Category: Financial Planning

By Simon Volkov

Procurement of proper real estate training is crucial for all investors, but especially so for newbies. Many types of investing courses are available. Some are offered through home study courses allowing students to learn at their own pace, while others are conducted in a classroom setting.

Most real estate training courses cover basic investment strategies. Some focus on a specific niche such as investing in commercial properties or residential foreclosure homes, while others cover topics of creative finance options such as offering owner will carry or entering into 1031 exchanges.

Some of the more popular courses include negotiation and finance strategies. These topics help investors understand how to obtain the best deals and generate positive cash flow for investment properties.

Investors often participate in Continuing Ed classes to learn about local and national real estate laws and management practices. This is particularly helpful for investors offering Section 8 housing and commercial properties.

Investors who are involved in buying and selling foreclosure or bank owned properties often find training courses provide the information they need to negotiate sales through bank loss mitigation. These types of courses also offer information on obtaining government grants such as those offered through HUDs Neighborhood Stabilization Program.

Real estate investors can determine which types of courses are required based on their investment goals. Those new to buying properties for profit may want to participate in home study courses focused on rehabbing rental properties for house flipping or buying distressed homes for use as rentals.

Those with desire to make real estate investing their fulltime job or would like to become a training instructor should participate in courses offered through accredited organizations.

Perhaps more than any other type of financial investment product, real estate offers numerous opportunities to generate profits. With adequate training, investors can learn how to generate positive cash flow in any market or economic conditions.

The Internet offers easy access to numerous real estate training courses and online seminars. Public libraries can also be a good option. Most libraries offers a variety of investing seminars presented on VHS and DVD which can be borrowed at no cost. Although courses offered through libraries are often outdated, they still provide valuable information to novice investors.

It is always wise to conduct research about companies or individuals offering real estate training seminars and home study courses. Anyone can publish a website and claim to be a successful investor. Spending a little time checking their background can prevent spending money on courses that don’t deliver on promises.

Real estate training courses can be as concise as a one or two day program or as complex as two or more years of education. It’s best to create a list of investing goals and expectations to determine what type of education is required.

Take time to research the various types of real estate to determine which is best suited for your budget. Determining the type of properties can help narrow down the type of training required to reach your goals.

Last, but not least, talk with other investors and inquire where they obtained training. Contact local realtors and ask if they offer investment seminars or can recommend local workshops. Review real estate Classifieds of local newspapers or online bulletin boards such as Craigslist, to locate real estate training events hosted in your area.

About the Author: California real estate investor, Simon Volkov shares information and resources for a variety of

real estate training

programs, along with investment tips and strategies. Simon also offers a variety of investment opportunities via his website at

SimonVolkov.com

.

Source:

isnare.com

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By Floyd J. Tapia

The latest report by First American CoreLogic seem to say the worst as far as home equity. They estimate that throughout the nation, homeowners who have negative equity may not see any improvement until 2014 or as late as 2016 as far as seeing any positive equitable changes to occur.

But the news may get even worse instead of better. For homeowners who are living in certain parts of the United States where it is being considered severely depressed markets, those consumers in a “underwater” or negative equity position may have to wait till 2020 or later for any positive news.

Current statistics are showing that an unbelievable 11.3 million homeowners are in this underwater equitable state when it comes to their home equity. This is a ghastly 24 percent of the U.S. mortgage market at the end of the fourth quarter in 2009 according to CoreLogic.

St Louis lending experts are somewhat sure and are now saying that the largest decreases in overall home prices has already hit the consumer. But questions arise as to the actual time frame it will take for these borrowers to recoup their original home investment.

Homeowners throughout the nation are wanting answers to this financial horror story and by using projected future home values and unpaid principal balances for a selected set of Core Based Statistical Areas (CBSAs), CoreLogic is optimistic with figuring out how long it will take for the average underwater consumer to return to positive equity.

According to these initial projections, it will take the average borrower until 2015 or even the early part of 2016 for negative equity to completely disappear. And that is entirely dependent on how quickly this recession ends and if new jobs start opening up for those unemployed.

But on the other hand, let’s take Detroit or similar cities that have been economically devastated. They have been and still are facing historically severe housing market. They may not see any form of positive equity until 2020. And it is being said negative equity has been and continues to be a trigger to strategic default.

There have been reports that the United States Treasury Department is going to approach various lenders and mortgage servicers to offer homeowners principal reductions on their home mortgages by making this available through the Federal Housing Administration (FHA) refinancing division. This seems to be the optimistic solution to this mammoth problem.

Whereas millions of hopeful consumers including St Louis mortgage owners are awaiting the day that their homes start appreciating and it time that will happen, an economist shared a more direct solution stating that by paying down one’s own loan balance it would no doubt bring about a quicker solution to this negative equity debacle.

Now as far as loan payments and price increases are concerned, St Louis mortgage brokers are saying that over the next 10 years, the average loan balance will decrease by an annual rate of 3.3 percent. But the average home price is expected to increase at a 3 percent annual rate over the same time period. Again, not much profit as regards home appreciation. We will have to wait and see.

About the Author: If you are wanting the best lending options on a St Louis refinancing and cash-out refinance or various types of St Louis home loans, visit our St Louis mortgage broker websites or call Steve, Doug or Floyd Tapia, the host of the St. Louis Refinancing Mortgage Minute at 877-334-0210 or 314-334-0210.

Source: isnare.com

Permanent Link: isnare.com/?aid=531122&ca=Finances

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By filing chapter 7 bankruptcy in Portland, you are liquidating your properties and assets to fulfill your financial obligations to your creditors. This form of bankruptcy requires that the judge assign a trustee to oversee all sales of these items and distribute the funds to your creditors to pay off your debts. In some cases, it is possible for the judge to discharge some debts based on their balance and type. To discuss these matters completely with an attorney, contact the Law Office of Horak and Boyd.

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Bankruptcy is a method of protecting your company from litigation by your creditors. Once the debts are included within a bankruptcy claim, your creditors cannot file a lawsuit against your company in an attempt to collect. It also prevents foreclosures on business properties and assets. Through bankruptcy, you can protect properties such as your home and personal vehicle and prevent seizure or foreclosure. Some debts are discharged through bankruptcy based on their balance and the type of debt.

Local Bankruptcy Attorney

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Summary

With chapter 7 bankruptcy in Portland you will liquidate properties and assets to generate funds. These funds are utilized to pay off your debts and managed by a trustee assigned by the court to your case. Your trustee reports back to the court as your debts are paid off in full. Once all debts are paid, your bankruptcy claim is discharged and any restrictions that applied to the operations of your company are lifted. To discuss Chapter 7 bankruptcy with an attorney call Horak and Boyd Attorneys at Law.