Hi Josh, I just let Bruce know that I completed my cash-out re-fi…. Someday I’ll share with you what this has meant to me and my family. It’s great that you make dough on these deals and the investors clean up too. Nice. Thank you for helping me take the first step in a new direction.

I’m nearly ready for my next house, once Beth and I come together and get a tenant in there. I have really enjoyed the process. There was a bump here and there but a fun experience overall.

Cheers,

Here is a great clip of Robert Kiyosaki (Authur of Rich Dad, Poor Dad) and Doug Crowe (founder of a successful real estate education and training program Springboard) discussing the value of holding real estate.  This is one of our basic principles and seems to be a common theme among successful real estate moguls.  I have been preaching the value of holding real estate since I started in 2000.  This is a great clip, enjoy.

I’d like to thank all of my investors for the great turn out we had for our Seminar/Party.  Despite the weather, there was a fantastic showing from current and new investors.  If you were not able to make it, please call to set up a one on one meeting.  It was a great night that was full of new networking connections and real life stories.  Some of the highlights of the night were our testimonials to the strugles and successes that go along with this business.  The footage below is a brief clip of the night. 

Our raffle was a blast this year, with 11 winners.

9 Winners - $250 Gift Certificates

2nd Place - $1,000 Gift Certificate, went to Dan Pigatto

GRAND PRIZE - 42″ Panasonic Plasma HDTV Flat Panel, went to Trigon Properties

Thank You for joining us!

Here’s a quote from a recent client:

…."Simms, turned out real well. $98K in purchase + rehab, $160K appraisal, $128K in new loan, and $1,100/month. Not bad at all. I jusr re-financed it at 7%. Not bad for investment property…
Actually, I took out $13K from Midland, and around $30K from Simms. Not bad for a beginning investor? J
"

Meet him at our investor party on Friday, January 25th.  Email heddy.ramsey@gmail.com to RSVP.

Let’s examine the numbers:

• Purchase and Rehab $98,000
• New Appraised Value of $160,000 (This is $25,000 more than our estimate)
• 80% LTV = $128,000 New Loan 
• New Loan of $128,000 - $98,000 = $30,000
• $153/mo. Cash Flow
• Return = Infinite (client has $0 of his own cash in the project)

Here is the original email offering the home at $88,900

In 2005, Rent to Own simply did not work. In 2008 it will be a viable option for all of us.
Selling homes in this market is not easy, however our Rent To Own program has really
started to gain some traction. My investor bought this home for $54,000. He recently
accepted a rent to own contract at $112,900. The contract provides that the tenants have
24 months to close. This investor has dealt with tenant issues, an eviction and all the
typical struggles that all of us as investors go through. He realizes that real estate is a long
term investment and has continued to grow his portfolio. This project has been another
amazing success.

My Investor Sells for Double

Recently I sent out a foreclosure in Geneva IL.  These deals are VERY rare.  The investor who bought this unit followed our principles and had a great experience.

My investor Buys for $152,900

My investor’s Comparable at $219,000

I don’t recommend flipping, in fact I recommend against it. Wealth is created from holding real estate, but there are still opportunities to buy and sell. This is an example of a project that I rehabbed and sold for a nice profit. Our experience in Real Estate is invaluable. Call me to consult with you on all of your real estate needs.

I Bought for $195,500.
I Sold for $425,000.

Gross Profit of $230,000, Net Profit Est. at $80,000!

Another great result for one of my investors.

My Investor Buys for $118,500.
My Investor Sells for $184,900.

Gross Profit of $66,400, Net Profit Est. at $30,000!

Another successful rehab and sale for one of my investors.

My Investor Buys for $124,000.
My Investor Sells for $177,900.

Gross Profit of $53,900, Net Profit Est. at $28,000!

Another investor with a successful project. They held the property for a year before selling at a nice profit.

My Investor Buys for $81,000.
My Investor Sells for $122,000.

Gross Profit of $40,400, Net Profit Est. at $23,000!