It’s HEEEERE. Happy Friday, all. Onward and upward!
Motivation – the base of that word is “motive.” I was watching a montage this week on what the world would consider “successful people” and all of them had one common theme – whatever you are doing, you need to be motivated to do it. Driven to a passion beyond what others understand to be reasonable. What happens when things get difficult? What happens when road blocks show themselves to be higher than anyone else is willing to climb? What is the motive that drives you and can you overcome it? The person without the motivation will not make it up that hill or over the obstacle; they’ll move on to find another road with less resistance. Those who are motivated are driven to succeed and to find a way. Are you driven? Are you succeeding? Are you finding a way? Are you working where you’re motivations lie?
THIS HUD’S FOR YOU
HUD STEALS for you investors who are looking for out-of-state deals (this is just a sample of potential bargains available; click on link for more information; all at investor status; “IE” means FHA-lender repairs are under $5K, “IN” means OK for FHA loan as is);these HUDs may “go” quickly):
- Milwaukee, WI 4/1 for $19.9k
- Jackson, TN 3/2 for $35k (IE)
- Cleveland, OH 3/1 for $7.6K (IE)
- Louis, MO 2/1 x 2 for $16k
FOR YOUR READING PLEASURE
Want to be successful? Or at least wonder what they do or don’t do? Well you can start with the social media and proceed from there. Success magazine lists the top 8 things that successful people avoid. Yep, a cut there, a prune there, starting to look good!
- Productive, successful people don’t get sucked into social media
- Productive, successful people don’t go through the day without a plan
- Productive, successful people don’t do emotionally draining activities
- Productive, successful people don’t worry about things they can’t control.
- Productive, successful people don’t hang out with negative people.
- Productive, successful people don’t dwell on past mistakes
- Productive, successful people don’t focus on what other people are doing
- Productive, successful people don’t put themselves last in priority
There’s a lot of talk about out of state investing. Where’s the good market? Who’s got good rental rates? Where is there a good margin? Zillow lists the top ten markets that are good for first time home buyers. Indianapolis tops the charts. If you’re thinking about flipping or investing in these markets, investor beware? One of the four categories they considered was “Cash buyers.” Does low cash buyers mean bad market or low competition?
- Indianapolis, IN
- Pittsburg, PA
- Memphis, TN
- Cleveland, OH
- Chicago, IL
- Oklahoma City, OK
- Louis, MO
- Houston, TX
- Tampa, FL
- Birmingham, AL
MORTGAGE RATE UPDATE
The latest Mortgage Rates: 30 Year fixed at 3.47% and 5/1 ARMS at 2.74%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/Zillow.com reported average rates as of Thursday)
REAL ESTATE WEATHER REPORT
Things seem to be holding true to form or at least recent form. House is listed, showings are scheduled, offers are received, prices are bumped up and everyone except the buyers are happy. I say they are not happy, but more relieved that they “won.” What’s the consolation prize?
New Listing – 1465 (1425 Last week)
Under Contract – 1661 (1645 last week)
Sold – 1321 (1325 last week)
Our Invest Success Mentorship Program is ongoing and we are signing up more students. Tell your friends. We offer LOCAL webinars, house tours, and small, personalized classes as well as hands-on on-site experience. You will learn where and how to look for deals! Oh, and our flagship program requires you to REHAB A HOUSE! You’ll have our ear for a year! Amp up your business with custom systems and procedures. Go to our website for more information. Better yet, call us. Nothing ventured, nothing gained!
Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). If you’re not on our list and want to be, LET US KNOW. Write, Text, Tweet, Facebook (the verb), E-mail, drop by. Next Breakfast Club is Saturday, May 14th at Poppies. We start at 7:00am. We’ll see you there!
Are you ready for the Real Estate Investor Success Summit? IT’S NEXT SATURDAY!! We’ll have our booth there and will even be presenting. This is put on by Pine Financial and Your Castle, it’s a good day of solid content. Details and registration are HERE.
INVENTORY: Inventory flows: CHECK ‘EM OUT!!! More coming soon!!! NOTE: if you don’t reach us with a phone call (303 338-8000), text us at 720-345-8361.
6050 South Sterne Parkway, Littleton, CO 80120 3 beds, 2 bath. 2 car garage. Buy for $305K!
3255 West Exposition Avenue, Denver, CO 80219 3 beds, 1 bath. 1 car garage. Yours for $165K!
2602 Palmer Park Blvd., Colorado Springs, CO 80909 3 beds, 1 bath. 1 car garage. Yours for $110K!
2901 Beacon Street, Colorado Springs, CO 80907 3 beds, 1 bath. 2-story. Buy for $185K!
3072 Adams Street, Denver, CO 80205 3 beds, 2 baths. Yours for $408K!
310 South Lewis Street, Lakewood, CO 80226 4 beds, 2 baths. 1 car attached garage. Yours for only 267K!
9981 Bluegrass Street, Firestone, CO 80504 3 beds, 2 baths. 3 car attached garage. Buy for $375K!
Until next time,
QUOTE OF THE WEEK: “Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty.” Proverbs 21:5