WELCOME: TO A. COLETTE HARRIS PROPERTIES, LLC

Real Estate Brokerage & Property Management Blog

Here you will find the latest real estate endeavor stuff I engage in on a daily basis.

Wednesday, September 23, 2009

Creating Wealth From A Foreclosure Homestead E-Book

Hi Prospects & Friends,

I wanted you all to know I've decided to create my real estate published books also as e-books. So those of you who don't want to purchase the paperback copy, you may have the option to download the book. On the right side of my blog to order the e-books I have a link as well as the paperbacks have a link too. If don't want too navigate to right side of my blog to see books you may click link below and follow instructions.




1. Hard Copy Books click ACHP Published Books
2. E-Books click ACHP Published EBooks

This link I've included will direct you to the hard copy and e-books. I look forward to new fans!


Thanks,


April

Monday, September 21, 2009

Creating Wealth From A Foreclosure Homestead























************Hi Prospects & Friends,

I've added a category in my Z- Store called Real Estate Book Accessories. So when you purchase my books you may also purchase the accessories that go with the books if want too. If you haven't already purchased my "Creating Wealth From A Foreclosure Homestead" grab your copy along with my book accessories that maybe purchased too. Enjoy and have fun! I look forward to my real estate book being a success!


Thanks, April

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PS: To purchase book go to http://www.har.com/acoletteharrisprpts and click ACHP Published Books.

To purchase the book accessories that go with this book go to http://www.har.com/acoletteharrisprpts and click ACHP Z-Store

Thanks, April

A.Colette Harris Properties, LLC Camcorders



Hi Prospects & Friends,

I've just reduced my Flip Mino Camcorders & Flip MinoHd Camcorders down $30 each. Come on over and grab 1 today! No sales tax when shipping outside CA, KY, NV or WA! Click C-Store on right side of my blog to order choice of camcorders.

*Flip MinoHd Camcorder old price was $229.99, new price is $199.99
*Flip Mino Camcorder old price was $179.99 new price is $149.99


Thanks, April

Wednesday, September 9, 2009

Creating Wealth From A Foreclosure Homestead














Hi Prospects & Friends,

I published my first real estate book yesterday (September 8, 2009). The book offers me explaining my:

1. Foreclosure Homestead Technique
2. Offers 1 Case Study
3. Offers A Foreclosure Checklist

Click on the right side of my blog to order my book, and I hope it helps you create your foundation to a path for wealth.


****************************************************************************

Good Luck,

April C. Harris-Broker/Owner/CEO

Wednesday, September 2, 2009

My Amortization- Technique 1


Hi Prospects & Friends,
I wanted to quickly share one of my amortization techniques I use on some of my properties. As many of you know everyone at times faces hardship whether it's a job loss, medical crisis, loved one ill or etc these situations can sometimes cause us to be set back with in our own personal/business financial decisions if it happens sudden or unexpected. I always plan for any hardship and allow the planning in advance to assist me with bettering my decisions later down the road. One thing to address in your life is when you purchase a home if you want to pay it off sooner don't try and get a loan term that is shorter than a loan term that will benefit you better future wise, just because you feel you want to eliminate the monthly interest present wise. I say this because once you get a loan whatever term you choose you are stuck with it and will have to refinance it to get out. So to bypass all that I suggest consider choosing a term that best fits you future wise than present wise, then apply the shorter term payment to the longer term loan as please. I like to first do the amort tables for a 15yr, 20yr, and a 30yr on the choice of property I'm financing and compare the monthly payments. Next I will make sure their is no prepayment penalty on the loan I want and begin to do my technique. I create the amort tables for the 15yr, 20yr, and the 30yr, then I request the loan term that will benefit me greatly future wise, not present wise. Once I've chosen the loan term then I apply the shorter loan term to the longer loan term to cut interest for the first 2 years when I make my monthly mortgage payments. Since I have the amort tables already printed futuristically in front of me I can see many years in advance what the loan amount actually looks like. So then I apply my every 5 year rule "Technique 2" which will be eventually addressed in another blog post. See my example below of Technique 1:

I purchase a home for $215,000 and put down 20%. Loan amount will be $172,000 @ 5.5% interest. I then apply the next step to analyze the term payments. (Payments are not PITI they are only PI since I based it on 20%, if you have a PITI then just deduct everything except your PI and you can proceed) On a:

15yr payment is $1,405.38
20yr payment is $1,183.17
30yr payment is $976.60

I analyze the term payments and because the $976.60 appeals to me and I'm thinking futuristically if something happens I don't want to have to deal with being stuck with the $1,405.38 for 15 straight years and the only way to get out of the 15yr term is to refinance which is goal to avoid from beginning. So I accept the 30yr term and make sure there is no prepayment penalty and when the loan payments start coming I apply the 15yr term payment for the first 2yrs of the 30yr term. So for the first 2yrs of the new loan I apply the $1,405.38 to the 30yr term instead of paying the $976.60. Since I created the amort tables in advance for myself when the 24th month reaches I glance at the balances. I'm basing my example as if I closed in September 2009, so looking at the amort tables for September 2011 the loan amount for a 15yr will be payed down to $155,694.81, and the payed down amount for the 30yr will be $167,025.14. Remember the original loan was for a 30yr with a payment of $976.60 but I applied the $1,405.38 for the first 2yrs of the loan. Next thing I want to see is what is the price/sq.ft going for in my subdivision once I've reached the 24th month to see how much possible equity I've gained besides paying the extra payments I've already payed. If no hardship has occurred during the 24th month period paying the $1,405.38 then I glance at the amort tables for the loan amounts for the next 3yrs. So in September 2014 the loan amount will be payed down to $128,685.47 for the 15yr term and for the 30yr term for September 2014 the amount will be payed down to $158,784.33. So I go another 3 yrs paying the $1,405.38 and when September 2014 reaches my 30yr term will really be payed down to $128,685.47 since I applied the 15yr payment in advance. When September 2014 reaches I glance to see what is the price/sq.ft for my subdivision, then I proceed with technique 2 which will be discussed later. If you apply this technique 1 with the "Jewel Foreclosure", "Investment Analysis" or "Get Rich Quick 2" articles in this blog you can really advance yourself with wealth/money/assets.


PS- I opened another branch of my online store called the z store. You can view in the panel box or click on right side of my blog and grab something today!