Having time to do your own business

Doing any business can take a lot of time. I mean you don't get a product and start a website that sells that product and get immediate profit. It takes a lot of time and effort.

Having the time to meet with clients and do proper marketing can take a lot of time. Clients time is valuable and you need to make sure you or someone in your organization has the time to meet with clients.

Marketing is probably the most important thing to focus on when you open a business. This does take time and some dough. Unless you understand the Internet it can be costly. A site I like to use in Elance it has a lot of vendors that help you with your venture. It also allows a lot of people to bid your project.

Running day to day need to be consistent. Answering the phone can sometimes be a challenge. Their are services out their that will answer the phone and email you the calls. Make sure their professional and do their job, good news is that they can cost as little as $50.00 per month.

Setting up email campaigns is very important. Once you have a potential client email you need to make sure you stay in contact with them. You can do this through services like Icontact and other similar types of email services. Those services allow you to send a weekly ad to your potential client, this lets your potential clients see what your doing and may get them off the fence and start giving you business.

These are just a few things you can do to get your business going. Just remember a business doesn't take just overnight it takes a lot of time and effort to be successful. Brett Young Valley Realty WWW.Rooftopinvestment.com
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Brett young
Owner/ CEO Roof Top Investment
Real Estate Investment

Creating a niche business can make you money

This economy is definitely a struggle for our country, but you can still make a lot of money with a niche business.

I personally set up two successful niche businesses. The first was a pet food company with a twist. I delivered dog food to the door of people. I also carried brands that the big chains didn't carry. That tied a brand to me and usually it was cheaper than comparable brands.

That business is still open today www.gooberpetdirect.com. Goober was my dog and who couldn't remember that name. I grew is to 6000 clients and 1 million a year in sales, it was in Petsmart's back yard.

The second one is my current one. I set up an investment program with a twist. You can buy out of state properties for very low prices. We also have the construction team and property management team to ensure our clients success on each property.

That business currently does $60,000 a month in rent and almost 1 million in fees. I have around 30 clients in that business.

Niche business's are harder to set up, but that is why they are successful. You have to run every detail of the business at first. As you grow you will make enough money to start hiring good people to help you with your growing business.

The mistakes I see people doing out there is trying to do everything themselves and not exercising their minds to learning new ways to make money. The only way to do that is get some good people around you to help you grow.

Some business owners get a little to detailed in the business (and that's OK) just make sure your paychecks reflect your work. In a niche business you can usually create a great income. So remember anything you do in life is hard work, so make sure it's worth it.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
WWW.Rooftopprofitmax.com

What type of real system do you have?

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Brett young
Owner/ CEO Roof Top Investment
Real Estate Investment

Being your own bank

I talked to a great friend of mine this week and he informed of another way to sell real estate, on a land contract.

As you probably know that banks just aren't lending. IN fact new Wells Fargo ad shows a family on a trip that can access there checking account to make sure they still have money I guess. What's missing is they don't even mention getting you a loan, because that's not want they want. They just want your deposits to loan to federal agencies that pays them a great return. That's how we finance this deficit, with taxes and banks.

So the land contract can be a great way for you to become the bank. With homes being $15k you can afford to do this. It's really a great time for you to create wealth!

Here is how it works, say you pay a total of $40,000 with rehab on a home. You advertise your home for sale and you will carry the note. Get a down payment from the new client, at least a down payment of $1500-$2000. Make sure that can also qualify for a mortgage in the future.

The payment should mirror the rents in the area or even a little more. For example say $900 is the rent then that should be your payment. So add up your taxes (monthly) and your insurance (monthly). Then after you add the total cost of those items then add the rest to make it up to at least the rent in the area. In this example it is $900.

Make the amortization table reflect the payment not including the taxes and insurance. This allows the buyer to take a tax deduction on the interest. Don't worry about the interest rate just make sure you have the right payment.

The price of the home should reflect the top of the market on that home. This example it would be $85,000-$90,000. So your selling price should reflect that minus the down payment.

After you have all that done then wait 3-4 months and sell your note. In this example you have $40,000 in the home. Advertise you'll pay 10% on the note for the life of the contract. The investor (note buyer)will get a first lien position at a 50% LTV (loan to Value). I don't think the banks are paying that great of an interest rate.

You'll still make a great profit on the monthly payment and you'll have a $45,000-$50,000 spread. You can now go out and buy more homes with your money, and increase your wealth every deal.

That example can be done a million different ways. Just make sure you get all the money you have in the home and make some profit on the back end of the deal. This will bring you a great income today and in the future.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

What type of investment system do you have?

I run into a lot of so called experts that make huge profit claims. In fact I spoke to one a few months ago that informed me that the client wasn't really going to do all that well on their real estate investments. They were fine with the clients making little to nothing and the so called expert was OK with that.

I was a little surprised and upset that someone in our field would say that. Experts are supposed to take care of all the investments that are purchased with their system.

Really a system shouldn't just cover the purchase of an investment property, but the length of time your client owns the property. That includes selling the property or renting it. I know I deal with my clients properties daily. Some have not purchased a new property for a few years. That doesn't matter to me, they will be taken care of through the life of their investment with my system.

I dealt with over 10 property management issues this week alone. One property had a tenant that had court problems and the section 8 contract was going to be terminated. We found out that the court did not take care of that paperwork and therefore we kept the tenant.

Another issue this week was the city wanted a driveway repaired or they were going to give my client a fine. Again that was immediately taken care of. We got a fix on that the driveway and it was the first time the investor had to put any money into the property in 2 years. Plus having our own private maintenance company saved him some big dough!

Another one needed an inspection through the city, and it passed with very minimum repairs after 1year. $300 to be exact. We lined up our people and took care of that inspection. Having your own private people allows quick response at very reasonable rates.

So make sure the so called experts have a system that will be backing you after your purchase. Make sure that when a problem arises they will be running for the hills. Please don't buy a system that is on a Cd course that only tells you information and doesn't have a place to actually help you get started.

Being successful in real estate investing is a lot easier with the right system.
Brett Young Valley Realty

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

Raising money for your portfolio

This process will take you some time and money but could land you huge profits. When your raising money for anything make sure you talk to a lawyer before you start doing anything, You can get into some securities issues.

One way to do this is to get a partner. I would use an LLC (limited liabilty corp) to set this up. You can have you and your partner or partners on as members and it creates a great vehicle for you to go into partnership. I highly recommend a third party running all the money. Escrow companies are great for this.

If your going to raise money make sure you have a business plan. Not a do it yourself one but one drawn up by professionals. You can find some great companies that do this on the internet starting at $200 and it goes up from their. These types of plans make you look very professional and will open new doors for you.

Another way to raise money is simply advertise what your buying in the area your in. For example if your in Phoenix maybe craigslist,google,facebook,Lindkin and many more. Be very consistant when your doing this because it may take a while. I've had my company for 4 years and being very consistant on advertising is crucial.

You may also want to make yourself a website to do this. Again consult with an attorney and make sure your not breaking any security laws. This is a great way to advertise, just remember the website itself will need advertising in search engines,SEO and alot of other things. You can easily find someone to do this at Elance.com. It is a great resource for both websites and marketing your website.

Lastly I want to go over setting up a receptionist. You can get them online for as low as $50 a month. They take 100 calls for that price and they will email or text you your messages. Make sure they are professional and answer the phone. This is a great way to market and look professional expecially if your working a full time job.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

Todays Economy Creates Opportunity Podcast

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Brett young
Owner/ CEO Roof Top Investment
Real Estate Investment