Learn The Best Real Estate Investing Strategies in DC/MD/VA/DALLAS with Milton B. Yates

Learn Real Estate Investing in DC, Maryland, Virginia, and Dallas ONLY $349

2008-04-24T18:26:00.000-07:00

When it comes to asset liquidity, you do have to make choices. Usually, however, liquidity is not a problem if you have substantial home equity. It's true that a few years down the road, you might need a chunk of cash for college tuition or some other big expense. But should you need additional money, there are two popular and relatively inexpensive ways to get it. You could take a home equity loan, which is like a second mortgage. Though interest rates vary from bank to bank, the rate on a home equity loan is usually from one to two points above the prime rate.

Like a mortgage, it has fixed payments for the term you specify, usually for 5 to 20 years. It's true that you will pay interest, but think about it this way. Suppose you put an extra $10,000 on your down payment. If your mortgage charges 6 percent interest, you are saving $600 a year, the amount it would cost you to finance the 10K. It’s as if you are getting 6 percent interest on a savings account. If your home equity loan for 10K charges 8 percent, or $800 per year, in effect it only costs you $200, or 2 percent interest.

A home equity line of credit is another good choice. Instead of borrowing a large sum all at once, you draw money out only as you need it and only pay interest on what you owe.
The interest rates on both are attractive, but they have another advantage. Interest paid on both of these types of credit is tax deductible up to $100,000, regardless of how the money is used. Closing costs for either type of loan are low.

Blessings to your Real Estate Investing Success,

Milton B. Yates
www.miltonyates.com

In Love with Real Estate Investing DC/MD/VA/Dallas...Fannie Who?...Oh yeah...Mae

2008-03-19T06:59:00.000-07:00

You could argue that if Fannie Mae had been around, George Bailey's Building and Loan would not have been in trouble, despite his absent-minded Uncle Billy, and he would not have needed an angel and the whole town to bail him out.

It would still be a wonderful life, but perhaps not as dramatic a life.

Fannie Mae's real name is the Federal National Mortgage Association and it is a federally charted corporation, owned by shareholders, that has one main mission: To make sure there is enough money around that any American who has the resources to buy a home can get a mortgage. But not just any American can pick up the phone and call Fannie Mae.

When you get a mortgage from your local lender, the lender is the one who will be in touch with Fannie Mae. Your local lender wants to make loans, because it makes money (interest) on loans. But each local lender can only make just so many loans with the money it has available. That's where Fannie Mae comes in.

Thanks to Fannie Mae, your lender doesn't have to wait 30 years until you pay off your mortgage so that it can make a new loan to another family. Instead, your lender can sell your loan to Fannie Mae, make some money on the loan, and then loan someone else in your community money for a home.

Fannie Mae makes money because it can borrow at the best possible rate, a better rate than you get on your mortgage. Fannie Mae buys your mortgage for a lower rate than the lender is charging you, then holds your mortgage (or maybe even sells it again) until you pay it off.

In the meantime, you keep right on paying your local lender, just as you have always done.

Of course, Fannie Mae is the mega player in the mortgage paper world. It makes still more money by packaging up your loan with others and selling it in a bundle to investors, pension funds and other groups. Fannie Mae guarantees that the investors get their money, even if you default on your mortgage.

This is where Fannie's government relationship comes into play. If a vast number of people default at one time and overwhelm Fannie Mae, then she has a great ace-in-the-hole: Your tax dollars. The U.S. government has never explicitly guaranteed that if Fannie Mae failed, tax dollars would be used to prop up the corporation. But most people think that is what would happen.

Today, more than 70 percent of American families own their homes. Not a bad track record, even though Fannie Mae is often criticized as a titan that fights regulation and uses its own size and complexity to avoid close scrutiny.

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

Voila: A Crisis in Real Estate Investing Could Be Ending Momentarily…Attention!!!

2008-02-26T16:46:00.000-08:00

As the early days dawn on the new federal economic package, two groups are already pretty stimulated. Real Estate agents and mortgage brokers nationwide are talking about the effects of the $168 billion package that includes new, but temporary, rules for mortgages.

The stimulus package raised the ceiling on the ‘conforming loans,’ those loans that are backed by the Federal Housing Administration and have a lower interest rate. It used to be that conforming loans could be no higher than $417,000. In some parts of the country, San Francisco and other parts of California, most homes sell for more than that so many mortgages were expensive, nonconforming, or jumbo, mortgages. The stimulus package will raise the ceiling to %729,750 for the most expensive housing markets. Other markets could also have their loan ceilings raised.

This means more people will be able to finance or refinance their homes, even if their credit is poor or they don’t have a large down payment. Everybody wants to know what this means for their market.

“In Maryland,” a real estate expert, Ken Montville wrote, “If you don’t buy a home or refinance your home before December 31, 2008 you are at risk of losing a competitive rate...when your friendly neighborhood Realtor tells you that NOW is the time to buy, you may want to listen to him or her…with stable prices, major seller concessions, and low interest rates it is truly the best time in history to BUY A HOUSE!”

Another real estate expert from Orange County, Garry Loss, had this to say: “These fixes will give the financial markets time to heal and restore liquidity to the markets in time. It will also allow thousands of homeowners to refinance their loans to more favorable rates and terms. It will take a few weeks before the change will take effect. As a direct result of the stimulus package, expect demand to increase in Orange County along with a huge refinance boom.”

Real estate experts across the board feel that the government missed a chance to perk up the housing market by tying cash payouts directly to down payments on new mortgages.

Blessings to your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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Term Insurance...A Good Option for Real Estate Investing Homeowners DC/MD/VA/Dallas

2008-02-10T14:41:00.001-08:00

Some homeowners whose mortgages are not covered

by private mortgage insurance (PMI), take out a term

life insurance policy to protect their families in case of

their deaths. According to the New York Times, laddering

such a policy could be a money-saving step. Here is an

example of laddering: For a $300,000 mortgage, three

policies could be taken over time. For the first 10 years, the

policy would be for $300,000. For the second 10, a policy

would be for $200,000, and for the last 10 years, it would be

for $100,000.

Considering the low rates now being offered on $500,000 term

Life policies, a young person who is in good health might

Consider term life to protect his or her family.

Blessings to Your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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How are you affected by your FICO score!!!!

2008-02-04T16:33:00.000-08:00

Fair Isaac Corporation, maker of

the FICO credit score used by 90

percent of banks, says its new

scores will do a better job at

predicting which borrowers will

default on a loan.  Called the

FICO 08, it will be more forgiving

of the occasional late payment but

will take a harder line on repeat

offenders. They predict that the

new system will reduce default rates

by 5 percent to 15 percent.  Banks

and other institutions use the scores

to make decisions on loans, interest,

insurance, cellphones and in some

cases, employment.  One other big

change in FICO scoring is the way

‘authorized users’ of credit cards are

evaluated. It used to be that children

could be listed as an authorized user

on their parents’ cards.  They would

then acquire the credit history for the

card, even though they were never actually

financially responsible for the card.

FICO 08 will eliminate any advantage to

being an authorized user.

Lenders hope this change will eliminate

a legal, but questionable practice of brokering

credit improvement by selling authorized user

status on credit cards.



Blessings to your Real Estate Investing Business,


Milton B. Yates
www.miltonyates.com


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The Most Incredibly Highly Effective Habits of Successful Real Estate Investors Cont'd Part 7

2008-01-30T18:53:00.000-08:00

Budgeting Revenue

We have finally arrived at the last incredibly effective habit of successful real estate investors; budgeting. WOW! This is a tough one ladies and gentlemen. I think it is common to forget, but we all know in the back of our heads that if we do not budget, we are sitting in a sinking paddle boat.

I wanted to share some quick tips on budgeting for your real estate investing business. Enjoy.

Create a worksheet using your bills and payouts for the last two to three months so that you can effective monitor the expenditures.
Make room on your worksheet for rewards for great investing days, weeks, or months.
Go through the books/records and calculate the gross average of income.
For each of your expenditures, determine an amount that realistically reflects your actual expenses and then set a spending level that allow room for saving some of that income.
Subtract the total expenses from the total income to arrive at your net income.
If the number is negative, your expenses are greater than your income. Your situation can probably be greatly improved by changing your spending habits of your real estate investing business.
If you have a positive net income, transfer most of it to a savings or investment account at the end of each month. Extra cash left in a business checking account has a way of getting spent.
After you've tracked your actual spending for a month or two, analyze your spending to identify where you can comfortably make cuts.
Once you've got the budgeting process in place, take an in-depth look at your largest spending categories, brainstorm about ways to reduce spending in specific categories, and set realistic goals.
Update your budget and expenses monthly.

Budget...Budget...Budget!!!

Blessing to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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The Most Incredibly Highly Effective Habits of Successful Real Estate Investors Cont'd Part 6

2008-01-29T23:19:00.000-08:00

Business Partnership

The second to last incredibly highly effective habit of successful real estate investors is having a business partnership. A partner is defined as a person who shares or is associated with another in some action or endeavor. They are a sharer or an associate. A partner is a person associated with another or others as a principal or a contributor of capital in a business or a joint venture, usually sharing its risks and its profits.

It is very important that this person is chosen wisely. A business partner should be like minded and have similar entrepreneurial goals. Here are some major reasons why having a business partner is important:

With a partner, there is more than one brain in operation to discuss and make business decisions.
Great partners are able to share the load and permit you to take personal time needed for family, vacation, or otherwise.
Your partner should be able to compliment your skills. Whatever your weakness within the business, your partner should be the strength in that area.
They also must be able to share in the MAJOR risks when the unplanned occurs - because in any business it always does.

This incredibly highly effective habit can MAKE or BREAK your Real Estate Investing Business. Trust Me. Take your time and choose carefully. A business partnership is JUST LIKE A MARRIAGE. Wins, Losses, and Ties fall on all parties involved. I was fortunate enough to choose the right partner in Valarie Jacobs and together we have become the #1 Real Estate Investors in DC, Maryland, Virginia, and Dallas, Texas. Our company, A.S.A.P. Community Solutions, Inc. has become a powerhouse in real estate investing and looks to move to wherever the market permits. We both are coaching both newbee and veteran investors in their real estate activity and gained a great bit of experience through successes AND failures. So much so that we share them with our students through "the What and the How."

“The What and The How”™ of A.S.A.P. Community Solutions is an educational company that teaches wealth building strategies primarily through real estate investment. The company offers learning opportunities for real estate investors around the country through various on-site seminars, coaching programs, teleseminars, and an interactive membership website. Milton B. Yates and Valarie Jacobs pride themselves in giving both the WHAT and the HOW in creative real estate investment education. Their students and coaching clients have experienced extraordinary success through their mentorship, interactive training, and hands-on approach to teaching the principles of real estate.

Now get out there...and find you a good partner!!!!!

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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Overcoming Location Drawbacks with Pre-sell Changes DC/MD/VA/DALLAS

2008-01-29T23:07:00.000-08:00

The right house in the right location

is the combination that sells. But

what happens when the right house is

in a location that isn't perfect?  As

the seller, you might be able to

overcome some location problems with

pre-sell fixes. To the right buyer,

a perk here and there could make your

property very attractive.  The main

thing to remember is that you can't

change some location problems. You

can't do anything about the school

system, the distance from the closest

grocery store, or the city's street

signage.  Still, some location problems

can be minimized.

If recent changes to traffic flow have

created street noise around the property,

you might be able to create landscaping

that minimizes the noise and distracts

the eye.  The house itself can overcome

location problems if it is the best in

its price range.  The seller should take

extra steps to make sure the house is

perfect, with new flooring or carpeting,

fresh paint, sparkling windows, and

gleaming fixtures. Perfection paired with

price is an aggressive and successful

combination.  A great deal on a great

house can make a buyer overlook a lot of

location problems.

With the right combination of perks and price,

the seller puts himself in the position to find

the right buyer, someone who isn't sensitive to

street noise or doesn't mind a drive to the

grocery store.

Blessings to your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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The Most Incredibly Highly Effective Habits of Successful Real Estate Investors Cont'd Part 5

2008-01-27T07:48:00.000-08:00

Continuing Education

In the real estate investing world; techniques, loopholes, and strategic secrets almost change by the week. Although it is unquestionably imperative that you follow a system or model of conducting business, you must also consistently press to learn new information about your industry. As quickly as the mortgage rates change by the day, the negotiation method that you used to close a deal last month is not working for investors anymore.

Remember that "what you have now is only a result of what you have done. If you desire a different result, you must change what you're doing."

Continuing Education Ideas:

Find a local REIA, real estate networking society, or other type of group where you can learn through conversation. Anytime you get a large amount of real estate investors in a room, the conversation is all about the most creative deal that investor has done up to that point. You can engage in conversation or you can decide to be a sponge-fly on the wall and soak all the good information in.
Enroll in specialty real estate investing courses. These courses can potentially help you pin point where you may be missing it. Deals are lost and won in the details.
Sign up for as many different real estate investing newsletters and blogs and look to hear the difference in strategies from investors all across the world.
Plan to read at least one book per month related to real estate investing. The newspaper does not count and will trick you into not investing at all.

Try these tips and see how far you can get. Only the most incredibly highly effective real estate investors will even apply this knowledge.

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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The Most Incredibly Highly Effective Habits of Successful Real Estate Investors Cont'd Parts 3 and 4

2008-01-23T05:21:00.000-08:00

These next two most incredible highly effective habits for successful real estate investors hits home with just about everybody I come in contact with. There is no real estate investing business that can survive the times with them. It is impossible, yes impossible, to sustain the decline of retail buyers, wholesale buyers, and investors without a very strong Buyer’s List and a very strong source or many strong sources for Private Money.

Build a Buyer’s List

I am pretty sure that if you’ve been following along you may have run across my article that touches on how to effectively build a buyer’s list through free ad sites. I can’t say enough about the importance of “THE LIST.” If you do not have anyone to sell your properties to and you do not plan on holding these deals yourself, why are you going out and securing contracts. I really want you to play close attention, however. There are some extremely large buyer’s lists that you can either buy your way into through education or that you can buy online through different list brokers. Although you need to get a buyer’s list, the size does not matter. You want quality, well educated investors who can close the contracts you present to them. It is very clear to see who is buying and who isn’t if you look at affiliations and the contract assignment fees of aggressive wholesalers. If you have 25 legitimate buyers, you are ahead of the game. There is no use in having a list of 800 people if they don’t buy.

I have one more note about the buyer’s lists; you need 3 of them. When you do ads and different solicitations of buyers and investors, you need to make sure you are targeting buyers with different interests. There are retail buyers who are usually possible owner occupants. There are investors who generally need to purchase at 65% of market value less the repairs needed. The last group is the wholesale buyers who are looking for anything that they may be able to hold to rent or lease option for a number of years. In our market, this is the smartest investor. Make sure to change your titles and ad (solicitation) content to appeal to those different groups. Even if it is the same house that you are marketing to attract these buyers. I guarantee you won’t have any trouble building a quality list with this highly effective habit.

Solicit Private Money

Ever since my business partner and I ever got into real estate investing, the first thing we were told to do was to solicit private money to use on our deals. I don’t think we really understood how important it was until we started getting deals and started getting stuck. The rules of the most incredible highly effective habits of successful real estate investors requires that there should be an ever-constant pursuit of private money. You can never have more than enough available to use on transactions of all sizes and terms. I have definitely shared with you a few effective ways to solicit private funds but once again I would say that the free ads sites are one of the best ways to find private funds. Private investors comb the internet looking for the best ways to use their idle funds.

You just have to let people know that they aren’t alone in their frustration with low returns on your investment dollars. And in response to that problem, you have created a solid program that will eliminate the low returns that they are now receiving, and pay them a passive, predictable 10% to 12% interest from real estate notes. It will work, I do promise. Just make sure you never touch the funds. Always have private funds wired to the title company you are using for the transaction and secure all monies with the actual real estate being purchased. This avoids any claims of fraud or theft. Private money is certainly a most incredible highly effective habit of successful real estate investors.

Get with the program!

Blessings to Your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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Warning: Don’t Even Think About Investing Until You Understand the 7 Habits of Highly Effective Real Estate Investors - Part 1 and 2

2008-01-21T16:27:00.000-08:00

Time Blocking

One of the most important keys to successful business (whether it be real estate investing or not) is the process of time blocking. This activity requires setting time aside for high priority tasks. Time blocking should take place in both your personal and business worlds. A great way to gain ground on your adversaries is to block time for activities outside of your primary business. These activities way include exercise, vacations, and even spa days. Personal time creates a renewed self and should be very high on the priority list for any business person. When you’ve set aside this personal time, you’ve created an extraordinary edge. Every business person must then turn around and block time for the tasks that a day cannot go without. In the real estate investing world; running comps, making follow up phone calls and sending emails, going on appointments, and marketing are the major functions of a principal of any investing business. Just as the personal time should be distributed, the blocking of time done for your business should be carried out without interruption. You are simply creating mini appointments with yourself that you should honor as if they were with others. This 1^st habit will certainly turn you into a Highly Effective Real Estate Investor.

Proficiency in Property Valuation

If you are a plain Jane investor who wishes to know exactly what you should offer on a property, you are ahead of the game. A lot of investors fail to use formulas when they calculate whether a real estate investment lead is actually one at all. Calculating the amount of equity in a deal is futile if your percentages aren’t correct.

What to offer: On a standard cash purchase an investor should be looking to spend no more than 65% of the value less the repairs needed - based on the sales of the homes in the same subdivision with the same specs. Homes that exist amongst new construction and shopping areas must still prove their worth through SALES. There will be no question whether a lead is a good deal or not. If you are having problems with Property Valuation, visit www.RealEstateCompRunners.com, they can definitely help you. This 2^nd habit will put you in another league of Highly Effect Real Estate Investors

Blessings to Your Real Estate Investing Business,

Milton B. Yates

www.miltonyates.com

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Tax Deductions for Real Estate Mortgages Using Interest

2008-01-20T17:30:00.001-08:00

The interest you might pay on either a primary residence or a vacation/getaway home (secondary residence), is fully deductible. There are some very stiff limitations on these
deductions, however.

Let's first clarify the difference between an acquisition loan and a home-equity loan. An acquisition loan is simply monies borrowed for the purpose of purchasing a property. Deductions
for acquisition loans can be made for up to $1,000, 000. A home-equity loan is a credit line that is solely secured by the equity the borrower has in a particular property. Deductions for home-equity loan can be made for up to $100,000.

It is imperative that an acquisition loan be used to buy, construct, or significantly improve a property. If you refinance your property for more than the outstanding debt you owe, the excess must be used to improve the home for the loan to qualify as an acquisition loan. If the excess monies are not used for this purpose, it is counted as a home equity loan.

I think an example is fitting for understanding this concept. Let's say you want to take advantage of low mortgage rates and refinance your existing $250,000 loan, you do not plan to use any of the money for home improvements, and your house is assessed for tax purposes at $750,000. Based on your credit and the equity in your house, your lender is prepared
to give you a mortgage loan of $500,000. Because your "acquisition" indebtedness is $250,000, you will only be able to deduct interest on $350,000 of the loan, that is, the acquisition indebtedness plus the maximum $100,000 home equity. The remaining interest is treated as personal interest and is not deductible.

The IRS has ruled that a homeowner does not have to take out a separate home equity loan to qualify for that aspect for the tax deduction.

Blessings to Your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

The Auto-Response of the Century for Real Estate Investing...DC, Maryland (MD), Virginia (VA), Dallas, Texas

2008-01-17T17:30:00.000-08:00

If you have been keeping up with some of the articles and blogs I have posted around the web, you would have noticed that I spend a bit of time on the four pillars of success: personal development, business systems, direct response marketing, and real estate investing.

In my real estate estate investing business, my partner and I use several auto-responders through our website to grab the attention of both motivated and unmotivated sellers. These automatically generated messages are sent via email and our personalized to the prospective seller. I wanted to share with you one of the messages we send our clients that gets the very best response. Wherever you see my company's name put your company name in. This is a MAJOR freebee. Take Advantage, Copy and Paste.

___________________________________________________________________

Hi (Sammy Seller),

Milton and Valarie here again, the home buying
Wise Guys with 3 simple steps to selling your
home FAST!

Step 1:
>> Make up your mind to sell
your house FAST!

Just because you're reading
this email means you've
contacted us and that puts you
into a group of people called
'doers'!

The next step is simple to make
up your mind your going to DO
this thing called selling your
home FAST

Step 2:
>> Call 'Wise Guys Buy Houses' at
202.327.5435

... today, right now while it's
still on your mind.
You'll get one of us

Wise Guys on the phone and then
and we'll ask you a few simple
questions (the whole process is
TOTALLY easy and painless - We
promise)...

Step 3:
>> Kick your feet up on the
table and wait while we dig
deep into our 'super-house-
buying-wise' knowledge to come
up with a way to quickly solve
whatever house selling problem
you're having right now ...

... come up with a way for
EVERYONE involved -- YOU, the
new buyers of your home, and
Wise Guys buy houses -- to benefit
...

And We'll make you an offer on
your home!

Then your home can be sold and your
Stress relieved in as little as 9 days!
All you have to do is take three little
steps!

We know you can do it -
the Wise Guys are standing by!

Talk soon,

mv@WiseGuysBuyHouses.com
202.327.5435

P.S. We just wanted to make sure you
didn't forget what that number was,
it's our private office number - simply
call:

===> 202.327.5435 <=== And we'll get things started fast! _____________________________________________________________________ I promise you this will have sellers calling you all day long.

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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What's New in Real Estate Investing in DC, Maryland (MD), Virginia (VA), Dallas and More

2008-01-17T15:59:00.000-08:00

Investors that have been looking for one of the hottest new ways to get involved in a lower risk real estate investment opportunity, I have some great news!!! Major Builders around the country will sell you, the investor, the model homes they occupy and they will pay you rent! Model home leasebacks are rare opportunities where you can buy the Builder's model home and then immediately lease it back to the builder for a secure cash flow until the community is built out. The builder is the actual Tenant! Many times they lease the model homes back up to 5 years! Model home leasebacks are one of the most secure investments you can own, and as a result, are also one of the most sought-after investment opportunities in the country.

The builder leases the home back from you at closing! There is a written lease that spells out all terms including a 6 month move out notice! The builders will even help you sell it or rent it before they move!

Investment Example

A $200,000 Model Home with 10% down leases for $1,583.33/mo with
all the POSITIVE CASH FLOW benefits below!

Taxes Paid by Builder
HOA Fees Paid by Builder
No Property Management Fees
Maintenance Paid by Builder
Repairs and Upkeep Paid by Builder
Immediate Long Term Tenant!
Reliable Rent Payments
Fully Loaded Home at Today's Prices
Homes are Meticulously Cared for at No Cost to You
Excellent Cash on Cash Returns
Easy Resale - A lot of Buyers want the Model!

The properties have prices ranging from the low $180's to the low 300's. All will cash flow
with as little as 10% down and should be an excellent long term investment opportunity for
those that can act quickly and are qualified.

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

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Classifieds for Real Estate Investing in DC, Maryland (MD), Virginia (VA), and Dallas, Texas

2008-01-10T07:12:00.000-08:00

I wanted to take a few moments and give some quick pointers on placing classified ads in local newspapers. Every "serious" real estate investor should have a classified ad in the daily paper 365
days per year. There is no question that this ad will pay for itself. If you know how to qualify the leads generated and structure sound deals, your ad will pay for itself 100 times over! There are
some key things to observe when running ads to get better results.

Ask your local newspaper/periodical about a yearly contract rate. You can get as much as 25% off by agreeing to run your ad for one full year.
Run the ad under "Real Estate Wanted" or a similar column in your newspaper.
Try using both a one step ad and a two step ad to test which is more effective in that particular periodical. A one step ad is where a prospect seller calls you directly. A two step ad is where your prospect sellers call into a toll-free number of sorts and receive a recorded message. The toll-free phone service then tracks that number and you are able to call them back and offer your assistance.
If you're using a one step ad make sure a live voice answers the phone, not a recorder.
As long as you are receiving at least 10 calls per week, your ad is working.
You will not be successful running ads only in the Sunday paper in an attempt to save money. It will cost you 100 times what you save. You should run your ads daily.
Find out what it takes to get your ad at the top of the column. It usually produces more calls. If all you need is to begin with "A", simply add "AA" in front of the ad adn leava space before the first word.
Check your ad weekly for mistakes, omissions, and placement position.
Contact other investors that are advertising in the same newspaper and network with them. Ask them if they are interested in buying houses wholesale from you or selling you their excess inventory.

Blessings to Your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

Learning to Build a Real Estate Investing Team in DC, MD, VA, and Dallas, Texas

2008-01-09T19:02:00.000-08:00

Successful Real Estate Investors and those who are
looking to build a largely successful real estate investing
team must first understand and internalize the Law of
the Bench. Famous author, motivational speaker and
team-builder, John Maxwell spends a great deal of time
engaging his students with this same Law of the Bench.

I can tell you now that the New England Patriots have
this Law down to a science. We all understand
that the depth of any team determines its success, it is
clear why the Patriots have been a huge force in the NFL
regardless of whether they win the Superbowl in 2008
or not. Our real estate investing teams must seek similar
depth if overall success is the goal.

The future of any real estate investing team can be
determined by 3 major things:

1. Recruitment - Who is the joining the team?
2. Training - Are you developing your team?
3. Losses - Who is leaving the team?

Today's bench could be tomorrow's stars. The success of a
support member can multiply the success of a primary member.
There are more bench players than starters. A bench player
correctly placed will at times be more valuable than an primary
player. A strong bench gives a leader more options. Usually, the
bench is called upon at critical times for the team. Make sure to
keep all of these factors in mind when choosing your supporting
cast.

Here are a few questions you may want to ask your prospects,
your team, and yourself.

1. What are some ways that you can come off the bench?
2. Why is it important to focus on the support player?
3. If this is the most critical part of the game for your real estate
investing business, are you playing to your fullest potential?
4. What does playing your role feel and look like for you?
5. How do you see yourself on this team?

Remind all of your colleagues, associates, and team members that
"Whether you prepare or not, you are preparing. Lack of preparation
leads to destruction. Lack of preparation gives failure permission. If
you are not preparing, you are preparing to fail. Either way you are
preparing for something. If you consciously are preparing for more
success, you find it." Real Estate Investing is about thinking outside
the box. Success in this industry has nothing to do with Ability and
everything to do with Will. There is absolutely no success or victory
without a risk of some sort.

I leave you with a great poem by one of my favorite authors,
Rudyard Kipling:

[IF]

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you
But make allowance for their doubting too,
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:
If you can dream--and not make dreams your master,
If you can think--and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:
If you can make one heap of all your winnings
And risk it all on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"
If you can talk with crowds and keep your virtue,
Or walk with kings--nor lose the common touch,
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much,
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And--which is more--you'll be a Man, my son!

--Rudyard Kipling

Good Luck Building your Real Estate Investing Team,

Milton B. Yates
www.miltonyates.com

16 Quick Decorating Mistakes

2007-12-31T15:00:00.000-08:00

For all of you fans of staging...watch out for these costly decorating mistakes.

1. Toilet Rugs (one rectangular rug 6 inches or more from the toilet is fine)
2. Too Many Photos (use albums and feature just a few photos)
3. Boring Foyer (first impression)
4. Decorate out of theme (Hawaii in Alaska)
5. Outdated accessories
6. Lopsided furniture arrangements (looks like a cell phone signal)
7. Keeping something you hate
8. Too Formal Room (not allowed to sit in there)
9. Traffic Pattern of Furniture
10. Everything Matches (the whole house can come in a bag at Bed, Bath, and Beyond
11. Following Fads
12. Furniture that doesn't fit
13. Floating area rugs
14. Bright Lights (globes)
15. Frames Hung too High (should always be at eye level)
16. Tacky Couch Covers (pillows and throws do the trick)

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

The Best Way to Learn Real Estate Investing in DC, Maryland (MD), Virginia (VA), and Dallas, Texas

2007-12-31T06:41:00.001-08:00

A lot of people wonder why their dreams of becoming
a successful Real Estate Investor aren't quite coming
true. I can probably conjure up many theories of WHY,
but there is a major misconception when it comes to
effective vs. ineffective learning environments.

It is no SECRET that a student will learn more in a
one-on-one environment than in any other circumstance.
It may not be as glamorous, commercial, or even fun; however,
what is the goal? The goal of any learning environment is
to learn. A lot of students are LOST in their efforts
to simply understand basic concepts of real estate
investing. Why do you ask? The class size is too large.
It is very difficult for ANY teacher to satisfy the learning
pace of 100 different students.

A quick example: When searching for a High School for your
son or daughter, one of the first questions you will ask a school
is: what is your class size? The reason you ask the class size is
because you are aware that your child will learn more and will be
more equipped with information if there are only 15 or 20 other
students. So why do you think you are any different than your
child? Think about a Business Law class with 75 other kids
confused about how to understand the differences of
cross-border accounting, and how those differences can impact
cross-border post-transaction M&A disputes. Exactly. The law
of averages says many of those students will not learn and will
eventually fail or drop out of the course.

So if I am explaining the proper way to purchase a property
using a land trust and an installment land contract, subject to
existing financing; there is a chance you may become extremely
frustrated if your questions aren't addressed because there are
too many other students. This is exactly why you see people get
started in Real Estate Investing and then decide that it may not
be for them simply because they didn't learn.

From experience, students who learn in a modest capacity with
small class sizes or better yet one-on-one, have a significantly
better chance of being successful as Real Estate Investors.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

Making Money in Real Estate Investing in DC, Maryland (MD), Virginia (VA), and Dallas, Texas

2007-12-31T05:29:00.001-08:00

Understand that the success of your Real Estate Investing
Business is determined by how well you understand the
principle of sow and reap. A major misconception in this
business and many other businesses is that Ability is the
reason for its success. Unfortunately it is quite opposite.
Success has nothing to do with ability. Ability is the seed
that we use to sow. Our abilities are what we are able to
physically invest towards a goal.

Success has everything to do with your will to be successful.
If your Ability is sown properly, then your resources will
multiply and your business successes will overflow. Talent
can be wasted. When you realize your ability, you must
seek direction, be deliberate, and take action quickly.

Remember that Real Estate Investing is NOT a "Get Rich
Quick" scheme but a wealth building tool. Just like any
other business or project, it requires a commitment to
the process. A process is defined as a progress advance;
something going on or proceeding. A process is a natural
phenomenon marked by gradual changes that lead toward
a particular result. A process is a continuing natural activity
or function.

Enjoy the process of Learning Invest in Real Estate properly
and soak in both the successes and the failures of your business.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.MiltonYates.com

Remember to Mind Your Manners on the Internet

2007-12-20T06:11:00.000-08:00

It has been said that people who curse lack the vocabulary to put their feelings into words.

Some people writing on the Internet apparently have this fault. Not that they all use swear words, but their rudeness shows the same deficiency. And the anonymity of the Internet makes them believe it's OK to insult or threaten people without fear of reprisal.

When writers can't see the consequences of rudeness on the recipients' faces or hear it in their voices, it is easier to cross boundaries. But people who use pseudonyms while posting to Web sites can be trackable through their Internet Protocol addresses.

In her "Miss Manners" column, Judith Martin says the Internet is reflecting the increasing rudeness in everyday life as displayed on talk radio, TV talk shows, and in political discourse.

"Society has gotten very abrasive," Martin says. "In the slightest altercation, people come out swinging and swearing. Civilization is about thinking before you express everything."

Interviewed by USA Today, Craig Newmark, founder of Craigslist says, people on the Net are overwhelmingly trustworthy and civil to each other. But there are fanatics and crazy people out there. On many sites, however, people are kind and supportive.

It is to your benefit to be among those who are trustworthy and civil.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

Calculating Retirement Income from Rental Properties

2007-12-20T05:53:00.000-08:00

Whether you have a 401k or other retirement plan, income from a rental
property can make your later years more enjoyable.

        
After finding one in your price range, the next step is calculating its
cash flow. That means determining what your annual expenses will be and
deducting them from the rent. The balance is your cash flow.

       
Depreciation sounds like an expense, but it is generally a tax advantage.
On a $125,000 property, for example, the depreciation over 27 and one-half
years comes to $3,636 per year. This is a tax deduction.

       
In the early years of your mortgage, interest will reduce earnings on the
property so you won't have much of a profit. During this time, the
depreciation comes in handy to reduce taxable income from other sources.
In later years, it will reduce the amount of tax you pay on rental profits.

        
When you retire, you can use monthly rental income for normal expenses
and travel.

       
Or you can sell the property and have a lump sum to use for something you
always dreamed of, like a luxury RV in which to tour the country. In years
to come, your property could double in value.

      
Some things to consider when looking for a rental property:

        
* Good location. Today, rents are rising and will continue to rise in
stable neighborhoods. The location should be not too distant from where
you live now.

        
* You can often buy a duplex for not much more than a single family home,
and rents will be higher.

        
* Find a building that's not too old so it will comply with building, zoning,
and fire codes. And it will have lower maintenance costs. Have it inspected.

       
* Have your real estate agent tip you off to a building with an out-of-town
owner who is eager to sell. Sometimes such owners will take a two- or five-year
contract for deed, which means a very small down payment.

Blessings to Your Real Estate Successes,

Milton B. Yates
www.miltonyates.com

Deciding Whether to Buy or Build (Impact Fees)

2007-12-20T05:40:00.000-08:00

Impact fees are taxes. They are a new kind of tax that many cash-strapped
cities are assessing on remodeling and new home construction. Depending on
where you live, they can be substantial.  You won't find 'impact fees' in
every city or county.
    
You'll find impact fees used in some cities in South Carolina, California,
Oregon, Florida, Colorado, Arizona and Washington.  Typically the fees are
assessed by cities to pay for new roads, parks, and sewer lines.
    
According to Duncan Associates, a Texas consulting firm that tracks them,
impact fees can add an average of $10,500 to the cost of a new home in cities
where they are imposed.  Of course, many cities have substantially smaller fees.
      
Property rights advocates are against the fees, saying local governments are
just afraid to go to taxpayers to ask for more money.  But proponents say the
taxes are fair because they are targeted at the very people who are causing
an impact on the city services: builders of new houses.

In any case, these fees are rarely assessed on the sale of an existing property
though the fees could raise the price of a property.
       
This is something to consider when pondering whether to build or buy.  You can
easily check to see if a locality assesses impact fees by checking with the city
building permits department.
       
If you have a question you want to ask, email me at info@miltonyates.com.

I will be glad to help.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

The Tax Advantages of Owning

2007-12-20T05:34:00.000-08:00

Whether you own a mansion or a mobile home, many home-related expenses are tax deductible.

Mortgage interest and property tax are well-known deductions. To take advantage of them, you have to file the 1040 long form and Schedule A. For some homeowners, however, it might be better to file the EZ form because standard deductions would be greater than the allowable expenses.

The interest on a home equity loan is fully tax deductible unless the balance on the original mortgage plus the equity loan is greater than the property's value. After that, it's on a sliding scale.

If you bought a home after Jan. 1, 2007, mortgage insurance is fully tax deductible if your income is $100,000 or less.

Mortgage interest and property taxes on a vacation home are deductible. But it doesn't even have to be a house. It could be an RV as long as it has cooking, sleeping, and bathroom facilities.

If you paid points to get a better interest rate on any of your home loans, you can deduct the points in the year you paid them. If you refinance the home, points are deducted over the life of the mortgage.

If you changed jobs and had to move more than 50 miles and had to sell a home because of the move, moving expenses are deductible unless reimbursed by an employer.

When your home has been damaged by a natural disaster such as fire, hurricane, or flood, some of the bills for renovating the property that were not covered by insurance can be deducted. Check with your tax preparer for more information.

Do you have a home office used on a regular basis for business? Keep records on the percentage of the house that is used for business and make a proper allocation of expenses. For example, if 20 percent of your house is used for business, you will be able to deduct 20 percent of utilities and basic home repairs.

Keep records that show what you do in your office to constitute a business activity.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates

www.miltonyates.com

This is a Great Time to Buy a Retirement Home

2007-12-20T05:28:00.000-08:00

Here's one facet of the real estate market you can be pretty certain of. Ten years from now, prices will be far higher than they are today.

That's particularly true of properties with spectacular views. But whether you are looking for a cottage in the mountains or a house on the beach, the place doesn't have to generate the same rate of return you demand for other investments. You are buying a lifestyle.

That situation has put people in their 40s, 50s and 60s into the market. While sales of primary residences fell last year, vacation home sales rose nearly 5 percent, says the National Association of Realtors. The typical buyer of a vacation or retirement home was 44 years old.

There's no question that second homes come with expenses, so you have to ask yourself if you can afford one. Don't rush into buying. If money is tight, however, you could consider buying now and collecting years of rent to defray your costs. For the first time in years, higher rents mean they will cover, or almost cover, the costs of mortgage, taxes, insurance, and maintenance.

The benefits of a vacation/retirement home are many. The transition from work to retirement is eased because over time you have met people and become part of the community.

Buying while you still have children at home is a plus. They look forward to being at the vacation place. As they grow up and change jobs and cities, it will always be a gathering place. It will be a place to come for a vacation and for Christmas or Thanksgiving.

In today's market, many sellers are eager to make a deal.

Blessings to Your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

Skip PayDay Loans...Credit Unions or Personal Loan Companies

2007-12-20T05:23:00.000-08:00

Want an instant loan from a company that won't even bother with a credit check? A payday loan could help for now, but it will be very expensive, especially if you renew it several times.

Payday lenders have you write a check for the loan plus their fee. The loan usually lasts up to 14 days. Then you either repay it with cash or let the lender cash your check.

The fee is usually $15 or $20 per $100 borrowed. The fee is $30 if you borrow online. Annual interest rates can be to up to 500 percent.

If you are short on payday and you renew the loan, you multiply the interest. Letting a $300 loan ride for a year can cost $2,340 in interest, and you would still owe the $300.

Lender personnel often encourage people to borrow more than they need because they want to earn bonuses. There are other ways to get cash, such as borrowing from relatives. If that isn't an option, many credit unions have short-term loans with lower interest rates and convenient payment plans.

In the 12 states that don't allow payday loans, consumer finance companies offer short-term loans, as do many finance companies in other states.

A credit union is the best choice according to the Center For Responsible Lending. The interest rate is more favorable, and arrangements can be made to deduct payments over time from your savings or checking account.

A recent federal law caps interest on payday loans to military families at 36 percent.

Blessings to Your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

When You're Late Again, Ask Yourself Why!!!

2007-12-20T05:16:00.000-08:00

If you often find yourself rushing to an appointment, and not getting there on time, you could be a victim of misconceptions and miscalculations.

Optimism is good, but not when determining how long it will take to drive through traffic and park your car. You have to allow a safety margin to account for unforeseen delays.

Most chronically late people consistently underestimate needed time by 25 percent to 30 percent, says Diana DeLonzor, author of Never be Late Again (Post Madison).

At the University of California Haskayne School of Business, researcher Piers Steel says one cause is that people don't get motivated far enough ahead of their deadlines. Steel is the author of an article called "The Nature of Procrastination."

Psychologists once thought the tardy were late because of avoidance and anxiety. That proved not to be true because the same people were late arriving at events they enjoyed.

Tardiness is contagious. When others know you will be late for a meeting, they will be late too, wasting time for those who were punctual. Late people are more likely to change punctual people than the other way around.

Some offenders say being late makes them feel important because everyone has to wait for them. Usually, however, they lose respect.

Tardy people have their reasons, but the price can be high.

Blessings to Your Real Estate Successes,

Milton B. Yates
www.miltonyates.com

Milton's Tips on Creating Your Personal Cash Flow Plan

2007-12-19T22:57:00.000-08:00

Here are a few tips for keeping your financial world on track. Check them out so you won't run short before the new money comes in.

* Make a master list of expenses that don't occur monthly. Example: January, pay off Christmas bills; February, two kids' birthdays; March, car insurance; April, income tax; May, property tax; July, vacation; August, fire insurance. Don't let seasonal bills come as an unpleasant surprise.

Add up annual and semi-annual expenses and deposit one-twelfth of the total into a special savings account each month.

* Keep required payments low. If you buy a car, get a simple interest loan for a longer period of time. When cash flow is tight, pay the minimum. When it isn't, pay more or make an extra payment.

* Avoid charging to credit cards for big-ticket items such as furniture. Save something each month toward the purchase and buy for cash.

* Keep your emergency fund intact and with enough money for several months expenses. If it's absolutely necessary to borrow from it, make an agreement with yourself to pay back a certain part of the borrowed money each month.

Blessings to your Real Estate Investing Successes,

Milton B. Yates
www.miltonyates.com

It Doesn't Cost Anything...But it Pays to Say I'm Sorry!!

2007-12-19T22:41:00.000-08:00

Here's some good news: Saying you're sorry is a sign of strength, not weakness. Some people think it's the other way around.

A survey by Zogby International asked people why they ordered pearls from The Pearl Outlet (the pearloutlet.com). Often the gift was given as an apology to a wife or girlfriend. The survey discovered one other fact.

People who were more willing to say they're sorry earned more money than those who didn't. It seems that apologizing is a factor in maintaining good relationships

About 90 percent of those who earned $100,000 or more apologize when they believe they are wrong. Only 84 percent of those earning $75,000 to $100,000 did the same. About 52 percent of those earning $25,000 or less would apologize. The survey was reported by Ann Fisher in Fortune magazine.

Even when they felt completely blameless, 25 percent of high earners apologized compared with 13 percent in the lowest income group.

Those who say they're sorry now and then are viewed more positively. Others think they are willing to learn from mistakes and mend relationships.

Another explanation may be that high earners feel more secure and are less likely to go on the defensive when challenged says Marty Nemko, author of Cool Careers for Dummies (2001).

Maybe next time we are reluctant to apologize, we should remember that high earners do it pretty often.

It helps the work run smoothly.

Blessings to Your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Learn Real Estate Investing in DC, Maryland (MD), and Virginia (VA) The Right Way

2007-12-19T10:40:00.000-08:00

It is seemingly very difficult for both newbee and veteran
Real Estate Investors to get a solid handle on what the
necessary steps are for completing a sound real estate
investing transaction. It is actually quite sad that there
are individuals that have spent thousands of dollars to
learn creative real estate strategies, but get caught in a
matrix of the basics and never seem to ascend.

The big question here is, what do you do about it and how
do you go about investing without the necessary guidance?
I have the answer. It is every business owner's dream to
run his/her business on Auto-Pilot. The freedom to come
and go, be free from concerns and medial tasks, and still
profit significantly is certainly the ultimate peak for success
in the Real Estate Investing Business.

I'd like to introduce to you: Real Estate Investor In a Box™.

Real Estate Investor In a Box™ is the most comprehensive method
of investing in Real Estate and it is all "Done for You." Imagine
becoming an ultra-successful real estate investor without
ever having to buy or sell one property. Amazing right?

If you own a hammer and some nails, then you are in business.
As profitable as the Real Estate Investment business is, the
start up and floating costs associated with it can often times be
intimidating. “THE REAL ESTATE INVESTOR IN A BOX”™
keeps your set up and floating costs low, while providing you
with the best in Real Estate Investment business practices.

Here's what you receive inside YOUR BOX:

• Sign delivery and private extension
• Business Cards
• Use of WiseGuysBuyHouses.com for credibility
• 24-hour live operator
• Real Estate Lead Tracking
• Real Estate Market Comparables with each Lead
• An Acquisitions Manager
• A Sales Manager
• Real Estate Attorney and Title Services
• Deal Negotiation
• 75% of the wholesale/quick-turn profit

We work and You Cash Checks!!!!!

Click Here for More Information on
Real Estate Investing on Auto-Pilot!

Dedicated to Creating Real Estate Investing Millionaires,

Milton B. Yates

P.S. Don't forget to visit www.MiltonYates.com and sign up
for my free newsletter on Real Estate Investing...AND if you
or someone you know is interested in networking with the
#1 Real Estate Investors in DC, Maryland, Virginia, and Dallas
send them to realestate.meetup.com/797. The membership is
absolutely free and the members of the A.S.A.P. Community
DC/MD/VA Real Estate Investing and Training MeetUp are
going to pave the way to success for future investors.

Having Problems Taking Equity Out of Your Investments at the Closing Table

2007-11-14T16:33:00.000-08:00

The new hotness but really the old hotness
in Real Estate Investing is the DISBURSEMENT!
I have had quite a few conversations with fellow
investors about the double-closing situation. Some
investors have experienced problems with title
companies who are unwilling to perform double-
closings and other investors live in states where
double-closings are just plain illegal. Well I've
got a quick solution to the double-closing problem.

1. Set up an LLC that has financial at the end of it.
i.e. A.S.A.P. Community Financial
Congratulations, you now own a bank.

If you are a wholesale specialist, this is a great way
to put your assignment fee on the HUD-1. Here's a
great example. I am going to put a single family
home under contract for $65,000. The property is
worth $100,000. My assignment fee for the investor
is going to be $5,000. You may be a part of a group
of investors who exchange assignment fees prior to
closing, but in the "real world," assignments are paid
at the table when everyone else gets their checks.

2. Write a mortgage payoff to the title company for
the amount of the assignment fee. It will show on
the HUD-1 as a 2nd or 3rd mortgage payoff from
the seller.

The contract price for this transaction will be $70,000,
but the net to the seller will only be $65,000. This is
a very smooth, legitimate, and effective way to collect
an assignment fee without having to rely on personal
trust. A.S.A.P. Community Financial will have certified
funds in the amount of $5,000.

This method can also be used for your retail buyers in
the same fashion. If I have a contract on the same
property executed at $65,000 and I have a retail buyer
ready to purchase at 95,000, I can write a payoff to the
title company for the amount of the profit I would like
to earn and I have just eliminated the need to fund
the deal in total, prior to selling. You must make sure
the contract has the seller and investor name on it.
Your company's name will appear on the HUD-1 as
contract work or consultant.

Try it and see what happens. You have nothing to lose
and if it doesn't work for you or you have questions you
should email info@miltonyates.com.

Blessings to your Real Estate Investing Riches,

Milton B. Yates
www.miltonyates.com

Beware of the Mortgage Rescuers

2007-10-26T10:13:00.000-07:00

These criminals skip over foreclosure notices on newer homes with subprime loans and mortgages made with low downpayments or none at all.

They are looking for foreclosures on homes with loans that are a decade old or more, those that have a nice buildup of equity. They arrange to get that equity for themselves.

Though there are legitimate, mostly nonprofit, operations that can help homeowners in distress, there is a growing army of criminals that prey on this group.

They get leads from sites such as PreForeclosure.com and All-foreclosure.com. The sites compile public records to provide leads for legitimate investors, but anyone can access them. People on the list say they receive letters daily that offer to help them avoid foreclosure.

Here's how the scam works. Rescuers say they will refinance through a designated investor or arrange a rent-to-own plan that will allow homeowners to buy their homes back. Somewhere in the paperwork, there is a quit claim or deed of gift in which homeowners sign their houses over to the investor.

At that point, the rescuers charge the former owners rent high enough to ensure they can evict them and pocket the equity built up in the property.

The rescuer may also take out a first and second mortgage on the property. If the former owners do get the property back, what they owe on it could be more than the house is worth.

Several states have passed foreclosure protection laws, but it's still up to individuals to protect themselves from scam artists.

Blessings to your Real Estate Investing Riches,

Milton B. Yates

www.miltonyates.com

You Can Still Buy even if You Haven't Sold

2007-10-26T09:52:00.000-07:00

If you have the right credit and the ready cash, you could make
two mortgage payments until your old house sells. Another  strategy
is to take a short-term, low interest Adjustable Rate Mortgage on
your new house that will give you some breathing room while you find
the best buyer for your home. But this is often an unrealistic choice
for homeowners who can't swing two mortgages.

One rather obscure choice is known in commercial lending as a 'blanket
mortgage.' In some cases, a blanket mortgage might help bridge the gap
between your new property and your old one. A blanket mortgage is a loan
secured by two or more properties,sometimes making the loan payment lower
than the total outlay on two or three individual mortgages. The borrower
only has one payment and one closing. Usually this type of commercial loan
is made to developers buying many lots at once. But in this case, it would
combine your present mortgage and the mortgage on the home you want to buy.
When the first home is sold, part of the mortgage would be paid off, bringing
your payments down to where you want them to be. It is possible that the
lender will want to issue a release before the property is sold.  If equity
in the remaining property isn't high enough, a new mortgage (or mortgages)
could be required. Your local bank may not offer blanket mortgage since it
is an unusual way to solve the problem you describe. As with any mortgage,
be sure to check your costs, the terms of the loan, and interest rates
carefully.

I don't usually recommend blanket mortgages that secure multiple properties.
The combined equity in several properties securing the mortgage could be high.
In case of a personal disaster leading to foreclosure, the borrower might not
recover full equity. But, for some buyers with special circumstances, this
obscure financing method could work. Remember to weigh all of your options.

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Investing in townhomes and condos is the NEW GROOVE!

2007-10-26T09:41:00.000-07:00

It should be no surprise that sales of condominiums and townhouses are on the rise. According to the Urban Land Institute, single-parent households, single-person households, empty nesters, and couples without children now make up the majority of American households.

Many are choosing to live in the city where they are closer to their workplaces and where they can have a maintenance-free lifestyle.

And they want to drive less. One survey shows that residents of townhouses, condos, and apartments decreased vehicle miles traveled by 38 percent from when they lived in a single-family home. According to the American Public Transportation Association, ridership on public transportation jumped to the highest level in five decades in 2006.

While some condo buyers seek upscale units, many properties are reasonably priced. Some buyers consider them their "starter homes."

Residents of high-density housing say it's wonderful to be able to walk to places they want to go.

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Is today a good day to buy a HOUSE?

2007-10-26T09:29:00.000-07:00

Trying to "time" a real estate market is not the best idea. Too many variables are involved. Real estate experts say the average price of a home will decline by 3 percent in 2007, but that average is for the entire country, not necessarily your home town.

Home sales are often triggered by the events of life such as an employment transfer, an increase in family size, a death, a divorce, or a pending foreclosure. These homes are available now, and people want to sell as soon as possible. Life's events are more likely to produce a favorable selling price than national statistics predict.

The best time to buy a home is when you are ready to do it. That means you have access to cash for a downpayment, you have private money, hard money, or a retail buyer lined up.

Getting ready to buy includes checking your credit to avoid errors on your credit report and visiting a bank to determine how large a loan you will qualify for. It's all work, learn an easier way when you get a chance.

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Landscaping Sells Homes

2007-10-26T09:15:00.000-07:00

Looking for a simple, inexpensive upgrade to give your property a selling edge?

Try some lovely landscaping.

It doesn't matter whether you are planning to sell this year or five years from now,
beautiful landscaping will give you very high returns on your investment now and
later. And, with landscaping, the value usually increases with time and a little TLC. For
return on investment, landscaping rivals kitchen and bathroom remodeling, experts say,
but a simple landscape upgrade can be done for much less than either of those
interior upgrades.

According to Realtor Magazine, a minor kitchen remodel averages about $15,000 and
returns than 98 percent of the cost. Landscaping done well can return 100 percent to
200 percent of an investment and can be accomplished for an average of $5,000,
according to Money Magazine.

Sources differ on the value beautiful landscaping adds to a home. However, estimates
range from a 10 percent to 20 percent increase in value. This Old House magazine
April 2003)puts the value at 20 percent. Smart Money magazine (March 2003) reports
that if you spend 5 percent of the value of your home on landscaping, you increase
the value by 15 percent.

Experts generally agree that landscaping should be modest. Complicated garden
designs and vegetation that requires a lot of tending won't increase most home
values. f course, landscaping alone won't help sell a home in poor condition, but
it will lift a home's profile among similar properties.

Don't confuse landscaping with simple exterior curb appeal. Nearly any property
can be made more appealing by keeping the lawns trimmed and mowed, removing lawn
ornaments, and judiciously placing flowers. Landscaping involves more permanent
elements, such as ornamental and shade trees, flower beds, and water features.

If you decide to improve your home's landscaping, consider getting professional
advice from a landscape architect or designer. Even if you do the actual
installation yourself, getting professional advice can prevent some common
landscaping errors that actually decrease the value of your home. One typical error
is planting pine trees too close to the home. The trees may look nice when they are
small, but 20 years later an enormous pine tree can dwarf a home. Planting the right
trees can make or break your landscape.

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

There are Many Ways to Purchase a Home

2007-10-26T09:07:00.000-07:00

Although my methods are more renegade and non-traditional, we still need to know how regular people do things...lol...PAT ATTENTION!!!

Finance all of it, part of it, or none of it. Whichever you choose, you've got plenty of company.

The National Association of Realtors reports these trends:

Age: Buyers age 45 to 65 and older are less likely to finance a home purchase. They are often repeat buyers or are downsizing.

Average buyer: The typical buyer tends to finance 91 percent of their home purchase.

First-time buyers: They are usually younger and don't have cash from a previous home. Last year, the average first-time buyer financed 98 percent of their home. Nationwide, 40 percent financed the entire amount.

Sources of downpayment: Savings are the chief source of downpayment funds for home buyers in general and for 73 percent of first-time buyers. About 40 percent of repeat buyers drew on savings for a downpayment, while 60 percent of repeat buyers used the proceeds from the sale of a primary residence for a downpayment.

After savings, the second most popular sources of funds for first-time buyers was a gift from relatives or friends.

Types of mortgages: Loosely defined, mortgages are either fixed-rate or adjustable. Within these categories, however, specific terms vary widely.

About 71 percent of recent home buyers reported that they had a fixed-rate loan; 8 percent had an adjustable rate loan. First-time buyers were more likely than repeat buyers to start with a fixed rate loan that eventually had rates adjusted.

Some buyers start with an adjustable rate and then convert to a fixed-rate mortgage. Others begin with a fixed-rate mortgage that then adjusts the rate periodically.

Surprisingly, 3 percent of home buyers don't know what type of mortgage they have.

Blessings to your Real Estate Investing Riches,

Milton B. Yates

www.miltonyates.com

Make Sure You Have a Financial Plan!

2007-10-26T09:00:00.000-07:00

With so many ways to spend your income, it can be difficult to set priorities. Financial planners at Charles Schwab Corp. say this is how to plan.

Pay off high-cost consumer debt first. Paying off an 18 percent credit card is like getting a tax-free 18 percent rate of interest on your money. Pay off the card with the highest rate first.

After that, save enough cash to live on for three to six months in case of emergency or job loss. And save at least something for retirement.

With a cash cushion in place, invest in your retirement 401(k). Invest at least as much as the company will match.

Put retirement savings before saving for your kids' college expenses. You can borrow for college costs, but you can't borrow for retirement.

Don't prepay your mortgage unless you are saving 15 percent of your income for retirement.

Insurance: Make sure homeowner and auto insurance are up-to-date. A full-time worker should have life insurance equal to six to 10 times their income. Consider long-term care insurance which will help pay for time spent in nursing or assisted living care.

Make a will to ensure that your wishes are carried out. Have a durable power of attorney and a health-care power of attorney.

Blessings to your Real Estate Investment Riches,

Milton B. Yates

www.miltonyates.com

Milton's 11 Rules for Building Wealth

2007-10-26T08:50:00.000-07:00

1. Start early. By saving $1,000 a year at age 25, you could end up with five times what you'd have if you started at age 45.

2. Use your 401(k). You put in pretax dollars so it's a great savings plan. Passing up employer contributions is giving up free money.

3. Keep it simple. Choosing three or four index funds and a small-cap stock fund will give you broad exposure.

4. Don't try to beat the market. Even the best fund managers have trouble beating the S&P 500.

5. Don't chase trends. If you hear about a "hot" stock, investigate it. Go to investopedia.com.

6. Make saving automatic. If you are maxing out your 401(k), get payroll deductions transferred to a Roth IRA or a high-interest savings account.

7. Go heavy on stocks. The simplest formula: subtract your age from 120. That's the percentage you should have in stocks, the rest should be in bonds.

8. Hold down fees. Be wary of any mutual fund charging a management fee higher than 1 percent. Or stick with an index fund.

9. Get rid of credit card debt. Rank them by their interest rate and pay off those with the highest rates first. For low-interest student loans, consider making minimum payments and investing in your 401(k) instead.

10. Defer taxes. In a taxable account, you'll pay 15 percent in capital gains taxes every time you sell a winner you've owned for more than a year. At tax time, sell losers to take advantage of the annual $3,000 capital loss deduction.

11. INVEST IN REAL ESTATE

Blessings to your Real Estate Investment Riches,

Milton B. Yates

www.miltonyates.com

Save the REAL WAY!!! What if there's an EMERGENCY?

2007-10-26T08:41:00.000-07:00

A rainy day could come your way

You might be surprised to know how many people live comfortable lives but have saved little or nothing.

Most believe that if they made more money, they would save. But it doesn't work that way. When the raise comes, they increase their spending instead of saving. That's why there are six and seven figure earners who are broke and in debt.

They may think saving deprives them of something. They fail to understand "pay yourself first" and don't consider the consequences of going further into debt when a cash need arises.

If you are among the non-savers, get your emergency plan on track. With many responsibilities, it might seem difficult or pointless to save just $20 or $30 a week. But within a year, $20 a week comes to more than $1,000.

If you consider your spending habits, however, you might find that you spend $5 or $10 per day on things you don't really need. Whatever you can put together, start setting it aside in an emergency fund. Having money automatically saved from your paycheck is an easy way to start.

People may say the way to security is to come into a lot of money or get a big increase in their income all at once. But that won't do it. People who handle money wisely, and people who don't, are found at all income levels.

Blessings to your Real Estate Investing Riches,

Milton B. Yates

www.miltonyates.com

Be Careful with the Pre-Construction Financing Programs

2007-10-26T08:33:00.000-07:00

You've seen the ads in the newspaper and on television. Home builders and real estate developers offer great mortgage deals and bonuses to help you buy one of their properties.

Aside from the obvious, selling you a house, how do they benefit from these deals? The builder makes a little extra money. More importantly, using their affiliated lender gives them control over the transaction. It's less likely that a problem will delay the closing.

Today, more builders are offering special deals that may be tied to using their affiliated lender. A recent survey by the National Home Builders Association shows increases in the number of builders who offer to pay closing costs and provide other incentives.

Most buyers do use the affiliate. Pulte Homes, Inc., says 90 percent of its buyers who need a mortgage use Pulte Mortgage. Centex Mortgages finances 80 percent of Centex Corp. customers. By law, however, buyers can't be required to use the affiliate.

The National Association of Mortgage Brokers claims that builder-affiliated mortgages may not be the best deal. They say builders could reduce the price of the house and make the difference back in higher fees. The U.S. Department of Housing and Urban Development says it gets complaints from the mortgage brokers, but also from some individuals.

Before signing a mortgage offered by a builder, be sure to ask for a written estimate. The estimate should include the interest rate and points, plus closing costs, fees, and terms of the loan.

Be sure to get another quote. You can easily have another lender quote on the same loan on the same day.

Finally, compare the offers considering the mortgage costs and whatever deals are tied in to using the builder's lender.

Blessings to your Real Estate Investing Riches,

Milton B. Yates
www.miltonyates.com

If you don't have a 401(k)...you might want to GET ONE NOW!!!

2007-10-26T08:18:00.000-07:00

Last August, Congress passed the Pension Protection Act. It encourages companies to sign up employees automatically for 401(k) plans.

Previously, only a third of eligible employees participated, but the new rules are changing that. The 401(k) plans have three compelling benefits:

* Investments are made with pre-tax dollars. Investments and interest earned are not taxed until you withdraw your money at age 59-1/2 through age 70.

* You get "free money." Employers can match contributions dollar for dollar. Typically, however, they match 50 cents on the dollar up to 6 percent of your salary, according to Fortune. Some match 25 cents on the dollar.

* The federal limit on your contributions is $15,000 per year or $20,000 for those age 50 or older. The minimum contribution is set by the plan.

A plan generally has a set of default options for investing your money. They are primarily balanced mutual funds and investment pools that include a mix of stocks and bonds. Some companies include target-date or lifecycle funds, which change the mix of stocks and bonds according to how long it will be before you retire.

Fund tracker Morning Star reports that balanced funds returned an average of 9.7 percent a year since 2004, making them a good choice.

Most 401(k) participants depend on the plan to make their investment choices. Participants who feel knowledgeable about investments, however, can make or change their own choices from various investments available within the plan.

Advisors at Fortune say letting your investments grow on "autopilot" with the plan's choices has paid off for most people over time.

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Everybody Successful has a Coach...do you?

2007-10-24T23:48:00.001-07:00

I hope you all know that every single successful person on this planet has a coach and/or mentor in some way, shape, or form. Having a coach or mentor is one of the major commonalities of the successful persons Napoleon Hill, author of “Think and Grow Rich,” found in his almost 20 year study. To coach is simply to instruct. We have all been instructed by many different teachers, our parents, and even friends. A mentor by definition is a wise, trusted, influential, and supporting counselor or teacher. Guess what? There is no success without a mentor/coach of some kind. You can switch mentors as quickly as you switch directions but the bottom line you need a mentor/coach.

Think of 10 successful persons in all industries, careers, and lifestyles. I guarantee you that each has a trusted adviser. As you press toward the level of your mentor, you should then begin to uplift those who seek to be at your current level. The success of a mentor is in his/her offspring. If you are able to create a flawless bloodline of millionaires, you are an amazing coach/mentor. Believe me, it isn’t done overnight but Zig Ziglar swears that “you can have anything you want in this world as long as you help enough people get hat they want.” Zig’s quote reigns true in the field of real estate investment coaching. Sharing unselfishly and without grudge or hidden agenda is a major key to WEALTH!

Find a coach/mentor and reach for their level, they will be reaching for a higher level, and pull your neighbor up to your former level as you ascend to new ventures, disciplines, habits, and financial breakouts. If you tell me that you are reaching your goals, I am going to ask you if you have a mentor/coach.

Blessings to your Real Estate Investment Business,

Milton B. Yates

www.miltonyates

Have you ever seen the movie "Ransom" with Mel Gibson

2007-10-24T22:46:00.001-07:00

What exactly is your future worth to you?

I have to ask myself this question every single day and every time I watch the movie "Ransom" I think about how much value a human life has. We have all been given talents, time, and opportunity; however, we allow ourselves to be held RANSOM by our mental oppressions. We are killing ourselves everyday that we don't grow, learn, or implement a new thing. It is evident that in order to go to the next level you have to reinvent yourself.

Change your position
Persevere
Spend Money
Study Relentlessly
No vacation
No Sleep
Sacrifice early
Sow to Charity
Challenge Authority
Be open to new ideas
Go opposite the crowd
Obtain specialized knowledge
Go about every project with enthusiasm
Take uncalculated risks
Exude confidence
Be accessible
Take on partners in your ventures
Read "Who Moved the Cheese"

You must break your routine if you really want to change your situation. Of course none of these tips apply to you if you are making all the money you could have ever wanted in a lifetime. But I know the truth. 3% of the population makes 97% of the money. So the likelihood that you are satisfied with your current financial situation is little to none. Zig Ziglar said it best with this quote: "Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale." In most cases we are solely responsible for our lack of success. Create an appetite for education and specialized knowledge and understand that your #1 enemy in comfort.

Blessings to your Real Estate Investing Business,

Milton B. Yates
www.miltonyates.com

Money follows SPEED!!!

2007-10-24T15:52:00.000-07:00

Speed is defined as rapidity in moving, going, traveling, proceeding, or performing; swiftness; celerity. It is relative rapidity in moving, going, etc.; rate of motion or progress. Speed is the optimum rate of motion. Understand that MONEY follows it. Napoleon Hill, in the 13th chapter of his book "Think and Grow Rich," lists the top 30 reasons why businesses and/or businesspersons fail. One of those reasons was the failure to make a decision quickly. Success has everything to do with the ability to make a decision and implement it quickly. Often times we have a stellar idea in our head that we know for sure will take us to the mountaintop of RICHES, but we fail to take action on that stellar idea. We turn around and watch our neighbor take that same idea and turn it into a million dollar baby! Do we congratulate our neighbor for a job well done? NO. We accuse them of stealing our idea. We couldn't be any more wrong in this situation. If you don't want to burn your own path, implement your ideas immediately. This includes; places to go, business ideas, inventions, etc. Sometimes your neighbor knows your idea and sometimes they don't. Regardless, it is your fault for lack of implementation. Everyone has the same 24-hours in a day, but we all use that time differently. Money follows that speed of implementation. Don't waste time talking about the very thing you should be working on, while your busy talking about it. ACT FIRST. ACT QUICKLY. Attract the WEALTH!

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Better Than Buying or Selling...LENDING!!!!

2007-10-16T21:12:00.000-07:00

Oh boy! Now we are on a hot topic. Who runs the financial world besides who we would consider the 3%ers? Everyone knows that 3% of the population earns 97% of the income available to make. Why? Because they are doers. Understand, however, that they don't run as much as we think they do. THE BIG THREE are: 1. the Government 2. the Banks 3. the Insurance industry
My job as an investor, in this market or any market for that matter, is to figure out how to be a part of THE BIG THREE. I think it is a process of elimination. How likely is it that the average real estate investor becomes a government official or at least puts themselves in a position to write policy? Not very. How likely is it that the average real estate investor starts an insurance agency or franchises an Allstate office like my uncle did back in Maryland? Again not likely.
Drum Roll Please.................

By process of elimination the only position available in THE BIG THREE is to be a bank. Why is it likely? Because, if you are an active real estate investor, you have access to masses of cash and credit from your private investors, your credit partners, and your colleagues. Believe it! You can be the bank. No more sulking about the points you pay on this loan and that loan. All you need to do is put yourself in position to do the same things the banks do and it is all perfectly legal.

1. Line up Your Private Money
If you are not actively soliciting private money and you call yourself a real estate investor, HA.
You have to have private money to fund the deals you want to hold. Why would you use your own money or credit when you can use someone else's. Send out solicitations to your friends, co-workers, and family. They call that the Warm List. You will be surprised about who will be interested in what you have to offer. Just let everyone know that you can give them a return between 9% and 12% on their private monetary investments and all of the funds will be secured by Real Estate. They will love that because most people have their money sitting in banks and in non-performing investments, losing to inflation and taxes. Show them that there is a better way. We are going to call these people LENDERS.

2. Set up Your Private Money Division
Our title attorney calls this the Loan LLC. You can set up an LLC specifically to handle the private money transactions of the lenders you solicited above. The attorney will also be able to set up the paperwork, notes, options, terms, and any other specifics to your private money needs. You tell them what you want, pay, and they will take care of the rest. The idea here is that when you solicit private funds, you never touch the money personally. It always goes into title/escrow and it is disbursed according to the terms of the deal. Now you are ready to roll.

3. Too Hot for TV
Everybody knows an investor who needs hard money. EVERYBODY knows an investor that needs hard money. Well guess who is a hard money lender now? You that's who. Use the private monies you borrow at 9% and loan at 5 points and 12-14% for 6 month terms. Turn the private funds 3 times in 24 months and watch your pockets get FATTER!! If I'm lying...I'm flying. Now you are the bank and you control your own income. Analyze the deals as if it were your own and if it makes sense loan on it and collect.

As you can see the Lender loans to you and your Loan LLC lends to the borrower. What great things you can accomplish as a professional middle man. If you turn more you make more. It is plain and simple. The hard money division of your real estate investment business is NOW OPEN. You can thank me later or sign up for "the what and the how" real estate investing program in Dallas, Texas where I teach all of these strategies for creating wealth. So, I encourage you to take action on this one my fellow investors.

Blessings to your Real Estate Investment Successes,

Milton B. Yates
www.miltonyates.com

The Secret to Short Sales...This works ANYWHERE!!

2007-10-16T20:16:00.000-07:00

Let's start off by defining what a short sale is. A short sale is when the bank accepts a lesser amount than what is owed by a borrower as full settlement of that borrower's debt. So if you were to purchase a short sale, you would be buying "short" both the market value and the mortgage's principal balance. Short sales are not for the faint of heart and they do not convert overnight; however, they make for very healthy profits if executed correctly.

If you haven't established a down-line in your real estate investment business, you are new to investing, your time is not blocked correctly, or you aren't that confident yet; STOP. LOOK. READ. Lesson #1 on short sales is that you don't have to do them. It is very time-consuming to get the lead, call the lead, convince them that they have no equity and could potentially be upside down, call the bank, submit the packet, show up for the Broker Price Opinion (BPO), wait for the counter, play poker with the loss mitigation department, and MAYBE get an approval. Don't get me wrong. If you are able to get that approval then you will certainly make tons of money from the deal, if you follow the "system" I talked about in another article. But you don't have to do all of that work.

Just like with the REO properties, find a hungry Realtor who is looking for business and have them scrape their 180+ listings for pre-foreclosure situations. Have them convince the sellers to agree to sell for what they owe and let them contact the bank to negotiate a short sale if necessary. You in turn, fund the deals with private money, hard money, or cash, and the realtor gets a property sold that would in most cases be sitting for another 180+ days. Not all of these deals will end up as short sales. Some of them will end up being GREAT BUYS without going through the bank. At the end of the day, with or without a bank type purchase, the agent gets theirs. That's all they want anyway!

Note: Banks love working with LICENSED professionals. The Realtor will have a much easier time effectively communicating with the loss mitigation departments at these banks, then you will as an investor. So now you should have a couple of effective ways to use agents as bird dogs and you just sit back and raise private funds to put on all the deals that agent gets approved. It's a Real Estate Investment Business on Auto-Pilot and it's almost better than THE REAL ESTATE INVESTOR IN A BOX product my business partner and I have put together as a "Done for You" service to the lazy investor. You can be a successful Real Estate Investor without ever buying or selling a home. Think about it. If you have questions about that you need to visit my site at www.miltonyates.com.

Blessings to your Real Estate Investment Successes,

Milton B. Yates
www.miltonyates.com

All You Need to do is FOLLOW THE SYSTEM!

2007-10-16T11:22:00.000-07:00

It is inevitable that if you go outside of the system, there will be SERIOUS turbulence in your business. If you were given guidelines to go by, and you decided that you wanted to add a little extra, chances are you shot yourself in the foot. Stay within the guidelines and do not buck the system. This will always hold true. Anyone that thought there business was different or anyone who thought their employees were different, can tell you that a system is nothing to ignore. There was a reason it was put in place and systems generally have a proven track record of success before they are used by many.

So there is a system of investing that is very simple, but somehow people decide to put a little twist on it and they end up with not so good deals. Check out the formula here: "We generally offer between 70 and 85 percent of the market value less repairs. Market value is determined by the average of the properties sold in your subdivision, with the same specs, that have sold in the last 180 days." I am very unsure WHY investors ask whether a property valued at $___ and listed at $____ is a good deal. The system is in the formula.

Unless you have personal goals that prompt you to make decisions that would otherwise be considered careless investing, stick to the formula. You may ask, "When do I offer 70% less repairs?" Offer 70% as a cash purchase. If the seller wants the loan out of their name and they want a cash deal or new financing then 70% less repair is the maximum you would pay for that property. AND NOT 70% of the listing price, 70% of the value determined by a comparative market analysis aka CMA or comps. Between 71 and 85%, offers should be made leaving the existing financing in place. We like to call these "subject to" purchases because they are transactions subject to the existing financing. "Is this an assumable mortgage?" Absolutely not. Assuming a mortgage originated after 1979 is illegal. When you purchase a property "subject to" existing financing you are simply taking over the payments. As the investor, you are taking title to the property but the loan (trade line) stays in the seller's name. The maximum offer "subject to" would be 85% of market value less repairs.

Stay within this system and deals will see very quickly whether to pursue or walk away from a deal.

Blessings to your Real Estate Investment Business,

Milton B. Yates
www.miltonyates.com

Direct Mail Remains Unmatched for Lead Generation

2007-10-15T08:32:00.001-07:00

My business partner and I sit back and watch our emails fill with Real Estate leads that are a result of direct mail. Direct Mail remains the #1 method of lead generation for our Real Estate Investment business. I can only tell you what has worked for us. I'm just saying...

We visited www.therealestatemarketingking.com and signed up for some super-savvy direct mail campaigns, that combine the use of yellow personalized postcards, over-sized yellow postcards, yellow post-it notes, large handwritten-font yellow letters, etc. Their lists range from 60/90 Day Late, Pre-Foreclosure, Property Tax Delinquent, Bankruptcy Chapter 13, Free and Clear, Out of Area Owner, Expired Listings, Adjustable Rate Mortgages with Equity, Wholesale Properties, Multi-Family Properties with Equity, and much much more. Each piece of mail sent out to prospects is personalized by first and last name. Every investor who dabbles in direct mail knows the hassle of first buying a list, scraping the list, and then attempting to fulfill the order in an efficient manner. It isn't likely that the goal of sending out 3000 mailers in a 3 to 5 day window will occur. Why not let someone find the list for you, scrape the list for you, and then mail the list for you. Absolutely EVERYTHING is "Done for You." We have consistently brought in over 100 leads per month through our direct mail campaigns.

Understand that the time you spend doing all of the preparation to send out personalized post cards is actually losing your business money. The value here is in your time. Don't waste your time because you NEVER get it back.

Try Direct Mail with www.therealestatemarketingking.com and I promise you will not be disappointed. Good Luck!

Blessings to your Real Estate Investment Riches,

Milton B. Yates
www.miltonyates.com

Ending the Year with a BANG!!!!!

2007-10-14T22:18:00.001-07:00

Wow! I can't believe that 2007 is almost over. It seems like it just started. There are so many exciting things happening this year. My wife and I will be having our first child of MANY in just 7 weeks. We decided not to find out whether the baby will be a boy or girl, so I can't wait to meet him or her.

"The What and the How" Real Estate Investment Program in Dallas, Texas is taking some super-exciting turns as we are venturing out of the country to foreign soil. As the group grows larger and larger, we WILL soon take over Real Estate Investing in Dallas and all over the WORLD.

A Quick Tip: Stop looking online and finding REO (bank-owned) properties to buy. Find an agent and tell them you want to make about 30 offers a month on REOs that have been listed for 180 days or more. Tell the agent to make the offers at 50% of the listing price and make them contingent upon inspection. Each time the bank asks for a counter, send the offer back $5000 less. Of course, all of the offers won't be accepted, but if you can get two or so accepted out of 30+, you have hit the jackpot. All you need to do is fund the deals using cash, private money, or other sources. Agents are not super-busy right now, so they will jump all over this idea.

Blessings to your Real Estate Investment Successes,

Milton B. Yates
Real Estate Investment Coach
www.miltonyates.com

The Buyers List

2007-10-14T22:13:00.001-07:00

What use it anyway to go out and buy houses everyday of the week until you're blue in the face, if you don't have anyone to wholesale to. Now don't get me wrong, your real estate investment goals could be to hold 100% of the time. If that is the case, then this message doesn't apply to YOU. If your primary exit is to wholesale deals, you need a strong buyer's list.

Tip #1 - Go to free ad sites i .e. Craigslist and Kijiji and submit information on houses you have available for wholesale.

Tip #2 - In the ad itself you will need to invite viewers to visit your website if they would like to be added to your buyer list.

Tip #3 - Knowing that only one investor can purchase the deal from you, the investors that missed the boat on the posted add get solicited for other deals you have. I Guarantee you will have an out of this world list in just a few weeks of posting ads. Good Luck.

Blessings to your Real Estate Investment Successes,

Milton B. Yates

P.S. I was 50% on the day....I'm glad the Cowboys lost because the
Redskins certainly didn't get the job done.

Do you have goals for Real Estate Investment in Dallas, Texas

2007-10-14T21:10:00.000-07:00

I know we've heard it time and time again. Set your Goals...Write your Goals! We hear from every successful person yet we still don't feel like doing it. The fact is...If we won't take the time to figure out what we REALLY want, how are we REALLY going to get it. Some of us may need to figure out why we have not taken the time to write down our dreams and desires. Are we afraid that if we admit to ourselves what we want and desire that we may fail? You have to be willing to write as well as verbalize your goals. When your goals are clear, you know what you should be doing and what you shouldn't be doing. For example, if your goal is to close on two deals for the month, each and every activity that you involve yourself in should be directly focused on that goal. When you are on the phone with a friend ask yourself "Is this going to help me close two real estate deals this month? When you push the snooze button ask yourself "Is this going to help me close two deals this month". You may be involved in something very productive; however, if it doesn't answer "yes" to your goal question then you must stop doing that activity. If you practice this technique and train yourself to ONLY participate in activities that will answer "yes" to your goal question and that lead you to your goals, you will be on your way to surviving as a successfull real estate investor.

Supporting your real estate investor success,

Milton Yates

You can succeed as a real estate investor
Dallas, Texas

About me…MY NEXT "THE WHAT AND THE HOW" FREE SEMINAR ON REAL ESTATE INVESTMENT WILL BE HELD ON THURSDAY NOVEMBER 1, 2007...IN DALLAS, TX... FOR INFORMATION AND SIGN UP CLICK THE "FREE SEMINAR" LINK TO YOUR LEFT!!!For those that don’t know me, my name is Milton B. Yates. My first major entrepreneurial venture was a healthy food delivery service and restaurant. I eked out a respectable living in that Industry for over 5 years. But then I attended a seminar that literally changed my life. It was one of those huge Real Estate Investment Seminars and I had the good fortune to be exposed to Lloyd Irvin and the Real Estate Investment Queen, Vicki Irvin. After listening to them, I invested in their Renegade Real Estate Retreat and its resources. Shortly afterwards, I started my own real estate investment business and began posting my own ads and signs, creating my seller and buyer lists, and getting super duper deals...experiencing extraordinary success. As you can imagine, I was hooked! So hooked that I have been addicted to real estate investment, both learning and teaching. I have joined several mastermind groups and I became obsessed with mastering the ability to teach non-traditional real estate investment methods in Dallas, Texas. I believe that the realization of wealth comes in helping others obtain it. I continue to purchase 2 to 3 houses per month in the Washington, DC Metropolitan Area and wholesale no fewer than 5 per month. I have mentored some of the most successful real estate entrepreneurs on the east coast and the Dallas/Ft Worth Metroplex

President, A.S.A.P. Community Solutions, Inc

Milton B. Yates
http://www.miltonyates.com

Milton B. Yates

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