Tag Archives: script

Where Were You?

I remember as a young child when my grandparents would talk about fateful days in history that forever changed the lives of millions of people and the fabric of America. I always wondered if something like that would happen in my life time.

On September 11, 2001, it did…

Like every American, young and old, I can remember that day, and the days and weeks that followed as if it were only yesterday. I received a phone call from a friend of mine as the first tower was hit.

I did not answer the phone. Minutes later, I received a call from another friend. This time I DID answer the phone. She had a strange tone to her voice as she asked if I was watching TV and instructed me to turn it on IMMEDIATELY. I turned it on and stood in front of it for what seemed like hours.

I didn’t understand what was happening. I just watched in disbelief.

And then I kept watching for hours… and then days…

I didn’t leave my tiny one-bedroom apartment for days, weeks in fact, except to walk across the courtyard to my friend’s apartment where we did much of the same. We tried to process. We cried for those that lost our lives. We reached out to friends and family to make sure everyone was okay. We watched as people were on the news desperately hoping to find their loved ones.

We watched as the President declared war on the Taliban and Osama Bin Laden. And all the while, there was something that was lost. But at the same time, something gained.

America came together. There was no black or white, democrat or republican, Catholic or Jew… We were Americans first and united; committed to standing by each other and showing the world that we had not been stripped of our resolve and of our courage as a people. It was both a sad time and a proud time to see the good in people.

After about 2 weeks of sadness, confusion, and lots of other emotions, I threw out the newspaper and turned off the TV and said to myself, “This is what they want! It’s time to get up and fight back. Not with guns or force, but with resolve.” My resolve was to finally take full advantage of the American Dream! And it was in that moment that I vowed that I was going to start – and succeed with – my own business.

While the past ten years have surely had their ups and downs in so many ways: economically, socially, politically, to name a few, hopefully the reminder of this tragedy stops people in their tracks and transports us back to a time when we appreciated what this country stood for, when we stood by our neighbors, and we were proud.

Take a moment today to reflect on that day in history and remember where you were, what you were doing, and how it changed your life. If you care to share them, please do.

If not… reflect in silence.

Here’s are a few videos that I watched this morning. NOTE: Any “political” comments will be removed. This is not a post to create a conversation about politics, politicians, conspiracy theories, or anything of that nature. It is a day to remember and reflect.

Where Were You When the World Stopped Turning?

(Remember where you were, who you were with, and the impact it made at that moment)

Have You Forgotten?

(A reminder to never forget the people that lost their lives and the families they’ve left behind)

The American Soldier

(Regardless of your feelings about the war, political parties or world politics, let us give honor to the men and women that have sacrificed so much for our freedom and the ability to live the American Dream)

The President’s Speech (9/11/2001)

(This is a transcript of the President’s speech. This is NOT to raise a political debate here and any comments regarding politics will be removed. It is a tribute and a piece of history from this day 10 years ago)

Happy Memorial Day…

A Tribute to the men and women that have served and sacrificed for each and every one of us…

I found this video on Youtube and spent a few moments in silence thinking about the men and women I’ve personally known – and the many millions that I have not known – that have fought on foreign lands for our freedoms. I also thought of the next generation getting ready to head overseas and my thoughts and prayers are with them…

Thank you for serving our country and preserving our freedoms… the very rights we have that allow us to build our businesses and live the American Dream. Continue reading

Finding Buyers for Real Estate Deals

REO investing is moving faster than a speeding bullet!

Over the last few years, many areas throughout the country were flooded with foreclosures that sat on the market for 1, 2, even 3 years; finally forcing the banks to complete the foreclosure process and take the properties back…hence making them REOs.

If you haven’t yet added REOs to your investing business, you are really missing out on a huge goldmine that is just starting to gain momentum.

In order to be successful, however, it’s critical to begin finding buyers for a successful REO business.

Here are 5 fast ways you can find buyers to build your REO Buyer’s list. Continue reading

Indymac, One West Bank, and FDIC

You may have already seen this… but they’ve done an update which is PRETTY interesting!

Now, I don’t normally post YouTube videos and such, but this is one that I think we all need to pay attention to since it directly affects our business.

There’s more to this story and I’ve got quite a few “thoughts” on it myself (I actually went to Indymac Bank several years ago to discuss a loan. It had a prepayment penalty on it and we just thought we’d see if they could do anything BEFORE everything spun out of control). They literally refused to even speak to us. Sure, you can say that thy didn’t have to, the person had signed the note, and agreed to it.

That they did… but when everything hit the fan, they lost their house and wound up walking away. Had Indymac WORKED with them way before there was an issue, the homeowner would still have the house and the bank wouldn’t have had another bad debt.

But then again… maybe they had different motives 😉

I’d love to know what you think about this and your thoughts… This is a GREAT discussion point and also can open a lot of doors for you to talk with homeowners and experts on the topic.

The Amazing Race: Real Estate Edition!

I know that rule #1 in real estate is not to get attached to a piece of property! However, when it’s your own home, the rules change! And that’s what happened to me.

I bought my home in Coral Gables back in 2003 and absolutely fell in love with it. It was an old spanish home with unique architectural elements and it was absolutely perfect for me. In fact, it even had a converted carport that I used for my office so that my work didn’t creep into my entire living space (as it has in my new home!)

In 2005, I bought another house… This time, in West Palm Beach a block from the water. The house itself was not my dream house, but I loved the location. I could even put my own sailboat in the water at the end of the street (which I never got around to). I decided to move to West Palm Beach because I was doing more real estate in the area and didn’t want to keep both houses as active residences. I did go back and forth for the first 18 months and just didn’t want to do it anymore. So, I rented it for just about a year and a half. Continue reading

Landlording: What Would You Do?

For more tips and tricks like those mentioned on this blog, register for your trial subscription of the Real Estate Rant: http://www.RealEstateRant.net. Each month, you’ll receive tips, tricks, tactics and real world challenges (and how to overcome them) that investors face each and every day!

The following article comes from a situation that recently occurred with one of our own tenants. How would you have handled it? And really think about it as if you were in our shoes because it’s easy to say “Evict ’em” when you’re on the outside looking in, but put yourself in our shoes and think about how you’d handle it and how you could prevent the situation from recurring in the future!

Here’s the Scenario:

08/01/2007 – Rent is due

08/06/2007 – Rent is officially late. When you finally reach the tenant, you get the sob story: “I had surgery. My mom went to the hospital. My dad panicked. My son’s trying to get me the money and I’m out of work. I promise to have the rent to you by Wednesday… Thursday at the latest”

08/09/2007 –

Guess what? No rent check. The tenant’s willing to drive it up, but the funds aren’t in the bank anyways! Tenant promises AGAIN to call you right after ‘therapy’ tomorrow morning and get it straightened out. VERY, VERY SORRY! Continue reading

Housing Bubble: Fact or Fiction?

The housing bubble has been inflated because of the media… PERIOD!

Think about it. People watch the nightly news or pick up a copy of their local newspaper and it’s “doom and gloom” everywhere you turn!

But do you remember back a few years ago when it was “the hottest real estate market” in history? The truth of the matter is that the “housing bubble” that everyone was panicking over is more hype than it ever was reality!

If you actually take just a few moments to do a little research and come to your own conclusions, you’ll see that the media is defining our market not necessarily the facts.

Sure… no one would disagree that the housing market has slowed across much of the country and that some areas are harder hit than others. Of course, if you’re in one of the areas that was hardest hit, you still may very well be feeling the pinch. Continue reading

Hard Money Loans: How to Get the Best Rates

Whether you’re a seasoned real estate investor or brand new to investing, you will – at some point in your career – need to turn to hard money!

Many people turned away from hard money except on the REALLY UGLY properties for much of the early 2000s or if they had pretty beat up credit. This was because conventional lenders were giving money away for all intents and purposes! Virtually anyone ““ first time home buyer to seasoned investor ““ could get 100% financing on their properties and it didn’t seem to matter how many properties one had!

Well”… welcome to the new market: The “conventional” lenders (like Chase, Indymac, Countrywide, etc.) have tightened their reins, and for good reason!

Before we go into how to get hard money, let’s talk about some of the pros and cons of hard money versus conventional financing! Continue reading

Getting Started in Real Estate: Finding Focus

 Before we get into the nuts and bolts of your real estate investing business, it’s important to start with some basic goal setting! Yes, I know that it’s no fun but it will help with your mindset and will get you focused on the right track.

Let me guess, you’ve read a book, bought a home study course (or 2, or 3 or even more!), or just got back from a 3 day “bootcamp”. Your mind is spinning with ideas and you want to do everything and you want to do it right away. I can relate. I left my first training years ago and wanted to:

I got home and tried to do all of these things all at once. I sent letters to people in foreclosure. I bought a subscription to a data service to market to private mortgage holders. I drove through neighborhoods looking for abandoned homes. I worked morning, noon and night and ran from house to house chasing anything and everything. I desperately wanted this to work and I desperately needed a real estate deal ASAP! Continue reading