Tuesday, August 4, 2009
Jacksonblacklist.com Debuts
Finally there is a website that lets Jackson consumers speak their mind about the poor service they encounter at local businesses. Jackson restaurants will never be the same. Join the revolution.
Wednesday, July 11, 2007
Why You Should Invest In Mississippi Real Estate!
Investing in Mississippi's real estate market is a good idea for three quick reasons.
1. The huge number of available foreclosures,
2. The amazing tax incentives in the aftermath of Hurricane Katrina,
3. The huge opportunities brought on by the sub-prime meltdown.
How can Streetvestor help?
At Streetvestor we focus on the state's largest city, Jackson, and the surrounding metro area. The rents relative to the value of the homes are very high compared to other areas of the country.
More about the real estate market in Jackson:
• The population of the Jackson metro area is over 500,000 people. About 195,457 live in Jackson proper, and the rest live in the suburbs.
• The Jackson median single-family home price is $80,761. The state median is $71,067. This means Jackson is one of the least expensive metropolitan housing areas in the nation. Property taxes are also relatively low.
• The average age of homes in Jackson is 35, compared to the national average of 38.
• Jackson is a strong rental market: 42% of the homes are rentals.
According to the National Association of Realtors, Jackson saw single-family home appreciation of 8.9% year-over-year at the end of Q3 2006 (compared to -1.2% for the rest of the US), placing it in the top 15th percentile of metro areas in the U.S.
Jackson is ranked as the 9th most undervalued metro region in the U.S., placing it in the top 3% out of 317 metro areas, according to the March 2007 Housing Valuation Report by National City Corporation.
In 2006, Jackson was named of America's Top 30 Livable Communities by Partners for Livable Communities.
Despite the low housing prices, rents, relatively speaking, are much higher. According to HUD statistics, the 50th percentile rent for a 3-bedroom dwelling in 2006 was $826 per month. This makes Jackson one of the best areas in the country for positive cash flowing rental properties.
The economics in Jackson are clearly favorable for real estate investments.
The key to investing in Jackson lies in careful selection of the investment company, working with that company to select homes in the right locations and neighborhoods, and carefully selecting tenants and property managers
At Streetvestor, LLC, we are experts in the area, we perform the due diligence on behalf of our investors to get the right homes with the right rehab and the right tenants to earn safer, superior returns on investment.
I work with investors from all across America, providing turnkey keeper rental properties. For more information, email me at edwin@streetvestor.com.
1. The huge number of available foreclosures,
2. The amazing tax incentives in the aftermath of Hurricane Katrina,
3. The huge opportunities brought on by the sub-prime meltdown.
How can Streetvestor help?
At Streetvestor we focus on the state's largest city, Jackson, and the surrounding metro area. The rents relative to the value of the homes are very high compared to other areas of the country.
More about the real estate market in Jackson:
• The population of the Jackson metro area is over 500,000 people. About 195,457 live in Jackson proper, and the rest live in the suburbs.
• The Jackson median single-family home price is $80,761. The state median is $71,067. This means Jackson is one of the least expensive metropolitan housing areas in the nation. Property taxes are also relatively low.
• The average age of homes in Jackson is 35, compared to the national average of 38.
• Jackson is a strong rental market: 42% of the homes are rentals.
According to the National Association of Realtors, Jackson saw single-family home appreciation of 8.9% year-over-year at the end of Q3 2006 (compared to -1.2% for the rest of the US), placing it in the top 15th percentile of metro areas in the U.S.
Jackson is ranked as the 9th most undervalued metro region in the U.S., placing it in the top 3% out of 317 metro areas, according to the March 2007 Housing Valuation Report by National City Corporation.
In 2006, Jackson was named of America's Top 30 Livable Communities by Partners for Livable Communities.
Despite the low housing prices, rents, relatively speaking, are much higher. According to HUD statistics, the 50th percentile rent for a 3-bedroom dwelling in 2006 was $826 per month. This makes Jackson one of the best areas in the country for positive cash flowing rental properties.
The economics in Jackson are clearly favorable for real estate investments.
The key to investing in Jackson lies in careful selection of the investment company, working with that company to select homes in the right locations and neighborhoods, and carefully selecting tenants and property managers
At Streetvestor, LLC, we are experts in the area, we perform the due diligence on behalf of our investors to get the right homes with the right rehab and the right tenants to earn safer, superior returns on investment.
I work with investors from all across America, providing turnkey keeper rental properties. For more information, email me at edwin@streetvestor.com.
Monday, July 2, 2007
Self-directed IRAs turn to real estate
Self-directed IRAs turn to real estate
By Ann Brenoff, Los Angeles Times July 1, 2007
If your retirement garden -- specifically your individual retirement account or IRA -- hasn't been growing fast enough to meet your future retirement needs, you might want to join a club of contrarians: those who have decided to take matters into their own hands. Literally.
Self-directed IRAs are billed as "putting the 'I' back in IRA." They let individuals determine what, when, and where to invest their retirement money. And they are catching on -- in no small part thanks to the stock market's volatility and the real estate market's recent riches.
Real estate has always been permitted in IRAs, but few people know about this option. Financial institutions -- mutual funds, stock brokerages, banks -- are typically where IRAs are held. But investments in other things, most notably real estate, are fully permissible under the Employee Retirement Income Security Act of 1974. It prohibits retirement plans from investing in just two types of investments -- life insurance contracts and collectibles. Everything else is fair game.
But ERISA or no, the other thing standing in your way may be your employer. If your IRA is held in a company plan through your job, the plan's guidelines may specify what type of investments can be made -- and real estate is rarely among them. If this is the case, establishing a self-directed IRA isn't an option until you and your employer part ways. Once you leave, you can roll over the funds in your IRA and 401(k) to a self-directed IRA.
It is estimated that only about 4 percent of America's retirement funds are held in nontraditional accounts, including IRAs invested in real estate. But the trend, experts agree, is toward more money being funneled into these little-known, little-used, self-directed IRAs.
Although investors use self-directed IRAs for a variety of investments, among nontraditional accounts, real estate is by far the most popular.
Many caution that real estate purchases made through self-directed IRAs aren't the answer to everyone's investment goals. Experts, such as Jeff Nabler of the IRA Association of America, strongly urge people to consult a professional adviser before moving their money into one.
For one thing, the tax laws concerning self-directed IRAs are complicated -- and likely beyond a layman's interpretation. Mistakes can be costly; early withdrawal penalties may be imposed if funds are misused.
The Internal Revenue Code 4975 defines what are prohibited transactions for IRAs, said David Nilssen, chief executive of Guidant Financial Group, a Washington-based company that he says is rolling over about 200 accounts each month. Basically, any investment the IRA participates in must be for the exclusive benefit of the IRA, Nilssen said.
In the last seven years, Nilssen said, the self-directed IRA industry has "exploded." Before 2000, "investors couldn't justify leaving the stock market because it was performing too well," Nilssen said. "The industry has more than doubled since that time."
Self-directed IRAs can produce great returns, Nilssen said, but there are specific guidelines an investor must adhere to. "This is why we recommend that people not try to structure these investments themselves without the help of a qualified professional."
By Ann Brenoff, Los Angeles Times July 1, 2007
If your retirement garden -- specifically your individual retirement account or IRA -- hasn't been growing fast enough to meet your future retirement needs, you might want to join a club of contrarians: those who have decided to take matters into their own hands. Literally.
Self-directed IRAs are billed as "putting the 'I' back in IRA." They let individuals determine what, when, and where to invest their retirement money. And they are catching on -- in no small part thanks to the stock market's volatility and the real estate market's recent riches.
Real estate has always been permitted in IRAs, but few people know about this option. Financial institutions -- mutual funds, stock brokerages, banks -- are typically where IRAs are held. But investments in other things, most notably real estate, are fully permissible under the Employee Retirement Income Security Act of 1974. It prohibits retirement plans from investing in just two types of investments -- life insurance contracts and collectibles. Everything else is fair game.
But ERISA or no, the other thing standing in your way may be your employer. If your IRA is held in a company plan through your job, the plan's guidelines may specify what type of investments can be made -- and real estate is rarely among them. If this is the case, establishing a self-directed IRA isn't an option until you and your employer part ways. Once you leave, you can roll over the funds in your IRA and 401(k) to a self-directed IRA.
It is estimated that only about 4 percent of America's retirement funds are held in nontraditional accounts, including IRAs invested in real estate. But the trend, experts agree, is toward more money being funneled into these little-known, little-used, self-directed IRAs.
Although investors use self-directed IRAs for a variety of investments, among nontraditional accounts, real estate is by far the most popular.
Many caution that real estate purchases made through self-directed IRAs aren't the answer to everyone's investment goals. Experts, such as Jeff Nabler of the IRA Association of America, strongly urge people to consult a professional adviser before moving their money into one.
For one thing, the tax laws concerning self-directed IRAs are complicated -- and likely beyond a layman's interpretation. Mistakes can be costly; early withdrawal penalties may be imposed if funds are misused.
The Internal Revenue Code 4975 defines what are prohibited transactions for IRAs, said David Nilssen, chief executive of Guidant Financial Group, a Washington-based company that he says is rolling over about 200 accounts each month. Basically, any investment the IRA participates in must be for the exclusive benefit of the IRA, Nilssen said.
In the last seven years, Nilssen said, the self-directed IRA industry has "exploded." Before 2000, "investors couldn't justify leaving the stock market because it was performing too well," Nilssen said. "The industry has more than doubled since that time."
Self-directed IRAs can produce great returns, Nilssen said, but there are specific guidelines an investor must adhere to. "This is why we recommend that people not try to structure these investments themselves without the help of a qualified professional."
Motivational Quote
"Don't join an easy crowd; you won't grow. Go where the expectations and the demands to perform are high." Jim Rohn
Monday, June 25, 2007
Real Estate Investing Tips
Football coach, Jonathan Ramsey stumbled across a Free Real Estate Investing Report that has helped him acquire 4 properties in less than a month with more than $95,000 of equity in the properties.
According to Ramsey, "Within one week of ordering the free report, I had 4 properties under contract that will total $600 of cash flow each month. Plus I have locked in an average of $10,000 to $12,000 in profit per property. I have never seen an investment opportunity like this before. Residual Income for Life allows me to work part-time in my business while keeping my full time job as a football coach. The last thing I want to do is to spend my evenings and weekends fixing toilets, changing locks, or painting, and on this program I don't have to."
Bruce Burch and Coreen Savikko from Palmdale, CA ordered the special report and flew into Jackson, MS to purchase properties. Their first purchase generated over $500 per month in cash flow and $40,000 in equity. Bruce said, “We are overall quite happy with our experience and we look forward to more deals on this program.”
Sally Raymond from Roanoke, VA ordered the special report and has just planned her first trip to Mississippi to enroll in the program. “My goal is to establish a long term wealth building program and acquire a portfolio of over 50 properties.”
Call me for a copy of this report
According to Ramsey, "Within one week of ordering the free report, I had 4 properties under contract that will total $600 of cash flow each month. Plus I have locked in an average of $10,000 to $12,000 in profit per property. I have never seen an investment opportunity like this before. Residual Income for Life allows me to work part-time in my business while keeping my full time job as a football coach. The last thing I want to do is to spend my evenings and weekends fixing toilets, changing locks, or painting, and on this program I don't have to."
Bruce Burch and Coreen Savikko from Palmdale, CA ordered the special report and flew into Jackson, MS to purchase properties. Their first purchase generated over $500 per month in cash flow and $40,000 in equity. Bruce said, “We are overall quite happy with our experience and we look forward to more deals on this program.”
Sally Raymond from Roanoke, VA ordered the special report and has just planned her first trip to Mississippi to enroll in the program. “My goal is to establish a long term wealth building program and acquire a portfolio of over 50 properties.”
Call me for a copy of this report
Real Estate Info
When I tell people that I invest in real estate for a living the comment I hear the most is “I’ve always wanted to do that.” From the popular TV shows about fixing up homes to the stories of little old ladies that become millionaire landlords, just about everyone is familiar with the idea of making money in real estate. Why then, do very few people actually get in the business? The most common reasons I hear are:
I don’t know anything about fixing up houses.
I don’t want to spend my weekends doing maintenance on properties.
I don’t know how or don’t want to deal with tenants.
I don’t have the down payment to buy the properties.
How do I know if I am getting a good deal?
I don’t want to quit my job and do this full time.
I have no idea where to even start and I don’t want to do this alone.
After hearing these reasons over and over, I realized that if I wanted to help my friends and family to invest in real estate I needed to come up with a program that took out many of the unpleasant aspects of the business. I looked at the many different ways of making money in real estate and put together a program that best fit the needs of the casual investor. My Residual Income for Life program is the best way to get started investing in real estate. Here are just a few of benefits:
You don’t have to do any fix up. All the properties you buy are nice properties needing no work.
You don’t have to do maintenance work.
You don’t have to deal with tenants.
You don’t need a down payment to get started.
All properties are sold at a discounted price based off a certified appraisal so you know you are always getting a good deal.
No full time commitment is necessary (I do need to warn you that this program may make you want to quit your job and do this full time. It’s that good.)
You are not alone. You will be guided by a staff of *Realtors© and Investment Property Specialists as long as you are on the program.
Now, there is no such thing as an easy buck, and I do not want you to think that I am pushing some “get rich quick” scheme. Residual Income for Life takes time and work. You build equity in your properties over months and years. However, that equity is not earned by the sweat of your brow, but rather by smart planning, taking advantage of current market conditions, and by offering a service to your customers that is so valuable they may actually be throwing money at you (the other day we had a customer refuse to leave a property until we took his deposit of several hundred dollars and promised to let him have the house.)
How do I get Started?
The first thing you need to do is learn more about the Residual Income for Life program. Submit a request for the FREE SPECIAL REPORT at the bottom of this page. Along with the FREE SPECIAL REPORT you will get an application for the program. My staff reviews all applications and recommends who I should add to the program, so make sure that you fill it out completely. Please include any information that will assist us in reviewing your file for acceptance into the Residual Income for Life program.
Find out why the recent “Subprime Mortgage Crisis” will make smart investors thousands of dollars in the next twelve months.
Real estate has always been a good investment, but the recent turn of events in the Subprime mortgage market makes it even better. Residual Income for Life takes advantage of the current market situation to actually speed up our investor’s earnings to twice the previous pace. Other investors are getting out of the business and going back to their old jobs because they refuse to learn how to make money in this market. My Residual Income for Life members are finding better deals than ever before because they understand the market and are willing to build their wealth over time.
I don’t know anything about fixing up houses.
I don’t want to spend my weekends doing maintenance on properties.
I don’t know how or don’t want to deal with tenants.
I don’t have the down payment to buy the properties.
How do I know if I am getting a good deal?
I don’t want to quit my job and do this full time.
I have no idea where to even start and I don’t want to do this alone.
After hearing these reasons over and over, I realized that if I wanted to help my friends and family to invest in real estate I needed to come up with a program that took out many of the unpleasant aspects of the business. I looked at the many different ways of making money in real estate and put together a program that best fit the needs of the casual investor. My Residual Income for Life program is the best way to get started investing in real estate. Here are just a few of benefits:
You don’t have to do any fix up. All the properties you buy are nice properties needing no work.
You don’t have to do maintenance work.
You don’t have to deal with tenants.
You don’t need a down payment to get started.
All properties are sold at a discounted price based off a certified appraisal so you know you are always getting a good deal.
No full time commitment is necessary (I do need to warn you that this program may make you want to quit your job and do this full time. It’s that good.)
You are not alone. You will be guided by a staff of *Realtors© and Investment Property Specialists as long as you are on the program.
Now, there is no such thing as an easy buck, and I do not want you to think that I am pushing some “get rich quick” scheme. Residual Income for Life takes time and work. You build equity in your properties over months and years. However, that equity is not earned by the sweat of your brow, but rather by smart planning, taking advantage of current market conditions, and by offering a service to your customers that is so valuable they may actually be throwing money at you (the other day we had a customer refuse to leave a property until we took his deposit of several hundred dollars and promised to let him have the house.)
How do I get Started?
The first thing you need to do is learn more about the Residual Income for Life program. Submit a request for the FREE SPECIAL REPORT at the bottom of this page. Along with the FREE SPECIAL REPORT you will get an application for the program. My staff reviews all applications and recommends who I should add to the program, so make sure that you fill it out completely. Please include any information that will assist us in reviewing your file for acceptance into the Residual Income for Life program.
Find out why the recent “Subprime Mortgage Crisis” will make smart investors thousands of dollars in the next twelve months.
Real estate has always been a good investment, but the recent turn of events in the Subprime mortgage market makes it even better. Residual Income for Life takes advantage of the current market situation to actually speed up our investor’s earnings to twice the previous pace. Other investors are getting out of the business and going back to their old jobs because they refuse to learn how to make money in this market. My Residual Income for Life members are finding better deals than ever before because they understand the market and are willing to build their wealth over time.
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