Real Estate Today - What's HOT?

by Nan Woodward

Today you really need to look around you and see what it will take to buy, sell and profit from investing.

Investors are becoming very creative today. So what can you do to make the process more effective for you? Consider financing for the buyer. How about a good oldfashioned lease option? When owners don't a large enough downpayment or their credit isn't good enough - do you give up on them?

Not I. I would seriously consider a lease option arrangement. It will help me move a property and make money. It's a win win.

I recently re-rented my house in Tucson, Az. This was my first suggestion to the renter. They chose to rent. This leaves me with a property I'm renting in a decling market. I'm sure they are thinking I will sell it for less in a year. If the market continues to decline, I will probably look to re-rent it again.

You never know where you will be twelve months from now. I expect the market to stay slow although I do believe it will improve from its current position.

Enjoy your day and make money.

Why you want to buy foreclosures

by Nan Woodward

Now is the time to buy foreclosures. The price is right. You make your money when you buy, you get paid when you sell real estate investment property.

You should investigate exit strategies you can use before you buy. Good uses for real estate foreclosures and bank reo properties is -

1. Rent them

2. Lease Option them

3. Do subject to deals

4. Wholesale them to other investors

5. Sell them on the Real Estate Market after rehab

Since the property is owned by an investor, it is less complicated to do a deal. Foreclosures take time to work your short sale with the lending company. It depends what type of process you must follow - judicial or non-judicial.

We'll discuss the types of processes in a future Investment post.

Have a good Real Estate Investing day!!

Short Sale Protocol

by Nan Woodward

Folks going down the Real Estate foreclosure road are sad, depressed, sometimes actually angry at everyone. If you are working with them, you need to understand that you cannot
give them money.

It is against the law to provide them with cash. I have walked away from potential deals for this reason.

Real Estate that the owner can't pay for can't provide them with profit.

Take care. Watch what you do, don't allow your actions to be construed the wrong way.

Real Estate Investing requires you to do your due diligence.

Did you read the 2009 forecast?

by Nan Woodward

Not only did I read it but I personally have decided that it shall not affect me. The recession is projected to continue deepening. The US unemployment is the highest it has been in 16 years! Its 7.6 percent. Wowwww.

The economy will continue to weaken. Gloom and doom.

I'm not saying the numbers don't speak for themselves.

I am saying - create your own space and stay off the track that is predicted for you. I believe I create my future with my current mindset. Do you feel that way?

I'm currently a marketer and client of Brian Tracy's new site - http://ilearningglobal.biz/nanwood. I am learning to use self improvement to my advantage and ignore the doom and gloom. You can do the same thing. Just take five minutes to go to the site and check it out.

Now that I've preached, use this information to create your own business ventures. I am currently working with Jim Fleck and buying real estate investment property in the Chicago, Il area. I buy at the right price (foreclosures, bank REO's etc) and use a property management company to rent the units for me. Since I have been taught to buy at the right price and make money when you buy - I'm doing well.

Would you like some information on properties in the Chicago area? Send me an email - nanwoodward@gmail.com

I'd be happy to help you move your biz forward as I am. Don't take yourself down, stop focusing on the negative in the world today - take charge of your future.

Nan Woodward

401K's, the economy and Nan

by Nan Woodward

So are you one of the folks like me that has a 401K? I pulled out of the market before the actual sinking. I'm in a better position than many. But, I realized a while ago that 401K's aren't the answer to retirement.

I'm building multiple streams of income. Are you??? If you aren't, why not?

I am a Real Estate Investor who dabbled around. I'm now seriously working this biz. I have excellent connections for buying investment property in several states. I'm currently building a list of investors and jv partners for all types of real estate ventures.

What are you doing to help yourself? Real Estate is a good way to diverse your business. there are good buys in Real Estate both residential and commercial today. With good credit, you can finance property.

so what are you waiting for? Hasn't the roof fallen in on your 401K and pension? For more information on real estate investing and/or properties available contact me with Real Estate in the subject line.

Nan Woodward
nanwood@yahoo.com

Short Term help for the economy declines

by Nan Woodward

The current version of the economic stimulus plan reduced the amount for short-term support. Some aid is target to state and local governments to prevent more job cust and reduce tax breaks for workers that were meant to spur quick spending.

Payroll tax cuts are reduced to $400 per individual or $800 per family. Aid to states has been reduced more than $30 billion in this new agreement.

Expenses have continued to climb while the recession has reduced tax revenues. So what happens next - if states don't receive enough tax revenues to hold the payroll where it is, they reduce the number of employees and/or cut services.

Business' is at this point now. Companies are laying off, reducing expenses in any way they can to stay viable for the long haul.

We need Americans to be more confident. Until confidence is restored, companies will not add to their staff thereby creating more jobs.

As Real Estate Investors, your future is in your hands. Be confident, move forward just do it wisely.

today

We are arriving at a new year, with major challenges. Let's focus on building our business and avoid the negativity.

Nan

Questions about Real Estate Syndication

Joel has been answering some of the questions he's been frequently ask. Here are three that I believe are important.

How is it that some people perform badly but their clients continue to invest with them?
Unbelievably, in the stock market, during turbulent times when things weren’t going well, even when investors were taking losses, the brokers would continue to get investment instructions from their clients, largely because they learn to be good communicators. If they called the client and they told them what was going on, the client would retain their confidence and continue moving forward. The issue of dealing with hardship is always one of communication. Be a good communicator, be honest, and people will respect the good effort that you make on their behalf.

How do you deal with some investors who want straight interest, while others want an equity position, or some who may want both?
If you have different kinds of investors who want different kinds of returns, you can create multiple classes inside of your operating agreement. You have to know what kind of investors you have access to. If you have investors who simply want a strong rate of return and a secure interest in the property that gets paid before others get paid, then structure a deal where they provide a certain kind of loan to the deal, while the equity investors get a subordinated interest in the property. By doing that, you can accommodate many different kinds of investors.

Should the syndicator always be a partner in the deal?

When the syndicator is an investor in the deal, it provides great confidence to the investors because you put your own money on the table. That puts you on the same side of the table as the investors. However, as a syndicator you have to ask yourself if you have enough money to put a lot into every deal. Putting a lot into every deal is contrary to the concept of leverage that the syndicator gets. Therefore the syndicator needs to take a small and properly calculated interest in each deal that he takes. And the syndicator needs to manage when the cash gets put into the deal. The syndicator does not necessarily have to write a check on day one to get into the deal. The syndicator may instead place that money into the deal over time, as his cash flow permits. There are strategies that we will discuss in the live seminar program that help the syndicator to manage this very delicate situation.

Tomorrow I'll give you more. To register for more free info and possibly the seminar visit Joel'sSeminar

What is a Real Estate syndication?

by Nan Woodward
Connector


A syndication is truly a partnership; Usually in the form of private corporation. When we find a property for sale that has an unusual profit potential, we canvas individuals from our client lists to find a buyer, or we may find two or more buyers willing to form a partnership to purchase the property forming a syndicate. Its the partnership agreement of a syndicate that determines what kind of syndicate it is. Our syndicates are based on simple and straight forward partnership agreements, as we deal with experienced well qualified individuals who rely on the strength and experience of their partners rather than the existence of a lengthy, convoluted and complicated partnership agreement. We use one local lawyer, experienced with our history of syndications, to prepare the agreement, and individuals in the partnership seek independent advise from there own legal counsel before entering our syndicate.

Joel Block is holding a seminar in LA covering raising capital for Real Estate. Joel says:

It's no secret that investors who leverage their money profit more in real estate than others do. If you're one of the thousands who come across many real estate deals and you don't know how to get enough money to profit from them all, then this may be the most important article you read all year.

Let us explain. There are two sides to succeeding in real estate investing. First you must have intimate knowledge of the real estate market. Second you must have access to the money to capitalize on your real estate knowledge. If you have either one without the other, you won't be able to maximize your earning potential. But what if you could have both?

What if someone could show you how to leverage your real estate knowledge and get others to happily put up the money to build your real estate empire?

Joel, one of California's successful syndicators has agreed to show a few ambitious real estate professionals how to leverage their expertise instead of their money in order to generate profits several times greater than they ever thought possible in this one-of-a kind, closed-door event.

In fact, we guarantee you will not find this type of information readily available anywhere else at any price. There are very few people who have access to this insider information, and they're not talking. And why should they share the business secrets that are making them rich?

Please listen to the preview call and judge for yourself. The event will be held in LA, the last weekend in May. I'd like to connect you with Joel to discuss your possible promotion of this life worldclass event for everyone's mutual benefit.

Webinar Preview:

http://m262.infusionsoft.com/go/webinar/nans913/

You can reach me at:

nanwoodward@gmail.com
skype nans913
phone 609-827-3691

Premier Seminar - Raising Money for Real Estate

This event is limited to the first fifty who register. Top people in the industry are participating. Networking is expected.

THERE WILL BE NO SELLING AT THIS EVENT. Leave your checkbook home.

Come with your business cards to learn and network with the best.

Here’s some of what you will learn step-by-step in the “How to Raise Money for Real Estate - Harnessing the Power of Syndication” Seminar…

How to set up an organization that generates profits on the very first transaction
How the syndication business works and how money gets made
How to leverage your real estate knowledge into massive wealth
How to create and generate profits 8 to 12 different ways on every deal
How to position yourself as a syndication expert
How to raise money (capital formation)
How to minimize your tax exposure and other potential liabilities
How to deal with the legal ins and outs
How to work with professionals (securities attorneys and accountants)
How to know which deals not to syndicate and make money on the deal anyway
And much, much more!

Register for this blog and receive the preview call.

Real Estate Syndication Seminar

The “How to Raise Money for Real Estate - Harnessing the Power of Syndication” Seminar is the only program of its kind, and you can be among the first to profit from it!

Joel wants you to stop limping along one property at a time and build an INSTANT portfolio. How do you do this? Joel will show you how to position yourself to attract investors who want to get in on your deals. As the syndication promoter, you call the shots. You determine your profits and how they will be paid. You may know real estate well, but few people know how to pull money together to maximize profits. This is exactly what Joel will teach you.

Here’s some of what you will learn step-by-step in the “How to Raise Money for Real Estate - Harnessing the Power of Syndication” Seminar…

How to set up an organization that generates profits on the very first transaction
How the syndication business works and how money gets made
How to leverage your real estate knowledge into massive wealth
How to create and generate profits 8 to 12 different ways on every deal
How to position yourself as a syndication expert
How to raise money (capital formation)
How to minimize your tax exposure and other potential liabilities
How to deal with the legal ins and outs
How to work with professionals (securities attorneys and accountants)
How to know which deals not to syndicate and make money on the deal anyway
And much, much more!

Show Me The Money

Not only will you learn this insider information but imagine the networking possibilities when you rub shoulders with the people who advise the “money people.” These are the accountants, attorneys, and bankers, in addition to all the real estate professionals and investors who you will meet at this amazing live event. There will be ample time set aside for networking and deal making. And believe me…You will be rewarded many times over what you invest in this program by combining efforts with likeminded people who you meet at this “first-of-its-kind” event!

Reserve your seat now and save $2,000! The full price of this seminar is $4,995. But you can save $2,000 when you register before April 18, 2008 and get the early bird price of $2,995. Tickets are limited and on a first come first served basis.

Any participant may bring a “partner” at half price. A partner can be any second person regardless of the relationship that they have to each other.

Due to the meeting room capacity at our host hotel, seminar enrollment must be strictly limited. And we know that there are more people interested in this program than we have capacity for in the room.

You will emerge from this intensive program ready to syndicate your own real estate projects. Joel will even show you how to get all the money that you invested in this program reimbursed back to you. That is just one of the benefits of this powerful weekend course.

And by the time you leave, you will know more than most people learn in a lifetime about creating a backlog of people anxious to give you money and how to profit in up to twelve ways on every transaction!

Okay, the next step is yours! Sign up today


JoelBlocksSeminar

Real Estate Markets are Uncertain Today

Stocks are jumping all over the place. Bear Stear is being bought out by JPMorgan. Investors are concerned.

the dollar is sinking against the euro, oil plunged, the Nikkei stock average fell.

when will this stop???

First Time buyers are creating Upsurge

The market is becoming a bit more viable. First time buyers are in the first time buyer's market of this century. Sellers are more willing to work with buyers.

Borrowers with good credit and a downpayment will see flexibility. At this point lenders are not accepting those with credit issues and no down payments.

The recent Fed changes make it less likely that there will be a meltdown in the housing industry. The fed is taking the bad loans off the banks books. Central banks in Canada and Europe are injecting money into their financial systems at the same time.

The dollar rose against the euro and the yen based on these announcements. The slipping dollar has driven up oil prices to record leves. Oil is priced in dollars.

The future looks brigher today.

Should Agents be Optomistic?

by nancy woodward

It depends on your outlook. I found five reasons that make good sense to me:

1. Since prices are falling, buyers get better deals.
2. Less salespeople - Realtors have more clients
3. Builders use realtors during down times.
4. Sellers pay larger commissions just to make it happen.
5. Homeowners need realtors who are more experienced when the market is deflated.

Hopefully I have helped you a bit.

Real Estate Information

by Nancy Woodward

I'm certainly into Real Estate. I've been working with Foreclosures in the last year. I'm now troubled over the constant increase in the number of foreclosures in the UNited States.

I believe, in an effort to help my clients, I shall begin also offering information and resources on the current state of the market with regard to Real Estate, financing and refinancing information and more.

If I can help you find more resources to help, I shall.

The Government Intervenes in the Mortgage Loan Problem as Mortgage woes continue to plague us

by Nancy Woodward

The government, aka Bush, has created an agreement to freeze interest rates. But, this option is only available for those with certain sub-prime mortgages and will only continue for five years. The reason for this is hopefully reduce the number of foreclosures coming in the near future. The number of foreclosures continues to rise dramatically.

Credit is no longer easy for borrower’s to obtain. In Pennsylvania one third of the number of mortgage banks have closed this year. In New Jersey the decline has been less but still it’s an impressive 22% decline.

This decline is just the icing on the cake – there is also a decline in employment related to the closings. Of course, the snow ball effect begins - less jobs, less spending, therefore less jobs and so on.

So, the governments plan will help but it definitely won’t cure the Foreclosure problems we are experiencing and will continue on into the foreseeable future.

Current Real Estate and Mortgage Financing Status

By Nancy Woodward

Financing is becoming more of an effort these days. Lenders are scrutinizing all loans closely. All loans includes investor loans, as well as, homeowner loans. As an investor, I suggest you talk to your mortgage lender and test the waters.

Did you know that you can move some of your investments into an LLC which will remove them from your credit report? Since lenders penalize you for having more than ten properties, consider moving them into an LLC. You will find it easier to obtain financing.

In a time of declining values you must know if your investment is in an area considered declining values. You certainly would not want to purchase any property in these areas today. You can find a report – The House Price Index – at http://www.ofheo.gov

As normal, do your due diligence prior to investing in anything.

Foreclosures in Atlantic County

by Nancy Woodward

Foreclosures in the south jersey area in the third quarter declined seven percent. Unfortunately forclosures in Cape May County rose thirteen percent during the same period.

These numbers are still below the state average of sixteen percent and the national average of thirty percent.

Realty Trac Inc. calculated the numbers. They are a tracking firm based in Irvine, California with a major presence on the internet.

I have used the site to find foreclosures in the New Jersey area.

What should I do to Avoid Real Estate Foreclosure?

What should I do to Avoid Real Estate Foreclosure?
By Nancy Woodward

If you are in this position, you have certainly experienced financial difficulties. You may or may not be behind in your mortgage payments. When you realize you are having problems, you should make a list of your creditors and begin contacting them.

The worst thing you can do is to ignore the situation and assume it will take care of itself. Lenders and creditors do not want to take legal action. They are willing to work with sincere people who are experiencing temporary problems.

So, you should:

1. Write a complete list of your creditors
2. Find documentation of your loans to obtain the following information -
a. Your loan number
b. Payment amount
c. Due date
3. Calculate your current living expenses.
4. Determine if you need to decrease expenses and/or payments of liabilities and for who long.
5. Call your lenders

While this sounds simple in theory, you may experience problems reaching persons in authority who can help you. You need to find the right department and person who are handling your account.

Create a spread sheet. Track all calls you make and the conversations you have with lenders. You should know the name of the person you are talking to and what their position is in the company. You need to follow up yourself.

Ask your mortgage lender for help and information. Perhaps they will allow you to refinance your mortgage, take out an equity loan, or pursue forbearance. Once you make it clear that you are willing to work with them, you will stand a better chance of avoiding foreclosure.

What is Forbearance?

Real Estate Foreclosures – What is Forbearance?
By Nancy Woodward

Forbearance is a process taken by a lender which allows the borrower to temporarily stop or decrease the amount of their payments for a period of time. The lender may allow the borrower forbearance of principal, interest or actually both.

Forbearances have a limited time span. Twelve months is the maximum amount of time allowed. This process allows the borrower time to get on his feet again.

Lenders are not required to offer forbearance to borrowers. They may choose to do so for a good client experiencing temporary problems. It generally is considered for those who are willing to make their payments and are suffering a temporary problem that would be helped out with this process.

If your problems have had an adverse effect on your credit, pursuing forbearance will not change anything related to this. I would suggest you contact your lender and creditors before your problem gets out of hand. Many lenders and creditors will work with you once they know how sincere you are.