I'm sitting here in my beautiful backyard contemplating what to write. I have had amazing experiences just in the last week. Let me share some of them with you. First, I went to Denver last weekend to attend their Wealth Summit. Jen Matlock was the instructor and I knew she would give me some golden nuggets, she is smart and willing to share all she knows. I was right, I did receive some golden nuggets. You see, I have an Arizona property we are taking to close. This is the most fun and stressful time of the whole transaction.
It's a timing thing. Taking all the parties involved to do what you expect them to do and put it together perfectly. Like a Thanksgiving dinner...tons of dishes ready to eat at the same time. This process begins once an approval letter is received. Negotiations begin, yes I said negotiations. Our approval letter is for $84,000 to close on or before October 15, 2010. Well, here's the thing...I begin marketing my properties once I receive my approval letter. I'm fast but not that fast. I don't have a doubt the property will get sold, but unless it was a cash offer I couldn't close it simultaneously with my approved price. Yes, I could close it with the bank for $84,000 but that would require having short term financing vs 24 hour funds, which cuts into my profits that I protect viciously! And it would take substantial funds out of my own pocket to make short term financing work. My new offer comes in for $80,000.
I also begin negotiating for an extension with the lender, hoping to give me another 30 days which would put me in a position to use 24 hour funds. Well, after reviewing the conditions of the approval letter I see a clause I can't live with. It's telling me I can't resell it for 30 days or they will consider it "flipping"....which is so far from what "flipping" is all about. If you want to learn more about that, then go to my website http://www.moneymama.biz and sign up for a Wealth Summit. Most would walk away from this deal, why? It's because they don't know what they are doing, scared and not willing to learn. I am renegotiating with the lender to remove that clause. They know I'm an investor, they know I intend to resell this property, they know the Seller/Owner knows my intention etc. Their fear is money will be given to the seller and not to them. Well, the seller isn't getting any money from this transaction so nothing to worry about right?
Where does the bittersweet come in? To market the property and receive greater profit, I must clean it up. A fresh coat of paint is being put on as I type this...not by me but by someone I hired to work for me. The yard is getting cleaned up and the carpets are getting cleaned in the next few days. I have turned the utilities on in my name ALL before it's mine. Why would I do that? I believe that is why most people won't pull the trigger and buy a property. They don't want any risk, they are not willing to do what it takes to build their confidence in learning how to do this. If Real Estate was easy everyone would be doing it.....it's not easy BUT it's simple. I have a calculated risk. Let's look at the worst case scenario...if I didn't close what would I really be out? Only money, but what would I have gained? I would have gained greater confidence in taking a transaction this far. Either way I look at this, I've won!
In reality, I'm not without struggle. I learned to strengthen my emotions. Moving forward with the confidence that the end result will happen just as I planned. Will I have hurdles to overcome? Probably, but I'm emotionally fit to not feel them as much as I use to. I'm happy with my growth, my strengthening experiences its what brought me to this point. That is why I coach others, mentor others and direct others along their path, all because I have been down that road.
I almost forgot! I haven't told you what I'm marketing it for. My sells price is $115,000. My marketing officially begins Oct. 1st. To put this in perspective, the original mortgage was over $200,000 and the Retail value is $119,000-$121,000. I'm priced below market value and buyers are lined up ready to go look. They are simply waiting for the work to be completed. I'm excited to sit down at the closing table....exhilarated to feel the accomplishment of a transaction completed. I Love cashing my check and then, do it all over again. How many hours have I spent on this property? My guess is less than 10 hours total. Not a bad paycheck if I say so myself!!!
Where does that leave us? Real Estate, Real Fun in Real Time....
Go create yourself a fabulous day!
Jody
Showing posts with label real estate agent. Show all posts
Showing posts with label real estate agent. Show all posts
Wednesday, September 29, 2010
Wednesday, September 15, 2010
Unveiling...
Today is Wednesday, a day that is offering great reflection. I am reviewing my business plan for 2011, my marketing plan for 2011. Reflecting on thoughts that have assisted me...Rambling on in my head. I thought this morning I would do something most would never even consider, that is a 20 minute writing. I do them often but I usually am writing, not typing. I promise I will go back and reread this to make sense out of my random thoughts. When you are writing, that is one of the "rules", not to rewrite your words. When you reread them you will know what your core issue is hiding deep down. The more your do these exercises, the deeper you clean.
This is being pretty open for me. I am walking through what I guide my coaching clients through to give them an awakening. I thought I had already been awake, but now knowing we all go to sleep as well and awakening is an ongoing activity. Funny how I learn so much from my 20 minute writings. I can do them because no one else ever has to read them. My kids or husband may find my notes in journals then all the truth will come out. A part of me wants to know when I am to die, I have considered burning them. What good would that do? keep me hidden from the ones I love? Silly statement when I see it written out. But truth is like that, learning to know who you are with full acceptance, well anytime you want to hide you are not accepting. I feel resistance in writing down what is in my head for fear of retribution or criticism. Funny how that always is the case, I try to be open but when I am I get reprimanded because I'm not following someone 's. I have simply learned to keep it to myself. Interesting. When Doug and I were driving home from Highland, UT we stopped at a red light. Doug mentioned we could turn and get to Draper from here. Great idea but I was still drawn to go straight into the traffic, construction and willing to participate in a longer drive home ALL because it was familiar to me. I was startled at how hard it was for me to deviate from my norm, my normal actions. Long story short, we turned and enjoyed a pleasant drive to Draper without the traffic and construction. Beautiful views, great weather and great company.
If any of you reading this... you can see I simply ramble. Pause, Pause, Pause, I'll do it! I am faced with negative thoughts, thoughts of me not good enough right now. I only have three houses I'm working on, to me that's not enough. I find myself in the same cycle over and over never doing or being enough. That right there is false! I know I am good enough and I know I do enough. I can only do what I do that moment and it's the best I can give right then. Can I become even better? YES that is the goal but you notice I said "even better" which gives me the words of acceptance but improvement all at the same time. It don't hear lack of anything. It pushes me forward to become even better than before. That feels good.
I was wondering who I could talk to, receive council from but I realize I have put myself in the position of leader. People come to me to get council not to give it. Being that leader is sometimes a lonely place so I revert to my 20 minute writings.
I am learning to be more open to others about my feelings of lack, my feelings of not being good enough. That is hard all reverting back to the fear of being criticized, fear of rejection, fear of retribution. Interesting facts I have learned about myself. Showing me I have more work to do to walk through these fears.
After this writing I am more motivated to enhance my killer marketing plan, my killer business plan :) Love it!!!! I get so pumped after I write because of clarity --- the reason I do what I do becomes the driving force of my day. Love it!!!
This is being pretty open for me. I am walking through what I guide my coaching clients through to give them an awakening. I thought I had already been awake, but now knowing we all go to sleep as well and awakening is an ongoing activity. Funny how I learn so much from my 20 minute writings. I can do them because no one else ever has to read them. My kids or husband may find my notes in journals then all the truth will come out. A part of me wants to know when I am to die, I have considered burning them. What good would that do? keep me hidden from the ones I love? Silly statement when I see it written out. But truth is like that, learning to know who you are with full acceptance, well anytime you want to hide you are not accepting. I feel resistance in writing down what is in my head for fear of retribution or criticism. Funny how that always is the case, I try to be open but when I am I get reprimanded because I'm not following someone 's. I have simply learned to keep it to myself. Interesting. When Doug and I were driving home from Highland, UT we stopped at a red light. Doug mentioned we could turn and get to Draper from here. Great idea but I was still drawn to go straight into the traffic, construction and willing to participate in a longer drive home ALL because it was familiar to me. I was startled at how hard it was for me to deviate from my norm, my normal actions. Long story short, we turned and enjoyed a pleasant drive to Draper without the traffic and construction. Beautiful views, great weather and great company.
If any of you reading this... you can see I simply ramble. Pause, Pause, Pause, I'll do it! I am faced with negative thoughts, thoughts of me not good enough right now. I only have three houses I'm working on, to me that's not enough. I find myself in the same cycle over and over never doing or being enough. That right there is false! I know I am good enough and I know I do enough. I can only do what I do that moment and it's the best I can give right then. Can I become even better? YES that is the goal but you notice I said "even better" which gives me the words of acceptance but improvement all at the same time. It don't hear lack of anything. It pushes me forward to become even better than before. That feels good.
I was wondering who I could talk to, receive council from but I realize I have put myself in the position of leader. People come to me to get council not to give it. Being that leader is sometimes a lonely place so I revert to my 20 minute writings.
I am learning to be more open to others about my feelings of lack, my feelings of not being good enough. That is hard all reverting back to the fear of being criticized, fear of rejection, fear of retribution. Interesting facts I have learned about myself. Showing me I have more work to do to walk through these fears.
After this writing I am more motivated to enhance my killer marketing plan, my killer business plan :) Love it!!!! I get so pumped after I write because of clarity --- the reason I do what I do becomes the driving force of my day. Love it!!!
Thursday, September 9, 2010
Leverage...great word but what does it really mean?
I was thinking of the word leverage. Leverage is a great tool to use when you need something other than your personal strength to get something done. How would one use leverage in Real Estate? How did the leverage of the banks lead us to ruin? I looked up the word Leverage and the definition is as follows: to use for gain : exploit (definition: a notable or heroic act) shamelessly (definition: a painful emotion caused by consciousness of guilt, shortcoming, or impropriety) leverage the system to their advantage — Alexander Wolff. By adding in the definitions of the not so common word, let's reword it to make sense for us normal people!
Leverage is use for gain, worthy of noting, leverage is used without consciousness of guilt or in accord with fact, truth or right procedure so they can take advantage of the system.
Rewriting it that way it sounds pretty underhanded. Is that how we interpret the word Leverage without even knowing it? Is that what keeps us stuck in the mundane cycle of our working careers? Is that what keeps us from learning the secrets of the Rich? Is that why we interpret or say "the rich will climb over anyone to get to the top", interesting for me. Now that could all be true but why is leverage so important to use?
I believe how I understand it now is to do that different from the "norm", different from solely being dependent on oneself. Why does that sound so contradicting? Sometimes you simply need assistance, agreed? Because one requires assistance does not mean they are weak, it does not mean they are not honest in their business dealings. Isn't that the core challenge we hear unconsciously with the reworded definition of leverage? Moving through life less than honest. We all strive to be honest people but don't we catch ourselves saying "he's not honest in his business dealings" or "it's business" ...like that makes doing business anyway different than doing right by/to other people. As T. Harv Ecker states in his "Secrets of a Millionaire Mind", our money blueprint is a critical clue into our current situation. How does your bank account look?
How impressive would it be to learn the honest art of leverage? In real estate investing you can do that. You learn the correct way to conduct a transaction, treat others with respect but you can leverage your knowledge to squeeze out greater income from one deal. How? by learning how to do it right, by learning to understand how assets pay you and by learning how to remove the emotion out of the deal. You are buying the numbers! Period! If it doesn't work for the other party that's fine. Move on. Let's look at it this way...if you had $1.00 and you went to buy a candy bar that cost $1.50. You have a choice, either come up with the other .50cents or ask the owner if he would sell you that candy bar for $1.00. Now not only you have a choice but the owner has a choice. The worse thing that they could say is "no". They are not saying no to you, they are saying no to those numbers. Make sense?
Now to leverage your retirement fund with real estate investing....simply buy property through your R.F. and put the proceeds back into your account. Watch it grow exponentially tax free!!!! That my friends is the correct use of Leverage!!! now it's time to put it into effect and get started.
Create yourself a wonderful day!
Jody
Leverage is use for gain, worthy of noting, leverage is used without consciousness of guilt or in accord with fact, truth or right procedure so they can take advantage of the system.
Rewriting it that way it sounds pretty underhanded. Is that how we interpret the word Leverage without even knowing it? Is that what keeps us stuck in the mundane cycle of our working careers? Is that what keeps us from learning the secrets of the Rich? Is that why we interpret or say "the rich will climb over anyone to get to the top", interesting for me. Now that could all be true but why is leverage so important to use?
I believe how I understand it now is to do that different from the "norm", different from solely being dependent on oneself. Why does that sound so contradicting? Sometimes you simply need assistance, agreed? Because one requires assistance does not mean they are weak, it does not mean they are not honest in their business dealings. Isn't that the core challenge we hear unconsciously with the reworded definition of leverage? Moving through life less than honest. We all strive to be honest people but don't we catch ourselves saying "he's not honest in his business dealings" or "it's business" ...like that makes doing business anyway different than doing right by/to other people. As T. Harv Ecker states in his "Secrets of a Millionaire Mind", our money blueprint is a critical clue into our current situation. How does your bank account look?
How impressive would it be to learn the honest art of leverage? In real estate investing you can do that. You learn the correct way to conduct a transaction, treat others with respect but you can leverage your knowledge to squeeze out greater income from one deal. How? by learning how to do it right, by learning to understand how assets pay you and by learning how to remove the emotion out of the deal. You are buying the numbers! Period! If it doesn't work for the other party that's fine. Move on. Let's look at it this way...if you had $1.00 and you went to buy a candy bar that cost $1.50. You have a choice, either come up with the other .50cents or ask the owner if he would sell you that candy bar for $1.00. Now not only you have a choice but the owner has a choice. The worse thing that they could say is "no". They are not saying no to you, they are saying no to those numbers. Make sense?
Now to leverage your retirement fund with real estate investing....simply buy property through your R.F. and put the proceeds back into your account. Watch it grow exponentially tax free!!!! That my friends is the correct use of Leverage!!! now it's time to put it into effect and get started.
Create yourself a wonderful day!
Jody
Tuesday, August 31, 2010
Tired or Re...tired Yet?
Are you tired of feeling behind? Scared you will not have enough money during your older years? Is your fear of poverty blinding you to a faster and smarter way of building retirement funds?
Feeling behind is common. You are most likely someone who is working and has been working most of your life. Working is not bad but working to simply earn a paycheck is the traditional way. How's that working for you? If you have only a few years left, are you starting to feel the panic yet? I know how that feels. I felt so stuck, my back was against the wall. The older I was the less income I made. Jobs were few and far between. I knew I had to find a different way of looking at money. I saw other people living comfortably but was it too late for me? I had a decision to make, learn something different or be satisfied with working till I was 80. Social Security would take care of me for a few years... until it ran out, then what was my option?
Let's dive into what you can do. I started Investing in Real Estate 5 years ago (www.moneymama.biz), other people did why not me? Honestly, my fear of losing everything was paralysing me. Come on, what did I really have to lose? I already was down to nothing? I stepped into the common sense corner and looked at what was available. I knew I wanted more than just learning a Real Estate strategy, I was thirsty for the business side of it. What did I know about how to save on taxes? How did I know I wouldn't be slammed with taxes and be buried alive? Did I want to start buying up property to have them all taken away? That was not my idea of being successful. I have been a loose cannon on tons of new adventures sure but this time, I wanted to be an educated loose cannon! When I started into this new venture, I was clueless. I'm not really proud of that but how else can I say it. I was clueless. I was familiar with the real estate basics but not the business side. I know there are so many people out there just as clueless as I was, that's when I decided to start writing. Writing what I have learned, putting it all out there fears and all. My blog,
www.moneymama.biz is where I post my thoughts. Joining others to take on their life before their retirement years is my passion. Giving others a choice in how they will spend their older years is rewarding... it's their choice if they will spend those years with peace of mind.
You can choose to work less and be paid more once you know how that is done. That can be scary in itself. Learning the unknown but knowing it exists because others have already walked the path of success. There are others out there who are successful in Real Estate Investing with their retirement funds secure. We hear everyday in this economy how scary Real Estate is, how bad the market is etc. For me, this economy is like a big swap meet. Everything is on sale. I buy property low then I sell it low, everyone wins! www.moneymama.biz
Are you ready to learn what it takes to put financial peace of mind back into your life? Take a look at your old way of thinking, start with a new direction. Forward momentum is a choice. As this unknown author states so beautifully, “Sometimes you have to let go to see if there was anything worth holding on to.”
Feeling behind is common. You are most likely someone who is working and has been working most of your life. Working is not bad but working to simply earn a paycheck is the traditional way. How's that working for you? If you have only a few years left, are you starting to feel the panic yet? I know how that feels. I felt so stuck, my back was against the wall. The older I was the less income I made. Jobs were few and far between. I knew I had to find a different way of looking at money. I saw other people living comfortably but was it too late for me? I had a decision to make, learn something different or be satisfied with working till I was 80. Social Security would take care of me for a few years... until it ran out, then what was my option?
Let's dive into what you can do. I started Investing in Real Estate 5 years ago (www.moneymama.biz), other people did why not me? Honestly, my fear of losing everything was paralysing me. Come on, what did I really have to lose? I already was down to nothing? I stepped into the common sense corner and looked at what was available. I knew I wanted more than just learning a Real Estate strategy, I was thirsty for the business side of it. What did I know about how to save on taxes? How did I know I wouldn't be slammed with taxes and be buried alive? Did I want to start buying up property to have them all taken away? That was not my idea of being successful. I have been a loose cannon on tons of new adventures sure but this time, I wanted to be an educated loose cannon! When I started into this new venture, I was clueless. I'm not really proud of that but how else can I say it. I was clueless. I was familiar with the real estate basics but not the business side. I know there are so many people out there just as clueless as I was, that's when I decided to start writing. Writing what I have learned, putting it all out there fears and all. My blog,
www.moneymama.biz is where I post my thoughts. Joining others to take on their life before their retirement years is my passion. Giving others a choice in how they will spend their older years is rewarding... it's their choice if they will spend those years with peace of mind.
You can choose to work less and be paid more once you know how that is done. That can be scary in itself. Learning the unknown but knowing it exists because others have already walked the path of success. There are others out there who are successful in Real Estate Investing with their retirement funds secure. We hear everyday in this economy how scary Real Estate is, how bad the market is etc. For me, this economy is like a big swap meet. Everything is on sale. I buy property low then I sell it low, everyone wins! www.moneymama.biz
Are you ready to learn what it takes to put financial peace of mind back into your life? Take a look at your old way of thinking, start with a new direction. Forward momentum is a choice. As this unknown author states so beautifully, “Sometimes you have to let go to see if there was anything worth holding on to.”
Wednesday, August 25, 2010
Take the Money and Run?
Retiree's debate this question everyday. Traditional pensions allow workers to take a lump sum distribution but is that really the best plan? Angie Marek from Smart Money states, "Taking a lump sum can also create tax complications..."
The real question is what is the best answer for you? Do you know what to do if you choose the lump sum option? Do you know what to do to avoid huge tax complications? I believe one should understand what the end result will be PRIOR to making a decision. I was always told by my good friend Brian Buffini, "When you put on those levi's and they don't fit remember, you didn't gain those 10lbs overnight." That may be a tongue and cheek answer but you didn't reach retirement age in one day. It has been over a life time of choices that has you where you are. Now to figure out what to do about it and hope you make the correct choice. I believe it's time to learn BEFORE you reach retirement age so you can create the outcome you are looking for. Others have, why not you?
As Jeff Carbone, a financial adviser in Cornelius, N.C. states...To the millions of workers scraping by with a crash-depleted 401(k), having a (lump sum) pension can seem like the next best thing to a lottery ticket...often on top of Social Security...many actual pension holders are quietly becoming casualties of the tough economy.... “The world is changing.”
There are several options out there for a person to grow their retirement funds safely. Creating that security we all are seeking. How much do you want to receive every month to live comfortably, not dependent on anyone else or the government? Think about it, does it really take age to retire? NO, it takes money. If you had your plan in place and you choose to retire at age 40 then go for it and have a blast! Is that possible? Yes it is if you know what you are doing. Is it time you figure out if that works for you? Do you want $5,000 or $10,000 a month coming in during retirement? how many years do you want that income to be accessible for you? For example, the statistics show you would need $5,210,607 in assets that pay you, if you decided to receive $5,000 for 40 years based on Y2005 dollars and using a 3.49% inflation per year. How close are you? Can you feel comfortable knowing you have your estate in order and not feel the effects of those huge tax complications? www.retirewealthy.biz offers a free eReport on growing your retirement funds exponentially tax free.
As Albert Camus stated, "Life is the sum of all your choices." Join the movement and get educated, learn what to do and how to safely...take the money and run! You deserve it and your family deserves it. www.MoneyMama.biz.
# # #
MoneyMama.biz guides and directs others to live life in their timeframe on their terms so they can be more and do more for those they love the most.
Create yourself a fabulous day..
Jody
The real question is what is the best answer for you? Do you know what to do if you choose the lump sum option? Do you know what to do to avoid huge tax complications? I believe one should understand what the end result will be PRIOR to making a decision. I was always told by my good friend Brian Buffini, "When you put on those levi's and they don't fit remember, you didn't gain those 10lbs overnight." That may be a tongue and cheek answer but you didn't reach retirement age in one day. It has been over a life time of choices that has you where you are. Now to figure out what to do about it and hope you make the correct choice. I believe it's time to learn BEFORE you reach retirement age so you can create the outcome you are looking for. Others have, why not you?
As Jeff Carbone, a financial adviser in Cornelius, N.C. states...To the millions of workers scraping by with a crash-depleted 401(k), having a (lump sum) pension can seem like the next best thing to a lottery ticket...often on top of Social Security...many actual pension holders are quietly becoming casualties of the tough economy.... “The world is changing.”
There are several options out there for a person to grow their retirement funds safely. Creating that security we all are seeking. How much do you want to receive every month to live comfortably, not dependent on anyone else or the government? Think about it, does it really take age to retire? NO, it takes money. If you had your plan in place and you choose to retire at age 40 then go for it and have a blast! Is that possible? Yes it is if you know what you are doing. Is it time you figure out if that works for you? Do you want $5,000 or $10,000 a month coming in during retirement? how many years do you want that income to be accessible for you? For example, the statistics show you would need $5,210,607 in assets that pay you, if you decided to receive $5,000 for 40 years based on Y2005 dollars and using a 3.49% inflation per year. How close are you? Can you feel comfortable knowing you have your estate in order and not feel the effects of those huge tax complications? www.retirewealthy.biz offers a free eReport on growing your retirement funds exponentially tax free.
As Albert Camus stated, "Life is the sum of all your choices." Join the movement and get educated, learn what to do and how to safely...take the money and run! You deserve it and your family deserves it. www.MoneyMama.biz.
# # #
MoneyMama.biz guides and directs others to live life in their timeframe on their terms so they can be more and do more for those they love the most.
Create yourself a fabulous day..
Jody
Tuesday, August 24, 2010
Calculated RISK...or do they really mean common sense?
Let's go to the Real Estate "common sense" corner...what's really going on and what you really should consider. Solutions to getting into great real estate deals now. How does risk free real estate sound?
People trying to ride the wave of real estate can either jump in or be paralyzed by what they hear so let's get some facts on the table. Keep in mind, since there is no ceiling in real estate it means there is no bottom. Is real estate too risky? It can be if you don't know what you are doing. Consider house prices in California, stated in "the people history"; 1950 prices were around $14,500, 1960 prices around $18,500, 1970's around $26,600. What about now?
Look at what Zach Fox from the North Country Times in Calculated RISK Finance & Economics states in another Deal of the Week: Riding the waves in Oceanside (California). He states, "The featured 2 BR 2 BA condo sold for just under $100 thousand new in 1990. It went into foreclosure during the early '90s California housing bust, and was resold in 1995 for $33,000.
By 2000 the condo was above the original selling price. And then "rode the bubble" to an outrageous price. The condo went through foreclosure last year and sold in February for less than the original price in 1990! Adjust that return for inflation ..."
What does all this mean? If you knew how to read the market, understood what the current conditions were saying during the 1990's, would you have seen this wave coming?
History shows clearly the prices have gradually increased over each 10 year period. What I have come to learn is most people avoid the real estate arena because; they are scared to jump in, big time fear holds them back , they don't have the time to really know what or how to make a smart buying or selling decision, especially a lack of knowledge being so afraid to be "taken", rightfully so!
www.MoneyMama.biz
Common sense tells us we still have 3 basic needs which never go away.... food, water and shelter (www.MoneyMama.biz). We are still bringing babies into this world, our bodies require water and we still need a place to live. I invite you to get educated (www.MoneyMama.biz) and learn how simple, easy and smart it is to invest in real estate now. Learn what it takes to remove the fear of being "taken", understand buyer beware statements. Experience the opportunities of applying knowledge to make smart buying and selling decisions. Know how to benefit from real estate no matter what time you have available.
Knowledge alone is not power. Knowledge applied is power. Learn how to take charge of your financial situation today. If you are a first time home buyer, learn how to buy a property at wholesale. That means if the market goes down you are still in a position to have purchased at a great price. If the market goes up, you are sitting pretty. If you own multiple properties, buy more. Learn when and how to make smart buying and selling decision either in a good market, flat market or down market. Would that not give you the upper hand in today's economy? If you feel you are a seasoned investor, don't discount getting educated even if you believe you already know it all. Remember you don't know what you don't know.
People trying to ride the wave of real estate can either jump in or be paralyzed by what they hear so let's get some facts on the table. Keep in mind, since there is no ceiling in real estate it means there is no bottom. Is real estate too risky? It can be if you don't know what you are doing. Consider house prices in California, stated in "the people history"; 1950 prices were around $14,500, 1960 prices around $18,500, 1970's around $26,600. What about now?
Look at what Zach Fox from the North Country Times in Calculated RISK Finance & Economics states in another Deal of the Week: Riding the waves in Oceanside (California). He states, "The featured 2 BR 2 BA condo sold for just under $100 thousand new in 1990. It went into foreclosure during the early '90s California housing bust, and was resold in 1995 for $33,000.
By 2000 the condo was above the original selling price. And then "rode the bubble" to an outrageous price. The condo went through foreclosure last year and sold in February for less than the original price in 1990! Adjust that return for inflation ..."
What does all this mean? If you knew how to read the market, understood what the current conditions were saying during the 1990's, would you have seen this wave coming?
History shows clearly the prices have gradually increased over each 10 year period. What I have come to learn is most people avoid the real estate arena because; they are scared to jump in, big time fear holds them back , they don't have the time to really know what or how to make a smart buying or selling decision, especially a lack of knowledge being so afraid to be "taken", rightfully so!
www.MoneyMama.biz
Common sense tells us we still have 3 basic needs which never go away.... food, water and shelter (www.MoneyMama.biz). We are still bringing babies into this world, our bodies require water and we still need a place to live. I invite you to get educated (www.MoneyMama.biz) and learn how simple, easy and smart it is to invest in real estate now. Learn what it takes to remove the fear of being "taken", understand buyer beware statements. Experience the opportunities of applying knowledge to make smart buying and selling decisions. Know how to benefit from real estate no matter what time you have available.
Knowledge alone is not power. Knowledge applied is power. Learn how to take charge of your financial situation today. If you are a first time home buyer, learn how to buy a property at wholesale. That means if the market goes down you are still in a position to have purchased at a great price. If the market goes up, you are sitting pretty. If you own multiple properties, buy more. Learn when and how to make smart buying and selling decision either in a good market, flat market or down market. Would that not give you the upper hand in today's economy? If you feel you are a seasoned investor, don't discount getting educated even if you believe you already know it all. Remember you don't know what you don't know.
Wednesday, August 18, 2010
Depressive or Impressive Retirement?
Retirement is subjective. Since 1986 we have been given sole responsibility to build our retirement. We past the buck, literally; past our hard earned "bucks" to someone else to manage. Are we depressed or impressed with our results?
I'm one of those in my early 50's learning more about how I can create an impressive retirement. A retirement portfolio that takes care of giving me a strong sense of security and the satisfaction of what I accomplished. The government won't have a hand in my retirement because I learned how to play their game. I learned how to keep my portfolio protected and safe to use without penalties. Isn't it time you do the same? www.MoneyMama.biz
I read an article from Andrea Coombes in MarketWatch on Social Security. As she pulled the statistics on how many use Social Security for their sole retirement portfolio, it was amazing and sad at the same time. WOW, really sad to see someones lack of responsibility for their own welfare. In reality, did they have a choice? We were handed the sole responsibility to manage and grow our own retirement since 1986. The government handed it back to us, sadly without any direction. The only choice was to hand our money off to someone who sold us on them knowing what they were doing. In essence, we gave our money to someone who saw a need and started up a business. If they can do it, why can't we? We can start up our own business and build our retirement within the same boundaries as they can. www.MoneyMama.biz
I want to be the one who is secure from my own efforts. Learning the game and play by the rules, rules the government set up. Andrea states: "if you're in your mid-50s or younger, it's time to make alternate arrangements.The program's dismal outlook has long been known, but the recent economic crisis further scarred the program's finances, bringing closer the day of reckoning when receipts no longer cover benefit payouts."
Social Security was a great plan. A plan for those who worked their whole life for someone else. A system for the government to take care of their elderly. What happens if you didn't take that path? or you didn't retire from a "job" after 30 years? Now what? Here's a few thoughts; Working for someone else, the slave, save, retire theory isn't working in 2010. Jobs were created to recover from the Great Depression era, that was the Industrial age. We are now in the Information age. Traditional education grew out of competing for jobs, doing what was required to show employers you are better qualified. Once again, set up to get through the Industrial age. What can we do to position ourselves in the Information age?
Let's learn from the past and learn how to harmonize the two eras. The Industrial age, during and after the Great Depression was a time people had years of nothing, then years of great abundance. They learned how to stretch the dollar vs learning how money works and grows. When the abundance started dying down, credit cards came into play. Buy now and pay later. Look at where that has got us? So in debt and we don't have a clue on how to get out. We haven't learned how money works and grows! 1% of the wealthy have earned and built their wealth through business ownership and real estate investing. Are you ready to join the 1% club? Go to www.Moneymama.biz
Create yourself a great day!
Jody
I'm one of those in my early 50's learning more about how I can create an impressive retirement. A retirement portfolio that takes care of giving me a strong sense of security and the satisfaction of what I accomplished. The government won't have a hand in my retirement because I learned how to play their game. I learned how to keep my portfolio protected and safe to use without penalties. Isn't it time you do the same? www.MoneyMama.biz
I read an article from Andrea Coombes in MarketWatch on Social Security. As she pulled the statistics on how many use Social Security for their sole retirement portfolio, it was amazing and sad at the same time. WOW, really sad to see someones lack of responsibility for their own welfare. In reality, did they have a choice? We were handed the sole responsibility to manage and grow our own retirement since 1986. The government handed it back to us, sadly without any direction. The only choice was to hand our money off to someone who sold us on them knowing what they were doing. In essence, we gave our money to someone who saw a need and started up a business. If they can do it, why can't we? We can start up our own business and build our retirement within the same boundaries as they can. www.MoneyMama.biz
I want to be the one who is secure from my own efforts. Learning the game and play by the rules, rules the government set up. Andrea states: "if you're in your mid-50s or younger, it's time to make alternate arrangements.The program's dismal outlook has long been known, but the recent economic crisis further scarred the program's finances, bringing closer the day of reckoning when receipts no longer cover benefit payouts."
Social Security was a great plan. A plan for those who worked their whole life for someone else. A system for the government to take care of their elderly. What happens if you didn't take that path? or you didn't retire from a "job" after 30 years? Now what? Here's a few thoughts; Working for someone else, the slave, save, retire theory isn't working in 2010. Jobs were created to recover from the Great Depression era, that was the Industrial age. We are now in the Information age. Traditional education grew out of competing for jobs, doing what was required to show employers you are better qualified. Once again, set up to get through the Industrial age. What can we do to position ourselves in the Information age?
Let's learn from the past and learn how to harmonize the two eras. The Industrial age, during and after the Great Depression was a time people had years of nothing, then years of great abundance. They learned how to stretch the dollar vs learning how money works and grows. When the abundance started dying down, credit cards came into play. Buy now and pay later. Look at where that has got us? So in debt and we don't have a clue on how to get out. We haven't learned how money works and grows! 1% of the wealthy have earned and built their wealth through business ownership and real estate investing. Are you ready to join the 1% club? Go to www.Moneymama.biz
Create yourself a great day!
Jody
Friday, August 13, 2010
A fun article I wrote...
US News & World Report speaks out on Retirement...
How do your retirement funds look? Are your expenses increasing while you find your funds decreasing right before your eyes? Isn't it time to stop the leak? Be assured you will create the right financial outcome at any age!
U.S. News & World reports shared the article written by Kimberly Palmer, Posted December 16, 2008 on "7 ways to Save for Retirement during a recession." She states "The recession appears to be forcing many consumers to sacrifice their retirement savings...A significant number of Americans don't know how much they need to save to maintain their standard of living [in retirement]," says Craig Averill, personal retirement solutions executive for Bank of America. Some 62 percent of survey respondents said they were either behind schedule in terms of their retirement planning or had not yet started."
This is not the first recession we have lived through. Why do we act as if it is? Why are we surprised when our retirement funds decrease because of current market trends? How do we know what is enough to take care of our needs long term?
Those are great questions. Questions I'm sure we each have asked ourselves. I'm in the same situation. When I was in my 20's, retirement was not even a thought. When I was in my 30's, I knew I should be thinking and preparing more for our retirement but family needs got in the way. Now, I'm approaching retirement crossing my fingers I have done enough. I wish I started earlier like most of you. I'm a college graduate but still I believed I must have been less educated than most. That simply is not true! I simply did not know. How do you know what you don't know? I simply refused to keep chasing ideas out there; I finally did something about it. www.Moneymama.biz shares what I did because I didn't know where to turn, who to learn from. Isn't it time we wake up and know where we are financially. Isn't it time to learn what it means to have your money work for you? Get my FREE eReport today at www.RetireWealthy.biz. Isn't it time to find those leaks so you have more income to retire on? Or more importantly, a greater sense of security knowing you have done your best to prepare for retirement? Then enjoy the fruits of your labors. Now is the time! Stop procrastinating and start living! www.moneymama.biz
# # #
As a Real Estate Investor, I own multiple properties. I am a Mentor/Advisor/Coach. With education many have generated wealth for their financial freedom through tools that build confidence in acquiring their own Real Estate portfolio
How do your retirement funds look? Are your expenses increasing while you find your funds decreasing right before your eyes? Isn't it time to stop the leak? Be assured you will create the right financial outcome at any age!
U.S. News & World reports shared the article written by Kimberly Palmer, Posted December 16, 2008 on "7 ways to Save for Retirement during a recession." She states "The recession appears to be forcing many consumers to sacrifice their retirement savings...A significant number of Americans don't know how much they need to save to maintain their standard of living [in retirement]," says Craig Averill, personal retirement solutions executive for Bank of America. Some 62 percent of survey respondents said they were either behind schedule in terms of their retirement planning or had not yet started."
This is not the first recession we have lived through. Why do we act as if it is? Why are we surprised when our retirement funds decrease because of current market trends? How do we know what is enough to take care of our needs long term?
Those are great questions. Questions I'm sure we each have asked ourselves. I'm in the same situation. When I was in my 20's, retirement was not even a thought. When I was in my 30's, I knew I should be thinking and preparing more for our retirement but family needs got in the way. Now, I'm approaching retirement crossing my fingers I have done enough. I wish I started earlier like most of you. I'm a college graduate but still I believed I must have been less educated than most. That simply is not true! I simply did not know. How do you know what you don't know? I simply refused to keep chasing ideas out there; I finally did something about it. www.Moneymama.biz shares what I did because I didn't know where to turn, who to learn from. Isn't it time we wake up and know where we are financially. Isn't it time to learn what it means to have your money work for you? Get my FREE eReport today at www.RetireWealthy.biz. Isn't it time to find those leaks so you have more income to retire on? Or more importantly, a greater sense of security knowing you have done your best to prepare for retirement? Then enjoy the fruits of your labors. Now is the time! Stop procrastinating and start living! www.moneymama.biz
# # #
As a Real Estate Investor, I own multiple properties. I am a Mentor/Advisor/Coach. With education many have generated wealth for their financial freedom through tools that build confidence in acquiring their own Real Estate portfolio
Tuesday, August 3, 2010
Enjoy the day!
I'm sitting in our backyard arbor enjoying the beautiful summer weather. I watch as cars go by busily going here and there. I reflect on my business and have learned to create a business that keeps working whether I am or not. I can sit outside and enjoy the knowing I am making money no matter what I choose to do. That my friends is Freedom to me. I took it upon myself to figure out how to create what I have. I educated myself on how to work smarter not harder ... which I did so often. You see I believed if I was busy, I was productive. NOT! Working to create a working system that works automatically, nothing is more powerful. I also educated myself on what to do with the money I generate. Do I hang onto old techniques? Do I hold onto old habits? Depend on other's knowledge believing they have the answer? Depend on others to really be concerned about my finances? NO....NO again and again! I educated myself with sharp instructors who walk their talk. Learned how they set up their business', learned how they understand Taxes, learned how they think, how they act to simply duplicate their results. AMAZING!!!!
If you are tired of being sick and tired, go to www.MoneyMama.biz and get started TODAY.
Go create yourself a fantastic day
Jody
If you are tired of being sick and tired, go to www.MoneyMama.biz and get started TODAY.
Go create yourself a fantastic day
Jody
Tuesday, July 27, 2010
Internet fun!!
You know as I have been learning how to put this blog together I have learned so much about Internet and Internet marketing. I'll continue to post what I've learned...Great way to generate income while you are off doing what you love to do. I am in AZ taking care of my newest grandbaby #6, Emma Lillian. Still working my internet business, generating leads and still creating income!!! How does it get better than that? I knew it was possible but never experienced the result. I'll keep this post short and sweet! Internet marketing is what I call freedom. Learning to live life on my terms and in my timeframe!
Create yourself a great day!
Create yourself a great day!
Tuesday, July 13, 2010
Random thoughts...
As I sit outside enjoying the beautiful weather, thoughts keep coming back to my friends. They are amazing people! They have so much to share. My family is among those I consider my friends. They are so inspirational to me. They have and continue to teach me so much about life.
What's amazing is during a coaching session, I usually learn more than my client. I am blessed to coach the best of the best. They come to me because they are losing sight of who they are. They are struggling with understanding why they do what they do. They are challenged with accepting who they are but after a few sessions they begin to see what I see. They understand more of who they are, experiencing their purpose in this world and is free to take that forward momentum to the next level, step by step.
It really doesn't matter in what area you are moving towards. In Real Estate Investing, marketing, business, personal development, we learn step by step, line upon line. It's the law of the harvest. We can not expect the seeds to grow in 24 hours to harvest them. Why then do we believe we should be entitled to gaining results within 24 hours?
Life is an amazing journey. I love how every day offers something new :)
Create yourself a great day!
Jody
What's amazing is during a coaching session, I usually learn more than my client. I am blessed to coach the best of the best. They come to me because they are losing sight of who they are. They are struggling with understanding why they do what they do. They are challenged with accepting who they are but after a few sessions they begin to see what I see. They understand more of who they are, experiencing their purpose in this world and is free to take that forward momentum to the next level, step by step.
It really doesn't matter in what area you are moving towards. In Real Estate Investing, marketing, business, personal development, we learn step by step, line upon line. It's the law of the harvest. We can not expect the seeds to grow in 24 hours to harvest them. Why then do we believe we should be entitled to gaining results within 24 hours?
Life is an amazing journey. I love how every day offers something new :)
Create yourself a great day!
Jody
Monday, July 12, 2010
It's time
Hi Friends,
A few thoughts have been going through my mind. Salt Lake & Cheyenne are open markets in Real Estate and for business networking. Getting started will take some leadership to assist me in offering an opportunity of a lifetime for those ready to take on their financial life. Those who are sick and tired of being sick and tired!!! Those who are in a position to seriously serve those in the Salt Lake & Cheyenne communities. Those who are ready to pay it forward to others. If this speaks to you, email me and let's get started!
Interesting point - Out of a 9.3% unemployment rate nationally....
Cheyenne, WY comes in at 7.0. Is there a need out there for new business'? YES!!! Is there a need in Cheyenne for business ownership education? YES
Same within Ogden/ Salt Lake, Utah Area, they come in at 7.0
I'm getting these statistic from US dept of Labor...http://www.bls.gov/web/metro/laummtrk.htm
Check them out for your self.
When I look at the Real Estate Market for both areas, they remain steady or flat as most know it. It's not an up market or a down market but a flat market, remaining consistent. Is there Real Estate deals out there? YES
Why are we not taking advantage of them? That answer must come from within, what is holding you back?
I believe Nouveau Riche is a solution. Nouveau Riche is like a HUGE gym, a place where you can receive the results you are looking for. However, there are some who buy into a "gym membership" and learn tons of stuff but never do anything with that knowledge. Those who watch the results as people come and go. Those who think, "I'll get there, it's just not a good time for me." Those who believe if they only buy into the gym but not participate they will still see results. But, those who are successful connect in with their local community. They get to know the personal trainers and learn from them everyday.
What personal development is needed? Once again, what we don't know we can't change. Come onboard to learn what the successful are doing, you can do it to. Success is a learnable skill!!!! I urge each of you to plug in. I know the power of Nouveau Riche, I know the power of the marketing plan. Is it time you find out for yourself?
Create a great day for yourself!!!
Jody
A few thoughts have been going through my mind. Salt Lake & Cheyenne are open markets in Real Estate and for business networking. Getting started will take some leadership to assist me in offering an opportunity of a lifetime for those ready to take on their financial life. Those who are sick and tired of being sick and tired!!! Those who are in a position to seriously serve those in the Salt Lake & Cheyenne communities. Those who are ready to pay it forward to others. If this speaks to you, email me and let's get started!
Interesting point - Out of a 9.3% unemployment rate nationally....
Cheyenne, WY comes in at 7.0. Is there a need out there for new business'? YES!!! Is there a need in Cheyenne for business ownership education? YES
Same within Ogden/ Salt Lake, Utah Area, they come in at 7.0
I'm getting these statistic from US dept of Labor...http://www.bls.gov/web/metro/laummtrk.htm
Check them out for your self.
When I look at the Real Estate Market for both areas, they remain steady or flat as most know it. It's not an up market or a down market but a flat market, remaining consistent. Is there Real Estate deals out there? YES
Why are we not taking advantage of them? That answer must come from within, what is holding you back?
I believe Nouveau Riche is a solution. Nouveau Riche is like a HUGE gym, a place where you can receive the results you are looking for. However, there are some who buy into a "gym membership" and learn tons of stuff but never do anything with that knowledge. Those who watch the results as people come and go. Those who think, "I'll get there, it's just not a good time for me." Those who believe if they only buy into the gym but not participate they will still see results. But, those who are successful connect in with their local community. They get to know the personal trainers and learn from them everyday.
What personal development is needed? Once again, what we don't know we can't change. Come onboard to learn what the successful are doing, you can do it to. Success is a learnable skill!!!! I urge each of you to plug in. I know the power of Nouveau Riche, I know the power of the marketing plan. Is it time you find out for yourself?
Create a great day for yourself!!!
Jody
Tuesday, July 6, 2010
It's happening!!!
WOW, just put together my upcoming ads. Learning how to manuever around Craig's list, publishing online articles, positioning on google and much more. Now I know anything is a learnable skill!!!
When I started into my Real Estate Investing, I had to overcome lots of fears just like my fears of the internet. Both are learnable skills, I know cuz I have .... I am doing both.
What are you learning out there? I hope it's how to generate income, both passive and massive! If you have a desire to change your bank account to the positive and have more money than month, say YES to getting registered TODAY for my free Investing Workshop. Seating is limited so register NOW at www.MoneyMama.biz. I'll show you real life examples of what my students have accomplished in today's market.
Create an amazing day for yourself!
Jody
When I started into my Real Estate Investing, I had to overcome lots of fears just like my fears of the internet. Both are learnable skills, I know cuz I have .... I am doing both.
What are you learning out there? I hope it's how to generate income, both passive and massive! If you have a desire to change your bank account to the positive and have more money than month, say YES to getting registered TODAY for my free Investing Workshop. Seating is limited so register NOW at www.MoneyMama.biz. I'll show you real life examples of what my students have accomplished in today's market.
Create an amazing day for yourself!
Jody
Wednesday, June 30, 2010
Forward Momentum
Well it's started! We have learned so much about Craig's list, road side signs, getting articles published etc. All the fun stuff it takes to create a strong positioning online. Well, crazy as it sounds it has been fun. My team has really expanded and each person has a part to play. I'm glad I don't have to do this all by myself!!!
Thank you tons TEAM!!!!
Jody
Make it a great day
Thank you tons TEAM!!!!
Jody
Make it a great day
Monday, June 28, 2010
The adventure begins
I've started!!! I am not into technology but I have learned so much over the past 3 months. I now officially have an internet business. It's fun but I'm still scared!
Isn't this how we are with most things? Excited for something new but really scared to make it happen? Come to think of it, that was how I felt when I got into Real Estate Investing. Excited I finally found the way in but still so scared it was hard to finalize my first deal.
Well, with real estate I get it! That is why I have decided to become others training wheels to assist them in getting up and running. I work with them on their first deal, walking them through each step. Once they complete the deal they can now turn around and do it again and again!!! That is what drives me. Yes I get compensated because we split the deal, however, watching them see and feel the reality of it really working is the biggest payback. I love what I do.
I guide and direct others to live life in their timeframes and on their terms so they can do more and be more for those they love the most.
I invite you to add a comment on a time you were so excited to start something new but were still scared to pull the trigger. Together we can move forward....forward momentum is a choice!
Have a great week, it's a good life!
Jody
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