Since Internet Marketing is getting popular these days, some Real Estate Companies are switching to these newest marketing trend. Forget the Billboards and Television Commercials even though their a bit helpful, Internet Marketing and Search Engines are logically the best choice to invest your ads with as of today. Why? Because people will be the ones looking for you.

Unlike the conventional marketing like televisions where in you blast your commercial ads to tons of people who are not really looking for your product or they are really not focused on commercials because they’re watching their favorite shows. And the Billboards where in drivers pass by and see your huge ads but they’re really not driving just to see your ads. With Search Engines, people will search you not vice versa. And this means that the ones that visits your site are more likely targeted ones.

I’m not against those traditional way of marketing because they have done their part, I’m just trying to say that there’s a cheaper yet effective way to show your product and potentially give you more leads. Optimizing your Real Estate Site will help you get more visibility on the net.

Article Source: Philippine Luxury Homes

No Comments for Real Estate and Internet Marketing

It seems to us that we haven’t formally introduced the Making Money in Real Estate with Joe Aldeguer team to our readers, so here they are:

Joseph Aldeguer aka Joe

Joe’s career began in specializing in trading foreign currencies at the London Exchange Market. He was then recruited by a prestigious commodity firm in New York to head their Chicago Office. Joe always had a passion for real estate investing. His real estate transactions TODAY total over 6 billion dollars.

Joe hosts his show, “Making Money in Real Estate” on WLS 890 AM and ESPN 1000 AM. He also has his own real estate television show on CLTV.

Joe’s latest venture in real estate is the Real Estate Investment Group, LLC. Through this firm, Joe is able to scout out and negotiate development properties paying special attention to first phase openings and choosing select popular destination areas.

5 Comments for Meet the 'Making Money in Real Estate Team'

It was June 2 and it was the team’s last workshop in Downer’s Grove because they will be moving to the Sears Tower.

The team did not beat around the bush anymore though and went into business, they talked about the law that got shelved that would have put a new surroundingon the neck of the self employed because they no longer going to have stated loans and what that means is that if you don’t have a W2 but you have a 401K you would not be able to utilize a stated income loan. The team finds the bill disagreeable because there are so many things in the law that are terrible upsetting, according to them. Jake explained that with this law, people suddenly won’t able to use the investment that they have in their house and you take billions of dollars out of the economy just in the Illinois alone. If you took that out of the economy what would happen to Illinois as a whole? All the business rely on these people coming in for these home improvements, depot, and not just going there to buy woods.

The team also stressed that we should stop blaming other people for whatever debt we may have incurred and that once we have accepted that it is our fault that’s why we are in debt then that’s the time we can move forward. They also mentioned that success is a habit.

A caller named Jerry called in to support the team’s statement on doing something instead of just planning to do something. Jerry also told the team and the listeners how he’d bought a property which turned out to be a good deal because as time went on, several instances happened which made the property more profitable.

Another caller, Scott, asked for an advice as he is out to buy his very first home purchase where he will be allowed to stay in the house for 10 years and you are not obliged to pay anything back. The team responded enthusiastically saying that he had to check the fine print when it comes to things like these — just so he can be sure whether he can rent it out or transfer it to someone else and that whenever the Government gives you free money, take it.

The team finished off with the bottom line of the whole episode: Take the time take action decide where is your money is coming from, where is your wealth going to be created, take the time to make the plan.

4 Comments for Pushing yourselves over the edge

The Making Money in Real Estate Team guests Micheal Dupes who is a developer in Florida.

If you want to make money in real estate, Joe mentioned that if you want to invest in real estate you have to check your credit first because the number one thing that matters in investing in real estate is your credit. If your credit stinks, you better not buy anything you need to get it better first because people look into your credit reports before they lend you money. Joe also mentioned that you have to be methodical in real estate and he even compared it to the game of monopoly. You have to buy a few houses first, do deal after deal and in the end you would be able to buy a hotel. You can’t just go and say you want to buy a hotel! In the real world, you should go to a financial or the learning curve of investing in real estate, accumulate your assets to buy yourself a hotel and don’t just settle on one or two houses.

A caller asked the team some advice on acquiring a second piece of property. He already bought a business — a condo and said that it’s doing great. While talking to Vincent, the caller, the team showed him the cons of having his condo rented out and the pros of investing in hotel-condo-resort business. If a renter missed a payment for two months, the landlord can’t get him out until after a long process which is different from when you’re in the condohotel business. If someone misses to pay for the room for a night, the door changes locks and the renter will be locked out and kicked out until he pays up.

When the caller hanged up, the team talked about his situation. Jake said that Vincent should have taken a loan one year after buying his property (since it got a $100,000 increase in worth) and bought his second property.

There had been other callers who asked about equity, refinancing and credit scores. Bottom line is Joe’s parting statement:

The first thing you need to get wealthy is say to yourself, look at the mirror and show yourself, third party person, and get a copy of your last bank statement and see how much your worth. I’m telling you, you might wanna slap yourself and throw up! So many times people don’t realize that hide yourselves under the sand and say ’it’s gonna get better someday’ unless you win the lotto, or get struck by lightning to become flash… it’s not gonna happen. The bottomline you need to take charge anybody can get wealthy, but focusing on getting in debt, on paying your bills off, and focusing on getting wealthy… it can be done. This is America, folks. How many immigrants come here within a decade and then he become wealthier with every single person that you know. And don’t listen to your Aunt Bertha/Uncle Tony ‘coz if they’re not wealthy how do you gonna get wealthy? So three percent of the world control 97 percent of all the money in the world, that’s a fact. So if you don’t do anything about it, no one else gonna do it for you. If you have any questions, concerns, or you want to take part of our VIP program, call 1-800-FUNDS34. You’ll speak to a licensed advisor to get you on the path in getting wealthy.

To get more information, you can call 1.800.FUNDS34 or apply online at Funds34.com Making Money in Real Estate with Joe Aldeguer radio show airs every Saturday on WLS 890AM Chicago’s Talk Station, 10:00 a.m. to 12 noon.

1 Comment for Florida Project, VIP Program

It was May 13 and it was the team’s last show on KABC, nevertheless, the team composed of Joe Aldeguer, Jake Hartford, Mike ‘the builder’, and Stacey Michelon did not waste any time in educating their listeners on how to invest in real estate, specifically on condo hotels.

This time, the team talked about international investing. Mike said that he had traveled to Canada and he believes that construction there and in the U.S. is different because he thinks that they are not so unionized. Even though he hasn’t worked there yet, he can see several differences aside from what was mentioned before because even the tools they work with are different. Joe told the team that the quality between creating a hotel here (in the US) and abroad is just the same.

The team agreed that if you want to invest internationally, you must research on the laws and rules there, as a matter of fact even if you’re in your hometown, so you won’t get burned in the end and you’ll be able to get your money’s worth.

Joe explained why they are focusing on making money on hotel business of real estate:

Let’s suppose I have a regular condominium, a one bedroom unit which cost me around $400,000. Well that condo if you rent it out for a month, at the most, probably would be $2500 a month. It depends on the location let’s say if that’s in Sta. Monica it would cost a couple of grand. One of the hotels there in Sta. Monica, the smallest room you could get is probably $250 a night or let’s say $200. The average occupancy rate there is 70% (you can research on that through the tourism board) so for 20 days times $200 is $4,000 per month versus just $2,000, that’s a big plus right there. But the bigger advantage which I like even more is the rights of the landlord versus the rights of the hotelier. In hotel you stay past noon and you don’t call for a late checkout guess what: your key won’t work; you’re kicked out, etc., etc. you got to go repay and sometimes if you stay just 5 or 6 hours they will charge you half the rental fee. And the other pro of the condo resort is, if you own just another condo and you got a tenant and at 5 o’clock Saturday night and you’re sitting down watching the Angels’ game and you got a call “gee, guy you got to come and fix the toilet” you don’t want to do that. You want someone to do that and if you own one or two or three units like that, they hire a company out to do that and it gets expensive where if it’s the resort run by the Morgan’s Hotel group they manage the whole property, you don’t get that call.

The team reiterated that people need to invest their money on something that will be able to return it in time to be able to save money. One thing about credit, the team said, is that it is repairable but you have to be disciplined and committed to it and don’t be afraid to invest and acquire more properties.

To get more information, you can call 1.800.FUNDS34 or apply online at Funds34.com Making Money in Real Estate with Joe Aldeguer radio show airs every Saturday on WLS 890AM Chicago’s Talk Station, 10:00 a.m. to 12 noon.

2 Comments for International Investing

In the radio episode of Making Money in Real Estate with Joe Aldeguer last July 07, 2007, the group talked about the subprime market’s status. Lending restrictions has now been tightened because of its meltdowns. Joe explained why New Century Financial and Fremont, one of the nation’s biggest subprime lenders, are shutting down. It is because Wall Street banks are now cutting the funding and it results to a lot of foreclosures.

The group believed that people going into foreclosures had misused the financing tool thus they went into wrong direction. What they stated is that those people who are into adjustable-rate mortgages, or ARMs, can refinance into another ARM instead of jumping into another program like 30-year fixed rate. H. Allen, TME’s Director of Finance, said that the mortgage is a tool that you need to use to your advantage and to better your situation.

Joe shed some pointers on how to avoid foreclosures:

• You have to keep an eye on your mortgage and see when is the adjustment;
• Refinance before it’s too late;
• Read the fine prints, you might want to hire an attorney when buying a property to look at the actual documentation;
• It’s much better that you must have a good advice from a good advisory service company. Speak with a licensed advisor, call 1.800.FUNDS34 (1.800.32637.34)

On the other hand, despite of the doom and gloom situation happening in the market right now, they mentioned that a real estate investor’s thinking is “opportunity”. There are some bargains and it’s a great time to look and take advantage of those properties. Pete Becker pointed out that if you go to a mortgage or real estate professional, make sure that everything that you do fits into your financial plan.

Joe also mentioned that Hilton Hotels Corporation recently got bid from Blackstone Equity for almost $26 billion. The team’s business model is the same with The Hilton Corporation which is the hotel industry. Also, they mentioned that name recognition in hotels is important because there is equity behind each name.

Five basic principles in Financial Planning that Peter Becker shared in his Becker’s Beat section:

1. Elimination of debt. Bad debts like car payments, etc.
2. Establishing an emergency fund. Just in case something comes up you will have the money to do that and not to put into credit card. The group wants you to have at least three months of your income and six months at the best and a side account;
3. Proper protection. The group wants you to have life insurance;
4. Retirement and college planning. They believe that you have to have about 15 times your income for the last year of your retirement;
5. Taxes – Figure out what’s your tax bracket and talk to your accountant and have them tell you what’s your retirement going to like with the taxation added into it.

The group also introduced Mike Ditka Resort in Orlando, Florida which got a rating from Travelocity is 4.8 out 5. The group is working with other projects with very high occupancy rates in Orlando and South Beach Florida, Las Vegas, Cancun and Cabo Mexico. They’re partnered with The Morgans Hotel Group in their South Beach project.

Joe Aldeguer’s projects gives the opportunity for the average person to get into the same business model and concept that the super wealthy is doing so if you are interested in any of these projects, take advantage of the following free workshops:

Upcoming Free Workshops:
August 04, 2007 – Chicago
August 11, 2007 – Los Angeles (Introduction to Condo-Resort Projects)

To get more information, you can call 1.800.FUNDS34 or apply online at Funds34.com Making Money in Real Estate with Joe Aldeguer radio show airs every Saturday on WLS 890AM Chicago’s Talk Station, 10:00 a.m. to 12 noon.

No Comments for Subprime Market's Status

Last May 19, the Making Money in Real Estate team talked about one of the hottest and new spot in Real Estate which is Mexico. Joe asked Manuel Saburit, the president of GS Company, the developing company that they are working with on a project in Mexico, as to why is everyone excited about international investing in Mexico and what has caused this. Manuel answered that this is because the Mexican government has been trying to promote their tourism as the largest industry in the country for the next couple of years. The government is helping not only Mexicans but international investors as well.

Joe then wondered why, despite the fact that to stay in a Mexican hotel you have to pay a couple of thousand dollars a night and their haves and have nots, its tourism still gets busier and busier. Maureen responded with a couple of reasons:

1. There are more and more airlines traveling to Mexico
2. It’s easier to own and travel in Mexico, people are buying property in Mexico and going there to buy one
3. Huge international destination to look for property and the type of resorts that are being built are gorgeous
4. They’re becoming worldwide destinations — the very wealthy in the US are building beautiful places that they want to go see

The team again emphasized that the key in investing on condo hotels is location. If people are going there then there’s a reason to invest. The number of people going to Mexico are going up and that number is increasing every single day!

The team also discussed NAFTA or North American Free Trade Agreement which was started with the Salinas during the late 90’s. Joe said that the agreement spurned more international investing to Mexico which Manuel agreed with. He elaborated that it’s because free trade means not only goods but as well in services, as well as financial and taxation — so that means that everything has been easier not only for US and Mexico but as well as Canada.

Manuel also explained that if you want to get richer, you should learn to diversify and follow the leaders. Mexico is determined to grow and is not just another international real estate bubble so they do not over supply and just grow exactly as the same place as the demand.

Then the team also discussed how a foreigner can own a land in Mexico, Manuel explained that before, foreigners are forbidden to own a piece of land in Mexico but it all changed when the government allowed it but they should use the title of trust that the government creates. A foreigner can own a land for 99 years, the owner can sell or transfer the lease from owner to owner for 99 years and without taxation and when the trust expire, they should renew it.

Mau cited several concerns by people interested in Mexico and they are:

1. How does the trust works?
   Mau answered this by saying that you have a 99-year lease on the property. Unless you are Mexican citizen you don’t physically own the land but you have a 99-year ease.
2. “Am I buying the property in US Dollars or in Mexican Peso?”
   The reality is that people get to buy the property in US Dollar,
3. How is their money protected?
   The title companies down there are the same in title companies and banks we have in the US. There’s been tremendous change in the last ten years in Mexico. It is very much an extension of the US.

One of the advantages that Mexico have over US, as the team discussed is that the materials are right in their fingertips unlike in the States where we have to import them.

The team also discussed that if you have a property both here and in Mexico, you’ll be able to get the best of both worlds. You could go buy a house down there (in Mexico) two, three times the size of what you can get here for the same money. If you could keep maybe a condo or something in the US, in Chicago, for the summer when it’s extremely hot in South America or in Mexico area. If you could do that… and then during the winter, from the fall until spring, go down to Mexico.

No Comments for Investing in Mexico, Back to Basic Workshop

Condo Hotels or Condotels are a popular property type in Florida, especially in hot tourist areas like West Palm Beach, Fort Lauderdale, Orlando, Tampa and Miami. With access to beaches, golf and other tourist attractions, Condo Hotel properties are a great way to purchase a vacation home with the benefits of ownership and the conveniences and amenities of a hotel room.

Condo Hotels have recently become more accepted by lenders who are now offering loans with as little as 10% down. Residency in these units is typically taken as either a Second/Vacation Home or an Investment for loan purposes. Foreign Nationals are common investors into these units in Florida as they typically purchase in vacation/resort areas.

A favorite feature of Condo Hotels for their owners is the rental pool and built in management. While not in use, the hotel can rent the units out on a nightly, weekly or monthly rental. The rents will not count towards mortgage qualifications, though.

Lenders often look for specific criteria to be met such as:

• Minimum of 600 square feet
• In proximity to vacation/resort area
• Separate Kitchen Space, Bathroom and Living Area/Bedroom
• Kitchen to be equipped for food preparation
• Voluntary rental pools

Some Examples of some great South Florida Condo Hotels are:

• The Brazilian Court in Palm Beach Florida
• Trump Las Olas Beach Resort - in downtown Fort Lauderdale Florida.
• Trump International Sonesta Beach Resort - in Sunny Isles Beach Florida
• Ocean Sands Resort and Spa - In Pompano Beach Florida
• The Ritz-Carlton Golf Club & Spa - Located in Jupiter Florida

For more information about Condo Hotels in South Florida, follow this link>>

More Florida Mortgage and Real Estate News You Can Use From
David A. Podgursky, MBA
The Mortgage Go To Guy
Your Source for Residential, Commercial, Investment and Relocation Mortgages in Florida

3 Comments for Florida Mortgage Loans | Condo-Hotel/Condotel Financing Explained