OfflineI was wondering if Dean does any joint ventures with his Academy Students? I am aware that there are many sites out there where the owners help their students to get started by funding their first deal and splitting the profits.
I appreciate any input you can give me.
I've been trying to get back on my feet since my 30yr marriage ended and currently working as a bird-dog, since I'm unable to get approved for a mortgage.
Most banks want a pre-approval letter when making an offer on a property.
I have contacted several homeowners, on more than one occasion, that have received notices of default, with no responses.
A motivated student.
__________________
LORICT
Dean has went into some deals with students that have found success. But you do not need it, trust me you can make it if you follow all of the tools Dean gives us in his site and books. If you don't have money start off assigning contracts. Also go to a local re meeting and try to find yourself a hml. Another thing you can do is find a good deal where the owner will give you financing for a year or more, this way during that time you will have time to try and rebuild your credit. You do have many options. Don't give up and you will make it.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Thanks for all your suggestions Jeremy...I am determined to find a way to succeed.
Lori
LORICT
If you are determined then there is no doubt that you will make it. It is just a matter of time. Good luck and we all look forward to hearing your success story in the future.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Hello everyone: My Question is that if you are a first time home buyer could the government stimulus plan tax credit be used to purchase a home that is in forelosure? I am a native of Las Vegas, and as you know we lead the nation in home foreclosures.
Also How do I go about doing this, and what is the first step into getting it done. I have ordered Dean's books have yet to receive them but was just curious as how to use the government to purchase homes.
I know that there are also free GOV grants out there for people who want to purchase property and repair them for sell. I lost my job about six months ago and is living with a friend, I just need a BAIL-IN to get my feet back in the door. Any help would be greatly appreciated.
Thank you in Advance'
It would be a good idea to talk with your lender. They should know all the terms and conditions required for the tax credit. Yes you could purchase a foreclosure. It may be the reason a specific property is on the market but does not necessarily affect its saleability. What is more important is the properties ability to meet the requirements of your specific loan product.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Hi,
I think a true HML will be my answer! If i am wrong about local banks being HML also,Please share!
Thank-you.
Invest in yourself!
FIRST OFF A REIA IS A REAL ESTATE INVESTORS ASSOCIATION (REIA) FOR SHORT.
you have one up in Cromwell CT. at the Crowne Plaza on Berlin road WWW.CTREIA.COM. THAN MERRILL is actually a member. THAN MERRILL AND PAUL ESADJIAN HAVE been on A&E'S "FLIP THIS HOUSE". imagine meeting someone like that and being able to talk to him at a meeting. Awesome !!!!! I am so excited for you. you have a REIA in your own backyard.
Imagine being in a room with hundreds of real estate investors and professionals. They range in experience from brand new to over 30 years of experience. At the monthly meetings, you can:
Network with companies who provide services specifically for real estate investors, like mortgage companies, contractors, insurance companies, etc
Network with other investors!
Find your next rehab deal
Find someone who wants to buy your wholesale deals
Get advice on a challenging situation you are dealing with
Get motivated to take your career to the next level
Hear about success stories from other members
Remind yourself to get off your couch and get into action
Re-focus on your goals for financial wealth and freedom!
and much more!
you can build your buyers list from this meeting. you will meet mortgage brokers, REALTORS, (who understand investor thinking) everybody you need on your team.
When is the Monthly Meeting?
3rd Monday of the month
Networking from 5:30 to 7:00pm
Mini-seminar – 6:15 to 6:45
Main program – 7:00 – 8:30pm
Where is the Monthly Meeting?
Crowne Plaza Hotel, Cromwell
100 Berlin Rd. Cromwell, CT 06416
Lori I hope you understand what a gold mine this is I WISH YOU ALL THE BEST in all your Endeavours. keep us posted.
HOPE THIS HELPS
WALT
Hi Rosefield from what I've been studying up on HML their mostly private entities; they do operate like a bank if they're doing more conventional lending meaning you have to qualify & have collateral vs them lending base on the property's FMV and/or ARV and LTV that you're looking to get from them. You'll also have to find out which type of properties they lend on like here in Atlanta the one HML I talk to doesn't lend on Condo/Townhouses or Multi-family nor on Owner-Occupied homes. They are not regulated like Bank of America, Wachovia, etc. You want to have a sound understanding of their terms and what you have pay to do a deal with them. I hope that helps. Have a good evening.
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
As always, when a new member joins, it bring joy to the family. Lori remember, Rome was not built in a day and as Dean says, this is not a get rich quick scheme. It's about going out there, getting the best deals, using one of many strategies, locking up a deal and profiting in real estate. You have made one of the best decisions in life by joining this site in your REI quest to success. Good Luck.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.