UpstateCREIA.com

Cliffs Communities Bankruptcy & Its Effects on Home Sales

Normreid — Tue, 21 Feb 2012 22:43:02 +0000

Real estate recession changes future of Cliffs communities

Gerald Gaige talks Cliffs future: Cliffs at Glassy homeowner Gerald Gaige talks about what attracted him to the area, and his concerns going forward at his home on Thursday, February 16, 2012.

“I’ve been offered many times to design golf courses here in the States and never did because I never felt comfortable with the partnership,” Woods said. “But after meeting Jim, it was an instant ‘Yes.’ Jim is the sole reason why I’m doing this.”

The Cliffs Communities became a huge, world-renowned effort that began as dream for Anthony, a Dacusville native who engineered a remarkable story of business growth.

Today, he’s reticent to discuss publicly the situation he’s in now.

“I don’t look back as much as I look forward,” Anthony said recently.

That remarkable chapter is ending , however, as the company prepares to restructure in bankruptcy court. What emerges will have far-reaching effects for homeowners who bought the lifestyle and continue to live there.

And while Woods attempts to regain his place among golf’s professional elite, the future of the his golf course east of Asheville is uncertain.

The legacy

It began with Anthony’s down-home folksy unpretentiousness, dedication to his communities and belief in good personal health.

His vision, he often said, called for Cliffs owners to have a premier lifestyle in attractive mountain settings, a variety of amenities and a passionate dedication to wellness. Nature trails and state-of-the-art health centers were key parts of his projects.

Cliffs property owners and members also were part of a private residential club with access to a collection of Cliffs’ international properties, including Patagonia, Chile, and two locations in British Columbia.

How to Appeal Property Tax Assessments in SC

Normreid — Thu, 16 Feb 2012 17:02:26 +0000

Great Meeting Monday Night…

“How to Appeal Your Property Taxes…and Get a Lower Rate”

If your property is not worth what is used to be and you think your property taxes should reflect the lower value, than you can appeal your property tax assessment to the county. Appealing is relatively easy…Convincing the county to agree with your reduced assessment can be tough.

Our speaker this month is Carl Hensley, a former County Tax Assessor official with years of experience in tax assessments and re-assesments. Carl is now, the Managing Director of the SC and NC offices of “Property Tax Advisors of America”, a firm made up of former tax assessors who now work in the private sector showing property owners how to effectively get lower assessments, as well as handling appeals on their behalf.

His Presentation Will Include:

STEP 1: Appealing the Assessment Notice
STEP 2: Conferences with the County
STEP 3: The Formal Appeal
STEP 4: The Board Hearing

If you like the idea of lowering your property taxes, but don’t want to go through the hassle yourself, no problem. Carl’s team will handle all the appeals for you.

If anyone knows how to convince the county to reduce your rates, its a former county assessment official!

**Read More About the Service that Property Tax Advisors of America, Can Offer you: Click Here**

Will the Euro-Zone Crisis Cripple U.S. Commercial Real Estate? – Developments – WSJ

Normreid — Wed, 15 Feb 2012 18:42:14 +0000

Will the Euro-Zone Crisis Cripple U.S. Commercial Real Estate?

By Maura Webber Sadovi

: Mark Battrell Photography Inc.; Jacques Gordon, of LaSalle Investment Management

With Europe in economic turmoil, Developments asked Jacques Gordon, global investment strategist, LaSalle Investment Management, what the debt crisis could mean for commercial real estate in the United States. A subsidiary of Jones Lang LaSalle, LaSalle Investment Management manages $43 billion in real-estate investments for pension funds, insurance companies, governments and individuals.

This exchange has been edited for clarity and length.

WSJ: How will the European debt crisis affect U.S. real estate?

Mr. Gordon: We expect going forward the biggest impact will be on office tenancy. It’ll be modest. We expect downsizing of European banks and financial companies on the East Coast in cities like Boston and New York.

WSJ: What about the impact on U.S. credit markets?

Mr. Gordon: As far as the ripple effect in terms of credit contraction happening here the way it’s happening in Europe, we don’t see that. There’s a very severe credit contraction going on in all industries in Europe and real estate industry is getting hit hard. Major lenders in Europe are shutting down their real estate lending desks. Very little lending is going on except for prime properties and prime borrowers. The question being, with that massive credit contraction which is almost at the 2009 level intensity in U.S. terms, would that come over here? We’ve looked at that and we don’t see that.

WSJ: Why not?

Mr. Gordon: European lenders after the financial crisis never came back here in a significant way. European lenders had a large market share in terms of 2002 and 2005 time frame. But in 2010 and 2011 they pretty much folded up shop….Also, our subprime debt was bought by German and French banks. I don’t think the reverse is true. I don’t think American lending institutions have lent to empty office buildings in Greece or condos in Madrid or Italian shopping centers. American lenders if anything got overexcited about lending here to residential but they did not get overexcited about Europe.

WSJ: Do you agree with the notion that the European debt crisis was one of the reasons U.S. real estate investment sales slowed in the second half of the year?

Mr. Gordon: I would put Europe’s problems in the top two reasons. I’d probably say our own downgrade in our government debt and concerns about U.S. debt market were also a factor. My sense is a lot of the nervousness just in the last 45 days is starting to lift again.

WSJ: Does the debt crisis pose a challenge in 2012 for top-tier U.S. markets that have relied on foreign investors for investment sales?

Mr. Gordon: I’d say no. There are other sources for money that are not European, such as Korean money and other sovereign wealth funds outside Europe. Norway is just getting started. I don’t see that the pullback of German money, which was a predominant source of investor capital, will change pricing in our iconic properties because there are other buyers. Also German international funds are still getting modest levels of investments so they do not have pressure to sell.

WSJ: Are any pockets of the U.S. real estate markets benefiting from European distress?

Mr. Gordon: The fall in the euro has helped European exports. French, German and Italian goods are coming in at levels that are almost back up to pre-2008 levels. So European occupiers of office space in U.S. may be shrinking but European providers of goods and occupiers of retail spaces may actually be increasing. It’s too early to tell if there’s going to be a real trend there but our own observation is European goods in shopping centers we run are all doing very well.

WSJ: Do Europe’s problems provide real-estate investment opportunities for U.S. investors?

Mr. Gordon: As the U.S. real estate market continues to recover….more North American investors will start to look to Europe for enhanced returns. It might not be a part of the world that’s growing but it’s a part of the world where mezzanine debt is scarce. Banks are not willing to lend more than 50%. So as loans come due, the borrower has to do something, either pay down the loan or refinance it. I think a lot of American investors are looking at that opportunity. I think it’s a good one. It certainly gives a yield that’s three or four times higher than buying the underlying real estate…The idea that Europe is an economy or civilization in perpetual decline is not correct. In the last thirty years we’ve seen a lot of positive surprises.

The Basics Of Using Hard Money To Buy and Fix Investment Property

Normreid — Tue, 31 Jan 2012 16:13:34 +0000

by Donna Robinson – 31 January 2012

Hard Money is a type of loan that is generally used by real estate investors to purchase and repair a piece of real estate. Lenders are mostly small companies or private individuals with funds to invest. These companies and individuals operate differently from traditional mortgage lenders who write government backed loans such as FHA or VA. Because of this they can determine their own rules for making loans, and they can be as flexible as they wish to be.

Hard money loans are based on the “After Repair Value” or ARV, instead of the current appraised value. Depending on the lender, the property may be residential or commercial, so this loan type can be used with a wide variety of properties.

For example:

Let’s say you’ve located a single family home in a nice area. The home is in need of paint, carpet and some general updating of the kitchen and bath. You’ve checked on the repair costs, and found that the repairs will be about $15,000. You plan to fix up the property and rent it out to a tenant for cash flow.

You’ve done some checking on the recent sales in the immediate area, and have determined that the value of the property after the repairs are completed will be $100,000. This is the After Repair Value. (ARV)

Generally a hard money lender may loan about 50% to 68% of the ARV for a property. This would be roughly $68,000. Let’s also say that you have the property under contract for $51,000. Your total cost for purchase, plus repairs of $15,000, would be $66,000. You could potentially borrow the entire amount needed to buy and fix the property.

The loan costs are somewhat higher than traditional mortgages, and this reflects the added risk of loaning money for properties that may not even be in livable condition. Check with various lenders to compare their costs, but a typical hard money requires about 3 to 5 points, carries a 12 to 15% interest rate. These loans are intended for the specific purpose of buying and fixing, so they are more expensive. The objective is to use them for only a short time, and pay them off as quickly as possible by getting the property refinanced once the repairs are completed and a more traditional, lower cost loan can then be used.

You’ve borrowed $66,000 to buy and fix a house that will appraise for $100,000 after the repairs are completed. Then you refinanced into a 30 year traditional mortgage at an 80% Loan To Value. The “refi” would provide $80,000. You’d have $66,000 to pay off the hard money loan, plus $10,000 for points, interest and closing costs, and you would still put $4,000 of loan proceeds into your pocket. This is called a “cash out refi”. And it’s still possible to do where the LTV is low enough to meet the mortgage guidelines.

Important: Get your permanent refinance loan prequalified before you close on a hard money loan. Getting the hard money loan paid off quickly is essential for total success.

Some hard money lenders will even defer payments on the loan until the property is refinanced. That could mean very little money out of your pocket up front.

Owner-occupant buyers may also use hard money to purchase and fix a property they wish to live in. This strategy is not limited to investor buyers. But most owner occupants are not as aware of this financing strategy, since it is promoted primarily to the investor community.

When the housing market crashed, many lenders stopped lending or went out of business. Now that prices are a lot lower, and there are millions of foreclosed properties in need of repairs, hard money lending is beginning to make a comeback.

Be sure to check your loan costs carefully when shopping for a hard money lender. Know your total cost before you buy a property. Be sure your loan amount will cover your needs, and stay within your budget. Keep your repairs managable and in line with your abilities. Don’t get into a project that is too big for you to handle.

The most common mistake investors make with hard money loans is getting behind on their repairs, and/or going over budget on repairs. If this happens you’ll end up owing more in interest and late fees.

Professional hard money lenders advertise and are pretty easy to find online by searching for “hard money lender in ___________ city”. It’s best to get some references from local investors or investment clubs. There are loan scams out there, so be sure to check your loan contract carefully or have your attorney review it before you sign. Family or friends may also be interested in acting as a private lender for you, for the chance to earn a high rate of interest.

The key to making hard money loans workable is to buy the property for the lowest price possible and do a cost effective job on the repairs. The final appraised value will reflect this and you’ll have a very profitable outcome, whether you are an investor or an owner occupant who wants a great deal on a home to live in.
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Donna Robinson is a staff writer for Realty Biz News, and has over 16 years experience in the real estate industry. An active investor and former agent, she develops and teaches real estate investing courses as well as doing private coaching for real estate investors and investment companies. To request a free PDF copy of Donna’s latest book, you may email her at donnaconsults@reihelp.com

IRS: Gift-Tax Crackdown: Real Estate Records

Normreid — Thu, 26 Jan 2012 15:54:08 +0000

IRS NOW COMBING PROPERTY TITLE RECORDS
Compliance Initiative Gets Wings from Federal Court

The IRS is moving on a compliance initiative pointed at the federal gift tax laws. The compliance initiative involves determining the identities of people who may have avoided gift tax return filing and payment obligations incurred in connection with real estate title transfers. To discover this, the IRS will now begin combing through California property title records.

In May 2011, the IRS applied to the federal court in California for permission to issue a so-called “John Doe” summons to the California State Board of Equalization (BOE). This is the agency that handles real estate taxation in the State of California.

What is a “John Doe” Summons?

The summons power of the IRS derives from code section 7609. That provision gives the IRS very broad authority to summons “any person” in connection with an inquiry into a real or potential tax liability. The summons authority allows the IRS to require the summonsed person to “produce such books, papers, records, or other data, and to give such testimony” as may be relevant to the IRS’s inquiry.

The summons authority is so broad that the IRS need not know the identity of the person whose liability is under investigation. The IRS uses the summons process against an organization to discover the names of people who might fit a particular class of taxpayer. Hence, the phrase “John Doe” summons. This is exactly the procedure the IRS used to choke information out of UBS. The class of taxpayer sought there was a U.S. citizen holding a foreign bank account.

The summons sought to be served on the California BOE would require the agency to provide the following: “the identities of California residents, between the years 2005 and 2010, who were involved in real property transfers from parents to their children or grandparents to their grandchildren for little or no consideration.”

Potential Gift Tax Liability

The fact that there was a real property conveyance between such relatives, and that little or no consideration was paid in connection with the conveyance, might imply a gift of such property to the transferee. The problem is that if there was a gift of such property, there might also be a gift tax liability. At the very least, the law generally requires the filing of a gift tax return, Form 706, to report the gift, if the value of the gift exceeds the annual gift tax exclusion. For tax years 2011 and 2012, the annual exclusion is $13,000. The exclusion was less in the earlier years.

The IRS claims that as many as 60 to 90 percent of the people who make reportable gifts (those the value of which exceeds the annual exclusion) fail to file a gift tax return. As a result of such failures, the IRS claims a need to use its “John Doe” summons power to discover who such individuals might be.

On December 15, 2011, a California federal court agreed. The United States District Court for the Eastern District of California entered an order authorizing the IRS to issue a John Doe summons on the California BOE. See In Re John Does, E.D. Cal., No. 2:10-mc-00130-MCE-EFB (December 15, 2011). The IRS will soon get access to all the requested records, and from there, can be expected to build gift tax audits based upon what they find.

This is Just the Beginning

You can be sure that the California BOE will not be the end of the “gift tax inquiry.” The John Doe summons that was issued to UBS started an avalanche of subsequent summonses on other Swiss banks, which in turn led to summonses on other European banks, which then led to summonses on banks in the far east.

I have no reason to believe that the fallout from this California summons will be any different. As the IRS gathers “fruitful” audit targets from its first volley, it will attack with more summons to other states taxing authorities across the nation. The ultimate goal is to squeeze every dime from every person everywhere possible.

What You Should Do Now

If you made a gift (other than a charitable contribution) in excess of the annual exclusion, you should seek counsel as to the tax implications of that gift. Most people know that the recipient of a gift is not subject to income tax on the gift, but most people don’t realize that the donor may be liable for a gift tax based upon the fair market value of the gift at the time of the transfer. You need to evaluate your exposure to the gift tax and develop a plan to deal with that exposure.

To get help, you can contact the Tax Freedom Institute consulting member nearest you, by going here:

www.taxhelponline.com/tax-help-now/ask-the-expert/tax-freedom-institute.html

Don’t wait until the IRS is knocking on your door to get help.

ABOUT the AUTHOR: Dan Pilla’s monthly newsletter, Pilla Talks Taxes, features news stories and developments in federal taxes that effect your pocket book. Each information packed issue shows you how to use little known strategies to cut your taxes, protect yourself from the IRS, exercise important taxpayers’ rights and keeps you up to date on the latest trends in Washington on the important subjects of taxes and your rights. You can’t afford to miss a single issue! TaxHelpOnline.com

FHA AntiFlipping Regs

Normreid — Tue, 24 Jan 2012 16:27:31 +0000

FHA Extends Waiver of Anti-Flipping Regulations Through End of 2012

By Dennis Norman,on December 27th,2011

FHA “anti-flipping”regulations prohibit lenders making an FHA loan on a home that the seller has owned for less than 90 days. However,in 2010 this regulation was waived temporarily through January 31,2011 by FHA in an effort to help the housing market conditions. Subsequently,that waiver was extended through the end of 2011. Now,FHA has extended this waiver through the end of 2012.

This extension will allow buyers to use FHA-insured financing to purchase HUD-owned properties,bank-owned properties,or properties resold through private sales. The Waiver contains guidelines which must be met,including:

All transactions must be arms-length,with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost,the Waiver will only apply if the lender meets specific conditions and documents the justification for the increase in value.

Mortgage Rates in 2012

Normreid — Tue, 24 Jan 2012 16:25:13 +0000

Mortgage Rate Update;Trends that will affect the housing market in 2012

By Robert Fishel,on January 4th,2012

The National Association of Realtors’ research staff recently released its comprehensive annual report:Profile of Home Buyers and Sellers for 2011.

Market researcher,Paul C. Bishop,Ph. D., Vice President and Jessica Lautz, Manager of Consumer Survey Research state that they’ve identified “trends that have not been seen in the last 10 years,”which will affect the housing market as we enter 2012.

“Buyers now are facing tighter credit standards”and the successful home buyer will typically have “the very best credit”or buyers quite often will purchase “without financing,”states the authors. “This change is one that is so substantial,it is changing who purchases homes,who sells homes,and how the home is financed.”

Getting potential buyers pre-qualified with a mortgage banker early in the home buying process may be the critical first step to ensure a successful sale in 2012. Thirty nine percent of buyers “reported the mortgage application and approval process”was “more difficult than expected,”which underscores the need to obtain competent financial expertise to help buyers navigate through the entire mortgage process.

Other interesting statistics include:

Younger buyers and first-time buyers are leaving the market. “37% of home buyers were first-time buyers,a drop from 50% in 2010.”Your typical buyer is now “45 years old,a jump from 39 years old in 2010.”
To attract buyers,“41% of sellers offered incentives”such as home warranty policies or financial assistance with closing costs. The typical home sold at “95% of the listing price and 61% reported they reduced the asking price at least once.”
Single women are also leaving the home buying market dropping to “the lowest market share since 2004?at 18%,while married couples purchasing homes have increased to 64%,“the highest share since 2001.”
Referrals from families or friends account for just 41% of an agent’s customer base. Once a buyer selects you as their agent,you’ll have a loyal client because “nearly nine in ten buyers would use their agent again or recommend to others.”
The report says the “financial aspects of homeownership are important,but they do not stand alone as the primary motivators for the purchase of a home.”The “top three factors”that influence their home purchase are “quality of the neighborhood,convenience to job,and overall affordability.”

MORTGAGE INTEREST RATES for January 4,2012:

Conventional 30-Year Fixed 4.00%/ 4.190% APR
Conventional 15-Year Fixed 3.375%/ 3.565% APR
Conventional 5/1 ARM 2.500%/ 3.159% APR
FHA/VA 30 Year Fixed 3.875%/ 4.085% APR
Jumbo 5/1 ARM 2.750%/ 3.011% APR
Jumbo 15 yr Fixed 3.625%/ 3.875% APR
Jumbo 30 yr Fixed 4.875%/ 5.125% APR

First-time home buyers comprised an unprecedented 47 percent of the market last year according to a recently published report by the National Association of Realtors (NAR).

NAR’s report,2009 Profile of Home Buyers and Sellers,points to the federal tax credit and the historic affordability of housing as the most likely reasons first-time buyers scored so high in sales.

According to NAR,housing economists predict that “2010 will be an even bigger year for first-timers.”Who are these people,and what do they want?

Most are married–Forty-nine percent are a married couple. Single females comprise a quarter of first-time buyers. Single males account for just 12 percent.

They’re young–More than half (53 percent),are between the ages of 24 and 34. Twelve percent are younger than 24.

They’re diverse–Twenty-two percent are part of a minority group,compared with 13 percent of repeat buyers. Six percent speak a language other than English. Twelve percent were not born in the United States.

They like the suburbs–Even though 22 percent purchase in an urban area,the suburbs continue to be the most popular locale,with 52 percent buying there. The third most popular spot is a small town.

They make their own time–First-time buyers take an average of 12 weeks to find their home,compared with 10 weeks for repeat buyers.

They’re not afraid of foreclosures–Eleven percent of first-timers bought a home in foreclosure and 56 percent considered it. Only 9 percent of repeat buyers bought a foreclosure,and just 41 percent considered it.

They’re most likely to use a referral–Fifty-three percent found their agent through a referral,compared with 36 percent of repeat buyers,many of whom sought the services of their previous agent.

More than 9,000 consumers who recently completed a home buying transaction were surveyed by the National Association of Realtors last year to compile the 2009 Profile of Home Buyers and Sellers report.

St. Louis Mortgage Interest Rates –April 14,2010*

30-year fixed-rate mortgage 5.125% no points
15-year fixed-rate mortgage 4.375% no points
5/1 adjustable rate mortgage 3.750% no points
FHA/VA 30-year fixed rate mortgage 5.25%
Jumbo 5/1 ARM 4.25% no points
Jumbo 15 year fixed rate mortgage 4.875%

For more information or if you have questions on mortgage rates in St. Louisyou may contact me by phone at my direct line,(314) 372-4319,email at rfishel@paramountmortgage.comor you can visit our company website at http://www.paramountmortgage.com.

_{*Note- The above rates are based upon a typical sale price of $187,500 with a 20% percent down payment leaving a loan amount of $150,000 to a borrower with a 720 credit score for a loan with no discount points charged. Rates and terms will vary depending upon loan amount,home value,credit and income of borrower.}

_{This information is provided by this author and this site for informative purposes only and is not warranted or guarteed in any way.}

*The above mortgage rates are based upon an 80% LTV,o/o single family with FICO scores of 720.

Home Sale Prices Increase

Normreid — Tue, 24 Jan 2012 16:19:18 +0000

Home sales and prices increase in December;Inventory down to near-normal level

By Dennis Norman,on January 20th,2012

Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units which is an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago. The actual number of homes sold in December was 350,000 which is 4.5 percent more than the month before and 1.4 percent more than December 2010 when there were 345,000 homes sold.

Home prices increase for first time in 6 months….

The median home price in the U.S. in December was $164,500,an increase of 2.3 percent from the month before and a decrease of 2.5 percent from a year ago when the median price was $168,800.

Supply and Inventory of Homes for sale drop….

The number of existing homes on the market decreased in December by 9.2 percent from the previous month to 2.38 million homes,and is down 21.2 percent from a year ago when there were 3.020 million homes for sale. The months supply of homes on the market decreased by 13.9 percent to 6.2 months from 7.2 months the month before and is down 23.5 percent from a year ago when the supply was 8.1 months.

The following are the ACTUAL Existing Home sales for Decmeber,2011 reported by NAR without any adjustment or fluff:

There were 350,000 existing homes sold during the month which is an increase of 4.5 percent from the month before and a 1.4 percent increase from a year ago.
Below are highlights from each region for the month;
- Northeast –44,000 homes sold,an increase of 10.0 percent from the prior month a increase of 2.3 percent from the year before.
- Midwest - 76,000 homes sold,an increase of 11.8 percent from the prior month and an increase of 7.0 percent from the year before.
- South - 137,000 homes sold,an increase of 3.8 percent from the prior month and an increase of 0.7 percent from the year before.
- West –93,000 homes sold,a decrease of 2.1 percent from the prior month and a decrease of 2.1 percent from the year before.

Other highlights of the NAR Report for December 2011:

Distressed sales (short sales and foreclosures) accounted for 32 percent of all home sales for the month (19 percent were foreclosures and 13 percent short sales),up from 29 percent the month before.
First-Time homebuyers accounted for 31 percent of the home sales for the month,down from 35 percent the month before.
Investors were the buyers of 21 percent of the homes for the month,up from 19 percent the month before.
Repeat home buyers were responsible for approximately 48 percent of the month’s sales,up from 46 percent the month before.
Cash buyers were 31 percent of all sales for the month,up from 28 percent the month before.

Robyn Thompson to Speak at January 16 Meeting

Normreid — Mon, 02 Jan 2012 19:12:30 +0000

Foreclosure Investing in 2012: “How to Turn UGLY Houses into Fast Cash”

Upstate Carolina Real Estate Investors Association welcomes National Investor & Trainer, Robyn Thompson to Kick off 2012!

Attend our January Meeting to hear Robyn speak and while you’re there, mingle with hundreds of other investors around the Upstate beginning at 6:30 pm, January 16, 2012.

Topic:

1. How she buys properties in this economy

2. Where she finds the good deals

3. How she gets them rehabbed without doing any of the work

4. And…How she’s selling these houses fast for terrific profits

About Robyn Thompson:

Robyn is the nation’s leading expert on buying properties at deep discounts, renovating them at lightning speed and selling them quickly for huge chunks of cash. She has shared her knowledge with thousands of real estate investors, and actively does 2-4 deals every month herself.

If you’re serious about real estate investing and want to kick off the new year with good solid content from a real pro, come join Upstate CREIA for our January 16 general meeting and hear National Trainer Robyn Thompson!

Please Fill in the Box Below & We’ll Send You the 2 Free Tickets…Thank you

National TeleSeminar Series Features Local Investor [Clemson]

debcall — Tue, 15 Nov 2011 21:52:49 +0000

[UPDATE] Online Audio Replay available free below.

Long time National TeleSeminar host Norm Reid,
founder of one of the longest running Real Estate
Investor tele-seminar series in the Nation is
featuring a local Upstate Real Estate Investor
from Clemson on his National Interview Series.

Chad Carson, a 30 year old, former line backer
for the Clemson Tigers, turned Real Estate
Investor will be the featured guest.

You can listen in to the interview replay
Online now at:
http://www.UCREIAcalls.com

The Agenda for the 90 minute interview will
include:

===>A detailed look at Chad’s Business Model.
(One that allows him to take months off at a time,
while his investing income still remains steady)

===>How he structures his business strategy to
allow extensive periods of time away from his
business to travel the world and spend time with
his family.

===>Why he avoids local banks (any banks) and
uses other local non-real estate investors to fund
the purchase price of his properties.

===>How this 30 yr. old, convinces doctors,
lawyers and wealthy retirees to give him hundreds
of thousands of dollars to buy, fix, flip and hold
real estate.

===>How his ‘unconventional’ solutions to the
Real Estate crises have helped hundreds of local
homeowners get rid of properties they could no
longer afford while at the same time provide
housing for others…All while making a nice sum
of profit for him and his family.

Replay Available Online Now at:

http://www.UCREIAcalls.com