for more rural living... or increase the demand for homes in urban areas?
The changes in demographics and/or trends that make a location more or less desirable happen gradually - and a careful investor makes every effort to uncover them.
Monday, September 15, 2008
Is This All There Is to Life?
You can keep going through the motions, trying to keep up with the Joneses, and wondering if there is more to this life... or you can open the door to a whole new level of success, financial independence, and achievement.
It's the difference between having a job you dread, or the job you dream about... between retiring with just enough to get by, or with a seven-figure nest egg... between living the life you live today, or living the life of those you envy...
Here's your opportunity for a once-in-a-lifetime insider's look into the practical ideas, systems, and methods for creating an abundant life for you and your family.
All the risk is on our shoulders to deliver this. All you need to do is accept this generous offer and follow the step-by-step details for enjoying a brand new life.
Thursday, September 11, 2008
Funds To Flip Short Sales from Home Seller Assist by John Alexander
*** Now use our Investor Funds to Flip Shortsales***
...They put up the money when you get a buyer lined up...
using our Financing Program...
...Split the profits 50/50...
Buying shortsales at 50% of appraisal is common right now....
...Don't let this market pass you by...
Click...
http://www.fastbuyerloans.com
...They put up the money when you get a buyer lined up...
using our Financing Program...
...Split the profits 50/50...
Buying shortsales at 50% of appraisal is common right now....
...Don't let this market pass you by...
Click...
http://www.fastbuyerloans.com
Thursday, September 4, 2008
Did you miss the HSA webcast last night?
I didn't want you to miss...
...the tour into the platinum membership area which they took everyone on last night.
You will be amazed at the tools for flipping homes that you see demonstrated in this
webcast. Watch it now at:http://www.wealthontv.com/genintros03.wmv
...the tour into the platinum membership area which they took everyone on last night.
You will be amazed at the tools for flipping homes that you see demonstrated in this
webcast. Watch it now at:http://www.wealthontv.com/genintros03.wmv
Larry Potter
PS: Remember, you can become part of this right now, by simply going here and
joining me. http://www.fastsellerloans.com/
I've made almost $18,000 since June 23rd!
PS: Remember, you can become part of this right now, by simply going here and
joining me. http://www.fastsellerloans.com/
I've made almost $18,000 since June 23rd!
Tuesday, September 2, 2008
News from the National Assoc of Home Builders
Developments in financial markets in the second half of 2007 and early months of 2008 have undermined rather than contributed to recovery in the housing sector. Housing sector activity has been depressed by an additional 30 percent due to the credit market crisis.
Single family housing starts are down 63 percent from peak levels of production during the housing boom with some of the most troubled markets down 80 percent or more.
The toxic combination of lax lending standards and stagnant or declining house prices in many markets creates the potential for downward spirals with resetting mortgage terms and declining prices forcing foreclosures that depress prices further forcing additional foreclosures.
The most troubled markets are in Florida and California, and include Las Vegas and Phoenix, AZ, but the twin problems of inflated house prices and questionable mortgage lending are not isolated.
Housing markets across the country will experience another difficult year in 2008 before recovering in 2009. Recovery will be uneven with some of the most troubled markets declining through 2009.
Markets in the Northeast and South, with the notable exception of Florida, will recover ahead of markets in the Midwest. The industrial states are at greater risk of continued weakness than the farm belt, and the Western markets in Las Vegas, Phoenix and California will be the slowest to recover.
That's why the Home Seller Assist program is catching on like wild fire. Created by John Alexander this no bank qualifying allows people with problem credit to purchase homes and agents, builders, investors, loan officers and sellers around the nation are using this new funding to quickly move properties. They will even pay you a 1% commission for every buyer you bring to them that obtains a loan that funds!
John Alexander presents a live webcast each Tues and Wed evening at www.fastsellerloans.com, so make sure you attend the next one. The times are on the website, hope to see you there.
Larry Potter, Pres.
KIM-LAR, INC.
847-872-4047
Single family housing starts are down 63 percent from peak levels of production during the housing boom with some of the most troubled markets down 80 percent or more.
The toxic combination of lax lending standards and stagnant or declining house prices in many markets creates the potential for downward spirals with resetting mortgage terms and declining prices forcing foreclosures that depress prices further forcing additional foreclosures.
The most troubled markets are in Florida and California, and include Las Vegas and Phoenix, AZ, but the twin problems of inflated house prices and questionable mortgage lending are not isolated.
Housing markets across the country will experience another difficult year in 2008 before recovering in 2009. Recovery will be uneven with some of the most troubled markets declining through 2009.
Markets in the Northeast and South, with the notable exception of Florida, will recover ahead of markets in the Midwest. The industrial states are at greater risk of continued weakness than the farm belt, and the Western markets in Las Vegas, Phoenix and California will be the slowest to recover.
That's why the Home Seller Assist program is catching on like wild fire. Created by John Alexander this no bank qualifying allows people with problem credit to purchase homes and agents, builders, investors, loan officers and sellers around the nation are using this new funding to quickly move properties. They will even pay you a 1% commission for every buyer you bring to them that obtains a loan that funds!
John Alexander presents a live webcast each Tues and Wed evening at www.fastsellerloans.com, so make sure you attend the next one. The times are on the website, hope to see you there.
Larry Potter, Pres.
KIM-LAR, INC.
847-872-4047
Monday, September 1, 2008
We have changed the webcast times...
... to increase the Biz Opp broadcast and to make the calls flow correctly.
Retail Seller's Webcast/Call is now done only on Tuesday at 9:30 pm EST
The Business Opportunity Webcast/Call is held every Tuesday and Wednesday at 8:00 pm EST.
The call times have been updated and are under the videos on the web page at WeProvideTheCash
The weekly HSA Training Call is held at 9:30 EST on Wednesdays.
Retail Seller's Webcast/Call is now done only on Tuesday at 9:30 pm EST
The Business Opportunity Webcast/Call is held every Tuesday and Wednesday at 8:00 pm EST.
The call times have been updated and are under the videos on the web page at WeProvideTheCash
The weekly HSA Training Call is held at 9:30 EST on Wednesdays.
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