SIMs 2.0 Greg Clement Review and Full OpenRoad3 Demo – Bonus Package and Discount

Alrighty, a bunch of our readers asked about the SIMs system and wanted a clearer explanation of what the software really does. So… we decided to do a full and detailed video walkthrough of the OpenRoad3 software that comes with SIMs.

With the SIMs system, its 2 parts.

1. The training on how to use the internet to put your lead generation into overdrive (great training, best I’ve seen on generating leads online for a REI biz)
2. The OpenRoad3 software that I walk you through below that automates pretty much all of the actions you need to take to generate leads online and serves as your online
database, CRM, and lead generating software.

Anyhow, check out the video walkthrough below… it’ll show you what I like, what I hate, what elements are cool, what SIMs lacks, and how to fill those gaps that SIMs has.

Enjoy

SIMs 2.0 & Open Road3 Full Walkthrough Review

The SIMs Open Road3 software review is extremely detailed… I walk you through EVERY aspect of the software (but I did forget to show how the software will analyze your deals for you, blast your properties to social media sites, fax your offers for you, and other features I forgot to go over… ) in the video demo below and it’s a solid 50 minutes long.  But, if you’d rather hop on a webinar Wednesday evening to have the SIMs guys give you a full demo of the software live… here’s a link to go sign up for that live demo webinar thats Wednesday at 6pm PST (9pm EST).  No hype… just a full demo of what SIMs does.

>> Here’s our link to invest in SIMs if you feel its right for you <<

Our SIMs 2.0 Bonuses If You Feel Its Right For You

>> You Must Use This Link To Get The Above Bonuses For Investing In the SIMs Partnership Program – First 10 Only <<

How To Get Your SIMs 2.0 and Open Road3 Software Bonus

Okay, like I said in the video review… SIMs is a great piece of software and training and a great tool for those who don’t have the time or expertise to set up your own online marketing campaigns.  I myself don’t need SIMs, I already have the knowledge and team setting this stuff up for me… but I realize not everyone has that luxury.  If you’ve decided SIMs is right for you to help you automate and grow your business so you can focus more time on having fun, making money, and spending time with your family… and you want that missing link that SIMs doesn’t provide (the private money… they give you a squeeze page but not much on the marketing)…

… now all you have to do is choose which package is right for you.

If you want the true turn key solution… where we actually find the private lenders for you… go w/ the SIMs Partnership Program (which they are saying will likely fill up Wednesday because they have actual manual labor on their end to implement everything for you).  It’s not cheap… but, that one bonus where we’ll find YOU private lenders IN YOUR AREA FOR YOU and give you our 7 part “Private lender magnate” autoresponder email sequence to plug into your SIMs sytem is worth 10x the investment in SIMs alone… not to mention the other bonuses and the actual SIMs software itself.

So, here’s what you need to do:

1. SIMs opened up Tuesday 7/13 at 12:00 PST EST (9:07 am PST)
2. Use our affiliate tracking link below so they can track you as our customer (if you don’t use the links on this page you WON’T get our bonus.
3. Select a SIMs package and buy it
4. Send your receipt to support [at] privatemoneyblueprint [dot] com and we’ll put you immediately into the bonus group for whatever SIMs package you choose
5. We’ll get a hold of you with the details on the bonus (remember, only the first 10 get the “done for you” Partner bonus. As long as this message is still up… there are still spots left. When all 10 spots are filled we’ll immediately put up a “sold out” note on this page).

>> Go Here Today To Get SIMs 2.0 <<

*We’re of course able to offer this great service and these great bonuses to you because we got a special tracking link from SIMs… and they do give us a commission when you use our links to buy. However, to provide a ton of value to our subscribers and members… we use a big hunk of the commission money to help you out… and in this case, with the Partner package we’re spending almost $800 out of our pockets to help you cut the learning curve in your REI biz and in “private money getting”.

Real Estate “Shadow Inventory” Lurking in our Midst……

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found that explains the different fluctuations in today’s market and why it’s going to struggle again before getting better…

Four great topics are discussed in this article:
1) Post tax credit prognosis
2) 4 strong negatives dragging on the market
3) What the heck is Detroit doing!?!?!
4) “Shadow Inventory”  Dun, dun, dun!!!

Two friends of mine (newlyweds) closed on their first house on Monday.  They were super stressed out to make sure that they had the house under contract and closed by the specified cut-off dates of the tax credit policy.  They are perfect examples of folks who got up off their behinds and bought now rather than later because of the tax credit expiring.  They had plans to buy a house sometime in the next year or so but jumped now for the $.

Real Estate Market Hangover Effect

The author of this week’s article hits the nail on the head when saying that the tax credit’s effect has “borrowed buyers” from later months and now it’s time for the hangover effect.  Meaning, the supply of buyers was potentially pre-maturely depleted a good bit from our government’s incentive plans leaving the next few months or so to suffer from the reduction of supply of buyers.

The author gives 4 great reasons why the market (although had a great recent short term – thank you tax credit boost!!) is going to start to struggle again.  During the early 2000’s refi-boom, equity in houses was leveraged to the hilt with high LTV and CLTV loans.  When I was originating mortgages, it seemed like everyone and their mother either bought their houses with 0% down payment or opened a second mortgage to super high CLTVs.(i.e. only leaving a small amount of equity in their homes).

In the past few years as home prices fell, many Americans had to stand by and watch as the values of their houses fell below the amounts they owed for the house.  These underwater swimmers are what the author is referring to in the article.  It makes total sense what the author is concerned about and the remedy (well one anyway) is appreciation.  If there is enough equity in a house, it can just be sold if the owner loses their jobs, moves, has a divorce, etc.  If a house is underwater, the number of choices is limited as to what the owner can do and well, we’ve seen that foreclosure has been the poison of choice for the masses the past few years.

Detroit Michigan Real Estate Being Demolished

Detroit, Michigan, ouch……sorry man.  Even as a loyal Ohio born and bred Buckeye it makes me feel awful for what’s going on up there.  It’s just too bad that all those houses might just be destroyed.  Coming from a background of personally overseeing about 50+ real estate rehab projects (and seeing first hand what can be done to bring a house back to life & how awesome that really is to watch), I wish there could have been a tax base in place from somewhere to commission thousands of out of work contractors in the Mid-West to rehab these houses & bring them back to life.  Maybe these neighborhoods have really got into such bad condition that this is really the best route to take.  After watching the video in the article, I sure wouldn’t want to be talking a stroll though some of those neighborhoods at night……or even in the daylight for that mater!

Last, but certainly not least, “Shadow Inventory.”  What a great name for these houses!  I don’t know if the author made the name up for this article or what, but it’s catchy nonetheless.  Ok, but what the heck is the author talking about?  Basically, there are lots of home owners that want to sell their houses, but have decided that they will just stick it out until the housing market comes back first before putting their property up for sale.  Well, logic would lead one to believe that as this lull in the real estate market continues grow in time, there is probably some relatively similar proportional growth of home owners that are falling into this category.

Let’s just say that IF all the markets were doing great again (employment, stocks, real estate, foreign trade, etc.); all the people that wanted to sell their houses would put them on the market and try to get a good sales price.  The problem is simply a supply and demand issue.  Over the past few years the supply has been so much greater than demand that it became a main driver of the prices of homes depreciating in value.

If a huge number of home owners are waiting for a rebound in the real estate market to sell their homes, as soon as they hear that the markets are rebounding it’s a very real possibility that a ton of houses will slam onto the market thus pressuring depreciation again.  The author of the article makes note that if these “Shadow Inventory” homes keep popping onto the market every time things start to look a little better, the supply increase from shadow inventory will pressure the market negatively again and again.  I hadn’t thought of that segment of the market like that before but my parents fit that description to a T.  They are baby-boomers. I wonder how many others in that cohort are standing in the same shoes as my parents.  If it’s a significant number, as I’m afraid it may be, that’s a BIG hindrance on any substantial short-term recovery of the real estate market!

How Hungry Are You?

So… how hungry are you?

I’m not talking about getting up and grabbing an ice cream bar or munching on dinner…

… I’m talking about your hunger for a better life.

Too many people I talk to always say how “bad” they want out of their rut and how “bad” they *want* to live a better life.

But, when it all comes down to it… *most* people talk a good game but deep down inside… like in the pit of your being… aren’t all that hungry quite yet.

Anyhow, my buddy Brendan (he lives up here in Oregon… not to far from me) shot a really great video about becoming successful and becoming THE expert in YOUR area.  Whether it’s real estate… or whether you’re really passionate about something else… if you really want to be successful you’ve got to check out this video.

Great stuff Brendan!

If you’re really hungy about making it in real estate… here’s a little test for you tonight.

Are you struggling to get money to close on your deals?

Yes?

Are you really hungry to get your deals closed (even apartment buildings) without using your own money or credit?

Well… join us for an encore of our “7 Ways To Make Money As A Multi-Family Syndicator and Advanced “Private Money Getting” for 2010″ web workshop w/ the full PMBP team TONIGHT (wednesday) at 6pm PST:

Register here:

https://www1.gotomeeting.com/register/601554112

It’s Go Time for the US Economy Again!

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here are some stats I found that helps explain the economic recovery…

If you’ve been following my little weekly article updates the past few months, you’ve read about how I think we as an economy have past our worst days a while ago. The leading indicator is certainly in my mind still the unemployment rate but other contributing factors make me feel stronger and stronger that we’ve bottomed out and are on the up swing. Check out the stock markets:

http://www.nasdaq.com/aspx/chartingbasics.aspx?symbol=IXIC&selected=IXIC

New York Stock Exchange – Last 12 months:

http://www.nasdaq.com/aspx/chartingbasics.aspx?symbol=NYA&selected=NYA

Heck the Dow hasn’t been this high since before it started taking a dive before the 2008 presidential election.  Some say that you can look at the markets and they will tell you where the economy is headed six months or so in the future.  If that’s a good rule of thumb to go by, then we’re in for a good ride for the rest of the year!

Let’s take a peek into the mortgage market.  Interest rates for lending are incredibly low.  The average 30 year fixed conforming mortgage rate is averaging 5.14% this week.  Historically, they say that anything under 8% is good.  These rates are basically the same as back in the huge refinance boom in the early 2000’s.  These great rates may translate into lower interest payment requirements by your private money lenders too.  You could say, “Well, if the banks are only getting 5% for their borrowed funds and I can offer you 8%, that’s pretty good, isn’t it?”

Heck, there are little stories of hope and prosperity popping up all over the place now.  Here’s one that I though was pretty cool.  Florida, arguably one of the hardest hit states from the real estate bust is starting to show signs of rejuvenated real estate life.  Check out this video.

Comments spoken in the video by the builder’s executive includes:  
“Push of 1st time buyers & move up buyers,” “Picking up,” “People are coming down from other parts of the country again,” (meaning – they are seeing home buyers relocating to Florida again which they said hasn’t been the case since a few years ago), “Increased growth.”

Increased construction does translate to increased jobs and thus lower unemployment.  It also shows that there is new life getting breathed back into the real estate market right now!

Here’s our updated unemployment rate chart with March included.

As you can see, our actual rate is holding below the 270 moving average again this month and the Unemployment rate had another steady month holding at 9.7%.  It’s true it didn’t come down this past month vs. Feb. & Jan., but it didn’t increase either.  This marks 5 straight months without the unemployment rate increasing.  We haven’t had that happen since late 2006!  Any month now, let’s expect to see it start ticking downward.  We’re all hungry to read about real economic growth and just wait till the media gets smart to that fact.  They’ll start reporting all the good that’s sprouting in the economy and the avalanche will start!  Who wants to bet me on it?

First Foreclosure and Now a HUGE Tax Burden! What’s Next?

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found that helps explain why forgiven debt is considered income and taxed accordingly…

This article is great because it gives a clear explanation of some of the ways that the IRS does and doesn’t forgive tax liabilities that can come from foreclosures and short sales.  Since we are in the real estate world, I think it’s great to at least be knowledgeable about some of the tax laws that are out there affecting real estate.  After reading this article, when you’re talking to a client, friend, customer, etc. and the topic comes up over whether or not someone is going to get a big tax debt from their foreclosure or short sale, you’ll have something intelligent to tell them.

The article’s author did a great job listing 4 big exceptions to the rule of the IRS allowing a lender’s forgiveness of debt not to be considered taxable income.  He also mentions that even if an individual does unfortunately fall into one of the 4 categories where the tax liability isn’t erased, that he/ she could still get off the hook so to speak.  One route mentioned was bankruptcy.  That’s an “ouchy” one that can hopefully be avoided.

The other one he mentions is insolvency.  Insolvency, as I understand it, basically is just someone who can’t meet their debt obligations.  I know that this is a better fit question for an experienced CPA or tax attorney to determine who is or isn’t legitimately insolvent per the IRS, but wouldn’t just about anyone who had to let their house go to short sale or foreclosure do so because they couldn’t meet their debt obligations?  It sounds like there’s a lot of grey area in there, and if you’re talking to someone who is faced with a possible big tax debt from losing a house it may be nice of you to tell them to dig into it a bit before giving up and accepting the nasty tax debt.

Here’s something else that of course is specific to each individual’s situation and again, definitely something that an experienced CPA or tax attorney should counsel someone on (and I’m not either one), but I would suspect that there is one other BIG way erase a bundle of the tax debt of forgiven debt that has to be considered as income in the eyes of the IRS.  Follow me here…

It seems like most investors have a business that they run and it seems like most are legally structured as LLC’s, right?  Since an LLC is a flow though entity for taxation, wouldn’t an investor be able to show the loss on their books for the difference between where they bought the property and “sold” it?  I’d assume, yes.  If so, that’s pretty great because let’s say someone lost their property to a short sale for example, and the lender ended up loosing say $50,000 from all the chaos.  If you’re situation falls into one of the 4 criteria that the IRS won’t let you off the hook reporting that as income, you’ve just added $50,000 to your adjusted gross income (yuck!).  If the house took a loss of let’s say $40,000 from where you bought it to where you sold it, then that should be a write off, right?  If so, the taxable income would only be $10K!

Maybe I’m making this sound too easy in my head, but it seems pretty obvious to me.  At least I’d pose the question to an experienced CPA or tax attorney.  It could be a pretty darn clean and easy way to eliminate what could be an ugly tax bill as the article discussed.  Anyone know someone who’s been faced with this situation and how it worked out for them on their taxes?

Credit Card Reform March 2010

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found that helps explain the recent credit card reform legislation…

Author Martha C. White does a great job of laying out some of the changes that new, “virtually guaranteed” (cough cough….BS…..cough cough) credit card reform legislation that Congress is working on at the present time.

I really hope that Congress can start passing more than just gas because it sounds like this Credit Card reform bill could be really great for the country! The existence of “universal default” practices, bombarding college campuses with credit card salesman, misleading teaser rates or anything that can make a credit card interest rate spike though the roof for one late payment is all pretty rotten if you ask me. It sounds like President Obama and Congress are trying to work toward righting a bundle of the wrongs in our credit card world with this new reform jazz they’ve got cookin’.

I suppose it isn’t material to Private Money Recruiters how all this credit card business shakes out because our business plans have a different focus when it comes to debt management. For example, if we’re late on a payment to one of our private money investors, more times than not it was just an oversight; so we quickly overnight them the money and we all go about our business like normal sophisticated humans.

The credit card companies seem to have got to a point where they are like sharks and as soon as they smell blood they want to rip their borrowers to shreds! Heck, even if Congress agrees to something for a change and the bill goes though, with private money as an abundantly available alternative, who in their right mind would want to go the credit card route anyway?

Best Affordable Suburbs in America 2010

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found about the suburbs across the country where families can afford to live while still enjoying a good quality of life, good schools, and low crime rates…

What a great article! The study takes into consideration the largest populated city in each state and then evaluates that city’s suburbs for the “most affordable.” Suburbs of smaller cities in a state don’t quality for this study. That’s the only caveat about this article I don’t like. Well, that and the fact I can’t see how all the factors where weighted exactly when making the calculations.

Anyway, it’s still a very cool article. The author looks at each of the 50 states and picks the “best” suburb for affordability by summing up great statistical information like population, median family income, median home price, crime rate and local amenities.

Check this article out and see which suburb they picked in your state.

Best Affordable Suburbs State by State

Just click the image below to check out the article and to see what suburb they deem the “best affordable” suburb.

My Brief Analysis

As an Atlanta resident, I’m paying a little more attention to what the word “affordability” means for families. I don’t have any kids yet, but hopefully within a handful of years I will. We were talking to a woman at our Church about the school that’s associated to the Church. I was a bit blown away that high school costs $15,000 per year to send a child to the local Catholic school! I may be living in an area that’s great for someone that doesn’t have a family yet, but may need to relocate to a less ritzy suburb of the city when I do.

I guess that’s just one reason of probably hundreds that people would prefer to live in the more affordable suburbs. The “best” suburbs in the article are basically the top combination of quality of life and affordability. That combo has got to carry some pretty solid demand from the general public.

If you have the ability to invest in the suburb that ranked #1 in your state; you may want to consider focusing either your investing and/ or private money recruiting in that exact area! The dividends of this research my pay off big time!

And, as a real estate investor… it’s always a good idea to know your local market inside and out so you can act fast on real estate deals… and so you know the true value of every single property you put an offer on… which too many investors don’t do.

Enjoy

Great Video To Help You Push Your Limits – A Must Watch This Week

We’re constantly pushing ourselves to do better… to stretch our “comfort zone” muscles… and to continually push our limits to living better lives.

Well… I came across this video this week that is one of the best videos I’ve watched this year… serious.

Do you remember the last time you said, “thats all I can do… I can’t do anymore!”… or “thats as far as I can go”… after you watch this video you’ll learn how to unlock hidden potential inside of you that you maybe didn’t even know was there.

This is truly what separates the “average” folks… from those who do great things with their lives.

Enjoy    Let us know what you think about the video… leave a comment below after you watch the video. Thanks!

 http://s3.amazonaws.com/trvideos/video1d_small.flv

February 2010 Unemployment Rate Holds

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found titled, “Jobs report shows unemployment unchanged,” by David Goldman…

This article is great. It has a chart that shows the number of jobs lost monthly since January 2009 to present. I’m not sure why the author is attributing the better than expected jobs numbers to the big snow storms last month. I would think that something like a blizzard would be a negative on businesses and prompt more lay offs. Whatever though.

The important part to take away from this article is really that unemployment stayed unchanged from last month at 9.7%.

I love it! If you’ve been following my articles you know my theory on how the economy is going to start taking strides forward if the unemployment rate holds and improves a little in the next few months! By the unemployment rate not getting worse, I think it’s still supporting my hypothesis that the unemployment rate has peaked in this recession. Check this out… I gathered this info from the Bureau of Labor Statistics to create a chart I can update each month to better illustrate the historical trends of this recession’s unemployment rate.

I started this chart at the beginning of 2007 because that’s when we as real estate investors started seeing our own recession start to get ramped up. I guess the recession by definition didn’t get going until about the beginning of 2008. As you can see the unemployment rate consistently increased for two years (2008 – 2010).

Now we’re creating a nice peak right at the 10% area. The “9 per. Mov. Avg.” is just a 270 day moving average I tossed in there because it’s pretty cool to see that our unemployment rate just crossed under it. So it’s awesome to see that we broke through that floor.

Anyway, here’s my silly little hypothesis:

Get about 3 to 5 more months of the unemployment rate holding or dropping and the recovery will be 100% full force back on! Why? The media & the Government will start to make a big deal out of it’s kinda good news (only kinda good because the unemployment rate will still be over 9% most likely at that time). We’ll see everyone start to believe that the recessionary times are over, and businesses will start rocking again.

My guess is that the unemployment rate will drop from the then maybe 9.4%ish to about 7.5% by the end of 2011. The basis for the 7.5% rate guess-timation is that in our last recession it took about 24 months to gain about 50% back of the recession’s unemployment rate original run up. History has a tendency to repeat itself.

This recession’s unemployment rate curve’s slope is similar to that of the prior recession when it was increasing rapidly. This recession was just over a longer period of time so the unemployment rate increased at a similar velocity but over a longer period of time (making this a much worse recession for unemployment than back in 2001).

About half of the original run-up in unemployment rate is roughly 2.5%…..so it makes sense to think that we could be looking at a 10% – 2.5% = 7.5% unemployment rate in December 2011 and then of course possibly we’d go all the way down to 5% in December 2013. No – it’s not very scientific, and Yes – it’s a blind guess, but here’s for taking a stab at it anyway.

What are you’re guess-timations?

Do you think that an improving economy over the next 4 years will be good for private money recruiting or bad?

Let’s hear it!!

Obama $1.5 Billion Housing Plan Needs More Explanation

by Tim Krulia – Private Money Blueprint CFO

As part of our quest here at PMBP to give you the single best resource on the financial aspects of growing your real estate investing business (aka, we help people find private money quickly, easily, and abundantly)… here’s an article I found with a video that announces President Obama’s plan to spend $1.5 billion on a new housing aid program…

The MSNBC article has a video of President Obama’s Feb. 19 speech at a town hall in Henderson, Nevada. The event was really a campaign push for Dem. Senate Majority Leader Harry Reid who is behind in the polls for the pivotal Nevada 2010 senator race. Obama’s speech paid Reid lots of compliments for his work in Congress, talks at length about the economy, touches on health care, education, green energy and announces a $1.5 billion housing aid program.

Of course, the housing aid program is what I’m interested in researching.

$1.5 Billion In Housing Aid… What Does That Mean To Investors?

The MSNBC article doesn’t do a very good of a job detailing the $1.5 billion housing aid program so that’s why I also am highlighting the Business Week article (it does a little bit better anyway). It’s probably best to understand the A-Z for this news story by watching the MSNBC video and then reading the Business Week article.

The problem for me is that even after I did, I think I only understood about the A-K of what this program is doing, unfortunately. The news applies most directly to those who live or invest in real estate in California, Florida, Nevada, Arizona and Michigan (the leading indicator states).  These are the states that are said to have been hit hardest by the housing bubble bursting. The idea is to target the worst of the worst areas and help them out first and foremost.

Okay, so after reading these couple of articles and watching the video a few times………umm, I’m still a little in the dark about exactly what they are going to do with the $1.5 billion. The best I can find in the info I’ve researched are two comments that stick out a bit, but they are mostly just clues… I think.

1. In Obama’s speech he said, “…and that’s why we’re buying up vacant homes and converting then into affordable housing.”
2. In the Business Week article Diana Farrell, deputy director of the White House National Economic Council, says “The aid is intended, in part, to test programs that reduce principal or extinguish second mortgages where borrowers owe more than their homes are worth.”

Is the government really going to start buying vacant homes?

Did Congress get together and decide, Ah Ha!!! Here’s how we make some $!! Let’s become real estate investors and start buying the cheapest houses out there! Yeah, yeah yeah! We can get the public’s buy in because we’ll say that we’re creating jobs for contractors to fix them up and boost realtors and loan officer’s production! Then we can sell the houses and earn BIG PROFITS!! Yippie!! LOL!

I doubt that’s what President Obama meant but what if that’s part of their plan a little bit? Could the US Government be your competition buying the short sale deal you’ve been working on right out from underneath ya? Again, I don’t think that’s the case, but dang if it doesn’t sound like it from the speech. I’m not serious exactly; just a little humor.

Diana Farrell, on the other hand, notes that the program will help folks that are upside down on their mortgages. Reading in between the lines I guess that by eliminating second mortgages or lowing mortgage balances in general will thus lower monthly payments. Lower payments on a mortgage will help some people avoid foreclosure.

That’s great if you have a job with an income that allows a borrower to make regular payments. Hello? The unemployment rate is still about 10%!! I guess I’m a bit skeptical about where this money is going right now because I can’t seem to understand exactly how the relief is getting handed out.

Housing Plan Questions…

Let’s start by asking the questions…. so who qualifies for this one and exactly what should one expect if they get approved?

Wouldn’t it would be great if there was one central location that anyone could contact, tell a specialist on the recovery act, stimulus stuff, tax incentives & credits, etc. what their situations are and then let the specialist look though all the cool recovery & stimulus stuff out there and in an instant, “poof” it’s in place for ya?

I guess if I had it my way, I’d just make the $1.5 billion available as private money that real estate investors could grab up at a really low interest rate (i.e. 1%)!

We’d be out there pulling down the funds and rejuvenating whole neighborhoods left and right! Then again, it’s kind of small potatoes. Why pay so much attention to this anyway I guess? There was something like 2.3 million houses that entered into some stage of foreclosure in 2008.

$1.5 billion is only the equivalent of 10,000 $150K homes anyway.

In Summary

To sum it up… as real estate investors we should all have our pulse on not only the real estate market… but other factors that can affect our businesses such as new goverment regulations or bills like this one.  I only see more and more of this type of action happening as elections in 2010 draw closer to sway public opinion that the voters are being “helped out” by the government… and this “help” could mean competition for real estate investors in the short sale market (short term competition), but it could also open up a whole new market for savvy investors that we don’t even know about yet.

 

===========================HIGHLY RECOMMENDED=======================
Need funding for your real estate deals? Losing out on deals because you don’t have the financing?  Well, we’re solving that with our first annual “Getting the Money” Bootcamp June 4,5, and 6th.  At this event we’re bringing in true *underground investors*, our funding contacts, and funding experts from around the country who are actively closing deals in todays market using a variety of different methods.

Everything from advanced “private money getting” techniques, to hedge funding, to buying large apartment buildings with little to none of your own money (our underground investor teaching this topic has acquired 2000 units in Texas in the last 2 years using the funding strategies you’ll learn) and more.

Head on over to learn more and get on our “Early Bird Notification” Hotlist for more info <<

===============================================================

Next Page »