About Humble's Atascocita

Proof: big-time investing with lousy credit, no money

One person's tragedy is another's fortune. President Obama
announced that the economic meltdown is getting deeper and it will get even WORSE before it gets better.

So where's the fortune? Listen up.

There are thousands of investors out there kicking
serious butt, if you'll pardon the slang. I mean,
there are far more opportunities than there are
investors and wholesalers to take them.

And wait until you hear a story about a guy who
just pulled in over $120,000 on his 1st deal
ever, using the method we shared with
him on our webinar. He started out with $30 in his pocket.

We have had people listen to our free webinar, who
have no credit, no money, and go on to start a
six figure business in short sales.

Here's why they've done this and some haven't:

They took action. The free webinar gave them a
direction, and they followed it. So don't miss out
for this webinar, register right now! Free webinar
will be on Wednesday, Dec 17, 2008.

So please grab a seat (there are 30 left) while they're
still open for this Wednesday, 9:00 PM EST. This is
the money making webinar to start your 2009 out right,
so ... no more excuses: Get your spot by clicking here

My inbox keeps filling up with people whose credit scores are embarrassing and hardly a dime to their names.

Yet they are using our methods to find and resell short saleproperties as if they were high-powered real estateinvestors. So why are not all Humble investors doing the same things?

Check out the Free information and webinar. Let's have a good Holiday And a great recession proof 2009.

Charles Gardner

http://humble-homz.com

Short Sales Riches

Some good news for Realtors and investors!! The CEO of Wells Fargo, John Stumpf, spoke at the Goldman Sachs U.S. Financial Services Conference and was optimistic about real estate sales. "We're not at the end," he said. "My suspicion is there is some more to go. But we're starting to see some early signs that maybe we've reached the bottom in housing or close to it." Stumpf noted multiple bidders have come out to make offers on foreclosed properties.

Check out the Magic Money Formula...

Don't worry; I'm not suddenly promoting some financial equivalent of snake oil that promises an overnight cure to all your financial woes. Instead, we are revisiting a formula first popularized by Dale Carnegie and recreating it for short sale investors.

One of the most difficult things many new to short sale and foreclosure investing encounter is the fear or inability to effectively communicate with potential sellers, banks and other stakeholders. Fortunately, it is easy to improve your communication skills with just a few simple steps.

Step One: Engage. It is important to engage your listener rather than informing them. While education is important, it also has a tendency to put people on the defensive if used too soon. Instead, tell your listener an interesting story that demonstrates the main point of your conversation. Be sure to use the word "because." Research has shown people are twice as willing to do what is requested of them when the speaker simply provides a reason...in fact, even a bad reason will suffice although a good reason is even more effective.

Step Two: Direct. The next step is to outline what action needs to be taken. Use the K.I.S.S. approach (Keep it Simply Stupid) and be sure not to overwhelm your listener. Focus on the main objective or point of action needed and be as specific as possible without pushy. Most important of all, don't assume your listener knows of understands your needs. Even other professionals may inadvertently forget or simply not put a priority on your plan of action if not specifically requested to do so.

Step Three: Benefit. The final step is to clarify how the listener will benefit as a result of your plan of action. Make sure you spell out all the benefits in detail beginning and ending with a big benefit. This part of the conversation should be all about "them" - not you. Don't be afraid or apologetic about making a profit; after all, that is a reasonable expectation for a business transaction; instead, demonstrate that this is a win-win situation for all parties involved.

If your short sale investments are not as strong as they could be or if you find yourself hesitating before negotiations, try this formula for yourself. It's deceptively simple yet effective.

For more of these tips check out our FREE e-book-‘How to Avoid the Top 5 Traps to Short Sale Investing'

Charles Gardner

http://humble-homz.com

http://wwwGreatCashDaily.com

Ouch! The Government Accountability Office, along with the Congressional Oversight Panel for Economic Stabilization, blasted the Treasury Department's management of the $700 billion TARP program. The 38 page document noted that "Treasury cannot simply trust that the financial institutions will act in the desired ways; it must verify." The report further commented that the Treasury had "administrated the TARP without seeking to monitor the use of funds provided to specific financial institutions."

And other eyes were on Capitol Hill today as the Big 3 Automakers got a lot closer to sealing a $15 billion bailout package. The package will lead to the creation of a "Car Czar" to oversee the loan grant, in order to avoid the "take the money and hoard it" approach that many banks have taken after receiving their bailout.

More money is headed out the window to the morons at AIG, the folks who 'partied' it up at the St. Regis and seem to have no ability to control their spending. The Wall Street Journal reported that the insurance conglomerate owes other Wall Street firms about $10 billion for because of speculative investments that didn't pan out.

Gross Income Multiplier

Short sale investors are a different set; they take action when others are too cowardly to act. They remain informed while others rely upon others for information and perhaps most telling of all...they crunch numbers. We examined how to calculate the Cap rate of a property in order to determine the price of an income producing property. Although the Cap rate is a favorite among many bankers and brokers alike, another widely used formula is the Gross Income Multiplier.

To calculate the Gross Income Multiplier you will need to divide the asking price or market value of the property by the current gross rental income (or potential rental). For example, let's assume a home is listed for $150,000 with an annual rental income of $10,000. The Gross Income Multiplier would = 15. The higher the better. To provide some perspective, it may be useful to draw examples from other industries and areas. For example, if you were purchasing a publishing concern then you (and the banker) would expect to see earnings worth

5 to 10 time the pre-tax earnings on an annualized basis whereas insurance agencies sell for 150 percent of annual commissions.

Using the GIM provides an excellent method to compare the asking price with industry norms or as a potential negotiation tool when making an offer for a short sale property. It is a good idea to use conservative numbers when calculating the GIM since it does not take extraneous expenses or future tax and insurance rate hikes into account. Repairs, utilities and other considerations may wreck havoc on even the most robust calculations so it isn't a good idea to use the GIM when dealing with older properties or those in need of extensive renovations and/or repairs.

To continue to find out about what's going on at Capital Hill and how it may affect you as a realtor or investor sign up for our free ebook and receive constant daily updates. The ebook: How to Overcome the Top 5 Traps in Short Sales Investing is FREE!! http://humblehomz-re-solutions.com/shortsale.aspx

Recession Proof Your Income with Short Sales

It's official. The country is in a major recession. "If the idea of rising prices coupled with a falling dollar, economic uncertainty and a pink slip coming soon to cities near you doesn't sound attractive then chances are you have already started your search for safety. Unlike millions of other Americans frantically looking for returns in all the wrong places, some savvy investors are learning how to use short sales to recession proof their income.

Short Sales provide an alternative source of income. Although unemployment rates are rising, to quote a common cliché' "You ain't seen nothing yet". The big bail-out and dramatically reduced lending standards between banks and major corporations has not trickled down to Main Street - yet. Even companies with healthy balance sheets are likely o be negatively impacted by their trading partners or suppliers with less than stellar credit lines or other interruptions. Reduced demand and slumping sales are creating additional pressure likely to result in further cut-backs in coming months. The resulting picture is clear - pink slips, pay-cuts and frozen wages are expected while inflation continues to take a toll on individual budgets. Supplement your income and investments with short sales.

Individual Diversification: Short sales have the unique ability to act somewhat like a hybrid investment/business model. The use of leverage to build impressive equity positions coupled with great tax advantages mimics many of the advantages experienced by small business owners sans the need for inventory, labor and long term commitment to workers compensation etc... while the instant equity, appreciation and ability to maximize returns mimics the best of the investment world. Additional advantages inherent in the holding of tangible assets further increase the individual level of diversification in a paper denominated world.

Flexibility: Perhaps the largest single benefit to be derived from short sales is the flexibility afforded through the purchase of various types of properties. Although most short sales center on single family residential properties, it is possible to purchase a wide variety of commercial, agricultural, retail, commercial or other types of land in addition to deriving benefit via a wide range of other activities including:

• Factoring
• Owner Financed Sales - all or partial.
• Rentals or Leasing - short or long term including vacation, land lease, traditional rentals, Farming, Agricultural, Timber, Mineral, Water or Other natural resources.
• Business use or improvement then sale of business including property or just business while leasing back land/housing.

If you are not into short sales, the time in NOW!! Are you going Broke in Real Estate? Is Your Outdated Marketing Costing You More Money than You Make in Profit? If I could show you a Simple Recession Proof Way to Have 10-20 Highly Targeted Real Estate Prospects Calling You Daily... would YOU be interested? If you could get the System FREE would you be interested??