I just wanted to share some great news before I run out the door here. I made contact with my mortgage broker based out of Edmonton. I told him about the Rent to Own company I will be working with and he told me that who ever comes in to see him for a mortgage, and they don't qualify for whatever reason, he will send them to me to help them get into a new home.
He said on any given week he has to turn away between 10 and 50 people. 10 - 50 quality leads for me on any given week without so much as a single joule (SCIENCE NERD!) of energy expended by yours truly! How great is life right now?!
It's the weekend people... get out there and enjoy it... Do NOT spend it painting the living room or watching Survivor Man... get out there and enjoy life! IT'S A GREAT RIDE!
Friday, January 23, 2009
I wanted to make another post here today on a certain subject that I don't think I can emphasize enough. No... not on desire and mindset although, you're right I think that is just as important or maybe more so. I wanted to emphasize and really "drive home" the idea that, if anyone out there wants more information or to ask any questions about anything that I am doing, currently or previously, feel free to contact me!
Call me! Email me! Whatever! I am more than willing to help anyone who desires to be helped.
I had an old co worker call me last night and was quizzing me up (asking me questions, for any of those who don't work in the oilfield) about everything I have been up to. After speaking with him and answering questions he had, he let me go because he knows I'm a big baby once 9pm rolls around (give me a break, I'm up at 4am!).
Anyways, as I was saying, after he let me go, I felt completely energized. I really fed off of the fact that I was genuinely trying to help someone. I am willing to do whatever to help anyone out any way I can in regards to what I am working on. I can't really try to help someone with something I am not currently working on because I won't have any connections or know how on something I know nothing about. Now, if it's anything even related to what I have described over the last 23 days, and you want help, call me!
Call me! Email me! Whatever! I am more than willing to help anyone who desires to be helped.
I had an old co worker call me last night and was quizzing me up (asking me questions, for any of those who don't work in the oilfield) about everything I have been up to. After speaking with him and answering questions he had, he let me go because he knows I'm a big baby once 9pm rolls around (give me a break, I'm up at 4am!).
Anyways, as I was saying, after he let me go, I felt completely energized. I really fed off of the fact that I was genuinely trying to help someone. I am willing to do whatever to help anyone out any way I can in regards to what I am working on. I can't really try to help someone with something I am not currently working on because I won't have any connections or know how on something I know nothing about. Now, if it's anything even related to what I have described over the last 23 days, and you want help, call me!
January 23rd already! That's crazy! January is going to be a thing of the past before we know it. When i look back at the last 23 days.... wow... I have come a long way in a short time. Last night I had my phone call with my mentor I have been set up with on the millionaire challenge. Her name is Diane Buckley and is just an incredible person. Her warmth radiates through the phone line. Great lady, great spirit. I'm really looking forward to working with her over the coming months.
She has be researching both Canadian and American markets. She described how were are going to look for positive cash flow properties and stay away from properties that she referred to as "running negative". As you may have already assumed, those are properties that run a negative cash flow or, in other words, you are losing money on.
She told me to look at entry level properties. These are properties such as bungalows or starter homes. She shared a fairly important stat with me, "76% of sales in the US are entry level homes, especially in correcting markets". This is due to people, who were unable to afford to buy before, and with the market dropping, they are now able to get into the market. The second reason for this stat, is that people who overextended themselves before, are now downsizing due to loss of jobs, lower wages and general market uncertainty. The third reason are people like myself and, hopefully if this inspires you to get involved, or otherwise referred to as, INVESTORS.
Investors do not want to spend for the higher end homes. Why would you?! You can get amazing deals that create a substantial monthly cash flow at $50,000 or less. So why spend $150,000 or more, even if it is still a spectacular deal?
Smart investors use leverage. Remember that word.... LEVERAGE! Leverage means to do more with less. Gain more profits with less money invested. That's what we will learn together over the next couple of months.
As I mentioned before, I have also joined forces with a company out on the West coast that helps renters achieve home ownership by setting up Rent to Own properties. We will offer the opportunity to those who qualify to be set up in a nice property, paying a monthly "rent" for the first 24 months and then have an option to buy that property on the back end of the agreement.
If you know anyone looking to purchase a home through this type of method, forward my email address onto them and I will supply them with any additional information.
scott.weller@shaw.ca
She has be researching both Canadian and American markets. She described how were are going to look for positive cash flow properties and stay away from properties that she referred to as "running negative". As you may have already assumed, those are properties that run a negative cash flow or, in other words, you are losing money on.
She told me to look at entry level properties. These are properties such as bungalows or starter homes. She shared a fairly important stat with me, "76% of sales in the US are entry level homes, especially in correcting markets". This is due to people, who were unable to afford to buy before, and with the market dropping, they are now able to get into the market. The second reason for this stat, is that people who overextended themselves before, are now downsizing due to loss of jobs, lower wages and general market uncertainty. The third reason are people like myself and, hopefully if this inspires you to get involved, or otherwise referred to as, INVESTORS.
Investors do not want to spend for the higher end homes. Why would you?! You can get amazing deals that create a substantial monthly cash flow at $50,000 or less. So why spend $150,000 or more, even if it is still a spectacular deal?
Smart investors use leverage. Remember that word.... LEVERAGE! Leverage means to do more with less. Gain more profits with less money invested. That's what we will learn together over the next couple of months.
As I mentioned before, I have also joined forces with a company out on the West coast that helps renters achieve home ownership by setting up Rent to Own properties. We will offer the opportunity to those who qualify to be set up in a nice property, paying a monthly "rent" for the first 24 months and then have an option to buy that property on the back end of the agreement.
If you know anyone looking to purchase a home through this type of method, forward my email address onto them and I will supply them with any additional information.
scott.weller@shaw.ca
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