Something to consider when buying a horse property....

As you may have read in a previous blog, land is the hottest new commodity. It is selling like hotcakes! Why? Because of the increased price for grain, oil prices and the world economy in general. Current cash crops are: corn, soy beans and wheat. Alfalfa is now and will be hard to find.
If you are looking to buy property for you and your beloved horses. Consider buying a property with tillable acres. That way you can grow your own, sell what you cannot or do not use. The yield will make your property more valuable at re-sale.
If you don't have the machinery to till and harvest, do not despair. In all rural settings, you will always find a farmer who will contract with you for this work.
Let's go shopping!
Call me!

Having Debt Problems?

Do you know why so many people abandoned their houses? Because they could. There was a pervasive "easy come, easy go" mentality in the mortgage frenzy we experienced in the past three years. People walked away from their homes because they could--there was no local person to be accountable to, so they walked. Do you know why some people are plagued with credit card debt? Because they cannot walk away from it. It follows them wherever they go like a black cloud that everyone can see. Except it cannot be seen with the "naked eye". It is painfully picked up by the red eye of the scanner. They cannot walk away from it, they are stuck with having to pay up to 21% interest on the balance on what they owe for food, clothing and basic needs. They can move in with a family member, but they still have to eat.
If you need debt help. Please contact:www.momentive.org or www.ineedhelp
or call: 1-800-gethelp
Get a grip of our life. There is help. When you are ready to buy or sell. Call me......

Investment companies are cleaning house!

Ah spring! It is a time for new growth, re-growth and a time for cleaning house and sprucing up. The banking industry is cleaning house, a timely and well-deserved action. Greed, thy name is mortgage broker! There are no "six degrees of separation" in fraudulent business practices. And we are finally seeing where the money trail has landed. Good riddance to the scoff-laws. Lets hurry up and clean house so that the rest of us can go on with our lives.
It's been said that necessity is the mother of invention. Can you hear the wheels of invention churning? Our days of oil-dependence are numbered and soon the oil-rich countries who think they have this country under their thumb will come-a-knock'n. Stay tuned........
Let me help you buy or sell. I'm here

Pending Sales Index Falls Largely on Mortgage Tightening....

Do not fear friends and neighbors! Yes the indexes are lower, but when you examine the sales decreases--sub prime and jumbo loans, the rest of the market is OK. This means, if you have a job and if you can pay your mortgage, you are OK. According to the National Association of Realtors senior economist, abnormal factors are clouding the horizon. He states, "THERE ARE NO SERIOUS PROBLEMS FOR THE MAJORITY OF BUYERS WHO QUALIFY FOR CONVENTIONAL FINANCING OR FHA-INSURED LOANS."
Don't listen to the gloom and doom of the mass media. Yes, things are tight, but is this the end of the world? No. Have we been in this type of situation before? Yes.
Is competition for goods and services increasing world-wide? Yes. Is this the type of competitive atmosphere that we Americans thrive on? You bet! The best is yet to come!
Stat tuned............

Property Tax Caps are a win-win...........

Indiana is paving the way to stableize property valuation taxation here and in the rest of the U.S. State Legislators have finally listened to the the people and acted on legislation that will put a 1% cap on property taxes based on a property's value. This will keep the homeowner's tax bill reasonable, and it will keep prices from skyrocketing out of control as we have seen happen in California, Florida and other places. It will strike a healthy balance in the real estate market. And as we all know, a healthy balance is a good thing in everything that matters to us from relationships to family, work, etc.
For anyone reading this blog, I applaud you. I encourage you to keep an eye on your county and township spending. There as been too much abuse of fiscal power in these quiet sectors. Did you know that heretofore, townshps have been funded according to what they spend? Never mind if it is responsible spending, just spending. The only fiscal responsibility townships have had to maintain is to continue spending the same yearly amount so that respective budgets would be met plus 3% each year. It's time we all took a good look and follow the money trail. Stay tuned!

What goes around, comes around........

We are seeing a resurgence of small farms growing good healthy food for those who yearn for a better diet and healthier bodies. There are a number of small local specialty farms in this area such as Homestead Growers in Sheridan, IN, the Redwine Farm, in Westfield and others who do now use pesticiedes and chemicals on thier produce, nor do they use growth hormone on their animals. They've purchased or rent larger parcels of land to grow what sells-healthy vegetables, mushrooms,herbs for dried herb mixtures,and other things. The small farm is coming back. Rural America is waking from a long sleep.
Be part of the new America--healthy, wealthy and wise.
Call me.
I've go some great parcel information for you!

Medco coming to Boone County

Who doesn't love science? No one. We in Boone county love science, math, english, you name it, we love it. Indiana loves science and the state's life science initiative click here for more info. http://lifesciences.iu.edu/ is paving the way.
Medco, one of the largest pharmaceutical dispensing companies in the country is moving there operation here. It is wonderful news for everyone.
Check them out.http://www.medco.com
What does this have to do with Real Estate? Plenty. Plenty of jobs, housing schools, etc. It's all here in Zionsville.
Hooray!

Rental Housing

Monday's Indianapolis Star, page C3 shows an article about rental housing,"Rental housing back in spotlight". Rents and occupancy rates are on the rise.
Now is the time to invest in rental properties.
Call me.....

More about land....

Sunday, March 9, 2008 Indianapolis Star A-page article: Grain boom may spark rural revival..It states in part that the value of farmland has soared from an average of $3500. an acre to more than $4,000. in the past two years. This is in way-rural Indiana. Metro area price per acre averages 10K (Boone county horse country is $100K per, but that is another blog).
People looking for land know that the grain boom is here and it is here to stay for a long while.
Call me.....

Let's talk land....

As you may know, buying land is a very good investment. Why? Because unless it is nuked, land will never lose it's value. Did you know that land is being scooped up by the hundreds of thousands of acres? If you are considering buying land. Let's explore what you can do with it. If you have a small horse property, you will want to buy adjacent acres, for riding trails (if the acreage is wooded) or to plant and harvest hay. You will want to plant Timothy and Alfalfa. This is the best grass to grow for horses because it does not make them colicky and it does not clump up in their gut which will kill them. Horse people will drive for miles to buy good T&A! This sounds a little risque, but I'm speaking in horse hay terms here.....
For large tracts of land, you will want to lease to a tenant farmer. He/she will pay you a rental fee per acre, usually about 1K/acre or they farm the land, you split the profits. Soy beans are the way to go here for many reasons. You'll want to buy as close to a city as possible, and look for property with road frontage. Why? Call me...

FHA LOAN LIMITS HAVE INCREASED!

Working with FHA was once a nightmare, but FHA has re-invented itself. It's paperwork- lean,user-friendly and it is making a tremendous effort to help all of us out. In Boone county Indiana, the limit is now $271,050.00, higher in Indianapolis. THIS IS GOOD! This means you can get into a house with only $8,131.50. And there are mortgage companies out there; Perfect Mortgage for example, that has no minimum credit score, ignore most old collections, ignore ALL medical collections, and will lend while in Chapter 13. Check them out: 317-575-0100. Call me, let's get you into a house.

New FHA loan limits........It's a new day!

There was a time when working with FHA was a beuruecratic

The State of Real Estate....

Robbing Peter to pay Paul? Question. If we are in a "recession" how is it that presidential candidates are each able to secure $35million in contributions in one week? The answer is simple. It is foreign money--the possibilities are endless: Case in point: A computer was seized from a Colombian guerrilla group recently. It was a treasure trove of information including their support and contention that Obama will be president. Hmmmm...
Another possibility is that people have enough money to give away, so people are being selective with their spending.
Land is being bought by the thousands of acres. Why? Land value never decreases and real estate, besides gold bullion, is still the best asset to hold. There is a limited amount of land, and the population continues to grow. Case in point: Texas land is going to the highest foreign bidder. Check it out.
Indiana remains one of the least expensive places to buy real estate.
Call me.

Oil is high, money is tight, people will be renting.....

Warm Broker greetings one and all. The price of oil continues its steady increase. Oil producing countries are savoring their hold on the American dependence, and the economy is weak for now. When this happens, people rent instead of buy. A savvy investor will buy homes and rent them. Why? Because he can. There is a strong market for lease properties.
Let me help you buy your investment properties. There's a number of HUD-owned homes selling for pennies on the dollar. Check this out here.

http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm
Call me!