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Spot light on Exit Desert Ocean Agents SpotLight on Cathy Meyers, Realtor Exit Desert Ocean In Victorville
This is a Spotlight on one of the Agents at Exit Desert Ocean Realty:
Cathy Meyers, She has been with Exit DOR in Victorville for over one year. Prior to Exit Dor she worked at Freedom Realty in Hesperia.
General Real Estate: She has taken several courses in real estate to protect consumers. At Exit she has been involved in Residential sales, Short sales, Foreclosures, contracts, negotiation, marketing, Mls operation, commercial and buyers. She regularly takes courses that further her understanding of legal matters and consumer protection. She has also taken courses in real estate motivation and organization and goal Setting. She often takes advantage of training events offered by Mike Ferry Organization or SSI.
Cathy brings some interesting resources to Real Estate.
NLP:She is an avid learner and practitioner of NLP. She spend one year and hundreds of hours in learning NLP. She is coached by a NLP Coach in mastering life skills and using nlp as a means to achieve her goals.
Stager: Something Cathy is good an anyway is arranging a home. But she went further and took a course in Staging. If you want to add several thousand dollars to your value and decrease your time for the sale of a home, let Cathy Stage it for you. Yes there is a cost, but selecting her $1000 or $1500 or $3000 program is worth every penny. She will do an awesome job for you. I know, I have used her and was very satisfied.
Investment Cathy brings a wealth of information to the Real Estate Field. She and her Husband David have been investing in Real Estate for over a decade. From Rental homes to Triplexes. They have experience in buying in Washington, Arizona, and California. As an investor Cathy works with a Group of investors who not only teach the skills and strategies of investment. She is a member of her investor group and is an assest to anyone who is in need of some of the ins and outs of buying investment real Estate.
Pool Homes: Cathy loves to specialize in pool homes. She has a web site dedicated to helping pool home sellers and pool home buyers. She was so convinced that pool homes was a good idea that she bought her own pool home in Apple Valley last year. Way to Go Cathy. If you want to see one of her incredible Pool Homes go to http://www.cathymeyers.com/
There is a lot more to say about Cathy than this blog will allow. She is one of the 125 plus agents at Exit Desert Ocean that we care about and are proud of.
Thanks for Reading Val Rensink, Exit Desert Ocean Realty
School Information For Apple Valley and the High Desert
Community Information Local information
ci.victorville.ca.us
http://ci.victorville.ca.us/ For information on Victorville
http://www.vvchamber.com/ Chamber of Commerce in Victorville
http://digital-desert.com/victorville-ca/ High Desert Information.
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| 1031 Exchange
Spot Light on 1031 Exchange Dino Champange
She walks with confidence and knowledge, She is personable and has this draw you in laugh. She is Dino Champagne an presenter on IRS code 1031 which involves both personal and real property exchanges. I have attended Dino's basic class at least three times. She knows which questions are too deep for the group in front of her and which issues to repeat and affirm making sure we got it. Bottom line Dino wants your business and she deserves it. I have never met any one else from her company, however if she is the quality of an individual that represents the company, I am good to go.
So.... Internal Revenue Code Section 1031, Title 26 Subtitle A-- Income Taxes, Chapter 1-- Normal Taxes and surtaxes, Sub-chapter O-- Gain or Loss on Disposition of Property, Part III Common nontaxable exchanges, (a) Nonrecognition of gain or loss from exchanges solely in kind,
Did you get that? I mean when you read the real thing, the tax code are you already swimming and lost and wondering why you are doing this?
90 minutes later with an explanation of the 45 day "cast in Stone" identification period how many and how is it done and how long? The completion within 180 days "cast in Stone" of the beginning, and the issue that the person exchanging cannot receive any of the proceeds and cannot touch the proceeds of the exchange or it becomes "Boot" The issue that the IRS follows these requirements. That the IRS does not write law but simply enforces it. That you must use a Qualified Intermediary for the purpose of an exchange.
Well when the time period is over, I feel I know more about exchanges than when I walked in and I also feel that I have more to learn. By the way, the time period goes by very rapidly.
How Dino Champagne keeps all this stuff straight and can answer out question without giving us legal or tax advise is something to watch. If you ever hear that she is in the neighborhood, ask to be present, you will exchange your time wisely through this qualified intermediary.
Eat your Veggies
Val Rensink
Exit Desert Ocean Realty
Victor ville , Hesperia, Oak Hills, Phelan, lucerne, pinon hills,
World Vision changes a child's world for good
An Agent in my office Writes, I AM SELFISH! AND THEN SHE IS SUCH A GIVER. A lot of people wonder why I always go out of the way to set up events
and get togeathers.
IT'S BECAUSE I'M SELFISH
If I belong to a brokrage where everyone works togeather, plays
togeather and helps each other
I WILL MAKE A LOT OF MONEY.
So let's get togeather next Friday the 7th and play. We will have a lot
of fun and earn a lot of comradery.
FRIDAY, DEC. 7TH 2007
10125 11TH AVE, HESPERIA
CORNER OF 11TH AND WILLOW
6:PM
Call me or E-mail me or sign up at the front desk and let me know what
you are bringing for pot luck and how many people. I also need
volunteers of all types.
We have a Santa Costume. We need a Santa if the real one is not
available. Her name is Elizabeth. She is a Giver. She believes in the Law of Attraction. She believes in Sowing and Reaping. She believes in the Law of Reciparcity.
| Tax Liens, Things you should know Tax Lien Two words no one like but rates of return hard to beat (Members Only)
So I am looking at Tax Liens as a way of investment diversification. I have read several books, been on a couple different sites on the Internet. I have listened to tapes. I have attended a Donald Trump 2 hour intro and a two day workshop on tax liens. I have reviewed California, Iowa, Arizona, New Jersey, South Carolina, Maryland. In those states, I have picked counties or cities (boroughs) to invest in. I have learned that there is a difference between states that are lien states, Deed States and Hybrid states.
My understanding is that Tax liens are not guaranteed. They are a safe way to earn secured and fixed returns.
Why are they SAFE? Four Bullet points: *The Government Superintend the Execution of them. (Gov Admin), * Real Estate(check its value for your investment) Securing the lien( Secured by RE), *State Government Regulations and law implemented (Enforced by State Law), *Returns on investment has a uniform yield(according to each state ,Rates are fixed).
You have more control over the tax lien that you invest in, than the money you have in mutual funds or the stock market. You do not have to worry about the Global economy or watch the news or listen to the newest presidential candidate. All you have to do is look into your mail box every day and see if a tax lien was redeemed and you get some mail box money.
What kind of rates of return? 5%, 16%, 18%,25% and it all depends. Some of the states don't charge an interest rate. They charge a penalty. It might equal a number like 25%. But you know as well as I do that a 25% interest rate is different than a 25% penalty.
What might be a downside of a tax lien? It is not liquid. Once you buy it you own it until it is redeemed.
What are some good sites to know about if you are going to invest in tax liens outside of your local area? Check out a County web site www.naco.org. Another one that I like is Geology.com for how the land lays out- elevation, counties, population, Rivers, Quake areas, relief map, road map, river map, Landsat-satellite maps. Do your research on the property. The more you know the safer the investment you are making.
Why should you buy a tax lien or a tax deed? Simple, the county needs to have it money to pay for police, fire, schools,libraries, road, etc. You are not taking any bodies land or property from them. This is state law and in lien states it allows the county to get it money right away. The interest rate or penalty is due because of law.
What should you watch out for? Know your property, is it a good one? If the lien doesn't redeem, you will have the opportunity to foreclose on the property. That means you will own it. How will you recieve the title and will you be able to get title insurance?
Thats all for Now
EAT YOUR VEGETABLES
Val Exit Desert Ocean Realty
Victorville, Hesperia, Apple valley
World Vision Gives A child hope. For the Christmas Season the church I attend is supporting world Vision. How Cool is that.
More on AITD's
Seller, Have you Thought About a AITD?
It is happening in Victorville and Hesperia.
It will be coming to Phelan, Apple Valley and the whole high desert. This is the return of the 80's financing.
Yes, in this market, there are alternative ways to creatively sell your home. For those of us who have been in the industry long enough and remember the high rates of the 1980's. Do you remember the Carter years? 18% interest on home loans. Now houses were still sold but buyers used seller financing when the seller owned the property. What did they do when the seller didn't own the property? That's where an AITD comes in. That is an All Inclusive Trust Deed. Simply put an AITD note and deed of trust is a junior financing method which included at least three things: 1) the obligation created in the current transaction, 2) the debts (current financing) of prior note(s) 3) The deed of trust securing the subject property.
If agreed to in the following manner that means that the current note and the AITD are the same amount. A mirror of each other. It is very important when in the future an order for full re-conveyance from a beneficiary is needed but that entity has absolutely no money interest at stake. That being the case that person or entity may refuse to cooperate or the real nightmare be impossible to be found.
If you perform an AITD to acquire a property. You are using the Financing which has been acquired by the current owner. Although not illegal ( except in VA or FHA gov loans- do not AITD them again do not!!! you will get into trouble. you will go to jail or worse.) the bank often reserves the right to enact the Due on Sale clause. The Due on Sale Clause (read the wording in the loan documents) usually means the bank has the right to call the full amount of the loan due now. If you have any qualms about this type of financing- don't do it.
Last idea. Get your own fire/hazard insurance for the property. And do not cancel the current insurance of the persons named in the bank loan. Yes you will carry two policies on the property. Why? Because the policy that the persons named in the bank loan carry is owner occupied insurance. Your policy must reflect what you are doing with the home. Are you renting? Are you Owner Occupied? You get the idea and sequence.
Eat your Veggies
Thanks for reading
Val Exit Desert Ocean Realty
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