Archive for July, 2015
What Makes the Best Rental Property?
Posted on July 6, 2015 byOver the past twenty years, Kim and I have bought a wide variety of investment homes – everything from a one-bedroom, one-bath duplex to a six-bedroom, four-bath McMansion. Experience has taught us what makes the best – and worst – rental property!
Jack Miller said: Everything else in real estate is harder than a house. With that said, Kim and I stay away from townhomes, condos, duplexes and apartment buildings. We’re not saying these are bad investments; it’s just that they require a lot of hands-on attention, and our goal is freedom, not a j-o-b.
When it comes to single-family homes, the most in-demand property is a three-bedroom, two-bath home…with a garage…without steps…on a level lot…in a nice, convenient neighborhood. We call these Walmart houses.
Think of a Walmart house this way: Go to a checkout register at Walmart that has ten people in line. You hold up a picture of your investment property and ask, “Who would like to live in this home?” You want eight out of ten hands to go up. Next – and this is the most important question of all – you ask, “Who can afford to live in this house?” The eight out of ten hands need to stay up. If several hands drop, then your rental property is too high-end – which means you’ll have fewer prospective tenants able to afford the monthly rent…and having fewer applicants is not better when it’s time to rent your property! Read More→
How To Stop A Foreclosure In Its Tracks!
Posted on July 6, 2015 byIf you ask most people they would probably tell you that the foreclosure crisis is over, and that we’re in the middle of a housing recovery. The fact of the matter is that foreclosures are continuing, but the banks have slowed and managed the process a bit to keep the government off their backs. That’s the bad news. The good news is that a recent Supreme Court ruling has provided homeowners with a silver bullet that could stop a foreclosure in its tracks!
As spelled out in a January ruling by the Supreme Court, a homeowner’s right to rescind their loan could immediately stop a foreclosure. The right of rescission is essentially a consumer protection built into the Truth in Lending Act (TILA) that allows a borrower to rescind their loan if the lender failed to fully comply with all of the requirements of TILA. As you might imagine, TILA violations are incredibly common. So how does the right to rescind stop a foreclosure? It’s simple. From the moment you drop your notice of rescission in the mail, the note and mortgage are nullified. The bank can’t foreclose on a note and mortgage loan that have been nullified. The bank has 20 days to challenge the rescission, but until they have effectively argued that they have the right to enforce the note and mortgage (without being able to use the note or mortgage in their proof of standing, the foreclosure cannot continue. It should be noted that this only works on primary residences. It will not work on second homes or investment properties. This also works better on refinance homes than on original mortgages, but it is still possible on original mortgages (purchase money mortgages). Read More→
Tampa REIA Meets on July 9th with Special Guest Reggie Brooks
Posted on July 2, 2015 byat the Doubletree Suites Tampa Bay
with Special Guest Speaker, Reggie Brooks
Tampa REIA Members Can Attend at No Charge.
Guests Can RSVP Online Now for $15 or Pay $20 at the Door.
Tampa REIA Members Please RSVP on Meetup.com
if you have a meetup account.
Whether it’s quick cash that you need right now, or long term wealth that you’re looking to build, it can be done fairly quickly. Vacant Property specialist Reggie Brooks is the expert to teach you how to do it.
Mark you calendar right now! July 9th at 6PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL. Reggie’s going to teach you the steps he took to go from making $3,000 per month at the telephone company, to over $42,000 per month in his real estate business. He did it doing exactly what he’s going to be teaching, with Vacant, Distressed, Abandoned Properties!
Here a smidge of what Reggie’s will be teaching…
- Why the banks won’t lend on these properties, making owner financing easier than ever! With owner financing, you don’t need money, credit, or a job
- How to make serious money with properties that are upside down, meaning the value of the property is less than what’s owed against the property
- How to use Reggie’s “Secret Weapon” which will speed you toward finding those owners who’s mailing address is the same as the vacant property
- How you can easily make $10,000 within the next 2 weeks with vacant properties
- A little known Government program that can easily make you rich while you help other people – You’ll be amazed!
- How to get all the money you need for you investments “chasing you”, instead of you chasing it. And there’s No Qualifying!!!
- How a blind student easily made over $14,000 on his 1st deal. He’s a rich man now!
- And Much, Much More!
Reggie is a dynamic speaker/educator. Come prepared to take lots of notes. You don’t want to miss out on golden nuggets like very creative ways to find motivated owners of vacant properties, or the various case studies of people who have used Reggie’s system to make big profits buying and selling these unwanted properties.
WIN A 4 NIGHT STAY IN CANCUN: All participants who attend the Tampa REIA Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.
Tampa REIA Members Please RSVP on Meetup.com
if you have a meetup account.
*Please Note: Meeting agenda is subject to change.
After the conclusion of the Tampa REIA Main Meeting (around 9:30PM), we will be reconvening at Whiskey Joe’s Bar & Grill located at 7720 West Courtney Campbell Causeway in Tampa for the “Meeting after the Meeting”. Come eat, drink, network and have fun with us as hang out late into the night on Tampa Bay!
Full Day Workshop on Flipping Houses with Reggie Brooks on July 11, 2015
Posted on July 2, 2015 by$30,000 Flips In Your Own Back Yard
A Full Day Workshop With Reggie Brooks
Saturday, July 11th from 9AM-5PM
DoubleTree Suites Tampa Bay
3050 N Rocky Point Dr W, Tampa, FL
Join Reggie Brooks at the $30,000 Flips In Your Own Back Yard Workshop on Saturday, July 11th from 9AM to 5PM at Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL. where he will show you how you can make $30,000 cash in the next 60 days.
While you’ve been keeping your nose to the grindstone, paying taxes and worrying about keeping up with inflation…… silently all across America, shrewd real estate investors are cleaning up. But, right here and right now, things are going to change.
“There Are Millions To Be Made In Real Estate – Right Now, In Today’s Changing Market”
“In Fact, If You Don’t Make $30,000 Or More In The Next 60 Days, You Didn’t Attend My Training!”
The truth is it’s very easy and simple to make millions… IF you just have and use the know-how. Right now, right here in your area, there are undervalued properties ready to be scooped up for pennies on the dollar. This is the time to buy these deeply discounted properties and make “a killing” down the road. The money is there for the taking.
Some of what you will learn includes…
- How to take the vacant, abandoned property opportunity to the next level, where the BIG money is
- Lots of unconventional ways to find the elusive owners of vacant, distressed and abandoned properties
- How to write the purchase contract using powerful, money-making clauses
- Easy steps to take a zero profit deal and turn it into a $25,000 deal
- How to make money with these vacant properties using no cash and no credit
- How to use creative financing to fund your vacant property deals
- Understanding the Dodd-Frank Act and how to get rich anyway
Mark you calendar right now for July 11th! Reggie’s going to teach you the steps he took to become a multi-millionaire. And he did it doing exactly what he will be teaching you!
A little more of what you will learn…
- How to formulate the correct amount to offer on a potential investment property
- How to buy investment property well below market value
- How to earn 12% to 50% interest on your money, and your checks come straight from the Government
- How to buy houses, apartments, commercial, etc. for pennies on the dollar
- Loads of hot new tips and insights that the pros use to find good deals in this changing market
- Clever ways to automate the abandoned property system – get these properties chasing you instead of you chasing them
- Amazingly simple, low cost ways to fix up properties for maximum profits
- How to buy properties at market value and still make $10,000 to $50,000 in profit
- How to make tens of thousands of dollars on deals that other investors walk away from
- Quickly getting rid of fear and get moving quickly toward your level of success
- And Much, Much More!
It should be obvious. If you use any of the investing tips and techniques that you learn, you could add huge money to your bottom line. The potential truly is unlimited. There are great deals hiding in every real estate market and this training makes finding them easy to find and make money on. You may never have to work at a job again.
Don’t let this great learning opportunity pass you by. Register now!
Reggie Brooks is a dynamic speaker/educator. As an active investor, Reggie pecializes in unique ways of finding and repairing properties for resale higher than the prevailing market. Having risen above a life of poverty, Reggie has achieved what many people consider to be impossible. He went from making $36,000 per year at the local telephone company, to making over $40,000 per month in his real estate business.
Peter Fortunato’s One Step Beyond Seminar in Atlanta on September 12 & 13, 2015
Posted on July 1, 2015 byOne Step Beyond
Sat & Sun, September 12th & 13th in Atlanta, GA
9AM – 5PM Both Days
Hilton Garden Inn Atlanta – Atlanta Airport Millenium Center, 2301 Sullivan Road, College Park, GA 30337
Pete will present two days of lecture and discussion, with real-world case studies. This is the only presentation for One Step Beyond in 2015! Questions and Debate always encouraged! Get involved – this class is for you.blease
Location – Hilton Garden Inn Millenium – ATL Airport. Room Block – Fortunato – One St
Pete describes – Using what you Want, to get what you Need, to get what you Want
- Recognizing, Inviting & Utilizing Catalysts
- Options & Other Contracts
- Equity Participation – Lending & Investing
- Deferring Taxes via Installment Sales
- Exchanging & De-Financing
- Sandwich Lease for Cash Flow & Yield
- Seller Financing in Not a Loan
- I Have no Other Collateral
- Borrowing with Real Estate
- Preserving Installment Sales
- Sale and Option Back
- Exchanges as Equity Financing
Pete describes – Using what you Have, to get what you Need, to get what you Want
Some of the Documents included in this Seminar:
- Deed Reserving Remainder Interest
- Seller Financed Note – Non-Recourse
- Substitution of Collateral Agreement
- Agreement for Deed – Lease Option Style
- Exclusive Right to Purchase a Note
- Option Agreement
- Purchase Money Mortgage
- Mortgage to Secure Otion
- Equity Participation Loan Note
- Lease with Right to Suep Beyond. $89/night (includes parking). Please visit PeterFortunato.com for more info on this Seminar.
4 Easy Ways to Register: Download and complete the Registration Form and 1) Fax to: (678) 550-2155, 2) Call (770) 815-8728, 3) Email to Kim@CashflowREI.com or 4) Mail to: CashflowREI, PO Box 22, Adairsville, GA. 30103.
Register Now for Pete’s One Step Beyond Seminar
