Our mission is to provide clients and investors with exceptional services through the intelligent application of real estate investing strategies and the latest mortgage financing options available today. We are dedicated to helping you build a profitable business and real estate portfolio. Through many of our strategic partners we can help provide the following.

Contact us for a free consultation. 925-954-7082

REI Capital Solutions Group was founded by Jason Wheeler. Jason has been practicing in Real Estate Finance and Investments since 2003. His main passion is to help the average consumer create success through building a successful business foundation and real estate portfolio. Jason served his community in Pleasant Hill, CA in the East Bay Area as the Vice President of Government Affairs for the Pleasant Hill Chamber of Commerce Board of Directors from 2006 to 2009..

Jason’s key to success is always finding a mutually beneficial transaction for everyone involved in his real estate transactions and investments. Jason will help you get the knowledge you need to create a significant income in real estate investments and connect you with a network of thousands of investors nationwide that want to help you succeed in Real Estate Investing.

EDUCATION: Education is the key to having success in just about any endeavor or skill we believe that in order to be successful in Real Estate Investment endeavors you must understand the various strategies that you can implement including. We can introduce you to top notch trainers that specialize in strategies like Creative Financing, Buying without using you own money or credit, finding wholesale real estate deals and much much more. You will learn from successful practitioners in the real estate investment field that bring up to date start to money systems for you to implement.

CASH FLOW PROPERTIES: If you are interested in diversifying your investments to include income-producing properties, we can introduce you to a complete turn-key solution: a national network of real estate acquisition and management professionals who can deliver cash-flow-positive, instant-equity properties in great rental markets around the country with as little as 10% down. You can literally shop for great rental properties online. Key services include property acquisition, property management, tenanting services, incorporation and tax services, and much more .You will have direct access to full comps or appraisals, mortgage documents, photos of the property and full financial’s. Contact us for a free online tour of currently available properties.

INCOME: Do you have a strong sales and marketing background? Are you highly ethical, strongly money-motivated, and interested in learning investing? Contact us to find out how you can join our outstanding team. We do not put a cap on your up-side potential. We pay for results.

COMMUNITY: Do you believe that investing is a team sport? We do! We can introduce to you a network of over 12,000 investors, brokers, lenders, lawyers, accountants, agents, property managers, deal locators and instructors so that you always have someone to consult to provide support, mentoring, advice and assistance with your next deal.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Event |

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Come to an Event | Subscribe RSS Feed | 925-285-2172

"The Weekend Wrap Up"

Presented by Jason Wheeler

As someone who is always looking to create success I enjoy bringing you articles and information that I have found extreme value in. I hope that you find them worth a look and maybe have ah ha moment when I share these with you every now and again.

Obviously this recession has hit many people very hard. In fact many would say that if you have a job at all you are one of the lucky ones. I believe that more millionaires will emerge during this time than most others in history. Successful people find a way to persevere in tough times and often rise to the top!

Here are some of the things that I can help bring to the table for you if you would like to chat or connect please don’t wait to get in touch:

Interesting Articles and Books

Below are some articles and information that I’ve come across this week that I think are worth sharing. If you agree please share them.

Video Of the Week

When I saw this video not only is it extremely entertaining but it is a great testimonial as to achieving what seems to be impossible if you are truly persistent. When you watch it you will know what I mean. These guys had to have tried to make this work countless times before it actually worked out the way you see it.

Let me know what you think and ENJOY!

Financing Trends

Here we are wrapping up Friday 3/5/2010. Mortgage rates are still extremely low. Some of the niche programs for first time buyers and tax credits are still available.

You can look at weekly rate trends Here | Popular Funding Programs

If you have financing questions, or want to learn more about what we are doing as Real Estate Investors? Or if you are looking for new income or lending sources… Don’t hesitate to get in touch with me anytime! Right now we have access to over 300 non traditional lenders looking to give you money for your real estate deal.

Real Estate Investor Events This Week!

Investor Forum in Bay Area CA RSVP Here!

This is your opportunity to learn from pros that are making local deals. If you would like to get started and work with a team of professional real estate investors you absolutely deserve to receive the information that we will be sharing this evening!

• Sacramento Register

• Pleasanton Register

If you would like to network and learn with people who are truly creating success with Real Estate Investing in today’s market you don’t want to miss this.

Connect with Jason Online!

Facebook | Twitter | LinkedIn

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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What is the First Time Homebuyer Program?

It is a second mortgage loan program to assist qualified low-income individuals with the purchase of their first home.

What are the maximum income limits and FTHB loan amounts?

Income eligibility is based on Household size. The maximum loan amount is determined by the income bracket of the household. Households earning at or below 100% of Area Median Income are eligible for up to a $40,000 loan. (Refer to household size at all income levels)

How much money can I borrow?

The maximum loan amount is 20% of the home sales price, or appraised value, whichever is lower, up to the maximum of $40,000 based on household income and household size.

* As of April 2, 2009

Who is eligible for a loan?

Borrower must be a first time homebuyer, which is a household that has not owned a home within the past three years. Borrowers must be able to qualify for a first mortgage from a participating lender. The homebuyer must provide a minimum of 3% of the purchase price.

What homes are eligible for purchase?

Homebuyers may purchase an existing single-family detached home, condominium, or townhouse located anywhere within Concord City Limits.

What are the loan terms?

• Borrower’s Disclosure (currently being updated)
• The loan is a zero-interest, 15-year loan. Loan payments are deferred, with the loan being due at the end of 15 years or earlier if the house is sold.
• The City loan carries shared appreciation, when the home is sold. For example, if the original sales price is $200,000 and the City loan is $20,000, the City’s "share" of the appreciation is 10%. At the time of sale or refinance to pay off the City loan, 10% of the appreciation will need to be paid to the City. When the City loan is paid off the shared appreciation obligation ceases.

Inclusionary Housing

The FTHB Program may be used in conjunction with affordable units generated through the Inclusionary Zoning Ordinance to purchase a new home. The income eligibility is based on household size and is allowable up to 120% of Area Median Income cap ($107,150 for a family of 4). In cases where the FTHB Program is used to purchase an Inclusionary unit, the loan may be increased up to $50,000. This increase is intended to encourage low and moderate-income families to purchase inclusionary units, which are subject to the 45-year deed restriction. Although new inclusionary units are not for sale at this time, units are anticipated to be built over the next few years.

Are there any other requirements?

• Borrowers must attend a City-approved FTHB Counseling Workshop. Schedule a free workshop online through www.Crediteducation.org Classes are typically held within Concord at least two Saturdays per month.
• A home purchased under the FTHB program must be, and remain, the borrower’s principal place of residence. The property cannot be leased or rented during the term of the City loan.
• Persons with ownership in most real estate assets are not eligible.
• Funds are limited. Assistance is provided on a first-come, first-served basis, as long as funds remain available.

For First Time Home Buyer classes schedule on-line at: www.crediteducation.org.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

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So what are the incentives and advantages of the the FHA and HUD Sales Incentive?

• 110% Loan to Value is allowed in most counties
• $100 down payment when you use FHA financing
• $5000 sales credit allowed from FHA for repairs at closing using FHA
• 3% HUD allowed for closing cost assistance.

So with all these awesome benefits how the heck to I qualify. Well only HUD owned homes can use this program. You can find a HUD Owned Home Here and only owners who intend to occupy the home are eligible. If you would like to see if you or a friend qualify all you have to do is call us and we can get you qualified in 10 minutes.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

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MCC funds now are available.

Program Summary

The Mortgage Credit Certificate Program, authorized by Congress in the Tax Reform Act of 1984, provides financial assistance to "First time homebuyers" for the purchase of new or existing single-family home. In 1985, the State adopted legislation authorizing local agencies, such as Contra Costa County, to make Mortgage Credit Certificates (MCCs) available in California. Contra Costa County MCC authority can be used in all cities as well as the unincorporated areas of the County. The Contra Costa County Community Development Department will administer the program.

What is an MCC?

The MCC Program is a homebuyer assistance program. The MCC provides qualified first time homebuyers with a federal income tax credit. Income tax credits reduce an individual’s tax payment(s) by an amount equal to the credit. Under the MCC program, the maximum tax credit available is equal to 20 percent of the annual interest paid on the borrower’s mortgage. By reducing the borrower’s federal tax liability, the tax credit essentially provides additional income which can be used for mortgage payments.

How does the MCC reduce your taxes?

In the example given in Table 1, a borrower with a 7.5 percent fixed rate 30-year mortgage of $150,000 would make $11,203 in interest payments during the first year of the mortgage.1 Under normal circumstances, the borrower deducts 80 percent of that interest ($8,962 in our example)-along with other allowable deductions-from his total gross income in order to figure the "adjusted gross income" used to calculate his/her total tax liability. After the borrower has calculated the total tax liability, under the MCC program the remaining 20 percent of the interest ($2,241 in our example) is also deducted from his/her total tax liability. If this subtraction results in a negative number-in other words, if the borrower is unable to use the entire MCC tax credit in this particular tax year-the credit may be carried forward and used, up to three calendar years in the future. The borrower may consider adjusting his/her federal income tax withholding (W-4) so as to benefit on a monthly basis for the MCC. By taking this action, the borrower will have more disposable income to make mortgage payments.

Note that the MCC program applies only to the borrower’s federal tax liability. State taxes are not affected.

What are the purchase price and income limitations for MCC Participation?

Mortgage Credit Certificates are available to first-time homebuyers in Contra Costa County. Table 2 shows the purchase price and income limitations for MCC Program participants.

How does a borrower obtain an MCC?

To obtain an MCC, a purchaser of a new or existing single-family home works with any mortgage lender participating in the MCC program and applies for an MCC and a mortgage loan at the same time. Lenders process the underlying mortgage using standard procedures, with adjustments to those procedures as needed to satisfy the MCC requirements. The lender is responsible for underwriting and execution of required State and federal certifications and affidavits. The County reviews executed certifications and affidavits from the lender in order to determine qualification and eligibility of the MCC applicant.

May an MCC be used with a re-financed loan or to assume an existing mortgage?

An MCC cannot be issued to a homeowner who is refinancing an existing mortgage or to an applicant desiring to assume an existing mortgage unless (1) the mortgage is held by a current MCC holder and (2) the sales price of the house being sold falls under the sales price maximum for the program. In all other cases, only new, first mortgages are eligible for MCC participation.

Loans with an MCC attached to them can be refinanced once and the MCC can be reissued. If the refinance loan is then refinanced, the homeowner loses the MCC. The RMCC can be done directly with the homeowner without involving the lender. There are no restrictions regarding the amount that can be refinanced. The fee for an RMCC is non-refundable $200. RMCC Letter, RMCC Application, RMCC Certifications, RMCC Application Checklist

How many MCCs will be available under the program?

The number of MCCs available depends on the amount of issuing authority for which the jurisdiction applies.

Potential for recapture of portion of the tax credit if home is sold within the first nine years after purchase.

In order to discourage individuals from buying a home primarily to benefit from the tax credit and short term appreciation potential, the federal government has initiated a recapture of a portion of the tax credit if a home is sold within the first nine years after purchase. Certain conditions must exist for the recapture to take effect. The County MCC staff and your lender can outline the specifics of this recapture program at the time of your application.

APPLICATION AND ELIGIBILITY REQUIREMENTS FOR MCC PROGRAM

The Contra Costa County MCC Program eligibility requirements are as follows:

• MCCs will be available only to "first-time homebuyers", (i.e. not owning a home within the past three years).
• As first-time homebuyers complete their normal loan application process with a participating lending institution, their mortgage lenders will prepare MCC applications and forward them to the County. The County will then issue MCCs on a first-come, first-served basis according to when the initial application is received by the County. County staff requires 5-7 days for application review and processing.
• Applicants may buy a residence only for their own occupancy, not for rental or reinvestment. Occupancy as "principal residence" must be within 60 days of the close of escrow.
• Applicants must pay a non-refundable application fee of $200 at the time the lender applies to the County on their behalf.
• The MCC can be used when buying a new home with a maximum purchase price of $629,005, ($768,784 in Target Areas) or an existing home with a purchase price that does not exceed $619,381 ($757,021 in Target Areas).
• MCCs can only be transferred in cases where the home is being sold to another eligible MCC applicant. In such a case, all MCC requirements must be met and the mortgage must be assumed for the transfer to occur.

Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |

Get FREE MP3 of Think and Grow Rich and download the ebook by Napoleon Hill!

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Come to an Event | Subscribe RSS Feed | 925-285-2172

When I talk to people about how I got started in real estate investing they often assume they don’t have time… The fact is that when I got started I was waiting tables 6 nights a week in the restaurant business. The people that find success in real estate often start part time while they work a full time job. The important thing is to get started somewhere. The key is to build a base, learn everything you can and create some contact and mentors. By no means do you need this to be a full time endeavor at first. All of these are the reason why you should attend one of our free events. You will have an opportunity to meet others experienced and novice that want to help you succeed. You will also gain knowledge that will empower you to take action on those first deals. Finally we can show hundreds of resources to create capital for your projects. One of the biggest misconceptions is having the money to get started. Right now I can introduce you to over 300 non traditional lenders that want to lend you money for your real estate deals!

Here is what Patrick Esposito says about getting started full time or part time.

Real Estate Investing: part time or full time?

By: Patrick Esposito

When one gets the real estate bug, then it is logical to take this business to the highest level possible, as fast as possible. If you work full time at something, you will make more than if you worked part time. Right? All things being equal, probably. The standard rule of thumb is to start part time, and go full time when your part time income equals your current full time income. Most people who invest in real estate full time for a living have probably been doing this for a while, and have a reasonable income coming in. One of the great benefits of investing in real estate is that you could work at this part time, and still become wealthy over time.

When the time is right, you will know it. Don’t go at it full time, hoping to have a great year and make “good” money. People get involved in real estate to produce cash flow, yet if they quit their job to focus only on real estate, they are stopping their cash flow. Whether buying for long term rentals, or flipping for quick profits, you can make a substantial amount of money working part time. As you gain experience, you will develop skills to help you save time, and accomplish more. For example, you will know the right qualifying questions to ask. You will also be familiar with different areas, and will know which properties to follow up on, and which ones to pass on. You will be able to determine all of this without ever leaving your home.

Working full time can tend to put pressure on you to consistently do deals. Because of this, you may purchase properties that may be better to pass on. You become anxious to do that next deal, and even the mediocre ones start to look ok. They all have potential. You must know what you are doing. After all, you do this full time. Right? If you decide to invest in real estate full time, do not do it just to massage your ego. There are many ways to do that.

Build your base first. Your base consists of your experience, your knowledge, your motivation, your credit, your asset base, and your cash flow. All successful endeavors start with a plan, and short and long term goals. You may start part time, and have a goal to go full time after a certain amount of time. Build a strong foundation, which takes time, and your success is sure to follow. Remember to always be an informed investor.

Author Resource:-> To be an informed investor, be sure to visit www.TheInformedRealEstateInvestor.com

Article From Real Estate Pro Articles

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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95% LTV is back on Agency Conventional Loans Borrowers may now get 95% LTV if they meet the following criteria:

• 95% Purchase and Rate/Term refinances
• Specific Affordable Products only (see below)
• Borrower does not have to be a First Time Homebuyer to qualify. However , First Time Home Buyer’s must complete training course.
• 680 Minimum Score Requirement
• 1 unit property only (SFR and PUDs. Condos maxed at 90% LTV)
• 2 months. reserves required regardless of AUS findings
• 3% down payment and reserves must be borrower’s own
• Borrowers can only own 1 property (No 2nd homes or rentals)
• Full appraisal required regardless of AUS findings
• 3% Seller Concessions maximum allowed
• Counseling only required for First Time Home Buyers
• Income limitation waived on MyCommunity program if property is located in a Fannie Neighborhood
• Mortgage insurance must be ordered through Genworth (GE)
• These Genworth overlays apply to product guidelines
• Now available in CA, FL, NV, and AZ
• Standard Conforming Fixed is not eligible. Must fit into one of the below programs
  

  Available Programs:
  • Freddie’s Home Possible Doc #5335 (Fixed Rate only) • FNMA MyCommunity Doc #5325 (Fixed Rate, 5 yr ARM and 7 yr ARM

  Additional benefits (see product descriptions for full details):
  • Reduced MI coverage available (16% MI coverage). This is a great selling tool against FHA! MI is reduced and unlike FHA, the MI may be removed after 2 years if home has appreciated in value. Borrowers completing GE’s Counseling Saver Program may receive additional rate discoun

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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Since 2003 I have been helping people finance their real estate deals… over the past few years it is no secret that traditional bank financing has become more and more difficult. Instead of a borrower fitting into any given banks "box" the banks are having you fit into more of a sugar cube! Has this been a problem for you?

I have recently identified several sources for money lending that is available by non traditional means for Real Estate and other business endeavors. I you have not been able to get a loan from a bank you have to hear about these sources. If you would like to know about some of them then Email Me

I would also really like to share with you this week two books that were introduced to me. If you are driven to succeed? No matter what in, check these out and pick them up!

1. Crush It!: Why NOW Is the Time to Cash In on Your Passion
2. The Alchemist (Paperback)

Will Smith has always been an entertainer since I was a kid. Growing up I never thought he would turn into the inspiration that he is today! I had to share this video that I found with you! I hope you enjoy it and pass it on. It is absolutely worth watching

Click here to view the embedded video.

Must watch!

Here we are wrapping up Friday 1/29/2010. Mortgage trends are relatively flat for the week. You can still lock in loans under 5%

You can look at weekly rate trends Here.

If you have financing questions, or want to learn more about what we are doing as Real Estate Investors? If you are looking for new income or lending sources… Don’t hesitate to get in touch with me anytime!

Real Estate Investor Events This Week!

Investor Forum in Bay Area CA RSVP Here!

Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.

BENEFITS
Maximum LTV of up to 125% with no maximum CLTV.*
Loans with an LTV greater than 80% with an escrow waiver on the original loan may be eligible for an escrow waiver on the new loan.*
Minimum credit score determined by LP.
Proceeds of up to 4% of current unpaid balance or $5,000 can be used to pay closing costs/prepaids and financing costs.
Mortgage insurance is not required if existing loan does not have mortgage insurance.

FLEXIBLE TERMS
15-, 20- and 30-year "xed-rate
5/1 adjustable-rate option

ELIGIBLE PROPERTY TYPES
1- to 4-unit properties
Freddie Mac-eligible condominiums**
Planned unit developments (PUDs)

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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95% LTV is back on Agency Conventional Loans Borrowers may now get 95% LTV if they meet the following criteria:

• 95% Purchase and Rate/Term refinances
• Specific Affordable Products only (see below)
• Borrower does not have to be a First Time Homebuyer to qualify. However , First Time Home Buyer’s must complete training course.
• 680 Minimum Score Requirement
• 1 unit property only (SFR and PUDs. Condos maxed at 90% LTV)
• 2 months. reserves required regardless of AUS findings
• 3% down payment and reserves must be borrower’s own
• Borrowers can only own 1 property (No 2nd homes or rentals)
• Full appraisal required regardless of AUS findings
• 3% Seller Concessions maximum allowed
• Counseling only required for First Time Home Buyers
• Income limitation waived on MyCommunity program if property is located in a Fannie Neighborhood
• Mortgage insurance must be ordered through Genworth (GE)
• These Genworth overlays apply to product guidelines
• Now available in CA, FL, NV, and AZ
• Standard Conforming Fixed is not eligible. Must fit into one of the below programs
  

  Available Programs:
  • Freddie’s Home Possible Doc #5335 (Fixed Rate only) • FNMA MyCommunity Doc #5325 (Fixed Rate, 5 yr ARM and 7 yr ARM

  Additional benefits (see product descriptions for full details):
  • Reduced MI coverage available (16% MI coverage). This is a great selling tool against FHA! MI is reduced and unlike FHA, the MI may be removed after 2 years if home has appreciated in value. Borrowers completing GE’s Counseling Saver Program may receive additional rate discount

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler 925-285-2172

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