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Real Estate Investing - Moving a Mobile Home

Mobile homes are expensive to move.   You need to plan around $3,000 - $4,000 depending upon where you are moving the home.   There is added cost upon distance on moving the home.

Mobile Homes investing is a total new area of real estate investing for me.   As you well see, I have items to learn.   However, my blog is about my daily real estate experiences.   Not all of my experiences are good but I learn to celebrate the success and overcome the challenges on a daily basis.

When your real estate empire grows to over 10 units; you will endure daily challenges.   The key is to have a positive outlook and ask yourself, what is the solution to this issue and fix it.

When this buyer contacted me about the mobile home I enforced the $3,000 moving cost to her on the phone.   I instructed her multiple of times, it would cost around $3,000 to move this mobile home.  The buyer insisted to me she had the money to pay the moving cost of the home.

She worked out a deal with the mover to have her family assist with the labor of preparing to move the home.   As it turned out, all of her help never showed up this morning!!!

Needless to say, this is the last time I allow this situation to occur.   Luckily the moving company was willing to barter with her on keeping the shed and front deck for partial payment of their services.  They negotiated a payment plan between the two of them.

This situation is going to work out because of my business relationships with the company.   However, this was a learning experience on my end and will never occur again with the buyer indicating they will provide their own people to assist with the prep work.

Everyday is a learning experience in the real estate investing world.   Somedays are more stressful than others however at the end of the day its all about building wealth.

Bob Proctor has an excellent program on The Science of Getting Rich

http://www.thesgrprogram.com/products/special/for-friends/dollar-trial?m=49f85564b2e21

cashflow Cindy

Real Estate Investing Secrets - This Offer Is Contingent…

Contingency Clauses Make for Risk-Free Real Estate Investing

Real Estate Investing – Recession

Whenever my husband or my kids turn on the T.V. all we hear is doom and gloom.  I even ended up getting caught up in this recession.  However, I talked to one of my real estate investing course coach and as she mentioned, she does not do recessions.

Neither do I!  I am no longer in the doom and gloom mentality but back in the prosperous mentality.

Real Estate Investing is wonderful and it’s the best way to become wealthy.  I am an information junky on real estate procedures.   However its Good information that I look for in books that I read, real estate seminars that I attend.  If you read Napoleon Hills Book, Think and Grow Rich, as he writes, 90% of the Millionaires/Billionaires made their fortunes in Real Estate.

Well, folks back to the lowest prices in Real Estate since the Great Depression.  Don’t miss this opportunity to buy real estate at bargain prices in today’s market.   Through attending many real estate seminars within the last several years; I’ve obtained a networking of people. 

I find the same common characteristics with these individuals; they all want to buy Real Estate however many of them have excuse after excuse.  Until these people realize these are all excuses and overcome their all fears, they will sit back and whine about whey they are unable to buy real estate. 

However, in 2 years when the Real Estate market starts to appreciate these individuals will be complaining how they could of bought this piece of property at a bargain price however did not and list their reasons and explain to the masses.

Don’t be the person sitting on the fence and watch others become millionaires investing in Real Estate.

Marshal Sylver teaches confidence in his students through his  Mind Power Seminar.  He also has everyone of his students go up on stage and eat fire.  Why Fire?  Confidence building, even if you don’t want to become a real estate investor.  Its all about what is happening in your mind.  

He is offering a 2 for 1 special.  Plus this link allows you to watch his 2 hours seminar for FREE:  Go grab your coffee, sit back and Learn!

http://prosperityalliance.com/cindyconradt

Meaning, you get to attend two seminars for the price of one.  He is giving you a FREE ticket to the Turning Point Seminar.  My sister and I attended his Turning Point seminar last January and it was worth the $1,995.00 price.  However, with this price we only received the Turning Point Seminar.  You get to attend the Prosperity Alliance Seminar too.

 Once you sign up; they mail you a product pack full of CD’s and DVD’s.

http://prosperityalliance.com/cindyconradt

 Real Estate Investing - Science of Getting Rich (Written by Wallace D. Wattles)

Go to your local library and check out a copy of the book “The Science of Getting Rich”. Only 3% of people own a library card if you are one of these people.  All you need to do is walk into a library and request an application to fill out to obtain a library card.  It’s FREE

http://store.sixminutestosuccess.com/?aid=588984

 Today’s lesson with Bob Proctor on sixminutestosuccess was on Chapter 7 in the book, “The Science of Getting Rich”.  This chapter is on Gratitude.  I want you to take six minutes and think about everything you are grateful for in your life.

 Real Estate Investing requires the skill of Gratitude.  We all need to Thank God for our wonderful wealth we have obtained or are about to obtain through real estate investing.

 Now, call up three of your friends or family and tell them You are Grateful for their friendships.  Tell them three of them today!  This is an excellent habit to do each and everyday. 

http://store.sixminutestosuccess.com/?aid=588984

 It is critical that you observe the Law of Gratitude if you are to obtain the result you seek in your real estate investing.

The program will apply to loans made on or before Jan. 1, 2009, and modifications will be allowed only once. Mortgages with a first loan of more than $729,750 do not qualify.

The plan runs through 2012 and starts immediately.

“It is imperative that we continue to move with speed to help make housing more affordable and help arrest the damaging spiral in our housing markets, just as we work to stabilize our financial system, create jobs and help businesses thrive,” Treasury Secretary Tim Geithner said.

Sinking home prices and mounting foreclosures are dragging down the economy. By the end of last year, at least one in five U.S. homeowners with mortgages, or about 8.3 million people, owed more than their homes were worth, according to data released by First American CoreLogic.

“Today’s announcement means you should call your lender to find out if you qualify,” says Lawrence Yun, chief economist at the National Association of Realtors. “This should get the ball rolling.”

Details:

•Loan refinancing. Up to 5 million homeowners with a solid payment history on mortgages held or owned by Freddie Mac and Fannie Mae will be eligible to refinance into more affordable terms.

People will be able to refinance even if they have less than 20% equity in their homes, and an appraisal may not be necessary.

•Loan modifications. Lenders and other servicers can immediately begin making modifications that could help up to 4 million at-risk homeowners stay in their properties.

To be eligible, homeowners with a first loan can have an unpaid principal balance up to $729,750. (Higher limits will be allowed for owner-occupied properties with two to four units.)

Incentives also are provided to get lenders to modify mortgages if a borrower isn’t late on payments but is at risk of default.

“I like the plan because it addresses (homeowners) who are not behind on payments,” says Yun. “It addresses people who could default. It’s proactive.”

•Lenders and other servicers. Servicers also must follow an established process to reduce the monthly payment to no more than 31% of the borrowers’ gross monthly income.

Servicers will get financial incentives, such as an upfront fee of $1,000 per modification, to encourage participation.

We are looking for your feedback regarding this article.  Please leave your comments.

Real Estate Investing: 

Where Do You Find Foreclosure Properties?
Before Your Competition Does!
By Jarad Severe

There are a plethora of places to look when you want to find foreclosure properties. The key is finding them before someone else does. You can find foreclosure properties on the web, newspapers, lis pendens lists, seminars, direct mail, word of mouth, friends, real estate agents, real estate offices, and lending institutions just to name a few.

Check out these deals:

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The Internet is a good place to search for foreclosure properties for real estate investors.   Several foreclosure listing companies actually search out notifications of default and sell a subscription to those who are willing to pay for this information. Just remember, this is the easiest way to find properties, so beware of competition. Also beware that some of these subscriptions are just a way to make money and provide little or outdated information on these foreclosure properties. If you decide to test one out, make sure they give you a free trial period so you can see how current the listings are.

Newspapers are another great way to find foreclosure properties for real estate investing.   All states are required by law to post a public notice of auction in a newspaper for all foreclosure properties. You can look up these notices and send a letter to them, call them or stop by. Another option, you have as a creative investor, might be to place an ad in the newspaper yourself to attract those who are in foreclosure. Believe me, if you have a good ad, your phone will begin ringing off the hook. You see, sooner or later the homeowner finally realizes they cannot save their home. Then when time runs out, they have no choice but to call, and during this time they are very motivated.

Check out these deals:

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Direct Mail is one of the best ways to find the “GOOD” foreclosure properties for real estate investors.  This is because you can talk to a person who is still in the pre-foreclosure stage and negotiate a nice discount on the property. There will be fewer investors that even know about the property, however, there is more work involved these kind of foreclosure properties.

Real Estate Agents are a good way to find foreclosure properties. Normally, banks that end up with foreclosure properties will hire an agent to represent them. Banks are not in the foreclosure business, they are in the lending business, so they too are very motivated to sell. Agents have connections and can get a list of some “bank-owned” properties.

Word of mouth is a technique that all the good investors use. Let it be known to everyone you come in contact with that you are a real estate investor who specializes in foreclosure properties. You should make some business cards as well that say “I specialize in foreclosure properties” and hand them out to everyone you know. You will be amazed what this will do for you. You may get a call from your friend’s, friend’s, sister’s, friend who needs help avoiding the public auction.

There are so many excellent ways to find foreclosure properties. In fact there are many more than what are listed here. The idea is that it’s a numbers game. You’ve always got to be working to find more deals. Find out which methods of finding works for you and go with it.

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 A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. As an investor, instead of buying from a seller, you are purchasing the property directly from the lender for a discount.For example: A homeowner who is facing foreclosure, has an existing first mortgage of $300,000. You write an offer to the lender for $220,000, which is accepted as full payment for the loan. This is a short sale.

Real Estate Investing – Section 8

I am currently working with Section 8 on two units in Wisconsin to move tenants into units.

One property is located in Brown County and the other one is located in Winnebago County.  Winnebago County is not as busy as Brown County is on their inspections.

The tenant I placed in Winnebago County went smoothly.  We had an inspection date within 2 days of Section 8 contacting me per the telephone.  I had an appointment set-up on Tuesday.  The inspector called me Tuesday afternoon and went over the list of items that needed repair over the phone.  After our conversation the report was faxed to me.

I contacted my handyman and he repaired all of the items on the list.  The inspector went back to the property on Friday (same week!!!) and re-inspected the unit.  We had the unit inspected, repaired and re-inspected all within 4 days!  To be honest:  This is the quickest turnaround time I have had in all of my years of Real Estate Investing.  Section 8 is paying February’s rent.  However, it will be 10 business days prior to them issuing the check to us since the paper work needs to go through there system.  March payment will be received by the first.

Brown County Inspection failed last week and we have a re-inspection date of February 26.  It takes 30 days to set-up an inspection date.  Needless to say, this unit failed the first inspection.  The tenant is responsible for February’s rent.  This particular tenant just called me and is mailing me February’s rent check. 

The tenant called me today and she is mailing me out a money order for February’s rent.  Section 8 is wonderful due to no more collecting rent checks.  However, you need to be upfront with your tenants and instruct them it is there responsibility to pay for the rent until Section 8 pays.  When you are talking with them ask them how they plan on paying the rent until the unit passes?  It’s a question you both need to discuss prior to filling out the Section 8 papers.   Otherwise, you will be giving away 2-3 months rent for FREE (How do I know??)   I don’t believe this is something you would enjoy.  My accountant reprimanded me on this big mistake.   Don’t let it happen to you!

Be upfront with the tenants.  The majority of Section 8 tenants that I have worked with are new on the program so it’s a learning experience for them.  Section 8 informs the families they are responsible for the rent and utilities prior to unit passing and funds are dispersed! 

Most important:  Honesty is the best policy.   A good line of communication is needed so both parties win.

Remember:  You need to invest in yourself by ordering Zig Ziglar’s GOALS setting audios.  It’s a small investment to make into your future.  Click on picture below to listen to 3 FREE audios.  Enjoy and Happy Real Estate Investing.

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.’

Why is Today the Best Time to Buy Real Estate?

Are you leveraging the real estate pricing drop for your own financial advantage? The current recession coupled with the rapidly rising quantity of foreclosures has presented real estate investors with a real financial opportunity. For those investors who capitalize on reduced pricing by building a real estate portfolio, financial gains are available to generate. However, real estate investing is not for everyone.

Before you take the plunge into the real estate market, it is essential to understand both the risks and the opportunity. Increases in home foreclosures have also increased the requirements for real estate buyers who are seeking financing options. Take time to assess your present financial situation to determine how much capital you have available for down payments, closing costs, repairs and to cover mortgage payments in the event that you must hold onto the property before it sells or rents to a tenant.

Great cash flow deals at  http://serene.ewimultiplestreams.com/index.php?base=featured

What is the Upside to Real Estate Investing Today?

The upside of real estate investing today has never been higher. Everything is on sale! And as we all understand, when things are on sale, you are buying much more for your money. If your end goal is to sell a property for a profit, your potential profit margin increases substantially when you locate a property at a discount.   Great cash flow deals located at http://serene.ewimultiplestreams.com/index.php?base=featured

Real Estate Investing is a Wealth Building Tool.  Did you know?  Millionaires have a library in their house!  Ask yourself the question, WHY?  Millionaires believe in education but not only education but education from the right source is crucial to your Real Estate Investing.  I for one, have a library in my house too.  I started to build my library 3 years ago when I decided to change my life and devote myself to learning how to build wealth.  Real Estate Investing is the wealth building tool my sister and I started to learn and act upon.

My parents never taught me how to build wealth nor did my friends nor grade school, middle school or High School.  Interesting enough after High School I went on to trade school and again NO wealth building principals were taught.  After trade school I went on to earn my Undergraduate degree in Management and Communications.  Again No wealth building principals were taught.  Where did I learn Wealth Building Principals?  I learned from the Millionaires and Billionaires.  They are all my mentors by the books I read and the audio’s, DVD’s I watched learned and acted upon.

Zig Ziglar is part of my library for Goal Setting.  Without Goals we have no sense of direction or know what path to take on your journey for Real Estate Investing.   Interesting enough; once you have your goals written down on a piece of paper the right paper start to appear in you life.  Zig Ziglar is one of those people to help you attain your Goals for 2009 on Real Estate Investing.  Click on picture below to hear a free audio clip:

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.’

Enjoy Zig Ziglar’s FREE audio Clips to help you attain your Real Estate Investing Goals for 2009!  To View my Blog click on http://youcanbuycashflowrealestate.com