Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE

REAL ESTATE KEY TO RETIREMENT FUNDS

We have many people worried about their retirement monies being on Wall Street. Many people have lost up to 50% of their total investments. People are looking for alternative investments to obtain a better rate of return. What is the answer? The answer is real estate. I have many people call into my radio show wanting more information on how to use their retirement accounts to invest in real estate. We give people true checkbook control over their money.

CHECKBOOK CONTROL OF YOUR RETIREMENT FUNDS!

Self Directed Retirement Plans's flexible retirement plans have the following features:

• Investment Options - with Self Directed Retirement Plans, you can invest your retirement plan in real estate, tax liens, loans, local businesses, stocks, mutual funds and a host of other options. You are only limited by your imagination! Self Directed Retirement Plans TRUE Self-Directed IRA or 401(k) offers you greater opportunity by allowing you to choose the investments that are best suited to help you meet your retirement goals.
• Checkbook Control - Self Directed Retirement Plans structures your IRA or 401(k) so that you have checkbook control over your retirement plan assets. No more begging a broker to allow you to invest your own money. You are in total control. Participate in time sensitive investments, including foreclosures and tax liens, without the time restrictions of the custodial paperwork process.
• Limited Custodial Fees - Unlike many of our competitors, Self Directed Retirement Plans's fees are not based on the size of your account or on the number of assets it holds. Regardless of the account size, our IRA clients pay the same low custodial maintenance fee of $190 per year. In addition, Self Directed Retirement Plans's structure all but eliminates transactional, asset-based and holding fees. This can save you hundreds or thousands of dollars per year (when compared to our competitors).
• Support to Succeed - With Self Directed Retirement Plans you have access to the support you need to invest confidently. Self Directed Retirement Plans and its affiliates have set up hundreds of people with their own Self-Directed retirement plan. Our tax experts are available to review any transactions you are considering for adherence to tax law guidelines.....this ensures that you don't do anything that would endanger your retirement.
• Asset Protection - In many states, IRA assets are subject to the claims of predatory creditors. If properly structured, your IRA can build a financial fortress around your hard earned wealth.
• True Diversification - Your retirement holdings can now be truly diversified in a number of different assets. No longer are you limited to only the investments your custodian offers.

We have lender who will lend up to 50% on a residential property on a nonrecourse loan. The minimum loan amount is $50,000. So, the purchase price will have to be $100,000 or more to meet the $50,000 minimum loan amount. If you have further questions, please visit my web site at www.deliateam.com or view my profile to contact me directly.

I just want to wish a Happy Father's Day for all the hard working one's out there. I know many of us Fathers work hard each and every day to make it for the family. I am very proud to be a Dad. I encourage all the Dads to have a wonderful time on their day off. Here is one thing that I will be doing tomorrow morning on my day off.

SUNDAY ROAD TRIP WITH THE FAMILY AND A CUP OF JAVA!

CHEERS TO ALL THE DADS

SOLD! SOLD! SOLD! SOLD!

Things are starting to heat up in Phoenix, AZ. Bank owned properties are starting to receive multiple counter offers on properties. That means homes are being priced right so that buyers an investors are competing with one another. Then, the listing agent asks for highest and best offer to drive the price up more for the bank. I have seen prices go between 5-10% of the original listing price. I represent many investors who want deals. Well, that means I am forced to enter the trustee sales at the court house steps.

DEFINITON OF TRUSTEE SALE:

Trustee sales are advertised the day before. In Phoenix, we have three times when you can attend trustee sales. They require all cash and must close the next end of business day. This type of investing is not for first time investors. One must have a Network in place to be successful. The lender who is in first loan position starts the bidding at the amount of money owed to the bank being foreclosed on. Successful buyers receive the trustee's deed.

REQUIREMENTS

This is a public auction, and anybody may bid on the house to buy a house at a trustee sale one should know that:

1. You must provide $10,000 certified funds prior to bidding.
2. Must pay off the entire purchase price in full within 24 hours or by end of business next day
3. Properties sold at the public auctions are sold without warranties. There is a possibility that the property may have liens and judgements tied to the property. One might have to evict the property owner or renter.
4. 50% or more of the homes going to auction that day will cancel by the bank

BUYER BEWARE

The banks are selling these properties "AS-IS." They will not make any repairs. Hence, that is why you are receiving a deep discount. Here are things to be aware of when purchasing foreclosed homes

• All repairs must be fixed by the buyer
• All closing costs related to the purchased are paid by the buyer
• All cash or private money only
• Owners being foreclosed on sell the aplliances, kitchen cabinets, etc
• Odors are left behind from dead animals and/or rotten food

CONCLUSION

I have developed the Real Estate and Beyond Network to assist people in investing in real estate. Trustee Sales is not for novice investors. However, we have a system in place to identify, purchase, and either wholesale or retail the home in this current real estate market. How? We are trained licensed real estate professionals that does the due diligence on each property. We identify properties that are winners for that day. It is true that there is a group of people that control the court house steps. So, they represent us in the bidding process. Their fee is between $2-3K per transaction payable the next day at closing. This way you have one of the sharks on your side. It has been a great experience for many people. One must be patient and in position to pull the trigger when a great deal comes to use. Please feel free to visit www.DeliaTeam.com for futher information on this subject.

Divorce is happening at record levels during these tough economic down times. Divorce is not a pretty picture for anyone involved in it. How does one divide up the money and real estate? I have been contacted several times to list a home involving a divorce. Many times the home represents equity to be split among the couple.

There are 3 types of listing agreements available to divorce couples when listing a home:

1. Exclusive Right to Sell - This gives a real estate agent a commission regardless if the broker sells your house or not in the sale. If you sell your house, then the real estate agent still receives a commission. However, the real estate agent invests time and money to market the property to best sell it in a timely manner.
2. Exclusive Agency Agreement - This is almost the same thing as right to sell. However, the owner is allowed to sell the home without legally paying a commission to the broker. It sounds like a great deal. However, the broker will not invest the time and money if the broker is competing with the owner. It is best to hire the best real estate agent in order to obtain highest and best price for the house and follow it to close.
3. Open Listing - Most agents do not like this type of listing because the first broker that sells the house is entitled to the commission. Agents will invest little time and money on this listing.

Here is an Interview Checklist

Code of Ethics and Professionalism-Realtors uphold code of ethics on a national level. Furthermore, look for a Realtor that comes across professionally and confident. That is the person you want to sell your house. Ask the Realtor if they are a member of National Association of Realtors and their local board of Realtors.

Market Presence

• Local Market Expertise
• Look for an agent with five or more years of experience
• Full time professional is a must while listing your home
• Ask for number current listings
• Do they know the neighborhood statistics in the last year
• Ask for the number of closings per month to show their activity

References-Ask the Realtor for references to follow up on. Plus, Google the agent's name to search for information on them. Asking questions is important

Experience-Ask the agent if they have experience with divorce situations in real estate. If yes, please ask them about the outcomes of each transaction.

Broker Commission-Discuss and negotiate listing commission. Discuss what the agent will do to earn the commission. Ask the real estate agent for a final marketing plan before listing house.

Divorce is happening in your marketplace. Are you tapping into this market? People divorcing need a Realtor to sell their home to fulfull the divorce decree. Are you that professional?

http://www.realestatedivorcespecialist.com/shop/realestate/

The link above allows you to obtain a designation as REAL ESTATE DIVORCE SPECIALIST

Be different and set yourself up as the expert when it comes to Divorce and Real Estate.

I have been in the real estate world several years. I believe the most important thing for an agent to do is to Network. You are only as good as your Network. I have built the Real Estate and Beyond Network from the ground floor. Feel free to visit my Network at www.DeliaTeam.com and hit Network button to view. I know each and every person on my team. I am sure all of us have built our own Networks to be a one stop shop for real estate buyers.

I was trying to recruit a CPA on my team. I thought everything was going well until she decided not join the Network. She has gotten burned before and she believes she is doing the right thing. I had three clients lined up for her. However, I will have to move on. Here is what I have learned when building a Network

1. No botique shops-Network with established people
2. Must be a two way street-referrals going back and forth
3. All members to contribute to the Network when it comes to Marketing
4. Network meets every 6-8 weeks to have personal contact with one another and meet new members
5. No "I" in Team

This has been my experience when forming a network of professionals to assist people to invest in real estate. What has been your experience? Comments will be very much appreciated.

THANKS!