Finance Board

Confident Expectation! The feeling of ‘confidence’ is the assurance that your desire IS on its way. And getting to that place where we have no doubt is one reason why there is often a delay in receiving what we know is coming. We need time to work through our doubt.

Once I had attracted the Perfect Condo, the Perfect Realtor and the Perfect Financier I was ready to do the work of negotiating for the purchase of the harborside condo.

I was so in the flow of Source Energy that the negotiations went quickly and smoothly and within 24 hours we were able to agree on the price I wanted to pay.

Now, the final action needed to complete this Real Estate deal, was to sell the downtown condo.

This should have happened quickly. The market was perfect. The downtown condo was in a VERY trendy location of Victoria. It was the ONLY condo for sale in one of the most sought after complexes. It was large, freshly painted and well decorated. We had it priced just right. It received plenty of attention in the media and Open House was well attended. Yet the offers were not forthcoming.

After five weeks, we still did not have one single offer. And we were pushing very close to the date on which we should have been closing. I felt confused. I was doing all that I knew to do to attract the Perfect Buyer. I was maintaining my focus on where I wanted to be rather than on where I actually was. I was following everything I teach to others about Law of Attraction.

Finally, I simply had to admit, “I don’t know what it is that I need to know to complete this manifestation.” My request became: “Universe/God, show me what I need to know, say or do to bring this to completion.”

Within 24 hours I had the answer to my prayer. Way in the back of my mind I was questioning, “Is it really God’s Will that I live in such a luxurious home?” So deeply had my entire religious upbringing ingrained the message into me that luxury was sin, that the message was still vibrating within me, causing the sale of my downtown condo to be delayed.

But what can a person do about such an old “tape” embedded that way into our psyche? Well, my next request was: “Show me the Truth that I need to know so this ‘tape’ will no longer have effect.” Again, within 24 hours I had the answer to my prayer.

That night I listened to a cassette tape I received from Abraham-Hicks and I learned that wanting God to decide what is good for me is a childish desire for someone else to take responsibility for what manifests in my life. I understood that Truth immediately! I had wanted to blame God if I did not fully receive my desire.

“And the Truth shall set you free!” Indeed. Once I took full responsibility for my choice of where I wanted to live, the downtown condo sold quickly and with a short extension on the closing date ALL parties were happy.

What do you need to know, say or do to have the Confident Expectation that you will indeed have what you want? Do you have a secret dream, desire or hope?

Contact Rebecca, Toll Free at 866.479.1949 to learn how YOU can live your dream!

Rebecca is leading a training course for Coaches, Therapists, Nurses and other Professionals who are ready to make a paradigm shift within themselves (a change from one way of thinking to another) to better serve their clients or patients.

http://www.youcanhaveitall.com

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What is a leaseback?
Leaseback is a unique process developed by the French government more than 15 years ago to encourage quality development in tourist areas. Investors buy a freehold property and at the same time sign a lease contract with a property management company who will rent it for short term rentals for a renewable period generally 11 years.

In return, investors receive major tax breaks (no VAT on purchase price) as well as a guaranteed return for the duration of the contract. A guaranteed return is typically between 4,5 and 5,5% and is linked to an official index. The management company takes care of the running costs and maintenance. Thanks to tax breaks the income is not taxed during the first 10 years.

Finance
You can get 80% finance from local banks with rates on French mortgages of
between 3.5 and 4% on 20-25 years with a down payment of a minimum 20%.

Importance of fixed guarantee
These last few years of poor equity market performance have made it abundantly clear how important guaranteed income investments can be.

Hassle Free
Leaseback schemes are ideal for people who want a complete hassle free investment. This is a complete hands off investment.

Risk
As long as the sourcing is well undertaken (sourcing of properties in areas with potential for resale) and verification of the management company is done properly then the risk for this type of investment is minimum.

For more information on Leasebacks in France, including property listings see www.myinvestmentinfrance.com
My Investment In France is a fully licensed English speaking real estate agency located in Paris. My Investment In France has many quality leaseback properties available.

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Have you ever wondered why some people seem to get all the good real estate deals? Does it seem unfair that creating wealth appears to be for the rich only? Well I have some great news for you. ‘No money down’ deals on real estate can be done by everyone, when you learn the skills.

Buying a property with no money down is a mindset. The deals are not advertised as ‘no money down’ deals, they need to be constructed to be this way. And yes, anyone can do it, it just takes some education and a little confidence.

All real estate deals need to be seen as an opportunity and they may need to be worked a little. You may need to invest some time, face some challenges and grow and develop in your financial education to be able to make these opportunities in to reality. I will give you a few pointers as to how to work a real estate opportunity into a ‘no money down’ deal.

Firstly, don’t always believe what the real estate agents say, they will often tell you what can’t be done rather than what can. Let’s face it, most of them are not seasoned property investors.

One simple way to get this dreamy ‘no money down deal‘ is to find a property that is worth investing in. Get a couple of valuations done on this property by different valuers. (A trick here is to get a few valuations done, they will all come back differently and then you can choose the highest one.) Make sure you do this BEFORE you buy the property. If the valuation comes in higher than the purchase price, then you can get finance based on the valuation, rather than the purchase price. Now a good rule of thumb when investing and building a property portfolio, is to get your properties financed with the highest LVR (loan to value ratio). Aim for 95% if possible. This will help you buy more properties and get your portfolio off to a flying start.

Some quick numbers to help you understand this concept: Say the real estate agent was asking $180,000 for the property. You got a couple of valuations that came back at $180,000, $190,000 and $200,000. (This is actually possible). Assume that you can get a loan for 95% of the valuation price i.e. $190,000. Therefore, you are paying $180,000 for the property but are able to get a $190,000 loan. You could even use some of this extra to fund your next deposit. Easy!

In Australia, and you’ll need to check the rules in other countries, but the big 4 banks use their own valuers, so you may not have the luxury of choosing a valuation. They often value it lower too, to ‘cover their buts’. You will have to use a second tier lender, but that often isn’t a bad thing, in fact I use them more regularly than the main banks.

You could also make a contract subject to a valuation coming back at a certain price. If it doesn’t come back at that price, then you have the option of bailing out, but if you like the property, then you could ask the vendor to drop their price so that you still purchase for ‘no money down’ e.g. purchase price is $190,000 and you want a valuation of $230,000. If it only comes back at $198,000 then you can ask them to drop the price to say $160,000.

When purchasing a property, the finance is an extremely important part of the overall transaction. It is important to understand the system and work within it. There are often different ways of structuring things so it is advisable to get a broker (specifically an investment specialist e.g. Investor Finance), that can help you get creative with your finance deals.

You could also ask for vendor finance. If they can’t finance the whole property i.e. they may need the money for something else, then at least ask if they can leave in the balance of what you can’t get from the bank. For example, if you want to purchase a property for $500,000 but the bank will only lend you $400,000, then ask if the vendor will take a second mortgage over the property, and leave $100,000 there for you. This would create a ‘no money down deal’ for you.

A great tip for investing in real estate in general is to not fall in love with the property, but fall in love with the deal. Look also for MOTIVATED SELLERS e.g. divorced, bankrupt, lost job etc. For some places you can put in a crazy offer and then just keep your eye on it. If the property is still on the market in 3 months, then call them again and re-offer the crazy offer. It won’t seem so crazy to them now. You can then keep the property, rent it out or resell it or do a ‘rent to buy’ (see www.toolsforwealth.com for a product review of this brilliant strategy).

So in conclusion, you need to be CREATIVE for ‘no money down deals’ on real estate, but they are there. You just need to be able to see the opportunity and do things a little differently.

Mandy Nield is a recognized authority in the area of investing, and strongly believes that financial education is the only way to creating long term wealth. If you want some strategies to create wealth now, go to her product review site at: http://www.toolsforwealth.com. The only way to change the way you are living now is to change what you are currently doing. Get educated now!

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