Archive for August, 2015

Thurs, September 10th at 6PM @ Doubletree Suites Tampa Bay
Tampa REIA – September 10th
at the Doubletree Suites Tampa Bay
How to Find, Fix, & Flip Your Way Into Massive Profits
with Special Guest, Don DeRosa

Tampa REIA Members Can Attend at No Charge.
Guests Can RSVP Online Now for $15 or Pay $20 at the Door.

RSVP Now!

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members Please RSVP on Meetup.com

Don DeRosaThe real estate market is on fire right now. There are so many money making opportunities right around every corner. Do you know this but don’t know where to get started to claim your profits? Have you already gotten started but need an extra bump to kick things into higher gear? Don’t sit back and watch all your friends get rich flipping houses. Get in on the action and get your house flipping business making the money that you deserve.

Don’t miss the Tampa REIA Main Meeting on Thursday, September 10th at 6PM, where our special guest speaker, Don DeRosa, will be teaching all about rehabbing houses for massive profits. The meeting will take place at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL.. During his presentation, Don will teach you all about…

  • Where to get started
  • How to get the biggest “bang for your buck”
  • How to evaluate deals based on repair costs
  • How to find and manage good contractors
  • How to protect yourself from being taken advantage of
  • How much rehab you should do to a house
  • How to evaluate what repairs to be done
  • And much, much, more!

About Don DeRosa

Don is a seasoned investor who has completed many of his own profitable rehabs. Don is also a mentor and has taught many other investor how to successfully complete their own. Don’t miss out on this great opportunity to get your house flipping business up and going quickly. You will learn a great deal of information about the entire rehab process. All this is happening at the Tampa REIA main meeting on Thursday, September 10th at 6PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL..

As always, Tampa REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20 at the door. Be sure to bring your business cards and flyers and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

5 Days & 4 Nights in CancunWIN A 4 NIGHT STAY IN CANCUN: All participants who attend the Tampa REIA Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.

RSVP Now!

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members Please RSVP on Meetup.com

*Meeting Agenda
6:00 PM: Tampa REIA Meeting in Tampa
6:15 PM: Announcements, Introductions, Haves & Wants
7:30 PM: Main Presentation with Don DeRosa
9:30 PM: Late Night Networking at Whiskey Joe’s Bar & Grill

*Please Note: Meeting agenda is subject to change.

Late Night Networking at Whiskey Joe’s Bar & Grill

Whiskey Joe's Bar & Grill Tampa FloridaAfter the conclusion of the Tampa REIA Main Meeting (around 9:30PM), we will be reconvening at Whiskey Joe’s Bar & Grill located at 7720 West Courtney Campbell Causeway in Tampa for the “Meeting after the Meeting”. Come eat, drink, network and have fun with us as hang out late into the night on Tampa Bay!

See Tampa REIA Events Calendar for More Events!
Sat & Sun, September 12th & 13th at 9AM – Tampa, FL
Find ‘Em, Fix ‘Em, and Flip ‘Em
How to Create a $100,000 Business in 29 Days!

A 2 Day Boot Camp with Don DeRosa
Sat & Sun, September 12th & 13th, 9AM-6PM
DoubleTree Suites Tampa Bay
3050 N Rocky Point Dr W, Tampa FL

Find 'Em, Fis 'Em & Flip 'Em ManualAre you ready to take advantage of the rising real estate market and get in on the red hot house flipping scene? Are you thinking about flipping but don’t know how? Does the idea of renovating properties scare you to death? Don’t know where to start? If the answer to any of these questions is yes then you absolutely need to attend Don’s new two day renovation event.

Come see Don on September 12th and 13th at 9AM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL, where he will spend two full days teaching you how easy it actually is to Find ‘Em, Fix ‘Em, and Flip ‘Em. You will spend two full days learning the art of flipping houses. Don will show you a Step-by-step process to evaluate, avoid rookie mistakes and build a highly profitable fix and flip business.

Day One:

  • How to put together a solid flipping strategy
  • The best methods for securing multiple types of funding
  • How to evaluate properties, work with contractors and manage renovations
  • How to Flip multiple houses at one time
  • How to crunch numbers and evaluate high profit margins
  • How to negotiate like a seasoned pro with Sellers, Lenders, Contractors and Buyers
  • How to handle Legal and Tax Regulations
  • How to choose the best marketing strategy that guarantees sales
  • And much more…

Day Two (Field Trip):

  • Field trip to Home Depot
  • How to automate your renovation business using SKU based model
  • Compare prices and learn basic costs of materials that will be used in every job
  • What are the low, middle and high end products to use depending on your level of renovation
  • Visit 3-4 actual houses and estimate repairs, discuss potential renovations and more
  • First hand experience looking at real houses, using real numbers, and making real offers

Don will give you his manual practical tips with real life examples, easy to use systems and killer paperwork so you can tap into this exciting and potentially unlimited source of income and financial freedom. This will be one of the best, most affordable boot camps you’ve ever attended! So don’t miss it!

Register Now!

PLEASE NOTE: Location and schedule subject to change. Pricing is per person. No refunds 5 days prior to event. Register before early registration expires to save $100 off tuition.

See Tampa REIA Events Calendar for More Events!
Sat & Sun, Nov 14th & 15th @ 8:30AM – Tampa, FL
Tampa REIA Presents…
The Wealthy Code
A FREE, 2-Day Member Appreciation
Workshop for
Real Estate Investors

Learn To Structure Deals For Passive Income Like the Top 1% of Investors…
Avoid Key Mistakes & Lower Your Risk!
November 14th & 15th from 8:30AM to 7:00PM
Doubletree Suites Tampa Bay
3050 North Rocky Point Dr West in Tampa, FL

Join us on November 14th & 15th for a Special 2-Day Hands-On Member Appreciation Workshop Where You’ll Learn:

  • A proven way to generate cash flow from any investment method.
  • How to structure your real estate investments to minimize risk and maximize upside.
  • How to quantify risk and return, and how to adjust both metrics to make deals work for you.
  • What key mistakes to avoid in order to earn a consistent and dependable monthly income.
  • How to live a dream lifestyle with less work, less stress, more money and more freedom!
Special Offer,
Register Today!

Regular Price: $797
Tampa REIA Members: FREE*
Non-Members:
    Register before Nov 13th: $297
    After Nov 12th: $497

Register Before Seats Are Gone!

This is a special opportunity for 60 Tampa REIA Members Only. Seating is very limited and will fill up fast.
Register Now to Reserve Your Seat!

Learn The Closely Guarded Strategies Of The Top 1% Of Passive Income Investors!

Yes, there is a secret way to wealth. At this event you’ll discover what most will never know about creating passive income.

This is your opportunity to gain the strategies, skills, resources, and tools for building passive monthly cash flow into your business. Follow this formula to create a fortress around your family’s financial future today… and for years to come!

See a Preview of The Wealthy Code Training

Your Bonuses for Attending
The Wealthy Code Workshop

The Wealthy CodeThe Wealthy Code Book ($15 value)
You will receive a complimentary copy of “The Wealthy Code”, a book which is a story of how a very wealthy man shared with the author the practical secrets to becoming wealthy. The story reveals the code the wealthy use and unveils the details of the code. It allows readers to understand wealth, to build wealth, and ultimately, to become wealthy. This simple, easy-to-understand book walks the reader through advanced and powerful concepts that can help you become wealthy.

The Wealthy CodeThe Class Workbook ($297 value)
All attendees of the Wealthy Code Workshop get a copy of the Wealthy Code Training Workbook to use in class. The workbook contains formulas, calculations, problems, answers and examples used in class. You’ll get to complete the workbook in class and use it over and over again when needed.

The Wealthy CodeThe Wealthy Code Calculators on USB Flash Drive
In addition to the class workbook, all attendees of the Wealthy Code Workshop get a USB flash drive that contains all the Wealthy Code formulas and calculators that you will need to analyze deals and construct offers in class, at home and in the field.

The Wealthy CodeWealthy Code Graduation T-Shirt
Also, every one who attends the Wealthy Code Workshop, shows up on time and stays until the end for both days, and participates in all all the in class activities will get a Wealthy Code Graduation T-Shirt upon successful completion of the training.

Seating is VERY Limited! Register Today!

Paul RossanoThis training is presented by Paul Rossano, who has been involved in real estate for the past 15 years. He has bought and sold dozens of properties and has been involved in hundreds of transactions on both the residential and commercial side of the business as both an investor and a broker. Paul is now a lead trainer for MPactWealth. Paul’s mission is to share his vast knowledge and experience with others to help them achieve the level of success and freedom they desire and deserve.

Register Now!

*PLEASE NOTE: This event is FREE, is limited to 60 attendees and will fill up quickly. However, there is a $25 reservation fee to hold your seat that is 100% refundable if you show up on time, attend both full days and stay to the very end of the event. There will be absolutely no refunds for no shows, late arrivals or those who leave early. No exceptions. Please do not show up late or you may not be allowed in to the event. Date, Time & Location are subject to change.

What Others Are Saying About The Wealthy Code

Important Info for those who registered for the Wealthy Code:

Date & Time:

Saturday, November 7th – Registration 8:00am to 8:30am; Workshop 8:30am to 7:00pm

Sunday, November 7th – 8:30am to 7:00pm

Location: Doubletree Suites Tampa Bay, 3050 North Rocky Point Dr West,Tampa, FL

WARNING: DUE TO THE ADVANCED NATURE OF THIS TRAINING NOBODY WILL BE ADMITTED AFTER IT BEGINS, SO PLEASE BE ON TIME!

Here’s what you need to do:

  • Read “The Wealthy Code” book

And here’s what you need to bring:

  • Fully charged laptop
  • Light jacket
  • Business cards
See Tampa REIA Events Calendar for More Events!

Paul Rossano

Posted on August 20, 2015 by

Paul RossanoAfter graduating from Florida Southern College with a degree in finance, Paul Rossano returned to his home town in the suburbs of New York City where he immediately entered the world of real estate. Throughout his 15 year career as an investor and broker, Paul has bought and sold dozens of properties and been involved in hundreds transaction on both the residential and commercial side of the business.

Paul is a devoted student and teacher of success, and embraces a philosophy of constant and never-ending improvement in all areas of life. Now a lead trainer for MPactWealth (recognized by Inc. 500), Paul’s mission is to share his vast knowledge and experience with others to help them achieve the level of success and freedom they desire and deserve.

Beach REIA Meets August 20, 2015

Posted on August 20, 2015 by
Thurs, August 20th at 6:30PM – Madeira Beach
Beach REIA – August 20th
Sunset, Investor Networking, Making Money & Doing Deals

Let’s Meetup at our NEW LOCATION
Hooters, 192 Boardwalk Pl E, Madeira Beach, FL

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members & Guests, Please RSVP on Meetup.com

Rex Gaugh, Courtney Larsen, & Mark LepzinskiCome join your fellow real estate investors in a fun networking atmosphere at the Beach REIA! We meet on the 3rd Thursday of each month at 6:30PM at Hooters located at 192 Boardwalk Pl E, Madeira Beach, FL Hooters is an awesome waterfront restaurant right on the other side of John’s Pass as Gator’s, and is also on the beach, which still makes for a great sunset backdrop during the meeting while networking and doing business!

Our goal is to get the Real Estate Investing community together in a fun setting where we can discuss opportunities, ideas, brainstorm, network, and figure out additional ways to help each other make more money investing in real estate. There is no fee to attend. Everyone is welcome!

So come on out and network with us and let’s have a good time and talk about deals! Bring your deals and business opportunities to discuss.

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members & Guests, Please RSVP on Meetup.com

See Tampa REIA Events Calendar for More Events!

Shaun McCloskeyA Lifeonaire is someone who is full of life. Many people equate living life to the fullest with their financial means to do so; they think that having more money will automatically enhance their lives. At the root of a desire for money is actually the desire for what people think money will give them: a greater quality of life. That focus typically results in the opposite of the goal, causing people to funnel their energy into earning more money rather than living an incredible life.

When someone is very “successful” in their career and spending a lot of time making a lot of money, often times they never really get around to experiencing the fullness of life for which they are working so hard. This is evidenced by the broken families, damaged friendships, forgotten hobbies and interests, crumbling marriages and troubled children that result from neglect – all because their primary focus is on being more financially successful.

The first step to becoming a Lifeonaire is to determine what you want your life to look like. (Creating a Lifeonaire vision) Believe it or not, 98% (or more) of people don’t know specifically what they want their lives to look like. Most everyone says they do, but very few people have any amount of specificity to their answer, nor have they taken the time to put it in writing. Instead, what they know is that they don’t like the way it currently is, and they mistakenly believe that more money will be the solution. This first step is critical, since your Lifeonaire vision will become the foundation that subsequent actions will build upon. Read More→

What is a Lifeonaire?

Posted on August 12, 2015 by

Shaun McCloskeyA Lifeonaire is someone who is full of life. Many people equate living life to the fullest with their financial means to do so; they think that having more money will automatically enhance their lives. At the root of a desire for money is actually the desire for what people think money will give them: a greater quality of life. That focus typically results in the opposite of the goal, causing people to funnel their energy into earning more money rather than living an incredible life.

When someone is very “successful” in their career and spending a lot of time making a lot of money, often times they never really get around to experiencing the fullness of life for which they are working so hard. This is evidenced by the broken families, damaged friendships, forgotten hobbies and interests, crumbling marriages and troubled children that result from neglect – all because their primary focus is on being more financially successful.

The first step to becoming a Lifeonaire is to determine what you want your life to look like. (Creating a Lifeonaire vision) Believe it or not, 98% (or more) of people don’t know specifically what they want their lives to look like. Most everyone says they do, but very few people have any amount of specificity to their answer, nor have they taken the time to put it in writing. Instead, what they know is that they don’t like the way it currently is, and they mistakenly believe that more money will be the solution. This first step is critical, since your Lifeonaire vision will become the foundation that subsequent actions will build upon. Read More→

The Profit August 2015 Edition

Posted on August 10, 2015 by
The Profit Newsletter for Tampa REIA August 2015
Download the August 2015 Edition of The Profit Newsletter Now!

The Profit - August 2015 - High Quality PDFThe August 2015 edition of The Profit Newsletter is now available for download as a High Quality PDF (print quality) or Low Res PDF for mobile devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for serious real estate investors delivered as an Adobe PDF file to read on your computer, tablet, or smart phone with a PDF reader. Many of the articles and ads in The Profit contain hyperlinks you can click to get more information online. The high res version of The Profit is “print ready”while the low res version august load faster on your mobile device. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.

Download Now!
High Quality PDF / Low Res PDF
See The Profit Archives for our past editions.

Is the Road to Success Easy?

Posted on August 10, 2015 by

Shaun McCloskeyWhen I hear someone say that success is easy, it always raises my BS sensors. It really concerns me when someone says this, but then I have to look at myself because I say this as well. The difference is, I really mean it. But in order for success to become easy, you’re going to have to play a different game than most.

I’m not suggesting that becoming successful requires no work and that there are no struggles, but when I say that The Road to Success is Easy, I’m suggesting that when someone has a plan and they follow it, that success is attainable to all, and it can be done in a relatively short period of time.

We live in a world in which we idolize success and as a result we pursue it with all that we have. As a culture we have defined success as having a lot of money. We want it so badly that we look for shortcuts, we’ll compromise our values, and we’ll tear down things that are important to us in order to attain it. We’ll go into debt. We’ll buy things we don’t need to impress people we don’t care about. What we all really want is life. We want freedom. We want to be able to spend time doing and experiencing the things in life that provide the most fulfillment, however, most of us today have given up any hopes of this life in pursuit of the almighty dollar.

What we teach at Lifeonaire is that if we will simply follow a plan, that success is easy. It’s an easy road. What we have found is that the world around us is pursuing success every other way, that what makes pursuing the path to success difficult is that we have to go against the grain and do things differently than those around us. The path is easy, but getting to the right path and living and doing things differently than others around us is the challenge. Read More→

Flyp My Phone

Posted on August 10, 2015 by

“The secret to multitasking is that it isn’t actually multitasking. It’s just extreme focus and organization.” ~ Joss Whedon

Have you ever watched a really good store manager while she works? It’s incredible! She can handle two or three customers at once, answer the phone three times while she’s at it, and approve a couple check transactions at the same time. And when you compliment her on her talent, she just shrugs and says, “I’m a multitasker.”

A few years ago, businesses were all about multitasking. Employers wanted people who could multitask. With life moving faster all the time, all of us have learned to do it to some extent. But experts now believe that multitasking isn’t really all that productive or efficient. For a lot of us, multitasking just means we do a bunch of things at once, but we don’t do any of them very well. I don’t know about you, but I’ll never be able to do what that store manager does.

So it turns out that it’s better to focus on one thing at a time. But this doesn’t fit too well with modern life. Between home, work, school, church, and hockey, it’s a wonder we ever get anything done at all.

Luckily, I don’t have to multitask anymore, because my cellphone does it for me. I can hardly remember anymore what life was like before I had an iPhone. I used to say that having a cellphone was a good idea, but not an absolute necessity. Well, it’s sure a necessity now. Read More→

Marketing in a High Demand Market

Posted on August 10, 2015 by

You may have heard the news that the real estate market is improving throughout the USA. While in some areas, the market improvement is steady, some markets are just hot! An interesting observation we have noticed is that private sellers in particular hear the news on Fox, CNN, CBS, etc. and immediately think their property is worth what it was in 2007 at the peak. The idea of gradual appreciation seems to escape a significant number of them as it seems at every corner everyone is saying sell! Even banks are selling REO’s at or near full retail value…before rehab!

In the midst of this, you may be hearing the phrase ‘limited inventory’ or ‘fierce competition’. And depending on your market, there is probably some truth to this. More agents are coming back on the scene. Real Estate gurus are selling Wholesale courses like M&M’s at the grocery store about how easy it is to be rich tomorrow. They all have some kind of ‘secret’ message to get deals flowing in to everyone. However, if you sell it to everyone, how is it a secret at that point?

So what is a wholesaler to do? Read More→

Setting the RIGHT Goals

Posted on August 10, 2015 by

Improper goal setting can really hurt your business. Proper goal setting can make you rich. This is a concept that I see most new investors and real estate business owners learn the hard way. If you don’t know how to set proper goals for yourself then you are very unlikely to obtain any goal. In this article I will help you to learn the art of goal setting.

Whenever I begin mentoring a new student or business client I always start by having them submit their goals. I am actually more interested to see how this person sets goals more than the goals themselves. Most people will set goals based on what they want with little knowledge of what it takes to accomplish those goals. Understanding the requirements of the goals we set will greatly help us achieve them.

I follow a similar process for goal setting that the U.S. military follows. It’s called “Backward Planning Process”. Basically I decide where I want to be. What is my end goal? Once I know exactly where I am trying to go, I work backwards from that point. For example if I want to buy an apartment complex I start working backward with questions like this… Read More→

The rental business can be very lucrative for the real estate investor. It can also be a pain in the neck. The trick to an effective rental business is the management. We have many rentals as a part of our real estate investment business and we have always said that managing tenants is like raising another set of children unless you do it correctly.

The first thing you should do is to decide if you are going to manage your properties yourself or if you are going to have someone else do it for you. There are ways to automate these systems either way and I will discuss both. You just need to choose the system that works the best for your own needs.

You can use a property management company and run your rental business pretty much hands-off. Just remember that there are costs involved in doing it this way and you don’t have as much control. If you do choose to work with a property management company check references before doing so. In the beginning, keep a closer tab on what’s going on with your properties. Some property management companies are definitely better than others and some will take better care of your properties than others.

When using a property management company who is going to place tenants in your properties, make sure they are using a reputable tenant check company and make sure you look at the applications and tenant check reports of prospective tenants before they are placed in your property until you are sure that you and the management company are “on the same page” regarding the tenant requirements you want for your properties. Make sure your property management company understands your personal parameters when placing tenants in your properties. Read More→

Mailing for Dollars

Posted on August 10, 2015 by

My students always ask me “How many letters do we have to mail in order to get a deal?” Before I answer, I want to state that the #1 reason a Seller sells their house for less is because they are motivated. An unmotivated Seller will not take less for their house, as they are not in a hurry to sell. Let me clarify the situations that make a Seller motivated:

  1. Property is upside down – they owe more than it is worth.
  2. Property taxes have increased and they can’t afford to pay them.
  3. Mortgage interest rate(s) adjusted to a higher payment that they cannot afford.
  4. Job Relocation and they can’t sell the house fast enough.
  5. Divorce or Separation will send individuals into foreclosure because they depended on two incomes.
  6. Job loss or reduction in their income.
  7. Bankruptcy – For most people who are upside down on their bills, it also includes their house payment. It is important to know whether or not your Seller is in bankruptcy or planning on it. No transfer of a property can be done while the Seller is in bankruptcy.
  8. Retirement causes a reduction in income.
  9. Insurance rates have been increased and they can’t afford the insurance.
  10. Illness, Permanent Disability or the Death of Spouse/Family Member causes individuals to get behind on their payments.
  11. Exhausted Landlords – Most of the time, the Landlords had great credit but the Tenants won’t pay and the Landlord may have used up all of their financial reserves.
  12. Economic and Functional Obsolescence The Seller may own a residential property, but it’s located in a commercial district. The floor plan of the house is old and chopped up.
  13. Business or Partnerships failing
  14. Vacant House

Read More→

I’ve been in a few businesses in my life, still have a few and probably will until I check into the nursing home, and maybe even after.

When comparing buying and selling houses to other businesses, the contrast is so big, sometimes I wonder what the world would be like if all small business owners were exposed to my training before they opened their businesses.

Let’s take a look and compare to my restaurant.

You can start real estate immediately with no money, no credit and no risk and expect to make a profit within the first month or two.

The restaurant required several months looking for a location I had to build out. Then, I signed a long lease with a $7,500 deposit (albeit non-recourse). Then it took 10 months and several hundred thousand dollars to get it opened and a massive amount of my time. As to the profit…it’s been a serious negative and will take many more months to break even. Then we’ll discuss a profit, maybe.

Your real estate business has no employees, only a virtual assistant or two. That means no payroll alligator to suck you dry and no employees to manage or account for and no regulations strangling the life out of your business. Read More→

How Many Leads Do You Need?

Posted on August 10, 2015 by

How many times does your phone need to ring to make a deal? Well, the more rings you have, the more possibilities there are, right? But here is the catch: you don’t want just any calls. You want quality calls. It doesn’t matter how many calls you get if they aren’t ones that are going to lead to getting paid.

You may have heard real estate gurus telling you how to get that phone to ring. But I can show you how to get the phone to ring so that when you answer, you’ll have a potential good deal on the other end.

First, quality calls will decrease your overhead. I typically spend $1000 per closing on marketing. In the past, I bought the latest in high tech products which were supposed to send me 10 leads per day. The problem was that, while the leads were plentiful, the number that actually worked was less than I wanted.

You see, I want to make the time that I spend worth it. I want sellers who call me so ready to sell that I can barely finish saying, “Hi, this is Russ. How may I help you?” And I want them to say, ” I heard you were the best in the Atlanta area, you pay a fair price, you are respectful, and you do what you say you are going to do. I don’t care what you offer me, I will take it because I know you will be fair. I know you can close in 30 days. I trust you.”

How can YOU get these kinds of calls? I’m about to tell you. Read More→

What To Do When Sales Start To Slow

Posted on August 10, 2015 by

All good real estate investors know the valuation of their deals is key to insuring success and projected profits. Since late 2013 transactions in numerous market areas have seen strong sales activity. But what to do when transactions start to slow? All the market areas covered by REIComps, insure when sales changes happen you are not caught off guard.

Last week, we began seeing a number of Support Tickets asking the question, “My retail sale properties aren’t getting multiple offers any more. What am I doing wrong? Equally, we have seen tickets which ask, “Several of our current units for sale in the same area where they have sold in less than two weeks aren’t getting showings”.

Truly, essentially these are the same question, but we had to dig deeper from a valuation perspective. Remember, when we “buy right” typically we can drive the market selling slightly lower. Or in some cases due to sound acquisition, an investor is able to improve a dwelling insuring that buyers can’t wait to make an offer. Read More→

Many of us are aware of the potential for real estate to function within our portfolio. Not only do we believe in real estate as an investment, but we know that over time, it tends to go up in value – there is, after all, only so much land to go around! But what happens when you incorporate real estate into your retirement portfolio? Do the rules change when you’re running a Real Estate IRA?

Truthfully, many of the same principles of real estate hold true when you’re investing in real estate from within a Real Estate IRA. But that doesn’t mean there aren’t some other things to be aware of – this is, after all, a different type of investment account.

Even so, you’ll find that investing in real estate through a Real Estate IRA isn’t only intuitive, but can be just as intuitive as investing in real estate from a “general investment” perspective. We’ve put together three “Golden Rules” here to not only demonstrate some of the similarities but some of the differences in investing in real estate for short-term growth and investing in real estate for retirement: Read More→

This month I believe what I will be sharing with you can be very important to you financially as well as to build your financial freedom faster and easier. Last month I questioned why all of the so-called Guru’s are pitching how everyone should be wholesaling properties to build wealth. From my own experience as I said last month, if all you do is wholesale deals you have a job. This month I want to explain what I have experienced over the years doing this type of deal and what I have learned that keeps my buyers clamoring for more deals on a continual basis. The reason I decided to write about this subject is because without the practical knowledge of how to structure your wholesale deals, it is going to be more difficult to pass those deals along to other investors. I hope this information will open your eyes to the real world and what it takes to be more profitable.

Last month I left off by saying, if you always pay too much for the properties you wholesale, the seasoned investors aren’t going to be interested in the properties you find and you will be forced to sell or assign the purchase agreement to other people who don’t know what they should pay. This is because those people don’t really understand how to figure the numbers and once they do figure out they paid too much, it only stands to reason that they won’t want to buy more properties from you. Once word gets out you are asking too much and it will be assumed you don’t know what you are doing and investors will avoid you like the plague. Everyone wants to make an adequate profit from every deal they do or they won’t do the deal. You must realize that there are other ways to profit from real estate other than being a wholesaler. Read More→

Ok, I admit it. I use four-letter words. A lot. Some of these four-letter words are the kind you may not like to hear if you’re a fine, upstanding person of high moral fiber. Oh well.

The OTHER four-letter words I use are awesome, and if you know how to utilize them properly, they can make you super RICH! Best of all, you can say THESE four-letter words in ANY crowd, around anyone, without having to worry about getting slapped or getting the evil eye.

So, without any further delay, I’d like to share a short list of some of my favorite four-letter words that can make you rich & are safe to say around women, kids, and Baptists. ;)

I’ll also present these words in a way that mostly applies to real estate, but I promise you that what you’re about to learn here will apply to ALL areas of your life where you want to have success!

FAIR enough? (hey! That was a four-letter word already!) Here we go…

The first word on the list is an F-Word: FLIP. Read More→

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