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Written by Administrator
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Sunday, 27 January 2008 |
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Last Updated ( Monday, 28 January 2008 )
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Written by Dr. J. L. Hutchinson Jr.
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Saturday, 26 January 2008 |
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Discover Dr. Hutchinson’s “Seven Steps to Change Your Life!” Don’t let your dreams pass you by! The “Seven Steps to Change Your Life” can help you impact not only your life, but the world around you. Watch and learn how to:
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| Set a Timeline for Achieving Those Goals
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| Overcome Problems and Family
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| Make a Most of Priorities in Life
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| Create and Become the Person you Want to Be
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| Visualize Yourself as the Person You Want to Become | |
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Last Updated ( Sunday, 27 January 2008 )
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Written by Dr. J. L. Hutchinson Jr.
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Wednesday, 23 January 2008 |
It’s Raining Money…But Where? The year 2008 can be the year of the Soveran Real Estate Investor. If you are a true investor, you know this is your time to buy smart and slow. Birddogs become watchdogs and developers become weatherman. Everyone is trying to forecast the economic storm and where it will hit next week. Last year’s mortgage storm caught a number of people unprepared for the change in the weather. Some real estate investors are still being hung out to dry since the lending business has dried up for sub-prime loans. Sellers are forced to find options to sell their property, homeowners are seeing their mortgage payments skyrocket and bankers have become gangsters and have taken back the properties from American families. You may be saying, “What the hell is going on!” But the Federal Reserve is saying, “What’s the problem? We kept the rates low and put less money in circulation.” That’s the problem! Those idiots did it on purpose. It’s like going into Starbuck's and asking for 80% sugar and 20% coffee and complaining about the taste. In other words, you got what you asked for at the same price. Americans wanted low interest rates and homeownership with affordable payments but we forgot to ask for an increase in income for American jobs in order to handle the financial storm and the umbrella to protect us from the rain. So now, Americans are stuck with not having any rain boots and wet feet. But what is the solution? Finding a solution is very difficult when you don’t own the weather machine like the Federal Reserve does to predict the American economy. So you have to play the money game but at the same time, the rules of engagement are kept extremely private. What I mean is that one dollar costs you $1.40 with taxes and inflation, so you are already in the hole 40 cents from the beginning. For example, a person making $30,000 a year, after 35% for taxes and 4% inflation, in the end is really making $18,000 a year. So let’s add a $10,000 credit card with an 18% interest rate used for the year, he is now $21,600 in the negative. Now, let’s add a mortgage to that as well, we will bury him alive in debt overnight! That is what is happening across the country today. People are lead to believe that they are moving up in society, chasing after the “American Dream”, but they fail to see the nightmare lurking just around the corner called “debt”. So first I needed to paint you the picture of what is going on in society today in order to identify the problem of what the “hell” is going on before we could find the solution. Some of you may say that I don’t know what I am talking about or you may even call me a fool, but that does not faze me. Wealth in its raw form would make you sick to your stomach because being poor is your appetite. So let’s move on to the question at hand, “What can I do?” Think like the wealthy of the world not the athletes’ or Hollywood stars, which is just America’s human zoo. You need to think like the oil company owners, the bankers and the richest of the rich that have so much money they cannot be published on the front of the magazines. Their wealth would cause civil unrest to American people. First thing you need to do is focus on where you can get the most return for your money. Since the world of money is so private, that means you will have to open up some doors and ask some questions. You already know that a dollar earned is a dollar burned. Making your money work for you is the quest your on for a high return and little competition. We already identified “who”, now we need to search for the methods of “how” the rich are doing it. In my lifetime, I have been exposed to so many things that work but most things that end in lies. Real estate has been a beacon of light for many fighting the nightmare of debt. Someone once told me, “Cash is King but Real Estate is Queen”. The paper business is what makes money for the rich and the bankers alike. Real estate has no ownership just the paper holders. Those who have flipped real estate can testify to this. And for myself, I have made millions playing the paper game with my biggest losses coming from me just being stupid. And for the most part, that has happened because I decided to stop playing the paper game. The super wealthy play the money game everyday, which is why the stock market is so popular today. People run to play where the wealthy are playing, hoping that some crumbs may fall from their table and land on the ground for the Americans to pick up, while the rich continue to get richer and fulfill their lifetime dreams. |
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Last Updated ( Sunday, 27 January 2008 )
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Written by Dr. J. L. Hutchinson Jr.
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Wednesday, 23 January 2008 |
REO Secrets in a BOX:
Late last year the REO opportunity showed its ugly head to me. After seeing countless people getting foreclosed on throughout the nation, banks gained assets while people lost theirs from state to state. The lending business impacted the real estate industry with a blow heard across America. The increase in bad loans has brought the United States government to the table with abnormal solutions. Banks have thumbed their noses at the fact that real people live in these houses. Some are providing temporary solutions, like forbearance agreements, while others only care about their balance sheets. Real Estate investors’ have been caught in the cross fire and a few have suffered self-inflicted financial injury due to bad investments. Those Americans who drank from the cup of the sub-prime are suffering from the bad aftertaste of adjusting mortgages. Even my own mother has suffered a hangover from the subprime adjusting mortgage beverage, which has caused her to stumble and pay the increased mortgage payment. They offered low rates for short term comfort with the idea of refinancing in the future. The future did come but the nightmare of the collapsing subprime industry was not expected. Thinking back a few years ago the thought had crossed my mind in the early months of 2006 the deals coming into my office was not as creative. We only did owner finance deals for years; then we started seeing more deals that required loans. Sounds odd, right? Then, it hit me like a ton of bricks: REO markets will be developing, not only for purchasing but for services as well. That led me to researching the opportunities available in this market. If your are interested in getting into the business of REO Services or Purchasing REO's for less than $2,000 (Commercial Or Residential)
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Last Updated ( Sunday, 27 January 2008 )
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Written by Dr. J. L. Hutchinson Jr.
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Thursday, 17 January 2008 |
Today I was reading in a magazine that was featuring a story about the presidential candidates for the 2008 United States presidency run for office. The article focused on the economic state of each candidate's financial wealth. The candidate's wealth building structures show their net-worth and gave their assets and other holdings. I started to examine my own financial well-being and check my wealth building for cracks. My question for you today is "What's In Your Wallet"? This is a loaded question, because typically, we really don't examine our financial future. We live by the dollar but died without a dime! Many people have enjoyed wonderful returns on their real estate investments over the past five years. The real estate industry opened many opportunities for the American people to prosper. Those dollars helped people make financial choices like, should we spend or save. Most people made the decision to spend rather than save. Those choices included mortgage products that gave us attractive rates, but close the gate for our future plans. We ran to the market for riches that were disguised as financial leverage but in actuality it was debt compounded. The average citizen can't hide from the bad choices they made in the past few years. The record climbing number of foreclosures is evidence and proof to the world that those choices have poisoned the economy. Pulling out the tools to fix the problem is not easy. First, the right formula needs to be mixed with the right ingredient and high rate investment returns is the key to recovering the loss that many have suffered. But where do we find it? The once thought of, Band-Aid solution will no longer help, because many are bleeding internally, and now the red ink is showing up on their balance sheets. You may be thinking, "Dr. Hutch, how can we live with such a financial womb? My answer to you is, if you don't take care of your wound immediately, you will die with a poor future, because Social Security for you will be dead-on arrival and the normal 401K will drown in the coming recession. |
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Last Updated ( Sunday, 27 January 2008 )
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Written by Dr. Hutch
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Wednesday, 11 July 2007 |
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Leasing Is An Option You may be thinking about purchasing a property or maybe making your first steps into the real estate business. You may be overwhelmed by the figures this implies and wonder where to turn for financing. You probably did not know that leasing contracts are also available from certain financial institutions for apartments and houses in different places and that this method provides cheaper financing in terms of monthly payments. Leasing is an excellent financial option but it is not for everyone. There are people for whom leasing can be advantageous and there are also situations under which leasing is the perfect choice. However, there are also other financial products that may be more advantageous under different circumstances. Just like home loans are not for everyone, leasing is also not the perfect solution for any financial situation. |
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Last Updated ( Saturday, 15 September 2007 )
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