Wow, it's already September 1st. Makes me sad to know that the long warm days are almost gone. The fall is a beautiful time of year in the Northeast, but I do love being out on the water.
This summer we've really been blessed. We've had our most successful year thus far and I'm so looking forward to continuing this growth. To be quite frank, we haven't closed a ton of deals. My husband and I were looking at the deals that we've completed over the past few years and it really isn't that many. But what's really turned our business around (cash flow wise) this year, is where the properties we get under contract are located.
This summer, we flipped 3 properties and are rehabbing 1. The 3 properties we flipped were in excellent locations. Any real estate expert will tell you that location is on the top of people's list when looking at a property for themselves or as an investment.
Not to say that only the properties with great locations are those you can flip, but they definitely sell a lot quicker. Then again, if you have a good solid deal, there will be an investor who will buy it, it's up to you to find them!
So yes, I am ecstatic with how our year is going thus far, especially this summer. But at the same time, I KNOW we can do better. We can do WAY more than 1-2 deals a month, it isn't hard! But our goal is to work smarter, not harder! To spend time and money on the things that will give us the best return. By not having too much on our plate, I can still try to focus on how we can grow, without me being part of the daily operations.
My role should not be to look at properties and sifting through motivated sellers, but networking with investors and building strategic relationships. What does that mean??!! My goal is to use my real estate business to a) create the financial lifestyle that we want to achieve b) help my clients, partners and investors to be successful c) build a business that will is socially aware and will impact others throughout the community.
Til the next time!
Wednesday, September 1, 2010
Friday, July 23, 2010
50 drop offs!
Cisco and I made a promise to each other today and that's all I'm going to say!
Stay tuned because we are counting down!
Stay tuned because we are counting down!
Money under the mattress...
I am still on my way to finding out what is the "muse" that will bring me and those around me more happiness and success. Some things that I enjoy doing include:
spending time with my husband
shopping
traveling
outdoor activities (not extreme outdoor activities.. big difference!)
photography
music
eating out
staging homes for sale
volunteering
healthy living (but I still like to eat bad, I just like to make smarter food choices the majority of the time!)
Some things that I would love to do but don't have time to do:
leisure reading
learn a new language like Spanish or Tagalog
baking
cooking
So of these list of things that I enjoy, which of these do I enjoy the most, and I have somewhat of an expertise than the average person, that they would pay for the information that I can provide? Hmmmmmm.... I'm liking the idea of healthy baking..
spending time with my husband
shopping
traveling
outdoor activities (not extreme outdoor activities.. big difference!)
photography
music
eating out
staging homes for sale
volunteering
healthy living (but I still like to eat bad, I just like to make smarter food choices the majority of the time!)
Some things that I would love to do but don't have time to do:
leisure reading
learn a new language like Spanish or Tagalog
baking
cooking
So of these list of things that I enjoy, which of these do I enjoy the most, and I have somewhat of an expertise than the average person, that they would pay for the information that I can provide? Hmmmmmm.... I'm liking the idea of healthy baking..
Monday, July 12, 2010
Why should I follow you?
Well, we are obviously all special in our own ways. But what do I want you to get out of my blog that makes me different? In a previous post, xxxxxxxxxxxxx , I shared with you why I wanted to blog, reasons for myself. But what's in it for you?
Doing something that is not typical and outside of what the majority of people you know would do, (i.e., leaving my stable job for a career in a real estate- in the middle of a recession during a time where foreclosures were at an all-time high) could be considered an ignorant decision to some and a brilliant decision to others. I left my job in January 2008 and felt like I had very little support from close friends. Rather than feel like I had friends that believed in me and our decision to leave my LOW PAYING/ NON-CHALLENGING/ TIME DEMANDING job, I felt that there were few people that I could connect with that would understand why we would make such a move in the first place. However, while my husband and I decided to make this change in our lives, we kept people close to us who had a similar mindset.
My purpose for you is to understand that no matter what job you've been at all your life, nobody should ever feel stuck in a place that makes them feel unhappy and unfulfilled. Or if you are fulfilled and aren't making money, then what good is that? The impact that you'll have on others as you grow financially will increase and your happiness and well being, which will radiate and attract positive energy and people to bring you more success.
Doing something that is not typical and outside of what the majority of people you know would do, (i.e., leaving my stable job for a career in a real estate- in the middle of a recession during a time where foreclosures were at an all-time high) could be considered an ignorant decision to some and a brilliant decision to others. I left my job in January 2008 and felt like I had very little support from close friends. Rather than feel like I had friends that believed in me and our decision to leave my LOW PAYING/ NON-CHALLENGING/ TIME DEMANDING job, I felt that there were few people that I could connect with that would understand why we would make such a move in the first place. However, while my husband and I decided to make this change in our lives, we kept people close to us who had a similar mindset.
My purpose for you is to understand that no matter what job you've been at all your life, nobody should ever feel stuck in a place that makes them feel unhappy and unfulfilled. Or if you are fulfilled and aren't making money, then what good is that? The impact that you'll have on others as you grow financially will increase and your happiness and well being, which will radiate and attract positive energy and people to bring you more success.
Tuesday, July 6, 2010
On my own
So I decided a few months ago to start blogging about my goal to becoming financially free, hence, the title of my blog! What inspired me to do this was
a) I needed a way to help record my progress.
b) I felt a need to inspire other women that becoming an entrepreneur through real estate, or any other means, is within reach.
c) It's an additional means for me to become, well.... financially free!
This will not be a journal of my personal life, but my journey to success. How you define success is obviously up to you. For me, success is a number of things, 3 of which stand out in my mind:
a) My ability to deliver 100% in all areas of my life, work, family and health
b) Knowing that what I do for a living, not just my career in real estate, helps the people around me live a happier life.
c) Being able to build enough cash flow to spend my time however I like, whether it be traveling or moving to another country, volunteering or spending time with family
OK. I promise not to speak in bullets, but it makes it easier for me to organize my thoughts clearly!
My first few blog posts will be ones that I posted on my personal blog. But before I do that, I need to share with you a deal that I will be closing on TOMORROW!
Purchase price: $50k
Rehab: $30k
Sales price: $125k
Money out of pocket: 0 (we raised private money through friends and are financing our rehab with self-directed IRA money.. ask me how!)
Our original plan was to wholesale this property for $13k, but it sits on 3 lots, so we are shooting to rehab the property that sits on 2 lots and subdivide the 3rd lot and just hold it.
Oh and when I say "we or our," I mean my husband Francisco! I am very blessed to have him, even though he may not think I feel that way sometimes. It would be much more challenging if I didn't have him working at his job day in and day out, but yes- our goal is to get him out! It has been 3 years since I left my 9-5 job. It has been a huge challenge, but our business has grown every year since. We are looking forward to the day that he can "hand in the towel" at that awful place!
Until next time...
a) I needed a way to help record my progress.
b) I felt a need to inspire other women that becoming an entrepreneur through real estate, or any other means, is within reach.
c) It's an additional means for me to become, well.... financially free!
This will not be a journal of my personal life, but my journey to success. How you define success is obviously up to you. For me, success is a number of things, 3 of which stand out in my mind:
a) My ability to deliver 100% in all areas of my life, work, family and health
b) Knowing that what I do for a living, not just my career in real estate, helps the people around me live a happier life.
c) Being able to build enough cash flow to spend my time however I like, whether it be traveling or moving to another country, volunteering or spending time with family
OK. I promise not to speak in bullets, but it makes it easier for me to organize my thoughts clearly!
My first few blog posts will be ones that I posted on my personal blog. But before I do that, I need to share with you a deal that I will be closing on TOMORROW!
Purchase price: $50k
Rehab: $30k
Sales price: $125k
Money out of pocket: 0 (we raised private money through friends and are financing our rehab with self-directed IRA money.. ask me how!)
Our original plan was to wholesale this property for $13k, but it sits on 3 lots, so we are shooting to rehab the property that sits on 2 lots and subdivide the 3rd lot and just hold it.
Oh and when I say "we or our," I mean my husband Francisco! I am very blessed to have him, even though he may not think I feel that way sometimes. It would be much more challenging if I didn't have him working at his job day in and day out, but yes- our goal is to get him out! It has been 3 years since I left my 9-5 job. It has been a huge challenge, but our business has grown every year since. We are looking forward to the day that he can "hand in the towel" at that awful place!
Until next time...
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