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Realty411 Guide
By adm1n
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By adm1n
… Knock it OUT of the BALLPARK!!!
Are you ready to Skyrocket & make 2015 the Year of Success?
We want to help you by increasing your connections.
Realty411 is hosting expos around the nation to unite
like-minded people who want to be SUCCESSFUL in
Real Estate – Personal Finance – Life – Business
Join us to mingle, connect, network and LEARN…
Beverly Hills MasterMind and Mixer
January 28, 2015 – VIP Tickets $50
RSVP:
http://beverlyhillsmastermind.eventbrite.com
Special Hors d’Oeuvres
Stuffed Mushroom Caps
Tuna Tartare on Baguette
Mini Crab Cakes
Mini Meatballs
Filet Bites
(U.S.D.A Prime)
Non-Alcoholic Beverage Included
Cash Bar Available – Fantastic Collection of Fine Wines & Spirits
This event features Top Producers and Brokers from Beverly Hills and Out of State,
Private Money Lenders, Sophisticated Investors, Plus Local & National Industry Leaders
Orange County Real Estate & Tech Expo
February, 28, 2015 – LIMITED Free Tickets
RSVP:
http://ocrealestateexpo.eventbrite.com
The WHO’S WHO of the Industry is HERE, such as:
* Syd Leibovitch, CEO of Rodeo Realty *
PLUS, COMPANIES WE ARE WORKING WITH FOR THIS & UPCOMING EXPOS:
Rodeo Realty, Kent Clothier with Find Motivated Sellers Now, Creative Success Alliance, uDirect IRA Services, Robert Hall and Associates, Reesio, Dave Franeki with Capstone Realty, Kathy Fettke with Real Wealth Network, Anthony Patrick with New Harvest Ventures, HomeVestors of America, Randy Hughes, “Mr. Land Trust,” Dave Linden with The Largest Mixer, Rich in Five, REI Lynx, Inc., Robert Fragoso, SB REIA, OC REIA, The Funding Warehouse, The Mortgage Office, Black Belt Investors, Pat James, The Power Speakers, Gary O’Neill with Realty Consultants of America, Zinc Financial, Gary Geist with Home Replay, Paul Fink, Los Angeles Investment Club, Dave Linden with Largest Mixer, REI Lynx, Inc., RealtyRewards.com, Capital Cove, Kenny Dewan with Monday One, Rich in Five, Bottom Line Inspections, Steven Kendis & Associates, Lady Landlords of America, Summit Assets Group, REI Wealth Monthly, SocialZing, East Coast REIA, Gentry Real Estate, Steve Bighuas, Pat Jame, Total Solutions Alliance, Summit Assets Group,
+ more to be announced soon ….
— Special Event Totes Courtesy of Realty Mogul —
By adm1n
Is this as good as it gets? Heck no! It gets even better than you can imagine…
You’re invited to our complimentary Bay Area Real Estate Investors Expo in Emeryville on Saturday, December 6th from 9am-5pm. This Expo benefits the Toys for Tots Foundation, founded by the U.S. Marine Corps.
If you can’t make it, simply invite someone else who can network for you. Join us for a Merry Christmas!
Meet local leaders and national educators — Mingle and connect with exhibitors, speakers and other investors and entrepreneurs. Both local and out-of-state professionals will be in attendance.
Free limited tickets: BayAreaRealEstateExpo.eventbrite.com
You’ll meet and mingle with investors who can help you “blow the lid off” your portfolio. If you’re already seasoned, there’s always something new and exciting to learn… And a lot of new people to meet. Step “outside of the box!” and have some fun!
Here are just a few things you’re going to learn…
* How you can END the hassles of owning investments by “becoming the bank” (Chuck Tralka)
* How you can leverage your credit score to 800+ and get CHEAP money (Merrill Chandler)
* How to nail-down “hot spot” investment GOLDMINES – nationwide (Kathy Fettke)
* How you can take advantage of North Dakota’s state OIL BOOM (Kenny Dewan)
* Success tips from the author of “Landlording Without Losing Your Mind” (Missy McCall Hammonds) who has over 250 rentals
* Advanced Tax Strategies that may save YOU thousands of dollar * Learn to Take Control of Your Future by Self Directing Your IRA (Kaaren Hall, uDirect IRA Services)
And much, much more!
Free limited tickets: BayAreaRealEstateExpo.eventbrite.com
Please invite everybody you know by forwarding this email — And, bring along some friends.
A donation of a toy for Toys For Tots is also appreciated.
Mark your calendar so you don’t miss out!
By adm1n
What are hedge funds buying in lieu of foreclosures and REOs?
Notes.
What are notes?
Loans that are secured to property (often referred to as mortgages).
Why is this an attractive investment?
Remember all that shadow inventory we expected to hit the real estate market? What happened to it? How did the foreclosure crisis end so suddenly?
Simple: Big banks have found it much easier to work around strict foreclosure laws by selling their performing and non-performing notes to hedge funds, rather than go through the strict and litigious foreclosure process.
It’s estimated there are approximately 10 million of these notes out there – and they are not going to investors through the traditional channels.
If you are looking for discounted property, you won’t find it at trust deed sales or from REO brokers anymore.
Today, you get it from hedge funds who have bought these distressed assets in bulk for pennies on the dollar – in the form of NOTES.
There has never been a better time to understand the note business.
This is the last remaining strategy for buying distressed real estate assets at discounted prices.
In this very exciting Real Wealth Investor Academy event, we have brought our members the nation’s most experienced note buyer to teach us:
Note buying can be as easy as owning stocks, with the additional benefit of personal control over your investment. And note buying can be easier than being a landlord, while providing steady, passive income.
Our speaker has over 30 year’s experience buying and brokering over 30,000 notes. He is truly one of the best and most experienced in the business. He will demystify the process of buying notes and provide clear action steps to get started.
This training is appropriate for two types of investors:
You are invited to attend this special Real Wealth Investor Academy event and join other investors who want to build and protect their wealth through savvy real estate investments.
Come learn the 4 simple steps of buying notes for pennies-on-the dollar. You will also learn very detailed due diligence techniques that can be used to buy both income property and notes.
Event Logistics:
We are hosting 3 mini events around the bay area prior to the full day training on Saturday, August 16th. These mini events are free to attend and will serve as a primer for the full-day training on Saturday.
The full day training event is for FREE for Real Wealth Investor Academy members.
You can sign up for the Academy here.
General Admission for Non-Academy members is $150
SACRAMENTO – Free Introduction to Notes Event
Wednesday, August 13th
Hilton Sacramento Arden West
2200 Harvard Street
Sacramento, CA 95815
7:00PM – 9:00PM
SUNNYVALE – Free Introduction to Notes Event
Thursday, August 14th
The Domain Hotel – Sunnyvale
1085 East El Camino Real
Sunnyvale, CA 94087
7:00PM – 9:00PM
PLEASANT HILL – Free Introduction to Notes Event
Friday, August 15th
Pleasant Hill Courtyard Marriott
2250 Contra Costa Boulevard
Pleasant Hill, CA 94523
12 Noon – 2:00PM
SAN MATEO – Full day Real Wealth Investor Academy Training Event
Saturday, August 16th
Hilton Garden Inn
2000 Bridgepointe Circle
San Mateo, CA 94404
9:00 AM – 5:00 PM
So here’s the bottom line: You can receive passive income investing in notes. Feel good about your investment because you’ve provided a solution for other people. Earn positive cash flow while getting a phenomenal deal. Provide borrowers with an alternative solution to foreclosure and ruined credit.
If you’re ready to learn how other cash investors have replaced stocks and REOs with notes and want to build your portfolio earning a full-time income with minimum capital, I encourage you to click below to see if we still have seats available.
By adm1n
By adm1n
“Picking a lawyer or closing agent for a multi-million dollar home or property is a lot like buying detergent,” says Guy Rabideau of Rabideau Law from his office located on ritzy Palm Beach, Florida. “A lot of buyers and sellers go with the same attorney or agents that their parents used. Plus, like detergent, or any similar product, the cost is pretty much the same no matter who is selected to assist.”
According to Trulia, the average listing price for Palm Beach homes for sale on was $2,149,229 for the week ending March 5, 2014. Yet, closing costs remain the same no matter who one uses and, no matter the cost of the residence.
“The only thing we or any other closing agent acquires is the premium – in essence a seller in Palm Beach County receives free legal counsel since we don’t charge above and beyond the premium,” says Attorney David. E. Klein of Rabideau Law. “It is the same rate as everyone else. The cost of the closing agent does not set the rates. It is the premium on the residence or building.”
“Wealthier buyers or sellers may have an advantage here only because of experience,” says Klein. “Buyers of multiple properties may, through experience, already know this. The fees are the same for using either a paralegal service or Blue Chip law firm. However, a law firm may be more equipped to assist buyers and sellers for unforeseen issues that might arise.”
According to Klein, most of the complicating issues don’t come up at the closing table. They are more likely to come up between signing a contract and closing.
A whole host of issues can arise up before the parties exchange the keys. Some common matters may include financial or informative errors that prevent closing on time; a failing termite inspection or extensive damage; the home isn’t insurable; the buyer gets cold feet or the seller backs out; the home inspection reveals major defects; there are clouds on the title such as a property lien, and more.
Perhaps the building or home is in a special residential district such as having ocean access. Then it may help a buyer to have an attorney experienced in maritime law.
“A relationship between a lawyer and client can go far beyond a one-time encounter,” says Klein. “A property transaction can serve as a good opportunity to ‘try out’ your attorney for a longer term estate planning relationship. If you feel your attorney gives you unique attention, expert counsel, and timely advice, this is the person or firm you want to have represent you for years to come. Not just a closing as a title agent.”
Why Location Matters
“To be honest, you don’t put a law office in the town of Palm Beach if you aren’t a highly successful, highly knowledgeable real estate lawyer,” says realtor Jerry Cahalane of SellInSouthFlorida.com. “If you don’t have the success or contacts behind you, it would take a lot of gall to put in a law office there. Truth is, I send someone to Rabideau Law because the record and history speaks for itself.”
Long time Palm Beach Broker Associate Jim McCann of the Concoran group mirrors that sentiment. “I always refer and rely on local, competent professionals. We have a lot of people look at Palm Beach as a second, third, or fourth home coming from out of the state or country. There may be significant differences in tax laws that affect their decision. Local attorneys can explain the pros and cons of moving a main residence for homestead protection. Buyers moving primary residence may benefit in that Florida does not have state income tax. An attorney can run through the options and can speak to real estate taxes and asset protection.”
“I use Palm Beach real estate attorneys at Rabideau Law because they have local knowledge and understand the nuances to zoning codes, renovations, or add on. Also, many of our important homes have historic or landmark preservation aspect that needs to be researched in advance,” says McCann.
McMann also cites federally mandated minimum flood elevation and, most of Palm Beach has further requirements to address that. “To hire an attorney outside of Palm Beach,” says McMann, “they would have to research that stuff. That is true of any town whether in L.A., New York or Texas.”
Why Nice Matters
One thing most all agree on, “nice matters,” a lot.
“Ours is not an adversarial. relationship,” says Klein of Rabideau Law. “Being the nicest and smartest person in the room helps to make us the best attorneys. In real estate transactions, you’ll rarely hear us raise our voice to anyone. It provides no benefit and doesn’t serve us or the clients. We’re here to be as helpful and pleasant as possible. Okay, we may be stern sometimes, if an issue goes on and on.”
That level of “nice,” also extends to a company’s web site. “Corcoran.com is a very user-friendly web site,” says McMann. “About 85% initiate their search for realtors on the internet. These are relationships with a lot of trust involved.”
The Rabideau Law site is also easy to navigate. It’s not full of lengthy text or a jumble of options. “Buyers and sellers are busy people. They have a myriad of issues to consider and wealthy clients include CEOs, CFOs, business owners, et cetera,” says Klein. “We keep the information brief and provide one-on-one consultations. Each relationship is unique.”
“We’re willing to bend over backwards to get things done,” add Klein. “Countless number of times we meet on weekends, evenings, go to people homes or even a hospital in event the elderly can’t get out. You’ll see us running around town making sure things get handled and get handled immediately. We deter any delay or potential problems. That service we provide sets us apart and gives us a good reputation. Work hard and we are very friendly about that.”
“We are asked frequently for recommendation of attorneys,” says McMann. “If someone is coming out of state or the country, they may have law firm. But not a Florida firm. The last thing I want to do is refer someone and have it be unpleasant. Rabideau delivers that quality every time. I would do the same thing for someone buying in California, Arizona, or New York. If asked for a referral, I use my contacts to research the best real estate attorneys for those high end zip codes.”
Special Situations
Last year, Rabideau Law handled over 50 closings for multi-million dollar properties. On average over 250 plus total closings each year. According to Klein, no one ever asks them how many multi-million dollar properties they closed in the past year. Rabideau Law is highly discreet about sharing numbers. However realtors like Jerry Cahalane are impressed.
“There is a big difference between the financial aspect a property over a million dollars,” says Cahalane “A lot more involved in the needs of the buyer. A lot more that can go wrong. Not with the house itself but different aspects of closing. A tremendous amount of houses that close are put into trust. A lot of pricey houses are bought under corporations. For example, if someone is buying a 5 million dollar property under a corporation, it may be for privacy sake.”
“Even the wealthiest buyers might say to me, ‘my mother’s boss is a realtor so I use him.’ Or, ‘my mother’s friend uses a family attorney, so I use them.’ How is that person exactly qualified? Word of mouth advertising is good to an extent. But when talking hundreds of millions dollars of real estate, you shouldn’t go with someone just because your friend said so.”
Cahalane advises caution even when it is someone you know personally. “Someone may be known to you, but in this transaction, it doesn’t mean you know him or her professionally. If you use the wrong lawyer and it is a million dollar plus property and they make an error, that is colossal.”
TOP SUGGESTIONS FOR WHEN YOU SHOP YOUR REAL ESTATE ATTORNEY…
1. Location, location, location of your attorney, not just your property. “We have intimate knowledge of Palm Beach,” says Klein. “We deal with the town all the time. We are familiar with certain issues that come up repeatedly. We know all the high end realtors and deal with them over and our dealings go smoother. That familiarity is hugely important over someone not working in that market in a day-to-day basis.”
2. Are they nice? Manners count. Things like returning calls and email quickly. Keeping it low stress.
3. Recommended? If so, by who? And ask why. What do they know about the attorney or closing agent? If they say, “they’re a family friend,” consider if that makes for the best choice. Would you buy a detergent just because your friend tells you to?
4. Is the web site easy to navigate?
5. How important are degrees? Not as much as you might think. It’s who they know sometimes more than what they know.
6. Do they know the condo commando and rules? Buying a condo or in a gated community can be a maze of by-laws and community regulations. “Palm Beach has an impressive array of pricey condos,” says Klein. “We make an effort to know who we need to contact with the various associations. We regularly touch base with managers, obtain condo documents or sign affidavits to clear up title. These relationships are built over 15 to 20 years. We value and nurture professional friendships. A better working relationships with realtors, town officials, and condo associations helps to clean up any issues that delay closings.”
7. Multiple homes in multiple locations? Definitely look for someone with that additional expertise.
8. Must you meet face-to-face? If you live in Canada and plan to buy in Texas, no need to pay the attorney’s air fare, room, and board. Due diligence matters whether you meet face-to-face or virtually. Try a few test emails or calls and see if you get a fast response. No one wants a disappearing attorney the day before the closing whether in person or on speed dial.
9. Is the area in a special needs location?For example, Florida is more likely to have attorneys who know about Maritime Law than someone in Iowa.
10. Don’t base your decision on fees. Everyone gets paid the same no matter who you use – blue chip, tony Palm Beach address or an office under an overpass. You decide.
ARTICLE COURTESY OF:
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