“There are no shortcuts to life’s greatest achievements.” – Anonymous
Who is Jen?
USDA Loans… the rules are different if you fall behind.
There is a little known fact that USDA can (and will) seek deficiency against a borrower even is USDA proceeds non-judicially (foreclosed) against the debtor in Washington State. The rules for FHA, FANNIE, FREDDIE, and VA do not apply to USDA mortgages. Continue reading “USDA Loans… the rules are different if you fall behind.”
Mortgage Debt Relief Act Extended to 12/31/2014
GREAT NEWS!!! The mortgage debt forgiveness act has been extended!
The bad news? It’s only extended until the end of this month (December 31, 2014).
In the past, congress has extended the mortgage debt forgiveness act a few times already. This law allows sellers who were completing short sales or foreclosures to eliminate any need to pay tax on the amounts of debt being forgiven by the lender (or lenders). This has been a very favorable law since 2007.
It has previously expired in 2013.. while the details are still being worked out, it appears that congress will extend this bill for debt forgiven between January 1st and December 31st, 2014.
We had hoped for an extension through the end of 2015, but that does not appear to be on the horizon at present.
But, this is great news for sellers who had (or will) complete their short sale or foreclosure during 2014. While many had anticipated a tax implication, that may now have disappeared!
If you’re facing some tough times and need to discuss the options available, give me a call at (206) 293-1005 or send an email to: Jen@HudsonCREG.com. Our discussions and your information is always kept confidential… forever.
VIDEO – Recently Completed Projects
Why should you invest in real estate? Here’s why. These are just some of the most recently completed projects and some of the returns you could see. What’s stopping you from being the next one?
Contact me at (206) 293-1005 or Jen@HudsonCREG.com. I’ll help you find a project that actually makes sense.
VIDEO – Cash on Cash
Today, I want to tell you about Cash-on-Cash. It has to be the simplest valuation of all. Many of the large investment groups I work with rely almost solely on this method for their decision to pursue a project or not. Yet, still… so many agents and smaller investors don’t seem to use this as part of their financial analysis.
If you’re holding a project for the long term, or even if you just want a quick flip.. cash on cash in a “no brainer” in my book.
Looking for additional information or that next deal? Call/text me at (206) 293-1005 or email: Jen@HudsonCREG.com. Thanks for watching!
VIDEO – Gross Rent Multiplier
At first glance, the Gross Rent Multiplier doesn’t seem real useful. No one seems to reference it. In my opinion, I think this multiplier can be very useful when expenses are either not available or shouldn’t be relied on for a property. This is just one value to consider. Here’s why….
Looking for additional information or that next deal? Call/text me at (206) 293-1005 or email: Jen@HudsonCREG.com. Thanks for watching!
VIDEO – What is a Cap Rate?
Cap rates are largely misunderstood, even by many “experts.” Sure, they can be overrated in my opinion. First, you need to understand them fully before you can make that call. Sometimes they can be great tools. Other times, you shouldn’t even bother with them for a reliable valuation. Here’s why….
Looking for additional information or that next deal? Call/text me at (206) 293-1005 or email: Jen@HudsonCREG.com. Thanks for watching!
Delayed Marriage = Increased Rental Demand. By Jen Hudson
The share of 25-29 year olds who are married is down by almost 48% for men and 43% for women from 1970. That’s HUGE in the rental market… what do I mean?…… Continue reading “Delayed Marriage = Increased Rental Demand. By Jen Hudson”
75.98% Cash-on-Cash Return
I enjoy helping find my best clients projects, so when this one came along, I couldn’t wait to see the results. The process took a bit longer than anticipated for a smaller property to flip, but it certainly turned out well in the end. Continue reading “75.98% Cash-on-Cash Return”
21.38% IRR, after 5 long years (all during 2009-2014!)
After a note acquisition in September 2008 (the week before Lehman crashed – I will always remember that!), then a trustee’s sale in December 2008 (to get on the title)… the dust has settled… and it’s in the black! Continue reading “21.38% IRR, after 5 long years (all during 2009-2014!)”