Friday, July 25, 2008

Such a Hot Deal about to come available.

Have you every wanted the opportunity to negotiate with the seller before the property is available to anyone? Here's an opportunity to do just that. Let me explain....

Recently I held an open house on one of my rentals. One of the viewers told me that she needed to move quickly and wanted me to help her locate a rental home. After working with her for a couple of days, I discovered that she currently owns a home that she's going to walk away from because of two reasons.

1. An adjustable rate mortgage continually going upward.
2. Not being able to refinance due to market changes.

She also feels like the area that the property is located in is depreciating due to nearby foreclosures.

I took a look at the numbers and guess what? The numbers state that this is a great property to hold on to. This is a great property for someone looking for a short purchase. If you want to stay updated on this property drop me a quick e-mail.

Tuesday, July 22, 2008

Easy $50,000 in Equity

Just got off the phone with a out-of-town seller who owns property here in the Houston area. She's easy to work with and not profit driven. She just wants out of the property. I took a quick look at the comparibles for properties in the area and was delightfully amazed with the results.

For those that want to hold on instead of flip, this property has strong rental potential @ over 3200 square feet. With this subdivision's hot rental market demanding 59 cents a square foot, this property is a real gem coming in at over $1,900 per month.

There's plenty of room in this one. Email me for further details.

Thursday, July 17, 2008

Recent E-mail

I had some difficulty sending this to a I'll post it here and forward this address to him.

Hi Charles,

Long time no see! Enjoyed chatting with you today.

As I mentioned during our conversation, we can help individuals who are in danger of losing their homes regardless of credit or equity. They can have horrible a matter of fact, there's no credit check involved. As for equity....we have a program specifically designed for individuals who purchased a home that has depreciated in value.

If you have anyone who needs to save their home, let us know. As for your referral fee, simply let us know what you want and add it to the amount of the initial fee. As I mentioned, the fee is based on the homeowner's monthly payment. The minimum fee is $1500. We will work on hardship by case.

Here's more info

Yea the Market is sorta topsy turvy but.......we still have great programs. me. I have the programs! I'm always accessible even holidays and weekends.
CALL NOW! Direct


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Tuesday, July 1, 2008

Houston Market

The Houston real estate market remains strong even during current economic uncertainties. Several factors contribute to Houston's vibrant real estate industry. Houston’s after tax living cost makes it one of the best places in the U.S. to live at approximately 12% below the national average. This is largely due to the fact that Houston’s housing cost is 26% below the national average.
Houston, Sugarland, Baytown’s $325.5 billion Gross Area Profit (GAP) for 2006 was more than Austria’s, Poland’s or Saudi Arabia’s Gross Domestic Product (GDP). In 2006, Forbes Magazine ranked the Houston Metropolitan area as the third best places in the U.S. for businesses and careers.
Houston’s major industries are Oil & Gas, Manufacturing, Engineering, Real Estate, Medicine, Biotechnology, Aerospace, and Marine Science. There is no state or local personal income tax. Sales Tax is 8.25%. Even the horrific collapse of Enron has not prevented Houston from ranking among top three cities for investing in downtown redevelopment projects.

I once felt that legislators missed the boat when introducing 80% maximum LTV of appraised value for cash-out refinancing. That same requirement has helped Texas homeowners retain large amounts of their home equity during the current mortgage sub-prime meltdown.

Many foreign investors are taking advantage of weak U.S. dollars and strong Houston real estate values to reap huge rewards. Read More......