dave woodson: Risk, Chances, go bravely
- 08/20/08 02:33 AM
"Take risks. Take chances. Don't be afraid. You gotta go into life brave." Billy Joel (1949 – ) Singer, pianist and songwriter
You're nothing but a bigshot - I love that song. Are you taking risks right now. I know for many of us just staying in the business is a risk. A risk, that I am sure will pay off in spades in a year or so. I look forward to the time that all this balances out. I was reading Realtor magazine the other day and the NAR chief economist thinks this year and next will be the year … (3 comments)
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dave woodson: Housing Starts at its lowest
- 08/19/08 01:31 AM
"I like thinking big...if you're going to be thinking anyway, you might as well think big." Donald Trump (1946 – ) Real estate developer
i am not a doom and gloom kind of guy, and I am not going to start here. So, allow me a little liberty here. One of the issues, of a lot of builders were that they over build. They took the "field of dreams" mentality, if you build it they will come. I read an article yesterday that a builder in Chicago had terminated most of its staff and ceased nearly all work since they had … (3 comments)
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dave woodson: I am really mad
- 08/18/08 09:20 AM
I am really mad at myself today.
I slept late. I was tired and my daughter had crawled in bed with me this morning after my wife left for work and she facilitated my laziness. Well, I got her off to day care a little late, and then I came home and got sucked into some busy work. Needless to say, I did not hit the street running. I allowed myself a few minutes of freedom and I paid the price in lack of production.
I ran like the dickens in the last half of the day, and I am so … (6 comments)
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dave woodson: The Mad Mortgage Machine Podcast is here
- 08/15/08 05:59 AM
I am behind on my goal. I promised it last March but I have it here now.
We are missing just a few of them and I am going to working to get them on iTunes here this weekend.
I just wanted to let you all know that they are up and working and you can down load them on WIMS-am 1420
I will let you all know when I have them on iTunes. I am sure that will be sooner than you know.
If you are in NWI (northwest Indiana) or SWM (southwest michigan) you can listen live to am … (4 comments)
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dave woodson: My new Flip Ultra and HR#221
- 08/13/08 06:07 PM
It is late and I decided to add some video that I did the other day when I got out of the gym. You never know when you may just get hit by a good thought for a blog. I keep my Flip with me always and I can do what I need to do to make a video at the spur of the moment. I hope you all enjoy and I look forward to positive feedback.
HR3221 - is not my favorite bill in the world, but I am starting to warm up to it a little. I think we … (3 comments)
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dave woodson: Give them something to talk about...
- 08/13/08 01:02 PM
I had been viewing a video from some guy, his name does not matter. He has had some trying times in his live and he said something that struck me. I mentioned this another blog, and my dad had always said it.
"If you don't want to be talked about - don't do anything."
I had heard my name bantered about back and forth. I generally pay it no mind, but I always found it funny that someone would think enough of me to bring me up out of nowhere. I was in a Real Estate office when two other reps … (5 comments)
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dave woodson: Love to hear from my "competition"
- 08/13/08 12:45 PM
I was sitting here in the home office of Dave Woodson worldwide. The brain center to all things that I do. Mortgages, Real Estate Investment, Marketing and so on. When the hotline rang. I, almost, did not answer it was the "competition" an in-house lender. I will not tell you his name. I have enough respect for him to do that.
He called to ask my advice on a deal that he was working. I thought about holding back, but I deferred and then I gave him all that I knew. Which really was not all that much. We have lost … (5 comments)
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dave woodson: This week on the Mad Mortgage Machine Radio Show
- 08/08/08 02:02 AM
Well, this week, I am all over the board. I hit it all. I talk about the new law of the land HR3221, or as I call it the down payment killer and it's supposed "tax credit" but is basically an interest free loan.
I hit on ID theft again and talk about the Private Money event coming up in Oak Lawn, Il just south of Chicago for more information on that email me at dave@madmortgagemachine.com. It is a $139 at the door, but by using my name it is only $79.
I, also, talk on personal responsibility and explain LTV … (1 comments)
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dave woodson: Tax Credit vs. Tax Deduction
- 08/05/08 04:22 PM
As we all may know the new energy bill, err, I mean the new housing and economic blah blah bill was passed and there has been some discussion of the tax credit and some people think it is a tax credit. Lets get a few things straight.
The tax credit is going to be a loan. Yes, you heard me right a LOAN. You are going to have to repay $500 a year back for up to 15 years. Hey, it is nice to get maybe your down payment back, but you have to repay it.
They are doing away with … (4 comments)
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dave woodson: Dream Job
- 08/04/08 01:00 AM
"No matter what you're doing, try to work at that task like it's your dream job."Russell Simmons (1957 - )American entrepreneur
I have had to question whether or not I am doing my dream job? What I do know is that I treat it as my dream job. I am not necessarily passionate about doing mortgages, but I love to teach and help. I love to speak and entertain. Yes, I love an audience.
I have been doing a weekly radio show not only for mortgages but one that is more entertaining here, on WIMS-am 1420 and the Mad Mortgage Machine radio … (2 comments)
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dave woodson: Who do you know?
- 08/02/08 10:25 AM
I was just reading a pretty interesting article in the Washington Post. Well, on Washingpost.com about the "6 degrees of separation". I am sure we all have heard about the game "6 degrees of Kevin Bacon". Where you name an actor and come up the shortest way back to Kevin Bacon.
Here is an example:
Arnold Schwarzenegger to Kevin Bacon - Seperation of two
Kevin was in "we married margo" with Tom Arnold, Tom was in "true lies" with Arnold
Well, it got me thinking and I have heard this before. Who do you know?
Who do you know who … (3 comments)
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dave woodson: Bravo - Finally - Now, lets hope it passes
- 08/02/08 02:05 AM
It seems that someone in Congress understands what down payment assistance means to the housing industry.The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (H.R. 6694)
If this bill is not passed it will take nearly 300,000 potential home buyers out of the market. Let me wite that again for those not quick enough to understand that. 300,000 possible home buyer out of the market to buy a new home.
Oh, the few that have seen the light Maxine Waters, Gary Miller, Al Green and Christopher Shays. I am sad to say that I do not … (6 comments)
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dave woodson: Tune in tomorrow - WIMS-am 1420 - The Mad Mortgage Machine Radio Show
- 08/01/08 11:55 PM
Today, I discuss and share my opinions on the new bill HR 3221 just passed by our Congress and Senate and signed by President Bush just last week. . If you had read my blog earlier this week. I was and am quite down on the resolution. I do not like it. I doubt that it will be the help, the real estate crisis savior that everyone thinks it will be. I really hope that I am wrong, but I doubt it
I am really enjoying my show. I think that I am starting to get my feet on steady ground. I … (4 comments)
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dave woodson: Water damage to your phone or electronic device - NO MORE
- 07/29/08 09:13 AM
I have a bad habit.
I take baths when I need to relax, but I hate to stop working. I would rather read information on the internet, shoot out emails or do things on my Blackberry. Now, before you get yourself in a stink. I am very very safe and I do not have electricity near me when I do this. It is amazing what you can get done when you are so relaxed.
So, far, only one accident and that happened when I was getting into the tub and I dropped my old nextel into the tub. I wanted a … (3 comments)
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dave woodson: What are they thinking
- 07/29/08 08:14 AM
I sit here mad and quite irritated...The House and now the Senate have voted and pass HR 3221.
here is are some of the finer points of this Bill
- Seller Funded Down Payments Assistance - gone as of 10/01/2008
- FHA will require original bank (who is agreeing to write down the old mortgage) pay FHA a 3% fee
- Borrowers, agree to share profit from home-price appreciation with the FHA. including a 3% exit fee of mortgage principal to FHA whether they sell or refi, there is a 10% reduction a year the first 5 years, but will never … (11 comments)
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dave woodson: Last Week
- 07/28/08 02:05 AM
“Think of yourself as on the threshold of unparalleled success. A whole clear, glorious life lies before you. Achieve! Achieve!” – Andrew Carnegie, Industrialist
I want to pour this out in public to make sure to head off the rumors that I am sure will abound.
I am moving my office back into my home. I am not shutting down. I am not losing my office. In fact, when you call my office next week you will still get me.
Why am I doing what I am doing?
- overhead, having an office this size in Michigan City makes little … (7 comments)
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dave woodson: A new Series
- 07/25/08 02:21 AM
I have been hearing that the Savings rate in America is the lowest it has ever been.
Let me REPEAT that
The Savings Rate in America is the LOWEST it has ever been. It is ever so close being negative. We are spending more than we take in. SPENDING MORE vs. Bring home.
Now, if that does not scare the hell out of us nothing will. When DTI (debt-to-income) is more important than ever to getting approvals for home loans. We need to be teaching our children that we need to save. We eat out now more than ever. We will … (3 comments)
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dave woodson: Daily Quote - 100,000 in points and other things I have learned on AR
- 07/25/08 12:38 AM
"Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion or a gazelle - when the sun comes up, you had better be running."unknown
I love this quote, I have read it several times over the years. All I know is I run and if you don't you are toast
WoW, 100,000 points. I never thought I would get here. … (13 comments)
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dave woodson: Another Short Sale Success
- 07/18/08 07:46 AM
I was able to close a short sale in nearly record time after the bank approved the sale and the good news was that the bank broke even after my negotiating skills. So, the seller did not get a short sale on their credit report.
My clients got into the home with no money out of pocket outside of the insurance will seller assisted down payment assistance and paying the closing costs.
Her father was a non-occupying co-borrower. She now has a home with-in walking distance to her school job.
She lives down the road from her parents and all is … (3 comments)
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dave woodson: Identity Theft
- 07/18/08 04:17 AM
Identity Theft
This week on the Mad Mortgage Machine show and podcast I cover a growing epidemic in the world of ID Theft and the fact that it is just not about credit cards and money anymore.
My special guest this week is Dave Mons from Dave Mons and Associates. He is an expert on the subject of Id Theft and the areas that it hits in our world like medical and even tax evasion.
I know I am not doing it justice on here. So, tune in this week on WIMS-am 1420 or www.wimsradio.com .
I look forward … (8 comments)
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"Take risks. Take chances. Don't be afraid. You gotta go into life brave." Billy Joel (1949 – ) Singer, pianist and songwriter
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