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?
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Be well.
James Gage
Showing posts with label real estate investing training real estate mentor. Show all posts
Showing posts with label real estate investing training real estate mentor. Show all posts
Tuesday, September 28, 2010
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
Happy 4th of July to you and yours, and don’t eat too much BBQ.
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
www.JGage.com
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
www.JGage.com
Thursday, October 22, 2009
Breaking Real Estate News: Foreclosures
Breaking Real Estate News....
Wall Street Journal is now reporting that a 3rd wave of foreclosures are poised to flood the housing market as early as the end of the month!
As I have been saying over the last few months this 3 rd wave of foreclosures will drive housing prices down again, but in turn will open up unbelievable opportunities for creative real estate investors.
Stay tuned for more info as I mull through it...
Be well.
James Gage
Wall Street Journal is now reporting that a 3rd wave of foreclosures are poised to flood the housing market as early as the end of the month!
As I have been saying over the last few months this 3 rd wave of foreclosures will drive housing prices down again, but in turn will open up unbelievable opportunities for creative real estate investors.
Stay tuned for more info as I mull through it...
Be well.
James Gage
Tuesday, October 6, 2009
Foreclosures up in August
Hello Again:
Breaking news again!! For those who have said that opportunity has dried up in the foreclosure investing arena - then listen up! Foreclosures nationwide for Aug 09 are up 18% over last year at this same time frame according to Realty Track! August 09 foreclosure filings 358,000 - I think there maybe some opportunity there, do you?
Be well.
James Gage
Breaking news again!! For those who have said that opportunity has dried up in the foreclosure investing arena - then listen up! Foreclosures nationwide for Aug 09 are up 18% over last year at this same time frame according to Realty Track! August 09 foreclosure filings 358,000 - I think there maybe some opportunity there, do you?
Be well.
James Gage
Short Sales: U.S. Treasury set to finalize home "short sales" plan
Hello All:
Here is breaking news on short sales: http://news.yahoo.com/s/nm/20091002/bs_nm/us_treasury_foreclosures_plan
Be well.
James Gage
Here is breaking news on short sales: http://news.yahoo.com/s/nm/20091002/bs_nm/us_treasury_foreclosures_plan
Be well.
James Gage
Tuesday, July 14, 2009
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
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
Saturday, June 6, 2009
Real Estate Investing: New Appraisal Regulations Under Fire
On May 1, the responsibility for managing home appraisals has moved to a middleman, known as appraisal management companies or AMCs.
Under new federal regulations, mortgage brokers and loan officers can’t directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
But critics of the new plan say nobody is watching the AMCs.
The new rules have transferred the improper influence problem to these appraisal management companies, which are not regulated by anybody.
The marketplace is still vulnerable to appraiser pressure because the incentives are still there to get deals done and collect the fees,”
Federal housing officials, who helped write the new laws, say they will hold AMCs accountable.
Under new federal regulations, mortgage brokers and loan officers can’t directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
But critics of the new plan say nobody is watching the AMCs.
The new rules have transferred the improper influence problem to these appraisal management companies, which are not regulated by anybody.
The marketplace is still vulnerable to appraiser pressure because the incentives are still there to get deals done and collect the fees,”
Federal housing officials, who helped write the new laws, say they will hold AMCs accountable.
Thursday, May 28, 2009
Real Estate Investing: Why The Up Tick in Foreclosures?
Hello All:
You may be asking yourselves why foreclosure filings are accelerating again? The answer is simple; when President Obama took office in January of this year, most mortgages companies place a moratorium on foreclosures. What this means is that until they figured out what he was going to due about a potential rescue plan for home owners, the best course of action would be to place everything on hold.
Now that the President has revealed his plans, the moratoriums have been lifted and the foreclosures have resumed. Truth be told the President's plan hasn't really helped the majority of individuals facing foreclosures, due to the fact that it is a voluntary program for the banks and mortgage companies.
In my humble opinion if they wanted to really help people facing foreclosure they would have passed the "Cram Down Provision" which would have allowed bankruptcy Judges to decide the fate of individuals facing foreclosure.
You may be asking yourselves why foreclosure filings are accelerating again? The answer is simple; when President Obama took office in January of this year, most mortgages companies place a moratorium on foreclosures. What this means is that until they figured out what he was going to due about a potential rescue plan for home owners, the best course of action would be to place everything on hold.
Now that the President has revealed his plans, the moratoriums have been lifted and the foreclosures have resumed. Truth be told the President's plan hasn't really helped the majority of individuals facing foreclosures, due to the fact that it is a voluntary program for the banks and mortgage companies.
In my humble opinion if they wanted to really help people facing foreclosure they would have passed the "Cram Down Provision" which would have allowed bankruptcy Judges to decide the fate of individuals facing foreclosure.
Friday, May 8, 2009
Real Estate Investing Tip: RE Radio
Don't forget to tune in tomorrow morning to XM Satellite Radio, Channel 169 @ 9:45 AM, EST "Mind Yo Business Radio Program w/ Brian Higgins" I will be his guest, and we will be discussing what's happening with real estate investing across the country...
Thursday, April 23, 2009
Real Estate Investing: March Housing Numbers
Hello Everyone:
March 09 housing numbers are in! Existing home sales are down 3% over Feb 09 sales, with foreclosures up 49% over last year at this time.
Hot spots for foreclosures: Las Vegas, NV , Florida, Charlston, SC and IL; in fact 1 out of every 22 homes in Vegas are in foreclosure - scary!!!
That being said, now is a great time to get involved in lease options, it's the ultimate escape clause with control without ownership! For more information on lease options please visit : http://www.jgage.com/rent-to-own.htm
Be well,
James Gage
March 09 housing numbers are in! Existing home sales are down 3% over Feb 09 sales, with foreclosures up 49% over last year at this time.
Hot spots for foreclosures: Las Vegas, NV , Florida, Charlston, SC and IL; in fact 1 out of every 22 homes in Vegas are in foreclosure - scary!!!
That being said, now is a great time to get involved in lease options, it's the ultimate escape clause with control without ownership! For more information on lease options please visit : http://www.jgage.com/rent-to-own.htm
Be well,
James Gage
Wednesday, February 25, 2009
Real Estate Education Tip: Who do you listen too?
One of the most important questions you have to answer for yourself as you build your real estate investing business is who are you going to listen to and learn from?
This is especially true now with so many real estate investing gurus/coaches vying for your attention and screaming “me, me, me!”
I have found that there are 3 types of “teachers & trainers” in real estate investing, and only one type is always worth following:
Type 1 - Someone who has read a book or gone to a seminar on a topic, has never successfully done it, and is now going to teach you how to do it. I recommend my RLH response here: Run Like Hell!
Type 2 - Teacher has successfully done what you want to learn, is going to teach you, but is no longer doing it. Approach with caution: while you might be able to learn some good tips and strategies, you will be learning what got them where they are, not what they are doing right now to be successful. You won’t learn leading edge new stuff.
Type 3 - Teacher has successfully done what you want to learn, is going to teach you, and continues to do what is being taught. With this kind of teacher you get it all: what got them to where they are, what they are doing now to continue to grow, and what are the new next steps and strategies to keep you moving forward.
This is the kind of teacher with whom I will spend my time and money. By the way type number 3 has been my One-on-One Mentoring philosophy for over 20 years!
My recommendation: Learn from and follow only those who have done it, are teaching it, and continue to do it in their own businesses every day.
If you agree with my philosophy why not check out my mentoring program at :
http://www.JGage.com
This is especially true now with so many real estate investing gurus/coaches vying for your attention and screaming “me, me, me!”
I have found that there are 3 types of “teachers & trainers” in real estate investing, and only one type is always worth following:
Type 1 - Someone who has read a book or gone to a seminar on a topic, has never successfully done it, and is now going to teach you how to do it. I recommend my RLH response here: Run Like Hell!
Type 2 - Teacher has successfully done what you want to learn, is going to teach you, but is no longer doing it. Approach with caution: while you might be able to learn some good tips and strategies, you will be learning what got them where they are, not what they are doing right now to be successful. You won’t learn leading edge new stuff.
Type 3 - Teacher has successfully done what you want to learn, is going to teach you, and continues to do what is being taught. With this kind of teacher you get it all: what got them to where they are, what they are doing now to continue to grow, and what are the new next steps and strategies to keep you moving forward.
This is the kind of teacher with whom I will spend my time and money. By the way type number 3 has been my One-on-One Mentoring philosophy for over 20 years!
My recommendation: Learn from and follow only those who have done it, are teaching it, and continue to do it in their own businesses every day.
If you agree with my philosophy why not check out my mentoring program at :
http://www.JGage.com
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