Hello All:
January home sales are in! Guess what? According to all the media outlets 37% of all sales were foreclosures!! It seems that investors are swooping in and buying up investment property. Is this a good idea? I am often asked that, and to be honest there is no generic answer! It depends on a lot of factors and what geographical area you reside. I would say a good rule of thumb would be if you can get an investment property and make $500.00 or more positive cash flow each month after paying your obligations - pull the trigger.
Some would say they would be happy with $200.oo positive cash flow per month, I say, that would replace 1 hot water heater after installation - get my drift. That's why I love lease options; all the benefits of ownership, without owning the property - it's about control.
Until next time be well.
James Gage
Wednesday, February 23, 2011
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
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.
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
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
www.JGage.com
Click Here to find out !
and in the words of Forrest Gump: "That's all I have to say about that...."
James Gage
www.JGage.com
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: www.NegotiatingForALiving.com
Be well and happy investing.
James Gage
www.JGage.com
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: www.NegotiatingForALiving.com
Be well and happy investing.
James Gage
www.JGage.com
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
For more up to the minute real estate investing news, sign up for our Free Newsletter by Clicking Here
Be well.
James Gage
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