Tuesday, July 12, 2016

Real Estate Mortgage Payoff - Part II

About a week ago, I posted that I wanted to pay-off my equity line turned second mortgage.
And, I want to do it by negotiating a smaller payoff deal.  Since Shellpoint Mortgage acquired my loan at a discount, I wanted to share in that discount.

They originally sent me a full pay off timetable.  But, since they seem to NOT understand what I am asking, I made a counter offer.  Since, they have not responded.

Anyway, I had to emailed them through their website since their telemarketers are NOT knowledgeable about the loan business; and they truly have no authority when it comes to real mortgage questions.

Anyway, my counter was met with the response that their Loan Services Personnel are NOT allowed to contact debtors directly.

Say, what?!

All I want to do is to write a check -- or set up a wire transfer -- for a final payment that we can negotiate fairly.  I know that there is an acceptable amount to both parties other than the full loan amount that I owe.

I think it's only fair since they acquired my loan at a discount -- most likely 25% of the loan amount owed.

How do I know I can do this?

Well, you see -- most of my clients are in the real estate investment business.  They acquire a lot of their property from said lenders who have "bad loans." My clients buy these loans and then foreclose on the property.  And, they buy these loans at a discount.

And, since late 2008, this has been happening all over the US.

Anyway, I saw this article about home owners equity and how people are NOT taking equity out of their homes (smart) and thought it interesting.  (It's been ten years since I did that and now wish I hadn't.)

http://www.cnbc.com/2016/07/12/owners-could-pull-another-260-billion-out-of-their-homes--heres-why-they-arent.html

Hopefully, Shellpoint will get their heads out of their derrieres and give me a call.

Please enjoy!


Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Saturday, July 9, 2016

Las Vegas Restaurant offered at an +/- 8.4% Cap Rate!

This may or may not be your cup of tea, but it is an investment worth a second look.

Popular China Star Restaurant located on Craig Road and very, very near a Wal-Mart Superstore.

Investment Summary:

Offering Price:                   $1,990,000
NOI:                                    $166,320
Cap Rate:                           8.36%
Lease Term Remaining:   10 Years (This is excellent for a free standing investment.)

Location:                            Very busy retail corridor in North Las Vegas, NV 89032
 Home Depot Anchored Shopping Center Pad

Sale Highlights

•             Safe & Secure Investment:  Tenant's been at this location since the property was built in 2007
•             NNN Lease (No Landlord Responsibilities!)
•             Over 10 years remaining on their initial lease term!
•             Home Depot Outparcel: Located in a very busy retail corridor/district
•             Adjacent to anchors: Home Depot, PetSmart, and Office Depot.
This has excellent exposure on high traffic Craig Road -- which is one of the busiest east/west
thoroughfares in the Las Vegas MSA.
Shopping Center has its own signalized intersection!



I Googled Earth this site, and there are major retailers in this area including Walgreen’s, Walmart, Target, as well as Home Depot and Office Depot.  Albertson’s is across the street.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Tuesday, July 5, 2016

Trump's Ignorance of International Trade Just Cost Me Another Potential Transaction!

It has become a theme that won't go away.

And the reason it won't go away is that most White middle-aged American Republicans are prime for Donald Trump's hateful, bullying rhetoric.

They swallow his message without even giving it a second thought.

For your information, China has NOT raped America!

China didn't twist any arms; China didn't even do anything illegal.  They just had a large pool of people willing to work cheaper than American workers were.

So, if anyone is to blame for China becoming the world leader in manufacturing, it is: wait for it: White, Middle-aged American Republicans!

Too close to home to place the blame?

Oh, well.  If Americans were more willing to work at less money, then the CEO's wouldn't have moved the jobs to China.

And, Congress is also responsible for this debacle.  They reduced the import tax/fees on goods manufactured outside the US.  This was done so White Middle-aged Americans could buy the cheaply made Chinese goods at low, low prices, too!

So, don't like China having all those Jobs?  Well, you know what you have to do to get them back, right?

Unfortunately, that is not going to happen.  Americans won't work for almost free.  And, Americans do care about the air they breathe -- even though they say they don't like the EPA regulations; and, obviously, they care about the water they drink; and the food they eat.

So, Mr Trump, insulting China is idiocy.  Bullying other presidential candidates can be viewed as one thing; but bullying an entire nation or a major religious faction is NOT presidential.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes






Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes