Losing income and declining wages make it increasingly difficult for consumers to keep up with mortgage payments during the recession.

Foreclosures soared as a result, according to RealtyTrac, reaching a record 2.8 million filings last year. In addition to wreaking havoc on consumer morale and finances, this action can also cut hundreds of points off your credit scores and stay on your credit report for seven years.

The number of people in this situation has not decreased, despite the improvement in real estate conditions. Earlier this month, RealtyTrac reported that foreclosure activity increased 7 percent during the first quarter. This has continued into the spring, which in March alone reported a 19 percent increase in submissions over the previous month.

The latest foreclosure market data shows that cities hardest hit by the foreclosure crisis have struggled to recover. Ten of the top 20 cities with the highest foreclosure rate were located in California, while Florida was home to seven more. Nevada and Arizona made up the difference, according to the report.

Las Vegas ranked number one on the list, with the number of foreclosure filings nearly five times the national average. The 298,480 submissions in the first quarter represented a 13 percent growth over the prior quarter, but were 19 percent lower than in the first quarter of 2009.

Still, eight of the 10 meters with the highest foreclosure rates saw a year-over-year decline during the first quarter of 2010, according to the report.

“The declining foreclosure activity in some of the nation’s top foreclosure hot spots in the first quarter is largely the result of government intervention and other non-market influences, and is not a sure sign that those areas are still out of the woods when it comes to foreclosures, “said James Saccacio, CEO of RealtyTrac.

These government efforts include the Affordable Housing Modification Program and the Affordable Housing Refinancing Program. These were released by the US Department of the Treasury last spring to provide distressed homeowners with an alternative to foreclosure. HAMP has allowed more than 230,000 to receive permanent modifications to their mortgages, as reported by the Treasury.

Those who do not qualify for federal assistance can opt for a short sale foreclosure or deed in lieu of foreclosure, which are less financially damaging than foreclosure. However, these alternatives are likely to have the same amount of damage to a person’s credit score.

The power of leverage is possibly one of the most neglected areas for the average person. However, if you look at some of the most successful people around you, one fact will always be very clear; Really successful people fully understand the principle of leverage and use it to maximum effect in their life.

Leverage in real life works much like the “lever principle” in engineering, like using a lever to lift, move, or open an object. How does it really work in real life?

Let’s take a hypothetical example just to illustrate the power of financial leverage. Let’s make a couple of assumptions here to strengthen our case. Suppose you had inside information that ABC Company’s stock price is going to take off and climb 100% in 3 months when they announce a new key product. You also know for sure that real estate prices will go up 50% in the next 6 months. However, you only have $ 50,000 in spare cash in your bank. Where will you put your money?

When you paint this scenario for a group of people I spoke to some time ago, many of them will choose to invest their $ 50,000 in shares of ABC Company. When asked why this was the case, I received various responses such as, “With $ 50,000, I can’t afford to buy a house, so I’ll put it in stock!” or “Shares are more liquid and I’ll get my money back faster!” Almost all the time, there will be more people choosing the stock option, especially when you consider that the stock price will double in 3 months when real estate prices will only go up 50% in 6 months. And this is the case with how most people will think.

Ask a really successful person this very question and the answer will almost always be to put your $ 50,000 in real estate. So how do I buy a house with only S $ 50,000 unless I get a loan from a bank? That’s exactly it, borrow from a bank, financial institution or your friend, but regardless, use the concept of OPM (other people’s money).

Here’s why. When you put the $ 50,000 in shares of ABC Company, you will get a 100% return on investment when the share price doubles in 3 months, that is, your profit is $ 50,000. However, depending on where you are, you only need to put down your $ 50,000 as a down payment for real estate. In some areas, you can make a down payment as low as 5% to 10%. Let’s conservatively assume that we use a 10% down payment. This means that your $ 50,000 could be the down payment on a $ 500,000 house. In 6 months, when the price of your real estate increases by 50%, you would have made a hefty $ 250,000 profit in just 6 months! If your down payment had been just 5%, you would have bought a $ 1 million real estate property and made a profit of $ 500,000 in just 6 months. The picture becomes much clearer when you weigh a profit of $ 50,000 in 3 months against a profit of $ 500,000 in 6 months. By investing in real estate and using the power of financial leverage, your earnings are 10 times more despite a percentage movement in the price of real estate of only half that of stocks.

Why is this so? Well the reason is that in the case of real estate, you have 20: 1 leverage for a 5% down payment (10: 1 if the down payment was 10%) compared to no leverage in the case of Actions. In recent decades, financial instruments such as options and margin trading have become very popular, allowing you to also take advantage of investments in selected stocks.

The above is an example of financial leverage. In everyday life, there are 4 other areas of leverage that we can take advantage of.

First, there is time leverage. In this world, we are all born with different talents. Some are smarter, some are prettier, while some are taller and some are fatter. However, there is only one thing in life that we are all born equally with and that is time. We all have 24 hours a day and approximately 40 years of working life (from 20 to 60 years). So it goes without saying that in order to be highly successful, we must seize time. A factory production line is a good example of time leverage. A worker can only have 24 hours a day. If you hire 10 workers, you basically have 240 hours a day!

The second is the use of knowledge. Successful people almost always don’t know everything. Bill Gates probably doesn’t know what goes on inside his Microsoft Windows programs. However, he has a great vision and takes advantage of the knowledge of this team of programmers to develop Microsoft Windows. Take advantage of your marketing team to market your products. There are hundreds of areas in a company that you need to know about and the job of a successful CEO is to find someone who has the knowledge that you can leverage.

Third, we must analyze the areas of technological leverage. Technology allows us to do things faster and with greater precision than ever. The computer and the word processor are a good example of taking advantage of technology. Before the advent of the word processor, documents were typed and corrections made with slow, cumbersome, and messy correction fluid. The word processor changed all that and is capable of producing professional-looking documents with graphics in less than a quarter of the time of a typewriter. Product robots can assemble a car faster and with greater precision than any human. The internet and mobile phones are changing the way we live, work and play, and we can all do so in a much more efficient way.

Last but not least, we can look at the network leverage area. There’s a saying that goes, “It’s not about who you know, it’s about who knows you.” You can never underestimate the power of networking and “sell yourself and your capabilities.” When successful people have a project on their hands and are looking for the right people to help them achieve their dreams, they will almost always choose those they know to head the top-level managers. They may not know them personally, but at least they will know the capabilities and reputations of the people they hire. Similarly, when you are successful and need to tap into the knowledge of others, you will first look at the group of people within your existing network.

This article serves to highlight the power of leverage and how it can help you achieve the same level of success as many others. Leverage requires you to go beyond your comfort zone, work with people you don’t know well, and think in ways you never thought possible. No successful person did it without leverage. There are many skills to learn on the road to success, but if I have to choose one to be successful, the skill of leverage will be at the top of the list.

Mobile homes need the care and maintenance that traditional homes require. If you allow problems to continue, no matter how minor or major, they will lead to bigger problems in your trailer.

Problems must be fixed as soon as they arise. Remember that proper maintenance is very important to ensure the value of your motorhome and save money in the long run.

When shopping for an RV, the first thing to ensure is accurate installation. Also, you should read the provided manual carefully. Here are some helpful tips to help you take better care of your motorhome.

The ceiling:

1. Use a long-handled brush to remove accumulated dirt from the ceiling. Similarly, snow and ice must be removed from the roof.
2. Never walk directly on the roof. Lay boards about 4 feet long across the roof and put your weight on those boards.
3. Make a good quality covering of the roof, its fasteners, gaskets, vents and edges once a year.
4. If the shingles are lost or broken, replace them.

The ceiling:

1. Use a good quality acoustic ceiling paint to paint accumulated dirt or stains on the ceiling. Cover stains before painting.
2. Use white chalk or shoe polish on ceiling scratches.
3. Use a soft rubber eraser to remove dirt stains from the ceiling.

Wall coverings:

1. Soak a soft cloth in a mild detergent and use it to clean vinyl wallcoverings.

Floor:

1. Before placing anything heavy inside, make sure the area provides additional support to support that weight. You can also consult with a local contractor about the additional support needed for your motorhome.
2. Water is your soil’s greatest enemy. So clean up the water as soon as it falls somewhere. Also make sure there are no water leaks in the house.
3. Hire a professional to replace the old or damaged floor with a new one.

Windows:

1. Use caulk or caulk to fill in window leakage points.
2. Use silicon / graphite lubricant to lubricate the windows.

Frames:

1. If your trailer is made of steel frames, paint it to prevent rust and corrosion.
2. If the frames are scratched or damaged, apply an asphalt primer, zinc chromate, or a good paint.

Doors and Cabinets:

1. Add soap to hot water and clean the doors with it.
2. Apply silicone spray to the hinges to prevent squeaks.
3. Lubricate the locks with graphite.
4. Apply wax to the drawer guides and edges so they move freely.
5. Apply a mixture of boric acid and propylene glycol to eradicate termites.

Gutters:

1. Never let your gutters become clogged with debris and clean them regularly.

Fans:

1. Clean the fan blades once a month. Use a long-handled brush or a damp cloth to clean accumulated dirt and grease from the blades.
2. Lubricate the fan bearings.

Fiberglass Countertops, Fixtures, and Porcelain Surfaces:

1. Use a mild detergent mixed with warm water to clean countertops, porcelain surfaces, and fiberglass accessories.
2. Use chlorine bleach to remove stains formed on porcelain surfaces.
3. Do not place hot utensils directly on porcelain surfaces and use wire racks or hot pads.
4. Use paint to cover any scratches / damage formed on the surface.

Leveling:

Make sure your motorhome is level properly. Some symptoms that show that your house needs leveling are:

1. The doors / windows do not close properly.
2. The floor rises or falls when you walk.
3. Bathtubs, sinks, or gutters are not draining properly
4. There is space between walls and ceilings.
5. Dishes fall off the table or counter.

One of the most frustrating episodes one can encounter is denial of housing. Apartment complexes, which are actually managed by real estate management companies, use a number of factors to determine who should rent and who should not. One of the most common factors they use is the criminal background check. A criminal record can be one of the biggest crowds one can come across in the process of renting an apartment.

The reason apartment communities request a criminal background check is for the safety of the community as a whole in the first place. There is a general consensus that people with a violent past are destined to slip back into their previous destructive habits. The concept of history repeating itself seems to be a prevalent belief in many places when it comes to criminal records and nowhere more than in apartment rental offices.

Another reason that apartment leasing offices conduct a criminal background check is to create the appearance of safety in the community and, in doing so, have the justification to charge more for rent. If a neighborhood or community of apartment housing has a high level of crime, tenants will not want to renew their leases and this means that there will be more housing units that are vacant and that the management must occupy (or run the risk of be censored by the owner). The more housing units that are vacant in an apartment complex, the more it will hurt the bottom line of the management because this lowers the rent.

When conducting criminal background checks, apartments typically focus on felony convictions. Misdemeanors that only carry fines are generally not a cause for concern. If you have a misdemeanor, there is no need to worry, but if it is a felony, it may be denied.

There are two main ways to get an apartment approved if you have a criminal record. The first is to check the nature of your offense and see if you received what is called a deferred adjudication. This is probation granted to first-time offenders and is also known as community supervision. If you were convicted of a misdemeanor and obtained probation, you can go to the county clerk’s office and request what is called a judicial deposition. This is a hard copy that shows the crime, the court that heard the case and the judgment that was entered, and the fact that you have deferred adjudication. The printout also indicates that you have successfully completed community service without any other incident and that you should not be discriminated against when it comes to services. You can take a copy of this document to an apartment manager and in most cases they will approve it.

Another way to get an apartment is to get a cancellation. This is the sealing of your criminal record and can be done depending on whether you are eligible. There is an excellent e-book on the market on how to get an apartment even with an existing criminal record and bad credit, and you can get it at [http://www.simplecreditsecrets.net]

It seems like it’s not important to know your exit strategy (what you are going to do with your home before foreclosure after your offer is accepted) when you first sit down to share your pre-foreclosure information with the seller. and before you sign the Purchase Agreement. But it is not like that.

Important Pre-Foreclosure Information After Acceptance

What you’re going to do with your pre-foreclosure real estate is just as important now as it will be when you get the offer accepted by the bank.

– If you buy the house, where do you get the money?

– If you borrow the money, how much cheaper do I have to get the house to pay back the interest?

– Will you lease / rent or sell the property after rehabilitation?

– Are you going to do the repairs?

– If you don’t want to do the repairs, who will?

– Do you have a list of people who would be interested in buying the house if not?

– Where would you find people who would buy the house if you didn’t?

These are all important questions and you should think about them the entire time you work on the pre-foreclosure track. Once the offer is accepted, you generally have 30 days to close the deal. So time is of the essence.

If you have most of these questions answered and the pieces in place, it’s a lot easier.

We will take them one at a time.

1. Yes, you will buy the home before foreclosure and do the repairs yourself. And you don’t have money, but you have rehab experience.

Buying homes before foreclosure is a great way to build your property portfolio and increase your net worth. You can get the money from a private lender, a hard money lender, or a mortgage company.

Using a Private Lender When Buying a Pre-Foreclosure Short Sale

A private lender could be someone in your family or circle of friends who knows you have done some rehab, is interested in increasing their own income, and believes in you. They may lend you the money at 8% because they currently only get 4.5% on a money market account. Great deal!

It will simply show them that your money will be safe through a first mortgage on the property and that you are buying it less than 70% of the value after repair (ARV) or after its fixed value and fair market value for the neighborhood.

They can lend you the cash directly or from your self-directed IRA (more on that later) where the money is no longer taxable.

Using a Hard Money Lender When Buying a Previous Foreclosure

A hard money lender charges a higher interest rate and usually targets up-front. (Each point is 1% (percent) of the loan amount). They may or may not check your credit, but they usually don’t want this to be their first offer. They want you to have experience in rehab and home buying, so they feel more secure when they don’t know you. They don’t normally ask for a credit report. They are lending because there is equity in the property and will foreclose on the property if you don’t make your payments.

Another way to build trust with your lender is to provide even more pre-foreclosure information. Sign an advance deed with your private lender restoring the property rights to your lender in the event of default. The deed can be preserved with an attorney or with the escrow account of the Title Company if necessary.

Giving your lender options shows that you want to make sure your investment is safe is a great way to keep them wanting to lend you more money!

Investors and home buyers are discovering that the Prudential Real Estate Bank-owned foreclosure listing offers a wide range of discounted homes. Homes in foreclosure are rising in the ranks as the preferred option for buyers as they are priced below market value.

Prudential’s real estate bank’s property foreclosure list covers all types of residential properties as well as industrial and commercial real estate. Regardless of the type of real estate you prefer, the prudent foreclosure list can likely help you locate it.

Bank owned homes are foreclosed properties that did not sell through public auction. The houses are returned to the servicing lender and the banks list the properties through real estate agents. Your primary goal is to recoup your foreclosure costs and prevent future expenses. Banks are responsible for property taxes, insurance, and general maintenance, so they lower the price to attract a quick sale.

Due to the extreme magnitude of bank foreclosures, several million distressed properties are available across the country. Based on the number of homes, it has become virtually impossible for banks to handle the sale of each property. Therefore, lenders enlist the help of local real estate agents to list the bank’s properties, arrange visits, and mediate purchase price negotiations.

Buyers submit offers through Prudential real estate agents, just as they would when bidding on other types of listed properties. Agents present real estate offers to the mortgage lender, who in turn accepts, rejects, or provides a counter offer.

Banks reduce the cost of foreclosed homes to remove toxic assets from their books. The Federal Reserve Bank provides money to lenders based on profit margins. If mortgage funders have a stagnant real estate reward, the amount of money they receive for loans can be discontinued until they are profitable.

For this reason, mortgage lenders are rarely willing to further reduce the sales price of bank-owned homes. Buyers planning to purchase foreclosures owned by Prudential Bank should be prepared to pay the full sale price unless substantial damage is found during the home inspection.

To bid on prudential foreclosure homes, buyers must obtain prequalified financing. Prudent real estate agents can help buyers locate mortgage providers, or buyers can search for lenders on their own. One of the most reliable sources for comparing home loans is BankRate.com.

If buyers can buy bank foreclosures with cash, they may be able to lower the sales price even further. Banks are sometimes willing to lower the price of bank properties when a cash offer is made. Buying houses for cash eliminates the possibility that buyers will not be approved for a mortgage loan and reduces the time required for closing. Many real estate investors buy bank-owned real estate with cash to get the best deal and speed up the closing.

Individuals interested in purchasing foreclosures owned by Prudential Real Estate Bank can review property listings and get contact information for the listing agent at PrudentialProperties.com.

Garage space heaters are designed to make your garage temperature more desirable and comfortable on cold days. Depending on the size of your garage, you can determine the best heater that produces a temperature that suits your personal preferences. When choosing a garage heater, it is vital that you do your research and determine what type of heater will work best for your garage space.

Today, there are several types of garage space heaters, including electric, propane, natural gas, oil, and hot water. Porcelain heaters are also a type of garage heater. It can heat a medium-sized garage room. The downside to these units is that they are not suitable for larger room spaces. They appear to take longer to heat up a room and produce a comfortable temperature.

Forced Garage Heaters with Fan

Generally, fan forced heaters are perfect for heating workshops. The Ouellet 5000 watt utility / garage heater is one such example. This unit is expected to produce BTUs between 12,795 and 17,060. It is made from 20 gauge steel for durability and comes with adjustable louvers and stainless steel heating element. In addition, they have an adjustable thermostat and protection against thermal overheating.

Gas space heaters

These gas heaters can be vented or unvented. Currently, this is the best option when choosing a professionally installed heater. When choosing a unit without ventilation, it is highly recommended that your garage be well ventilated. They can come with infrared. An example of this is the Enerco infrared garage heater. You can heat a garage space with 550 square meters. ft in dimension and is 100% fuel efficient.

Electric space heaters

The popular Dayton L5600 Electric Garage and Workshop Heater falls into this category. These electric space heaters offer up to 19,110 BTUs at 240 volts. It can also heat up to 500 square meters. foot space. It also has an automatic shutdown function to prevent overheating. It is built with high quality materials and incorporated with a lubricated motor.

What is it?

Bibleville is a 40-acre nondenominational Bible conference center in Alamo, Texas, where “Winter Texans” (also called “Winter Volunteers”) share their faith and participate in various activities during the winter months. Although it has mobile home and RV hookups, it is not primarily a mobile home park. His emphasis is ministering to Winter Texas residents and local citizens, many of them Hispanic.

Bibleville can accommodate more than 500 seniors through its 100 connecting spaces and 180 rental mobile home lots. It has an 800-seat auditorium for regular religious services, Sunday schools, Bible studies, prayer groups, Bible and religious conferences, holy concerts and jams, including its own Glory Band, religious entertainment, crafts, dinners, and assorted gatherings for special projects.

However, in 1993 Bibleville merged with the Rio Grande Bible Institute in nearby Edinburg, Texas. The latter is a non-denominational four-year Bible college for the training of Latin American missionaries, which includes the border regions between Mexico and the United States. It was founded in 1946 by a Danish evangelist, MC Ehlert. At first, this university taught in both English and Spanish. But in 1955, it was only Spanish. Provides a yearlong intense Spanish course for non-Spanish speaking students who will serve in Spanish speaking countries. Therefore, Bibleville encompasses both Latin American ministries as well as its own ministries for the Winter Texans and local citizens.

Can anyone stay there?

Yes. Anyone 55 and older can request to stay there and spend 28 hours a week doing missionary work during the winter months. However, the park wants applicants who are Christian with references. Additionally, anyone serving on the park board or in certain leadership roles there must commit to 15 full Articles of Faith in writing.

How much are connections and rentals?

Through Internet sources, about $ 250 per month for six months.

What are the specific missions of Bibleville?

His missions are to help, to be useful and to be charitable. These can include cleaning, sewing, cooking, house keeping, and handicrafts such as mowing the lawn, trimming trees, plumbing, electrical, and various types of repairs, as well as collecting food and goods to donate to areas in need.

Do these Winter Texans participate in Latin American ministries?

Probably not, or rarely. Retired winter and senior Texans generally don’t have the time or energy to take four years of college or take an intensive language course that requires passing an aptitude test. However, they can serve locally or in impoverished areas along the border and elsewhere as mentioned above.

Can Winter Texans take the year-long Spanish course alone?

Not really. This course requires the missionary commitments assigned to the university itself. No one can take this course just to learn the language.

Is there something about this park that stands out for people who are not familiar with it?

Yes. Bibleville’s holds five or more free Bible conferences in its auditorium each year between January and early March. These weekly lectures are given by renowned doctors and ministers from various parts of the continent. Attendees also come to these evening lectures from all over. The only cost for out-of-town visitors is room and board. Winter Volunteers who live in the park can attend as many as they want.

This park also has at least nine religious or gospel concerts open to the public on Saturday nights during this period. These concerts are talented traveling musical or theater groups. Cost: offer of free will.

Conclusion.

Bibleville is definitely Bible oriented. Even its streets have biblical names. In addition, it offers a useful purpose for those “snowbirds” who want more out of their winter valley life than entertainment and relaxation in hot weather, although they can do so at their leisure. God uses everyone.

There are a few distinct benefits and also some definite downsides to keeping mice as pets. They are easy to care for, do not last long, and are easily stored in a small space. However, they are also nervous, do not last long, and in many cases, they are not very interactive.

Mice can live quite content in a 10-gallon aquarium with a mesh lid or a cage of similar size. They need a plate of food, a bottle of water, a place to hide, and maybe a wheel to run and / or a block to chew on. Some kind of sand should be placed in the bottom of the cage to absorb urine and usually only needs to be changed once a week.

The urine of mice is quite itchy, especially that of mature males. This can be mitigated a bit by keeping only the females or by cleaning the stains from the cage daily or every other day. But mice generally smell something, so if you hate the smell, maybe another pet or no pets would be better for you.

The lifespan of a mouse is not very long, usually only between a year and a year and a half. This can be difficult if they become beloved pets, but it also means they have less commitment. This makes them good pets for children who are old enough to be responsible but may lose interest in a year or so.

Food and sand for a mouse or two are not very expensive. They are small and don’t eat much, and they don’t need a lot of sand for their cages either. However, veterinary care for your mouse will not be much less expensive than for a cat or small dog, especially since you would need to seek out an exotics specialist.

A lonely mouse is not likely to be happy, because they are deeply social creatures. However, they are shy enough that it is difficult to get a mouse with a companion to bond with you. In general, the best are two babies or adults who are already friends, because they will bond with you and yet appreciate each other’s company. Always choose two of the same sex.

Interaction with a mouse is limited. People can hold them and sometimes let them run around desks or other secure areas, but care must be taken that they do not leak. And older mice that are not yet domesticated can be difficult to handle. However, people who primarily enjoy watching their pets run and play will greatly enjoy having a mouse or two.

By: Robert Shemin, ESQ. (2002)

ISBN 0-7931-4825-1

Book Price: $ 28.95

Outstanding real estate investor

Robert Shemin is a nationally recognized landlord expert in the US and is a Wall Street Journal bestselling author who became a millionaire in his 30s by investing in real estate. Shem earned a law degree and an MBA from Emory University, Atlanta. He has gathered more than 450 real estate deals and owns 100 properties.

Sharing their secrets

Robert Shemin offers 12 chapters that share their millionaire homeowners secrets. It talks about getting started as a landlord (Chapter 3), finding good tenants (Chapter 5), collecting all the rent, all the time (Chapter 7), keeping good tenants (Chapter 9), evictions. .. how to avoid them (ch. 10), how to protect your interests with insurance (ch. 12), and more.

Solid, practical, experiential advice

Robert Shemin is personable and concise in his presentation; Sharing valuable keys freely while broadcasting your trip, saying, “The first thing I learned about tenants … Most think they are not treated very well. They don’t like their landlords … this is all spelled” great opportunity. ” .. a viable plan includes treating tenants as valued customers. “

Robert’s information is practical; he has learned principles from experience. Following their rules should lead to success. He expresses: “I am very much in favor of low-cost duplexes and two-bedroom houses for the highest profitability. They have lower start-up costs and lower maintenance costs … they are easier to rent in a recessionary economy. .. investigate “.

When Shemin gives advice, he presents himself in a relaxed manner. He shares about ideal tenants, saying: “… the best tenants are the people who are older and who … are likely to stay in one place and live quietly … they target … the elderly “.

Robert displays positive business characteristics that are transferable to all businesses to achieve success. He advises: “To prevent tenants from leaving, establish a Tenant Retention Program that is based on how you treat them, a theme throughout this book and throughout the business … We also provide rewards when they move out. .. “

Shemin defines the terms before addressing them. He introduces, “” Rent to own “means that the tenant rents his property with the option to buy it … I think it is always better to go for the rent to own / lease option with houses and duplexes … “

Proven Strategy for Success in Real Estate

Robert Shemin presents a viable and proven strategy for successful real estate investing for homeowners.