Being a realtor for retail and investment homes

I've personally been a Realtor for almost 10 years now and an investor for 25 years. Having said that knowing the sales and wholesale market can make you a lot of money as a realtor. Their is a lot of knowledge and hard work that always need to be done, but the benefits far out weigh all the other stuff.

I started a dog food business in 1992 http://www.gooberpetdirect.com/ and grew that business to 6000 clients and $1 million in gross sales. When I opened the business I realized that clients bought other products other than dog food. For example dogs like biscuits, bones and treats. People that have dogs also may have a variety of other pets cats, birds, fish, hamsters, etc.

I figured that if they walked into another pet store to buy those other products then they may go ahead and get their dog food too. That meant that they would not buy from me and I would loss a client I worked hard through advertising to get.

Being a realtor I applied the same rules I did in my pet food business. My main business is investors. I also have a retail real estate business that helps me keep in touch with what people want in this and any other market. My opionion is that I do not want to loose any money. PLus retail clients sometimes turn into investors. I've had one retail client that I've made over $35,000 with.

I've also included construction, property management, short sales, trustee auctions and membership club http://www.rooftopprofitmax.com/ that investors can join and plug into all my companies. I call that the turn key system.

My methods have help me make it through the tough markets with flying colors. Yes it's hard work that keeps me very busy, but my methods would be the same in any other business I started. These methods help you keep on top the game. That's why I'm both in the retail and investor real estate market.

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

Investors at Christmas time

The thing I always enjoy about Christmas and the Holiday season is the optimism. As Investors that's always the way you should fell about the upcoming year.

Lets look at some great things that could happen next year if your optimistic. Low interest rates that flow to the private borrowers. In America their is still a ton of money and people who want to buy their own home or investment property. Getting credit flowing is one of the things I'm optimistic on.

I also am optimistic that prices of homes will stabilize and start moving up. That's why we are buying homes now. We are optimistic that prices will eventually go up. Getting the quality of homes that we are getting at the prices we are paying gives up great optimism.

I optimistic that profits for investors will go up. When prices start going up and the inventory gets lower investors have a lot more options. You can sell your property or option your home to a qualified buyer for great profit. I am optimistic that the inventory of homes will go down next year.

I am also optimistic that the job market will get better. More jobs mean more money and buyers.

These are just a few things that I am optimistic about. I am also very optimistic that everyone who reads my blog will have a very Merry Christmas and Happy Holidays.

I look forward to the new year and all it has to offer. So embrace the challenges that life brings you. Never be worried after all life is very temporary. Brett Young http://www.rooftopprofitmax.com/

2009 in real estate

This year has been a lot about changes. We've had changes in the real estate business that makes us all change the way we think about real estate.

For example values have dropped 40%-60% from their highs. Some people think about that as something awful. Losing equity and having your loan upside down is not a good thing. I've talked to many people that are letting their property go to foreclosure or short sale.

Investors have a lot to think about in this market. Should they keep the homes they have and continue to wait for property values to come back? Or do they dump their property and move on with life? Each decision should be based on their situation.

Today's market allows you to buy options(cheap homes) that helps you hedge your portfolio with real estate that makes money on rent and they have a great equity position.

I believe this market is poised to make investors a great return. Yes home prices have dumped a lot in some areas, but rent has not fallen that much compared to the retail sale prices on real estate. This makes holding a property profitable. It's called cash flow!

For that reason me and my investors continue to buy homes. We can buy a home remodeled for $20,000-$40,000. These homes get $600-$1000 a month in rent. The values are at least double to what we pay for them. That's a win win situation for the investor.

These deals will not last forever, prices will stabilize and everyone will be saying the same thing. I wish I would've bought back then if I had of I would be rich.

I've been doing this for 24 years and have seen up and down markets. Buying condos in Phoenix Arizona in the 1980's was cheap. $15,000-$30,000 per unit. I had people lines up to rent these units out. They later became worth a lot more and I sold them! That's called cash flow with a great end game.

So when you start planning your investing next year don't forget that real estate is still a great way to create wealth for your portfolio.


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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://sites.google.com/site/rooftopproperties/

The Rooftop Reason

When I created a company like rooftop my only mission was to make investors money. I live in Phoenix Az and 3 years ago I could not recommend that you buy in the Phoenix Area. So I started looking in other areas to buy real estate at really reasonable prices. I have always believed that if you always have the investor in mind and get them a quality product then everyone will always make money. As a realtor and investor that was my only goal.

I started traveling the country looking for the best areas and deals. Not only did I look at the real estate, but other key components had to be in place. For example you need construction, Property Management, and knowledgeable Realtors.

Setting all these programs up took considerable time and effort. As an investor I always bought in the area first to make sure it worked. That's right I put my money into each city I've recommended. A lot of so called investment clubs have people running the program that have never or are not currently buying investment property.

That is the total difference with Rooftop.....We get you the investment properties that make you money. We buy directly from the bank at no mark up to you. That means if we get the home for $15,000 that's what you get it for. We've bought over 300 units and understand the market very well. We currently are buying in the Midwest and Phoenix Area.

If your wanting to get going in the investment world and been to all the other so called gurus. Check out the Rooftop Profit Max difference! http://www.rooftopprofitmax.com/

Brett Young Valley Realty

What is the Feds thinking with home loans?

Keeping up with the loan business in today's market is crazy. The rules keep changing, making loans harder to get. A 620 FICO used to be a good credit score, now it's crap. You need a 700+ to get a loan today, in most cases.

Then you have the 90 day rule to resale homes. I guess they want the investor to take all the risk and get little reward. Investors buy up inventory and help the market out. Most owner occupied buyers do not want to deal with the rehabbing. They want homes that have been rehabbed and ready to move in to. Conventional, VA and USDA don't require seasoning.

If you want to refinance or pull cash out of a investment home, you'll need to own it for 6 months. You will need a 680 or up FICO even at a 50%-60% LTV. The loans do take a while, but the interest rates are still very low. That makes investment homes a great deal. When interest rates do spike then your loan and investment property will be worth more. Remember low interest loan and can make your property worth more in some markets.

If you are putting 10% down on a conventional loan you'll need a 700+ FICO not because of the loan but the MI (Mortgage insurance). They are now requiring that. If you get a 80% LTV loan then you'll have no MI on the loan, and that requirement goes away. You can also have a lower FICO score a 80% also.

VA and USDA loans have no seasoning and are easier loans to get. VA loans sometimes have awful appraisers. Make sure and send the lender Comps of the area (sold homes in your properties immediate area) Conventional loans with 10%-20% down have no seasoning also. Just remember on the 10% conventional deal you'll need a higher FICO to qualify for the MI.

Being with the right people can help you have massive profit in this market. The harder it gets the more you can make.

Changing times in real estate is here and you need to be in a group that helps you with these type of problems. Join us and keep up with the changing times and find out how to profit in this market! http://www.rooftopprofitmax.com

Different types of realtors

Understanding Realtors and what type they are, is as important as buying the right type of real estate. How would you know what type of realtor your working with?

I'm personally a realtor and very good at investment real estate. Why is that because I actually do it. I've personally done 100's of successful homes. I also have a construction company and understand construction. What needs to be done on homes vary for example a lot of investors and Realtors make the mistake of over spending on rehabbing.

The realtor wants the nicest home to sell so spending more makes it easier in most cases. In these type of cases usually the realtor is not in the business and do not do investment real estate themselves. If they did have the knowledge then they would understand what needs to be done and what doesn't. Example Flooring in a $50,000 is going to be different than a $250,000 home. If you put the flooring in that you would a $250,000 home in the $50,000 home you've spent to much money. Easier to sale but the clients pockets don't get filled that way.

The investor that spends to much money on investment properties usually does so because they are making the home like their own. That's were a good realtor that understands investment real estate steps in and explains the type of client that will be buying that home. They will also know what the home needs and doesn't. I usually take my clients to other listings in the area so they can see what needs to be done on that home. You will also get you competition in that area.

The retail market is the samething a good realtor will know the areas and listen to the clients. For example a couple I took out that bought a $600,000 home liked the grandest looking home in the area. The inside was important but not as important as outside. I sent my wife out to show them the first batch of homes. She got back and showed me the narrowed list.

I went through the list and looked at the ones that they didn't want and noticed that the home fit all their perimeters. I told my wife to show them that one and they would buy it. Knowing what your clients like and dislike is a major reason that some realtors are sucessful and some aren't.

By the way the clients have lived in that home for 3 years. Again make sure you pick the right realtor for whatever type of property you want to buy.

Brett Young Valley Realty http://sites.google.com/site/rooftopproperties/

Make sure you have an end game

When you are investing in real estate, understanding the different markets will make you more profitable in the long run.

Our company allows you to buy in three states that vary in their prices and profits. For example; Ohio offers homes vary from $25-$50K remodeled in Michigan $25K Remodeled. Phoenix is a little different there is a vast spread on the prices and areas you can buy. The prices I recommend range from $35,000-$150,000 in Phoenix.

Buying the property at the right price is only the first step. Remodeling right and in budget is the most important issue in investing. I've seen people spend so much money in construction and end up loosing in the end. Understanding construction is the most important thing in investing. My company has done 300 plus flips and undestand that the numbers must be right in this area. A home should take 4-6 weeks to get done.

When doing construction remember there is a difference in a rental remodel and a flip remodel. The rental should save you money. The flip would be more detailed and have more upgrades. Better flooring,paint, lighting etc.

The end game is important also. If your selling it or renting it make sure you have it set up and ready to go. If your selling have the sales price and verify it at least twice. Rents can be varified thru running a fake craigslist ad or a good property mangement company. Again we have all this taken care of for you.

In the end make sure you have you team in place and understand your end game with each property.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://MyOptInPage2.com/?pid=5576497

Buying homes at the trustee sales and what is it?

When your buying a home at a trustee sale there are many things things that need to be considered. You usually have just a day or two to collect this information.

1. Make sure you know what lien you are bidding on. Some homes that you bid on are not the first lien, they are actually a second lien. So always be informed. You can find this information through a title company.
2. Make sure that you know if the property is occupied or vacant. If the property is occupied, you will have to have a plan to evict them once you own the home. Cash for keys usually works well.
3. Get a realtor to comp the property, and know exactly what you can sell it for. In the newer subdivisions make sure your comps are in the same subdivision. And if there are multiple builders, try to use the same builder if you can. I just listed a home that had this issue. The subdivision comps came up with a sales price $10,000 under what I wanted to list it for. However, after more research, the homes built by the builder of my listing sold for $10k more than the other builders in that subdivision.
4. Know your construction cost. You may not know exactly what your total costs will be, but you should have a good idea.
5. You are usually responsible for the back taxes on the property. Getting a preliminary title search from a title company will inform you of any back taxes.
6. Know the days on market for your property. Keep in mind you need to own it for at least 90 days for FHA financing. You can get conventional or Va financing immediately.
7. Always look for the properties that has a minimum bid that you like and or no minimum.
8. Always get a good Idea of the spread (difference of all your cost - the sales price) so you can have a pretty good idea of what you can make on that property.

These are a few things that need to be considered when buying at the trustee sales. You will get the lower prices at these auctions. Tha MlS can also get you the same type of result it just takes longer to get.

I do have a great program that is totally turn key and will do all this work for you. just sign in below. Just email and say I want the Turn Key Trustee system.

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

Knowing the true value of real estate

There are a lot of ways that you can value real estate. They may not all be right but they are used. Zillow is a website that comps (sold homes) homes and comes up with a price. The problem with Zillow is it does not take into consideration of the condition of the home. Also was it a short sale, forclosed, retail, tax, trustee sale. You need to know that to get a good idea of what your home is worth.Other things to consider 1-2 bath or more. Garage, no Gargage-Fixup, not fixed up....and much more. Zillow does not take that into consideration.The other way some people do it is thru their friends. They tell them what homes are selling for in that area and boom thats it. I had a listing once that I comp'ed (value of sold homes in that area) and the client had talked to a neighbor. This neighbor had went to some open houses recently in a luxury high end area. He for some reason noticed the bathrooms in these luxury homes and informed my potential client that his bathroom was nicer than any luxury home bathrooms. Therefore his conclusion was that his home was worth 3 times more than any other home in that subdivision was worth. I didn't take the listing.The right way and my only way I do value a home, whether it's an investment home or not is thru MLS (multiple listing service). Realtors are the only ones that have access to this but it's the best information you can get.You need all the details. For example condition, Sq ft, bedrooms, bathrooms,what type of sale is it, and you want the property in the same subdivision or 2 miles radius of that propetry. You want to see the Days on Market and the sales price. You may want to drive the area and see if the lower prices ones are by apartments, busy streets, commercail etc.When you get all these facts you can easily make an informed decision on what that home is worth in todays market. This will help you make money on your home whether you are living in it or if your an investor.One other important tip I should mention if you are an investor is to watch the square footage. Why? Flooring is usually the most expensive part of rehabbing a home. So I like to keep my investment homes around 1100-1800 Square feet. Less fixup more money for you as an investor

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

Learning the internet that easy way

A firm knowledge of the internet is necessary for a successful future in Real Estate. Knowing where to find the answers to your questions is going to help you make the right decision. Also, understanding that your real estate business needs a web presence is crucial. However, being on the internet is not the only answer. You have to be able to drive traffic to your website through comprehensive marketing. You need to learn how the search engines like Google, Yahoo, Bling work, and what you need to do to market there. Some great classes are available on the subject. I'm learning how to market my business at http://listbuildingclub.com/?AFFID=21723. This site will teach you many great things through an easy to use format. The course I took, guides you through all the details in over 100 short lessons. The great thing is their lessons are easy to follow and helps you learn ways to maximize your income.One of the first things I learned about was blogging. I now know exactly how to get stared and how to promote my blog(marketing). My blog currently has almost 400 readers. It really helps me get the word out about my products and services. And it lends me a means in which I can communicate directly with me target market. The http://listbuildingclub.com/?AFFID=21723 will also teach you easy ways to create squeeze pages and how to market them. My squeeze pages have helped me capture many targeted email address. A solid email contact list can help you grow your business fast. If you have a great service, a squeeze page can easily be created around it. One of my squeeze pages is http://myoptinpage2.com/?pid=5486077. Check it out!I've done millions of dollars in real estate as a result of my web presence. Marketing on the web will give a heightened visibility to your business. Instead of hundreds of potential clients you might reach through traditional marketing, the internet will allow you to reach millions.So if you want to kick start your business through the internet then http://listbuildingclub.com/?AFFID=21723 is your best bet. You will even learn how to use HTML on your sites!


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

Understanding your client can make or break your business

There are many different types of real estate clients, all with varying goals and interests. Understanding what your client’s goals are can make your business very profitable. I've probably seem them all in my 24 years in this business. Here are three typical examples: (I’ve changed their names to protect the guilty. Ha!)Roy is a current client. He has purchased 5 real estate investment properties through my program. At my very first club meeting, (only 3 people showed up), my advisor at the time told me that Roy didn’t have any money, and to not waste my time on him. But, experience has taught me to never underestimate anyone. So instead of just glossing him over, I spent time with him and his wife at Starbucks. They explained their finances, and what their investment goals were. I matched them up with some great investment properties. Today, they are very happy investors and one of my best clients. Another investor at that same meeting had a lot of cash. I will call him John. My advisor suggested that I focus on him. I consulted with John and his wife also. Their investment goals did not fit well with my program. They were looking to get rich quick. I have a much more conservative approach. At any rate, they did end up buying a home from me. I also got a listing from them. Even though our philosophies differ, I still have a good relationship with them. You never know, our relationship could develop into something more in the future.
The last type of investor was again at the same meeting. Let’s call her Mary. Mary was a young lady who wanted to buy investment real estate too. She looked promising at first. After over 10 meetings with her, she ended up putting one in escrow. Then over the next excruciating 6 weeks, and what seemed like endless meetings, she backed out of the deal on the day of closing. Mary ended up wasting my time and that of my team. Time I could have been spending with clients serious about buying. These three types of clients all wanted to buy real estate, and had the means to do it. I ended up making money on two of the clients, and nothing on the last one. My focus quickly went to the clients like Roy. His was a serious buyer with goals that matched my program perfectly. He wanted low cost, cash flow properties with substantial equity. And that is what my program offers. Most real estate investment clients are awesome to work with. However, it is very important to know exactly what their goals are. Don’t be afraid to ask pointed questions like; ‘What is your purchase time frame?’ and ‘What is your exact budget?’ You may also want to get your fee up-front to see just how serious a buyer they are. Spending more time with viable clients and weeding out the questionable ones, can help your business grow much faster. Brett Young - Valley Realty http://www.rooftopprofitmax.com/

Things you need to know about your own business

Starting your own business in real estate can be tough if you don't have the right tools. I'm going to gear my, “Starting Your Business”, series toward investors and real estate professionals. There are three common problem areas when starting any business. They involve emotion, confidence, and lack of follow up. The emotional part is maybe the hardest. As with most small businesses, you are the key representative. It is you and the public’s perception of you that can make or break your business. If you allow your emotions to take the lead this may affect what a client thinks of you and your business. For example, if you’re upset about a family, business or any other matter, shelve it when you are talking to a client. Think of that conversation as a business transaction. Business is business, personal issues have no part in it. You might be saying, “Wow, that’s impossible!”. Not if you want to succeed. Statistically, that client will mention you to at least 2-3 of their friends or acquaintances. What they get from their interaction with you will echo on and can have lasting effects. As a real estate professional, you are going to have some bad days, that's life. But don't get so emotional that no one wants to do business with you.Confidence is also very important to making it in your own business. Getting up every day and hitting the ground running is so essential to you success. I get up each day with one thing on my mind, ‘What can I do to marketing my company today’. If I do not generate new business every day, I will fail very quickly. You are probably wondering what this has to do with confidence? In business, getting sales and new leads gives you the confidence to keep going in the real estate business. The more business you do, the more money you make, and the more confident you become.The last thing I will talk about is follow-up! Follow-up is key to both getting new clients and retaining old ones. Always keep in contact with your clients. Touch base on a regular basis. I do that through monthly meetings, my website, newsletters and email. Follow-up is especially important with new leads. Make sure to call or email all your new leads. And give them a personal touch. Let them know that you truly care. Once they know you are invested in them, you will be surprised how many will convert. Taking a few extra minutes to do this is always worth it. You never know when they will respond. I had an opportunity that I blew off. It was a short selling. I thought it would just take up too much of my time and that the money was not worth it. I was wrong. I discovered that my friend had a short sale system that works very well, and it would take very little effort from me. That business opportunity has since yielded 4 listings and the possibility of making $12,000-$25,000 extra. So following up in your real estate business will get you more business in areas you may never have known about.


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

Starting your own real estate business

I hear a lot of people that want to get in the real estate business. They go to all the seminars and get all these CD courses that cost $1,000's of dollars. They take the course home and some actually listen to it. A lot of the information is acqurate and very good. But you still have no property.
The only problem is getting the whole thing going. People think that real estate is a part time thing, but it isn't. Making great money at real estate takes a lot of work and time. Knowledge of Prices, rent, construction, property management, and areas are very important. You need to have knowledge of these things to or you could lose thousands of dollars.
Having the right training and resources can get you making great money right out of the shoot. I've done 450+ plus homes and have seen a lot of things in real estate. The main problem I see is cost and time. You have to get your home at the right price and that includes rehabbing! You also need to make sure it gets done in a reasonable time.
This is what I do and I don't charge you a fortune to learn the real estate game. I find the homes and get all the other things done while you relax. I also can train you to start your own real estate business. I can get your own business up and going quicker than you think.
What is a real estate business? Their are many parts Selling, Buying, construction, property management and knowing how to select the investment properties to know if it;s a great deal or not. Making money is easy if you have the right tools and learn the right way to do business.
Give me a look and you'lll find out unlike other experts I have a real estate-construction and property management companies that are active today. I've been very successful and want to share my ideas with you. Brett Young ValleyRealty http://www.rooftopprofitmax.com/

Marketing do's and don'ts

When your doing marketing do your homework. Their are all types of ways to advertise your product. I'm going to go over a few successful ways I carved out a great income from my advertising.
The first is postcards. With the birth of the Internet this path is lessor traveled. I had just started in real estate and started sending out 150 postcards a week. They were basically for listing properties. I consistently sent them out for 10 weeks with no success. On the eleventh week I got a call from a gentleman that needed a lot sold. I listed and sold that lot. He then let me sell a home and bought two more homes from me after that. He was a plumber by trade and called me on a home he was re plumbing and wanted to know what it was worth. I informed him of the value and he said the owner would sell it to him at a considerable discount.
I was searching for a home in that area at the time and offered him $10,000 over what he was paying for it. He sold the property to me and I remodeled it and lived their for two years. After that property was sold I made over $75,000 from that one post card that I continue to send out today.
Another great way to advertise is social networks. You can network and find people with common interest and potential clients. The biggest asset that it brings you is notarization. It shows people that you have a presence in the market and brands your name and business. People need to see your name a few times to trust it and remember it. So social networking can help get your business, website, blogs, and events out the the world.. It will at least get some new traffic in your business.
The last one I want to talk in this article is events and having events. Meetup.com has boatloads of these events. You can find meetings that you may get business from. You can also find social meetup's and hobby type stuff. You can join these meetings and you'll get their schedules. I would always have business cards in my pocket when you go to these types of meetings. That's just another sign you can put out their when your at these meetings. Meetup does cost some money but is well worth it.
You can also create your own events that can meet up weekly, monthly or whenever you want. These meetings do take a while to build a following but does keep you in direct contact with your clients. So if you have a slow start don't quit be consist ant and run your meetings at least monthly. I had three at my first one and sold 6 homes to two people that where at that meeting. Have an interesting information and always be at the top of your game when you have these type of meetings. Set up an affiliate program with your business to create word of mouth growth for your group. All that is paying people to refer people to your business. Be creative when growing your company.
Other event social sites Facebook, Craigslist, Oodle and I'm sure their are more!!

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

Personality of Business/Knowledge

When you decide to start a business , there are many things you need to know in order to be successful. The first is knowing your product.
Goober Pet World, (now Goober Pet Direct) was a home delivery pet food service that owned. I had built it to over 6000 customers when I sold it. One reason I had so many customers is that I knew my products. Goober had over 300 types of pet food, with many off brands. These brands came from large companies, usually $60 million plus in revenue. If a customer called wanting Science Diet Maintenance, I had that. But, I also had another brand called Diamond Maintenance. It was formulated almost exactly like Science Diet. The only real difference was the price. I would sometimes be able to switch the customer to my brand, Diamond.
That did a lot for my business. I was one of the few companies that carried the Diamond line of food. My company was the only one that could deliver the Diamond product anywhere in the Phoenix Metro Area. That gave me a big boost. Anyone, anywhere could buy from me in the Phoenix Metro Area.
It is like that in real estate, I know Construction, Lease Optioning, Renting, Property Management, Private Lending, and much more. This allows me a larger market share, because I know my product. I was not satisfied only knowing certain aspects of real estate. I had to know everything about it. This in depth knowledge allows me to be the expert. And that knowledge is valuable.

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

How I made $30,000 whole selling

My Valley Realty Partner and I had ran a very expensive ad in the yellow pages. The ad was $2300 a month that got us a lot of great buys. One in particular was in Maryville.

A lady had a domestic violence issue with her estranged husband that just got out of jail. I'm sure he was a great find a some point in his life : } I went to talk to her and informed her not only what I would pay but what she could get on the open market if she wanted to do some work on the home. She informed me that her quick exit would be the best thing for her to do. When your doing this type of deal you want to make sure that you can wholesale it and or flip it. In this case I decided to wholesale it.

I figured Valley Realty could make $30,000 and the client could make about that much too. I knew that because I was doing the construction and knew what the cost would be. I immediately sold the home and made a quick $30,000. We then had to back up what we said and get the home done and sold. Which we did and the client made a great return on his investment. When your looking at doing wholesale properties make sure the company or person selling it has all the proper numbers put together.

Heres an example they should have an inspection and quote for all work being done before you close (if in escrow make sure it is done before the inspection period is over). Then look at the sold properties in that area and make sure that the numbers match up. Remember the home needs to be sold. You may also want the whole seller to have some vested interest. Check his references also, don't get all excited and emotional on a buy make sure you have all the facts before closing!

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

Making sure that all you ducks are in a row

I was reading the Wall Street Journal. There was a piece on Rookie Home buyers by June Fletcher. The article talked about a 1st time buyer that had saw the $8,000 tax credit and decided to buy a home in the Atlanta area. This person was a manufacturing engineer and actually did a quick walk through and decided to put a bid on it. He took a short vacation and the realtor informed him that the property was under a bidding war. Basically that means more than one person is bidding on it. So he upped his bid and won the condo, he got emotional on this condo. He won the condo and signed a 33 page contract and opened escrow. He got an inspection and found that the home had considerable more damage than he originally thought. The article talks about he had a problem getting out of his contract (probably a little overboard), you do have an inspection period that you can back out in.

Me and my team have all the processes in place that insure that this does not happen. We make sure that after escrow is opened we know exactly what we have to do. Through inspections and contractors all the bases are covered. You really need to do your homework when you start buying a home for yourself and investing. Check out the realtor and or person your using to find you a home. They should have a resume and some people you can call to verify that they know what their doing. Take your time and never do anything in haste. Making sure that all your bases are covered before getting into the real estate game!

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

Making mistakes in real estate investing

I found that the key mistake I see and have made is being emotional about your decision making on a transaction. I talked to a potential client last week and he had done just that. He had bought a condo in Tempe close to ASU (that's a great location). Where I think he made a bad decision is that he bought this while out of state. He thought he'd purchased a condo from a trustee auction. What had actually happened he'd purchased a wholesale condo for $65,000 and the fix up (for flipping it) was $3,000. The $3,000 would be a flag to me, if your flipping then you need to make sure that you have a pristine remodel. The realtor that sold it did not disclose that her client or her had purchased the condo for $42,000. Another huge flag, for just a $3,000 remodeled they could have sold it for supposedly higher than $65,000. The condo had another big problem was that the unit was a 1 bedroom and 1 bath. That shrinks your market considerably, basically 1 or 2 people can live there that's it. You also have a lot of apartments your competing with in that area. He had voiced concern on the rehad and said he didn't think it was up to par. Understanding how to do these transactions is very important to your wallet. What he should have done is get comps first. Look at the value and days on market. He should have detailed the rehab and make sure that everything that needed to be done was getting done. I would have also liked some kind of time line on the rehabbing. Then I would have checked the people telling me to buy and make sure that they done this successfully before. When you hire a coach you want to check out their resume before you hire them. I sincerely hope this gentleman makes money on this transaction, but doing your homework before hand and having the right team around you is crucial.

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

The real estate investor: What makes us tick?

What to make of the investor entrepreneur? We are a strange breed; investopreneurs. When speaking to non-investopreneurs something just does not click. They just do not seem to relate to the world in the same way as we do. Is this fact or just perception?
Well, research has shown that it is fact. In an article written for Forbes Magazine, Mathew Harper examined two of the world’s most successful entrepreneurs; John Simplot and Bill Gates.
Eighty years ago, a 14-year-old John R. Simplot ran away from home because he was sick of milking cows. Eventually he built a fortune growing potatoes; he still supplies McDonald’s with french fries.
Sixty years later, Bill Gates dropped out of Harvard to run a small startup called Microsoft. Now, of course, he's the richest man in the world.
What do these two men have in common? Or better yet what do they share that the rest of humanity does not? Until recently, the widespread belief was that entrepreneur’s are a bunch of ultimate risk takers that through caution to the wind.
A recent study by Kelly Shaver, a professor of psychology at William & Mary College found that this theory is mostly incorrect. From his data, Shaver and others have been able to draw some basic conclusions. For instance, entrepreneurs and normal people seem to worry equally about financial independence and/or a feeling of being motivated in their jobs. Neither a need for financial, nor personal independence seems to have caused any of these people to start their own business. Nor, do the entrepreneurs seem to be devil-may-care risk takers. Only a subtle difference in the way they appreciate risk emerged. Entrepreneurs are simply worse at coming up with reasons they might fail. So far there is only one other big difference between those who go into business for themselves and those who don't. Shaver found that entrepreneurs don't care what other people think about them. They just do not concern themselves with other people opinions.
Statistically speaking, then, Simplot and Gates and we investopreneur’s would seem to have two things in common: We have trouble imagining failure, and we don't care what anyone thinks.
Why is this important to understand? Well, having this understanding might help us to explore our inner motivations. Maybe here we can discover just what is holding us back or not, from taking the necessary leap to meet our goals.
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Lori Young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Less mistakes makes you money

A mentor is a more experienced person who is willing to help a less experienced person learn a specific topic or skill. Using a mentor is a great way to learn a subject quickly. A mentor will give one on one attention that will allow for unfettered access to their knowledge and experience.
Picking a mentor can be tricky. There are often many mentors to choose from and not all of them are good. Be sure to research their resume’s. Ask them for references and evidence of their success’s.
I am thrilled to announce that Rooftop Investment will be opening a mentoring program soon. This program will allow investors to meet with me one on one or in small groups, to learn the real estate business in specific detail. I have enjoyed 25 years of involvement with real estate and have seen both failures and successes. This experience has given me the know-how to act as a guide to others who want to learn more. If you are an investor or a real estate agent you may want to consider taking part in this new program.
There will be two programs to choose from. Both programs will be 4 weeks long, one 2 hours per week, the other for 4. All needed materials will be provided. These sessions will be customized to your needs. A thorough needs analysis will be done upon the initial meeting where a course syllabus will be determined.
The mentoring topics will include anything and everything having to do with residential real estate including, but not limited to; financing, renting, lease option, selling, buying, flipping, construction and property management.
Knowledge in real estate can make costly mistakes avoidable and save valuable time. Profitability is goal and knowledge is the key. This program will get you there faster.
If you are interested in learning more email lorindasky@yahoo.com.

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

Our new mentoring program

A mentor is a more experienced person who is willing to help a less experienced person learn a specific topic or skill. Using a mentor is a great way to learn a subject quickly. A mentor will give one on one attention that will allow for unfettered access to their knowledge and experience.
Picking a mentor can be tricky. There are often many mentors to choose from and not all of them are good. Be sure to research their resume’s. Ask them for references and evidence of their success’s.
I am thrilled to announce that Rooftop Investment will be opening a mentoring program soon. This program will allow investors to meet with me one on one or in small groups, to learn the real estate business in specific detail. I have enjoyed 25 years of involvement with real estate and have seen both failures and successes. This experience has given me the know-how to act as a guide to others who want to learn more. If you are an investor or a real estate agent you may want to consider taking part in this new program.
There will be two programs to choose from. Both programs will be 4 weeks long, one 2 hours per week, the other for 4. All needed materials will be provided. These sessions will be customized to your needs. A thorough needs analysis will be done upon the initial meeting where a course syllabus will be determined.
The mentoring topics will include anything and everything having to do with residential real estate including, but not limited to; financing, renting, lease option, selling, buying, flipping, construction and property management.
Knowledge in real estate can make costly mistakes avoidable and save valuable time. Profitability is goal and knowledge is the key. This program will get you there faster.
If you are interested in learning more email lorindasky@yahoo.com.

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

Hedging your bet with this economy

This economy has given us an incredible opportunity! Home prices are as low as we have seen them in 40 years. And interest rate are equally low. This is a perfect time to invest. However, some areas are better than others. Rooftop investment has done the homework. We have a specific profitability matrix that all our areas and properties must go through before we will recommend them. This matrix has proven itself time and time again and is currently providing thousands of dollars in income and equity to our members.
Rooftop is recommending buys in parts of Ohio, Michigan and Arizona. Our members get only the cream of the crop. Real estate is a numbers game, so investors must go where the deal are.
Our philosophy is that investors do not have to be millionaires to invest. We find investment homes that are affordable, have very good rents and are in solid neighborhood.
Buying homes from $10K-20K is the best way to hedge your bet on this economy. Even if prices continue to drop, a 20% decease will only amount to $2k-$4k. It is our opinion that our recommended areas have hit the bottom. In fact many of these neighborhood are seeing improvement now. Remember, this economy will pass and money invested now will produce great future return.
Our product consistently doubles the equity. That means a $35,000 a home it will appraise for at least $70,000. This together with great cash flow puts our investors in strong strategic positions until things turn around. That is the basic theory behind hedging your bet.
I have 8 properties in Phoenix and with the market turn have seen my cash flow and equity evaporate. That is why I shifted my thinking. I have now invested in 24 low cost, cash flow investment homes in the Midwest. Now when this economy turns, I will be in a position to make a very large sum of money and have great cash flow in the meantime!
They are not making any new dirt and land in cities will be at a premium again. Buying homes in these areas will help insure a balanced and strong financial future.
Do not sit on your duff and let this opportunity pass you by. Set yourself up and hedge your bet. This will allow you to get rich and have financial freedom in the future.

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

Why Rooftopprofitmax.com was created

Rooftop Investment was created to the help the average investor take advantage of the terrific opportunities the current residential real estate market offers. We enable investors to buy homes where the deal are. Our turn key system provides all the tools necessary for worry free investing, even if those deals are located out-of-state. And we find investments that fit every budget.
Our trouble free turn key home buying system, allows members to buy incredible real estate for $10K-20K in beautiful neighborhoods. These properties cash flow $300+ and have $20K-$70K in equity. This system gives investors more freedom and opportunity to be successful. Investors who work regular jobs can now easily invest in their future through real estate.
Our membership also provides power in numbers. As a large investment group, we can get the best service and pricing in the communities in which we buy. Our system has saved our members thousands of dollars!
The Rooftop System also offers education. We get investors into investment properties ASAP, so they can earn while they learn. Our members make money right out of the gate and learn along the way. We offer our support and expertise from start to finish; from choosing the property that is right for you through securing a tenant and receiving your fist cash flow payment.
Rooftop Investment was created for people like you and me to make money in real estate at a reasonable cost. We have set up a system that investors can plug into and have all the right people at their finger tips.
I never imaged that Rooftop Investment would have achieved such success in such a short amount of time! We have now completed 268 homes! It has been a great experience so far and it will only get better.
Brett Young, Valley Realty http://www.rooftopprofitmax.com/

Is Gender an issue?

While it is true that women face gender specific obstacles pertaining to investing, women hold the power to be extremely successful.
Statistically females face greater financial challenges than men: they live longer, they generally earn less and typically are more conservative with there investments. Also, psychologically women can be their own worst enemy: lack of self confidence, fear and putting other’s priorities ahead of their own, keep many women from joining the ranks of the financially free. All these things may be true, but does this mean that women face a bleak financial future? NO! For the vary reasons women are not consider contenders in the fortune and fame game, are the same reasons women can and are succeeding in the world of real estate investing.
Living longer only gives women more opportunity to become wealthy. Starting with less money only means that it may take women a little longer. But because women live longer they have the time. Conservatism leads to more research, which leads to fewer costly mistakes and bigger payoffs in the end. Lack of self confidence is easily overcome by taking advice from the experts and beginning with baby steps. Fear is a universal issue, only foolish investors do not experience this. Fear is only a factor, if it leads to paralysis. Knowledge and support through investment clubs and literature is a great way to work through fear. Prioritizing a secure financial future is a “no brainier” even for the most co-dependant among us.
My experience is that there are plenty of successful women investors out there. In our group, RooftopInvestment/ACFVIPA, more than half the membership consists of women. In my opinion, women are under recognized for their contribution to our economy through thriving real estate investment businesses.
- Lori Young, Valley Realty http://www.rooftopprofitmax.com/

My Trip to Lansing

Whenever, I travel to Lansing, Michigan I am pleasantly surprised. The media wants us to believe that the State of Michigan is uninhabitable and should be evacuated as soon as possible! But the way I see it, is that the neighborhoods are clean and nice, and the potential for investment is HUGE! Lansing is the capitol of one of the largest states in the union, is home to Michigan State University, the nation’s largest law school and industry is growing. A windmill factory just opened employing more than 2000 people. Sparrow Hospital continues to expand, while a new urban renewal project is prompting the redevelopment of downtown with high end lofts and condo’s. The city is thriving with numerous retail stores and restaurants; Biggby Coffee Houses and The Peanut Shoppe, to name two. Unbelievably, homes in great areas there are selling for below 15K!
In my opinion, this is a great area of opportunity! I walked through many potential investment homes and the quality is high. Most of these homes can be completed and cash flowing $300+ for under $25,000! This makes the risk very low and allows many investors to enter the market, that once could not afford to. In my opinion, how can you afford not to?
Our staff there is professional and can handle your investment with ease. The property Manger-Contractor understands our system and can help with all the details. Our agent is an investor himself, and knows how to find the best deals. I would highly recommend investing in Lansing. But do not delay. These conditions will not last forever!
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Listening to the right people

Getting the right message is essential for state of mind in both life and business. Anthony Robbins teaches this best, He recommends that the only people worth listening to are the one’s with a proven track record. Verify that they know what they are talking about. There are a lot of so called experts with many different opinions. Everyone has a right to there own opinion, but we have the right not to listen to them.
I remember in the late 80’s I listened to someone who informed me that I would get into major financial trouble if I kept buying investment properties. Unfortunately, I listened to them. If I would have done my home work and trusted my gut, I probably would have been retired by now.
So how to you know who to listen too? I had someone in one of my seminars interrupt my conversation with a potential client. He told the client that rental properties were a pain. I immediately ask him how many properties he had rented. He said none. ‘Nuff said.
When receiving advise make sure they have the experience to back up what they are saying. Would you go to a podiatrist to treat a headache? Of course not!
The real estate business is challenging enough. Be sure to receive counsel only from those who truly know what they are doing. Talk to people, do your homework and trust your gut. Ultimately, it is up to you to make the final decision. Take charge. Do not rely on the unreliable. Your financial future depends on it! Brett Young Valley Realty http://www.rooftopprofitmax.com/

Dealing with problems

Problems are just a part of doing business. It is how they are handled that can make the difference between success and failure. The creative problem solver can succeed against any adversity.
The creative problem solver has the ability to step back and take a non-emotional look at the issue, then formulate a creative plan to fix it.
Example: As the market turned here in Phoenix, my ability to make money as an investor decreased. I had to examine what I was doing, and how I was doing it. This lead me to the conclusion that I had to make some drastic changes or waste precious, profitable time sitting on the sidelines waiting. I believe in the saying, “when nothing changes, nothing changes”. Waiting just is not part of my DNA, so I took action.
Using my experience, I created a way that my clients and I could buy and profit from out of state investments. The “Turn Key System” was born. I took what I had been doing in Phoenix and applied it to a more profitable market, putting all the players needed in place. It has become so popular, that I have sold over 150 homes this way.
The key is to not become emotional, and use the brain and creativity that God has provided. It also helps to be nice.
Example: A few months ago, I had a contactor giving me a lot of grief. He made promises of deadlines, he did not keep. I wanted to wring his neck, but I kept my cool. I basically babysat him through completion of that job. My fear was creating further delays, by firing him. Once he was done, I simply never used him again on construction.
I later found out that his real skill was renting properties. He has leased 3 properties in two weeks and is currently working on another. Had I lost my cool and fired him, I would have never had the opportunity to use him in this manner. My patience has allowed me to put the right person in the right job, helping my business immensely.
Learning how to act and respond to problems can make or break you in this business. It will also help
Being a problem solver will change your world and help you not only live a better life but a more profitable life.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

To flip or not to flip

It seems that everyone wants to be in the flip business and reap great rewards! However, it is not as easy as one might think. I have done 100’s of flips and know that while flipping can be fun and produce great profits, if not done right it can lead to financial ruin.
Below are a few things that should be considered before launching into the flipping business. 1) Money. For example: In the Phoenix market an investor will need around $50K liquid in order to play. With the program Rooftop Investment is now offering, our private lender will look for 20-30% down and sometimes fix-up costs. So with the average price of homes selling between $150K-$200K, $50K should get you in.
2). Know the market. What types of homes are selling and where? The goal of flipping is to be able to sell in the end. If homes are not selling in a particular area, do not buy there. What the values are in that subdivision? For example, be sure to only use only “like” homes for comparables. Are the sold homes auction, REO’s, short sales, or retail sales? This is important to know to determine true value.
3). Construction cost. This can make or break an investor. This cost should be known before the inspection period is over. In the case of an auction property, an inspection period is not available. So the investor must know the costs before purchase. As a rule of thumb, this cost should be based on the “spread”. For example: if the investor has a $50K equity position, the construction costs should be somewhere between 15k-20K.
4). Closing cost. Closing costs are often over looked. The investor can get this cost from any Realtor. Realtors have a program that calculates the closing cost. All commissions and interest payments (if needed) should be included. Also, remember, investors are entitled to a discount. This will can save the investor $100’s.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

If you are looking to start a business in real estate, there is a lot you will need to know. It is not difficult, but it does take time.
Learning to use the web and computers is a must. A year ago, I did not know much about internet marketing. Then, I read “The 4 Hour Work Week” and was so inspired, I actually applied it right away. Since then, I have launched 2 websites and have learned all about organic advertising (Free). This has helped my business soar to new heights. Getting information out is extremely important. If no one knows what you have, no one will buy it. Many people have great products, but no way to show it. The internet is a fast, effective and inexpensive way to market your business.
Hiring a consultant can also help you boost your business. Specialized consultants have the resources and knowledge to help you strategize the most direct line between where your business is today and where your potential can take you.
Disorganization is one of the fastest ways to fail. Make sure that all your systems are in place. As they say, “the devil is in the details”. Some simple streamlining can save you a great deal of time and money.
Thorough product knowledge is another key to success. You MUST be the expert. You need to know every aspect of your business. In my case, I have to be on top of many things; Purchase price, rent, tenant landlord laws, population of renters, market trends, rehab costs, just to name a few.
You will also need to have the right people around you. For example, when I interview Realtors there are several key things I look for; Product knowledge, professionalism when working with clients, experience in working specifically with investors, efficiency, communication skills and most of all attitude. In my mind, attitude is everything. I have no patience for negativity. I want solutions, not problems.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Making more money with us

Advanced Cash Flow VIP Academy and Rooftop Investment were created to help our members make money through investment property. We have developed several different money streams that can be taken advantage of.
The most straight forward method, of course, is buying real estate through our turn key system. Our system allows members to buy in a variety of areas, giving them the best opportunity to find investments that fit their portfolio goals. For example; Michigan homes run $25K or Less, Ohio $35K-$45K, and Arizona is around $40-150K. (All include rehab).
Private money is also available for these homes through our group. This allows members to maximize their investments and equity positions.
Our 1 up referral system is another way for our members to create income. This system allows members to make $1500 per referral, (after their first one) and $1500 on each and every one of their 1st referrals. Ten referrals equals $13,500, plus another $13,500 on all of their 1st sales! That is a total of $27,000 dollars! Not chump change!
We will soon have an educational site and a realtor program that will allow members to make even more money!
ACFVIPA offers our members support through our websites, phone calls, emails, and monthly meetings, held live and online. Our meeting are designed with an educational side and a referral support side. This means that members are welcome to bring guest to our meetings to learn about investing and all the benefits of membership.
Our goal is to help create 10,0000 millionaires! We hope to speak with you soon.
Our meet up site address is http://www.rooftopprofitmax.com/
Brett Young-Valley Realty

Marketing your property

It is a smart strategy to begin marketing your property before the rehab is finished. This will put you one step closer to cash flow.
Investment homes need to be rented ASAP. The perfect time to start marketing your property is around two weeks before the property is ready to be occupied.
Creating a document that has all the stats and pictures of you home is helpful. You can then quickly email your potential tenant a profile of your property. This will give the tenant a great look at your home and increase the change that he will rent it.
Another great way to show your home is by setting up a free web album with Google. This creates a link to a slide show of your property. Not only will this help with tenants, it is a good tool to use for insurance and appraisals.
Make sure you put an email address and phone number on your ad. You would not believe how many people forget to do this. The phone number should be the property manager’s and the email should be yours. If you do not want to use your primary email, you can create a new one. It is easy and free with providers like Google and Yahoo.
You can also set up a free website for your property in Gmail. The site will create a link that you can send out with your ad. This gives your viewer a chance to click the link and see your property and all your advertising.
Learning few simple steps will help you in renting or optioning your property a lot faster.

Brett Young-Valley Realty http://www.rooftopprofitmax.com/

How to get real estate the right way

I started this business to help investors have a choice. We offer investment properties in 10 cities and plan to open more cities soon.
I look for the cheapest homes, in the best neighborhoods, with the highest rents, in cities with the most potential for growth. For example; Cleveland is building new hospitals and expanding their old ones. This will bring many more higher paying jobs to the area, which will in turn attract more renters willing to pay more for nicer homes.
Lansing, Michigan, has a new windmill factory that has hired over 2000 people. They are also building a large new mall and are expanding their freeways. And do not forget, Michigan State is located there with a never ending supply of renters.
Location and a large rental pool are not the only things to look for when you are ready to invest in real estate. Price is also a huge consideration. Being able to buy in several cities throughout the country allows the investor to choose properties from a variety of price ranges. We have homes from $10,000 up.
A buying system with all the players in place also helps to save time and money. Our company provides everything you need to be a successful investor. You will find that all of our cities offer, licensed realtors, contractors and property managers, who are there to assist you throughout the process.
Choices allow investors to make the very best decisions regarding their portfolios. Be sure to do your home work and review all the options out there before each purchase you make. This will ensure that you are maximizing your entire investment potential.
Brett Young - Valley Realty http://www.rooftopprofitmax.com/

My thoughts on residential homes versus multi-units

I have both multi-units and single family homes in my real estate portfolio. Both can be very profitable, but there is a distinct difference in the two.
While Multi-units have a greater potential for cash flow, they can also cost more. Tenant seem to be more transient in the apartment like units. With a higher turn over, comes more cost. Each time a tenant moves out, there are certain repairs that need to be done and vacancy days with no cash flow. Some investors do not mind this because of their ability to generate more income.
Residential homes seem to attract a more stable tenant. Families gravitate to these homes, and once the kids are in school, the families like to stay put. In most cases, the cash flow is solid, repairs are minimal, and they rent fairly quick.
The other difference is sales. The market of potential buyers is much larger for residential homes, than for multiplexes. This makes residential homes much more liquid for the investor.
Lease options or land contracts are also mush easier to acquire for residential homes vs. multiplex properties. (Lease optioning or land contracts tend to get more money down and a higher monthly payment.)
So when your are considering each type of property, keep in mind their differences. Make sure they fit your portfolio and exit plans.
Everyone is different, so plan your future according to your needs. Enjoy the process.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Learning Property Managers

Property management is probably the most important piece to putting together a successful real estate investment business. The number one expectation of any property manager should be to keep your properties rented. However, depending on the circumstances, it can take some time. Using licensed property manager truly helps. They will have all the processes in place to better publicize and manage your property. The ones that seem to be most successful have leasing agents. Finding tenants is all they do. The cost is a little more, but when you have a higher percentage of rented units, it means more money in your pocket.
A good relationship with your property manager is essential. The manager is part of your business team. Remember, generally speaking your property manager is not making a lot of money from your rental. His business is based on volume. So at times you may need to be patient. You are not the only client the manager is handling
If your unit is vacant, then follow-up regularly with your manager, but do not hound him. In most cases the manager is doing all they can to get your unit rented. However, if you have a problem rental, then give your property managers options to help get it rented. For example; Run a 90 day $ off special. Then after the 90 day’s the rent goes back to normal. Or throw in a micro-wave or other small appliance. These incentives will help make your rental stand out among the others.
Being productive, with new ideas and ads will help you not only keep your property rented, but you will soon learn the best ways to keep it that way! Brett Young Valley Realty http://www.rooftopprofitmax.com/

Getting Tenants Faster

Marketing your rental property is very important. The goal is to get your money rolling in as quickly as possible. Even if you have hired a property manager, it does not hurt to do some advertising yourself. There are many free ways to accomplish this. Craigslist is one.
Craigslist is a great inexpensive way to publicize your rental. This ad will give you constant exposure. It is nationwide and used by millions of people. If you have properties in multiple states you can advertise all of them here.
When you write your ad make sure you use your property manager’s phone number, not yours. Your property manager probably knows more about the property than you do. Also, make sure your property is listed on the manger’s website if they have one.
Before you create the ad, make sure you have all that you need. Pictures of your home and the dimensions of various rooms will produce more interest and better results. The formation should be accurate and appealing. Words like remodeled, nice neighborhood are a few good words you can use. You may need to try several different adds to see what work best. Once you get your best add and flyer, your in business.
There are great ways to keep this simple. Create a more detailed flyer that you can automatically send out to prospective tenants. And be sure to save your ad, so it can be used over and over again.
Remember, it is important to screen the tenants. So be sure to let your property manager take over once you have found a prospect.

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

Getting Tenants Faster

Marketing your rental property is very important. The goal is to get your money rolling in as quickly as possible. Even if you have hired a property manager, it does not hurt to do some advertising yourself. There are many free ways to accomplish this. Craigslist is one.
Craigslist is a great inexpensive way to publicize your rental. This ad will give you constant exposure. It is nationwide and used by millions of people. If you have properties in multiple states you can advertise all of them here.
When you write your ad make sure you use your property manager’s phone number, not yours. Your property manager probably knows more about the property than you do. Also, make sure your property is listed on the manger’s website if they have one.
Before you create the ad, make sure you have all that you need. Pictures of your home and the dimensions of various rooms will produce more interest and better results. The formation should be accurate and appealing. Words like remodeled, nice neighborhood are a few good words you can use. You may need to try several different adds to see what work best. Once you get your best add and flyer, your in business.
There are great ways to keep this simple. Create a more detailed flyer that you can automatically send out to prospective tenants. And be sure to save your ad, so it can be used over and over again.
Remember, it is important to screen the tenants. So be sure to let your property manager take over once you have found a prospect.


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

Another Brett property story

Buying investment properties can be challenging and sometimes scary if you do not know what your doing.
I had purchased a home in Mesa for a client. The home was a 3 bed, 2 bath home with a pool. We brought our contractor in and started working on remodeling.
During this time we brought in our pool guy to get a quote on the pool. The quote came in at about 3 times the cost of a normal pool resurfacing.
We got a second quote and again the quote was 3 times the cost of our usual quote. With further investigation we discovered the problem was pine trees roots. The roots were literally lifting the pool up out of the ground.
Pools usually bring about $8k in value for appraisals in Arizona. The cost of this pool was $11,500, which was more than it was worth. So we decided to bury the pool for $2500.
After trimming some other costs, this investor still cleared about $8,000 on the property.
The moral to this story is, make sure to allow enough financial wiggle room to cove the unknowns that come-up from time to time. That will ensure you make money on every deal.
Brett Young - Valley Realty http://www.rooftopprofitmax.com/

Creating your own economy

The first thing to consider when creating your own economic stimulus is how much money you need monthly? How much does it cost you to live every month? Remember to include your must have’s; car payment, mortgage, food, toothpaste etc. Do not forget cable, savings, the second car, your vacation budget too. This is the number you need for cash flow.
Next, determine how many properties are needed to reach that number. Example: 10 properties in the selected Midwestern cities. Average cash flow is $300 a month which multiplied by10 equals $3600 a month or over $42,000 per year.
The average equity is 25-70K per property. So you have between $250,000-$700,000 total equity. Equity is your nest egg. It is like a savings account that can be tapped into through re-financing, sale or lease option. This is the money that can be used for those special and unexpected costs.
This is a great cash flow and economy booster for you. As you can see, a fortune can be made in real estate doing it this way.
All of the above numbers are based on actual appraised values and neighborhood comps. Get you economy going today. Don’t wait. The sooner you start, the sooner you will have a strong financial future.

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

Why buy out-of-state?

People often ask me, “why should I buy income properties in other states?”. Hear are a few reasons why I think it is a good idea:
Price sometimes limits the neighborhood in which you can buy. Other States offer quality neighborhoods with great schools at surprisingly low home costs.
Also, the cost can be is less for better quality homes. With nicer homes in better areas comes better equity positions. The key here is the Point of Sale requirement. which is limited only to certain locations.
It is also important that the area offers higher rents with more tenants. We look for 35% to 45% renter population.
Quantity of product is also essential. The more properties you have to choose from, the better chance you have of finding that “gem”.
Also buying in other states amortizes your risk. Real estate tends are cyclical and regional. The more areas you own in, the more secure you will be in your success.

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

Why buy real estate?

In today’s economic state there are very few investment options that leave the control in the investors hands. The stock market allows ownership in a small percentage of a company at a price that is determined by the public. This company, usually a large corporation, is run by a high priced CEO that may or may not have your best interest in mind. As we have seen lately, they often do not.
Real estate on the other hand allows you much more control. Sure the economy influenced the real estate market, however, because you are the CEO, you can take immediate action to ensure your company’s success. You can rent, lease option, sell, wholesale, take on a partner and much more. The key is that you are the boss and in complete control of your investment company’s future.
With ownership comes responsibility. When it comes to real estate investments, knowledge is king. And where you gain that knowledge can mean the difference between just turning a profit and building real wealth. It is very important that you learn from experienced pro’s who make a career out of making you money. These experts can also help you put together a team of professionals who will help you build a solid portfolio. It is very important to use the right realtor, contractor, property manager.
That is were we come in. Rooftop Investment was designed with investors in mind. We take the guess work out of real estate investing through our unique program. Everything is done for you. Our properties are pre-screen for profitability. You will know the total costs and income potential going in. You will also have access to our qualified team of professions who will help you each step of the way, from the purchase transaction through rehab until tenants occupy your property and you are receiving your monthly cash flow.
Today, more than ever, real estate is the best way to secure a solid financial future. Interest rates are at a 30 year low and home prices are extremely affordable. (Our homes range from $25,000 to $45,000 including fix-up). Remember when you decide to take charge of your financial future and become you own CEO, be sure you employ the right people to ensure your success.
Brett Young http://www.rooftopprofitmax.com/

Another Brett investment story

This is actually not a story, but some tips I have on appraisals. How do you make sure an appraisal really reflects the actual value of the property?
I’ve done over 400 homes in my life and never missed an appraisal in Phoenix. Now having been involved in several transactions in the Midwest, I very comfortable about how the process works there also. Knowing what your property is worth is a very important part of being a successful investor.
FYI….Appraisals are really just the opinion of that particular appraiser. And appraisals are not recorded anywhere unless it is accepted. What I am saying is that you do not have to accept one appraiser’s opinion. Don’t be afraid to ask the appraiser where he got his numbers. Point out anything you think he might have missed.
I had one appraisal come in $5,000 below where I though it should be. I immediately told him that I did not except his appraisal and would be getting another opinion. The second appraisal was more accurate.
When evaluating a property, the best place to start is with current sales in the immediate area. I like to at least 3 like properties. Then, the home’s features should be considered. Keep in mind that different areas have different criteria. In Ohio for example, 1 or 2 baths does not make a difference in value. In AZ this could make a $30,000 difference.
Of course recent updating or rehabbing is extremely important. One thing I have done in the past is to provide the appraiser before and after photos. This proves that the improvements were done after the last appraisal and should be factored into the value.
There are many other factors that must be considered. I will be speaking on this subject at an upcoming meeting. Watch for the date.

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