Archive for Real Estate
Donna Bauer speaking at Real Estate Investor Group (Philadelphia)
Posted by: | CommentsDonna Bauer speaking at Real Estate Investor Group (Philadelphia)
Diversified Real Estate Investor Group (DIG) is having Donna Bauer, a national speaker, at their February 23rd meeting.
Donna Bauer, the expert note and mortgage buyer, will be here to teach real estate investors around Philadelphia how she buys, sells, trades notes, and mortgages with minimal time and without using her own money! Come to the next DIG Meeting on February 23, 2012, and learn how to put $5000 cash in your pocket in the next 30 days. Donna Bauer’s presentation is a must see for every real estate investor!
DIG is a non-profit real estate investor group located near Philadelphia, PA, that has been educating members since 1978. DIG has meetings once a month as well as subgroups, seminars, educational classes, and other networking opportunities as well.
You can attend your first DIG Real Estate Investor meeting at no charge to come and see what it’s all about! Checkout www.digonline.org for more information!
As the largest Real Estate investor education group in the Philadelphia/Tri-state area, DIG provides its members an unsurpassed education as well as the finest networking opportunities available. DIG’s goal is to educate and motivate real estate investors to achieve the success they desire. The group’s focus is promoting successful and ethical real estate investing standards for both the experienced and novice investor.
The February 23rd will be held at the Holiday Inn; 432 Pennsylvania Avenue; Ft Washington, PA.
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The meeting runs from 6pm to 9pm.
Pacific Heights Revisted?
Posted by: | CommentsEver wondered if it was worth pulling credit reports? Checking eviction history? Checking Civil and Criminal history? Checking references?
This is why you ALWAYS need to check references, pull credit reports,
get eviction history, and check the legal records. Trying to save a
few dollars on a credit reports etc. is penny wise and pound foolish.
The tenant from someplace lower than hell:
http://blog.nj.com/njv_barry_carter/2011/05/carter_newark_man_acts_as_his.html
Government Grants for Lead Paint
Posted by: | CommentsThe Department of Housing and Urban Development (HUD) has announced that they are making grants available for lower income homes to help eliminate lead-based paint and other related health hazards. Applications are being accepted for the three programs until June 9, 2011 and are designed to protect young children and other vulnerable populations like asthma sufferers.
“These grants are critical for States, counties and cities who are on the front lines of protecting our children from lead hazards and other residential hazards,” said Jon Gant, Director of the Office of Healthy Homes and Lead Hazard Control. “While we have made remarkable progress toward eliminating lead poisoning in children nationwide, now is the time to focus on reaching the finish line. We look forward to communities applying for these grants so that they can help make older housing safer and healthier for children.”
HUD is making grants available through the following three programs:
- Lead-Based Paint Hazard Control (LHC) and the Lead Hazard Reduction (LHRD) grant programs – These grants will identify and control lead-based paint hazards in eligible privately owned housing for rental or owner-occupants. Application due date: Thursday, June 9, 2011 http://www.grants.gov/search/search.do?oppId=86547&mode=VIEW
- Healthy Homes Production – This grant program is modeled after the previously successful Healthy Homes Demonstration and Lead Hazard Control grant programs, and will enable public and private grantees to address multiple housing-related hazards at the same time. Application due date: Thursday, June 9, 2011. http://www.grants.gov/search/search.do?oppId=86573&mode=VIEW
All applications must be submitted electronically through www.grants.gov. HUD also recommends signing up for Grants.gov’s notification service to receive periodic updates and changes to this grant offering.
PECO Electric Rates Going Up
Posted by: | CommentsPECO Electric Rates Going Up
What you can do to save
What happens after Jan. 1? Are the rates going to jump 30% like some of the Chicken Little posts on the DIG Answer Line have been suggesting for the last couple of years? The quick answer is no. PECO’s rates are going up 5%.
If you stay with PECO, you’ll now be charged a market price for power, set at 9.92 cents per kilowatt-hour through March and the rate is slated to adjust each quarter. The 5 percent increase you’ll face in January is the result of regulators’ decisions to raise PECO’s distribution rate and its flat-fee monthly “Customer Charge.”
Where is your electricity going to come from? PECO will still be your regulated utility, required as always to maintain the power lines and other equipment that make a modern electric system function. You’ll still call PECO about outages, and PECO will still send you your bill.
How much can I save by switching? Some marketers are muddying the waters by saying that power prices are about to rise 30 percent – conveniently ignoring that Peco’s generation charges were kept artificially low by the cap. Still, the potential savings are real, if modest.
Right now, some alternative suppliers are offering fixed prices, guaranteed for a year, that can save you more than a penny per kilowatt-hour vs. PECO’s 9.92-cent price – formally known as its “price to compare.”
The typical PECO customer uses about 750 kilowatt-hours per month. At that level, a customer could save about $7.50 per month or $90 a year – more than offsetting PECO’s projected $6 increase. Higher-end customers could save even more.
How do I find a supplier? You may get calls or direct-mail offerings, or even pitches from friends, neighbors, or relatives – some suppliers are using multilevel-marketing methods.
Your best bet? See the Comparing Electricity Providers chart on this page or go to a reliable website like the ones maintained by the PUC (http://www.papowerswitch.com/shop-for-electricity/shop-for-your-home/by-distributor/peco-energy/rs/)
or the Office of Consumer Advocate (www.oca.state.pa.us/Industry/Electric/elecomp/ElectricGuides.htm). Each lists more than a dozen alternative suppliers.
Whichever you choose, you need to remember that either choice does not do anything to reduce the amount of electricity that is used by the household.
Regardless of the choice of suppliers, there are hundreds of ways to reduce the amount of energy used in a home, most of which cost nothing or next to nothing and are very, very simple to do. Check out this website for some of those:
http://www.dailyhomerenotips.com/energy-conservation
Benefits When You Refinance for Investment Property
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It has been quite a good time for long-term interest rates reaching such low levels. Since it can’t be avoided that people will look for places to rent, there is a distinct advantage in investing in properties for renting. However, a loan that had good terms made before the purchase might no longer be a good option because the market conditions change. Which is why looking for a way to refinance for investment property should be one of the things that a good investor should keep in mind. It can greatly help in further increasing the cash flow of the investor to provide more passive income, but it can also be used for other gains. Read More→
Advantages of Rental Investment Loans
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Having rental investment loans are even harder and more costly as compared to other types of property loans such as the owner-occupied mortgage that is available in the financial market. Rental investment loans have a higher interest rate and higher down payment aside from the very strict terms and conditions. Another requirement is that the borrower should also have a very good credit rating. These aspects mentioned above can make rental property loans tougher for borrowers. Read More→
Ways to Find Wholesale Property Buyers
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Investing in wholesale real estate is indeed a lucrative endeavor that’s why most people are getting into this business. But as an investor, utmost caution is called for if you want to succeed in this industry. Certain issues have to be dealt with properly in order to avoid complications in the long run. Among these issues, looking for wholesale property buyers is one that needs your undivided attention. Without a doubt, finding numerous prospects will mean significant earnings for you. Read More→
Start Making Money with Rental Property
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If you have plans to invest in real estate, try by making money with rental property. You will have the advantage of earning an incessant income every month and you can use it to pay for the mortgage as well. The extra money you can use to either improve the property or use it as a passive income. Read More→
Pointers On How to Make Money On Real Estate Notes
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There are lots of ways on how to make money on real estate that’s why people have started investing in this business venture. And in order for you to succeed, you need to know how the system works and you should expect that things will not come easy unless you put some effort and hard work. Real estate has the potential to bring you more money but take note that it will take time and you will face several challenges and not to mention that you will have much competition in this field. However, if you sit down and learn the ins and outs of real estate investing, you will find it worthwhile. So here are some of the things you must acquire and need to know on how to make money on real estate notes. Read More→
Tips on Finding Fixer Uppers Houses
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Investors will constantly search for good properties to invest in, that’s why many are still looking into fixer uppers houses for an investment. And for you to find these types of properties you are not only required to locate a cheap property but you will also need to make an extensive research on other factors as well. Read More→
