Real Estate Investing Blog

You know, Michelle & I have been managing tenants in our lease-option houses for a long time.  And I thought I knew “the ropes”.  That is, until I talked to our friend Mike B. 

I’m embarassed to admit this, but I’ve be letting scads of landlording money slip through my fingers.  Why, because I didn’t keep up with late fees, billing tenants for repairs, and when I had to take them to court, I made dumb landlord compromises I didn’t need to because I didn’t have the full history of the tenant in front of me.

Besides, I wasn’t billing the tenant every time I sent them a late notice or sent someone out to the house, etc.  Why? I know when I put it like this, it sounds like I’m just totally careless landlord.  But I’m not, it’s just that I get busy, want to get things handled and then don’t remember to put it in my quickbooks.  In fact up until recently I didn’t even know how to used quickbooks to bill a tenant–heck I didn’t even know I could.

Well, Mike created some templates I can just upload into quickbooks, and start using immediately.  He’s created most all the categories needed and I can create an entry with the push of a single button and create an invoice to be paid with another…and a lot more stuff also.  It is really totally awesome.

Bottomline–for the first time, I really feel in control of lease-option finances.  If you want to find out more about this stuff, just go to this link.

Like most of us, I hate doing the books–I’d rather just go out an make money.  The lesson learned here is that I can increase my net cashflow by 15-30%, just by using these templates–it’s easy and really a no brainer.

Richard Odessey, www.InvestorWealth.com

What if you could buy a property in an explosive market before it was ever built and buy it at or below market value? If you’re like me, you would buy every one that you could afford! This is what Buying Pre-Construction is.

You know for so many years these the ‘big boys & girls” of pre-construction have been working feverishly to keep pre-construction a closely guarded secret – In these markets, some people have to stand in line or wait for the opportunity to have their name entered in a drawing so that they can buy into these projects.
AND some of these projects even have signs that say NO INVESTORS ALLOWED. Most have paperwork that you need to sign that says you are not an investor and that you plan on living in the house.

This past Spring, Richard and I went on a popular pre-construction property buying tour.  It’s funny that it is called a ‘tour’ because in addition to getting on a tour bus and going to see the local projects, we actually had significant seminar time, and networking time with the other attendees.

The seminar consisted of learning about the various Tax Benefits Of Investing in Pre-Construction in various areas, Asset Protection, AND being presented other Projects in Areas Of The Country that also had Unbelieveable Opportunity for investors.
You know, before we got there, I was wondering if it would look like the ‘buy time share’ mandatory presentation.  I was really taken back by the wealth of information and opportunity that was set out before us.  Quite honestly, I had to hold the “normally very conservative” husband back. 

If you want more information about pre-construction real estate investing, please send me your question(s) here.  We attended Justin Ryan and Wendy Patton’s tour. 

If you want information on that tour and the special bonus we are offering to our subscribers & members that register here on InvestorWealth.com, you can go to InvestorWealth.com/preconstruction/tour.htm.  You can even view the complete webinar we had with Justin if you missed it.

Let Me Here From You!

I got an email from Roy Roberts suggesting “two times and days” for our real estate investing teleconferences.  His suggestion was “Maybe you could [try] a 10a.m. EST, and maybe a 10 a.m. PST [Saturday].  You might actually [have more serious investors attending] on a saturday because a person needs to be more serious to listen to  it.  But now don’t stop the replays for those who sign up [for your Thursday evening calls], because I  know that I, for one, really benefit from this service.”

Well - here is my initial response.  We actually have had (one time) Saturday calls, and while the attendance roster is light on that day, it is SO True, that the ones who show up are definitely eager beavers and usually have tons of questions. 

For weekday evening calls - we have done two of them, usually 8:30p Eastern and then again at 8:30p Pacific.  The stats on that is, there are usually more people in attendance on that late call - and they are not necessarily all in California! 

What do you think? Do you prefer one call or two?  Do you prefer a weekday evening or Saturday? OR Do you prefer to listen (or watch in the case of video) the replays?  AND one more question, How do You Learn Best?

Best of Success!
Michelle

Welcome Everyone! Michelle Odessey here.

Well the InvestorWealth.com Real Estate Investing Blog begins here.  I will be writing about markets, tips, trends, best practices, successes, gotchas, AND How To’s on Marketing, Short Sales, Bankruptcy, Pre-Construction, Subject-To, Lease Options, Multi-Units, Commercial Property, Land Development, and Building Your Funding Network. 

I will include topics about leadership, the success mindset, goal setting, focusing your energy, your efforts, and your resources, developing strong business networks, and making it all work within an ACTIVE and joyful family life.

I ENCOURAGE YOU to enter responses, questions and comments.  Email me with questions and ask me to write about topics you want to know about.

Sometimes I will respond with an audio or even a video.  In fact, if you want to send me those too, I’ll include them and respond to those as well.

Well - Here we go!  Keep those cards, letters, emails, audios & videos coming.

Best of Success to You!
Michelle