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Buying Free and Clear Houses is the Ultimate Investment in 2009

I have recently had a chance to speak with renowned Real Estate Investment Expert, Teacher and Marketer Richard Roop and he kept talking about “Free and Clear Houses” as the way to go in this turbulent market. In Richard’s own words “It’s a real estate investing “cash flow business model” that works anytime, anywhere and on any type of real estate. It works in slow markets, normal markets, hot markets and post-hot markets like California, Florida and Arizona. It’s a laser guided approach… very specific and targeted. It’s a simplified approach with every step of buying and selling made easy and systematic.”

According To Mr. Roop “Free and Clear Money Machine” is the ultimate strategy for 2009. When compared to all the other models like wholesaling, retailing, lease options, rehabbing, foreclosures, etc., it provides the longest list of benefits and solves most all of the challenges real estate entrepreneurs face sooner or later.”

In this multi-Part Article we will go into detail on how this powerful, yet simple and easy to do Investment Strategy works in the Real World.

For more details and free articles and videos on this subject go to http://www.free-and-clear-cash-machine.com/

1) Houses with Lots of Equity is your Target House

Many real estate investors have discovered that when there’s more equity in a deal, there are more exits and more ways to create a better offer to the seller.

If a home has no equity then you usually have to create it by discounting the debt or waiting years… hoping the home appreciates. The benefits of targeting houses that are free and clear (or have very little debt) include:

- If you need cash for buying and getting a homes occupied, you can take a loan out against the equity (without bank qualifying) using hard money loans, or private investors.

- Not only can you raise cash for a down payment, repairs or remodeling, paying off liens, marketing expenses and holding costs BUT you can also pull out some EXTRA cash on the day you buy.

- Contrary to what a lot of investors may think, sellers with free and clear houses in many cases do not need any of their equity in cash right now. If they did, they would have pulled it out sooner.

- Sellers with high equity tend to be elderly and for the most part like the idea of receiving a monthly income. This allows you to buy in installments, paying the seller off with the income from the property.

- A lot of free and clear houses are non-owner occupied and the seller might be facing a big tax bill if they received all their money at once. You can help them defer or stretch out their tax bite by having them finance your purchase.

- You will find landlords with multiple properties who want to eliminate all their management hassles and sell all of them to you.

For more free information, articles and videos on Richard Roop and his Free and Clear Cash Machine please go to http://www.free-and-clear-cash-machine.com/

Richard Roop Free And Clear Cash Machine - Part 2

When investing in Free and Clear Property (or Real Estate with high Equity) it is crucial to know what steps to need to take to make sure you achieve the success you are out to get.

Follow these steps to make great offers on free and clear homes:

1. Find out what price point you expect to get by quickly offering flexible owner financing to a buyer

2. Determine the minimum monthly income you can get each month

3. Determine the minimum profit you want make

4. Add up your projected costs for marketing, buying, funding and selling

5. Sum up your projected costs for repairs and holding cost until Sold or rented

6. Decide if you are going to pull out some extra cash when buying

7. Determine how much Funds you will need to come up with from the outside (other people’s money) to fund the deal

8. Determine the cost per month of raising these funds on a private investor 1st mortgage

9. Determine the overall cash flow which should be clearly positive (and calculate without including any eventual monthly payments to the seller on a second mortgage)

On such a free and clear deal Your max allowable offer (MAO) equals:

* Your resale price, minus your estimated profits, minus all your cost to buy, hold and sell, then

* For the Length (in months) of your seller carry back loan - add the total positive cash flow then

* For the length of your seller carry back note - add the total principal reduction

If at the end of the day when you buy that property you follow this rule and don’t offer more than this final number, then you should be able to meet your target profit goal.

The great thing about this investing method is that you structure 0% seller financing with the Owner of the home. And there so many unique reasons why sellers are accepting offers with no interest on their equity.

Many investors don’t think sellers will accept 0% financing, or wait 5 to 15 years for their money… but they do… and they do it all the time. But only when you ask.

The Seller financing advantages for you are just great.

* You can collect all the passive and positive cash flow on the Home (or land) when the seller accepts no monthly payments. If you could net $1,000 a month for let’s say 7 years (= 84 months), would that be worth getting involved?

* Any property can be made cash flow when you only offer the seller monthly payments based on what the house can truly afford. and when you make monthly payments, these payments are principal only and will quickly pay off the house… creating a huge backend profit for you. If you could purchase a home with no money down, get at least a breakeven cash flow, and then at the end after 3-10 years collect $50,000 or $100,000 that woudl be a good deal, right?

* And if you like, you can pull most of your profit out in advance… in cash… on the day you buy it. There’s no rush to quick-turn these properties when you have no money tied up in the deal and you’ve collected an extra $10,000 or $30,000 in cash on the day you bought it.

It may seem dificult, but it is not. The marketing process is easy. Pre-screening these seller leads is easy (Tip: If the seller owns the home with none or almost no mortgage… go see the seller!). The Negotiation and the structuring of the deal is a systematic step by step process. The Homes you purchase using this investing model are extremely easy to quickly occupy or resale.

Use the steps above to structure multiple offers and then recalculate different offers based on:

1. Having the seller be cashed out at the end with no payments until then. (they wait for ALL their equity) 2. Sharing or passing on of the net cash flow each month to/with the seller, 3. Giving the seller some cash as a down payment now and 4. Some combination of cash down payment now, monthly cash flow and cash later to the seller

Sound too good to be true? You’ll never know unless you try and believe it work for you. Click the link below to learn the innermost secrets of how Richard Roop can teach you many people have done this and how you too can get freedom through Free and Clear Houses.

Here’s some Real life Proof to get you excited…

* How Mark from Virginia netted an extra $10,000 in cash at closing buying a $165,000 house with no money down, creating 0% financing with the seller for 7 years at $400 a month.

* How Mike from Washington realized an extra $25K cash at closing when he purchased a house for $120,000 with no money down, and a 0% seller financing note at $500 a month for 8 1/2 years.

* How Denise and Mark from California bought a newly remodeled $400,000 house which can rent at $1,800 for just $290,000 with no money down, creating 0% financing with the seller at $800 a month for 10 years.

Richard Roop - Free Videos on Buying Free and Clear Houses - Review

In the last 6 months have you tried speaking to a bank about getting a Mortgage? Try it and once you see the troubles you will appreciate this Review.

It has gotten so difficult to get any kind of bank loan that many real estate investors have just plainly given up on and have left the field to anyone with loads of Cash.

But it doesnt have to be that way. What most people forget is that 35-40% of all homes in the U.S. are owned Free and Clear (or almost free and clear). And these sellers are begging you to buy their home from them (their buyers cant get a bank loan) and are even willing to finance you without a bank involved.

In his new Training Program Richard Roop has put together a comprehensive and very usable program on how the normal beginning investor who might be attracted by the super discounted Real Estate prices in the post Financial melt-down real estate market, can be successful in a low risk but high rewards Home Based Business.

Low Risk, because Richard Roop covers in detail how you buy Properties with lots of equity, at purchase prices and more important financing terms that beat any bank. Low Risk, because you dont have to speak to any financial institution to get the deals done. Low Risk because when you enter into a transaction if you know upfront: - That you will make a profits - The house will provide a positive cash flow - you will know exactly what amount of profit you can reasonably expect from the transaction. - How you can get some of that Cash Profit out of the deal right at the beginning when you buy. Low Risk because these deals will not go on your credit. Low Risk because you dont use your own money to get the houses.

High Reward, because Richard Roop teaches you in detail how you can - Calculate upfront what to offer to virtually lock in your profits. If you cant get that price, then dont buy the house. - Structure deals such that you often get $500 and even up to $1000 per house in positive cash flow. - Design the deal such that you get paid up front when you close.

If you can entertain the possibility to make $6,000 to $30,000 per Home you buy by going after properties with lots of equity and Free & Clear Properties then this Teaching should be the perfect program for you.

This training program is designed just in time for the current environment of Credit Crunch, “Bank Bailouts”, and “Tightened Lending Requirements.” Instead of joining the groups of people who complain about the bad economy, Richard Roop has created this great program allowing you and anyone interested in taking advantage of this short window of time and opportunity, to buy more houses than you can handle with better terms than banks can offer and through this build a portfolio of homes that can provide the cash flow and financial stability so many are looking for.

To get more details about how this program works click on the link below and watch the Free Video where Richards program is being explained in detail.

Enjoy The 8 Benefits Of Owning Your Own Apartment Building

The opportunity to become an apartment building owner with tenants is one of the best types of ventures to look for when desiring a good business. People are constantly looking for places to relocate for various reasons. The first step is to acquire some financial security from a service such as the California commercial lenders to seek the money that will enable a person to buy such a building.

Now that you are the proud owner of your own apartment building, there will be a sufficient monthly income stemming from each of the apartments that were once vacant. Now you have created a nice income that can be used for whatever reasons the owner wishes. Another benefit is you are the boss, you say what goes on and set the rules of the house. Anyone that does not obey, can be evicted.

The next benefit is the in house apartment that can be all yours. You will not be paying any rent because it is useless to pay yourself, unless you have another business entity that needs an office. You could use one of the apartments as a tax write off for another business affair, by claiming it as an office and using it for this purpose.

Another enjoyment that can be a benefit from owning an apartment complex, is the collateral that can be used for gaining other money makers. Once an institute such as the California commercial lenders appraises a building that will be used as collateral the amount of funds that can be borrowed raises dramatically. This will help you to finance other methods of generating good old cash.

While owning your own apartment building you will build trust and respect relationships with your renters. As long as you make the rules of the building known, and enforce them consistently your renters will show you the utmost respect. Then you will not have to apply the negative side of your responsibility, by throwing people out of your building.

Per say, you own the apartment building for about twenty years. You get everything established and you expand your business ventures. These businesses will provide an excellent amount of income for those that you love when you pass away. List the beneficiary with your desired stipulations and remain calm, knowing that they will be financially stable after you are not there to provide for them.

When you look over the amount of benefits on this page resulting from the purchase of an apartment building bought via California commercial lenders, you have bought a lot more than a building. You have set yourself up as a business, getting your part of business benefits, and you set your family for life. All these benefits are included and many more.

Screening the renters is vital to maintaining the shape of your apartments. You are in control of whom is able to rent from you and how long. As a great man once said, “One bad apple in a basket with good apples, will ruin the whole bushel”. This is not what you want to happen.

Las Vegas Shows and Life Style

A visit to Las Vegas will never be complete without watching one of the major shows that the city is known for. A cruise on the strip would barrage your eyes with larger than life invitations to witness some of the grandest shows on earth.

If you want to see one of the shows you have quite a choice to make and a wide range in costs as well. If you want to see one of the more famous entertainers, it will cost you a lot more than one of the lesser-known acts. You can choose from singers, comedians, magicians, to hypnotists and impersonators. Las Vegas has it all when it comes to shows.

Some of the high end shows are quite breathtaking and productions of this magnitude can only be seen in a place like Las Vegas. For instance, the Blue Man Group does put on shows from time to time in other cities but nothing can compare to the show they put on at their home stage in Vegas. Everything is bigger and better in Vegas and the shows are no different.

The ultimate in Las Vegas entertainment is the Cirque du Soleil. Its an experience of a lifetime that will leave you in awe of the performers ability to take you into their world and temporarily be part of it. Walking into the theatre alone is an experience you will never forget. If you want light entertainment, there are several comedy shows that can tickle your fancy. You can choose from a number of veteran stand-up comics or you can go to several clubs that host improvisation comedy.

If you are looking for something a little less on the dramatic side, you can choose from one of the many comedy or variety acts. Las Vegas is a popular stop for many Hollywood actors and comedians as they pick up a little side money between main gigs. In fact, more than a handful of stars have become primarily in Las Vegas and made a career out of it.

People go to Las Vegas to have fun and spend money. The spectacular shows are one way that they can have that fun and see things they would never be able to see in their hometowns. Of course, like everything in Las Vegas, they can come with a steep price tag but people still seem willing to pay it.

Work Out Your Foreclosure And Keep Your Home

The last thing anyone wants to loose is your house. Unfortunately even though we know this fact, sometimes we tend to take our mortgage payments for granted and end up loosing our homes. In this case, a home foreclosure will happen. When a borrower fails to pay his or her mortgage for a number of payments (usually 5 or 6) the lender will issue a foreclosure by selling the house or repossessing it.

More often than not banks often lead the homeowners to believe that they don’t have other options available. However there are other alternatives that homeowners can use to keep their house.

These are some of the options that homeowners can use.

Short stop

You can get a short refinance for the foreclosure of your property. If you don’t want a new loan to cover an existing one, you can ask the help of a friend. A borrower’s friend or relative can buy or pay off the mortgage.

Negotiate a payment plan

You (the homeowner) agree to pay a portion of the amount and agree to pay the rest in the following months. The homeowner also shows proof of their income and pays a down payment. This is a much easier way and most lenders agree to this plan.

Change the plans

In some cases a temporary change in the terms of the loan can be given when properly negotiated. These changes include but are not limited to, amortization extension and reduction of interest rate. A foreclosure negotiator handles the job of getting these plans approved.

Third party sale

The property on foreclosure is sold to a third party. The proceeds will go to the mortgage lender as a settlement for the debt.

Friendly third party sale

The third party who buys the property sells it on foreclosure to clean the deed of other holders. Then, in turn the property is sold back to the borrower.

The above mentioned are just a few ideas of what you can do to keep your home if faced with foreclosure. Do not be afraid to ask for help. Be forward and upfront with your lender if you have fallen on hard times. If you have to take a second job to earn extra money then do it. It is far easier to work to stay out of foreclosure then to try and fix it once you have gotten a notice.

What is an REO?

REO properties were generated from foreclosed properties from home owners who can’t seem to pay their mortgage. Once papers are cleared, title is then transferred to Banks or Financial Institutions, REO owned by bank or any financial institutions come up for resale after paper work related to transfer of ownership is completed.

The best thing about acquiring REO properties is that you get the best deals, because it is being sold to its original condition. And you can always improve it later on if financial situation improves. So you get the property cheaply.

Banks determines the price after a lengthy appraisal process and the appraiser check if the house meets the Minimum Property Requirement if old and if new meets the Minimum Property Standards.

All REO’s may be sold either through direct loans or guaranteed loans, direct loans are funded by the government through its rural housing plan where low income family gets the advantage.

The creditor receives the amount loaned directly from the USDA Rural Development and the standard time limit for repayment is 33 years, so low income groups can have a good house without any hassle. And the Agency will give loan seekers options for payment depending on the capacity of the borrower to pay.

Guaranteed loans are for higher income groups it is called 502 guaranteed housing loans these loans are given from different lenders either from banks or credit unions.

The USDA Rural Development gives the lender a note for them to give the amount to the property buyer which fortunately gives the buyer a 100% of the value including the cost of repair and reconstruction. This type of loan must be paid with in 30 years.

Making Costa Rica Your Second Home - Investment One Should Consider

With many ocean front real estate properties in United States expensive, more US people are turning their move on the overseas and having many properties around 70% cheaper than United States and better capital growth there. Not only this, however making Costa Rica your second home is 3 hours from United State and gives fantastic way of living.

Cost as we see is 70% less than in US, and making Costa Rica your second home is affordable to huge number of the people, however buying second home at Costa Rica gives something more.

Average costs have risen to around 300% in last 10 years and many investors in correct locations have also tripled money in a few years. The future potential for making Costa Rican your second home as well looks very good when going forward as foreign investment soars and economy booms. You will gain tax benefits while making Costa Rica your second home & government wants tax, investment and red tape are also kept minimum.

Costs are on increase and therefore are the rentals, as more tourists visit here before. Property is cheap and so living costs is also very cheap. Making Costa Rica your second home on $2,000 each month and want to dine out and $12, fancy maid for full time and $150 every month

While making Costa Rica your second home it is good to know you are investing in the stable country, where you can enjoy similar rights as residents and it has some powerful ties with United State. This is not case with other US countries; therefore Costa Rica gives you peace of mind when investing in Costa Rica.

Voted top adventure spots in the world, Costa Rica also gives you some amazing beaches, stunning rainforest, pacific Caribbean, hills, majestic mountains, volcanoes ad vast wildlife. Making Costa Rica your second home is three hour flight form the southern US as well as time difference is just of two hours. Proximity and ease of access from United State is a major reason for entry of the people who buy second homes. Unlike some other US countries crime and drug wars are non existent and very low crime rate is one reason for many people who are coming to live in Costa Rica

With more Americans making Costa Rica your second there is a large variety community and friendly locals. Pace of life is relaxed and for people who want more peaceful environment Costa Rica will offer this and lots more. Economy is growing very strongly since 1997 that is seeing dramatic change in infrastructure as more and more people purchase property it means: More growth on the second home at Costa Rica, good rental income as well as more amenities to take pleasure!

Enjoying the Lover’s Beach in Cabo San Lucas

Water sports enthusiasts, adventurers, tourists, travelers, golfers, sport fishing enthusiasts, celebrities, students and most especially beach lovers have been drawn to Cabo San Lucas because of its beautiful beaches, great fun, and recreational activities.

Most say however that you haven’t gone to Cabo San Lucas until you have stepped on the Lover’s Beach. Truly, the beach has an amazing picturesque view that is perfect for lovers and for any vacationer as well.

The Lover’s Beach is quite isolated from other beaches in Cabo. Although secluded, the beach is still a popular place to visit in Cabo San Lucas as the amazing rock formations that partially covers this beach gave it its enchanting beauty.

Aside from its breathtaking sight, the Lover’s Beach has also some excellent snorkeling and scuba diving sites that you can enjoy. However, your diving tour or your guides can tell you the snorkeling and scuba diving spots in the beach, as there are particular areas that are not quite good for the activity because of big waves.

The adventures in the Lover’s Beach start from the ride towards the beach. As the place is secluded, you can reach the place by hiring water taxis. These water taxis can also tour you to yet another Cabo’s famous landmark, the El Arco or ‘The Arch’. It is a rock formation that forms an arch on the shore.

The water taxi operators will most likely inform you of the designated places for snorkeling if you want to engage into the activity when you are in the Lover’s Beach, thus it is important to heed their advice.

The beach is bare of any stores or any establishments where you can buy food or beverages. So going to the Lover’s Beach will require much preparation when it comes to food and drinks. Especially if water taxis will not wait for you on the beach but will just fetch you at a predetermined time and you intend to stay a little longer at the beach, you should bring food and drinks with you.

At times, going to the beach is an adventure itself as you may encounter big waves along the way, especially in the month of September when waves tend to be huge in areas around the Lover’s Beach. If you want to avoid situations like this, you might want to avoid going to Cabo in September.

A Trip to the Lover’s Beach in Cabo San Lucas

Water sports enthusiasts, adventurers, tourists, travelers, golfers, sport fishing enthusiasts, celebrities, students and most especially beach lovers have been drawn to Cabo San Lucas because of its beautiful beaches, great fun, and recreational activities.

Vacationing in Cabo is almost synonymous to going to the Lover’s Beach - because it a must-visit place when you go to Cabo San Lucas. The beach has an amazing view that would surely captivate tourists visiting the place.

The Lover’s Beach is quite isolated from the rest of the beaches in Cabo San Lucas. It is partially hidden from view by huge rocks that form amazing sights and towering the beach. The place also has clear waters and at times huge waves that come clashing to the shores.

Aside from its breathtaking sight, the Lover’s Beach has also some excellent snorkeling and scuba diving sites that you can enjoy. However, your diving tour or your guides can tell you the snorkeling and scuba diving spots in the beach, as there are particular areas that are not quite good for the activity because of big waves.

The Lover’s Beach cannot be reached by foot so you will actually need to hire a water taxi to go there. Water taxis and even glass-bottom boats are available at the marina for rent. When going to the Lover’s Beach, you can also get to see another famous landmark of Cabo San Lucas and that is the El Arco, or the Arch.

The water taxi operators will most likely inform you of the designated places for snorkeling if you want to engage into the activity when you are in the Lover’s Beach, thus it is important to heed their advice.

The beach is bare of any stores or any establishments where you can buy food or beverages. So going to the Lover’s Beach will require much preparation when it comes to food and drinks. Especially if water taxis will not wait for you on the beach but will just fetch you at a predetermined time and you intend to stay a little longer at the beach, you should bring food and drinks with you.

Sometimes, going to the Lover’s Beach may mean meeting huge waves along the way. If you are not comfortable traveling on huge waves, you may not schedule your Cabo San Lucas vacation on September, as huge waves may come and visit Lover’s Beach at this time.