Working Rehabs
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Good Morning Friends,
I know that I have not written a blog in a while so, today I will attempt one.
We have been working like dogs on the newest rehab (the fishing house). I took a week of vacation time and stayed there working plus, every weekend since we closed. I must focus on what has been completed and not think about how much more there is to be done.
The two biggest items are now completed: the tear off of the old addition, the rebuilding of the addition and a brand new roof over the entire... continue reading >>
Bull Crap
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The market's in the toilet. I can't get into real estate right now........Bull Crap!
Take some Action!!
Everyone is looking for a magic pill but, success and financial security doesn't come in a pill or a 5,000 dollar guru manual. It takes hard work, commitment and dedication. Anyone that claims they have the get rich now course is lying to you. Don't buy their stuff. There is nothing that you can do that makes you wealthy if you don't invest time and work.
There is no course that is going to give you the secret answer when it comes to... continue reading >>
Good Debt -vs- Bad Debt
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What Is The Difference Between Good Debt and Bad Debt? Many of us have heard these terms repeatedly, but what do they really mean? This concept is actually a fairly simple one, once you get the hang of it. Here is the most basic definition: Good Debt: debt that is putting money INTO your pockets. Bad Debt: debt that is taking money OUT of your pockets. Too simple to be true? Well, let’s examine the basics of this concept first. Many people are quite attached to what their parents, and their parents’ parents have taught them, and this is a... continue reading >>Networking is Great!
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Let's Network REI -
By networking with others, you are benefiting in two ways: 1) you are introducing your product or service to another and 2) you are being introduced to others who offer products and services that you may someday require. Additionally, many people use networking to form partnerships or alliances in business. It is a great way to meet like-minded people with the same goals. Networking is a true win-win situation.
Before the Internet, networking was almost all done face to face. With today's technology networking can be done virtually without having to leave the... continue reading >>
Never give Up!
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Pinned to the wall I have two quotes that I try to read everyday perhaps you may want to pin them on your wall, too. "Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. " -- Thomas Edison -- "There is no justice. I may be the victim of many unfortunate circumstances in life of which I have no control over. Regardless, I will not make excuses. I will not whine and complain. I will not feel sorry for myself. No!Instead, I will find solutions! I... continue reading >>
Get Out There
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Get Out There! Worried whether this is a good time to buy or not? Confused because the Media claims this is the worst Real Estate recession in U.S. History? Even though most novice investors may want to read that this is not a good time to buy or that the Media is correct and the worst is yet to come, for the simple satisfaction of having a reason not to begin their career as a real estate investor, the real answer is that you should go out and BUY NOW!The reality is that beginning investors are so afraid... continue reading >>
Have No Regrets
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Investors,
Learn something everyday, work hard to increase your knowledge so, you can invest in more property.
Work hard on your rehab projects, make the homes you do the best in town.
Keep your rental properties just a little bit better the rest in town, take pride knowing your tenants will take pride in the home they live in.
Always remember why it is that you are working so very hard in your business. Stop and smell the roses.
I want to share a poem with you:
If I knew it would be the last time
That... continue reading >>
Build a better credit report part 2
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Improving your credit report
Under the FRCA, both the consumer reporting company and the information provider (the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights under the FCRA, contact the consumer reporting company and the information provider if you see inaccurate or incomplete information.
1. Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies (not originals) of documents that support your position. In addition to providing your complete name... continue reading >>
Build a better credit report part 1
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If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. When you start your business model for real estate investing, start by improving your personal credit yourself then, build your business credit.
This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you've been sued or arrested, or have filed for bankruptcy.
Consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use... continue reading >>
Rehab Updates
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Good Morning REI!
Thought I would give you a quick little update on some of the rehab projects we have going on at this time.
Bang-Bang! Rock On!
Elm Street rehab 100% complete - SOLD in less than 7 days- Retail!
Pine Street rehab 70% complete - Have people (buyers) coming by to see the home and asking when we will be done - Wow, who says there is a housing bust?
Boomer Road 60% complete - on going improvements, electrical done, plumbing done, next is the HVAC next week..........
Route 1 Box 117 (the newest one) I think we... continue reading >>