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Do You Have What It Takes To Be A Million Dollar Real Estate Investor??????

19 Oct

Anyone who seeks financial wealth must first learn the fundamental truths and models that drive it. The Millionaire Real Estate Investor represents the collected wisdom and experience of over 100 millionaire investors from all walks of life who pursued financial wealth and achieved the life-changing freedom it delivers. This book–in straightforward, no nonsense, easy-to-read style–reveals their proven strategies.

The Millionaire Real Estate Investor is your handbook to the tried and true financial wealth building vehicle that rewards patience and perseverance and is available to all–real estate. You’ll learn:

  • Myths about money and investing that hold people back and how to develop the mindset of a millionaire investor
  • How to develop sound criteria for identifying great real estate investment opportunities
  • How to zero in on the key terms of any transaction and achieve the best possible deals
  • How to develop the “dream team” that will help you build your millionaire investment business
  • Proven models and strategies millionaire investors use to track their net worth, understand their finances, build their network, lead generate for properties and acquire them

The Millionaire Real Estate Investor is about you and your money. It’s about your financial potential. It’s about discovering the millionaire investor in you.

Meet the author of this dynamic book: Gary Keller

Meth Lab Rehab Explodes Into A $35,000 Profit

18 Oct

There was a Meth Lab in my neighborhood that got busted by the Police. I contacted the Owner, and after he spent a year arguing with the Insurance Company, and finally got them to pay $20,000 to have it cleaned up/certified as safe to live in and free to resale. This was a perfect distressed property and distressed owner situation in a decent neighborhood to jump all over.

What went right was that I bought it on July 2, 2009, and on October 7, 2009, I closed the deal. The deal being my sale of the Distressed House to an Owner-Occupant for a profit of $35,000.

Let us back up. My name is Matt Seidel. In my investing experience, I have flipped & rehabbed a few homes, done a wholesale deal, and I own several rental properties. One time I bought a condo at an Auction for $27,500 that previously sold for $107,000, and it came with a Tenant paying $565 and needed NO Repairs. Equally as important is that I am a Realtor, so I have been involved in a lot of residential deals that my clients were doing. I even successfully listed and sold an Apartment Complex in 78703 last year for 900k.

Ok now that you know a little about me, let me explain how working with this distressed owner and home landed me a cool $35K profit.

I was in and out 95 days total from the day of purchase, all the way through remodel, and resale, and closing. That is pretty darn good. My Hard Money Lender and I put the After Repair Value (ARV) at $190,000.

Yes, you read that right. I got a Hard Money Loan at 13% with Interest-Only Payments of $1,192 a Month.

I purchased it for $80,000 from the distressed seller, it was after all a former Meth Lab, and he was motivated. Turned around and took out a Hard Money Loan for $110,000. They took my 5% fee out of that, and I used the rest to rehab the property.

I also ended up spending an additional $5,000 of my own cash to finish up the House the way I wanted to finish it, which was very High-End. I did real wood floors, tile in baths & kitchen, carpet in bedrooms, granite slab counters in kitchen, and both baths. Custom maple cabinetry throughout, new tubs, toilets, paint, baseboards, sinks, upgraded plumbing & lighting fixtures, new exterior doors and new stainless steel appliances rounded out the complete rehab.

Here were my 5 Steps to Profits:

1. Located Distressed Single-Family Home (Austin)
2. Bought for $80,000.
3. Took Hard Money Loan for $110,000.
4. Spent the $30,000 on the Remodel.
5. Sold for $172,000 — Real Profit was $35,000.

All was not smooth sailing. What went wrong was that at one point, when my Tile Guy was busy, I had some idiots do the tile surrounds in the baths, and they totally did it wrong and it looked like crap. They also chipped both of my new tubs, which I then had to have refinished for $300 each. In addition, of course, I had to pay my Tile Guy extra to tear out what they did and do it over, correctly.

The great thing was that I had a rehab flip completed in 3 months, and I used Hard Money to buy it and remodel it. It was awesome!

Meet Kenny Rushings……

17 Oct

Kenny Rushing is the founder, CEO and Managing Partner of Rush Capital Fund, LLC. In 2000, he started his first company First Time Development. Kenny added Rehabber’s Superstore in 2003, where he acquired and disposed of more than $75 million dollars in distressed real estate assets to investors and completed over 1000 transactions. Kenny is an internationally known author, keynote speaker, educator, civic leader and philanthropist, whose passion is helping others achieve financial independence and security through real estate education.

Today we hear many remarkable stories of lives that endured hardship and have been turned around. In Kenny Rushing’s life, it is an account of transformation that is extraordinary. Kenny was born in Des Moines, Iowa and at age 10  was a homeless young man from the inner city that was desperate to survive and help his family. His journey from humble beginnings to phenomenal success as a real estate investor, in spite of overwhelming odds against him, is inspiring. He gained a new sense of values and became wiser in life.  He attended the University of Wisconsin – Baraboo  taking classes in business, technology and economics. Kenny never looked back. These lessons came in handy when the global economic shaking affected the real estate business. Kenny weathered the storms to remain successful at buying/selling distressed mortgage notes and bank assets. Through it all, he emerged stronger and has become the leading authority on How to Buy American Real Estate. He recently appeared at Robert Kiyosaki’s Live and Uncensored in Las Vegas event where the response was tremendous. He also is a much sought after keynote speaker, travelling to conferences in Scotland, London, and India.

Kenny Rushing’s true passion is in giving back to the community. He regularly donates his time and expertise to rehabbing projects that improve undeveloped areas nationwide and plans to do more. He is also a frequent and generous contributor to programs that provide positive role models for youth. He will say with great enthusiasm that it has always been his goal to give others a chance to be successful. In 2007, he received an award from the Essence Magazine Empowerment Seminar Series, after appearing at their annual event held in New Orleans. Kenny shared the stage with some of the country’s most dynamic speakers, authors and national leaders. He also has been recognized for his sponsorship of the Martin Luther King Jr. Leadership Breakfast and his commitment to supporting Tampa Bay  schools.

In May 2011, he launched the Buy American Real Estate Tour™, a sold out three day event in Tampa that featured real estate investing experts Robert Gries, whose family owned the NFL Cleveland Browns, four time Tampa Mayor Dick Greco, Edward Kobel, CEO of Debartolo Investments (NFL San Francisco 49ers) and 28 nationally known real estate experts. He has seen first-hand that so many people need help to rebuild their lives literally from the ground up! He believes that it’s time for people to band together and RISE ABOVE RECESSION! Kenny created the Buy American Real Estate Tour™ to teach people how to invest in real estate and take back their dreams of owning a home.

Kenny lives in Tampa, Florida with his wife Katrice and their children, Kayla and Kenneth Jr.

Visit his website: http://www.kennyrushing.net/