Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts

Wednesday, January 6, 2010

Hard Times In Real Estate Because of Government Regulations

I haven't been posting in a while, because my industry is stuck in the clutches of a menace: The government. There is no money to be made for most of us. The few that do have listings get them from the banks, and clear 1% to .5% of a profit after expenses generally. Business is slow, to say the least.
Here is a letter I recently sent to another Realtor who was seeking help with closing a deal. I was able to close mine because I am very good at what I do, am very proactive, have a great team of people helping me, and I got a little lucky. She will not be able to close the deal, the investors who are selling the home will lose money, and the banks will not profit. All of the parties agree to the terms and price. Everyone wants this deal to happen. This economic travesty is all because somebody in government decided that they new better than the people running their own businesses.
"Hi,
Here is the report you requested. I hope it helps. Unfortunately, the government has mandated that our markets continue to decline so long as there is a single distressed sale of a dilapidated home within 1 mile of the subject property. This only creates gridlock. And it destroys our means of making a living.
If you are tired of the government telling you, your clients, and the banks how to run their businesses I recommend this course of action:
1) Contact your representatives regarding repealing the Home Valuation Code of Conduct.
2) Vote Libertarian in all issues.
3) Recall/vote out anyone who creates new regulations and new taxes. "Progressive" policy is bad economic policy dressed up in new age, politically correct clothes. Democrats and Republicans are the same party on this issue.
The appraisers who your client pays for are now government employees, but your client still pays the bills. The appraisals you get are not an accurate representation of market value, and have no value to your clients. Why should your client be required to pay for this? Would you like to work for the government also? Enough is enough.
Best regards,
M. S. Gentile
Broker
(818) 726-5982
http://RealVana.com
http://BlackAndWhiteRealEstate.blogspot.com
Refer me to your family and friends.
I will provide your referrals with the same impeccable service that I give to you."
Whats next? The government is taking away a Realtor's choice of title and escrow companies, the very team of people we work so hard to put together that allows us to negotiate this turbulent market through a rewrite of another intrusive set of laws: the Real Estate Settlement and Procedures Act.
VOTE LIBERTARIAN before we reward our politicians again for acting in our worst interests. Repeal nearly everything possible. It will hurt, but it will also clean away the rotting flesh from the wounds our nation is suffering from.

Tuesday, September 2, 2008

Cross Boarder Blogging Makes Good Pizza?

I am in the discovery phase of building a wood burning pizza oven at my home. I found a site that offers instructions on how to build them. After contacting the owner, he requested that I write an article for him. Check it out: How Eating Pizza With Your Friends... Can Sell Your Home Faster and For More Money?!!?
When the oven is done, we can eat some of the best pizzas around after we finish your transaction.

Tuesday, April 1, 2008

Turnkey Duplex

11670 Erwin Street, North Hollywood, CA 91606

The Numbers:

-$45,000 down payment (asking $469,000 but should sell for as little as $450,000)
+ $9,000 credit back from purchase
- $3,650 for adding a feature, shade, and painting front patio
= $39,650 total cash outlay

+$2,900 current potential combined rent
-$1982.81 mortgage payment (10% down, interest only, owner occupied @ 5.875%)
= $917.19 profit per month without any work


This property does not have a private feature. It also has a small shared backyard, an unfinished front patio, and a dilapidated common wall. By adding a plug in spa, inexpensive landscaping in the back, and two $299.00 canopies, you will have added large amounts of value for both units in the form of a lush, private spa.

Painting the front patio will add to the curb appeal (the valuable first impression). You should be able to rent both units for $3,450 combined after making these small fixes.

The Final Numbers:

$3,550 combined rent
- 1982.81 mortgage payment
-$562.50 tax payment
= $1,004.69 Profit after all major expenses

This income property is quick, clean, and permitted!

Call me to view this property or similar properties at (818) 726-5982 OR email me at Realtor.MG@gmail.com

To get info on qualifying for a loan on this or other properties, call Katy at (949) 981-2256

To view more properties in any area, go to http://realvana.com to search for free, with no registration required.

If you have a property that you would like me to feature here or if you currently own one that you think needs my advice on how to optimize its income potential, contact me here!

Thursday, March 20, 2008

What am I doing?

I have been finding awesome investment opportunities for my investors for a long time and I come across so many properties that my investors and I cannot buy, fix, construct, rent, and manage them all.
When I talk to people about how easy it is to make these opportunities pay off, I realized that their interest level is very high and that they would love to know more. If these people could only feel as comfortable as me and my investors with doing what we do, there is nothing to stop them from taking advantage of these investment opportunities.
There are millions of books with principals, theories, general ideas about Real Estate investment. I couldn't find anything with real properties that are for sale now, illustrating how to turn these into money makers. This blog is for people who a want passive cash flow, financial leverage, and the tax advantages of owning Real Estate.
All these people need is a little knowledge and advice, confidence, and to see the numbers in black and white. That is what I am going to do! You will find bits of education, tips, and important notes in big type so that you can't miss them. You will see the important numbers in similar size.
Come back often, the first person to write a check and claim a property is the one who will get it. Let me know what you think with your comments, add your own tips and knowledge, and thanks for reading!