Reverse Mortgages - buy a house with - 03/31/10 12:03 PM
Suddenly I am getting calls for Reverse Mortgages again. Several years ago I did a few and then there was a dry spell. Now they are coming back to life for me.
It is actually possible to purchase a home with a Reverse Mortgage. One way is to pay cash up front for the home and then acquire the reverse mortgage after escrow. Another way is to simply purchase with a Reverse Mortgage. This might be the simplest way to purchase using a Reverse Mortgage.
Here is a basic Reverse Mortgage video http://www.youtube.com/mortgagemagicca2#p/u
 
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WE are the stimulus - 03/30/10 03:34 PM
We; Realtors, Lenders and everyone related to the mortgage industry are the stimulus. The Housing Industry will be the driving force behind the recovery. A new homeowner enters the market and begins to pay real estate taxes which will have a positive impact on local government...that person will purchase homeowner insurance. Title companies, Realtors, Mortgage Lenders, Appraisers, Credit Companies, perhaps even Handymen will get paid. This starts the cycle of money to flow. When people are earning money they start to feel confident and generate a positive attitude which will improve their economic out look. The seller of the house will … (0 comments)

Unable to find you ! - 03/27/10 10:04 PM
Ever once in a while some one will comment to me, "I could not find you" and I am amazed and think silently, "You ain't ever gonna make Detective". I am posting myself everywhere and just posted to Twitter. Actually I have been on there a couple of months but did not know how to direct people to me. So here goes. http://www.twitter/DrMoneyMagic
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http://www.mortgagemagic.com/youtube - 03/27/10 09:38 PM
That is the Title http://www.mortgagemagic.com/youtube. My web guy is putting all of my You Tube posts with the web site........why didn't I think of this earlier? Who Knows. Perhaps because I did not know it could be done. Now instead of telling people how to navigate and find me we just add youtube to the web address.
I will be doing short you tube educational videos on Reverse Mortgages, FHA, Community Loan Programs, Tax Credits,...you name it and I will be commenting about it. I will talk alot about economics and taxes because most of my referral sources are CPA's and … (0 comments)

California to provide $200 Million for home buyer Tax Credits - 03/26/10 03:58 PM
Gov Schwarzenegger signed Assembly Bill 183, the Home buyer Tax Credit legislation into law on March 25, 2010 for California. AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied homes.
Nearly 40% of first-time home buyers said they would not have purchased a home if the federal tax credit for first-times home buyers was not offered. AB183 will contribute to the effort to stimulate jobs. This is all good news and things are starting to look good!
 
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Pay Compliments because Compliments Pay You! - 03/25/10 06:59 PM
Probably a lot of times you feel like Rodney Dangerfield...you feel you get no respect.
Today I received a notice from Linkedin and it said "So and So has endorsed you"...What is interesting is that I really don't even know "so and so" and would not know him if we bumped into each other at Safeway (grocery store)...I say "so and so" because I did not get his permission to use his name but this is the comment that he wrote..
"I met Doug when we was a guest speaker in 2005 at the Greater San Jose Hispanic Chamber of Commerce. … (0 comments)

Succeed with a Flip Camera - 03/24/10 05:04 PM
In real estate or self employed? You can succeed and you will succeed if you do these 4 things...
1. Dress Professional- for different industries that will change. But dress the best you can-look professional.
2. Read and use the Love Scroll from Og Mandinos book The Greatest Secret in the World. If you don't have the book then I can email you the scroll. Just send me a note.
3. Find a way to see 20 people belly to belly everyday. Mike Ferry says that for years he made 25 sales calls every day no matter what.
4. Post on … (4 comments)

National Houdinni Day - 03/24/10 04:02 PM
Today really is National Houdinni Day...so as a magician what can I do?
Escape from the office earlyAsk for misdirectionsUnlock the problems that have boxed me inJust hang around Upside down
Please add to the list. I am only a magician because I was tricked into it.. actually the truth is years agomy sister came home with a bag of money and I asked her where she got it. And she said she did some tricks so I figured I could also do tricks !
http://www.youtube.com/watch?v=PVoN80zZK5o
Doug
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Virtual Tours and YouTube Testimonials - 03/23/10 07:53 PM
I was walking to my car and engaged in a conversation with a person also leaving the building where we both work. The talk turned to economics and real estate. During the conversation the person indicated he may want to sell his $1.8M home- wow (how about me)...we talked further and I told him that I had a listing in the area that is listed at $1,650,000 and that he could see it on virtual tour. He liked that and said that he found this home when he purchased it because of virtual tour. He already liked the way I work.
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16,500 New IRS Agents? - 03/23/10 05:42 PM
This comes from Yahoo Answers:
16,500 agents at a cost of $10 bil/year will enforce the new health care bill - they will deduct tax returns and fine $2250 for those who haven't purchased 12 months of health insurance each year. There is no appealing or fighting the IRS lol. Not that he or Pelosi will tell any American people that this is in the bill of course. There will also be 12 new taxes the IRS will make sure employers are all charging their employees and people are declaring. yippee. Genius. Now the gov can fund the war that is … (0 comments)

Palo Alto TownHome Price Slashed/Virtual Tour - 03/23/10 05:31 PM
Spacious Townhouse in Palo Alto...high ceilings..plenty of storage. Client paid over $28,000 remodeling the master bath ! Great floor plan and secluded location. Fantastic school distict...Please look at the virtual tour and if in the Bay Area- please buy !
http://tours.tourfactory.com/tours/tour.asp?t=583588 
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The KEY to successful sales - 03/18/10 11:11 AM
The Key. When I taught sales I would use a triangle and show the three main keys to selling; product knowledge, sales training and skills, attitude. The base of the triangle was attitude but it is a certain kind of attitude, a certain kind of thinking.
A fantastic book for anyone in personal sales (real estate is certainly personal) is The 5 Great Rules of Selling by Percy Whiting. It is out of print but worth the time to find it and study it. The chapters are short and a most important chapter is chapter 55 which starts with: You have … (2 comments)

Palo Alto Town Home reduced Price ! - 03/17/10 04:01 PM
This beautiful townhome in Palo Alto is now at KMart Prices! Do we say that today or do we say Walmart Prices? Anyway, this is a beautiful town home in Palo Alto. 2 BR, 2 1/2 bath in a secluded location. The Price is Right -
http://tours.tourfactory.com/tours/tour.asp?t=583588
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Still Trying - 03/17/10 03:42 PM
The famous Winston Churchill speech, "Never give up. Never. Never. Never. Never.Never. Never." Sometimes I wonder where the next customer will come from or even if a next customer will come. My best friends in slow times or fearful times are a yellow pad, a pen, a positive book and prayer. I get by myself and simply focus. After a while......and sometimes after much of awhile......ideas start to come. Then I start to act and then the stream starts to trickle and business starts my way again. It does (for me) take a lot of mental effort. Here is a blip … (1 comments)

The Hardest Rule for Me - 03/16/10 03:13 PM
Many years ago I took the Dale Carnegie Course. Our primary books were How To Win Friends and Influence People and How to Stop Worrying and Start Living. Rule One in the Friends book is Don't Criticize, Condemn or Complain. For me that has been such a hard rule to follow. It seems that I get days where I am kinda mad at the world; banks, politicians, co-workers, and me...times I am just off.
I have been critical of economists, wall street, investors, the very rich who seem to be getting richer with government 'assistance'...all of this gets me no where and … (0 comments)

The Flip Camera - 03/13/10 04:23 PM
Wow...the things we can do today to market ourselves. I gave a talk this morning and I was interviewed after the talk ......the interview was sent to me by email and now I can use it to market myself........
Let me introduce myself to you!
Click on a video below to watch it:


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A lot of Marketing ideas - 03/12/10 12:27 PM
I am giving a talk tomorrow and a media group is going to interview me. This is an email that I sent them answering some questions. After reading it, there are a couple of good marketing ideas here and perhaps it can help someone. ------the email starts here
Please forgive me for being slow to answer your email. Here goes. I am very new to Social Media. I am on Facebook, linkedin, twitter, and plaxo. But if I had to tell somebody how to find me, I probably can't do it.  I write a blog mostly unread and mostly for the real … (0 comments)

Bummer - 03/12/10 10:56 AM
I was standing in line in Holland waiting to pay the clerk for a purchase. She of course greeted everyone in Dutch. The Dutch are famous for speaking many languages and I knew that most speak English. So, my goal was - by using body language, thinking Dutch and acting Dutch- my goal was for her to greet me in Dutch. She glanced at me and said, "Good Morning." Bummer.
The same thing here is San Jose. I will go to a Mexican grocery store. It is certainly not unusual for a Gringo to speak Spanish in San Jose. so I … (3 comments)

Everybody has an agenda---so does Congress - 03/12/10 12:01 AM
This is a video that was filmed about 5-6 years ago. It is a Congressional hearing about Fannie and Freddie. The congress stacks up on sides...Republicans over here..Democrats over there. In this case the Democrats really beat up Armando Falcon then the director of OFHEO (Office of Federal Housing Enterprise Oversight). Falcon brought to light problems at Fannie and Freddie and was simply abused by Congress.
So my question. Does Congress really do indepth investigations the way they like us to believe? And, can anyone in Congress be "fair and balanced", or does everyone simply follow party lines? The video is … (1 comments)

Virtural Tour of Palo Alto Townhome and SJ Executive Home - 03/11/10 01:09 PM
These are a couple of beautiful homes. The Palo Alto Town Home is quiet and serene and is in what is considered the best school district. The San Jose home has the word "Executive" written all over it. The last link is a Self Marketing meeting this Saturday in San Jose...
http://www.ecampaignpro.com/sys_preview_campaign.asp?campaignid=443728&showset=0
 
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Self Marketing Meeting 3-13-10 in San Jose - 03/11/10 12:28 PM
In the San Jose area? Self employed or commissioned sales? or, just want an opportunity to meet more potential clients? Then, wake up and get out of bed early this Saturday and come to the self marketing meeting in the Willow Glen area of San Jose...Here is the information
http://www.selfmarketing.us/
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Why the Real Estate Market will not bust and how.... - 03/11/10 11:00 AM
David Lereah, the chief economists of the National Association of Realtors, published a book in 2006 titled Why the Real Estate Boom will not Bust and How You Can Profit from it.  I looked the book up on Google and here are a couple of statements from some people in the "know" about the book.
"An invaluable book . . . Today's real estate markets are booming and Lereah makes a convincing case for why the real estate expansion will continue into the next decade. This book should prove to be a truly practical guide for any household looking to create … (2 comments)

The Number 13 and the Dollar Bill and our History - 03/10/10 12:43 AM
Consider: 13 Original Colonies: 13 Signers of the Declaration of Independence: 13 Stripes on our flag: On the Dollar Bill- 13 steps on the Pyramid: 13 letters in "Annuit Coeptis" (above the pyramid) 13 letters in "E Pluribus Unum': 13 stars above the Eagle: 13 bars on that shield: 13 leaves on the olive branch: 13 fruits and 13 arrows.
but, I have only given you 11 facts so I will make up two more (the above are true) -
13 eye lashes on the eye and in the old days if you counterfited the dollar bill you got 13 years … (2 comments)

5 Easy Ways to Infulence People - 03/09/10 07:39 PM
 

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Increase your sales 2-10 times - 03/09/10 05:07 PM
Sometimes one phrase or one idea or one moment of inspiration can be enough to increase your sales two to ten times. Are you on the verge of greater success? If so and if you are in the San Francisco Bay Area then come on down to San Jose and hear me talk about sales this Saturday morning (March 13rh)..
You can email me at dmjmmagic@aol.com or call (408) 209-6773 for more information.
http://www.youtube.com/watch?v=bxbJYQNpKQc&feature=player_embedded
 
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I Love Real Estate - 03/09/10 12:07 PM
"I Love Real Estate"....those words are coming from a guy who always confirmed and affirmed that he would NEVER do real estate. Me.
I loved loans because I was good at listening and analyzing and determining the best loan for the client. I started loans when I was 20 years old and that was 42 years ago- so I have done a lot of loans. I  enjoyed in the beginning the hours. Back in the day the Realtors seemed to do most of their presentations at a kitchen table after 10 PM and many times on Saturday and Sunday nights. I … (1 comments)

This is beautiful- You do want to look at this virtural tour - 03/06/10 12:37 PM
Somebody is going to be a lucky buyer to purchase this home right here in San Jose. They will get the best living conditions in a town that is rated safest in the nation for large cities....a town where the superstars of techonlogy live..and a town with wonderful weather..All that and a beautiful home too !
http://tours.tourfactory.com/tours/tour.asp?t=588881
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Visited Federal Reserve in SF on Wednesday - 03/04/10 11:38 AM
I visited the Federal Reserve Bank yesterday. It was really interesting. To enter the building you will go through the same kind of security that you go through at the airport. We went to our meeting room but were under the eye of a security guard every minute including time on the elevator.
Our speaker was an economics professor from Stanford. In a nutshell he said that the Stimulus has not done much. He was not critical and even praised those who brought about the stimulus for their effort but looking at 'real time' he says there has been no positive … (2 comments)

Be Careful with information about Tax Credit- a real 5405 example - 03/04/10 11:13 AM
 I am reposting this. It was written late yesterday and too many missed it. This is very important to know. The 5405 is the IRS Form for the First Time Homebuyer Credit
.$8,000 tax credit? Hardly.....Here are the numbers from an actual client who purchased a home for $586,000. The clients adjusted gross income is $93,298.....the actual credit comes to $340.
Here is the actual form line per line
1. enter the purchase price of the new home             $586,0002. Multiply 1 by 10%                                                  58,6003. First time homebuyer                                               8.0004. etc, etc, enter your share                                          4,0005. enter modified gross income                                   93,2986. date purchased exemption, etc                                75,0007. is … (1 comments)

How Good Can I be? - 03/04/10 12:19 AM
It is a little sad to see talent all around me that is not used. Sometimes with just a little bit more confidence or a little bit more work...or even anticipating a little bit more luck is all that is needed to turn the tide. So many are so close to great success and never know it. I love being a high sales achiever. I love helping people. I love seeing what I can do. I love the challenges. We are in sales and it is (or can be) great. If you are in the San Jose area on March 13th … (3 comments)

First Time Homebuyer Credit - IRS Form 5405- real example - 03/03/10 08:25 PM
$8,000 tax credit? Hardly.....Here are the numbers from an actual client who purchased a home for $586,000. The clients adjusted gross income is $93,298.....the credit $340.
Here is the actual form line per line
1. enter the purchase price of the new home             $586,0002. Multiply 1 by 10%                                                  58,6003. First time homebuyer                                               8.0004. etc, etc, enter your share                                          4,0005. enter modified gross income                                   93,2986. date purchased exemption, etc                                75,0007. is line 5 more than line 6?                                       18,2988. divide line 7 by $20,000 and enter decimal                 0.9159. multiply line 4 by line 8                                            3,66010. subtract line 9 from line 4                                          340
This is from an actual … (1 comments)

Virtural Tour of Townhome in Palo Alto - 03/02/10 12:20 PM
444 San Antonio 8C, Palo Alto, Ca 94306
2 Bedrooms, 2.5 Baths.....hardwood floors, secluded location within the complex...In the Gunn School District
See the Virtural Tour here....Price Reduced to $753,000 http://tours.tourfactory.com/tours/tour.asp?t=583588
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Economy- It will all work out - Eventually - 03/01/10 03:15 PM
Back in the early '80's we had high inflation, high interest rates and high unemployment. In the Spring of 1980 the Prime rate was 20%. In 1982 unemployment was 9.7% (sound familiar?) Slowly the unemployment rate went down to 7.0% in 1986 and to 5.3% in 1989.
The government needs to restore stability and confidence-show that a steady hand is at the helm. So far they have not done that. Congress needs to convey a sense of hope for us all. I feel that the first thing Congress needs to do is control Federal spending. They are interfering with too many businesses and … (0 comments)

Beautiful Palo Alto Ca Townhouse - 03/01/10 02:05 PM
Spacious townhome in the popular Rosewalk Complex. This charming home offers high ceiling, plenty of storage, eat-in kitchen, separate dining room, in unit laundry, 2 car attached garage with extra storage, secluded location within the complex, and a great floor-plan. Remodeled master bath with granite shower and tub. The price has been lowered to $753,000.00
Check out the Virtual Tour http://tours.tourfactory.com/tours/tour.asp?t=583588
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