In This Edition

Click Here for Part 1 of The Perfect Storm

The Perfect Storm Part 2 - By Mike Jacka

Currently we are in a Buyer’s Market Phase 1 for real estate and for the Economic Cycle; we are in the Conserving Phase. Refer back to last month’s article, issue 48, December 2008, for the market cycles. We have gone through these cycles many times in the past. Any one of these is easily manageable by themselves. Actually, we could even handle both at the same time, like we are experiencing now. However, there is a third item that has been thrown into the mix which has created our very own Perfect Storm, the Financial Melt Down. All three of these market cycles have had down turns throughout our history, but when they are all in a down turn at the same time, and no one planned for it, let alone saw it coming, we have trouble. This is evident by the way congress and the white house has been reacting to this mess. Let’s take a look at what happened, and then we will discuss how this has created one of the greatest opportunities for real estate investors who know how to deal in the creative side of real estate... Read Full Story

It's Time to Do It Again 2009 - By Richard Flint

There are two ways for a lender to take back real estate used to secure a promissory note by way of a mortgage. First, the lender can initiate a foreclosure by action. This is when the lender actually starts a lawsuit by serving a summons and complaint seeking the recovery of the real estate while preserving the ability to pursue a deficiency judgment. In other words, after they get the real estate back and resell it, they can pursue the borrower for the difference between the promissory note and ultimate sale price... Read Full 2009 Article

Q: Can I buy the foreclosure rights from someone in foreclosure? Such as the redemption rights.

A: Yes, usually after the Sheriffs Sale, the Homeowner will have the Right of Redemption for a specific time frame.  The Seller technically still owns the house and has the right of possession, to redeem the property or sell the property.  You can buy the property from the...Read Full Answer

Q: How do I go about evicting a disruptive tenant?

A: That depends on the type of agreement you have with the tenant.  If the tenant has signed a lease for a specific time frame, then the only way to evict them is if they have violated the lease agreement.  The most common violation is nonpayment of rent.  There usually is some kind of terms in the lease that would be a type of...Read Full Answer

Ready to Join me for a GREAT 2009?

It’s that time of year again, when we sit down and reflect on the previous year and look forward to the year ahead of us. This past year has been filled with extreme swings in the economy and our emotions. For some people 2008 was a great year and for others it was a nightmare. I have been caught right in the middle of both, so I guess for me, everything evened out and it was a year that makes me look back and ask, what the heck happened. I had some winners and some losers. The losers of course came in the last quarter of the year and I did pretty well during the first 3 quarters of the year... Read Full Entry

Richard Flint is an amazing personal development speaker who is well known both inside and outside of the real estate investor community.

With the new year upon us most of us have made resolutions and our raising our hopes for what we can accomplish in this new year.  We have been listening to Richard Flint for a long time and we can honestly say that adding Richard Flint's message and signing up for his Morning Minute will definitely increase your chances for success with your resolutions.

There is a 14 day trial for the Morning Minute where you've got nothing to lose and everything to gain!

Click Here for a Great New Year!