Todays Economy Creates Opportunity

There are many people that are very concerned with today's economy, and for good reason. We really don't know where we are heading. We can look at history though, and get a great idea where it will land.

This economy could be your way to financial freedom. Real estate is very inexpensive right now and people are wondering if it's going to get cheaper? Have you ever heard of people that say,"Wow, I wish I would've.... or, "If only I had....."?" Don't be one of them.

The homes I'm recommending in this economy cost less than a car in most cases, with cash flow that is unbelievable! I have a group of investors out of California that have recognized this. We are closing a deal next week ( 3 duplexes and a SFH) that will cash flow $3500 to $4,000 a month net, with a 25%-29% return on investment.

I own 28 similar properties myself that create a great cash flow. My company takes average people and helps them become successful in this economy. We can get excellent income properties in great neighborhoods that really produce big money.

Another client continues to net $600+ each month, and has done so for over a year on their SFH investment. The total repair cost during that time was less than $500 dollars. This home was purchased through our service in a another great neighborhood.

Yet another client bought 6 properties within a couple of months. He makes over $3600 per month in net cash flow. Wow, that money goes right back into his IRA with a much greater return than he would earn in the stock market. He also gets to control his assets and doesn't have anyone named Bernie running his portfolio.

Rooftop Profit Max has gross rental receipts of over $60,000 a month on the properties we manage for our investors. That is over $720,000 in rent per year. Plus these properties give our clients a massive amount of equity.

One other thing I want to mention on this economy... The Rockefeller's weren't scared of an economy like this. They purchased a lot of real estate and made their fortune. That fortune still exists today and they are growing that fortune now, in this economy.

You may be running for the hills, too scared to make a move. But remember, the richest people in this great country invested in real estate when everyone else sat on the sidelines. So, when you are looking at your situation, consider the great real estate opportunities this economy offers. You may not become another Rockefeller, but you can secure your own financial future by buying investment property today. Brett Young ~ Valley Realty

Setting up for wealth

We are in an economy that is set up to create massive wealth. There are less buyers and more properties. This sets up an opportunity for wealth.

I been investing for 25 years and have seen some up and down markets. I've bought in all of them, and prospered doing it. With the right mindset and the right people, it is not difficult to build wealth.

I prefer lower priced homes in good areas. These homes need to be in larger cities with strong rental markets. I believe the more people, the greater the demand will be in the future.

Buy a home now, and get a great monthly cash flow. Then when the market turns (and it will) you have the option to sell for a profit if you want or just keep pocketing the cash flow. My wife and I own 28 rentals, and don't look to sell them anytime soon.

Imagine buying these lower priced homes for $35,000-$45,000 with $400+ cash flow per month. The longer you hold them the better your equity and as you pay down your mortgage, the better the cash flow. The rental market will always be present. People will always need housing. Rooftop Profit Max does over $60,000 a month in gross rent. These are very affordable homes in awesome solid family neighborhoods.

You may even consider moving into one yourself! I mean, wouldn't it be great to not have a mortgage payment? Or at least a low mortgage payment! This is the time to have a very nice home for the most affordable prices in our lifetime. How does both wealth and freedom sound?

So keep in mind that building wealth is great, and doing it in this market with less competition is easier then doing it in a good market when everyone is doing it. Having the right tools and people, and buying investment property in the right area can make investing a great opportunity for you in this economy. ~Brett Young, Valley Realty www.rooftopprofitmax.com

How to make sure you have a legal real estate deal

There are a lot of different real estate deals to buy REO,Bank Owned,Freddie Mac,Fannie Mae,Hud etc. Their are also tapes,wholesale and owner owned deals. With any real estate deal their is a way to do them all safely.

When you have any deal make sure that the property is going through escrow and has a clean title. This means that there are no leans, and they have a full history on the property. They also act as a dis interested third party to help close your deal. They are also a licenced company and have are regulated by banking rules.

Their are also people who sell multiple properties called tapes. These are very dangerous to buy if you don't know what your doing. They usually do not want to run these type of properties Thur escrow. They may seem like a great deal but buyer beware. I had one pass Thur my desk that had a 100 homes at $1000 per door(which seemed like a great deal). I had a title company run a pre-lim title search and their were over $1,000,000 in combined tax liens.

Sometimes when you do a lot of business title companies will do these services for you for free. If not you need to do this before you buy investment property this way.

There are a lot of different ways to get real estate but no matter what make sure you have title insurance on your property. Building wealth and having great investments require that you do do certain things to insure that you are making a safe and secure buy.

Always keep in mind that however good the deal is make sure that you follow these guide lines. Having clean title insures that you have a safe deal the rest is up to you.
Brett Young

Getting the right people around you

Having the right people around you can make or break you. Their are good and bad people in every business. You need to make sure that your dealing with the good ones.

In this article we'll be talking about real estate investment. When you talk to a wholesaler,realtor,seller etc there are a few things you need to ask about so you know who your dealing with.

If your buying a flip home(your buying it then selling it) then you need the following key issues addressed. 1. Get a CMA(a report that shows what homes around the one your looking at are selling for). Be sure to review this before you decide.
2.Your construction is the next issue. How will that be done, and how much is that going to cost you? How long will that take? 3 How will you sell the property? This needs to be selected before you start so you know the total cost of selling your property.

All these numbers need to be at your fingertips before you make a decision on a property. People always blirt out numbers and they may or may not know what they're talking about. Always have all those numbers in writing and all your sales reports that show you what your property will sell for. The right people can give you all this information.

The next type of property is a rental. You want to do all the same things you do in a flip with some additional information needed. You need to have property management service. I know some people run their own rentals and that's fine, I'm just addressing people that don't. Good property management is very hard to find in most cases. I like for a property management to have a full time maintenance staff, this usually is a lot less expensive in the long run. Also I would call a few of their clients to see what they think of the service. One last thing to verify rents run a fake craigslist ad. This will tell you how much rent you can expect.

The other item to check on rentals is the yearly tax rate. That is a fixed cost that you need to look at to verify your cash flow. I was talking to a potential client last week and he informed that he had got a great deal on some duplex's in a certain area. I ask him if he had looked at the taxes in that area. He said no. I informed him that my duplex's had around $1800 a year in taxes in an area right outside his. His area avg $5200 a year in taxes. The Gross rents on mine is approx $200 less a month income. His taxes are $450 more a month . So he's losing $250 a month on those so called good deals. Plus they cost about $10K more to buy and fix up.

As you can see their is a lot of information you need to make an educated decision on an investment property. When you spending your hard earned money make sure you have all the information you need to make a sound decision.

As you can see getting the right people around you will maximize your profit on each investment property. Brett Young Valley Realty