youcanbuycashflowrealestate.com

Real Estate Investing - Valuing Commercial Real Estate

Cash Flow vs. Comps

As you can see, commercial and residential use two different methods for valuing property. With residential, it doesn’t matter what your tenant pays you–it simply won’t affect the value. Your rental property could be vacant, and that wouldn’t affect its worth. It would still be based on comps.

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

On the other hand, the potential of a commercial poperty can be as limitless as your imagination. Because the value is based on income, you boost the value of the real estate every time you boost the income (rent) you’re receiving from the building. By scouting for commercial properties that are either under-rented or have inferior tenants, you can find potential gold mines.

As you can see; commercial real estate is valued at the cash flow.  If an agent is telling you the property is valued at 1 million dollars, then the income has to be 1 million dollars.

If not, walk away, the property is too high and you will not be able to cover your expenses.

I currently own a small multi-unit building.  Its wonderful on cash flow and am looking into buying more multi-units. These are cash cows!

If one of my  tenants leave, the other tenants cover my expenses!!!

John Dessauer has a Great Program:  Making Millions in Multi-Units!
A workbook and 6 CD’s are included with this program.  He explains in laymans terms how to figure out the cap rate, how to figure out if this property will cash flow.  John teaches you the ins and outs of buying commercial property for a small fee. 

 (inexpensive course for $49.00 for all the pertinent information you learn!) I’m shock at the low price he is offering for this course.  I paid $150.00 for this course and it was worth it for $150.00.  Now he is offering the same course for $49.00.   The formulas alone are more than worth the cost!

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

Real Estate Investing – Always Educate Yourself

I joined EWI Real Estate Seminar (Master Program) over one year ago today.  As I mentioned to you earlier, I am involved heavily with training and reading.  I am always looking for the opportunity to learn because depending upon what level of real estate knowledge you are at be it in the beginner or advanced; there is always a piece of information you missed. 

When I first joined EWI Master Program, I was completely overwhelmed 2 years ago.  However, after investing in Real Estate over 3 years, I have retained much of the knowledge due to taken ACTION. 

However, as we say when we attend the Wealth Retreats, we are here to find the Gold Nugget!

Today, I found my Gold Nugget listening to Bob Proctor’s lesson on “Fortunes”.  He talked about creating your Master team, go find them and ask them.  It’s Simple!

http://store.sixminutestosuccess.com/?aid=588610

Bob Proctors video on Napoleon Hill’s book, Think and Grow Rich (about 20 minutes long)
http://store.sixminutestosuccess.com/?aid=588979

Anyway, I joined the Live 4 Week Prep- Course to the 90 day Real Estate Challenge that starts on April 27, 2009.  I am going to list my homework assignments below.  This way you can follow along and learn how to create your fortune with us.

As you can tell from the list of homework assignments below, Real Estate Investing takes motivation, time, and most of all ACTION on your part.   You must be willing to Learn and take ACTION!!

I will post the New Homework Assignments on Tuesday’s for the next 3 weeks.  This week I’m running late due to some personal family issues.

Oh, by the way, the instructor told us,

If you don’t complete this list of assignments below

Then  Don’t Bother Showing Up On Next Monday Night’s Call!   

Homework Listed Below:

1.       Adjust 1 hour per Day to Invest in Real Estate.

2.       Create an Investor’s Tool Kit.  (put all of your real estate forms in one area)

3.       Fill the tool Chest with useful Tools.  (agent’s names, phone numbers, attorneys, etc…)

4.       Learn the Art of Each Tool.  (know what each form is used form or who to call)

5.       Apply new Knowledge (Take Action!  look you can listen, read, and learn however if you don’t apply your knowledge then why are you reading this blog?)

6.       Repeat the process (cookie cutter real estate process)

Research Incentives to Buy

·         Tax Rebates

·         Tax Credits

·         Down Payment Assistance

·         Federal, State, and Local

Action Items List:

1.       Read or Listen to the “Blue Vase” Story

2.       What incentives Are Available?

3.       How Do You Qualify?

4.       Enroll in the 90 Day Real Estate Challenge

5.       Have a “WHY” – Get Excited

6.       Watch the Movie “Rocky”

7.       Read Chapter 1-4 “Road to Wealth Book” author Robert Allen

Enjoy learning!

Real Estate Investing – For landlords this is an exciting time with so many homeowners losing their homes they are moving back into rental units!  For us who own rentals it’s fabulous!

I am to say, yesterday, all I did was answer my phone on rentals that I have available.  As you can guess what my plans on today, showing rental units all day!

Great deals with tenants already in place:  No stress just collect the rent checks:

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

I will have three rental units filled by this weekend.  How Awesome it that?

From a management point of view, I tell all of my tenants.  Rent is due on the first of each month, if check is not received by 2^nd of month, eviction notice is mailed out.  I have NO time to chase rent checks down each month nor am I putting rent collection on my monthly agenda.

Be strict and firm up front and they will abide by your rules.  If not, I evict them immediately!

This is the best time to buy cash flowing real estate since there are so many properties to pick from on the market.  If you are looking for the conservative way to buy real estate; your strategy is to buy 10 single family houses; rent them out; hold them until retirement age.  Your retirement is 10 houses.  You will be able to retire without worrying about where your source of income is coming from besides social security.  In my opinion; social security is not a source of income nor should you plan on it for your income.

Great deals with tenants already in place:  No stress just collect the rent checks:

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

Why is it Important to Set Goals in Real Estate Investing?

We have all heard how important it is to set goals in our lives, specifically when there is something in particular that we would like to accomplish. But, how effective are you at setting goals in real estate investing? One of the most respected motivational speakers, Zig Ziglar, in his new CD series “Goals”, outlines the 10 steps to goal setting in real estate investing. If you are serious about achieving your real estate investing goals, take time to learn from the best about how to make your goals your reality.

Are your goals written down or do you keep them safely stored in your mind? If you have not taken the time to write your goals down, you are significantly less likely to achieve them than someone who has mapped their goals out in a plan. Studies after studies have shown that individuals who write their goals down achieve higher levels of financial success during their lifetimes than individuals who do not write them down. So, what are you waiting for? Start writing!

How to Set Goals

Now that you understand the importance of setting goals in real estate investing, it is time to take action. A goal must be clearly defined with both a time frame and amount. Otherwise your goal is simply a wish. For example, I would like to increase my income through investing in real estate is not a goal. But, I would like to earn an extra $50,000 per year by investing in real estate, starting this year is a goal; it has a clearly stated amount and a time frame to begin. Write down your real estate investing goals, clearly defining each and every one of them.

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:  Do you remember your New Year’s Resolution?  Did it involve Real Estate Investing?  Did you write your New Year’s Resolution down on a piece of paper?  How many people’s New Year’s Resolution was forgotten after the Champagne was gone?

It’s Critical to your success as a Real Estate Investor to have Goals.  If you don’t have any goals you have no road map.  Would you drive to another state without a plan?  Do you go on vacation without a plan?  Do you know what you what to accomplish for 2009?  How many Single Family homes do you want to buy in 2009?  How many audio’s are you listening to learn how to achieve your goals?

If you want to change your life then you need to do something different than you did in 2008.  Otherwise if you wake up and drive to work and watch the same Reality Shows as in 2008.  Your life will be the same by December 2009.   You will ask yourself where the year went and what did you accomplish.  These are hard questions to ask yourself, but you need to sit down and truly think about your passion and desires on Real Estate Investing.

Zig Ziglar’s Goal Setting Audio is an awesome audio program to assistant you in setting your goals on Real Estate Investing.   I heard of Zig Ziglar during my younger years however I was not ready to receive his information to make me successful.  Three years ago, I was ready.  I love listening to him.  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.’

Goal Setting is critical for your Real Estate investing 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

Real Estate Investing:  I can’t stress enough on Now! Is the time to Purchase Cash Flow Real Estate!!!  The rental market gets stronger each and every day?  I feel like I am a tape recording on Buy Now.  However, You need to figure out a way to go buy yourself a nice piece of Cash Flowing Real Estate!

My tenants moved out of the duplex on November 30, 2008.  I immediately placed a For Rent Sign in front of the duplex and on the main traffic highway approximately 1 block from where the duplex is located to gain more exposure.   With the For Rent Sign placed on the Main Highway and giving me more exposure to advertise a vacancy.    The sign went up and 2 days later I had one phone call.  This particular family was looking for a 3 bedroom and this unit happens to be a 1 bedroom.  This unit didn’t fit their criteria.  Five Days later I showed the property to a young couple and 3 days later I showed the apartment to a gentleman who is taking care of his elderly mother.  The Gentlemen called me on December 23 asked me if the unit was still available.  His mother is moving into the duplex on Saturday, December 27, 2008.

If you are a serious person now is the time to get involved with Real Estate Investing. To view my blog click on http://youcanbuycashflowrealestate.com