Tuesday, December 29, 2009

Make Money in Real Estate Now with this Home Business Opportunity

Have you ever wondered what will and has happened to all those people that have lost their homes due to foreclosure because of the sub-prime market meltdown? These people have been forced to either move in with family and friends or rent.

Let me tell you a story of a friend of mine whom is not an uncommon case, she is a single mother, she has a job as a teacher, she had good credit and some savings. She took ALL of her savings which was around $30,000 dollars, and put it down on her home, she paid around $249,000 for the home, her special loan allowed her to purchase this home with a minimal monthly payment of around $1300 per month (interest only). Being a single mother on a teachers salary she would NOT be able to pay anymore that this payment.

She knew that in three years her payment would balloon into a $2600 payment, but was promised by her mortgage broker that she could easily refinance when the time came to get the payment down. Well, when the time came she went back to the mortgage broker who was out of business due to the changing broker laws, then she went to her bank to refinance, but, the market fell under her and her home now only appraised for around $211,000 and she owed more than she bought the house for because of the interest only payments that had been adding the principal amount to the back of the loan. Even worse, there were school cut-backs so she was making less money and the banks no longer offered interest only loans. Now in that three year period, her home was brand new, so she paid to landscape the backyard and finish the basement plus she paid all of the upkeep etc. She now realized she would loose her home, her money and her credit.

The above story tells of a woman with good intent who did not do anything wrong except be swindled by some mortgage guy. She has bad credit and no one wants to rent to her because of a foreclosure and now bankruptcy, but, through a rent to own program, she does not need credit, it gives her a fresh start, and she gets to still have the feeling of home ownership without the disaster, and when she can afford a traditional loan again, she will buy her home without worry of losing it. After leaning about a Home Business Opportunity, she now helps others in similar situations and is making a great income doing it.

What does this mean for you? You can MAKE MONEY IN REAL ESTATE TODAY, with under fifty dollars. We even have all the tools you need to find qualified rent to own buyers. The the property owners will happily pay you ‘big’ finders fees for your help. Start making money fast with everything in place. Follow the link below if you are serious about making money today.

www.newstartrealmoneyrealfast.com