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Jennifer Griner's Blog – September 2009 Archive (12)

Loan Modifications - The Top 5 Myths

Loan modification is quickly becoming a household word, commonly used and understood by almost everyone. And yet there are many misconceptions and myths about home loan modification that are still commonly held.

Home loan modifications have always been around, but most people don't even know they existed until recently.…

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Added by Jennifer Griner on September 30, 2009 at 4:27pm — No Comments

How to Become a Real Estate Investor with No Money and No Credit

Yes! Believe or not... You can become a real estate investor even in today's real estate market.

There is an old Chinese proverb that says, "Where there is Chaos there is Opportunity".

The time to get into real estate is NOW. During the depression more millionaires were created in that time than anytime before and the opportunity to create great wealth has come around again.…

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Added by Jennifer Griner on September 28, 2009 at 4:27pm — No Comments

The Backyard Wealth founder - The Truth

When you meet me, if your first and immediate impression is, "Tonja certainly doesn't sugar coat much of anything," I will compliment you for being an excellent character judge and personality analyst. Camouflaging or bending the truth has never been my approach, simply because I don't believe that adding a sweetener profits you in any way, manner or form. And I am certain that sugar coating the truth serves neither me nor the planet.

Instead, I… Continue

Added by Jennifer Griner on September 25, 2009 at 11:17am — No Comments

Hump Wednesday Funnies

Visit our collection of Backyard Wealth Funnies for more laughs.

Share the wealth:… Continue

Added by Jennifer Griner on September 23, 2009 at 10:47am — No Comments

Subject-To's vs. Wraparound Mortgages - What is the difference?

Many investors have asked me to explain the difference between "Subject-Tos" and "Wraparound Mortgages."

Both are very useful types of financing that can help you get a deal done when conventional financing isn't possible, without having to use expensive hard money.

Subject-To's (short for "Subject To the Existing Financing") are deals where the buyer purchases a property subject to the existing… Continue

Added by Jennifer Griner on September 22, 2009 at 3:20pm — No Comments

$8000 Home Buyer Tax Credit extended?

Many people want to know if the existing $8000 first time home buyer tax credit that expires on December 1st, 2009 will be extended.

This is a good question.

As it stands, if you don't take advantage of it by November 30th, you will not get the tax credit. If you are still trying to take advantage of the existing $8000 first time home buyer tax credit, the time to act is now.

Here is the good news! There are a five… Continue

Added by Jennifer Griner on September 21, 2009 at 10:57am — No Comments

5 Tips to help investors win the negotiating war over sellers

Negotiating in real estate is a mental and emotional game. The outcome of negotiating over property usually boils down to both parties being dependent on their emotional strengths and downplaying their vulnerabilities.

My first negotiating process over a home did not go so well. I was nervous and I believe that the homeowner was aware of the fact that I was a novice due to my stuttering and twitchy body movements. That was the… Continue

Added by Jennifer Griner on September 18, 2009 at 4:26pm — No Comments

A Post-Foreclosure solution - what do you think?

Question: When homeowners lose their houses to foreclosure, should they be able to stay in the property by leasing it back at fair market rent from the lender?

Cast your vote!

Share the wealth:…

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Added by Jennifer Griner on September 18, 2009 at 9:59am — No Comments

What type of real estate investor are you?

There are four basic types of real estate investors. Let's see which one fits you best.

Safe/secure investors own their homes. Little by little, month by month, they made that first-of-the-month mortgage payment and now they sit atop a very nice nest egg. They don't rule out altogether the idea of investing in properties, but they are extremely uncomfortable about using their house to collateralize another mortgage. To them, the risks will… Continue

Added by Jennifer Griner on September 17, 2009 at 10:32am — No Comments

Hump Wednesday Funnies

Share the wealth:…

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Added by Jennifer Griner on September 16, 2009 at 3:10pm — No Comments

Simply add to your real estate business for more leads and multiple streams of income

Backyard Wealth Franchises are now available!

Limited territories!

Whether you are a licensed real estate agent, investor or an entrepreneur, take your passion of real estate and business to the next level. The Backyard Wealth franchise implements an innovative and proprietary lead generating… Continue

Added by Jennifer Griner on September 15, 2009 at 2:16pm — No Comments

6 Steps - How to Buy a Home with No Down Payment and No Credit

As a result of the housing market bubble “bursting,” lending guidelines have tightened and the mortgage lenders’ requirement of a down payment for the purchase of a new home has put the dream of owning a home out of many prospective buyers out of reach. Can you still own a home without a down payment or credit?

YES!…

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Added by Jennifer Griner on September 15, 2009 at 2:14pm — No Comments