Tuesday, December 30, 2008
Cash Flow for a Cause--First Decents
Friend and local professional kayaker Brad Lundin founded First Decents 8 years ago to provide an opportunity for kids with cancer to share in this exceptional sport. These camps for kids are paid for by donations of time, resources, food and money. Those of you who have purchased cash flow properties from us at http://www.ezkeyre.com, I know you have some extra income this year. For those of you who are not flush with cash in 2008, ask yourself what it woudl be like to have enough passive income to give all you wanted, without impacting your lifestyle. http://www.EZKeyRealEstate.com will teach you how to make more money...that's the easy part. Give to First Decents, give joy, excitement and passion to these kids.
Check out this video and http://www.firstdecents.org
Monday, December 29, 2008
Stone Creek Chutes open in Beaver Creek
Check out this video of my friend Chris Anthony on Christmas Day. Talk about a white Christmas.
Sunday, December 28, 2008
T'was the the night before Christmas
James Fudge: 'Twas the Night Before Christmas, 2008
By James Fudge
Wednesday, December 24, 2008
'Twas the night before Christmas, two thousand and eight,
But I wasn't cheerful, I was getting irate.
Reviewing finances, as I sat by the fire,
I realized quite glumly -- I might never retire!
My stocks and my bonds, my poor IRA,
They were all cut in half -- my 401(k)!
My home's latest appraisal, sure made me frown,
I looked at my mortgage -- I was now upside down!
I've had a good job, for several years past,
But now who could say, how long it will last?
I could be in trouble, I sat there thinking,
If this economy just keeps on shrinking!
I turned on the news, watched in disbelief
Today's latest scandal, today's biggest thief.
Bankers and traders, and car execs too,
Hedge funds, insurance -- how could this be true?
I wanted to yell, and I wanted to scream,
What just happened to the American dream?
I cursed and I wept, and I got really mad,
Where were our leaders, why were they so bad?
Suddenly out in the street, there arose such a clatter,
I sprang to the door to see what was the matter.
Of course it was Santa, but I was dumbstruck,
Instead of a sleigh, he was driving a truck.
He carried no presents, no large sack of toys,
Just a small duffel, the kind used by boys.
The glare in his eye and the tilt of his head,
Soon gave me to know I had something to dread.
He came up the walk, and then walked right in!
No greeting, no handshake, he looked really grim.
"I've brought you one gift," he said with no cheer,
"But first you must listen, first lend me your ear.
"I've watched you all year, and many others too,
You've hit a rough time, that much is true.
You may well shake your fist, at this cruel twist of fate,
And try to place blame, but now it's too late.
"As house values rose, you went along for the ride,
The markets rose too, an endless high tide.
Money was cheap, and easily had,
As you borrowed some more, you thought, 'Debt's not so bad!'
"But you somehow forgot, these two simple facts:
Whatever you borrow, you have to pay back.
And just like a tide, flowing into a sound,
That which goes up, will surely come down.
"You neglected the warnings, you succumbed to blind greed,
So you bought what you wanted, way more than you need.
You think the economy, is now a train wreck?
Stick around son, you ain't seen nothin' yet.
"These leaders you blame, may be clueless it's true,
But lest you forget -- they work for you!
So please stop shedding your 'woe-is-me' tears,
You can fire these guys, once every four years."
He reached in his duffel, pulled out a small gift,
He said, "This is priceless, it will give you a lift.
So listen real carefully, pay me close heed,
If it's used wisely, you'll surely succeed. "
I was excited, I shook like a leaf,
To have such a gift that would solve all my grief!
A diamond? Some cash? Frequent flier miles?
The keys to a Benz? That'd sure make me smile!
I opened it slowly, and stared in surprise,
At a round mirror, of very small size.
I looked up at Santa, somewhat confused,
He winked at me once, looking slightly amused.
"The answer my friend, you'll find it is true,
Is found in that mirror -- the answer is you.
You have the power, the power to choose,
Your choices determine, if you win or you lose."
He gave me a smile, and then winked once more,
And with a wave of his hand, he flew out the door.
I heard him exclaim, as he jumped in his truck,
"Happy Christmas to all, good night and good luck!"
James Fudge lives in Niwot
Short Sales are they good for you?
A news report finally has come out demonstrating how Short Sales can benefit the borrower (see link below). Real estate investors are very familiar with short sales, the advantages and disadvantages for the banks, sellers, borrowers and buyers. Many cash flow properties are created by using a short sale as a strategy. If you mention the words “short sale” to a real estate professional in Indianapolis, Denver, Memphis, Kansas City or Vail, you’re likely to get a response that short sales are bad for sellers, bad for buyers, and just a complete pain. For real estate investors, active realtors and those of us working in this area day-to-day, we see that these transactions can actually be good transactions for everyone involved. They often leave the seller with some closure to a default without facing future collections and other consequences associated with just mailing in the keys in foreclosure. Likewise, short sales can be a great opportunity for buyers and real estate investors looking for nice homes at low prices that will cash flow. Realtors in some markets are now saying 1/3 of active listings are short sales (I did not take the time to verify that statement, however let me know what your point of view is).
At http://www.ezkeyre.com/ we do not focus on short sales. We are an investor to investor business, creating opportunities for building wealth and passive income through real estate: in short we a cash flow company. Although we have performed short sales, and had many conversations with banks this is not our specialty. On occasion we have clients get into trouble or over their heads with their other investments, and have it impact their participation with us. We will often buy our properties back when necessary, simply because a good deal is a good deal for anyone. With all of our 10 property or 15 property packages with our cash flow guarantee, that we owner finance, we have a delinquency clause that deeds the properties back to us in the case of missed payments. This prevents any damage to our client’s credit (from us), avoids any foreclosure proceedings, and allows the packages and the notes to be resold quickly.
Given short sales are so commonly asked about we figured this post would be of value.
Local Denver news station, Channel 2, recently ran a story on the positive aspects of short sales. Here is the link to the video.
Short Sale Story
Comment on this Post on http://www.ezkeyre.com/
Thursday, December 18, 2008
Snowing in Vail. Can a cash flow property get you here?
Learn cash flow real estate investing and profit!
What has worked in the past for finding cash flow properties and buying income producing real estate simply does not work anymore. Or if it does work, there are much better options and solutions that are much simpler and more effective. The rules have changed and you must learn new techniques for the new market!
At http://www.ezkeyrealestate.com, we will share with you the most cutting-edge cash flow investing ideas that work in a soft or declining market so you can profit no matter what the market does. Let's face it, some people make money in ALL markets (just ask Warren Buffet) because they stay ahead of the trends and are constantly learning new ideas. If you rest on your laurels and rely on the old way of doing it, you'll find yourself coming up with average results. If you are interested in passive income, cash flow properties, foreclosure investing, or building wealth, and you learn new ideas, new concepts and constantly reinvent your approach, you'll be one of the few that make a bundle from the opportunities in this market.
In this time of economic upheaval, I hear a lot of concern and worry about how bad the real estate market is from new investors. Amazingly, I don't hear it from experienced investors. The reason? Experienced investors are not doing what they were doing 3 years ago...the situations have changed in the market. When the market turns sour there are some sweet opportunities for real estate investors.
Really.
I am overcome with joy this holiday season at the opportunity we all have in real estate investing this coming year. At http://www.ezkeyre.com we are getting in big and buying more real estate than we have in the past 2 years combined. Our crews are ramping up and we will be bringing 15-20 cash flow properties to market every month this next year. All with 12 months guaranteed cash flow. Come play with us or let us teach you how to do it for yourself. Simple... Fast... Profitable or we will buy it back from you or your client. Plus WE pay the closing costs. Really!
If this is not for you, come learn what we do, share it with others, and make commission if someone buys.
Happy Holidays and Merry Christmas to all of our loyal clients and to those of you who are just discovering how great this opportunity really is. Remember, you are powerful enough to create miracles in your life...and we are here to help. Go to our site and email us if you are interested in some of our holiday special properties. We have duplexes, fourplexes, singles, and packages...all wrapped up with a bow of financing, and we will accepts some ridiculous offers between now and the new year.
Not a believer? Try making an offer.
Wishing you a safe and profitable holiday season.
Erik Sale
Wednesday, December 17, 2008
2009 Rental Property Forecast
- Home prices on average will continue to fall but dramatic price drops such as those we saw between 2006 and 2008 are unlikely. The prices in our investor specific markets have dropped very little in comparison to the rest of the country, because we never had the escalation of over pricing. Our markets have appreciated 4.4% per year for 25 years, on average.
- Affordability and lowering interest rates will drive an increase in existing-home sales. Proper pricing, as always, is essential. We buy a home, rehab it, rent it, manage it and sell it, at 70% of current value, with $250 per month in cash flow guaranteed for 12 months. Purchase price will be $75,000, and might as well ask for owner financing at 90%. Cash on cash returns of 30+%.
- More real estate agents, mortgage brokers and investors will be leaving the business as they fail to adapt to market changes. Let http://www.ezkeyre.com be your guide. We're doing boring, consistent and profitable deals.
- Mortgage defaults will remain elevated as job and economic growth slows and the next significant wave of mortgages reset. There will be thousands of new foreclosures every month, in every major market. Which markets are the best to choose from? Watch http://www.easykeyrealestate.com for our updated market specials.
- Short Sales will increase as loan modification efforts are exhausted and the majority of existing loan mods default again. Those that are unaware of short sale options will simply let their homes go back to the bank. Sellers will ask themselves if they are better off walking away, or selling their homes on a short sale, absorbing the hit to their credit reports and becoming renters for a few years. Most people just don’t want to deal with “failure” circumstances. Predictably most will simply walk away and avoid the drama.
- Investors and real estate agents who specialize in short sales and foreclosures will see an increase of business beyond expectations. We are not your short sale people! If you need help we can point you in the right direction. We are foreclosure experts. We buy them, fix them, rent them, and sell them, to investors with guaranteed cash flow for one year.
Why do we sell them, some ask? Great question! Just in our small group we have over 300 homes, and as I mentioned there are thousands hitting the street every month, every week for that matter…and there are more to come. The deals keep getting better and better….we simply cannot do them all, not even a small percentage! As a company we are committed to eradicating all conversations of scarcity in the world. If every home owner in America purchased one rental home, the economy would flip in flash! More about this later…
The big question is are you ready for 2009? Are you going to increase your wealth, cash flow, or passive income, or are you going to work harder to try and survive the life you have been living? If you have not owned income producing property, there has never been a better time. If you don’t have time, money, credit, or the knowledge to , call us up or email info@ezkeyre.com and ask how you can still make money in this time of exceptional opportunity.
If you don’t retire yourself from investing in cash flow properties this year…you will just be one year older when you do! Jump in, the water is fine.
Friday, December 12, 2008
Figuring out Cash Flow Real Estate Listings - A Quick Look @ Lingo and Acronyms
Figuring out Cash Flow Real Estate Listings - A Quick Look @ Lingo and Acronyms
Turn Key Real Estate, and Cash Flow Property ads are usually full of acronyms and terms that are unfamiliar to newbie buyers. Here's a cheat sheet to let you in on the lingo.
4B/2B: four bedrooms and two bathrooms
assum fin: assumable financing
bedroom: usually a sleeping area with a window and a closet, but the definition varies in different places
bathroom: There are three types of bathrooms: a full bathroom is a room with a toilet, a sink and a bathtub; a three-quarter bathroom has a toilet, a sink and a shower; a half bathroom or powder room has only a toilet and a sink.
closing costs: the entire package of miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission; mortgage-related fees; escrow or attorney's settlement charges; transfer taxes; recording fees; title insurance and so on. Closing costs are generally paid through escrow.
CMA: comparative market analysis or competitive market analysis. A CMA is a report that shows prices of homes that are comparable to a subject home and that were recently sold, are currently on the market or were on the market but did not sell within the listing period.
contingency: a provision of an agreement that keeps the agreement from being fully legally binding until a certain condition is met. One example is a buyer's contractual right to obtain a professional home inspection before purchasing the home.
dk: deck
expansion pot'l: expansion potential means that there's extra space on the lot or the possibility of adding a room or even an upper level, subject to local zoning restrictions.
fab pentrm: fabulous pentroom, a room on top (but under the roof) that has great views
FDR: formal dining room
fixture: anything of value that is permanently attached to or a part of real property. Fixtures include installed wall-to-wall carpeting, light fixtures, window coverings, landscaping and so on. Fixtures are a frequent subject of buyer and seller disputes. When in doubt about who will have ownership of fixtures, get it in writing.
frplc, fplc, FP: fireplace
gar: garage
gard: garden
grmet kit: gourmet kitchen
HDW, HWF, Hdwd: hardwood floors
hi ceils: high ceilings
in-law potential: potential for a separate apartment, subject to local zoning restrictions
large E-2 plan: one of several floor plans available in a specific building
listing: an agreement between a real estate agent and a home owner that allows the agent to market and arrange for the sale of the owner's home. The word " listing" is also used to refer to the for-sale home itself. A home being sold by the owner without a real estate agent isn't a " listing," it’s called a FSBO (for sale by owner).
lo dues: low homeowner's association dues. Do your research to find out just how " low" the dues actually are compared to other dues in the area.
lock box: locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent
lsd pkg: leased parking area; it may come with additional cost
MLS: Multiple Listing Service. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate agents. Membership isn't open to the general public, although selected MLS data may be sold to real estate listings Web sites. MLSs are local or regional. There is no MLS covering the whole country.
nr bst schls: near the best schools
personal property:movables, such as appliances and furniture
pot'l: potential
pvt: private
pwdr rm: half bathroom or powder room
real property: real estate is legally called “real property”
REALTOR®: a real estate agent or sales associate who is a member of the NATIONAL ASSOCIATION OF REALTORS®. Not all real estate agents are REALTORS®.
title insurance: an insurance policy that protects a lender's or owner's interest in real property from assorted types of unexpected or fraudulent claims of ownership. It's customary for the buyer to pay for the lender's title insurance policy.
upr: upper floor
vw, vu, vws, vus: view(s)
Cash is King and Cash Flow is the Golden Goose.
Posted by Erik on 12/12/2008 12:35:00 PM
Mortgage rates drop to lowest level since January. Yeah, baby, 5.53% 30 year fixed! What else? Oh, a federal official states that mortgage rates could drop to 4 percent…in our lifetime (within the next year!). Wow! Remember, you have a choice, you can see this as gloom and doom, a harbinger of bad things to come OR you can see this as an opportunity to raise yourself up, to take advantage of every opportunity. It’s your choice. Choose wisely. If you work things well, you can lay the groundwork for LIBERTY, FINANCIAL FREEDOM, and set yourself up for life. People are doing it today. You can too!
We now have financing for packages of 10-15 homes, all fully renovated, all with positive cash flow, all with management, and all with guaranteed rents for 12 months. AND we will owner finance the package to an entity with 10% down @ 6% interest. If you can find a better deal anywhere on such a package....I will eat my hat!! If you don't like hats I will take you skiing for a day in Vail Colorado before our closing. Go to http://www.EZKeyRealEstate.com to learn more and contact the dealmaker
Monday, December 1, 2008
Package: Three Guaranteed Cash Flow Properties
3 Cash Flow Properties Indianapolis, IN 46241 MLS #: ezkeyre.com | |
| $225,500 | 9 bedrooms 4.00 bath |
 Total annual rental income is $25,200, with a gross monthly income of $2,100. One year cash flow guaranteed. No maintenance fees on these properties. We guarantee a simple, profitable and easy investment for you or your money back! 3905 Ireland Drive 3 bedroom 2 bath home with 2 car attached garage. Open floor plan. Completely renovated. 5726 Oliver Avenue 3 bedroom, 1 bath ranch on Westside of Indianapolis - convenient to interstate and airport - good school district - completely renovated 2617 Woodrow Avenue 3 bedroom, 1 bath home with 1 car attached garage located on Indianapolis' Westside in solid neighborhood. Convenient to airport and interstate - Completely renovated. | |
| View the Photos and Virtual Tour: Click Here | |
EZKeyRE.com Phone: 866.95.EZKEY |
This information is deemed reliable, but is not completely guaranteed. Buyer to verify all information. |
| E-mail: dealmaker@ezkeyre.com | |
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