How REIC is affecting the economy

February 16th, 2010 christine No comments

A few weeks ago, Randy Davis, one of our employees, sent an email to Kris Krohn about his feelings about REIC and how he felt REIC was positively affecting the economy. He wrote:

I spoke to Kris Krohn the other day about how I felt REIC was affecting our economy. I feel that the work REIC is doing is directly affecting the local economy. Each time we bring a new member into REIC and they pay their membership, the work begins! They are taught simple yet effective strategies to help them change what they are currently doing to improve their financial outlook. Then, once they begin investing, additional monies are put to work in this economy to help members improve their net worth. Hundred of thousands of dollars are infused into the economy by refinancing and/or purchasing new mortgages. Banks are helped, loan officers, real estate agents, coaches, title companies, and property managers are employed to fulfill the needs of the investors/members. New jobs are created and dollars are put into the system allowing for car loans, house payments, groceries, medical bills, etc. to all be paid because REIC is stimulating this change.

Six new companies have been formed since the beginning, less than three years ago. Employees of these companies work hard for the investing members rendering important viable services to each REIC member. In addition, hundreds of families are provided housing at fair market prices and the results are that through an education process these home owners are taught how to repair their credit and budget their money so they can be more productive citizens in their communities. They become more self reliant and they are given opportunities to become investors themselves. In addition, members are encouraged to improve their lives through personal improvement programs and concepts. This also brings additional dollars into the economy, while improving the lives and the net worth of the members. Once an individual becomes an REIC investor, the opportunities are immediately available for improving their lives in these areas.

I mentioned that REIC investors are actively increasing their own individual net worths by hundreds of thousands of dollars. Within much shorter time frames than government or other typical investment means these investors can be totally self-sufficient, independent of government retirements, etc for their future well being. REIC has helped hundreds of investors get back on track to accomplish these things while simultaneously bolstering the economy.

Now that REIC has moved to a national focus, it can provide these opportunities to other people around the country and improve the local economies there. I have also witnessed REIC collecting hundreds of cans/pounds of food from employees, investors and seminar attendees to help the local food bank feed families. I am proud to be an employee and a member of an organization like this.

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Provo, UT one of top 10 cities for foreclosure in 2009

February 2nd, 2010 josieema No comments

Provo, Utah is one of the top 10 cities for foreclosure in 2009. Provo is right in our backyard at REIC and we are working to give these folks another chance at homeownership with our Compassionate Financing. Is your city in this list from CNN Money?

To read the article from CNN money, click here.

Strait Path System: Phase Three: Purchase!

January 28th, 2010 christine No comments

BLOG Phase ThreeREIC employs a unique purchasing system and proprietary financing formula. It enables us to help people with average jobs and credit do something that few lending institutions can, which is to leverage the maximum number of investment homes onto their credit. Our complex formula considers various banks and ratios, then combines with our real estate system to achieve this.

Your success during this phase is determined by three primary factors: 1) using the right broker, 2) selecting the right loans, and 3) managing your debt-to-income ratio. And, if you’re unable to secure traditional financing for credit reasons, there are creative options for getting around that issue.

Use the Right Mortgage Broker

We maximize your ability to acquire the most investments as possible because we’ve learned the secrets of the lending industry. The key is to find the right mortgage broker who understands how to finance multiple properties on one person’s credit.
Select the Right Loans

The specialized loans we use capitalize on the best cash flows and overall profits for your portfolio.

Optimize Debt-to-Income Ratios Through Compassionate Financing™

Through Compassionate Financing™, our proprietary hybrid rent-to-own system, you can collect between $300 and $600 per month more than is possible through renting. This offsets the debt incurred by additional loans and increases your ability to purchase additional investment properties.

This is opposed to renting, where your debt-to-income ratio worsens with each transaction, and usually kills your ability to grow your portfolio after a couple homes.

Creative Financing

Strait Path™ real estate is that it can be applied by virtually anyone, no matter their history and the state of their credit. For those who cannot get approved for traditional financing, there are two ways to finance investment properties: “sandwich financing,” and partnering.

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Check out our new REIC Global Website!

January 25th, 2010 josieema No comments

REIC Global has launched a newly designed website to serve current investors and teach others how to achieve true real estate success with the Strait Path real estate investment system. The new website, www.reicglobal.com, welcomes anyone nationwide to learn about REIC Global through free online content, in-person events, online seminars and live webinars.

BLOG New WebsiteThe website redesign includes a new REIC logo and tagline, “Learn Real Estate, Do Real Estate.” REIC Global is not just in the education business — the company actually helps people invest in real estate.

“We want to give our current clients and potential investors an informative and user-friendly Web experience,” said Kris Krohn, President of REIC Global. “The new design is informative and interactive. The site truly invites people to join us on the path to real estate success, and we want everyone to feel welcome to become part of the REIC team and family.”

Key features of the new website include:
• Free instant online seminars
• Immediate access to free downloads about real estate investing
• A link to the REIC Global blog, featuring current news and tips
• Investor testimonials
• Easy access to rich media content including podcasts and videos

REIC Global takes investors by the hand and helps them replicate a pattern of real estate success. In the last 12 months, the company has helped club members transact tens of millions of dollars in real estate. The new REIC Global website at www.reicglobal.com furthers that goal on a national scale.

Check it out!! We’d love to get some feedback from you.

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From CNNMoney: Record 3 million households hit with foreclosure in 2009

January 22nd, 2010 christine No comments

According to a CNNMoney report on January 14, 2010 “almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.” RealtyTrac, an online source for foreclosures in the marketplace, reported that about one in 45 households–2,824,674 properties nationwide — were in default last year. That’s 21% more than in 2008, and more than double 2007’s total. For those of you who read our blog post a few weeks ago, saw the report from the Associated Press that 1.7 million home owners were on the verge of foreclosure. Which, if you remember, meant two things for REIC investors:

1. More foreclosures will continue to enter the market, drive prices down, and create an ideal climate for purchasing investment properties.

2. Millions of foreclosed individuals will need a place to live.

REIC Global takes investors by the hand and helps them replicate a pattern of real estate success. In the last 12 months, the company has helped club members transact tens of millions of dollars in real estate.

Read here to find out how REIC has helped hundreds of individuals find places to live!

BLOG 2009 Foreclosures

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Welcome to Scare-City, USA

January 19th, 2010 josieema No comments

BLOG ScareCityWelcome to Scare-City, USA (pronounced “scarcity”). The place where you can find offices full of insecurity, houses full of hoarders, little power, little choice and little consciousness in action. Population: Way too many Americans. Where did “Scare-City, USA” get it’s name? From the scarcity paradigm. What is this paradigm and who was the founder? Well, we don’t know. But what we do know, is that tons of Americans believe in this paradigm. That there is not enough–there is not enough resources, not enough money, not enough of anything! Scarcity is a game of limited options. That life is a game based on limits, rooted in doubt, fear and despair. These people are afraid of money–of losing it, of spending it. They hoard and accumulate their money based on typical financial advice (401K). Accumulation is the hallmark, financially, of the scarcity paradigm. They hoard and save and scrimp and hoard and save and scrimp until they have enough money for retirement. However, they face a problem. That it doesn’t work. To learn more about Scare-City, USA and how to avoid going there, click here.

What it takes to be great

January 8th, 2010 josieema 2 comments

Geoffrey Colvin, senior-editor-at-large for Fortune magazine wrote an article back in 2006 entitled “What it takes to be great.” He looked at figures like Warren Buffet and other exceptional individuals in their respective professions.

He wrote: “What made Berkshire Hathaway (Charts) Chairman Warren Buffet the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what the ended up doing. As Buffet told Fortune not long ago, he was “wired at birth to allocate capital.” It’s a one-in-a-million thing. You’ve got it-or you don’t…

Well folks, it’s not so simple. For one thing, you do NOT possess a natural gift for a certain job, because talented natural gifts don’t exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that’s demanding and painful. Buffet, for instance, is famed for his discipline and the hours he spends studying financial statements of potential investment targets.

The good news is THAT YOUR NATURAL GIFT IS IRRELEVANT-TALENT HAS LITTLE OR NOTHING TO DO WITH GREATNESS. YOU CAN MAKE YOURSELF INTO ANY NUMBER OF THINGS, AND YOU CAN EVEN MAKE YOURSELF GREAT…THE FIRST MAJOR CONCLUSION IS THAT NOBODY IS GREAT WITHOUT WORK…The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast of fame and riches if they found their talent. But that view is tragically constraining, because when they hit life’s inevitable bumps in the road, they conclude that they just aren’t gifted and give up. Maybe we can’t expect most people to achieve greatness. It’s just too demanding. But the striking, liberating news is that greatness isn’t reserved for a preordained few. It is available to you and to everyone.”

As you’ve heard in our seminars, webinars and other events, real estate is hard. But you can do it! Yes the road will be long, painful and you’ll want to quit. But if you stick to it, you can do some great things; you can fulfill your soul purpose!

For the full article, click here.

Go get YOUR dreams!

January 5th, 2010 steveearlreic 2 comments

Happy New Year! I hope everyone had an enjoyable and memorable New Year Holiday. This is always an interesting time of the year as many people make new goals, rekindle old hopes, and start the year with an increased desire to succeed. Sometimes we endure and realize these goals, other times we fall just short, and many times the fire we feel on the 1st of January is extinguished before the end of the month!

BLOG MarathonLast year among several of my hopes was a goal to qualify for the Boston Marathon. I started running longer distances five years ago. Qualifying for Boston became an elusive goal of mine four years ago! I have set that goal each January. I have to run a marathon (26.2 miles) in 3 hours and 20 minutes or less to qualify for the Boston Marathon. Finally, in 2009 I really meant it! I stuck to my plan. I awoke at 5 A.M. every day to run. Snow did not stop me. Rain, mud, and wind, did not stop me. I did speed work, I ran long distances, I endured ridicule and the constant “why are you doing this?!” question. I ate right and refused ice cream, cake, and many of my other favorite foods. I invested in pair after pair of running shoes and the latest gadgets to record my times and measure my distances and speed.

Finally the day came to attempt my qualifying run at the St. George Marathon. I had carefully mapped out each mile of the race. I knew the elevation gain or loss of each mile. I planned out when to consume my energy packets of life sustaining Gu. I knew exactly how fast I needed to run each mile.

The starting gun fired at 7 A.M. and I was off. I felt great! Miles after mile I stayed almost exactly on pace. At the half way mark I was within five seconds of my carefully planned strategy. I asked my oldest son to meet me at the 16 mile marker and run with me for a couple of miles to keep me motivated and push me to keep going. At mile 20 my second son met me to take me the rest of the way and make sure during the hardest part of the race I did not falter. Everything was going exactly according to plan! At mile 23 I declared to my son “I’ve done it! I am going to qualify!” Then life hit me. Without warning my left calf muscle completely seized up on me. The pain was excruciating. Every step left me wincing in pain and my pace began to slow considerably. I repeated over and over again the mantra “I am whole, I am whole,” trying to do everything I could to ignore the pain and keep my pace.

I looked at my watch to see whether I had enough of a buffer to account for the slower pace. I calculated that it was not. My goal, my dream, was slipping away from my grasp with each passing second. My son was yelling at me and encouraging me to push on and pick up the pace. I did my very best to obey.

The last mile of the race was the longest mile I have ever run. It was the most physically and mentally challenging moment of my life. When I finally crossed the finish line I was totally and completely exhausted in every way. Two members of the National Guard who were manning the finish line caught me and helped me through the chute to the finish corral where I was able to sit and analyze my results. As it turned out, I was 59 seconds too slow for the needed qualifying time. That is 2.2 seconds per mile!

I came up short again. But I will tell you this–today is the first of January and I just bought a book called Run Less, Run Faster. And, I have an expert running friend who is going to provide me a little bit of expert advice. This is the year! I am finally going to do it! I look forward to seeing you at the finish line of 2010—Go get YOUR dreams!

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2009: A year of learning, building, developing and implementation!

December 31st, 2009 steveearlreic 1 comment

Happy New Year
A few weeks ago the REIC executive team met up at the Homestead Resort in Midway. Our meetings began at 6:00 A.M. and we concluded our day at 9 P.M. I am happy to report that we had an amazing experience as we reviewed our activities of 2009 and planned our strategy for 2010. 2009 was a building year. In this article I would like to share with you some of the accomplishments and decisions of 2009 that we are most proud of:

• Signed up nearly 200 new REIC investors.
• Helped our investors purchase 75 local properties.
• Helped our investors close 110 loans.
• Increased overall revenues by over 10X’s compared to 2008.
• We are participating in some kind of a company service project each quarter to build and improve the communities where we do business.
• Created an amazing and sophisticated client tracking system.
• Created an improved comprehensive consulting/coaching program.
• Created 6 committees which tap into the intelligence, passion, genius, and creativity of our executive team.
• Created a book that will become a national best seller and that consolidates everything that REIC teaches into one source. This will be the “go to” guide for all our investors.

Wow! I need to catch my breath! 2009 has been a year of learning, building, developing, and implementation. 2010 will be a year of execution. The goal is 100% investor satisfaction. And the most important thing in making sure that you as an REIC Strait Path investor are satisfied, is to help you learn the investor mindset and take action to begin or continue your own journey as a real estate investor. As the new year begins and you set your goals and ambitions, please take advantage of all the resources that are at your disposal as an investor in REIC.

I wish you the best as the year comes to a close and hope for your success and happiness in the New Year!

Sincerely,
Steve Earl, CEO

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December 23rd, 2009 josieema 1 comment

Merry Christmas REIC

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