I have found many people wanting to know how to create wealth through real estate but have not done anything about it. Reasons are many:
1. Scared and/or Fear
2. Do not know how or where to start
3. Have a mentor to show them
4. No Credit or Money
5. No time
The list goes on.
There is an easy way to create wealth through Real Estate!
Check out www.sharebuildersinc.com
Monday, June 28, 2010
Saturday, June 26, 2010
Asset Protection
I have spoke with many buyers/investors in the last couple of weeks and I have been having the same conversation about asset protection. I have found that fewer buyers/investors even know what that is let alone how to do it. There is an excellent resource guide/book called Lawyers are Liars, Author is Mark Kohler, CPA and Lawyer. Here are a few tips:
A limited liability company (LLC), also known as a company with limited liability (WLL), is a flexible form of business enterprise that blends elements of partnership and corporate structures. It is a legal form of business company, in the law of the vast majority of United States jurisdictions, which provides limited liability to its owners. Often incorrectly called a "limited liability corporation" (instead of company), it is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are).
An LLC, although a business entity, is a type of unincorporated association and is not a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation and it is well-suited for companies with a single owner.
It is important to understand that limited liability does not imply owners are always fully protected from personal liabilities. Courts can and do pierce the corporate veil of LLCs when some type of fraud or misrepresentation is involved, or under certain situations where the owner uses the company as an "alter ego."[1
A limited liability company (LLC), also known as a company with limited liability (WLL), is a flexible form of business enterprise that blends elements of partnership and corporate structures. It is a legal form of business company, in the law of the vast majority of United States jurisdictions, which provides limited liability to its owners. Often incorrectly called a "limited liability corporation" (instead of company), it is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are).
An LLC, although a business entity, is a type of unincorporated association and is not a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation and it is well-suited for companies with a single owner.
It is important to understand that limited liability does not imply owners are always fully protected from personal liabilities. Courts can and do pierce the corporate veil of LLCs when some type of fraud or misrepresentation is involved, or under certain situations where the owner uses the company as an "alter ego."[1
Thursday, June 24, 2010
NO LIMITS!!
I had an incredible coach (Jordan Wirsz) share this information with me and I thought I would share it with you.
Do you know what a 10% stake in the Apple Inc. company is worth today? I do. $22 Billion to be exact. Did you know, there were actually THREE founders of Apple? His name was Ron Wayne, and was one of the three original founders of Apple. His story is a bit more unique than the typical Billionaire technology founder...Instead, he made a decision that would change his life (or maybe a better way to put it, would NOT change his life) forever. Only 11 days after the Apple enterprise was founded, Ron Wayne began to second guess himself and the other two Apple founders, including legendary Apple icon, Steve Jobs.
We all doubt ourselves at times...Our business, our thoughts, our "gut instincts," but what Ron Wayne did, was sold out. Literally. Only 11 days after his entry into the business, he sold his stake back to the other two founders for a mere $800, considering it "found money," at the time he was thrilled to have the $800. Today, that same 10% stake would be worth a staggering $22 Billion. Today, Ron Wayne lives in Pahrump Nevada, in a small single story house, with a metal carport, and living off of his social security check, going to the Casino's every day, hoping his luck will turn around.
Ron said, "I made the best decision I could at the time, with the information I had, and now I'm living with the decision."
Who would have known, right? I mean Apple, who would have thought? In 1976, that $800 was worth a lot more than it is today...And at the time, Ron's greed made him take the short, sweet, and easy way out of a partnership before it really even began. That greed driven decision cost him $22 Billion.
If you have a passion, a mission, drive, focus, dedication, determination, tenacity to succeed, then you need to know that there is absolutely NO limits to what can be accomplished. The only limits we have are the ones we give ourselves.
Do you know what a 10% stake in the Apple Inc. company is worth today? I do. $22 Billion to be exact. Did you know, there were actually THREE founders of Apple? His name was Ron Wayne, and was one of the three original founders of Apple. His story is a bit more unique than the typical Billionaire technology founder...Instead, he made a decision that would change his life (or maybe a better way to put it, would NOT change his life) forever. Only 11 days after the Apple enterprise was founded, Ron Wayne began to second guess himself and the other two Apple founders, including legendary Apple icon, Steve Jobs.
We all doubt ourselves at times...Our business, our thoughts, our "gut instincts," but what Ron Wayne did, was sold out. Literally. Only 11 days after his entry into the business, he sold his stake back to the other two founders for a mere $800, considering it "found money," at the time he was thrilled to have the $800. Today, that same 10% stake would be worth a staggering $22 Billion. Today, Ron Wayne lives in Pahrump Nevada, in a small single story house, with a metal carport, and living off of his social security check, going to the Casino's every day, hoping his luck will turn around.
Ron said, "I made the best decision I could at the time, with the information I had, and now I'm living with the decision."
Who would have known, right? I mean Apple, who would have thought? In 1976, that $800 was worth a lot more than it is today...And at the time, Ron's greed made him take the short, sweet, and easy way out of a partnership before it really even began. That greed driven decision cost him $22 Billion.
If you have a passion, a mission, drive, focus, dedication, determination, tenacity to succeed, then you need to know that there is absolutely NO limits to what can be accomplished. The only limits we have are the ones we give ourselves.
Monday, June 21, 2010
FIRST TIME HOME BUYERS
First Time Homebuyer's Tax Credit Extension
The proposed extension of the home buyer’s tax credit is still not finalized. Only the first step has been completed. As of June 16, 2010, the United States Senate passed a bill extending the deadline for closing escrow on a home buyer’s tax credit
Have them contact me today!!
(702) 236-6266
WWW.SHAREBUILDERSINC.COM
The proposed extension of the home buyer’s tax credit is still not finalized. Only the first step has been completed. As of June 16, 2010, the United States Senate passed a bill extending the deadline for closing escrow on a home buyer’s tax credit
Have them contact me today!!
(702) 236-6266
WWW.SHAREBUILDERSINC.COM
Tuesday, June 8, 2010
Monopoly is the Game of Life
Playing Monopoly was fun when we were kids. We got excited when the other players landed on the properties we own when they had to pay rent. Make that game true in your life. I will show you how it’s done.
Renting your space is wasting your profit/money. Owning your own space is putting your profit/money to use. Allow me to show you how to purchase space for youself.
Come out ahead and at the TOP of the game of life.
www.sharebuildersinc.com
(702) 236-6266
Renting your space is wasting your profit/money. Owning your own space is putting your profit/money to use. Allow me to show you how to purchase space for youself.
Come out ahead and at the TOP of the game of life.
www.sharebuildersinc.com
(702) 236-6266
Monday, June 7, 2010
Sprint into Action! Real Estate Investing
I pride myself in sprinting into action to get things done. Yes, I make goals and reach them. However if you just keep making and creating goals and doing nothing it will never happen.
So I ask these questions
Have ever wanted to invest in real estate?
Have you ever wanted to purchase your first home?
Do you have good/bad credit?
Do you have enough down payment?
How soon do you want to achieve you goal?
I say SPRINT INTO ACTION, find someone that assist you and do it.
So I ask these questions
Have ever wanted to invest in real estate?
Have you ever wanted to purchase your first home?
Do you have good/bad credit?
Do you have enough down payment?
How soon do you want to achieve you goal?
I say SPRINT INTO ACTION, find someone that assist you and do it.
Thursday, June 3, 2010
Real Estate: Whats It For? To built monthly Income.. Or What?
One of the things that I have found over the years in working with clients that own real estate is that people love buying real estate, but they constantly make critical mistakes when doing so. The starting point in deciding what to buy and how to buy it should begin with the answer to this question: Why Should I buy and what is it for?
This question that you ask yourself may sound ridiculous, however an important one for your financial future. Timing is so important. What was the famous line in real estate? Location, location, location. Look back at the years 2003 to 2008 at the feeding frenzy. If someone bought in those years they bought at the high part of the market; thus, the foreclosure and short sale phenonumen. The rule of thumb to any investing or any business is TIMING, TIMING, TIMING. So do some soul searching. The time frame, expectations, and, most importantly, whether the property will be used to create income, for appreciation, or for growth and income (both).
Real Estate for Income
When buying real estate for income it is necessary to look at the type of income that you purchase. Single family homes in the Las Vegas area will be a great investment, for income if done correctly. Let me give you an example: A three bedroom home in Las Vegas, Nevada that would sell for 80,000 rents for $1,500 per month. Subtracting out the annual expenses of the debt service (mortgage payment), property taxes, insurance, and a little extra for overhead it would not be uncommon for this property to net $7,200 after expenses. Take that to another level. Invest in 10 homes with that same outcome that would be $72,000 a year. Go a little further, invest in 20 homes would equal $144,000 a year. We have not even discussed the tax advantages. Your CPA would give you that information.
Let’s take a look at commercial property. Multiunit properties, apartments, or commercial properties may be far superior in terms of income than single family homes. In today’s market, you may be able to find a 6 unit property for $500,000. Obviously the figures are larger however so is the return. If done correctly.
Using leverage (OPM or OPC) may also allow for additional income on a property.
End Result: You need to do some planning prior to purchasing a property and find a knowledge real estate agent that has done investing for themselves. You should consider the types of properties, how to fund the property, whether to use leverage, who will manage the property, what improvements it may need, and what annual expenses it might have, among other issues. The list of considerations is long, but the outcome will be well worth the hard work if done correctly.
This question that you ask yourself may sound ridiculous, however an important one for your financial future. Timing is so important. What was the famous line in real estate? Location, location, location. Look back at the years 2003 to 2008 at the feeding frenzy. If someone bought in those years they bought at the high part of the market; thus, the foreclosure and short sale phenonumen. The rule of thumb to any investing or any business is TIMING, TIMING, TIMING. So do some soul searching. The time frame, expectations, and, most importantly, whether the property will be used to create income, for appreciation, or for growth and income (both).
Real Estate for Income
When buying real estate for income it is necessary to look at the type of income that you purchase. Single family homes in the Las Vegas area will be a great investment, for income if done correctly. Let me give you an example: A three bedroom home in Las Vegas, Nevada that would sell for 80,000 rents for $1,500 per month. Subtracting out the annual expenses of the debt service (mortgage payment), property taxes, insurance, and a little extra for overhead it would not be uncommon for this property to net $7,200 after expenses. Take that to another level. Invest in 10 homes with that same outcome that would be $72,000 a year. Go a little further, invest in 20 homes would equal $144,000 a year. We have not even discussed the tax advantages. Your CPA would give you that information.
Let’s take a look at commercial property. Multiunit properties, apartments, or commercial properties may be far superior in terms of income than single family homes. In today’s market, you may be able to find a 6 unit property for $500,000. Obviously the figures are larger however so is the return. If done correctly.
Using leverage (OPM or OPC) may also allow for additional income on a property.
End Result: You need to do some planning prior to purchasing a property and find a knowledge real estate agent that has done investing for themselves. You should consider the types of properties, how to fund the property, whether to use leverage, who will manage the property, what improvements it may need, and what annual expenses it might have, among other issues. The list of considerations is long, but the outcome will be well worth the hard work if done correctly.
Tuesday, June 1, 2010
Real Estate is Moving in Las Vegas
We have seen a strong upward trend in real estate over the past few months. Usually, as families head out for summer vacations, things slow down. But so far nothing is happening as usual: activity remains high and affordability is attracting buyers.
By May, existing home sales rose again with buyers motivated by tax credits, low interest rates and improved customer confidence. Home sales increased 7.6 % nationwide, an increase of 22.8 % over May of 2009. "Although inventory levels remain above normal and much of the gain last month was seasonal, the housing price correction appears to be essentially over," NAR's Lawrence Yun reports.
Home ownership continues its yearlong trend of remaining within reach of more households than it has for almost two decades. According to the National Association of Home Builders, companies are starting to hire new employees and the economy is beginning to rebound.
I am seeing that there is strong activity in turn-key homes. Investment and Fixer-uppers are popular right now. As a more savvy investor is picking up several Commercial and Residential properties a month. A novice investor (who has money and/or credit) can take advantage of this market and start building their investment portfolio.
To learn how to invest in property:
For more information please contact: Dawn Houlf (702) 236-6266 or www.sharebuildersinc.com
JUST ASK
Q: Where is everyone moving?
A: Americans are on the move. According to the Census Bureau, here are the top five new destinations:
1.Washington, D.C. The nation's capital topped the list, with an inbound move rate of 67.8%. According to the Census Bureau, the city's population growth rate nearly tripled between 2008 and 2009.
2.Oregon. Second most popular is the Pacific Northwest. Oregon had a 58.9% inbound move rate.
3.Arkansas. Arkansas ranked third on the list, with an inbound rate of 57.7%.
4.Nevada. For 18 years, Nevada had been the nation's fastest-growing state. Nevada ranked fourth in 2009, with an inbound move rate of 57.2%.
5.Wyoming. Wyoming held steady as the fifth highest inbound destination with a rate of 56.3%.
By May, existing home sales rose again with buyers motivated by tax credits, low interest rates and improved customer confidence. Home sales increased 7.6 % nationwide, an increase of 22.8 % over May of 2009. "Although inventory levels remain above normal and much of the gain last month was seasonal, the housing price correction appears to be essentially over," NAR's Lawrence Yun reports.
Home ownership continues its yearlong trend of remaining within reach of more households than it has for almost two decades. According to the National Association of Home Builders, companies are starting to hire new employees and the economy is beginning to rebound.
I am seeing that there is strong activity in turn-key homes. Investment and Fixer-uppers are popular right now. As a more savvy investor is picking up several Commercial and Residential properties a month. A novice investor (who has money and/or credit) can take advantage of this market and start building their investment portfolio.
To learn how to invest in property:
For more information please contact: Dawn Houlf (702) 236-6266 or www.sharebuildersinc.com
JUST ASK
Q: Where is everyone moving?
A: Americans are on the move. According to the Census Bureau, here are the top five new destinations:
1.Washington, D.C. The nation's capital topped the list, with an inbound move rate of 67.8%. According to the Census Bureau, the city's population growth rate nearly tripled between 2008 and 2009.
2.Oregon. Second most popular is the Pacific Northwest. Oregon had a 58.9% inbound move rate.
3.Arkansas. Arkansas ranked third on the list, with an inbound rate of 57.7%.
4.Nevada. For 18 years, Nevada had been the nation's fastest-growing state. Nevada ranked fourth in 2009, with an inbound move rate of 57.2%.
5.Wyoming. Wyoming held steady as the fifth highest inbound destination with a rate of 56.3%.
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