Hello fellow investors, and soon to be fellow investors! Doniel here showing you guys how to evaluate your deals/ rehabing properties for cash!
1st off when looking at a home to flip for cash,or distress property to flip for cash, same difference! You want to know what would the (ARV) would be....which simply means AFTER REPAIR VALUE, or what would the property sale for fixed up?
So for example purposes only let's say you found a home that's worth 180,000 dollars fixed up or ARV, but the home needs 37,000 dollars in repair work.... this is easy to figure out once you know the formula.... As an investor you only want to pay 70% - of the ARV-Repairs which is 37,000 dollars for example.
The math works like this 180,000 x 70%= 126,000-37,000= 89,000 which is what you can pay for this property!
Now you might ask well how and why do investors come up with this mathmatical formula? The answer to this is as investor you are looking for the discount we all love discounts,,.... it's just human nature!
If your new to realestate, you need a cushion of protection to secure your profits! Plan an simple. All investors use this formula to determine how much they can pay for a property! On the other hand some will even buy at 65% LTV which mean (Loan To Value)
If you don't use that you will not make any profit, and you will end up loosing money on all your deals if you don't follow this formula!
So now that we've established what you need to buy your deals at, now you need to do your home work on what the subject property would sale for after you've fixed the property to it's greatest potential....
Caution" don't over do it!! Or over fix the property.....
Now when it comes to doing your home work on the property theres a few things you could do.
1) Contact your locale realtor, and ask for a market evaluation on the property your looking at!
2) Do some online research like at www.realtor.com or www.zillow.com or google online realestate services!!
3) Drive by at nite to the subject property, see if the neighborhood is quiet,noisy,child friendly,or to see if there are any Arated schools by the property, becasuse if your going to invest in the property these attributes are a must know.
Are you starting to get the picture. Do your homework. Before you make a dime in realesate you must educate yourself to the fullest and take it serious!
WATCH OUT FOR MORE INFORMATION ON REALESTATE
Wednesday, June 17, 2009
Sunday, May 3, 2009
Flipping Houses
Part of flipping a house is educating yourself as much as possible! Some of the Big time Guru’s don’t emphasize this that much! Well I’m going to. When getting involved in realestate one of the most important things to do is start out reading some updated material! I always read just about every book about realestate investing learning the best techniques. Stay humble because no one has all the answers out there. Were all still growing in knowledge everyday in regards to realestate! Yes even the millionairs and billionaires are still learning everyday on how to be more creative on a realestate deal or transaction! They will even tell you this in their own books and blogs!
To flip houses successfully understand your going to make mistakes in the game,but that’s ok, because that’s how you learn! On a lighter note hopefully that mistake want put you in a deep HOLE somewhere financially. Any one one who is someone making money in realestate has made allot of mistakes,and that’s excatly why these big Names that you see like Donald Trump, Armondo Marlogo A&E STAR, even Robert T Kiosaki, is flipping realestate, and making money in that arena. We can all learn from these guys.
So part of your learning is going to be READING about realestate, more specifically HOW TO Realestates books!
Short Sales
Forclosure
Option Contracts
Auctions, and how to buy realestate with no money down and make a huge profit doing it! Thats where it starts.
My other suggestion would be to join a REALESTATE CLUB. These types of individuals stay very active and do deals evryday. FIND OUT WHAT THEY DO, and how they do it, and why they do it! This information a lone is priceless. You will want to connect with these individuals and get close with them. Ask them questions on what they do with realestate,ask what books would they recomend to further your knowledge.
Be a participant at these clubs. I for one was never the type of guy to sit in front of my class, buy when I go to these clubs I make sure I’m the first guy there. I also wanna make sure that I’m taking notes,good notes. This is key to your success!
Not trying to brag or anything, but I made 5,000 dollars last month! Now that’s not a big deal is it. Here is the big deal, I did that in 1hour. Yes folks in 1hours time! This is very typical in realestate.You ask any realestate guy that and they will tell you this! I got lazy last month and did not really push myself to make the money…..because of time restraints! LOL…. The money is there and the checks are there to if your willing to put the time into educating yourself about realestate.
One other thing don’t be afraid to make mistakes, this is how you learn,and eventually those mistakes will start paying you big money in the long run!
if you know someone in forclosure let me know I’m always looking for forclosures in any area, and always give a referel fee once I can close the deal!
Submit your forclosures here at 3doniel@gmail.com
Let me know as much details about the property as possible….
GOD BLESS YOU ALL!!!
Edit this entry.
To flip houses successfully understand your going to make mistakes in the game,but that’s ok, because that’s how you learn! On a lighter note hopefully that mistake want put you in a deep HOLE somewhere financially. Any one one who is someone making money in realestate has made allot of mistakes,and that’s excatly why these big Names that you see like Donald Trump, Armondo Marlogo A&E STAR, even Robert T Kiosaki, is flipping realestate, and making money in that arena. We can all learn from these guys.
So part of your learning is going to be READING about realestate, more specifically HOW TO Realestates books!
Short Sales
Forclosure
Option Contracts
Auctions, and how to buy realestate with no money down and make a huge profit doing it! Thats where it starts.
My other suggestion would be to join a REALESTATE CLUB. These types of individuals stay very active and do deals evryday. FIND OUT WHAT THEY DO, and how they do it, and why they do it! This information a lone is priceless. You will want to connect with these individuals and get close with them. Ask them questions on what they do with realestate,ask what books would they recomend to further your knowledge.
Be a participant at these clubs. I for one was never the type of guy to sit in front of my class, buy when I go to these clubs I make sure I’m the first guy there. I also wanna make sure that I’m taking notes,good notes. This is key to your success!
Not trying to brag or anything, but I made 5,000 dollars last month! Now that’s not a big deal is it. Here is the big deal, I did that in 1hour. Yes folks in 1hours time! This is very typical in realestate.You ask any realestate guy that and they will tell you this! I got lazy last month and did not really push myself to make the money…..because of time restraints! LOL…. The money is there and the checks are there to if your willing to put the time into educating yourself about realestate.
One other thing don’t be afraid to make mistakes, this is how you learn,and eventually those mistakes will start paying you big money in the long run!
if you know someone in forclosure let me know I’m always looking for forclosures in any area, and always give a referel fee once I can close the deal!
Submit your forclosures here at 3doniel@gmail.com
Let me know as much details about the property as possible….
GOD BLESS YOU ALL!!!
Edit this entry.
Friday, April 17, 2009
Buying Homes With No Money Down
Buying Homes With No Money Down
Can you really buy homes, with NO MONEY DOWN? Ofcourse you can! You see, now is the time to buy realestate. So many people are running scared and are dramactically upside down, in todays troubled economy! This is where a person can step in, and help the distress home owner out! So in essence you really can buy with No Money DOWN,right now! Before I began any further, let me explain. You see you are going to use Money for your realestate purchase or investment,but not your own. I’ve been helping people resolve there realestate issues for over 5 years, and made well over a million dollars doing it! In realestate there are so many different ways to get involved in it. So it boils down to,what type of realestate do you want to learn.
Lets talk about types of realestate to get involved in.
1.) Commercial
2.) Residential
3.) Land
4.) Forclosures
5.) R.E.O. (realestate owned or bank owned property’s)
6.) Whole Selling Realestate
7.) Assigning your realeate to an investor
8.) Bird Doging for distress properties
These are, a few ways to get involved in realestate. One other thing, there is also CREATIVE FINANCING REALESTATE! You see you don’t have to learn it all, but start with one way of doing realestate,and then increase your knowledge on the type of deals you would like to do. I oringinally started off as a Mortgage Broker, specializing in A,B,C and D Borrwers! I made great money as a broker, but I made allot of Money easier when I became a REALESTATE INVESTOR.
The mistakes I made along the way,was my best education on the subject of REALESTATE! What I learned as Mortgage Broker also help me to Understand how Banks quailify there borrowers! Once I learned this information it also helped me to make More income,almost at will! I will show anyone how to do realestate part time and make a full time income for FREE! You might ask why would I do something like that. It’s simple.
My reason is to take anyone who is willing,teachable,coachable,and can follow a few simple instructions,I’m willing to Fund your 1st few realestate transaction. Now the reason for that is quite simple, MORE MONEY FOR YOU AND ME! If your just starting out, or a seasoned investor we can work together and make money!
Send your info and tell me your experinces with realestate, or if you always wanted to get involved in realestate but don’t know where to start send your email here at 3doniel@gmail.com, or subscribe to this blog and watch for more updates on
HOW TO BUY REALESTATE WITH NO MONEY DOWN!
Can you really buy homes, with NO MONEY DOWN? Ofcourse you can! You see, now is the time to buy realestate. So many people are running scared and are dramactically upside down, in todays troubled economy! This is where a person can step in, and help the distress home owner out! So in essence you really can buy with No Money DOWN,right now! Before I began any further, let me explain. You see you are going to use Money for your realestate purchase or investment,but not your own. I’ve been helping people resolve there realestate issues for over 5 years, and made well over a million dollars doing it! In realestate there are so many different ways to get involved in it. So it boils down to,what type of realestate do you want to learn.
Lets talk about types of realestate to get involved in.
1.) Commercial
2.) Residential
3.) Land
4.) Forclosures
5.) R.E.O. (realestate owned or bank owned property’s)
6.) Whole Selling Realestate
7.) Assigning your realeate to an investor
8.) Bird Doging for distress properties
These are, a few ways to get involved in realestate. One other thing, there is also CREATIVE FINANCING REALESTATE! You see you don’t have to learn it all, but start with one way of doing realestate,and then increase your knowledge on the type of deals you would like to do. I oringinally started off as a Mortgage Broker, specializing in A,B,C and D Borrwers! I made great money as a broker, but I made allot of Money easier when I became a REALESTATE INVESTOR.
The mistakes I made along the way,was my best education on the subject of REALESTATE! What I learned as Mortgage Broker also help me to Understand how Banks quailify there borrowers! Once I learned this information it also helped me to make More income,almost at will! I will show anyone how to do realestate part time and make a full time income for FREE! You might ask why would I do something like that. It’s simple.
My reason is to take anyone who is willing,teachable,coachable,and can follow a few simple instructions,I’m willing to Fund your 1st few realestate transaction. Now the reason for that is quite simple, MORE MONEY FOR YOU AND ME! If your just starting out, or a seasoned investor we can work together and make money!
Send your info and tell me your experinces with realestate, or if you always wanted to get involved in realestate but don’t know where to start send your email here at 3doniel@gmail.com, or subscribe to this blog and watch for more updates on
HOW TO BUY REALESTATE WITH NO MONEY DOWN!
Thursday, April 16, 2009
Short Selling My Home
Short Selling is a procedure that banks allow a home owner to take, when there house is not worth what they paid for it 1 to 3 years ago! Home owners are having a very hard time selling there home at market value, because it's not worth the dollar amount. Even worse if a home in your neighbor hood with the same specs, 3 bedroom 2 bath, pool, tile roof ect ect, sold for 100,000 dollars less, then chances are, if you have a simular home, then your home has also dropped to that same dollar amount!
So the banks will allow home owners to sell there home short. This also depends on various factors! Lets take for example; if you lost your job, got sick, loss of 2nd income, death in your family, that causes you financial strain, or what ever your case is. These are all valid examples and reasons, that you can short sell your home! The most important reason to consider.
You fall behind on your mortgage payments, adjustable mortgage, or simply lost your job, and you don't won't to ruin your credit!!.
If you are considering a short sell on your home, then you must know how to speak short sellanesee to the banks. You see, the banks aren't going to believe your word. Why you might ask? Simple I say. It's because everyone uses the same sceniros every single day! So it's really hard for the bank to believe every sob story. Unfortunately, people out there are taking advantage. I mean can you blame them. If a person can get out of there problem mortgage, why not, If a person can save there credit from forclosure, that would be the best thing to do!
Back to the short sell process. This is a long tideous process, that is best done by professionals! Our team is commited to helping people short sell there homes at NO COST TO YOU! We work with all the lenders Nation Wide to resolve the ditress home owners, from there mortgage!
If we can't SHORT SELL YOUR HOME, we in many cases will attempt to remodify your monthly payment into a more affordable payment! Each situation is done case by case!
If you need our professional assistance on short selling your home we are here to help you.
Email us at shortsellmyhome@gmail.com Leave your name, home phone, your dollar amount paid for the home, property address, best time to call you for more information !
Short sells is the best opportunity for selling your home quickly!
So the banks will allow home owners to sell there home short. This also depends on various factors! Lets take for example; if you lost your job, got sick, loss of 2nd income, death in your family, that causes you financial strain, or what ever your case is. These are all valid examples and reasons, that you can short sell your home! The most important reason to consider.
You fall behind on your mortgage payments, adjustable mortgage, or simply lost your job, and you don't won't to ruin your credit!!.
If you are considering a short sell on your home, then you must know how to speak short sellanesee to the banks. You see, the banks aren't going to believe your word. Why you might ask? Simple I say. It's because everyone uses the same sceniros every single day! So it's really hard for the bank to believe every sob story. Unfortunately, people out there are taking advantage. I mean can you blame them. If a person can get out of there problem mortgage, why not, If a person can save there credit from forclosure, that would be the best thing to do!
Back to the short sell process. This is a long tideous process, that is best done by professionals! Our team is commited to helping people short sell there homes at NO COST TO YOU! We work with all the lenders Nation Wide to resolve the ditress home owners, from there mortgage!
If we can't SHORT SELL YOUR HOME, we in many cases will attempt to remodify your monthly payment into a more affordable payment! Each situation is done case by case!
If you need our professional assistance on short selling your home we are here to help you.
Email us at shortsellmyhome@gmail.com Leave your name, home phone, your dollar amount paid for the home, property address, best time to call you for more information !
Short sells is the best opportunity for selling your home quickly!
Sunday, March 29, 2009
Contracts & Buisness
The Elements of a Contract
Typically, in order to be enforceable, a contract must involve the following elements:
A "Meeting of the Minds" (Mutual Consent)
The parties to the contract have a mutual understanding of what the contract covers. For example, in a contract for the sale of a "Ford Truck", the buyer thinks he will obtain a truck and the seller believes he is contracting to sell a horse, there is no meeting of the minds and the contract will likely be held unenforceable.
Offer and Acceptance
The contract involves an offer (or more than one offer) to another party, who accepts the offer. For example, in a contract for the sale of a table, the seller may offer the table to the buyer for $1,000.00. The buyer's acceptance of that offer is a necessary part of creating a binding contract for the sale of the table.
Please note that a counter-offer is not an acceptance, and will typically be treated as a rejection of the offer. For example, if the buyer counter-offers to purchase the table for $800.00, that typically counts as a rejection of the original offer for sale. If the seller accepts the counter-offer, a contract may be completed. However, if the seller rejects the counter-offer, the buyer will not ordinarily be entitled to enforce the prior $1,000.00 price if the seller decides either to raise the price or to sell the table to somebody else.
Mutual Consideration (The mutual exchange of something of value)
In order to be valid, the parties to a contract must exchange something of value. In the case of the sale of a table, the buyer receives something of value in the form of the table, and the seller receives money.
While the validity of consideration may be subject to attack on the basis that it is illusory (e.g., one party receives only what the other party was already obligated to provide), or that there is a failure of consideration (e.g., the consideration received by one party is essentially worthless), these defenses will not let a party to a contract escape the consequences of bad negotiation. For example, if a seller enters into a contract to sell a table for $100, and later gets an offer from somebody else for $1,000, the seller can't revoke the contract on the basis that the table was worth a lot more than he bargained to receive.
If you are a person that owns a business, or does allot of business with contracts and needs unlimted document and contract review you should consider hiring us as your 24 hour legal team to help you make the best descions in your business ventures!
Typically, in order to be enforceable, a contract must involve the following elements:
A "Meeting of the Minds" (Mutual Consent)
The parties to the contract have a mutual understanding of what the contract covers. For example, in a contract for the sale of a "Ford Truck", the buyer thinks he will obtain a truck and the seller believes he is contracting to sell a horse, there is no meeting of the minds and the contract will likely be held unenforceable.
Offer and Acceptance
The contract involves an offer (or more than one offer) to another party, who accepts the offer. For example, in a contract for the sale of a table, the seller may offer the table to the buyer for $1,000.00. The buyer's acceptance of that offer is a necessary part of creating a binding contract for the sale of the table.
Please note that a counter-offer is not an acceptance, and will typically be treated as a rejection of the offer. For example, if the buyer counter-offers to purchase the table for $800.00, that typically counts as a rejection of the original offer for sale. If the seller accepts the counter-offer, a contract may be completed. However, if the seller rejects the counter-offer, the buyer will not ordinarily be entitled to enforce the prior $1,000.00 price if the seller decides either to raise the price or to sell the table to somebody else.
Mutual Consideration (The mutual exchange of something of value)
In order to be valid, the parties to a contract must exchange something of value. In the case of the sale of a table, the buyer receives something of value in the form of the table, and the seller receives money.
While the validity of consideration may be subject to attack on the basis that it is illusory (e.g., one party receives only what the other party was already obligated to provide), or that there is a failure of consideration (e.g., the consideration received by one party is essentially worthless), these defenses will not let a party to a contract escape the consequences of bad negotiation. For example, if a seller enters into a contract to sell a table for $100, and later gets an offer from somebody else for $1,000, the seller can't revoke the contract on the basis that the table was worth a lot more than he bargained to receive.
If you are a person that owns a business, or does allot of business with contracts and needs unlimted document and contract review you should consider hiring us as your 24 hour legal team to help you make the best descions in your business ventures!
Sunday, March 22, 2009
Pre-Paid Legal Services
Prepaid legal services are allowing average Americans to protect themselves legally by providing access to top lawyers and law professionals for just pennies a day. Instead of being denied legal help because of prohibitive legal fees, a prepaid legal plan allows average middle class and working class people to make small monthly payments – usually less than $1/day - and still get to speak with some of the top law firms and their lawyers in every state for most of their legal help.The idea is similar to healthcare, dental programs and life, home or auto insurance.
http://talk2alawyer.com
Pre-paid legal plans require a monthly payment even if no service is needed to remain in good standing and have access when needed – even just to fight a speeding ticket in a local municipal law court!The largest and most popular prepaid legal company offering prepaid legal service plans is the publicly traded, debt free corporation from Oklahoma: Pre-Paid Legal Services, Inc. This New York Stock Exchange member was formed back in 1972 and has become the pre-eminent prepaid law network available to average people in the US and Canada. Utilizing the top legal firms in the country in every state based on stringent guidelines and performance, Pre-paid Legal Services, Inc offers comprehensive family plans that cover a broad range of preventive and litigation-related legal expenses which most people need but without a prepaid plan can’t afford. In addition, Pre-paid Legal also offers specialized legal service products and plans for small business owners, professionals, truck drivers, law enforcement, and educators.
I have personally used Prepaid Legal, Inc for 2 years and have saved thousands of dollars and had legal experts assist me with reviewing business contracts, writing cease and desist letters for copyright infringement, breech of contract letter ultimatums, and even traffic tickets and immigration questions. Living in South Florida I got access to competent knowledgeable lawyers (there are over 100,000 lawyers within the prepaid network to assist you in every state!). Instead of worrying about BIG LEGAL COST,as a pre-paid legal member, I have the pleasure to get the majority of my legal services for FREE! The basic every day needs, a person can inquire about without worring about the LEGAL METER TICKING!
I enjoyed the freedom and value of the Prepaid Legal service so much and was so impressed by the quality of legal help that I decided to start a new career as a Pre-Paid Legal Associate to sell a much needed law service I believe in and have had a positive personal experience with. Many of my business collegues are developing businesses that are creating incredible financial freedom while helping others get the legal help otherwise out of reach. I am excited to build my business as well and the tools and support Prepaid Legal, Inc provide are exceptional. When I learned that these programs have been available in Europe for years with nearly 60% of Europeans using a Prepaid legal plan and yet in contrast only 2% of Americans currently utilize a prepaid legal service, I was amazed by the enormous opportunity at hand that is likely on the verge of exploding. The Pre-Paid Legal business opportunity is structured as a network marketing program and pays on a daily basis directly into YOUR BANK ACCOUNT!!
With over a million satisfied prepaid legal members and rapidly growing, Pre-Paid Legal Services, Inc has a solid reputation and track record that provides confidence to me and every other associate that we will continue to be a part of the leader in prepaid law plans which help average Americans and Canadians to have access to the best lawyers and law firms in the nation at a fraction of the normal legal fees most people face with litigation issues.
Go here for more information on our LEGAL PLANS STARTING AT 17.00 dollars!!
www.talk2alawyer.com
http://talk2alawyer.com
Pre-paid legal plans require a monthly payment even if no service is needed to remain in good standing and have access when needed – even just to fight a speeding ticket in a local municipal law court!The largest and most popular prepaid legal company offering prepaid legal service plans is the publicly traded, debt free corporation from Oklahoma: Pre-Paid Legal Services, Inc. This New York Stock Exchange member was formed back in 1972 and has become the pre-eminent prepaid law network available to average people in the US and Canada. Utilizing the top legal firms in the country in every state based on stringent guidelines and performance, Pre-paid Legal Services, Inc offers comprehensive family plans that cover a broad range of preventive and litigation-related legal expenses which most people need but without a prepaid plan can’t afford. In addition, Pre-paid Legal also offers specialized legal service products and plans for small business owners, professionals, truck drivers, law enforcement, and educators.
I have personally used Prepaid Legal, Inc for 2 years and have saved thousands of dollars and had legal experts assist me with reviewing business contracts, writing cease and desist letters for copyright infringement, breech of contract letter ultimatums, and even traffic tickets and immigration questions. Living in South Florida I got access to competent knowledgeable lawyers (there are over 100,000 lawyers within the prepaid network to assist you in every state!). Instead of worrying about BIG LEGAL COST,as a pre-paid legal member, I have the pleasure to get the majority of my legal services for FREE! The basic every day needs, a person can inquire about without worring about the LEGAL METER TICKING!
I enjoyed the freedom and value of the Prepaid Legal service so much and was so impressed by the quality of legal help that I decided to start a new career as a Pre-Paid Legal Associate to sell a much needed law service I believe in and have had a positive personal experience with. Many of my business collegues are developing businesses that are creating incredible financial freedom while helping others get the legal help otherwise out of reach. I am excited to build my business as well and the tools and support Prepaid Legal, Inc provide are exceptional. When I learned that these programs have been available in Europe for years with nearly 60% of Europeans using a Prepaid legal plan and yet in contrast only 2% of Americans currently utilize a prepaid legal service, I was amazed by the enormous opportunity at hand that is likely on the verge of exploding. The Pre-Paid Legal business opportunity is structured as a network marketing program and pays on a daily basis directly into YOUR BANK ACCOUNT!!
With over a million satisfied prepaid legal members and rapidly growing, Pre-Paid Legal Services, Inc has a solid reputation and track record that provides confidence to me and every other associate that we will continue to be a part of the leader in prepaid law plans which help average Americans and Canadians to have access to the best lawyers and law firms in the nation at a fraction of the normal legal fees most people face with litigation issues.
Go here for more information on our LEGAL PLANS STARTING AT 17.00 dollars!!
www.talk2alawyer.com
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