Wednesday, August 25, 2010

Freedom From Debt: HomeBiz

Loads of information on personal finance tips, loan consolidation, refinancing mortgage, freedom from debt, and earning online.

Friday, August 20, 2010

Investing in Residential Real Estate: The Way to Finance Your American Dream

by Dario Dingwall

Even in the toughest of economies, people need places to live. The basic need for food and shelter is inherent to human life. And honestly, most of us would like to have a nice single family home to come home to. Residential real investing can not only be a good investment, but done correctly can be very profitable as well.

Investing in residential real estate does not necessarily require one to be a financial intellect, although being a genius can be helpful in other markets. What this investment requires is for one to be keen and have common sense as well as knowledge of what the local real estate market is able to handle. Is the area you are interested in ready to bounce back or is it struggling? Has it reached the end or is there another fall out on the way? The fainted hearted or the very cautious people cannot handle real estate for residential investment.

The first key to good residential real estate investing is simple: invest in property that will actually make money. Not only are single family homes in the low to mid price ranges good to consider, as is an apartment or condo unit. Don't overextend yourself however, especially if there is no guarantee that you will be able to move anybody into your newly opened rental. Look around at how many open properties are in the area in the same price or size range.

The next key to keep in mind is to consider what a realistic return will be when contemplating residential real estate investing. Do not purchase properties with a mortgage that you will never be able to recover. Charging the wrong amount for a rental is just that: wrong. You will never get anyone into the unit for a price above the current standard, no matter what extravagant upgrades you add.

Another fact about investing in residential real estate that makes it so attractive to investors is the fact that even though your mortgage price for the property will remain constant for the loan term period, with inflation you should expect the amount on that real estate property from rent to increase.

When venturing into the investment of residential properties for the first time, you need to know the necessary upgrades as well as those that will be essential for potentially boosting the equity of the property. For novice real estate investors, it is recommended you start small till you clearly comprehend the workings of the residential real estate industry.

It is also important to put the area that you are interested in into consideration before implementing any real estate investment plans. Is the employment situation good or bad? Does the immediate neighborhood have any jobs openings? Is there anything attractive like good schools and recreational facilities that would lure people to keep on living in that area while they commute to their new jobs that are located further away from the neighborhood?

Finally, before you go ahead with real estate investing plans, make sure that you to consider the property maintenance costs. Despite the fact that the home is rented out to tenants, the maintenance cost of that home is still your responsibility plus all the taxes and any other related costs of the property. There are some renters who take good care of the homes but others think of rentals as nothing but four walls that are meant to only provide them warmth.

Real estate investing is not without its risks of course, but in the hands of the right investor, with the right property, it can actually be a way to bring in steady income. Once the property is paid down sufficiently, the extra income can be siphoned off and used to increase the amount of real estate investing that you own.

About the Author:

Dario Dingwall, an international real estate investor for a number of years has performed an in depth analysis on residential real estate markets in America, identifying the top 20. For the first 100 people, his company is offering our readers a report on one such high-yield residential real estate investment market, for free. Get yours by visiting his companys real estate investment website.

Source: You Can Build a Fortune Investing in Residential Real Estate

Tuesday, August 10, 2010

Loan Modification - Do You Still Have Time to Save Your Home?

Author: Steve Wrangler

Do you feel like you can no longer see your future? It wasn't so long ago that people knew exactly what was going to happen. They had bought a home and started a family. They had a small affordable mortgage. The house would be paid off in 10 or 15 years. The kids were doing well in school and would graduate in just a few years. There would be enough money in the bank to retire comfortably.

What happened?

Somehow they had decided to refinance their homes, buy new cars, go on fancy vacations or add on to the house. The loan they had thought was too good a deal to be true turned out to be just that. The first blow was getting laid off at work. Then the stock market crashed wiping out half their savings. After trying so hard to keep up, it eventually became evident that they would no be able to continue making the payments. They were good people, how could this happen?

It probably won't make you feel any better, but you are not alone in this situation. Its time to get your life back on track. There is help out there but its not going to come to you. You have to seek it out.

What am I talking about? Home loan modification. The country is in dire straits. We don't need another foreclosed home on the market. It drags down everything. It causes the banks to show a loss and weakens the whole system. The banks want to make a deal but there is only a small window of time to get a loan modification done.

The problem is, banks aren't set up for this. They know how to make new loans but they have never had to modify loans on houses that were worth much less than the value of the loan. The formulas they have used to make loans don't work on loan modifications. Many don't even have a loan modification department.

There are non-profit loan modification organizations that are supposed to help you modify your loan but they are inundated with requests. If you could wait forever, there wouldn't be a problem. However, there is a problem. If you miss just one payment, it starts the clock ticking on the foreclosure proceedings. There is a point of no return when no matter what you do, you are going to lose the house. You have to get started before that date. By the way, the date varies from state to state so you'll have to ask someone how much time you have. The basic point is:

You must start your loan modification plan right now!

Have you heard about the scams in the loan modification business? It was so bad, they had to make strict laws especially for the home loan mods. Those regulations are now in place. The companies that are doing loan modifications on home loans operate in a tightly regulated environment. Different states have different loan modification laws. Ask your adviser to see which applies to you.

The main reason to use a professional company that specializes in loan modifications is they know how to get things done. There are certain guidelines that must be met. Unfortunately the home owners don't know what those guidelines are. They often submit wrong or incomplete paperwork. They leave out vital information like account numbers. They don't know whether they should declare certain items because they have heard if you make too much money, your loan modification will be turned down. Once you tell a bank employee something, it goes in your record. A loan modification specialist, much like a lawyer and sometimes is a loan modification attorney, can consult with you and help you build your case for saving your home. They will know exactly what needs to be disclosed to save your home.

Remember, if you are in trouble on your home, you need to act now. A lot of people get depressed and put it off for a day or two, or maybe first of next week or after the 1st of the month. There are so many excuses I can't even begin to write them down. The point is, you need to start now. Right now. Not tomorrow, not next week, right now. If you do that -
Now Pay Close Attention --

On the next page you will find loan modification specialists that have proven track records for helping homeowners modify their home loans and cut their payments in half ==> How To Modify Your Home Loan & Cut Your Payment By 50%

So If you want to cut your mortgage payment in half and stop the banks from taking your home then I strongly recommend that you to read everything on the next page before it's too late!

Visit this page ==> Home Loan Modification Specialists

Article Source:

About the Author

Everyone's using The Most Effective Loan Modification Specialists to get their home loans modified and you can too.

Click Here to learn how everyday people are modifying their home loans, stopping foreclosure and saving thousands.

Tuesday, August 3, 2010

Peer To Peer Loans - Loans To Those That Really Need It

Author: Robert Kempster

I have always been conscious of the old saying that a Banker is someone that lends you an umbrella when it is sunny and takes it back when it is raining. I do not know about you, but I remember my banker always trying to give me a loan when I did not need one; only to turn me down when I needed it.

Well, my aim is to share with you today, some of the things that I have found that helps you to survive all the challenges of remaining liquid or in some cases "the ability to put food on the table". In particular I will like to talk about a "new" mechanism called Peer To Peer Loans or P2P for short.

Peer to Peer loans are usually funded in an auction scenario. Borrowers list their loans and lenders bid on it. I believe they have been around since 2006, and went through some SEC loops and most are now registered with the SEC.

Peer To Peer lending amounts range from $1,000 USD to $25,000 USD and the rates are usually pretty low compared to bank rates for unsecured loans. You need at least a credit score of 640 to 660 for these loans. The auction scenario allows individual lenders to bid for your loan and thus drive down the rate of interest for your loan. Most of the loans are well below credit card rates and thus create a win-win situation for all concerned.

If you are interested in investing by lending out money for profit [you could invest as low as $25 units, or just want to get a low interest unsecured loan between $1,000 to $25,000. Leave a comment or shoot me an email and I will send you the links.

The Powers of a Positive Attitude

The Powers of a Positive Attitude

by Kim and Charles Petty

The Powers of a Positive Attitude

Kim and Charles Petty

I am going to ask you to something very weird right now. First of all, I want you to listen to your thoughts. Now tell me, what thoughts fill your head? Would you label them as positive, or negative?

Now let's say you are walking down the street with these thoughts. Do you think anyone who would meet you would be able to tell you what's on your mind?

The answer to number one is up to you. But, the answer number two can be pretty generic. Although people will not be able to tell you exactly what you think, they will more or less have an idea of how you are feeling.

Here's another question. When you enter a party filled with friends, do they all fall silent as if something terrible had happened? Or does everybody there perk up as if waiting for something exciting to happen?

You know what? The answer to all these depends on your frame of mind.

Thoughts are very powerful. They affect your general attitude. The attitude you carry reflects on your appearance, too - unless, of course, you are a great actor.

And it doesn't end there. Your attitude can also affect people around you.

The type of attitude you carry depends on you. It can be either positive or negative.

Positive thoughts have a filling effect. They are admittedly invigorating. Plus, the people around the person carrying positive thoughts are usually energized by this type of attitude.

Negative thoughts on the other hand have a sapping effect on other people. Aside from making you look gloomy and sad, negative thoughts can turn a festive gathering into a funeral wake.

A positive attitude attracts people, while a negative attitude repels them. People tend to shy away from those who carry a negative attitude.

We can also define attitude as the way of looking at the world. If you choose to focus on the negative things in the world, more or less you have a negative attitude brewing up. However, if you choose to focus on the positive things, you are more likely carry a positive attitude.

You have much to gain from a very positive attitude. For one, studies have shown that a positive attitude promotes better health. Those with this kind of attitude also have more friends. projecting a positive attitude also helps one to handle stress and problems better than those who have a negative attitude.

A positive attitude begins with a healthy self-image. If you will love the way you are and are satisfied, confident, and self-assured, you also make others are around feel the same way.

A negative attitude, on the other hand, has, of course, an opposite effect. So, carrying a negative attitude has a twofold drawback. You feel bad about yourself, and you make others feel the same way.

If you want to have a positive attitude, you have to feature healthy thoughts. This is probably very hard to do nowadays since, all around us, the media feeds us nothing but negative thoughts. A study shows that for every 14 things a parent says to his or her child, only one is positive. This is truly a saddening thought.

If you want a healthier outlook in life, you need to think happy thoughts, and you have to hear positive things as well. So, what can you do? Well, for starters, you could see a funny movie, you could play with children, spend some time telling jokes with friends. All these activities fill you with positive stimuli, which in turn promotes positive attitude.

Although it is impossible to keep ourselves from the negative things around us, you can still carry a positive attitude by focusing on the good things, the positive things in life.

And this positive attitude you now carry can be of benefit to other people. Sometimes when other people feel down, the thing people mostly do is try to give them advice. But sometimes, all they need is somebody to sit by them, and listen to them. If you have a positive attitude you may be able to cheer them up without even having to say anything.

If positive attitude is really great, why do people choose to adopt a negative attitude instead? One who carries a negative attitude may be actually sending a signal for attention. Before you get me wrong, feeling sad, angry, or gloomy is not wrong itself. But dwelling on these thoughts for far too long is not healthy either. There is a time to mourn.

As always, if you are beset by troubles, even in your darkest hour, focus on the good things in life, you will always have hope. Problems become something you can overcome.

You do not have much to lose by adopting a healthy, positive attitude. Studies show that such an attitude actually retards aging, makes you healthier, helps you develop a better stress coping mechanism, and has a very positive effect on all the people you meet every day. So, what's not to like about a positive attitude? Adopt one today.

Kim and Charles Petty,experts in Real Estate Market. For FREE Special Report and CD and to schedule strategy meeting on how you can make Six or Seven Figures A Year Buying and Selling Propertiesacross the USA & abroad go to ( VirtualRealEstateInvestingProfits or call1-800-311-9228


Monday, August 2, 2010

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Your Dominant Thoughts - How to Take Advantage of Them

Your Dominant Thoughts - How to Take Advantage of Them

By: Jon De Longhi

Self belief is a wonderful thing.

I know from my own life experiences that whenever I have been filled with dread or doubt I am unable to perform at a satisfactory level. Just the other day I was using a claw hammer and a lever to dismantle a packing crate. At the time I was making quite a noise hammering away when my wife came down to the workshop to see what I was doing.

Jokingly, I quipped: "I haven't hit my fingers with the hammer yet!" Guess what I did within minutes of uttering those words? Yep. Bang. Yeeowch! Actually, I didn't say that. It was something more colorful.

You see, in retrospect, what I did was plant the seed in my mind that I was going to hit my fingers with the hammer. My mind set about fulfilling the thought.

Not only do we become what we think about, we do what we think about. Whether your thoughts are positive or negative your mind will act on them.

If we are directed by our dominating thoughts, why not implant our minds with things that will benefit us? For instance, if you really want to become a pilot then concentrate on that. Become obsessed with it. Learn all you can about it.

Do you think that Michael Jordan became the greatest basket-baller of all time by not thinking about and concentrating on the game of basketball? During his brief sojourn into baseball was he successful? Basketball was his love. He couldn't get it out of his mind. So he returned to basketball to lead the Chicago Bulls for another three years before retiring, making yet another comeback then retiring for good in 2003.

What are your dominating thoughts? Are you thinking about the things that will make you the person that you ultimately want to be? Do you have deep and powerful thoughts about these things?

If the first step to becoming the person that you want to be starts in the mind then set that train in motion.

One thing that can really help you is to sit down and write out your life goals. Take as many pages as you need. After you have crafted your life story and the way that you want it to unfold start summarizing it. Try to get it down to a single page.

Once you have done this you should read it as often as possible. At the bare minimum you should read it at least once a day. Preferably you should do this first thing in the morning and make it the last thing you do before going to bed at night, then as many times in between as you desire. It all depends how strong your desire is.

The more times you read your plan, the more you will implant it into your mind. Remember, your mind cannot discern between reality and fiction. It will simply act on it - just like my mind did when I joked to my wife about not hitting my fingers with the hammer.

Think negative and you will receive negative. Alternatively, think positive and that is what you will receive.

So, do you have a plan? What thoughts are dominating your mind?

About the Author

To learn more about success, health and happiness visit the "I Feel Good Magazine" - Free Self-Improvement Online Magazine and browse free articles, ebooks, news, videos, inspirational quotes and more - More info at:

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Article Source: - Your Dominant Thoughts - How to Take Advantage of Them