How about a "Bail Out" (or Bridge Loan) for all of the Investors who bought property from 2002-2005 & are now upside down Big Time.... But, seriously now, this is a pretty interesting chart of how many people are impacted by the auto business, according to state.
http://www.freep.com/article/20081202/BUSINESS01/81126099
For the "native" Detroiters, it's been a tough ride for a few years now.... We've seen family & friends lose the income that they've relied on for 20-30+ years. Whatever happens (Gov't loan or not), I hope the Big 3 get back on track sooner rather than later.
Darian
Wow! Check out this video depiction of the number of foreclosures in Wayne County Michigan.... What a time to be investing in Detroit! .....
http://www.inman.com/blog/2008/11/18/foreclosures-hitting-wayne-county
130+ pages of foreclosures in Wayne County alone. The Gold rush is on!! ..... Investors who do things right in this market will prosper. Those who lack the proper training & support risk the possibility of becoming a casualty of the Detroit Real Estate Investing Market. Call us (1-800-792-8372 x7922) to learn how to thrive in this market or visit us online at www.Investor-Helpers.com.
Great Investing,
Darian Moore
United States of America (Press Release) November 20, 2008 -- Speaking to a room full of new investors, Business & Financial Services Coach S. Gabriel Shumba discussed the importance of establishing a proper Business & Legal Structure when investing in Real Estate. Shumba was the main speaker at the November meeting of the 10 part series "Business Fundamentals 101 for the Metro Detroit Real Estate Investor", organized by Investor Helpers, LLC, a Real Estate Investment Consulting firm located in Plymouth, Michigan. Specializing in Real Estate Investing in the Metro Detroit area, they have become one of the most sought after group of experts for what their clients call a "One Stop Shop" approach to the Detroit Real Estate Investing Business. Offering real estate training seminars and real estate investing workshops on a regular basis, they also have field consultants to mentor newer investors to help them navigate through the process of real estate investing with confidence.
"I've spent numerous years in the financial services industry, consulting many of America's Fortune 500 companies, & there are certain principles that investors need to apply to run their Real Estate Businesses at a much higher level", Mr. Shumba said.
Darian Moore, managing partner of Investor Helpers, said "our goal is to provide knowledge & resources to the Detroit Real Estate Investing Community. By assembling a team of local experts to support new investors, we're helping them avoid the many potential pitfalls that come along with this business."
Some of the upcoming classes include:
Free Real Estate Investing Information for the Beginning Investor
When: Tuesday, November 18, 2008
From: 6:30pm to 8:30pm
Where: Investor Helpers, 40600 Ann Arbor Rd., Suite 100, Plymouth, MI 48170
Topics Covered:
- How to get started
- Building your "Team of Resources": Contractors, Title Co., Real Estate Agent, etc..
- Locating funding sources: Hard Money, Mortgage Brokers, Business Lines of Credit
- Becoming an effective Real Estate Investor
- Ways to get started when you have challenged credit
Free Business Fundamentals 101 for Real Estate Investors
When: Thursday, December 4, 2008
From: 6:30pm to 8:00pm
Where: Investor Helpers, 40600 Ann Arbor Rd., Suite 100, Plymouth, MI 48170
Register for any of these free classes through one of the following methods:
Phone: 1-800-290-8372 x7901
Email: support@investor-helpers.com
Website: www.investor-helpers.com
Did you know that most business lines of credit for the newer Investor are still personally guaranteed?
There's a misconception that because business lines of credit (and business credit cards) don't report on your personal credit file, that you can default & not be responsible for repaying. Nothing can be further from the truth. Though keeping the business credit off of your personal credit file is one of the great benefits of getting it lined up, if you fail to pay them, the lender will be able to go after you because of the personal guarantee.
We recommend that our clients also establish non-personally guaranteed business lines of credit. Not to get around paying back their financial commitments, but to add that extra layer of protection between the business & their personal assets.
Stop in for a free consultation to learn more about non-personally guaranteed business lines of credit.
To view a more extensive offering, feel free to call us at 800-290-8372 x7922 or visit us online at www.investor-helpers.com.
Great Investing,
Darian - The Investor Helper
email: support@investor-helpers.com
"Helping Real Estate Investors is our Mission"
We'd like to welcome you to the world of Real Estate Investing. As experienced investors who've seen many people struggle to get started in this business, we strive to help new investors transition from the seminar classes to the closing table (fyi...that's when you get your check).
From securing business lines of credit to finding terrific deals in your desired area, we're on the ground with you to increase your chances of success during the most crucial part of your investing career, your first 2-3 Deals!!
To view a more extensive offering, feel free to call us at 800-290-8372 x7922 or visit us online at www.Investor-Helpers.com.
Great Investing,
Darian Moore
Managing Partner
email: support@investor-helpers.com
Website: www.investor-helpers.com
"Helping Real Estate Investors is our Mission"
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Investor Helpers is a Real Estate Investor training firm located in Plymouth, Michigan. We provide classroom seminars and local field training to beginning investors in the Metro Detroit area.
Investor Helpers is a Real Estate Investment Training and Consulting firm located in Plymouth, Michigan. Specializing in Real Estate in the Metro Detroit area, we serve as a valuable asset to beginning investors and experienced investors alike. Our team of consultants help individuals make the best decisions and find the best properties to give them the most return for their money. We are best known for our "One Stop Shop" approach to the Detroit Real Estate Investing Business, and our real estate investing workshops & seminars give investors the best knowledge to navigate real estate investing with confidence.
We Focus on Training and support for new investors, as well as providing local on the ground support for out of state investors who desire to invest in the Detroit Michigan area. We have exceptional knowledge of Real Estate & Real Estate Investing in the Metro Detroit Area. We also have specialized knowledge of seller financing, Hard Money lending, and foreclosure investing.
We have Video & Picture Testimonials for those of you who like variety.
Here's a recent project completed by one of our Beginning Investors.
Here's another great job by a New Investor.
Here's a New Investor getting some pointers from a contractor.
Pardeep K - Michigan
I want to thank you guys for walking me through my first deal. You made something that I was so nervous about go about as smooth as I could have imagined. You provide a much needed service in this industry.
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AFTER
Laura T. - Michigan
Your company took what I had learned in the seminars & helped me put it into action! I probably wouldn't have jumped in if it weren't for the Investor Helpers, LLC on the ground support. I would recommend that any new investor link up with your system to get going.
BEFORE
Steve W. - Ohio
It's still hard for me to believe that there's actually a company that will help Real Estate Investing "Newbies" make $15,000+ on their first deals. After spending thousands & thousands of dollars on seminars, Guru tapes & books, and "Telephone Mentors" all I had was an empty bank account & maxed-out credit cards. When a friend recommended Investor Helpers, LLC to me, I was so encouraged & excited to have local professionals work by my side to help me do the things the Guru's from other States couldn't. Like walk through houses, analyze deals, & help me find an exit buyer for my property. I'm so exited about getting another BIG check!
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Dave & Janice H. - Michigan
My wife & I had "the paralysis of analysis" for 2 whole years before hearing about Investor-Helpers, LLC (we were so scared to take action). When you explained your system to us & it's simplicity; no subject to's, no note buying or tax liens, no creative financing stuff, just good old fashioned buy-renovate-sell, it made perfect sense (the fact that you did so much of the heavy lifting on our first deal also helped). Now that we know the Hard Money Lenders, the Title Companies, the Asset Managers, & other resources you provided, the sky's the limit. Thanks for helping us get through those early deals with no disasters (and with Thousands of Dollars in Profit too).
AFTER
Jim & Vanessa L. - Michigan
Thanks for all the support you provided us. We've come to realize why many new (& seasoned) investors get tripped up in this business. At every stage of the process you were there to help make sure we avoided the land mines. We never expected you guys to also help us market & sell the house like you did. $16,000 in 90 days was way more than we expected.
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