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:: One Trump :: One Waikiki :: 1% Rebates

REAL ESTATE celebrity and luxury hotel developer Donald Trump and Irongate Capital Partners, a Beverly Hills, California-based investment firm, plan to bring a $350-million-plus, five-star luxury condominium hotel to Waikiki's Beach Walk project.

Name: Trump International Hotel and Tower at Waikiki Beach Walk

Site: Kalia and Saratoga Roads, across from Fort DeRussy Park

Estimated Completion: Late 2009

Height: 350 feet, 38 Stories

Units: 460

Unit types: Studios, 1-Bedrooms, 1-Bedroom+Den, 2-Bedroom, 3-Bedrooms

Unit sizes: 500 to 3,000 square feet

Unit prices: Under $500,000 to over $5 million

The Four Stages of Growth On the Path to A Million

Author: Skia
Category: Investing Newbies

The path of the Millionaire Real Estate Investor is a progression through four stages. First, you must learn to Think a Million (think like a Millionaire Real Estate Investor) before you make your first move. How you think matters. Whether this strikes you a cliché or as a timeless truth, the bigger you think, the more you can accomplish. What you hold in your mind is what shows up in your life. Learning to think like a Millionaire Real Estate Investor will give you the greatest chance of becoming one.

The next step is Buy a Million, in which you’ll get a thorough understanding of the best models for investing in real estate and, more fundamentally, an understanding of money: the ways it is made and the ways it can be lost. The goal is to equip you with the working models you need to purchase investment properties with a market value of a million dollars or more. Believe or not, this is not the huge leap you might imagine, and many investors reach that mark long before they ever expected they would. Buy a Million is about the fundamentals of acquiring properties, holding them, and in some cases selling them. Buy a Million applies the power of Criteria, Terms, and Network to launch your career in investing.

After you Buy a Million, you’ll set your sights on having an equity poison of a million dollars or more in your properties. We call this stage Own a Million. This is when you will realize that the investing you have done has blossomed into a bona fide business. With that transformation come a set of issues specific to that level of ownership. Acquiring properties through credit potentially becomes more difficult, cash becomes a commodity, and managing your investments could require help from several quarters. This stage involves dealing with and often balancing cash flow with asset or equity buildup. It may involve selling, trading up, or exchanging. It certainly involves understanding the surprisingly simple realities of tax and owner entity issues. The good news is that by understanding these issues from the beginning you can plan for them. That is what the models are intended to help you. By beginning with the right models, proven ones that can handle the big issues, you’ll never have to stop and scratch your head or, worse, start over and reinvent what you do.

The last stage of growth for a Millionaire Real Estate Investor is Receive a Million. Think of it as the summit, a place where only the best have gone. Receive a Million is when you are in a position to receive an annual income of a million dollars from your investments. Pivotal to this stage is that your investment business be designed so that you can choose to get out of the day-to-day work and enjoy the benefits of what you’ve created.

Exactly when you decide to move into “receive mode” is up to you. Obviously, you don’t have to wait until you are receiving a million dollars a year. You can accept the cash flow you’ve built and step out of the business sooner. Or you can wait and receive more down the line.

40 Is the New 30 for Lenders and Investors

from ForeclosurePulse Blog
posted by joelc

Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or won't he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.

Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the company's press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years.

Still, this new loan may be a viable alternative to home buyers who may soon be finding themselves in trouble with the popular interest-only and option adjustable-rate mortgages -- especially if the Fed ups the interest rates more this year due to increased fears of inflation.stemming from higher energy costs and low unemployment.

There is no doubt that lenders are hurting right now. Even though prices are up, home sales volume is down dramatically -- just ask the National Association of Realtors -- homeowners are not refinancing anywhere near the levels seen even just a year ago, and the number of new homes under construction is declining as is building permits. The net result -- lenders need new methods of generating income and these 40-year loans may be one solution.

Whether 40-year fixed-rate mortgages will help distressed homeowners who can't afford their monthly mortgage payment keep their property out of foreclosure -- it's too early to tell. Maybe, if those owners can qualify, and Wells Fargo and the other lenders allow refinancing using the 40-year product.

For real estate investors it could be a double-edged sword. A blessing by offering a means to lower their monthly payments while they busy themselves fixing up and flipping properties. But it could also be a curse, with less properties ending up in the foreclosure pool.

In that case, as always, investors need to keep thinking about widening their search for viable investment opportunities, and RealtyTrac is here to help in that search in anyway possible.