One House At a Time!
with John AdamsBW_monopolyman

Admission at the event is $39 per person if seats are available. We are SELLING OUT fast.

Click on your event date below to Pre-Register at $19 per seat while ADVANCE seats are available. Advance seats selling out quickly. Use promo code LIBERTY

Last one scheduled is:
Monday, 11/30, 1pm – 4pm, Oglethorpe Inn 7110 Hodgson Mem,SAVH

HAPPY THANKSGIVING!   Our Brunswick event has been posponed until after the holiday

This exciting three hour event will show you a clear path to wealth creation in America today, in a non-risk environment that emphasizes persistence, preparedness, and hard work. John Adams has done it himself, now he shows you how  you can do it too!

Hour 1: Creating WEALTH in America Today

The Income Tax & the Millionaire Next Door
How To Avoid RISK
The Seven Percent Solution

Hour 2: Putting Your GRAND PLAN To Work

LEVERAGE makes it all work
Evaluating Real Houses: 3 Case Studies
Repairs, Vacancy, Tenants, Section 8
Striving for Tenant Retention


Steady Growth & Annual Grooming
The Real Estate LLC in Georgia
Property Tax Reduction
Keeping Up With It All with Google and Internet Tools

This course is approved by the Georgia Real Estate Commission for three (3) hours continuing education credit. Presented by the Institute For Real Estate Policy, PO Box 98, Decatur GA 30031, GREC Course Code 44464, School Code 900026.

Admission at the event is $39 per person if seats are available.

Click above on the event date you prefer to Pre-Register at $19 per seat while ADVANCE seats are available. Use promo code LIBERTY . If code is not valid, advance seating is no longer available for this event.

Advance seats available based on 15% of venue seating.

Reverse Mortgages

AJC Business 01-NOV-2015

by John Adams

The ads for reverse mortgages often sound too good to be true. You can’t be turned down. There are no monthly payments required – ever. You get access to equity tied up in your home. And you can stay there forever – with no monthly payments – forever.

Who wouldn’t want to sign up for that?

A reverse mortgage is a special type of loan that allows homeowners 62 and older to borrow against the accrued equity in their homes. The loan must be paid back when the borrower dies, moves, or no longer lives in the home.

I’d like to begin by saying that there is nothing inherently wrong with the concept of a reverse mortgage. It is an interesting and novel way to allow some seniors to stay in their home when all other avenues may be blocked.

But a recent study by the CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) found that many ads for Reverse Mortgages were misleading, and that many consumers thought these products were, in fact, a government benefit for seniors, rather than a true mortgage loan.

I am not criticizing the loan program itself, only the ads that show enticing images of youthful retirees enjoying rounds of championship golf or other leisure activities.

It is important to realize that a reverse mortgage is a home loan like any other mortgage, and if you fail to meet the terms of the loan, you can and will lose your home to foreclosure.

Here are some facts to know:

* Under a REVERSE MORTGAGE, you borrow a portion of the equity in your home, and decide how to spend the money in any manner you choose.

* Any money you borrow is secured by your house, just like any other home loan.

* You are charged interest on the outstanding balance, just like any other home loan.

* And just like any other home loan, your home is collateral for the loan balance.

So, why is that a surprise to anyone?

Because of the nature of a reverse mortgage:

1. It’s for seniors who own their home free and clear of any debts (or owe only a small amount).

2. Loan qualification is very simplified because the loan is secured by the equity in your home.

3. There are no required monthly payments.

4. You can stay in your home with no monthly payments for as long as you live there.

4. When you relocate (or pass away), the loan (plus all the accumulated interest) becomes due. It is assumed that the house will then be sold to pay off the loan.

5. The loan has relatively high upfront costs and a relatively high interest rate, compared to a conventional fixed-rate home loan.

So, if you, or members of your family, are considering applying for a reverse mortgage, here’s my advice:

1. Make sure you understand all the details before you commit to a reverse mortgage. or any type of loan for that matter. It is not a guarantee of financial security.

2. Know that there is almost always a less expensive option than a reverse mortgage. Creative family assistance and home equity loans should be explored.

3. Consider a reverse mortgage as a last resort if you own your home, need money, and can’t find any other way to get it.

Finally, be certain that you understand the following:

A reverse mortgage is not a government benefit for seniors. It is just like a Home Equity Loan that requires no payments until you move or pass away. You can probably find a better alternative.

Again, I want to state that I am not opposed to the idea of reverse mortgages. They can be a useful loan product when their features match the need.

But when any lender misrepresents a home loan product to the extent revealed in the CFPB study, it should be a cause for public concern.

The read the CFPB Consumer advisory and the complete study results, visit my website at and click on “Reverse Mortgages.”


Now is the time to buy a house

AJC 2015 OCT 18
John Adams

The clarion call of the National Association of REALTORS is (and always has been) “NOW is the best time to buy a house.”

And at this moment in history, they are probably right. Only in retrospect can we see that a particular moment in time was the absolute wrong time to buy real estate, especially if you need a place to live and you can afford it.

But I would submit that there are compelling reasons to embrace their current call to action. No, we can’t see into the future, but yes, there are clues and trends that we can look for now.

Here are seven indicators that I believe support buying now:

*  For most Americans, the best investment they ever make is when they buy their own home. I am aware that you could point out some poor soul who paid all cash for a home when prices peaked nationally in 2007. But even he has seen all his lost value come back, and is now ahead of his purchase price, at least according to the Census Bureau.

*  For most of us, the only way we can afford to buy a house is to use long term financing. And it’s important to remember that the cost of this financing, in most cases, exceeds the actual price of the house itself. The two most popular loans available today are the 30 year fixed rate, and the 15 year fixed rate.  Those rates are currently near historic lows, at about 4.25% and 3.25% respectively. And historically, this makes for a tremendous bargain over the life of the loan.

*   Another powerful reason to consider buying now is the likelihood that the rate bargain mentioned above may disappear at any time. In fact, please replace the word “may” with the word “will.”  Who says so?  None other than Federal Reserve Bank Chair Janet Yellen, who recently said that she expects rates to begin rising as early as the end of this year, although no one expects that rise to be abrupt or dramatic. But if we know that rates will very likely be headed up, why wait to lock in?

*  Home prices are rising, and at healthy rates. Year over year average home selling prices in metro Atlanta were recently tracked at +6.3%, which I believe to be healthy and sustainable. That’s a far cry from the depths of the Great Recession. Atlanta is creating jobs again, and that is the primary driver of housing prices.

*  The tax benefits of homeownership are still simply outstanding. For example, you can buy an ugly duckling house in a nice neighborhood, move in, fix it up yourself at night and on weekends for a two year period, then sell at a nice profit and pay literally no income tax whatsoever on the profits. No other investment is so favored by our tax system, a reflection of our nation’s commitment to life, liberty and property.

*  Some fence-sitters cite the possibility that rates might go lower in the days ahead if current rosy predictions of economic growth wither. That’s true, but if that happens, you can always refinance and lock in the lower rate, which is exactly what millions of homeowners have done over the past several years.

*  Prices of real estate in the days ahead are likely to be higher for several reasons. First, labor costs are rising, as skilled workmen take new jobs in other industries. Second, inflation will likely rise along with higher interest rates. No one is yet talking about an overheating economy, but even a steady annual rise of 7 percent will cause a home’s value to double in just over a decade.

And finally, government regulations requiring all manner of things deemed in the public interest are adding substantially to the cost of new construction.  As an example, energy-saving thermopane windows with low-e glass and argon gas were once an expensive option. Today, many municipalities require it in all new homes.

*  The primary alternative to buying your home is renting one from somebody else. And rental prices are rising fast, driven by construction costs and steep demand. Unless you plan to live with your parents or buy a tent, you’ve got to live somewhere. And the truth is that it costs more to rent a house than it does to buy a similar one in most parts of the country. Furthermore, once you lock in a loan rate, your principal and interest payments will stay the same for the life of the loan. Try asking your landlord for a thirty year fixed rent lease.

Know this: I understand that homeownership is not right for everybody. Some prefer the freedom of being able to pull up stakes and move on  short notice; some folks expect to relocate in a year or two; some people simply are not prepared to accept the responsibilities that ownership requires.

But for most Americans, buying a home is the best investment they ever make. History has proved this again and again, and I believe the future will reward those who take action now.