Hi Again! Well we have two more homes under contract for the month. That's three for those of you that are counting. We got the approval on the other two yesterday. They are Meth homes and we want to get more! If you know of any properties that need to be cleaned up and we can get for 60 cents on the dollar after they are fixed up then we are good to go. All three that I have under contract will all be closing on the same day at this point witch is Feb. 4th. I need to get more before that day comes and goes. HELP ME OUT!!!
Here we all to to $50 Mill!!!
Enjoy the quotes!
"An organization's ability to learn, and translate that learning into
action rapidly, is the ultimate competitive business advantage."
-- Jack Welch, General Electric CEO
"If you believe in unlimited quality and act in all your business
dealings with total integrity, the rest will take care of itself. "
-- Frank Perdue, Perdue Farms president
"You can make more friends in two months by becoming interested in other
people than you can in two years by trying to get other people
interested in you. "
-- Dale Carnegie, author
"Control your own destiny or someone else will. "
-- Jack Welch, executive
"It is the nature of man to rise to greatness if greatness is expected
of him. "
-- John Steinbeck, author
"A leader has the vision and conviction that a dream can be achieved. He
inspires the power and energy to get it done. "
-- Ralph Lauren, fashion designer
"Before everything else, getting ready is the secret of success. "
-- Henry Ford, automaker
Friday, January 11, 2008
Tuesday, January 8, 2008
My Life as a Realtor
Hi guys! How about the standoff last night? I was in the middle of it all. It was pretty intense until the SWAT shot the tear gas and he came charging at them with an AX! Got blasted in the chest with a 40mm rubber bullet and got back up again until he was tazed.
We got another contract, and yes I was paid on the other one. I have a listing appointment later today and I start a new class today. 36-12-3 witch is 36 Sales in 12 Months with 3 Hours of Lead generation a day. You will probably be hearing a lot more from me so you can help in my quest to 50mill!
Here is a letter and your quotes! More Later!!!
Here is a recent article I found on InmanNews.com (written by Bernice Ross):
Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors
at last month's conference. Yun attributed much of today's subprime mortgage
Bear-Stearns-Troubles Nov-07 problem to greed. Wall Street wanted the 10-12 percent
return that subprime mortgages yielded as opposed to the smaller returns from more
traditional mortgage products. His take on the Wall Street types: "They gambled.
They lost."
Yun's outlook for 2008 sees a shift from greedy speculators to serious homeowners.
2008 will be a year of opportunity where there will be serious, healthy business.
Furthermore, Yun predicted that the market returns to normal by 2009.
According to Yun, one of the biggest mistakes that reporters make is talking about
national trends. Nationally, 2007 was the fifth best year ever on record. Home
prices declined about 1.5 percent after a 50 percent run up in prices.
The challenge is that national numbers are pretty much irrelevant. Yun argues that
talking about national averages is about as effective as having a national weather
forecast. Like the weather, all real estate markets are local. In fact, you may have
a buyer's market and a seller's market operating within a single market area based
exclusively upon price point. Here are the other key pieces of positive news from
Yun's economic report:
1. New housing starts: Even though these are dropping, there was too much building
in recent years. The market is simply adjusting to normal supply-and-demand
pressures. The inventory is "being controlled which makes stabilization occur more
quickly."
2. Foreclosures: According to Yun, the 41 percent increase in foreclosures has
resulted primarily from investor-heavy real estate purchases in Arizona, California,
Florida and Nevada. The majority of these individuals are flippers whose investments
did not payoff. More importantly, the number of foreclosures in Utah, New Mexico,
North Carolina and South Carolina is actually declining.
3. Under-priced markets and superstar cities: Although the coastal markets are still
overpriced, Middle America is under priced. Nevertheless, Yun cites a new trend
termed, "superstar" cities. These cities will command premium prices, regardless of
what the market does. There is so much wealth concentrated in these areas, that
measurements are simply not predictive. In addition to London, Paris, Tokyo and New
York, Yun also identified San Francisco, Miami and Seattle as potential new
superstar cities.
4. The recovery has started: Other than the three states hit heavily by job losses
in the automotive industry (Indiana, Michigan and Ohio), the states that first
experienced a downturn in the Northeast, are now in recovery. Specifically,
Connecticut, Massachusetts, New York and Rhode Island were the first to feel the
slump and are now well into a recovery. Furthermore, there appears to be a pent-up
demand for first-time buyer properties due to a large number of Gen Ys (born 1977 to
1994) that are now buying their first homes. Falling interest rates will motivate
many of these buyers to step into the market now.
5. New jobs and corporate profits are still strong: Corporate profits are still
strong with companies as diverse as Microsoft and Jack Daniels reporting close to
record profits. Furthermore, the economy has generated 4 million net new jobs and
wages are rising.
6. A weak dollar may harbinger more foreign investment in U.S. real estate
Although the decline of the U.S. dollar will end up costing us more when we go
overseas or purchase imports, it has resulted in more manufacturing jobs returning
to the U.S. It also may mean more foreign investment in U.S. properties as well.
Just a few years ago, the Canadian dollar was only worth 70 cents in U.S. currency.
Today, the Canadian dollar has been hovering at about $1.05 to $1.10 U.S. What this
means is that we can expect more Canadians and Europeans to be purchasing U.S.
property, because our prices are approximately 50 percent cheaper than they were
just three years ago.
7. Real estate: Still the best shelter: For those agents who represent reluctant
first-time buyers, Yun points to some interesting research from the Federal Reserve.
Between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast,
the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds
their property for six years. Within this period of time, NAR's research shows that
approximately 97 percent of the homeowners will have a positive equity position
after that period of time.
Bottom line: 2008 represents the best window that buyers will have to find excellent
deals with excellent financing. Get the word out there. If they wait, prices and
interest rates will be higher and the reluctant buyer may be forced out of the
market.
"Salesmanship is an American specialty. It typifies the competitive
spirit of our economy. Nowhere else in the world have so many executives
come up through the selling ranks. "
-- Robert Whitney, financial executive
"I try to do the right thing at the right time. They may just be little
things, but usually they make the difference between winning and losing."
-- Kareem Abdul-Jabbar, basketball player
"Heights were made to be looked at, not to be looked from. "
-- G.K. Chesterton, writer
"Great deeds are usually wrought at great risks. "
-- Herodotus, historian
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Goals provide the energy source that powers our lives. One of the best
ways we can get the most from the energy we have is to focus it. That is
what goals can do for us: concentrate our energy. "
-- Denis Waitley, motivational coach
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"You have to pretend you're 100% sure. You have to take action; you
can't hesitate or hedge your bets. Anything less will condemn your
efforts to failure. "
-- Andrew Grove, Intel co-founder
We got another contract, and yes I was paid on the other one. I have a listing appointment later today and I start a new class today. 36-12-3 witch is 36 Sales in 12 Months with 3 Hours of Lead generation a day. You will probably be hearing a lot more from me so you can help in my quest to 50mill!
Here is a letter and your quotes! More Later!!!
Here is a recent article I found on InmanNews.com (written by Bernice Ross):
Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors
at last month's conference. Yun attributed much of today's subprime mortgage
Bear-Stearns-Troubles Nov-07 problem to greed. Wall Street wanted the 10-12 percent
return that subprime mortgages yielded as opposed to the smaller returns from more
traditional mortgage products. His take on the Wall Street types: "They gambled.
They lost."
Yun's outlook for 2008 sees a shift from greedy speculators to serious homeowners.
2008 will be a year of opportunity where there will be serious, healthy business.
Furthermore, Yun predicted that the market returns to normal by 2009.
According to Yun, one of the biggest mistakes that reporters make is talking about
national trends. Nationally, 2007 was the fifth best year ever on record. Home
prices declined about 1.5 percent after a 50 percent run up in prices.
The challenge is that national numbers are pretty much irrelevant. Yun argues that
talking about national averages is about as effective as having a national weather
forecast. Like the weather, all real estate markets are local. In fact, you may have
a buyer's market and a seller's market operating within a single market area based
exclusively upon price point. Here are the other key pieces of positive news from
Yun's economic report:
1. New housing starts: Even though these are dropping, there was too much building
in recent years. The market is simply adjusting to normal supply-and-demand
pressures. The inventory is "being controlled which makes stabilization occur more
quickly."
2. Foreclosures: According to Yun, the 41 percent increase in foreclosures has
resulted primarily from investor-heavy real estate purchases in Arizona, California,
Florida and Nevada. The majority of these individuals are flippers whose investments
did not payoff. More importantly, the number of foreclosures in Utah, New Mexico,
North Carolina and South Carolina is actually declining.
3. Under-priced markets and superstar cities: Although the coastal markets are still
overpriced, Middle America is under priced. Nevertheless, Yun cites a new trend
termed, "superstar" cities. These cities will command premium prices, regardless of
what the market does. There is so much wealth concentrated in these areas, that
measurements are simply not predictive. In addition to London, Paris, Tokyo and New
York, Yun also identified San Francisco, Miami and Seattle as potential new
superstar cities.
4. The recovery has started: Other than the three states hit heavily by job losses
in the automotive industry (Indiana, Michigan and Ohio), the states that first
experienced a downturn in the Northeast, are now in recovery. Specifically,
Connecticut, Massachusetts, New York and Rhode Island were the first to feel the
slump and are now well into a recovery. Furthermore, there appears to be a pent-up
demand for first-time buyer properties due to a large number of Gen Ys (born 1977 to
1994) that are now buying their first homes. Falling interest rates will motivate
many of these buyers to step into the market now.
5. New jobs and corporate profits are still strong: Corporate profits are still
strong with companies as diverse as Microsoft and Jack Daniels reporting close to
record profits. Furthermore, the economy has generated 4 million net new jobs and
wages are rising.
6. A weak dollar may harbinger more foreign investment in U.S. real estate
Although the decline of the U.S. dollar will end up costing us more when we go
overseas or purchase imports, it has resulted in more manufacturing jobs returning
to the U.S. It also may mean more foreign investment in U.S. properties as well.
Just a few years ago, the Canadian dollar was only worth 70 cents in U.S. currency.
Today, the Canadian dollar has been hovering at about $1.05 to $1.10 U.S. What this
means is that we can expect more Canadians and Europeans to be purchasing U.S.
property, because our prices are approximately 50 percent cheaper than they were
just three years ago.
7. Real estate: Still the best shelter: For those agents who represent reluctant
first-time buyers, Yun points to some interesting research from the Federal Reserve.
Between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast,
the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds
their property for six years. Within this period of time, NAR's research shows that
approximately 97 percent of the homeowners will have a positive equity position
after that period of time.
Bottom line: 2008 represents the best window that buyers will have to find excellent
deals with excellent financing. Get the word out there. If they wait, prices and
interest rates will be higher and the reluctant buyer may be forced out of the
market.
"Salesmanship is an American specialty. It typifies the competitive
spirit of our economy. Nowhere else in the world have so many executives
come up through the selling ranks. "
-- Robert Whitney, financial executive
"I try to do the right thing at the right time. They may just be little
things, but usually they make the difference between winning and losing."
-- Kareem Abdul-Jabbar, basketball player
"Heights were made to be looked at, not to be looked from. "
-- G.K. Chesterton, writer
"Great deeds are usually wrought at great risks. "
-- Herodotus, historian
"Try not to become a man of success, but rather a man of value."
-- Albert Einstein, scientist
"Goals provide the energy source that powers our lives. One of the best
ways we can get the most from the energy we have is to focus it. That is
what goals can do for us: concentrate our energy. "
-- Denis Waitley, motivational coach
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"You have to pretend you're 100% sure. You have to take action; you
can't hesitate or hedge your bets. Anything less will condemn your
efforts to failure. "
-- Andrew Grove, Intel co-founder
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