Archive for the ‘Real Estate’ Category

Success in Real Estate

Sunday, May 18th, 2008

Nouveaurized.com is a new blog featuring dozens of success stories from alumni students of the popular real estate investment college, Nouveau Riche University.

Nouveau Riche University offers a wide variety of over 30 real estate investing and business related classes including short sales, wholesaling, fix & flip, business financial management, foreclosures, retirement plan investing, buying out of state deals and more.

If you do a quick search on Google for “Nouveau Riche” you would get several results that reference to Nouveau Riche scam.

Nouveaurized has compiled various success stories from Nouveau Riche University students who have attended the Nouveau Riche University, quit their day jobs and have closed on numerous properties to created wealth and debunk claims of the Nouveau Riche scam.

There are testimonies stating that they got $21K in immediate built-in equity with a $120 monthly positive cash flow. Another testimony claims that he now own 8 properties and has gone full time as a real estate investor and for the last three months have generated over 80 thousand dollar and then there is even another one who made $110,000 in a month which used to be the same amount that he earned in a year..

Is Nouveau Riche University a Scam? It is too good to be true? I leave that decision to you.

4 Deck Cleaning and Staining Myths

Sunday, May 4th, 2008

Myth #1: Cleaning and staining a deck is not something I can do myself.

You might have to devote a little bit of your time but you can definitely do it yourself! You’ve work hard to build that wonderful home that you have right now so why not spend a little more time maintain it yourself and save money in the long run. You just need to know the proper way to do it just like to professional deck cleaners do.

Myth #2:  Decks have to be stained every year to stay looking good.

This doesn’t really apply to all wooden decks as it really depends on what type of wood was used. It still boils down to getting the staining process done properly and at the same time using the right materials from Restore-A-Deck.com so you wouldn’t need to be staining your deck every year.
Myth #3:  You need a pressure washer to properly clean and prep.

Having one is good but with Restore-A-Deck you don’t really need one. You can just use a simple deck brush and garden hose.
Myth #4:  New construction does not need to be cleaned before staining.

Just because it is a new construction doesn’t mean that you don’t need to clean it before staining. Your decks are exposed to mold spores during construction. And there is also the mill glaze phenomenon which makes the wood of your deck impenetrable by the stain.

Drop by Restore-A-Deck.com and check out their deck stains and cleaning solutions as well as more tips on how to maintain your wooden decks.

Online Real Estate School

Sunday, May 4th, 2008

The real estate industry isn’t doing that good in the US right now. Property owners won’t be getting as much as they could if they sell their properties now. Some could no longer afford to pay their mortgages which later on lead to foreclosure. There are some that couldn’t pay their taxes for their property so the government garnishes their property.

So probably you would say that investing in US real estate is not a good idea at the moment. Well… it really depends. One person might see that as a problem but another person might see it as an opportunity. Some real estate heavy hitters would readily jump into current real estate market buying properties left and right since this would be the best time to buy because the price is low. These are usually the people who somehow have enough money to invest and stay with it long term either by just having the place rented out, fixing it up and wait months and even years for the market to recover and sell the property at a profit.

There are lots strategies you can use if you want to get into the real estate business either as an investor or an agent. For investors, these are the times when short selling might not just work. Short selling used to be very effective back then when the real estate condition was still at its peak. Short selling involved scouting for and buying a good property with potential, fix a few things here and there, then sell it in just a matter of days and weeks. Some people have easily made anywhere from US$10,000 to US$50,000 to others as much as US$250,000 through short selling. But then again this might not work with the current state of the real estate market.

Nouveau Riche is French for “newly rich”. These are people who became rich not because they inherited their wealth. Nouveau Riche also happens to be the name of a company based in Scottsdale, Arizona who does specialized training via their Nouveau Riche University for those who would want to get into the real estate business in the US.

There has been a lot of feedback on Nouveau Riche’s program. There are some who have high praises with their program and that it had helped them a lot while there are also others that commented that the whole program is scam or a rip off.

So if you want to get into the real estate business and want to know the tricks of the trade of the industry, you might want to attend one of their free seminars that orient you about their program. Then decide for yourself whether their program will be suitable for you or not.

Mortgage Finders Network

Monday, April 21st, 2008

Mortgage Finders Network

Mortgage-mart.com has been online since 1995 and has been helping people find the mortgage that best suits their needs. They specialize in finding mortgage loans regardless of which state or city you are from and get lower mortgage rates at the same time.

They share some things that you should consider when comparing mortgage loans:

  • Rates - Check to see if the quoted rates are the lowest for that day or the week. Is the rate fixed or adjustable? If it’s an adjustable rate loan, be sure to ask how it will affect your loan payment.
  • Points - These are broker or lender fees for the loan. One point is equal to 1%. Ask for these points to be quoted in dollar amount so you will know exactly what you will have to pay.
  • Fees - They are everywhere from transaction fees, loan origination, underwriting, broker, settlement, to closing cost fees. These fees are negotiable so make sure to discuss the fees included in the loan with your lender.
  • Down Payment - Many lenders offer mortgage loans where less than 20% of the home purchase price, but there are some lenders who require at least 20%. You may be required to purchase a PMI, Private Mortgage Insurance, if a down payment of 20% is not made. This is a protection most lenders make in case the loan defaults.

You can browse through their various services whether you are after a home purchase, home refinance or equity line. You can also select either single family, multi-family, condo, town home or mobile home type of property. You can event select by based on you credit rating whether you have excellent, good, fair and even poor.

Check out Mortgage Finders Network if you are on the lookout for offers on mortgages as they can provide you a one stop where you can browse and compare different financing options that will fit your needs so you can enjoy living in your wonderful home.

REO Renegades Home Study Course

Saturday, April 19th, 2008

Yes, your eyes aren’t deceiving you. It really is REO and not SEO for Search Engine Optimization. So what on earth is REO? REO simply refers to Real Estate Owned by banks after foreclosure.

It’s no secret, the real estate market has changed. Foreclosures are up 115% over last year and industry analysts predict that this is only the tip of the iceberg. The Mortgage Bankers Association of America has predicted that there will be 2.2 million foreclosures in 2008, that’s more than double the number of foreclosures in 2007. Many industry experts predict that there will be millions of foreclosures over the next 6 years while the real estate market struggles to recover.

The numbers are absolutely staggering and financial institutions nationwide are scrambling to find agents who understand REO (bank foreclosure) to list and sell their foreclosed properties

With that in mind you should also consider that one’s loss is also another’s gain. As such not treat this as a problem but instead look at it as an opportunity.

How to do REO bank owned properties? That is just one of the many questions that the REO Renegades Home Study Course will answer. This REO training showing you a step-by-step system for listing and selling bank foreclosures!

REO home study course will teach you tried and tested strategies used to get started in this lucrative business niche quickly and avoid making costly rookie mistakes.