Are You an “Old School” Real Estate Investor, Yet?


This morning, I heard the reporters say the government is now considering increasing the minimum down payment to a whopping twenty percent (for real estate purchases). This is for the average home buyer, not just for people wanting to purchase investment properties.
It does not take a rocket scientist to surmise that if this notion passes, it will most likely have a large negative effect on the number of home buyers that can come up with the large down payment and qualify for the increasingly stringent lending criteria.
Is twenty percent down good or bad for the modern real estate investor?
When I first started investing, our massive real estate bubble had not happened yet, and foreclosures were not everywhere. At that time, the typical real estate investor was doing deals that were coined alternative real estate financing. In a nutshell, alternative real estate financing means the real estate investor comes up with ways to either keep the financing intact or to work with the seller (or other private money source) to derive new financing, in order to do the deal. Traditional bank involvement was not necessary.
I'll call this approach the "old school" style of investing. It really centered around the investor's skills to negotiate with the seller (and perhaps new buyer) and to be able to see a profitable transaction where others could not.
In a surprising way, the skills involved to do these deals are probably more advanced than, say the skills to wholesale a bank owned property.
For the savvy investor, it seems that if the government wants to make the lending criteria even more rigid (than today) this will most likely open up more deals for real estate investors. And here's why:
One, the desire to own a home does not diminish even though lending criteria gets more stringent.
Two, there are plenty of potential homebuyers, who have been crushed by unemployment and would want to purchase a property after their financial picture improves.
Three, there are plenty of potential home buyers who are self-employed that find even the current lending criteria almost impossible to get loans.
Four, there are also plenty of homebuyers that have lost their property to foreclosure that would be looking to purchase another property. And with their damaged credit, they would be almost certainly denied typical mortgage loans.
So for the savvy real estate investor, I say let's consider adding the old school style of investing to our current techniques. Life can be a lot easier if you only have to work with sellers and buyers. Note however, that the savvy investor must know how to calculate appropriate offers with these old-school techniques. Major pitfalls can happen if all the transactional details are not appropriately accounted for.
After years of doing these equations by hand, my partner and I have developed a software program that gives us an unfair advantage when computing offers and making deals. We can actually iterate all of the variables, including interest rate, loan terms, rental repair cost, vacancy factors, monthly rent, desired cash flow, and first year pretax cash-on-cash return, while we are on a call with the seller (and so can you).

Phil Grove – Assignment Of Mortgage, A Student’s Perspective


Phil Grove and his Assignment of Mortgage Payments System or AMPS has been all the rage in the investing community promising to deliver a relatively low-cost, easy to implement investor strategy that provides a solution to the problem of all the "sellers" who are stuck in their homes with no equity and can't get out.
Since many people nationally are now interested in this system, they are definitely scouring the web, and calling anyone they can trying to find an honest to goodness perspective from a Phil Grove, Assignment of Mortgage Program, student.
I happen to be one of these students and from my personal experience, let me say that there are few things that I can say about Phil Grove as an AMPS teacher that would be of interest to anyone looking to get to the land of profitable deals.
I've seen a lot of courses and read loads of real estate investing books but none of them are even close to as thorough as Phil Grove in his Assignment of Mortgage training. Phil has a knack for explaining ideas in a way that is understandable, while also highlighting what is truly essential so you can get to deals as quickly as possible.
Also, in rating Phil Grove as an Assignment of Mortgage teacher, I have to say you have no doubt that this is a guy who got this knowledge "in the street," finding deals the old-fashioned way. He is totally not afraid to get dirty and I have seen him go on site multiple times to evaluate potential deals.
The longer I listened to the "other gurus", I got the impression that most of these so-called "experts" really hadn't done that much investing themselves, and made most their money selling coaching.
I can tell you, when you talk with Phil, it seems like he has an answer to everything. I have grilled him at times with questions and he always has the answers. It is not surprising Phil Grove's Assignment of Mortgage Program is a creative solution to the huge losses of this economy that, with the AMPS system, turns it into a huge opportunity.
Thus, from a student's perspective, I have found Phil to be very through, and knowledgeable about getting deals. Phil Grove and his Assignment of Mortgage training has certainly been useful to myself and my team in finding owner finance deals in this economy.

What Is the Difference Between an Essay, a Dissertation and a Thesis?


These three assignment types; essays, dissertations and theses are all important to students because at some point in the life of a student, there will be the request to complete at least one of the assignment types listed above!
Essays, dissertations and theses are all types of academic documents, produced by scholars and students and based on a specific question, subject matter or dilemma. They are used by colleges, schools, sixth forms and Universities as a means of determining how well a student is performing in a certain subject area and how well they have grasped crucial knowledge about a particular subject. And yet essays, dissertations and theses' are also often used to see how well a student is able to respond to specific questions on a particular subject matter and how well developed their skills are in terms of actually writing essays.
So what exactly is an essay? What is a dissertation? And what is a thesis?
The online dictionary defines an essay as; '(a) a short literary composition on a literary subject, usually presenting the personal view of the author, (b) something resembling such a composition.'
The online dictionary goes on to define a dissertation as; 'a treatise advancing a new point of view resulting from research, usually a requirement for an advanced academic degree.'
And finally a thesis shares the same definition as a dissertation on the online dictionary website, with one crucial difference; a thesis is usually longer than a dissertation.
So ultimately an essay, a dissertation and a thesis all share many traits:

  • They are all literary compositions; that is to say that they are written documents or pieces of text.
  • They all reflect in some way the author's point of view.
  • They are all based on some form of research.
  • They are all discussing some form of topic or subject matter.
  • They can all be used as a means of academic testing.
    However, there are differences between these three academic assignment types, and when you are completing either an essay, a dissertation or a thesis it is important to know what it is that defines the document as either one of these forms or assignment types so that you can ensure that you approach the completion of the document correctly.
    Some of the main differences separating out these three document types are:
  • Essays are generally shorter than dissertations and theses.
  • Essays are usually used to explore an argument or to provide more information on a particular subject. Thus you'll find that most essay questions start with 'who, what, where, how or why'. They are looking for a conclusion to be drawn by the author, following an assessment of research that is already available.
  • Dissertations are usually looking for the author to find new evidence to draw a conclusion about a specific subject matter, as the definition states, to 'advance a new point of view'. This means that dissertations are looking to add to the research pool on a specific subject, not simply discuss research that is already available.
  • Theses usually hold the same aims and goals as dissertations, but the level of exploration and investigation into a particular subject matter is greater, and so the length of a thesis is generally longer than that of a dissertation.

Mortgage Assignment – Three Keys For Profit Success


The Mortgage Assignment is the all new, no risk strategy invented by the Guru of Guru's Investor Phill Grove. It promotes a no risk; no money down investment strategy that essentially allows the seller of home to sell his house while the existing bank loan stays in place, enabling a buyer to buy a home without getting their own financing.
To take advantage of this system there are three key things that the real estate investor must master.
M.A. Key 1
Finding the deal:
In today's market, there are millions of home that have little, to no, or even negative equity. For various reasons, the owners of these homes want or need to sell. Traditionally, Realtor/closing costs have been paid out of the equity in the home, but if you don't' have any equity then it has to come out of pocket.
This means a $5,000 to $30,000 bill.
OUCH!
Most sellers can't afford that.
Mortgage Assignment style marketing basically targets this particular type of motivated seller. You must master this to get the deal
M.A. Key 2
Finding a buyer:
Since the banks have become very strict on lending for homes. The number of buyers looking Mortgage Assignment style financing has exploded.
That means that Mortgage Assignment type homes have become magnetic. I myself have generated 15 to 30 calls a day on these homes (using proper marketing).
You must master this if you going to find a buyer for the home and make the big bucks off the down payment
M.A. Key 3
Doing the contract:
Doing the contract is essential to making a no risk deal that protects you, the seller and buyer. The Mortgage Assignment Profits System does this and you will have get this handled to start making risk free money.
At the same, if you don't' get this handled, you, the buyers and seller are all at risk. So you must be careful, the investor in this situation has an obligation to protect everyone in a win/win scenario so everybody comes out on top.
As you see, there is a lot of opportunity out there with a mortgage assignment profits system in place. Get the three keys above handled and you will be rocking and rolling the real estate investing world.

How To Buy An Assignment Condo


In the past few years, some cities around the world have experienced booming condo construction markets. These condos are purchased by investors from around the world in addition to some local end users. For investors who bought a new condo from a Developer several years earlier and whose current plans have changed, this is an opportunity to sell before they have to incur closing costs and Developer levies. For buyers who want a brand new condo without having to wait years for construction to finish, or who cannot find what they want in the resale market, Assignments offer a greater selection AND potential savings.
An "Assignment" means you are taking over the contract that the original purchaser holds with a Developer. This works really well if you have a large cash down payment available, although sometimes a smaller amount can be negotiated. Generally what happens is you pay an amount equivalent to the purchaser's deposits to the Developer PLUS the purchaser's profit (the difference between the original purchase price from many years ago and today's selling price). You then are able to move into the condo when it reaches the occupancy stage. When the building registers, you then take out a mortgage and pay the balance owing on the condo to the Developer.
It sounds complicated and it is. However, as long as you hire a real estate agent and a lawyer who are competent and experienced in handling Assignment sales, the process is very straightforward. The advantage to you is that the Assignment market tends to be a Buyer's Market -- there are often many listings in these markets and few buyers -- which means that you can often get a great deal on a brand new condo with little or no competition from other buyers.
That said, locating Assignment sales can be difficult. Generally, Developers do not allow Assignments to be advertised on the Multiple Listing Service systems so these listings are offered by brokerages as Exclusive listings. Some real estate brokerages hold a large number of Exclusive Assignment listings in-house. In addition, these brokerages network on a regular basis with other agents in their market who have Assignment listings, which makes it easier to find listings that meet a buyer's criteria.
Once an agent locates potential properties for you, if they are experienced in this area, they can help you understand the specific details offered by each Assignment such as purchase costs, closing costs, understanding floor plans, upgrades, and many other details. In some cases, the building may have reached occupancy and you can actually view the condo already built. In other cases, you will be buying from Developer plans just like buying a pre-construction condo.
When you are ready to make an offer on an Assignment, you'll need a carefully structured Assignment contract. You then need to work closely with your Buyer's Agent, your lawyer, the Developer's office, and the listing agent to make sure your best interests are protected throughout the transaction.
The most important thing is to hire a Buyer's Agent, but be sure to ask them whether they have done an Assignment in the past and HOW MANY assignments have they done. Many agents have never done even one and you just might be their guinea pig!

Smartphone Apps for Students


When smartphones first came out, many schools banned them because students used them during class to play games or even cheat. However, as time has progressed, so have the apps for smartphones. Sure, there are still plenty of games that are out there, but there are now more apps that can help students on a day to day basis. Students now have the option to download apps that fit their study needs and help promote productive students and study times.
myHomework is a free app that can be very helpful for someone who has trouble remembering when assignments are due and what they are. The free app lets you track your classes and class schedule as well as organize homework assignments for all of your classes. You can also input when you have a test or an assignment due. It gives you an easy way to view of your assignments; a calendar view has your assignments organized by date, and when you click on a date it gives you a list of your assignments due. The only downside to this app may be that you have to register the app on their website so that you can sync your computer to your smartphone.
Another app is called Evernote. This app has won many awards and is highly recommended for just about anyone, not just students. It is very user friendly and allows you to record video, take photos, and take notes so you can remember everything possible. The app also can sync up to your computer or other device so no matter where you are you have your notes. It has other features like note sharing and collaboration of projects with friends, classmates or coworkers. You can even save your favorite webpages with links and everything on that page, plan your next trip with itineraries, maps, and official travel documents, or take pictures or notes of items you like online or in person so you can always remember it.
If you need help studying and your normal study tool is a set of flash cards, this next app is for you. gWhiz, LLC has an app available in iTunes called gFlash+ Flashcards & Tests. The app is great for any type of student, whether in high school or graduate school. gFlash+ is a free app that allows you to create and edit you own flash cards, and you can even add different aids to your cards like video or audio clips. You can even integrate your Google Docs with this app so you can create spreadsheets then upload them into your app. When you use your app for studying you can shuffle or scramble your cards, create different card groups, or combine or mix you decks of cards.
If you have an iPhone, Blackberry, or an Android phone, be sure to use it to your advantage. Don't abuse the chance to use your smartphone apps for class by playing games or texting friends during class. Some instructors will allow you to use your smartphone during class if it will help you academically. Of course, if you take your classes online they can't tell if you are using your phone, but you might as well use helpful apps so you aren't distracted during class, even online.

What is the Bible?


This is the Book Christians trust to direct them in their faith in God. This is a fundamental part of a Christians life for it teaches you how to grow in your salvation. Many trust it for it is the voice of God directly in you. This is the Living Word of God. It is incorruptible and will never change. It has power today, did 2000 years ago and will still have it 5000 years to come. Without this book, the Christian faith is baseless and meaningless.
God uses the Bible to speak to us. He does not have to speak to you directly but can chose to direct you to a chapter or a verse in this Holy book. He has done this for me innumerable times and so has he for millions of Christians all over the world. All you need to do is trust that word and obey it. This book is very much alive for it is the word of God.
God intended for Christians to use the power given to them in the Bible to fight trials and temptations. Whatever you are going through, find a relevant scripture in this mighty book and denounce your situation. If God could do it for the people featured in this book, he can also do it for you. Find encouragement, strength and comfort in this book too. Whatever you do not understand, ask God to give you wisdom and knowledge. Ask that he may reveal the truth in his word as you read through this powerful book.

Introducing H2 Chemistry Tuition Students To Chemists

In order for H2 chemistry tuition students to fully embrace and understand the subject, they require a clear comprehension of its subject value. This starts with understanding the role of the chemist, the different fields they work in and the type of work they do.

Introducing Chemists

Chemists are the people who transform the day-to-day materials around us into remarkable items. Some chemists tackle cures for cancer while others check the ozone shielding us from the sun; others find new products to make our homes pleasant in the winter season, or new textiles to be utilized in the latest fashions. The knowledge got via the study of chemistry opens up lots of occupation pathways.

Major Branches of Chemistry

The main major divisions of chemistry are natural chemistry, inorganic chemistry, analytical chemistry, physical chemistry and biochemistry.

  • Inorganic Chemistry is the research study of compounds that do not have carbon.
  • Organic Chemistry is the research study of substances that contain carbon.
  • Physical Chemistry is the research of heat, electrical energy, and various other types of power in chemical activities.
  • Analytical Chemistry is the research of the chemistry of matter and the development of tools made use of to measure properties of matter.
  • Biochemistry is the research of chemical procedures that take place inside of living organisms.

Chemistry Is Not Just About Theories

Besides the lecture component that requires memorization of the essentials, math abilities, and recognizing ideas, chemistry calls for application and rational skills. You additionally have a laboratory portion to undergo. Chemistry is really a time-consuming course. You might need to bring those experiments in the house if you need to.

Chemistry is a subject that you can enjoy as a result of the new thing that you will certainly be experiencing. Your pre-conceived ideas that this science topic is difficult because of what various other students state may affect your assumption. Remember that chemistry is a subject that can be learned. That's why they educate it in school.

Chemistry occupations in chemical design

Chemical designers function throughout a variety of markets, consisting of oil and gas, energy, water treatment, plastics, toiletries, drugs and food and beverage. Processes vary within each of these areas, but chemistry and chemical design roles are found all over, and are immediately associated with the composition, development, production and manufacturing process of chemical items and components. Scientists are common within chemical engineering and are often charged with creating and creating brand-new chemical methods, regularly combining various other innovative and arising scientific fields such as nanotechnology or biomedical engineering.

Chemical designers make sure the effectiveness and security of chemical procedures, adjust the chemical cosmetics of products to fulfill ecological or economic needs, scale up chemical processes for making purposes, and apply new innovations to improve existing processes. It deserves keeping in mind that though those who examine chemistry at college level are excellent candidates, a lot more engineering-related and specialized functions will be reserved for design grads and postgraduates.

Mortgage Assignment – No Money Down Investing – Honest!


Let's face it, there is a lot of "hype" in the Real Estate Investing World and no shortage of big promises like that of the Mortgage Assignment. In fact, I can't tell how many real estate investors I see that get sabotaged before they even get started, trying to avoid all the high priced "noise" that's out there especially when it comes to the term "no money down investing."
So when I put up a headline like "No Money Down Real Estate Investing" I fully expect, and even encourage you take it with a grain of salt.
After all, I don't want you to end up with a heck of a lot of money on your credit cards like I did getting educated about no money down investing strategies.
That stated, I can tell you with a completely straight face that there is a legitimate No Money Down Real Estate Investing Strategy out there that works. Honest!
This is called the Mortgage Assignment or Mortgage Assignment Profits System (Maps) pioneered by Real Estate Investing Guru Phill Grove from Texas.
The mortgage assignment concept is a simple solution to two huge problems
No Money Down Investing Problem 1
The decline of the housing markets has caused a situation where millions of homeowners find their homes within 5% one way or another of their existing loans.
Due to loss of jobs, reductions in pay, or job relocation, a ton of these owners need or want to move.
The trouble, their homes have no equity and are not able to absorb the roughly 8 % commissions/closing costs typical when selling a home. These fees which would equal $16,000 on a $200,000 house would have to come out of the sellers pocket. They can't afford it.
No Money Down Investing Problem 2
The lending squeeze by banks has created a situation where millions of would be home buyers, who used to qualify for loans, no longer get bank funding.
Regardless of what the bank says, the desire to live the "American Dream" and own your own home has not vanished and neither has the hope for real estate investors to find a way to do legitimate no money down investing.A
No Money Down Investing Solution
Pretty simple:
What if you could take the sellers who can't sell their homes, and pair their houses and current loans with the buyers who can't buy a home?
That would solve both problem, and since you as the investor just arranged the transaction, you have spent none of your own money; a true no money down investing deal.
This no cash down investing technique is what Phill Grove has done with Mortgage Assignment Profits System.
He has devised a legal, and ethical no money down investing way for the investor to pair the seller and buyer together, while receive the down payment as a fee which 5% to 20% minus closing costs.
Not a bad day's work!
In a nutshell, this is how the mortgage assignment; a honest to goodness no money down strategy works…

Assignment Orders


I am not a lawyer, I am a Judgment and Collections Broker. This article is my opinion, based on my experience in California, and laws vary in each state. If you ever need legal advice or a strategy to use, please contact a lawyer.
What if your judgment debtor does not have a regular wage job, and gets paid by customers, relatives, renters or tenants, or most anyone else?
An assignment order might be the right (although paperwork intensive) way to try to satisfy your judgment. This article covers Assignment Orders (AOs) in California. It is very important to know your state laws, and if and how assignment orders are allowed.
Assignment orders are (noticed motion) court orders that require a new hearing, and must be served on the other parties. AOs may be able to capture most kinds of (current and future) non-wage income streams.
Because AOs are lawful alternatives to conventional levies, you do not (in California) need to get a writ of execution. Unlike regular levies, the money often gets turned over directly to you.
In some places, the court may require the sheriff to be the levying officer. If that is the case, you will need to have a registered process server open a sheriff levy file, and then have the AO served on the parties, and then file the proofs of service with the sheriff.
Assignment orders can capture most distributions, commissions, and almost any kind of K-1 income. If approved by a court, an AO instructs someone that owes money to your judgment debtor, to pay you instead of the judgment debtor.
Assignment orders are most useful when a debtor receives (non-exempt and non-retirement-based) income. Assignment orders may work, even when the debtor claims they are poor, because income is income. (Most truly poor debtors do not have income streams.)
Assignment orders can last as long as it takes to satisfy the judgment. Like most court orders and judgments, nothing is guaranteed. The judgment debtor could file for bankruptcy protection. Other things may happen to thwart any enforcement action or strategy.
In theory, assignment orders for non-exempt income, can ask for all of the income, not just 25% of the income, as most wage levies (garnishments) can reach.
If the judgment is small, or the debtor is rich, ask for 50-100%. If the judge does not think your proposed order is reasonable, compromise and aim for 25%. (Because CCP 708.510-f seems to be very similar to CCP 706.050.)
If the debtor is not rich, it may be smarter to ask for a percentage, instead of all of their income stream. In judgment enforcement, being too aggressive could increase the chance that the judgment debtor will file for bankruptcy protection.
Usually, judges do not rubber-stamp approvals on assignment orders for creditors. When the creditor clearly shows a synopsis of why an assignment order is appropriate, then a judge may approve their proposed order.
You could document why you have no other reasonable way to enforce the judgment. You could also document any prior court-endorsed expenses and attempts that did not satisfy the judgment.
Assignment orders can also be used to reach income originating from other judgments, when your debtor is the creditor. An AO can order the debtor of your debtor to pay you instead of them (or the sheriff). Again, consider asking for a percentage.
The first step for any AO is learning who is paying your judgment debtor. A debtor exam, could subpoena enough judgment debtor documentation and information, to learn who to serve assignment orders to. Some debtors will pay, when their clients call them, and ask what is going on?
Assignment orders can be general, and not list specific names. They can say "25% of all monies due to the judgment debtor from clients he performs accounting services for". Then, you can serve the assignment order on whoever pays the debtor, including any of their new clients you later discover, after the assignment order is issued.
Another general example would be "The tenant residing at 22 First Street will pay you". That way, if the tenant moves and someone new moves in, you can have the same assignment order served on the new tenant. If the judge will not allow a generic order, you can find out who is renting, one legal way or another.
Sometimes, after being served an assignment order, the third parties still pay the judgment debtor instead of you. Even if they mistakenly pay the judgment debtor, they still owe you that payment.
It is good practice to get certified copies of the AO, to quickly serve on parties and/or their lawyers, so they cannot claim they did not believe it to be genuine.
As with any courts hearings - with AOs; obeying court rules, state laws, and a substantial paperwork load is required.
Often, 5-6 parts (usually in 5-6 documents) are required. For example, an Assignment Order, (an optional) Restraining Order, a Memorandum of Points and Authorities, a Motion, a Notice of Motion (or Entry of Order), and Proofs Of Service, that are filed with the court.
The Notice of Motion (Entry of Order) and the Motion (Order) are sometimes combined into one document. You need to make several copies of all documents, schedule a hearing date at the court, and have the judgment debtor served everything.
In California, CCP 708.510 specifies the debtor can be served by mail. Bring the proof of service to the court, and appear at the court hearing.
If your order is granted, serve a copy of the order on the judgment debtor by mail, and the parties that will be paying you by mail first. If they do not respond, contact them politely, and if necessary, have them re-served personally.
Please consult with a lawyer when you do your first assignment order.