How Can Your Medical Care Business Save Money Without Compromising On Patient Care?

Real Estate Short Sale Investing

Before I begin, you should know my name is Ross Treakle and I interview real estate investors as part of my job.  In each interview I try and pick and pry at each investor to get the highest quality information so that my subscribers can hear up to date, high content interviews.

Below I have taken an exert from the very first interview I ever conducted.  I conducted this interview with my brother, Graham “Mr. Banker” Treakle.  Graham is a short sale investor with special insider knowledge as he has worked in some of the nation’s largest banking institutions. USDA Florida!

 
I always start off every interview asking the speaker to speak briefly about there particular area of expertise.  Below is Graham’s answer to what a short sale is and why banks accept short sales.

“We’ll go over the numbers, Ross. A short sale is pretty simple. If you have a property that’s worth $150,000 and let’s say it has a first mortgage for $100,000 and a second mortgage for $40,000-what that means is the total debt on that property, or the total mortgages, is $140,000. Being a real estate investor, I wouldn’t want to buy a $150,000 house for $140,000. It doesn’t make sense. Housing Markets!

A short sale is when you get the bank to not take $140,000, you get them to take less, like $110,000. The banks are going to do this for several reasons. First, they’re going to have a lot of expenses that are associated with a foreclosure. They’re going to have realtor’s costs, foreclosure costs, holding costs, repair costs-they’re going to have all sorts of fees associated with a foreclosure.

Inevitably, the bank is only going to recoup somewhere around 70% of the value of the property. That’s why banks will take short sales on foreclosures. The natural follow-up to that is, “Why are foreclosures such a hot commodity right now, and why is there a lot of buzz about them?” There are several reasons to that too, and it’s really scaring the banks right now.

The first one is: when I was at the bank and someone had equity in their home and I found out they had equity, I would call them up and say, “Hey, Mr. Smith, I see you have $30,000 in equity in your home. How would you like to get a home equity line of credit?” Or, “How would you like to pay off that car with a home equity loan?”
So banks are constantly calling these homeowners to use equity in their home because there are some potential tax savings in structuring your finances that way. That’s one of the things.  Alabama Rates!

Secondly, inflation is outpacing wage growth. That means what it takes for you to buy milk and eggs today is going to increase faster than how much your earnings are going to increase on average. For instance, if you have someone who’s making $100,000 a year, let’s say inflation is 3% and your raise every year is 1.5%. So inflation is growing at twice the rate your salary is. That’s another component. That means folks are earning less and less, relative to the goods they’re going to have to buy.
The next thing is that a lot of folks may recall this brief refinance boom we’ve been going through, which is pretty important. People went out and got a lot of mortgages called “Adjustable Rate Mortgages,” which have an extraordinarily low interest rate to start, let’s say 3% in some cases. But in a couple of years, maybe two to five, depending on the term of the Adjustable Rate Mortgage, their rate is going to go up, it’s going to adjust upward.

So people went out and bought more house than they could normally afford, or they refinanced, got the low payments, and bought a car that they couldn’t afford if their payment had to adjust upward. What’s going to happen here in the next two to five years is that all of these ARMs are going to be adjusting upward, and that’s pretty critical because people aren’t going to be able to afford them.

They aren’t going to be able to afford them because they didn’t count on it, and also because inflation is outpacing wage growth. All of this sounds great, but you may say, “How is that going to affect my business?” 

Here’s the way it affects your foreclosure real estate business. If you’re in a judicial foreclosure State, where properties that are in foreclosure go through a judicial process before a foreclosure is complete; or a non-judicial foreclosure State, where the properties go through a trustee as they’re going through a foreclosure-you’re going to see less and less equity in these properties. 

So if you know, like I said earlier, that banks are going to take short sales because of the numbers-meaning they have to pay all of these expenses-and the foreclosed properties aren’t going to have a lot of equity in them, you have to be able to negotiate short sales effectively if you’re going to be working in the foreclosure market. 
The foreclosure market represents the most motivated sellers. Traditionally, with motivated sellers, you’ll find really good deals. That’s why banks are going to take foreclosures on the conditions that are spurring on all these foreclosures. It’s an amazing phenomenon that we’re working on right now.

Folks might also ask about a common [inaudible]. Well, what if we’re in a real estate bubble? If we’re in a real estate bubble, that means values are going to go down, which means folks are going to owe more than what their property is worth. Again, negotiating short sales is going to be critical to your success in the foreclosure business. If we’re not in a bubble, that’s fine too.

We already [backed out] the numbers; still negotiating short sales is going to be critical to your real estate business because people are borrowing up to, and sometimes above 100% of the value of their property. Whatever way you slice it, as far as having a skill, negotiating short sales is probably, in my opinion, one of the most lucrative skills that someone can have as a real estate investor.”

I hope the above information gives you some insight into the world of real estate investing and short sales.  Graham has worked very hard at becoming an expert on this topic and is a resource you should inevitably add to your business. 

We are already slowly entering an era where everything is convenient and intangible and that is the Digital Era. Many assets and innovations are made every single second and one of those is digital currencies like Bitcoin. 

So what is Bitcoin? Before diving deep into the famous digital currency, we should learn the aspect of this cryptocurrency and what it is. Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.

Since the time it was made and developed, it has become the most well-known cryptocurrency in the digital world. Its popularity has inspired the development of many other cryptocurrencies and they also started to create their crypto projects with goals and marketing. 

These competitors either attempt to replace it as a payment system or are used as utility or security tokens in other blockchains and emerging financial technologies for the benefit of the company they are holding and to increase their financial status.

What is Bitcoin used for?

For the series of credit card networks like Visa and payment processors like Paypal, Bitcoin is a legitimate property owned by no one and by any individual or company. 

Which makes Bitcoin the world’s first completely open payment network which anyone with an internet connection can participate in anytime. Bitcoin was designed to be used on the internet and doesn’t depend on any central banks or private sectors and companies to process transactions and because of the Blockchain technology, every process made is in a cryptic digital document that makes every transaction incognito.

What is the main purpose of Bitcoin?

As everyone knows, Bitcoin is a digital currency which can operate free of any central control of a country or the authority of banks or governments. Instead, it relies heavily on peer-to-peer technology like Blockchain and cryptic software.

Bitcoin was purposely created as a way for people to send money or trade goods and services in the digital world. The famous digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies to make a trade, buy and sell digitally and to cover any crypto projects of a starting business. That’s why any business that makes digital marketing makes a profit and earns in bitcoin as a currency digitally. Bitcoin is the key factor for any digital marketing for crypto projects as a sustainable asset.

Can you exchange Bitcoin for cash?

As a form of digital asset and digital currency, Bitcoin can be exchanged for cash just like any asset in the real world. There are numerous cryptocurrency exchanges online within any Blockchain and any individual or company can convert their gains into cash or fiat money.

The cryptocurrency Bitcoin is built on a distributed technological advance ledger called a blockchain. It should be known that Blockchain is a linked body of data, made up of units called blocks containing information about each transaction that has been made within the block and contains all the information with matching unique identifying codes for any individual who made the transaction.

For more information, visit:blockrunners.io

1. Conserve approximately 50% monthly on convenience cleaner fabrics by cutting them into half, i.e. dryer conditioner fabrics, deal with cleanser fabrics, etc. Cost savings:$ 5 monthly
2. Find more thoughtful presents and purchase when the product is on sale, purchase birthdays and holidays throughout the year not at the time of the events. Cost savings: $10 monthly
3. Bring your lunch to work once a week instead of eating in restaurants. Cost savings: $7 x 4 weeks = $28 monthly
4. Do not go to the coffee bar on the weekends. Cost savings: 2 check outs @ $2 = $4 weekly x 4 weeks = $16 monthly
5. If you carry a balance on your credit card, and you’re only able to manage paying the minimum monthly amount, pay weekly installations instead of one monthly payment. If you owe $100 per month, pay $25 per week. Since credit card companies accrue interest daily on your balance, paying only once a month is a big hinderance to your financial health. Cost savings: $10 – $100 monthly (or more!).
6. Instead of a household night out, consider having an old style picnic together or a bike excursion. Suppressing entertainment costs doesn’t suggest suppressing the fun. Cost savings: $25+ monthly.
7. Spend a day cooking meals that can be frozen for later use for your family. Once a Month Cooking, a book by Mary Beth Lagerborg and Mimi Wilson, includes grocery lists and dishes to prepare and freeze a month’s worth of food for you and your family. Not only are you able to buy the food wholesale, this approach avoids having to throw away any spoiled food. Cost savings: $50+ monthly.
8. If you are a regular monthly book buyer, stop the routine and visit your library instead! If you insist on buying books, purchase it used at your local store or online at merchants such as www.half.com or www.amazon.com. Cost savings: $5 – 15 monthly.
9. Use cheaper gas. If you live in North America and have Internet access, you have the ability to search for the most affordable gas rate in your area with Gas Buddy, www.gasbuddy.com. Cost savings: $5 – 15 monthly.
10. Utilize two-for-one vouchers when eating in restaurants; search for these in local newspapers, leaflets, and in your “junk mail.” If you are a group of four or more individuals, consider buying dining certificates at Restaurant.com, www.restaurant.com. After choosing your city and state on the Website, you will given a listing of dining establishments competing for your dining dollar! Cost savings: $5- $50 monthly.

Extra tip: When devices break, you do not really need to buy original equipment manufacturer parts. There are several high quality replacement parts created by specialty manufacturers that many times are much better than the original and less costly. This is one company that makes restaurant equipment replacement parts:

• biro parts
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