Hello, my name is Shane W. Royse founder of Royseinvestments. My investors call me Mr. Wholesaler of Cincinnati, so this is another great site to find cheap investment properties. Thanks for all your support in this tough year of real estate, it has been a learning experience for me. I have made more money this year than my 12 years in the business. I am so thankful for all the support and knowledge I have got from the Cincinnati Reia Club. If your not a member you need to check it out, I would not be as successful today without their help.
 
I am looking for cash buyers, who can close quickly. I will also work with other wholesalers, so if you have serious buyers please let me know. I bring some of the best deals in town to my investors. Please take the time to fill out a buyer's form, so that I may put you on my email list. My deals sell very quickly, so don't delay. Thanks for your time and keep investing in real estate and yourself!!!!

 http://www.freedomsoft.com/rockthehouse/?a_aid=4aa0fe964f912

2018 Roosevelt Ave


This is a very clean and solid home in the nice part of Mt Healthy. This is a brick 3 bedroom down with a huge lot. The home is in need of repair work around $4k, but there are homes selling in the $75k range. Asking $29k or make us a offer!!!
SHORT SALE HAS BEEN ACCEPTED

This is a solid huge 3-family in Avondale with lots of potential. We have just cleaned out this property and is ready for your remodel crew. The home has a one bedroom on 1st floor, 4 bedroom of 2nd floor and a 2 bedroom on the 3rd floor.

Analyst says the housing market will double dip

Meredith Whitney, CEO of Meredith Whitney Advisory Group, says mortgage backed securities are in for a correction and “the housing market surely will double dip.” Whitney said the government initiated measures to support the housing market have been “murky” and the likely wave of foreclosures will force the housing market further down. When the Federal Reserve stops buying mortgage securities, the prices of mortgage securities will be under pressure. “The Fed has been supporting the housing market, a third of the Fed's balance sheet is tied to mortgages. If the Fed pulls back, that's a really big deal... because there's no substitute buyer." Whitney said the lending model is “structurally broken,” and given that the securitization market has dried up and the prices of mortgages for consumers have not risen to compensate banks for that loss of revenue, banks have not been enthusiastic about lending for the last couple of years. Under the current circumstances, th
 e Federal Reserve can't make banks start lending again. "Normal will not be what it has been over the last 20 years and there's disappointment baked into that."

Housing starts fall 5.9% in February

The Commerce Department said housing starts declined 5.9% to an annual rate of 575,000 in February; analysts had expected to see steeper drop in housing starts in February. Single-family houses, which account for 75% of the industry, dropped 0.6% to a 499,000 rate. The housing sector was hit by snowfall in February. The data “definitely reflects the severe weather effect,” said Ellen Zentner, senior U.S. macroeconomist at Bank of Tokyo-Mitsubishi. Building permits, a sign of future construction, dropped 1.6% to a 612,000 annual pace. The inventory of total houses under construction fell to 492,000 in February, the department said. Rising foreclosures are adding to the housing inventory and discouraging new housing starts. Analysts are not very optimistic about the near-term. “There are still a lot of headwinds for builders,” said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez, a forecasting firm. “There’s enormous competition from distressed homes t
 hat’s weighing on demand for new housing. It’s going to be a very, very grudging recovery.”
Builder confidence continues to remain low

The National Association of Home Builders (NAHB) said its National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which measures builder confidence in sale of houses, dropped 2 points to a reading of 15 in March from 17 in February. NAHB Chief Economist David Crowe said: “The lack of available credit for new projects, the large number of distressed properties for sale and the continuing hesitancy of potential buyers due to the weak job market are definitely weighing on builder confidence at this time.” An index reading of below 50 indicates negative sentiment about the market; the last time the index was over 50 was in April 2006. The HMI for March was based on a survey of home builders, who answered questions about the current and near-term sales prospects. The index for expected sales over the next six months declined 3 points to 24, denoting builders’ negative outlook for the near-term. “This is a clear negative for the struggling housing mark
 et,” said Jennifer Lee, senior economist at BMO Capital. “The sector, which had stabilized up until recently, has entered another rough patch of turbulence.” Crowe said the “inventory of new homes on the market is at an extremely low level” and expects a “25 percent improvement in new-home construction in 2010 over 2009 to rebuild inventory and meet expected pent-up demand.”

Credit card delinquencies hold steady at major lenders

Data released by major lenders suggests that credit card delinquencies are holding steady in the first quarter of this year. At 4 of the 5 major lenders, delinquency rates slipped or held steady in February while Citigroup saw a rise in delinquency. At Bank of America, the largest U.S. bank, delinquency rate dropped for a third straight month, to 7.23% in February from 7.35% in January. Capital One, the third largest issuer, said accounts at least 30 days delinquent—an indicator of future loan losses—declined to 5.51% in February from 5.80% in January. At American Express, the delinquency rate remained unchanged from the prior month at 3.6%. Citigroup, said both charge-offs and delinquencies rose in February, with delinquencies rising to 5.94% from 5.75% in January. Is the worst over for consumers in the U.S.? "Clearly the delinquency trends are improving, and they have been for the last couple months. The question is, particularly in February, how much of it is a seasona
 l benefit," said Michael Taiano, analyst at Sandler O'Neill. Taiano said consumers tend to use funds from tax refunds and year-end bonuses to pay off credit card debts during this time of the year and "it's hard to tease out now much of an impact that is." Taiano added that "most of the companies have already suggested that losses probably have peaked, whether it was in the fourth quarter or the early part of the first quarter.”

Moody’s warns of “abrupt rating consequences”

In its quarterly report on sovereign debt, Moody’s, a credit rating agency, has expressed concern about the impact of rising government debt on sovereign ratings. While stating that there is "no imminent rating pressure" on the triple-A rated government securities, Moody’s said the margin for error on government debt has substantially diminished. If stimulus measures are not withdrawn in a timely manner, the interest rates could rise "with more abrupt rating consequences a possibility." Exports cannot be seen as an alternative to domestic demand for improving the health of the economy. "Demand from the emerging world undoubtedly provides some support, but cannot on its own compensate for weak domestic demand," Moody's said. Governments which do not wish to see their debt downgraded will have to cut back on spending and make harsh decisions. Pierre Cailleteau, managing director at Moody’s, wrote in the report that "preserving debt affordability ... will invariably requir
 e fiscal adjustments of a magnitude that, in some cases, will test social cohesion." The report notes that U.S. debt service costs could rise from around 7% in 2009 to 11% in 2013 under Moody's baseline scenario. U.S. debt service costs are higher in 2013 under the Moody's assumptions than in any of the other major triple-A-rated governments -- the United Kingdom, Germany, France and Spain.

Now on to our real estate investing educational section...

Cap Rate & Other Calculations: Real Estate Numbers to Know

One of the most useful short sales calculations to keep on hand is the cap rate. Not only is it simple to compute, but cap rates provide several important pieces of information including:

Cap Rate - A cap rate is a numerical expression of the property value versus the net operating income for the current or coming year. It's a quick calculation that require minimal math.

Cap Rate = Net Operating Income (NOI) / Property Value

Estimated Value - Transpose the cap rate to provide a quick estimate of the value of any given property. For example, by using the net operating income versus a cap rate for a recently sold property it is possible to
derive a competitive price point when listing a property. To calculate the estimated value use the following:

Property Value = Net Operating Income / Cap Rate

Net Operating Income - If you already have the price of the property, combine it with the cap rate to determine what the NOI should be. Finally, to calculate the NOI use the following:

Net Operating Income = Property Value x Cap Rate

Cap Rate Reminders...

1. Cap rates are a lot like real estate in general...location is everything and it is highly contingent upon the individual property and market area. Cap rates can vary dramatically depending upon local economy, comparative properties and overall desirability.

2. Cap rates can also be manipulated so be sure to verify the assumptions and numbers used; when in doubt, use the most conservative estimates rather than overall averages - especially during tough economic times conservative estimates will tend to provide a better frame of reference while building a strong upside potential.

3. Cap rates do not provide a complete picture of the profit potential of a property...they are merely a quick "snapshot" of the ability of the property to pay for itself over time.

4. Compare potential cap rates against other safe investment alternatives such as Treasury Bonds to derive the premium profit above and beyond the standard return. For example, when trying to decide whether to purchase a short sale property with return of 10% versus a Treasury bond with a return of 4 percent, the real estate yields 6% above the "lowest common denominator" making it an excellent substitute even for long term acquisition.

See you at the top!


Chris McLaughlin
**************
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All Rights Reserved.
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About the author:
Chris McLaughlin is widely known as America’s top
Real Estate Attorney and Investment Consultant.
   * As the top Florida foreclosure and pre-
     foreclosure expert, he oversees more than
     100 short sale & REO closings each month
  * Long-time authority on real estate investing
     and rapid reselling of distressed homes.  Owns
     portfolio of nearly 100 high-value, high-profit
    properties
   * Owner of one of Florida's largest Real Estate firms,
    running 4 different offices, supporting over
    400 agents, uniquely positioning him to help
    thousands of investors make money in the
    biggest market opportunity ever!
   * Highly sought-after speaker, consultant, and
     seminar leader for current trends and hot topics
     in Real Estate Investing, Entrepreneurship, and
     Wealth Building
   * Follow me on Twitter: http://twitter.com/mclaughlinchris
   * Join my Facebook Fan Page: http://www.mclaughlinchris.com
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Loss Mitigation Training Institute LLC

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