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Posts Tagged ‘ Landlords Macomb County ’


As I keep giving some strategies to the real estate investing business I want to refresh the ones that were already went over. Strategy # 1 was to hold properties on a land contract. To hold and sit while you can make a good return on your money through the interest earned on the land contract. Strategy # 2 was to wholesale or quick flip properties to other investors. This is a great strategy that can be used if you need to put money in your pocket you can make this process happen pretty quickly if you get the right deal. You may even be able to sell it to me? Let’s move on to strategy number three which might be the most rewarding.

Renovating and flipping (Rehabbing) is the strategy and I really like it because you get to see the properties get fixed up and put a family into the home that is satisfied with your product. Also you are making a difference in the community by fixing up a property that was an eye sore and vacant in the community. I got into the business to utilize this strategy. It’s my favorite because I like to make a difference in every area of life and this is just one more avenue to do it. Wholesaling is fun and you do also get the properties in the hands of somebody else that will rehab it but I love to see the properties become what they are intended to be. At the same time opposed to a land contract you can do more of them. There are bigger profit margins there as well than wholesaling of course you are taking a bigger risk as well. There are so many factors that you need to consider while rehabbing that I am not going to get into in this article but you really need to know what to expect when doing it. The most important thing is the deal you rehab, that the numbers work in the market you are working in.

            I work in the Macomb Real Estate market and really enjoy exercising this strategy. It gives you more volume to do. At the same time you need to have a lot of things in order one being a good system including contractors or the time to do the work. If you are an investor or looking to begin investing I hope that you are gather an idea of what you want to do out of some of the strategies that I have been writing about. Never lose faith and always continue striving forward to achieve the goal that is set before you.

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I take a look at the market and see that this is the best time for homebuyers to buy a home. I think through all of this mess that has been happening in this economy that some people have lost homes, but there is a generation of people that will be able to take advantage of this situation. To me as a human being I always try and learn from peoples mistakes so that I don’t make as many. There are lot of factors that I look at in this economy and how things happened. I do know that the economy took a major hit and many people lost jobs and that led to a lot of foreclosure’s. It is a lot to go through and you never want to see anybody take a hit like that. Though we can blame greed in the corporate world you always have to look at ourselves as well. It all starts within us just because people around us are doing it doesn’t make it right. America has been more than blessed as a nation in prosperity than any other. Lifestyles seem to have gotten away from people and their spending to much. People see movie stars taste and they develop that taste or their latest music artists. Whatever it may be. Spending seemed to take precedence over saving and that leads to lack. We need to get back to basics rather than adapt to the materialistic society that we live in today so that we can have comfort in our homes and spend more time with our families. Real Estate is an important decision in people’s lives and it can change the whole direction of your life regarding the choice you make while buying a home. You must know what your budget is before you go in rather than after. Know that on top of the mortgage is insurance, water, electric, up keep so on and so forth. That’s the same with kids before you have some make sure you can give them the things that they need. Count up expenses make a realistic choice when buying there are so many homes at a good price that you can buy and be able to have your life. I think the worst choice anybody can make is to put them in a grave right when they buy a house. As a realtor and investor my advice this week is sit down and count the cost realistically and know what you can do when purchasing. Count the costs of your living and the money that you have extra to save to make sure that the property that you buy is right for you. There is good debt and bad debt you can mortgage a property and plan to pay it down that would be good debt. You can start a business and of course it always takes debt to start a business that would be good debt. Bad debt would be financing furniture for one year at no interest. Why because what if something happens were you were tied up with money? If you don’t have it, don’t buy it. This year Macomb County real estate buyers not only take advantage of the market but be wise in what you do when you take advantage of it. Learn from what many are going through note the mistakes of a generation past.

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    Private Lending is a great strategy in order to get your finances earning a high percentage fixed rate interest. I sit and wonder today how many people are earning a steady interest on there money? I know that banks take your money and make investments with that money and earn themselves a higher rate of return. My question today is if your money is in a bank then what do you think they are doing to earn higher amount on your money. 

    The system the United States has put it’s self to trust in makes me a little disappointed in our people. I love America and pray for the nation everyday but some things need to be said to see change. I get sick to my stomach when I think of peoples financial choices that they are making today. I really am trying to find a gracious way to open peoples eyes to the truth of what is going on in our banking system and how you can become what is taking advantage of you.

    I am the owner of a  real estate investment company in Macomb County MI called Strength Management LLC. First I believe that there are many people out there that are not putting there money in the right places. If this offends you then its probably you that I am talking to. It is what it is. It’s night time now on a Friday night and this morning I actually intended to right an article to post on my blog and some social networks sites such as digg about private lending. Private Lending being securing your money in a investments firm or business for a certain rate return with security through real estate. I wanted to right an article and I just couldn’t get the words out on the page I wanted. For some reason I just decided to pick up the phone and call a bank. I started asking them questions of what interest rate that I could get on my money. Then it lead into more questions and a half hour long conversation. When I got off the phone I was aggravated at what I had heard. In a sense this is what I heard “People are getting robbed”. I couldn’t believe that the best offer that they could give me was 2.38% for a 4year term! I had a lender receive $2,000 on $20,000 this year alone. In four years they would only get $1,900.  I offer and pay out 10% on every dollar that I borrow threw my company. It made me want to change how much I borrow for. I won’t because I want the company to be a win, win all across the board and allow people to prosper from the works of the business as well.

    I asked the banker where the money goes that I invest and at first he told me he couldn’t say just that it is secured by the FDIC if the bank loses the money then they will pay it back. So my mind starts working a little more and thinking well they charge 7% on a mortgage that basically only interest for the first 15 years of a 30 year term. While the whole time the investor which becomes us is making 2% on our money. We know where the money goes weather they want to tell us or not. It goes to small business’s, real estate, personal loans, and the list can go on to name a few.

    I never felt more strongly than today about the company that I have established from private lenders. I wasn’t born wealthy nor did I have tons of credit to establish a company I had a vision and a passion to make a difference and that was enough. My passion burns greater as God enlightens me more and more of the state of our economic system. So a morning article that I was going to write about private lending turned into these thoughts and revelation. What is the catch of all of this? The purpose is to enlighten the person that is not making much return on there money to step out and take position of the bank. Why do I feel strongly about Strength Management being the company to put your money? Because the system that we have created revolving around Real Estate. The product is real estate. Yes we sell property and we sell it regularly. Knowledge is there and the success is there to always keep the company growing. We are passionate about helping people secure there money the way the banks do with your money. We want people to see that you can step up and take the position of the banks and earn 10% on your money. You know what I suggest also that you go take a loan from a bank on a credit card paying 2-3% interest and leverage there money as well to increase your finances. There 2 to get your 10%. Sounds good huh!!!

    Last and closing thoughts. Real Estate is secure if you know what to invest in. From the looks of things with all these foreclosures these banks didn’t know what a good investments was since everyone is giving homes back. That scares me. I would hope it would scare you too. My objective is that there is a better solution to the problem and another option and way to go. I hope that you have realized another option from my what was going to be a morning boring article to a night cap on why you need to secure your financial future.

Ryan Froelich

Popularity: 4% [?]

     Macomb County Real Estate is a great place to be in today. I think I already hear you say I am crazy. It is though. There is a lot of money to be made in a market that is suffering. Properties are so cheap and you can grab them up just in time for the rebound. If you take a look at hard times America has had they always recover. It’s just a matter of what?? Time!!! Yes time is the matter that we are going to be waiting on.
    Patience and wisdom are what I believe what will pay off for many investors. A strategy I really like for investors in this area if the cash allows you to do so is holding land contracts. It’s a really great solution to an economic collapse. You can set up a program with people that will allow them to own a home again and you won’t be a landlord to that property because it is there’s. My personal opinion is to provide an awesome product find a buyer that wants to buy with a larger deposit and make them happy homebuyers in a present year to come.
    As we know in the Macomb County Real Estate market it’s about being creative and buying right. Any strategy can work if you buy right and manage your business correctly. The land contract strategy I bring up because it not only helps people when they really desire to own a home again it also assumes you out of the landlord role. Creative Financing is the way to go if you can be patient in this market and wait for your return. Different strategies call for different situations.
    All I know is this that if you are being scared about a market we are in you will regret it later. Fear is a false presence in your life that you can subside by walking forward in faith. Grab a hold of your opportunity. Somebody told me this "poor is just a word for missed opportunities" no matter what market arises and what the economy brings there will always be an opportunity. The person that cease's the opportunity no matter what it may be doesn’t have to be real estate will bring them selves out of the bondage that they are in. Walk in faith and things start to change.

Popularity: 37% [?]

Year End Investor Tips

December 24, 2009 | No Comments | Blog

                                                                                                        

    I have learned a lot about Real Estate Investing this year. I know I have learned from success, mistakes, and  trial and error. I figured I would end the year with a few tips that I have learned so far this year. Lately as a investor I have seen that you can make money in a market that is down as long as you buy right. I am never ashamed to make low offers on properties because if they go through then I got a deal. There are so many foreclosures in Macomb County that I have set my main focus this year on buying foreclosures and auctions. I have tried the probate market a little bit but have not managed any real success there I believe for the sole fact that we are paying such low prices that you really have to find the motivated seller to be able to get the good deal from a home owner.

    The investor tip that I have for the end of this year is finding the right people to work with. When I first got into the business I know I had not much of an idea of the market. Then the market ended up taking me on that investment. There are people in the business that know what the market is doing and it is important that you find the ones working the market that you are working in whether it is the Macomb County Real Estate market or Chicago “Know your market”. I believe that you need to find the business minded people in real estate as well and spend your time around them or on the phone with them to get an idea of what they are doing in the business (or work a deal with them). People who are working real estate as a business on the investor end are people who think about there clients long term not just for one sale. Very important to find these people they won’t be easy to find but they are out there.

    Another thing I have noticed this year being tip number two would be the importance of knowing contractors in the business. Also like the tip stated about knowing the business minded people being investors focus on finding contractors that work with investors in the area. They will be focused on the key things that you need your investments to prosper. First being quality work. This would be for rehabbing/rentals/and land contracts of course not wholesaling. Quality work will determine the ability to move the property and get it being an asset. Second price. they will understand how to get the materials that you need for the job at a good price because you need to be able to find quality product for a good price to keep the investments sound. Third the contractor will be focused on time because time is always in the essence 45 days is plenty of time for a contractor to flip a home. People who wholesale real estate contractors will be real important so you know what the home can do for the investors you sell it to. How much it will cost to fix up is important to know and being able to supply the investor with a estimate is a bonus to get that sale.

    I remember starting of in investing and they give you all of these courses and tell you make 30k in 5 days and you know what there is more to it than that. It’s possible to get a deal and make that in 5 days but there is so much more to it than that. I think the cover robs people of things. Real Estate investing is a business and it takes time to build business’s. You need to develop contacts, establish all the paper work, raise that capitol if you don’t already have it. There is a lot to do including marketing. It’s very important to get your marketing system in place as well so you can sell the properties quick. So my advice if you are in Macomb County or California is to know your market decide your niche weather it’s short sales, foreclosures, or probates choose your focus. Then get your contacts, then the most important thing have faith and come with the goal of making a difference in a community one house at a time!

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    With the cash available there is a big chance to make some money as investors seasoned or not. If you look at it the prices are lower in this market and it actually allows you to do a couple more deals then before or hold a couple more properties as rentals whatever your strategy may be. Property is being purchased at 50% market value with a market value lower than we have seen it in a long time. Advantage  investors let me tell you why.

    As investors we always want to buy low which is easily done at an abundance right now.  There is no bad deal right now. The market is going up as well because of the first time home buyer incentives put out by President Obama. So buying at 50% off a market that is down means you are buying some great deals. The Macomb County Real Estate Market gives opportunity to many investors and home buyers even if the home buyer is buying at the market value at 100% they are getting the great deals on property because it’s a down market. There will always be up’s and downs just look at the statistics of the world. Things go up things go down we have feast and we have famines. We were working on such a high market for years observations of that should have let us know where we were going to go. So we are in a down market which means to everybody leverage what you have and buy some property. All that you can afford get your hands on.

    In this market there are many strategies that you can use to make some money in Real Estate. You can buy low and wholesale to other people, renovate and flip, hold for rentals, hold on lease option. There are so many strategies that can be implemented in today’s market and they are still working as long as you buy right and get your network with other investors in the area that work the market. So get focused take this Macomb County Real Estate market and let it work for you and your family’s future.

Popularity: 7% [?]

    Foreclosures in the Macomb County real estate market are becoming abundant with the layoffs of the auto industry. It seems that there are so many out there for an opportunity for people to buy cash and not have a mortgage or a chance to make some money. There are many things for an investor to look for when seeking a deal not only in this market but to be successful in there finances.

    The first thing that I noticed is don’t fall in love with the property for looks, look at the numbers and make sure it works in the books. You could have a house that is less desirable but makes your pockets look better than paying to much and turning everything into a mess in your bills for that property. A house is a business. Of course you want to get the house up to code and get it nice for your tenants that’s a given. There are so many properties that can make good rentals you need to first seek out the property, do your math, and then make the decision if it will work for you.

    I lost money buying to high in a market that was just ready to fall in 2007. I bought at the wrong time and it hurt my pockets for doing so. You never want to put your self into that position. Since then I have bought 17 properties and work in the business for a living. Taking a look at deals and being able to analyze the deals is so important and to know your market. My first deal I hade no knowledge of the market I was excited to keep moving forward and get something done. I take the blame. I take the blame because first I went to a market not understanding. I needed to seek for people who were doing high number in the market already. I made not good choices when it came down to it. I can say today as I am moving forward to the vision the company has planned that I have people that I get advise from that are people who are seasoned investors. They understand the market see the opportunity go for it and come out on top. Just like my self.

    If you know the market that you are working in then you can realize that there is money to be made. For landlords and property flippers I suggest you know the market and do your deals with people that have experience in the business. I know that I made the mistake also working with somebody that didn’t understand the market and I’m sure his investor knowledge wasn’t that of a successful one either. I noticed when you are working with like minded individuals and find the ones that are moving to be successful then you will get the right knowledge because there understanding of business is were they want to please you because they want you to keep coming back which in the investor game you are always looking to help people get more and more deals. If the first deals goes wrong then there is no reoccurring business on the other end. Almost like residual income in a sense.

    If you are in Macomb County real estate market or another market my suggestion if you are a first time investor or looking to get further in the market find some people who are actually buying real estate not just one or two properties a year because they don’t understand all the strategies that investor can use. Not because they are stupid they just haven’t done them yet. I suggest find some good wholesaler, brokers, and realtors which are doing good business. This is an awesome market to get involved in and can be a time to get your finances secured with a nice return on investment (ROI). Don’t buy to please the eye buy the house keeping in mind that the home becomes a business and successful business owners have to keep the budget correct to keep the business gaining a profit. Make sure the number line up. The purchase price is sound, the fix up cost is within budget, and the taxes aren’t off the wall after they aren’t homestead any more . If you are looking for deals go to http://www.macombcountypropertylistings.me/  you will also get more information on investing as well all for free!!! The free being the information not the property. Let blessing’s be your portion!!!!!

Ryan Froelich
Strength Management LLC
www.macombinvestments.net
Ryan@macombinvestments.net

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