Extended Advice: Beginning or Advanced Real Estate Investors

Honestly, even if you're not an investor but simply looking to buy a home, you should listen to this.

This Blog Radio Entry was done by Darrick Scruggs of My First Michigan Home (www.MyFirstMichiganHome.com).

Warning: It is long, almost 30 minutes. Let's face it, he's going to promote himself, but quite honestly, his self-promotion is only three minutes total--TOPS--throughout the ENTIRE recording. He covers enough different and interesting topics that I strongly suggest you listen to it, even if it's in chunks.



Here are some of the key topics he addresses:

$8,000 Tax Credit: This includes the expiration date, who qualifies, and the provision to keep the ENTIRE credit without repaying it. He even addresses whether Land Contracts qualify. He also compares this to earlier tax credits the government offered and explains why this one is so special.

First Time Home Buyer: If your prospective buyer owned a house before now, it's POSSIBLE he or she still qualifies as a "First Time Home Buyer." This is important, because these loans are the easiest to obtain right now. That means this pool of buyers have the greatest access to money to buy your home.

Home Buyer Education Program: Buying a home is pretty, no, really scary. Why? Because there is so much paperwork and money involved, it becomes overwhelming really quickly. Darrick outlines this.

203K Program: This is a special program, enabling someone to get funds to rehab a home in certain situations.

My First Michigan Home Services: While he is promoting his business, he does a great job explaining how he helps the buyer. He walks people through the entire process, inclucing credit repair, applying for and obtaining loans, budgeting properly--not overextending yourself, ways to expedite the buying process, etc.

I'm going to take a moment to brag on Darrick. I happen to know him, and I'm really proud of him, anyway. He's a special talent with a kind heart to match. There's more, though! Through his My First Michigan Homes (and other companies that he owns), he wants to adopt many Detroit families through the Volunteers of America. The number of people he helps is directly dependent upon the number of homes he sells.

As Darrick puts it, "There's no right way to do the wrong thing." Darrick is finding all sorts of ways to do the right thing.

You can visit his page at www.MyFirstMichiganHome.com
or his blog at www.MichiganPropertyVirgins.blogspot.com.