Posts Tagged ‘About’

How do I go about getting a REHAB Loan as a first time buyer?

Monday, August 30th, 2010

Question by Miss. Figuring It Out: How do I go about getting a REHAB Loan as a first time buyer?
I am a first time buyer, and I am finding it hard to find a good home in my price range. I am thinking of maybe buying a rehab house, but I don’t know if it is possible to get a rehab loan as a first time buyer.

I have perfect credit, and I am prequailified for a reg first time buyer loan, but I want to rehab.

Please helpppp!

Thank you!

Best answer:

Answer by Landlord
It is doubtful, as they are harder to qualify for. You also need a much larger down payment, in the neighborhood of 30%.

Add your own answer in the comments!

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Myths About Real Estate Agents

Sunday, January 3rd, 2010

There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, real estate agents are not too out there, and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts.

Myth #1: They have big hair.

Fact: Though occasionally real estate agents do have big hair, most are regular people who get up in the morning just like you do, and go to work just like you do. Many real estate agents, in fact, are going bald due to stress related hair loss. Same with the fancy dagger-shaped manicures; in actuality, many real estate agents have bitten their nails down to nubs.

Myth #2: Real Estate Agents drive luxury cars while talking on their cell phones.

Fact: Itâ??s true that real estate agents are often trying to do too many things at once, but they like to be careful about it. And though real estate agents would like to make a good impression on you, more often than not they drive Hondas and Toyotas and hope that their hard work will sell you, not their Lexus.

Myth #3: Real Estate Agents know your area.

Fact: Just like normal people, real estate agents canâ??t know everything. Though they do spend a lot of time driving around town, they canâ??t be in all places at once, and they themselves probably have preferences for one neighborhood versus another. Make it clear to your realtor what kind of area you want to live in, and they can help you look within that section of town.

Myth #4: Real Estate Agents live outside of time.

Fact: Real estate agents have lives too, and those lives happen to take place in the same physical realm as yours does. While it might seem like they spend a strangely disproportionate chunk of time speaking with you, they are actually trying to be as time-conscious as possible, so that you can move more quickly into your home and they can move more quickly to helping their next client.

Myth #5: Real Estate Agents just want your money.

Fact: What real estate agents actually want is an easy life. They want to help you find a home you love, and they want to make their (often small) bit of commission off of it (and thatâ??s off the sale, not out of your pocket). They do not want your soul or your firstborn, just some patience, consideration, and a positive home-buying experience for all.

Ki Gray is a broker with a long background of helping clients in the Austin market, his site Escapeso Austin Texas Real Estate has a wealth of information about the real estate market and current events in Austin Texas. It also provides a description of the different Austin Neighborhoods.

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Truth About Abs – January Is Hottest Time Of Year For This.

Saturday, January 2nd, 2010

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A New Conversation About Dreams: Who’s Directing Your Life?

Saturday, December 12th, 2009

While aspects of you encourage, “Go for your dreams,” simultaneously other parts threaten, “Don’t you dare.” A cast of
characters lives inside of you and at different times you may receive conflicting or contradictory messages. If you are want
to be happy, successful, and fulfilled, consider putting your “dreamer” in the director’s chair.

What are the voices inside of you saying? As you turn the volume up on the voice of your dreamer and down on the voice of your doubter, you can practice discernment allowing for greater clarity. To assist you in hearing these voices, let’s set up a simple scenario. Picture something you want, something that
matters to you. Choose a personal or professional dream and consider how these various parts of you might respond.

Dreamer – The dreamer inside says, “What if…” and is open to a creative process without over-analyzing it. This is the
part of you that imagines, believes in possibilities, has hope, and seeks kindred spirits. Dreamers talk about their ideas with
intention, clarity, and passion. Great dreamers get others excited about their vision. And most importantly, successful dreamers take action to make their dreams a reality.

Doubter – This voice is often heard saying such things as, “I don’t think this is a good idea.” The doubter provides
concern touting, “But what if…” and imagines the worst. If you crank the volume up it can even become annihilating with accusations shouting things like, “Are you out of your mind?”
William Shakespeare said, “Our doubts are traitors.” Carlos Castaneda said, “In order to experience the magic of life, you must banish the doubt.” My favorite quote on this subject is in The Prophet where Kahlil Gibran wrote, “Doubt is a feeling too lonely to know that Faith is its twin brother.”

Realist – “Be realistic…” Modulate the doubter down a notch or two and it becomes the essential voice of the realist.
This part wants to know, “What’s the plan?” including where is the time and money coming from. However, in the early phase of dreaming, you may not know. The challenge is not to allow the realist to immediately turn into a doubter who might judge or obliterate your idea. Honor this voice by (to the best of your
ability) giving it the information it needs. If you ignore or reject it, it will cleverly agitate or distract you. Being realistic offers prudence and makes you do your homework but if
you are overly realistic or go to strategy too soon, you will most likely compromise the dream and kill your passion.

Visionary – This voice says, “Anything is possible so let’s dream big!” These are the leaders and people we look up to
and admire. They have learned the process of realizing their dreams and embody what it means to be a big dreamer. Setbacks or
failures do not stop them. Simply put, a visionary has a vision and invites others to join them. They are found in all walks of
life and we are often so inspired when they are in the presence of a true visionary that we sign up just to be near them or part of what they’re doing.

A visionary is not defined by the size of the dream since dreams are precious and come in all sizes, shapes and areas of life. If
you were living your dream life, how would it be different? What do you see yourself doing? How many lives would you touch? What would you change? Who would you help if you were truly living as a visionary?

Avoid Sabotaging Your Dream

When these different voices merge they can become muddled and result in confusion and poor decisions. For example, you might
poison your dream by projecting doubt into it. Then with each step you take toward what you want, you also move toward your
doubt. Doubt and fear, which most of us may have at some time or another (especially when embarking on a new or big dream) do not
belong in your dream. These feelings are simply part of your reality. This is a subtle and essential point.

Here’s a simple technique for avoiding this sabotaging pattern. On a piece of paper draw a line across the middle. On the top half write out your dream with as much detail as possible. On the bottom write out your reality in relationship to your dream, where you are now. Reality usually includes good news and (so
called) bad, as well as any fear or doubt you may have. Just state the facts and your feelings about them.

Now, which one are you more committed to; your dream or your reality? We tend to choose “reality” when we don’t have a
clearly defined dream or when we saturate our dream with doubt. If your dream is loaded with your worst imagined nightmares, reality will always seem safer and saner. But doubt placed
appropriately as part of your reality, allows two things to happen. First, no longer blown out of proportion, it’s an obstacle that basically requires a strategy to manage it. But
more importantly, with doubt where it rightfully belongs, you are free to move forward.

It’s like a play. All the characters have wisdom and insight, but you can’t clearly understand them when they’re speaking at
once. Take time to tune in, to listen, and on a regular basis, have the courage to give your dreamer its directorial debut or
even the leading role.

Marcia Wieder, America’s Dream Coach, is a best-selling
author and speaker known for giving inspiring and moving talks
to AT&T, The Gap and American Express. For more information, to
receive a free audio e-book, “Jump Start Your Dream”, or to join
her community of Dreamers, visit http://www.dreamcoach.com.
  • Share/Bookmark

A New Conversation About Dreams: Who’s Directing Your Life?

Saturday, December 5th, 2009

While aspects of you encourage, “Go for your dreams,” simultaneously other parts threaten, “Don’t you dare.” A cast of
characters lives inside of you and at different times you may receive conflicting or contradictory messages. If you are want
to be happy, successful, and fulfilled, consider putting your “dreamer” in the director’s chair.

What are the voices inside of you saying? As you turn the volume up on the voice of your dreamer and down on the voice of your doubter, you can practice discernment allowing for greater clarity. To assist you in hearing these voices, let’s set up a simple scenario. Picture something you want, something that
matters to you. Choose a personal or professional dream and consider how these various parts of you might respond.

Dreamer – The dreamer inside says, “What if…” and is open to a creative process without over-analyzing it. This is the
part of you that imagines, believes in possibilities, has hope, and seeks kindred spirits. Dreamers talk about their ideas with
intention, clarity, and passion. Great dreamers get others excited about their vision. And most importantly, successful dreamers take action to make their dreams a reality.

Doubter – This voice is often heard saying such things as, “I don’t think this is a good idea.” The doubter provides
concern touting, “But what if…” and imagines the worst. If you crank the volume up it can even become annihilating with accusations shouting things like, “Are you out of your mind?”
William Shakespeare said, “Our doubts are traitors.” Carlos Castaneda said, “In order to experience the magic of life, you must banish the doubt.” My favorite quote on this subject is in The Prophet where Kahlil Gibran wrote, “Doubt is a feeling too lonely to know that Faith is its twin brother.”

Realist – “Be realistic…” Modulate the doubter down a notch or two and it becomes the essential voice of the realist.
This part wants to know, “What’s the plan?” including where is the time and money coming from. However, in the early phase of dreaming, you may not know. The challenge is not to allow the realist to immediately turn into a doubter who might judge or obliterate your idea. Honor this voice by (to the best of your
ability) giving it the information it needs. If you ignore or reject it, it will cleverly agitate or distract you. Being realistic offers prudence and makes you do your homework but if
you are overly realistic or go to strategy too soon, you will most likely compromise the dream and kill your passion.

Visionary – This voice says, “Anything is possible so let’s dream big!” These are the leaders and people we look up to
and admire. They have learned the process of realizing their dreams and embody what it means to be a big dreamer. Setbacks or
failures do not stop them. Simply put, a visionary has a vision and invites others to join them. They are found in all walks of
life and we are often so inspired when they are in the presence of a true visionary that we sign up just to be near them or part of what they’re doing.

A visionary is not defined by the size of the dream since dreams are precious and come in all sizes, shapes and areas of life. If
you were living your dream life, how would it be different? What do you see yourself doing? How many lives would you touch? What would you change? Who would you help if you were truly living as a visionary?

Avoid Sabotaging Your Dream

When these different voices merge they can become muddled and result in confusion and poor decisions. For example, you might
poison your dream by projecting doubt into it. Then with each step you take toward what you want, you also move toward your
doubt. Doubt and fear, which most of us may have at some time or another (especially when embarking on a new or big dream) do not
belong in your dream. These feelings are simply part of your reality. This is a subtle and essential point.

Here’s a simple technique for avoiding this sabotaging pattern. On a piece of paper draw a line across the middle. On the top half write out your dream with as much detail as possible. On the bottom write out your reality in relationship to your dream, where you are now. Reality usually includes good news and (so
called) bad, as well as any fear or doubt you may have. Just state the facts and your feelings about them.

Now, which one are you more committed to; your dream or your reality? We tend to choose “reality” when we don’t have a
clearly defined dream or when we saturate our dream with doubt. If your dream is loaded with your worst imagined nightmares, reality will always seem safer and saner. But doubt placed
appropriately as part of your reality, allows two things to happen. First, no longer blown out of proportion, it’s an obstacle that basically requires a strategy to manage it. But
more importantly, with doubt where it rightfully belongs, you are free to move forward.

It’s like a play. All the characters have wisdom and insight, but you can’t clearly understand them when they’re speaking at
once. Take time to tune in, to listen, and on a regular basis, have the courage to give your dreamer its directorial debut or
even the leading role.

Marcia Wieder, America’s Dream Coach, is a best-selling
author and speaker known for giving inspiring and moving talks
to AT&T, The Gap and American Express. For more information, to
receive a free audio e-book, “Jump Start Your Dream”, or to join
her community of Dreamers, visit http://www.dreamcoach.com.
  • Share/Bookmark

10 Things You Need To Know About Buying Foreclosures

Sunday, October 25th, 2009

When it comes to buying foreclosures, every investor needs to be aware of certain aspects that can either make or break their bargain. The appeal of a foreclosed property is often found in the hidden potential that a home is thought to possess, but the fact that it can be purchased at a price that is often far less than the current market value is an equally attractive incentive to most buyers. While foreclosed properties can and often do produce a profitable return for investors, it’s important to keep the following in mind when perusing properties:

- Not every foreclosure is open to inspection. This means that you may or may not be able to view or evaluate the property, and could be required to make a decision based on nothing more than a visual and any information provided in the foreclosure listing.

- If a foreclosed property is open to inspection, it will be up to potential buyers to hire an inspector for the purpose of evaluating any necessary repairs or improvements. This will aid investors in the decision as to how much money they wish to pay for a property by giving them an indication of the work and cash needed to restore it.

- If you plan on buying foreclosures while they are still inhabited, either by the previous owners or renters, you will be responsible for removing them. In some cases, eviction may even be necessary.

- Buying foreclosures means purchasing a property ‘as is’ with no guarantee as to its condition.

- Investors who plan on buying foreclosures from HUD are permitted to enter the bidding process if no person(s) wish to bid as an owner-occupant. The initial phase of a HUD foreclosure auction is open only to those who wish to live in the home.

- Each state handles the process of buying foreclosures differently, but nearly every one offers a redemption period that would allow the former owner to regain control of the property by catching up on payments and interest. Buying foreclosures means that you need to be aware of local laws and how they may affect the ownership of a property.

- If you require financing, it’s important to check with a lender to arrange for a mortgage before placing a bid on a foreclosure. In at least one respect, buying foreclosures is similar to the purchase of other real estate in that the failure to complete the transaction may result in the loss of any earnest money provided.

- Prior to buying foreclosures, or any other type of real estate investment, do your homework. Homes built before 1978 may contain lead paint, which is why it’s important to learn as much as possible about the home’s age and condition, along with other potentially concerning aspects of real estate before signing on the dotted line.

- Successfully buying foreclosures as an investor means knowing the current market value for comparable properties in the area. If you plan to restore the home, you will need to figure in the cost of repairs and calculate a reasonable selling price in order to determine a feasible profit.

- Investors considering buying foreclosures can find local listings through realtors, lenders, the U.S. Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and various other public auctions.

The information contained in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal, financial and/or investment advice regarding buying foreclosures. For additional information, consult an attorney who specializes in real estate and/or financial matters.

To learn more, visit www.buyingforeclosureinfo.com, which offers helpful information on buying foreclosures.
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How Do You Go About Buying A New Home When You Currently Own A Home?

Saturday, October 17th, 2009

My husband (25) and myself (27) had bought our first home (a nice townhouse) about three years ago. The townhouses in my area are already selling for about $30,000 more than what we had bought ours for. We just found this really nice ranch home we love, right across the street from my hubby’s grandmother’s home and my hubby actually knows the man who is selling it pretty well. Anyway, we’re really interested in going ahead and purchasing this home. What are the steps to go about getting a new home. I remember how stressful it was to buy our first home – and that was half as bad, because we were just in an apartment before. So I’m really anxious and have no idea where to begin. Any advice? Thanks!

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The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be!

Saturday, August 15th, 2009

The Millionaire Real Estate Agent: It's Not About the Money...It's About Being the Best You Can Be!

Review
“Keller presents the million-dollar benchmark as a symbol of excellence, rather than a monument to materialism.” — Chris Leporni, Realtor Magazine”The Millionaire Real Estate Agent is the step-by-step handbook for seeking excellence in your profession and your life.” — Mark Victor Hansen, Co-creator #1 New York Times best-selling series Chicken Soup for the Soul(R) and Co-author, The One Minute Millionaire”This book presents a new paradigm for real estate and should be requ
Buy The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! at Amazon

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