Written goals are one of the most powerful things that you can do to take you towards your dreams!
Over 15 years ago I wrote goals that included running a multimillion dollar real estate investment company and while some goals have changed today that dream is a reality in part due to the continued refinement and development of written goals. I can tell you where you will be in 1, 5, and 10 years to get the answer keep reading…
The wall street journal has an article about CALPERS changing thier real estate strategy. From real estate private equity to CASHFLOW.
http://online.wsj.com/article/SB10001424052748704013604576104470130722678.html
Do you have some cashflow in your portfolio? There certainly is a place for some flips, rehabs, etc but cashflow is where you make money long term in real estate. Do you need to discuss your real estate goals with a professional real estate investor? Call me…(512) 782-8982 or email me.
This week I made an offer on a foreclosed property this week. It was listed for 69K but I only wanted to offer 45 to 50K. Why such a low offer on an already reduced priced house? The house originally had a loan on it for over 133K and I only wanted to offer 45 to 50K b/c of the foundation issues that will require a foundation repair and will forever impair the salability of the house. In addition the plumbing will most likely require some repair if not today sometime in the near future b/c of the foundation work that is needed. Can this house be financed today? Continue reading Offer on a foreclosure in Austin
Please see the file entitled multi-leg real estate exchange. This is courtesy of The Society of Exchange Counselors (SEC). You can find thier website at www.secounselors.com
Here is the link http://www.slideshare.net/ronseay/multi-leg-transaction-formulas or click the follwing link:
you can also download the pdf file from the mybox section on the righthand side of my blog. Just look for multi-leg transaction.
What is a mulit-leg real estate exchange? It is a series of exchanges that allow you to take your real estate from where you are to where you want to go. How do you make something like that happen? With lots of flexibility and patience. You need to be able to move into assets that may not exactly fit your needs at this current time. They may not be the best fit for your long term financial plan. They may not even be in this country! They are simply a way to go from where you are to where you want to be. You need to be able to answer the question, “What else can it look like?” Have you heard the story about 1 red paper clip?