Real Estate Investing

City of Phoenix Receives $40 Million To Buy Chase Bank Foreclosures

There is a new program to the City of Phoenix that will provide assistance for a homebuyer to purchase a foreclosed property from banks. This program works like other municipal bond programs. The money is used for down payment, and closing costs assistance. The borrower will need to contact one of the 4 counseling partners [...]

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Fannie Mae Unleashes Residential Real Estate Investors

Fannie Mae announce new guidelines for those homeowners who own more the 4 financed properties or would like to buy additional rental properties. In Announcement 09-02 Fannie Mae stated, “(We) are committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery and Fannie Mae’s [...]

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For Sale $47.5 million Arizona Real Estate Tax Liens

The beauty about real estate is there are so many ways that you can invest.  You don’t always need a perfect credit score and hundreds of thousands of dollars  sitting in the bank. To play in the real estate tax lien investing niche, you do need laser-beam focus and pounds of perseverance. Maricopa County, Arizona [...]

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8 Dates You Must Know For Arizona Real Estate Tax Liens

Mark Manoil wrote a book called, “Arizona Property Tax Lien Primer. Below are important property tax time frames that you must remember. If you want to be involved with Arizona real estate tax lien investing, you will probably want to bookmark this page. Arizona Tax-lien timeline January, Year 1 – A lien for taxes is [...]

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7 Ways To Protect Yourself From Horrible Section 8 Renters

When I was in high school, I heard my first horror story about the danger of renting to a section 8 renter.  A friend of my father, who had recently divorced, decided to rent out his too-large-for-one-person home. He wasn’t a real estate investor, or expected to be the next Donald Trump; he was just [...]

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Where To Find Information On Self-Directed IRA/401K Investing

Have you ever lost nearly $175,000 investing in the stock market? I haven’t, but my newest investor clients have. I don’t know the final straw that finally broke their confidence in the brokers of Wall Street. It could have been when they didn’t get out in time during the “dot.com” crash (lost $125K); or when [...]

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New Appraisal Requirements For Extreme Declining Markets

Arizona, Nevada, California, and Florida are currently classified as Extreme Declining Markets by Fannie Mae and Freddie Mac. As a result of this new classification, FNMA and FHLMC will require the following on all appraisals (this only applies to declining market areas): 1.  The most recent and similar comparable sales available as part of the [...]

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Donald Trump’s The Celebrity Apprentice Fires Gene Simmons

 The legendary investor Warren Buffett speaking to graduation mba class part 3 Every Thursday night I watch Donald Trumps’ The Apprentice.  I enjoy both its entertainment value and the business lessons it demonstrates. This season is called the Celebrity Apprentice. The celebrities are not vying for a $100,000 job with Donald Trump, they are raising [...]

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Myths About Buying Foreclosures

This year thousands of homeowners will step into the abyss of having their homes foreclosed. The number of folks who think that buying foreclosures is easy, is staggering. But that is simply not the case. There are so many things that can go wrong when trying to purchase a foreclosed property. Foreclosures simply aren’t easy [...]

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