You can never have enough resources for quickly estimating the cost of repairs and upgrades. In my Lab I give you my estimated costs based on prior deals and build it into an Excel spreadsheet that includes formulas for properly estimating the right price to pay.
We then go in the field and estimate a live deal, [...]
Monthly Archives: July 2009
Repair Cost Estimates
July 1, 2009 – 1:11 pm
Three Questions for Lifelong Happiness
July 1, 2009 – 11:46 am
You already have everything you need to create a wonderful life for yourself. You know everything you need to know to be your own best friend, a gentle guide, a teacher and a helper to yourself so you can be truly happy and fulfilled.
You can learn how to become your own psychotherapist for life, and [...]
The Subtlety of Language
July 1, 2009 – 11:44 am
I have found that sometimes the subtle difference in our attitude, which of course can make a major difference in our future, can be as simple as the language we use. For example, making a difference in how you talk to yourself or others or consciously making a decision to quit saying what you don’t [...]
Get the Rent on Time Every Time
July 1, 2009 – 11:43 am
Getting the rent on time is the top priority for landlords. An automated payment system is the best way to accomplish that goal.
In fact, many property managers insist on it.Â
The benefits to the landlord are easy to understand:Â stability in cash flow means you pay your mortgage on time.Â
If you think selling the service to [...]
Senate Bill HR 1728 Will Crush Seller Financing Take Action Now
July 1, 2009 – 11:42 am
Please read the information below regarding an urgent Bill that has been passed by the House and is being considered in the Senate. You must take action NOW, as this will impact all of us!
Dear Fellow Speaker,
I don’t know if you’ve heard about HR 1728, but it’s a heinous infringement on private property rights that [...]
Despite Foreclosures, Housing Markets Bump Along Bottom, Head Upward in Some Places
July 1, 2009 – 11:40 am
While President Obama, Congress, and the American people debate financial regulatory reform, foreclosures continue to mount as embattled housing markets bump along the bottom.
But amid much talk about problems, many areas of the country are now experiencing rebounds–with declining foreclosures–increased home sales and even increased average sale prices, according to ForeclosureS.com, a leading real estate [...]
If I Lose My Home in Foreclosure, Am I Still Liable for the Debt?
July 1, 2009 – 11:39 am
Unfortunately, many homeowners these days are finding that their homes are worth less than the amount owed on them. Naturally, they eventually find themselves asking, “If I lose my house to foreclosure, am I still liable for the remainder of the mortgage?” Let’s take a closer look at this commonly asked question.
The following is a [...]
IRS Says You Must Get Independent Contractor Agreements In Writing
July 1, 2009 – 11:37 am
How many times have you heard that a verbal contract is just as good as the paper it’s written on? In other words, a verbal contract is not worth much. Well, the IRS is proving that’s certainly the case when it comes to people you might hire to work in your home or on your [...]
What I Know for Sure
July 1, 2009 – 11:36 am
Often times my coaching clients ask “what can you tell me; any words of wisdom?” This sometimes makes me feel like The Great and Powerful Oz (he he he). I will now attempt to pull back the curtain and tell you what I know for sure when it comes to real estate investing.
Invest in yourself [...]
How to Buy a HUD Home
July 1, 2009 – 11:34 am
The Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD) act as an insurance agency for banks, savings & loans and mortgage bankers who make real estate loans to buyers and investors. HUD/FHA does not make loans; they insure lenders against loss in the event of default.
HUD properties are sold [...]
