finances: Beaverton Oregon Real Estate: How to Become RICH!!! - 04/27/07 10:32 PM
You are now all expecting something amazing, different and so totally impossible that you can’t possibly do it in your lifetime.
Nope, this is something that most anyone can do. If you don’t already own a home, buy one today! If you already own a home you are already on your way to financial freedom and becoming rich.
The secret is to use the equity that you have built up in your present home and use it as a down payment on a duplex. This is where the amazing, different and totally impossible part comes that you were expecting earlier. (Not … (0 comments)
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finances: Beaverton Oregon Real Estate: Don't lose your equity in your home by waiting for a letter from your lender (Avoid Foreclosure) - 04/22/07 12:34 AM
One of the ways people get into trouble and lose so much money is they wait to long before seeking help with the sale of their home. If you know you are starting to get into trouble with your payments, this is the time to call an experienced agent that can help you avoid a possible foreclosure.
The reason waiting to long can cost so many home owners most, if not all of their equity is because of all the late fees that the bank imposes cuts right into that equity. Also as you get closer and closer to the date … (1 comments)
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finances: Don't let someone decide your future get a self directed IRA and maximize your retirement - 04/19/07 09:54 AM
You have a 401K and it is only earning you 10% a year max and you can only contribute up to $6000 a year depending on your age and situation. Who decides what you invest in? Some stock broker across the country somewhere in an office. What if there was a better way?
Well there is and it is called the self directed IRA. A normal 401K's value is determined by the stock market, if it goes up or down and it is a complete guessing game. With a self directed IRA you can use your IRA to buy real estate, … (0 comments)
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finances: Beaverton Oregon Real Estate: Make more money from your rental property - 04/18/07 06:51 PM
Are you a jaded real estate investor? Did you buy that rental with dreams of never having to work again and living on an island? At first that rental property looked great, for six months you were getting rents on time, the home looked wonderful and your mortgage was being paid by someone else every month. Then came that day the first rental check didn't show and you call the tenant to see what is going on and their phone has been disconnected. You drive to the house and it has been thrashed and you don't even recognize it. Your first … (0 comments)
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finances: Beaverton Oregon Real Estate: How to make what seems like a bad deal into a great investment! - 04/18/07 04:13 PM
Even if you know how to get the great deals as an investor you will from time to time make a mistake. But, that doesn't mean it has to cost you thousands of dollars.
One mistake I see in real estate investing is not calculating the cost of repairs correctly on a fixer up property. That doesn't mean you have to lose your shirt in the deal. With the proper guidance from an experienced Realtor who deals in investment properties they can help you recoup your losses even on the worst calculations.
One suggestion is to do a lease option … (0 comments)
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finances: Beaverton Oregon Real Estate: Buying a home? Take the steps to protect your financial future. - 04/18/07 01:22 AM
Are you about to start looking for a home? Stop! I know as a Realtor, I should be saying lets go find you a home today. My advice to you is talk to your Realtor long before you really want to start the search and ask them what you need to do to help the entire process go smoothly.
My first suggestion is to get a copy of your credit report. Did you know 47% of all credit reports have some kind of mistake on them? It can take up to 90 days to get any errors fixed. One mistake on … (0 comments)
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finances: Beaverton Oregon Real Estate: Investing in Foreclosures - 04/15/07 02:23 AM
The foreclosure process represents three bargain-buying opportunities.
Pre-Foreclosure (NOD, LIS): Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property. The borrower/owner can walk away with something to show for any equity in the property and avoid a bad mark on his or her credit history. The buyer has time to research the title and condition of the property and can realize discounts of 20-40 percent below market value.
Auction (NTS, NFS): If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a … (2 comments)
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finances: Why is my friend’s credit score so much higher than mine? We make the same amount of money. - 04/12/07 12:24 PM
Q: "Why is my friend's credit score so much higher than mine? We make the same amount of money." This question was asked of me last week by one of my buyers and it made me realize that if one person was asking it, more people would like to know the answer.
This was my answer to those buyers and I hope it helps you with your credit score and understanding.
A: There is no simple answer, a credit score is made up of numerous mathematical factors there is no one thing that they did that made there score better, it … (0 comments)
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finances: Control you own future with your retirement - 04/11/07 10:19 AM
One of the best ways to control your retirement is contributing to your 401K every year. The only problem is the maximum you can contribute per year is $14,000. But there is a way to get almost unlimited money contributed to your retirement and get the money tax free at the time of retirement.
The first thing you need to do is transfer your money to a self controlled IRA. Then you can buy fixer properties with your IRA, fix up the property with IRA money and then when you sell the property all the money is given back to the … (0 comments)
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finances: Pay off your mortgage years earlier without even realizing it - 04/07/07 04:20 PM
There are many things you can do to lesson the time of your mortgage and increase your equity without really doing anything that will affect your monthly budget and below I have given you just a few.
Did you know that if you pay half your mortgage payment every other Friday instead the full payment once a month that you are doing the same as paying one extra payment per year? That is correct, the key is to use some kind of auto pay through your bank and pay every other Friday. There are 12 months in a year, but not … (3 comments)
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finances: Let someone else invest in your NO MONEY DOWN investment property - 04/05/07 04:29 PM
By law you need to put some kind of consideration down to make a contract valid. Be it earnest money or a boat, there has to be something of value given to a seller in order for a contract to be valid. There are many different investment opportunities, but today I'm going to focus on just one.
The FIXER UPPER and how to buy it with little or NO MONEY DOWN
First of all if you are in the investment property business and you usually only have one thing in mind...making money and that is what this blog will teach you … (0 comments)
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finances: I don't own and umbrella and neither should you! - 04/02/07 10:38 AM
The title of this post is true if you're a buyer, but if you're a seller read to the end.
OK - Let me explain the title first. I am an OREGONIAN through and through. I do not own an umbrella when it comes to the rainy weather we have here; I like to call it liquid sunshine.
If you are a buyer and it has been raining for two weeks straight. YOU SHOULD BE ALL SMILES! This is a great time to go look at homes and get a great price on a home. The psychology behind this is most … (0 comments)
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finances: Selling your home fast and for top dollar - 04/01/07 02:06 AM
There are many things to do to ensure a fast sale, including having great curb appeal, a price that isn't higher than your competition and having the best real estate agent. There are still things that can put your home on the top of most everyone’s list and get your home sold FAST and you make a lot more too.
The first is the use of ...Click here to read the entire blog on my website
Todd Clark - broker Kastings & Associates (503)524-9494 Todd@IFoundYourNewHome.com www.IFoundYourNewHome.com
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finances: Buying a home with NO CREDIT HISTORY - 03/28/07 05:33 PM
More and more people are making good money in the world of technology, but don't have any credit history. They make enough money that they buy everything with cash, thinking that by buying their cars and other items in cash would make it easier to get through life. Now, they want to own a home and are finding out that not having a credit history is making it very difficult to get that loan.
This is where owner financing can ...Click here to read the entire blog on this subject
Todd Clark - brokerKastings & Associates(503)524-9494www.IFoundYourNewHome.comTodd@IFoundYourNewHome.com
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finances: How to Become RICH!!! - 03/28/07 12:54 PM
You are now all expecting something amazing, different and so totally impossible that you can't possibly do it in your lifetime.
Nope, this is something that most anyone can do. If you don't already own a home, buy one today! If you already own a home...Click here to read the entire blog post
Todd Clark - brokerKastings & Associates(503)524-9494Todd@IFoundYourNewHome.comwww.IFoundYourNewHome.com
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finances: Selling Your Own Home - We can help and will - 03/28/07 12:36 PM
Congratulations on joining the world of Real Estate by selling your own home. I hope you enjoy it and get everything you want out of the process. By the title and hopefully by the content of this article you will come to understand that ...Click here to read the entire blog post
Todd Clark - brokerKastings & Associates(503)524-9494Todd@IFoundYourNewHome.comwww.IFoundYourNewHome.com
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finances: The unwelcomed guest and your rental property - 03/28/07 12:09 PM
As an investor you will get the unwanted guests eventually. It is just a matter of time, but there are ways to curb your chances of getting them.
Who or what are these unwanted guests I speak of? If you are a landlord and you haven't experienced one of these guests, count your lucky stars. But, if you have, here are a few ways to avoid ...Click here to read the entire blog post
Todd Clark - brokerKastings & Associates(503)524-9494Todd@IFoundYourNewHome.comwww.IFoundYourNewHome.com
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finances: Buy a home, Get a mortgage, Get tax relief - It's that easy - 03/27/07 01:14 AM
Now you own a home and all the benefits that come along with it. One of those benefits is the mortgage tax deduction on your state and federal taxes. Every dime you pay in interest on you mortgage is a deduction off your gross income on your taxes and can mean a tax savings of thousands of dollars.
Most people don't realize on $200,000 loan at 6% in the first year you pay almost $12,000 in interest on your mortgage. If you took that $12,000 and deducted it from you gross income, would that help you year end tax bill to … (0 comments)
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finances: Where do I find those "Deals" when looking for investment properties? - 03/23/07 01:06 PM
As a Realtor we have clients come to us usually after ordering a 2am special investment CD collection saying "I want you to find me a home at 50% of the retail value" Do those programs work? In some cases they do, but it takes a lot more work than they make it seem on the CD's and DVD's you get in the mail. If it was truly as easy as they say it is, wouldn't everyone do it?. I usually sit down with my clients and teach them a better way of finding the deals and making extra money by … (2 comments)
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finances: The AS-IS Mistake when selling your home - 03/22/07 09:27 PM
If you are putting you home on the market you are looking for the most suitable buyers. Telling your Realtor to mark the home to sell AS-IS can and will discourage 50-75% of potential buyers from ever seeing your home at all.
When a buyer is looking on the internet for homes to purchase they are looking for homes that they feel are move-in ready. Most will pass right over a home when they see that is sold AS-IS, because the see the home as a fixer and may have problems.
Now even if you are planning to sell your … (1 comments)
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