Hunter Paschall Real Estate Articles and Tips

You are ready to help a homeowner in pre foreclousure. You are investing in a property and doing the Short Sale..
The question I am asked quite often is do I put this property in my name since I am the investor?

You should not have any of the properties owned in your personal name. You should buy property in a Land Trust with a Beneficiary being you. The majority of law firms recommend an LLC entity, which stands for Limited Liability Company. LLCs are becoming more popular and it is easy to see why. They combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership.

The owners (or "members") of an LLC are not personally liable for its debts and liabilities, but also have the benefit of being taxed only once on their profits. Moreover, LLCs are flexible and require less ongoing paperwork. Attorneys believe that there is more protection in a Limited Liability company than having a piece of property in your personal name.

An attorney knowledgeable in LLC and real estate law can help you answer questions for your LLC.
You may think this is expensive, but you may only need an hour or two to get the answers that will provide you with confidence for the future.
It is also recommended that you seek the advice of a CPA in choosing the correct entity in order for you to own property.

Are you ready for a spectacular future in Short Sales?
Would you like more information to get started or to get higher on the ladder of Short Sales Success?

Look no further.
Join me for 3 Days Live Short Sales Training Event in Orlando, Fl
August 28-30, 2009
Click Here for more information

To Your Success,
Hunter Paschall
407-772-2274

3dayslive.com

For a business to run successfully and smoothly the right equipment makes all the difference.


You Will Need The Following To Operate:

• Telephone
Home, Cell or Office Line
More and more business deals and appointments are made over the phone. Is your business phone friendly?.
Consider that when a person calls your business, this is their first impression, make it a good one!
When people call are they getting a computer voice or a real person?
Do they have to go through punching so many numbers that they just get frustrated and hang up?
Consider your Telephone your life line to your business.

• Fax
Faxes are used widely in the real estate business. Whether you have the standalone Fax machine or use the internet for faxing it is a useful tool.
One of the benefits of a fax machine is electronic signature on contracts that may not be recognized by law in some countries while faxed contracts with copies of signatures are. (check laws for your area)
We like efax.com to send faxes electronically. We receive them through email and use our printer.
 It is not required to use an e-fax but recommended

• Computer
Like someone once said to me, how can someone take a business seriously if they do not have a website.
This is true, the world became closer since the age of the interent and the way we market our business and ourselves has changed.
The only way to get on the world wide web is with a computer.

• E-Mail Account
Today you need to pay attention to even the smallest details. The competitive market is even bigger, because of the Internet.
Yes, even your email address can be a reflection of your business.
You can get a free account online at various places such a yahoo, gmail, hotmail, etc even though these email accounts
were primarily set up for personal email accounts at the dawn of the Internet.
While these are used, they can come off as unprofessional. When you get a website, most companies that host the site
will give you free email accounts that can be used for your business.ie: yourname@yourbusiness.com
The next thing to the telephone is email. Check your box often.

• Printer
Can not do without this piece of equipment. We have a copy, printer and scanner in one.
Make it simple on your self. Ask what we are really looking for.
Is it  just a basic printer for printing a few documents a week.
Is Color important?
Do we need a Scanner?
Make your list and head to the nearest office store to compare prices.

Once you have your equipment implemented, its time to get out there and make the phone wring, the printer print and show off your business!
Would you like to help homeowners in foreclosure? Do you know about Short Sales?
In the economy today, more and more homeowners need our help.
I can show you how to contribute and make money doing it.

3 Days Live is Coming to Orlando, Fl  August 28-30, 2009
I will give you the Best Short Sales Training you will find!
Get more information at 3dayslive.com

To Your Success,
Hunter
407-772-2274

Real Estate Professionals
We have Realtors® that help us with our properties. They are our eyes and ears out in the field showing off our homes. What a wonderful asset they bring to my team. Realtors® research the MLS and they make a commission  while helping you the investor, the home owner in distress and it is a win win situation for all when the deal is closed.
Consider the MLS. It is a very powerful tool to help sell your pre-foreclousure homes.
Listing your property allows your house(s) to be visible to other Licensed Real Estate Agents and their buyers
Also Realtors® have a buyers list that they match up to your homes, how great is that!

A Mortgage Broker
There are many Mortgage Brokers in your local Real Estate Community.
Staying current about the real estate market is what the best mortgage brokers do and usually use a different number of  companies to arrange a mortgage giving you more choices.
Having the correct Mortgage Broker on your team will weed out unqualified buyers.
It is recommended that you form a relationship with several.

A Title Company
You want to find a Title Company that is willing to work for you when you need them. The Title Company helps you close your deal. The way to find a Title Company is by speaking with people in your real estate community. When working with your Title Company, you might find that you are teaching them about Land Trusts and the creative things you do with your business! Be grateful for all the services you get, and show your appreciation.


Coming Together is a Beginning,  Keeping Together is Progress, Working Together is Success

Have a Fantastic Day,
Hunter
407-772-2274

3 Days Live Short Sale Training Event coming to Orlando, Fl
August 28-30, 2009 Get Info Here!

You may find a lot of the Sellers you are trying to contact or Sellers that have contacted you probably no longer live in the Pre-Foreclosed property.
These distressed home owners are usually down to their last option, have already given up hope and just walked away from the home.
They are expecting the bank to take their home and their credit to be tarnished.

These people need to know they can still be helped by doing a Short Sale, which is one of the most effective ways for discounting loans in real estate.
It is definitely harder to track down the Sellers of these Vacant Properties, but you can try to find their contact information the following ways:

1. Go to the house and leave a Yellow letter in the door.

2. Go to the neighbors and find out where the Homeowner moved

3. Locate telephone numbers on the free telephone search websites

4. Contact a skip tracer to obtain the telephone number of the Homeowner and their new address, i.e. www.findtheseller.com

It is to your advantage to track down these Sellers because:

1. Most of the time the Homeowner does want to save their credit

2. Many investors do not track vacant homes giving you less competition

3. Selling vacant houses is easier because you are able to allow your new buyers instant access

Doing Short Sales can create huge investment opportunities and you are helping a homeowner in distress. How great is that?

To Your Success,
Hunter
407-772-2274
More ways to find properties and help the homeowners that works for me are in my Short Sales Home Study Guide  plus bonuses you will need to be a success!

The wave of Pre-Foreclosures has hit all across America.
Every time you read a newspaper or watch TV, they are talking about Pre-Foreclosures.
In 2008, the Foreclosure rate went up 80%.
There are aproximately 2.5 Million Pre-Foreclosures across the nation.

Knowing foreclosure will destroy their credit, a distressed owner will usually try to sell their home to recover some of the debt owed to the lender, even if the price
is below the mortgage balance owed. However, in some cases, the owner cannot afford or is unwilling and scared to sell a home for less than what is owed
because they are unaware of the short sale process. It has been found that lenders would prefer for the homeowner to sell the house at a discount versus accept a deed in lieu of foreclosure.

In some cases, a borrower faced with foreclosure may be able to:

A. Sell the property to a buyer/investor who will arrange new financing and payoff the old loan or

B. The lender will accept a “deed in lieu of foreclosure” for the subject property.

A deed in lieu of foreclosure is when the lender accepts the deed to the subject property in exchange for the debt. In these cases, the lender has determined
that possessing the property immediately is preferable to the cost and risk of pursuing both a foreclosure proceeding and sometimes a deficiency judgment suit.
However, a lender does not have to accept the transfer for full payment for the debt. The borrower may still be liable for the difference in value and a deficiency judgment can be filed against them. It is recommended that the borrower, when trading “deed in lieu of foreclosure”, before signing, read carefully over their documents to ensure there is a clause that states whether or not they are still liable for the deficiency.

Are you considering becoming a real estate investor?Already there and not sure why the deals are not going through?
The true investment you can make for yourself in education. In Short Sales your success is measured by what you know.
Making a small investment to get big results is done by using what you learn, increasing your odds of closing the deals and making the most of your profits.

I keep current on a daily basis of any changes, new laws, and what the banks are calling for. While many people think that the real estate market is terrible, I do not agree. This economy is allowing the best opportunity for real estate investors. As you can see from the 2.5 Million Pre Foreclosures accross the nation there are pleanty of home owners out there needing our help.

To Your Successful Investing,
Hunter

407-772-2274
3dayslive.com Short Sale Home Study Course Here.

In my blog  "What to say to a Home Owner in Foreclosure" I shared why homeowners are in trouble, what they are not doing to help themselves and how you can help them everyday and make money...

Since that blog, I have received questions about where to find the foreclosure properties.

Where do you start?

*You local Court House:
Look up foreclosure records. You could ask an assistant for Lis Pendens or Notices of Default.

*Online: Many websites now have a section for REO/Foreclosure Homes For Sale

*Real Estate Agents:
Realtors and other agents can have access to foreclosure listings.
Many banks with foreclosure properties will hire an agent to represent them

*Listing Companies:
They do the research for you and send sell a subscription to those who are willing to pay for this information.
Be careful some of these subscriptions are just for a way for someone else to make money, see if they have a trial to test their information and be sure the homes are current.

Newspaper:
It is required by law for all states to post a public notice of auction in a newspaper for all foreclosure properties.

Word of Mouth:
I know that whatever business you are in, word of mouth is one of the best compliments you can get.
Let everyone know your real estate investor.You specialize in foreclosure properties/ Short Sales and you can help the homeowner in foreclosure.
It is amazing the phone calls I receive just from this one technique.

Once you find the properties you are on your way to helping the homeowner and making money..
Be sure you have the right training, don't waste your own time...
More ways to find properties that works for me are in my  Short Sales Home Study Guide  and all the bonuses you will need to be a success!

Have a Fantastic Day,
Hunter
407-772-2274

Well I learned a big lesson today. Keep your mind focused on what you are supposed to be focused on. When I was working for my dad in the automotive business, we were working in the shop and I had to polish shafts on these armatures (piece of a starter that goes in the big monster trucks). When doing this you would have to stay completely focused because you use a machine that spins around like a top at high speeds and if your mind wanders you could snap a finger or subject yourself to a multiple of different types of injuries. One day I was thinking about something else while I was polishing one of these 5 pound metal armatures and it flew out of the machine and struck me right between the eyes.

I don’t know if that was a lesson or what it was but it was something that definitely told me “Hunter you are not staying focused on what you are doing”. The point I am trying to make is that if you do not stay focused on the task at hand it may jump out and hit you right square in the face. So always be conscious of what you are doing and keep yourself focused on the task at hand and completing it before moving on to another task. Learn what you need to learn, get all the information you need to get and finish that task. Don’t let yourself get smacked in the head because you can’t stay focused on your current task.

Even though I learned to stay focused many years ago by getting hit in the face, I had to learn it all over again today. As I was driving away from my house today, I drove through a field so I could take a look at one of my boats. I wanted to check and make sure it was okay. Instead of focusing on where I was currently at, I was focused on where I was going and looking at my boat. Unfortunately, the field I was driving through had a few palm trees scattered around and one of them helped me come to a sudden abrupt stop. I wrecked my brand new 2010 Toyota Tundra head on right into a 40 foot palm tree because I was not looking where I was at the moment. Instead I was looking at my boat. So even now it seems that I need to be reminded of the task at hand. Something as simple as driving my vehicle. I would have seen the boat once I reached my destination but I became impatient and started looking at it when I should have been focused on my driving.

You know, I have learned in the real estate business, if I don’t stay focused on the task at hand everything around me will start to fall apart. Meaning, that when I am working on a short sale I have to stay focused on the seller which is the number one most important part of this whole process. I need to keep a rapport with them. The second thing that I need to stay focused on is the bank. I have to know what the bank needs and when they need it so that the short sale process runs smoothly. I have to make sure that when they call that I return calls in a timely manner and that goes for when they e-mail me as well. The third thing is the buyer. Making sure the buyer is getting qualified by the lender and making sure they can get a loan so they do not tie up my property.

If I do not stay focused on those 3 simple things when processing a short sale, I may run right straight into a tree that brings me to a sudden stop like I did this morning!

Please remember to stay focused on the current task at hand. It is okay to have the end result in mind but you need to stay focused on the process of getting there. If you don’t then you might not reach the end because instead you might be sitting dead in your tracks with a 40 foot tree in front of you.

The good news is that everything can be fixed. However, I like to keep things simple and do it right the first time. I learned the hard way to “keep it simple, stupid!!” and it looks like I am still learning it today. My truck can get fixed but the bad news is now it is taking away from other things I need to be focused on. Going through the insurance company and working with the body shop to get the truck fixed will take time and energy away from other things. I can delegate it and have other people do it but the fact remains if I would have been focused on my driving this would have never happened and all the time energy that will be spent on fixing the truck could have gone toward something more positive and lucrative.

Bottom Line is that by not being focused I have caused something to be in my life that I don’t need nor want. So learn from me and Stay Focused!!!

Have an awesome day!!

Hunter

407-772-2274

3dayslive.com