Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
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Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Here is a great example from today's Dallas Morning News, where Scott Burns, the financial "expert" takes a question about a reverse mortgage and really blows it. Here is the text of the question to Scott from P.H., His Answer to them and and my e-mail to Scott.
You can boost cash flow without turning to a reverse mortgage
12:00 AM CST on Thursday, December 3, 2009
We are 75 and 69. Our financial situation is good. We live in a "senior citizen environment" and have a $100,000 mortgage on a $200,000 home. Our payment is less than $600 a month. We know people are jumping on the reverse mortgage concept. Some do this for the right reasons, and some for the simple cash flow advantages.
But down the road, homeowners walk away, and no value is left in their home for the survivors or those who expect some inheritance.With the economy as it is, home values may never be what they have been in the past. Does it make sense to have a reverse mortgage now, or is there something in that process we are not seeing?
P.H., Sun City, Texas
(this was the answer)
Reverse mortgages are better deals than they once were. Expenses have come down. That's the good news. But the real question is: Who would really benefit from a reverse mortgage?
Most people interested in getting reverse mortgages have little or nothing in financial assets. They need the money to continue living in their houses. This means they are "house poor" and are probably spending a large portion of their incomes on the cost of operating their homes. It also means they're shortchanging everything else in their lives to stay in their homes.
I think most of the people considering a reverse mortgage would do better if they sold their homes and bought or rented a more affordable place. They may have a sentimental attachment to their homes (and an equally great fear of change), but if money gets tight, the most common result is a poorly maintained home. Worse, the homeowners are trapped because they don't have money to do anything but stay at home.
It's nice to stay in a home you've lived in for many years, but a better exercise would be to make a list of all the opportunities you're missing because you're house poor.
For you, a reverse mortgage would not be enough to pay off your existing mortgage, but it would provide a monthly payment almost large enough to cover your mortgage payment.
(This is what i e-mailed scott today. in response to his answer)
I think you got the Reverse Mortgage question a bit wrong. First, having no money, but having lots of equity is being "house rich" not "house poor." Also the advice for seniors to just sell is very often not what they want to do. Especially now, when values are probably at or near their low point, most seniors don't feel comfortable selling their home. Every survey of senior homeowners show that well over 80% do not want to move. Also, your statement that the questioner could not qualify for enough of a Reverse to pay off his loan is absolutely wrong. The questioner can qualify for about $106,000 today and taking a Reverse would save them $7,200 a year in increased cash flow due to no longer having to make monthly mortgage payments.
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.