Everything Else

I know this doesn’t have a ton to do with actual real estate investing but found it interesting, and it did have to do with homes. So read through this and be careful. I hope you all have a very SAFE and Happy Holiday Season.

By Artemis DiBenedetto found in Consumer Reports
A trip to the emergency room is no way to spend the holidays yet last year 15,000 people were treated in the ER for decorating-related injuries during November and December. Such mishaps have been on the rise since, according to the Consumer Product Safety Commission. The holidays are also a busy time for fire departments responding to calls of blazes started by candles, faulty lights, and dried-out Christmas trees. Here are five surefire ways to ruin your holidays.

Fall while decking the halls

Calculating and understanding a cap rate is very importantto speculative buyers. These are buyers who are not looking to rehab a property, but are looking for a return on their investment. In my experience many speculative buyers are professionals such as doctors, lawyers dentists and such. They are looking for a place to make their money grow.

Here is a simple formula for calculating cap rate:

Monthly rent
Less monthly expenses
Equals net monthly rent
Multiply X 12
Equals net yearly income
Divided by purchase amount
Equals cap rate (or return for the year)

Dear All:

I have a Broker who wants an "Introduction Letter" from me on my company so he can present to the Seller. I'm stuck does anyone have a template that they are willing to share?

Thanks

Matt talks about breaking down things into goals we can handle.

Let's look at making $100,000 a year. That breaks down to $8300 a month.

That breaks down to two deals a month. Using the 25:1 formula we would make 50 offers per month.

If we take a day a week off from offers we would have 25 day a month to make our offers. That is two offers a day.

Dont't procrastinate. Get out two quality offers a day.

It works.

Well I know about reverse mortgages, but I didn't realize they would be sold on the market. I somehow thought that the bank gets the property in the end, but silly me as I didn't realize they wouldn't keep them. I guess the program is old enough that properties will now be on the market.

Well I put an offer out today, actually two, but the one came back saying they only accept full price as it is a reverse mortgage and that one also cannot assign these properties. I should have had a clue by the owners name of: Reverse mortgage solutions, LLC. Hmmm

I learned a long time ago that someone else may have a better way of doing something or accomplishing something. This does not make me wishy-washy or a man who lacks principles. It does make me realize that I do not know it all.

If you are new in this business, listen carefully to those you have gone down the road you are wanting to travel. Understand that you do not have to go in and reinvent to wheel. The system has been tried and found to be true. It may take some time, but if you are diligent you will be rewarded.

Learn. Ask questions. Do your best. You will win.

with spam lately.

Anybody know of one on this site that could help me on a deal? Thanks

In the process of learning everything, including my computer, have discovered that when I want to copy a blog, click on "quote." Then copy only the first page when it populates. That way the point made can be filed in a category for later use. I like it!

Who is the Short sale expert on here? Needing a little help with a deal. Thanks, Tammy