Archive for 'Real Estate'

Fair Housing Do’s and Don’ts
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Landlord Training – Tenant Challenges Part VI

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After having another Straight Line Wind Blast, Mike Butler shares tips for your tenants, insurance, restoring service quickly, along with do’s and don’ts.

The same set of storms that hit Indianapolis during the Sugar land concert causing the entire stage and rigging to crash into the audience killing 5 people.

 

 

 

HUD has implemented a program that allows unemployed borrowers to remain in their homes for an extended period of time without having to make a mortgage payment.

The FHA has always taken exceptional steps to assist borrowers who have become delinquent in their loan payments. For example, borrowers who have fallen behind in payments are urged to contact a HUD approved housing counselor. There are a variety of programs available to help delinquent homeowners. The HUD housing counselor can provide specific guidance to each delinquent homeowner on the best course of action to take.

Commencing in August, the FHA will make changes to its Special Forbearance Program. Loan servicers will be required to Click Here for Full Video/Article (Members Only)

Carl Fischer is featured expert on this Power Lunch

Year End and New Year Planning for Tax Free Profit

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How to Pre-Screen Your Sellers in 10 Minutes or less allows you to focus on Motivated Sellers having more profitable deals.

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Stay Tuned, the financial tsunami is not over. 157 Banks failed in 2010. This is why banks are so reluctant to make loans, especially to investors. The Federal Bank Examiners are actually doing their job now when compared to how they were so laid back a couple of years ago during the “Fog This Mirror and You Are Approved” lending bonanza.
– Mike Butler

By THE ASSOCIATED PRESS
Published: January 7, 2011

Regulators on Friday shuttered a Florida bank, the first closure of 2011 after 157 banks succumbed last year to the struggling economy and mounting bad loans. The Federal Deposit Insurance Corporation took over First Commercial Bank of Florida, based in Orlando, with $598.5 million in assets and $529.6 million in deposits. First Southern Bank, based in Boca Raton, Fla., agreed to assume the assets and deposits of the failed bank. The failure of First Commercial Bank of Florida is expected to cost the deposit insurance fund $78 million.

Mike Butler Shares How You Can Pay Off Your Loans FASTER without Making Any Extra Payments. Not a Misprint. This is True.

Mike shares one simple example of this with his daughter in her new home.

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This is NOT New for those who attended the Great Investor Cruise or attend our POWER LUNCH Series.
My CPA, Mike Grinnan shared this troublesome news several months ago.  (another reason to stay tuned to AskMikeButler.com) The most disappointing aspect of this new tax law is the “targeting” of landlords and real estate investors.
The rest of the world has an effective date of Jan 1, 2012; however, real estate investors and rental property owners effective date is Jan 1, 2011. NOW!
Every “anything or anybody” that gets paid more than $600 by you in the calendar or tax year, you must now send them a 1099.
But hold on, this includes utility companies, Home Depot,… Click Here for Full Video/Article (Members Only)

Landlords are beginning to act more like airlines—using supply and demand to make quick adjustments to rent prices.

Long an old-fashioned bunch known for thick bundles of leasing agreements, some landlords are now using sophisticated computerized models to monitor competition, upcoming vacancies and seasonal patterns to determine optimal rent. While it’s not quite the blink-and-you’ll-miss-it tactics of airlines, rents can change quickly, sometimes day to day.

For landlords, it is about “being able to react quicker, changing your Click Here for Full Video/Article (Members Only)

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