What You Need To Know About E-Verify

By: Shelley Phelps

What is E-Verify?

E-Verify was originally introduced to employers as the Basic Pilot Program. The program was developed to provide employers with a free internet-based system where they could determine employment eligibility of new hires and the validity of their Social Security numbers. The system is operated by U.S. Citizenship and Immigration Services (USCIS), part of the Department of Homeland Security (DHS) partnered with the Social Security Administration (SSA). Employers are able to verify the employment eligibility of their employees, regardless of citizenship. Based on information provided by the employee on his or her Form I-9, E-Verify confirms this information electronically against records contained by DHS and SSA databases.

E-Verify Registration

Currently, E-Verify offers employers the best option to electronically verify the employment eligibility of their newly hired employees. You can register online for E-Verify (https://www.vis-dhs.com/EmployerRegistration). Upon completion of the registration process, you will be required to sign a Memorandum of Understanding (MOU) that supplies the terms and agreement between you the employer, the SSA and DHS. The MOU must be signed by an employee with the proper authority to do so.

After you register for the automated system, The MOU, User Manual and Tutorial contain instructions and other related materials on E-Verify procedures. You must complete the tutorial before using the system.

Do I Still Need Form I-9?

The use of E-Verify does not replace the requirement that all employers in the U.S. and all post-November 6, 1986 hires complete Form I-9. E-Verify is processed in addition to the mandatory completion of Form I-9. Currently, USCIS does not offer the use of the electronic Form I-9.

After hiring a new employee and completing the Form I-9, you will be required to submit the following information:

-Employee/s name and date of birth

-Social Security Number

-Citizenship status

-An A number or I-94 number, if applicable

-Type of document provided on the Form I-9 to establish work authorization status

-Proof of identity, and expiration date when applicable

The response to your initial query is sent within seconds of submitting the information. Please note that documents provided from ?List B? for the Form I-9 must have a photograph.

When Can I Run an E-Verify Query?

An employer may not initiate a query until an individual accepts an offer of employment and after the employee and employer complete the Form I-9. This query must be initiated by the employer within 3 business days after the new hire?s actual start date.

Employers participating in E-Verify must verify all newly hired employees, both U.S. citizens and non-citizens. Employers are not to use the program to prescreen applicants for employment, confirm current employees hired before the MOU was signed or re-verify any employee who with temporary work authorization.

E-Verify cannot be used to verify immigration status, only a new hire?s employment eligibility.

Additionally, E-Verify cannot be used for employees who do not yet have a Social Security Number. If you have an employee with this issue, you should complete the Form I-9 process with him or her and wait to process the E-Verify. Make sure you note on the Form I-9 why you have not yet run an E-Verify query. In the meantime, you will have completed the Employment

Eligibility process with your employee and verified his/her work authorization so that your employee is permitted to work temporarily without a Social Security Number. Once the employee has received his/her Social Security Number you may run the E-Verify query.

Is E-Verify Mandatory?

Participation in E-Verify is voluntary for most employers with some limited exceptions. Many states have begun making E-Verify mandatory for their public contractors and the federal government enacted its own amendment to the Federal Acquisition Regulation (?FAR?) mandating E-Verify for many of its contractors and some of their sub-contractors.

Employers that enter into a contract with the federal government and are required to enroll in E-Verify must register with E-Verify when the provision takes effect. After enrolling in E-Verify, the employer is responsible for reporting to the DHS if it continues to employ an individual after receipt of a final nonconfirmation notice. Continuing to employ the individual exposes the employer to a fine in addition to civil monetary or criminal sanctions that may be placed against the employer.

Under the existing E-Verify program, employers are only permitted to verify the employment eligibility of new hires ? current employees cannot be processed in E-Verify. However, large contractors feel that it would be too big a task administratively to monitor their E-Verify obligations with respect to employees assigned to the contract and new hires where numerous federal contracts are in place and the workforce varies. This has resulted in the Department of Defense and DHS creating a provision under the Federal Contractor E-Verify Rule whereby an employer may choose to query all of its existing employees hired after November 6, 1986, rather than just those assigned to the contract.

It should be noted that the proposed mandate for federal contractors to be processed through the E-Verify program has been delayed until September 8, 2009. The postponement of the mandate for federal contractors came as a result of a federal lawsuit filed by business members against the DHS. The main concern being raised is the accuracy of the E-Verify data. The Government Accountability Office (GAO) has found that the DHS E-Verify system incorrectly lists some legal citizens as ineligible to work in the U.S., and the U.S. Chamber of Commerce feels that the system has not been tested enough.

E-Verify: Pros and Cons

E-Verify may or may not make sense for some employers depending on the particular circumstances of the employer. Prior to enrolling in E-Verify, employers should give thought to conducting an internal I-9 audit and consulting with counsel. An employer may also want to consider the states in which it conducts business, review its current procedure for employment verification and weigh the pros and cons of E-Verify.

The Pros:

-E-Verify quickly verifies employment eligibility and almost eliminates Social Security mismatch letters.

-Employers utilizing E-Verify may presume that they did not knowingly hire an unauthorized worker.

-Employers in some states may be able to pursue certain types of business (state contracts).

-Protects jobs for authorized U.S. workers.

The Cons:

-Participating employers allow the SSA and DHS to perform periodic audits.

-E-Verify has been known to have mismatch problems, carrying a risk of false nonconfirmations that expose an employer to legal action.

-Employers must make an administrative commitment to the program to include training and timely management of the program.

-Improper use of the E-Verify program for pre-employment screening or to re-verify current employees exposes employers to liability.

-There is uncertainty regarding the technical capacity of E-Verify to handle a heavy load and the ability of the SSA to quickly resolve numerous confirmation issues.

Visit the USCIS E-Verify page (http://www.dhs.gov/E-Verify) for the most up to date information.

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_11018.shtml

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What You Need To Know About E-Verify

By: Shelley Phelps

What is E-Verify?

E-Verify was originally introduced to employers as the Basic Pilot Program. The program was developed to provide employers with a free internet-based system where they could determine employment eligibility of new hires and the validity of their Social Security numbers. The system is operated by U.S. Citizenship and Immigration Services (USCIS), part of the Department of Homeland Security (DHS) partnered with the Social Security Administration (SSA). Employers are able to verify the employment eligibility of their employees, regardless of citizenship. Based on information provided by the employee on his or her Form I-9, E-Verify confirms this information electronically against records contained by DHS and SSA databases.

E-Verify Registration

Currently, E-Verify offers employers the best option to electronically verify the employment eligibility of their newly hired employees. You can register online for E-Verify (https://www.vis-dhs.com/EmployerRegistration). Upon completion of the registration process, you will be required to sign a Memorandum of Understanding (MOU) that supplies the terms and agreement between you the employer, the SSA and DHS. The MOU must be signed by an employee with the proper authority to do so.

After you register for the automated system, The MOU, User Manual and Tutorial contain instructions and other related materials on E-Verify procedures. You must complete the tutorial before using the system.

Do I Still Need Form I-9?

The use of E-Verify does not replace the requirement that all employers in the U.S. and all post-November 6, 1986 hires complete Form I-9. E-Verify is processed in addition to the mandatory completion of Form I-9. Currently, USCIS does not offer the use of the electronic Form I-9.

After hiring a new employee and completing the Form I-9, you will be required to submit the following information:

-Employee/s name and date of birth

-Social Security Number

-Citizenship status

-An A number or I-94 number, if applicable

-Type of document provided on the Form I-9 to establish work authorization status

-Proof of identity, and expiration date when applicable

The response to your initial query is sent within seconds of submitting the information. Please note that documents provided from ?List B? for the Form I-9 must have a photograph.

When Can I Run an E-Verify Query?

An employer may not initiate a query until an individual accepts an offer of employment and after the employee and employer complete the Form I-9. This query must be initiated by the employer within 3 business days after the new hire?s actual start date.

Employers participating in E-Verify must verify all newly hired employees, both U.S. citizens and non-citizens. Employers are not to use the program to prescreen applicants for employment, confirm current employees hired before the MOU was signed or re-verify any employee who with temporary work authorization.

E-Verify cannot be used to verify immigration status, only a new hire?s employment eligibility.

Additionally, E-Verify cannot be used for employees who do not yet have a Social Security Number. If you have an employee with this issue, you should complete the Form I-9 process with him or her and wait to process the E-Verify. Make sure you note on the Form I-9 why you have not yet run an E-Verify query. In the meantime, you will have completed the Employment

Eligibility process with your employee and verified his/her work authorization so that your employee is permitted to work temporarily without a Social Security Number. Once the employee has received his/her Social Security Number you may run the E-Verify query.

Is E-Verify Mandatory?

Participation in E-Verify is voluntary for most employers with some limited exceptions. Many states have begun making E-Verify mandatory for their public contractors and the federal government enacted its own amendment to the Federal Acquisition Regulation (?FAR?) mandating E-Verify for many of its contractors and some of their sub-contractors.

Employers that enter into a contract with the federal government and are required to enroll in E-Verify must register with E-Verify when the provision takes effect. After enrolling in E-Verify, the employer is responsible for reporting to the DHS if it continues to employ an individual after receipt of a final nonconfirmation notice. Continuing to employ the individual exposes the employer to a fine in addition to civil monetary or criminal sanctions that may be placed against the employer.

Under the existing E-Verify program, employers are only permitted to verify the employment eligibility of new hires ? current employees cannot be processed in E-Verify. However, large contractors feel that it would be too big a task administratively to monitor their E-Verify obligations with respect to employees assigned to the contract and new hires where numerous federal contracts are in place and the workforce varies. This has resulted in the Department of Defense and DHS creating a provision under the Federal Contractor E-Verify Rule whereby an employer may choose to query all of its existing employees hired after November 6, 1986, rather than just those assigned to the contract.

It should be noted that the proposed mandate for federal contractors to be processed through the E-Verify program has been delayed until September 8, 2009. The postponement of the mandate for federal contractors came as a result of a federal lawsuit filed by business members against the DHS. The main concern being raised is the accuracy of the E-Verify data. The Government Accountability Office (GAO) has found that the DHS E-Verify system incorrectly lists some legal citizens as ineligible to work in the U.S., and the U.S. Chamber of Commerce feels that the system has not been tested enough.

E-Verify: Pros and Cons

E-Verify may or may not make sense for some employers depending on the particular circumstances of the employer. Prior to enrolling in E-Verify, employers should give thought to conducting an internal I-9 audit and consulting with counsel. An employer may also want to consider the states in which it conducts business, review its current procedure for employment verification and weigh the pros and cons of E-Verify.

The Pros:

-E-Verify quickly verifies employment eligibility and almost eliminates Social Security mismatch letters.

-Employers utilizing E-Verify may presume that they did not knowingly hire an unauthorized worker.

-Employers in some states may be able to pursue certain types of business (state contracts).

-Protects jobs for authorized U.S. workers.

The Cons:

-Participating employers allow the SSA and DHS to perform periodic audits.

-E-Verify has been known to have mismatch problems, carrying a risk of false nonconfirmations that expose an employer to legal action.

-Employers must make an administrative commitment to the program to include training and timely management of the program.

-Improper use of the E-Verify program for pre-employment screening or to re-verify current employees exposes employers to liability.

-There is uncertainty regarding the technical capacity of E-Verify to handle a heavy load and the ability of the SSA to quickly resolve numerous confirmation issues.

Visit the USCIS E-Verify page (http://www.dhs.gov/E-Verify) for the most up to date information.

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_11018.shtml

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ModifyLoansFree.org Provides a Free Bank Ready Loan Modification Package to Every Homeowner in America

By: Scott Edward

Leveling the playing field for homeowners, providing unbiased information, educating homeowners, ridding the industry of quick-buck artists and slashing costs are the goals of ModifyLoansFree.org. ModifyLoansFree.org encourages homeowners to use every available tool to modify their mortgage for little or no cost while bypassing the middleman. A Real American Stimulus Package?.

?There is no secret formula loan modifications companies follow to modifying a home loan. Any informed and motivated homeowner with the proper tools and support can modify their mortgage loan for a fraction of the cost and with less stress than hiring a loan modification company,? says Scott Edward, the driving force behind ModifyLoansFree.org.

Additionally Edward says, ?Managing a loan modification company with a broker model and law office processing for the last 11 months, we have watched in disbelief as some of the same participants who enriched themselves at the expense of the nation and homeowners are now profiting again by posing as the solution to the problem?.

?Enough is enough! ModifyLoansFree.org was developed with the express intent of providing all homeowners the leverage, knowledge, tools and practical steps necessary to dramatically increase their chances of obtaining a beneficial, realistic loan modification, regardless of their ability to pay a modification company. This is not as complex a transaction as the so called experts would lead you to believe. However, do not expect your lender to look out for your best interest. Educate yourself and negotiate from a position of knowledge and if, possible, leverage,? says Mr. Edward.

The ModifyLoansFree.org site allows registered users to create a Professionally Prepared, Bank Ready Loan Modification Package including instructions and helpful hints, Free of Charge and is available to every homeowner in America.

This new and unique system will revolutionize the Loan Modification industry. It will provide every homeowner in need the opportunity to apply for a loan modification, without the constraint of paying huge up-front fees to questionable companies. Simply go to http://www.modifyloansfree.org/ to get started on your FREE Bank Ready Loan Modification Package.

The much anticipated public release of this new system is scheduled for Friday, June 12th at 12 noon PST.

ModifyLoansFree.org feels that the time has come for a company to put human interest before profits and become a practical advocate for homeowners trying to find their way out of an unmanageable mortgage payment. Underperforming loan modification companies which charge huge fees, overpromise and under deliver, an unrepentant banking and mortgage community, well meaning but reactionary legislation and counseling agencies whom are compensated and therefore beholden to the banks have by any reasonable analysis become part of the problem and bewilder most homeowners.

ModifyLoansFree.org seeks to help any homeowner in America obtain a beneficial mortgage loan modification by offering FREE assistance in the form of a self completed Bank Ready Loan Modification submission package. They can provide you with a way out and help put you back on track to affordable mortgage payments WITHOUT the average $1,500 to $5,000 price tag charged by some attorneys, attorney backed groups, mortgage brokers, real estate agents and loan modification companies, whom are simply interested in lining their own pockets at the expense of millions of homeowners in America. In fact, ModifyLoansFree.org has received almost universal acceptance by many in the mortgage, real estate and legal professions whom also despise the huge fees and shoddy practices that seem so prevalent in the loan modification industry. These outstanding organizations are providing no cost and low cost services to their own client base as part of the ModifyLoansFree.org ?Homeowners Advocate Partner Program?.

In addition to their Free Bank Ready Loan Modification Package, ModifyLoansFree.org can provide other NO Cost (Free) and low cost educational material, tools and support services at up to an 80% discount off industry prices. They can assist you in obtaining a Comprehensive Forensic Mortgage Loan Document Audit, Produce the Note Demand, Step-By-Step Loan Modification Manual as well as Support Services and Consultation at multiple levels. In order to receive a FREE Bank Ready Loan Modification package, simply go to: http://www.modifyloansfree.org.

The FREE Bank Ready Loan Modification Package includes a cover letter, comprehensive modification proposal, debt analysis, hardship letter, instructions and helpful hints on submitting the package to the bank or mortgage company?s loss mitigation department. Homeowners can complete the application and print their Bank Ready Loan Modification Package in about 15 minutes. This will expedite the process by providing their lender with a complete package including all supporting documentation and required information up front, so that they can review the file and make an informed decision about the modification. Because the proposals are presented in a professionally organized fashion, lenders are more apt to say yes to a modification agreement.

There is a need for action to assist homeowners in America. ModifyLoansFree.org offers genuine assistance free of charge.

Media Contact Information ? ModifyLoansFree.org, is a consumer education and support service formed for the purpose of facilitating homeowner directed loan modifications with the help of inside industry information, tools and support. Media Contact: Scott Edward info@modifyloansfree.org 1-800-506-0164 Ext. 207, 11801 Pierce Street, Suite 200, Riverside, California 92505.

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_11016.shtml

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Telecoms Cost Saving, Expense Management, Cheaper Call Tariffs

By: Richard Hodgson

If your personal mobile or landline provider routinely added 10%-40% to your monthly bill we don?t think it would be long before you asked for a rebate. Surprisingly, very few businesses have acted to make telecoms cost savings, despite the fact that for many, telecoms comes second or third to staff costs in terms of total spend.

Telecoms Expense Management is a term used to define a process to check and verify voice, data and mobile comms bills; create an asset register to ensure that all circuits and services are being utilised; and to provide a price control mechanism to aid procurement.

What are companies doing to introduce TEM to make telecoms cost savings? A number of companies are leading the way and of course, as with most technologies these are based in the USA. Telecoms Expense Management is an established, billion dollar industry in the States. Major US corporations like American Express and Bank of America are rolling out comprehensive Telecoms Expense Management solutions across their global networks.

By comparison the UK is significantly behind as there is no clearly defined market for Telecoms Expense Management services here. Organisations have utilised call management software (relying on PABX data only) to log their calls and use this data to check their billing to see whether they are being overcharged. They have not necessarily made an assault on all other aspects of verifying costs to make telecoms cost savings. For example, larger organisations with multiple sites across the globe, in the process of growth acquisition are unlikely to have a centralised asset register of all their telecoms and data circuits and services. The fact that they are using numerous suppliers based upon local purchasing decisions does not help their cause either.

Some consultancies are willing to manually verify billing using spreadsheet tools only, for analysis. They will then attempt to use this information to recover monies that were overcharged. Some companies are zealous in carrying out this type of analysis but only in order to persuade you to use their preferred network provider for all your future calls, making them biased.

Telecom costs typically equate to 3.6% of a typical company?s entire P&L spend which would explain why ?telecommunications expenditure remains near the top of every CIO?s expense list? (Gartner) and why ?Telecommunications cost management has become one of the hottest sectors in today?s business process automation marketplace.? (Aberdeen Group)

More than 50% of large enterprises don?t know what they are spending on telecom related services across the company. ?In fact, this area is so wrought with inefficiency that most people don?t know how much they spend on telecom services, never mind how they can best manage those budgets.? (Aberdeen Group)

Whilst it is a proven fact that network providers do overcharge because they make errors in their billing, it is critical that an organisation has a way to first check their telecoms inventory in terms of what they currently possess and then more strategically, in terms of what the business requires as time goes by first so they have a basis upon which to negotiate reliably.

Larger organisations are constantly evolving to maintain their competitiveness as economic cycles occur or market share fluctuates, for example. Additionally some assets have been purchased only for historical reasons, or indeed as a part of a package to secure cheaper pricing as a part of a promotion that no longer exist. Between 15% and 35% of all fixed telecoms assets are surplus to requirements. The number of lines being paid for rarely matches the number an organisation requires.

This is where a Telecoms Expense Management service provider using Software as a Service (SaaS) can help. This allows remote access to powerful data warehousing plus number-crunching tools capable of retrieving data from all your service providers; and then comparing millions of lines of billing data against your contracted tariff in a matter of seconds. Numerous reports are then made available to determine actual usage and cost. This activity alone can identify 10% overbilling and frequently much greater, irrespective of the supplier and all without involvement from internal resource allowing your internal telecoms, purchasing and accounting staff to spend time on other projects.

Telecoms Expense Management is therefore a vitally important service that will maintain an asset register in addition to providing bill management. Furthermore it offers a tremendous advantage in telecoms procurement by ensuring services are purchased at the best market rates.

It is also good to realise that unlike most telecoms systems Telecoms Expense Management does not require a capital investment. These systems are typically charged for out of the cost reductions realised and therefore offer a no risk opportunity to gain control over your organisation’s telecoms expense.

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_11039.shtml

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It\’s Easier to buy a $5,000,000 Apartment Building That A Single Family Investment Property

By: Joe Florentine

Top 10 Reasons Why It’s Easier To Buy A $5,000,000 Apartment Building Than A Single Family Investment Property.

The day my life changed forever. It started with a phone from my good friend and banker of 15 plus years ?Joe, I can?t believe that I?m going to say this, but your mortgage application has been denied?. (I had done hundreds of residential deals, had an 800 credit score and 25 on their projects.

Here is why I, and you probably should too, move from residential to large multi family projects (commercial)

1. Funds are available for large multi family properties, but not for residential investment homes.

President Obama said during his Economic Recovery Act Speech, “there is no money available for you speculators” and he meant it. Try to get a loan for a residential (1-4 family) non-owner occupied property and see the results for yourself. The days of stated income loans for residential investors are over. If you have been in the residential investment game for a while, you already know it, if you are just starting out; you will experience this problem on your first residential investment deal. Its cash, hard money at 12 LTV or you?re done.

The good news is that government backed funds are plentiful for larger, multi-family properties. This presents tremendous opportunities for those who know how to access the funding sources.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

2. You don’t have to personally qualify for the loan, the properties qualify.

Imagine that! Anyone who has ever attempted to purchase a residential investment property (1-4 family) has encountered the issue of personally qualifying. Sure the rents may cover part or the entire mortgage, but the lender only considers a percentage of that income toward your ability to pay the new mortgage. You need, tax returns, financial statements, proof of funds for down payment, etc. Not only that, but of course your FICO score becomes a big factor. Get through all of this and every time you buy another residential property your FICO score drops and you are viewed as more of a risk to the lenders. The more successful you become in this arena, the harder it gets……

With commercial financing, the properties qualify for the loan, not you. It’s not on your credit report, etc. The more successful you become, the easier it gets…..

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

3. Loans on large multi family properties are fully assumable.

Ever try to assume a residential loan without having to qualify for it? Not happening, at least not since the early 80’s when FHA and VA loans went from “fully assumable” to “qualifying assumable”. It’s the same as having to secure a new purchase money mortgage, so unless the interest rate is very attractive, it’s never done.

The first home I ever purchased was a little bungalow for $25,000. It was 1980, I was 20 years old and didn’t qualify for a $200 limit MasterCard, but I assumed a $23,000 VA loan, no questions asked.

The same criteria hold true to this date for large multi family projects, but very few know about it.

With the financing on large multi family buildings, the loans are fully assumable. Remember, the properties qualify not the buyer. You can buy 100 + unit apartment complexes without qualifying, no verification of funds, no credit report, no tax returns, just knowledge on how to properly structure the deal.

Click here for an Insiders Look at High Leverage Financing, by Durante Parks

4. You ARE NOT personally obligated to repay the loan.

Try getting a residential mortgage and tell the lender that you don’t want to personally guarantee the loan. Not happening! We have been conditioned that all loans have to carry a personal guarantee. It’s incorporated into every residential mortgage, by every lender in the country. Of course they want recourse if you default, they get the property and then have the right to a default judgment for any balance that may be due after they liquidate the property. Residential loans carry “FULL RECOURSE” to the mortgagee.

Larger commercial loans are “NON RECOURSE” to the borrower. The property and its ability to generate cash flow is the lenders security, not you personally.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

5. Multi Family Properties are built to CASH FLOW, single family homes are not.

Single family homes are designed, built and priced for owner occupants, not for cash flow. Study the numbers on almost any single family home and you will discover that after you pay the mortgage, taxes. Insurance, utilities, maintenance, etc, you will lose money every month. Single family homes are terrible for cash flow despite what the residential guru’s on TV tell you.

Multi family properties are designed, built and priced to do one thing and one thing only, “make money”. Lenders lend based on the fact that there are sufficient funds to cover the debt obligations, not on what your credit score is, or what the house down the block sold for or what your personal income was last year, etc……

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

6. The value of the property is magnified by a slight increase in rents.

The value of residential property is determined strictly by recent comparable sales in the immediate area. There are really only 2 ways for residential homes to increase in value; a) you add value by physically improving the property or b) you own it long enough for the area to appreciate. So you either spend some time and a considerable amount of money to make the improvements, or wait, lose money every month and justify it by saying that “I have a good tax write off”.

Large multi family properties are valued by the capitalization rate (cap rate). This is easily determined by multiplying the net operating income (NOI) by the standard cap rate in the area. Without getting into too much detail, if you had a 100 unit complex with rents at $700 per month and expenses at 35 per year for 2 years, the property would now be worth $5,300,000. That?s an increase in value of $700,000 in just 2 years. No rehab, no improvements, no headaches, etc. Easy to refi or cash out if you choose.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

7. No tenants and toilets to deal with - Professionals manage the property.

With residential investment property YOU generally have to manage it. The property can’t cash flow to begin with; there probably is no budget to hire a management company to run it. You go from watching the guru on TV sitting by the pool telling you how great your new lifestyle is going to be once you buy a couple of homes, to fielding leaking roof calls and clogged drain problems on Saturday nights.

With the larger properties a professional management company handles all of that for you. It’s budgeted in just like taxes and maintenance. The lenders require a professional management contract be in place at closing. They handle all the problems; they are staffed for it and deal with repairs, collecting rents, renting vacant units, etc. They send the funds to you. You never have to deal with a single tenant, yet you reap the rewards. Now you have a lifestyle.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

8. Distressed residential properties will distress you while larger multi family properties will provide a lifestyle.

Anyone who has invests in residential Real Estate is taught to go after the distressed properties, foreclosures, pre foreclosures, sheriff sales, etc. The problem with this process is that those type properties breed lots of distress for the buyer. If you have ever purchased one of these properties, you know exactly what I mean. If you have not, be prepared for many issues including getting utilities on and doing bank and/or municipal required improvements before you own the property, etc. You don?t own the property, so you can?t repair it, don?t have the right to turn on utilities, yet you need these items to secure a lender?s commitment. Get through this, then buy, renovate and find a buyer at a profit, then you will probably run into a ?seasoning? issue. Seasoning has come into play due to all the fraudulent house flips over the past few years. Government backed funds; FHA, etc will not allow a new buyer to purchase your property for more than the purchase price that YOU paid for a minimum of 6 months. Up to a year, you need to provide all kinds of documentation regarding the amount you spent to renovate and improve the property. Your carrying cost, closing costs, etc do not count, and oh did I mention, there is no line item for your profit. Essentially you can do everything right, but still be stuck with the property for a year unless you can find a cash or non conventional buyer.

The hardest thing that I had to overcome when graduating to the commercial arena was putting the distressed mindset behind me. In residential you have to have a distressed situation to create a profit, in multi family, remember, the properties were designed to make a profit; you do not need distress to be profitable, the cash flow is already there by design.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

9. With a little knowledge you can own apartment buildings with little or no money.

Again, residential investment property requires down payments, qualifying, front end and back end ratios, good credit, proof of ability to pay, etc. This amounts to a considerable amount of time, aggravation and work for a relatively small upside. You can participate in this arena for many years and never achieve the cash flow and lifestyle that you seek.

With commercial projects, remember it?s the properties that qualify, not you personally. There are several techniques used to acquire large multi family properties with little or no money. You can replace the $1,000,000 deposits with the knowledge on how to structure the deal and the right financing contacts in place. The knowledge that you need is not Real Estate, it?s actually financing. It?s easier than you think to understand the commercial financing game.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

10. What all the Real Estate Guru?s don?t teach you. Understanding financing is the key to wealth in Real Estate.

?Buy low, sell high, buy homes with no money down and rent for cash flow, option homes and flip the contract, flip assignable contracts ??? We?ve heard it all for years and years on end by the Guru?s on TV making it all sound so easy and glamorous. The problem with these strategies is that it?s always about the Real Estate itself, but never about the real key to wealth in Real Estate, understanding and structuring the financing.

If you had an unlimited supply of your own funds, do you think you would be successful in Real Estate Investing? I?m sure that you would. The thing that holds most of us back from achieving our dreams is the lack of capital and/or access to it. Understanding how to secure favorable financing for your projects is by far the most important element in the transaction. When you move to the commercial arena, the Real Estate part is simple. In less than 5 minutes, you can determine the value of a property anywhere in the United States.

Click here: http://www.usapartmentfinancing.com/moreinfo for an Insiders Look at High Leverage Financing, by Durante Parks

Conclusion: It’s easier to buy a $5,000,000 apartment building than a single family home.

?When the student is ready, the teacher appears?. It?s no accident that you have stumbled upon this article. It?s your prepared mind meeting with opportunity. Just like my chance encounter with an old friend that I had not seen in over 10 years who wrote down Durante Parks’ website address on a napkin and told me that Durante could teach me how to buy apartment buildings easier than houses; you happen to be at the right place at the right time. Just a couple of months after this chance encounter, under Durante?s training, I am purchasing 2 large multi family projects, with no money out of my pocket, plus I’m developing a solid income by providing financing to investors looking to do the same. A day that started out as a disaster, turned into the best opportunity of my life.

If you would like more information on how you can go from residential to large multi family projects, I encourage you to start by simply reading a report containing an actual case study where 102% financing was obtained on a $10,000,000 multi family transaction. The report is written by my mentor and brilliant commercial financier, Durante Parks. The report is posted for free with Durante’s permission at this link: http://www.usaprtmentfinancing.com/moreinfo Insiders look at High Leverage Financing

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