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Define What You Want
“If you don’t define it, you can’t have it.” Scott Whaley
The moment you clearly define what you really want, your brain activates and allows you to really go for it.
Government To The Rescue!
In another brilliant move the government has “fixed” the lack of enough legal forms in multi-family closings. Of course this will fix all of the “perceived” challenges with multi-family and FHA loans. I feel better now, don’t you?
After a two-year process involving two rounds of comments by industry stakeholders, on May 2, HUD published new closing documents and regulatory revisions for the FHA Multifamily Insured Loan Program (76 FR 24363). The new documents must be used for mortgages that receive a firm commitment from HUD on or after September 1, 2011. (Borrowers can request to use the older closing documents after September 1 if the FHA Commissioner agrees that using the new ones would cause financial hardship.)
The revised closing documents reflect extensive changes. Among the many changes, some key modifications include: expanding the definition of an eligible borrower to allow a non-single-asset entity in certain conditions; requiring additional borrower liability; and creating a two-tiered default structure. Member firms that use FHA financing are encouraged to review the revised documents. Firms with applications under consideration by FHA should consult with their legal counsel.
For a limited time, the final documents, as well as redlined versions showing changes made, are available on HUD’s Multifamily Closing Documents web site. Eventually, they will be made available in a fillable format on the HUDclips website.
I’m brushing up on my Chinese. It seems like a good idea since the IMF released a report last week with China as number one
The International Monetary Fund released a report last Tuesday predicting that the size of China’s economy will surpass that of the United States by 2016, which is a lot sooner than most big-picture economic prognosticators say. Specifically, the IMF says that the Chinese economy will grow to 18 percent of the world’s economy, up from 14 percent now, and wave hello as it passes the U.S. economy, which will shrink to 17.7 percent of the world’s total in five years. The organization says that the Chinese GDP (based on purchasing-power parity) will be $19 trillion in 2016, compared with a U.S. economy of $18.5 trillion.
The prediction depends on some sizable assumptions–big as the Great Wall of China, one might say. One is that the Chinese economy will grow 10 percent each year until 2016, and that it’s growth figures are more accurate than fudged. More fundamentally, the growth of China’s overall GDP isn’t so surprising, considering that the country has about 20 percent of the world’s population. It would indeed be astonishing if China were going to catch up with the U.S. in per capita GDP, but not even the IMF thinks that’s remotely likely, since per capita U.S. GDP is about $42,500 (in 2005 dollars), while China’s is about $2,800.
Impatience costs you success. Patience pays off.
I have a friend who is an ex-naval aviator and squadron commander, New England Patriots Pro football player, and ex gang leader. Everything he does, he does at an extraordinarily high level. I’ve always listened to (yet unfortunately not implemented) everything he says. Today, he’s a farmer. And of course, he’s a great farmer.
He was watching me one day and he said, “You know what your problem is?” (I just love that beginning….don’t you? John is one of the few who can say that to me and I actually listen.) “You’re too impatient, slow down. You know what you’ve gotta do? You’ve gotta have the patience of a dead rock!” Now, I have never seen a live rock, but I decided to let that one go.
He was so right; in that instance and so many others. If I had taken the time, I would have learned the lesson right then when he said it. Of course the irony is I was too impatient so I had to learn it over and over and it cost me… big time.
Are you having to learn and relearn important lessons? What is that costing you?
Most people give up just when they’re about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown.Peak Performance and Success Formula proven over decades.
Congratulations! You made it! This is going to be fantastic resource for you if you are more than interested in becoming the best you possible and achieving all that is potentially yours in life. After some ok and not so ok attempts this should be several generations of improvement over the other sites and whether you are an investor, speaker or someone simply looking to be and do your best with what you have….then I’m committed to making this the best place for you. This is my first post here however please be sure and leave comments and any ideas especially on how to improve the value you get from this site. Looking forward especially to hearing about the successes you create and share here to inspire others and to help everyone learn as well.
-Scott Whaley
Team Coaching Overview On How It Works
Hey Guys,
Here is the Team Coaching Audio. It’s about 18 minutes. It is based upon the accelerated learning principles taught at my NLP Trainer Training I did with Tad James.
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Also, one last piece that I did not cover [...]
Weekly Wealth Wisdom – Weekly Motivation Delivered To Your Inbox
We all want more. More money, more health, more love, more adventure. You name it! But how to get it? The old fashioned way was to get it from your elders in your family or discover it for yourself thru trial and error. Only problem with those two methods is that your family may not [...]
Featured Article from March 2011 issue of Fast Company, by Dan and Chip Heath
Some of the biggest victories are won one inch at a time.
In this article Dan and Chip Heath begin by recounting the story of Sally Herndon, who became the program manager in North Carolina for project ASSIST, an antismoking initiative. Her mandate [...]
Featured Article from the March/April 2011 issue of Scientific American Mind by Erica Westly
“Daydreaming may boost creativity, but a new study from psychologists at Harvard University suggests that letting your mind wander may also lead to unhappiness.” Results from their study indicate that people’s minds wander a lot! “Minds were wandering at least 30 percent [...]
How This Simple Change In Your Emotional State Will Bring Out Your Peak Performance
Could you imagine there is a way of creating success that will run counter to 99% of everything you have ever heard before about what it takes to make money and achieve success? If you are like most people I meet with you are either struggling to make your business work or you’re making it [...]
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