Financing and Credit

I have done some researce on grants for small business and or housing. It appears that we could get grants for small business ventures such as ours. If this is posible that would give many of us the cash needed to buy the first house at a great deal and flip it or hold it for future income. If anyone has done this or has info on grants or perhaps a trusted web sight im sure many of us in the DG family would love to have it. Thank for your help and reading this. Have a great day!

7 Fast Fixes for Your Credit Scores
I found a great article on some straight-forward advice on things you can do to improve your credit score. No matter where you are now, it helps to begin improving your credit scores. Whether you are working to get your scores up to a level you’ll qualify for a loan or improving the score to minimize your costs on the next loan. The time spent improving your scores can reap great rewards: http://articles.moneycentral.msn.com/Banking/YourCreditRating/7FastFixes...

Article by Liz Pulliam Weston

We had made a offer of $ 48K on on 2/2/2, 1600 sq. ft. house that was listed for $ 80K. It was rejected. A month later there was a REO across the street that got listed for $ 50,350. I called the agent on the 1st house & offered $ 55K to her property, & I would pay all closing costs, doc stamps, title ins., real estate commission, & taxes, if the seller would do 100 % financing. I said I would even have my lawyer draw up the mortgage(this way I could control the language & make it totally assumable). Because of the $ 7K increase on the offer & 6% APR on the loan,(30 yr amorization with balance due in full in 5 yrs.) they went for it...the best part is I can sell it with owner financing and let any buyer assume it...now that's a great marketing tool !

Is assigning contracts legal in Illinois?
Assignments legal in Illinois?

have found some good deals just dont have the credit to get them help please

In spite of decreasing real estate values across the nation, real estate investors continue to come up with innovative ways to make their investments turn out profitably. (YOU BET! That's why we're here on Dean's website).
A powerful method for building real estate holdings is the use of 1031 Exchanges, which lets investors defer capital-gains assessment on investment property by reinvesting sale proceeds into the purchase of new property within a set time period. Though 1031 Exchanges have grown in popularity as the number of active real estate investors has grown (AMEN!), 1031 misperceptions continue. Here are some basic 1031 Exchange questions.

What is a 1031 Exchange?

Home Equity Loans are a potentially money-saving option for homeowners who want to consolidate debt and/or turn some of their bad credit into good credit. The possible tax deductions on home equity loans make them potentially useful for debt consolidation, since other personal and consumer loans typically have no tax deductions and higher interest rates. A home equity loan can also be used for home improvement purposes, and certain tax advantages can apply.

A few of you contacted me indicating that you were interested in learning how to locate Investors and asking if I had any info on the topic; I do hope this is helpful.

A great way to locate private lenders is by using postcards. You can purchase lists of high net worth individuals from mailing list providers (aka LIST BROKERS, I am willing to provide the names a a few of the better, more reputable, well established companies if you wish, simply PM me). On the postcard you can create an invitation for the prospect to call you for free information or to attend an information seminar about your real estate investment business.

How to Use Postcards as a Real Estate Marketing Strategy

One of the most important documents you will ever sign with a private lender is the actual Note that creates the loan obligation. In a typical private lender transaction, you, the real estate investor (borrower), borrow money from a private individual (private lender) and that transaction is documented by a Note and Mortgage.

The Note lays out the terms and conditions under which the private lender is willing to lend you money and under which you are willing to borrow money. The Mortgage is the security document for the borrower's performance under the Note and usually is secured by a piece of real estate you own or are about to purchase.

What Is A Negative Amortization Loan?

Get Rich Buying Real Estate At 30-50% Discounts! Buy Probate Properties At Deep Discounts, With Much Less Competition. -- Heres The Proof. If you want to make the most of your personal or investment real estate, you should consider a negative amortization loan. Mortgage amortization is basically mortgage balance reduction. Consequently, when a mortgage has negative amortization, the loan balance not only is not reduced, it actually grows. So, why should you consider this? Simple. It is a great way to invest money from real estate when you need a little extra cash....remember, CASH IS KING!