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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.

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 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.
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Real Estate Investing - Valuing Commercial Real Estate

It’s Based on Cash Flow, not Comps

If you’ve ever bought a house, you know how it works. The value of the house is almost always based on comparable sales. Comparable sales–or “comps,” as they are called–are homes similar in location, square footage, number of bedrooms and bathrooms, lot size, and type of construction.

Imagine you purchase a property that is worth $300,000. Its value is based on the comps–which means that the house next door likely sold for around $295,000, the one across the street for $304,000, and the one down the street for $299,000. So in that neighborhood, your property is worth $300,000.

The property has a tenant who pays $1,100/month. But he is leaving, so you put a new tenant in that pays you $1,300/month. Did the house go up in value? No, it’s still worth $300,000 regardless of what the tenant pays you. Why? Because its value is based on comparable sales.

Making Millions in Multi-Units
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How It Works in Commercial

Now let’s imagine you purchase a commercial building that is worth $1 million. It has a retail tenant who pays rent of $7,500/month. But this tenant is also leaving. And you know that the building has been under-rented–that’s why you bought it. So you bring in a better retail tenant who is going to pay you $9,000/month.

Did the commercial building just go up in value? You bet it did. Why? Because the value of commercial property is based on its cash flow, not on comparable sales. The higher the rent–and the higher the quality of the tenant–the more the building is worth.

Making Millions in Multi-Units
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In this scenario, you just replaced a retail tenant paying $7,500/month with one paying $1,500 more. Want to know how much your building is worth now? It jumped from $1 million up to $1.2 million! That’s right, you’ve just earned yourself $200,000 in equity.

  And now you’ve got options. You can:

•             Keep the building (and the nice monthly checks it’s bringing you)

•             Refinance, and pull up to $200,000 out, or

•             Sell the building and take your profits!

John Dessauer made his fortune in multi-units and has a $49.00 program for you to learn all of the ins and outs of How to Buy commercial Real Estate Investing.  This course is worth alot more than $49.00 with all of the formula’s he gives to you.   He teaches you how to buy a multi-unit and Why to walk away.  For $49.00 alone; he will keep you from buying an alligator.

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Real Estate Investing – Homeless Shelter Starter Rental Program

The homeless shelter contacted me yesterday to request information on my unit for rent.  We have a lower duplex for rent in front of the homeless shelter. 

The director of the homeless shelter drove around the neighborhood looking for real estate rental properties available for rent to fit in their low income housing program.   They are starting a New Program where they pay the rent for low income housing.  She asked me how many bedrooms, baths, size of the unit, what is all included and monthly rent.

They have noticed a pattern with many of the people staying at the homeless shelter.   It seems many of them are repeat customers who leave and come back again and they leave and come back again.  Evidently this process repeats itself over and over again.  This is a new area for me.

Due to many of them repeating this process, they are stating a new program where they will pay their rent and Utilities.  Will this program be the same as Section 8?  I have many questions to ask them.  However, if the money is paid for the rent each and every month by The Homeless Shelter then in my eyes it is secret real estate cash.  Meaning:  I don’t have to contact they tenant by phone, email, text message or letter requesting the rent be paid on time.  With the Section 8 or Homeless Shelter Program once the contracts are signed, they mail us the check by the 1st of each month.  Would you call this Secret Real Estate Cash?

The homeless shelter is contacting me sometime within the next couple of days for a walk through of the inside of the unit.  This particular unit is Section 8 ready!  All screens are on windows, windows are all new and operable.  Section 8 does not require the windows to be new, however, they do require them to be operable.  Meaning:  if the window is pushed up; it must stay up!  It can’t fall down because many of the Section 8 families are single moms with small children.  No child needs to have their hand smashed in a window!  Section 8 is secret real estate cash.

Multi-Millionaire John Dessauer offers a fabulous Property Management Program for $49.00 (unbelievable price for the quality of content you are receiving)

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 I will mention; due to this unit being so close to the homeless shelter, it has affected renting this unit out.  Many of the people who call ask if I have an issue being so close to the homeless shelter with break-ins.  My answer is NO! I have never had an issue with somebody attempting or beaking into the upper or lower unit due this property being so close to the homeless shelter.

 The unit upstairs is rented by a Section 8 tenant and currently somebody is renting the lower unit however he is requesting to break his lease since his wife and he are back together.

The rental market is growing stronger each day.  My suggestion to you is to buy rentals when the market is down so they cash flow substantially.  When the rental market gets saturated, you can compete because you purchased the property at a .50 on the dollar discount.

If you are looking for Safe Investing Cash Flowing Real Estate go to my web site to view.  These are all Cash flowing properties, currently one of them is listed for $35K and bringing in $500.00 rent.  To be honest this is low rent.  Once the lease expires you can raise the rent or if you want to keep the tenant in place; raise the rent $25-$50 without losing one month of rent.

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Real Estate Investing - I have never experienced such a time when I was inedited with phone calls for rentals.  This is my third year owning rentals and phone has been ringing for the last 2 days non-stop.  It’s almost annoying! (I always smile when my phone rings because my phone ringing means MONEY) 

Deals with Tenants in place; all you do is put the check in your bank account!

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Money in my pocket not the banks but MINE!

People call me and I tell them when I am showing the properties.  It’s wonderful because when I show the properties I have multiple families viewing the same property at the same time.  This in itself causes a sense of urgency to the potential tenants.

Deals with Tenants in place; all you do is put the check in your bank account!

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I have never experienced such a HOT rental market in the years that I have been investing in real estate.  By this weekend, I will have three units filled with one year leases in place.

The one unit just became vacant the beginning of March and I already have a tenant placed to move into the property April 1.  One month loss of rent is not so bad.  I’d rather have no month’s loss of rents however I will not complain. 

The rental market is getting stronger and stronger each day so my advice is to buy some rental units NOW.  Do you have money set investing for your retirement?  Or are you having struggling to save money each month for your retirement?

Real Estate takes away the money pinching for saving for retirement.  Your tenants are paying your retirement bill.  Take Action NOW and buy real estate.

Deals with Tenants in place; all you do is put the check in your bank account!

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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:

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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

Real Estate Investing:  I had a gentleman who contacted me yesterday regarding the cost of Real Estate Programs.  Since I went through the program he wanted to know about my success or failures.

He was concerned about the high cost of the real estate program and was looking for verification the program is worth the high fees.

Real Estate Investing Education is expensive!  I am going back form my Master Degree and the cost is $30,000!  Yes, $30,000!  This price does include books.  Are they teaching me How to Make Quick Cash?

If you’re an advent reader of my blog daily you know I firmly believe in education, education, education.  As I stressed to this person, I am constantly investing in seminars, boot camps, books and audios. 

You have to keep investing in yourself.  Go back to your Real Estate library of books and re-read your books again and again.  You will be amazed at what information you will pick up and retain the 2^nd or 3^rd time reading the same book. 

If your taking ACTION on what your being taught.  The 2^nd or 3^rd time you read the book, you’re more knowledgeable now their several months or one year ago.  Also, you get somebody else’s idea or take on the situation.

If you learn one crucial step to successful real estate investing from my blog; please take away, Education is Key!

Real Estate Investing:

Develop a Plan

Congratulations! You have taken the first step towards achieving your goals by writing them down and by defining them. Now, you must develop a plan of action. Without implementation, your goals will not likely ever be achieved. As you develop your implementation plan, consider your available time, resources and ultimate end result that you are seeking. If you are new to real estate investing, be sure to set small stepping stone goals rather than a single, large goal to begin with. Success is generated over time by taking small, productive steps. Your implementation plan should include daily, weekly, monthly and quarterly action steps. Those action steps need to be translated into tasks and then included in your daily plan. As you progress through each day, be sure to check off each completed task or goal.

As you begin to check items off of your lists, you will begin to feel progress. However, it is not always that easy. You will have some wins and some losses along your real estate investing journey. If you end up off track from your goals, regroup and modify your tasks moving forward. Constant re-evaluation of where you are versus where you want to be is crucial for generating long term success in real estate. On the flip side, be sure to celebrate your wins! After all, you deserve it!

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:  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