Mortgage Rates 2009 - More Speculation?

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Another blogging day I guess. Sometimes I get in the groove and can't stop. Advertising is what produces business.

Mortgage rates in 2009.

1. We don't know the future. Speculation is what got us here.

2. Inflation - More inflation will not solve inflation. We will see...

3. Recession - Create your own economy and success.

4. Gov't action - Gray area

5. Housing market turmoil - Translation - Opportunity!

6. Lending standards - Depends on who is running the system

7. No rush - Depends on your situation. Do your due diligence.

http://realestate.msn.com/article.aspx?cp-documentid=16285436

Watch and monitor the yo-yo string.

Enjoy!

Tony

Leverage IS Everything

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When it comes to starting and sustaining a business or investing in real estate, Leverage is the most powerful tool used to grow the business and your real estate portfolio. There is no reason to do it alone plus you cannot know the details of every little thing so leveraging others makes sense.

What can be leveraged? OPE - Other People's Everything.

• Money - Cash, 401k's, IRA's, etc Time
• Skills - Labor, negotiating, etc
• Knowledge - I think you know my thoughts by now on this subject
• Contacts - and contacts of contacts
• Credit - Bring them in as a partner and give them a percentage of the deal
• Contracts - due diligence

Have these people in place before you get started, more will come along as you grow. This is also part of building your foundation to get started.

What real estate professionals on your team will you need? Skills & Knowledge

• Other Real Estate Investors
• Title Company - One that understands investing closings
• Attorney's - Choose those who are willing to represent your case in court if need be
• Hard Money Lenders
• Private Money Investors
• Appraisers
• Financing Professionals
• Rehab crew
• Realtors - work with those who are educated in investing. Reduces time

You have so many ways to leverage others. Henry Ford was a master at leveraging everything. He focused on producing results while letting everyone else do the thinking for him.

Leverage is key to continued growth!

Tony

Loss Mitigation Dept.

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The Loss Mitigation department does not make the final say on Short Sales. They work the files for Short Sales. The Board Members have the final say on approval of their assets and liabilities. Don't blame the person on the phone. They are simply doing their job and they have no say in the matter, just simply following procedure.

I know some lenders have tighter guidelines for short sales, but you need to be patient and respect the person working your file. These people are so overwhelmed right now that respect for them is not only deserved but demanded. If you don't have the patience for it, don't work Short Sales.

You can continue to plug away at the banks "pain points" to the person working the file if they are still deciding on whether or not to approve the Short Sale. Do it in a respectful way, this will give you bonus points. Ask them politely to relay the "pain points" to the decision makers.

Be Polite!

Be Patient!

Be Respectful!

Follow-up to see if they need anything!

Don't be rude!

Politeness buys you bonus points, rudeness results in them hanging up the phone on YOU!

Tony

School of Hard Knocks - I Laugh Out Loud!

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Show me a business without a product and I will show you business that is no longer in business.

I have seen and heard responses in the past from people who would rather spend their money investing in real estate, not knowing what they are doing, than spend it on OUR education first. Guess what? Failure is high! Well educated investors come in and take over these properties from these people who just jumped in.

Later, these same people say, it doesn't work. What?

It's a SCAM. To the uneducated it is.

You can't do that! You are right, you can't do that, but I can because I'm educated on how to do it.

It will never work. No. You will never work for it until you open your mind to different options...education.

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Would you want your doctor or lawyer to be educated before you see him?

Would you want your architects and engineers to be educated before you walk into a building?

Don't you want to be educated before you invest in real estate?

School of hard knocks or proper education first?

Tony

Complacency = Downfall

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Living high on the hog, complacency because everything seems normal, and, either/or lack of education or refusal to further educate yourself in Financial Literacy is what got us to this point. Now, everyone is dependent on a new administration to make changes and fix everything.

Ladies and Gentleman it is very clear what you need to do.

What is the big issue? Our economy.

What drives our economy? Money.

Why are people not interested in learning about Financial Literacy? Complacency (this has to do with money)

What are you going to do now? Educate yourself on money or HOPE someone else will make it work for you so you can become complacent again....until next time.

Do you see the cycle if YOU don't make a change? You choose here.

Do you want a change or hoping it will work out? Again, you choose here.

You can make a change in yourself, as the parties at be make change. Don't just rely on our government and the establishment that is in place. Do something for yourself. Once you do, it gives you more power to do for others.

Stop being complacent and dependent on the establishment and start making changes inside you! Work together instead of relying alone and depending on our government for everything. If you rely on the government for everything, there is no reason to live in a free society and a free market.

Make a change in you!

Are you ready?

Tony

They ask, Do 401(k)'s still make sense?

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Yes, if you self-direct it and take control of your own money and finances instead of letting someone else do it. Get a third party administrator to facilitate everything for you. I highly recommend American Pension Services. The Co-Founder/Owner teaches at NR's college. He and his staff are a wealth of knowledge. The IRA Retirement I & II classes at NR's college will blow you away.

Does it amaze you they don't talk about other opportunities for controlling/investing your money in the media?

Not me, they don't want you to know!

http://articles.moneycentral.msn.com/RetirementandWills/InvestForRetirement/meltdown-calls-401-k-s-into-question.aspx

Set-up and Retire Smart!

Tony

Pay Increase - 2009 - Very Easy

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If you don't like money, need more money or your bank account is full, please don't read. It will be a waste of your time!

I'm sure a lot of you would like to have a pay increase for 2009. There is a very simple way to go about it.

1. Start a business. Business owners receive income, pay for their expenses, then get taxed. Whereas an employee receives income, is taxed right away then pays for their expenses. This is the main difference between a business owner and an employee.

2. Invest in real estate. You should invest in real estate for the deductions alone. There are some awesome tax advantages as well investing in real estate.

The IRS tax code cites 100 tax advantages for business owners and 300 tax advantages for real estate investors. 400 tax advantages for business owners and real estate investors. This is how the wealthy have built their riches. Business ownership and real estate investing. **Remember the wealthy write the rules, when you know the rules you can play the game.***

If you are a 1099 employee there is a form you can fill out to place your money in a S-corp to relieve yourself from double tax through self-employment tax. I'm telling you, need to go through our education, it is so damn powerful!

I love the opportunity to provide insight on what I have learned at our college. Every article I write is the tip of the ice berg and do not have the time to go into great detail about everything. You really need to see it for yourself and you will be in awe and amazed!

Contact me for more details on how to get started with one or all 3 of our educational products to start increasing your pay now and for years to come.

Happy Pay Increase!

Tony

Health Savings Accounts - HSA's

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Health Savings Accounts are medical savings accounts that provide tax advantages for Americans. You must be enrolled in a High Deductible Health Plan (HDPD) to have an HSA. When you contribute money into your account you are NOT subject to Federal Income Tax.

An advantge to having a HSA is the funds can be rolled over and accumulate if they are not spent. This allows you to grow your account providing more money if you need it for medical reasons because you, the indivdual, owns the account.

Funds from your HSA may be used for qualified medical expenses anytime when needed not having to worry about federal tax liability. If you withdraw your funds for non-medical purposes, then your account is treated like any other IRA. These non-medical withdraws may provide tax advantages if taken after retirement age.

How does this relate to real estate?

HSA's can be self directed and invested in real estate. If you withdraw from the account and put it into real estate you can buy investment property tax deferred. When I was taking Mark Kohler's Tax Class at NR's real estate investment college, he showed us the purchase contract of a house he bought from another investor using his HSA.

Imagine withdrawing $5,000 from your account as earnest money on a property, contracting that property and assigning the contract over to a third party and earning an assignment fee of $10,000. You then put that money back into the HSA, increasing your medical funds. Imagine doing this with an apartment building.

Utilizing the power of an HSA is a fantastic way to grow your personal medical savings account and building funds long term for retirement tax free. Sounds awesome to me! I don't know about you, but I love this stuff and I am glad to have found amazing educators and a system that supports us.

How are your medical savings and retirement accounts doing?

Tony

Real Estate Professionals, Our Education = More Business

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Believe it or not!

You are in the real estate business. Investors are in the real estate business. If you learned and applied our education to your real estate deals, more opportunities open up.

As you know, it is a numbers game. Not every deal goes through. Same with us. But further education enhances your ability to close more deals.

We offer 39 classes on various subjects in real estate that can further increase your business.

Imagine if you introduced your clients to Nouveau Riche's education. If they needed a real estate professional in a transaction, do you not think they would call you? They would remember you because you told them about us.

Also, you have the opportunity to build or continue to build your own real estate investing portfolio.

All it takes is action. Don't listen to those who don't take action.

I came from a mortgage background and when I saw this the first time, I was floored by the endless opportunities for real estate professionals and their clients!

Continued growth or the same old situation?

Tony

Community Communication & Facebook Friends

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I was asked by a new member of Nouveau Riche where he can find my blog. I gave him my URL for this site. He joined NR a month ago and lives in Hoboken / Jersey City area of N.J.

Here is our communication through Facebook. I'm getting friend requests through Facebook from all over the country. NR is growing fast and a lot of individual lives are being changed for the better!

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Hassan: Hi Tony,Where & which websit can I check your blog?

Tony: Hassan,

Go to http://activerain.com/reinvestorsuccess

I hope you enjoy it.

Tony

Hassan: Hi Tony,I don't like it, I love it. Dude you got some serious site there. I really hope that you get some serious response as well. Are you an IT professional. PS.Now I know why your pfrfile pic. is the way it is.I just joined NR a month ago, I've been getting help from various individauls like yourself. I now understand the meaing of NR Community. (I bolded the text)Thanks for your inspiration. Best wishes always.Sincerely, Hassan

Tony: Hassan,

Thank you!

That is what we are here for. To assist others. No reason to do it alone.

I going to use these messages and put it in a blog post tomorrow morning to further show the power of our community.

Direct your prospects to that site or http://reisuccess23.blogspot.com

I will talk to you soon!

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Why do it alone?

Tony

Nouveau Riche's Education Vs. The Competition

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We Rule!

Why? We are taught by Millionaire Real Estate Investors and not actors. We don't push anyone to go to the back of the room to buy our products because we have only a few left. Nouveau Riche knows the power of their education and we do not have to do such a silly thing!

Why would any company traveling to a major city with millions of people bring a limited supply of their product? "We only have 50 available, so hurry." There are 1000 people in the room and you only have 50 available?

Second, They teach one strategy to everyone attending. Half the time they are selling you and not teaching you. You purchase the product and go to 'boot camp' and get up sold half the time to another product/boot camp, and so on, until you have spent $40,000+ on feeling good from them enticing you instead of material learned.

Third, there are no local communities established by these people and everyone is left in the dark once they buy. When they call customer service about a question in the material, they get up sold on the phone. "Well, if you want the answer to that, you need to come to this boot camp."

And on and on and on....

NR wants to know if you are interested in investing in real estate and if you keep your options open when it comes to making money. Who does not need more money? If yes, come to a free briefing, if you like what you see, you can attend more local events and meet other people involved in NR to get a feel for what we do.

Once you purchase the education, you are in the system that supports and assists you. We do not up sell you to anything else. We have 3 educational products, an income opportunity for your investments, and the support system in place for you to succeed. All you need to do is take action.

Phil Lecther teaches the 'Negotiations' class at NR's college. He is the son of Sharon Lecther, who co-authored Rich Dad Poor Dad. In class I asked him why he left the RDPD company to come to NR. He gave me a one word answer....Community! The next time I went to college, he saw me in the hall and yelled out my name and came by to say hi. The NR Community is amazing!

I also heard that a competitor sent one of their workers to our college to see what it was like. The worker left the company and joined NR after their experience! I don't feel I need to say anymore about this.

Our EPIC solution - Education - Properties - Income - Community is very powerful. People have been looking for this for a long time. We have it and we would love to see you join us!

More or more of the same?

Tony