Call 661-525-HOME

for your fair cash offer now

Call 661-525-HOME

You have nothing to loose but the headache

Blog

Eagle Creek Investments | Information | FAQs

Eagle Creek Investmetns

What is Eagle Creek Investments?

Eagle Creek Investments is a real estate investment company located in Bakersfield, California. We specifically specialize in purchasing home’s from owners who need to sell their home quickly. Our number one priority as an investment firm is insuring that our business partners and home owners are left happy and well acquainted with. Our knowledge and experience in this industry has enabled us to leave our acquaintances with a satisfaction like no other. The mission of Eagle Creek Investments is to “Find creative solutions for difficult problems”.

Why Work With Eagle Creak Investments?

Selling a home can be a big decision which is why it’s important for you to chose the right investor and or company to go through. Eagle Creek Investments insures that the entire process is friendly, timely, easily, and most importantly correctly done. From phone calls to paperwork we ensure these four standards are met. To ensure clarity we never hesitate to answer any  of your questions. Our seller’s satisfaction is our number one priority and we strive to leave you with the best solution by the end of the entire process.

Who Does Eagle Creek Investments Work With?

Eagle Creek Investments works with anyone seeking to sell their home. If this is you give us a call and we can discuss how our team will best serve you! Whether you are moving and need to sell quickly, inherited a home that you can no longer care for, or just need an easy solution to sell your house quickly and pay off debts, your needs will be understood and we are here to help.

Thank you for taking the time learn a bit more about us. If a question you had was not answered, talk to our team personally by clicking here. We respond quickly, timely, and clearly so never hesitate to ask.

Eagle Creek Investments Now Serves The Entire Kern County!

Uncategorized

Do You Feel Like Your Drowning In Debt?

debt

Across America debt is becoming a massive problem. In fact approximately 80% of Americans are in debt according to fool.com1. That percentage shows that you are not alone in your struggles. There is one piece of information that research does not show. It fails to show how many are able to manage that debt and pay their monthly payments on time.

Debt can be very daunting and reasons can range from job loss to a death in the family and everything in between.  The government and debt collectors will not care however when it comes to late payments. Not be able to manage your debt can destroy your credit or even worse, divorce can be a horrible outcome caused by financial troubles.

There is a light at the end of the tunnel however! Debt is manageable and here are some easy steps you can take to start managing your debt today!

debt

1. Find The Facts:

In order to get a hold of this problem that feels like you are spiraling out of control, you need to discover how much debt you actually have. Many websites online allow you to check your credit score for free. Just remember if you check your own credit score it is considered a soft hit and does NOT affect your credit score. If a bank or loan agent checks your credit score, it is considered a hard hit and WILL affect your credit score.

Pro Tip: When shopping for a mortgage, Loan, Credit Card etc, you can “shop around” within a “14 day span” and it will only be counted as One Inquiry!2

Going to websites like mybankrate.com, creditkarma.com, myfreecreditreport.com are all safe websites to check your credit score for free. Checking your credit score will show you exactly how much you owe on your loans, to creditors, credit cards, student loans etc. I personally use mybankrate.com when helping people fix their credit score and it is quite easy to navigate.

-Find out more why it's important to manage your credit!

2. How Much Do You Owe?

Once you look up your credit report, you need to add up all your debt. Just remember to add what you owe on loans, credit cards and also creditors. Remember creditors charge interest, so what you see on your credit report may have gone up since then. Don’t stop there! There are thing you can do to fix this!

3. So Much Money, Who Do I Pay First?

You first need to prioritize what is important to pay off first. You want to pay off any creditors first because that is killing your credit BUT don’t neglect the accounts you are paying on time. Next would be credit cards because their interest rates are usually around 25%! Vs a loan which can be closer to 1-12% depending on your credit score. The last thing you want to throw EXRTA money towards is your loans. You do however want to continue paying them on time.

debt

4. But What If I Don’t Have Enough?

If you owe more in payments than what you can afford, you need to hurry to take control. A really easy and quite common thing to do is combine all of your debts into one loan! Just by reducing the interest rates on your credit cards and the crazy rates that creditors charge can save you THOUSANDS! This is called a Consolidation Loan and many times you can call and get rates right over the phone.

Also you should be thinking about downsizing. If you have 3 cars for example, can you sell one and save on the insurance and DMV payments etc? Most people can find some savings somewhere in their budget, the most common being their food bill. You will be surprised how much eating out can cost!

5. Lets Fix This!

Two things to be aware of is a prepayment penalty and the 14 days you have to shop around. When getting any loan make sure there is no prepayment penalty which will allow you to pay off the loan early without a fee. Just keep in mind the loans your already have may have a prepayment fee. On bankrate, there are phone numbers you can call for your loan specifically to find this out. Also just remember once you have done your homework, make sure you pick who you are going to do a loan through within the 14 days, from when you started shopping around. The Biggest thing you can start doing is start being accountable for where your money goes. Many times a Wife, Husband or even a friend can keep you in line and make sure you don’t have any late night spending urges on Amazon.

I believe in you, and know you can do it. The first couple steps are easy and you can start it right now for FREE. So what are you waiting for? Go out there and start making yourself better today!

 

 

Remember if you ever have any questions feel free to contact me at any time, or if you have a topic you want covered just let me know!

  1. fool.com/retirement/2018/02/15/its-official-most-americans-are-currently-in-debt.aspx
  2. https://www.myfico.com/credit-education/credit-checks/credit-report-inquiries/
Uncategorized

Why Taxes Suck and Retirement is Awesome!

retirement

Have you ever avoided taxes altogether? If you have ever had a job, then you haven't. Taxes are inevitable and normally when we get money in any form, we have to pay taxes on it, including retirement. That doesn't have to be true though!

Retirement accounts are one of the governments loopholes where if you just plan ahead, than you can receive a paycheck during retirement TAX FREE! That's right no taxes at all. Are you listening yet? The second I realized this was real I opened up each type of 'deferred' and 'Tax Exempt' account as soon as I could.

A couple of popular examples are 401k's and social security that we pay into. Retirement accounts don't stop there!

Roth IRA:

  • Contributions to this account is taxed up front, yet the growth and withdraws are 100% tax free so long as you pull out the money after 59 1/2
  • Pulling  money from your retirement account before 59 1/2 can also be tax free so long as your account is 5 years old up to $10,000 for 'qualified first-time home buyer expenses'
  • Roth IRA's allow you to invest into whatever you want, individual stocks, index funds, lifestyle investments, and many creative investments as well!
  • The only problem? You can't earn too much money or the government limits your contributions, so invest now! Right now (2018) the government limits your contributions to $5,500/yr under 50 years old and $6,500/yr over 50. If you earn more than $120k than your limited to the amount on contributions and above $130k your not allowed to contribute anymore.

Traditional IRA:

  • Contributions into this type of retirement account can actually lower your taxable income which can qualify you for other incentives like the child tax credit or a  student loan deduction.
  • If you are under 59 1/2 you can also withdraw $10,000 early, for qualified first time home buyer expenses and also higher education expenses
  • Hardships like unreinbursed medical expenses and disability could also qualify for early contributions

401k, Deffered Comp, 403b:

  • All of these retirement accounts are taken out of your paycheck pretax. Which means that Uncle Sam never sees a drop of that money until its time to take the contributions out.
  • There is definitely a place for these accounts and if your employer matches your 401k, than you are loosing out on free money if you don't take advantage of that plan
  • On the flip side, most of us plan to earn more money when we retire, and if that places you into a higher tax bracket than you are currently, you could be paying more in taxes later on.
  • This though process goes both ways, because these accounts lower your taxable income and can be very beneficial if you are about to jump into the next tax bracket right now.
  • Most of these accounts have the same limits with 59 1/2 years old being the magic number when you can start withdrawing money.

Just know that knowledge is power! All you have to do is spend a couple hours of research and you can easily save thousands of dollars in the long run. The government gives many benefits for these retirement accounts and I encourage you to start planning for and taking advantage of that retirement now!

Remember if you ever have any questions feel free to contact me at any time, or if you have a topic you want covered just let me know!

Uncategorized

How I Earned $1,000 on accident – Determining Price

price

Accidentally?

Have you ever done your laundry and accidentally stumbled upon a couple dollars?  This time I earned $1,000 and it wasn’t from doing laundry. Although this story does involve an explanation of how I did it, what’s most important to derive from this story is the lesson of determining price based on an objects value.

First off I love buying used cars. The entire thought process intrigues me. It intrigues me that I can buy a car for a fraction of the value that someone bought it for at the dealership. I’ve even bought cars at a price as cheap as $500 and they have lasted me years before they stopped passing smog. That’s a couple months worth of gas and my car is fully paid for, character included for FREE!

When I bought my house it ended up requiring a bit of work to get it to a clean livable condition. That also meant my car wouldn’t cut it when I needed to carry pieces of plywood, loads of tile, etc. So, I went out and started shopping for a truck. My first destination was craigslist. Usually there are plenty of deals and you can find the average price for a particular used vehicle that you want.

The Fix…

After scrolling through some adds and talking to a couple people I found a Ford Ranger 2.3L with 100k+ miles at a decent price point. I thought, “Perfect. It’ll last another 50-75 thousand miles and ill have a nice truck.” The guy was asking for a price of $1,200 and after some negotiation we settled on $1,000, we signed the paperwork and I was on my way. I kept looking on craigslist however to make sure I was getting a deal and stumbled upon another ranger that had a bigger 4.0 engine and was only $1,400! Thats a few thousand dollar upgrade if I were to buy it new! Soo.. I bought it.. But what am I going to do with two trucks? I guess I didn’t think that one through fully so I used the same pictures the other guy had taken and I listed it at a price of $2,200 and noted in the posting that it had low miles. It’s all about perspective, because to me the truck had plenty of life left in it.

The Price?

All of  a sudden I was receiving a flood of calls and sold it within 2 days. Price? We agreed on final price point of $2,000, which is $1,000 more than what I bought it for minus the registration and smog. I immediately went online and looked to see if it was illegal to do this regularly. It turns out that curbstoning or “flipping cars” is illegal in California. I, however, sold my truck at a higher price than I had bought it on complete accident. Oops!

What’s important to take away from this story is not that you can make money flipping cars, because as I mentioned above there are some legality issues with that process, it’s that I realized quickly the value of an item is all perceived in who is selling it. As famous Grant Cardone said in a speech, “If the value of an item exceeds the cost, then someone will buy it”

Similar Information:

Sacramento CBS Investigate Flipping Cars or “Curb stoning”

Click here to browse a list of my most interesting life stories

Uncategorized

Why does everything lower my credit score??

credit

Does your credit score suck? How come you can't get a loan anywhere?  Can't even get a credit card because of a low credit score? Don't worry, your not alone! Even I got suckered into a couple credit cards and didn't even realize what paperwork I was signing! (Easily avoidable now!) The topic of credit is one that comes off as complicated, intricate, and a general nuissance to many, but below I've simplified how you can start bettering your credit as well as the important factors that determine your credit score.

There are two easy steps you can take right now to help your credit immediately. Start by paying all of your bills on time and then reduce the debt that you are 'utilizing'. Right now i'll dive into the world of credit cards and how they can be your BEST Friend, or WORST Enemy...

This topic not to say debt is bad, however your credit score is calculated based as a percentage of how much debt you have, vs have much your allowed to have. Lets say you have a $1,000 credit card limit. If you have $800 on your credit card, it is going to look horrible because you are "utilizing" 80% of what your allowed to spend. There is two things you can do, and I caution you with the second.

First, you can pay off your debt at the end of each month (That will definitely look good on your credit report and to your bank!). Just remember, that the second you decide to roll the unpaid balance into the next month... You are going to get hit HARD with interest rates! Those suckers can be as high as 25% which means your original $800 bill is now $1,000 that you owe to the bank!!  I don't know about you, but there are a lot of things i would rather do with $200 than to blow it at the bank for no reason.

Second, you can pull off a rich persons secret. See to them debt is not an enemy, and instead its a tool. Correctly used in an investment, they can earn more money on the investment than what they are paying in interest on a loan. How does that affect us though? Well if you take that same $800 and put it on a credit card with a $5,000 credit limit, now your only utilizing 16% of what the bank has allowed you to spend. Same $800, crazy huh? Also it is going to looking amazing on your credit score. Your goal should be to keep your utilization around 30% or less. Caution though, the bank will raise your limit even if you can't afford it, so realize how to control your spending first and pay off that card each month.

YES, that means that bran new car you bought, just lowered your score, HOWEVER! If you pay your payments regularly it will eventually level out and help with your 'length of credit' and 'paying your accounts' on time.

credit

The Solution To Debt!! Don't have enough money to pay for your credit card?? First thing you can take action on at the end of this paragraph, is to go onto your account history for everything you spend each month and simply write it down. I believe in you! Write down at least the last 3-4 months and categorize everything into subjects like Bills, Gas, Food, etc.

Now calculate how much you earn each month. Do you spend more than you earn? I know back when I did tried this, I was going to circle the drain quick if I didn't do something about it! I realized I was blowing around $1,000/month on just food for two of us and a couple dogs. Way too much money and the easiest thing that even you can reduce. I now challenge you to buy fresh groceries and cook! Friends coming over? You can BBQ and have a cooking fest, it'll be fun and soo much cheaper than eating out! I know every time my friend Aly brings her son James over we end up cooking and never eat out. I promise it'll bring your friends closer together and you'll save tons.

In conclusion, I want you to know that debt is not bad, so long as you can control it. Now go out there and rock those finances.

Remember if you ever have any questions feel free to contact me at any time, or if you have a topic you want covered just let me know!

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound

Have a Question? Contact Us: