HUD has a lot of programs not only to help buyers of properties but to also offer properties at a HUGE DISCOUNT. You can contact just about any Realtor, usually those who specialize in HUD, and they can give you a weekly list of new properties.
If you don,t have your own home, you can get your own house for 3% down plus closing costs. If you are an investor, HUD usually requires a down payment of 25%.
It,s recommended that you start investing with 2 - 4 unit buildings. The reason being is because you can get a residential Ioan package from any mortgage company with residential buildings of 4 units or less. This makes the process much easier because you
can get 100% financing for just about any residential loan and you can have the worst possible credit!
Here,s a grant program specifically designed for 2 - 4 unit buildings:
$277,000 to Help Purchase a 2-4 Family Unit
14.117 Mortgage lnsurance-Homes 203B
www.hud.gov/buying/insured.cfm
You can buy a mobile home for yourself or to fix up and flip
for a profit. Here is a program for that too:
$48,000 to Buy a Mobile Home
14.110 Manufactured Home Loan lnsurance
www.hud.gov/progdesc/manuf13.cfm
Another profitable avenue to take is building or rehabilitating condos. You can do this with a special government grant program that allows you to get up to $2 million dollars to work with these types of properties. Below is a special grant to work with condos:
$2 Million to Build or Rehabilitate Condominiums
Section 234(d),
HUD insures mortgage loans made by private lenders to finance the construction or rehab of condos.
www.hud.gov/progdesc/condo14.cfm
Check out the below website for ownership vouchers:
PHA (Public Housing Agency) Home Ownership Vouchers
14.871 Section 8 Housing Choice Vouchers
www.hud.gov/offices/pihprogramcs/hcv/index.cfm
Fixer upper properties can be very profitable. There is a special government grant program for these types of properties:
Money to Buy, Fix Up, or Refinance a Home Section 203(k)
14.108 Rehabilitation Mortgage lnsurance 203k
www.hud.pov/improvements/index.cfm
Every city and town across the nation has older home that can use a good fixing up. This program can allow you to get $100,000 in free grant money to purchase an older home for the purposes of fixing it up. You can use this money as an outright purchase for an older home or as a down payment or to use for repairs, remodeling expenses, etc. Here is the resource:
$100,000 to Buy or Fix Up Houses in OIder Areas of Town Section 223(e)
14.123 Mortgage lnsurance - Housing in OIder, Declining Areas
www.hud.gov
If you live in a smaller area, here is a program to get money for homes in those areas:
Money for Homes in Urban RenewaI Areas
14.122 Mortgage lnsurance - Homes in Urban RenewaI Areas 220
www.hud.pov/offices/hsg/mfh/progdesc/progdesc.cfm
This is a program than anyone can take advantage of:
$60,000 for Renters, Homeowners, or lnvestors to lmprove Their Property 14.142 Property lmprovement Loan lnsurance for lmproving AII Existing Structures and Building of New NonresidentiaI Structures Title l
www.hud.gov/offices/hsg/sfh/title/ti_home.cfm
Mobile Home Parks (MHPs) can be very lucrative. Here is a program for a free grant to help you purchase one:
$100,000 to Help Buy a Mobile Home and a Mobile Home Lot
14.162 Mortgage lnsurance - Combination and Manufacturer Home
Lot Loans Title l
www.hud.gov/offices/hsg/sfh/ti_home.cfm
Are you in an area where a military base closed? You can get $200,000 to buy a home in one of these areas:
$200,000 to Help Buy a Home in an Area Affected by a Base CIosing
Section 238(c)
14.165 Mortgage lnsurance - Homes - Military lmpacted Areas
www.hud.gov
This is the HOTTEST trend for seniors to be able to live in their properties FREE and not have to pay a mortgage anymore. Go to the link below to find out more:
Reverse Mortgages for Seniors
www.hud.gov/offices/hsg/sfh/eem/eemhome.cfm
Are you a member of the armed forces? If so, HUD has many programs for you:
Money for Members of the Armed Forces
Section 222
www.hud.gov
Wednesday, January 21, 2009
How to Get GOVERNMENT GRANTS - PART 1
Making money in real estate using free government grants can make for a very profitable investment.
Most properties require a down payment to ensure mortgage financing.
Most people starting out in real estate don,t have a down payment whether it,s for their own home or for investment properties.
There are so many people who have the ability, drive, and ambition to become real estate investors - even homeowners - but they don,t have the money to get started.
The government can help!
Whether you are interested in owning your own home - as a first-time buyer or as an investor - there are many different types of programs that can help you.
Remember, these are grant programs which means that it's
FREE MONEY that you NEVER have to repay. The main grant resources you,II be dealing with are listed below:
HUD
U.S. Department of Housing and Urban Development
451 7th St., SW
Washington, DC 20410
(202) 708-1112
HOTLINE: (800) HUDSFHA
CUSTOMER SERVICE: (800) 767-7468
www.hud.gov
RuraI Housing Service
U.S. Department of Agriculture
Room 5037, South Building
14th Street and lndependence Ave., SW
Washington, DC 20250
(202) 720-4323
www.rurdev.usda.gov
Bureau of lndian Affairs
Office of TribaI Services
MS 4660 MIB
1849 C St., NW
Washington, DC 20240
(202) 308-3667
www.doi.gov/bureau-indian-affairs.html
U.S. Department of Veteran Affairs
Washington, DC 20420
(202) 273-7355
(800) 827-1000
www.va.gov
Monday, November 19, 2007
Saturday, November 17, 2007
1.85 hectare. Plot of land available for sale in the Ukrainian Сarpathian
1.85 hectare. Price - $1,554,000. Smaller plot of land (0.60 hectare) for sale is also available. Price - $504,000.
300 metres from the road, 2 kms from Bukovel resort. It is possible to install electrical equipment.
Lovely setting.
Just contact me to discuss details - real_estate_ukraine@yahoo.com
0.30 hectare. Plot of land available for sale in the Ukrainian Сarpathian
Plot of land available for sale in the
Just contact me to discuss details - real_estate_ukraine@yahoo.com
0.20 hectare. Plot of land available for sale in the Ukrainian Сarpathian
Plot of land available for sale in the Ukrainian Сarpathian Mountains, Polyanytsya village, Yaremche raion (district), Ivano-Frankivsk oblast (province).
0.20 hectare, close to the road, 2 kms from Bukovel resort.
Price - $231,000. Ideal for hotel, restaurant.
Another plot of land (0.30 hectare) just 50 metres opposite is also available for sale being convenient for car park. Price - $347,000. (See above)
Just contact me to discuss details - real_estate_ukraine@yahoo.com
0.20 hectare, close to the road, 2 kms from Bukovel resort.
Price - $231,000. Ideal for hotel, restaurant.
Another plot of land (0.30 hectare) just 50 metres opposite is also available for sale being convenient for car park. Price - $347,000. (See above)
Just contact me to discuss details - real_estate_ukraine@yahoo.com
Bukovel Ski Resort
Bukovel ski resort
Bukovel ski resort is a new large ski resort in Ivano-Frankovsk oblast 30 km to the west of Yaremcha. It is Ukraine's first European-class resort, with a couple high-speed chair lifts, meticulously groomed slopes and snow-making machines, turnstyles for letting skiers through lines, and ubiquitous security personnel. It's unusual to see this degree of organization in Ukraine. Bukovel resort has been carefully planned to make skiing enjoyable and convenient and to avoid lift lines and congestion. Lift lines longer than five minutes are rare.
Bukovel has major plans for expansion; supposedly by the 2008-2009 season it plans to have 278 km of runs and 35 (!) lifts, which would make it one of the 20 largest ski resorts in the world. Currently, before the start of the 2006/2007 season, there are 14 lifts and 50 km of runs.
Transportation
Air transport
You can travel by plane to Ivano-Frankivsk or Lviv.
- Ivano-Frankivsk – "Bukovel" - 110km
- Lviv – "Bukovel" - 245km
Motor Transport
You can travel by bus to Ivano-Frankivsk, Ternopil, Chernivtsi or Lviv.
- Ivano-Frankivsk – "Bukovel" - 110km
- Lviv – "Bukovel" - 245km
- Ternopil – "Bukovel" - 250 km
- Chernivtsi – "Bukovel" - 255km
Personal Transport
If you use your personal transport and travel from any city of Ukraine, you should get to Ivano-Frankivsk first (except Chernivtsy and Uzhgorod). To arrive at TC "Bukovel" from Ivano-Frankivsk (110 km) you should travel, first, through Nadvirna and Yaremche towns and then Mykulychyn, Tatariv and Polyanutzya villages.
There is a free parking lot on the territory of TC "Bukovel".
Railway Transport
You can take train to Ivano-Frankivsk, Ternopil, Chernivtsi or Lviv.
- Ivano-Frankivsk – "Bukovel" - 110km
- Lviv – "Bukovel" - 245km
- Ternopil – "Bukovel" - 250 km
- Chernivtsi – "Bukovel" - 255km
Wednesday, November 14, 2007
0.25 hectare. Plot of land available for sale in the Ukrainian Сarpathian Mountains
It's a great Deal!!!
Plot of land available for sale in the Ukrainian Сarpathian Mountains, Mykulychyn village, Yaremche raion , Ivano-Frankivsk province.
0.25 hectare, including house 6X8 m. and outbuildings. Surface available for construction.
Privately owned. 100 metres from "Р 03" motorway (Ivano-Frankivsk - Bukovel).
Price for this land - $158,000.
Just contact me to discuss details - real_estate_ukraine@yahoo.com
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