Peter Fortunato speaking to SDCIA Tuesday March 9th

One of my original mentors, Peter Forunato, is coming to speak to us on Tuesday March 9th. Pete is a MASTER at Deal Structuring. He is well-known on the East Coast and all of his seminars are filled with the most successful real estate investors in the country. He last spoke to the SDCIA more than ten years ago.

Peter has a unique ability to see very advanced and creative ways to structure transactions AND CLEARLY EXPLAIN them. I believe that Pete is one of the most brilliant and creative real estate minds in the country. He really opened my eyes to conceive, structure and document deals in a way no one else can.

Pete is so special that he is coming to speak to us at the SDCIA AFTER he teaches a two-day class!

Here's a link to see a video of Pete & listen to a one hour conference call: 

http://www.cashflowdepot.com/live-events/one-step-beyond-seminar-w-peter-fortunato.aspx

Have a great weekend & I hope to see you at Bruce Norris' "Tip of the Iceberg" class.

Obama's 2010 budget will run a 1.5 Trillion deficit. It is estimated that if the government stays on the same course it has been on for the past forty years, the federal government will soon have a $10 trillion budget. 

What is a Trillion anyway? According to 10077.com it is a 1 followed by 13 zeros; if you placed one dollar bills end-to-end the chain would stretch between the earth and the moon 200 times; a military jet traveling at the speed of sound would have to be airborne 14 years to unwind a trailing roll of one dollar bills.

So $1.5 Trillion of dollar bills would take that jet 21 years to unwind. That's a lot of money. I hope our recession doesn't take that long to unwind.

BTW, California's budget gap (deficit) is expected to be $6.6 Billion this year & is expected to grow to $14.5 Billion next year.

Bruce Norrris webinar video "Tip of the Iceberg"

Here is the link to the video of the Bruce Norris webinar held February 2nd. This a pre-seminar event he produced in prior to his workshop this Saturday February 27th in Costa Mesa.

http://www.thenorrisgroup.com/index.php?cID=337

If you're interested in the workshop; Bruce promises to give us the most informative update of the California market. Here's the link:

http://www.thenorrisgroup.com/training/tip-of-the-iceberg

I recommend all of Bruce's trainings. If you sign up, use the "Special Code = alist" for $100 off of the seminar price.

Figure Out How to Make It Work

This was from a weekly email from my friend Gary Johnston:

What matters more....

 

One of the questions that is top of mind for everyone is “Where is the economy headed this year?”  I believe it is important to study the economy and think through were things are headed so you can prepare for the future.  I read several publications to stay abreast of the US and world economies.  However, it is important to be very careful that you don’t let the doom and gloom impact your thoughts too much.

 

My Dad had only been in business a little over a year before a big recession hit.  He had started the business with very little down and a big loan.  He worked hard 7 days a week to make the business work.  He could have used the news of the recession to give up and let the business fail.  Instead, he got up every morning and figured out how to make it work.  He didn’t let the news of the recession stop him.  His focus was to figure out a way to keep the business going and succeed.  He made it though with flying colors.

 

What matters more - where the economy is headed or where you are headed?  Turn off CNBC and set the Wall Street Journal aside and go figure out how to make it work!

 

 That’s my Monday Thoughts.

If you like this, contact Gary & join his weekly newsletter.  gary@moneynotmath.com

FHA and Fannie: Pushing Foreclosure Sales w/ Tony Alvarez comment

FHA has lifted the 90 day rule for reselling properties. Anyone who wished to sell their property using FHA financing has had to wait at least 90 after buying. This was directly aimed at investors who wanted to "fix & flip" properties. So even if an investor completely renovated a property in three weeks, they could not sell the property using the easy to obtain and qualify for FHA loans, And the beautifully rehabbed properties were subject to theft and vandalism and loss for the investors.

Fannie Mae is now offering assistance for buyers of its foreclosed properties.

Here's the link to the article:  http://www.cnbc.com/id/35184396

Here's Tony Alvarez's response to the article:

"THE PARTIE'S JUST BEGINNING!

As I have mentioned many times over the past 12 months as we approach this years election, the Government will move quickly to remove some, if not most, of their restrictive policies that they themselves have created within the past year. This is all politically motivated and not at all in the spirit of solving any problems for anyone.

They are basically hoping to look good and keep the wheels greased so something positive starts happening and we take our eye off the election ball.

Stay alert to these new opportunities and above all make your vote count this year as never before. It is our deepest commitment to remove the absolute power presently corrupting our nation's politicians. We need balance. We need to hold them to a higher standard and only when we can make them remember that they are ALL expendable, if they forget they represent our collective best interest, can we hope of standing a chance of unraveling this financial mess with our heads intact."

For more from Tony or his newsletter, go to www.THEREOMENTOR.com

Stroke Identification

My aunt just suffered a stroke. I hope you find this useful. It just may save the life of someone you love.

Stroke Identification

During a barbeque, a friend stumbled and took a little fall - she assured everyone that she was fine (they offered to call paramedics) and that she had just tripped over a brick because of her new shoes. They got her cleaned up and got her a new plate of food. While she appeared a bit shaken up, Ingrid went about enjoying herself the rest of the evening. Ingrid's husband called later telling everyone that his wife had been taken to the hospital - (at 6:00 pm, Ingrid passed away.) She had suffered a stroke at the BarBQ. Had they known how to identify the signs of a stroke, perhaps Ingrid would be with us today. Some don't die. They end up in a helpless, hopeless condition instead.

It only takes a minute to read this...

A neurologist says that if he can get to a stroke victim within 3 hours he can totally reverse the effects of a stroke...totally. He said the trick was getting a stroke recognized, diagnosed, and then getting the patient medically cared for within 3 hours, which is tough.

Recognizing a Stroke

Remember the 3 steps, STR. Read and Learn!

Sometimes symptoms of a stroke are difficult to identify. Unfortunately, the lack of awareness spells disaster. The stroke victim may suffer severe brain damage when people nearby fail to recognize the symptoms of a stroke. Now doctors say a bystander can recognize a stroke by asking three simple questions:

•S: Ask the individual to SMILE .

•T: Ask the person to TALK; to SPEAK A SIMPLE SENTENCE (Coherently) (i.e. . It is sunny out today)

•R: Ask him or her to RAISE BOTH ARMS.

•Ask the person to stick out their tongue. If the tongue is crooked (if it goes to one side or the other), that is also an indication of a stroke.

If the person has trouble with ANY ONE of these tasks, call 911 immediately and describe the symptoms to the dispatcher.

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