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Erin Newington, Sacramento Mortgage Planner

May 19th Elk Grove Investor Club - Power up your foreclosure buying power for 2009!

Join at the next Elk Grove Real Estate Investment Group meeting!

Tuesday, May 19th

Networking 6:30-7pm
Meeting 7pm-9pm

calendar

Join us for a live mortgage update at the
Elk Grove Real Estate Investment Group!

This month's meeting topic will be:

"Power up your buying power for the coming flood of bank owned deals!"


Banks are holding back their inventory of bank owned homes. In fact in Elk Grove alone, there are well over 500 homes that have been foreclosed on and are currently empty and NOT listed for sale!

We have seen our inventory in the Sacramento market deplete especially in the lower end of the market (under 150k). We are seeing multiple offers (in that price range) and banks are holding their cards close to their chest and letting buyers absorb some of the inventory.

The next wave of homes is getting closer, so don't believe all the hype... there are still plenty of great deals around the corner!

Right now is the time to prepare yourself and power up your buying power.

Lending guidelines are getting tighter and those who know how to play the new game will win!

The time of getting a loan just because you have a pulse is over! Lenders and their underwriters are digging deep into loan files looking for any reason why you as a borrow can not qualify!

On one hand as an investor you want to take advantage of every legal tax loophole you can in order to offset any income. On the other you want to go to the bank and ask for a loan when your tax returns say you made little no money (if you have a good CPA) last year.

During this month's meeting we will teach you how to increase your buying power no matter what your circumstances are. Conventional lending or hard money loans... it does not really matter. If you want to play the investment game... we will help you get clear on your options.

The goal of this meeting is to help you get clear on what you have to work with, what type of financing you can use, and what type of deals you should be looking for based on your situation.

We will also show you pictures and samples of recent investor deals and teach you how the Investors structured their contracts to benefit them.

Remember if you are our client... you get in for FREE!

We will see you there!

Meeting Location
9275 E. Stockton Blvd (In the meeting room)
Elk Grove, CA 95624
Networking 6:30-7pm
Meeting 7pm-9pm
We meet the 3rd Tuesday of the month!
Members are FREE
Non-Members $15
CALL Erin at (916) 226-9617 for more info or visit the website at

This event hosted by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com
www.SacramentoMortgageUpdate.com

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Want to learn to be an Investor? Join us for our Sacramento Investor Boot Camp and Foreclosure Bus Tour!

Ticket to Sacramento Investor Boot Camp

If you are thinking about buying an investment home in your near future...
this is the event for you!

We are excited to announce we have partnered with Lori Mode and Bruce Durham at Keller Williams Realty to bring you Sacramento's Investor Boot Camp and Foreclosure Bus Tour!

Join us on Saturday, June 6th, for this intense training designed to give you the tools you need to purchase investment property in today's Sacramento and Elk Grove real estate market.

Frankly, there are deals everywhere... it is just a matter of picking which one meets your needs.

Most folks get stuck right there... because they get intimidated to move forward. Our job during this Investor Boot Camp is to give you the information you need to get into action.

Once you take the fear out of the decision... because you have done your homework...the rest is a piece of cake.

Not only will we teach you everything you need to know to prepare for buying investment property, we will take selected "recruits" in the streets to get hands on experience evaluating real live opportunities.


If you are interested in joining us... ENLIST TODAY >>

This blog by:

Team Newington
Sacramento Mortgage Planners
First Priority Financial
(916) 687-6868

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Client Success Story (see pictures): Hard Money Loan Helped this Investor Make a Profit!

Our Client's Success is Our Success!

Hard Money Loan Helped this Investor Make a Profit!


BEFORE PICTURES



kitchen

bathroom

AFTER PICTURES

new front of house

new kitchen

new bathroom

This Sacramento bank owned home originally sold in 2006 for $240,000!

We assisted our Client to take down this home with hard money so that he could quickly flip it for a profit!

Many people are put off by hard money terms since they are much richer than a conventional loan.

BUT... these loans can be well worth it if you find a great deal!

Purchase Price: $71,000
Sales Price: $112,000

Keep in mind that there were costs involved with this transaction (rehab and closing costs)! The client ended up walking away with well over 20k in profit and flipped it from start to finish in less than 2 months!
Congratulations Mike!
If you have any questions about hard money loans inside or outside of the Sacramento area, please give us a call!

This blog by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com

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Join us tonight at the Sacramento Real Estate Investors Club for a live mortgage update!

sac reia logo

Join us tonight at the Sacramento REIA for a live mortgage update!


Thursday, April 9, 2009
7:00 PM to 9:30 PM

(Network Dinner & Registration begins at 6:00 PM)

Location: 2840 Auburn Blvd Sacramento 95821


THIS MONTH'S SPEAKER!

TIMING THE CALIFORNIA MARKET 2009

With Robert Campbell

The questions on everyone's mind these days are; "What is going on with the Real Estate Market? Where is it going next? And the BIG question; When is it going to hit bottom?" SacREIA's April Keynote speaker has some possible answers.

Introducing Robert Campbell author of Timing The Real Estate Market.

Robert Campbell is a real estate advisor and author. His book "Timing the Real Estate Market" (Third Edition - 2007) is the only book ever written that presents a clearly defined method for predicting the coming peaks and valleys of real estate cycles. Called "The Campbell Method", Robert says it's the greatest real estate timing model the world has ever seen.

Based on the five key trend indicators presented in his book, Robert also publishes "The Campbell Real Estate Timing Letter", which is the only real estate timing advisory for California investors. For the past 28 years, these key trend indicators have correctly predicted which way California housing prices have gone with a success rate of over 80 percent. You can see this for yourself by looking at the charts for San Diego, Los Angeles, and San Francisco at www.CaliforniaRealEstateTiming.com.

As Robert explains it, he has been living and breathing real estate from the time he learned how to walk. The son of a successful San Diego homebuilder, he started investing in real estate at age 24, borrowing $14,000 from his parents for the down payment on a 6-unit apartment house. After doing some cosmetic repairs and raising the rents, he sold the property for an $11,000 profit one year later. He was hooked.

Since then, Robert Campbell has had a multifaceted 38-year real estate career that includes:

  • As a real estate investor, he has bought and sold over 40 rental properties.
  • As a real estate developer, he has built over 50 homes and apartment units.

This event is FREE! for Members,

$20 for non-members

Click the link below to register by email

>Register Now!

This blog by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com

Subscribe to our Blog Feed

Investors ...don't forget you need to be on title 6 months before you can pull cash out!

I just wanted to post this reminder of a recent change in guidelines regarding cash-out refinances.

In our Sacramento Real Estate Market many investors are taking down (investor talk for purchasing) homes with cash. This way they are able to close quickly and often times get a discount on the home because they can close in less than 2 weeks.

In the past all investors had to do was close escrow, then turn around and pull most of their money out by obtaining a new mortgage after the fact.

I just wanted to post this reminder that if you are going with a conventional program (Freddie or Fannie), you will need to own the property (and be on title) for 6 months before you will be able to pull any money out.

If you do not plan for this upfront, it might throw off your investment project numbers so be aware!

This blog by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com

Subscribe to our Blog Feed