Profit in Real Estate Without a Mortgage

Friday, October 26th, 2007 | Investment, Money, Real Estate | No Comments

The real estate market fluctuates just as the stock market, the bond market, collectibles and just about any other wealth accumulation investment. This means that the opportunities in the real estate market change. Choosing the proper strategy to fit the situation can yield good returns because you are making decisions that work with the specific market conditions. The most accurate phrase in investing is “buy low and sell high.” Most real estate books advise that you make your money on the purchase and receive it in some form at a later date.

The current Phoenix real estate market is providing enormous opportunities to acquire properties at discounted prices. Wouldn’t it be great if you could lock in some great investments at fantastic prices?

One effective way to control a property with limited risk is by using a “lease option.” There are several ways to use this time tested tool to help a potential seller, a potential buyer and you. The safety to the investor is in that he is not tied to a mortgage, doesn’t have to qualify for a mortgage, and can receive a great return within a few years or less.

Gary Keller has sponsored a program with Wendy Patton who wrote Investing in Real Estate with Lease Options and “Subject-to” Deals. If the folks at Keller Williams think there is some merit to this idea, you might want to check it out.

The peak of the adjustable mortgages

Thursday, October 25th, 2007 | Investment, Money, Real Estate, The Economy | No Comments

The Odds of Selling Your Home in the Valley

Wednesday, October 24th, 2007 | Money, Real Estate, Statistics | No Comments

How to evaluate mortgage bail-out programs

Monday, October 22nd, 2007 | Money, Real Estate, The Economy | No Comments

Major considerations: Often, these programs require counseling sessions, which may take too long if you’re in a loan due to reset soon. Some have special requirements, which may disqualify you. You first may have to negotiate with your lender, who may or may not help. The loan terms for which you qualify may be unattractive. Also, investment property or non-owner-occupied property may be excluded.

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Improvement in Mortgage Market Bodes Well for Housing

Saturday, October 13th, 2007 | Money, Real Estate, The Economy | No Comments

Phil found this encouraging article.

Improvement in Mortgage Market Bodes Well for Housing in 2008

WASHINGTON, October 10, 2007 -

Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.

Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales. “Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages,” he said.

Yun said it’s important to place the current housing market in perspective, and that 2007 will be the fifth highest year on record for existing-home sales. “Although sales are off from an unsustainable peak in 2005, there is a historically high level of home sales taking place this year – a lot of people are, in fact, buying homes,” he said. “One out of 16 American households is buying a home this year. The speculative excesses have been removed from the market and home sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates and positive job gains.”

Read the rest of the article at the National Association of Realtors(R)

For more information, contact:

Walter Molony, 202/383-1177, wmolony@realtors.org

The Millionaire Mind

Tuesday, October 9th, 2007 | Investment, Money, Real Estate, Statistics | No Comments

I read a book by Thomas J. Stanley, PhD The Millionaire Next Door several years ago. I described that book as the most exciting boring book I had ever read. I found it exciting because Dr. Stanley had done enormous research on millionaires in the United States and wrote a real stereotype-buster book. The information was extremely insightful. The boring part was that the book was full of statistics. The information was very interesting but I really found little use in the information.

I just finished listening to his The Millionaire Mind. Thank you iPod! This book showed me many of the mistakes I was making in my quest to obtain a satisfactory retirement. This is a must read or listen book for those who are interested in acquiring wealth. Dr. Stanley looks at millionaires and deca-millionaires with an eye on how, when, and where they purchase their homes and make so much money with little risk.

If you find a book or article that you feel would benefit our web site, please send me your ideas. One thing about our society today, is that we have too many places for information and much of is less than completely accurate. This web site can be a gathering place for current important real estate and wealth building ideas and articles.