Archive for 'Systems' Category
New Book Review, “Weekend Millionaire Mindset” by Mike Summey & Roger Dawson
30 September 2006When I head into the hills on vacation, I usually pick up a new book release to help pass the time. This trip, I chose Mike Summey’s and Roger Dawson’s NEW book , ” Weekend Millionaire Mindset: How ordinary people can achieve extraordinary success”. I was impressed with the simplicity and writing style […]
Analysis of a Fix and flip Property..
17 September 2006One of the most popular real estate strategies these days has been the “Fix and Flip” deal. In areas that are tough to cashflow without big down payments, the fix and flip is the best choice to generate cash.
A fix and flip is purchasing a property that is under market value because of it’s deferred […]
REI Book Review - The weekend millionaire’s Secrets to investing
11 September 2006Have you ever read a book that you like so much that you buy it for family and friends looking to better their lives? I’ve read “Weekend Millionaire’s Secrets to Investing in Real Estate” by Mike Summey and Roger Dawson several times and I have personally given almost ten of these books to friends.
If […]
Lesson#1 Start Now
8 September 2006Welcome to real estate lesson #1; How to start real estate investing. The purpose of these series of lessons is to prepare the beginning investor on his/her new path to real estate investing. Sometimes, you just need a simple road map to get started. This is it. I want people to succeed in real estate […]
Tip #2 How to get an unsecured credit line up to 50k.
2 September 2006I just got an “unsecured” business line of of credit starting at $10,000 at 5.99% APR without blinking eye! No submitting tax returns, no proof of income, etc.. It was just 5 minutes of plugging in some numbers and in 3 weeks I got a card.
What makes this a great deal is that […]
Here’s a secret. Use Craigslist.com for rental ads
22 July 2006I must of got at least 30 calls for my unit last month using www.craigslist.com. Its free and its very, very effective. I’ve filled three tenants using this alone. Its amazing and its more effective than paying a $75 a week ad in the local paper.
Good investing!
Good Real Estate Investing (REI) articles.
2 January 2006Gerald Romine was a small time investor in the mid 90’s in Phoenix, Arizona. He then formed a real estate club in Phoenix which became relatively successful. He promotes his wholesaling techniques and he’s getting quite popular now. I went to one of his “seminars” last year bringing in national speakers and I actually learned […]
A quick way to analyze income property..
19 December 2005I had a few hours to re-think on how to analyze income property on the MLS quickly. I want an approach that I could complete in a few seconds to assess the potential “bargain” of the listing.
The best approach is using gross rent multiples. I have been using capitalization rates, but there’s too many varying […]
The “polished” technique for analyzing a deal
6 December 2005I’m about to share my techniques in analyzing properties. I ‘ve analyzed over 100 properties in the last several years and I’ve learned several critical lessons.
I created a system that has been working well for me. Its probably not the quickest , however, when you have the knowledge to buy properties using sub-to, l/o, seller […]
Having trouble making up your mind, ask an expert!
25 August 2005I was talking with one of REI buddies and he offered to come over and do an “rehab” analysis with me. I consider him an expert, he’s been doing this for several years owning four plexes and duplexes.
The key things that he was saying was:
1) He was expecting me to turn these units over quick.. […]