Last month I reviewed an interesting article on The Wall Street Journal website and I learned there is a heavy swell of FHA foreclosures about to hit the market. The article established that mortgage default rates were dropping for nearly all loan types with the lone exception being FHA types of financing. Those default rates had actually increased.

Why you may ask? Well, when the market fumbled, the government initiated tax incentives for first time home-buyers and hordes of potential new buyers flooded the market. Many of those consumers were cash strapped therefore most were encouraged to use Federal Housing Administration financing for the low down payment opportunities. And, in countless states, if a buyer used this financing there were programs for $100 down payments. Some states still grant this program while others have abandoned it. My mind began to rattle when I began to think about what actually has taken place over the past couple years.

Here is my evaluation. During 2008-2010 the cash strapped buyers ran towards securing their piece of the American Dream: home ownership. Many of those buyers didn’t consider the likelihood that they may not have a place of employment in three years. While most were poised and ready and could actually afford the 3.5% down what they didn’t account for was that the economic system was going to continue to descend. And, most first time buyers that took advantage of the first time home buyer tax options are now in the unemployment line. They are defaulting at an unprecedented rate.

Additionally I understand that the government is going to elevate the down payment for FHA types of loans. This is really going to bruise our industry. Federal Housing Administration financing was put in place to give a lift to first time home buyers when purchasing a house by offering low down payments. Elevating the minimum down payment for these types of loans will put the home out of reach for many home buyers. It is truly a catastrophe in the making. While one person’s catastrophe is another man’s opportunity this will open many new sales options for real estate investors. Essentially, less competition in the market place will empower investors to rush in and pick up awesome deals on homes.

I’m really not sure how all of this is going to shake out in the near future but I can promise you that we are in uncharted waters. My best guess is that troubling times are imminent. If the first time home buyers that purchased homes between 2008-2010 and used fha financing continue defaulting there is going to be a tidal wave of FHA foreclosures coming on the market. This will amplify the inventory of HUD owned homes coming on the market place. I’m guessing HUD will slowly make available these homes a little bit at a time as they won’t be in any hurry to sell. IF they did rush it then it would crash the market. So, look for HUD sales to be the forerunner in real estate sales of the future. No doubt about it!

More about how to be a real estate agent, visit our site for a HUD 9548today.

Blogging? How to make your real estate passion an income.

Blogging? What the heck is that? It is basically writing about what you love. This is why I mentioned earlier that you would need to find a niche that you are passionate about as you are going to need to create content i.e. written content, pictures and/or video content.

Got to Gmail and set up an account. Remember, even here you’ll want to try to use your keyword as part of your email address. So try for something like “TeachYourLab@gmail.com” or “YourLabCanSit@gmail.com”. You get the idea.

Once you do that then you’ll need to go to http://www.Blogger.com and set up a “Blogger” account. This will be your “website”, if you will. You can now reference this link below and watch the video, as it will be easier for you to understand if we just walk you through it.

So by now you have a basic understanding of how to set up your “blog”, the basics of navigating the blog and also how to install Adsense on your site. I want to add that, in addition to adding Adsense to your site, you can also find other products to promote on your site. What you want to do is find products that you like or that would be related to your niche visit the site and see if they offer affiliate programs for their product.

What is an affiliate program and how do you get started?

Most merchants have affiliate programs. Essentially, they will allow you to put a link or banner on your site. If someone clicks that link and makes a purchase you get paid a commission. To do this you need to set up an affiliate account with the merchant. (Any reasonable merchant will offer phone support to explain how it is done if you don’t already know. But it is pretty easy and you shouldn’t need too much help to get started.)

Once your account is set up with the product you want to affiliate market then you will be re-directed you to a page that will have banner links and ads specific to their product. The links & banners from within your account will, by default, be embedded with your affiliate code associated with your affiliate account. (So no need to be intimidated by HTML coding.) Scroll and choose the banner add you like then simply copy and paste the code they provide in to your “Blogger” page.

Here is how you do that. Remember in the video when I showed you how to add Adsense? There is another category called “Add a Gadget”? You click add a “Gadget”. A new window will open within Blogger. Then scroll down and choose the Gadget that says “HTML/Java Script”. Blogger will then open another window. All you need to do now is copy and paste the “code” from the affiliate program banners and paste it in to the window where it says “content”. Then hit save and it will install the banner link for you. Hit save and then view the page. You should now see your affiliate banner appear on your blog page. No need to understand or write code. The affiliate code will be the way the merchant tracks who comes to their site. If someone purchases that product through your link then you get paid. Normally, if that person visits a merchant through your link then the merchant will ‘cookie’ or archive that link. So, if the person doesn’t buy the first time and then re-visits at a later date and makes a purchase within say, 60 days, you will be credited for the sale. But those timelines may vary. Ask your affiliate to provide you with their internal policy on “cookies”.

Affiliate sales shouldn’t be confused with Adsense. Adsense pays per click (PPC). PPC revenue isn’t much but does add up over time. Affiliate programs can be much more profitable if you have a lot of traffic coming to your site. So I highly recommend researching and finding products you believe in and promote those on your site. Pick and choose carefully. Don’t just load your site up with tons of ads. The real key is that you must get some “eyeballs” on your page and to do that you must provide interesting, valuable content.

I’m Len. You can learn how to find profitable keywords for any business by attending our webinars. Learn get to page 1 on google and attend a webinar.

With an onslaught of foreclosures due on the market in the next couple years it has never been more imperative to understand the HUD 9548 contract. Most licensed agents pass over HUD sales. Many analysts are predicting default rates in the next years that will be higher than all we have ever seen since lending initiated. Why will this alter HUD inventory? Because plenty of loans assembled from 2005-2009 were fha backed, new home buyer loans. Countless of those loans will be foreclosed upon. Subsequently, the value of those homes will now be lower and within the FHA lending range thresholds. So, new home buyers will be possessed to once again attempt to reach for the American Dream. Why does that matter? Read on.

Think about his. When the foreclosure crash initiated in 2005 buyers were running afraid and the “then” current home owners were panicking. What most didn’t consider was that there were anxious, potential home buyers waiting in the wings that had been saving for years to buy a home. And, nationwide, they signed up quickly to get a home…tens of thousands.

Fast forward two years to 07. Market in a downtrend. Home prices descending. Anxious, new buyers securing loans and homes. Then, the Feds enact a first time home buyer tax credit and some states followed suit by offering state tax credits as well that continued on through 2010. Another buying explosion.

Why does this matter now? Because all banks love fha insured lending as their loan, to a certain percentage, is guaranteed against default and, predatory lending was still happening in 07. The government hadn’t clamped down on these clowns. So, since the tax credits were offered, many easily influenced, first time buyers were signing up to get a loan and new home for any price and, no matter what the cost. Many of those loans were 3/1 and 5/1 ARM’s. So, 2007 until 2010 =’s 3 years and then default. Boom! Another crisis is already in sight.

While those buyers were motivated, almost all bought because of the tax credits offered and minimal down payment. Most buyers didn’t consider that home prices were crumbling and the country was about to enter a deep, multi-year recession. They were just in love with the American Dream. Well, scores of those buyers lost their jobs in the past couple of years and have now depleted their saving and are now falling behind on their loans.

Let’s be honest, in our opinion, FHA borrowers/first time home buyers, for the most part, are cash poor. With a double dip recession on the horizon tons of these fha borrowers have received an NOD and are on the verge of officially defaulting. Hordes of excited, new home owners from 2007 are now nervous trying to rescue their home. The proper processes weren’t in place. Another catastrophe is upon us. We tried to solve a problem with a problem.

So, why is it more important now than ever before to consider hud home sales and how to efficiently close these escrows? It is because FHA/HUD homes are now going to be the norm in the market place. In the past, home prices were inflated tremendously. When getting started as a new real estate agent you need to learn every dynamic associated with the Housing and Urban Development procedures and also the Federal Housing Administration lending. If you learn these simple procedures now and master them you’ll never will have a problem with getting an offer accepted or closed.

Learn more about getting started as a real estate agent. Stop by Len Dietrich’s site where you can find out all about QR codes for realtorsand what they can do for you.

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Quite often when getting started as a real estate agent many think that getting their real estate agency will produce a secure financial fortune when, in actuality, getting your certificate is the first leap in a very long process towards financial independence.

While real estate is an impassioned occupation there is a lot work ahead once you get your agency. Practically with all online or classroom real estate academy schooling courses there is little information relevant to real world experiences that you will wrestle with. While each state has specific requirements almost every real estate academy has the same basic practical knowledge. Really, there are scarce courses nationwide that take into consideration even the basics of how to fill out your state mandated residential purchase agreement. Why is it that the Department of Real Estate expects new real estate agents to be able to successfully complete a agreement when the forecastable situations aren’t even covered? It doesn’t have to be like that.

While each state has different contracts there is one legal purchase agreement that is the same throughout the US, no matter where you hang your license: the HUD-9548 contract agreement. And, that form seems to be the one that is the most disliked.

First, let me dispel a myth: HUD owned homes are not lower income housing. HUD homes are one to four unit housing that had an FHA insured loan. Simply put, HUD owned properties can be a single family residence, a duplex, triplex or quadplex. The loan maximums for these homes in Los Angeles County California are as follows: single family residence-$729,750, two-family-$934,200, three-family-$1,129,250, four-family-$1,403,400. So, you can see that a nice residence can be purchased in those price ranges. Many newly licensed agents and brokers turn away HUD home sales from their efforts and that is not a tactical decision. Many licensed agents are overlooking profitable sales that could expand their bottom line tremendously but simply don’t take advantage of these sales because they aren’t familiar with the HUD process. By simply marketing an additional three to six HUD homes per year one can increase their revenue immensely. Nationwide, no real estate academy will educate you through the HUD 9548 contract and teach how to competently execute the contract. Until now.

While the HUD 9548 contract is the same where ever you are the U.S.A. few realtors take the time to learn how to properly execute these contracts because many are focused on short-sales or bank owned REO’s. Never again make that mistake and exclude this opportunity of a life time.

More about how to be a real estate agent, visit our site for a real estate tutorialtoday.

As you begin your journey towards your real estate career, you may be amazed what it takes to become comfortable. Just knowing enough to pass the state licensing examination isn’t enough. Many rich licensed brokers attribute their prosperity to determination, superior training and mentoring. This will come in the form of resourceful books on the web, participating in training seminars and, above all, practicing at an office willing to allocate leads and share their knowledge with you.

Most licensed agents and brokers assume to earn thousands of dollars their first year. While it is possible, it is unlikely unless you have good mentoring and teaching materials. Since it takes time to produce a clientel to get listings there is one specific type of listing you can present as your own: HUD Owned Homes. Anyone can show, sell or advertise a hud-owned home.

HUD owned homes can return a nice take-home pay for new and experienced licensed agents. While in the former national HUD contract they offered a five percent commission that has now been decreased to three percent which is still pretty favorable.

Many affordable hud deals peter out on the market because new and experienced real estate agents don’t seize the HUD sales process. Just getting started as a real estate agent is rough so don’t throw away hud sales from your portfolio. As others are ignoring them, you can excel with them.

Second thing you can do is catch a hud agent training course of study. Many are offered every month nationwide. Check with your local realtors association for class scheduling. If you are not able to attend then visit our site below and you can download a free ebook for bidding strategies and learn more info at our real estate academy.

More about how to be a real estate agent, visit our site for a HUD 9548today.