Which States is the best to invest in?
The best State to invest depends upon your goals. If you are interested in a return on your investment than a Lien State is the way you want to go. Iowa is a great Lien State to invest in because it currently pays 24% interest with a 2-year redemption period. If you are more interested in trying to acquire property, a Deed State is the best choice. Texas is possibly the best Deed State to invest in with a 6-month or a 2-year redemption period. To redeem property in Texas the owner must pay a 25% penalty, which you as the investor receive.
Why "A" Students Work for "C" Students
As a member of our Investor Network, you know that I am a big fan of Robert Kiyosaki's message and mission.
Robert is the best selling financial author in the history of the world. And now he's released what he claims to be “the most important book I've ever written.“
The world's educational system is mass producing job seekers. But sadly, it isn't producing job creators. So it's no surprise there aren't enough jobs to go around.
Politicians may pander and point fingers, but the root cause of the problem needs to be identified and fixed. That's what Robert is doing is this new book and you can be a part of the solution.
Real Estate Investing with a Solo 401(k)
The self-directed Solo 401k retirement plan offers powerful advantages for real estate investing. The Individual k or Solo 401k is an IRS-qualified retirement plan that has been simplified for the self-employed and small business owner. The structure of the plan gives participants more options than a traditional 401k. The Solo 401k’s investment capability, direct access, loan feature, and tax benefits make it the perfect vehicle for investing in real estate.
California Counties Top The List In The US Foreclosure Statistics
California Foreclosure Statistics
With Inland Empire foreclosures at pre-recession lows, Riverside County's foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac.
Of those, 45 were from Palm Desert, according to data provided by the organization to Palm Desert Patch. In Palm Desert:
- One out of every 538 households received a foreclosure filing in April
- That number was down by about 25% from March 2013, and down 55% from last April.
- In April 2012, 100 households had been in default.
New Record Low for Mortgage Loans (Again!)
Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week.
The weekly rate report from Freddie Mac says 30-year fixed-rate mortgages averaged 3.35 percent in the week ending May 2, down from 3.4 percent last week. The average rate on a 30-year fixed rate loan is just above its all-time low of 3.31 percent set in November.
A 15-year fixed rate loan fell to an average of 2.56 percent, on par with average rates for both one-year and five-year adjustable-rate mortgages.
How the FICO Do I Repair My Credit? [Infographic]
What is a FICO Score? Most credit bureau scores in the U.S. are calculated from software developed by Fair Isaac and Company. They are commonly referred to as FICO scores and include a rating based on information found in credit reports.
If you're planning to finance the purchase of any investment properties now or in the future, then knowing what make up your credit score and how to improve it are critical.
[Read more…]
One-Year Rent Guarantee – Too Good to be True?
Earlier this year Norada Real Estate added a One-Year Rent Guarantee as part of every investment property purchased through their network. The response by investors has been very positive and overwhelming.
A few people made the comment that it sounded, “too good to be true”. In response to those comments, I present the following excerpt from an interview conducted with Robert T. – a landlord with several properties. Rob's properties are protected by the same policy we provide all our investors. Shortly after his policy was placed, he experienced a vacancy and filed a claim. The following is an excerpt of an interview conducted with Rob in February, 2013.
U.S. Population Shifts
People were on the move in 2012 and apparently the most popular place for them to move to was Pittsburgh, PA., according to the 2012 Top US Growth Cities Report recently released by U-Haul International. The Steel City topped the list of 30 metro areas selected with a 9.04% population growth, based on data collected by U-Haul from over 1.6 million one-way truck rentals during a recent 12 month period.
The cities chosen for the list had more than 5,000 families moving in or out of the area during that time. “Growth cities were then determined by calculating the percentage of inbound moves vs. outbound moves for each area,” said John Taylor, president of U-Haul International, Inc. Other cities in the U-Haul top 10 included:
[Read more…]
Tennessee Foreclosures Down
In Shelby County, there were 1,030 total foreclosures in the first quarter this year, according to real estate information company Chandler Reports. That’s down from 1,252 foreclosures during the same period in 2012 – a drop of 17%. Pull back one year before that, though, and the number of foreclosures had spiked to 1,235 in the first quarter of 2012 compared to 964 in the first quarter of 2011. At this time last year, in other words, the area was in the midst of a 30% gain in foreclosures. Pointing to the recent drop, some local brokers and Realtors say a combination of forces is at work. There’s been a small improvement in the economy, which helps. Banks also are increasingly pursuing workouts, loan modifications and short sales.
Phoenix is Facing a Housing Shortage
A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase. Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage.
Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake of the 2008 housing market bust.
Five years after the crash, the desert metro is facing lagging home construction, predictions of population growth and rising land prices, according to real estate experts with ASU.
The end result could be a significant housing shortage in the near future, experts contend.
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