Going to local conferences and classes can be great way to learn more about different real estate and wealth building opportunities. Most people don’t take advantage of these great opportunities which makes them an even better deal for you.
I am not going to update this and I am not going to put individual information up here either. If I do because they go to court it will be on Studio 1 the Magazine as part of the teaching curriculum.
A foreclosure is generally in some sort of disrepair. This could be due to many different reasons. There could be many things that are missing from the home that should be there. There could also be a lot of the old homeowners “stuff” left at the house that the bank has not gotten rid off yet. A foreclosure will probably not be the best looking house on the block. It has probably been vacant and been sitting empty for many months. Many foreclosures have been neglected and the equity was taken out for a possible remodel or upgrades that never happened. Because of this, many foreclosures are sold “As-Is.” The banks are not in the business of can ho and they won’t make any attempts to repair the damages done to the house.
To properly stage a home, start by clearing out all the clutter, knick-knacks and personal effects. You want buyers to be able to envision themselves living in your house. Then, slap a fresh coat of paint on the walls to brighten the rooms to make your house seem larger and more open.
For instance, back in the Fall of 2010, the Indian Palms Country Club in Indio would have really nice 1000 sq. ft. greenbelt condo’s for around $80,000. But shortly after the first of the year all of those were gone and the same condo’s now sell for in the $100k’s. And these are nice condo’s, with great community pools in a real golf course country club with a clubhouse, restaurant and gym; everything you need to make your desert stay enjoyable.
Another advantage of going to these meetings is to meet like minded people who are also looking to increase their knowledge and build wealth. Networking with these people can lead to partnerships or mentoring opportunities. Ask other people around the room what their plans are or what they do to earn extra income. Find out how the guy next to you managed to buy his first rental property.
Meanwhile, is there is any money to be made in spite of all the challenges? Yes, there is. But it won’t happen on autopilot, and it won’t happen without putting in some serious work, in order to arrive at the best investment decisions, especially for your specific situation. What it takes is a non-emotional plan based on carefully designed rules. And if you then work that plan, chances are that your money will be safe, and it will also show some growth even in a volatile market.