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Real Estate Investing - The bill is called H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act

Are you familiar with the bill H.R. 1728?  I encourage all of you to click on the link below and read the bill regarding owner financing.   If this bill passes, real estate investing will change as we all are familiar with it.  Legislation wants to bring significant impact on our investing practices should this bill pass.

http://www.house.gov/apps/list/press/financialsvcs_dem/1728.pdf

Take the time to read this bill and write to your Senator.    Click on the link below to find your senator in your area and Vote NO.

If this bill passes; we will all have a difficult time with funding our deals.   This bill is taking away our rights as homeowners to owner finance our properties or will take away many people’s chances of ever owning an own. 

Rent to Owns would have a significant impact and would eventually go away due to the H.R. 1728 Bill limited the total amount of real estate home owners would be able to sell per year.

This is a serious bill and we all need to read it and understand it.  Click on the link now to read it and address your concerns to your Senator regarding the Owner Financing section.  

http://www.house.gov/apps/list/press/financialsvcs_dem/1728.pdf

If real estate investors leave the real estate market; housing prices will decline.   Who will buy up all of these foreclosed properties?   Who will rehab these properties after the home owners or tenants have destroyed them?

Click on the link below for a list of Senators:  I urge you to take action today!  If this bill passes we are all in for some drastic changes on real estate investing as we all know it.  You can either email or write to your Senator and vote NO on the H.R. 1728 Bill!

http://senate.gov/general/contact_information/senators_cfm.cfm

cashfow Cindy

P.S.  Attend Total Prosperity and receive a ticket to The Turning Point  for FREE!  (you will learn to take control and get up on stage and eat FIRE!) 

http://prosperityalliance.com/cindyconradt

Marshal Sylver taught me how to use my strength from within myself and demand the life I’ve always wanted to live.   You need to take control of your life Now!   Otherwise, your boss, parents, spouse or friends will!  Michael Jackson died at a young age of 50; live your life now before its too late!

http://prosperityalliance.com/cindyconradt

Real Estate Investing – Valuation on Multi-Units

 We are going to learn about how to determine whether an apartment building that a real estate broker is listing at $800,000 is really worth the asking price.  Commercial real estate investing is simple however in order to be successful you need to learn to think for yourself.  Get educated with Dessauer’s Making Millions in Multi-Units.  A small investment of $49.00 will save you thousands of dollars and heartache.  I know because I purchased my first duplex wrong and you guessed it.  I still have it.  Everyday its a learning experience for me to get education in real estate investing.

Making Millions in Multi Units
Find Your Life’s Freedom’s! Take Action Now!!

How do we know, it may only be worth $600,000.  Or it could actually be under priced and worth $1,000,000.  The bottom line is you need to know and understand the difference yourself and not solely relying on what the broker and seller are telling you.  You need to identify that information for yourself through the numbers on the property.  I’ve seen a lot of Brokers who believe that their client’s property is worth than it really is and I’ve also seen some inexperienced investors, over and over again attempt to justify the value that the broker is asking. 

The truth is you will over pay for that property if you do not know how to establish value and how that property performed in the past.

Proper valuation is the basis for all investment decisions in the apartment real estate investing world.

There are 3 traditional approaches used when appraising and valuing property.

1                     The Sales Comparison Approach

2                     The Replacement Cost Approach

3                     The Income Capitalization Approach

John Dessauer has made millions investing in multi-units.  John has tons of commercial real estate investor success stories to share.  His Making Millions in Multi-Units comes with 6 cd’s and a workbook plus MIT forms.  This program is a minimal investment of $49.00 for your education in real estate investing.

Making Millions in Multi Units
Find Your Life’s Freedom’s! Take Action Now!!

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 – Rental Increases

I had lunch with my friend today who is having difficulties with her marriage.  She is looking into renting out a two bedroom townhouse.  She was amazed at the high cost of renting.  This townhouse rents out for $700.00 a month with an attached garage.  NO utilities included.

She figures it will cost her $1,000 a month to rent out this townhouse.  She purchased her house over 20 years ago at a mortgage of $700.00 a month.  Today, she will pay $700.00 a month for rent without putting any money toward ownership of the property.

This is the magic power of real estate investing.  As the saying goes, He who owns the land is KING!

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

Today is the best time to purchase real estate due to so many properties cash flowing as compared to two years ago.  I remember shopping here in Wisconsin for duplexes and the realtors instructed me NO duplexes she has seen or bought herself cash flow.  She always figured how much money she was willing to put into the properties each month when she purchased or sold to other investors.

I looked at her and walked away because I just purchased a cash flowing duplexes a couple of weeks earlier. 

We make our money in real estate when we BUY!  It’s critical to know the numbers before you sign your name at closing.  John Dessauer has an awesome Multi-Unit CD Program to teach you the proper way to buy Multi-Units.  John is a multi millionaire and made his fortune off of residential commercial real estate.  His program sells way below other real estate guru programs and is an excellent program.  It is part of my library.

He teaches you the formulas to use when your buying multi-units to keep you out of trouble!
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 – 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 – List Your Wholesale Deals for FREE!

 Are you looking for a source to buy and sell Wholesale Deals?

We have an opportunity for you on Wholesale Real Estate Deals.

We have a line of investors across the country looking to buy wholesale deals.  They buy in different areas of the country.  They buy wholesale deals and cash flowing real estate properties with tenants already in place with strong cash flow.

Our issue is WE NEED DEALS!!!

If you have deals and are interested in selling them, you can email us at ebay100chase@gmail.com

Since we receive hundreads of email daily, 

Subject line needs to read:
City, State, insert dollar amount your selling property for, WholeSale Deal

You are asking yourself, what will this cost me to promote my Wholesale Deals on your site.

FREE, FREE, FREE, FREE 

That is correct; No charge for us to list the property.  However, the terms are it must be a DEAL!  There has to be equity in the property or the real estate property has to Cash Flow.   Otherwise, it is not a  deal and we will not promote it on our Web Site.

No more than 5 pictures

Once we bring you the buyer then we get paid.  If interested in advertising your Wholesale Deals with us then email your wholesale real estate deals to us.  Once your wholesale deal is approved, we will email you our Finders Fee.

Remember:  Its totally FREE to list with us.

Email us your Wholesale Deals at  ebay100chase@gmail.com

Any question, please leave comments and I will reply within a 24 hour period.

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.’

Real Estate Investing:  I recently read an article from Enlightened Wealth Institute protégé newsletter.  I found the newsletter to be quit interesting since the topic was on New Year Resolutions.  Fascinating to me since I’ve been blogging the last several weeks on how New Year Resolutions tend to be forgotten after the champagne settles.

To reiterate without you having to read the article:  Forty to forty-five percent of American adults make one or more resolutions each year.

Can you guess what the top 3 resolutions are?  Here you go:  Weight Loss, exercise and quit smoking.  We are all too familiar with all of these 3 on the list.  The other popular resolution is better money management/debt reduction.

 In order to achieve better money management skills and debt reduction you need to invest in yourself.  Invest in yourself by reading books, listening to audio tapes or reading my blog to find the gold nugget you needed to get out of debt or start to invest in real estate.  All of the authors of these books become your mentor to teach and guide you on your topic of education.  I have read many books on real estate investing and plan to keep reading many more.

If you are saying to yourself, I want to learn Real Estate Investing.  YOU CAN!!  Decide today and write it down on your Goal Sheet at the top of the list.  Real Estate Investing!

Zig Ziglar will assist you in finding your true passion and purpose out of life.  He changed my life and millions of others.

 His voice radiates with enthusiasm when he speaks. I believe you will enjoy his Goal Setting audio’s as much as I do. He will help you achieve your dreams even if they are buried underneath the stress of your daily lives. Zig Ziglar will teach you how to bring your dreams back to life again. He did for me.

You need to invest in yourself for 2009 to get what you want out of your life in 2009. I listen to audio’s 4-5 times a week to learn new ideas or be inspired. Click on picture below to listen to 3 free audio’s samples. Enjoy! 

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.