Why Some People Cannot Get Home Loans

     Because it is all in the mindset. I have had so many people tell me that they are not ready to purchase a home because they need to get their credit straight. When I ask them what their credit score is and what they need to do, guess what they say...."I dont know"

See, there is no way you can truly know if you can or cannot buy right now if you don't have a professional look at your credit and tell you what you need to do. Surely you don't enjoy paying $1300 or more for rent when you can get a mortgage in the same are for about $1000 a month. In this day and time we have to work smart not hard.

I used to be the same way, the way I got into my home was joking around with a friend of mine about getting a home and seeing who could get in a home first. We were just joking and competing to see who could buy their home first. I'm a sucker for competition and we both got a home (of course I won lol). The point is he thought his credit was bad and I thought my credit wasn't good either. That was in Nov of 2009 and by March 10, 2010; I was a homeowner.

Don't hold yourself back because of fear (false evidence appearing real). You have down payment programs, closing cost help, and credit repair options to help you get into a home.

Won't it be nice to pay a mortgage and know its going to you owning a home instead of financing someone else's dream?

Rent is overrated, its time to own some land and home a own.

If you need help finding a lender I have some options. As a realtor I'll be there to help you all the way.


Til next time,
JC

How To Purchase Your First Home Mortgage Free

I'm sure that got your attention. That's the same way my audience felt when I went over the details at my first Power up event in Baltimore. I showed them how to make their first home purchase and have the mortgage pay for itself.

Even though it seems like its a hard process, its really not if you just apply yourself and get the knowledge you need to make it a reality.

Their are certain steps you have to take which include the following:
1. Get a pre-approval letter from a lender (I recommend using the bank you have your money in now).
2. Choosing a property that has a lot of equity (usually properties that need repair). Also, I recommend a multi-unit.
3. Find out the value of the property after it has been renovated. (Im a realtor that can help with that)
4. Have a contractor that can help you fix up the property (or I can assist with that).
5. Repair the property after closing and live in one unit and rent out a space for a tenant. (check out the average rents in the area you choose)

So, here is an actual example:

Property on 123 Maine st -Purchase Price- $10,000
Renovation costs                                          $85,000

Total Investment                                         $95,000

Here is how the mortgage will be free- Mortgage for this loan would be about $850 a month. If you rent out a unit in your home for $1000 (ex; a 2bd/1 bath). You can pay the mortgage and save the additional $150.

Also, you can save the money that you would usually use to pay mortgage to put in future investments.

Dont let your fear of not thinking your ready stop you. If you are paying over $900 a month for a mortgage, you are ready. Stop building someone else's residual income and build your own. Stay tuned for the next event.

Til next time,
JC

Power Up Baltimore

It's that time Baltimore. With so much going on (with the election, redevelopments, crime), we have to be apart of the paradigm shift that's happening in Baltimore right now. What am I talking about? I'm talking about the real estate opportunities in Baltimore. There are MAJOR redevelopments happenings i.e. Park Heights, Port Covington, East and West Baltimore.

We need to be apart of this change. I mean, why not invest in Baltimore and make some of the money that the developers are going to make anyway?!?!

The way to do that is education, networking and action. I am having a Power Up Baltimore event this evening that is free. We will talk about real estate opportunities in Baltimore, create an action plan, and get to work. There are properties available at a minimum cost that we can purchase, repair and either sell to increase capital or rent out for residual income.

If you are worried about collateral, this is the place to be. We will talk about financing, opportunities, grant programs, vacant lots, etc.

Please feel free to come tonight:
Orleans Pratt Library (1303 Orleans st)
5:45-8pm
Bring pen and paper

Spring Home Selling Tips

Some of you may know that home-buying season picks up in the spring time. Why you ask? Well, because the weather is nice, there are grants programs out there (the money goes fast), tax refunds come, and its the best time to move.

Now there are certain tips you should abide by if you want to sell your home fast and make the best of your listing:

List your home on a Thursday-Most people like to look at homes on the weekend so they view properties on Thursday, which is the highest online viewing day of the week.

Host an Open House- This is a great way to draw people to your home and get people excited about where they are going to live. Also, is a great way to create competition for people and prevents a lot of procrastinating when writing an offer.

Price your Home Right- A lot of time people have an emotional attachment to their homes and the sellers access the value higher than what it really is. Be realistic in your asking price. If you need assistance, talk to a realtor to get a market analysis.

For more information see:

 https://www.redfin.com/blog/2016/03/spring-home-selling-tips.html?utm_medium=email&utm_campaign=1002267_Conversion+-+Estimate+Spring+Seller+Tips+-+Nonclosed+Clients+-+Copy+of+Conversion+-+Estimate+Spring+Seller+Tips+-+Split+2&utm_source=strongmail


Til next time,

JC

How Is Your Network?

     Networking is one of the biggest factors to gain success (if not the biggest). Think about it; in business you need customers to buy your product or service. How can they do that if they don't know your company even exists?

 You must know where the customers are and how to get to them. Also, you need to know where to find the help you need to move forward. There are so many networking events, workshops, and even mastermind sessions that you can go to build your network; confidence is key. You have to be confident in your business, what you have to offer, and why should anyone care about what you are doing. Now I am not saying that you can do it buy yourself because everyone that is successful; has a team with them that helped make it a success. I once read Robert Kiyosaki say "connect yourself with people who are smarter than you". See, just because you have a great idea, does not mean that you are going to know every aspect about how to move it from just an idea, to a successful enterprise. We ALL need help. Here are some resources to get you started:

www.sba.gov
www.wbenc.org
www.goma.maryland.gov

Go to networking events, talk to people, and discover the endless possibilities to growth for economic development

Til next time,
JC

First Time Home Buyer.....Get Free Money

It amazes me that a lot of first time home buyers are still bringing thousands, if not tens of thousands of dollars to the settlement table to purchase a home....WHY?

Ill tell you why; because they do not know about the free money that is available to first-time home buyers. You can get up to $10,000 to help with closing costs/down payment; that money you save can be used to furnish your home; or even leave it in the bank to save and earn interest on.

The goal is to work smart not hard :).

Here is a program that offer money for first-time home buyers:

Maryland Grandslam Program

FIRST BASE:

An interest rate 0.25% below the regular Maryland Mortgage Program rate - Check today's rates!

SECOND BASE:

$5,000 grant for down payment and closing costs from the State of Maryland

THIRD BASE:

$2,500 grant for down payment and closing cost assistance from the City of Baltimore

HOME PLATE:

Waiver of the State fee for a Maryland HomeCredit, which can save the borrower thousands on their federal taxes over the life of the loan​

CONTACT ME TODAY TO SEE WHAT OTHER PROGRAMS THERE ARE

Til next time,

JC

Invest $59 To Make A Million

 How often do you hear someone tell you that and it turns out not to be what you thought it was????

Well, I guarantee you this will not be the same thing. I have been working, researching, and trying to think of a way to not only create opportunities for myself but, others as well. I recently came across an opportunity where I have a network of investors that are looking to make money however, they need people. When I say they need people, what I mean is that they need someone with that great idea, great product, or great service in order to invest their money into.

Now what does this involve you ask?

Well make no mistake about it, this will be something epic. You will have 3-5 minutes to present your product/service to these investors and they will have 10-15 minutes to be able to ask you questions. This one day workshop that I am working on will happen by the end of October or Early November. Also, the workshop will only be open to 50-60 people. Now with this amount of people, everyone will not be able to pitch their idea. The pitch session will be limited to 20-25 people/businesses. Someone recently told me "this sounds like Shark Tank". Well, in some way it maybe; however, the main focus of this workshop is focused on economic development. We cannot continue to move forward as a people if we do not use our resources to be able pull ourselves up from our own condition.

Final thought: You must make sure you have a solid idea. I don't want someone who's gonna say "Yea man, give me $5,000 and I can flip it to $50,000". NO, these are REAL INVESTORS looking for serious minded people. I will be posting an update very soon with confirmation of the date and cost. This is an opportunity like no other.

Til next time,
JC