How to get $1/2 Million Dollars Ahead.

27 12 2011

Small steps for big results.

In life, there are a few small actions that you can do that will have a tremendous benefit for you.  The biggest is to start and grow your own successful business.  But whether you’re an entrepreneur or not, everyone needs a roof over their head.  And how you finance that roof can put over $500,000 in your pocket or someone else’s.

The average renter in Oklahoma pays about $750 per month in rent.  Property values and rent typically rise about 3% per year in Oklahoma, and over the 30 years that typically make up your working life, you would have spent $435,019 in rent, and have not even on cent of equity.  That’s what I call a terrible deal.

By buying a home with a similar monthly payment, not only would you own a paid-for home worth $327,680, but you would have saved $53,640 on your taxes as well.  By year five in your home, you would have received more back on your tax returns than you put down for the down payment.  The IRS pays you back for your investment, you make the same monthly payment for a house that pays YOU back.  That’s what I call a smart deal.

Let’s look at the math:

Renting:

Costs                                             $-488,659.00

Benefits                                                      $0.00

Total                                             $-488,659.00

Owning a home:

Costs:                                            $-237,172.00

Benefits, equity                            $327,680.00

Benefits, tax savings                      $53,640.00

Total                                                $144,148.00

So you can pay almost $1/2 Million to a landlord for no benefits, or you can pay yourself and come out over $1/2 Million ahead.  It’s your choice.  And when you’re ready to make a smart choice for you, I’d like to help you.

Wilhelm Koenig

405.249.5993 cell

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Wanna buy a home at 50% off?

22 12 2011

The catch?

You must be a good neighbor.

Seriously.  There is a program called the Good Neighbor Next Door that allows teachers, law enforcement officers, and firefighters/EMTs to buy a home at half off the list price.  I call this the “Half Off Homes for Heroes” loan.  HUD offers this program because they have foreclosed homes in neighborhoods that they want to revitalize.  The best way to revitalize a neighborhood is to encourage quality people to live there.  50% off the sales price of a home is a pretty big encouragement, and I am honored to be able to help some of these heroes get an incredible deal on a home for them and their family.

The heros do need to live in the home for three years to get 50% off, the house needs to be a HUD home that qualifies for the GNND program, and the heroes need to be able to qualify for an FHA loan.  Other than that, it’s pretty straightforward.

For more info on the program:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot

HUD’s Single Family Home Locator displays maps of REO properties and special programs such as Revitalization Areas.  There are  many revitalization areas across the country. HUD is always working with localities to designate new areas. For information on Revitalization Area Evaluation Criteria, please see Housing Notice 11-02.

To search for homes/areas:

http://sfgis.hud.gov/index.html

If you are a hero and want to buy a home and save thousands of dollars, I’d like to help.  Please contact me to get started with the Half Off Homes for Heroes.

Thank you for your service, and I look forward to serving you and your family.

Sincerely,

Wilhelm Koenig

405.249.5993





I will trade you $300,000 for 1.5 hrs of your time

31 10 2011

If you are a renter, you will likely waste over $300,000 of your money on rent over the next 30 years.  And receive nothing to show for it.

That is like buying your landlord 600 iPad 2s.  What if you could those iPads and that money in YOUR pocket?  Would it be worth an hour and a half of your time?

On Thursday Nov 3rd, from 5:30 – 7:00 pm, I will be hosting a seminar to reveal the secrets of changing your financial future through buying a home.  Hideaway Pizza will be served, but space is limited.  Please RSVP in advance to

Wilhelm Koenig

405.249.5993

And we will see you at 5:30 pm on Nov 3rd at the Professional Insurors building, 7301 N. Broadway Extension Ste. 200, Oklahoma City OK 73116.





3.5 Ways to buy a home for little or no money down

21 10 2011

Does your rental house feel like the one in the picture?

Rickety, drafty homes that cost a fortune to heat in the winter and never cool down in the summer?  No privacy?  No security from the shady neighbors?  Worn, smelly, stained carpets?   And your landlord…don’t even get me started.

In the words of Dylan, “It ain’t a way to live, sister.”

Most renters are stuck here until they can save the money for the down payment.  Fortunately, I have 3.5 solutions to help you get into your first home so you can ENJOY living in your house.

1. VA Loan- if you are an active duty servicemember or the spouse of a deceased servicemember, you may qualify for a VA loan.  No down payment is required, and you pay no monthly mortgage insurance.  This helps you buy a better home and get a lower payment.  Thanks Uncle Sam!

2. USDA Loan- 90% of Oklahoma is considered rural, and if you plan to buy outside of OKC limits, you could buy a home for no money down and pay no monthly mortgage insurance.  Your taxes and the sales price of the home will probably be lower, too.

3. Section 184 Loan- If you are a member of an Indian nation, you may be eligible for a Section 184 loan.  You could buy a home anywhere in OK, pay no mortgage insurance, and pay a small down payment.  Plus, many tribes have down payment assistance to help you get into your new home.

3.5 FHA Loan- If none of the above apply to you, you can always buy a home with an FHA loan.  FHA requires a down payment of 3.5% of the sales price, but this can be a gift from a family member.  If your family can’t help you out, contact me– I have 18 other ways to get the money for the down payment that FHA allows.  We’ll go through all the options that could help you.

Wilhelm Koenig

405.249.5993