| Short-Term Loans for the Real Estate Investor
For those playing the real estate investing game, this type of investment requires a loan company that specializes in providing short-term loans. Richmond Investment Properties is helping investors by providing access to loan money for real estate investors through www.rehabbercash.com (PRWEB) March 15, 2007 -- Richmond Investment Properties, known for taking the hard work out of finding moneymaking house deals, has recently begun providing real estate investors with specialized loan programs that cater to this type of real estate investing. Money for flipping a property is only needed on a short-term basis. Enough time to purchase the purchase the property and fix it up for resale or refinancing. Through www.rehabbercash.com, loan money is available to real estate investors in metropolitan areas who buy houses, fix them up, and re-sell them.
Caught in the subprime lending pinch
In 2005, Patricia Jones pulled her four grandchildren out of the neighborhood in Mattapan where they lived because she worried about crime in the area. Jones, who assumed custody of the children, ages 4 to 17, from their mother, has been steadily employed at NStar, the utility company, since 1977, rising from keypunch operator to customer service representative. She sold her three-decker in Mattapan, purchased in 1998, for a smart profit and put $55,000 down on a $555,000 house in Quincy located 100 yards from the grade school two of her grandchildren now attend. A second daughter, Keysha Jones, agreed to move in and share child care and bills. "We were both desperate," said Keysha Jones, whose two children are handicapped. Unfortunately, Patricia Jones's timing couldn't have been worse.
Don't plan on using money in your IRA to purchase your new home
Q: We own a condo we purchased outright for $125,000. No loan, no credit, just our own hard-earned money. We have already visited another state where we wish to move, found the house we wish to purchase, and have made an offer of $88,000. (The house is appraised at $93,000 but it's a real fixer-upper!) We have $75,000 total in our IRAs, a little over $20,000 in cash and $14,000 available on the only two credit cards we have (which we pay off every month). Because the property appraised at $93,000, we know we can take out an 80 percent loan-to-value conventional loan, but that would cost around $1,000 just for the loan, not counting the interest. We anticipate our condo selling within six months. At that time, we will pay off any other loan. It seems a waste of $1,000 for a six-month loan.
Unlock your wealth
Many property owners find themselves trapped by management responsibilities while earning only a fraction of the monthly income they desire. With good investment planning they can frequently double and sometime triple their monthly income, reduce the risk of their investment portfolio and minimize management responsibility -- all while avoiding taxes in the process. .
The Sundance Channel Goes Green With 13-Part Original Series 'Big ...
Sundance Channel's THE GREEN, a new weekly primetime destination focusing on environmental topics, launches April 17, 2007 at 9pm. With THE GREEN, Sundance Channel becomes the first television network in the United States to establish a major, regularly-scheduled programming destination dedicated entirely to the environment. Consisting of three hours of programming, THE GREEN will present original series and documentary premieres about the earth's ecology and concepts of "green" living that balance human needs with responsible care for the planet. THE GREEN reflects the current tipping point in public awareness about ecological issues and the trend towards environmentally sustainable approaches to modern living. The destination is designed to be both edifying and entertaining, with an emphasis on information, practical advice and community building.
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