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Real Estate Investing – Commercial Loans

Real Estate investing in today’s market takes creativity looking for money to fund or refinance your deals.

Last October I had sold my tri-plex to another real estate investor.   However, due to the zoning of the tri-plex the whole deal fell apart.  

The tri-plex is sitting on a Main Street (main vein) with high traffic volume with a huge commercial warehouse across the street.  However, the driveway is sitting on a residential neighborhood (dead-end street).   This is an odd unit since it’s a duplex and a single family house sitting on one lot.   I know when I purchased it as a short sale it would be a difficult property to sell since I had issues buying it due to the nature of the building.  

Anyway, this is my cash cow and too be honest I truly did not want to sell it.

During this attempt to sell the tri-plex I met a new lender.   I contacted him yesterday to ask about first time homeowner loans here in Wisconsin.  To find out if he has a program set-up so the homeowners can receive the $8,000 stimulus package.

During our phone call he asked me how my tri-plex was going.   Meanwhile in our conversation I brought up my difficulty of refinancing my two properties in Indianapolis under a commercial blanket loan.  He instructed me he can do loans in the Indianapolis area and is going there in a couple of weeks.

This loan officer is getting back to me this week to discuss acquiring a commercial loan in the Indianapolis area.   

The point I want to stress is Persistence is the key to becoming a successful real estate investor.  Financing is always an issue when you keep building your real estate empire.  Be ready to put the boxing gloves on and keep punching.

Keep Your Mind Strong

Marshal Sylver is offering a FREE ticket to The Turning Point Seminar when you purchase The Prosperity Alliance Program.  This is a great deal.   I paid the same price to attend The Turning Point seminar and you are getting 2 seminars for the price of one.

You need to focus on building your mind strong.  Marshal teaches you to attract only the positive and keep out the negatives.   Negatives as family and friends are hurtful and are dream stealers.

Go ahead and watch Marshal’s Video for FREE!

 http://prosperityalliance.com/cindyconradt

cashflow Cindy

Real Estate Investing - Retire in Ten Years with Ten Houses

And Let Someone Else Pay for Your Kids’ Education!

By Karen Nelson Bell

I’m going to show you how to retire in ten years just by buying one house per year! Of course, you can speed it up and get there sooner, or you can buy more houses per year and have a more luxurious retirement. The thing is, you’re not going to be one of the folks worried about Social “Insecurity” *-oops, Social Security*.  

  Buy a house this year and rent it out. Buy a house next year and rent it out. Do that every year for ten years. I don’t care how you buy it—Nothing Down, creative financing, discount or retail, from a FSBO or a Realtor—just get out there are buy a house every year for ten years.

 Step Two:

Wait. Wait for ten years. In that time, will the property value probably have gone up? Will the mortgage probably have gone down? The answer to both is probably yes.

Bob Proctor teaches you The Science of Getting Rich
http://www.thesgrprogram.com/?m=49f85564b2e21

Step Three:

In the eleventh year, take the property you bought in the first year and refinance it. Don’t take a lot of money out of it, maybe 60 to 70 percent of its value, and do what’s called a “cash out refi.” This means taking a loan against the new, higher value of your home. Make sure that the rents can still cover the payments. Of course, rents will have probably risen in that decade too.

Bob Proctor teaches you The Science of Getting Rich
 http://www.thesgrprogram.com/?m=49f85564b2e21

Step Four:

Enjoy that tax-free money during year eleven. Yes, it’s tax free because the money you get from loans is not considered income. Ask your tax preparer. I met an accountant one time who insisted this plan was illegal. He was a former IRS agent turned CPA. Well, when he called up all his friends to verify that I was doing something wrong, he got the thrill of his career. “Wow, I never heard of it before,” he said, “but this is totally legit and yes, tax free. What a plan!”

Bob Proctor teaches you The Science of Getting Rich
 http://www.thesgrprogram.com/?m=49f85564b2e21

 Step Five:

In the twelfth year, take the property you bought in the second year and refinance it. Now you’re getting the picture: You’re going to do this every year. And when the twenty-first year rolls around, you can start all over again, because the houses will have appreciated another decade! That’s a better retirement than any government plan I every heard of.

 Free College for Your Kids

You can let someone else pay for your kids to go to college with this same strategy. Buy a house for every child who you have to send to school. Buy it now. By the time he’s ready for the university, just re-finance the house, and let the renter pay for your Johnny to go off to campus.  Johnny can live in a condo that you buy for him, and his rent can be covered by his roommates, who pay enough to cover the mortgage. When Johnny graduates, he’ll understand property management, and he can keep it, sell it, and pay you back, or you can gift it to him. I just love the part about someone else paying for his tuition and someone else paying for his housing.

Johnny will be the only one of his friends who doesn’t have to worry about paying back all those student loans.

Real Estate Investing – Tenants are always interesting or should I say its interesting being a landlord!

This particular tenant turned into a different person after I handed over the keys to the house.   She would only communicate with me via mail.  She would not return my phone calls nor would she talk to me in person if I was standing in the driveway.  She would have her son come over and talk to me.

Her lease ran out and to be honest, I’m tired of her crap.  Well, I thought if she signs the lease for one year then I will have a tenant in place without losing rent for a month to find a replacement tenant. 

Since mail was our only form of communication I mailed her the rental lease to be signed for one year.  I have her name in the spot for Tenants Name.  She was supposed to sign the signature for the lease at the bottom of the one year lease agreement.

I received her lease agreement in the mail today.  To my surprise somebody else signed the lease agreement.  This particular person is not on the lease nor do they have permission to reside in the property.

A letter was typed up to inform this tenant that this person was not on the lease agreement and will not be allowed to rent this house.  I also included a 28 day eviction notice to inform the tenant the lease will not be renewed by the landlord.  After the tenant attempted to put somebody else in the house without asking for permission and having them sign the lease agreement without their name on it.

I don’t care to have a tenant in my property that is attempted to be untruthful.

To be a landlord it takes different skills and training to learn the laws and how to deal with the tenants.  If you are interested in learning Property Management Skills I would recommend John Dessauer’s Property Management Program for $49.00! (Unbelievable price)  Education is critical to gain the skills to be a successful landlord.

John is a Multi-Millionaire who made is fortune in Multi-Unit Apartment Buildings.  He is the only guru I know who sells his programs with a super low price and provides us with quality learning.

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

Time and Time again and I hear the same from bankers.  Real Estate Investors have no idea what skills it takes to be a successful landlord.  This is your investment so you need to invest in education to learn the skills neccessary on Property Management.

Real Estate Investing – Section 8 (housing)

Section 8 did not pass my rent request for a tenant.  They stated my proposed rent had been found to exceed reasonable rent comparisons in the area.  Factors as location, size, type of unit, quality, age of unit, amenities, housing services provided, and maintenance are all considered in the comparisons.

These properties have tenants in place, just collect the rents in your bank account!!

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They compare similar units in the area to ensure fair market rent is paid for units selected for participation in the Section 8 program, and that the program does not have the effect of inflating rents in the community.

They mailed me a form requesting I find 3 units in the area with the same utilities and size of units to be filled out for their rent comparisons. 

Information Requested:

Size of Unit

Number of Bedrooms

Square Footage

Current Rent

Owner Paid Utilities

Type of Utilities Used

Unit Type

Quality of Unit

Age

Amenities, Services and Maintenance

Section 8 is a great program for low income housing and also for serious landlords or real estate investors.  They do have guidelines that need to be met.  However, once these guidelines are met the rent check is mailed to you on the first of each month.  No rent collecting or phone calls or stress.  The stress is all done during the pre-rental stage meaning:  preparing the unit to meet Section 8 Guidelines.

My partner and I love working with Section 8.  We are learning all of the time however we are more than willing to work with them as they are willing to work with us. 

The end result is providing a safe, clean place for the family to live.

 Deals, Deals and More Deals:

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

Real Estate Investing - This article was written by By Jarad Severe

It’s a nice little informational article on where to find money to fund your deals.  This seems to be an area that stops people from buying foreclosures or any real estate.

Financing foreclosures is the part of this business that people are worried about most. Most people automatically assume that you have to have money to invest in foreclosures, which is what keeps them from investing. You will be happy to learn that you don’t have to have money to start investing. Obviously everyone is in a different financial situation, so not every technique we share with you will work. You just need to find one that works for you and go with it.

Even those with bad credit, no money, or no job may capitalize on foreclosure opportunities. In fact, financing foreclosures is the easier part when it comes to buying foreclosures, finding them can be the biggest challenge, unless you know where to look.

The following are 10 techniques used in financing foreclosures:

Technique No. 1 Assume Seller’s Obligations

Technique No. 2 Borrow Against Life Insurance Policy

Technique No. 3 Use Small Amounts of Money From Different Banks

Technique No. 4 Home Improvement Loans

Technique No. 5 Home Equity Loans

Technique No. 6 VA Loans

Technique No. 7 Find a partner

Technique No. 8 Hard Money Lenders

Technique No. 9 Use Banks and other lending instructions

Technique No. 10 Take over “Subject To” existing financing

These are just a few options you have when financing foreclosures. There are many more ways to creatively finance these properties.

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

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Real Estate Investing: Excerpted from his best-selling book,

Nothing Down for the 2000  By Robert Allen

  Today, real estate is still the most powerful wealth-producing tool in the world, with countless opportunities for you to build your personal fortune.I can tell you from personal experience that it doesn’t matter whether you’ve saved $1,000 of $10,000 or $100,000—or if you’re still trying to balance your household budget each month. My Nothing Down program has been proven to work over and over again. Best of all, it works whether the real estate market is going up, down, or sideways.

Most people lack confidence:  Marshal Sylver teaches you confidence watch his FREE Video:   http://prosperityalliance.com/cindyconradt

 Studies show that about two thirds of Americans will live from paycheck to paycheck until the day they die. Many of them earn a nice living because both spouses work. But that’s not financial freedom. Only about 10 percent of us achieve a true measure of financial security. And only about 3 percent break into the blue sky of true financial freedom.

 Too many people are simply unaware of the incredible opportunities all around us. But unless you change your outdated beliefs, create a specific plan for your finances, and take action now, you will never take true control of your life. If you drift through life, others will make your decisions for you.

 Take the leap of faith and BUY CASH FLOWING REAL ESTATE: (http://serene.ewimultiplestreams.com/index.php?base=featured 

Real Estate Investing:  Managing Tenants is interesting in this business.  However, the key to always remember is you are running a real estate Business.  You are not running a charity business.  When you make your profit in Real Estate then you take 10% and give the money to a charity of your choice.  However, keep feelings and emotions out of this business because if you do you will lose!

These 2 girls were in there 20’s first time living out on there own.  I called the girls and they were shocked to hear the place was a mess.  Supposedly they paid one of their friends to clean the apartment.  I told her, “we all know how hard good help is to find”. 

I told the girls that I would clean the apartment however they were going to pay me $15.00 an hour.  They opted to have their Mother clean it for them.  Since I had a showing at 4:00pm the same day there mother cleaned the apartment prior to my showing.  Yes, she did a nice job!

The girls went to Home Depot and purchased new blinds there dog chewed up.  I instructed them on the high cost to maintain a rental unit.  Once all receipts were in, I mailed them to these two girls and informed them all of their security deposit will go toward the damages in this unit. 

These girls were young and irresponsible.  However these 2 girls did rectify the situation with me.  They did not intentional go out to damage the property and took responsibility for the damages.  They worked with me to get the apartment back into rent shape.  Four weeks later I had a new tenant move into the unit and we are on to another chapter in the book on Real Estate Investing.  New Tenants bring New Stories.  Please leave me your comments and experiences with your tenants for everybody to share and learn.

Real Estate Investing:  If you want your life to change then you need to change.  Otherwise your life is going to look the same as it did 3 years ago, 5 years ago and 7 years ago.  It’s time to reflect on your last 3 years and ask yourself some serious questions.  What do you want out of life?  What are your dreams, goals and aspirations?  Where do you want to go?  Do you have places you want to see?  What about taking your family on an exotic vacation?

These are tough questions to ask yourself and you may need to dig deep.  With the fast pace and heavy demands on you it’s easy to lose yourself and be meeting someone else’s dreams, goals and aspirations.  It’s a new year and you need to tell yourself, 2009 is your year to achieve all of your goals not somebody else’s goals.  These are great goals to meet for the company you work.  However what goals do you want to achieve be it real estate investing or personal goals.  How much money do you want to make? 

If you don’t set your personal and business goals to meet your dreams, goals and aspirations then somebody is going to set them for you.  Then you will be living their dreams not yours.  If you are serious about real estate investing you need to write down your goals.  How many houses do you want to purchase in 2009?  Do you want to purchase Single Family houses or duplexes?

Zig Ziglar will walk you through writing down your real estate investing goals and personal goals.  If you don’t write your goals down then how do you know what you need to achieve? Click on Zig Ziglar’s Picture below to listen to 3 audio’s FREE!

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.’

Goal Setting is critical for your success if you are truly passionate about Real Estate Investing. Education is the greatest investment in yourself! Enjoy listening to his FREE sample audio’s and be inspired to Act on your dreams! To view my blog click on http://youcanbuycashflowrealestate.com

I am writing again on the strength of the rental market compared to December 2007.  Filling a vacancy in the middle of December was unheard of in the Apartment Business.  As the saying went, if your units are empty in October be prepared for them to be empty all winter long.  My BLOG is written on my own experiences of owning rental property or my Real Estate Experiences.    I filled a house yesterday in December!  I live in Wisconsin and it is 20 degrees here (COLD) and found a qualified tenant.  The tenant is moving into the vacant house December 12 in the cold.  If you’re a current landlord living in the colder climate are aware the heat bills can be costly.

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

I am stressing the fact NOW is the time to purchase cash flowing properties.  With Real Estate prices down and the strength of the rental market.  It’s the perfect storm!   I’ve traveled to many Real Estate Seminars and in certain parts of the country (mainly larger cities) all I heard from investors or want a be investors is Our Real Estate Prices are so high and rents will not cover the mortgage in my backyard or state.   Well folks it’s time to take ACTION and buy yourself some Cash Flowing Real Estate.   Cindy