INTRODUCTION
Thanks You NARS Members! We truly appreciate your courage and commitment to making your life better through real estate. NARS reciprocates your serious commitment with our own and will work in every way to provide you the services needed to bring you success. Our Newsletter will provide you with helpful information to thrive in the current market, links to what is going on in the community and advertisement space to let members share their opportunities with other members. Be sure to check out each article; you may find that important tip which cements your next deal!
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From Bill's Desk...
From
Bill's Desk is the blog by the man himself. In each newsletter we will
highlight a new article from this section. Simply go to www.landtrust.net/bills_desk/ to read previous post.
OK, let's talk benefits and features for our various target audiences...
Benefits for Buyers. The NARS Equity Holding Trust Transfer System™ buyers can...
- Acquire a home with minimal or NO cash, no new loan and no credit application
- Shield your home from lien threat from bankruptcy, marital dissolution, lawsuits and even tax liens
- Enjoy full income tax deduction benefits for mortgage interest and property tax with public notice of your ownership interest
- Shield your ownership against creditor claims, actions in marital dissolution and actions in probate
- Hide your homeownership from the prying eyes of the snoopy among us ...neighbors, creditors and lawyers
- Live
in your own home for years with all ownership benefits, and still
qualify for a first-time homebuyer's loan on your next home purchase
- Allow
appreciation and loan principal reduction to eliminate your housing
costs over time (i.e., get back all or most of your monthly housing
costs of tenancy at its termination)
Benefits for Buyers. The NARS Equity Holding Trust Transfer System™ buyers can...
- Acquire a home with minimal or NO cash, no new loan and no credit application
- Shield your home from lien threat from bankruptcy, marital dissolution, lawsuits and even tax liens
- Enjoy full income tax deduction benefits for mortgage interest and property tax with public notice of your ownership interest
- Shield your ownership against creditor claims, actions in marital dissolution and actions in probate
- Hide your homeownership from the prying eyes of the snoopy among us ...neighbors, creditors and lawyers
- Live
in your own home for years with all ownership benefits, and still
qualify for a first-time homebuyer's loan on your next home purchase
- Allow
appreciation and loan principal reduction to eliminate your housing
costs over time (i.e., get back all or most of your monthly housing
costs of tenancy at its termination)
Benefits for Sellers. With the NARS Equity Holding Trust Transfer System™ sellers can...
- Receive the highest value for your sale, even in a ‘down market'
- Effect
seller-financing without the risk of a title transfer...until the
property is sold or refinanced upon the trust's termination
- Avoid a triggering of the underlying lender's Due-on-Sale Clause when owner-financing "subject-to"
- Enter owner financing with the highest degree of safety relative to defaults and tenant threats
- Avoid the onerous expense of foreclosure and/or ejectment actions in the event of tenant-buyer default
- Avoid wasting time and money in evictions, foreclosures and ejectment in dealing with default
- Continue
your own income tax benefits even after the transfer of homeownership
benefits (including tax deductions) to a resident beneficiary
- Avoid virtually any lien, judgment or other creditor action against the property (even IRS liens)
Benefits for Realtors©. With the NARS Equity Holding Trust Transfer System™ Realtors© can...
- Provide clients with virtually 100% of ALL the objectives and benefits of heretofore dangerous seller-financing programs, without the risks and downsides of lease options, contracts for deed, wrap-around mortgages and equity shares...and all without a title transfer to the acquiring party
- Deal with any buyer in any market regardless of available cash or credit; or time in-area or on the job
- Deal with any seller in any market regardless of there being little, NO or even negative equity in the property
- Move over-encumbered properties quickly for full commission without the need for short-sales
- Excel commission-wise in any market...up or down (e.g., in a seller's or buyer's market)
- Explode your wealth and income for a lifetime by knowing how to do that which others can't do
- Work comfortably with foreclosures without violating legal civil code regulations and restrictions
- Discover an enormous heretofore hidden market that is ready and willing to be exploited for big commissions
- Close Escrow (if there is to be one) and collect your omissions within days instead of months
Benefits for Investors. With the NARS Equity Holding Trust Transfer System™ investors can...
- Acquire "free houses" in any market, and in any state, virtually without risk
- Exploit a dozen profit centers beyond Equity when none exists in the beginning
- Acquire unlimited amounts of real estate without down payments or loan qualifying
- Deal in all forms of seller-carry financing without title transfer or undue risk for the seller, yourself or your tenant-buyer
- Allow your renters full income tax benefits, while greatly enhancing your rental income at the same time
- Eliminate the ordinary headaches of "tenants, toilets, trash, trouble and turn-over" in income property ownership
- Armor-plate all your real estate holdings against creditor judgments and liens, including IRS liens
- Take over the payments on virtually any true mortgage without a due-on-sale clause compromise
- Deal in "pretty houses" versus fixer-uppers, remodels and flips and their respective expense and initial outlay of cash
- Make BIG profits and regular income even with over-encumbered properties
- Work foreclosures with safety and impunity re. stringent legal regulations and restrictions
- Own and hold income property in any geographical area without needing to be here
- Eliminate all commitment risk and spend nothing on any property until someone else is ready with all the cash you need
Benefits for Mortgage Brokers. With the NARS Equity Holding Trust Transfer™ mortgage brokers can ...
- Earn commissions from seller and buyer-prospects who would otherwise have to be rejected
- Provide clients with effective interest rates that are far below current mortgage rates
- Save face, future commissions and clientele when today's credit parameters can not be met
- Excel and thrive in a down (sellers) market when many of your peers are bailing-out due to lack of business
- Jump-start
transactions wherein a buyer's funds may not be sufficiently seasoned;
or when one's FICO score, or time-in-residence or on-the-job, would
otherwise bring about a rejection by underwriting
- Make money referring rejected properties and applicants to investors familiar with the use of the NEHT Transfer System™
Benefit
for Asset Protection Specialists (Estate planners. Attorney and
accountants). As a financial planner, you can provide your clients
with...
- A safe means for eliminating their burdens with overly burdensome, over-encumbered or otherwise unwanted properties
- Homeownership benefits without credit or large up-front expenditures
- All the benefits of homeownership without title transfer or public notice of their ownership interest
- Large income tax benefits, not enjoyed or available at present
- Safe investment opportunities in real estate, even in view of the sub prime meltdown and the nature of the prevailing real estate market
- A means for tripling and quadrupling their net income on rental properties
- The
ability "condominiumize" an apartment building without standard income
tax reporting, permits, variances, separate meters, separate party
walls, etc. (i.e., one trust wherein each tenant is a co-beneficiary)
- Provide
you RE investor clients with a means for converting a large vacation
property into a "time share" without any of the standard governmental
restrictions, requirements, permits, approvals, etc. (i.e., one trust2
to 22 beneficiaries)
· investment opportunities beyond the scope of governmental regulation (i.e., one LLC with 10-15 members,
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Inside Tech
Welcome to all of you looking to thrive in this age of technology
overload. It is often hard to determine what direction one should go.
Do I need a website? What kind of website? How do I manage my leads?
How do I get more leads? The network is here to help us decide which
direction we all should go. Currently Network Members should notice the
new Beta Trust Manager. This is just the tip of the iceberg. Around
the corner you will soon notice a new members area. Each month we will
start a thread in the discussion board to let you, our Network Members,
share with each other on the topic of the month and help guide our
focus.
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It's in the Docs
Joe Cain, aka DocMan Joe, dispels much of the confusion about our
mercurial Proposal Template in an article available on the NARS website
appropriately titled The NARS Proposal Template. In it, he covers the
finer points at the source of the confusion, including: its history,
function, and raison d'tre. Take a hike with Joe down the
trail of Proposal Template enlightenment. Click here for Article, The
NARS Proposal Template. |
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BLUEPRINT FOR SUCCESS by Roberta Standen
THE STAGE IS SET and the House Lights dimmed in anticipation of Act I.
The question is "Are you satisfied simply to buy a ticket and sit
comfortably back in your chair watching one of the best opportunities of
your real estate entrepreneurial career silently slip away" Are you
really satisfied to stand on the sideline and simply watch as others
get into the act?
The scene is not a pretty one considering the chill wind of a possible
recession led by the real estate industry sweep across the country
partially as a result of the sub-prime meltdown and the credit crunch
that is following. US home sales have plummeted to their lowest level
in 4 years with analysts warning that a "freefall" in market will
continue. On August 28, the S&P Case-Shiller U.S. National Home
Price Index showed that home prices fell 3.2% in the second quarter.
According to the National Association of Realtors, the inventory of
unsold homes is at a record high. Additionally as sales have fallen,
many home builders have seen their inventory increase by more than 60%
during the past year. Despite this, builders continue to build to keep
their organization working.
Act II is not much better! Despite President Bush's proposal to
encourage FHA Lenders to allow families with strong credit but who are
now in foreclosure to reset their loans, and the efforts of lawmakers,
consumer groups and lenders entering into discussion with the mortgage
industry encouraging them to boost efforts to avoid foreclosures, there
still remains the distinct possibility that many struggling homeowners
will be unable to avoid the tragedy of having the American Dream of
Homeownership becoming a nightmare of tsunami proportions.
Against this backdrop, what can you, in the entrepreneurial
real estate and finance community do in terms of growing wealth while
assisting sellers to move their property and buyers with the
opportunity to stake their claim in a home? Certainly the answer is not
to simply sit on the sidelines and wait for something to happen.
If you are a NARS Network Member, do you know you have at your
fingertips, or at least within arms length, the distinct ability to
solve the problems of dozens or perhaps even hundreds of home sellers
trying desperately to dispose of their property? Instead of being a
spectator slouching back in the seat, why not step up to the stage and
be a participant in solving the problems of Realtors with files bulging
with expired listings and Builders and Developers with blocks and
blocks of unsold inventory sitting vacant, financially eating them
alive. You can do it. Smart real estate professionals realize in
challenging times it is no longer possible to continue doing business
"as usual" or in the same old way. In many ways, you have the
answer, the solution for them at this particular time.
To quote Albert Einstein "Nothing Happens until something moves". Add
to that the age old but wise axiom that Opportunity swings on the
hinges of Adversity. Therefore, I dare you to, yes, challenge you to
"Enter Stage Left, Steal the Scene" and then get ready for the
accolades and applause from helping solve problems for others while at
the same time reaching a new height of success for yourself and your family.
Do it now, before the curtain comes down.
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Member's Corner with Scott Moyes
Our
members are some of the most knowledgeable investors that you will
find. Member's Corner provides all of you the space to share your
insights. Let's get to this month's member, Scott Moyes.
FLIPPING WITH THE NARS NEO
Scott L. Moyes,
Founder
The Financial Fitness Revolution, LLC
Professional NARS Network Member
Co-Author of the Best Selling eBook, "Working with Realtors and Lenders"
How long are your Non-Exclusive Option Terms, 30, 60, 90 Days? All my
NEOs are a min of 90 Days. Other than giving you an opportunity to just
walk away (and you need to learn how to do that), there is really no
reason for a "limit" on the Option Term. After all, it is
"Non"-Exclusive. What does it really matter how long the term is for if
you are not taking away the ability for the seller to market or sell in
other ways?
Also, what other Options are YOU considering yourself? God forbid
someone can actually qualify and wants to buy the place. What do you do
if that happens, just turn them over to the Seller and walk away? Hell
No!
I have "Flipped" many houses because a "Qualified Buyer" called on my
ads or saw my sign in the yard. Remember, you have An Option to Acquire
an Interest in the Seller's Trust. Your Option does not say it has to
be an RB. It just says you have an option.
If this does happen, have the Buyer make an offer. Just remember, the
offer has to be made to the Trustee. Now, have the Buyer put up an
earnest money deposit enough to pay for the Trust Setup etc so you can
create the Trust and get a Specific Power of Attorney signed by the
Seller. Then direct the Trustee to accept the offer and sell the place
to the Buyer. The difference between what you negotiated or agreed on
with the Seller and what the Buyer will pay is now profit and can be
deposited right in HNB (Hip National Bank for those not "hip" yet).
Hint: If you find a "Buyer", you may want to go back and re-negotiate An All Cash Price with the Seller.
Bonus: If you really want to razzle and dazzle the Buyer, then make
them a Beneficiary of the Trust also before they make their offer. That
may, depending on your deal, allow them to recover some, if not all of
their Down Payment and or Loan Closing Costs in upfront cash at closing
as a Beneficiary. Once you've mastered this, NO ONE in your local
market can compete with you.
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On the Board
Have you visited our NARS Discussion Board lately? Open 24 hours per day, seven days per week, this valuable tool is available to all for FREE. Nearly every Topic related to the NARS Equity Holding Title Transfer System™ has been addressed in the form of Topic Posts and Replies for you to read, research, study and learn on your own time schedule. There are different Sections for Trust questions, Tech questions, Documentation questions and others. In this area of the Newsletter, we will highlight Topics that you can find "On The Board".
To read more simply visit www.landtrust.net/board/.
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Office Updates
- New Documentation system...
- Website & database system updates
-
Monthly Newsletter...
- New call routing...
- Call and email tracking and history...
- Extended hours...!
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Office Updates...
There are so many great changes afoot here at NARS HQ! We're always
working to make your experience better, faster, easier and friendlier
and I'm happy to announce that we've got a number of enhancements in
the works and a good number more that are all ready to go!
Among the items coming down the pipeline, look for a series of updates
to our website and to our documentation system. In fact, we're
currently in the beta testing phase of the new system that'll
streamline the entire process of documentation. We can't wait to
introduce it to you, so be sure to keep an eye out for it!
In addition, and as you can see, we've resurrected our monthly
newsletter to better keep you in the loop with insightful articles,
helpful tips and updates on what's happening on our end of the world.
We'll continue to have advertising space available to you so be ready
to submit your ad to us for the next issue. Space is limited, so be
ready to pounce when we announce the openings.
And last, but definitely not least, we've changed a number of things
here in the office in how we handle your calls. We heard what you were
saying and we've made a number of significant changes. We've rerouted
how and to whom your calls are directed when you call in so that you
can have the most immediate and effective responses to your questions,
we're tracking our interactions with you now in a new software package
so we can do less asking and you can do less repeating...AND...we're
very proud to announce we're expanding our phone hours by 2 hours on
each side to better accommodate your busy schedules! Call us from
7:00AM to 7:00PM with your questions and we're here to help you as best
as we can!
Closing
NARS members, this is our time to shine. The market is right for
the answers we provide. Together we will build our opportunities and
share them with each other. The power of the network starts with each
individual's participation.
Thanks again,
The staff of NARS, Equity Holding Corp (Tom and Thomas) and Roberta Standen, and Scott Moyes
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Upcoming Events
2 Day Workshop:
Los Angeles, CA Saturday, October 20th thru Sunday, October 21st
Location Info: Sheraton Gateway Hotel, Los Angeles, 6101 W. Century Blvd. (At LAX Airport) Hotel Phone: 310-642-1111.
2.5 Day Workshop
Anaheim, CA Friday, October 26th thru Sunday, October 28th
Location Info: Sheraton Park Hotel at the Anaheim Resort, 1855 South Harbor Boulevard Hotel Phone: (714) 750-1811
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