Real Estate Investing & Facebook

http://www.facebook.com/home.php#/james.gage?ref=profile

I have a new fan page on Facebook. Join now. After you join, you can post pictures, ask questions of the group, and meet interesting people just like yourself!

When you go there, you will see that I have posted a lot of tips and stratergies on creative real estate investing.

And the best part is that I started posting secret discount codes there! These are codes to secret sales that are only shared with my Facebook fans.

Here is the link:
http://www.facebook.com/home.php#/james.gage?ref=profile

I'm actually online on Facebook right now. So, I'll see you there. Have an outstanding day!

Be well.
James Gage
www.JGage.com

Real Estate Tip of The Month

Hello All:

Now is the time to get your properties sold! Why the hurry? The $8,000 home-buying incentive from the U.S. Government ends in December 2009, and if you are in a state that takes longer then 30 days to close - time to get those prospects!

Be well,

James Gage

Real Estate Investing: Happy Father's Day

To all of you that are Fathers out there - Happy Father's Day!

I wish you a great day with your family.

Be well.

James Gage

Real Estate Investing: New Appraisal Regulations Under Fire

On May 1, the responsibility for managing home appraisals has moved to a middleman, known as appraisal management companies or AMCs.

Under new federal regulations, mortgage brokers and loan officers can’t directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
But critics of the new plan say nobody is watching the AMCs.
The new rules have transferred the improper influence problem to these appraisal management companies, which are not regulated by anybody.

The marketplace is still vulnerable to appraiser pressure because the incentives are still there to get deals done and collect the fees,”
Federal housing officials, who helped write the new laws, say they will hold AMCs accountable.

Lease Option Investing

Hello All:

Don't forget to tune in tomorrow morning to hear yours truly nation wide speak about why now is a perfect time to use Lease Options in controlling investment real estate with little or no money!!!!!

Now Every Saturday Morning !

XM Satellite Radio Channel 169

"Mind Yo Business Radio Program w/ Brian Higgins"

Time : 9:45 AM, EST

Topic : " The Economy & Leveraged Real Estate Investing "

Real Estate Investing: Why The Up Tick in Foreclosures?

Hello All:

You may be asking yourselves why foreclosure filings are accelerating again? The answer is simple; when President Obama took office in January of this year, most mortgages companies place a moratorium on foreclosures. What this means is that until they figured out what he was going to due about a potential rescue plan for home owners, the best course of action would be to place everything on hold.

Now that the President has revealed his plans, the moratoriums have been lifted and the foreclosures have resumed. Truth be told the President's plan hasn't really helped the majority of individuals facing foreclosures, due to the fact that it is a voluntary program for the banks and mortgage companies.
In my humble opinion if they wanted to really help people facing foreclosure they would have passed the "Cram Down Provision" which would have allowed bankruptcy Judges to decide the fate of individuals facing foreclosure.

Lease Options: Preparing to Call Sellers in 3 Easy Steps

First you have to go through your newspapers, preferably 2 weeks old. Start with the houses for sale by owner, cross out any by Realtors (at least for now). Next go through the houses for rent. Go online to the major FSBO sites and pull down homes in your area. Remember, with some of the changes these sites have made they provide bare bones information unless you sign up. up.
To save time, just take down the telephone number if provided or address so you have a starting point to make contact with the owner.

Now you are ready to organize your calling. Go through the above lists, be sure you don’t have any duplications.
Check your database to be sure there are no duplications; if you don’t have a database now is the perfect time to start one.

Now you are ready to call, here are the 3 steps :

1. Get your yellow pad and make up your headings of: telephone number, type of property, price, and notes.
2. Pull out your telephone calling script and start calling. If you get an answering machine, leave your message script for the appropriate type of property. When you get to speak to the seller, ask all of the questions in the script.
3. Remember, you want to build rapport with the seller.

In addition, by using your script you will get all your questions answered before you leave your home office to view the property. If not, you don’t leave your home office. Remember, your time, knowledge and energy are valuable commodities, you will not squander them.

Now you are on your way to making profitable deals, and it was easy as 1-2-3 !