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Real Estate Investing – Do you feel like someone or something is kicking your butt?

I face many daily challenges in real estate investing as businesses do on a daily basis.  How do you overcome your real estate investing challenges?  This is where we bring out the winners from the losers.  Those who learn how to climb the mountain are the winners and those who fall and lose their drive to get back up again will lose!

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To be honest; I woke up this morning with a little bit of ah, a Monday, and it’s the first of the month.  First of the month; means Rent Collecting (great system in place; however with the turndown of the economy people are either losing or lost their job or loss of hours) this is a challenge in today’s Market.

I have other challenges facing me today as moving a mobile home out of a mobile home park.  Dealing with the owner of the park has been a challenge!  Today, I have to deal with the issue head on!

 Last Night I wrote down all of my challenges that faced me when I woke up Monday Morning. 

Did I sleep good, yes I did.    Why, because I wrote down my challenges the night before and thought to myself.  Get a good night sleep and I will tackle them in the morning.

Another challenge in today’s real estate market is finding loan officers to refinance rehabbed properties. 

This morning lesson with Bob Proctor on sixminutestosuccess he taught

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You don’t quit when You Are Tired, You Quit When The Gorilla Is Tired!!

 (What an inspiration quote!) 

Go rent the movie Rocky, did Rocky quit when he was tired or did he quit when his opponent was tired?

Your assignment for today is to:   Give It Everything You Got!   

But You Have To Keep Going…..

How can You Put More Energy In to What You Are Doing?

Cashflow Cindy

How many offers have you submitted to earn $100K by September 30?  I am submitting over 25 offers in my local market today.  My strategy is to buy the property and find a buyer before I close.  I will have a 45 day closing date from when offer is accepted! 

Did you get this critical step, 45 days from when the offer is accepted NOT written!!!

This allows me enough time to find a buyer for their new home or a rehabber to wholesale the property.   When I go to closing the buyer will fund the deal. 

Real Estate Education is important in your real estate investing business.  There are many ways to educate your self without spending a ton of money. 

I attended my local real estate investment club last night.  They had 4 panel speakers all were local investors.  The real estate group stood up one by one and asked the panel questions on wholesaling properties.  One member of the panel main strategy was buying from sheriff sales.  The other panel speaker was commercial flips.  It was an interesting meeting and great real estate education at an affordable price.

Its great to attend Real Estate boot camps however, I find there is so much information packed into a 3 day event that 80% of it is lost within 4 weeks of returning home.  However, the longer you are a real estate investor the more you learn and when you do attend seminars then you tend to retain more real estate education.

Listen to Bob Proctor’s Think and Grow Rich Video; to inspire and motivate you.

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CashflowCindy

Real Estate Investing - The Power of Section 8 Housing

How would you like to own rental property where all or most of the monthly rent comes to you by check from the government? If that idea appeals to you, welcome to Section 8 housing!

 Section 8 is a program setup by the U.S. Department of Housing and Urban Development (HUD) to provide safe and sanitary housing to low-income individuals or families, the elderly, disabled, or disadvantaged in the private market. By issuing Section 8 housing vouchers, HUD assists tenants by paying the majority of their rent to you (the landlord). In other words, you get a guaranteed check form HUD by the third of each month.

He teaches you the formulas to use when your buying multi-units to keep you out of trouble! $49.00
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 Residential or Commercial

You can take advantage of Section 8 whether you prefer to invest in residential or commercial real estate. In fact, Section 8 housing can be single-family houses, apartments, condominiums, or duplexes. Many property owners elect to become Section 8 landlords because it provides them with dependable cash flow. And the city already has a list of approved tenants, so you don’t even need to advertise your unit(s).

 Better Quality Tenants

Research indicates that Section 8 tenants tend to:

Be better than average

Often remain in their unit(s) for several years, and

Are motivated to pay you their portion of the rent each month.

Sounds unusual, doesn’t it? Why is this?

 Well, in order to receive Section 8 benefits, individuals must undergo an application process through their local Public Housing Authority (PHA) office. There is generally a lengthy waiting process and in some cases it can take up to one year or more to receive Section 8 approval. Once approval is obtained, PHA places applicants on a waiting list–a list of people just waiting for a property like yours! (It’s important to note that you never have to get involved in the process of establishing the eligibility of tenants. This has already been determined before the tenant calls you!)

 Participants in HUD’s Section 8 program must be re-certified each year. And no tenant wants to lose their Section 8 status. This benefits you as the landlord. Not only will you have fewer hassles, but your tenant(s) has a motivation to pay you the rent on time or risk losing his/her eligibility!

Many Types of Neighborhoods

Ill-informed landlords believe that Section 8 property must be located in subsidized housing projects. Although some investors do go this route, this is simply not true. Remember: The program is geared toward low income people, but the participants can choose ANY housing that meets the requirements of the program. So if you own properties in middle-low to low income areas (not war zones!), the Section 8 program just might be your ticket to wealth!

 Section 8 Housing can provide landlords with guaranteed rental income and long-term, quality tenants.

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.  And it can be part of your library for $49.00

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!!

Real Estate Investing – Real Estate Investing involves forming a business entity as an LLC, Partnerships or Corporations.  I am not an attorney so if you are in need of legal advice, go hire an attorney.  The attorney’s fees are worth every penny if you are being sued you want your business protected.

I am amazed to hear from Wanna Be real estate investors who have spend thousands and thousands of dollars on real estate courses and have not bought one piece of real estate.  The issue is they are so wrapped up on starting an entity in Nevada it stops them from buying any real estate. (major roadblock)

My suggestion is to go buy your first piece of real estate or open up an entity in your state of investing.  Once your real estate empire is over one million dollars then go open up your entity in Nevada or talk to your attorney.  Look, attorney’s are expensive however, Let your attorney do there job!  Your attorney’s job is to protect your assets.  Don’t allow Asset Protection courses stop you from buying real estate! (people get overwhelmed and confused) 

Real Estate Investing is overwhelming at first; however if you take action on what you are learning along the way…its then becomes experience and knowledge. 

My first LLC I went to my attorney and had him draw up the LLC.  It cost me roughly around $500.00.  This was over three years ago.  Since then I have opened up four LLC all online.  It will cost you around $130.00 for the Articles of Organization. 

You can have your entity up and running within a couple of hours if you do it all on-line.

Real Estate Investing:  Education is crucial to become a successful Real Estate Investor.  However, the other piece to your success is deciding What Do You Really Want Out Of Life?

Everything begins in Thought! 

Marshal Sylver teacher you How to Drive your Own Life vs. having somebody else in the driver’s seat!  Join now to change your life as it changed mine.

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Most people have NO idea!  Do you truly know what you want as a successful real estate investor?

If you read my blog daily; you can see how I recommend other products as Bob Proctor’s Six Minutes to Success, and Marshal Sylver’s Total Prosperity Seminar.  A new one I am recommending is Dolf Deroos, ‘Money Magnet’ Audio’s.

In my earlier days of Real Estate investing; Dolf de Roos Money Magnet was part of my beginner Real Estate Investing Collection.  Dolf De Roos is a highly successful real estate investor.  In fact, he only buys commercial property today.  

We were always taught as children growing up Money is Evil, Money is the root of all evil. 

Do any of these phrases sound familiar to you?  ( post your phrases you have ingrained into your mind to share with the group!) 

Go ahead and listen to a FREE sample of Dolf de Roos audio and you will understand where you are sabotaging your success.

Reality is You are Sabotaging Your Own Success!  You need to remove those old beliefs and replace with TRUE beliefs.

Ask yourself this Question:  How many people can I help out with my current income?  Will I be able to retire comfortable without social security?

Do you know most people retire FLAT BROKE?  Do you want be part of the statistics?

Its time to attend Marshal Sylver’s Total Prosperity Seminar so you can live the life you always dreamed of when you were a child.

The best part about Marshal Sylver is he always overdelivers.  Signing up for Total Prosperity give you a ticket to the ‘Turning Point’ Seminar.  This is an awesome Seminar.  Marshal teaches self-confidence!

Yes, you get to attend not 1 seminar but 2!!  You also are getting FREE audio’s to listen to while your driving down the freeway.  Marshal will remove all your negative thoughts and replace them with positive thoughts so you can GET WHAT YOU WANT OUT OF LIFE!!  Its your choice, go ahead click on the link below and sign up now!

 http://prosperityalliance.com/cindyconradt

 If Total Prosperity is out of your budget then I suggest you start by listening to Bob Proctor’s
Sixmintuesto Success videos Or Dolf Deroos ‘ Money Magnet’ to get your mindset where it needs to be.  You have to start putting out into the Universe what you want out of life. 

 GET RID OF THOSE NEGATIVE THOUGHTS!!

Real Estate Investing:Are you looking to broaden your rental market horizons? The real estate market is currently prime for investors to purchase income generating properties. With the falling real estate prices and increasing foreclosure rates, real estate investors are not only considering building their property portfolio, but they are also looking specifically toward rental real estate opportunities.

Visit us for excellent cash flow Properties:

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Many individuals are unable to purchase their own homes at the moment or are being forced to move out of their current properties and into smaller, less expensive properties. As a rental property owner, learning how to capture the individuals within the marketplace will enable you to capitalize on the current market conditions. One important program to become aware of that will help you in your rental income goal is that of Section 8.

What is the Section 9 Rental Voucher Program?

This program enables individuals of low income households to find more affordable rental housing options. The program will often pay the landlord of the rental property a differential between the family’s household income and the fair market rent for the property. The program not only allows more families to find affordable housing options, but increases the openness of many landlords to rent their units to these individuals or families.

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Real Estate Investing; Will You Accept Section 8 Tenants?

Remember:  Section 8 has certain guidelines these families need to meet however it’s your responsibility to do background checks on these tenants!  Screen, Screen and Screen (did I make I point to you?)  I am telling you this through my own experience. 

I will share a story with you listed below:

Last summer I had a Section 8 tenant who moved into my property.  The couple was separated.  The husband’s share of the rent was $175.00.  Section 8 paid the balance of $175.00.  The gas company called me up and started asking me questions about my tenant who lived at this property.  The name was an individual who did not reside in this unit or any of my units.  The tenant was attempting to put it under his brother-in-laws name!  The gas company would not put the gas or electric in my tenant’s name due to this tenant owing money.

Things went from bad to worse in this situation.

A couple of months later, his wife decided to move into the property with him.   Once his wife moved in he stopped paying his share of the rent.  I contacted Housing authority and explained the situation to them.  I had to put everything in writing.  The wife was breaking Section 8 guidelines since she had a place of her own they were paying on.  The husband broke section 8 rules since he was being evicted by not paying his share of the rent.

To make a long story short:  The tenant was evicted and both of them lost their housing assistance (remember Section 8 tenants have alot to lose!!!)  Make them follow the rules.

No wonder they had a heating bill out of control since they had the heat up to 80 degrees in the unit!

Do background checks on all of your tenants!  Screen, Screen, Screen!

Would you hand somebody you don’t know the keys to your $45,000 truck???

Section 8 confirms no illegal drug activity, no sex offenders.  They don’t screen the tenants.

Your concern is Will this family maintain and respect my real estate investment?  This is a concern of all landlords and you better make it a top priority concern of yours to protect your real estate investment.

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:  Real Estate investing is fun and enjoyable to me.  However, tenants are always interesting.  The last tenants who gave their 30 day noticed had a dog and a cat.  They paid an extra $50.00 each month for their animals.  I always get $25.00 per animal.  Animals cause damage and you need to cover your cost.  Don’t feel bad about charging $25.00 or more per month for animals.  This is a business and the upkeep on the property has to come out of the income.  If you don’t charge for the animals you will once a tenant’s animals do damage to your property. 

I don’t want to deter anybody from Real Estate Investing because I love this business and intend to buy more properties in 2009.  However, we need to share stories with each other to learn what not to do so we can put more money into our pockets.

These 2 girls gave their 30 day noticed and assured me it would be available to show at 4:00pm.  I had a gut instinct so I ran over to look at the apartment prior to my showing.  I was flabbergasted when I walked into the unit.  The unit was in complete disarray!  With a note on the kitchen cupboard stating “The CARPET IS RUINED and needs to be replaced.”

More on Tomorrow’s blog on Real Estate Investing - Tenants:  Please write in your comments.  I would love to hear your thoughts on this situation.

1.  Recessions can’t be avoided forever.  As 2007 was coming to a close, Buffett told our Becky Quick that if unemployment picks up significantly, the “dominoes” will fall and the U.S. economy will fall into recession in 2008.   He was right, but not alarmed.  “It is the nature of capitalism to periodically have recessions. People overshoot.”

2. We’ll survive current and future recessions just as we’ve survived past problems.   As Buffett told us in August, 2007, (and repeated throughout 2008):  “We’ve got a wonderful economy… There’s never been anything like that in the history of the world.  We live seven times better than the people did a century ago on average… We’ve had problems all along. If you look at the last century, we had that Great Depression and World War Two, we had the Cold War, we had the atomic bomb, but the country does well.

3.  Recessions will create opportunities.   “I made by far the best buys I’ve ever made in my lifetime in 1974. And that was a time of great pessimism and the oil shock and stagflation and all those sort of things. But stocks were cheap.”  Fast-forward to October, 2008, and Buffett’s Why I’m Buying U.S. Stocks Now.

 4.  All stocks won’t be cheap.  Like Ted Williams waiting for the right pitch,a successful investor waits for the right stock at the right price, and it doesn’t happen every day. “What’s nice about investing is you don’t have to swing at pitches. You can watch pitches come in one inch above or one inch below your navel, and you don’t have to swing. No umpire is going to call you out.”  You get in trouble, Buffett says, when you listen to the crowd chanting “Swing, batter, swing!”

5.  The crowd will make mistakes.  Buffett cites this piece of advice from his mentor Benjamin Graham: “You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right-and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.

6.  Investors will mistakenly think falling stock prices are bad.  “If they reduce the price of hamburgers at McDonald’s today I feel terrific. Now I don’t go back and think, gee, I paid a little more yesterday. I think I’m going to be buying them cheaper today. Anything you’re going to be buying in the future, you want to have get cheaper.

7.  Good times will prompt bad decisions.   In his 2000 Letter to Berkshire shareholders, Buffett compared the crowd that buys big when prices are high to Cinderella at the ball.  “They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one hell of a party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

8.  There will be more dancing at another wild party followed by another painful hangover.  Looking back at the Internet bubble, Buffett is quoted as saying, “The world went mad. What we learn from history is that people don’t learn from history.”

This is the best time to buy Cash Flowing Real Estate!  http://serene.ewimultiplestreams.com/index.php?base=featured

 I wish all of you to add to your New Year’s Resolution to buy a piece of Cash Flowing Real Estate in 2009!

Happy New Year