Wednesday, December 30, 2009
Monday, November 30, 2009
More time to Flip Properties
The $8,000 Home-Buyer Tax Credit Has Been Extended & Expanded
President Obama signed new legislation extending the deadline for the home buyer tax credit into 2010 and expanding it to include current home owners who are looking to buy a primary residence.
The Basic Requirements
You qualify for the tax credit if the:
- Home you’re buying will be your primary residence
- Purchase price isn’t more than $800,000
This credit is not a loan; it’s yours, but keep in mind you have to live in your new home for three years. If you sell the home in less than three years, you’ll have to pay back the money.
What’s Changed?
With the new legislation, buyers have more time to find a home and more buyers are eligible for the tax credit:
- New deadline: To qualify, you need to be in contract with a seller by April 30th & close on the home by June 30th (The previous deadline was November 30, 2009).
- Not just for first-time buyers anymore: Home buyers who’ve owned and occupied a home for at least five consecutive years during the past eight years are eligible for a credit up to $6,500.
- Increased income limits: Individuals making less than $125,000 and couples making less than $225,000 are eligible (The limits used to be $75K & $150K).
First-time buyers are eligible for a credit up to $8,000 on homes purchased between January 1, 2009 and June 30, 2010. Qualified homeowners can a credit up to $6,500 on homes purchased between November 7, 2009 and June 30, 2010.
Sunday, November 15, 2009
Monday, October 12, 2009
Tuesday, September 29, 2009
Friday, September 11, 2009
Real Estate Automation Strategies to use and become rich
To be successful as an investor (and to make money in the easiest way possible) there are five things you MUST have.Read below to see if you’re using all five of these.
1. Automated Follow-Up Systems -- On average, it takes around five or more contacts before a seller will sell their house to you… so the right follow-up system is critical to your success. To get the most out of your efforts you need a system that will AUTOMATICALLY…(a) follow-up on all of the offers you make… (b) adjust the price of a contract based on the last offer, and… (c) establish a relationship with sellers and buyers -- all working “behind-the-scenes” taking care of your most time-consuming follow-up chores.
2. The Ability To Delegate Your “Busy” Work -- To make the money what you’re REALLY WORTH you need to rid yourself of minimum wage activities and focus on where your time is best spent and most valuable. Most of the work that takes up the bulk of your day can be done using virtual assistants or automated systems. Imagine the time and freedom you would have if you didn’t need to check voice-mails, research properties, place ads, post properties, prescreen leads or any of the daily “grunt-work” involved with running a real estate investing business. All of these chores can easily be delegated.
3. Automated Real Estate Marketing Systems -- Successful investors have systems in place that find truly motivated sellers, do mailings, make and track offers, and that build a list of “hungry”buyers to flip all your properties to. Imagine if you could find all the profit-rich real estate deals you’ll ever want with a few clicks of the mouse… and then quickly sell those properties to a list or rabid buyers waiting for your offer -- all 100% on autopilot.
4. The Ability To Run Your Business From Anywhere -- Did you get into real estate investing to get chained to your business? I didn’t think so. Your business should be virtual with little overhead and flexible enough to work in ANY market. You need a system in place that works WITHOUT you. In this new age of investing you should have the freedom to go where you want, do what you want, when you want -- and your investing needs to adapt.
5. The Ability To Run Multiple Campaigns For Sellers At Once --There are several prime “real estate niches” you can take advantage of in today’s market and if you’re not targeting each one of those niches while real estate is “on sale” you’re missing out on huge opportunity. You need a system that allows you to work in multiplemarkets and keep track of everything -- without spreading you thin.
1. Automated Follow-Up Systems -- On average, it takes around five or more contacts before a seller will sell their house to you… so the right follow-up system is critical to your success. To get the most out of your efforts you need a system that will AUTOMATICALLY…(a) follow-up on all of the offers you make… (b) adjust the price of a contract based on the last offer, and… (c) establish a relationship with sellers and buyers -- all working “behind-the-scenes” taking care of your most time-consuming follow-up chores.
2. The Ability To Delegate Your “Busy” Work -- To make the money what you’re REALLY WORTH you need to rid yourself of minimum wage activities and focus on where your time is best spent and most valuable. Most of the work that takes up the bulk of your day can be done using virtual assistants or automated systems. Imagine the time and freedom you would have if you didn’t need to check voice-mails, research properties, place ads, post properties, prescreen leads or any of the daily “grunt-work” involved with running a real estate investing business. All of these chores can easily be delegated.
3. Automated Real Estate Marketing Systems -- Successful investors have systems in place that find truly motivated sellers, do mailings, make and track offers, and that build a list of “hungry”buyers to flip all your properties to. Imagine if you could find all the profit-rich real estate deals you’ll ever want with a few clicks of the mouse… and then quickly sell those properties to a list or rabid buyers waiting for your offer -- all 100% on autopilot.
4. The Ability To Run Your Business From Anywhere -- Did you get into real estate investing to get chained to your business? I didn’t think so. Your business should be virtual with little overhead and flexible enough to work in ANY market. You need a system in place that works WITHOUT you. In this new age of investing you should have the freedom to go where you want, do what you want, when you want -- and your investing needs to adapt.
5. The Ability To Run Multiple Campaigns For Sellers At Once --There are several prime “real estate niches” you can take advantage of in today’s market and if you’re not targeting each one of those niches while real estate is “on sale” you’re missing out on huge opportunity. You need a system that allows you to work in multiplemarkets and keep track of everything -- without spreading you thin.
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