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Real Estate Investing – Challenges Faced Moving Mobile Home Today

Today was an interesting day to say the least.   This morning I arrived at the Mobile Home Site and expected the Mobile Home to be gone.   Instead I arrived with people voicing their opinion in anger with each other.  Swear words were flying around with the top word being Sue!

I immediately instructed the group nothing gets done with high tempers and vicious words.  It was extremely difficult to find out what the issues and challengers were with each person strong headed.

The park owners have been a challenge to deal with since we contacted them to instruct them we were moving the mobile home out of the park.  They told us what rules we need to follow so we have been following them.   However, this morning their driver was as difficult to deal with as the park owners.   The end result was the mobile home did not get moved.

The owners would not call their driver back to move the mobile home at 10:30am this morning because they claimed he went up north for the weekend.   He had his work week in at 10:30a.m. Friday morning.

This situation could have easily been resolved this morning with the list of items below:

·         Park Owners been more willing to work with us (frantic owner who used angry to push himself around).

·         Park Owners instruct us to bring a Battery Pack to get the wheels moving when movers contacted them to find out what their driver’s responsibilities were and movers.

·         Had the driver waited 10 minutes for the mobile home owner to pick up a battery pack to attach to the wheels?

·        

Cashflow Cindy

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!

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!

What is the Section 8 Rental Voucher Program?

This program enables individuals of low income households to find more affordable rental housing options. The program will often pay the landlord of the rental property a differential between the family’s household income and the fair market rent for the property. In simpler terms, this program is a federally sponsored subsidy program for individuals seeking to rent properties, offering funds on behalf of the renter to the landlord. The program not only allows more families to find affordable housing options, but increases the openness of many landlords to rent their units to these individuals or families. With the added financial security of Section 8 funding, landlords feel more financially secure when choosing renters of lower income and personal credit status.

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How do Landlords Qualify for Section 8 Funding?

The units must meet the standards as outlined by the PHA to qualify for Section 8 funding assistance. If the unit for rent meets the standards, the landlord will receive a payment from the PHA when the tenant moves into the rental unit. Landlords must offer reasonable rent for their area in order to qualify as well. To apply, landlords must apply to Section 8 for consideration.

While low income households may not be the only market that you serve as a landlord or even the most desirable in your mind, there is a tremendous amount of financial opportunity that is worth consideration to serve this marketplace. One of the biggest advantages of the Section 8 program is protection from the PHA for this group of renters. Part of the monthly rental obligation is covered under this program, often offering financial assurance to the landlord.

Owning rental real estate is an excellent strategy for not only creating a current stream of income, but for building personal wealth. As you consider all of your available rental real estate strategies, be sure to consider the Section 8 program, the types of rental properties that you are considering and how your overall investment strategy may benefit from these funding opportunities.

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Real Estate Investing:  Are you accomplishing your 2009 New Years Resolutions?

How is everybody doing on reaching your New Year’s Resolution on Real Estate Investing?

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.’

We are heading in the last week of February with March around the corner in one week.  We will now refer to our New Year’s Resolution as Goals, Targets or Objectives. 

I would like each one of you to post a comment to inspire others or assist others who are having a difficult time getting back on track with their Real Estate Investing Goals.  Due to outside forces as Birthday Parties, Weddings, Fun or working 60-70 hours a week. 

Remember:  Successful Real Estate Investors do what unsuccessful people hate to do.  We all know what we need to do in order to accomplish or goal or to get back on track.  But, how many of us do it?

I for one, truly, don’t like to be a landlord:  I avoided an issue with one of my tenants last year.  It would have been smarter for me to tackle this issue last year.  However, I avoided the issue because I didn’t like to do it or it was something that I had to learn.  It was easier for me to follow the avoidance mentality than be nervous or in an uncomfortable state of mind.

Today, I am targeting the issue head on.  We are communicating with each other to resolve this issue.  However, this issue should have been taking care of immediately when I discovered it last year vs. waiting one full year. 

Today, I am tackling the issue.  The tenant is communicating with me.  We are in the negotiating stage and will be resolved by end of February.

Why did I wait a whole year to tackle this issue?

It goes back to me being afraid; the term FEAR!  Stepping out of my comfort zone was my main reason.  Today, as a successful Real Estate Investor it’s critical to be uncomfortable otherwise we are sitting idle and in order for all of us to grow.  It involves being uncomfortable.

I found doing the tasks that I don’t like to do have become a habit for me.  Successful people have made a habit out of doing the task they don’t care to do. 

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:

Overcoming Adversity

There will be challenges! Everyone will experience challenges when investing into real estate, some greater than others. Your ability to become successful in this industry is greatly dependent upon how you manage adversity. Do you learn from failures or mistakes or do you dwell on them? Are you willing to ask or to seek out help? We all face challenges. Make the decision today to act in a proactive manner throughout your career in real estate investing. If you have a set back or failure, seek the learning opportunities that have been presented to you and move on. Do not dwell in the past.

Positive Attitude

In addition to learning how to overcome adversity, you will also need to maintain a positive attitude and outlook to achieve success. The thoughts and feelings that you experience on a daily basis will influence your actions and your overall success in real estate investing. Have you ever noticed that most successful people seem to always be optimistic or positive? And, have you also noticed that individuals who are not financially successful tend to have pessimistic attitudes or are negative to be around? Choose today to develop and maintain a positive attitude. Your family, friends, colleagues and bank account will appreciate your decision!

Setting goals in real estate investing is crucial to becoming successful. For more information about how to set goals, listen to Zig Ziglar’s CD called “Goals”. Also, for more information about real estate investing, visit www.youcanbuycashflowrealestate.com.

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:  Time and Time again I see and hear people all around me talking about their New Year’s Resolution’s.  By January 11, all of the hoopla about the New Year and New Year’s Resolutions are forgotten.   Did you ever ask yourself WHY?  Did you write your New Year’s Eve Resolution down?

I want 2009 to be your Year to Keep and achieve your New Year’s Resolution!

You ask me how what makes 2009 different from all of the other years.  This year you are going to write your goals down on a piece of paper and carry them around with you.  Read them everyday.  You will have them memorized.  

Seriously think about what you what to accomplish in 2009 for Real Estate Investing.   A few questions to ask yourself:  How many properties do you want to purchase?  Maybe, you’re a new investor and want to purchase a single family home?  What location do you want to invest in?  How much money do you want to make each month, per year?  Where do you want to go on vacation?  What books do you want to read?

It all starts with Goal Setting!  The key is writing your goals down and reading them each day to yourself.  I get up in the morning and read my goals on Real Estate Investing and before I go to bed at night.  Studies have shown successful people write their goals down on paper and read them each day or review them each month.  Once you have your goals written down you need to write a plan down on how you are going to achieve each goal.  It may endure taking a class or Reading a Book. Maybe you need to find a mentor to teach you or guide you in the right direction of achieving your goals to Real Estate Investing. 

Successful Real Estate investing takes a lot of hard work and persistence to achieve your Real Estate Investing Goals.  Zig Ziglar is a great motivator and inspiration to millions of other individuals who all achieved high success through Goal Setting.  Click below to listen to his free audio 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 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 - Retail Flip is difficult to do these days with banks securitizing the deals and expecting buyers to have over a 700 credit score rating.

With the New Year of 2009 we are still in the middle of confusing with the banks changing their criteria almost daily.  Even the mortgage loan officers are experiencing challenges with the rules changing daily.  The banking industry is going under significant changes.  We are still in the middle of these changes and too be honest and wondering when these changes will subside.  Today Banks are expecting home buyers to have immaculate credit.  This makes it extremely challenging for you and I use the Retail Flip Strategy in Real Estate Investing.  We used to buy a home, fix it up and then turn around and sell it to a home owner.  Today its about buying cash flowing properties not Retail Flips.  http://serene.ewimultiplestreams.com/index.php?base=featured

Today, the appraisals are coming in low or lower than 1 year or even 6 months ago.  Everybody even the appraisers are running scared.  They don’t want to appraise the property to high for fear of a law suit or lose their jobs (no pointing of fingers).  Today the whole mortgage industry is running in FEAR.  FEAR has never been a way to run a successful business or base decisions off of FEAR.  When it comes to real estate investing we need to remove the word FEAR and base our decisions on running the numbers. 

Today is the best time to purchase cash flowing real estate.  2009 is all about running the numbers.  When you run the numbers and the property pays for itself then you need to be serious and think about moving forward on real estate investing.

Click on link to find some Excellent Cash Flowing properties   http://serene.ewimultiplestreams.com/index.php?base=featured