real estate infos

Archive for May, 2010

Controlling Property Is 100x More Powerful Than Owning Property!

Controlling property is 100x more powerful than owning property!

Once we share this “truth” and you really grasp what we are saying it will forever change how you view real estate investing and could dramatically change you life!

It did ours!

Yes it is that powerful!

We do not think anyone will disagree with the fact that when you invest in a home the “traditional” way you have to jump through a lot of hoops!

What if we told you there was a way that you could invest in real estate WITHOUT jumping through all of those hoops?

Would you be excited?

How about if we told you that your credit would not be the issue even if you just filed Bankruptcy yesterday?

Excited yet?

Wait it gets better!

What if we told you that you did not have to have a large down payment?

What if you could control these properties for as little as
110.00 down?

Still not excited?

What if there was a way to establish an equity position in the home you control WITHOUT being on the title!

Well this is possible when you control properties instead of owning properties!

How do you accomplish these wonderful things in Real Estate?

That is the truly the Million Dollar question!

And the answer is…Drum roll please…

Well one of the ways is with a lease purchase contract!

A lease purchase contract allows you today to lock in a purchase price for sometime in the future.

How powerful is a lease purchase contract?

In our own case we locked down our dream home without a credit check under market value with a right to purchase at that under market value at any point during a 5 year term.

Before we walked into the front door of our dream home we had ALREADY established a tremendous equity position without being on title!

In 3 years the land values TRIPLED in value and our home almost
DOUBLED in value!

Now granted this is waterfront property and things took off BIG TIME but because we had positioned ourselves with our lease purchase contract we were sitting pretty with a huge equity position!

We never jumped through one hoop and did not have our credit checked to establish this equity position.

We were smart enough to recognize controlling property was 100x more powerful than “owning” property any day of the week month or year!

We really do wonder why anyone would invest any other way!

Is it legal?

100 legal!

As a matter of fact most mortgage companies advertise looking for those with a lease purchase contract who want to convert it to a mortgage!

What do we mean by “control” real estate?

Simple. When we “control” real estate we have 5 options available to us. We can:

1. Sell the property
2. Rent the property
3. Sandwich lease the property
4. Assign our rights in the property
5. Live in the property
6. But the most powerful benefits to you investing this way is that you can establish an equity position in that home without ever being on title!

For example lets say you control a home for a 5 year term and you have the right to purchase the home at any point during the next 5 years for 250000. Let’s say the home appreciates in value to 350K in 3 years. You now have the right to purchase a 350K home for 250K. That is a 100K equity position you now have without being on title! That is the truest definition of power there is!

There is no more powerful way to invest in real estate today!

About the writer:  TC and Vickie Bradley are the authors of the 1 Best selling Real Estate investing course “Buy with No Credit How to Make Money this Month in Real Estate!” They also do a FREE weekly webinar! http://www.buywithnocredit.com

Cmhc Mortgage Loan Insurance

An insurance that covers a lenders risk which is linked with financial loss normally occurring when the person is unable to pay mortgage loan is known as the CMHCs Mortgage Loan Insurance. CMHC stands for Canadian Mortgage and Housing Corporation. Such non payment of loans increases the demand of this insurance under the best interest rate. The amount of the premium paid under this insurance can vary between 0.65 and 2.74 depending upon the proportion of the buy price or the home value is invested with the mortgage loan. With the help of CMHC Mortgage Loan Insurance one can be the owner of the property by paying a down payment which can be as low as 5 of the purchase price. It is a good idea to make a down payment of five percent as a minimum of the residence price but it also depends on the property price
For a solo family and two unit residence minimum five percent down payment is required.
For up to a four unit residence minimum of ten percent down payment is essential.
But it should be remembered that only Canadian citizens can apply for CMHC Mortgage Loan Insurance.

CMHC Mortgage Loan Insurance has many advantages
1.It can be applied to various kinds of housing.
2.It is available everywhere in Canada.
3.It has several flexible products and options to help the buyer in going for the best investment.

In a normal case the buyer pays the minimum down payment. Sometimes first time homebuyers receive gifts from the relatives for the down payment. Any promotions offered by the lender and money borrowed from friends and family is acceptable as additional sources of down payment for the borrowers through CMHCs Flex Down product.

Before applying for CMHC a person should keep following points in mind
The qualifying criteria
Is the lender approved by CMHC?
The total housing cost including Principal amount Interest accrued property tax and heating costs P.I.T.H. should not be more than thirty two percent of the gross household income.
The total debt should be less than forty percent of the gross income. To get the Total Debt Service TDS ratio add up the P.I.T.H. and payments on all other debt / gross annual household income and 50 of condominium fees if applicable.
Take the closing cost like the lawyer fees adjustments land transfer tax if applicable PST and GST as applicable etc. into account. This is usually two to four percent of the purchase price.
There are certain details which may vary from case to case and one needs to get in touch with the lender to know about them.

The premium of the CMHC Mortgage Loan Insurance is based on the amount of the down payment made and is proportional to the cost of the house or the value that one borrows. The higher the value of the house the higher will be the insurance premiums. This insurance is paid by the lender who later passes on the charges to the actual buyer.

So in order to pay less interest rates and avoiding the administrative charges one should go for the mortgage insurance.

Number of Words: 523
Keyword: insurance
Frequency: 12

About the writer:nbsp;nbsp;Ben Hirsh is the owner of the Ben Hirsh Real Estate Group and an expert on Woodstock GA real estate . His unique website features a helpful sellers page where he explains what he can do as your Woodstock GA listing agent
to sell your home. The site also features a Woodstock GA MLS search Search where home sellers can study other homes on the market.

Chic Rentals No Es Un Aparthotel. Desde Su Web Te Ofrecen Los Mejores Apartamentos Para Tus Estancias En Madrid

Chic Rentals nace con el objetivo de ofrecer un nuevo concepto de aparthotel Madrid con apartamentos de disentilde;o para estancias cortas y medias en la capital.

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Como nuestro deseo es que cualquier ciudadano del mundo que venga a Madrid se sienta como en casa aunque soacute;lo sea por unos pocos diacute;as proponemos una nueva foacute;rmula para aquellos dispuestos a vivir la ciudad de otra manera: no como alguien que estaacute; de paso y se conforma con ver la ciudad con ojos de turista sino como alguien que quiere sentirse como si realmente viviese aquiacute;. Este concepto de aparthotel Madrid realza aspectos como la privacidad la ausencia de convencionalismos y la total libertad.

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Con un servicio de atencioacute;n personalizada desde Chic Rentals ponemos a su disposicioacute;n una cuidada muestra de apartamentos estrictamente seleccionados en funcioacute;n de criterios geograacute;ficos de espacio y de disentilde;o. Bajo nombres de actores miacute;ticos proponemos espacios con piscina ideales para pasar unos diacute;as de vacaciones urbanas apartamentos con tecnologiacute;a wifi para altos ejecutivos que no paran y lofts vanguardistas para aquellos que buscan un fin de semana de shopping y nightlife en Madrid.

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Ademaacute;s Chic Rentals ofrece la posibilidad de alquilar sus apartamentos para eventos especiales de empresa; tales como: presentaciones de producto cocktails de bienvenida reuniones de alta direccioacute;n o incluso como localizaciones para rodajes de cine televisioacute;n y publicidad.

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About the writer:nbsp;nbsp;Chic Rentals nace con el objetivo de ofrecer un nuevo concepto de aparthotel Madrid
con apartamentos de disentilde;o para estancias cortas y medias en la capital.