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Real Estate Investing – Animals Cause Damage To Your Units When Owners Are Irresponsible

Real Estate Investing is interesting when you own rental units.   You need to decide with each unit if you will accept animals.  If you do accept animals in one unit it does not mean you have to accept animals in your other properties.

I do want to stress to you the importance of getting educated in the area of Property Management Skills.   This was one of my first investment properties and truly had no idea what I was doing at the time.   Since then I have spend thousands of dollars getting educated in the area of Property Management to gain insight and skills.

John Dessaur has an awesome Property Management Program for a minimal fee of $49.00.   This $49.00 investment will save you from getting tons of gray hair and losing sleep.

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

 If you decide to own rentals you need to contact their previous landlord and find out if they were responsible tenants.  Otherwise you will end up with $3,000 worth of damage as I did.

Two Great Questions to ask the Previous Landlord are listed below:

1.       Was the Property left in the same condition as when they moved into it?

2.       Would you rent to them again?

The video that I am going to show you is from the owner being irresponsible.   Animals are good when they are trained and taken care of by their owners.   Damage is done when owners are lazy and irresponsible. 

As you can see from the video the owner did not have a place for the cats to urine so they went on the floor in the house.   Mainly from the smell and wetness looks to be the bedroom where the cats decided to urinate frequently.   My contractor had to walk outside because the house smelled so bad. 

The question I asked myself is how was this person able to live in these unsanitary conditions?   As the saga goes; they move from this location and start the process all over again.   Don’t let this happen to you; get yourself educated.

For a small investment of $49.00 you can purchase John Dessauer’s Property Management Program. Comes with CD’s and a work book. John made his money investing in multi units so he knows the in’s and out’s of property management.
Find Your Life’s Freedom’s! Take Action Now!!

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 – Do you Tenants Pay Your Mortgage?

In today’s market the buss is Real Estate Prices are fallen, don’t buy today, your real estate investments will be worth less tomorrow.  

I don’t want to buy a property today if the fallen will be less tomorrow!

My first question to you is “What is your Real Estate Strategy”?  If you are using Speculation Strategy, Hoping the Real Estate  goes up then you are gambling and are not a real estate investor.

My first coach told me; Real Estate investing is NOT a get rich quick scheme.  It takes time and effort.  As I mentioned in my blogs and it also takes education.  Today’s blog is all about working the numbers before you sign the mortgage papers. 

Ask yourself the Question:  Who is paying for this mortgage?  Are you tenants?  Bingo, tenants is the correct answer. 

If you answered You;   Then you better go find yourself another deal. 

Real Estate Investments is all about having the tenants pay for your mortgage.  Don’t buy the property unless all of the expenses are covered by the tenants.

WHO cares if the property value drops.  You are not using your real estate investor money.

Are you paying for the mortgage or is your tenant?  Always ask yourself this question.

Over the 10, 15, 30 years you will have a FREE and clear piece of property that the tenants paid.  Yes, I agree this approach is boring.   However, you are not paying for the real estate investments!

Purchase properties so the tenants are paying for the mortgage.  At this stage of the game, YOU get to deposit the checks into your bank account.

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

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!!

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

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

Real Estate Investing - Education is Key Component to Business Success

Remember back in High School looking forward to graduating telling your friends.  I can’t wait to get out of school!  Well Folks, the reality in today’s world is Education is a Key Component to your Success in Real Estate Investing or any business.

My Friend met with a SCORE counselor last week to go over his Real Estate Business Plan.  For those of you who are unfamiliar with SCORE.

SCORE “Counselors to America’s Small Business” is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE is headquartered in Herndon, VA and Washington, DC and has 370 chapters throughout the United States and its territories, with 11,200 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors. SCORE was founded in 1964.

The counselor’s are Successful Business Owners and many are retired.  They are offering their knowledge and assistance to the future Entrepreneurs in our society to create jobs and successful businesses.

The SCORE counselor told my friend Education is a key component to running a successful business.  This is the key ingredient most businesses are missing and results in failure.  He mentioned people tend to believe once they graduate from business schools all of their educational needs are met.  This is furthest from the true in any type of business be it Real Estate Investing or Network Marketing.

Listen to Marshal Sylver’s Seminar for FREE (I paid $2,000 to attend his seminar in Chicago and it was all worth it and more)  Block out 2 hours of time, put the kids to bed, Shut the T.V. off, grab a cup of tea and sit back an enjoy yourself!  My Gift to You!

My Son went to the grocery store this morning and brought back Live Flowers for me. 

What an awesome Gift!

I am giving you the gift of Cherishing your family and friends.  I know I sure do!

Happy Valentines Day!

P.S.   We are offering to list your Wholesale Deals for FREE on our web site.  If you have any deals you need to sell email us at ebay100chase@gmail.com

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