Archive for August, 2010

I have just been approved for a short sale with a forgiveness of approximately $90,000. It has been my primary residence for about 2 years and 4 months. I havent gone deliquent on my mortgage, I just am being forced to move due to work and I cant afford two rent payments. How will this affect my federal taxes? I have heard about a forgiveness act but cant find anything about it?

The only effect is that you have to pay federal and state income tax on the 90k you spent and did not repay.

We are just finishing up another GMAC short sale and we really want to commend GMAC for putting together a great short sale department. I am sure Equator (an web based short sale processing system) is a large part of their success. Together with Como Northtown Credit Union this has made for another very quick short sale by Minnesota’s Premier Short Sale Team.

Any questions about the short sale process, let us know.

Duration : 0:3:30

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http://www.localmentor.com Colorado Real estate investment expert, Michael Jake, teaches zero down investing techniques. Learn wholesaling houses, wholesaling REO’s, foreclosures, short sales, subject to, land contracts, owner financing and other creative real estate financing structures. Free Colorado Real Estate Investing Course teaches you how: http://www.localmentor.com

Duration : 0:5:2

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Who Is Ron LeGrand?

Ron LeGrand When I first got involved with real estate I was a dead broke auto mechanic trying to make enough money to make ends meet. There was no such thing as disposable income around my house. It was all disposed of before I got it. Thirty five years old, bankrupt and I didn’t have a clue what I wanted to be when I grew up; but I knew it wasn’t fixing cars in the hot Florida sun.

After about seven years into the business and over 400 houses later I built an easy system to turn real estate into cash now, cash monthly and cash later. I made it a real business anyone could do from home and make obscene amounts of money. That’s about the time I started teaching what I had learned. Somewhere along the line someone called me “The World’s Leading Expert at Quick Turning Houses” and the name stuck.

In the late nineties the information company I built went public with revenues exceeding $20,000,000 annually from my books, tapes and seminars.

Now fast forward a few more years of teaching what I know while simultaneously doing what I teach and I will admit I’m a weird dude. I’ve bought and sold nearly 2,000 houses and still do two or three a month with an average profit over $40,000 with the help of my ex-secretary.

Over the years I’ve created a mountain of home study products, written millions of words in print, shared the platform with past presidents, movie stars, actors, politicians, sports heroes, business leaders, super wealthy from all professions and some of the best speakers in the world. I’ve spoken to audiences as small as 20 and as large as 20,000 in hotel meeting rooms and coliseums all across North America.

I’ve gazed in amazement and sheer joy as so many thousands of my students and new friends have pulled themselves out of financial mediocrity, or downright poverty, and made themselves financially independent millionaires and some multi-millionaires from the words that left my lips and the time we spent together.

So many new millionaires have now become leaders and are reaching a helping hand down to those in need and helping them climb the ladder to success.

My legacy has spread like a swarm of locusts and thousands will be affected, (maybe millions now), by the positive impact I made with a few carefully chosen words that left my lips or got put in print at a time when students were ready to receive them and convert to action. New generations will profit directly or indirectly because they attended one of my seminars then used the information and passed it on. When the student is ready, the teacher will appear.

Now much of my time is spent in front of good people who are serious about getting rich and will do what it takes to become one of the 3% who can really say and prove they have achieved true wealth.

People constantly ask me why I continue to teach. It’s hard for them to understand why a multi-millionaire would take the time to work with those who aren’t.

My answer is simple really. First, make no mistakes about it, I get paid well for teaching. It’s not a mercy mission and we’re not a non-profit organization. Second, I have to do something with my time. Golf, fishing and diving get old quick. Making millionaires never gets old and I can’t think of anything I’d rather do in my life. It’s fun to be me and I love doing it.

Besides, I’ve been married for over 43 years to one woman. Her name is Beverly and between the honey-do’s and the nine grandchildren (three live on our estate) it’s nice to get away once in a while. Beverly says even though we’ve been married 43 years, if you take out my travel time… it’s closer to three.

Truthfully, I’m just a simple auto mechanic with a redneck background who barely got out of high school. I’d rather have a good hamburger than a steak. I hate wine and all other alcohol beverages. I smoke cigars, listen to country music and jazz and go to the movies a lot. We have horses, cats, a dog and chickens and we grow stuff in our own garden and yes, I even have my very own tractor, which I use to plow that garden.

So, there you have it, the real me. Now browse my site and let’s see how I can add your name to our millionaire club…Quickly.

Link to his site:
http://www.ronlegrand.com/custom/index.cfm?id=99729

Duration : 0:9:53

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Home Foreclosures Continue to Skyrocket

KXTV News10 report on foreclosures in California and interest-only adjustable rate mortgage loans.
Alexis McGee of ForeclosureS.com comments on buying within your limit.

Duration : 0:2:41

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