Tuesday, August 4, 2009

Jackson Consumers fight back

Join Jacksonblacklist.com and fight back against terrible customer service in jackson ms restaurants.

Friday, June 29, 2007

Real Estate Investing Secrets

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."

To order my FREE SPECIAL REPORT E-MAIL ME AT ebrown@streetvestor.com.

Buying Investment Property in Jackson MS

This Investment Property is in a great part of Northeast Jackson
3/2 around 1500 square feet.
Asking price- ONLY $99,000

We have tons of deals in Jackson MS
Call me at 601-502-7040 or e-mail me at ebrown@streetvestor.com for more info about this property or any others we may have.

Why Mississippi Real Estate is HOT!!!

Why Invest In Mississippi? http://www.mississippibelieveit.com/

Three quick reasons. The huge number of available foreclosures, the amazing tax incentives in the aftermath of Hurricane Katrina, and the huge opportunities brought on by the sub-prime meltdown.

In addition, it is because the numbers work. At Streetvestor we focus on the Capitol City of Jackson, the state's largest city and the surrounding metro area. The rents relative to the value of the homes are very high compared to other areas of the country.

The population of the Jackson metro area is over 500,000 people, about 195,457 live in Jackson proper, and the balance 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 have personally owned over 75 rentals in this market and we have done over 400 deals in the Jackson Metro Area, working with investors from all across America, providing turnkey keeper rental properties.

Out of Disaster Comes Opportunity!

Hurricane Katrina and the Sub Prime Lending Meltdown -

On August 29, 2005, the states of Mississippi, Louisiana, and Alabama suffered widespread damage as a result of Hurricane Katrina, a natural disaster of unprecedented proportion.

The "Clarion Ledger", the state's newspaper, reported that 70,000 homes were completely destroyed and 65,000 homes had "significant damage" just in the lower six counties that make up the state's Coast region. These loses are staggering, especially when you consider the maximum number of homes ever built in this region in one year is 2,800.

On December 21, 2005 President Bush signed into law the Gulf Opportunity Act of 2005. This law commonly referred to as the "Go Zone" provides unprecedented economic and tax benefits to those areas hit hardest in Mississippi, Louisiana, and Alabama. The legislation provides HUGE incentives to investors building or buying new construction in these areas.

Katrina devastated the coastal areas of Mississippi, causing widespread wind and water damage related to the storm surge. Most of the southern half of the state was affected by Katrina, with the damage lessening farther north. Jackson, located 150 miles inland, suffered relatively minor damage compared to the coastal areas.

Manyy people displaced by Katrina moved to Jackson, further driving up home prices and rents.

Despite suffering only moderate damage, Hinds and Rankin counties (the Jackson metro area) were declared Gulf Opportunity Zone ("GO Zone") counties, meaning that the federal government has offered special tax incentives, the most attractive to real estate investors being "50% bonus depreciation", to investors who are helping to rebuild the areas affected by Katrina. Go to www.browndogproperties.com and click on Go Zone, to order your special report dicussing opportunities in the Go Zone.

Sub Prime Lending/Foreclosures

The Good Old Days for Buying Investment Property Are Now!!

According to the Friday, June 15, 2007 issue of USA Today (click on link), http://www.usatoday.com/money/economy/housing/2007-06-14-subprime-foreclosures_N.htm, Mississippi leads the nation in sub prime adjustable rate mortgage in default.

This means that there are HUGE buying opportunities here in this market. Foreclosures and pre-foreclosures are plentiful.

When you couple the strong demand for rental property and the relative high rents, with the ability to buy at well below market value, you have the perfect storm of real estate investing.

At Brown Dog, we offer the property, the financing, the rehab, the property management and the relationships you can trust.

Contact me today about investing in Mississippi!

Caleb Dismuke

Thursday, June 28, 2007

From Real Estate Journal.com

Top Cities for Home Sellers;
Finding the Right Time to Buy

By Lauren Baier Kim

Here's a look at what's new in real estate markets across the U.S. from around the Web.

Buyer's or seller's market?

Is your town a buyer's or a seller's market? Since real-estate is local and housing markets' strengths may vary from city to city, keep an eye on these clues to determine how housing sales are faring in your neighborhood, says CNNMoney.com:

• Look at the amount of time (per the current sales pace) it would take to sell all the homes currently up for sale -- you can get this information from your real-estate broker or on sites like Trulia.com. Less than 6.5 months is a seller's market; more than 6.5 months is a buyer's market.

• Compare how many days it takes to sell a home against say, six months ago to see if the amount has risen or decreased. (You can also obtain this info from your real-estate broker.) If homes generally take less than a month to sell, it's a seller's market. More than 90 days is a buyer's market.

• Pick a handful of local homes that are on the market and track them weekly. If you notice frequent price cuts, exclamation signs in their real-estate listings or multiple open houses, the market is probably weak, CNNMoney.com says.

Top cities for home sellers

Which city has the most favorable housing market for homeowners looking to sell? Raleigh, N.C., according to a Forbes.com study, which features a slideshow of its top-rated metros. The Web site looked at cities' supply versus demand ratio and evaluated factors like current sales rates, changes in those rates and price stability. Data from Moody's Economy.com and the National Association of Realtors was used. Positive factors boosting Raleigh's housing market are a lack of a significant inventory glut and a healthy local economy, Forbes.com says. San Francisco was ranked as the second-best U.S. seller's market, followed by Austin, Texas; San Antonio; St. Louis; Houston; Portland, Ore.; Dallas; Denver and Baltimore. While Seattle is generally a favorable market for home sellers, there was insufficient data to include that city in its ratings, Forbes.com says.

Coping with contingencies

Home-buying contingencies are becoming more common in today's real estate market, says an article by Minneapolis's Star Tribune. With home sales slowing, some buyers are making their offers contingent on the sale of their current property to reduce the risk of double mortgage payments, the Tribune says. Some sellers won't accept contingencies because of the chance that a buyer won't be able to sell their place, the Tribune says. Because contingencies can turn off sellers, some real-estate agents suggest selling one's residence before buying a new one, the article says. "You have so much bargaining power when your house is sold and you're going in noncontingent," one broker quoted in the article says. To up the chances of getting a seller to accept a contingent offer, show the homeowner that you are serious by offering full price, putting more money down or lowering your own home's asking price, the newspaper says.

Seasonal buying

Spring and summer are the housing market's hottest seasons, but are they the best time to buy? Maybe not, says a Bankrate.com article. While it may be easier to find a home in the spring and summer since there tends to be more houses on the market during those times, you'll face increased competition from other buyers, Bankrate.com says. Also, homeowners are more likely to demand full asking price in the spring and summer because there's usually a greater buying frenzy in those months, the newspaper says. Better deals (in terms of price) may be had in late fall or early winter, when there tends to be fewer buyers, the article says. Homes tend to sell 3% above the annual average price in May through June, at about the average price in early spring and in fall and 3% below the average annual price in December and January, the article says.

Connecticut evades slowdown

Eastern Connecticut has returned to more of a "normal" market, according to the Norwich Bulletin. In most of the region's communities, homes are selling in 90 days or less, says the newspaper, which identifies a "good housing market" as one in which houses sell within 90 days. Houses in New London and Windham County are staying on the market for an average of 94 days, but that's less than the 132 day average from a year ago, the Bulletin says. Prices have dropped just a little in these two areas, down from an average of $312,000 in 2006 to an average of $308,000 to date this year, the newspaper says. One market faring particularly well is Windham, where homes sell at an average of 54 days for an average of $214,000, or 99.98% of their asking prices, the paper says.

-- Ms. Kim is a senior editor at RealEstateJournal.com.

Motivational Quote of the Day

"To achieve more and better results, more resourcefulness is as important as more resources."

Dr. Tony Alessandra

Wednesday, June 27, 2007

From Real Estate Journal Online

Students in Your Neighborhood:
Good or Bad for Property Values?

By June Fletcher

Question: I own a home right up the street from Central Connecticut State University and am concerned about the future of the community and real-estate values surrounding the university. My main concern is that people are buying single-family homes and not fixing them up, then renting them out to college students. In the long run, will my nice street turn into a slum? It scares me enough to think about moving to a new town or community. Should I stay or should I go?

-- Krista Tulisano, New Britain, Conn.

Krista: Those of us who've accumulated a bit of dust on our diplomas tend to idealize college towns. We remember the cozy brick faculty houses, the wrought-iron fences and the clambering ivy; we forget the unpainted shutters, the broken beer bottles and the weeds.

But as 80 million echo boomers make their way through the educational system, their impact is becoming harder to ignore. Total enrollment in degree-granting institutions is projected to grow between 13% and 18% between the years 2004 and 2015, according to the National Center for Education Statistics, and there simply isn't enough on-campus housing to accommodate them all. As students spill over into surrounding neighborhoods, the inevitable keg parties and dandelion-choked yards become harder to ignore.

So does that mean it's time to sell? Not necessarily. Checking your ZIP code, 06053 at City-data.com, I see that about half of the residents rent, compared to a third statewide. But the median age of the ZIP is 33.5 years and 61% live in family units, indicating a good proportion of the neighborhood is probably made up of graduate students or young faculty members, who aren't as likely as undergrads to tear the place up.

Purely from an real estate investment standpoint, selling right now may not be the wisest course. Scarcity means opportunity, and prices in your neighborhood are on the rise, even though the overall housing market is slowing. A check on your home's value on Zillow (we're not mentioning the street address to protect your privacy), shows the Web site's "Zestimate" of the property's worth -- based on comparable sales and other factors -- was $9,695 higher on June 6 than it was a month earlier. Zillow's total-value estimate for your home, $199,152, is similar to estimates of value by other appraisal Web sites, like eppraisal.com ($196,518) and reply.com ($199,448).

If you decide to move out and rent your house, either to students or the retirees who increasingly want to live close to their alma maters, you also could do very well. According to the National Multi Housing Council, median rent growth in 64 college towns across the country was 7% from 2004 to 2006, exceeding the Consumer Price Index of 6.5%.

If you decide to stay, however, it may make sense to enlist your neighborhood homeowners association -- or start one, if you don't already have one -- to talk with the university. According to Central Connecticut State University's Web site, the university wants to maintain good relations with the surrounding community. Among its recent initiatives: A town-gown committee to address unruly behavior and loud parties, and adding more on-campus activities. The university says it wants to expand volunteer programs in the community as well, including one where students rake neighbors' leaves in a gesture of good will. Bring out a tray of hot chocolate and an extra-welcoming attitude when that happens, and you may find that your young neighbors, for all their boisterousness and occasional carelessness, don't really want to live in a slum, either.

-- June Fletcher is a staff reporter at The Wall Street Journal and the author of "House Poor" (Harper Collins, 2005). Her "House Talk" column appears most Mondays on RealEstateJournal.com. Email your questions about the residential real-estate market. Please include your name, city and state. If you don't want your name used in our column, please indicate that. Due to volume of mail received, we regret that we cannot answer every question.

Motivational Quote of the Day

Confidence is a habit that can be developed by acting as if you already had the confidence you desire to have."

- Brian Tracy

Special Report

Special report now available for all those interested in investing in real estate. Please e-mail me at middleman@browndogproperties.com and I will send you a copy.

Tuesday, June 26, 2007

Motivational Quote of the Day

Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy."

- Dale Carnegie

Realtors Welcome

I have traditionally sold houses in three ways
1. To homeowners
2. To lease-option tenants
3. To investors

If you have clients that fall into any or all of these categories, you can earn 3% commissions by selling them my houses.

One recent example in which a realtor sold an investor 9 houses within one month and made nine commissions by just bringing an investor to me and letting me explain the program to him.

Please call me at 601-502-7040 for more information on how we can work together.

Monday, June 25, 2007

Real Estate Info

When I talk to people about investing 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?

To get started in this program or just investing in real estate in general, call me at 601-502-7040. You can also e-mail me at middleman@browndogproperties.com

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.

If you are interested in this program or just want to learn more about investing in real estate in general, please feel free to call me at 601-502-7040. I will be glad to chat with you about investing, also call if you would like a list of our available properties. You can e-mail me at middleman@browndogproperties.com