How can I find funding through grants or loans for real estate investing?

Question by contingentlaw: How can I find funding through grants or loans for real estate investing?
I am doing research on starting in real estate investing. I have heard that grants or loans are available from government or other sources to buy, rehab, or otherwise start in real estate investing. Where can I find out about these?

Best answer:

Answer by bull_rooster_aardvark
I don’t think there are many (or any) grants available for real estate investing. May need to go the loan route which would be a bank, or prosper.com or something.

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Mortgage???????????

Question by YEEH!: Mortgage???????????
I recently got a letter from my bank saying I owed them $ 199 from “late payments” on my mortgage. (you know how your mortgage is due and if you pay it late they tack on a charge) Well, everytime my husband went to pay our mortgage even if it was late, the bank teller never tacked on the charge. Anyways, they are saying their going to take us to collections for the amount due, does this mean their going to try and take our house? We have never missed a month on our mortgage, just a few times they didnt tack on the late charge…can anyone answer?
It’s was late a few times because our son was sick and we spent a ton of money going back and forth to st judes. But that wasn’t my question, will they try and take our house?

and we are making them on time now.

Best answer:

Answer by perfect_picasso
try to pay early on your mortgage – why is it late?

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Home Equity Mortgage Short Sale – Short Sale My Second Mortgage

Do you have a home equity mortgage that you cannot afford? Have you missed a home equity mortgage payment? Tune in today as Minnesota short sale experts Josh and Sarah with the Pomerleau Team at Keller Williams Realty talk about completing short sales with second mortgages and completing short sales with home equity mortgages or line of credits. If you have any Minnesota short sale questions or would like more information about qualifying for a short sale in Minnesota contact the Pomerleau Team at 763-463-7580 or submit a contact form at www.ShortSaleShift.com

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Recommended Books for Real Estate Investors

www.revnyou.com Julie Broad of Rev N You with Real Estate shares the Top 3 Books she recommends for all new real estate investors. Plus she tells everyone about the last 4 books she’s read and whether she recommends you pick up a copy.

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Use QuickBooks Pro to track your Real Estate Investments

Setting up QuickBooks Pro to track you real estate investments. I’ve used QuickBooks for years and produced this video tutorial to help investors track their real estate investments www.Cash-Flow-Investor.com – Invest in Philly Real Estate
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Richard Stallman lecturing about copyright at University of Calgary on 2009-02-03. Free/Libre formats can be found at: www.archive.org , as per Stallman’s request. Thanks to Sebastian Ochmann & Antonio Bonifati for their work transcribing this video! Care about the environment, economy, or just love technology? Check out my documentary about the Liquid Fluoride Thorium Reactor! ThoriumRemix.com www.youtube.com

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CFA Level 1 2012, Quant Lec 4, Balloon Payments, BA II Plus, FREE Videos, Practice Ques & Exams

Path2Finance.com offers the first 35% of the CFA Level 1 curriculum preparation FREE. The free material includes videos, PDF notes, practice questions and sample exams. This is the best way to start and complete your CFA preparation.
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Q&A: Should I wait until next year to refinance my mortgage? I am buying a single family home in California?

Question by geraldine w: Should I wait until next year to refinance my mortgage? I am buying a single family home in California?
I am skeptical of refinancing this year since the rates are up from last year. I am hopiing the rates will go down instead of up next year. Should I wait?

Best answer:

Answer by zyberianwarrior
depends on what kind of a mortgage you got. If its an ARM GET OUT OF IT NOW! The rates are slowly dropping and many expect a nice drop next year also check to see if there are any penalties for refi and some will even make you pay for an apprasial before hand (don’t do it)

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Outbound Services

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Need Advice on a New Career?

Question by jadazra123: Need Advice on a New Career?
Here is my dilema: I am burnt out, I need a new job, and I also need to find a career.

For ten years, I have been at several jobs, all of which involved appointment setting, the call center and telesales (to various degrees). Talking on the phones all day long and dealing with demanding and unreasonable people has finally taken it’s toll. I have been in my current postion as a mortgage loan officer for over five years and there is the constant threat of being written up or fired for not meeting sales goals and the ever constant change in the compensation (my income has dropped drastically to the point that I am beginning to live from paycheck to pay check–and I have always lived within my means).

I have a BA in English Lit. I really do not know what kind of field I want to go into, but I have to get out of the mortgage business. I really do not want to teach because the Michigan Public Schools are horrible: the teachers are always getting laid off and the pay is ridiculous. All I know is that sales is too stressful for me and I need to find a new position–but more importantly, a new career.

The problem is that I do not know what I want to do with my life. I am in my 30′s and feel like I am having a mid-life crisis. I have researched positions like becoming a professor (takes too long and not enough pay), Med or Vet school (I don’t think I am smart enough), Financial field (hate Corporate America), Physical Therapy (Michigan market seems to be flooded with outsourcing agencies; job market does not seem to be stable), and working with animals (I would love to do this, but not enough pay).

If someone could offer some advice–any advice–I’d be grateful. Right now, I feel totally worthless and clueless. Or even if you are in the same position as I, please write back. I need to feel that I am not alone (misery loves company, I guess).

Best answer:

Answer by mistify
The physical therapy job market is actually growing vastly. The “flood” of outsourcing agencies actually asserts it’s demand. The demand is high enough that outsourcing agencies are actually placing employees on a regular basis because the demand is so high…staffing agencies are TRIVING. If the market were truely flooded, you would see these agencies disappear…they were not there to this extent 8 years ago…believe me.

The only potential down fall is if we get a national healthcare plan. I think you would see a TEMPORARY market adjustment, but after that, it would quickly rebound.

PT was recently named the second most satisfying career. It’s a good time to get in…and very exciting too.

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Host Group Real Estate Academy: Mortgage Loan Originator Continuing Education

All licensed mortgageloan originators in Massachusetts need to complete 8 hours of continuing education every year. Host Group Real Estate Academy offers this NMLS-approved class online or in its Boston classroom. Schedules and details available at www.HostGroup.us

David Fierabend has been working in the mortgage industry for over 16 years, both originating loans and managing a staff of select mortgage professionals. David has the experience and the support to assist you with your mortgage needs. If your Call him today at 623-451-5400.
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