17.05.2016
Welcome to the Coleman Marketing Group Shreveport real estate ultimate guide of how to buy a house with good, bad and ugly credit in Shreveport La.
My name is Antonio Coleman, and I help those in all industries find the answers to questions so they can make simple, quick and educational decisions in life. Every successful investor has a passion for their business and can’t wait to talk to people about it.
These relationships can lead to more business either directly or indirectly through a referral. The biggest mistake that investors make is focusing on themselves and their own needs first, but if you remember that helping someone else is the surest path to helping yourself, you are bound to get lots of benefits from networking with various groups of people.
Finding Real Estate Deals Tip #1: Understanding Why Investors Need To Network Market Networking is one of the most essential parts of a well-crafted marketing campaign.
The overall goal of networking is to promote the business and to educate the widest possible audience on services offered by your company.
Networking opportunities are truly endless and only limited by your imagination and the willingness to interact with people around you. Another good place to network is your local home builders association and apartment owners association.
If you take initiative and introduce them to someone they would like to know or you help them in some way they will forever be grateful to you. The E-book breaks down 27 strategies you can use to build a killer buyers list and get properties sold fast for top dollar! One great addition to the sign on your car, but a little more unusual, is adding a business card holder to your car. One of the most grueling, yet often very productive methods to generating leads is actually walking the streets and knocking on doors. Getting fliers, business cards, and signs up in pawn shops, laundromats, restaurants, and other businesses around town can be very effective. If you really want to step outside the normal techniques, offer a seminar or class at a local library to teach people their options when they are approaching foreclosure, falling behind on their mortgage, or other home ownership risk.
Home owners trying to sell their home often have their guard up against real estate agents trying to get their business.
When making the initial contact your ultimate goal is to contact the FSBO seller using a low-pressure, trust-building tactic and secure an appointment to tour the home. Once you have gained face to face access to the FSBO seller your next step is to tour the home, build trust, and ask for any possible referrals the FSBO may have. By doing so you build a connection with the owner and show them that you are not in it to gain a listing. This packet can contain information on marketing strategies, neighborhood data, or simple real estate facts, but most importantly your contact information.
I can provide you with information to help you sell your home, and I hope that in return you will refer any buyers not interest in your home to me.
Most likely the FSBO hasn’t been having much traffic through the house and some consideration of hiring you is going through their mind. With an 80% failure rate, with all the other three steps successfully completed you might be getting their business soon. By selling your house on terms you will be able to have your house payments made for you every month and be able to walk away with some cash for your immediate needs. 4) If you sold it through the traditional way of a realtor, by the time you pay the realtors commissions, sellers concessions and the discount that the buyer will want in today’s real estate market.
5) You can deal directly with a local Professional Real Estate Investor that will listen to your needs and help structure a sale of your home that will work perfectly for you. Many home sellers in today’s market find these methods of selling their house to be the best option to fit their goals.
A local real estate investor will also be able to make you an all cash offer on your home if you prefer. Your local Real Estate Investor will provide you with fast, friendly, professional service. Easy Home Solutions has been in business since 2007 and has been helping homeowners in similar situations as yours to sell their houses quickly and at a fair price. We are located in Roseland Florida and help people from Titusville Fl all the way to Port St.
What are the advantages of acquiring your furniture, appliances, and other durable household needs from a rent-to-own store such as Rent-a-Center, as opposed to buying them on credit?
You can terminate the agreement whenever you want to, for whatever reason and even after terminating you can pick up the agreement at a later date when you are again financially secure, exactly where you left it- there is no loss of equity. The rent-to-home store delivers and sets up the item at no extra charge; and it will fix or service it during the entire rent-to-own payment period, even extending you a free temporary loaner if the item has to be brought in for service (pick up and delivery of serviced items is also free).
Millions of Americans have experienced one or more blemishes on their Credit Report at one time or another that caused them to lose points off their Credit Score, and most of the time they just learn to forget about it and move on. Fact is not all derogatory information comes off your Credit Report automatically with time, but you can help that process along if you know the steps to take to get the job done. No matter what the reason for the credit problems, you need some important information so you can learn how to deal with the situation now. Once you’ve learned and understand the contents of your report, the next step is to make sure your report is accurate.
Any negative information that is past 7 years on your Credit Report is outdated information. Once the outdated information is deleted you now have a more accurate report and you can expect to improve your Credit Score a few points. Outdated information is one of many topics you’ll learn when you visit the sites I tell you about below.
Learning how to boost your Credit Score isn’t rocket science, but you need to make sure you are taking the right steps to get the results you want. Throughout this article I’ve been referring to a step-by-step game plan anyone can follow on how to boost your Credit Score.
The real estate industry has experienced so many ups and downs in the past and even until now.
Together with the real estate agents, they assist buyers and sellers in achieving their goals especially in getting the best deal possible. These brokers take charge in providing the necessary information about properties for sale, their market value and the documents required in closing the deal. If you’re planning to invest in or sell a property and have not much knowledge on where to start your search, you may want to consult with a real estate broker or agent you know.
On your initial consultation, you should inform the broker or agent right away about what type of property you’re looking for and the price range you want. From there, these brokers will then help you look for properties suitable for your needs and budget.
Once you are provided with several choices, you may request to personally visit the properties to check their condition and location. Keep in mind that you need to be honest about your needs to a real estate broker so they can, in turn, finds the best ways to meet your needs. For your solar panels to be practically sufficient and useful as an energy source, it must be constructed in a particular way. The full details and methods to creating a solar panel are beyond the scope of this article but once you grab a copy of the home solar panel guide and learn how to save money on utility bills with solar energy you’ll be on well on your way to having more money in your wallet at the end of each and every month. We are a well established local marketing company whose job is to help every business owner dominate their local market.
Buying a house with bad credit can be difficult, but it's possible with the help of the Federal Housing Administration and some proactive measures to improve creditworthiness.
To qualify for a conventional mortgage through a private lender, you typically need a FICO credit score of at least 650.
However, prospective borrowers with scores lower than 620 may still qualify for loans under special circumstances or through the Federal Housing Authority. Debt-to-Income Ratio: Often abbreviated as DTI, the lower this ratio is the better your chances of qualifying for a mortgage.
Account Standing: If you have delinquent accounts or accounts in collection, your odds of qualifying for a loan are very slim even if your credit score is OK. Down Payment: The bigger the down payment you can make, the better your chances of securing a loan.
If you have poor credit and you want to buy a home, there are a few steps you can take to improve your odds of qualifying for a mortgage. You can buy a house through HUD with bad credit if you are diligent in your efforts Other People Are Reading. Do you want to take advantage of low prices and low interest rates before they skyrocket again?
People with credit challenges can still buy a home, even now after the subprime mortgage meltdown.
If the lender sees that your financial difficult is behind you, that is one (of several) important keys to getting accepted.
What Works: I have templates of Letters of Explanation for Credit that have been proven to work. Now you see why some people are delighted to learn they qualify for a home loan now, even with a bankruptcy or other negative credit on their reports! The section I quoted from above is a small part of 23 essential pages written for underwriters that do the loan approvals. 1) Don’t waste your time applying with a big national bank, because banks have the strictest rules, and they want to approve only the borrowers with the best credit. 2) Don’t click on Internet ads, because those are lead generation services that sell your information to banks and lenders who are “cherry picking” the best applications.
But if you do have a question after reading, then please feel free to send me an email, and I will personally answer you. When you download the e-book, you will also receive the 23-page credit guide for underwriters free, as a bonus. After reading, if you have a question, I will personally respond to your email, usually within 48 hours or less. Her experience in mortgage retail, mortgage wholesale, and mortgage brokering means she knows all aspects of the mortgage business—including how people without perfect credit get approved for home loans. Rip-Offs and Money Savers (Wiley & Sons) has been in the top five Amazon books in the mortgage category.


As you begin, pause to remember that bad credit is just a phase, it’s not who you are or what you will become.
Perhaps just as important as credit scores are the types of loans available to you as a mobile home buyer.
If the mobile home is a manufactured home built after July 1, 1976 and rests on a permanent foundation and the lot is part of the sale, it is real property and real estate financing may be available.
If the manufactured home is in a rural area, the lot comes with it, and you are a low-income buyer, the Department of Agriculture has a special lending program tailored just for you.
Since many mobile and manufactured homes will not qualify for real property loans unless they are permanently installed, other means of financing will need to be considered. Chattel loan: A fancy word for a loan secured by both the personal property (mobile home) and the creditworthiness of the buyer. Owner financing: With persistence and a bit of luck you may find a mobile home owner who is not only willing but even eager to extend credit to you.
Make sure to research what your state’s maximum interest rate for rent-to-0wn and owner-financing contracts. The plain truth is that your credit can be improved, but not instantly, and not without some work on your part. Please consider letting me feature your remodels, room makeovers, and home improvement projects.
I always recommend that buyers try to go through a private bank or credit union and get approved for a mortgage or even a personal loan first. I’m just a blogger that writes about mobile homes but you should be able to contact a local manufactured home dealer and they should be able to help you. Hi i’m living ina modular home right now with my husband and we would like to purchase it. Honestly, if you can find a piece of land for the home first, I think that would be a lot less stress and hassle for you but I understand wanting to get out of an apartment quickly. This guide will walk you through the many ways of buying and selling a piece of property in Shreveport La. The reason networking can be such an effective avenue is because people you deal with can associate the business with a face and a personality. Broader exposure often leads to new opportunities, prospective clients and new ideas and there’s no better way to achieve this goal than through networking. There is virtually no one you come in contact with that you shouldn’t make aware of what you do and what services you have to offer. At your local REIA you will find dozens if not hundreds of like-minded investors all with different experience levels. The home builders association is a different type of association whose membership usually consists of builders and suppliers. They are an excellent avenue of meeting other professionals that work in real estate and non real estate related fields.
Becoming a charismatic person that people like and want to do business with is not easy for everyone. First, find out as much about the other person as you can and let them do most of the initial talking. Whenever you take time to help a new investor, you’ll find that the generosity will be returned to be many times over in deals they will bring to you. When you attend a networking event you should try to connect with only 3 or 4 new people and find a reason for following up with them. This is the best book you can read on influencing others through the power of effective communication. If you are driving around the city without signs on your vehicle you are missing out on a great opportunity.
You can place it on the edge of the back window, allowing interested people to grab a business card to call you later. Letting people know you are in the business of helping people out of tough real estate situations can get your name spread, and get the phone ringing. Make sure your sign includes tear off phone numbers, making it easy for people to take your number home with them.
You would need to make sure to cover more options than just selling the property to you, but this could be a great opportunity to provide both a community service, and generate a substantial number of leads.
You want to make the seller believe that you potentially have a buyer but you want to check out the house for yourself before you bring in your client. This packet with your contact information is your slick way of making a name for yourself and potentially gaining other clients. Is there anything else I can do to help you?” With a statement like that you leave the lines of communication open and in return the FSBO may market your name. In this step you are dropping off some sort of incentive or a small token of appreciation to the FSBO seller to build trust and maintain contact. The item of value is your way to show the client you value their time, and you are willing to do what it takes to help them move the house. Then depending on the terms of the sale you can receive up to full market value for your house.
It doesn’t matter the condition of your house or what your situation is, they can buy it fast for cash. Our company has over 40 years of combined experience at helping people sell their house fast. Rent-to-own enables you to obtain new, famous brand-name merchandise for a low weekly payment; and you can even schedule biweekly or monthly payment plans if this is more convenient. About half of rent-to-own customers have incomes less than $36,000 per year; and about half own their own homes. Furniture accounts for 40% of rent-to-own and electronics and appliances account for another 44%.
The main drawback for rent-to-own operators is the fact that their operating costs are higher than those of traditional retail businesses, due to the fact that ultimately the merchandise is returned; and also due to the maintenance and replacement costs during the payment period. When you follow the plan outlined at the site below, you will learn how to boost your Credit Score.
Look over your report for outdated negative information and follow the steps outlined in the resources mentioned here to get them removed.
That may not seem like much, but it is quick and easy and a few points can sometimes make a huge difference in the terms you are offered from a lender. Taking no action at all and ignoring the situation can keep your desired outcome further away, and that’s the opposite of what you want to do, right?
But since change is inevitable, the people involved in this sector have risen to the challenges. On the behalf of the buyers, the brokers negotiate for the lowest prices they could get while when working on behalf of the sellers, they negotiate for the highest possible price for the property. While they may have the same function as that of the real estate agents, brokers are on a higher level as they usually have a license to operate their own business or realty office.
They earn a certain commission from the real estate brokers for every property that they sell. You can ask for a referral from friends and colleagues if they know of a trusted and well experienced broker in your specific area to help you with your desire to either buy or sell a home.
You need to tell them as well if you’re bent on getting their services from start to finish.
They usually obtain listings of homes for sale and then compare them with similar properties that were recently sold in order to figure out the most competitive market value. A gauge on what makes a good real estate broker or agent is their ability to identify and provide buyers with the most important selling details. It must be connected electrically to a small horizontal row of photovoltaic cells that you will place underneath the panel on the ground.
Grab a free copy of our free 52 week real estate marketing course that will walk you through the steps of dominating your local market. Prospective buyers with credit problems should focus on paying off bad debts and saving money for a down payment.
That number is flexible and depends on a number of variables, but a score of 620 usually functions as a hard floor for borrowers.
A delinquent student loan account, for example, automatically disqualifies you for FHA loans. Obtain a free copy of your credit report and contact anyone to whom you owe money to settle the account. If you have $10,000 in credit card debt and you make $50,000 per year, your current ratio is 0.2.
The minimum down payment under FHA rules is 3.5 percent, but if your credit is bad, you want to save much more than that.
I don't take applications or "harvest leads." I help people of all credit types avoid ripoffs and save money - since 1999. I have a copy of the underwriting guidelines written by the Federal Housing Administration proving this is true. Just because a person went through a period of financial hardship, it does not mean their application is unacceptable. I am not saying everyone can get approved instantly—I could not and would not make such a promise without seeing your credit report or knowing your situation, including whether or not you have the income to support a mortgage payment. If you are tired of being a victim of rejection and want to be in control, then you’ll want to get your hands on these 23 pages.
Not only is it a waste of your energy, but it also has the potential to lower your credit score when you get multiple inquiries to your credit report. That is why I created an instant download e-book with all the information you need called, How to Buy a House When You Have Bad Credit.
Keep a smile on your face as you go through the extra work necessary to get a loan with less than perfect credit. Here’s how to tell if your dream mobile home may qualify for a real estate loan (mortgage).
If you want to take a do-it-yourself approach to improving your credit then your first stop should be the Federal Trade Commission’s Credit Repair Help Site here. There's not enough inspiration available for manufactured homeowners and I want to change that.
We have our own land and money to pay down, even trade this one in, but both of us have credit issues right now.


First, parks are very strict about moving homes out of lots because they lose money so make sure you have an iron-clad contract stating there are no penalties for moving the home into and out of the park within a certain time frame. One of the great aspects about real estate investing is that it naturally relates across all types of social, economic and professional backgrounds.
These relationships will be very valuable in case you get into land development or serious remodeling work. It’s a very efficient way of establishing new relationships, because everyone has the same agenda, which is to make most possible contacts that can benefit their business. After finding out as much as possible about them, you will usually give them a little 2-3 minute talk about your business and how it can be of service to them. It’s the follow-up component that usually leads to opportunities for you as a real estate investor. Bandit signs have been one of the favorite methods of many investors for getting their phone to ring with motivated sellers. These mobile signs will be seen everywhere you park your car, and when you are rolling through neighborhoods looking for properties. Often when they are walking through the parking lot and see your sign, they do not have paper and a pen. Expect most of the fliers on cars to hit the trash, but you only need a few phone calls and one good lead to make the campaign pay off.
If bandit signs are becoming a burden, try a few of these other techniques to generate leads, and keep your business moving forward. This can be done by giving advice on how to better show the home, perhaps offering advice on how to stage the house, or how to add warmth to a room.
You can slip it in by saying something like, “Thank you so much for showing me your home, I wish you the best of luck in your sale.
These days people responds to incentives, gain the trust and business of someone by offering them something like a gift certificate to dinner or even a free vacation. Even if you don’t get the listing right away you are maintaining lines of communication and even possible leads. At this point in they are starting to feel the pressure of selling a home without an agent, and it’s your job to make another contact to see how things are going. There are options even in this real estate market to help you accomplish all of your goals you have for selling your house. Well you have other options in today’s market to sell your house over a short period of time say 12-18 months or over a longer period of time like 3-5 years. This would be better than selling your house now and maybe having to come to the closing with extra money that you might not have. Your local real estate investor will give you a quick and fair all cash offer for your house. Your local real estate investor will take care of all of the repairs, liens, back taxes, judgments, or whatever else you might be dealing with.
Customers are typically on a budget, and have an immediate need for durable household goods, but not the wherewithal or willingness to take on long-term debt obligations.
The typical rent-to-own store serves about 360 customers yearly, and produces a revenue of over $700,000.
There you will find a site that will lay out a step-by-step easy to follow game plan to boost your Credit Score and save you lots of money.
But this time you want to learn some insider secrets to help you not only fix and repair your credit, but what to do to keep out of harms way in the future, right? As mentioned earlier in this article, not all derogatory items automatically come off your report over time. Exceptions to the 7 year rule are Federal & State Tax Liens, and Bankruptcy, which can stay on your report for up to 10 years, while unpaid Tax Liens can stay on your report indefinitely. You’d be surprised how much outdated information is being reported out there, but you must know what you are looking for and how to remove it. After several years in the industry, though, these agents may choose to obtain a license in order to become a real estate broker themselves.
Financing options may also be offered to you in case you don’t have sufficient funds to purchase the property. These should include the crime rate in the area, accessibility to schools, shops and banks as well as the floor plan of the house.
It also has to be protected from physical damage circumstances like snow, hail, and harsh wind. Fannie Mae, the federally backed corporation that underwrites mortgage-backed securities, won't accept loans to borrowers with scores below that amount, making it very difficult for those borrowers to qualify. Buyers with credit scores over that level can qualify for home loans with down payments as low as 3.5 percent. Paying an account in collection won't remove the black mark from your credit report, but the report will reflect that the debt is settled.
There is one for different financial situations, such as bad credit due to divorce, medical reasons, or other circumstances. So yes, some people may need to take a little more time to build a positive track record or to get employment.
I was spending my entire evenings, often until midnight, sitting at the computer answering these good people. Do not send me an email asking me how you can buy a house with your bad credit until after you have read this information completely through. Your credit score is an assessment of how likely you are to repay a loan in a timely fashion. Most people seeking a loan will find their credit (FICO) score is between 350 and 800, although the possible range is 0 to 850. If you want help,  locate an NFCC approved credit counseling service to guide you through the process. The larger dealers like Clayton have their own in-house finance companies and can get people financed that likely can’t get approved through banks. The only catch is whenever you buy a home on a rented lot you typically need to be approved through the rental company and they often use credit scores.
Here in WV, you’d probably be charged a minimum of $3500 to move a single wide under 50 miles. Network marketing is establishing business relationships for purposes beyond the reason of the initial contact. The primary way to accomplish this is by showing sincere interest in people – who they are, and what they do. Shelter is one of the core human needs, so you should have no trouble initiating a conversation about real estate and finding a common ground for a conversation.
Local landlord associations can also be very valuable and a great source of wholesale buyers for your multi-unit properties.
With tougher laws, more competition, and sellers tuning out the signs, you may need to find new methods for generating your leads.
There is a great resource widely used for Marketing Incentives listed at the bottom of this article. They should also be able to close on your home in under 30 days and in some cases as fast as 7 days!
You will just be relived of all that stress that has been building up about your house and, you will walk away with cash being done with your house. This means there is no credit check required – all you need to show is a residence and source of income. There are presently around 9,000 rent-to-own stores operating, serving a total of three million customers each year. One of the newest and fastest growing segments of the rent-to-own industry is the custom wheel and tire store, typified by Rent n Go rent to own. If he would have had one more point, giving him a score of 700, he could have saved $7,950.00 over the term of the loan. This is because some solar cells are more brittle than others, the more expensive ones being the latter. Buyers with scores under 580 can still qualify for mortgages in some circumstances, but they must supply down payments of at least 10 percent. For starters, on page 2 it tells underwriters to check the borrower’s attitude toward credit. If you decide to go this route, be sure to search for and carefully read one or more rent to own agreements. Make sure to read every word in the contracts before you agree to anything and do not sign anything until a 3rd party has reviewed it – not even a permission slip to pull credit. We didn’t have great credit and was fortunate enough to find a home on a half an acre of land in WV through a private seller. Whether it’s a prospective home buyer, seller, renter, real estate investor, or a private lender, you should let them all know what business you are in and how you may be of service to them. Likewise, we have bought dozens of properties from people we have met at the monthly meetings.
If that is OK with you, may I come and view your home?” The initial contact is a friendly, no-pressure contact where your ultimate goal is for the seller to allow you into their home.
How are things going?” No matter what response you get you want to ask the seller if there is anything you can do to help get their house sold. Fortunately there were several things this customer was able to do, once he knew the techniques, to boost his Credit Score and get a much better rate. More importantly, wouldn’t you like to get started on the path to buying a home now, before prices go higher? All these contacts are a valuable asset to your business, and if you take advantage of opportunities that present themselves from networking, they can also become a significant source of revenue for your business.
They look a bit scammy (or almost too good to be true) because they will say something like $1000 down and owner financed but if you spend a couple hundred on a lawyer to ensure it’s legitimate it can be a great way to home ownership, at least it was for us. You will find that in most instances you are offering a service which is sought after among the people in your close social circles. At various networking events, We have met ad agency reps, media buyers, printers, and a lot of private lenders.



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