Steve's Blog

Plan to Attend: REI 2009: What's Working Now?

Wednesday, May 20, 2009

We are pleased to announce that, next month, Shaun McCloskey and I will be hosting an exclusive, live-training event TWICE in TWO cities with BOTH experts!

This is an event you don't want to miss!  For all the details, click here!  These events normally sell out quickly, so don't waste any time.  Reserve your seat NOW and be sure to check out all the bonuses too!!

We look forward to seeing you there!

Blessed Investing, Steve Cook www.flippinghomes.com How beautiful would this world be if we all lived and loved like Jesus?

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Discovering Hidde Profits- The Art of Deal Structuring

Wednesday, May 13, 2009

I'm happy to announce I'm doing a one-time, live training
event tomorrow night, and I'm inviting you to join me...

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  "Discovering Hidden Profits:
  The Art of Creative Deal Structuring"

  Thur 5/14 (8pm EST, 5pm PST)

  COST: $0

  Details: http://reitips.com/special/deal-structuring/
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I'm doing this call with JP of REI Tips, whom I'm sure many
of you remember.  I'll be teaching some of my best stuff
about how to be a true dealmaker, right now in today's real
estate market.  I'll be sharing things most people have no
clue about.

So please join sus if you can. I really think you'll get a
lot out of it.

http://reitips.com/special/deal-structuring/

Blessings,

Steve

Blessed Investing, Steve Cook www.flippinghomes.com How beautiful would this world be if we all lived and loved like Jesus?

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Deal Tracker

Wednesday, April 29, 2009

For years I've had investors asking me about what the best software package is for tracking deals and managing offers and such.  I have NEVER recommended one in the past and for the most part I've been against them.

First, let me say that for me personally, I'm still against it.  I'm not a tech person and I really don't want to keep up with all of the deals that I don't get, or think about a deal one minute more then I have to.  But I'm not the typical investor.  There are many successful investors out there who are successful because they are very organized.  They have spreadsheets tracking their every move, software for marketing and mailings, tracking rehab expenses, etc...  So as much as I don't like it for myself personally, I know that for some it is necessary.

Secondly, I've been approached by many over the years who have wanted meto market their package to my following.  I've earnestly looked into some, and others I've just brushed aside.  Most were definitely priced too high.  Investors would be working just to pay for the package not keeping anything that they make.  While I think simple is good, some seemed too simplistic to be worth paying for.  Others were complicated and over the top.

I have recently been approached by someone with a product that I am willing to recommend.  First, the price is right.  It's a very affordable product.  Second, it appears that this product addresses all of the features that many of you have asked me to address over the years- it seems to be a complete package.

Finally, remembering that using such a product is not something that I will personally do, I've been through the demos and this product seems to be user friendly, and has the bells and whistles that are important to many of you. 

So this product gets a nod in the right direction, and it only costs you $1 to try it out for 30 days.  If it works for you great!  If not, it's not something that you have to hold on to.

You can click here for the free video.

Blessings,

Steve

 

Blessed Investing, Steve Cook www.flippinghomes.com How beautiful would this world be if we all lived and loved like Jesus?

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First Wisconsin Deals

Thursday, April 23, 2009

Hello all,

I've been trying to take it easy here in Wisconsin and not go on a buying spree with properties.  I wrapped up my first two properties yesterday.

One of them is a lot where I'll build my personal residence.  We got a good deal on the property- well below any of the recent comps, but I wouldn't call it a grand slam.  That's OK, it's for our personal residence and we got everything we wanted out of it.

Second is a commercial property that I intend to hold as a rental.  Property was listed and seller was EXTREMELY motivated to sell.  It is a retail store front with over 3000 square feet of retail space.  The property is in good condition, needing very little work and is in a downtown ares that has been part of a revitalization with all new sidewalks, parking, street lights and street scapes.  This building has been outfitted with a new facade and with little work will be ready to rent. 

I'm embarassed to say how low I got the seller down to.  Let's just say that in MD I paid more in a year for rent for a similar space then what I bought the building for.  So my goal was to start acquiring commercial rental properties, I got my first one under my belt.

I've been in Wisconsin for less then 60 days and haven't been very agressive.

Blessings,

Steve

PS-  Don't miss the special on the Wealth Explosion Event recordings.  They're going to come down shortly.  The bonuses are great.

Blessed Investing, Steve Cook www.flippinghomes.com How beautiful would this world be if we all lived and loved like Jesus?

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Cramdown- it's happening

Thursday, January 08, 2009

One of the worst things that could possibly happen is this proposed cramdown of mortgages.  It completely undermines the value of a mortgage, and I'd expect many lenders to be much more hesitant about give loans when a judge can simply alter the loan.

I don't have all of the details, but here's a link to an article in which CitiBank is agreeing to work with the idea.  I wonder whose been twising their arm and who has been paid off to agree to such a ridiculous thing.

http://www.npr.org/templates/story/story.php?storyId=99132334&ft=1&f=1006

I guess it's time for me to stop lending money on houses.  What was a secure investment is no longer as secure as it once was.

Blessed Investing, Steve Cook www.flippinghomes.com How beautiful would this world be if we all lived and loved like Jesus?

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