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What do you Expect From The Real Estate Market In 2014?

2014-01-15T13:14:00.000-06:00

Seven years have passed since the worst housing market crash in United States history triggered a global financial crisis. Lehman Brothers declared bankruptcy, and a host of other banks came close to joining them before being rescued in a series of shotgun mergers and acquisitions, the largest of which included Bank of America – Merrill Lynch, JP Morgan Chase – Bear Stearns, and Wells Fargo – Wachovia. Alongside bailouts and a beleaguered stock market, home prices continued to fall, foreclosure rates increased, and by the end of June 2010, it was estimated that nearly a quarter of all U.S. homeowners were underwater – a situation when a home is worth less than its outstanding mortgage. In the years since the crash and financial crisis, the housing market has been making a slow – and bumpy – recovery.

The Slow and Tenuous Recovery

During the first quarter of 2012, an unsettling 31.4% of homeowners were underwater. Since then, however, about 5 million homeowners have been freed from negative home equity, thanks to rising home prices. Although that still leaves as many as 10.8 million – or 21% – of homeowners underwater as we approach the New Year, the number is expected to continue improving as the real estate market and broader economy continue to improve as well.

The housing recovery has struggled against disruptions to the broader economy. As we approach the end of 2013, Frank Nothaft, vice president and chief economist with Freddie Mac noted, “We’re likely going to see the housing recovery slow down, but not shut down, as we close out the rest of this year due to tight inventories in many markets, rising mortgage rates and slumping consumer confidence.” Looking to 2014, Nothaft said, “Fortunately, the housing recovery should continue to absorb the economic shocks in stride and improve next year.”

In addition, there is expected to be a shift in the coming year from a refinance-dominated mortgage environment to one driven by purchases – for the first time in over a decade. “With the close of 2013 will also come a major transition in the housing finance industry,” said Nothaft. “For the first time since 2000, we’re going to see the mortgage market dominated by purchase activity as the refinance share drops below 50%. And with mortgage rates rising, we’re also going to see the home-sales gains as well as the impressive house price growth begin to moderate to more sustainable levels.”

In the third quarter of this year, lender-initiated foreclosure action fell to the lowest level since the second quarter of 2006, according to foreclosure listing firm RealtyTrac, Inc. About 120,000 homes nationwide were taken back by lenders during this year’s third quarter, putting the country on track to end the year with about 507,000 completed foreclosures – down about 24% from 2012 numbers. The number of foreclosures reached a high in 2010 at 1.05 million, and since then rates have been declining.

As the housing market continues its recovery, we can expect a few things to happen in 2014:

House prices will continue to rise, but at a slower rate than 2013.
As home prices rise, more homeowners will emerge from being underwater, putting them in the position to finally buy and sell properties.
Mortgages will be dominated by purchases rather than refinance activity, for the first time since 2000.
Higher mortgage rates will slow home sales and price gains to more sustainable levels.
Low inventories will be helped by an increase in new construction and a decrease in investor purchasing.

To read the rest of this article...go to http://www.investopedia.com/articles/personal-finance/122013/what-expect-real-estate-market-2014.asp

REAL ESTATE BIRD DOG OPPORTUNITY

2014-01-14T16:02:00.000-06:00

REAL ESTATE

BIRD DOG

OPPORTUNITY

Earn $1000 TODAY

For each property you refer to us that leads to a completed transaction!

FPM Development LLC

we buy, sell and lease homes, the right solution is our 1st priority

888-698-7295

www.FPMhoustonhomes.com

Info@FPMhoustonhomes.com

Hello!

You’re holding in your hand (or reading on your computer screen) a document for an exciting program . . .one that has helped others—and may help you—earn extra income with a minimum of time, hassle, and stress. It’s called “real estate bird dogging.” The concept is simple:

You locate distressed properties and/or distressed owners. You send us information about the property. For each new qualified lead you send us that results in our company (or someone we assign our contract to) being able to complete a successful settlement, we’ll pay you $1,000.

You send us the lead. We do the work. You get $1,000 when our contract settles.

You’ll find in this document:

♦ A summary flier

♦ A guide sheet that describes in more detail what we’re looking for.

♦ A lead submission form that you can fax or e-mail back to us every time you get a

lead.

♦ An Independent Contractor Agreement

♦ A Form W-9 that the law requires if we pay you more than $600.

You can spend as much (or little) time as you want being a real estate bird dog. Often, it’s not even spending time. You may run across distressed properties in your own neighborhood . . .on your way to work . . .or while visiting a friend. You may hear about distressed owners when you’re talking with friends or co-workers . . .visiting with neighbors . . .or even at the supermarket! All you have to do is send us the information and we take it from there. For any deal we can close, we’ll pay you $1,000.

Go to or e-mail us with any questions.

Start sending in those leads TODAY!

Earn Easy Money!!!

UGLY HOUSE = $$$$

We will pay you $1,000 for any property that you tell us about and we purchase.

We need your eyes and ears as you go about your normal daily routine.

All you need to do is keep an eye open for vacant or run-down houses. It only takes a few minutes to write an address down and tell us about it.

We buy properties everywhere, so don’t be afraid to tell us about them. The more you submit the better chance you’ll have of earning $1,000 on each closing.

Go to www.FPMhoustonhomes.com (click “Bird Dog Opportunity”), for more information and complete instructions.

or e-mail BirdDog@FPMhoustonhomes.com.

Bird Dog / Scout Guide Sheet

$1,000 Finders Fee !!!

What we want:

We want you to find properties or owners that are DISTRESSED. Distressed means that there is a problem or situation that might allow us to buy a property for less than market value.

We need you to keep your eyes and ears open for potential opportunities. Let us know when you see a distressed property or hear about a distressed owner. We’ll pay you $1,000 if your information leads to us purchasing the property.

Where to look:

Anywhere in the Houston metro area. We primarily operate in Houston and all surrounding areas. We also buy properties Dallas, Austin and San Antonio.

What to look for:

As you walk or drive around a neighborhood, keep your eyes open for the following:

♦ Vacant Houses

♦ Boarded-up Houses

♦ Grass or Yard Overgrown

♦ Drain pipes not connected to gutters

♦ “For Sale by Owner” signs (no Realtor signs)

♦ Run-down or dilapidated houses in nice neighborhoods

♦ Mail piling up

♦ “For Rent” signs

♦ Broken windows

As you talk to people, keep your ears open for the following:

♦ Bankruptcy / Foreclosure / Behind on mortgage payments

♦ Death / Probate / Inherited property

♦ Divorce ♦ Tired landlords

♦ Evictions

♦ Neighbors complaining about house

♦ Relocating on short notice / Job loss

♦ Any circumstance that might require a quick sale

How to do it:

Any time you are out and see or hear of something that might interest us, let us know. That minute it takes to jot an address down could be worth $1,000.

If you can, take a digital picture of the house and any other part of the house that you can see.

Make a game of it! Try to do so many a day. The more leads you send us, the greater chance one will earn you $1,000. Keep your eyes and ears open for opportunity!!

Go to www.FPMhoustonhomes.com (click “Bird Dog Opportunity”), for more information and complete instructions.

or e-mail BirdDog@FPMhoustonhomes.com.

LEAD SUBMISSION FORM for Bird Dogs / Scouts

Date ______________

Instructions: Gather as much information as possible. Leave anything you do not know blank. The more information collected, the greater the chance of successfully purchasing the property. Properties with Realtor signs are not of interest.

Fax this completed form to 888-698-7295

Email digital pictures to: BirdDog@FPMhoustonhomes.com

Scouts Name___________________________ Phone _________________ Fax ___________________ Email __________________	How did you find this owner or property? ______________________________________ ____________________________________________________________________________
Property Address: ______________________________________ City ___________ State ______ Zip ________ County _______________________________ Property Owner’s Name: _____________________________________ Owner’s Contact Information: Home ___________________ Work ____________________ Cell ____________ Best Time to Call ________	Owner’s Motivation (circle all that apply): Vacant - Owner Occupied - Tenant Occupied Boarded Up - Poorly Maintained - Condemned For Sale by Owner - For Rent - Distressed Owner Divorce - Foreclosure - Bankruptcy - Probate Death of Owner - Job Loss - Relocating - Ugly House - Pretty House Other:__________________________________ ______________________________________

Property Information:

Beds _______ Baths _______

Style ____________________

Garage _____ Levels _______

Units _______ Basement ____

Off-street Parking? _________

Age: New 10-30 30-60 60+

Neighborhood rating (1-10)____

Improvements needed

_________________________

Major Problems____________

Condition Ratings:

E = Excellent G = Good

F = Fair P = Poor

Curb Appeal ________________

Exterior ____________________

Yard ______________________

Roof ______________________

Garage ____________________

Interior ____________________

Windows ___________________

Kitchen ____________________

Baths _____________________

Overall Rating ______________

NOTES:

OFFICE USE ONLY:

Contact attempted on _______________________

Owner reached on _______________________

Call back on _______________________

Property inspected on _______________________

Offer made on _______________________

No action due to _______________________

NOTES:

INDEPENDENT CONTRACTOR AGREEMENT for Real Estate Bird Dogs / Scouts

THIS AGREEMENT is made and entered into as of the _____ day of ________, 20___, by and between FPM Development LLC ("Company"), a Texas Limited Liability Company having its principal office at 2450 Louisiana St. Ste. 400-201 Houston, Tx 77006 and ______________________________ (hereinafter called "Contractor”) who resides at ________________________________________________________________.

Terms and Conditions

1. Services To Be Rendered: Contractor shall render to Company real estate scouting services which includes, but is not limited to, locating properties for the business use of Company, locating abandoned and/or unwanted houses or small apartment buildings, and locating ‘motivated sellers’ needing to sell their properties quickly.

Contractor shall render all services as an independent contractor and shall not be considered an employee of Company for any purpose, including but not limited to eligibility for Company benefits or compensation or other rights and privileges afforded to employees of Company. Any and all insurance that Contractor may desire shall be obtained and provided by Contractor without cost or other obligation to Company. Contractor shall be held liable for its own actions while in pursuit of leads. Company will not intervene on Contractor’s behalf in case of injury or damages while performing in accordance with this agreement.

Contractor shall not modify any provisions of this Agreement without the prior written consent of Company.

2. Responsibilities: Contractor shall provide, at its own expense, its own transportation and equipment and any associated costs to maintain them. The following equipment is the minimum requirement:

1. Transportation

2. Digital Camera

3. Map of assigned area(s)

4. Access to the Internet (to forward photos upon request)

Contractor shall submit leads to Company using the ‘lead submission’ form or other acceptable method. Leads may be submitted by telephone, fax or email.

3. Term: The consulting services provided under this Agreement shall be performed, when required by Company, during the period of one (1) year from the date of execution of this Agreement. Nevertheless, it is understood and agreed that Company may terminate this Agreement and the services provided hereunder at any time and for any reason prior to the completion of this term. If Company terminates this Agreement prior to its completion, Company shall be liable only for work performed by Contractor prior to the effective date of the termination. This Agreement may be terminated without prior notice upon the breach of any provision or obligation thereof by the non breaching party.

4. Payment: Contractor shall be paid One-Thousand Dollars ($1,000) for any new qualified property lead that results in Company and/or assigns being able to complete a successful settlement on identified property. A qualified lead is any property that Company is not already aware of.

5. Notices: All notices required or permitted pursuant to this Agreement shall be deemed given if and when personally delivered in writing to the party or its designated agent or representative, or if and when mailed by United States Mail, registered or certified mail, return receipt request, postage prepaid, and properly addressed. All notices shall be addressed:

To Company: FPM Development LLC 2450 Louisiana St. Ste. 400-201 Houston, Tx 77006

To Contractor:

Each party may specify a different address for receipt of such notices by giving the other party at least fifteen (15) days written notice thereof.

6. Indemnification: Contractor shall defend, indemnify and hold harmless Company, its officers, employees, and agents, from any and all damage, losses, obligations, liabilities, claims, deficiencies, costs, and expenses of every nature and kind incurred by Company that are in whole or in part caused by or alleged to be caused by acts or omissions of Contractor, its officers, employees, agents, subcontractors, and lower-tier subcontractors arising out of or relating to Contractor’s work under this Agreement.

7. Applicable Taxes: All taxes applicable to any amounts paid by Company to the Contractor under this Agreement will be the Contractor's liability and Company shall not withhold nor pay any amounts for federal, state or municipal income tax, social security, unemployment or worker's compensation. The Federal Employer Identification number or Social Security Number for Contractor is ________________________.

Contractor will be responsible to report any earnings received to the IRS. Company will report any paid income over $600.00 to the IRS on Form 1099.

8. Headings: The headings included herein are inserted only for convenience and reference and in no way define, limit, or describe the scope of this Agreement or the intent of any of its provisions.

9. Applicable Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland.

10. Entire Agreement: This Agreement supersedes all written or oral agreements, if any, and constitutes the entire Agreement between the parties with respect to this Agreement. This Agreement may be modified only by the express written consent of both parties.

11. Severability: If any provision of this Agreement shall be determined to be illegal, invalid or unenforceable, the re- maining provisions shall remain in full force and effect.

12. Survival: The provisions of paragraphs 1, 6 and 7 shall survive completion or termination of this Agreement.

13. Execution of Agreement: IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

FPM Development LLC CONTRACTOR

Signature: Signature:

By: By:

Title: Title:

Date: Date:

Form W-9 (Rev. 1-2005) Page 2

Form W-9 (Rev. 1-2005) Page 3

5 Ways Wood Plantation Shutters Will Add Value To Your Home

2013-12-28T19:19:00.000-06:00

LISTEN UP!!:

5 Ways Wood Plantation Shutters Will Add Value To Your Home

Wooden shutters not only add elegance and sophistication to any home, they can also increase the value of your residence. They are an economical choice in window coverings that may cost a liitle bit more upfront than some other options, but the slightly larger investment can be a beneficial addition when the time comes to put your home on the market for sale. There are at minimum five ways in which wooden plantation shutters can increase the value of your home.

The main selling point is that they are more energy efficient than other window covering options. They can help to reduce energy bills by keeping the hot or cold weather from making its way into the home.
Another selling feature that home buyers adore about wooden shutters is simply the appearance. With Shutters, your home has the LOOK!! Once upon a time, plantation shutters were only on the homes of the rich, and to this day, even though they are now affordable, many still have the same general sense that window shutters add a rich elegance to a home.
Shutters are a permanent feature; they are like furniture for the home’s windows. Unlike other options, these are permanent fixtures in the home and will not need replacing, which is a huge advantage in the eyes of potential home buyers. Don't even think about threatening to take your Shutters when you sell the house. Just Leverage the LOOK!! Women LOVE shutters! Men love to please their wives!!
Window shutters are also low maintenance and require little to no upkeep. Wooden shutters may require a coat of paint every few years in addition to regular cleaning.
In addition to the above, what makes wooden shutters so appealing to potential home buyers is the custom, perfectly created look. They are considered a home addition, thus adding value to the homes’ worth, therefore making any upfront expenditure worth it in the end.
So, if your thinking of buying Shutters, stop delaying and call a professional today to take massive action on a great decision!! www.fpmhoustonhomes.com

ALERT!! LOW INVENTORY IN HOUSTON REAL ESTATE MARKET!!

2013-12-23T16:46:00.000-06:00

Houston’s inventory of homes for sale dissipated to its lowest point ever in November, pushing home prices higher and giving would-be homebuyers a itty bitty selection of houses to choose from.

The Houston Association of Realtors reports the supply of homes for sale in Houston area dipped to 2.9 months in November. It was the lowest supply number since the association began tracking the inventory statistics in 1996.

With the holiday season in full swing, the inventory could drop even lower in December, traditionally the slowest month of the year. Many people who want to sell their homes wait till the first of the year to list it for sale because they are having guests and holiday celebrations.

Houston’s housing market has been on in unprecedented rally, registering 30 consecutive months of increasing sales.

“The first full week after the holidays in January, our phones will be ringing off the hook,” says veteran Realtor Amy Bernstein of Bernstein Realty. “A lot of sellers are sitting on the sidelines waiting to put their homes on the market in January.”

The traditional holiday slowdown appeared to be dragging down the market in November. A total of 5,108 homes sold last month, up only 3 percent from 4,943 homes sold in November of last year, according to the Realtors association. The 3 percent gain over November 2013 was one of the weakest gains reported in the last two years.

“It does not come as a surprise that the Houston housing market is showing signs of slowing down,” says HAR chairman Danny Frank with Coldwell Banker, United Realtors. “There simply isn’t a plentiful supply of available homes out there.”

November’s inventory of 2.9 months, which indicates how long it would take to sell all of the homes on the market at the current sales pace, broke the record set in October, when there was a 3.1 months supply. The peak was an 8.2 months supply in June of 1996. A year ago, the supply stood at 4.1 months.

The upshot of today’s microscopic inventory is upward pressure in home prices. Houston’s median home price was $181,000 in November, up 8.7 percent from November of last year.

Houston’s housing market has been on in unprecedented rally, registering 30 consecutive months of increasing monthly sales.

Living Large

The upper price brackets continue to perform exceptionally well. Homes priced at $500,000 and up reported a 23 percent increase in sales.

“The upscale market did not disappoint us as it has outperformed 2012,” says Cheri Fama, president and chief operating officer of John Daugherty Realtors. “Indicators point to an equally strong market in 2014 with companies moving many employees to Houston and buyers choosing our city for the amazing amenities and attractive cost of living.”

"I have every reason to believe 2014 will be equal to 2013. I don’t see any sign of a slowdown.”

Houston’ exceptionally strong job growth and low mortgage rates have been continual supporters of the housing market surge. In the last two years, 30-year fixed-rate mortgages have dipped below 4 percent, the cheapest home loans in 50 or 60 years. And mortgages, although they have risen somewhat to around 4.5 percent, continue to be low when compared to the norm over the last 25 years.

However, mortgage rates are expected rise in 2014 and the Houston’s job growth is expected to moderate slightly next year. Houston will have to emerge from the holiday season for the housing market outlook to come into clearer focus. Although some may debate how long the winning streak can last, all agree Houston’s housing market has been outstanding in 2013.

A national survey of home builders released this week by the National Association of Home Builders showed that builders are reporting significant activity at year end. Builder confidence looking forward to 2014 is much higher than expected.

For the Houston area, with major job creation announcements in December — Exxon Mobil and GEICO insurance both say they will both add more than 1,000 employees over their current Houston workforce — the local housing market is set for a healthy future.

“Everybody seems to be very bullish,” Bernstein says. “I have every reason to believe 2014 will be equal to 2013. I don’t see any sign of a slowdown.”

How they pulled off the largest deed scam in Harris County history | Newswatch | a Chron.com blog

2011-05-09T11:03:00.000-05:00

How they pulled off the largest deed scam in Harris County history | Newswatch | a Chron.com blog

Southern Belle Giving the mortgage companies hell in court-No Foreclosure here!!

2011-04-21T10:50:00.000-05:00

Depending on your point of view, the story of Patsy Campbell is hilarious or frightening. This 71-year-old Florida retiree has kept lenders and lawyers at bay for 25 years while she got her case thrown out of court time and again for the smallest legal missteps. Is she a little David throwing pebbles at Goliath or is she exploiting the legal system to avoid paying what she legitimately owes?

By all appearances, Patsy Campbell seems like something out of a folk tale. Her home is shaded by large trees and protected by a locked gate and her pit bull Dodger. Her boarded-up windows, run-down pool, and rusty sedan remind a person of a modern-day Southern Norma Desmond from Sunset Boulevard, and like Norma Desmond, Patsy Campbell has proved that she is not a person to be trifled with.

The story of the mortgage from hell begins in 1978 when Paul Campbell used a $68,000 mortgage from First Federal Savings and Loan of Martin County to buy a house, and two years later, he married Patsy. Their wedded bliss was sadly short as Paul died later that same year from emphysema. For four years, Patsy made mortgage payments, but in 1985, she got sick and fell behind on her bills.

In the late 80’s and early 90’s, things got a little more complicated. Patsy’s mortgage was sold several times over to various failing lenders from First Federal to First Fidelity Savings and Loan to American Pioneer Savings Bank. The mortgage changed ownership seven more times before getting to Commercial Services of Perry who is currently trying to collect from Campbell. Considering other lenders’ track records, however, Commercial Services of Perry should not underestimate Campbell.

On paper, Patsy Campbell is an easy win in court. She is an elderly former insurance saleswoman with no legal training or background who has chosen to represent herself in court. Despite it all, she has found every loophole, missed technicality, and overdue deadline. If they forgot to dot their i’s or cross their t’s, she caught it. She claims that so many mistakes were made in transferring her mortgage from one lender to another that her debt is void and she doesn’t owe the lenders anything. She told Wall Street Journal’s Robbie Whelan that, “If they had a case, they would have already won it, years ago.”

Readers, we want to know what you think. Is Patsy Campbell a nuisance and a “burden on the courts” as the lender’s lawyer has claimed, or is she just using every legal loophole (as the banks and lenders have done in the past) to get what she wants? Comment below and tell us what you think!

Chicago Brokerage Tries Groupon for Real Estate Promotion

2011-04-11T08:51:00.000-05:00

Posted by Carole VanSickle on Friday, April 8th 2011
Groupon, the popular social coupon network that offers discounts on everything from salsa lessons to information technology consulting is branching into real estate with its latest offer, $1000 cash at closing to homebuyers who purchase a $25 Groupon[1]. The brokerage has limited the number of vouchers available to 50, and the coupons can be used for traditional home purchases or on distressed properties, and primary owners and investors are eligible for the discount. Furthermore, the transaction must be at least $150,000 to qualify for the deal.

The brokerage that has launched the Groupon deal defines itself as an “emerging company” that has “focused on its web presence and search engine optimization.” President Yuval Degani believes that this advertising move will help his company acquire “new…customers for life.”"

How Facebook Will Continue its Exponential Growth | Growthink

2011-04-06T13:24:00.000-05:00

How Facebook Will Continue its Exponential Growth | Growthink

Credit Score-Boosting Secret Legally & Legitimately Improves UGLY Credit!

2011-04-06T11:23:00.000-05:00

Bryan Ellis Real Estate Letter - Credit Score-Boosting Secret Legally & Legitimately Improves UGLY Credit!: "My #1 rated credit score-boosting secret is the AUTHORIZED USER score-boosting strategy (aka “piggy-backing”). “Authorized User” (AU) is the practice of adding a person who has credit challenges as an “authorized user” to the account of a person who has a strong credit history. The theoretical (and usually practical) result is that the positive credit history of the account owner is then additionally reported to the credit files of the credit-challenged authorized user, bringing improvements in the authorized user’s credit rating."

Foreclosure Backlog Stands at Thirty Times Monthly Foreclosure Sales Volume

2011-04-04T13:49:00.000-05:00

The shadow market is coming out of the shadows, and the numbers are staggering. According to a report released yesterday by LPS (Lender Processing Services), “foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume.” As a result of this massive backlog, real estate analysts expect more downward pressure on U.S. home values as most of these homes are likely to reenter the market as REO properties rather than being sold in another more profitable manner[1]. The statistics on the foreclosure backlog are also staggering, with LPS reporting that the average U.S. loan currently in foreclosure has been delinquent for 537 days, and 30 percent of loans in foreclosure have not made payments in more than two years.

Thanks to slower processing times on foreclosures, it is unlikely that this backlog will disperse any time soon. In fact, although total U.S. loan delinquency has fallen nearly two percentage points over last year and foreclosure starts are down 14 percent from last year, the actual foreclosure rate is up as banks struggle to keep their books in order and intact[2]. With the “non-current inventory” logging in at nearly 7 million, the backlog is likely here to stay.

Many analysts have been predicting that 2011 will be the beginning of a recovery for many sectors of the real estate market, though most agree that the residential market has a long way to go. With this foreclosure backlog, however, do you think that home prices are likely to start a recovery by 2012?

http://realestate.bryanellis.com/4210/foreclosure-backlog-stands-at-thirty-times-monthly-foreclosure-sales-volume/

Real-Estate Investing: the Best and Worst Markets - WSJ.com

2011-04-03T00:01:00.000-06:00

Stay updated on the best and worst markets right here at Below Market deals!! And the the WSJ says.....

Real-Estate Investing: the Best and Worst Markets - WSJ.com

Couple Owns Home After One Payment Due to Foreclosure Glitch|AOL Real Estate

2011-03-23T14:29:00.000-06:00

Couple Owns Home After One Payment Due to Foreclosure Glitch|AOL Real Estate

JPMorgan Chase Made Nearly a Billion Dollars from Madoff-Chase is too Gangsta for TV!

2011-03-04T11:22:00.000-06:00

cnbc.com

A new study of Bernie Madoff's Ponzi scheme concludes that JPMorgan Chase made over $900 million in pretax profits from the Madoff scam.

The academic paper by Dr. Linus Wilson, a finance professor at University of Louisiana at Lafayette, makes use of newly released data and different methods of calculation than previous studies.

Wilson's paper looks at total Madoff- linked account balances at JPMorgan Chase [JPM 45.25 -0.83 (-1.8%) ] from 1986 to 2008, a longer period than earlier studies, which may have underestimated JPMorgan's profits.

The total figure Wilson arrives at is $907 million.

That figure assumes JPMorgan's reinvestment of Madoff client money, and the generation of a similar rate to that of other funds invested by the bank during a similar time period.

But even without any reinvestment at all, Wilson finds that JPMorgan's pre-tax profits from Madoff money would have amounted to an estimated $398 million.

In addition to the magnitude of their alleged gains, Wilson reaches another conclusion that is likely to give JPMorgan agita.

Namely, he concludes based on prior academic research, that enough 'red flags' existed to make a reasonable observer suspicious—which presumably includes JPMorgan Chase.

Wilson lists two facts as being particularly problematic. First, that Madoff's custody over his client accounts resulted in no third party verification of trades (which, as it turns out, Madoff seems to have never made). And second, the very size and regularity of Madoff's returns should have raised suspicion in itself.

Wilson's complete journal article—provocatively titled 'Madoff’s Dirty Money'—can be found here.

Obama hit the brakes on selling those old Government bldgs...WHY?

2011-03-03T12:56:00.000-06:00

Obama Administration Scraps Sale of Government Buildings

Posted by Carole VanSickle on Wednesday, March 2nd 2011

The current administration has been forced to “scrap” plans announced last summer to sell off thousands of government buildings because plan was simply “unworkable”[1]. Now, a new commission has been tasked with finding replacement savings in the amount of $15 billion, the number that the administration believed it would save by selling off the buildings, 14,000 of which are currently vacant and 55,000 of which are “underused.” Thanks to poor conditions, bad locations and sluggish real estate markets, the sales of the buildings were not only difficult to accomplish, but less advantageous than the planning commission had originally hoped. Thus, the decision to abort the plan.

The administration is not giving up on its hopes to sell of buildings entirely, however. In fact, a new commission is now in the works – although no one yet has been asked to serve on the board – to identify ways to revamp the plan and shed the excess real estate – and upkeep costs – that the government no longer needs[2]. Local governments would, in many cases, be glad to see government-owned buildings back in private hands since they often sit vacant. However, there is a “cumbersome review process” before the buildings can be sold and “most of the excess properties are likely old, poorly located World War II-era sites,” reported the Washington Post.

Many people have criticized the government’s plan to sell off “excess” buildings that it could, theoretically, be using instead of spending billions in rental dollars on other facilities. Do you think that selling off these properties is a good idea? Tell me what you think...

Mortgage servicing crackdown expected!!

2011-02-17T13:53:00.000-06:00

Mortgage servicing crackdown expected

U.S. banking regulators are close to finalizing new national guidelines that will impact mortgage servicing shops after an interagency investigation revealed "significant weaknesses in mortgage servicing related to foreclosure oversight and operations," said John Walsh, the Acting Comptroller of the Currency, in prepared statements to be delivered before a Senate Banking panel today. "In general, the examinations found critical deficiencies and shortcomings in foreclosure governance processes, foreclosure document preparation processes, and oversight and monitoring of third-party law firms and vendors," Walsh said.

"These deficiencies have resulted in violations of state and local foreclosure laws, regulations, or rules and have had an adverse affect on the functioning of the mortgage markets and the U.S. economy as a whole." Walsh said even though the process of outlining new guidelines for servicers is at its early stage, regulators intend to address some of the pressing issues they discovered while investigating the servicing process — namely a lack of national standards for the foreclosure process and borrower confusion over whom to contact in foreclosure cases due to uncertain protocols.

Walsh's report on the investigation of loan servicing firms comes on the heels of a major announcement from the Mortgage Electronic Registration System, or MERS. MERS, which is an electronic registry of mortgage records, informed members late Wednesday that they are now prohibited from foreclosing on residential loans using the MERS name. MERS has long been the target of foreclosure defense attorneys and consumer advocates for creating a foreclosure process that fails to create transparent oversight and protocols.

Walsh said as part of their comprehensive examination of servicing shops, regulators examined Lender Processing Services Inc. (LPS), MERSCORP, the parent company of MERS, and MERS itself. After reviewing the servicing shops and examining bank self assessments, as well as 2,800 foreclosure cases, Walsh said investigators concluded that there were "significant weaknesses in mortgage servicing related to foreclosure oversight and operations." He said regulators have yet to finalize their proposed guidelines, but that will be the next step in the process.

Bank of America Struggling...and other hot tips!

2011-01-24T17:59:00.000-06:00

Bank of America not out of the woods yet!

Underlying Bank of America's (BOA) heap of one-time gains and charges in the last quarter was a sizable decrease in revenue and, in many consumer businesses, loan balances. Though BOA has made concrete progress in spinning off unwanted lines of business, cutting Fannie Mae and Freddie Mac liabilities, and reducing boom-time lending losses, its fourth-quarter results suggest that it is still in the thick of addressing legacy troubles. "It was not a great quarter," said analyst Michael Mayo of Credit Agricole Securities. "If you have two or three quarters like this in a row, then you raise some big issues. … The cleanup is not done, but it is progressing." Revenue dropped 11% year over year, with management citing limited short-term opportunities to make up for the fee income lost to new regulatory restrictions. Brian Moynihan, BOA's chief executive, conceded that the 13,000 extra employees it has working through the mortgage mess at its Countrywide unit aren't going anywhe
re soon, and Bank of America expects its net interest income, now at 2.7%, to fall in the first half.

Though the company made progress in the fourth quarter in tackling government mortgage put-back risks, it also appeared to be bracing for continued fights. Its litigation reserves — a "disproportionate" percentage of it tied to Countrywide — rose to $1.5 billion from $500 million. When asked to forecast this figure, Moynihan said, "it's hard to think about a run-rate for litigation expenses." Year over year, BOA's progress appears more concrete. Over the course of 2010 the company divested 20 business lines that sold for $19 billion. Its Tier 1 capital ratio rose 1.5%, to 8.6%. For the fourth quarter BOA reported $5.1 billion in credit-loss provisions — half what it set aside in the year-earlier quarter. And its net charge-off rate dropped nearly a full percentage point, to 2.87%. Quarter to quarter, however, the improvement was much less dramatic.

Though some of the difference is likely attributable to seasonal issues, B of A lowered its credit-loss provisions only slightly, from $5.4 billion to $5.1 billion. And total non-performing loans showed similarly modest quarter-over-quarter declines, from $34.6 billion to $32.7 billion. Loan growth was weaker than at some rivals. The company's overall average loan book grew 0.7%, to $940.6 billion, from the previous quarter. In commercial and industrial lending, average balances increased by 2% from the third quarter, a sign of "stability," BOA said.

Gas prices on the way up?

The American Petroleum Institute, an oil industry group, made no specific price forecast for 2011 but didn't seem to see a drop anytime soon. "Unless we see increases in supply, it's hard not to see a tighter market," John Felmy, the institute's chief economist, said in a conference call with reporters. Felmy said worldwide oil demand in 2010 hit a record of more than 87 million barrels a day, driven largely by strong growth in India, China and the Middle East. Supply, meanwhile, was constricted by the drilling moratorium in the Gulf of Mexico following the BP disaster, slow production growth in non-OPEC countries, and OPEC production controls.

The government's Energy Information Agency estimates that the drilling moratorium in the Gulf will curtail oil production by about 120,000 barrels a day in 2011. The moratorium has been lifted, but new permits have been slow in coming. OPEC holds just under 5 million barrels a day in production capacity that it is leaving in the ground. Gasoline price have risen 12 cents a gallon, or 4%, in just the last month, according to the motorist group AAA. The nationwide average stands around $3.12 a gallon, less than a dollar below the record high.

Lenders to destroy documents?

Federal bankruptcy judges in Delaware are due to hold separate hearings Monday on requests by two defunct subprime mortgage lenders to destroy thousands of boxes of original loan documents. The requests, by trustees liquidating Mortgage Lenders Network USA and American Home Mortgage, come despite intense concerns that paperwork critical to foreclosures and securitized investments may be lost. A series of recent court rulings have increased the importance of original loan documents, holding that they are essential for investors to prove ownership of mortgages and to have the right to foreclose. In the Mortgage Lenders case, the U.S. Attorney in Delaware has formally objected to the requested destruction because loss of the records "threatens to impair federal law enforcement efforts." The former subprime lender shut down in February 2007.

In a Jan. 6, 2010, motion, Neil Luria, the liquidating trustee, asked Bankruptcy Judge Peter J. Walsh for permission to destroy nearly 18,000 boxes of records now warehoused by document storage company Iron Mountain. In the American Home Mortgage case, the liquidating trustee, Steven Sass, has asked Bankruptcy Judge Christopher Sontchi to approve destruction of 4,100 boxes of loan documents stored in a dank parking garage beneath the company's former headquarters in Melville, Long Island. AHM had been one of the biggest originators of subprime loans until it abruptly collapsed and closed in August 2007.

The boxes are the last still held by AHM. Sass stated that the local fire marshal wants the documents removed as a fire hazard, and he said the cost of moving them would be prohibitive. In accordance with a 2009 court order, the bankrupt company earlier had destroyed the contents of thousands of other boxes after banks and other loan servicers had been given a chance to request and pick up particular files. The issue of document destruction is sensitive because in recent months evidence has turned up that vast numbers of original loan documents by major lenders were never transferred as required when the mortgages were securitized and sold to investors. Lawyers for homeowners have strongly objected to AHM's document destruction, contending that vital evidence borrowers need to defend themselves in foreclosure cases will be lost.

NABE - hiring to improve

The National Association for Business Economics (NABE) said the hiring outlook for the next six months is at a 12-year high. "The number of firms expressing positive hiring plans is at a level not seen in over a decade -- a sign of improving labor-market dynamics," Shawn DuBravac of the Consumer Electronics Association said in a statement. Forty-two percent of companies surveyed said they expect to hire more workers in the next six months, a 13% increase over the same time last year. Meanwhile, 51% expect no change in hiring, while only 7% expect a decrease. GDP projections are also at moderate to high levels, with 62% of respondents planning for real GDP growth of 2% to 3% in 2011, and one in five expecting GDP growth in the 3% to 4% range. In total, 82% of respondents expect GDP growth in excess of 2%, a sharp increase over the 54% who expressed the same level of optimism last year. Respondents were also asked to assess the impact of the sweeping package of tax cuts pa
ssed by Congress late last year.

A slight majority of companies surveyed said they expect sales to improve as a result of the package, while 45% said they anticipate the law will have no effect. Companies are expecting less of a boost in the areas of employment and investment spending, with 68% of firms saying the tax deal will have no effect on hiring, while 37% said it would have a positive effect. Only 1% said hiring would be negatively effected.

CNBC's Olick - beware shadow office space

"Last summer I did some reporting on shadow office space, which is leased space, like individual offices, cubicles or entire floors, that was vacated during the recession. This shadow space was adding as much as 7 percent to office vacancy rates in Los Angeles and over 6 percent in Chicago, according to CoStar Group. Now that the office market appears to be taking a turn for the better, that shadow space will start to fill up, and in most places it will have to fill well before the company looks to take on additional space. Today Grubb & Ellis, a commercial real estate services and investment company, put some numbers to the scenario. "Grubb & Ellis expects that shadow space vacated during the recession will accommodate about one-third of all net new demand in 2011 and about one-fourth in 2012; this activity will not be reflected in the published statistics,' writes Bob Bach, chief economist, in his 'U.S. Office Market First Look: 2010-Q4.' Bach goes on to say that the 'st
ill-tepid rate of hiring,' combined with this shadow space, will keep the office market 'struggling to keep up with prior recovery cycles.' Office buildings gained 2.5 million square feet of occupied space in Q4 of 2010, the first increase since the end of 2007, according to Reis, Inc., a commercial real estate analysis firm, but the 17.6 percent vacancy rate still represents a 17-year high.

That doesn't seem overly concerning to investors in the office market. Pricewaterhouse Coopers surveyed 200 real estate executives, including investors, lenders and brokers, and found more than 70 percent believe the commercial real estate recovery is real. 32 percent say they are looking to invest in the office sector this year, second only to 45 percent who say they would opt for the apartment sector. Yes, 28 percent of office property mortgage loans will mature in 4Q '11, or about $6.8 billion, according to Fitch, in a still healing liquidity situation. But Fitch also reports that the pace of commercial loan modifications is quickening. 'Loan modifications continue to dominate as a resolution method,' writes Managing Director Stephanie Petosa. 'Servicers will resolve loans with increase velocity as liquidity returns to the CMBS market.' As more jobs are created and fewer are lost, the office sector is heading toward recovery. Investors should be careful, however, to tak
e shadow space into account when looking at specific properties and consider distressed properties, as office loan default rates remain high."

Now for our real estate education section...

Bird Dog Bidding Strategies

Congratulations! If you are reading this then chances are you seriously contemplating trying out a real estate auction. Auctions present a great way to find bargains but buying via auction also requires serious negotiation skills for novice investors. One of the more common questions presented by novice bird dogs is how to recognize and develop a competitive bidding strategy. It's actually a great question because learning how to recognize and capitalize upon different bidding strategies is the first step in increasing your awareness of the transactions and methods being used by others. Just remember, it's often possible to use different bidding methods for various situations so stay flexible and keep your eyes open for opportunity!

Unsold Selection - Unsure about where to start? Why not begin with a minimum of hassles by bidding on unsold selections. Normally a property will generates at least a few bidders but every once in awhile, there is literally no interest. The lack of interest may be due to very high prior mortgage or assumable lien but it could also be due to relatively minor problems like a small HOA fee or easily cleared title concern. The key is to do your homework well in advance and understand the true cost of correcting a defect. The ability to bid ultra-low without any competition is a clear incentive to pursue this option when the underlying problem (or perceived problem) has a cost-effective solution.

• Pros: Minimal bidding wars, ultra-low cost, often missed by novice investors or those unable to address small mishaps.
• Cons: Requires strong understanding of defects as well as knowledge of fees required to correct problems.

ROI - Another commonly used bidding strategy is based upon the anticipated return on investment. For example, the 1% rule was traditionally considered a very solid investment in terms of long term "buy and hold" strategy although it is not uncommon to realize 1.5 or even 2 percent on some auction properties.

• Pros: Solid correlation between profit and cost. Clear margins with sufficient room for growth. Tends to be conservative in nature making it a relatively lower risk investment. Heavily contingent upon cash flow.
• Cons: Fails to taken appreciation into account. Prone to under-estimate long term profit potential of marginal properties or those that require more "up front" work.

Square Footage - Many investors still prefer to purchase based upon average square foot cost. There is ample support for this bidding method; it is simple to quantify and compare the cost to the replacement and/or insurance basis as well as potential commercial or retail value. This works especially well for business based real estate needs but should not be ignored by the residential investor.

• Pros: Easily translates into insurance replacement cost, property tax appraisal and even secondary mortgage.
• Cons: Highly subjective especially for upper end properties.

Market Value - Of course, one of the most popular bidding techniques is to simply take the market value minus costs and profit to determine the bid amount.
• Pros: Highly flexible and able to acquire property in any condition at any location based exclusively on the prospective resale value.
• Cons: Market volatility can change rapidly leaving sparse margins for those that do not add sufficient padding to profit estimates.

Bottom Line - Before bidding...know your exit strategy or the proposed exit strategy of your investor. The exit strategy - and corresponding "safety measure" - will dictate the maximum bid amount. When in doubt, leave a little extra margin to make sure you and your investor are covered in case of an unanticipated expense or other cost; especially when first starting out. As you gain experience in estimating costs and correction fees, it will be possible to refine the bidding price to a much more specific level.

See you at the top!

Homebuyer Tax Credit Returning??

2010-09-08T11:08:00.000-05:00

DSNews.com – Homebuyer’s tax credit coming back?

After a worse than expected falloff in home sales during the month of July, buzz about a possible revival of the federal homebuyer tax credit has begun to surface. The National Association of Realtors (NAR) reported last week that sales of previously owned homes plummeted 27 percent in July, hitting their lowest mark in 15 years. New home sales also took a dive, dropping nearly 13 percent from June to July. Both reports were clear indications of the frailty of the housing market post-stimulus. Although, the steep declines were actually considered a by-product of the tax credits themselves, which expired on April 30 – payback for the incentives that pulled sales forward into the spring months.
HUD Secretary Shaun Donovan said on CNN’s “State of the Union” program this weekend, “The July numbers were worse than we expected, worse than the general market expected, and we are concerned. That’s why we are taking additional steps to move forward. Donovan said it was too early to say for sure, after only one month’s numbers, whether the administration would revive its popular homebuyer tax credits to give the housing markets another much-needed boost, but he didn’t wholly rule it out as an option. “All I can tell you is that we are watching very carefully,” Donovan told CNN. “We’re going to be focused like a laser on where the housing market is moving going forward, and we are going to go everywhere we can to make sure this market stabilizes and recovers.” Two U.S. Senate candidates from Florida, one of the hardest hit states by the housing downturn, spoke out in favor of bringing back the federal tax credits for homebuyers on the CNN program.

If this was helpful, please leave a comment....thanks

How to find people - The top ten ways to find someone online

2010-09-01T00:56:00.000-05:00

How to find people - The top ten ways to find someone online

Whats really good with my investor savvy member community and stray visitors? I have another basic but definitely important article for you to check out. I hope you been keepin up with me. I been on the move but thats what you have to do if you really wanna make it happen. You either Networkin or Notworkin. Which one are you? ...Enough Said....

I posted this because when I find a vacant house I need to find that owner ASAP!! So here is a few tips. May not be the best but hey, it will get you started, you just mix and match and do what you do...Just never quit until you hit paydirt. Hope you Enjoy!

1.Google

By far the best way people finder on the internet, it's been around so long, it contains so much – how can it not be the very best people resource tool out there? Look at the facts, if you've had anything written about you online Google knows about it. The secret to finding people on Google is to use the quotation marks around the name of the person and then round the location i.e. "John Stevens" "London" by doing this you are greatly improving your chances of finding the person, remember to press the Cached button to get to the section of the webpage that is most relevant to your search. You can also search by their hobby i.e. "John Stevens" "Model Railways" this can get you to the correct person just as easily as their location. Finally remember the more popular the name the smaller the location area will have to be.

2.Facebook

It used to be Bebo and MySpace but those places must be like graveyards compared to what they used to be like, everyone is on Facebook now and it looks like it's here to stay. Finding people on Facebook is easy, you can try and search directly for them and if that doesn't work you can search for their friends to get to them, best of all its free to register and to contact people, an easy and fun way to find your old friends and see what they are doing now. People also upload their photos and usually where they work and who their other friends are so you can find out a lot of information regarding people from their Facebook accounts.

3. Friends Reunited

Not as popular as it used to be (see above) but still a fantastic way to find people and even better it is now free to do so, they will never capture the spirit of 10 years ago when it was one of the biggest websites in the world but still, you should be able to find your old school chums on Friends reunited and not only that you should be able to email them. Even if they don't check the site very often (many people don't) they should receive an email to say someone has tried to contact them so it is still in the top three people finders according to findermonkey.co.uk staff.

4. Twitter

Twitter is good for finding people and every so often they tell you a bit about what they are doing and similar to Facebook a lot of people have a photo of themselves on there. How long till Twitter is no.1 on this list is anyone's guess but had anyone even heard of this micro blogging site three years ago? This is still an excellent source for finding people for free.

5. 123People

We're slipping down the list a bit here as this is a good way to find people online but it does have some drawbacks, the primary one is although it has a US and UK option it does seem to merge the two together so you do get a lot of results that are not relevant. It does have some email addresses though so it is certainly worth using, you may just get lucky and that is a big part of finding people online.

6. The Electoral Roll

An electoral roll search is still a great way to find people but it's just not as good as it once was. Back in 2003 the electoral roll was unedited, now it has an opt out option and people are doing so in their millions. In 2003 there were 44 million records on the Electoral Roll in 2010 this had dropped to 14 million. Along with the above options it is still a great way to locate someone and if you use the correct company you can find one that not only searches the current electoral roll but also the last available unedited version too as well as the ones in between.

7. Ancestry.co.uk

Ok so generally this is used to work on the family tree stuff but you can access birth and marriage certificates through this site so if you are going down the Sherlock Holmes route of people finding and doing some serious digging then this might just be the site for you. It is rather expensive but they do have a large achieve of information and some of it could be what you need to break through your people finder case. A bit specialist? Maybe but a great people resource anyway.

8. The National Archives

Again this is a specialist tool but one that we use very often, it is easy to use and can bring up some really interesting stuff, this is more suited to finding out information relating to land and people rather than old friends and school chums but we thought we would add some more specialist people finder tools rather than the usual ones. This site is used on a regular basis by all findermonkey.co.uk staff.

9. BT Phone book

The old ones are the best ones! And this is no different, now available on-line for free. You can search through people's names and their location to see if it brings up their telephone number. If you are ringing round to see if one of the matches is your old friend, just make sure you use some common courtesy when doing so, it sounds obvious but some people will be rude to you, it's not worth getting involved with them. Just thank them for their time and move on, the next person you ring might be your long lost friend.

10. Other resources

There are plenty of resources available to help you locate people such as our people search blog findermonkey.co.uk/blog/ or people search-uk. Just keep your eyes peeled for the best ones and if you want to add to this list feel free to do so.

Good luck with your people finding.

Peace!!

2010-08-09T13:28:00.000-05:00

Whats up Dealmakers,

Its been Hectic fine people! Been so busy working on these deals I havnt had a chance to update you on the happenings. My bad. I know, I know. Dont crucify the kid before you receive your blessings though. That would be dumb, duh-dumb-dumb and that you are not.
Lets see, Closing on a 4plex deal here in the next week. Looking at another 14 house deal which I am going to run a transitional housing facility from. 28 rooms, 2 people to a room. $113/day/person, can you say ch-ching. Come on say it with me my fiend..CH-CHING!!
I just wanted you to get it out your mouth so maybe you would see some of the possibilities with some of the deals you see on the market but dont know how to possibly maximize the cashflow on it.
Well, I have a private consultant I work with that is helping me with all the guidance and connections to do this Transitional housing thing so here is a tip for you. If you have a 4, 5 or even 6 bedroom house you can get a good deal on or even takeover subject existing finance, consider making it into a emergency shelter, a group home or transitional home. The state pays great money for these services as you are providing a great service to some very needy people and many times people that are really just tryin to get back on their feet from a tough situation. Of course it has its challenges, pros and cons but ask yourself, does the risk outweigh the rewards or vice versa. In a 5 bedroom house, if you lived in the master an managed emergency shelter out of the other 4 rooms with 2 people in each room, thats $27000 a month in gross income!! Even if your mortgage was $2k/mo not including all your other housing and business expenses, you would still be clearing close to $20k a month. Thats incredible money from just 1 property.
Now say it with me again people ....CH-CHING!! Now you get it? Good.

Hope I was able to put a little bit of fat on your head with that tip. If not and you have 4 or 5 bedroom house you cant stand to have any longer....I'll buy it...right now! just go to www.quickcloseinvestor.com. and you will get a cash offer from within 48 hours.

And if your looking to pick something up for a great price only, cause you know thats all I deal with, the Cheap (but good) stuff, then go to www.texasbelowmarket.com.

Thats all for now kiddos,

Now go get em!!

Troy

IMG00029-20100410-1153.jpg

2010-06-25T18:54:00.001-05:00

What's up family?
This may be off topic but I had to share it with you..my baby girl, Gabby, just turned 6. She is so smart, cute and so so lovable. Well all kids are cute in some way but MY little girl is especially cute because.....well you know..she's mine...lol
Any way look at her...isn't she great...?
Happy Birthday Gabby...Daddy Loves you!
this is what its all about Family...the special times we can't get back. When I say invest wisely ..I don't kist mean $$
My girl forwarded a video to me the other day by Kanye West...Welcome to Heartbreak.
This is what he was talkin about...
Sent via BlackBerry from T-Mobile

My Baby Girl Birthday

2010-06-25T18:51:00.001-05:00

2010-06-25T18:19:00.001-05:00

its Freaky Finances Friday baby and ya boy got a financial tip for the kiddies out there tryin to get ya numbers up!
I'm a keep it simple today because I believe you have to have the baics in place first before you start ballin outta control like a real estate mogul or two I know.
Here's the tip....MINT.COM

If your not managing your chips right now and settingbudgets for everything going out and coming in....then I'm not afraid to tell you straight up as a friend ...Your Trippin!

Please dont take it the wrong way ...we all had our finances twisted at one point but hey..its the new world Baby. Sites like mint.com make it free, secure and extremely user friendly to keep your chips in check...Dont be a fool named Foolio and try to keep your finances in your head. Thats not business...that's foolish.

So take my advice and sign up today...check out the graphs and gadgets you can use to get a good snapshot of your situation...It will make you feel BIG time...now handle your finances and your business the right way and your business will pay you in rewards later called freedom....

Hustlin Today!! Came up on a New Opportunity!!

2010-06-17T18:10:00.000-05:00

Hey,

All my people out there hustlin to make ends meet or where to place ends after theyve come together. I had an interesting meeting today. There is a local company here in Houston that is allowing up and coming investors like me and you get in on a huge opportunity. Commercial debt buying. The cool thing is they have huge accounts with new portfolios coming in all the time. They customize a package for you AND they can service the portfolio as well...meaning get it performing again for you to collect or resell once its all good. This is a big boy game and not many people get to play in this arena..COMMERCIAL DEBT. Consumer debt is much more risky and smaller margins,,not to mention much more heavily regulated. All I can say is I'M in!! I've bee studying this opportunity since last year and was just waiting for the right time and team. Well Today ..I think I found it. Keep You posted...til next time....Happy Investing

Front Page Troy

Welcome To The ALL NEW!!!(Drumroll!) TEXAS BELOW MARKET Blog..Forum..Group...Whatever you wanna call it, just dont call it Broke!!

2010-06-12T00:01:00.000-05:00

Hey There My fellow Investor,

I wanna take this moment to thank you for visiting this blog that truly belong to YOU!!
I know that may sound like some kind of new wave sales pitch...lol..but really..it does. Im not trying to sell you anything,
This Blog is just for us Movers and Shakers on the inside of select circles to be able to talk about our deals, experiences and opportunities. Oh and if you just copped a new or had a major upgrade to your crib, lifestyle or attitude...We can drop some knowledge about that too!!

So Lets get it in!!...There are too many hot deals and opportunities out there to not share or talk about it!! It is a recession but I can't tell!! All I understand is this is the most opportunistic time I've seen in my Lifetime!!...and ummm "In my Lifetime...I plan to make a whole lotta dough..a whole lotta dough!" ...lol...If you know who said that in a song..let me know...for all you people that have tuned out for the last couple decades...He's rich!..wait, that was 2 clues..anyways, I got em like that all day Baby!!..Until Next time...and if your time is as valuable as mine is...click on the page below..cause your here to make money...and I respect that!!

Much Success to you

FrontPage Troy

PS...enough small talk, Click Below for the $$$!!!