Remember – WREIA will be on Feb. 24th this month.
One Hundred or more real estate investors gather each month to trade properties, network, and learn about todays tactics for successful real estate investing in the DC area.
Join us Live on Monday, Feb. 24th for our next Washington REIA meeting.
WREIA will meet 10 times this year at the Womans Club Of Bethesda. Come join us – and don’t forget to bring your wholesale properties to share with our group.
Deals get done every month at WREIA Network.
Next WREIA Meeting Schedule Update
Mon. January 27th – Doors Open @ 6:30PM
Topic: “2014 – It’s All About You”
Last year, our theme for the year was LOCAL. We tried to introduce you to the best local professionals who could help you locally grow your business. Many of you are now working with the people we introduced you to and those professionals are helping you on a daily or weekly basis.
This year, our theme is “YOU”. We are going to spend the year focused on you and your needs and helping you meet and exceed your personal goals and expectations for the year.
I hope you are as excited about 2014 as I am.
Have you laid out your game plan for the year?
Better yet – Have you written your goals down, and have you placed them where you will see them on a daily basis? We say it every year, but this simple act is -BY FAR- the biggest key to making it happen in 2014 and reaching your goals.
I hope you have them written – because that simple act of writing your goals and keeping them front and center every day will put you ahead of nearly all other people who only “want” to do better this year.
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Remember…
We let you know at our November WREIA meeting that our WREIA schedule will have a few adjustments the first few months of the year in 2014.
We will have WREIA this month on January 27th.
You can meet us all at the same place at the Womans Club of Bethesda, and we will start at the same time, opening the doors at 6:30 for light refreshments.
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I hope you have plans to be with us on January 27th for our annual WREIA kickoff meeting.
Here is what we will covering at our January meeting:
First and most importantly – Our theme for 2014 is YOU. We want to turn WREIA inside out and help you accomplish what YOU want to do in 2014. If we can help, we will.
Remember the special project we announced in the fall? We finally launched it on December 28th. It surpassed our expectations in less than 3 days! Come here exactly what we launched (and all the hurdles we jumped to make it happen) and how as a WREIA member you can participate in the project – for free – for the next 12 months.
Because of the initial success of the first project, we are already entering stage 2, which is a LOT more fun and we are looking for a few creative people who want to help us with that project as well. Just come play with us a bit and give a little feedback along the way. (You won’t even have to leave your home.)
We are looking for a very limited number of U.S. based real estate professionals to interview for upcoming profile projects. These people will get national (possibly international) exposure to their line of work. (Don’t worry, there is no charge, it’s all part of profiling our membership and their network.) We want people who have been in the business for a period of time, and already have had some positive exposure to the press and media. If you have a relative or friend you would like to recommend, let us know.
Come on out on January 27th and hear about all the projects we have going on, and ask as many questions as you like…. this is after all, all about YOU. 2014 at WREIA is going to be a group meeting like you simply can not and will not get anywhere else in the DC area.
and how about….
Making money in real estate? …. You betcha! Every month, we are always going to be focused on helping WREIA members break through to make 2014 their year.
“2014 – It’s All About YOU”
WREIA Jan. 27th – Register Here
Join us at WREIA Monday night Jan. 27th, and let me know if there is anything I can do to help you and your business.
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
P.S. The answer is YES, in 2014 we are still doing partner deals with our students and WREIA members. You may need some help with financing or need a valuable construction partner with years of experience. Or do you need us to help speed up the process for you, and help drive your business to the next level? We are here to help. Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/ and we will get back to you ASAP.
Researchers have found that houses with “street trees” or trees planted between the sidewalk and the street sold for $7,130 more, on average, than homes without street trees.
Can trees really add over 7k to the average price? The answer is yes. Not only does it add more value to the home, but trees also help your home sell faster by an average of 1.7 days.
You can get a few more details on the research at http://realestate.msn.com/blogs/post–how-trees-can-boost-a-homes-sale-price
Don’t forget, I will be talking about the “One Thing” that everyone should be doing to increase their business. Especially over the last 6 months, I have become convinced that this “One Thing” is the key to my business success over the last couple of decades.
“Flipping Houses in 2014 For A Six Figure Income”
Guest Speakers @ WREIA Oct. 21st – Register Here
Join us at WREIA tonight, and let me know if there is anything I can do to help you and your business.
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
P.S. The answer is YES, we are still doing partner deals with our students and WREIA members. You may need some help with financing or need a valuable construction partner with years of experience. Or do you need us to help speed up the process for you, and help drive your business to the next level? We are here to help. Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/ and we will get back to you ASAP.
Researchers have found that houses with “street trees” or trees planted between the sidewalk and the street sold for sold for $7,130 more, on average, than homes without street trees.
Can trees really add over 7k to the average price? The answer is yes. Not only does it add more value to the home, but trees also help your home sell faster by an average of 1.7 days.
You can get a few more details on the research at http://realestate.msn.com/blogs/post–how-trees-can-boost-a-homes-sale-price
Don’t forget, I will be talking about the “One Thing” that everyone should be doing to increase their business. Especially over the last 6 months, I have become convinced that this “One Thing” is the key to my business success over the last couple of decades.
“Flipping Houses in 2014 For A Six Figure Income”
Guest Speakers @ WREIA Oct. 21st – Register Here
Join us at WREIA tonight, and let me know if there is anything I can do to help you and your business.
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
P.S. The answer is YES, we are still doing partner deals with our students and WREIA members. You may need some help with financing or need a valuable construction partner with years of experience. Or do you need us to help speed up the process for you, and help drive your business to the next level. We are here to help. Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/ and we will get back to you ASAP.
I get this question a LOT, especially from people who are getting started or trying to take their business to the next level…..
“What is the one thing you would do?”
I have thought about that a lot, and especially over these last 6 months I am convinced that this has been the key to my business success over the last couple of decades.
This “One Thing” is something you should be focusing on. Whether your business is just getting started, or has been operating for 5 years or more.
This “One Thing” is something most people do not focus on.
This “One Thing” is simple and can be done without a huge budget. In fact, it’s free to most people.
This “One Thing” is proof that you are in business.
I will be talking about this one thing at WREIA on Monday night.
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
P.S. The answer is YES, we are still doing partner deals with our students and WREIA members. You may need some help with financing or need a valuable construction partner with years of experience. Or do you need us to help speed up the process for you, and help drive your business to the next level. We are here to help. Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/ and we will get back to you ASAP.
According to RealtyTrac “Real estate investors made an average gross profit of $54,927 on single-family home flips in the third quarter, up 12% compared to an average gross return of $48,893 last year.”
Across the country, 32,993 single family homes were flipped in the third quarter of this year. That is impressive and certainly shows that investors are out in force across the country. But when you look a little closer – you realize that this house flipping business is starting to cool off.
The reason the average gross profit went up is because the number of homes flipped at the high end of the market took off, and 75% of the high end business was in just 5 metro areas – NYC and 4 CA markets.
For you number crunchers, the full article is posted here at www.housingwire.com/articles/27479-home-flippers-back-away-as-real-estate-turnover-activity-declines
Let’s not get discouraged. Not one bit. It’s great to set a goal post, and making over 50k flipping a house can be done right here in the DC area. And you certainly don’t have to flip a high end home to do it.
Despite the struggle and dysfunction we have seen over the last few weeks from our elected leaders, DC is still a highly desirable place to live. Our metro area is drawing people from all over the country, and to an extent from all over the world. It’s not sunny southern California, but DC offers something that California doesn’t have….
Power.
Monday night we are going to talking about what draws people to DC and how you can make a six figure income flipping homes in the DC area. Using the numbers above, an average investor can flip just two homes a year, and accomplish that 6 figure goal.
Do you think you could find, fix and sell two houses next year? I know you could! And there are a few things that you could do that would make the process a little easier and faster and reduce the risk of flipping properties in DC.
Let’s talk about those helpful items on Monday night. I hope I see you there.
“Flipping Houses in 2014 For A Six Figure Income”
Guest Speakers @ WREIA Oct. 21st – Register Here
Lastly, I hope you read the entire article we linked to above. In case you don’t get to it let me point out the last paragraph in the article. It may remind you of our rental program and our quest to purchase 100 homes – not to flip quickly, but to rent.
“As rent and home prices escalate and the number of available REOs continue to decline there are fewer people who are buying homes to flip. House flippers are kind of a misnomer as they’ve turned into what I like to call ‘holders’,” said Sheldon Detrick, CEO of Prudential Detrick/Alliance Realty. “Being a house flipper meant buy it, paint it, sell it. Now it’s turned into buy it, paint it, rent it, and hold it.”
Don’t get discouraged if your offers are rejected on a home you are trying to flip. You have a lead there, and you may be able to generate some cash from us using what one of our wholesalers called his “dead leads list”.
If you have a home that, because of the numbers, may not be a great home for you to flip but may make a great rental, let us know about it. Remember, you don’t have to make 50k all at once. The margins are lower all the way around on our rentals, but when we buy a few of your rental leads it will help you pay some bills.
Be creative and focus on 2014 being a great year for your business.
Join us at WREIA on Monday night, and let me know if there is anything I can do to help you.
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
P.S. The answer is YES, we are still doing partner deals with our students and WREIA members. You may need some help with financing or need a valuable construction partner with years of experience. Or do you need us to help speed up the process for you, and help drive your business to the next level. We are here to help. Just send us a few quick details at http://dchardmoneylender.com/quick-property-submit/ and we will get back to you ASAP.
Let’s imagine the average single family homes in your city rents for three to four thousand dollars a month.
So why would you pay $30 Million for 4 of your neighbors houses?
Because you have a $19 Billion dollar net worth, you have one of the highest profiles of any technology entrepreneur and you certainly do not want a publicity seeking developer to come in and buy your neighbors houses.
According to an article in the San Jose Mercury News, Mark Zuckerberg, Facebook CEO, has bought four of his neighbors homes and is now leasing them back to the previous owners. From an investors point of view, his purchase was terrible. But he didn’t by these homes for an investment – according to the article, he bought them in order to retain some level of privacy.
You can read the article at http://www.mercurynews.com/business/ci_24285169/zuckerberg-buys-four-houses-near-his-palo-alto
You certainly don’t pay this type of a price when you are looking for a good ROI. But that is what makes our business so interesting. Remember, not every decision people make is because they are looking for a good ROI.
We as investors forget that when people are buying their own home, it can be very emotional. Mr. Zuckerberg has extended that to the homes nearby as well.
Each month in 2013 I have been reminded of why I enjoy this business. You can meet a wide variety of people and I am always surprised at the reasons people get excited when buying one of our homes. Sometimes it is because of a big back yard. Other times it can be the size of the home, or where it is located. I still enjoy selling a home to the first time home buyer who is thrilled to have a place that they can call “their own”.
If you are out there trying to find your next home to fix and flip, remember that you need something that your buyers will appreciate. Know your audience and who you will be selling the home to. Know the amenities that they want and will appreciate. Not all of us will be lucky and have a billionaire move in next door and pay too much for our home. All of us can put in some hard work, make repairs to a property, then market and sell a property for a profit.
Don’t plan on getting lucky. Make your plan to know your market, stick to your numbers, and do great work.
Let me know if there is anything I can do to help your business,
John Peterson
301-881-5541
Washington REIA Network, President
P.S. I hope I see you at WREIA on Oct. 21st, this coming Monday night. We will be talking about “Flipping Houses in 2014 For A Six Figure Income”
Get your tickets for the next WREIA Meeting on Oct. 21st.
Flipping Houses For A Six Figure Income – In the DC Area!
Click over to http://wreia-oct2013-wreia.eventbrite.com for more details.
If you attended our WREIA meeting on Thursday night, you know we had a great turnout and covered some terrific material.
Here are a few of the clips we missed due to the time constraints:
Selling Your House with the Help Of Hollywood
And as an example of one of those Hollywood Style Video Listings imported from Australia
And the last demo video shows how one company is using the Ipad for listings. This video is a year old, and already somewhat dated.
These are just a few of the examples we missed at WREIA on Monday night. Remember, set your goals on what you want to achieve in your business, and move forward using up to date and current materials to build your business.
Remember our article from a few weeks ago? McDonalds spends billions of dollars to update their stores. You should be investing in your business to give it a facelift every few years as well.
Let me know if there is anything I can do to help your business,
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder
This news reported by the Wall Street Journal could bring short-term benefits to the high-end market here in the DC Metro area.
As banks compete for affluent borrowers, an odd trend has emerged in the mortgage market: rates on loans for pricey homes — “jumbo” mortgages — have dropped below those for smaller mortgages. Nick Timiraos explains on the News Hub.