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Retirement Advice: How to choose a good Solo 401k provider?

“Be slow in choosing a friend,

Slower in changing.”

Benjamin Franklin

How does this quote relate to your retirement plan? Well, a retirement plan is the only thing that will get you through your golden years and you don’t want to put your these years in the hands of someone who wouldn’t care for your best interest.

Choosing a retirement plan is an important decision for self-employed and regular…

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Added by Dmitriy Fomichenko on June 13, 2015 at 9:30am — 1 Comment

NAR Study says 85% of Buyers and Sellers want video, but only 12% of Realtors even have Youtube Channels

I have heard more than just rumors that Lenders with REO's are very closely looking at how Realtors use video to promote their properties.   Clearly the 85% demand number is going to move our industry.  In fact I know of a growing Brokerage here in San Diego, that is offering video support to the right, hard working, agents as an inducement to join their firm.

This week I am going to be a webinar guest for Woman in Diversified Services.  If anyone has any comments…

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Added by George Kenner on June 7, 2015 at 8:21pm — 3 Comments

The number of foreclosures is about to explode and drive down home prices, yet again!!!

A few different  sources have informed me that we are about to get a significant increase of foreclosure properties. What is being said is that the initiative President Obama put into effect to keep family's in there homes and them from being foreclosed on 5 years ago is about to expire and its time to pay the piper.
 
Is there any truth to this and can anyone shed more light on this subject?

Added by Tom Langjahr on June 4, 2015 at 1:00pm — 13 Comments

Referrals

I am excited to hear about the referrals.  The only thing I miss about working with a franchise is the opportunity to use their referral system.  (I am an independent broker now)  I have tried paying for referrals in the past and have not been successful.  So thank you REO PRO for taking on a referral system that is based on no up front fees!

Added by Phyllis Wagner on June 3, 2015 at 1:20pm — 6 Comments

Foreclosures in Tucson

There are still a number of foreclosures in Tucson. The foreclosing market seems to be heating up a bit. I just listed 4 more foreclosure properties. You can view them all at the link below. Call me with any questions you may have. Thank you.

http://www.lexiclark.com/search/city-182/styp-Foreclosed/disp-LIST

Added by Lexi Clark on June 3, 2015 at 9:18am — No Comments

Have you looked at your Equator bill this month?

It looks as if times are desperate for all trying to nickel and dime us, now its Equator. I typically paid about $65 dollars a month for ZIP codes today I woke up to $511 a month for the same Zip codes. As you can imagine I was not the only one caught by surprise. Contacting support at 9:13AM eastern time I'm still in line for support number 138, 2 hours later. So check your equator bill this morning.

Added by Alex Nova, A-REO, CDPE, RDCpro on June 1, 2015 at 10:30am — 21 Comments

Is the REO industry finally dead?

At some point when i started getting REO's in 2006 i was told by Spring of 2009 it would be all over. Boy they were wrong in 2009 i sold 189 REO's but something was different then. REO's were being traded from one asset company to another and i was sent along the ride with the new companies selling an average of 150 a year till 2014. Now in 2015 the REO's are just drying up with no new asset manager on the block and nobody even making claims that we have a shadow inventory coming sometime…

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Added by Alex Nova, A-REO, CDPE, RDCpro on May 20, 2015 at 3:59pm — 8 Comments

Items that Repel Homebuyers

Items that Repel Home Buyers

The seller’s market that was so prevalent a few short years ago seems to have shifted in favor of the home buyer. Thanks to an overall improvement in the economy and home prices that have risen by 10% or more for the past year, buyers are becoming a bit more selective about their purchase. Here are some items that scare buyers off and what you can do to fix it.

Foul Smells…

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Added by Michael Collins, CDPE, SFR on May 14, 2015 at 9:01am — No Comments

How to choose the best retirement plan for self-employed?

Every small business owner requires a retirement strategy. Do you own a small business? Probably the idea of retirement planning isn’t as enticing as opening another store for your business. According to a survey conducted in 2014, nearly one-third of the small business owners didn’t want to retire whereas a quarter had no plans for retirement. More than one-third said that they would divide their retirement equally between work and leisure. Does that sound like your plans?

Here are…

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Added by Dmitriy Fomichenko on May 13, 2015 at 9:00am — No Comments

Do you know how much your BPO client pays me?

I just received an email request for an exterior BPO due in less than two days (about 42 hours) for $42. I generally just delete these because the fee is too low for me but it just so happens I had an accepted order within a few blocks for another client (for $70, not a rush order). I thought I'd log into their system and reject for fee and see if I could get them to bump it up a little before I drive for photos tomorrow morning. I took a couple minutes to see if the property was listed, had…

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Added by Patrick Willard on May 11, 2015 at 4:51pm — 6 Comments

BPO payment questions

I received a notice from a company that Ca state regulations require that all payments be made to the employing broker or brokerage.  They payment is already low.  For many years all payments go directly to me.  My broker does not care but the logistics of writing a check back to me will be difficult to continue on a continuous basis.

I do not have similar issues with other companies. Anyone has that experience?  They now ask for copy of driver's license.

Added by Sam Shueh on May 1, 2015 at 10:30am — 11 Comments

Getting your Ducks in a Row before Purchasing your Next Home

The real estate downturn of the mid-2000s is mostly over and the market is heating up, with prices rising in all over the U.S. In Wisconsin, the real estate market might be even healthier than in other locales, with new and existing home prices expected to rise 2.4 percent by early 2016. It might just be the perfect time to buy, but before you make any offers, you need to do a little planning to make sure you can pay out over the long run,…

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Added by Michael Collins, CDPE, SFR on April 22, 2015 at 9:17am — No Comments

Wisconsin March 2015 Housing Statistics

Home Sales and Median Prices Grow Substantially in March

The Wisconsin housing statistics are in for the month of March, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


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The Wisconsin housing market grew substantially in…

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Added by Michael Collins, CDPE, SFR on April 20, 2015 at 11:57am — No Comments

7 Tips for finding the perfect Real Estate agent for selling your property

Sometimes you have to search through the fog to find the best real estate agent you can. Here are seven key points you can look at to make sure you stand the best chance of finding that quality agent to help you sell your home. 

  • Look at Reputation – Ask your potential agent to provide evidence of previous listings sold in the past year with…
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Added by Pam Maglione on April 16, 2015 at 9:18am — No Comments

I need some advice please

I just received in the mail an acceptance letter from NRBA saying my application was approved and that all they needed was my annual payment. The funny thing is is that I did not apply to be a member. I would appreciate anyone giving me their honest opinion about this group!!!

Added by Daniel Norwood on April 13, 2015 at 3:59pm — 12 Comments

5 Questions to Ask for Maximum Retirement Saving Benefits with Solo 401k Plan

“Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.”

William Jennings Bryan

Being a self-employed, every professional holds his destiny in his hands. Taking control of your life is the first step towards achieving success and retirement is an extremely important part of life. How do you achieve maximum benefits with your retirement…

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Added by Dmitriy Fomichenko on April 13, 2015 at 9:30am — 1 Comment

Home Staging for home sellers - Is my Real Estate Agent saying my home isn’t appealing?

If you are selling a home, your real estate agent may often tell you the something like – “we have to sell it fast, it’s in your best interests”, “get rid of this chapter of your life and start anew”. “make sure you clean your home thoroughly and give it a fresh coat of paint on the…

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Added by Pam Maglione on April 8, 2015 at 7:01pm — 1 Comment

Cash purchases for Homes in December were at 35% – Will this continue?

 

In December 2014, national cash sales on single family homes made up for about 35% of the total of all home sales. WOW!!  However, if we turn the clock back a year we find the cash sales in December 2013 made up 38.5% of the share; so why is this figure falling and should we be worried by it? Now, I’m not saying that this # is the best gage of the real estate market,…

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Added by Pam Maglione on April 2, 2015 at 12:44pm — No Comments

Wisconsin February 2015 Housing Statistics

Welcome-to-Wisconsin Home Sales and Median Prices Grow in February

The Wisconsin housing statistics are in for the month of February, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


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The Wisconsin housing market showed…

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Added by Michael Collins, CDPE, SFR on March 25, 2015 at 8:17am — No Comments

The Tiny House movement, what's all the hype?

Moving out of a huge house and into a property that is considerably smaller is taking off in the U.S. (as well as in many other countries) in an ever-increasing way. So why do people do it? The average floor space of the typical American home is approximately 2600 square feet, but compare that to a tiny house where the floor space can measure just 100 square feet and no…

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Added by Pam Maglione on March 20, 2015 at 9:43am — No Comments

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