youcanbuycashflowrealestate.com

Real Estate Investing - Do You Take Your Cell Phone On Vacation?

Last week I took my family Up North for a week to a fabulous resort.    We met my other members of my family as my brothers, sisters and parents.   We had the most fabulous weather and we all returned home with wonderful suntans.

I took my cell phone with me since this is the number I have on all of my For Rent Signs in the Wisconsin area.    Out of state investments are handled with Property Management companies.

I have a difficult time handing my properties over to a Property Management company on my locally owned units so my partner and I manage them ourselves for this year.   We may pass them onto a property management in 2010.  

Anyway, my phone was ringing off the hook for rental units.   If you are not aware of it with all of the foreclosed properties all of these people are moving back into our rental properties.    What a GREAT time to own rentals.    The rental market will be strong for the next 10 years.    So go and buy yourself a nice income producing property.   You will be glad you did.

My family members all told me to turn off my cell phone.   My father even took a picture of me doing business on the phone!  LOL

This is a wonderful market for owning rentals and I love to hear my phone ring with tenants calling me to inquiry on renting them.  Needless to say, my cell phone stayed on and when I came in from boating then I would return their call immediately or the next morning. 

 As a matter of fact, I even negotiated a HUGE deal during my vacation Up North.    If I was traveling around a city then I would of turned my phone off however this was at a resort with only my family members present.

cashflow Cindy

Real Estate Investing - Awesome Video with Donald Trump and Robert Kiyosaki

http://www.richdad.com/RichDad/trump_kiyosaki3.aspx

Are you struggling in today’s real estate slow down?

I am a big fan of Robert Kiyosaki’s.  As a matter of fact; I started out reading his Rich Dad Series.    To be honest; this is how and why I started to invest in real estate.  My favorite book is Who Took My Money.  I remember walking into the store and seeing this book, Who Took My Money on the bookshelve.

http://www.richdad.com/RichDad/trump_kiyosaki3.aspx

I was wondering Who did take my money? (taxes; I worked for corporate America, this is what I discovered)

I encourage you to listen to this wonderful video tape by Donald Trump and Robert Kiyosaki’s talking about today’s economy.  This is wonderful real estate education for beginning investors and advanced investors.

Adversity is something that stops all of us from beginning or moving forward in our real estate businesses.  As Donald talks about in today’s economy or any economy we need to all be focused on our end goal.   We learn and we move forward.

Donald also mentions the mind aspect.  Our mind is a wonderful machine.  It can either create us a wonderful life or keep us scared of our own shadows.  This is so true in today’s real estate market.

Donald mentions; it happens in our mind before in our life!

Enjoy the video’s; I believe everybody needs to listen to Donald and Robert to find out; they run into adversities everyday.  However, the key is to keep the mind strong and move forward.

The next question people ask; is How do I keep my mind strong in the middle of Job loss, negative news media?   The answer is Listen to tapes on keeping your mind strong, attend seminars. 

Marshal Sylver is offering a special right now:  Sign up for Total Prosperity and receive a FREE ticket to his Turning Point Seminar.   The cost is minimal and the mind control you will learn is phenomenal.  You also receive a packet of CD’s to take home with you.   I listen to his Tape 7 CD 3-4 times a week to keep me coming up with creative solutions for today’s real estate environment.

IT WORKS!

http://www.prosperityalliance.com/cindyconradt

cashflow Cindy

Real Estate Investing - Did you Visit Potential Tenant’s Resident?

The last tenant that I place in my lower unit last year had lied on her application.  She had her friend pre-tend she was her last landlord.  One week later after she moved into my lower unit I discovered she has been evicted on her last apartment unit.

I paid her $200.00 to vacant the premises three months later.  It was under the pretense the unit was cleaned and left rent ready!  If not, she would forgo the $200.00. 

She left the unit is rent ready condition because she wanted the $200.00 CASH that I paid her to move out.

Anyway, my unit sat vacant all winter long……I refuse the allow this situation repeat itself.  As the old saying says, we learn by doing and learn by our mistakes.  I figure this cost me over $6K in loss rent, heating and electric bills.  Basically the 3K was the tax money for 2008 on this property.

I decided the next tenant I place in the property will be long term.  Meaning:  They will stay two years or longer.  I have an extremely interested family who wants to move away from the apartment unit setting.  They have three chrildren and 2 cats.  She is a stay at home mom.

Today, I knocked on her apartment unit door to drop off a piece of paper for her.  This allowed me entrance into her apartment unit to see how the unit was maintained.  They have 2 cats and 1 dog.  All of the animals were well taken care of and the apartment did not smell like animal or cat urine.  The apartment was well taken care of meaning NO destruction of property and the unit was clean.

She is very concerned for the safety of her chrildren and finding a nice place to raise her kids.

John Dessaurer has an excellent Management Program on cd’s.  John is a Millionaire who made his fortune buying large Multi-Units.  He is an excellent teacher who sells his information way below other real estate gurus.  He is selling this program at a ridiculous low price.  I took his Multi-Unit Class and own his programs.  His fee is extremely low compared to the other real estate programs on the market.  Don’t equate his low price with quality.  His programs are Quality at a ridiculous low price.

This program can be purchased for $49.00.  If your interested click on the link below to view:

Find Your Life’s Freedom’s! Take Action Now!!

Real Estate Investing – Its time to remove the word “CAN’T” from your vocabulary!

Or even the thought of the word “Can’t”

http://prosperityalliance.com/cindyconradt

Read this email below somebody sent to me regarding purchasing Real Estate in today’s market below:

 You have to have money to buy and I don’t have money!! And the banks wouldn’t give me any if I tried! We lost so bad on the last house that we not in a good financial situation right now. I still have my job though so that’s a good thing or I might be selling house. Might be doing it anyhow!!!

http://prosperityalliance.com/cindyconradt

How many negative thoughts do you see in this email?  In order to overcome challenges in your life you NEED to start thinking differently!  Ask yourself, the question, How can I get a loan or what other means of acquire money are available to me.

Let’s brainstorm at some of the techniques they did wrong from your own experiences.

·         Paid too much for the property on front end (biggest mistake)

·         Rehabbed the Property themselves (took over 6 months to rehab)

·         Long Holding Cost

·         Spent too Much Money on Rehab (didn’t figure rehab cost on front end)

Ask yourself the Question? 

 Instead of Quiting, ask yourself, What did you learn from this experience?

 Did you ever hear the expression fall forward quickly?  This person has fallen and refuses to get up.  This is the worst thing you can do as a Professional Real Estate Investor.

Learn from your Mistakes:   Get back up and NEVER make the same mistakes twice. (I’ve made many many mistakes and I’ve out buying real estate and I will continue to buy real estate)

Remove ‘Can’t; replace with How Can I?

Listen to Marshal Sylver’s ‘Turning Point Seminar’ for FREE.   Learn to remove ‘Can’t’ and all negative thoughts from you unconscious mind forever!

http://prosperityalliance.com/cindyconradt

Look for FREE e-book on How to Fund your Real Estate Deals within the next week!

 I enjoy the Game of Real Estate!  You should too.

First time home buyer!  Now is the time to get in the market

By JJ Childers

As we all know, over the last 18 months most of the news regarding the real estate market has been all doom and gloom. This news has been especially sour for home sellers and buyers who purchased expensive homes only to watch their equity disappear once the bubble burst. But, if you’ve been on the sidelines since the housing crisis began, now is the perfect time to get into the market, especially if you are a first time homebuyer.

Check out these Cash Flowing Deals:

 http://serene.ewimultiplestreams.com/index.php?base=featured 

There is one group of winners in the current housing market: first-time home buyers. Prior to the housing bubble bursting, many would-be buyers were envious of their friends who could afford to purchase large homes. Today, the tables have turned and these former would-be buyers are now faced with a market that is tailor-made for them.

According to recent statistics from the National Association of Realtors, first-time home buyers made up 41% of all home buyers in 2008. This figure is up from 36% in 2006.

So, why is now a great time for first-time homebuyers? There are three reasons, the first of which is obvious: lower home prices. Since 2006 home prices across the country are down about 25% according to the S&P/Case-Schiller Index. In some markets such as Phoenix, Miami, and especially Las Vegas, prices have dropped as much as 40%.

Secondly, with so many foreclosures and many banks desperately trying to get rid of properties they now own, many lenders have offered lower mortgage rates. This also makes homes more affordable for first-time buyers.

And finally, the tax credit for first-time home buyers as drastically improved in the new year. In 2008, first-time buyers were entitled to a $7,500 tax credit, but there was a catch: The tax credit was really a 15-year-zero-percent loan. Even worse, if the homeowner moved out of the home prior to 15 years the entire tax credit was due to be paid back immediately. In 2009, however, the tax credit has been increased to $8,000, and it no longer has to be paid back. In closing, Brent, I’d listen to your parents and start looking for your first home today!

Real Estate Investing:  I’ve received quite a few emails the last week regarding what kind of advice I would offer a newbie to Real Estate Investing?

                My answer is:  Multiple Exit Strategies

Advice: Multiple Exit Strategies

                Don’t fall in Love with the property, fall in Love with the Deal

Many Real Estate Investors were caught up in the buying frenzy of buy today at Retail Price tomorrow it will be worth $30K more.  This is not real estate investing.  You are speculating.  Let me repeat myself.  You are speculating!

 Buy Cash Flowing Properties    

Stop making excuses and BUY:   http://youcanbuycashflowrealestate.com/wp-admin/post-new.php

What happened to all of those speculators who bought on the premise of buy today Real Estate Prices will go up dramatically tomorrow??

I have never bought as a speculator nor will I ever be a speculator real estate investor.

All I heard when I attended seminars across the county was:  Our properties don’t cash flow!!! 

Folks today you have the opportunity of a life time to buy Real Estate at Deep Discounts and the excuse I hear from Want A Be Investors:  I live in Detroit; it’s the worst market in the country!

I looked at him and told him a Wholesaler is making over Six Figures a year in the Detroit Market and walked away…..

Take a look at these wonderful cash flowing properties:  $39,900 currently rented with 1 year lease in place, $39,900 (all stress is removed; you don’t have to deal with agents to find the deal, No contractor worries about stealing your money or not completing the project however you paid them, No hassles on dealing with vandalism (fully rented for 1 year!!!)

Stop making excuses and BUY:   http://youcanbuycashflowrealestate.com/wp-admin/post-new.php

Real Estate Investing – Section 8 (part 2)

My brother asked me last week how he can get Section 8 families into his units.  The answer is you can contact your local housing authority and submit your name on their list.  Whenever, they have applicants they provide a printed sheet of landlords who do accept housing.  Is this a guarantee you will get a call from a Section 8 family?  The answer is No.  The families choose where they want to live.  Otherwise, the Section 8 families will find you through your signs and advertising.

Tip:   Education is critical to your Real Estate Investing Success!  Join your local Real Estate Investors Group

Housing will not inspect your property unless you have a prospective tenant!  Once the leases are signed and housing agrees the monetary rent amount fits their guidelines.  They will mail you a letter in the mail on an inspection date.  Brown County takes around 4-6 weeks to schedule an appointment.

I had a single family house inspected last Monday and a unit in a side by side duplex inspected yesterday.  I am waiting to receive the paper work on my inspection from last week.  Brown County mails all inspections reports to the landlords.  They will no longer tell us during the inspection if the unit passes or fails.  Brown County is swamped with applicants as Outagamie County.

Remember to order Zig Ziglar’s Goal Setting audio.  Its a small investment for you to learn how to write your GOALS for 2009 on Real Estate Investing.  If you don’t have a path or direction for yourself then you will help someone else achieve their dreams and goals.  If this what you want?  Listen to 3 FREE audio’s

Without clearly defined goals, you simply can’t achieve the success you want! In Goals, world-renowned motivator Zig Ziglar guides you through a clear, beautifully organized ’success trip.’ Along the way, you’ll learn how to recognize and set your goals. You’ll learn techniques for finding extra time you didn’t think you had and for cutting down big goals to easy-to-handle size. Now you can take advantage of this all-important opportunity to write your ‘business plan for life.’

Real Estate Investing:  I am working on getting a Single Family house ready for a Section 8 inspection on January 26, 2009.   Section 8 mailed me a packet with an interior and exterior check list.  I discovered after reading over the check list Section 8 will not pass a unit with a Gas Stove that needs to be lit with a pilot light.  I was not aware of this appliance issue with I rented this Single Family house out to this Single Mom.  I walked around the unit prior to renting the house out to this Section 8 tenant and figured in my cost to make it Section 8 ready.

I spent all day today shopping around for a used standard gas stove.  After making many phone calls I did find one at a somewhat reasonable price of $199.99 including delivery cost.  Section 8 is always interesting in real estate investing.  I am always more than willing to rent to a Section 8 tenant however many landlords will not due to the property condition of their real estate.

Section 8 housing is wonderful in respect to rent checks arriving beginning of each month on time and no follow up phone calls are needed.  I never have to chase down a Section 8 rent check.  However the downfall is Section 8 strict requirements to get the units to pass.  This particular property is in nice shape and I figured a few minor repairs as fixing a double pane broken window, bathroom window needs to open the last owner painted it shut (It will probably be frozen shut with the below zero temperatures we are experiencing in Wisconsin)and making sure all smoke alarms batteries work.  The number 1 reason units fail is due to smoke alarm batteries are dead.

My handyman will receive a $50.00 bonus ONLY if the inspection passes on January 26, 2009.  I am giving him an incentive to inspect the property thoroughly according to Section 8 checklist.

Section 8 tenant rental has pro’s and con’s to real estate investing.  You will have to make the decision on the cost involved to get the unit Section 8 ready.

Click on link to view Cashflowing Real Estate Properties   http://serene.ewimultiplestreams.com/index.php?base=featured

 Remember:  Keys to successful Real Estate Investing is a Successful Management Company be it you or a hired out company.

Real Estate Investing:  Property Management is one of the most important aspects of real estate investing and should it be avoided or handled improperly will become a very costly part of your business.  Property Management should be treated like any other business.  It includes accounting, maintenance, inventory (properties), planning, purchasing, personnel, marketing, finance, customer relations, complaints and legal issues.  If your properties are managed poorly so will your real estate investing be doing poorly.

Click on link to view Cashflowing Real Estate Properties   http://serene.ewimultiplestreams.com/index.php?base=featured

When you have bad property management, you will have bad tenant relationships and high management costs.

You will hear many investors say that doing your own property management is like working a low paid job…when you should be putting more of your time and effort into investing where the money is bigger.  While it is true that a property management company would make good money, it is also true that you will have to pay out good money for these services.  Some of the properties you acquire may not have a large profit spread and you will need to save money for cash flow.  Make sure the numbers work on every property before you hire a property management company.  You may want to consider managing the first few long-term properties you buy in your real estate investing.  Doing so well save you some money and will teach you what you should expect from a property management company.  Real Estate investing is not a get rich quick scheme.  It takes time and effort to become a millionaire!

Click on link to view Cashflowing Real Estate Properties   http://serene.ewimultiplestreams.com/index.php?base=featured

 Remember:  Keys to successful Real Estate Investing is a Successful Management Company be it you or a hired out company.