Funky Math

Mar22
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I just got back from today’s Downtown Caravan and hope I didn’t confuse everyone with my silly math equations. If you were not there, you missed getting to see me brush up on my Mathlete skills from my younger days in Chicago. There appeared to be a few scrambled faces at the beginning of my spiel but, by the end, it seemed as if most people were following along, laughing and even shouting out answers before I could jot the equations on an easel!

By using a little funky math, I was able to demonstrate that, although a client or friend has suffered financial hardship, such as a short sale or foreclosure, there are different waiting periods depending on the type of loan and circumstance in order to determine eligibility. Some clients could be eligible sooner than you think. For example, more money down can lead to shorter waiting periods, 2-3 years, after a short sale. Depending on the circumstances, the eligibility date can vary for both foreclosures and bankruptcy.

The bottom line is that it’s never too early to look back into your database, think about the clients and people you know that went through financial hardships and let them know what’s available for them (and then call me).

I would also like to give a special shout-out to Glenn Erath with Corky’s Pest Control and Affordable Shared Advertisting for coming up with an awesome little jingle to summarize my presentation and humor the audience as well.

Click here to view the waiting periods required for significant derogatory credit events.

 

 

 

Listen to Glenn’s jingle, The ABC’s of Real Estate

A Numbers Game – Presenting at Downtown Caravan 3/22/12

Mar21
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More and more I’ve been enjoying sponsorship at our various Real Estate Caravans throughout San Diego. In particular, my regular participation with Downtown Caravan (related posts), Metro Caravan (related posts) and University City (related posts) has resulted a different approach and talks on the FHA 203(k) Loan Program and Marketing Tips. Along the way, we’ve continued to ‘raise the bar’ with flower/centerpieces to brighten the room and stand out with class.

Tomorrow it’s time to blossom into Spring downtown when I will unveil my new presentation ‘A Numbers Game’. This talk is aimed at helping agents see how to turn yesterdays problem into tomorrows closing.

By the time it’s done, everyone is likely to be confused but at least entertained and certain to have a good laugh and maybe even hear a new song…. Don’t worry, I’ll hand out a flyer at the end with all the details – there’s only so much you can say and digest in 5 minutes.

Panda Inn Restaurant
506 Horton Plaza (top floor near NORDSTROM)
San Diego, CA 92101

    • NETWORKING: 8:30a.m. – 9:00a.m.
    • Pitch: Promptly at 9:00a.m. – 10:00a.m.

Comparing the Standard and Streamline 203(k) Renovation Loan

Mar09
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Just returned from Metro Caravan at Eden and I gotta say, I’m pretty excited about today’s presentation. Corinne, Craig and I arrived early to prepare the room. As the Realtors and affiliates started filing in and getting situated, Craig and I ran through my presentation one last time.

I chose to speak about 203(k) Renovation Loans and the difference between the streamline and standard loan. This is a fitting loan as it allows borrowers to include the price of both the home and home improvements into the loan amount. As a nearby resident, I know the market and could easily see value to Realtors in this area. In the past 6 months, there were 370 sales in the Metro coverage area (92102, 92103, 92104, 92105, 92110, 92115 and 92116) under $700,000. Of those 370 sales, over 340 homes were built before 1970. Clearly, homes built before 1970 could use a little improvement. Why not get a good deal on a home, with a low rate, and include some repairs or appliances such as fresh paint, new flooring, or modern appliances?

I sensed some excitement in the room, pondering the possibilities of a buyer or investor, looking to get a great deal and make some valuable improvements. There were even a few properties in this week’s caravan that were definitely eligible. As the self proclaimed king of the 203(k) Renovation Loan, I’m sure I was able to convince a few agents in the room that this is a loan program worth taking another look at.

Click here to learn a little more about the two types of 203(k) Renovation loans.

Bring the Thunder – Part II

Mar06
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It’s amazing what happens when you are persistent and are willing to take that extra step to help others in a pinch. For the past year, I’ve been schmoozing with all of the Realtors every Friday morning at the Metro Carvan (located at Café Eden in Hillcrest), hoping that I’m not putting all of this time and effort in vain. Today, I was given another opportunity to share my lending knowledge with this group.

You may have seen me presenting at the University City Realtor Caravan a few weeks ago and even learned a thing or two about marketing.  Maybe you even caught me at the Downtown Caravan in the fall.  My goal is to be the preferred lending expert no matter what part of town I find myself or clients in. In order to accomplish this, I offered to sponsor the Metro Caravan. Unfortunately, the soonest I could present is in August. I jumped at the opportunity (to wait) to present at Metro since I have been working with this fine group for so long.

No sooner than had I hit the send button to confirm for August, my phone rang and it was the sponsor coordinator for the Metro caravan.  Unfortunately, this week’s presenter isn’t able to make it and she asked if I could present.  Always ready and having built a team to support my key initiatives, I’ll be talking about how to turn a beat up house into a buyer’s dream home using the FHA 203(k) Rehabilitation loan.

Join me this Friday for the Metro Caravan, where I promise yet again to Bring the Thunder!

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