Land Contacts can make you Money

Land contracts, Contract for deed or whatever you want to call them are a great way to make a property maintenance free.

In this economy you really have to look at what people need today. Banks and Loans are very hard to get. The government is even going to set up more restrictions to get loans.

With all this crazy stuff going on I think land contracts will help you cash in on real estate. The first way to make money is with the First Time Home Buyers Program. A lot of people don't know that you can be the recipient of that $6500-$8000 from the government. If done properly a investment property can have a land contract on it and receive the first time home buyers program.

The other benefit that you get is usually a higher monthly return. The way I set mine up is not based on the interest rate. I look at my desired return on monthly payment. Then I add in the interest rate based on the payment.

I set up a straight line deprecation. You can set up a principle reduction that stays the same over the life of the contract. For example if you are getting $950 a month and you can set up monthly principle reduction of $100-$150 a month for the life of the contract. This simplifies it for you and the client plus makes you more money.

Setting your land contracts like this makes them more valuable. So if you want to sell your note this will help you move it on the open market.

The last thing I want to mention is the low to no maintanence. Think about it, do you call the bank when you have a problem at your home? Of course not so why should
the client call you for anything? Your the bank.

Do keep you mind open to new ways to make money in this market. Brett Young Valley Realty www.rooftopprofitmax.com or call 602-363-6551

To good to be True?

I like to tell my readers about interesting calls I get every week. This week I had a call from a financial consultant.

He informed me that his client was interested in buying investment properties from my system. He immediately informed me that my website www.rooftopprofitmax.com was to gimmicky for him. Set back a bit I answered by saying that website was for information of our company. What else is a website for???? We have free education, videos to download, property information, meeting informastion and much more.

He then vetted my Real Estate License and made sure that I was licensed. Which is totally understandable. When your selling investment real estate people will have questions.

He then informed me that my numbers on our Duplex's were too good. He asked me why I would let a secret out like that? I then informed him I had 28 properties in that area and could only buy so many homes.

We went through the numbers of one property his client was looking at. I also informed him we already had 70 properties there. We also operate a property management company to insure our clients rental rates.

He ran the numbers and showed a 30% percent return on one that properties. He then informed me that was to high of a return to be a safe investment. This is were I part ways with this consultant. I'm all for being conservative but to pass up on high returns and safe investments is nuts! I guess I could find some properties with lower returns but I choose to make massive money for my clients.

My properties are all ran through inspections, escrow and I only use licensed people. The numbers are even already proven through my property management company. We deal with getting the higher profits for our clients daily. We specialize in the areas we are in. If we did't we wouldn't be in business.

In closing I just want to say that looking into investment properties that have a high return may be unbelievable, but in this economy it may be very possible in the right areas. Homes are being sold at extremely low prices and people want to live in these homes . The market is ripe for making a great return on you money. Brett Young www.rooftopprofitmax.com

Opening Your Mind to New Investments

I was talking to a realtor this week that told me their business was in the crapper. Like others this realtor had done very well 3-5 years ago. I immediately told the realtor that I had some great homes that would help their portfolio.

They then informed me that the area I recommended was not going to work. They needed to stay in Phoenix. I ask that realtor if they would open their mind to some new ideas. Which they eventually did.

Realtors and investment professionals need to look at the best value for there portfolio and there clients portfolio. I have always looked for the best places to purchase investment real estate.

In 2006 I decided that I could not recommend Phoenix as an investment anymore. I started flying to towns and cities all over the country. There were 6 in all.

I set up shop in Michigan,Indiana and Ohio. I liked those areas because of the cost of the investments and the cash flow they gave me and my clients.

We've now done over 250 homes and created $500,000 a year in rental receipts and $2.2 million in equity. We also have a construction company and a Property Management company. This gives our clients continual support and great returns.

The only reason these numbers are what they are is because I opened my mind to different ways to purchase real estate. The more ways to buy investment properties allows you to make more money and more importantly your client makes more money. Brett Young Valley Realty www.rooftopprofitmax.com

Having to learn new things in this economy

Understanding the title of this blog for me is easy. The Internet was something I could look up information on. For example Ebay (My Favorite), Craigslist, Newspapers, you get the gist.

What I didn't know was the behind the scenes, the way it all works. Like marketing, Setting up a website, updating a website, and all the things you need to know to draw attention to your service or product.

I did what a lot of people do at first I hired some so called web guros. Spent over $10,000 on websites. I thought the sites would create clients. I did make a record of all the clients I got from the Guros 0.

I quickly decided I needed to learn the Internet so I browsed the Internet and found some very good ways to learn how to produce clients with a web prescience. As I was learning I also got an IPOD. You can get a lot of free information via Pod Casts. I highly recommend that you look into doing that to get started. You can even download pod casts on your own computer. Joining Itunes is free.

I decided Joomla was the easiest and best to get a website up and market it through the search engine. The end result is I get 1000 hits a month and growing. I've also grew my business through the roof. I can tell you from a very armature point of view, having done it myself (I did hire a tutor for the Joomla) I can tell you my pocketbook and business has grown. I also am always looking and listening to new things I can do to grow my business on the Internet with my IPOD.

So when you want to get on the web do it yourself first and learn itself.Their are so many easy ways for you to learn it. This way you can control the content on your site. After all who knows your business better?

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

Having Backup for your Real Estate investing

I talk to a lot of investors every week. Some are very good others are not. The one thing I really notice with the bad ones is they have no backup. Backup are people who know the investment field and can watch your back.

I talked to a lot of investors that have full time jobs and do not have a lot time. In real estate investing their is a lot of detailed cost that need to be addressed. Having full time real estate agents that specialize in the investment Field is crucial to your long term success.

For example there are a lot of different ways to not make money with real estate.

1.You can spend to much for the home.

2. You can over spend on the rehabbing

3. Not get the right comps to sale your home

4. Over pay in fees you do not catch until after closing. (One investor I talked to Actually over paid $20,000)

Their was also a client who was refinancing and sent me his paperwork. As I looked at the fees being charged I called him and told him of some overages I saw. He saved over $5500 dollars buy having a backup to look at his paperwork.

5. Problem solvers for all aspects of the real estate experience.

6. Finding great properties to invest in.

7. Helping find private money to help invest more with.

8. Getting your property on the Market ASAP

9. Getting you discounts at the title companies

10. Knowing where to buy your rehab stuff at wholesale prices

and their is just so much more.

So if your going to be a real estate investor then get your backup system set up. It should include all the facets of your investing. Tools should at least include the following: Real estate agent that understands and has set up the following: Construction-Property Mangement-Maintanence People-Sales Support-Lending. If you can find that type of realtor that is an investor themself then stick with them. Of course check out references on his or her abilities to be successful for you.

Having a backup system can not only save you a lot of money but make you a fortune! Brett Young Valley Realty http://www.rooftopprofitmax.com/