Millions of Americans have been stunned by the speed with which their personal economies have changed with the current economic realities.  This downturn gives real estate investors everywhere a golden opportunity to have genuine teaching moments with their kids by giving them solid financial literacy information and advice that can give them a jumpstart in leading a successful life.
As critical as it is to teach your kids about money, it’s also imperative that you lay the groundwork for success in life by giving them the tools and the confidence necessary to accomplish their hopes and dreams.  The news is filled with lots of really scary financial topics that have adults shaking in their shoes; the problem can be even worse for your kids.  Here’s an easy-to-implement blueprint for success:
Empower Your Kids to Succeed by Building Their Self-esteem – Study after study tells us that kids who feel good about themselves are more confident and that they tend to go further in life.  By taking the time to spend with your kids and do fun things together you send the message to them that they have value – to you and the rest of the world.  Help them to build self-confidence every chance you get.  Not only will it pay off big-time now by cementing your relationship with your kids, it will pay off later in life when they need the self-confidence to know that financial decisions can be made – and that they CAN succeed in whatever endeavors they put on their “to-do” list.
Teach Them to Dream Big – Real estate investing is all about having a dream and the courage to see it through, even when the going gets tough.  By instilling in your children the importance of dreaming big you’ll teach them that no mountain is too high to overcome.  This will be critical to their success in life, whether they choose to follow you into real estate investing or they choose to go their own way.
Goal-setting is Great – Teach your kids from a very early age the importance of setting – and reaching goals.  You can start teaching this simple concept at almost any age, but the younger they are when you get started, the better off they will be.  You may have a youngster who wants to raise money for a new bicycle.  While you may be tempted to take out your credit card and just pay for it, let them set a goal and then help them devise a strategy to raise the funds.  They’ll learn a ton from this exercise – and no two wheels ever turned so smoothly or as fast as the wheels on a bike you’ve paid for with your own hard-earned money.
Introduce age-appropriate financial concepts – Cash is King to a real estate investor and you can begin laying the groundwork for a solid financial future by explaining the importance of letting your money work for you, instead of the other way around.  What you teach your children can vary depending upon their age.  For instance, you might want to teach your eight year-old how to prepare a simple budget by setting money aside on a weekly basis out of their allowance in order to save for an “expensive” item.  If your child is a teenager, you can explain the importance of not relying on credit cards to finance luxuries that are beyond your means.  Regardless, instill the importance of saving and giving back by teaching them to bank 10% of all cash they receive and to donate a minimum of 10% of their income to charity or your church.
Don’t be Afraid to let them fail – One of the hardest things a parent can do is stand by while their children fail.  While difficult, resist the urge to “kiss it and make it better” when your kids make financial blunders.  No lesson is learned as well as one that causes us some pain.  While financial pain can hurt, it’s better to let your children learn these lessons at an early age when tens of thousands of dollars or their credit rating aren’t on the line.  Later in life they’ll thank you for it.
These lessons can really do a lot to prepare your kids for success in life.  By laying the groundwork now you’ll prepare your kids to reach for the stars and to succeed in all of their endeavors.  Their financial success will help them to lead much more enjoyable, productive lives.  Your enduring legacy can be that you taught them well and that they carried out your instructions to help make this world a better place!

Want your kids to learn the principles of being a successful entrepreneur for FREE?  How to manage money? Invest  in Real Estate? Bring them to Wealth Camps Young Entrepreneurs in Training on May 30-31, 09! Go here for the details:

http://www.wealthcampseries.com/yetclub.htm

http://www.wealthcampseries.com
Charrissa Cawley has a long standing reputation for excellence as a gifted speaker, real estate trainer and wealth coach. Her strength lies in training entrepreneurs in the areas of real estate, investing and financial literacy. Her passion is bridging the gap between learning and doing. She has helped thousands of entrepreneurs all over the world seeking financial growth by equipping them with the tools, resources and specialized knowledge to succeed.  Charrissa offers accurate and proven strategies to investors of all different levels and is the founder of www.reiconferences.com, one of the fastest growing real estate investment training organizations in the US in addition to www.rewexclub.com , the top rated Real Estate Investor Community on the web today.

Blessings!

Charrissa Cawley

P.S. Want your kids to learn the principles of being a successful entrepreneur for FREE?  How to manage money? Invest  in Real Estate? Bring them to Wealth Camps Young Entrepreneurs in Training on May 30-31, 09! Go here for the details:

http://www.wealthcampseries.com/yetclub.htm

http://www.wealthcampseries.com

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Hi there! Hope you had a great weekend!
I spent mine with my family-were just waiting on
this third little girl of ours to arrive-wondering
is she’s ever going to make her debut into this world:)
Being over 9 months pregnant is certainly taking its toll on my energy level-thats for sure!

Two things:
I have something for you as a special thank you for being
my client. I appreciate you and just realized it may have been some time since I told you.
I wanted to give you a little something special from me to you, no strings attached of course:

http://www.reiclientappreciation.com/

Also, something I came across that I thought might interest you
or someone that you care about…Good news!

It’s information on the Federal $8,000 First Time Home Buyer Credit-pretty incredible stuff.

http://www.federalhousingtaxcredit.com/2009/home2.html

http://www.irs.gov/newsroom/article/0,,id=206293,00.html

Just FYI…You can still close on a home anytime in 2009, and even if you have already filed your 2008 return, file an Amended 2008 return and get your $8,000 check yet this year…
Just thought you might be interested or know someone that this could help!

Talk to you soon.
Charrissa Cawley
http://www.REIconferences.com

P.S. Get your tickets to my next LIVE training here before they are gone-were more than half sold out already:
http://www.wealthcampseries.com/special
I would love to see you!

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REOs are poison to financial institutions, restricting their ability to lend money on properties and help them to improve their financial situation.  Things have gotten so bad for many of these banks that – even though they’ve gotten a boatload of money from taxpayers – they need to raise cash fast to prevent their collapse.

This is great news for real estate investors who are poised to jump at the chance to snag these properties at fire sale prices.  If you’ve been sitting on the sidelines waiting for the perfect moment to jump in the game, the time to lace up your shoes has arrived!

Financial institutions need cash and they need it now.  Quiet discomfort over their situation has turned to sheer desperation as the government has gotten increasingly proactive in taking control of any institution they feel is too weak to stand on its own two feet.

Buying an REO property involves making the right moves at the right time.  Now is the time.  In order to avoid having to possibly fork over control of their institutions to the government, lenders are increasingly screaming, “Yes!” to offers they would have rejected with a sneer just a few weeks ago.

Don’t let your lack of knowledge stop you from positioning yourself to retire wealthy beyond your wildest dreams within the next five to seven years.  This is the time seasoned investors have been waiting for, so your time is now.  To learn all the insider tips, tricks, and cutting-edge strategies you need to secure your financial future today, point your browser to www.rewexclub.com and sign up for a $1 trial membership.  If you like it and want to continue for only $97 per month after your trial ends, that’s great.  If not, cancel with no hard feelings.

You can click your heels together all day long and get nowhere – or you can pony up the cost of a cheap dollar menu burger and change your life.  The choice is yours. Which will do more to help you survive long-term – a heart attack in sack or all the tools you need to build the future of your dreams? www.rewexclub.com

Blessings!

Charrissa Cawley

www.REIconferences.com     

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Hi there! Happy Easter! I hope you have had a blessed day!

My family and I have really enjoyed our time together in celebration

of Easter this afternoon! Here’s a pic of us enjoying a

beautiful day!

 I just remembered something I wanted to let you know about too:

There is this great new funding source I just stumbled upon and I wanted

to share it with youm as I know many of you are looking for funding

right now!

It is www.pertuitydirect.com

You should check it out-some great lending options!

Also, I just wanted to addreess this real quick.  I have been getting literally hundreds of requests to do another LIVE Coaching Series which I have not done in some time now, but Im opening one class and one class only as of tomorrow and registrations will start being accepted tomorrow morning at 9am CST! This is my 6 week personal group coaching program that has been closed for the past 6 months. I can accept only 6 students total out of my 85,000 client database, so if you want a spot in this exclusive “by application only” program that has not been open in months and won’t be open again anytime in the near future, Call Jaime after the program opens tomorrow at 9am CST at 888-250-6616 ext 705 for details.

I look forward to working together to help you achive your investing and money making goals in 2009!

Charrissa Cawley

www.REIconferences.com

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Real estate investors just getting started have one thing in common: Many times they have the raw knowledge it takes to get started, but they don’t know what series of steps to take today in order to build real, sustainable real estate wealth that will allow them to reach their dreams.

Every investor is different.  Some are conservative in nature and they prefer to take a series of baby steps that will eventually culminate in one or two profitable deals.  Others want to immediately dive into the deep end and fully immerse themselves in real estate investing so they can reach their goals much more quickly.

Regardless of which investor profile best describes you, one single solution can accomplish both goals.  Either way, you’ll reach the success you seek much more quickly, without having to endure the myriad mistakes, pitfalls, and sidetrips that the average investor typically makes on their road to success.

My real estate inner circle, at www.rewexclub.com provides that direct pathway to success.  Imagine being able to look over my shoulder and watch me put together winning deals so you know exactly what goes into profitable deals.  That’s just one of the many shortcuts to success my inner circle members have at their fingertips.

Successful real estate investing isn’t rocket science.  It is knowing what specific series of steps need to be taken – and in what order.  Once you know the steps, you can make them yourself, while you reap the financial rewards available in today’s real estate market.

So how much does this knowledge cost?  How’s $1 sound?  For a buck – the amount you’d expect to spend on something on McDonald’s value menu (or a share of AIG stock) – you can take a 30 day spin around the block.  30 days to put all the available investing tools, tips, and secrets to good use in your own investing life.  If you like it and want to continue, that’s great.  If not, that’s fine, too.

Either way, you owe it to yourself and your future success to see how you can shift your investing career into high gear today.  So head on over to www.rewexclub.com and join my inner circle of dedicated, success-minded investors and stake your claim to success today.

Blessings!

Charrissa Cawley

www.REIconferences.com  

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Chicken Little may think the sky is falling, but seasoned real estate investors know that today’s market – while challenging – is also the kind that can create generational wealth that has the potential to change lives and futures.

Whether you’re a well-traveled and seasoned investor or you’re testing the real estate investing water for the first time, one of the smartest things you can do in today’s market is explore the very real profit potential available in foreclosures.  For it to work, though, you have to know how much to offer in the first place.  If you know that, you’ll know at a glance whether you and a troubled homeowner might be able to come to terms on a purchase – or if you’d be better off walking away.

There’s a simple formula I recommend you put into play today.  It’ll make your life easier and will make foreclosure investing decisions as easy as hitting the “enter” key on a calculator:

ARV (After Repair Value) X .60 – Repairs = Maximum Offer Price

Here’s an example:

ARV $140,000 X .60 = $84,000 – Repairs ($20,000) = Maximum Offer Price $64,000

Keep in mind that this isn’t what your opening offer should be.  You’ll need to leave yourself some wiggle room for the negotiations that are sure to come.  Even the most motivated seller will try to negotiate on price, so always begin by offering less.  Then you can increase your offer price until you hit your ceiling.  If they accept a lower price, you have even more cash to pocket when you refinance – or equity if you decide to hold the property.  If not, you’ll know when to walk away from the deal.

Either way, you’ll know early on whether the property is worth taking a second look at.  There are obviously other factors that will weigh heavily on your ultimate decision as to whether to buy the property or not, but this at least gives you somewhere to start.

So grab your trusty calculator and crunch the numbers.  There are some great deals out there.  Find them today and turn massive profits tomorrow!

Blessings!

Charrissa Cawley

www.REIConferences.com

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Did you hear?  Here is the scoop: This is hot off the presses, directly from Fannie Mae’s website. Apparently Fannie Mae has reconsidered the loan limit for investors.

Fannie Mae will allow investors to hold 5-10 mortgages and still get Fannie Mae backed loans. This apparently will start as of 3/1/2009.

The reserve and qualifying criteria for the 5-10 loan range will be more stringent, as well as the down payment requirements. This change still is a MAJOR improvement over 4 properties. This should make a real dent in the uptake of the excellent deals available in some markets by experienced investors.

Announcement 09-02, Updates to Multiple Mortgages to the Same Borrower Policy,
Reserve Requirements, Reserves Definition, and Form 3170.

1) full Doc

2) Min credit score 720

3) Max LTV 75% for SFR and 70% for MFR for rate and term

4) Max LTV min cash out ($2,000) 70%

5) 6 months PITI plus the current and 6 months reserves piti for all other properties

You can click here for all of the details:  http://www.reiconferences.com/files/fanniemaechanges.pdf

Borrowers are going to need great plus cash reserves to get these programs, but the bottom line is that 2009 is already looking better than 2008 for investors! Every little victory counts!

To Your Success,

Charrissa Cawley

www.REIconferences.com

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With all of the challenges in today’s world, success as a real estate investor can seem like a faraway dream with little hope of ever coming true.  Don’t be discouraged if you haven’t tasted the thrill of victory yet because it’s never too late to change your course – or your destination.

It starts with making a commitment to your future and undertaking a series of proactive steps to move you in the right direction.  The path to success involves multiple steps:

·         Mental preparation

·         Proper education

·         Support

·         Skilled Coaching

·         Business skills

Can it all seem overwhelming and more than a little daunting to someone who has never stepped out of their comfort zone and tried something new, empowering, and life-changing?  Absolutely.

You need a support system and a plan for reaching your goals.  That’s never been truer than it is today.  At every turn it seems there are barriers to your success that are destined to knock you off track and derail your best-laid plans.

So get the rock-solid education, training, and support you need to succeed.  Your future financial independence depends upon the important decisions you make today.  Get a roadmap for success today at www.rewexclub.com that will lead you to the giant ‘X’ that marks the spot where the first of your real estate riches is buried.   

Pick up the right tools for the job and ride the rail of success.  Change your life today!

Blessings!

Charrissa Cawley

www.REIconferences.com

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While it’s impossible to assess this early in the year exactly what the markets will do, you can still move yourself closer to your eventual goal of overwhelming financial success by focusing on a few strategies that are a good fit based on current market conditions.  Then, if conditions suddenly change, you can quickly shift gears on the fly and refocus your investing energies in a way designed to maximize your profit potential.

Now isn’t the time to indiscriminately buy property without knowing ahead of time what you’re getting into.  The days of blindly buying property without a plan, a focus, or a goal are gone for the foreseeable future.  Investors that violate this common-sense principle are commonly referred to by another term: Broke – or if you prefer – destitute.

Three winning real estate investing strategies for 2009 are in the exciting areas of wholesaling, foreclosures, and shortsales.  The reason for this is simple.  Millions of people are stuck in bad loans, dire financial circumstances, or are staring at the possibility that they could be laid off or see their jobs shifted overseas.  This means that lots of people are screaming out for help – the kind of help you can give them now to help them avoid lasting credit damage or the potential for bankruptcy.

If you’re running a little short in the knowledge department in these three techniques, then you really need to make the early part of 2009 all about you – your hopes, your dreams, and your education.  Getting a handle on your hopes and dreams will focus your energies in the right areas and will motivate you to take the proactive steps necessary to achieve them.  Then you’ll have the incentive to get serious about learning how – how to do a short sale, how to buy a foreclosure, and how to make big bucks wholesaling real estate.

Where you live doesn’t matter, as long as you can log onto the Internet and you have access to a telephone.  You can capitalize on all three of these winning real estate investing strategies for 2009 and you can do it from the comfort and convenience of your own home – and you can do it virtually.  So stake your claim to the untold millions of dollars in real estate profits just waiting to be picked up by investors with the know-how and the skills to get it done.  Don’t know how?  We’ve got you covered.  Just go to www.REIconferences.com and we’ll take care of the rest.  Make 2009 a watershed year for you and your success.  Do it now.

Blessings!

Charrissa Cawley

www.REIconferences.com

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Are you just getting started as a real estate investor and concerned that your dwindling bank account balance might make investing in today’s economy a pipe dream?  If you are, listen up, because bargain properties are everywhere if you just know where to look – and where you live doesn’t matter.

Banks are foreclosing at an astonishing rate and – in the event they can’t work something out with the owner – these properties eventually wind up in the bank’s REO inventory.  When this happens, the situation gets very ugly for the lender, especially if the property needs substantial work to make it livable. 

To combat this, banks are unloading some of these properties for as little as $500.  Places like Indianapolis, Cleveland, Detroit – even Flint, Michigan – have REO properties available for less than 3K.  That’s right: $3K.  There aren’t just a few available.  Hundreds of houses can be had for less than you’d pay for a used car.

So if you’re even considering spreading your wings and seeing just how far you can go as a real estate investor, I strongly encourage you to look into some of these properties.  If you don’t think you have the cash to snap up some of these properties, think again.  Get creative.  Go through your garage or a spare bedroom, gather up things you don’t need or want, and have a yard or garage sale.  If you need to, turn your kids upside down and shake the loose change out of their pockets.  When they complain, give them a little extra computer or TV time and tell them that they’re investing in their inheritance.

With so many bargains available today, buy one or two with cash on hand.  No money for repairs?  Give yourself a short-term loan by financing rehab costs with a credit card.  You can pay yourself back pretty quickly.  You might do a quick fix and flip or take out a home equity loan when you’re done.  

The good news is, with prices this low, your options are wide open.  It doesn’t matter if you live near these properties.  With the advent of the Internet age, you can live anywhere you like and make a small fortune in real estate – and you can do it virtually.  The days of investing only in your local community are over.  The Internet makes every step of the process easy – and profitable.

So get off the couch and get into gear.  If you don’t want to spend the rest of your life looking back and wishing you had taken advantage of the opportunity to guarantee your financial future, act today.  You may not be able to get your hands on a government bailout, but this is actually better.  When bailout cash is gone – it’s gone.  The wealth you can create with a few well-planned and executed real estate investments can pay you back for the rest of your life.

Then you can pay your kids back for the loose change you commandeered.

If you’re not sure about how to invest virtually – or you want to explore some of the other real estate tips and tricks that can take you to astounding financial heights, go to www.REIconferences.com.  The advice is timely, the information is practical, and the resources are more plentiful than foreclosed houses in today’s market.

So what are you waiting for?  Take charge of your future.  You’ll be glad you did.

Blessings!

Charrissa Cawley

www.REIconferences.com

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