Sunday, May 31, 2009
Tuesday, May 26, 2009
Why Commercial Real Estate?
Why You Need To Start Investing In Commercial Real Estate by Scott Scheel
People often ask me how I got started in commercial real estate, and I tell them that it was a conscious decision for me. Most people who begin investing in real estate start off with single family residential properties because that is what they are most comfortable with. They tell themselves, "All I need to do is a couple of deals a month. I'll make myself five or ten thousand dollars, then at the end of a very few months most of my problems will be taken care of." They do not really understand...
Read Entire Article
People often ask me how I got started in commercial real estate, and I tell them that it was a conscious decision for me. Most people who begin investing in real estate start off with single family residential properties because that is what they are most comfortable with. They tell themselves, "All I need to do is a couple of deals a month. I'll make myself five or ten thousand dollars, then at the end of a very few months most of my problems will be taken care of." They do not really understand...
Read Entire Article
Saturday, May 16, 2009
Don't Pay for Credit Repair!
The real estate market is changing rapidly. It's a great time to buy. Prices are low, interest rates are low, inventory is higher than ever and sellers are willing to negotiate fantastic concessions. The only problem is the tightening of credit requirements. The current credit score needed to qualify for 95% LTV mortgage financing is 680. (at the time of this writing)
Many consumers who have struggled and saved planning to buy their first home now are faced with the task of credit repair. I talk to many individuals who have shelved out hundreds of dollars to credit repair companies in hopes of removing bad debt and building credit scores. So, I decided to write this article in attempt to help those that want to improve credit. I hope it's a benefit to all that read.
This is going to be a very short article I promise. The trick to building good credit is simple, "PAY YOUR BILLS." (Just kiddin....that's an old bill collector joke...lol) Anyway, let's continue...,
The problem with paying off old debt is knowing which bills to pay. Many individuals believe that paying off old bad debt will cause credit scores to improve. I'm saying from years of experience that this is incorrect. Some individuals even pay hundreds of dollars to so-called credit repair companies in hopes of removing old bad credit only to have their credit destroyed. These companies collect huge fees then negotiate low pay-offs. Many debt management companies collect lump sum payments then pay creditors at a slower pace than the consumer further destroying one's credit. They write tons of letters to creditors claiming that information on the credit report is incorrect only to have the same bad credit re-appear down the road at the worst possible time. To use an analogy......it's like stirring murky muddy waters hoping that the mud will somehow go away. Actually, I don't think it's legal to charge for credit repair in advance in the great state of Texas.
If you pay on or negotiate with non-secured bad debt that's older than 2 years old it will only have an adverse affect on your credit. What actually happens when you pay on old bad credit..... old bad credit becomes new bad credit driving down your credit scores.
You can cheat the credit system with the following three step formula.
1. Obtain a credit report which contains scores.
2. Identify which debts must be addressed or have a professional credit analysis.
3. Put new good credit on your report.
Obtain 3 secured or no credit needed credit cards. These cards usually range from $250.00 to $750.00 amounts of allowable credit and are easily obtained right off the internet. Once you have these cards, keep the balances under 50%. Pay on them well before the due dates and ALWAYS PAY A FEW DOLLARS EXTRA. I guarantee that your credit scores will increase drastically over a 6 month period.
I've personally used this technique to increase the credit scores of many clients. I recently watched a client's score increase more than 150 points using this technique. He implemented this simple system and within 6 months he was able to purchase a new home.
Here's a good place to obtain secured credit cards.
Many consumers who have struggled and saved planning to buy their first home now are faced with the task of credit repair. I talk to many individuals who have shelved out hundreds of dollars to credit repair companies in hopes of removing bad debt and building credit scores. So, I decided to write this article in attempt to help those that want to improve credit. I hope it's a benefit to all that read.
This is going to be a very short article I promise. The trick to building good credit is simple, "PAY YOUR BILLS." (Just kiddin....that's an old bill collector joke...lol) Anyway, let's continue...,
The problem with paying off old debt is knowing which bills to pay. Many individuals believe that paying off old bad debt will cause credit scores to improve. I'm saying from years of experience that this is incorrect. Some individuals even pay hundreds of dollars to so-called credit repair companies in hopes of removing old bad credit only to have their credit destroyed. These companies collect huge fees then negotiate low pay-offs. Many debt management companies collect lump sum payments then pay creditors at a slower pace than the consumer further destroying one's credit. They write tons of letters to creditors claiming that information on the credit report is incorrect only to have the same bad credit re-appear down the road at the worst possible time. To use an analogy......it's like stirring murky muddy waters hoping that the mud will somehow go away. Actually, I don't think it's legal to charge for credit repair in advance in the great state of Texas.
If you pay on or negotiate with non-secured bad debt that's older than 2 years old it will only have an adverse affect on your credit. What actually happens when you pay on old bad credit..... old bad credit becomes new bad credit driving down your credit scores.
You can cheat the credit system with the following three step formula.
1. Obtain a credit report which contains scores.
2. Identify which debts must be addressed or have a professional credit analysis.
3. Put new good credit on your report.
Obtain 3 secured or no credit needed credit cards. These cards usually range from $250.00 to $750.00 amounts of allowable credit and are easily obtained right off the internet. Once you have these cards, keep the balances under 50%. Pay on them well before the due dates and ALWAYS PAY A FEW DOLLARS EXTRA. I guarantee that your credit scores will increase drastically over a 6 month period.
I've personally used this technique to increase the credit scores of many clients. I recently watched a client's score increase more than 150 points using this technique. He implemented this simple system and within 6 months he was able to purchase a new home.
Here's a good place to obtain secured credit cards.
Friday, April 10, 2009
FEEL LIKE GAMBLING?
Everyone has been asking me to tell them where the big money is at. I believe that there is enormous wealth opportunities for current risk takers. Do your home work, trust the numbers, then take action. Invest in areas that have traditionally done well and increase the odds of success.
Take for instance Galveston, Texas which was recently devastated by Hurricane Ike. Galveston's location makes it a real gem. A good friend, from one of the title companies in Houston told me that fortunes are sitting like diamonds in the sand on the coast of Galveston.
So, I've been watching Galveston. What I've discovered is real exciting. I hope you checked out the preceeding link. The information contained in it makes Galveston's real estate a winning lottery ticket. I missed out on this offer but I've discovered a couple of much better transactions....one right on the beach.
Anyway, if anyone wants a winning lottery ticket.................contact me.
Take for instance Galveston, Texas which was recently devastated by Hurricane Ike. Galveston's location makes it a real gem. A good friend, from one of the title companies in Houston told me that fortunes are sitting like diamonds in the sand on the coast of Galveston.
So, I've been watching Galveston. What I've discovered is real exciting. I hope you checked out the preceeding link. The information contained in it makes Galveston's real estate a winning lottery ticket. I missed out on this offer but I've discovered a couple of much better transactions....one right on the beach.
Anyway, if anyone wants a winning lottery ticket.................contact me.
Wednesday, April 8, 2009
NEW LIST COMING!!!
CHECK BACK IN A COUPLE OF DAYS! I'M GOING TO PUT A LIST OF SOME OF THE BEST DEALS IN HOUSTON!!
SHORT SALES!! FORECLOSURES!! OWNER FINANCING!!
GET THEM FIRST!!
GET THEM HERE!!
SHORT SALES!! FORECLOSURES!! OWNER FINANCING!!
GET THEM FIRST!!
GET THEM HERE!!
Thursday, March 19, 2009
Houston Houston Market
Hello Fellow Real Estate Investors!
What a hay ride! I'm excited about this current market. Now is the time fortunes are made. I just read the monthly MLS Houston Market. It's rather discouraging on the surface. But, if one reads it with the advantage of hindsight and knowledge of market cycles, it's like finding a treasure chest map.
The average and the median price of single family homes fell. Foreclosure sales are up while the median price of foreclosures being sold fell 15%. During the same period the median price of non-foreclosure homes sold only dropped 1.2%.
But let me not bore you with these stats. Let me put some of them together for you.
I just received an e-mail from one of my lenders. They're now going to 660 Fico on 95% financing. Soon 20% down will be the norm under a 660 credit score. Much of the buying market is being squeezed out of the American Dream.
So what's the good news in all of this? People will still need a place to stay. The Houston rental market is exploding. Plus, there's tons of cash flowing properties in on the market. The real hidden gems are in multi families.
Check back soon, I'm going to continue this post with specific properties and reasons why they are good transactions. For instance, you can own a whole city block in Galveston (needing IKE repairs - currently cash flowing), for less than $300,000. I'm going to make my private notes available to a select few individuals. Here's a sample of one the e-mails that I send out. You're going to be more than supprised by some of the responses.
To: Scott Young Subject: 1002 Commodore I have an buyer that might be interested in your listing. Do you feel the seller might entertain an offer requiring a 35% discount in price?
Dick Green Triad Mortgage and Realty
What a hay ride! I'm excited about this current market. Now is the time fortunes are made. I just read the monthly MLS Houston Market. It's rather discouraging on the surface. But, if one reads it with the advantage of hindsight and knowledge of market cycles, it's like finding a treasure chest map.
The average and the median price of single family homes fell. Foreclosure sales are up while the median price of foreclosures being sold fell 15%. During the same period the median price of non-foreclosure homes sold only dropped 1.2%.
But let me not bore you with these stats. Let me put some of them together for you.
I just received an e-mail from one of my lenders. They're now going to 660 Fico on 95% financing. Soon 20% down will be the norm under a 660 credit score. Much of the buying market is being squeezed out of the American Dream.
So what's the good news in all of this? People will still need a place to stay. The Houston rental market is exploding. Plus, there's tons of cash flowing properties in on the market. The real hidden gems are in multi families.
Check back soon, I'm going to continue this post with specific properties and reasons why they are good transactions. For instance, you can own a whole city block in Galveston (needing IKE repairs - currently cash flowing), for less than $300,000. I'm going to make my private notes available to a select few individuals. Here's a sample of one the e-mails that I send out. You're going to be more than supprised by some of the responses.
To: Scott Young Subject: 1002 Commodore I have an buyer that might be interested in your listing. Do you feel the seller might entertain an offer requiring a 35% discount in price?
Dick Green Triad Mortgage and Realty
Sunday, January 18, 2009
INSTANT ACCESS TO THE LEGAL SYSTEM
Your family has just happily moved to a new city. You have a great job, beautiful home, and theneighborhood seems friendly. You enroll your children into the local school district, which have received great national rankings. Before long, your daughter has been invited for sleepovers ather friend's house. Although you have met the friend's parents several times, and they seem like nice people, you have read too many horror stories to feel comfortable allowing your daughter to sleepover. Needless to say, she is devastated and blames you for moving her to a new place,where she has no friends. What is a parent to do?
Safety is the best policy, and accessing the legal system is a critical step in keeping your family safe. Every day, there are more stories reported about unsuspecting victims who have been harmed by criminals, who may be your neighbor or the parents of your daughter's friends. The cases are real; the charming father may be a sexual predator or deviant, and he may sexually harass or even rape your daughter. Looks are very deceiving, and the only way to know if that friendly smile is authentic is by accessing the legal system to conduct a background check.
Getting the information you need has been made incredibly easy by the internet. By performing a people search online, you can basically find out almost anything about anyone. Both court records and criminal records can even be accessed via public records.
Depending upon the state in which you live, you may instantly access public records online. Witha simple internet connection, you can browse through a person's public records, including criminal records, court records, and even driving records! Find out whether the parents of your friend's child have clean background checks, or if they may be hiding a deep secret from thecommunity behind their friendly smiles and freshly baked cookies.
If you are in a state where you cannot access the legal system online, then you have two options. First, you can conduct a people search through the search engines; you can find out anything about anyone online, and the parents of your daughter's friends are no different. Input their names and phone numbers, and a plethora of information may be revealed about their criminal records.
However, the power of determining the history and background check of a person comes from the legal system. If you cannot access online the government public records of your state, then there are several services that have contracts with government departments and courts to provide background checks and criminal records. With a click of a button, you can instantly access the legal system to discreetly find out about anyone through their criminal records, court records,and driving records. Not only do you save time, but you protect your family definitively againstcriminals who threaten the safety of your children.
Many people may believe that records of the U.S. government are confidential, but that is not necessarily true. Knowing just where to search can provide you with important information and direct access to the legal system. By working with specialized services, you can instantly access legal systems and obtain all of the background check information you need to give youpeace of mind.
Safety is the best policy, and accessing the legal system is a critical step in keeping your family safe. Every day, there are more stories reported about unsuspecting victims who have been harmed by criminals, who may be your neighbor or the parents of your daughter's friends. The cases are real; the charming father may be a sexual predator or deviant, and he may sexually harass or even rape your daughter. Looks are very deceiving, and the only way to know if that friendly smile is authentic is by accessing the legal system to conduct a background check.
Getting the information you need has been made incredibly easy by the internet. By performing a people search online, you can basically find out almost anything about anyone. Both court records and criminal records can even be accessed via public records.
Depending upon the state in which you live, you may instantly access public records online. Witha simple internet connection, you can browse through a person's public records, including criminal records, court records, and even driving records! Find out whether the parents of your friend's child have clean background checks, or if they may be hiding a deep secret from thecommunity behind their friendly smiles and freshly baked cookies.
If you are in a state where you cannot access the legal system online, then you have two options. First, you can conduct a people search through the search engines; you can find out anything about anyone online, and the parents of your daughter's friends are no different. Input their names and phone numbers, and a plethora of information may be revealed about their criminal records.
However, the power of determining the history and background check of a person comes from the legal system. If you cannot access online the government public records of your state, then there are several services that have contracts with government departments and courts to provide background checks and criminal records. With a click of a button, you can instantly access the legal system to discreetly find out about anyone through their criminal records, court records,and driving records. Not only do you save time, but you protect your family definitively againstcriminals who threaten the safety of your children.
Many people may believe that records of the U.S. government are confidential, but that is not necessarily true. Knowing just where to search can provide you with important information and direct access to the legal system. By working with specialized services, you can instantly access legal systems and obtain all of the background check information you need to give youpeace of mind.
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