One of my favorite movies of all times has to be the movie called the "Field of Dreams". The major reason being for having a dominant movie theme of "if you build it, they will come". This theme materializes when a farmer follows his impressions (inspiration) and tears up several prime real estate acres for the planting/growing corn and then builds a baseball field in its place. Afterwards many former deceased all-stars started showing up wanting to play ball on the farmer's ball field.
Our own businesses are like having our very own "Fields of Dreams". But instead of ball players showing up, we have sellers, buyers, investors, and other valuable team players wanting to help us by playing ball on our own fields. And by doing so it gives us many winning seasons to come, starting with 2010!
I'm not very good at writing down my thoughts period. But after 4 days in being a part of the VDF 2.0 family, I say kudos to all those involved in its creation, activation and allowing me to obtain one of the greatest REI tools I'll ever come across. I would also like to thank those that are joining my network of entrepreneurs. I'm looking forward in establishing a successful and fruitful 2010 and beyond by serving and helping each other. Play Ball!
VDF, thank you for making it possible for our own "Field of Dreams" to come true!
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Best Tax Free Strategies
Today we want to share with you how we want to help
you and give you the best tax-free strategies. We
have a new blog post waiting for you.
Please click on the link below or copy and paste into your web browser and check out our new video and blog post below.
http://budurl.com/SabaVideo
Its a short video and it only takes about 2 minutes of your time.
We invite you to take a look around on our blog while you are there!
Thanks and have a Great Day!!
Bill & Sue Avignone
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A Story to Share
We have a short audio story that we would
like to share with you. We believe that it carries a
strong message that many of you can relate to.
Click on this link or copy and paste into your web browser to be taken directly to the story -
http://budurl.com/SabaStory
After you listen to the story, you can go ahead and
get back to us with your questions.
Thanks and have a Great Day!
Bill & Sue Avignone
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Searching for Private Lenders....
Searching for Private Lender/Investors to join my "Investor Arsenal". Have many feasible real estate projects daily cross my desk. I operate as a Private Financial Loan Broker in all areas of the US. I originate many good real estate secured loan opportunities. These loan originations are usually low loan-to-value ratios and offer you a high rate of return with a very minimal risk. I screen all of my clients and require financial statements, tax returns, either appraisals on the property or tax statements showing true cash or assessed value of the property, and I always inspect or have a Licensed Inspector inspect each property and take several pictures. These loan requests are compiled and held in my home office and upon your request, I can send you an investment summary outlining the pertinent data about each loan. If you are interested in being part of my private network of Lender/Investors, please email me for a "Investor Suitability Questionnaire" . Ms. Bynum at BynumInvesting.Consulting@gmail.com Thanks
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AMINO ACIDS
http://www.naturescorner.com/
ADVICE COLUMN
Clyde’s Corner
Q: What amino acids are the essential amino acids? - Layperson
A: You may see conflicting data on this, but to be labeled essential, means the amino acid must be gotten from the diet because the body lacks the enzymes to synthesize these amino acids. Eight are classified as core essential amino acids-Isoleucine, Leucine, Lysine, Methionine, Phenylalanine, Threonine, Tryptophan, and Valine. Seven are classified as conditionally or semiessential- Arginine (essential in infants in which production is not sufficient, but not in adults), Cysteine, Cystine, Glutamine, Histidine, Proline, and Tyrosine(derived from Phenylalanine and essential if not enough Phenylalanine is present for it to be synthesized), and nine nonessential (the body can synthesize these)-Alanine, Asparagine, Aspartic Acid, Carnitine, Glutamic Acid, Glycine, Ornithine, Serine, and Taurine. At one time it was thought that all the amino acids had to be taken in at one meal to synthesize protein, but it has been determined that several hours can pass before the remaining amino acids need to be taken in for protein synthesis to occur. None of the amino acids are stored and must be assimilated daily through the diet.
DISCLAIMER: The information in this column, is NOT intended to diagnose and/or treat any health related issues and is provided solely for informational purposes only. Consult the appropriate healthcare professional before making any changes to your healthcare regime. Even what may seem like simple changes in the diet for example, can interact with, and alter, the efficiency of medications and/or the body's response to the medications. Many herbs and supplements exert powerful medicinal effects. Neither the author, nor the website designers, assume any responsibility for the reader's use or misuse of this information.
© 2002 Nature's Corner
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Lease Option - Rent to Own
Rent to Own or Lease with Option
(also called "RENT TO OWN" or "LEASE PURCHASE")
LEASE With OPTION is a financial arrangement that combines Residential Lease with an Option to Purchase Agreement.
You're leasing a house with an option to buy it at any time during the lease term for the price usually set upfront. Each month part of your rent goes towards the purchase known as RENT CREDIT (You're not throwing your hard earned money away anymore, you're building equity!).
The required down payment is usually 3 to 5%. This is known as Option Consideration.
Both the RENT CREDIT and the DOWN PAYMENT go towards the purchase price and secures your exclusive right to purchase the property during the period of your lease.
LEASE WITH OPTION Advantages
Lease with Option offers you 3 important benefits:
1. Small Amount of Up-Front Cash Required
The amount of Option Consideration (down payment) is around 3 - 5% vs. 10-30% down payment required in conventional purchase. There is no closing costs, which would normally run you around $2K to $4K. Instead, you can have that money working for you.
2. Profit From Appreciation & Equity Buildup (see example below)
By doing a Lease with Option you lock up the price of a home up front. During the term of the agreement the price of the home will not change, even if home values in the area increase.
If you just continue leasing where you are right now, you will likely discover that a year or two from today you will have to pay 10%-15% higher price for the same house you wanted to buy now. Why do that, when you have a Lease with Option alternative?
And not only do you profit from appreciation, you build equity through the rent credits that are given to you each and every month.
3. Time To Obtain the Best Financing
You buy yourself some time allowing you to work on whatever is stopping you from getting a loan today, your weak link. You must correct your credit, build up the down payment, or work up a consistent income from self-employment.
There is no pressure, no rush and you can search for the best financing available. Most lenders will consider Lease with Option as a partial ownership allowing you to "refinance" instead of treating it as a "new purchase" loan. That will save you some fees.
Let's look at a typical example of acquiring a home using the Lease with Option concept:
Sales Price: $ 100,000
Option Consideration: $ 5,000 (down payment)
Monthly Rent Payment: $ 1,000
Monthly Rent Credit: $ 250 (in this example 25% of your rent is credited)
After 12 months you will accumulate $ 3,000 (12 x 250) in rent credits. So your EQUITY will be $ 8,000 (rent credits + down payment) after only 12 months. You will only need to get a loan for $ 92,000 (sales price - equity), which wouldn't be a problem assuming you have paid the rent payments on time and other obligations were paid in timely fashion.
Let's compare this to a house that you buy through a bank. Let's for a moment assume that you have A++ credit and that a bank is willing to give you a loan with only 5% down. So to get in a house like the one in our example above, you would need $5,000 (5%) for a down payment, and you would need $2,500 (2.5%) for closing costs. With a loan at 7%, only about $78 would go towards principal, the rest would be interest, taxes and insurance. So in one year you would have 12 x $78 = $936 towards principal, and your equity would be $5,936 (5,000 + 936). So as you can see you can build more equity with Lease with Option plan ($8,000 vs. 5,936) during the first year and you don't need to spend money on closing costs.
Posted by Alrhody at 1:36 PM
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Multi Family Plays
Multi Family Acquisition.
Are there any investors interested in multi family plays here? If so send me a email of interest.
Regards,
Kirk
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Promise Yourself
to be so strong that nothing can disturb your peace of mind. To talk health, happiness, and prosperity to every person you meet. To make all your friends feel that there is something in them. To look at the sunny side of everything and make your optimism come true. To think only of the best, to work only for the best and expect only the best. To be just as enthusiastic about the success of others as you are about your own. To forget the mistakes of the past and press on to the greater achievements of the future. To wear a cheerful countenance at all times and give every living creature you meet a smile. To give so much time to the improvement of yourself that you have no time to criticize others. To be too large for worry, too noble for anger, too strong for fear and too happy to permit the presence of trouble.
Written by
Christian D. Larson
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