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 - Are you Earning $100k with me by September 30, 2009?

For those of you who are following along, this is the 3rd assignment for you to follow.  Yes, there is quit a bit of information packed into this one.  However, its critical to know your market of real estate investing.  This is FREE Real Estate Education for you that I paid dearly for and many other students have too.  Many people email me and ask me How does Real Estate Investing Work?

The answer is follow along and you will earn $100K and learn how real estate investing works along the way.  I call it, Earn While You Learn!!

Books to Read for you education on Investing in Real Estate::
Continue to Read Road to Wealth Book (Robert G. Allen)
Nothing Down For Women (Karen Nelsen Bell)
Nothing Dow for 2000 (Robert G. Allen)

Download my FREE e-book on funding your deals. 
(these are the same strategies millionaires use, if they use them you should too)

Get first quarter statistics your area on real estate!  And compare with statistics for 2008

Reading these statistics will teach you investing in real estate + what to look for in investing in real estate.

 Research Individual Real Estate Investing Area:

·         Chamber of Commerce: Promote this area they focus on New Business and Growth (positive or negative growth rate)

·         http://www.epodunk.com

·         Learn where New path of growth is, how many people are coming in, new business coming in,

·         Orlando Statistical Metropolitan Area (find out what it is called in your area as MLS )

Planning and Zoning Departments:  Some Cities have wonderful sites that show positive or negatives growths and where

·         Who’s Building?

·         How Many Permits?

·         Compare from this year to last year?

·         Look for trends

·         www.Nahb.org   National Association of Builders.org

·         City & County Web Sites:  I must find the county assessors web site! (Key)

·         This is the department that charges and collects Real Estate Income Taxes.

·         www.searchsystems.net

·         www.trulia.com

·         Is this a safe neighborhood or a crime neighborhood?  Do we want to invest in this neighborhood if high crime.

·         www.crimereport.com

·         Google Earth, Maps:  See neighborhood Street, or front of yard, drive down the street

·         Brand new City park, Brand New School, Brand New Highway (yes)

·         Railroads running in Backyard (no)

·         Local Investor Clubs

MLS – Search and find their quarter statistics (source is the board or association of realtors)

www.Realtor.com and www.Realtor.org (post quarterly statistics on their blog for FREE)

Keep track of these weekly, monthly and annual (all graphed out)

www.zillow.com

www.trulia.com

How many homes are for sale?

Sort price ranges and zip codes?

Current Inventories?  (most markets have a 9 month or one year supply) (if under 3 month we are in a booming market!)

Sold price as % of list price.  (does not show the beginning asking price, only shows when it was priced right!)  When price is correct then they sell for 90% of asking price. 

I will find majority of properties are overpriced on market today.

What is the median price in your area? (I need to be slightly above or slightly below median range!

What type of property is in short supply?  This is a Money Maker, be in High Demand

We DONOT buy property per the tax assessment.

Properties that seem to be always in Demand:

1.       Single Family homes or 2-4 apartment units!
Everyone needs a place to live!

2.       Properties under the Median Price Range
(Appeal to vast majority that can afford them)

3.       Properties near employment or near good transportation, schools, & shopping.

4.       Properties in Better Areas
(clean or in path of growth, solid anchor neighborhoods)

5.       Properties In Good Condition
(fixed up or Fixable-we like properties that we can fix)

Market Place Tools

Local Newspaper

Internet

www.Craigslist.com

www.kijiji.com

Happy Investing,

P.S.   If you in need of courage listen to Marshal Sylver’s Prosperity Alliance Video.  It is awesome, the materials and tapes that come along with it are outstanding.  I listen to tape six 4-5 times a week to keep my mind clear of negative thoughts and keep my eye on my goal to earn $100K!

 http://prosperityalliance.com/cindyconradt

Everybody who attends eats Fire, it was a remarkable experience!
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!!

Master Mind Group - Turning the Economy Around

It’s time we the people all band together and start using our Brains on how we can turn this economy around?  With all of our education and skills we have in America its time we stand up and do something!  Waiting and waiting for our president to so something is being passive.  We as real estate investors are active investors and creative thinkers. 

Let’s utilize our skills and education to come up with a real solution.  With so many diverse backgrounds and ethnic groups we can all share ideas and solve this challenge we are facing as a Global Society.

Post your ideas and thoughts.  I am looking at getting a webinar together for those of interest.

I look forward to your ideas and solutions.

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 – The gross monthly income of a property must be equal to at lease of 1% of the purchase price for the property to retain positive cash flow!

3 Bedrooms, 1 Bath Single Family House

2 Car Garage

$500.00 Monthly Rent

Selling Price is $35,900

According to the 1% rule listed above.  This house would cash flow at the purchase price of $50K.  

However, the asking price is $35,900 – so it’s higher than the 1% rule putting more money into your pocket.  This is an example of a cash flowing piece of rental real estate in the Indianapolis area.  Indianapolis is a great place to buy bread and butter properties to hold for the long term.

This particulars property has an ARV (after repair value of $54,136 (today’s market), when prices go back up again the ARV will be $78K. 

Is this a Deal?  Certainly it’s a deal!

This house cash flows and is sitting with $20K worth of equity on the low side.  Hold onto this property for 2-3 years and its value will be at $78K.

If the property does not go up in value, it doesn’t matter since this property is cash flowing.  This property is taken care of itself.  Buy this property and go buy 10 more.  You will be set for retirement!

If interested in viewing pictures of this property email me at ebay100chase@gmail.com

Otherwise, click on the link to view cash flowing real estate http://serene.ewimultiplestreams.com/index.php?base=featured

Please post your suggestions on topics you would like me to discuss or provide information on to assist you with your real estate investing.

Happy Investing

Cindy Conradt

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 3)

Real Estate Investing:  I get calls from Section 8 families asking me I rent to Section 8 tenants.  My answer is, “Yes I do!”  Many landlords will not rent to Section 8 tenants.  You are asking yourself, WHY.  Their can be many different reasons why they will not rent to a Section 8 family.  The main one is High Cost to make the unit Section 8 ready.  Some landlords have left their units or buildings run down.  If they want to rent to a Section 8 tenant they would endure high rehab cost on their real estate.

Some of the inspections are pretty petty in my eyes as to items they listed that needed repair.   On my inspection yesterday, the inspector noted the sharp handles on the window handles.  These all ALL new windows and am concerned on how we can remedy this situation without replacing the already new windows.

Tip:  Education is critical to your Real Estate Investing Success!

There are Pro’s and Con’s to renting to Section 8 tenants.  I’ve listed a few below:  If you have any comments to add please post a comment so we can all learn from each others Real Estate Investing Experiences.

Pro’s
No Rent Collecting, Rent check is received by the 5^th of each month!
Rent paid each month by Housing

Cons
Housing Families have to pay for rent until unit passes the inspection.
Long Process:  Can be a 2-3 month process before housing pays the rent.
Cost Money to bring unit up to Section 8 Standards
Families need to figure out a way to pay security deposit and rent until housing starts to pay. (Some families have no income so this situation is tough)

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?  FREE 3 audio’s listen!

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.’