Archive for the ‘Finance’ Category

The Two Little Known Secrets of Successful Real Estate Investing

Saturday, February 9th, 2008

If you’re new to investing in real estate, it may seem confusing and complicated. With all those contracts, property titles, and legal forms, it can tend to look like rocket science, but it’s not. I believe the main reason people get so confused about real estate investing is simply because it’s new to them. I think that as we get older, trying something new becomes harder because we get stuck in our old ways. The good news is I have a solution for you. I’m going to suggest that if you are trying to make a go of it in real estate investing, you develop a childlike attitude. Now let me explain what I mean by that, and I’ll need to use some “science talk” for a minute to make my point clear.

Research shows that before preschoolers enter kindergarten; their brains are more active and more flexible. They actually have more connections per brain cell than us adults. By age three, the child’s brain is actually twice as active as an adult’s, and the child’s brain consumes twice-as-much energy. It has some 15,000 synapses or connections per neuron, compared to the average 7,500 per adult brain. There’s more. At about age 10, the brain begins mercilessly eliminating the less-used synapses. This physiological fact may explain why remediation of learning disabilities, which usually starts in the fourth grade, is such hard work and why it is so rarely completely successful. By the time we’re 18 we have the brain we will have for the rest of our lives. The shape of our brain’s internal pathways is, at that point, carved out. For better or worse, our unique physiology and personality is set. That seems to indicate that as we “grow-up” we use only what “brain-power” we need to and dump the unused portion of ours brains capabilities. So, getting stuck in our ways is really nothing more than our brains being hard wired to move us in the same “direction” over and over again.

So, getting back to my suggestion of developing a childlike attitude, as an experiment, I want you to read this article with childlike enthusiasm. Think of no option except this “real estate investing can work for you” because it can - if you apply some proven principles and strategies. As we “grow-up” we tend to lose that childlike sense of awe and wonder, the sense that anything is possible. We start over analyzing and thinking too much and we label that as maturity. In my opinion taking action always outweighs overanalyzing. The right combination of knowledge and action can deliver tremendous results for you no matter what it is you’re trying to achieve. On that note, I want to tell you about my first real estate deal, and I’ll say right upfront that one of the reasons it worked was because I never thought that it wasn’t going to. My youth and inexperience allowed me to keep focused on winning and nothing else. If I’d been older and overanalyze the situation, I may never have done it.

Here’s the story.

I was in my late teens and I was flat broke. There was an apartment house in my town that had once been a decent place, but the owners and let the wrong tenants in and the place began to deteriorate. Soon there were broken down cars in the yard, garbage piled in the hallways, a broken front door, and some busted windows. This apartment house was for sale, but its horrible appearance meant that no bank was going to give anyone a loan to buy it. The worst of its features was an eight-foot tall front porch that was about ready to collapse! It wouldn’t have been able to get a certificate of occupancy, and in most cases, you can close on a piece of property unless a certificate of occupancy exists. In case you’re unfamiliar with the term, a certificate of occupancy ensures that the property is livable…and this place wasn’t!

After some negotiations with the sellers on the price, I told them that I’d like 45 days to clean the place up, but then they would have to sell it to me. To keep them from selling it to anybody else, I told him I was going to give them a tiny little down payment. I also said that in 45 days I would start pursuing a bank loan, and then I wanted 60 days from that point to close on the property. I asked for a lot. I didn’t know any better. Guess what? The seller agreed! But here’s the scary part that I wouldn’t suggest anyone else do. Once the seller and I had a deal, I immediately went to work on the place before even knowing whether I could get a bank loan. I figured cleaning the place up was my first priority because I thought “the bank will look at the place before make it pretty, and I will never get the loan.” So I blindly put my heart, and soul, and sweat equity, into cleaning that place up. I got creative too, remember I was broke! I got rid of the junk in the front yard by calling a guy who would agree to take everything away for free so he could sell it for scrap. Then I got together with some friends and hired the cheapest laborer’s I could find. Together, we fixed all the broken windows, the front door - - and the porch.
A contract with the owners allowed me to evict some of the worst tenants, so I got rid of the ones who are unwilling to be part of the massive cleanup. We planted flowers across the front, mowed the lawn, trimmed the hedges, and painted the front of the building.

Then we went inside and painted the hallway and cleaned up couple of the apartments that we evicted people from. They were nice apartments; they just needed to be cleaned. In 45 days, the building looked gorgeous. Then I went to the bank and was fortunate enough to get a loan. In fact, I get a loan for 100% of the money I needed because the property appraised for much more money than I was buying it for. Wow! Success!

I kept that apartment house for many years and each month I enjoyed great positive cash flow from it. Then I sold it during the peak cycle and made a wonderful profit. What a great learning experience and what a great sense of accomplishment I felt. To this day, I can remember standing on the front lawn, looking at the apartment house after I purchased the property, and feeling a sense of accomplishment that came from knowing I did everything I said it was going to do.

Now I don’t suggest you rush into your first deal like I did. But looking back, I was so aggressive, because I knew what I wanted and I wasn’t going to let anything stand in my way. There was no “what if” option only a “when”. Hey, if a naïve kid who came from no money, had no mentors and never went to college can do it. You can to. You just have to get the right knowledge take the right action. Those are the two little known secrets that will allow you to realize your dreams. Your first deal could just be weeks away!

About the author

Dean Graziosi is a real estate investor

Why People Are Rushing To Learn Real Estate Investing From Dean Graziosi

Monday, February 4th, 2008

Since 1999, through his seminars, workshops, and television appearances, Dean Graziosi has touched the lives of countless of people all over the country. He has incorporated all his proven techniques for total fulfillment into books that are easy to read and easy to use. Using clear language and vivid examples, Dean Graziosi shows how personal, financial, professional, and relationship success cannot be separated. Rather, they are one in the same, and are actually easy to achieve.

Dean Graziosi didn’t have a lot of mentors in his life, but even at a young age, whether it was luck or genetics, Dean Graziosi truly believed that whatever he wanted to do, he could do. He admits he has often thought that was silly, but perhaps that silliness - to believe that he could do anything - was what allowed him to be successful.

No matter what obstacles he faced, when he decided to accomplish something, he believed he could do it. When people looked at him and thought “you’re crazy, or nuts” he became more secure. How can you grow if you don’t try something out of your comfort zone?

Grazioso just looked at the naysayers and I feel bad for them because they didn’t want to at least try. He looks back and feels blessed that he was gifted with that attitude, and feels so fortunate that he can share that with people. As a kid, Dean Graziosi’s mom literally worked two jobs and made about $90 a week. They lived in the only trailer park in town. He and his sister had hand-me-downs, and their mom drove such a junky car, they would make her drop them off two blocks away from school so the kids wouldn’t make fun of their car.

With his can do attitude, and the necessity of finding ways to make money, Dean turned his attention to finding ways to make money in real estate. With no knowledge and a lot of desire, he bought his first investment property, an apartment building. That deal worked so well, Graziosi started some creative real estate investing, and made one real estate investment after another after another, without using a dime of his own money, and started generating a small fortune at a young age.

Upon release his new book, “Be A Real Estate Millionaire: Secret Strategies for Lifetime Wealth Today” quickly became the fastest selling real estate investing book in the country. It is a simple, straight forward real estate investing guide for people who want to know how they can use the same strategies Dean has been using for over 20 years, and teaching to novice real estate investors all across the United States.

Dean Graziosi currently operates several successful ventures, and has properties from New York to Arizona. He has achieved great success in all areas of his life, using a variety of simple to teach techniques. He has also authored “Think a Little Different” a guide to building personal wealth through real estate.

Appearing on national television since 1999, Dean has helped thousands of regular people achieve tremendous financial and personal success. His books, audio and video products have sold millions of copies to date. Dean Graziosi lives in Phoenix, Arizona, and travels extensively, helping people throughout the United States to achieve their own dreams of success and fulfillment. “Be A Real Estate Millionaire” is exciting to read and easy to understand. Rest assured that even if you’re an old pro at real estate investing Dean’s book is worth every penny if you want simple, no-nonsense real estate investing advice.

Secrets of Successful Real Estate Investing

Monday, February 4th, 2008

If you’re new to investing in real estate, it may seem confusing and complicated. With all those contracts, property titles, and legal forms, it can tend to look like rocket science, but it’s not. I believe the main reason people get so confused about real estate investing is simply because it’s new to them. I think that as we get older, trying something new becomes harder because we get stuck in our old ways. The good news is I have a solution for you. I’m going to suggest that if you are trying to make a go of it in real estate investing, you develop a childlike attitude. Now let me explain what I mean by that, and I’ll need to use some “science talk” for a minute to make my point clear.

Research shows that before preschoolers enter kindergarten; their brains are more active and more flexible. They actually have more connections per brain cell than us adults. By age three, the child’s brain is actually twice as active as an adult’s, and the child’s brain consumes twice-as-much energy. It has some 15,000 synapses or connections per neuron, compared to the average 7,500 per adult brain. There’s more. At about age 10, the brain begins mercilessly eliminating the less-used synapses. This physiological fact may explain why remediation of learning disabilities, which usually starts in the fourth grade, is such hard work and why it is so rarely completely successful. By the time we’re 18 we have the brain we will have for the rest of our lives. The shape of our brain’s internal pathways is, at that point, carved out. For better or worse, our unique physiology and personality is set. That seems to indicate that as we “grow-up” we use only what “brain-power” we need to and dump the unused portion of ours brains capabilities. So, getting stuck in our ways is really nothing more than our brains being hard wired to move us in the same “direction” over and over again.

So, getting back to my suggestion of developing a childlike attitude, as an experiment, I want you to read this article with childlike enthusiasm. Think of no option except this “real estate investing can work for you” because it can - if you apply some proven principles and strategies. As we “grow-up” we tend to lose that childlike sense of awe and wonder, the sense that anything is possible. We start over analyzing and thinking too much and we label that as maturity. In my opinion taking action always outweighs overanalyzing. The right combination of knowledge and action can deliver tremendous results for you no matter what it is you’re trying to achieve. On that note, I want to tell you about my first real estate deal, and I’ll say right upfront that one of the reasons it worked was because I never thought that it wasn’t going to. My youth and inexperience allowed me to keep focused on winning and nothing else. If I’d been older and overanalyze the situation, I may never have done it.

Here’s the story.

I was in my late teens and I was flat broke. There was an apartment house in my town that had once been a decent place, but the owners and let the wrong tenants in and the place began to deteriorate. Soon there were broken down cars in the yard, garbage piled in the hallways, a broken front door, and some busted windows. This apartment house was for sale, but its horrible appearance meant that no bank was going to give anyone a loan to buy it. The worst of its features was an eight-foot tall front porch that was about ready to collapse! It wouldn’t have been able to get a certificate of occupancy, and in most cases, you can close on a piece of property unless a certificate of occupancy exists. In case you’re unfamiliar with the term, a certificate of occupancy ensures that the property is livable…and this place wasn’t!

After some negotiations with the sellers on the price, I told them that I’d like 45 days to clean the place up, but then they would have to sell it to me. To keep them from selling it to anybody else, I told him I was going to give them a tiny little down payment. I also said that in 45 days I would start pursuing a bank loan, and then I wanted 60 days from that point to close on the property. I asked for a lot. I didn’t know any better. Guess what? The seller agreed! But here’s the scary part that I wouldn’t suggest anyone else do. Once the seller and I had a deal, I immediately went to work on the place before even knowing whether I could get a bank loan. I figured cleaning the place up was my first priority because I thought “the bank will look at the place before make it pretty, and I will never get the loan.” So I blindly put my heart, and soul, and sweat equity, into cleaning that place up. I got creative too, remember I was broke! I got rid of the junk in the front yard by calling a guy who would agree to take everything away for free so he could sell it for scrap. Then I got together with some friends and hired the cheapest laborer’s I could find. Together, we fixed all the broken windows, the front door - - and the porch.

A contract with the owners allowed me to evict some of the worst tenants, so I got rid of the ones who are unwilling to be part of the massive cleanup. We planted flowers across the front, mowed the lawn, trimmed the hedges, and painted the front of the building.

Then we went inside and painted the hallway and cleaned up couple of the apartments that we evicted people from. They were nice apartments; they just needed to be cleaned. In 45 days, the building looked gorgeous. Then I went to the bank and was fortunate enough to get a loan. In fact, I get a loan for 100% of the money I needed because the property appraised for much more money than I was buying it for. Wow! Success!

I kept that apartment house for many years and each month I enjoyed great positive cash flow from it. Then I sold it during the peak cycle and made a wonderful profit. What a great learning experience and what a great sense of accomplishment I felt. To this day, I can remember standing on the front lawn, looking at the apartment house after I purchased the property, and feeling a sense of accomplishment that came from knowing I did everything I said it was going to do.

Now I don’t suggest you rush into your first deal like I did. But looking back, I was so aggressive, because I knew what I wanted and I wasn’t going to let anything stand in my way. There was no “what if” option only a “when”. Hey, if a naïve kid who came from no money, had no mentors and never went to college can do it. You can to. You just have to get the right knowledge take the right action. Those are the two little known secrets that will allow you to realize your dreams. Your first deal could just be weeks away!

Dean Graziosi is a real estate investor.

Be A Real Estate Millionaire by Dean Graziosi

Monday, January 21st, 2008

In his new book Dean Graziosi teaches homeowners and real estate investor’s a like how to succeed in real estate investing. From buying homes to hold and house flipping, to finding fixer upper homes and tax sale properties, Dean teaches people to buy, sell, rent and flip real estate properties in a manner that is win-win for all parties involved. It’s a refreshing look at how anyone can make money in real estate within their local market while also helping strapped homeowners out of their predicaments.

Be A Real Estate Millionaire: Secret Strategies For Lifetime Wealth Today” gives you a real estate investing education that is timely, because his book release and the skyrocketing home foreclosure rate have all converged in what might be considered the perfect storm. While many people are running for cover from forclosure, the folks that want to know how to make money in real estate are running for the Dean Graziosi book. People want to know the ways to make money in real estate that Dean has taught for over 20 years to novice real estate investors all across the United States.

The book has twenty easy to digest chapters broken up into three parts.

PART 1 Making a Fortune In Real Estate.

Ok, raise your hand if you don’t like that title. In this part (6 Chapters total) Dean demystifies the process of how the realestate market works from an investing point of view. You’ll leave this section some 80 pages later knowing exactly what you need to get started with real estate investments. His emphasis on identifying and learning about your local market is written clearly, with examples and stories to illustrate.

PART 2: Building a Foundation for Success.

Even though you may understand the real estate market, your knowledge is useless if personal mental blocks delay you in taking action. Dean helps his readers (and students) move past these hurdles by sharing stories that are as real as if you were standing there when it happened. He starts with getting your finances in order and closes this section by laying out precisely how to make your goals a reality.

PART 3: Creating Real Estate Wealth.

In this final section, Dean combines everything you’ve learned in the first two sections about making money in real estate, with his win-win real estate strategy. At its core is the principle that if you understand the cycles of real estate, you can apply the perfect strategy to reap maximum profits in any real estate market.

Here’s an excerpt from Chapter 20: Starting Your First Deal Now

I had a lot of goals in writing this book, but my most important goal was to teach you as much as I could about the many resources that can help you make a fortune, just by learning to think of it differently.

After you identify the current real estate cycle, you can find the right property at the right price using the right strategy.  You may borrow money from a bank, friends, the seller, or a mixture of many of the creative financing opportunities you’ve learned.  You can start with a lot of money or nothing at all.  What is most important is to just get started.

Success in real estate has less to do with how much money you have, than with how much creativity and desire you have.  That’s what this book is all about helping you realized you can make a difference in your own life and the lives of those you care about –by thinking creatively and taking action.

“Be A Real Estate Millionaire” is exciting to read and easy to understand. Read the book several times with a highlighter in hand and then apply what you’ve learned. If you are new to real estate this will be a “5-star” book - a “must have” on your real estate bookshelf. If you are a real estate agent looking to buy and sell real estate yourself or work with investment real estate clients, this book again will likely be a “5-star” choice. Rest assured that even if you’re an old pro at real estate investing that final one-third of Dean’s book is worth every penny and what comes AFTER the book is worth millions.

The Truth About Real Estate Investing Expert Dean Graziosi

Wednesday, January 16th, 2008

 

Dean Graziosi is a real estate investing expert who teaches people how to make money in real estate by showing them how to quickly and easily identify cycles in the real estate market. His personal goal in sharing his knowledge about real estate investments is to help individuals buy, sell, rent and flip real estate properties in a manner that is win-win for all parties involved. Even though Dean Graziosi is a multi-millionaire today, that’s not the way he started. He was a poor kid, raised by a single mother, who worked her tail off at two jobs to earn a scant $90 a week. Dean wore second-hand clothes and endured excessive teasing growing up. This was motivation to better his life.

Dean Graziosi made his first real estate investment as a teenager. He bought and fixed up a run down apartment building in his home town, and he purchased it with no money down. This whole interesting story of this first venture into real estate investing is told in his book “Be A Real Estate Millionaire: Secret Strategies for Lifetime Wealth Today.” This is a book people who want to learn real estate investing invest in to learn the same strategies Dean has used himself, and taught for over 20 years to novice real estate investors all across the United States.

Unlike so many so called real estate investing experts, never would Dean Graziosi scam anyone! Dean truly desires to deliver value to people and is an active investor today. He is not content to simply offer information to make more money for himself; he is seriously committed to helping others make money in real estate investing. So they can experience the kind of financial freedom he has found through real estate investing.