Real Estate Investing is like hunting for the Gold and Silver Eggs!

Real Estate Investing is like hunting for the Gold and Silver Eggs!

.....This is the time of year that takes me back to when I was young and would go to the Easter egg hunt at our local school's football field. We would all line up on the goal line and eggs were placed all over the 100 yard field. If you were on the field and ready to go chances were good you might get something. As you navigated your way through the over grown grass you would see very colorful eggs through-out the field. There were plenty of blue, red, yellow, orange, pink and purple eggs but the eggs that you wanted to get were the GOLD and SILVER eggs. These were the best eggs because they had the best prizes.

I believe real estate investing can be the same process as you are out and about on your next "hunt". When I canvass my target market areas there are many deals, several good deals but only a few truly great deals. The great deals are the gold and silver deals that you want. If you buy real estate at the right price by locking up a tremendous deal, you have more opportunities as what you can do with that deal. The key is to find that awesome deal or create that awesome deal by making offers.

Many people have heard the expression "you make money from real estate when you buy not when you sell." All this means is if you buy right, you can make money on the deal now or in the future. If a deal cash flows, the more cash flow it generates the better the deal. So with Spring being in the air, GO FOR THE GOLD and spring into action! Good luck in your pursuit of that next deal. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Property eggs!

Hunting these Silver and Gold property eggs is an acquired skill! You have to learn not to pick up the gold and silver colored eggs. Only the solid silver and gold eggs. The only way to become a good little egg hunter is to get out of your house and into the yard and start looking.

Michael Mangham
MD Home Acquisitions LLC

__________________

Knowledge is power, but execution trumps knowledge. Tony Robbins

http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site


Joe,

It is so true that as you look and comapre deals having the vision to see what others do not can often uncover those real gems. As one may not sure what they are looking for, they may not know when they actually find it. So it is always important to have a good feel of your target area and the real gold and silver gems will become more visible with time and the investor's knowledge of the area. Carpe Diem! :0) - Stacey

__________________

YOU TUBE CHANNEL - Follow Joe on his You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA


JOE

Hi Joe and thanks for your words of wisdom. I have been reading your posts for some time and I totally admire where you are now. I hope you don't mind a question...

In the process of marketing for leads, I got a call from a r.e. lawyer with a 4-family that is fully occupied; cash flow is $2200.00/ month. He owes $130k on the refi and would like to make a little more. But where I have been going for comps says comps are 92k-120k, and some of them are a year old. How can this be a gold or silver egg?? I believe it is in there somewhere but I'm not possessing the knowledge to know how to structure the offer. Any advice? Keep those pearls of wisdom coming...we need all the help we can get to get to the next level. Smiling

Ogal

__________________

"Only those who can see the invisible can accomplish the impossible"
Patrick Snow
"Instead of using your words to describe your situation, use your words to change your situation" Joel Osteen


Ogal,

....Each potential deal can be a golden or silver deal if you get the property at the right price. Sometimes deals are created from the offers you make. With this 4 unit if the comps are $92k to $120k then this may not be a golden deal if you have to pay in excess of $130k. The key is to get a deal where you have instant equity when you buy the proeprty. For example if you got htis 4 unit for $75k or less that could be a great deal. If you pay FMV, it does not have any instant equity. I hope this helpss. Good luck and keep searching for that next deal. You can do it. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Joe's Answer

Joe thanks for taking the time to answer me... I will keep looking!! Believe it!

Ogal

__________________

"Only those who can see the invisible can accomplish the impossible"
Patrick Snow
"Instead of using your words to describe your situation, use your words to change your situation" Joel Osteen