ROBERT A.SWETZ - Commercial Real Estate

Owner Financed/ Owner Will Carry Real Estate Properties

There are many different ways of getting financed to purchase Real Estate.

There are Banks, Private Investors, etc. There is also Owner Financed/ Owner Will Carry (OF/ OWC) which I have used many times when I was purchasing Lake properties in the Midwest.

One of the great advantages of OF/ OWC is it's all up to the Owner and not the Banks, etc. You can still run credit checks which of course is a good idea, but many people interested in purchasing Homes, Vacant Land, businesses, etc., are being shut down by the Banks, etc., refusing to finance them.

It's not always about credit and I have never been fond of Banks, Corporate America, and FICA Scores. I think it's all created to rob people of their money with high Interest Rates.

For example: A bad strike on your credit can be created so easy, but try to take this bad strike off of your credit and it's almost impossible.

My suggestion: If you have clients out there that have terrible credit scores and really want to purchase, and they have very good jobs and money to put down, try getting the property OF/ OWC.

One of the reasons I like OF/ OWC is for any reason you void your contract, instead of the property going back to the Bank (Corporate America), the money put down, etc. goes back to the Owner.

Right now I am looking at some property in Northern California, 25% down, Owner Financed/ Owner Will Carry and take over their payments. It's a great deal and a great way to purchase Real Estate.

I have never had a problem with it and have purchased 6 different properties like this in the last 20 years.

Right now, there are hundreds of homes, condos, vacant land and businesses in Las Vegas, Nevada that you can purchase Owner Financed/ Owner Will Carry, forget the Banks and try to get yourself into a home right now. While Home Owners are desperate.

Story by: Robert Swetz www.VegasBuildingsForSale.com

I ran into this Lady at the Venetian a week ago and asked her if she could give me a hand and help me with something, she said I would be more than welcome.

Then I mentioned to her that I have this huge group of friends at the Active Rain Network and there are some that are always looking for a helping hand. She gave me her phone number and told me they could call anytime, Her phone number is 702 (Helping Hand).

So if your ever in a bind and don't have enough hands to do all the things you need in the day, please feel free to call my friend anytime.

She lives in Las Vegas Nevada and is staying at The Venetian Hotel. You can usually find her hanging around The TAO restaurant located in The Venetian Hotel, getting a bit to eat.

Story and Photograph by Robert Swetz 10-28-2008

All photographs by: Robert Swetz and copyrighted/ trademarked by Robert Swetz - Any duplication in any form with out the permission of Robert Swetz will be in violation of a minimum of $2,000 to a maximum of $5,000 dollars - For permission please call Robert direct at: 702-443-7156 or email him at: swetz444@yahoo.com

Should you show homes to clients before loan approval?

This is a good question because I get so many clients that call me and walk threw the door saying, I'd like to look at homes.

How do you tell them in a nice way, have you been pre-approved or approved to purchase a home?

When I was first licensed I would drive all these clients around in Las Vegas, Nevada showing them homes in the $400,000 dollar range to find out their FICA score is in the lower 500s. And even if they did get approved by a lender, the lender will only borrow them $200,000.

I get clients all the time asking if I can get them pre-approved to purchase a home and I explain to them that I am not a lender, that I am a Realtor. When I explain to this to them they look at me and tell me something like in California Realtors do loan approvals too.

I wish sometimes there was this magic wand that I could wave and pow, your approved, I would be a very rich man.

With the way the market is there are so many lenders and banks that will offer loan approval and then before close of escrow back out. It's like a catch 22.

With the price of gas agents can't afford to drive clients around just for a joy ride without loan approval. And after showing them homes the bank tells them they can't borrow them the money because their credit is so bad.

My 400th blog is about the most beautiful lady in the World - by: Robert Swetz

I wanted this blog to be special because of the number and to try and make my wife Nu Nu a part of Active Rain. She always mentions to me that I am wasting my time with Active Rain and I try to explain to her that AR is different than other networks. So this blog is all about the most beautiful lady in the world.

Nu Nu was born in Myanmar (Burma) and it took her 5 years to just come and visit America. When she came to visit America in 2002 she stayed and worked in San Diego, California. It wasn't more than 6 months and she moved to Minnesota and worked in Minnetonka. We met out of the blue one day, she was working at a Sushi place in Minnetonka and we started dating.

It wasn't long before we got married and moved to Las Vegas, Nevada because there was more work out on the West Coast.

We have had a long road dealing with Immigration and the steps involved in keeping Nu Nu her.

The photo below is of Nu Nu and her daughter Cherry who still lives in Myanmar. We have been working many long years trying to get Cherry here.

Before Nu Nu moved to America she was a singer for 10 years and supported her family of 8 people because she had lost her father to Cancer when he was 54 years old. Once her father had pasted away the only income Nu Nu's family had was hers.

Nu Nu also adopted two twin baby boys that were left at the hospital by their real mother when they were born. The twin boys are 12 years old now and still live in Myanmar.

Nu Nu's mother, daughter, adopted twins and 200 other relatives all live back in Myanmar (Burma).

Nu Nu has one of the biggest hearts in the world and she amazes me every day when I see her kindness towards others. She is loved by many, many people she has touched, especially me.

With in Nu Nu's heart is a very simple request from me and others around her. All she wants is for people to be kind to her, nothing more. So, I go out of my way to give her the kindness she deserves.

This ones for you Nu Nu, from your loving friend and husband Robert.

Story and photographs by Robert Swetz

All photographs by: Robert Swetz and copyrighted/ trademarked by Robert Swetz - Any duplication in any form with out the permission of Robert Swetz will be in violation of a minimum of $5,000 to a maximum of $20,000 dollars - For permission please call Robert direct at: 702-443-7156 or email him at: swetz444@yahoo.com

I have been sitting on the beautiful Breath - Taking shot of Clouds in Hurricane Utah and I just had to get it out to my family and friends at Active Rain.

This was taken on a warm Sunday 10-7-2008 and the Clouds in the photograph seem to jump out at you and over power the photograph.

This photograph would make a great picture to blow up to a 11x144, frame and hang on the wall.

Remember everyone, have a wonderful safe-weekend and enjoy some time with your families.

Photograph by Robert Swetz www.VegasBuildingsForSale.com

All photographs by: Robert Swetz and copyrighted/ trademarked by Robert Swetz - Any duplication in any form with out the permission of Robert Swetz will be in violation of a minimum of $5,000 to a maximum of $20,000 dollars - For permission please call Robert direct at: 702-443-7156 or email him at: swetz444@yahoo.com