Monday, July 1, 2013

How rates doubled overnight and



Have you heard that overnight the rate on
student loans doubled into the 6s from the
3s?

Here's a huge tip from the Gell-Dog:

Financing determines price.

If the financing is hard to get, price
will fall.

If the financing is easy to get, price
will rise.

The student loans have been insanely
easy to get and very cheap.

So the price of college has soared.

But on another front, 21 million
people can't get financing for their
homes at all.

And that spells "opportunity."

Up until the real estate crash, mobile
homes were sold with factory financing.

There was a big market for mobile home
financing and no worries getting
financed.

That all changed around 2008.

Since then buyers can't get loans to
save their life.

And the value of the mobile homes has
crashed because of the lack of financing.

This created enormous opportunities.

The returns on buying mobile homes and
reselling them are staggering today
as a result.

There are a number of ways to buy
mobile homes without putting up any
money.

The mobile home today is one of the
highest return investments if you
do things right.

In fact it can generate a huge
cash flow for you in a very short
time.

A buddy of mine has done this again
and again and he's explaining what he
does and how he does it.

This is a goldmine and the reason is
isn't bigger at this point is that
very few people are aware of it
and I don't expect this window to remain
open
for more than another year.

warmly

--Richard Geller

P.S. I expect student loans to get silly
again...as congress "acts" to bring the
costs back down...and screw over still more
young people who get an almost-worthless
degree.

But not so for mobile homes. It's up to you
and I to make that happen...and perhaps
get rich in the process...




.
.

Learn to never own property

m going to teach you the
"Market Maker" strategy - which pays
5 figure checks when done with
small apartments.

And even bigger on mid-size and
large apartments.

One of the most frequently asked
questions I receive with regard to
apartments is "How do I get started?"

Well, a great place to start is
wholesaling small apartments.  And you
can do this on your way to buying
properties to hold (if you choose).

Reserve your seat for this webinar
and Q&A:
******************************************
How to Wholesale Small Apartments
Tuesday, 9:00 PM Eastern
Click here to register.
*****************************************

Because I have a mantra, "Always Be
Wholesaling."  Always monetize your
deal flow.

Now as way of definition, by wholesaling,
I mean finding a property, placing it under
contract to purchase - and then selling my
position on the contract for a handsome
assignment fee.

In this strategy, I never even own
the property.

And on this webinar, I'm going to
explain how to do it step-by-step,
using a Case study that yielded
$13,000 in wholesaling a triplex!

- How to find the deals
- How to find the buyers
- How to write the contract
- How to close the deal
- How to earn 5 figures.

Reserve your seat for this webinar
and Q&A:
******************************************
How to Wholesale Small Apartments
Tuesday, 9:00 PM Eastern
Click here to register.
******************************************

Plus I'll be answering your questions
LIVE on finding and flipping small
apartments.

To your success,
Lance Edwards

P.S.  This is an extremely simple
business that anyone can do.

My youngest student is 18 years old.

And on this webinar, I'll show you
step-by-step how to do it.

Plus learn the "Market Maker" strategy
which puts you in front of off-market
deals (the ones nobody knows about).

Reserve your seat for this live webinar
and Q&A:
******************************************
How to Wholesale Small Apartments
Tuesday, 9:00 PM Eastern
Click here to register.
******************************************
ffffffffffffffffffffffffffffffff

Sunday, June 23, 2013

Rental Property Tenant's Responsibility





1.Damage or Excessive Filth


2.Cigarette burns in curtains or carpets


3.Broken tiles in bathroom


4.Large marks on or holes in wall


5.Door off its hinges


6.Rips in carpet or urine stains from pets

7.Lots of picture holes or gouges in walls that require patching as well as repainting


8.Stains in rug caused by a leaking fish tank


9.Broken refrigerator shelf


10.Water damage on wall from hanging plants

11.Water stains on wood floors and windowsills caused by windows being left open during  rainstorms


12.Sticky cabinets and interiors


13.Grime-coated bathtub and toilet



14.Mirrors caked with lipstick and makeup


15.Dryer that won't turn at all because it's been over-loaded


16.Toilet won't flush properly because it's stopped up with a diaper

Landlord's Responsibility for Property

Ordinary Wear and Tear of a Rental Property


1. Curtains faded by the sun

2. Water-stained linoleum by shower
3. Minor marks on or nicks in wall
4. Dents in the wall where a door handle bumped it
5. Moderate dirt or spotting on carpet
6. A few small tack or nail holes in wall
7. A rug worn thin by normal use
8. Worn gaskets on refrigerator doors
9. Faded paint on bedroom wall
10. Dark patches of ingrained soil on hardwood floors that have lost their finish and have been worn    down to bare wood
11. Warped cabinet doors that won't close
12. Stains on old porcelain fixtures that have lost their protective coating
13. Moderately dirty mini-blinds
14. Bathroom mirror beginning to "de-silver" (black spots)
15. Clothes dryer that delivers cold air because the thermostat has given out
16. Toilet flushes inadequately because mineral deposits have clogged the jets











The 5 best way for landlords to screen tenants?


Landlords should always have prospective tenants to fill out a written rental application that includes the following information:
  • employment, income, and credit history
  • Social Security and driver's license numbers
  • past evictions or bankruptcies, and
  • references.
When choosing tenants, landlords should check with previous landlords and other references; verify income, employment, and credit report. The credit report is especially important because it will indicate whether a particular person has a history of paying rent or bills late, has gone through bankruptcy, or has ever been evicted.

Avoid trouble with fair housing laws, by being sure to be consistent and fair in your screening of all applicants.  Make it your policy to always require credit reports from all  your applicants.

Friday, June 21, 2013


http://www.thereibrain.com/guarantee-of-apartment-lease-free-download/1146/

How to Set Your Rental Price

http://www.thereibrain.com/how-to-set-the-perfect-rental-price/4360/





Three Factors
Will determine what your rental  rate will be.
1. Other Rentals in the neighborhood
 You know what properties are currently being rented for, and the ones similar in size, location and condition to your property. You should be  aware of the vacancy rates within your community.


Craigslist and newspaper ads are great places to look for rentals to see what other  landlords have within the area.
2. Geography
  Location of a property is very important to you the investor.  Never  think all 3 bedroom properties are have the same price rate, especially if they are located near shopping malls, golf courses or other locations. 
3. Luxuries
 luxury  properties are unique and  will always  influence  pricing . Whether it’s a swimming pool, new appliances or  provided lawn service, you won’t want to miss any opportunity to maximize your return.  Always set your base price.   
 Its important to  keep a record of the number of showings and the how each person reaction to each property. 















If you're properties are filled with tenants, congratulations! You're doing something right when it comes to setting rental prices.
 
But if the question of, "Could I be making even MORE rental income?" plagues you, then it's time to evaluate if you're low-balling your rental prices or if they're competitive with your local market.
 
This article discusses three main factors you should consider when setting your rental prices. They really shouldn't be arbitrary numbers. Do some research and set your prices accordingly. You just might surprise yourself with how much MORE rental income you could bring in each month!