Tuesday, October 21, 2008

Another Brett Real Estate Story

Another Story……..
Buying investment properties in a great market can be very profitable. I remember a home in Phoenix on E Mulberry that I found for some investment clients.
Tom and Ted bought the home, and began remodeling. While is process, a neighbor came to ask if I would be interested in purchasing their home.

Seeing the value, I agreed and immediately put the home in escrow.
As soon as Tom and Ted’s home was complete, it sold almost immediately. Needless to say, they were very pleased!
During the process another buyer appeared and also wanted Tom and Ted’s house. I informed them that it was sold, but the one right across the street was available. I added $10,000 to the price I paid, and sold that property too.
When two other properties became available on Mulberry, I sold one to another investor for a nice commission and the other to women who came by during the cleanup of Tom and Ted’s home. I not only sold her that home, I remodel it also topping off a great month.
I did 4 deals in one month on one street, making over $30,000 just taking advantage of every deal that I could get! Brett Young Valley Realty http://www.rooftopprofitmax.com/

Hedging your Portfolio!

Hedging Your Portfolio
Substantial wealth can be accumulated in good and bad markets. Today’s market offers a tremendous opportunity. An abundance of renters and decreased property values, now makes cash flow investments the way to go.
Buying homes for $40,000-$50,000 allows for great income and equity potential! $40,000-$70,000 in equity can help build wealth fast. And these homes are available NOW!
There are generally two types of investors, good market and bad market buyers. Good market investors can make solid returns on their money, bad market investors can make HUGE returns, but this requires experience and careful consideration. Cash flow is the key. Risk is greatly depreciated when your investment brings 25% - 45% cash on cash return and provides tens of thousands of dollars in equity.
Now is a great time to cash in! I have personally acquired 10 units this year and am still buying. I like to rent and build equity in a bad market. But this is not just a bad market, it is terrible! So I have added a new rule to my current investing plan; Find the cheapest homes with the highest rents and greatest equity. That way, if you have made some bad buys or you have lost some equity in your portfolio, you can hedge your bet.
Knowing how to deal with any type of market can make you very rich. Understanding it will make you mega rich. Let me show you how!

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

How I became an investor

How I became an investor
In the early 1980’s while I was still a kid, I got a job working the afternoon shift and went to college full time. I did that for almost 2 ½ years until I finished my degree. I really didn’t know if I was coming or going. Working full time and going to school left me a with little time to breath, let alone enjoy life.
One day, while out looking at a new place to live, I happened into a condo in Mesa. The asking price was $35,000. (This was in 1985-86). I did not like the area for me to live in, but thought it would make a great rental.
I called a friend and together we agreed to purchase that property and test the rental market. The rental market was strong and it turned out to be a great investment. So we quickly went out and purchased more properties. Nine to be exact! We financed the down payments and rehabs with money earned through weekend auctions.
One auction in Tucson stands out. This auction had few good buys until the next to the last item. A huge, I mean huge, printer came up and I bought it for $1,000. It cost $250 to ship it to Phoenix and I sold it for $2500. That’s money I stuck in a savings account to help me buy more properties.
Another auction I remember was a waste of time until an organ that was valued at $25,000 went up for bid. I had to unfortunately out bid a Minster for it, but I got it for $1500. I ran ads but could not sell it. Then a friend contacted the Organ Society president. (Yes, there actually is an Organ Society). She happened to be looking for an organ. I sold it
to her for $4,000!
This is just one example of how I have created opportunities. Opportunities only come if you work toward them. What I mean is…. DO BUSINESS!!
My company was created to do just that. Through Rooftop Investment I have set up a place for our investors to do business. We actually provide real estate investment opportunities. So our investors can jump right into business and earn while they learn without extensive classes or large amounts of money to join! Brett Young Valley Realty http://www.rooftopprofitmax.com/

Can Real Estate Prices get any lower?

As you well know, real estate values are currently down and the lending industry is in turmoil. Access to money is a key factor to this current crisis. When that issue is corrected though the market will turn quickly. Maybe not to the point of our recent boom days, but we should still see 5-8% growth per year.
By buying now, you can lock in the lowest prices we have ever seen! Over the years, America’s wealthiest families have gotten that way through real estate. When times are bad, they invest. Warren Buffet is a wealthy businessman whom I admire greatly. He just purchased $5 Billon in Goldman Sachs. Mr. Buffet not closing up his wallet in this economy and neither should we.
Making money in life is only done when you act on good investments. I believe that the best investments are in real estate. The great thing about real estate is that you are the one in control. You do not have a $100 million CEO making the decisions for you. You control your destiny and it is time to take charge!
Today’s TV business news is filled with “gloom and doom”. I am amazed at the age of the analyst, they are young and inexperienced, yet they are the “experts”. How many deals have
they done? Their knowledge is based only theory. I would much rather rely on experience.
I figured out a along time ago that these people are not the people you want to listen too! There are plenty of people that can tell me how not to do something. I always look for the ones that tell me how!

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/