I would just like to inform you of this amazing deal that the federal government put into place. This could be just the thing you needed to push you into owning your own home. Here are the details.
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.
The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.-www.federalhousingtaxcredit.com.
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010)..-www.federalhousingtaxcredit.com
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.-www.federalhousingtaxcredit.com
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.
Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures, REO's and homes for sale in Pensacola, Pace or Gulf Breeze, FloridaClick Here.
RETIREMENT MONEY PURCHASING REAL ESTATE, 401K MONEY PURCHASING REAL ESTATE
Self Directed Retirement Plans's flexible retirement plans have the following features:
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We have lender who will lend up to 50% on a residential property on a non-recourse loan. The minimum loan amount is $50,000. So, the purchase price will have to be $100,000 or more to meet the $50,000 minimum loan amount. If you have further questions, please visit my web site at www.deliateam.com or view my profile to contact me directly.
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.
Ready for a quick sell!! Try an auction. Yes you can do it with proper marketing and a little work and here's how.
Order plenty of signs, twenty five is a good start. Place them with in 3 to 5 miles in every direction. Have Auction and time preprinted on them with a viewing time like you would an open house. Mine are held open from 11-5 on Saturday and 1 to 5 on Sunday. Leave a place at the bottom to write in the address in an erasable ink.
Have a bigger sign with the same thing on it except the address (this one will be in the yard) but have a place for you to write the bedrooms, baths and two great amenties.
Start on Monday have all the signs put up. Run an ad in the newspaper every morning for the whole week that looks just like your signs.
On Saturday and Sunday hold home open just like a regular open house. Have a poster board for everyone to write their bids on.
After Sundays open house is over at 5 pm then you start calling the lowest bidder and tell them the highest bid and ask if they want to top it. Then go to 4-3-2-1 and continue till the last one stops bidding. At the end you will have probably the best offer you could hope for either sell it to the seller or let the highest bidder know it is unacceptable.
We have replaced most of our Open Houses with these style Auctions and have sold over 85% of the homes within a 3 week period. I try to hold them within the first two weeks of the listing. These have worked well with our short sales as well.
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.
Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the $8000 Tax Credit given to first time home buyers in Pensacola, Pace, Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Call me to discuss the use of the $8000. tax credit and how you can double it when buying your next Pensacola, Pace or Gulf Breeze, Fl. home from Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures and homes in Pensacola, Pace or Gulf Breeze, FloridaClick Here.
Here's a great article I just pulled from Realtor magazine in case you haven't seen it yet. It's a GREAT way to get first-time home buyers more money for their downpayment!
Tax Credit Can Be Used for Down Payment
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.
Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.
"We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment," Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..
He says FHA's approved lenders will be permitted to "monetize" the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
Other Solutions for Today's Market
During his address at the summit, Donovan went on to say that the Obama administration plans to further stabilize the housing market. "I do think we have some early signs that the market overall is stabilizing," Donovan says. "Since January we've seen both home sales moving up and down around a relatively stable number and we are seeing the first signs that the rapid decline in home prices is starting to abate."
The morning session included a panel discussion that was moderated by CNBC's Ron Insana. Panelists examined cutting-edge solutions necessary to promote and preserve homeownership and real estate development, stimulate the economy, and protect the nation's taxpayers. They also shared their ideas on what the role and responsibility of the federal government is in the revitalization effort.
"Right now the Federal Reserve is the market," said panelist Jay Brinkman, chief economist for the Mortgage Bankers Association. "What will be the effect when the Fed stops buying?" Brinkman explained that an exit strategy must be planned for the long-term; the federal government cannot continue to support the mortgage markets indefinitely.
"We are thrilled that so many high-caliber individuals were able to join us today at this important meeting to promote stability in the housing market and the U.S. economy," said NAR President Charles McMillan. "We look forward to an ongoing dialogue and action toward this goal, during our midyear meetings this week and beyond."
Scott Miller, Realtor® Estate Specialist Commercial RE Business Broker Realty Associates 561-716-4060 direct 561-451-9377 fax http://www.LoveBoca.com http://twitter.com/ScottSellsFL
We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Navarre Beach, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8
A Snapshot of the Navarre Beach, Florida Housing Market
Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.
We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Perdido Key, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8
A Snapshot of the Perdido Key, Florida Housing Market
Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.
Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on Mortgages including FHA, VA, Conventionals, Creative Financing, Reverse Mortgages and Owner Financing available in Pensacola, Pace, Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Looking for a mortgage or loan, call 800-309-3414 to discuss how we can find no money down, 100% financing for you in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view homes for sale or rent in Pensacola, Pace or Gulf Breeze, FloridaClick Here. Also for current mortgage rates and programs that are best for you. Click Here.
Once you have made the decision that a reverse mortgage is right for you, what do you do next? How can you know that your reverse mortgage lender is giving you the best deal? Even if you get multiple quotes from several reverse mortgage lenders, do you know what to look for?Some argue that HUD regulates all the fees and rates so there isn’t that much difference between reverse mortgage lenders other than service.Well as you can imagine, that just isn’t the whole truth.While HUD does regulate MAXIMUM fees, there is nothing saying you can’t do better than paying the highest closing costs and rates allowed.And the lower the rate you receive, the more money you get!Its how the reverse mortgage formula works.
A blog doesn’t give me enough room to go into all 5 of the items in detail so if you want more detailed information simply go here and you can have a free 7 page report emailed to you.
So what are the 5 key itemes you need to know to get the best deal from your reverse mortgage lender?Here is a brief summary:
1)Figure out whether a reverse mortgage fixed rate product is better for you or an adjustable rate.Choosing the right one will make a big difference in the amount of money you receive.Rule of thumb is if you need most of the money at closing go with the fixed rate.If you only need a small amount up front, the adjustable rate may end up getting you tens of thousands of dollars more over time due to the credit line growth factor.
2)Check out reverse mortgage lenders for the lowest “Expected Interest Rate”.Based on the FHA HECM formula, the lower the expected interest rate is, the more money you can receive.
3)Your reverse mortgage lender should give you the lowest monthly servicing fee available, which is currently at $25.Most lenders charge $30 or $35 and just tell you that’s what everyone pays.This seemingly small difference will get you an additional $800 - $1600 at closing plus $60 - $120 less in costs each year.Multiply that by 10 – 30 years and the money really adds up.
4)Shop for the lowest origination fee, and ignore all other closing costs when you compare reverse mortgage lenders.
5)Find a reverse mortgage lender that will allow you to find your own FHA appraiser.The right appraiser can make an enormous difference in the amount of money you receive at closing and in how smooth the lending process will be.Check with your local real estate professional and get a quality referral for the right local appraiser.If the lender won’t allow it, then move on.While on conventional mortgages you can’t be involved in finding your own appraiser, FHA reverse mortgages do not have that restriction.
Well there you have it.Go here if you would like a detailed free report emailed to you.You can also get a no obligation quote there as well.
Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on Mortgages including FHA, VA, Conventionals, Creative Financing, Reverse Mortgages and Owner Financing available in Pensacola, Pace, Gulf Breeze, Florida. I hope you find this series to be educational as well as informative. Looking for a mortgage or loan, call 800-309-3414 to discuss how we can find no money down, 100% financing for you in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view homes for sale or rent in Pensacola, Pace or Gulf Breeze, FloridaClick Here. Also for current mortgage rates and programs that are best for you. Click Here.
Yahoo Finance posted a very positive Reverse Mortgage piece that was originally in Kiplingers. There are a few issues, like where it says that Reverse Mortgages are only if you paid off your loan or have a small balance (I just paid off a $400,000 loan with a Reverse) but overall it is a positive piece.
Pensacola, Florida: My best best of the best series of articles on different real estate topics beneficial to Pensacola Investors, Landlords, Tenants, buyers, sellers in Pensacola, Pace and Gulf Breeze, Florida. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures, REO's and homes for sale in Pensacola, Pace or Gulf Breeze, FloridaClick Here.
It is a widely held belief that if someone wants to invest in real estate market, he must be loaded with cash. The idea is not entirely true. If you don't have enough money you can still invest in real estate. The notion seems unbelievable at first glance but it's true. Real estate investing with no money to put down is a viable option.
In order to invest in real state without down money, you must be creative in your approach and devise various methods for utilizing other people's money to finance your transactions. Some of those innovative methods are listed below:
Use Double escrow
If you have a finance background, you must have heard of the escrow account. There is such a term as double escrow. Double escrow means buying and selling property at almost the same time. The money received from sale is utilized to pay the purchase price of the property. The sale price is a bit higher then the purchase price which is your profit. In a double escrow, profit is realizable only after both part of the transaction are simultaneously completed. Before going into this kind of transaction you must first secure both ends of the deal or you might end up in a jam.
Use seller's financing
Usually a property owner already has one or other lending facility. What you have to do is convince him that you are going to take over his mortgage for a specified period of time until you can find a suitable buyer for the property. When the property is sold, the sale proceeds of the property can be used to pay off the mortgage. The difference amount is your profit.
Mortgage Take Over
There is a paragraph in virtually all loan agreements which is called "due-on-sale" clause. This clause stipulates that when the title of a property is transferred, the lender has the right to demand full settlement of his loan. According to this clause it is the lender's prerogative whether or not to demand full settlement of loan. If you take over a mortgaged property and make timely payments there is every chance that the lender will not exercise his right of "due-on sale". This way you can buy properties without having to go through a credit check. The properties can later be sold to prospective buyers.
You might be discouraged in the beginning when you go and try out any of the above mentioned options. But there are great opportunities of making money in the real estate market without down money. The key is to build a workable real estate investing strategy and not get discouraged by early failures.
I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.
Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog.
We here at the Charles Stallions Real Estate Services continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Pensacola Beach, Florida real estate statistic. For last months stats scroll down, call me or e-mail for even more details. Home not Selling, find out why? SELLERS TIP # 8
A Snapshot of the Pensacola Beach, Florida Housing Market
Would you like infomation on buying or selling Foreclosures / Short sales CLICK HERE
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.
Why Pay More To Get Less?
Charles Stallions Real Estate Services charges a flat fee of $2995 or $1495 PLUS 3% if you want to be in the MLS. What do you get? Our 27 step program. . includes print advertising in the #1 magazines, 8 or more websites for homes for sale. Open Houses, Tour Of Homes -Auction style, Lots of signage, Realtor Alerts and much more. Call 800-309-3414 for over the phone details with no obligations.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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