The January unemployment numbers are in: 9.7%. This is some good news, considering that it is a 3% drop from the December 10% number. This good news, however, is mitigated by the fact that the country lost another 20,000 jobs.
“Over the next five years, about $1.4 trillion in commercial real estate loans will reach the end of their terms and require new financing. Nearly half are “underwater,” meaning the borrower owes more than the property is worth. Commercial property values have fallen more than 40 percent nationally since their 2007 peak. Vacancy rates are up and rents are down, further driving down the value of these properties.” You can read more on this article and access the link at the end of this article.
Well, Tulipmania ended about May 1st 1638 (about 5 months after it started) when the contracts returned to October levels in just a couple days leaving those sacrificing everything to get in towards the end with absolutely nothing.
What happens European recovery fund next is far from clear. The huge [commodity] stockpiles could continue to grow at a breathtaking pace – after all, Beijing has plenty of greenbacks to work through – and the dragon’s data points could continue to impress, or at least not frighten.
Then there is another issue for families to contend with; even if they come up with the funds needed to cover rehabilitation, seventy percent of patients relapse after their first time in treatment. It’s not an easy fix. Recovery is a process that may include many relapses. This is a hard reality to face.
You purchase a revenue property and pay cash for it. You find a tenant who you know will take care of the property, has an excellent income and who will sign a long term lease. You do your due diligence and find that the tenant is financially strong and has an impeccable character. The client moves in and you collect the rent. Because you have no mortgage and the tenant pays the utilities, taxes, and general upkeep of the property you are able to put the net rent in the bank and then use it to invest again and again compounding your return.
Typically, 3.5% of the SBA amount is due at the time of the loan. However, the fee may be financed. An origination fee may include bank fees. A fixed or variable interest rate will be negotiated by the bank for the Wells Fargo portion of the loan.
It takes very little money up-front to learn the real estate auction overages business and get started. And best of all? You can work your overages recovery business from anywhere in the country. You can work Indiana, even if you live in Texas – or New Zealand! The entire business is done remotely, from your home office, anywhere in the world.