Thursday, November 25, 2010

Real Estate Investing: Happy Thanksgiving !

Happy Thanksgiving!

I love this Holiday and whether you celebrate Thanksgiving or not
I wanted you know that I am grateful for you, for your
friendship, loyalty and business.
Whatever your tradition, whatever favorite foods you enjoy,
whomever you spend the day with--I wish you a Happy Thanksgiving,
with plenty of time for reflecting, sharing with others, and
enjoying the day.

Truly, you are the best!

Be well.

James Gage

Monday, November 15, 2010

Breaking Real Estate News: Foreclosures

Hello All:

James Gage here with breaking real estate investing news; it seems Florida has put foreclosures on the fast track!According to CNN, Duval County (which is Jacksonville) has hired retired Judges to push foreclosures along at record speed. It seems Duval County along with others state wide are getting rid of the foreclosure backlog by having these hired Judges rule on Foreclosures from filing to sale at an average of 2 minutes per case! The average Judge will hear and render a decision on a whopping 35 or more cases a day.

Sounds to me like there will be a lot of challenges going on at the Florida Supreme Court level to these retired Judges verdicts. Is it me or does anyone else think that the bank and or mortgage companies have something to do with this process? I understand the frustration on both sides of the coin, but I was always taught if you are going to do something make sure you do it right the first time, and it seems to me that 2 minute hearings don't fit the bill.

As for us real estate investors, this means it's time to brush up on our REO strategies.

Until next time be well and to your success.

James Gage

PS: For more great tips and strategies click here to join our FREE Newsletter.

Tuesday, October 19, 2010

Real Estate Investing News: Robert Kiyosaki

Robert Kiyosaki said today on the Alex Jones Radio Show, that if you owe more then your home is worth you should walk away from your mortgage, even if you can make the payments!!!!! He further stated that this is what the financial elite do and that's why they have the money they have; if it doesn't perform dump it!!!! What great financial advice - huh!!!!

That will fix the housing market mess won't it Robert????

For sound real estate advice click here for my Free Newsletter.

Be well and let's make things great again.

James Gage

Friday, October 15, 2010

Real Estate Investing Tip: Lease Options

Unfortunately, the current economic situation has made it challenging to buy houses with traditional methods; why not look into Lease Options, AKA Rent to Own?
Click Here to find out !

and in the words of Forrest Gump: "That's all I have to say about that...."

James Gage

Saturday, October 2, 2010

Breaking Real Estate News: Foreclosures

Hello All:

According to CNBC on Friday, another banking giant has placed a hold on foreclosures in 23 states! Who is that giant? JP Morgan! As in the other banking institutions, this does not mean they will not do any short sales, rather they will be very selective and turn around times might be a little longer then normal. This is where your negotiating skills come in - you have to be at the top of your game with every submission.

To learn how you can take your negotiating skills and turn them into seed money for your real estate transactions please visit:

Be well and happy investing.

James Gage

Tuesday, September 28, 2010

Breaking Real Estate News: Condo Sales

Breaking Real Estate News: Condo sales down 23% from last year, according to CNBC ! Don't be troubled though; there are always opportunities in every market - you just need to know where to look ! Where do you look?

For more up to the minute real estate investing news, sign up for our Free Newsletter by Clicking Here

Be well.

James Gage

Saturday, September 25, 2010

Foreclosure News: GMAC

Hello All:

GMAC announced today that they are halting all foreclosures and issuing a hold on selling all REO (Real Estate Owned) properties! What doe this mean? It means that they have finally seen the light!!! They have figured out that the more foreclosed properties they flood into the market for sale, the less money they will make on these properties because of market saturation. Is this a good move on their part? I say No!

My logic is this, a little bit of something, is better then a whole lot of nothing. What I mean to say is, that what are you going to do with these properties, hold them for the next 25 years, waiting for the housing market to improve? The way I see it the housing market will not rebound until unemployment retracts, government clues us in on the tax structure after January 2011, and we start supporting and encouraging small businesses to flourish.

So, in conclusion, I would say that short sales are still possible with GMAC you just have to be at the top of your Negotiating game.

For more information and tips on leveraged real estate investing and negotiating for profit, please visit our website and sign up for our Free newsletter: Click Here

Until next time - be well.

James Gage

Thursday, September 16, 2010

Breaking Real Estate News: Foreclosures

According to CNBC Foreclosures last month were the highest since the housing crisis began! What does that mean? It simply means that home values will take another hit to the downside and housing inventory will sky rocket, forcing those who are trying to sell their homes to either drop their asking price, stay put, attempt to rent it out or get foreclosed upon if they can not make the payments.

Is there any good news? Yes of course for those of us who are leveraged investors, and use the power of Lease Options and Assignment Strategies.

For a Free Subscription to my Leveraged Real Estate Investing Newsletter click here

Until next time be well.

James Gage

Monday, August 30, 2010

Real Estate Investing : August 2010 Article of the Month

How to Prevent Wasting Your Valuable Time As A Real Estate Investor

No matter where you are on the financial ladder or your position in society, we all have something in common, and that is, we all have 24 hours to utilize in a day. With that in mind how many times have you found yourself chasing your real estate investing tail? How much time have you invested in deals that go no where but down the drain?

This is what I suggest you do before you even attempt to look at a property. A few weeks ago I sent you a link to a video I did on how to do a mini-title search, which shows you what kind of liens, judgments and or encumbrances are on the property, so you may figure those factors in when evaluating a property. You can view that video at :

Now the question arises; what happens if your state doesn’t provide this type of data available online. Here is a way around that problem! Get 1 or 2 Realtors that you use for the viewing of investment properties and have them do the leg work for you at the courthouse; teach them what I have shown you on the video. Make sure they understand the process for gathering the data before you expend any of your valuable time looking at properties. That being said, the Realtor must do 2 things for you before you agree to meet with them and view the property: 1. verify the property is still for sale and has no other offers pending, and 2. make sure you have a list of all liens, judgments and encumbrances that appear on the property.

If you follow theses simple steps you will leverage your front end time of your real estate investing plan.

Hope this helps.

James Gage

Wednesday, August 11, 2010

Breaking Real Estate News

Hello All:

James Gage here with Breaking Real Estate News….

Home Owners who have their homes up for sale decreased their asking prices by 25 % in the month of July 2010 according to CNBC ! What does that say about our housing market??? As I have been saying for the last year, we haven’t hit bottom yet and we should price and buy our properties accordingly.

Be well and to your success.

James Gage,

Saturday, July 31, 2010

Real Estate Investing: Will Pregnancy Prevent You From Getting a Loan?

Hello All:

There has been a lot of talk about banks and mortgage companies denying loans to women who are pregnant or have just delivered- is this true? Face value it might look that way, but it just isn't so - let me explain.

First off this has nothing to do with pregnancy. There is nothing new here at all. We are talking about mortgage guidelines! We are in a Full Documentation World now and they, the banks and mortgage companies need to document income and employment.
Here is how Employment and Income is verified by the powers that be:

• Review pay stubs, W2's etc... If the stubs mention disability or maternity leave it is a red flag

• Call the employer: "Does Jane Doe work there?" This call is often made just before closing since guidelines require a "fresh" verification. If the borrower is on a temporary leave it WILL cause a problem.

Why? It is pretty simple, mortgage guidelines require income streams to last at least 3 years to be considered for qualifications. Maternity leaves are not permanent income, they are often only for a few months and may only be a form of short term disability.

Will a loan be denied if some one is on maternity leave? No, But the closing may be postponed until the borrower returns to work. The guideline has always required a pay stub to prove the borrower has returned to work. This is not just for Maternity leave, it could be for any form of temporary disability.

This is not a discrimination item; it is purely an income issue. It is also Mortgage Banking 101... The basics that have been in the underwriting guidelines for decades. So be careful of what you read, and the source is important as well. A lot of the uproar was from an article floating out in the media that sensationalized guidelines as if they were some new 2 headed beast, The media often takes the side of an issue that will sell things rather than inform accurately.

Now that we have that straight happy investing.

To your success,
James Gage

Saturday, July 10, 2010

Real Estate Investing: How to do a Title Search before viewing a property

Check out my video on " How to do a Title Search before you go to a property", find out the information you need before viewing a property: Click Here

Saturday, July 3, 2010

Real Estate Investing: Happy 4th of July

As we spend this 4th of July weekend with family and friends, let’s pause for a moment and think about what this Independence Day really means. As our country goes through hard times, let us remember that the sacrifices of those that have gone before us paid so we may enjoy the opportunities and freedoms which make this the best country in the world.

Happy 4th of July to you and yours, and don’t eat too much BBQ.

James Gage

Thursday, June 17, 2010

Breaking Real Estate Investing News

Hello All:

James Gage here with some breaking real estate investing news:

The US Government reports that according to their latest stats on loan modifications, 75% of modified home loans will re-default within 6 months after modification.

Get read for the 3rd wave of foreclosures I have been predicting for the last 8 months. Of course, this means $$$ for those of us that know how to take advantage (in a moral and ethical way of coarse) of this situation.

For more information on how you can benefit Click Here.

Be well.

James Gage

Friday, June 4, 2010

Real Estate Investing: Should You Buy Title Insurance?

Hello All:

Just a quick post to answer a question I received today. The question: " Should I but title insurance both when buying and selling a property?" You should always buy title insurance on all transactions! You should never just rely on research done by the title company, they are human and can miss something and report the title clean, and when you get ready to sell something from previous owners pops up. If you don't have that insurance -YOU are on the hook! Believe me it happens; it happened to me with the first house I purchased.

So don't forget to buy that insurance, you will be glad you did.

Be well.

James Gage

Friday, April 30, 2010

Real Estate Investing: Lease Options - Find the Seller’s Sticking Point

As part of my lease option training I teach my students that when you are negotiating with a seller on a lease option deal you’ll find that all sellers have a sticking point. Lease option sellers will have something that means more to them than anything else. Find out what this is so that you can structure a deal that makes them happy while simultaneously meeting your requirements for profitability.
For instance, the price of the home may be more important to some lease option sellers than when they receive it - this can allow you to structure a longer term lease option deal.
Other lease option sellers might want a very specific monthly payment to cover their mortgage nut, but their overall price is negotiable.
Work with each seller to understand what makes them tick, so that you can tailor your lease option offer to suit them best.

More tips at :

Tuesday, April 27, 2010

Real Estate Investing: Real Estate Reminder

Hello All:

Just a quick reminder for those who are trying to sell a property. The first time home buyers credit of $8,000 will end this month! So that being said all contracts must be executed by April 30, 2010, and closing must happen prior to July1, 2010.

Also, the $6,500 Move-Up / Repeat Home Buyer Tax Credit will expire on April 30, 2010 as well.

Good luck and happy investing.

James Gage

Thursday, April 15, 2010

Breaking Real Estate News: Foreclosures

Hello All:

I have some breaking news for you on the real estate investing front! Foreclosures for the first quarter of 2010 are up 19% according to CNBC!

You maybe asking yourself how can this be, when the stock market is rallying and breaking the 11,000 mark. Well, it’s simple! Most of the money coming in to the stock market is foreign money, looking to make a quick buck on this temporary stock market rally. Remember, also today we were told that unemployment unexpectedly increased – yeah right.

So what does that mean to you the investor? It means the 3rd wave of foreclosures I have been predicting is starting to come to pass. As always, in any cycle, there is opportunity to be found, if you just look. There will be more short sale, assignment and lease option opportunities for all of us to make a boat load of cash; if you know what you’re doing….

To learn how to benefit from this cycle, click here and sign up for my Free Newsletter.

Until next time, may all your deals be profitable.

James Gage

Saturday, March 27, 2010

Real Estate Investing: Lease Option, Rent to Own

Hello All:

Hope this post finds you and yours in good health. Many have asked me when I have a discounted item from my real estate investing series available to let them know...

Rumor has it my Lease Option, Rent to Own Program which retails for $495.00 is on EBay for $197.00!!! Click Here to be brought to the EBay link to find out more information.

Be well.

James Gage

Sunday, March 21, 2010

Real Estate Investing: Question of The Month

I just received this question in my e-mail box, so I thought I would share the question an answer with you.


I’m sure you get this question a lot, but is now a good time to purchase a home?

Bob Gomez, Spokane, WA

This is what I responded back…

Hi Bob:

Thanks for the e-mail. Wow! That’s a loaded question, but I will answer it best I can.

First, only you and only you know what you can financially tolerate for a mortgage payment; but I must stress that according to my budget criteria I teach people, only a maximum of 35 % of your income should be set aside for housing! If you can not find anything that falls within those parameters, I would suggest that you consider purchasing a duplex or multi-family and live in one of the units while getting your mortgage paid for you (you will be essential living for free) and receive all the tax deductions, while saving money towards a larger down payment – which will lower your mortgage payment.

Secondly, if you are going to pull the trigger and purchase a home, I suggest you plan on staying in it for at least the next 10 years! Hopefully, that will be enough time for the housing market to give you a big chunk of equity.

Finally, there are a lot of great deals out there for individuals wanting to become homeowners – not investment property; at least not at this point in time. Let me qualify my last statement. There is always an exception to every rule, but great investment property deals are few and far in between without using leveraged investing techniques such as lease options and assignments.

I believe in the near future there will be opportunities for those of us that have cash to get great deals after the 3rd wave of foreclosures makes an appearance.

I hope this helps Bob.

Be well.

James Gage

For more great tips and strategies Click Here

Thursday, March 11, 2010

Real Estate Investing: Beware of Short Sale Companies

I have come across more than a few companies that claim to be “experts” in short sale negotiations, only to find that not only is the information they provide not accurate, but sometimes they are just out-and-out scams. Most are newly formed companies, with no true experts on site. Typically they’re just trying to take advantage of the current market. I know of a company in GA that tells real estate investors that they will negotiate short sales on their behalf for $1,800.00 per transaction and the investor gets to keep all the profit! Only one problem; they close less then 1% of the short sales they are given.

We are in a time where many people are desperate financially and emotionally, and there are those out there who are eager to take advantage of people in these types of situations. Granted, there are some agencies out there that are good, legitimate short sale companies but, you have to know the difference between the good and the bad.

So what is the answer? Learn how to negotiate short sales yourself! Yes, it's possible to learn to negotiate short sales, as an investor or on behalf of someone else.

If you are ready to learn how to negotiate short sales correctly please Click Here

Until next time.

James Gage

Friday, March 5, 2010

Real Estate Investing: Where to host your real estate website?

Hello All:

The question always comes up when I talk to people about their real estate web sites (if you don't have one, you should, but we will leave that for another post), where do you host yours? Well, before I tell you where I host mine, I would tell you why I host mine there; then you can make up your own mind.

There are many hosting services that charge as little as $3.95 a month for hosting, but then charge you for having e-mails and increased bandwidth! I don't know about you but I don't want to be nicked and dimed every time I turn around.

Below I have listed what I believe you must have included or supported with your hosting service:

--> Up time, meaning, your website has to be guaranteed up and running on the web greater then 99% of the time. That's unfortunately what happens when you go with these sub par services.

--> Multiple e-mail accounts included

--> 24/7 Customer Service at no additional charge

--> Able to host multiple websites, if you chose, on the same account without paying for an additional account.

--> Statistics Page: You need who is coming to your site and when, so you can see how effective your marketing has been - again at no additional cost.

These are just a few of the benefits I think every hosting service should be giving their customers at no extra cost. That being said, I get the all the above and more for $7.95 per month! If you would like more information Click Here

Saturday, February 27, 2010

Breaking Real Estate News: Governement to Stop Foreclosures?

Hello All:

Get this, President Obama is thinking of stopping all foreclosures (except for investors of course)! What will happen is a government organization will tell the banks and mortgage companies when and if they can foreclose!!!! Does this make sense? Not only will this give the government another slice of power over the free market system, but it will cripple the housing market. The bigger question is who will pay for this? Banks and mortgage companies will close in record numbers; they will not be able to balance non performing properties.

So what is the answer? Unfortunately, we have to allow the market to correct itself! That means foreclosing on those who can not benefit from loan modifications, and assisting them into the rental market.

This is precisely why I strongly suggest that investors use leveraged invest techniques with little to no risk such as "Assignments Made Easy" Click Here for more information.

Until next time - be well.

James Gage

Tuesday, February 23, 2010

Breaking Real Estate News: Housing Data

James Gage here, with some breaking real estate news:

December Housing Data- Standard & Poors

According to Standard and Poors: “U.S. home prices
unexpectedly slipped in December but the annual rate
of decline slowed, reinforcing the housing market's rocky
road to recovery, Standard & Poor's/Case-Shiller indexes
showed on Tuesday.”

Ok, you maybe asking yourself why does that matter?
It’s February and not December, so who cares! This is
a quarterly snap shot, rather then the monthly report’s
we are use to seeing in the news. This information gives
us glimpses of what to expect in the coming quarters, so
we can adjust our investing methods appropriately and get
an advantage over our competition.

The data did indicate that housing prices actually
Increased slightly in housing markets such as Boston.
Austin, San Francisco, while declines continued in
Florida, Las Vegas and Michigan – just to name a few.

That being said, my investing plan remains the same for
now; I have no plans to change my investing plan, which
concentrates on:

 Lease Options
 Short Sales (Kibbles and Bits)
 Probates ( Find and Assign)
 Assignments

Speaking of Assignments, don't forget that my DVD & CD
Presentation on "Assignments Made Easy" 50% off offer ends
tomorrow night at midnight and will return to its normal price of
If you are interested in purchasing this package, plus the
bonus guide @ $18.50 then follow the link below for more information,
and if you decide to purchase it enter promo code: 999.


I hope this information has been of use to you and your real estate
investing business plan.

To your success,

James A. Gage

Monday, February 22, 2010

Real Estate Investing: Assignments Made Easy

James Gage here with Gage Consulting Group hoping that
this blog post finds you and yours in good health.

How would You like to make 3,000 – 7,000 thousand dollars
per real estate transaction, even in a down market, without
owning or financing the property? Well if you said Yes, then
continue reading below...

If you're head is still spinning from the recent changes
and trends in the real estate investing marketplace, and
you're wondering how the heck you can make any money in
this environment without a bag full of cash, then you
won't want to miss out on :

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Banks are even tougher these days with who they're lending
to and what they will finance and they're looking more and
more at your credit and how many years of experience that
you have as an investor!
What if you have less than perfect credit, don't know how to
best present your deal to the bank, want to get commercial
financing, have no substantial cash to put into a deal as a
down payment, or are confused by the new FHA and Prime loan

This is the exact process I use in one of my investing
modules for consistent cash flow on a monthly basis.

Before I let you go to read over my exactly what this
CD contains, many individuals have called me and ask
if I would put together a step-by- step DVD & CD on
"Assignments", well your wish is my command. I have put
together a DVD & CD on that very subject please visit
the following link for more information:
but it doesn't stop there!

Normally priced at less then a few trips to Starbucks
at $37.00, it is a great value if I do say so myself.
But for the next 4 days (Feb 21 - Feb 24 ) I am
extending to you, my faithful newsletter subscribers
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whooping 50% off my normal website store price! Enter promo
Code 999 on you order/check out page to receive your

After Feb 24th it will return to the normal price of
You maybe asking, why am I doing this? Simple, I am
committed to getting this information into as many
investors hands as possible, thereby getting your
bank accounts perked up to where they should be!

So please visit the link provided for more information
on this jam packed DVD & CD package:

Also, as a thank you bonus I am including:
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walk you through the process A-Z.
Don't forget promo Code 999

To your success,

James A. Gage

With this DVD & CD which is jam packed full of information
you will never have to worry about getting or
controlling a property again.

What you will learn with this powerful package :

On DVD 1 James, goes step by step on how to:
• Choose the appropriate document, for the right deal.
• Fill out each document correctly !
• Protect yourself from litigation in every deal!
• Protect the money you make on each deal, if the deal
doesn’t close!
• And much, much more…

On the CD of Forms, James provides all the contracts you will
need to do any deal, whether a straight transaction or Lease Option
assignment. Each document can be modified on your computer to suit
the structure of any deal.

And of course like all of James's products you will
receive much more.

Thursday, February 18, 2010

Real Estate Investing: Breaking Foreclosure News

Hello Everyone:

Finally some validation on what I have been saying over the past 4 months! If you remember, what I said was “get ready for a 3rd wave of foreclosures”. The increases in home sale prices were just “smoke and mirrors”!

This was just posted by Standard & Poor’s:

Heartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down.

Blame the "shadow inventory" – nearly 1.8 million homes that are on the road to foreclosure but for all kinds of reasons haven't gotten there yet.

Now you might be asking yourself, since I predicted what was happening in the housing market – how did I use this information to profit as a real estate investor?
In my next post I will explain how…

James Gage

To profit from this type of information before it happens, why not sign up for my FREE Real Estate Newsletter by Clicking Here ?

Tuesday, February 9, 2010

Real Estate Investing: Lease Options- Making Phone Calls

Lease Options: Preparing to Call Sellers In 3 Easy Steps

First you have to go through your newspapers, preferably 2 weeks old. Start with the houses for sale by owner, cross out any by Realtors (at least for now). Next go through the houses for rent. . Go online to the major FSBO sites and pull down homes in your area. Remember, with some of the changes these sites have made they provide bare bones information unless you sign up. To save time, just take down the telephone number if provided or address so you have a starting point to make contact with the owner.
Now you are ready to organize your calling. Go through the above lists; be sure you don’t have any duplications.
Check your database to be sure there are no duplications; if you don’t have a database now is the perfect time to start one.
Now you are ready to call, here are the 3 Steps :

--> Get your yellow pad and make up your headings of: telephone number, type of property, price, and notes.

--> Pull out your telephone calling script and start calling. If you get an answering machine, leave your message script for the appropriate type of property. When you get to speak to the seller, ask all of the questions in the script.

--> Remember, you want to build rapport with the seller.

In addition, by using your script you will get all your questions answered before you leave your home office to view the property. If not, you don’t leave your home office. Remember, your time, knowledge and energy are valuable commodities, you will not squander them.

Now you are on your way to making profitable deals, and it was easy as 1-2-3 !.

If you liked the information in this article about lease options, why not check out our Lease Option Home Study Package Click Here

Monday, February 8, 2010

Real Estate Investing: Lease Options

Hello All:

I was asked today what is option consideration in relation to a lease option? Option consideration is the money you collect from a tenant buyer, usually 2%-5% of the agreed upon sales price, which is held outside of escrow, to secure the property. Option consideration is non-refundable and used against the remaining balance owed at closing. Many times proof of option consideration can be used when the tenant buyer decides to exercise their option and make application for financing!

For more information on lease options Click Here .

Until next time.

James Gage

Wednesday, February 3, 2010

Short Sales: Pre-Foreclosure News

Hello All:

New federal guidelines that give lenders a 10-day limit in which to respond to purchase offers on short are in play! Sound to good to be true? Yep, it only applies to banks that have received TARP funds. Also keep in mind that if they do respond to the offer in the 10 day window, plan on a 60-90 day or longer closing date - you will still have to go through the whole process!

For more up to date real estate information as it happens go to
and sign up for our Free Real Estate Investing Newsletter.

Until next time, be well.

James Gage

Saturday, January 30, 2010

Breaking Real Estate News: More FHA Changes

Hello Again:

In my last post I informed you about down payment changes that are coming to the FHA program. I have now received the full changes, and when you thought it couldn't get any worse - think again: Here are the additional changes...

--> Raise the upfront premium from 1.75% to as much as 3%
--> Eliminate the ability to roll in to loans that don't charge up front premium
--> Increase monthly MIP from .55%
--> Reduce seller concessions from 6% to 3%
--> Raise minimum FICO score
--> Possible LTV maximums by FICO score
--> Increase accountability of FHA Lenders for fraud ( this is good!)

James Gage

Saturday, January 23, 2010

Breaking Real Estate News: FHA Changes Guidelines.

Hello All:

I don't think the government can see past their own face! You would think with the housing inventory that's out there right know, that the last thing the government would do is make thinks harder for individuals to get FHA mortgages. But guess what? They have! As of Friday January 22, 2010, this is what they did in a nutshell...

-> To be able to make a down payment of just 3.5 percent on an FHA-insured loan, homebuyers would have to have a minimum FICO credit score of 580, rather than the current 500 FICO outlined in FHA guidelines. New borrowers with less than a 580 score would have to put down 10 percent on a home purchase.

Thanks Washington for making a tough environment even tougher.

James Gage

Monday, January 18, 2010

Foreclosure News

Hello All:

I just got off the phone with a real estate attorney friend of mine that confirmed what I have been telling you, my faithful readers for the past 3 months! What's that you say? That the 3rd wave of foreclosures has begun to raise its ugly head. He said he can't handle the amount of individuals coming to him seeking loan modification/foreclosure help on properties that have first and second mortgages on them (AKA Prime loans). Also, individuals with home equity loans that are in default are starting to become more numerous!
Most individuals have been living off their credit cards hoping to trend water until a turnaround in the economy; but most have run out of time. My attorney friend said the average credit card debt he is seeing is between $50K - $200K; that means we will also see an uptick in bankruptcies!

If this trend continues, which I don't see any evidence it won't, we will see commercial foreclosures sky rocket! Fasten your seatbelts; this is going to be a bumpy ride…
Remember, those who can recognize trends and patterns, and act on them quickly will always make money in any economy.
Until next time be well.
James Gage

Monday, January 11, 2010

Real Estate Investing: Don't forget to apply for your Abatement !

Hello All:

Don't forget to apply for your real estate abatement's before the end of the month! January is usually the month that cities and towns allow owner's of real estate to apply for a reduction/abatement of their real estate property taxes. On real estate have owned or presently own I apply every year. The procedure is simple, go or call your local tax assessors office and request an Abatement form, fill it out in detail and send it in. In about 30 - 60 days you will receive an answer on how much you were given off your tax bill.

The key to getting your request for abatement accepted is how good your reason for abatement is; you just can't say I want a reduction because...
Rather, you have to make an argument for them in order for acceptance, such as :

-> The value of your property has dropped dramatically
-> You purchased the property for less then assessed value
-> The property is not worth what the town or city has assessed
-> The property hasn't been physically assessed for greater then 3 years
-> Use category has changed or is no longer valid

and so on, you get my point.

You may also want to note that you recognize that the assessment is based on the previous year (they always are 1 year behind ), but your argument still holds true.

For more great tips and real estate strategies click here to sign up for our Free Newsletter.

Until next time -be well.

James Gage

Friday, January 8, 2010

Real Estate Investing: Why People Are Not Successful

Hello Everyone:

Here we are beginning another year of real estate, so this month's real estate article will be devoted to starting off on the right foot. We will examine exactly what causes people not to be successful in real estate investing - enjoy and be well.

Why People Are Not Successful In Real Estate

By James A. Gage

Have you ever wondered why most people are not successful in Real Estate or achieve very limited results? All Real Estate techniques and strategies have a learning curve, even Lease Purchasing, AKA Rent to Own which I believe is the only way to control Real Estate. That being said, after you have grasped the strategy or the technique you want to implement - what now! The easy part was learning about the strategy, now comes the hard part which is Negotiating the deal. You can go to all the seminars, buy all the books and tapes on Real Estate investing and still fall flat on your face or come out on the short end of the stick - costing you time and money.

OK, OK if rah rah seminars, boot camps and positive thinking don’t work, what does? What's the SOLUTION?

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Friday, January 1, 2010

Real Estate 2010

Hello All:

Well, here we are 2010! The past year was a great and profitable year for those of us who have taken our real estate investing and negotiating skills to the next level. In the coming year I will share with you, my faithful subscribers, some new strategies and tactics I'm currently using to bring in consistent cash flow in a down economy.

That being said, on behalf of myself and everyone here at Gage Consulting Group may the New Year bring you and yours many blessings and success in all your endeavors.

Happy New Year.

James A. Gage