Sunday, March 02, 2008

Recording of Saturday's Think Tank for Investors


From: ChristineHarvey@ChristineHarvey.com
Subject: Recording of Think Tank Call, from SATURDAY: Opportunities and Roadblocks We Face as Investors

If you missed the call yesterday (or want to listen again,) here’s the recording call in number. You can just call and listen to the whole think tank- ignore the first couple of minutes of chaos while the recording was getting set up.

RECORDING CALL IN NUMBER: 1- (641) 715-3409, Access Code 27-41-33#

Here are the important points covered:

  1. Jan Thurman, Mortgage Broker for 28 years, email me if you want her contact info.
           –2 better ways to sell a house than lowering the price.
            - 4 levels of healthy/non-healthy markets including the distressed markets where some lenders won’t lend
            - How to sell through financing benefits alone
            - comments from investors

    2. Tom Harvey, from EconomyGuy.com
            - How to predict what interest rates will do, short and long term, variable and fixed
            - Recession, July 1 we will know
            - inflation and recession at the same time – worst of all worlds
            - Fed 60 B loan auction every month
            - 98 B in gold being partially sold off by IMF
            - how and where to buy gold and currencies
            - comments from investors

    3. Investor idea, from Liz Uible – rent rooms out if you can’t sell or rent the investment single family. Special thanks to Adam, Margaret, Paul and Shannon for your comments and questions.

    4. Resources mentioned during call: Gold and Silver broker used by Christine – Dave Schneider at Monex - 800-949-4653, x2270. Other resources mentioned = GoldMoney.com, a company in the Isle of Jersey that allows you to open an account, the value of which changes with the price of gold, insured by Lloyd’s of London. For a list of banks and the interest rates they pay, go to BankRate.com

I had such a good time doing this call, and so enjoyed hearing everyone’s voices and ideas, that I might do it again in the future. It’s important that we take advantage of our collective mastermind in these turbulent times - and maximize our synergy.

If you would like to invite your business partner, spouse or colleague to hear the recording, please do so. Just forward this email to them so that they have the recording call in info.

All best,
Christine Harvey
ChrisitneHarvey@ChristineHarvey.com
ChristineHarvey@WomenForWealth.com

Terms and Conditions of Participation: All participants of phone conferences or curriculum agree that, by virtue of their participation, they take full responsibility for their own actions and decisions, and do not in any way hold statements made, or information given, by other participants or organizers, as advice upon which to be acted, and further in their participation, hold all parties harmless.

PS Here’s the original email below for your reference...
_____________________________________________
Hi Friends,

I’ve been asked by some of our members and friends to host a call this SATURDAY to share opportunities and roadblocks we face as friends and investors. Hope you can join us and pitch in your views!

Tom will join us too, with points from the EconomyGuy.com . Let’s help everyone get their act together and take advantage of our collective mastermind in these turbulent times. I thought you would like to join us to maximize our synergy.

Here are the details:
DATE: Saturday, March 1st
TIME: 9am Pacific USA, 12 noon Eastern, Evening Europe and South Africa

CALL IN NUMBER: 1- (712) 775-7000, Participant Access Code 27-41-33#

CAN FRIENDS CALL IN TOO?: If you would like to invite your business partner, spouse or colleague to join us, please do so. Just forward this email to them so that they have the call in info.

AGENDA FOR DISCUSSION:

  • Important changes in mortgages

  • Market conditions for investors

  • Growth and protection of assets

  • The Economy, and the Fed with interest rates – Tom, (the EconomyGuy.com) will update us

  • Questions and discussion

All best,
Christine
ChristineHarvey@ChristineHarvey.com,
ChristineHarvey@WomenForWealth.com
______________________________________________
PS. Here’s my previous email which prompted this call...

1. If you have property to sell, here are some pointers from a mortgager broker we talked with this week...

Rather than reducing the price, you could offer Seller Assistance in the form of a 6% contribution to the buyer, which then goes to reducing their mortgage payment the first couple of years.

2. He also suggested raising the buyer’s brokers commission one point and giving a credit for custom counter tops and tile flooring.  He was most helpful - our meeting lasted 2 hours and he came highly recommended. I’d be pleased to share his name if anyone needs him. If you have more than 10 loans out there in your name, he has other sources of funding and more creative ways to sell property than any other mortgage broker I’ve worked with.

3. Last week we attended a Maui Millionaires Foreclosure Workshop run by David Finkel, learned much and exchanged many other interesting points with the attendees. Banks are taking back properties left, right and center now, but it’s only the tip of the iceberg. So if you have property to sell or rent, it’s probably a good idea to do anything you can to get it moved now, BEFORE the competition gets even more fierce.

4. Bulk purchases are becoming the thing now for single family houses. Banks are selling them for 65 cents on the dollar, while other investors are claiming to sell them for 25 and 30 cents on the dollar. I was told that in Maricopa County/Phoenix, there were about 2000 bank owned properties that went to the auction block LAST MONTH and only about 200 were purchased. That means that 90% of those properties will still sit on the books of the bank, and they MUST get rid of them some way – thus the bulk sales. As you may have heard on the news yesterday, 25 of the old timers who worked for the government during the 80’s Resolution Trust (RTC) days when they sold homes from Savings and Loan Portfolios at huge discounts, are BEING HIRED BACK!!! You can read yesterday’s EconomyGuy.com online for more info on that one, but hang onto your hats, and get your property moving now.

5. Let me know if you want to share more info on this subject. I’m thinking of organizing a conference call in the next few days – maybe Saturday morning – so that we can share info about opportunities and roadblocks we face as investors right now. So watch for an announcement after I hear from you.

All best,
Christine
ChrisitneHarvey@ChristineHarvey.com
Why not forward this to another person who can benefit – you’ll be helping them AND the economy at the same time!
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Terms and Conditions of Participation: All participants of phone conferences or curriculum agree that, by virtue of their participation, they take full responsibility for their own actions and decisions, and do not in any way hold statements made, or information given, by other participants or organizers, as advice upon which to be acted, and further in their participation, hold all parties harmless.

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