Wells Fargo May Loosen Credit Requirements

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Wells Fargo May Loosen Credit Requirements Wells Fargo is looking to reenter the subprime mortgage market by lowering its standards of acceptable credit scores for borrowers. Wells Fargo is the largest U.S. mortgage lender, and a move back into the subprime market may signal a sizable shift in the mortgage lending environment. »READ MORE

Good to see that a successfull Investor Remembers how it was getting started

Who Wants to Own a 36-Unit Multifamily Deal in Charlotte?

 

I just got off the phone with an old client of mine. He started working with me when he didn’t own any multifamily units and now he has over 1,000. He has appeared as one of my ‘Sharks’ at the last event and many new investors have contacted him about sponsoring their next deal. It was a win-win for everyone. He is all set to come to my Baltimore event on Feb. 28 – March 2, 2014 and act as a shark but this time, he is going to be the one offering a property. Here’s what he said:
“Charlie, I have a 36-unit property in Charlotte, NC. One of the first deals I ever purchased and it is time to sell. How about I present it to your group and we will do what it takes to make it happen for one of the investors in the room?”
Earnest money deposit? We’ll handle it. Sponsorship? We’ll resolve it. Contract drafting? Done. Getting the buyer approved? Whatever it takes. Having experts walk you through your first deal? Priceless!
You see, he remembers what it is like to get that first deal done and he is more than willing to help someone out to get started in this business.

Multifamily_Shark_Tank_Crop

So here’s what you have to do: 1. Register for the Baltimore event.( Sorry Anaheim, no guarantee that I will have an offer like this one). 2. If you are still one of the first 25 enrollees you will get my home study course worth $1,497 ABSOLUTELY FREE. 3. Come to Baltimore (hotel information on the website) and get your story ready.
That’s it. Hey, this is a great opportunity for someone looking to just get started. The size is perfect. The market is perfect and the terms are highly negotiable (I will help you with that).
Sign Up Now. No excuses. Take Action. See you in Baltimore.

 

 

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How To Increase Your Sales and Decrease Your Advertising In 2014

How To Increase Your Sales and Decrease Your Advertising In 2014
2014 has already proven to be a year of economic growth. Without taking the stock market correction of nearly 1,000 points in January into consideration, you can already see a steady uptrend in February. What does this have to do with business? Most people don’t realize that the stock market plays a major role in the growth of the economy and vice versa. Take a look at jobs for example: When the government announces an increase in job hires, the stock market immediately goes up, but when the government announces a bad holiday shopping season, the stock market immediately goes down.
“I Believe 2014 Is Going To Be A Great Year for Small Businesses”
The issue with small businesses having a great year is the waste they create. Once a small business owner sees the potential sales, they start throwing out thousands in advertising dollars to see “what works” and “what doesn’t work”. They fall into the trap of the “advertising expert” telling them that they have to go into a publication for at least five months to see what the results can be. This is the worst method of advertising and can do nothing more than take away profit from a business. The question one should be asking is not “should I advertise or not” – no matter what a business needs to advertise. The question is “what should I spend my advertising dollars on”. There really is no direct answer to this question. The method of advertising (direct mail, newspaper, magazine, etc.) depends on the industry you serve.
To Read The Full Article and Learn How To Increase Your Sales – Click Here

NAHB Leading Market Index Edges Higher in February

NAHB Leading Market Index Edges Higher in FebruaryThe National Association of Home Builders released new figures from their Leading Markets Index (LMI), revealing 58 out of approximately 350 metro areas have either returned to or exceeded their last normal levels of economic and housing activity. The index’s nationwide score registered at .87, meaning economic and housing activity is running at 87 percent of normal levels. »READ MORE

Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle

 

Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle

Pro Teck Valuation Services released on Tuesday January’s Home Value Forecast (HVF), a measure of single family residential markets. The company ranked Long Island as the strongest market in the nation, citing its small share of foreclosures as total sales and its comparatively low housing inventory. »READ MORE

New Rules Mean New Worries for Some Mortgage Brokers

 

topStories Wednesday, February 05, 2014
New Rules Mean New Worries for Some Mortgage Brokers
The new year has brought a potentially scary new regulation for many mortgage brokers from the Consumer Financial Protection Bureau. The policy, which took effect in January, has caught the eye of many in the industry because it puts into place some pretty tough – though confusing and debatable – standards that might impact …Read More >