BILL GREEN
REALTOR, GRI
PHONE/HOTLINE: (301) 297-7080
E-Mail: BGreen@BillGreen.com
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BILL GREENREALTOR, GRIPHONE/HOTLINE: (301) 297-7080 E-Mail: BGreen@BillGreen.com |
 Check out the latest news and these stories of real Buyers
Investors lost hundreds of thousands of dollars in the stock market when it dropped recently! I know that we don't have to tell you that with the unstable economies in Russia, Asia and Japan, money invested in the stock market is unsafe at best. Looking for a better and safer option? For peace of mind, invest in real estate! Your investment in real estate does not take to the bumpy roads. It normally either remains stable or takes the high road of appreciation. However, one of the reasons more people don't invest in real estate is due to the high down payment requirements of 20 to 30 percent. Those investors have not taken a look at our VA foreclosures. There was a time when VA did not require a dwonpayment for investors. Currently, they only require 10% down. Investors, imagine buying a $100,000 property for rental purposes, or to fix up for resale, with only 10% down. If you rent the house, or houses, you get a large tax deduction through the interest and taxes you pay. You also get to deduct the yearly depreciation which typically amounts to over $3,500.00 on a $100,000.00 purchase. In the meantime, the property is appreciating. I know of properties that some of my investors have bought that appreciated over 4% percent yearly. Now, I know you are saying to yourself, 4% percent that's not much, I can certainly get that much return in the stock market or even in a savings account. But remember, you have to put the $100,000 in the stock market or bank account; these investors paid nothing down, zero, Nona, zilch, and they have realized $4,000 a year in return on investment. Plus, they have gotten to deduct over approximately $12,000.00 in interest taxes and depreciation against rental income, other income and/or their salaries. Add up the benefits and you will be on the phone to me right away asking me how you can take your money out of the stock market and put it into real estate where the return is high and the risk is low. And beside, if things were to go wrong, you could comfort yourself with the fact that you own the building that you jump off. Call or E-MAIL me today for more info about this great program (301-297-7080).
VA Foreclosures for Investors and Owner-Occupants Many homebuyers do not realize that you do not have to be a veteran to buy and obtain a VA loan on VA foreclosures. All you have to do is bid and win. The VA will finance all of their properties with three percent down for owner-occupants and 10% for investors. You are required to pay the closing cost. Is this a great deal or what? The last time I looked, the VA was offering a fixed rate of 7% with no points on a 30 year loan. Is that a great rate or what? However, it could go down or up at any minute. So, the bottom line is the longer you wait, the more of a a chance you take that you might lose a great rate. Of course, you also have the choice of getting your own special financing, or paying cash. If you choose to get your own financing, you can bid asking VA for up to 5% in closing help. The more you ask for in closing help, the less chance you have of winning the bid. Call or E-MAIL me today for more info about this great program (301-297-7080).
HUD Foreclosure are best buy for Owner-occupants If you are a first time homebuyers or are looking for a small to medium sized home then the HUD program is just right for you. For owner-occupants only 3% down is required. However, HUD will pay up to 5% in closing help and if that is not enough, you can finance the rest into the loan. Don't even suggest this with any other program. So the bottom line is, we can get you into a $100,000 HUD foreclosure for 3% out-of-pocket. Many of the HUD houses need little or no repair But say, the house needs a little fix-up: you always have the option of using the FHA 203(K) loan. The FHA 203(K) allows you to add any fix-up requirements onto the loan. This eliminates having to go out and take a second mortgage on the house. Moreover, you can include that super bath you always wanted. How about a deck or maybe the basement is unfinished and you want to add another bedroom and a rec. room. It's doable, all you have to decide is what you want to do. Call or E-MAIL me today for more info about this great program (301-297-7080).
The old lady who bought the $300,000 house This is an interesting story. A few years back, this little old lady called me wanting to buy a big new single-family foreclosed home. She had been living in a modest $100,000 townhouse for the last 5 years or so. It was just her. All of her kids were grown and gone. So we went out looking and found this big colonial over 3,000 square feet with a full basement, a sunroom, and a 2-car garage at a price tag of over $300,000 and put a contract on it. She opted to pay cash. She had more than enough money in stocks ,bonds and bank accounts. She pulled the money out, bought the house and has been living there happily ever since. When I tell people this story they ask me why would an old lady want to do something like that. They want to know if she was crazy. I tell them what she told me: Sure, with my money in stocks, bonds and bank accounts, I'm making money but I am also paying a lot of taxes on that money. With a house, I can have my cake and eat it too. I get to live in and enjoy this nice big wonderful house and at the same time I'm still making money because it's appreciating. Moreover, I don't have to worry year to year about paying taxes on that gain like I have to on dividends and bank interest. I tell you, taxes were killing me. If I have to sell the house, with the new tax laws, I don't even have to pay taxes on that gain. The gain is even more when you consider the fact that the house is a foreclosure and has built-in gain in the form of equity. If something were to happen to me, heavens forbid, my children would get the original investment plus all of the gain out of the house. It's a win-win situation. You can't go wrong. Well, no one has proved her wrong yet. However, whether you are just starting out in life or you are over the hill, or whether you only want to buy a $30,000 house or a $300,000 house, the same principal applies. It's up to each and everyone of us to realize what the real opportunities are and take advantage of them. Call or E-MAIL me today for more information about foreclosures and other properties (301-297-7080).
This is another story. This guy was referred to me last year. He had moved from New York city to the Washington, D.C. area 10 years ago. He and his sister owned a house in New York which they had just sold after renting it for the last 10 years. They were to share in a $100,000 profit. He was frantic because the attorneys had told him he would have to pay capitols gains on the profit unless he reinvested into another house via a like-kind exchange. He desperately wanted the help of someone familiar with this process. It just so happen that I have been involved in several like-kind exchanges. For those of you who don't know, this is a process where if you sell an investment property and realize a gain, you are allowed to reinvest that gain into another property without having to pay the capitol gain tax so long as you don't actually touch the money. The like-kind is really misleading because you can sell land and buy a property or you can sell a residential property and buy a commercial property, etc. In fact you can sell one property and buy up to three more. So I suggested to him that we attempt to maximize his $50,000 by buying up to three properties in this area for rental purposes. In that way, if he needed some money later, he could siphon off some by selling one of the new properties and only having to pay the capitol gains on that small portion. He agreed. As it turned out, VA properties were an excellent choice for this venture because they required no more than 5% percent down plus closing. You can take $50,000 a long ways with only those requirements. He was able to purchase the three properties and out of the goodness of my heart I found three Section 8 tenants for him. The Section 8 programs just happens to be an excellent choice because there is no better feeling than having most of your rent guaranteed and on time. Call or E-MAIL me today for more info about Like-Kind Exchanges (301-297-7080).
Call me at (301) 297-7080; Or You can reach me by E-MAIL at: BGreen@BillGreen.com Office: 301-423-6835 X26
This Web Page was created by Bill Green
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