C.J Lauria Articles

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Learn the Value of a Solid Cash Buyers List

As a real estate mentor I encourage my new students to start building their lists long before I send them out writing offers, or even prospecting sellers. It is a matter of not “putting the cart before the horse.” I continue to hear of would-be wholesalers prospecting deals without having an adequate list of qualified buyers in their arsenals. You know what happens to these people? They end up having to leave their deals behind because they have no one to buy their contracts!

The Real Road to Wealth in Real Estate

The following two strategies can be employed during the present market, which will hone your real estate investing skills as well as enable the savvy, alert investor to save for the next up market in the future. You can either fix & flip properties or wholesale properties for an even quicker, lower risk proposition.

What if My Credit is Shot & I Have No Money?

When ones’ credit suffers damage, private money lenders can make a transaction possible…for a price. That, though, is a subject for another day. In the meantime, wholesaling makes it possible for a new home business to generate enough cash flow to live comfortably and, in time, save a nest egg for future purchases. The idea behind wholesaling is to bird dog great real estate investment deals, and get them into contract. Once a contract is signed and escrow opened, the wholesaler then assigns the contract to a cash buyer (another investor) who will then fix & flip it or hold it as a rental. This way everybody wins.

Another Reason REI Beats Paper Assets

In this article I want to discuss something called the “Preferred List”. This is a list of the funds that a brokerage recommends to their clients. It is the selection of funds that their research has determined are the absolute best in the industry for the firm’s clients. Sadly, in a lot of cases this list is made up of fund families that paid some sort of extra consideration to be on the list. It’s also interesting how often the firm’s proprietary funds end up on that list. Hence, if you are a client of Merrill Lynch, let’s say, you will typically see quite a few Merrill Lynch funds on that list. This is a simple case of allowing how much you get paid to drive your decisions on what funds to recommend.

Let’s Talk Trash

It is easy to generate enormous amounts of trash on a rehab project. These take up a huge space in containers and then there is always that last load that mysteriously turned up. Some folks will order a 40 yard debris box only to have the neighbors fill it up overnight with their old appliances and what not. Depending on the neighborhood the problem can be either better or worse. Before creating any construction debris, I have followed a policy of “a clean ship is a happy ship.”

Here’s A Smelly Subject

There are really only a few common causes of bad odors. It can be from a human or animal source or often it is fungal. Today, I want to address when it is caused by animals or people who act like animals. The worst has to be a bladder control problem from a cat. However, male animals tend to mark their territory by spraying vertical objects like walls and furniture. Most wall substrates are porous and will soak up the urine and retain all the odors just to dispense it over time. Wood floors are also highly absorbent and will act like a wick to all liquids. Funny enough, most folks figure that if it’s dry, it’s gone. WRONG! Those odors are there to stay and will come back to haunt the unwary buyer. Don’t let that be you.

Your Home’s Silent Enemy

What, exactly happened to that door’s finish? To comprehend the answer it is necessary to first understand the principle in place here. Earlier I said that ultraviolet light destroys even your hair and skin. Now, suppose you were to stand under a tree. Would the sunlight have an opportunity to do its’ destructive work on you as long as you remained in the shade? No. The tree served as a protective barrier acting as a shield against the harmful rays of the sun.

When Plywood Siding Is Damaged

Wood has 2 silent enemies (and I’m not speaking about termites). They are the two essential elements to all living things: water and sunlight. To living things they are life giving. To dead things, well, they finish the job. In order to protect the siding from these elements, it must be properly coated. If the surface is insufficiently covered with a contiguous paint film it will deteriorate rapidly. When that happens, it gets very costly!

Eradicating Mold Issues On Your Next Property

Many have made the mistake of trying to paint over molds only to find out that the water in latex paints only revives the organisms and it soon reappears through the new paint. The solution is a 10:1 bleach and water solution applied over any possible affected areas. Spray application is best. Before painting, though, all surfaces should be at a fairly neutral PH level. This means that you will want to rinse all bleached surfaces so as to get an acceptable substrate for paint. I generally treat with bleach prior to the standard pressure washing.

So You Think You’re Ready to Start

I have observed the many, many would-be REI home businesses go after bank REOs with a passion, only to have the Lender “rain on their parade” by completely changing the rules of the game. More recently we have seen these same types of people spend good money on another short sale program, just to have the Lenders “pull the rug out from under” their next deal. The reality of it is that there are many ways to prospect a variety of sellers for real estate investment deals. The key is getting a real education, hook up with a network, build a buyers list and hire a quality real estate mentor. Without the foregoing, it is much too formidable a road to travel.

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About the Author: C.J Lauria

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C.J. Lauria, Real Estate Mentor, Real Estate Investor, Personal Development Expert, Entrepreneur Coach, and Author, addresses pertinent concerns facing many boomers today. Whether you are 1) concerned about possibly outliving your income and having to dramatically scale back your lifestyle, 2) weary of purchasing an endless number of “programs,” 3) looking for a sense of fulfillment or 4) tired of watching others make insane profits in real estate, he offers solutions to these problems. He trains, coaches and mentors beginning, intermediate and advanced Real Estate Investors to operate a gainful business. Regardless of your age or circumstances, he provides solutions for financial independence from education and mentorship all the way through to wealth building/protection strategies for your newfound wealth. As Founder, he offers many solutions through Invesdoor.com and the renowned Mentor for life!™ real estate investing partnership plan. C.J. Lauria, Founder Invesdoor!™ Mentor for life!™ 888.380.Invest (4683) http://invesdoor.com http://www.facebook.com/mentor4life http://www.linkedin.com/in/cjlauria http://twitter.com/invesdoor "Attitude is Everything"
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The Real Road to Wealth in Real Estate

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