However, there are little know provisions in the bill which would limit entrepreneurial real estate investors‘ very powerful resource in providing Seller Mortgages to residential consumers.

What does this mean? According to the Federal Reserve Website:

The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposal would apply to all consumer mortgages (except home equity lines of credit, timeshare plans, reverse mortgages, or temporary loans).

An industry source called The Paper Source has also diligently summarized the issue as follows:

“..The Dodd-Frank Act provisions call for prohibiting property sellers from taking back a mortgage unless the buyer essentially can qualify for conventional financing! What’s more, Ma and Pa Homeowner, who create 95% of seller-held mortgages, won’t be able to qualify buyers under the same underwriting standards that banks are required to perform, and therefore the cash flow notes won’t be created.

If this is enacted it also will remove access to housing for millions of Americans, because seller “financing” is the only way people who can’t qualify for conventional loans can buy a house. Moreover, it would allow a buyer a three year right of rescission (they can cancel the sale) if the seller did not properly qualify them. The right of rescission also applies to anyone who buys the note. We have precious little time to try to stop this.”

THIS IS YOUR OPPORTUNITY! A CALL TO ACTION IS UPON US TO SAVE THIS INDUSTRY!

Submit a public comment opposing the new rule. THIS ONLY TAKES A FEW MINUTES!

• Seller “financing” provides housing for millions who otherwise could not qualify for conventional loans.
• Homeowners are not bank officers or mortgage lenders. By requiring them (many if not most of whom who take back a mortgage are elderly) to qualify buyers using bank standards means they will simply refuse to sell with owner financing. Thus millions of people will be deprived of home ownership.
• Why should the buyer be required to divulge their income and assets to the very person with whom they are negotiating the terms of a sale? This is not required when there is a 3rd party lender.
• Requiring the buyer to turn over all their financial information to a stranger opens the door for identification theft and fraud.
• This also creates the opportunity for predatory borrowing. This is where an unscrupulous buyer knowledgeable about the Dodd-Frank Act leads an uninformed seller (and this will be the majority of sellers) into negotiations not in compliance with the ability-to-repay requirements. (An example of that could be a balloon, an interest rate greater than 1.49% above a standard mortgage, or the seller did not know how to calculate the income-to-debt ratio correctly, or know what residual income means). That buyer lives in the property trying to resell it for a profit and if they are not successful within three years they rescind the sale and get all their money back.
• By not allowing them to negotiate a balloon payment, there is a good chance that a seller 55 years or older will die before receiving all their equity. A lot of seniors have invested in real property with the intent of selling it using seller financing (an installment sale) in order to supplement their income in retirement, but also with the hope that they would not be stuck with a 30 year investment. The Dodd-Frank Act does the same thing insurance companies do who sell 30 year annuities to seniors. Our government has criticized this deplorable practice because seniors will die before they receive all their investment.
• The restriction of no balloon doesn’t affect just seniors, it has financial consequences for anyone using seller financing. Under the Dodd-Frank Act community banks are allowed to originate fully amortizing loans with a five year balloon. The rationale is that they hold these loans in their own portfolios and the government recognizes their need to hedge against inflation and rising interest rates. Yet, the Act does not recognize that private property owners who have 100% skin in the game need the same protection. A five year balloon is predatory lending. If there has to be a restriction it should at the very least be the same allowance given to community banks of a balloon in 5 years.
• There are a lot of small builders that have a spec house or two that they can’t sell unless they offer great terms using seller financing. Otherwise they have to let these properties go back to the bank, which does not help housing or the economy.
• It has been said that a seller financing the sale of his or her own property would completely avoid the issue of licensing by retaining the services of a licensed loan originator. If a mortgage loan originator (MLO) fails to properly follow the ability-to-repay guidelines the buyer still has three years in which to rescind the sale which leaves the seller at risk and will most likely bankrupt them.

A sample letter you can use that was developed by National REIA is available online. I suggest you submit this to your Representative and/or Senator in Congress as well as submit as part of the proposed rule comments.

If you have any questions, please call or email our office.

Later she tried out the bungee jump!!!

Are you aware of how the banking system in our country, in fact pretty much all around the world works? I mean how it *really* works? Do you know why $1 in 1913 in now worth like .05? Sound money is important to your very survival and when it’s taken away from you – what are you going to do?

I was reading the book “How (Private) Banking Really Works” on the plane while traveling to a recent event, and the flight attendant and I had a short conversation about the subject. Then several other folks on the flight that happened by joined in the conversation and it occurred to me that people are becoming more and more aware of how important this subject is.

As I finished reading the book, I was thinking that you too MUST become aware of this information and then low and behold – I found out that the authors of the book felt the same way – so much so that they even put a FREE copy of the book on their website!

Go here now and get a pdf copy of their awesome book.

If you like it, please consider supporting their work by purchasing a hard copy or whatever seems right to you.

Enjoy!

Your Success Accelerator,

Doug Ottersberg

How to Be a Great Husband

from wikiHow – The How to Manual That You Can Edit

There is no one-size-fits-all formula for being a wonderful husband. Every wife, every marriage is different. But, there are some common issues that many married couples face, and if you’re dealing with them, the following guidelines will help you become a better husband..

Steps

1. Be romantic. What “being romantic” means varies widely from person to person, but at its core, romance involves doing something to express affection in a meaningful yet unexpected way. A true act of romance requires creativity and sincerity, often inspired by love (either its presence or its possibility).
   • Reintroduce the excitement that characterized the beginning of the relationship. Do something different, something that your wife wouldn’t expect. The more out of the ordinary, the better!
   • Treat your wife like they’re single, like you’re trying to earn her affection and trust. The opposite of being romanced is being taken for granted. No one wants to feel like they’ve already been “caught” and it’s over and done with.
   • There are millions of ways to say “I love you” and “I’m lucky to have you.” Think of the world as your medium. You can write it, say it, sculpt it, look it, hide it, shout it, paint it, kiss it, fold it, grow it, touch it, and express it in unlimited ways.
2. Keep your sex life invigorated. Kiss her goodbye in the morning like you don’t want her to leave. It gives her something to think about all day. Be romantic. Suggest new ideas. Ask what she likes. Be willing to put her pleasure ahead of yours. Talk about it. Let her know it is much more than just sex. Intimacy (emotional and physical closeness) is important to women. Don’t use sex to apologize. Apologize first, then see what happens!
3. Take care of her. Your wife may feel overwhelmed with kids and work. Don’t hesitate to cook her favorite food or make her favorite drink. Help with the kids and help around the house (like doing dishes). Wives aren’t superwomen as much as you’d like them to be.
4. Be honest. In a mature relationship, honesty is the best policy. It may be difficult, but the truth will allow relationships to breathe. No matter what happens, no one can ever challenge the fact that you are truthful, which might mean that the other person also gives you the same respect. If something doesn’t suit them let them know, otherwise they will not trust your opinion. But make it sound like a compliment. Suggest an alternative, and attach praise to the alternative. For example, if they ask you if you like something they are trying on (trying on, not already wearing at a party!) let them know that it might work, but you think the blue one is your favourite so far because it shows off their great (insert a feature you appreciate, preferably not one that they are self-conscious about). It’s not going to be easy to be honest and kind at the same time, so focus on learning how to give a feedback sandwich and you’ll both be better off.
5. Don’t brush your wife off. People often find it exasperating when they get the feeling their partner treats them as an inferior in a relationship. Women are no exception. A lot of people have been taught that the only way to get attention when their partner is trying to ignore them is to act more emotional and be louder until the partner finally surrenders and pays attention to her, even if in annoyance. If people feel they’re being given the cold treatment by people who are supposed to be important to them, they get worried. Especially when it happens without you giving an explanation for why this disturbance has occurred. People aren’t mind readers. Your mate is not likely to be able to guess that you’re cranky just because they wouldn’t let you do something that they felt was very trivial, whereas you found it important. If you know that your mood might lead you to overreact, simply say “I’m feeling really irritated right now. Can we talk about this later after I cool off a bit?” (Don’t forget to follow through and actually give her your time later.)
6. Communicate. Do not talk her ear off, however make sure that if you have any problems that will affect your mood, she is made aware of the reasons for your problems and mood, so that you do not appear to merely be a fickle and cranky creature. Zone out everything around you when you’re talking to her. If you ask her a question, ask because you really want to know. For example, ask her what type of movies she enjoys, or about one of her favourites. If you know it, talk about it a little bit in an honest way, what you thought of it, and make a guess at why she might have liked it. Even if you are wrong, your mate will usually love the fact that you are interested enough to try. Remember, the opposite of talking is not waiting, it’s listening. Make sure you’re actually listening, not just waiting for your turn to talk. Put off a vibe that tells her that she can tell you anything. Make her feel safe.
7. Give gifts as a surprise. Anyone can buy a gift for a birthday, Christmas or an anniversary. Listen to her when you are out window shopping, and if there is something she likes, and it’s within your price range, remember it and surprise her with it when she least expects it, for no reason at all. Or pick something up on your way home from work, and tell her you were thinking of her when you saw it. It doesn’t have to be big or expensive–a book you know she will like, or a CD of her favourite band are nice gestures.
8. Be her greatest supporter. Be someone she knows that she can always count on. Be there for her when she has had a long day. Listen to her with attentive eyes and ears. Back her up “100″ percent! And always protect her, both physically and emotionally. If you have done something to hurt her, even if you didn’t mean to, tell her you are sorry and show her affection. This must be sincere! There’s nothing worse than an “I’m sorry” that is put on or phoney.
9. Understand that your personal relationship should be more important to you than your other family members, work, friends etc. She is your partner in all things. Treat her as such. If you’re worried about looking independent in front of them, then talk with your wife and set clear expectations about what decisions you can make without each other, and what decisions must absolutely be discussed. But also, ask yourself why you feel you should look independent instead of married. It may not be hard to say “Let me talk this over with my other half”.
10. Do your part. Don’t make her ask you to pull your own weight around the house. This makes her feel like a nag, and it creates an adult/child relationship. Which is never good. She is your partner not your mother. Show her she can count on you to get things handled.
11. Don’t show her even the mildest forms of contempt. Contempt is poison in a relationship. You don’t have to act like you like what she said or did, but do not take on an attitude of superiority, even subtly in passing, such as momentary smirking, sighs of disgust or eye-rolling. Such gestures, though seemingly insignificant, deeply show a lack of support, respect and trust, especially over a period of time. The way you naturally act towards her should subtly validate her as a person, even when you do not understand or agree with her. Giving eye contact when she has something important to tell you shows respect; not giving eye contact shows disrespect and that you don’t care about her or what she has to say. This will destroy any attempt to communicate well.
12. Seek responsibility and take responsibility for your actions. The main difference between a man and a boy, and adult and a child, is that men are responsible. Men honor their commitments, accept their duties and are accountable for damages they incur, debts they owe and claims they make. Men clean up after themselves (figuratively and literally). Men know that anyone can father a baby but only a man who understands and accepts responsibility can be a good father. Men refuse to make anyone do anything they themselves are unwilling to do. Sometimes men make sacrifices for the people they love and care about. That’s life. It’s part of growing up, whether you like it or not. The difference between a man and a boy is that a man steps up to the plate, while a boy hesitates or complains.

Tips

• When she’s upset, listen, listen, listen. Resist the urge to offer advice unless she asks for it, and don’t get defensive. Just listen, and show her that you are trying to understand. If she is upset with you, don’t just try to give her a hug like nothing happened. If you approach her like you understand what she is saying, that you will try harder (really mean it), and that it will be alright she will be willing to accept your gesture more easily.
• Don’t try to “fix” everything. Men are fixers, but women don’t want us to fix everything. They sometimes need to do that themselves and just need you to listen.
• Husbands and Wives live together but make sure you spend enough quality time together. This means laughing, talking, just having fun together. Make her see that wherever you are you feel like home when you are with her.
• Praise your wife in public, but if you notice something you’d like to comment on, please find a private moment. Don’t criticize! Make concerns known in a diplomatic positive way. It is VERY important to women about how they look to other people. Do Not make her look like the “bad guy” or that there is something you don’t agree with(even if there is). The appropriate time to discuss those matters is when it is just the two of you, not in front of people when she will be embarrassed. In public make sure everyone around you knows she is your girl! Hold hands whenever possible, kiss, hug, a tap on the butt, etc. To her you are letting everyone know you’re off the market.
• Be aware that she may not perceive love the same way you do. Quality Time, Gifts, Physical Touch, Verbal Affirmation, and Acts of Service are the different “Love Languages” you and your wife might have — make sure you find out what hers is, and speak her “love language”!
• Discuss your financial dreams together and research and plan to achieve them together.
• Tell her what you think, don’t assume she knows. When you think she looks nice, tell her, when you are thinking you are lucky for having her, tell her. She does not assume these thing to be true & needs to be reminded often.

Warnings

• Do not go overboard. A great husband is not an obsessive or smothering one.
• Some women need more attention than others.Some would rather hang out with their friends, While others the husband is their best friend.

Related wikiHows

• How to Be a Great Wife
• How to Massage Your Pregnant Wife
• How to Have a Healthy Relationship
• How to Sweep a Girl off Her Feet
• How to Maintain Romance
• How to Be a Romantic Husband

Another Languages

• If you want to read this wikihow in Spanish click Cómo ser un gran marido

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Be a Great Husband. All content on wikiHow can be shared under a Creative Commons license.

As a professional in the field of helping human beings create change, I’m often asked questions about hypnosis. By training and experience as a professional Clinical Hypnotherapist, I’ve learned that when someone asks a question, or makes what appears to be a statement of truth about hypnosis, it’s best to ask them “how did you learn that and from whom”.

Quite often most people that are “against” it know what they know from TV and Hollywood fantasy, or heard about it from “someone that knows.” Those of us that are “for it” understand what it is because we’ve been witness to the often miraculous changes that have occurred for the people that choose use it.

SO JUST WHAT IS HYPNOSIS?

Have you ever “become really absorbed” while watching TV? Or driven to work on “auto pilot?” Then you know what hypnosis is like. Hypnosis is a very normal and natural state of consciousness, one we all experience from time to time in which the mind remains clear, alert and focused. In this state of focused concentration, it’s possible to learn new, desirable habits, and more importantly, unlearn old, undesirable habits. Another way to think about it is that it’s “the ability given to you by your higher power to convince yourself of anything”

Here are some of the lies and misinformation often repeated about hypnosis.

LIE #1 – ONLY WEAK MINDED PEOPLE CAN BE HYPNOTIZED

Actually, anyone with an open mind, reasonable intelligence, that is able to concentrate and that wants to can be hypnotized.

LIE #2 – HYPNOSIS IS DANGEROUS

There has never been a documented case of harm coming to anyone from the therapeutic use of hypnotism.

LIE #3 – PEOPLE GET STUCK IN HYPNOSIS

A person may choose to stay in hypnosis after an experienced hypnotist asks them to come out of it. The reason being, it is such a relaxed feeling of enjoyment, they prefer to stay hypnotized awhile longer. The person then may go  to sleep, and awakes as usual. In self-hypnosis you have complete control, and set your own time limit. There has never been a documented case of someone unable to come out of hypnosis.

LIE #4 – HYPNOSIS WEAKENS THE WILL

No. Self-hypnosis strengthens it. Hypnosis works with the will, not against it.

LIE #5 – A PERSON CAN BE HYPNOTIZED AGAINST THEIR WILL

No one is hypnotized against his or her will. The hypnotist merely assists the subject, who hypnotizes them-self.

LIE #6 – HYPNOSIS IS MIND CONTROL

This is actually true, just not in the way the liars want you to believe. What they want you to believe is that another person, ie the hypnotist, can take over your mind and “make” you do their bidding. The truth is YOU control your mind and your free will allows you to take action or not take action as a result of any suggestion given you either by yourself or someone else.

LIE #7 – HYPNOSIS IS NOT COMPATIBLE WITH RELIGION

If  this is a concern for you, understand this: whatever your religious background, if the “Enemy” wanted to keep you away from your religious path or destiny, what better way than to cause fear and doubt, especially regarding things that  assist you to more fully realize your potential. Question the motives of anyone suggesting anything different.

WHAT IS SELF-HYPNOSIS?

Techniques exist by which one can attain a state of self-hypnosis and gain complete relaxation under the most stressful conditions. In this state the subconscious mind is open to therapeutic suggestions.

WHAT DOES IT FEEL LIKE TO BE HYPNOTIZED?

Hypnosis is a very pleasant feeling of complete physical and mental relaxation. It is similar to that moment between knowing you are awake and going into the sleep state.

Some misconceptions about hypnosis are that it’s a frightening or eerie state, or that it feels very weird, but it’s actually very normal and very pleasant. Some people ask if they’ve really been hypnotized, just because it feels like such a normal state and they were expecting something very strange. The zombie-type states you see depicted in movies and on TV are pure fantasies.

WHAT IS THE SUBCONSCIOUS MIND?

The conscious mind, the mind you are conscious of, is your “ME”. It is the critical part of your mind. The subconscious mind is the one that directs your conduct through the habits and emotional desires acquired from the influences of your environment, before you were old enough to reject harmful ideas and concepts.

WHAT IS AUTO SUGGESTION?

Through proper use of autosuggestion you reprogram the subconscious mind to make decisions favorable to your welfare. The new suggestions help in overcoming unwanted habits, a lack of concentration and any other unhealthy attitudes that doom you to failure.

WHAT CAN SELF-HYPNOSIS DO FOR ME?

Anything you want it to! Instant learning and photographic memory systems are based on self-hypnosis. Champions in various sports use it to improve their game concentration. You can now learn to overcome undesirable habits, such as smoking, over-eating or drinking with self-hypnosis. You regain self-confidence. You now know that success is within easy reach, and erasing harmful emotions leads to a happier and healthier life.

HOW DOES SELF-HYPNOSIS DIFFER FROM HYPNOTISM BY A HYPNOTIST?

In self-hypnosis YOU choose your own time limits, realizing that you have a choice and can now choose your area for self-improvement. Using a hypnotist at the beginning of your awareness training is of great benefit. It speeds up the retraining process.

Doug Ottersberg is dedicated to helping people like you worldwide to IDENTIFY what you want from life along with any limiting beliefs you may have blocking your ability to achieve your goals, to MODIFY those limiting beliefs for your benefit, and to AMPLIFY your natural talents to assist you to take action and SATISFY your needs, want and desires and live a life of freedom instead of maintenance: enjoying more money, vibrant health and satisfying relationships. You can find out more information at www.Switch4Success.com

What Are YOU Drinking?

As I removed the old filter I noticed how much heavier it was than the new one, and not because it was full of water. My uncle happened to be at the house and since he’s a plumbing, heating, air conditioning expert I asked him about it. He told me it’s not unusual for those filters to get that heavy as they remove the “stuff” in your water that you can do without.  YUCK!

Eye opening to say the least.  What’s in your water?? If you’re not filtering you might want to look into it.

To your health,

DougO

I just spent 7 days with 50 of the most incredible people on the planet, among them noted Economist Harry Dent.   I’ll be sharing an interview I did with him in a few days.

Based on Harry’s research and other signals we are seeing, if we have an additional financial crisis and the odds are that we will, you may want to consider putting your money in a small regional banks that have good ratings.

There is a move to send the big banks a message by moving money from the large, problem prone banks to smaller ones.

Here’s a link that you  can use to find a bank near where you live and have your business.

http://moveyourmoney.info/

You have an hour drive ahead of you…

Ana and I got in to the airport at 11:00 pm last night coming back from an awesome weekend in Cali with the amazing Mr. Joel Bauer, and we found a surprise waiting for us, though we didn’t like it much…how would you have reacted?

Click here to view the embedded video.

Have an awesome day!!

Doug

Eight Requirements for Contented Living

1. Health enough to make work a pleasure.

2. Wealth enough to support your needs.

3. Strength enough to battle with difficulties and overcome them.

4. Grace enough to confess your sins and put them behind you.

5. Patience enough to toil until some good is accomplished.

6. Faith enough to make real things of God.

7. Hope enough to remove all anxious fear about the future.

8. Charity enough to see some good in everyone.

Johann Wolfgang von Goethe

Just this past Saturday I was saying something similar to
several young men here in Santa Fe on a different but
related subject.  You’ll note that the last three requirements
Goethe lists for contented living are faith, hope and charity.

I reminded these young men that “The greatest of these is charity,
for our faith may be lost in sight, hope ends in fruition, but charity
extends beyond the grave, through the boundless realms of eternity.”

And now, I remind you.

Enjoy your week!

Doug Ottersberg

P.S. Look at him now! One of my clients, Danny Welsh is really,
really happy about the results he’s been experiencing in his life
since I was privileged to work with him. He’s doing some big
things in the real estate world. In the spirit of today’s theme,
Danny wants to give back and to do that he’s allocated 7 free
tickets to my best clients for his upcoming seminar. It’s coming
up very quick so you’ll want to check this out NOW.

The ‘Real Deal’2 day Orlando Commercial Real Estate Bootcamp
looks sweet! You can buy it retail or if you’re one of 7 reading this
right now…You can claim your ticket at the website below, for
F-REE, as my guest. Danny says that I’ve been pretty valuable as
a friend and mentor to him for quite some time and this is another
way he wanted to ‘square things’ with me.

Once you click the button to REGISTER NOW you can input promo
code between the arrows —-> Hypno-Man  <——- and the $2,900
price to attend will magically drop to zero for you alone.

Grab your seat while it is available at the link below!

–> https://rewa.infusionsoft.com/go/RDOrlando/TGREG97/

(“Real Deal Orlando Commercial Real Estate 2-Day Bootcamp”
– 7 F-ree tickets available)

You’ll LOVE where Danny is having the training. Talk about ‘Real Deal’!