Investing In Real Estate Part Time or Full Time | Getting Started While Working a JOB
February 12, 2010
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It’s been a while since I posted to my City Scoop blog. I’ve been so busy with business endeavors that are complimenting or separate from real estate investing. Right now I am launching a small business advertising firm and it has taken me away from full time investing. It brings me to the topic of investing part time or full time.
When I talk to people about how I got started in real estate investing they often assume they don’t have time… The fact is that when I got started I was waiting tables 6 nights a week in the restaurant business. The people that find success in real estate often start part time while they work a full time job. The important thing is to get started somewhere. The key is to build a base, learn everything you can and create some contact and mentors. By no means do you need this to be a full time endeavor at first.
All of these are the reason why you should attend one of our free events. You will have an opportunity to meet others experienced and novice that want to help you succeed. You will also gain knowledge that will empower you to take action on those first deals. Finally we can show hundreds of resources to create capital for your projects. One of the biggest misconceptions is having the money to get started. Right now I can introduce you to over 300 non traditional lenders that want to lend you money for your real estate deals!
Real Estate Investing: part time or full time?
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Until Next time Here is to your success! Jason Wheeler 925-285-2172
Four Big Reasons YOU Need to Own a Business | Creating Multiple Income Streams
December 4, 2009
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Whether or not you have a great job there are tons of reasons everyone should own and build a business. Do you really want to spend 40 years working to make your CEO rich and at the age of 65 be tossed to the retirement world. It truly is sad that only 1% of today’s 65 year olds retire wealthy. Whether or not you build that business from home in your spare time or go full time right away the benefits of time freedom is really what everybody wants. I speak to tons of people who claim they just don’t have time because of their family or work schedule. I often wonder what that must feel like? Donald Trump has the same 24 hours in a day as you and I do, the main difference is the mind set and activities that set great business people like Donald Trump and Warren Buffet apart from the masses that spend so much of their time making other people rich. The fact is that if you desire more time freedom and options to really spend your life doing the things you love, you will need to achieve financial freedom. Money is absolutely not everything however it sure does give you options. Below are four of the main things to look for in a business that will help you achieve your time freedom.
- A Need - Most important there must be a real need for your products or services. There are tons of “get rich quick schemes” on the internet and late night television that sound too good to be true and promise millions with little or no effort. Let me tell you if you put forth no effort you will not receive much of a reward. When you look at business idea you must first ask “Who will benefit from what I am selling?” If it is not something you yourself would buy and use then it is probably a bad idea to try and sell it to others.
- Leverage – If you look at the Forbes 500 richest individuals they are ALL business owners of some kind. One of the main things that a successful business will have besides a real need for it’s product or services is leverage. As a worker or an employee you are being leveraged. What if you could decide to go on vacation and when you came home you still had the same check in your account as if you continued working? The power of a leveraged business is truly the route to financial freedom. In business the two main forms of leverage are people and time. Ask yourself who is leveraging you?
- Duplication – Just about every example of a million dollar company out there uses duplication. Look at McDonalds. Do you go to a McDonalds because they have the best cheeseburgers in the world? NO WAY most people go there because they know that no matter what McDonalds you go into in the entire world you will get for the most part exactly what you were expecting. McDonalds and thousands of other successful companies found a need for a product and developed a system to duplicate it almost exactly almost all the time. People spend hundreds of thousands of dollars in order to leverage the McDonalds system through franchising. If you could leverage someone else’s great idea and duplicate it over and over again how much money could you make?
- Residual Passive Income – a very important part of a achieving financial freedom is receiving residual passive income. This is when you do something once and it pays you over and over and over for the rest of your life. They do it in the Insurance Industry, the Direct Sales industry and Real Estate. Barrack Obama wrote his memoir “The Audacity Of Hope” and he will get paid every time that book sells a copy for the rest of his life. It might not be much but what if you sell a lot of books? Just imagine if you did something everyday that increased your monthly income by $10 a day on a residual basis. At the end of one year you would be making $3,650 per month. What if you continued to do that same duplicated idea for 10 years? You would be making $36,500 every single month! Would a passive residual income like that allow you to quit working for somebody else?
Those are the four main reasons that everyone should build a business. As a business leader and successful real estate investor in the California Bay Area I can show you several methods to start doing exactly what is described above. When I started out in business I was working part time serving tables and bartending at a local restaurant however since 2003 I have learned many of the methods millionaires use in order to create the success deserved by everyone. The most rewarding part is passing the knowledge on and helping those who are willing to listen and take action create massive success in business. If you would like to learn more please connect today and let’s talk.
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Until Next time Here is to your success! Jason Wheeler 925-285-2172
Failures Are Stepping Stones to Success | Are You Quiting Five Feet From Gold?
November 12, 2009
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This is a great video to spend a minute on especially if you are feeling frustrated or discouraged with whatever you are working on. So many ask me how I got where I am and tell me I’m lucky to have found success. Anyone that has ever seen any success knows that it is not luck but consistent practice and persistence over time. You must fail! Sometimes countless times before you ever really start seeing rewards. The key is staying in the game long enough to start seeing those rewards. Don’t quit three feet away from gold.
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If you’ve never failed then you will never ever see success! However in Real Estate a mistake can sometimes cost you hundreds of thousands of dollars. Avoid making mistakes in your Foreclosure and REO Investing. Learn from pros that have done it right!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Taking Action Today | Why Invest in the California Real Estate Foreclosure Market |
November 11, 2009
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People ask me all the time why should I get involved in Real Estate in today’s market? More important HOW can I make money in today’s market? It always surprises me and honestly makes me laugh a bit how so many people have a negative view of Real Estate because of what the media news and the guy next door says. Yes foreclosures and everywhere and there a lot of people that made bad decisions with financing. Five years ago there were so many different loan programs and many consumers did not understand or were not disclosed properly on the loans they were getting into. On the other side of that coin there are tons of opportunities with Foreclosures, REO (Bank Owed Properties) and Auctions. Since 2003 I have help hundreds of people own Real Estate and since 2007 I’ve worked with and Mentored with some of the most successful Real Estate Investors in the CA Bay area from San Jose to Sacramento. Below are a few of the key concepts that I have learned from several mentors over the years..
- Do What the Wealthy Do – If you look at last years Forbes 400 richest people in the world you will find that ALL of them hold much of their investments and holdings in Real Estate. The last time I read an article on a millionaire they never got there by work at an office or serving tables in a nice restaurant. Don’t get me wrong as I spent 10 years in the service industry working for someone else and it could be a great way to make those monthly bills, but very few really get ahead working for someone else. Look at this chart from the Department of Health and Human Services.
These statistics have been roughly the same for since they started keeping track!. Why is it that so few people really create success? The reason is simple… most just aren’t willing to create the habits to make it work. The fact is you MUST build a business or a pipeline. If you would like some ideas on how you can create capital quickly we can show you a few different options.
- Real Estate Is On Sale Like Never Before – We are lucky to be living in a time where Real Estate is truly on sale. Banks are willing to take some serious discounts on properties if you are willing to simply learn how to present an offer that looks attractive and mutually beneficial. If you are skeptical that Real Estate values will return just ask yourself how much your parents bought their home for 20 to 30 years ago. My parents bought a 5 bedroom home in Pleasant Hill CA in the early 70s for $72,000! Today at the bottom of the market Their home appraises for $700,000! At the bottom of the market! Would you say that is a pretty good gain? The fact is that history will repeat and values will return. Warren Buffet says that when the masses are greedy time to run. When the masses run time to get greedy. So wouldn’t you say just about everyone is running scared right now? This is a great time to build your portfolio. Simple question. If you could have bought 20 homes 20 years ago would you be better off today? The real question is what will you ask yourself 20 years from today?
- Money Is One Sale Like Never Before – It’s no secret that interest rates are being held artificially low by the FED. In fact right now money is cheaper to leverage than it has EVER been at anytime in our history. So what does this mean? Money is cheap and Real Estate is on sale!
This chart shows the relationship and trend between the FED reserve prime rate and the average 30 year fixed mortgage from 1971 to 2009. As you can plainly see money is cheaper than ever before. Why not take advantage of the low prices and cheap money. So what? You don’t know how! Why don’t you learn? We can show you how to get started if you are willing to be trainable and work.
- Opportunities Are Everywhere – Finally look at the rate of foreclosures in the United States! It is no secret that foreclosures are everywhere! The problem
is the way the media plays it out, it would seem it is the end of the world! Sure there are a lot of people that got in over their head in the years before this recession however there a just a few out there that really see this as an opportunity. Why not YOU? If we could show you how to find a lucrative foreclosure deal and create a five figure profit over the course of 90 days, without using your own money or credit would you want to learn how?
- Recession Breeds Millionaires – Now you are out of excuses. What are you waiting for? History shows that every recession creates more wealth and millionaires than any other time. Why is that? Because a recession forces many people get out of their comfort zone, get creative and innovative. Innovation is what breeds millionaires and innovation is what has made the American Dream.
So if you are tired of trading time for dollars in your job, or if you have a great job but don’t see it leading you to the lifestyle that you dream don’t hesitate to get in touch with me and just ask me how I can help you get started. That’s right GET STARTED!! If you don’t get started with something, you will soon look back and see that life has completely passed you buy. Whatever you do don’t let lack of knowledge or money stop you. Most of all don’t let FEAR stop you! Desire will drive you to where you want to be. I spent 10 years serving tables and tending bar in order to pay the bills I never would have thought that I would have gone the direction I went seven years ago, some of the decisions I made during that time in my life have lead me here and those decisions were some of the best and most important in my life. Make a decision and take action now!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Event |
Free Copy of Think and Grow Rich By Napoleon Hill When you Register for One of Our Nationwide Real Estate Events
October 25, 2009
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Join Us at Our Upcoming Investor Forum for Real Estate Investors and Business! Events are Nationwide!
If you have wanted to get involved in today’s real estate investment market but are not sure how to get started or if you are a seasoned investor with years of experience come network and learn with our community of Real Estate professionals and Investors. We would like to help you get started and build your wealth in today’s real estate market. The main Strategies we will cover include.
- REOs
- Foreclosures
- Short Sales
- Use Other peoples Money and Credit!
- Create capital to infuse into your real estate project and investments
- A local Community of like minded Entrepreneurs that want to work with you.
Real Estate Investment Forums and Events Coming Up! Nationwide Schedule.
This will be a powerful overview of our EPIC Solutions in wealth, business and Real Estate Investing. We are exploding and looking for sharp people that deserve a better life. Come and learn how to create massive success with our team! Business attire is strongly suggested. Arrive early to network 6:30-7 with entrepreneurs and investors of the community.
San Francisco Bay Area
CLICK HERE TO Register and inquire for our next event in this territory with your city and contact information.
Sacramento Northern CA
CLICK HERE TO Register and inquire for our next event in this territory with your city and contact information.
Not in the area? We are now holding Nationwide events all over the country. Below are a list of cities where you can attend an Investor Forum and learn how to get your Real Estate portfolio going.
Los Angeles and Southern California | Utah | Chicago Illinois | South Carolina | Virginia | Washington DC Metro Area | Florida | Texas | Phoenix Arizona | Denver Colorado | Atlanta Georgia | Oahu Hawaii | Boise Idaho | Washington | New York
CLICK HERE TO RSVP and inquire for our next event with your city and contact information and we will register you and a friend for FREE!
Get ready to join the Real Estate Revolution and make your move towards building wealth at our Investor Forum!
As they say… timing is everything. Now is the time to get into one of the top industries for wealth creation – Real Estate Investing. At the Investor Forum, you will learn how to recession proof your future and capitalize on profitable opportunities in Real Estate such as foreclosures, short sales, auctions, REOs and more.
If you’re not sure if Real Estate is right for you – come to the Investor Forum and hear real stories from local investors and see real examples of enormous success in business and Real Estate happening all over the country.
Don’t wait any longer to find out why so many millionaires and billionaires are created through Real Estate endeavors… Join the Real Estate Revolution TODAY at the Investor Forum!
Seating is limited, so you must register in advance to attend. To reserve your seat today, contact us and reserve your seat.
Yours in success,
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Real Estate On Sale Like Never Before | Bay Area Real Estate Investment Clubs
October 19, 2009
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Everyday I speak to a ton of different people and I am always so amazed as to how many people are just so negative about the real estate market. I tell people now is a great time to invest in real estate and even create an income from real estate. I started doing some research to actually show everyone WHY REAL ESTATE and came up with some great information.
First of all Real Estate is definitely on sale. According to the chart below Real Estate has statistically NEVER been cheaper. If you bought 20 homes 20 years ago you’d probably be well off. Well what will you say 20 years from today.
If you would like to learn how you can get started, regardless of if you have a lot of money or no money all you really need is the desire to succeed and be successful.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Weekly Wrap-Up | Bay Area Mortgage Broker 125% LTV Refinance
October 9, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients! Thank you for continuing to read.
NEW PROGRAM!
FreddieMac Opens Access to other Servicers for the Relief Refinance 125% LTV Loan
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
Hot Programs!
- FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
- Fannie Mae Refinance Plus! Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000
Below is a bit of news on the weeks pricing trends and mortgage rates!
- Conventional or FHA 30 Year Fixed No Points 5.125%
- Conventional or FHA 30 Year Fixed One Point 5.00%
- Conventional 5 Year ARM 4.5%
Here we are wrapping up Friday 10/09/2009 rates have seen a recent major spike in mortgage backed securities the past few days. If you had to lock at all this week you were likely worse off than the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA RSVP Here!
Join us with Hermie Bacus and Jeff Thompson learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
CA Short Sale Approvals in 21 Days! | Bay Area Real Estate Investors
September 25, 2009
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Governor Schwarzenegger has recently signed SB 306, which mandates lenders and loan servicing companies to respond in writing to short sale payoff requests within 21 days of receiving it. This law will be effective on January 1, 2010 in California. Wachovia Bank is ahead of the game and has already streamlined their short sale approval process -sometimes providing the short pay statements on the spot!
If the lender’s short-pay statement requires approval of the settlement statement or HUD-1, which is prepared by an escrow officer, the lender must provide the payoff demand statement or rejection letter no later than four days after receiving that closing statement. I can’t wait to find out if the banks are prepared to comply with this portion of the bill provision; If they do not meet that deadline, I don’t know what the penalties are either.
Exceptions: Lenders are not obligated to respond so quickly with a payoff demand statement if the loan is subject to a recorded notice of default (NOD). The short sale package (equivalent to a written demand for the payoff statement) must be received prior to the first publication of the notice of trustee sale or the notice of the first date of sale established by a court.
While the lenders aren’t required to approve short sales (oh we wish!), they ARE required to either reject or approve the sale in writing within that time frame. This is a huge win for everyone involved, the whole real estate market and community will benefit. I can envision fewer properties going into foreclosure, fewer vacant and abandoned properties, and more people able to afford their mortgages. Those that do a short sale of their homes even get to qualify to buy again that much sooner! And of course, they will NEVER have to say YES when asked if they’ve ever had a foreclosure
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Investor Forum Event In Fremont CA | Bay Area Real Estate Investor Meetings
September 22, 2009
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Weekly Wrap-Up 9/11/09
September 12, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
Can you believe it’s been eight years since that horrible day in 2001? I wanted to drop a quick note. My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!
Did you know that first time home buyers in Contra Costa County have the ability to qualify for a Mortgage Credit Certificate. Not many lenders will process these but we will. If you qualify you can save up to 20% on the mortgage interest you pay, every month!
On a monthly interest only payment of $2,500 you can save $500 EVERY SINGLE MONTH for the life of your 30 year fixed loan!! This little known program is linked below and We are successfully closing these for several clients. If you or anyone you know would like to learn more please let us know!
Hot Programs!
- FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
- Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000
Below is a bit of news on the weeks pricing trends and mortgage rates!
- Conventional or FHA 30 Year Fixed No Points 4.875%
- Conventional or FHA 30 Year Fixed One Point 4.625%
- Conventional 5 Year ARM 4.125%
Here we are wrapping up Friday 9/11/2009 rates have bee consistently lower for the past two weeks. We have not seen pricing this good since May. If you had to lock at all this week you were likely pretty close to the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA 9/16/09! RSVP Here!
Join us with Hermie Bacus and Jeff Thompson learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
