Everything Else

So, hello! I am 30 years old and married with two kids. I am currently in the US Navy and like most living paycheck to paycheck.

While the pay is decent, the time away from my family is NOT. Plus I have acquired more debt than I would like to have so its time to step out and find other means.

Hence why I am here!

Heres to hopefully a successful future in real estate.

Im just wondering what frustrations you all have with your local REIAs and if you have found a better solution for networking.

It seems to me like its just a bunch of tire kickers except for maybe 2 or 3 people per REIA.

It seems to me like there is alot of "sales pitchyness" and most of what is being "taught" I already know from one book or another.

So has anyone else had this type of experience?

...I'm gonna be honest here. I feel like the value I get from attending REIA events is little to none and I wish to change that. So right now I am finding out if there is demand for some kind of system that we could use to rate REIAs.

Maybe use some metrics like:
Sales Pitchyness.
# of members
Knowledge of memebers
# of relationships that ACTUALLY resulted in deals.

Wealthy of the World Real Estate Holdings Reported

While the European rich hold 31% of their wealth in real estate, in America it’s 19% or private wealth invested in real estate. U.S. wealthy have $5,328 billion of $27,770 billion in real estate.

January 10 New Mortgage Rules
Lower income home buyers could have more problems going forward due to new mortgage rules just implemented. Now a Qualified Mortgage must meet three requirements:
• Lenders must do more to assess the borrower’s ability to repay the loan. In general, the debt-to-income ratio must also be 43% or less.
• Make loans easier to understand and not hide risky features like negative amortization or interest-only payments.

In 2013 there were 5.1 million previously owned home that sold. This is acording to an article I found on cnnmoney.com. This is also the highest level of home sales since 2006, and up 9.2% from 2012.
The avarage price for a home was $197,100 which is up 11.4% from the previous year. The report says a tight supply of homes have kept the prices on the rise and there is currently less than a 5 month supply of homes available.
Another thing they site is that the percentage of distressed home fell as well (meaning homes the are reo's or short sales). 14% of homes sold in Dec. were distressed, and that is down about 9% from the previous Dec.

RealtyTrac reports that foreclosure filings in 2013 were at the lowest annual rate since 2007. This is good news on the surface and for most areas. However, the same report tells us that overall foreclosure activity increased in 10 states last year. Scheduled foreclosure auctions in judicial process states were the highest in three years.
In RealtyTrac’s Year-End 2013 U.S. Foreclosures Market Report, we learn that an aggregate of 1,361,795 default notices, scheduled auctions, and bank repossessions were filed during the year. That’s down 26 percent from the 2012 level, and 53% below the peak in 2010. The last time filings were this low was in 2007 when they were at 1.3 million. More data points in the 2013 report include:

I cant find investors in here Western Kentucky, I will take minimum for partners.

If your not in the game then luck, karma, help from above or any other guiding light will help you !!!! You need to start taking action with the knowledge you have NOW. Don't wait until just the right time !!! The time is now. What am I talking about ?
For the second time in just a couple yrs I was just GIVEN a mobile home. Yes GIVEN
you say wow your lucky ... That never happens to me . We'll of course it doesn't if nobody knows you are an investor. Get those business cards out,attend rei meetings, attend auctions and do marketing, marketing,marketing. GET IN THE GAME

I've heard great things about the folks on this website and I hope that I can learn and contribute some of the things I know as well.

Always working on a couple of properties as I pursue every lead I can. Persistence always pays off as the pipeline of leads must be constantly refilled.

is on my main webpage which you can see by clicking on my website link below.

in Febuary. This is the Short sale I have been working on.