Naked Lady Real Estate, The Bare Truth About Real Estate Investing

Naked Real Estate Investors Monthly Meeting - March 2010

 

Monthly Meeting - Thursday, March 11th   6:30pm - 9:30pm 

6:30pm - Networking Begins    7:15pm - Deals, Wants & Needs    8:00pm - Speaker Begins

Come early and sign up to Announce your own Wants & Needs at the beginning of each meeting!  
Location:
Naked Real Estate Investors Center
10601 Washington Blvd
Los Angeles, CA 90232
Corner of Washington Blvd & Overland

TOPIC:  Pitfalls of Private Lending, Partnering and Pooling Money

Speaker:  Kim Taylor, Esq.  

Our March 11th speaker is Kim Lisa Taylor, Esq.  She is a Real Estate Securities Attorney with the law firm of Trowbridge and Taylor, LLP, a real estate broker, a real estate investors and a professional geologist!  And on top of that she is MY ATTORNEY.  Even I - who owns a real estate club that teaches education - can get into a hot mess with partners.   Well no more now that Kim is on my team.  She once told me almost a year ago that I will pay her now or pay her later.  Later indeed. 

We all need to learn so many aspects of partnering in all ways.  This is a very important topic that should be taught all the time!

Kim travels all over the county teached multi-day workshops on these important topics for hundreds and thousands of dollars!  Don't miss your opportunity to have such a renowned attorney teach you some important pitfalls to be aware of. 
She will answer the most frequently asked questions that both active and passive real estate investors need to know about in private lending, partnerships and pooling money!

You will learn about:

 > What you should know BEFORE you lend and borrow private money

> The 8 D's every partnership agreements should include (oh I wish
I knew these 9 months ago!) and,

> Things you should know about pooling money, whether you are the syndicator or an investor, and how to do it without going to jail!

For more information on Naked Real Estate Investors Club - visit our website at

www.nakedrealestateinvestorsclub.com  

See you at the Meeting!

Program Will Pay Homeowners to Sell at a Loss

by David Streitfeld
Monday, March 8, 2010

provided by

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program which will allow owners they owe and will give them a little cash to speed them on their way, is one of the administration's most aggressive attempts to grapple with a problem that has defied solutions.

More than five million households are behind on their mortgages and risk foreclosure. The government's $75 billion mortgage modification plan has helped only a small slice of them. Consumer advocates, economists and even some banking industry representatives say much more needs to be done.

For the administration, there is also the concern that millions of foreclosures could delay or even reverse the economy's tentative recovery -- the last thing it wants in an election year.

Taking effect on April 5, the program could encourage hundreds of thousands of delinquent borrowers who have not been rescued by the loan modification program to shed their houses through a process known as a short sale, in which property is sold for less than the balance of the mortgage. Lenders will be compelled to accept that arrangement, forgiving the difference between the market price of the property and what they are owed.

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