Archive for June, 2011

Moving to Seattle, WA

Thursday, June 30th, 2011

After WWII the local economy dipped , which had seen the distribution of the numerous Japanese-American businessmen. The local economy rose again with manufacturing company Boeing’s growing dominance in the airliner market   Seattle celebrated its restored prosperity and made a bid for world reference with the Century 21 Exposition, the 1962 World’s Fair. The local economy went into another major downturn in the late 1960s and early 1970s. Many left the area to look for work elsewhere, and two local real estate agents put up a billboard reading “Will the last person leaving Seattle – Turn out the lights.

Until 2001 Seattle remailed the corporate headquarters of Boeing , when the company detached its headquarters from its major yield facilities. Boeing finally chose to move its corporate headquarters to Chicago. The Seattle area is still home to Boeing’s Renton narrow-body plant (where the 707, 720, 727, and 757 were assembled, and the 737 is assembled today) and Everett wide-body plant (assembly plant for the 747, 767, 777, and 787); the company’s credit union for employees, BECU, remains based in the Seattle area, though it is now open to all residents of Washington.

As prosperity began to return in the 1980s , the city was stunned by the Wah Mee massacre in 1983, when thirteen people were killed in an illegal gambling club in the International District, Seattle’s Chinatown. Beginning with Microsoft’s 1979 move from Albuquerque, New Mexico to nearby Bellevue, Washington, Seattle and its suburbs became home to a number of technology companies including RealNetworks, Amazon.com , McCaw Cellular (now part of AT&T Mobility), VoiceStream (now T-Mobile USA) , and biomedical corporations such as HeartStream (later purchased by Philips), Heart Technologies (later purchased by Boston Scientific), Physio-Control (later purchased by Medtronic), ZymoGenetics, ICOS (later purchased by Eli Lilly and Company) and Immunex (later purchased by Amgen). This success brought an influx of new citizens with a population growth within city limits of almost 50,000 between 1990 and 2000, and saw Seattle’s real estate become some of the most expensive in the country. Many of the Seattle area’s tech companies remain relatively strong, but the frenzied dot-com boom years ended in early 2001.

Seattle in this period attracted widespread attention as home to these many companies, but also by hosting the 1990 Goodwill Games and the APEC leaders conference in 1993, as well as through the worldwide popularity of grunge, a sound that had developed in Seattle’s independent music scene. Another bid for worldwide attention—hosting the World Trade Organization Ministerial Conference of 1999—garnered visibility, but not in the manner its sponsors desired, as related protest activity and police reactions to those protests overshadowed the conference itself. The city was further shaken by the Mardi Gras Riots in 2001, and was literally shaken the next day by the Nisqually Earthquake.

The UK consulting firm Mercer, in a 2009 assessment “conducted to help governments and major companies place employees on international assignments”, ranked Seattle 50th worldwide in quality of living; the survey factored in political stability, personal freedom, crime, sanitzion the natural enviroment, housing , banking facilities, recreation , availableness ofeducation, consumer goods , and public services including transportation.

Free Relocation Packages for Seattle, WA

What Makes a Better Place to Live?

Thursday, June 30th, 2011

In the event that you’re intending to move, you might would like that the new home is much better compared to the old one correct? There is something concerning leaving the old home that it takes some time for you to adapt to the new one. It’s in this situation that it’s essential that you find a better and better place to reside in order to make adjustment a little less difficult.

Here are some ideas regarding how to find a much better place to reside:

Pick a real estate in a place identified as the “Best Place to Live in the U.S.A”.

Browse the web for the very best places to reside in the U.S.A. There may be many places as every year there are various places selected during the U.S. Conference of Mayors. You may choose the one that has been selected during the last 7 to 10 years.

Discover a location where possibilities for work are on the rise.

A place with flourishing chamber of commerce provides higher options for work. Perform a little research if your chosen place has a record of an increasing business and tourist industry. This could be high tech industries, leading banks, insurance organizations and small businesses. This is what makes a worthwhile place to get away to or move.

Choose a location where the weather is nice and sunny all through the year.

A location with a warm and sunny climate is being clustered by tourists all through the year. This means thriving business and work opportunities. An increasing hotel industry provides in provision of many hotel jobs constantly.

Choose the one with a number of quality education and health care services.

A location having the very best and the best school system within close distance is certainly a much better place to reside with regards to educational service like scottsdale az homes. A community with a hospital set up with modern treatment facilities will make you feel more protected in health and medical related aspect.

Choose a secure city with proficient police officers and law enforcers.

Once again you may do some little research on the web concerning your selected city. Examine the crime rates, the cases resolved and the programs the police department sets up to make living in the area safe, comfy and hassle-free. Though we do not wish the use of it, a competent fire service should also be taken into consideration.

Having thought of the tips included, you may need to begin your research with scottsdale az homes for sale to find better places to reside or move.

Loans with Private Rehab Hard Money Lenders

Thursday, June 30th, 2011

 Creating an investment property deal for a   rehab hard money lender, first choose lenders who are facilitating loans in that mart area in which you plan to invest.  Next, identify the types of properties that meet their guidelines and are inside an accepted LTV.  Once you have that information, focus only on the areas of the geographical area that lie in  the more desirable locations  . 

 Locations which have less vacant homes  , lower crime rate, and are areas that have a lower “days on the market” prior to sale date.  In other words, how many days it takes on average to sell a property in those market areas.    That information is available from a local realtor or real estate agent and is founded on the multiple listing service or realtors board listing of all properties in the area.   For example, in one area, a property may, on average, take 180 days to sell, when in another it may take only 120 days on average to sell.  This is very authoritative  to demonstrate the viability of your loan to a private lender  .  

 Real estate owned by banks and government agencies are where you will focus   to find particular properties.  The Ultimate REO Report is popular with investors as a way  to find these properties.   To begin evaluating these investment homes  , it is much better to begin with a short list of at least 10 to 20 properties that you can review.  Most of the sources in the Ultimate REO Report will show you which are available, and which are “under contract” or which are newly enrolled as bank owned or government owned listings .  

By beginning with 10 or 20 properties, there is less likelihood that you will get emotionally attached to any specific property and you be better able to rate each property to determine which deals may be more profitable.  After you have boiled that list down to 3 to 5 subject properties then it is time to contact the lender again and request a proof of funds letter that you can attach to your offer.   The lenders who will provide a proof of funds letter will in all probability be able to verify the letter if necessary and then be ready to recieve your completed loan package.  Again, it is important to make sure that the property is a match for the lenders loan program and when you request a proof of funds letter the lender may ask you to summarize your loan submission.  

The Hard Money Lenders Blueprint  is the resource used by investors to ensure that the Loan Package is properly prepared and complete with all required corroboration. It is much easier to complete subsequent Loan Packages after creating one Loan Package by following the proper guidelines and the steps for submission.  Because lenders estimate that 50% to 70% of hard money loan packages are incomplete or improperly prepared, it is important to  avoid having your loan application delayed or denied due to improper presentation or incompleteness.    

Once you have completed your Loan Package , contact your lender and you can e-mail it or fax it.  In addition, it is always best to immediately follow up with the lender to make sure that the Loan Package has been received.  Some lenders require that you have the propety under contract prior to submitting for a preliminary approval.  Other lenders will give you a preliminary approval  and do not necessarily require you to have the property under contract. 

 In today’s market conditions, Agents selling bank owned property   frequently attempt to pit one investor against the other to bump the offers on the property up, but the fact remains that given the inventory of available bank owned and government owned properties, it is really the investor who is in the drivers seat when fashioning that “best and final offer”.  Banks want these properties off of their balance sheets.   The same holds true for earnest money deposits. Always pen some type of contingency into the contract to protect your earnest money deposit in the event that for some reason the deal is not closed and funded by the contract deadline. 

The best contingency is not  “subject to funding” because that contingency causes the REO Agent to imagine you don’t have money to close even though you have a proof of funds letter attached..   A better contingency is “subject to approval by buyer’s consultant”.  Then put a sensible time period on it, such as three weeks.    Should the REO Agent question you about who that decisionmaker is  , you can say, you have anadvisor who reviews the property and that he needs a reasonable time to do that.  During that time period you can also have an inspection done and pull out of the deal if necessary . 

 It is normal that   participating private hard money lenders can complete funding within 24 to 48 hours if they are truly interested in the funding the deal.  Occasionally, it may take a few days but usually delays will be caused by an improperly prepared Loan Package.   Once the property goes to the title company for closing make sure you are available to provide additional information or documentation to insure that the deal is closed and funded.  The Private Money Lenders Source has the top 300 private hard money lenders who loan on residential and commercial investment property, nationally locally and regionally.  The Ultimate REO Report is a resource used to source deeply discounted bank owned and government owned property. The Hard Money Loan Blueprint is the resource used by investors to prepare Loan Packages.

Just Launched – Holiday Inn Canary Wharf

Thursday, June 30th, 2011

The hotel market in London is still one of the strongest in Europe outperforming Rome, Berlin, Madrid, Amsterdam & Berlin.

The global hotel brand, Holiday Inn has identified the significant demand for good accommodation in the Capital and is therefore partnered on a new high yielding hotel room investment opportunity.

Holiday Inn Canary Wharf

Operating with the Holiday Inn brand, the hotel will be the flagship Holiday Inn in Canary Wharf for the globally renowned Intercontinental Hotel Group.

Currently you can invest in a room pre-launch at 30% under RICS valuation therefore providing security against any short term price fluctuation and benefitting from the anticipated capital growth forecasts. RICS is the body in the UK responsible for professional conduct and qualification of Chartered Surveyors

Prime location in one of Europe’s premier financial districts

The prime location on West India Dock Road and directly opposite Westferry Road DLR station further enhances the credibility of this development and when completed the hotel will form an iconic landmark in this prime financial district of London.

The 4* Holiday Inn Canary Wharf will be operational in Q4 2011 and as an official Olympic partner, Holiday Inn Canary Wharf will be a feeder hotel for the much anticipated games.

As the room rates increased the value of the property will also increase. This will be an important factor that drives the financial growth of the investment over and above the normal growth rate in the area. As the property receives a higher income it becomes more and more valuable and saleable year on year.

Owning a hotel room in the Holiday Inn Canary Wharf is a hassle free investment allowing you to benefit from attractive financial and capital growth and returns achieved from the thriving London Hotel Market.

For more information please visit HolidayInnCanaryWharf.co.uk to access the investor report.

Avoiding Business Opportunity Scams

Thursday, June 30th, 2011

Too good for real? Beware, it might be a scam

If you really want to invest in a good venture, there are thousands of business opportunities for you to choose from. The recession greatly affects the country’s economy. With this, thousands of people lose their regular corporate jobs. The good thing is, many of them chose to start or buy their own businesses. Buying a business is easy when you know where to look. Check out GlobalBX.com – they have over 36,618 businesses and franchises for sale. Best of all it’s a FREE site! 

Along with this increase is the sudden prevalence of business opportunity scams in various industries. Now, how can you tell a legitimate business opportunity from a scam? During these rough economic situations, many people choose to do fraudulent activities just so they can make a quick buck. One of their notorious practices is to come up with a business opportunity scam. With this, what are the necessary precautions that one needs to remember to avoid a business opportunity scam that might eventually appear on your pop up browser window and emails?

How to Spot Notorious Business Opportunity Scams

If you are determined to know if a certain business opportunity is a scam, you need to put yourself first in the situation of the scammer. Try to think about certain promises that you would likely offer if you are to scam a person. To successfully target entrepreneurs, scammers would work hard to make their fake opportunities appear plausible. Scammers also notoriously target the greed and weaknesses of their prospect victim. A scammer may also use the apprehension of missing out a once-in-a-lifetime opportunity. They would demand money to be paid up front. Finally, these professional scammers figure out ways on how to be untraceable once their scam has been uncovered.

Avoiding Business Opportunities Scam

Not all scams are executed by strangers who popped out in your browser while you are in a chat room. Alarming as this may sound, but there are hundreds of hoax business opportunities on the Internet that appear legitimate.  These scams are either franchises for sale or existing businesses for sale. Read on below for a guide on how to avoid business opportunity scams:

  • Check all the paperwork.

See to it that you hire a good business lawyer who will review all the necessary paperwork including disclosure statements, business ledgers, sales documents, and all contracts. Hiring a certified public accountant is also important. Your accountant will be the one to go over all financial documents and bank statements.

  • Request for a detailed documentation.

The U.S. Federal Trade Commission is requiring all business opportunities to give out detailed disclosure document to all prospect buyers 10 days before any sale contracts or agreements are drafted and signed.

  • Be vigilant about misleading numbers.

Be wary of companies that do not want to say anything about how they came up with their existing cash flow and earnings figures.  Better avoid business opportunities that promise a minimum profit for a particular time frame.

  • Do thorough interviews.

It is a must to talk and transact directly to the owner of your prospect business. Do not depend too much on the sales agent for communication with the owner. You should visit some of the operational locations of existing franchisees. Ask for their feedback and opinions about the company.

  • Be cautious of surreal earnings information.

It is best to keep this rule in mind, especially if you are determined to buy a franchise opportunity. Note that there is a law that requires all businesses to share information on the number of franchise owners that failed over a given time period and the actual earnings of these franchise owners. See to it that you review all information and get the evidences you need.

Other precautionary tips to keep in mind

It takes many hours of researching and a good alertness to stay safe from notorious business opportunity scams. It is a big no to rush your decision to buy a business. Remember that this transaction involves lengthy writings of the demands and claims of both parties regarding the sale of business. Today, the most common tactic of many business scammers is this scheming phrase: “This deal is only good for today, and then it’s gone”. You should be alert with bad sounding business deals such as chain letters, networking marketing, work at home, vending machine routes, and credit repair services. While not all opportunities under these categories are scams, there is a big chance that you will likely stumble into one, especially if you are not too careful in scrutinizing their legitimacy.

Make sure you do your research before you start or buy a business. GlobalBX.com provides a FREE business for sale exchange connecting business buyers, sellers and lenders.  Get free information on any small business opportunity or franchise opportunity –  they have over 36,618 businesses for sale!  Sell your business for sale for free with no listing fees and zero commissions.  Contact over 300 lenders instantly” and get financing for businesses and commercial real estate.

How Hot Ought to You Keep Your Swimming Pool?

Wednesday, June 29th, 2011

All of us understand that once you initial get into water it either feels sizzling or cool, seldom does it feel just right. And about the uncommon event you do find the water just appropriate when you get, it quickly begins to feel too chilly.

So we are faced using the question how sizzling should my heated up swimming pool or health spa be, to perfectly keep me warm if the local weather can be a frosty 1 or to maintain me fairly restored in the event the weather is warm or perhaps very hot.

The American Red Cross recommend that 78 degrees fahrenheit is ideal for competitive swimming races but this could possibly be as well cool for the elderly who like to swim or for young youngsters. In these circumstances a temperature of around eighty degrees fahrenheit is far more suited.

It’s genuinely fascinating to see that with just one degree of high temperature rise there could be a 10% – 30% rise in fuel expenses. Effortlessly this depends on your place and the surrounding air temperatures. Cooler outside surroundings draws a lot more heat away in the physique of drinking water which is your swimming pool and hotter or more moist climates drain a entire good deal much less.

It is possible to help save funds on heating costs by performing numerous sensible things that actually do add up on annual energy expenses. Issues such as employing a pool or hot tube cover to keep the warmth in can significantly lessen your bills by as much as 80%.

Lowering your temperatures in the course of the more comfortable months or turning down heating system entirely once the h2o will not be used for any length of time.

1 thing also to think about within the overall cost equation is just how effective is your heater. You may have an outdated electrical or solar heater which is just not as much as the task. If so you need to consider a contemporary power effective gasoline swimming pool or health spa heater in the market leaders Hayward.

The hayward pool heaters are amongst the most popular inside the marketplace today and if you are considering an update and wish to save a large number of bucks each year on heating costs, then maybe it can be time to check out the very good individuals in the hayward-pool-heaters.com internet site where you’ll be able to find out a lot more about the price financial savings an effective fuel pool heater can be on your family members spending budget.

 

No Deposit Will Get You Started With Rent To Own

Wednesday, June 29th, 2011

Just in case you haven’t heard rent to own systems, this actually allows people to acquire a home even without having huge amount of deposit. This is serious and plenty of folks have already benefitted from this system. The reality is, with the average to minimum monthly income that you’ve got, you can still manage to pay your rents, whilst saving some bucks for purchasing your own house. So, if you have been struggling to get that large deposit together that the banks require, but something always goes wrong (like the car breaking down, the washing machine breaking, etc), eating into all of your savings – there’s one other way!

Rent To Own is just what it sounds like – you’re renting but likewise you have control over the home with additional paperwork to the tenancy agreement, enabling you to buy the property at the time you have ample equity (or deposit) secured to transfer over into bank finance.

When utilizing Rent to Own, you will not need a large deposit saved, since you do not need bank finance immediately. Rather, you deal directly with the owner/seller of the property, using their bank loan until you can qualify over into bank finance. Part of your weekly “rent” payments contribute to the saving of a deposit over the period of the term, which usually goes from anywhere in between two to seven years.

There are varied terms and conditions in rent to own agreements. Some property owners may ask the purchaser to put forward a bond, just for an assurance from you should there be any issues to happen later on. Also, aside from the bond, a certain amount of deposit for the rental may also be requested by the property owner. Both of those will actually be subtracted from the total cost of the property.

The terms in rent to own transaction actually permits you to improve the property, which in return can usually provide you capital growth. By the end of the term, these improvements may be used as your deposit once you will be qualified over into bank finance.

With the information supplied earlier, it is now clear that the lack of deposit shouldn’t hinder an individual from purchasing his or her own home. With the aid of rent to own agreements, flexible terms are given to buyers enabling them to rent a house while saving up for its deposit for forthcoming purchase/ownership. If you’re a first home owner, there is also a grant called ‘First Home Owners Grant’ given by the government which can be used as part of your deposit when financing into bank finance.

Using rent to own systems signifies that you don’t have to wait for a long time to save up a deposit. Rent to own now helps lots of people to get away from the monthly apartment rental cycle, have a chance to purchase a home through rent to own agreements, while building equity for a bank finance after some period of time. With the help of such system, home ownership has turned into a reachable goal to many.

Thinking of a New Home – Year End May be the Best Time

Wednesday, June 29th, 2011

Tax savings. Closing on your new dwelling by Dec. 31, 2010, suggests you can deduct mortgage loan interest, house taxes and factors on your loan on your 2010 revenue tax return. You can also deduct the interest charges linked with a residence mortgage. These deductions are significant, in particular in the earlier years of your loan when you are having to pay off so much interest.

Sellers may possibly be more motivated. Numerous sellers will also be motivated to promote by the end of the yr so that they, too, can benefit from tax financial savings on the following home they purchase. That implies you may have more leverage through negotiations and they may be prepared to acknowledge decrease than their listing price. Having said that, if you’re in a hardy seller’s market, you’ll want to be conservative — and always heed the suggestions of your real estate professional.

If you’re purchasing a new property, there’s a excellent robability builders will be offering incentives. Quite a few builders will throw in nice little extras to sell as a lot of homes as they can by the end of the calendar year.  Here is a great link to search for New Homes in Arizona or any state in the country.

Usually speaking, your real estate selections during the fall are nevertheless healthy. By December there are usually less houses on the market. October and November are great weeks to go house hunting.

It\’s less complicated to move. Several shifting corporations are booked six or so months in advance for the duration of the hectic summer weeks. In the fall and wintertime it\’s typically less difficult to secure the providers of a mover or leasing tools on shorter notice.

A new dwelling for the holidays. The holiday year or so is a good time to rejoice in your new residence with loved ones and friends.
In addition, you\’ll take pleasure in the numerous added benefits that appear with homeownership, irrespective of what time of year you buy, which includes:

Paying towards anything of you own. If you’re renting, your rent cost goes towards a thing that will only last you a month — a place to dwell for 30 or so days. When you buy a property, your monthly mortgage loan payment goes towards a thing you own.

Constant installments. Landlords have the discretion to raise your lease, plus it\’s exposed to inflation. Once you secure a mortgage loan, you can rely on regular installment payments (if you have a fixed-rate mortgage loan).

A place to call your own. When you own your residence, you can replace your kitchen, smarten up your dwelling\’s exterior in any shade you choose, change your fixtures, and replace your carpeting — all with the knowledge that the changes you make are your own.

Gaining equity. In the start, most of your fees goes toward interest. But progressively a lot more will go towards paying off your principal, meaning you build up equity — or savings — in your home. Another element in equity is appreciation. As dwelling values go up in your area, so too does your rate of equity.

Here is a link to the best search I have found for National New Home Searches.

Hard Money Lenders and REO Investing

Wednesday, June 29th, 2011

Today we want to talk about how to approach  REO properties when using private hard money lenders.  Properties owned by banks are called REO and are also owned by  , government agencies, or other mortgage or financial institution. Each REO usually has an assigned REO Agent which is assigned to handle all offers made by interested parties.
The REO Agent is really just a regular real estate agency or real estate agent who works with that particular bank, government agency, or other mortgage or financial institution.  

Sometimes however, the REO Agent, tries to be, should we say, more than that.   Just a friendly reminder about business etiquette  . An REO Agent should present ALL offers to the bank, government agency, or other mortgage or financial institution who the REO Agent represents.  The bank,goverment agency, or other mortgage or financial institution cannot give the REO Agent  the legal authority to decide on offers  .  

 Agents do not have such broad powers with their clients and it would be not within their licensed authority   if they try to reject, counter offer, or accept offers.  The REO Agent can work directly with their client bank as much as they want to and make as many recommendations as they want, but in the end, only
the designated official in the REO Department of the particular bank, goverment agency, or other mortgage or financial institution can actually make such a decision would be more like a power of attorney .

Recently, real estate investors have been encountering many overzealous  REO Agents who think they have been granted the power to make their client’s decisions for them by employing a variety of strategies:

Not accepting from you  an offer at your offer price.

Discouraging you  to submit an offer with your contingencies.

 Citing reasons for you not to write an offer   because your lender has asked for an inspection of the property.

Discouraging you to submit an offer because there are too many offers.

 Making it seem unlikely   you to submit an offer because the other offers are higher or better or too many.

 These acts are not with the domain   for licensed real estate agents and can lead to losing a license. Sometimes an REO Agent is trying to be helpful and their advice or recommendations are since.  It is up to you to filter the information you get and make decisions accordingly. While we try to develop relationships with REO Agents  and deal with them in a very pleasant manner, as real estate investors, we cannot allow them to walk all over us, so to speak. So don’t fall into that trap and here is how to handle it.

 Here’s how to handle it: 

YOU: Is the property under contract?

REO Agent: No it is still available.

You: No?  Well I have an offer I am forwarding to you to submit to your client for a decision, where do I send that?

REO Agent: Tell me about the offer ?

You: I prefer to put it in writing .  What is your fax number, or should I send it direct to your  client’s REO Department?

Once in the REO Agent’s hands , they have a fiduciary duty to send it on to the client. If they don’t submit it to the client they are
violating the state laws because they cannot just make a decision to reject your offer without the REO department approval .

Try not to be intimidated by the REO agent.  ï»¿  Most are very helpful and genuinely interested in seeing deals get done.  Some are not so helpful. Your private hard money lender needs to have time to inspect the property and do their end of the transaction correctly.  Don’t just plug the lender in at the last minute. ï»¿  Get the rehab hard money lender involved early on while the deal is going through.  And whatever you do, don’t just leave the lender hanging out there in the cold because you will need the lender again or permit the agent to make it difficult for the lender to do their job.  
Instead, remind the REO Agent that this is going to be a win-win for everyone, including the lender. Here’s what an REO listing agent said recently about bank clients and the asset management companies the banks hire to dispose of the REO’s on a Trulia.com forum:

They would rather go with an offer they have on the table especially in a declining market and asset mgrs. work on bonuses they get a bonus based on closed transactions in a month and make no money if the transaction doesn’t close). Despite what agents are saying here, there are no games, the banks and asset mgrs and listing agents want these assets OFF the books.

Sometimes REO Agents attempt to sell    ï»¿ to their own clients so they can collect commission on the selling side also, so one option is to get on board and ask the REO Agent if they can represent you as the buyer’s agent. This tactic is often overlooked and can solve the problem because there’s more incentive to push your offer.  The REO Agent representing the seller is prohibited from soliciting you for representation as the your buyer agent.  But if you ask that’s another matter.  If the specific REO Agent can’t do it, or  wants to make it more arms length they sometimes just have another Agent from the same brokerage handle you.  Same result, more commission for the realty agency.

Remember, the commission doesn’t come out of your pocket. It comes out of the bank’s proceeds on an REO. So, there are many ways to get a little more aggressive with your REO offers. Any REO Agent that is dodging offers is really a waste of your time to work with with.  You can get someone else from the same firm or contact the actual bank or mortgage company that owns the real
estate and ask who to send your offer to.

Also, don’t fall for the game of- -Just give me your highest and best offer.  It doesn’t have to be in writing, just tell me verbally.

Your response to this is: I submit all of my offers only in writing.  If your client wants to make a written counter offer, that is fine, but my offer will only be in writing, as it should be.

Often times, going down to the very lowest priced  properties in a region will subject you to the most abuse and be the biggest waste of your time. If you are working with a solid private hard money lender they couldn’t care less if you move up to higher priced properties as long as the LTV is right, according to their lender guidelines.

It is true, in fact, that the higher priced properties have fewer offers.  ï»¿ Going from a $15,000 property to a $45,000 property for example may increase your net profits when the property is sold by 2, or 3 times and the higher priced property may be easier to market, position and sell faster.  So, the absolute lowest price properties may not be your niche.

The Ultimate REO Source gives you the top 60 direct sources of bank owned, government owned, REO and foreclosed property.  You can search and locate property in these databases in just mere seconds, by area, property type, price range, etc. and get
full information on who to contact, to make an offer. Combined with the Private Money Lenders Source, investors have the best opportunity to obtain hard money lenders support for their deals.  Most investors are now using these type of resources to expedite the funding and closing of deals.

What You Need To Do If You Have Bad Credit Home Loan

Wednesday, June 29th, 2011

If you have even a passing interest in the topic of bad credit home loan, then you should take a look at the following information. This enlightening article presents some of the latest news on the subject of bad credit home loan.

Solutions for an existing debt often come in the form of bad credit home loan alternatives usually for consolidation purposes. Bad credit history is what causes difficulty in the first place, and this situation marks lots of borrowers who get in trouble because of a lower income or due to unemployment. When you fail to pay the monthly rates, you lose credit points, and difficulties will appear when you need another loan from creditors. With the house turning into a collateral, bad credit home loan becomes possible. In what circumstances will you choose a bad credit home loan?

A bad credit home loan can help some people with a home improvement program. Credit card debts and car payment also justify for such a loan. The downside of a bad credit home loan is that interest rates remain pretty high, despite the so-called flexibility. The amount offered for such a loan varies from $5,000 to $50,000, with a repayment period from five to twenty years depending on the case. The repayment capacity of the borrower and the value of the collateral determine the amount that you can borrow.

Once you begin to move beyond basic background information, you begin to realize that there’s more to bad credit home loan than you may have first thought.

The costs of a bad credit home loan may increase by all sorts of solicitor fees, conveyance and property valuation fees. The best thing you can do to reduce such expenses is to shop around and look at several financial offers in terms of bad credit home loan. Comparison makes the best way to choose an advantageous deal for bad credit home loan financing. Moreover, you need to be fully aware of your situation when you decide to borrow money. Do not try to borrow money unless you have a good income and a pretty safe job. Plus, you ought to inquire about the several kinds of bad credit home loan.

Home equity loans and bad credit mortgage loans represent the most basic types of home loans designed for people with a a little promising credit report. They are usually chosen by people with a credit score under 620 and they can have interest rates of around 10% per year. However, the interest rate could be higher if you have a very low credit score. In time, you can improve the credit score again if you pay the rates when they are due.

As your knowledge about bad credit home loan continues to grow, you will begin to see bad credit home loan fits into the overall scheme of things. Knowing how something relates to the bad credit home loan is important too.

If you’re buying a property anywhere in Malaysia, visit Metroworld Realty for good properties that would surprise you such as Bukit Suria, One South and Shaftsbury Square.