New Changes at Fannie Mae RE: Using Investment Property Income to qualify

This just in from my underwriting department:

Fannie Mae announced a information regarding their policy on renting out a previous home to purchase a new home. The only way rent will be allowed (at 75%) is if that property has 30% in equity as determined by an appraisal. So, to use rental income on a property that was the borrower's previous residence, an appraisal is required on that property. If there is equity of 30% - a lease can be obtained and 75% of it will be used to help offset the payment.

I hope that helps.  Probably not the news people want to hear, but it's better to know up front than after putting a deal together and sending it to an underwriter.

Let me know if I can assist you with you mortgage needs.

~ Anthony

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Details about the Real Estate, Tax Planning, and Legal Strategies Seminar this Saturday in Scottsdale

Here are the details regarding the seminar my real estate investment group is sponsoring this Saturday, August 23rd in Scottsdale, AZ. We are sponsoring this, so it is free, but seating is limited. I've got a few tickets left, so please contact me to get registered if you are interested.

Our guest speaker with be Mark Kohler (Attorney, CPA, and Author) who wrote the best selling book, "Lawyers are Liars: The Truth About Protecting Your Assets" and he will be discussing tax planning and legal strategies for real estate investors. No matter what you know about real estate or tax planning, you are sure to learn something that can save or make you lots of money over the long haul.

Here is a snap shot of what you will learn:

  • Why Multiple 6-Figure Income earners pay less taxes than individuals earning $50,000 per year.
  • How different legal entities can benefit you as an individual, real estate investor, or business owner.
  • How to earn money in the real estate market - regardless of what the market is doing!

I look forward to hearing from you and I hope you soon before the tickets are all gone. Even if you don't live in town, it's worth the cost of driving or flying out.

Wishing you success!

Anthony

P.S. - You need to register by Tomorrow at noon so I can get you in the system and have your ticket emailed to you. Contact me at 800-453-9290 or anthony(@)atozlender.com

 

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The Loss of an AMAZING musician - LeRoi Moore

I normally don't write non-real estate blog posts, but the more I hear about people dying, I guess I get more sentimental. As a fan and follower of the Dave Matthews Band, I had the honor or hearing LeRoi Moore live on several occasions. He was one of the best saxophonists in the business and he will be missed. Join me in keeping his close friends and family in prayer.

Here is a video tribute to LeRoi:

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FREE Real Estate Investing Seminar - August 23rd, Scottsdale, AZ

Who says you can't get something valuable for free? We are holding a free all day real estate investing seminar in Scottsdale, AZ.  Space is limited and it is by invitation only.  You MUST pre-register as you must have a voucher to attend, so get a hold of me as soon as possible (my contact info is at the end of the post).

So why free? First, becasue it is a great way to give back to the community.  Second, anyone who knows me or had read my blog posts knows that I am a 100% beleiver in real estate investing to create long term wealth and I want the chance to prove it to you.  People have come from these one day events and made money just from what they learned, so it's the real deal, not just a teaser to get you to buy something.

Even if you don't live in the area, it is well worth the trip to fly out for this (and if you fly out, I will buy you dinner).

Contact me ASAP as the spaces are limited. I can be reached at 800-453-9290 or anthony@azrebsi.com.

See you there!

Anthony

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Why the Real Estate Guru Programs Don't Work (and What Does Work!)

We've all seen them, the late night real estate gurus showing you how to make money in tax liens, foreclosures, brokering notes and the like. I know I have and I have even spend money just to see if there was something there that I didn't know. As a real estate and mortgage professional, I often found something of value which expanded my knowledge and put me in a better position as a real estate investor. But what about the average person who has no experience, can they succeed?

During these shows, you will hear success stories from seemingly average people who have above average success. There is always a disclaimer saying that the results are not typical however. Here is why they don't work:

1. We all have different learning styles. If you buy a video and your learning style is a reader, you might have some trouble absorbing the materials (and vice versa).

2. People are often skeptical of the upsells. Most of these companies will try to offer you coaching or hand holding services, but you called on the $39 offer, right? Not wanting to be sold, you decline all of the offers - but what you don't realize is that the odds dramatically decrease for your success without a coach or someone to walk through the process with you.

3. It's nearly impossible to go it alone. Most of your friends and family will give you a hard time about your purchase and you will very likely become quickly discouraged unless you find others to help you stay motivated. If you haven't done anything before it's always much harder and the success rate is always much lower.

4. You Don't Have the Resources. Investing in real estate takes lots of resources. You need attorneys to do title searches, appraisers to help you find value, contractors to estimate and repair properties, agents to help you sell your properties, mortgage lenders to help you finance your purchasers, property managers to help you screen tenants, and the list goes on.

Here is the Good News!

I am a part of a local real estate community that addresses each of the challenges above and then some, and gives you the best chance for becoming a successful real estate investor and entrepreneur. Here is what we've got:

1. Solid Training. You can learn the A to Z's of real estate from people who are currently investing in your local market.

2. Coaching. You will also have people that have "been there" who will eagerly help you, or even partner with you on your first few deals to help you achieve success.

3. Resources. Not only do we have the real estate professionals, but we have access to the properties that are ready for our students to move on.

4. A Proven System. Our system is hands down the best on the market. You won't find it sold on late night TV, but your neighbor just might beat you to it.

You will learn multiple real estate investment strategies, including:
- How to buy real estate with bad credit
- How to buy real estate without having any money
- Creating financing strategies
- How to earn short term profits in real estate
- How to creating passive income through real estate
- How to retire wealthy by investing in the right kinds of real estate
- How to help people facing foreclosure
- So much more!

If you are interested in learning the A to Z's of real estate investing to to take advantage of the rock bottom prices accross the valley AND learning how to help your friends, family, and neighbors that are facing foreclosures (and earning some money in the process), then call me ASAP at 800-453-9290. Our team has limited availability for the amount of people was can train at any given time. One last thought. Keep in mind that since 1963 the median price of real estate has increased every years except for two. Sure, we have seen some lows in the valley, but in real estate what goes down, must come up over time. Now is the time to get in the game.

I look forward to hearing from you and I wish you success!

Anthony

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