December 08

Owner Financing in What Investors Look For in Deals
Many real estate investors who have a lot of experience in this line offer owner financing to people who cannot or will not go to banks and other financial institutions for loans due to various reasons, because they might have a bad credit history or have not had time to build a good credit score, self employment, etc...Read More


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November 19

Investing in Paterson NJ

Investing in North Jersey Real Estate to Create Wealth

Author: Luis Mirabal

My name is Luis Mirabal. For over the last 6 years, I have worked in the Corporate and investment real estate industry, I have owned and sold just about every type of multi-family property around the Passaic/Clifton/Paterson NJ areas and Scranton/Wilkes-Barre/Poconos PA areas as well. Currently expanding our reach into Florida, Michigan, Ohio & the Dominican Republic. I am going to be showing you how to created wealth with real estate. Let say you have 100k either on your IRA, 401K, CDs, or Savings and you have an average income, and will like to retire in 10 years.

I have been finding properties in Passaic, Clifton, & Paterson NJ areas that are selling for 70k or less. The amazing thing about this is that the rents on these houses are still $1100.00to $1500.00per month. I have calculated that if you were to put 25% down your loan amount is $52,500.00.

A payment on that loan amount for 10 years at 6% is $712.0 per month. This payment includes P.I.T.I. If the rent is $1150.0 per month and you take away a $150.0 per month for property management and utilities you still have a positive cash flow of $288.00 per month. You would just repeat this step five more times, but once you get hook on it you will want to keep going.

These are all homes that once sold for 300k. If you buy six of these homes over the next 12 months, you would have $1728.00 of positive cash flow along with the fact that you will own these 6 homes free and clear in 10 years. These are all homes that sold for over 300k just three years ago. Now with the way today’s market is let be conservative and say that in ten years they will be worth 180k each.

WOW! Now, what this means is that you own $1million of real estate free and clear. You would also have $6000.00 per month in net income assuming rents didn't go up. If they go up by just $200.0 per month you then have $7200.0 per month of net income. Hey you have work a 9-5 most of your life, you know how hard does an individual need to work to make that kind of money per month.

Now I hope that this brief article have opened your eyes to the endless possibilities that investing in real estate can do for your wealth and how to secure a great retirement without worries.

About the Author:

Luis Mirabal is the Co-Founder of A. B. Home Buyers LLC and has over 6 years of Investment experience. A. B. Home Buyers LLC offer private individuals the opportunity to invest in income property via mortgages, earning passive income. http://www.abhomebuyersllc.com

Article Source: ArticlesBase.com - Investing in North Jersey Real Estate to Create Wealth

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October 27

Private Lending with Your IRA

You can invest through your IRA with a truly self directed IRA. This method of investing is not well known because no one receives a commission when you invest this way. Therefore, there is no motivation for anyone in the financial services business to educate, advocate or recommend something they can't make money on.

More and more people are asking us about investing in real estate with their IRA.

We think private lending through your IRA is a great way to earn strong returns and capture fantastic tax benefits!  So, here are a few things to consider as you learn about investing in your IRA.  You can invest funds with us from your Traditional and Roth IRAs, many people do.

You will need to open an account with a “Third Party Administrator” (TPA), which acts as custodian of your account - investing the funds as you direct them to do.  If you already have an IRA you will transfer funds from your existing account likely held by a conventional brokerage firm to whichever TPA you choose.  When you conduct a real estate or private lending transaction in your IRA, you will fill out a few very simple forms provided by the TPA to direct the investment.  The TPA, acting as custodian of your account, will also sign all official documents on your behalf.

There are many, but here are several companies you might consider using as a Third Party Administrators:
Equity Trust Company www.TrustETC.com
Entrust Administration www.EnTrustAdmin.com
Pensco Trust Company www.Pensco.com
Guidant Financial www.GuidantFinancial.com

Come to our Free Seminar to Learn More.

A. B. Home Buyers LLC, Luis Mirabal Nor they affiliate or staff are an investment advisor, and are not qualified to provide advice on IRA rules, regulations, or eligibility requirements. Please consult with your tax and investment advisors. We are not affiliated with any of the companies listed and only provide them for informational purposes.

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October 26

Housing Prices one way to go but only Down!
According to the 10-City Composite Index of house prices released by real estate market data provider Altos Research, house prices declined 0.5% in September and 1.1% during the third quarter. The index is a measure of home prices based on summaries of metrics associated with active residential property listings. After bottoming out at $470,017 in January, it gradually increased to $509,030 in July before again declining and was $503,401 in September. Of the 26 markets Altos Research examines, asking prices increased in only five, including Los Angeles, which experienced a 1.5% increase, the largest of the 26 markets. Phoenix had the largest monthly decrease of 3.7%. Inventory also declined in 23 of 26 markets. All of the 26 markets except San Francisco had a median days-on-market of 100 or more in September. Miami had the slowest inventory turnover rate at 251 days. Altos said prices are likely to continue showing modest declines throughout the seasonally weak fall and w inter months of 2009, and that this year’s downturn would likely have been worse were it not for historically low mortgage rates and the first-time home buyer tax credit.

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