This Is Going To Be Great!
Posted on August 4, 2007
Filed Under General |
The last few weeks have been crazy but, it looks like it is all working out very well.
Yesterday, I finalized agreements to bring three new authors into the Real Estate Field Guide stable. I can’t give their names yet and even if I did they are not well know or famous, but they are all experts in their areas.
You may or may not know it but at the Field Guide I recruit authors who often times never thought about being authors. I’m always looking for the real experts at doing the deals, not the guys and gals on the guru circuit. The reason is my membership at the Field Guide aren’t looking to be entertained, they are looking to be informed and to learn how to transition to a more efficient model in their investing activities. So, for example, we have Tim and Jim Greene, aka the Sub2Bros who are absolute experts at buying properties “subject to” but they don’t have a home study course and they don’t do lectures around the county and they don’t do boot camps. They invest, write for the Field Guide and participate in the forum area we call the BonFire. They have also taught parts of the Apprenticeship Program in the past.
Those are the types of people we look for. People with the knowledge, expertise and common sense to help other real estate investors invest better, smarter and more effectively.
These three new authors definitely fit that mold.
Like I said, we are not ready to release their names but their areas are three of the most often requested areas on the Field Guide.
- Commercial Real Estate
- Apartment Buildings
- Transitioning from small residential to Commercial or Large Residential
I am very excited and I know they are going to be an excellent addition to the Field Guide and a much sought after resource for the membership there.
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3 Responses to “This Is Going To Be Great!”
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YAAAAAAY! ALLLRIIIIIIGHT!
Need I say more? LOL
I look forward to it!
Want a behind-the-scenes look at the raw world of flipping foreclosures? We recently filmed ourselves over a few days and put the video on metacafe and youtube. We’re not promoting or selling anything–just presenting an unscripted video of our business.
* Warning: some of the language is offensive and definitely pg-13.
http://www.metacafe.com/channels/goodbyeforeclosure/
http://youtube.com/profile?user=goodbyeforeclosure
Thank you for your timely housing analysis and insight. Just wanted
to write you a brief note about the island of Guam. We all know that
residential real estate is not doing too well on the mainland,
especially during the last year. However, the island of Guam is one
exception and a very bright spot during these unsure times.
Why is this? The economy of Guam has suffered for about the last 14
years and the median sales price of a home bottomed out at only
$106,000 in 2003. Since the beginning of 2003 through spring 2007,
the median has shot up to nearly $200,000. Yes, these are small prices
compared to most U.S. metro areas, but it is one area going up still.
The price of Guam real estate is going up because of a huge U.S.
military relocation of U.S. marines from Okinawa to Guam. 8,000
marines plus their family members.
That’s not all. The U.S. Air Force is growing its presence on the
island and so it the U.S. Navy.
Why is this significant? Guam is only 26 miles long and 8 miles
wide(very limited resources). The U.S. military pays substantial tax
free housing allowances to military members to rent homes. The
current population of Guam is
only 170,000 and is expected to increase by an additional 40,000 when
the military expands from 2008-2014. Okinawa (where most are coming
from) is Japanese territory and most U.S. citizens cannot buy property
there, however, we can buy on Guam because its a U.S. territory.
I just bought a brand new home for 183K (had to put 25% down) and
found a military member that signed a lease for $1,900. My PITI is
only $965.00 per month. If it wasn’t for management fees (10%) I
would almost be clearing $1K positive cash flow per month. Not too
bad for residential 2007 investment?
Bottom line: Guam one place where there is guaranteed population
growth and economic growth. Prices are relatively affordable. Its one
place where owning is cheaper than renting (you can rent for positive
$). However, it won’t last long. Korea, China, Japan, Austraila, New
Zealand, and Twaiwan are all trying to get in now.
Don’t take my word though. Look up the low inventory on Realtor.com
and compare to the surge that’s coming. Google everything Guam and
U.S. marine relocation. Guam Pacific Daily News (local newspaper) and
the Guam television news channels are good resources.
Regards,
Big Guam Fan