Real Estate Tip

Hello All:

Have you ever encountered a homeowner that is in pre-foreclosure and there is no way you can help them because of the numbers? Of course, we all have and as ethicial real estate investors we want to help people even if there is not a pay day in it for us.

So, that being said, I have used this non-profit organization that will help the homeowner, FREE of charge, obtain a loan modification. This organization is Springboard, which is endorsed by the Attorney General of the State of Massachusetts, Martha Coakley. They can be reached at 951-781-0114. They also provide credit counseling for FREE, which will provide a certificate, if an individual needs to file bankruptcy! Since the bankruptcy laws changed in 2005, you must have a counseling certificate before you can file a bankruptcy petition.

Until next time - be well.

James Gage

Real Estate Investing: Radio Schedule

Hi all, I'll be on XM Satellite Radio tomorrow morning discussing lease options and how to use them for maximum profit. For more info follow the link - see ya in the morning: http://www.jgage.com/Real-Estate-speaking-events.htm

Be well.

James Gage

Real Estate Investing : Without Recourse

Hello All:

There has been a lot of misinformation circulating through the real estate investing community about liability issues concerning assignments of contracts.

My attorney had me add these two simple words about 5 years ago, they are “without recourse”, meaning, if the party I assign the contract to defaults there can be no recourse against me.

Be well.

James Gage
www.JGage.com

Real Estate Tip of the Month- July 2009

Real Estate Tip of the Month

Watch out when purchasing or lease optioning newer construction, say within the time frame of the last 5-7 years. Why? In a rush to fill demand during the housing boom, many builders cut corners and did very substandard workmanship! Now, these practices have come back to haunt home owner’s and sellers of both residential and commercial property in the form of expense repairs; in some cases repair costs surpass the current value of the property!

So what can you do as an investor or home buyer if you are debating purchasing or lease optioning a property referenced above? Make sure you get a good home inspection by a reputable company, and have an expert evaluate any areas of concern that the home inspector may note on their report. Remember, contrary to popular belief, the home inspectors job is just to give a general opinion on the shape and condition of the property, any “red flags” that he or she points out should be addressed by an expert in that particular field of concern.

You may want, if available in your geographical area, to purchase a home warranty on the property you are purchasing or lease optioning. These policies protect you, the owner, from footing the bill for major repairs or replacements of costly appliances in and on the dwelling. You can research via a search engine on the web, such as Google, and do a search under “Home Warranties”, and choose a plan that is right for your situation and budget,

Until next time – be well.

James Gage

Real Estate Investing: Lease Options

Hello All:

Rumor has it, that my Lease Option Home Study Package is on EBay for $197.00 !!!! It regular retails on my website for $495.00, what a savings...

Here id the link : http://tinyurl.com/msf4ko

Be well.

James Gage

Real Estate Investing & Facebook

http://www.facebook.com/home.php#/james.gage?ref=profile

I have a new fan page on Facebook. Join now. After you join, you can post pictures, ask questions of the group, and meet interesting people just like yourself!

When you go there, you will see that I have posted a lot of tips and stratergies on creative real estate investing.

And the best part is that I started posting secret discount codes there! These are codes to secret sales that are only shared with my Facebook fans.

Here is the link:
http://www.facebook.com/home.php#/james.gage?ref=profile

I'm actually online on Facebook right now. So, I'll see you there. Have an outstanding day!

Be well.
James Gage
www.JGage.com

Real Estate Tip of The Month

Hello All:

Now is the time to get your properties sold! Why the hurry? The $8,000 home-buying incentive from the U.S. Government ends in December 2009, and if you are in a state that takes longer then 30 days to close - time to get those prospects!

Be well,

James Gage