Right now, there are a few things about the FHA that make me feel a little like …. 2007.
http://www.theatlantic.com/business/archive/2012/11/the-next-housing-bailout-big-trouble-brewing-at-the-fha/265359/

Here are three quick take-aways from this article:

• FHA now guarantees 16 percent of all US mortgages, and 30 percent of all new home purchase mortgages.
• Fannie, Freddie, FHA, Ginnie Mae, and even the USDA act as the five faces of Uncle Sam’s home loan shop; they account for 90 percent of all new originations.
• In the first quarter of FY 2012, an estimated 40 percent of FHA’s business consists of loans with either one or two subprime attributes.

Articles like this make me wonder if we didn’t “federally guarantee” our way out of the housing mess.  In fact, I wonder how big are the problems still within the industry.

But articles like this can’t stop your business.  One of the things that keeps me going is the one big thing we all have going for us in our business – people need a place to live.

Join us tonight at WREIA for the last meeting of the year.  There will be no outline to follow.  There is no script tonight.  But that doesn’t mean you won’t want to take notes.

  Come join us tonight and find out more about where our members

Get more details and register for the WREIA Nov. meeting tonight at
http://nov2012-wreia-wreia.eventbrite.com

Many people will need help in 2013 – I sure hope you plan on being with us tonight to listen in an maybe even contribute to the conversation.

• Commercial
• Where do I find small commercial deals that cash flow?
• What type of programs are available to finance commercial properties?
• Advantages and disadvantages of this type of investment?
• Renovation
• How are you finding deals?
• What is the toughest part of the process?  Finding, Fixing or Selling?
• Where are the best places to invest?  Where are the DC Area Hot Spots?
• Wholesaling
• How do you build a reliable list of Purchasers?
• Where do you find information on value and renovation expenses?
• How much money can I expect to make on a typical wholesale deal?
• Investor/Realtor
• How do I find a realtor that can assist me with investments?
• Is the MLS a good source of deals?
• What do I need to have in order to be attractive to realtors?

Get more details and register at   http://nov2012-wreia-cc2.eventbrite.com

Let me know how I can help you,

John Peterson

 I HAD To Laugh When I Heard Him Say…

“This fiscal cliff is scaring me to death! I don’t know what to do.”

“Why?” I asked.

For the next 5 minutes I heard what sounded like a word for word reporting of every thing I’ve been reading and hearing about across every newspaper and news station.

The big difference for me, I explained, was that after all the same “news”…..

I see opportunity.

If all of the headlines are making you just the slightest bit nervous, come join us on Monday night at Washington REIA.

One of the things we are going to talk about is the Mortgage Forgiveness Debt Relief Act. The Act is set to expire on Dec. 31st.

You can find more at http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-

The expiration of the Act concerns me for one reason.  When we are talking with potential sellers of over-leveraged properties, this Act creates an incredible tax incentive for them to sell their property through the short sale process OR apply for a modification of their existing mortgage.

There are still millions of people across the country who are underwater on their homes.  There are thousands of people in the DC/Baltimore area who still need help.

If this Debt Relief Act is not extended, we will be switching most of our focus to the bankruptcy courts.  That will be the only solution for many of these people in our area who need to get out from under their properties and the massive deficiency judgements that would follow.

Come join us Monday night and find out more about where our members
found terrific success in 2012 and where we are focusing in 2013.

Get more details and register for the WREIA Nov. meeting at
http://nov2012-wreia-wreia.eventbrite.com

We are going to cover a lot of ground on Monday.  Washington REIA members will be talking about their investing discipline, including answering the following;

Commercial
Where do I find small commercial deals that cash flow?
What type of programs are available to finance commercial properties?
Advantages and disadvantages of this type of investment?

Renovation
How are you finding deals?
What is the toughest part of the process?  Finding, Fixing or Selling?
Where are the best places to invest?  Where are the DC Area Hot Spots?

Wholesaling
How do you build a reliable list of Purchasers?
Where do you find information on value and renovation expenses?
How much money can I expect to make on a typical wholesale deal?

Investor/Realtor
How do I find a realtor that can assist me with investments?
Is the MLS a good source of deals?
What do I need to have in order to be attractive to realtors?

Get more details and register for the WREIA Nov. meeting at   http://nov2012-wreia-wreia.eventbrite.com

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

P.S We are doing projects all over Metro DC!  If you need an active finance partner in the Washington DC area, we have been expanding our capital base and now have all the funds you could ever need to help you with your deals.   You can request a funding letter or share details on your property at http://dchardmoneylender.com/quick-property-submit/

Join us at the November WREIA meeting.  Get more details at http://nov2012-wreia-wreia.eventbrite.com

The Window IS Closing

Where are we going in 2013? Well….

“The end of 2013 is going to look very different than the beginning of the year.”

That quote was said during a conversation a few days ago with one of our private money partners.

***
By the way – We currently have access to all the capital you could
possibly need to fund your deals.
(And yes, that’s a shameless plug.)
Call the office at 301-881-5541 if you need a finance partner.
***

Come join us at WREIA next Monday at the final monthly meeting of the year and find out why 2013 will present many opportunities at the beginning of the year, that will not be available at the end of the year.

Last year when we had this same members-only format for the November meeting, everyone who attended agreed it was one of their favorite nights of the year.  Our WREIA members are going to get up and tell you about their year – both positive and challenging – and how a few of them have made exponential progress during 2012.

Come a little early for the pizza and networking, but make sure you get a good seat.

Please note: We will not be distributing a presentation after the meeting and there will be no video or audio recording available of the Nov. meeting.

Like a stuck window that you need to close due to a coming storm – sometimes you have to open it further to get it moving.  Our window of opportunity is going to swing wide open in the 1st quarter of 2013 before it slams shut later in the year.

Come join us and find out why on Monday night.

Get more details and register for the WREIA Nov. meeting at
http://nov2012-wreia-wreia.eventbrite.com

We are going to cover a lot of ground on Monday.  Washington REIA members will be talking about their investing discipline, including answering the following;

Commercial
Where do I find small commercial deals that cash flow?
What type of programs are available to finance commercial properties?
Advantages and disadvantages of this type of investment?

     Renovation
How are you finding deals?
What is the toughest part of the process?  Finding, Fixing or Selling?
Where are the best places to invest?  Where are the DC Area Hot Spots?   

Wholesaling
How do you build a reliable list of Purchasers?
Where do you find information on value and renovation expenses?
How much money can I expect to make on a typical wholesale deal?

    Investor/Realtor
How do I find a realtor that can assist me with investments?
Is the MLS a good source of deals?
What do I need to have in order to be attractive to realtors?

Get more details and register for the WREIA Nov. meeting at   http://nov2012-wreia-wreia.eventbrite.com

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder