Thursday, August 13, 2009

Real Estate Investing just got a lot easier!

LeTippers! So glad I had the opportunity to speak to you today. Now is the time to be ready to invest. Opportunity abounds. Whether you want to invest here in the Southland or nationwide, this is a great time to get educated. An educated investor makes fewer mistakes.

I look at the simple 1% rule; If you're buying a rental, the monthly rent should be 1% of the price. That way, you're ensuring cashflow. So if a house if $50,000, it should rent for $500 per month; if a house is $500,000, it should rent for $5,000 per month. This is why we don't buy for cashflow here in California; the numers don't work for rentals.

As I said this morning, great tips for me are:

Realtors who want to get over to the investing side of the business but are too busy trading time for dollars to invest.

Housewives who want to stay home and either learn how to create passive income, through rentals or active income, doing short sales while the kids are at school.

Professionals who have gotten laid off for the last time; they want to take control of their own destiny by learning real estate investing.

Accountants (CPA's) who can see their clients income taxes and are working to reduce their taxes.

You get the picture! Many opportunities to refer someone to me.

Oh, and did I forget? You'll get a 10% referral fee. Whether I get $200 or $10,750, you'll get 10%. What could you do with that?


Have an extraordinary week!

Cindy

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