Michigan Real Estate Foreclosures

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This is Bob, signing off for now !

Wow, its been a little bit since our last article but we are ready to let loose a bunch of new stuff … Over the next couple of articles we will be introducing team members who will be writing different articles / sections.  So we believe as an investor or another real estate investor, you will get true value from our new and improved blog.  So, start checking daily … here it comes …

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Listen to this Special Audio Report from Bob Hoyer, “The New Real Estate Investor”, Part 2.

 

 The New Real Estate Investor - Part 2 [15:08m]: Play Now | Play in Popup | Download (33)

Listen to this special audio report from Bob Hoyer entitled, “The New Real Estate Investor”
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 Exclusive Interview with Bob & Bonnie Hoyer - Pt1 of 2 [12:05m]: Play Now | Play in Popup | Download (36)

This has been a fall to either remember or forget.

We have had challenges with parents going in for routine operations and end up for long stays … then the surprise visits that last for few weeks…

We all were happy to see X-Mas health … all good shape … all looking forward into the New Year.

X-mas eve service, X-mas eve party, X-mas Day feast with prime rib and trimmings then the rest period and on to New Year Eve…

The family put on a party for mom & dad since it was their anniversary of 55 years. Being the baby of the family had to put on all the work … go figure. However, it was a blast…

The new year started with several exciting moments as to buying several Port Huron Foreclosures … those pesky guys are not pesky … and raising a hole bunch of money for the expansion start of several houses in January … a couple ahead of the goals but that is great.

And last night, I was investigating the noises on the farm and found that one of our goats was laying in the hay sideways and since she was pregnant … I figured bonnie and I was going to be up for a while … about an hour later, we have a new addition on the farm … Tillie gave birth to a beautiful black with white highlights cria.

This morning checking on mom aka Tillie and it looks like the second one is coming soon … so off to the barn for the next arrival.

This is bob, signing off for now!

It’s been a couple of weeks since the last article and its not because we haven’t been chasing those Bank Owed Foreclosures in Port Huron Michigan area. Nope. It’s been all about family.

My dad this summer had his 2nd knee surgery and it went kinda ok. The knee was fine but all the stuff after words. We had several things go wrong that was corrected with medicine and time. Today he is doing great but there was a moment you wondered.

Well Dad was going into his knee docters for threapy and mom was with him when she decided to faint. Yep, cold out flat on the ground. Dad ran into the docters office for help. They returned 30 seconds later and she was waking up. Oh boy.

It starts for me on last Friday when the new pesky Foreclosures were released. We print the list of foreclosed properties for Port Huron area & st. clair count. We do some homework on the new ones, we check to see if the Assest Management Property Managers are getting a clue and reducing the prices. Once done, I have a list to look at.

Its Saturday, this week, we ran out to look over those selected properties. Some we like, while others, we hate. Even with floor plan changes, you will fine some houses have just reached its life span and its now functionally obsolences. It must go and that is a whole new story but later. Once we have a good list with approximately the repair cost, set up with our contractors for Monday.

Well its Monday, and off the races we go to look at half a dozen or more of thos Bank Owned Forclosures. We start in Port Huron, and work away around the County going through each property. Once done, I take the final figures from our contracts and put them with my other numbers and we are good to make offers.

That night we are emailing and calling investors with the deals of the findings and creating electronic purchasing agreements that we are mailing to the investors along with our contract with them. They sign and fax back to us.

Tueday, its show time, our in house broker, aka Bonnie, is off and running with cover letters describing the condition of the house, type of work that has to go into the house and the signed Purchase Agreement. She makes a call to the agent and shares with them that the fax in on their machine. Usually, she walks them through the PA …

This is the funny part, some Brokers and Agents agree with our offers and others are in shock. Those that are in shock about the price we just submitted is thinking we are still in a SELLERs market and its appreciating.

Then comes the Assest Management Companies. They think since we are outside of Detroit, they can push the prices up. Here is an example, Agency A has this Foreclosure, prices keep dropping, no offers since it needed work and the price was crazy high. Talked to Agency A and they agreed. Guess what, AMC was not happy with Agency A so they moved the contract to Agency B. Here where it gets funny, Agency B put the price back to the highest offering or where Agency A started. After 6 months of reducing the price where they were within 20k of what the property should have been started to be offered they moved it back up 45k above. Now that is funny.

So, offers are submitted and the game begins … we fine out usually within a day or on some … they reject immediately which I find interesting since the Broker tells Bonnie that they should take the offer. Some of the other offers come back with counters that are good and some are a joke taking 3k off the price. Get real!

So buy the weekend we usually have one and that is going to the investor to close. How exciting. But the fun does not stop, we start over again with new ones and don’t forget the rejected ones. They get put into a cycle when to get bid on again and at what price.

So the chase continues for those pesky foreclosures found in and around Port Huron Michigan, St. Clair County.

This Bob, signing off for now!

Its a moist Monday morning … a little bit cold and damp out there today. I am even waiting for the temperature to rise a bit more before I open up the farm. I can hear the roosters starting to crow.

The Tigers won on Sunday with a good 8-2/3 innings before they almost loosing it. But they won and back to St. Louis for game 3-4 & 5. On the other side of the coin, Lions. Better luck next time.

So why was Sunday so good, and Monday is even better despite the temperatures. We sold another house. Really cool to do that. So how did we do that … there are many systems for sale out there on how to sell lightening fast but those are based on Rent to Own in most cases.

No special technique that draws people in by the thousands other than rent to own sales method. I understand that staging a house is a good idea and we do for our houses which I know own a warehouse of furniture that I move around … I also understand of having that special number on your signs that goes directly to the agent or person who is handling your houses selling process.

There is even that local number that is in all your adds which directs people through your house listings and if they are interested to call the agent or press 1 for speaking with the office and behind the scenes its call forwarding to a battery of phone numbers or even finds you method.

There are the actual system in place to move active phone calls or internet folks around to talk with you. And the internet site up and running to show the inside of the house off with its beauty and exterior of its glamour with all those landscaping.

So all those mechanical methods are needed to draw people to your website, local number to listen to what is available but that only works if you do a good job on reconstruction and finish. If they work well, it will reduce the false positives and just give you the positive clients.

But here is the closing touches why our houses sell fast … yes quality, yes no brass, yes we spend more on finish and function then other investors, yes we advertise in local papers, yes we have a website, yes we have local phone numbers to audio advertisement system about our houses for sale finally the secrete is the agent who is selling.

Yep, all the mechanics will do you right but its the human touch when that client shows up. In each house, there is story to tell about the house, there is flow you need to take the folks, there are items to emphasize, and bottom line, real people sharing an experience with real people about the house. That in my oppinion is the final touchs to closing the sale.

So I guess, letting people into a home by giving them a lock box code might work because they can look around and touch and feel things but no human interaction takes place with the buyer. For some this method might work but we found its the personal touch that sells the house. Its an emotional purchase … emotions comes from humans …

Having fun experimenting on your methods that work for you in your area.

This is Bob, signing off for now!

Bob has invented his own way to look at house for sale (FSBO, Foreclosures, Pre-Foreclosures, MLS) by reviewing most or all the listings on Friday and runs around on Saturday or Sunday then we make offers on Monday & Tuesday. This is just the start.

Here come the offers that get accepted and into the mix goes those projects for him and his contractors. They start the project management process flow usually midweek and line up all the materials to be ordered or colors etc. So when the investor closes the deal with Bob, the contracts having dumpsters dropped, the demo crew is going in and so so.

During that there he is bugging me for that list on Friday so he can do it all over again and fills that pipeline of offers while he fills that pipeline of projects. And at the end is work for me and the sales team. And off we going selling retail or selling with some form of owner finances.

So the wave starts and the flow continues … its been a great ride if you like being on the seas. The ebb and flow of tides is part of this game. So enjoy.

Bonnie.

You have a network of folks -who are watching for opportunities for you and you have your team. Your team is different than your network but yet they are part of the network. What makes them different are the activities they perform for you.

An example of a team member is your Mortgage Broker. This person or persons is extremely important for you to refinance out your cash or checking on your candidates for rent to own and then those who want to cash you out with a refinance or cash to new mortgage. Having a mortgage broker who is knowledgeable about their industry and aggressive on getting people properly qualified. The other feature I want from a mortgage broker is one who is willing to work with the folks to get their credit cleaned up. We have found a couple with these qualifications and we continue to work with them and them with us.

Just to say, folks who are in foreclosure and cannot get refinanced might end up on your door step. When these come along, take the opportunity and work the best deal for them and you. Remember, Win – Win.

This is Bob, Signing off for now!

For years Bob has built businesses where some were done on weekends while others were built night after night. Sometimes this left a bad taste in my mouth since we are trying to have a life and family. He would work 24-36 hours sometimes without sleep to make a better life for us. I always wondered if they would matter in the next 2 to 5 years. You could tell he was working hard building a business and working for someone else to improve our lifestyle. Occassionally, we would have that louder than normal conversation but never did we stay mad longer than that evening.

Something my parents taught me, never go to bed mad, its not worth it. Mom & Dad were married almost 30 years when Mom died from cancer. In all the years they were married, there was only one or two times they had an arguement. Dad would never argued with Mom, he would just turn and walk away until she calmed down. Its funny, I’m a lot like my dad in thoughs respect where Bob grew up was in a similiar family. His parents are both alive and been married over 50 years.

Bob was trained to ask questions and he could have been an attorney since he can grab onto a topic and run it untilthere is no more room. Sometimes, he is referred to as a bull dog. He does not like to lose or give up. You should see him around people, loves them, encourages them and keeps them looking down the road for the best out come. But, he loves to argue also, the better the emotion, the more fun he has and we have had a couple good ones.

As you can imagine, we have the Farm, which he calls the Farm mine, even though he loves working the animals and the hardwork never bothers him. He was one that would not go to the gym since college to work out but would do something like build to call it a work out. He likes to see progress, and if it is not happening, he is studing the situation to make it happen.

The real estate office, he calls it mine also. At this point you might think what is he calling his or even cares. Well, he does. He loves to answer the phone or even make my calls when given a chance to set up the call then hand it over to me. Little things is his speciality for helping. The one business he will take charge on and hardly any one person can keep up with himis his real estate investing.

You want to see his eyes light up is when he is chasing those Pesky Foreclosures he writes about. Boy, does he get passionate about researching deals, going through the deal and making the offers. Once he gets the deal, its like a puzzle to piece it back together to bring joy to a couples eyes & heart. Its been fun to watch him walk a couple through a house he is selling explaining the features and functions of the home while asking them questions about themselves to understand if this house really the best fit. He really loves to lisen …

And I guess that is one of his greatest strenghts, he has learned over time to listen and be slow to react. Dinner time in our house is exciting, we talk, we eat, we talk, we talk then we eat. Its been a little while but he has learned by reading books, listening to tapes and occassionly, working a older man who he calls Dad or mentor.

To say, we are not active is a joke. To say, we are not balanced life is a joke. Bob takes time out of the day to make sure I’m doing good and everything is running smooth. Like today, in the middle of a meeting, he gets up and calls me to see how I’m doing. He said, well I called earlier and there was not answer so I thought you might be out. And I was, planting my tulips bulbs in his new landscaped garden for me. We chat for a few minutes and off he goes back to work.

He is usually busy during his day but he will take time to share his day with me and find out about mine day several times throughout the day. He will even call on his way home, in between business calls, will call to say hello and find out what is happening at that time in my day. He usually checks on me and the family to see if we need something on the way home for dinner.

Even this weekend, on Sunday, we went out on the St. Clair County Alpac tour, even though he did not feel the greatest, he went to couple with Annie (his sister) and I together before he returned home for a nap. Later he joined back up with us near the end to see the last couple. when I gotback to the house, the garbage was out, house picked up, and a few items ready for dinner. As well as he got a nap in.

So, to have a balanced life, remember to take time out for the both of you. if you like to knit, then do so, maybe in smaller time spands or in blocks of time. But, knit. Even if you are going to an event that your child is in, make sure that the two of you spend time together, even if its painting the Bank Owned foreclosure you guys just bought. Its important!

There was one time, we were renovating a big 2000 sq ft colonial in detroit, its late, niether of us had dinner, so Bob started a fire in the fire place and run up to KFC for chicken and came back with plates, cups, food and drink. So there we are having a fire side dinner for two relaxing and enjoying each other. Those moments are wonderful, they last for a life time. Remember to take time for yourselve and your family since this is a journey to enjoy and not a fire fight.

Enjoy, Bonnie.

Its Sunday and we are taking the St. Clair County Alpaca tour. I showed up at the last farm on the tour to met up with Bonnie & my sister Annie. Its looks like we are going to take the plung into the Alpaca ranching with our cows and sheep. Oh boy, more fur. As we were looking at the Huacaya Alpaca (fuzzy as I call them) up walked a friend from high school who we graduated together. Over to my leftwas two couples from our Radio Control Club (Marysville RC Eagles). Now you know, the world is small when all these folks can be at the same farm at the same time … go figure.

My friend from high school and I was talking about real estate and I told him about a farm property that I’m interested in buying. I’m looking to buy it for a friend who is rebuilding their credit. While they do that, we will be selling this home to them on a rent to own bases over the next 12-24 months. What was funny, my friend knew the owners and that they have 3 houses for sale and wanted to unload them asap. The husband was down south working while the wife and kids are up here to sell the properties.

My friend was going to assist me with the deal so his buddy could get some cash right now. After talking for a bit more, my high school friend will become an ant on the ground hunting for properties for us to buy while we say thank you back to them for his efforts. It also pays to attend local events to see if someone you know but have not talked to in a while can help you. The more on your team, the better you will become.

This is Bob, signing off for now!

I was out looking at Michigan Bank Owned foreclosures in the Port Huron Area with my General Contractor as we were costing out the renovations of several houses when I asked the question “Do you know a good mortgage broker?” His response was “Yes, she is very aggressive and high energy”. While we continued through many houses, I continued to ask questions and found that her office was on the way to the next foreclosed property.

So, I took the opportunity to go and met with this mortgage broker. After spending just a few minutes with her and exchanging stories and I felt I could add a winner to my team. A few minutes later, she agreed to join my team and off we went to look at the balanceof houses.

Later that day, we went to one of our homes for sale and added her sign to the property while we placed in the home her business cards and applications.

As we go, she will be working with us to get our potential clients qualified either as new mortgages or a status on when the rent to own buyer would be ready to refinance us out of the property. Either way, she will be an assist and potentially faster turn of properties.

This is Bob, signing off for now!

This week has been extremely busy for our real estate office, Brandy Creek Properties. Our office is considered to be a BUYER’S OFFICE. This means we represent the buyer in the sales transaction where most offices are seller representatives. So what does this mean to investors, we represent them in the offers and fight for the best deal for them regardless what the selling agency is saying or doing.

We also met with several potential investors for Bob’s business, Blue Water Houses. His businss is for the purpose of buying, rejuvenating and selling those foreclosed, FSBO, handyman specials, Tender Loving Care (TLC) properties. So, we spent quality time with each investor sharing personal and business information while developing personal relations.

I’ve been tracking properties for Blue Water Houses and their investors. Once the Michigan Bank Owned REO’s property price has fallen into the target zones, we contacted a number of investors and off I went showing them the opportunites. Those foreclosed properties ranged from Northern to Southern parts of St. Clair County.

Its been a great weekend so far. We had a number of successes with foreclosed properties and should be even better next week. A number of offers are getting accepted and more are following so Bob’s team of renovators will be adding to their inventory.

With that said, our marketing team is getting ready to prepare the campaigns for these new properties and selling some for cash to new mortgage while others will be rent to own (one property we are negoiating on is aready spoken for by new tenant buyers. we have it sold before the investor has even closed on it.). We’ve been able to give our buyers some opportunities.

In the meantime, a quick Farm update, Elises baby American White Rabbits are starting to jump out of the nesting box to get mothers milk. They are just cute … it appears she had a minimum of six.

More to come, Bonnie.

Even though I was out sick on this week … Saturday was a big day just like the Detroit Tigers beating the New York Yankees. Wow, its as good as winning the World Series in baseball or getting your first foreclosure. The “BEST” team in all of baseball lost today … the Yankees are the Cowboys in football.

Anyways, back to work, earlier in this week we followed up on a number of Pesky Foreclosures in Port Huron Area and found good deals. Saturday, we went out looked another great series of properties and found some sound investments.

It should be a great week with 5 new ones going into the rehab hopper and another 4 coming on its heals … when the getting is good, get getting. Those bank owned michigan foreclosures are out there to be bought. If you don’t know what to do, contact an experienced real estate investor and meet them.

Start working with them to see how the game is played. We work with several investors with a varity of experience. Loving each project with our Private Money Partners. So seek out experience and work with them. You like what they do, work with them.

Finding experience real estate investors is not easy but when you have a good team work with them. Got to go, my second favorite team in baseball is the new york mets and they are playing in Los Angeles tonight on tv. My dream world series would be the tigers and mets. Go guys, go!

This is bob, signing off for now! Good job Tigers!

As Bob would say, its been a good hunting weekend for those Michigan Pesky Foreclosures here in St. Clair County. We found ourselve on Saturday looking at nearly 30 houses that were Bank Owned. We recorded 100 miles travelling and never once more than 15 minutes from home. Go figure.

On Sunday, we had an open house from 1 - 3 pm. We have had a number of individuals come through the home and one in particular is ready to buy. How exciting it is to sell one of your creations or rejuvenation projects. This happened to be one of Bob’s best efforts.

After the open house, we continue our way to look at several other properties with great potential. We travelled around 100 miles again and found ourselves no more than 20 minutes from home. Among this batch, we will have a couple good potentials for our investors.Upon returning home, the ducks, geese, goats are all standing outside of their coup making noise at us as we drive into the yard. Here its dark and they won’t put themselves to bed until they get their nightly snack before bed. Its funny to see those animals just giving us the business as we walk up … only if we could understand what they are saying. Or maybe not.

Got to get some sleep, tomorrow is going to busy day submitting several offers and meeting with a couple of investors on other projects.

Bonnie.

Well what would you do on a cold wet day in Michigan. Set by the fire an watch TV or the Michigan game. Or would you bundle up, call your investors and go look at Bank Owed, Corporate Foreclosed and Vacant / Abandoned properties here in St Clair County, Michigan.

Yep, we are going out to chase those pesky foreclosures. Let you know what we found when we get back form the foreclosure tour in and around Port Huron & Marysville. Deals to be made today!

This is Bob, signing off for now!

Several folks have been writing talk about the farms that are available. Just the other day, we found 30+ acres with a view of water that has a plateau of 20 acres. Bob just does not get excited about real estate since he is in it every day or have seen so much. This got him excited where he could finally build that house he has always wanted with the walk out on the water, two story with the best open floor plan we have seen yet. The walk out basement will be his play room and office. He is so excited about this.

Plus its enough room to have an active small farm going for horses, small herd of cows or sheep and certainly big enough for alpaca’s … So here are some of those animals you could manage on a small farm…

Genny Hens … great for eating those ugly bugs that no one wants either in your house or on your land. Great to have to eat snails so Alpaca’s don’t eat them and get sick. Great to be the early warning system of something different on the farm.

How about the other feather friends like the Goose (dark feathers) for that special meal each year like X-Mas. Or those Pekin ducks (all white) that provide a good meal or are fun to watch that eat lots of grass around the farm. Great to have with water or wet lands …quak!

Lets not forget about those egg laying feathered ones who love to clean and scratch the ground making it bug less. As a result giving you the fresh morning farm eggs cooking on the stove. We use Araucana chickens for their eggs and pretty colored eggs.

These are pygmy goats and this lovely girl is Tilly. She has black streak runing down her back with black marks around her eyes. She loves to eat pears and rabbit pellets. So beware when you feed the rabbits.

You can see the new barn is test driven by Tilley in front and Pearl behind her eating so sweet feed.

And don’t forget about Mr. Frodo Baggins who is the boy friend to Tilley and Pearl. Guess what is coming in the spring …

And don’t forget about the farm dog, Maddie girl, who as a 12 month old Mastiff. She is extremely playful and a great watch dog for the farm. She heards the birds and goats back into the barn yard when they get out.

Must go, we have 20+ houses to look at this day … my buyers are a buying trip … should be a good day for all who is involved.

Bonnie

Good Morning Michigan Foreclosures & St Clair County Pesky Foreclosed Hunters in and around the Port Huron Area.Its that time of season that we start putting out apples, carrots and like food bring in those deer to hunt by bow or gun. Don’t forget the turkeys. Its also that time of year we harvest pumpkins for carving or seeds and even pie.

So, why would it be any different than doing the same think for yours truly, good real estate deals aka FSBO, MLS & Foreclosed Properties.
This week has been exceptionally busy with Real Estate. We are getting tons of calls on our properties for sale from people who are move up in size and location. People have been leaving messages when we can’t grab the phone with some real urgency in their voice. Thank God for all the systems we have in place to route those folks to the right spot.

You got to prepare for the future with systems. A system to push marketing, a system to pull leads, a system to follow up, a system to keep your paperwork, etc. … The future real estate investor is changing and having to become sophisticated at finding and delivering deals.

Others will say no way we don’t need systems. Ok, just look what is about to happen in the US …the RTC was big and here comes Zero Down loans / No Equity boom. We were buying 40k dollar houses for 5-10k that needed just paint and carpet. The view of the future for an investor in real estate is get more money. This is going to make the RTC look like it was just a ripple.

I am contacting big players right now, I mean though guys that do X Million and up projects to get on my team. I believe I will need their resources with the what I’m seeing for the future. Can you see the wave that is coming. Just starting to see the signs … Michigan happens to be the first of the northern states while the hot states are starting to turn … its not a bubble but more on the lines of an equalization.

Look at it this way, money flow is part of the economic ecosystem. Right now, every thing is going toward credit score which is part of that economic ecosystem. Example. when pressure builds in certain spots on the planet, the earth opens up and releases pressure in forms of earth quakes or volcanic action … Economics ecosystem is the same way … we are currently feeling the earth quakes for a bit though foreclosures, preforeclosures, short sales, etc. The big volcano is about to go off in several locations and Michigan is the center of attention of this Mt. Saint Helen.

The next Governor hopefully see this coming or they are going to get beat up by the wave. We will be buying good renovation in Detroit again for 10-15 k not the 40-60k markets … the rent to own market will sky rocket where we will be clearing 3-500 positive cash flow … even selling the house for less and providing good stock to the customers.

So, I’ve been working on local projects in and around the Port Huron area this week. Working on subdivision development also on some really nice parcels of land. We have several deals moving with Private Money Partners and that is always exciting. So, start looking out side of your realm for other indicators, it’s the movie matrix, a different realization of that which is going on around you.

Keep your pesky foreclosure hunting going.
It looks to be to really big.

This is bob, signing off for now!

Today, we started out by getting the Farm going and adding couple of rabbit cages to the total. As Bob went through the coops, he collected 5 eggs with one of those either a Peking or an Indian Runner egg. This egg happens to be 2 x taller than any extra large chicken eggs.

Once the Farm was up and running, we left for Reading Michigan to meet up with an American Rabbit Breeders Association judge from Tennessee to collect 4 Lilac rabbits from North Carolina. The story on the rabbits, they are in the top 5 rare breeds plus we become the 12th breeder in the Michigan. These little guys traveled with Randy from Charlotte NC to Nashville TN when they were given to josh just last night. Josh traveled from TN to Reading were he conducted a Giant Flemish Rabbit show. What dedication to promoting ARBA…

While we were heading to Reading, we started looking at many properties on the way and found some very good deals from FSBO, a farm auction, and several abandon properties. We saw several foreclosures and what was perceived as real deals. So you guys working the foreclosure market below I94 between Ann Arbor & Jackson, you have some go pickings.

After returning home, we placed the new Lilac rabbits into the mix and everyone took turns to say animal hello to the new tenants. Later this evening, they seem to be settled down and getting use to the other animals. They even liked the food.

We are now looking for a Foreclosed farm or residential foreclosures with a minimum of 10 acres. We have several clients that are looking as well as we are wanting to expand our farm. Bob got excited about the Giant Flemish Rabbits who weigh in at 20 lbs. So, we might need a big farm with lot of out buildings … You know when he get excited nothing stands in his way.

So, tonight I did an MLS search and found several opportunities … One example is a home that is over 1500 square feet, 1.5 bathrooms with less than 10 acres for under 170k. So, we have a list for our clients to tour and from those we believe we will have several sales.

Farming & Real Estate are working hand and hand.

Enjoy, Bonnie.

Good Morning and I hope find everyone well this morning. We have had lots of rain Friday & Saturday night. I have a rain buck and its full and over flowing. We even shut off the sprinkler system at the houses.

Friday was a good day for annoucements of new house listings on the Michigan St Clair County Foreclosure List. Every Friday, a new list of foreclosed homes are released. We have access to St Clair County - Port Huron, Marysville, St Clair, Marine City, Capac, Yale, Algonac and more while we also can see what is available across Michigan with those Pesky Foreclosures.

So, we go thru our foreclosure listings and determine whose the canidates for further investigation. Once done, I hand the list off to Bonnie and she sets up the appointments. Then we go shopping. We have a number of houses that are showing 40-80k in equity at current list price.

So, we look to see what it takes to bring them back to life as in the form of repairs. Run the numbers for Market Value upon completion, adjust for conditions, and what’s the range we can sell and the profit.

My favorite part, send off emails to my Private Money Partners and provide them with latest list of foreclosed homes. Reminding everyone, with one - one emails, what houses we need to resubmit and the way we go on offers.

Prep is done, profit structure in place with PMP’s, offering range established, renovation projected and we are faxing to offices again. Should get a couple this weekend … keeping GC’s busy & PMP very happy.

At this point, off to the farm to get the chores going and cleaning barns, etc. The egg production is up and raising. Happy with that … never knew this about my dad that he loves fresh farm eggs. So our first FREE customer has been my dad.

Yesterday, was dad’s 78th birthday and going strong, just early in September he had his knee surgery done and everything went well. All very happy. He is now walking without the walker and uses a cane so in the next couple of weeks, that will be gone. Go Dad.

Off to Reading Michigan this morning, Bonnie’s rare bunnies have arrived from far south. Check out miforeclosures.blogspot.com for more details on her farm and real estate.

This is bob, signing off for now!

Here we go running my laptop in the living room tonight watching TV with the pesky foreclosure researcher queen and computing the rehab numbers of the properties we just visited. Emails off to the investors on the deals for them. And tomorrow more deals are announced, price changes, and the banks are going nuts. Its almost end of month and they are ready to deal , deal , deal. That is me baby.

I love working with cash investors so we can place the offer, close 5 days after fully executed purchase agree. Yep, that works for us. This month should be a good one on buying those Pesky Real Estate Foreclosures in St. Clair County.

We have some of those foreclosed properties in Port Huron, Marysville, St. Clair, Kimball, China, and so on.

Oh, we have expanded this morning, Charles & Elsie are the proud parents of little worms or commonly known as baby American White Rabbits. good job guys.

More to come on the analysis and remember, Private Money Partners, we have several programs that fits into your investment portfolio. Just this morning as I was out looking over the projects, I had a conversation with a potential investor who did not know about Self-Directed IRA’s. After several minutes explaining the program, he went wild on how he could use this to promote his three children’s college fund, his retirement. Just by allowing the IRA invest into my projects and receive a return … In some cases, Tax Free … Wow.

You need to ready, ready, ready, and talk, talk, talk to find those who are looking for you.

This Bob, signing off for now!

Wow, today, Elsie started to pull fur out and line her nesting box. In the nesting box, Elsie has hay that has been pushed around into a nest. She then lines the nest with her own fur. Once that happens, Elsie is just a day or so away from delivery.

Once the babies are born, pictures will be coming. So its exciting times …

Bonnie.

PS: We saw some very good foreclosure deals today, Bob said he was calling Greg, a new investor. He said these properties fall right in line on how Greg likes to invest and the dollar amount. go Bob, go!

I had a meeting with a gentleman in Oakland county to look at some properties that he might want to buy found that he has a very good chance of turning his small investment into a great return. I invited my GC to join me while we walk through his properties and determined what we could do on renovation and approximately cost.

We saw a nice two story that required interior and exterior updates in a good neighborhood. The next project was in a town just south with couple of nice homes that need minimum of work and once again in nice neighborhood. Once our friend has his final numbers, he will be off and running on the improvement of his networth.

He will be able to rent , rent to own, or even sale for retail. Great to see that he left himself these opportunities to sale his finished properties. This will touch the 35% A/B credit rated folks and 65% C/d credit ratings. So over the next few months, he will be able to get his original amount of investment into the properties plus bank a bunch. Great Job.

So, private money partners, raise up, its time for to buy fix and sell! More information on how you can user your cash, 401k, Self Directed IRA’s to get double digit returns secured by real estate, just email Bob@BlueWaterHouses.Com. I will be glad to explain our programs.

This is bob, signing off for now!

What do you do before your day starts out … Run, push ups, swim maybe, racket ball or something else in St. Clair County. Well, I was out exercising this morning, walking, up and down rolling hills, up and down stairs and around meadows, touching and feeling those green trees with leaves.

Ok, Bob, what does that got to do with real estate or even foreclosures. I was exercising, yes, this morning, looking at several foreclosures that had some land, rolling hills, lots of stairs to basements and 2nd stories. Boy, i was excited too about this exercise today.

We found one 1500 sq ft home pesky foreclosed property, that just needs good cleaning, paint, carpet for $125k. I asked the realtor if there is room in the price and the realtor said yes … wow. Plus we get a total of 2 empty lots. So, we will split the center lot and give to both end lots. Later, we will build a new 1400 sq ft home next door upon the sale of the first house.

The second foreclosure deal looks interesting, its valued at 200k, currently listed at 90k below value. Well, what the heck is wrong with the house. Ah, every thing. I would guess about 60-80k in renovation … the owner really screwed up the roof and siding … did not know how to align those sides. The realtor said its 3 bedrooms, really, where, its only 1.5 bedrooms. Ok, how do you get .5 bedrooms, its tiny. Realtor wanted an offer, even if I was low … yep, guess what is coming.
Hope you like my exercise program, it works, with banana, ice tea, lost 3 inches this summer. That is my exercise program. Good luck with your method.

This is bob, signing off for now!

I have the big question for Sunday Afternoon.. Well will Detroit Lions beat the Chicago Bears?

While we can debate that question, let’s move onto something a little more important. So after church or before, let’s jump on the MLS system and see what is open for viewing today? Oh yea, run out to the mail box and pull your Sunday paper to see what is for sale and open houses tour.

This is the time to check out what investors says is ready for sale, type of colors they use, quality of materials they used, quality of cabinetry, etc. Then you can see what home owners are saying why you should buy my house with Realtors assistance and FSBO.

Now while you are in the house, ask questions of the Realtor about the house, traffic, what they like about the house and what would they do to the house if they bought it … If other people are walking thru the house … befriend them and ask them what they like and don’t like … some people want to know why you are asking them questions, let them know you are looking for quality houses and what other people feels are quality houses with what features they would want in the remodeled homes.

So have fun today, its beautiful here in Michigan and its a great day to look at houses. While out in those neigborhoods looking at houses, get thoughs FSBO #’s and give them a call to see why they want to sell their homes, etc.

This is Bob, signing off for now!

Well, I’ve been updating documents, placing them onto the web, writing other articles and posting them on multiple of sources with lots of work … You tend to wonder if this work is worth it when you are busy chasing pesky foreclosures.

Well, if you are marketing your company, keep it up. It’s just a matter of time. As you continue to find deals, do them and profit from them, keep the marketing going. And guess what, I’ve been able to add a few new investors who will allow me to do the more projects and a few more people bringing deals to do. So keep it going … it is worth it.

This is Bob, signing off for now!

Did you see how the Lions played today … Man, it was bad. The bears just kicked their butts. The next question, call the Tigers sweep Orioles … not looking good in the end of 7. Anyways, off to real estate …

We have appointments to see several foreclosures and FSBO’s … I plan to buy something today after we determine renovation dollars. We did our homework with finding the houses in target markets and we know what we could sell the homes for either as RETAIL or RENT TO OWN. It depends on investors choices short term verse long term gain.

More to come … Wow, we looked at several foreclosures and they seem to be a little over priced. We saw a Victoria style home, new construction, no landscaping, unfinished interior & floors. Priced at Fair Market Value of finished properties. The next favorite foreclosure, on my sisters tour this Sunday, was a Spanish style two story home who sat on couple of acres with the bank stuck in the mud on price. Go figure!

We walked thru several open homes to discover kinda finished properties at the highest price possible. Its ok for sellers to sell at top of the market but I would expect top of the line quality of workmanship. Oh, well, Bob’s school of rehab. Go figure!

this is Bob, signing off for now!

Saturday morning, its catch up from early week. I made a list of items to be done today, not too many since its going to be great day in Michigan and want to enjoy it. This weekend should be just great!

Of course, we are hunting those pesky foreclosures for the investors who are ready for their next quick turn. While we hunt for them we have a couple of investors who want a wholesale deals and I like those deals for the quick cash. We also have a couple of rent to own folks who have bruised credit but have good portion of cash.

On the other side of the real estate business, Bonnie is a buyer’s broker. She has couple retail folks ready to buy in affordable housing prices (under 225k) and between upper middle class (350-500k) so she is assisting those clients on filling their needs.

Saturday will be a fun day for real estate.

During our conversation, I discovered, the retiring landlord in fact did not have 150 houses but 400 for sale. Most of which are 3 bedrooms in good to fantastic areas and shape. He is even willing to carry the paper. You might say, that is too good to be true, well, I originally thought so until I checked. I’m even adding more investors to support the larger number of purchases … More to come on cash flow…

Off we go and finding those good deal pesky foreclosures.

This is Bob, signing off for now!

Friday was interesting in the news, DaimlerChyrsler announced its projected losses for 3rd quarter is to be around 1.5 billion up from the 600 million projected.

Ford announces the change at the CEO position and accelerates ‘Way Forward’ program which includes the lost of 44,000 jobs, close plants, cut costs totalling $5 billion by end of year.

On the other side of the coin is Toyota who is increasing its truck the Tundra by 200,000 units and placing them on the ground for mid February Launch. You got to start asking yourself basic questions like “What do they know we don’t” … Remember, go in the opposite direction of everyone else then you will achieve your dreams.

Gas prices are dropping where Bonnie bought gas for $2.09 a gallon. That is good relief for everyone … I don’t know about you but I travel lot of miles in a month and that is a nice raise to my bottom line.

On the Real Estate side …

While all that is going on, I’m negotiating with a soon to retire landlord on buying his properties. How we found each other is interesting. How I found him was not of my effort but of my network’s effort looking for opportunities for me to buy properties. One of the guru’s once said to put together a network of folks called ants who will run around their respective areas looking for pesky foreclosures, etc. I just don’t limit myself to foreclosures. I have found FSBO’s deals better than foreclosures and less work. So, I worked with my network and it has paid off this year alone with 5 great deals that would never show up on MLS or foreclosure. Go figure.

Keep the faith, and keep pushing forward.

This is Bob, signing off for now!

Wild Week in Real Estate … we met with one of our Private Money Partners on Tuesday going over the game plan on a new project we are kicking. While we were talking, he shared with me an opportunity he has been given. Once I understood, he has 5 houses & 1 vacant buildable lot.
Seemed like a good deal.

One of the properties needed renovation which included painting inside and outside, carpet 2nd floor, a back porch requiring new windows, insulation and dry wall. We will update the bathroom and put new cabinets into the kitchen. Now on the buildable lot, we are looking for a good house plan were we will build a nice 2 story with full basement as a retail deal. What was going to be a conversation on our new project turned into several.

So, keep those PMP’s happy, they will bring you opportunities also.

Wednesday, we kicked backed to watched House, Vanished, Stand off, Eureka, Bones, Justice and Meerkat manor that we had recorded on echostar box. Just got to take a break and kick back sometimes …Dish network recievers that you can record on are great, we watch our programs on our schedule and fast forward through the commericals.

Thurday was packed picking up new customers … reviewing packages and going after those that are the best investments … we’ll know more in next few days. Plus cleaned and staged a few places.

This is Bob signing off for now!

This weekend, Bob & I, had to run to one of our projects and fix something that an individual said they would do … vacation, procastination, lying, etc seems to be their life and not their word. So, take your time to interview folks, either for a contractor project or partnership.

Bob never takes people at their word any more, he has taken the attitude, show me … resume, papers, references, etc. He even calls them and follows up with the folks and sometimes all checks out and still get a bummer.

So, that is where you have to step up to the plate (Go Tigers!) and put the ball into play and resolve the issues. Just like we did today. Remember, its your word that counts and your committment to the project and to your investors that you are representing.

Don’t let a bad apple sour the barrel, just pluck it out, throw it away and move on. We have learned to do this with over 200 projects now in rehab.

Remember to stay true to your word, yes, I did say “YOUR WORD”. Make sure your actions back it, even if its shovelling dirt or something that is beyond your experience or beneath you … just do! So all will be well. Yep, its does work.

Have fun on this gorgious day, See you next time.

Bonnie

I just had to show you what I got Bob … Boy was he so excited as a city boy!

This is a baby Mallard Duck …

This is a baby Pekin Duck …

We have 1 Drake & 3 Female Mallards plus 8 Pekins, with boy girl think soon to be worked out …

Have fun and enjoy, Bonnie

Last night we visited another home that is for sale. While Bob & his contractors walked through the home, I was reading. Once Bob was done with house A, we went onto the second house that night. Back into the house Bob & his contractors went. Back to reading again.

Out of this house Bob came and on to job sites to check status of the renovation of several other houses. While he is running through the houses I kept reading. You might say, what the heck are you reading.

Well, as the real estate business is growing, I have started a new business right at our place. I know, you are wondering what the heck are we doing now!!! We started a farm … Currently we have chickens, ducks, geese and a few goats.

You might think we are either nuts or don’t sleep. Nuts, might be, but we have always wanted to own and operate a farm. To help bob grow into this effort, since he is a city boy, we choose to have the birds and goats first and later this year or spring, we will add cows, sheep and finally the Alpaca’s will arrive …

As soon as the pictures are uploaded, we will start posting.

Must run, the phone is ringing from one of the offers … Later Bonnie

Hello and how are you doing?

We have had quite a run since March 06. Lots of activity in real estate, joining ETAR (Eastern Thumb Association of Realtors) & MI Real Source out of Macomb providing us with the greatest exposure to the real estate markets in Southeastern Michigan.

While our business grows, our farm has jumped in size. We have expanded to include African Geese, Grey Geese, Pekin Ducks, Mallard Ducks, Muscovies Ducks, Indian Runner ducks, Auacaunas chickens and Genie Hens … oh, don’t forget Peril and Tilly, our miniature Goats.

More pictures about the animals and the big move on the farm, Bob moving the Barn 12 feet north and 6 feet west … later pictures and a funny story that goes alone with it … Must run, time for nap before all the construction crews start up for tomorrow.

Bonnie.

3 bedroom 1 bath 1328 sq ft

Here’s the numbers:

Total investment: $127,000
Fair Market Value: $158,000

profit: $30,000

my private investor is getting 10% APR for writing a check

This is a great article I found that covers the basics which we all tend to forget at times.

Five Keys to Building Wealth

Anyone can get rich. You don’t have to be a genius, and you don’t have to be lucky. People who build wealth make certain decisions and practice certain skills - none of which are difficult or complicated.

You can do it, too. You can acquire a multimillion-dollar net worth by doing just five things:

1. Get to work an hour early.
2. Develop and perfect a financially valuable skill.
3. Use that skill to earn an above-average income.
4. Spend less than you earn.
5. Invest your savings smartly.

By practicing these five simple behaviors you can build real wealth. Let’s take a look at each one.

Get to Work an Hour Early
You have to give yourself an edge over everyone else. The best way I know to do that is to get to work early. By getting to work early, you can do all the little things that put you ahead of the pack. You can make extra contacts, learn useful skills, take time to write an impressive memo, polish off a report, etc.
There’s no better time to collect your thoughts and plan your day than early in the morning when the office is quiet. And if you do it right, it will be the most productive part of your day.

Start it with your weekly to-do list. On a sheet of paper, jot down anything you need to get done. Make sure you give primary attention to your top goal that day, and get it done.

Use your extra time to get at least one positive thing done before you start doing all the “regular” things. The “regular” things will give you a “regular” life. The extra things will give you all the extras - including the extra millions.

Develop and Perfect a Financially Valued Skill
To make more money than the person next to you, you have to be able to do something that is worth more money to someone else - your boss, your business, or your customers.

Selling is a financially valued skill. So is producing profits. So is creating growth. Other skills - making things run smoothly, eliminating mistakes, balancing books, etc. - are certainly valuable to a business, but not as highly valued when it comes to dividing up the money pie.

What successful businesses mostly need - and value the most - are employees who stimulate sales, increase customer retention, boost customer spending, and bring in a bigger profit. The marketing jobs, sales jobs, and the merchandising jobs are the ones that most visibly contribute to the bottom line.

You can add to the bottom line and become a financially valued employee or business owner by gradually developing sales, marketing, and profit-building skills. Study sales and marketing programs that are currently working. Learn from existing masters. Keep at it until you are confident you know how to create more wealth for your business.

Make an Above-Average Income
You don’t have to earn a ton of money to become a millionaire, but you do need a higher-than-average income. To get wealthy while you’re young enough to enjoy it, you need to make about $75,000 or more. If you are making less than $75,000 a year now, it’s almost certainly because you have not perfected a financially valued skill.

Plying a financially valued skill toward a business you work for or a business you own (or both) will definitely produce wealth. Part of that wealth should go to you. If you’re an employee, ask for your share – ask for a raise, backed up by the results you’re producing.

Spend Less Than You Earn
It isn’t easy to make a lot of money, but it’s very, very easy to spend it. The book The Millionaire Next Door made and proved the point clearly: most millionaires become wealthy not by making a ton of money, but by saving and investing modest amounts over time. That’s precisely why I believe you can become wealthy when you earn as little as $75,000 a year.

To make sure you spend less than you earn, use this powerful money-management trick. It’s something I began doing many years ago. It has allowed me to get richer in good times and bad, when my ideas were working and when they were not, when the economy boomed and when it stalled.

One day, I took out a sheet of paper and tallied up my net worth. Despite earning $50,000 more than I had the previous year, my net worth was less than $10,000.

I made myself a simple promise. I said that from then on I’d recalculate my net worth once a month and that I’d do everything I possibly could to make sure that each month’s total would be larger than the month before. It was as easy as that. I decided simply to get richer one month at a time.

By calculating my net worth, I saw that many of my habits (including some of my spending habits) were financially unwise. It also gave me, at times, the energy I needed to do something drastic - to start something new or end something that had gone wrong. Plus, it gave me an underlying determination to get a little bit richer every day.

Don’t dismiss this little technique because it’s simple. All the best and most powerful things in life are simple. This will make a difference. Do it.

Invest Wisely
Investing wisely means doing two things:

Create a second, active income, and keep it growing.
Invest your passive income in a sensible, conservative fashion.

Creating a Second Income
Start out slowly and learning about a side business while you have the safe and steady income of your main job. By a “side business”, I mean something you can run on weekends or weekday evenings that won’t take your attention away from your full-time job. It should be something you enjoy and are willing to stick with.

Start with your financially valued skill. You are using that to create your first income, and now use it to create the second. Just stick with your strengths and you’ll succeed.

Investing Your Second Income
Finally, take the extra money you make from your main business and the extra money from your side business (by extra, I mean the money you can’t reinvest in that business because you simply don’t need it) and put it into an investing program that is reliable, safe and productive.

So here’s what you’ll do:

Set your alarm an hour earlier.
Identify the financially valued skill you are going to develop.
Commit to spending less than you earn.
Think about a second stream of income.

Start now - don’t wait a year or two and wish you’d started today.

Written by: Mark Sumpter

Over the years I have learned that almost all investors want mortgages that will give them loans that include dollars for rehabilitation and renovation of investment properties.

There are many investor programs offered by thousands of mortgage companies. Some Mortgage Companies have programs that will loan funds as part of the loan package money for rehab and renovation. Some have programs where they set up escrows for rehabilitation and renovations and have inspections on the work in process in order to get the next draw.

Due to the vast number of rules and with lenders all having different policies I am now adding disclosures in all of my real estate purchase agreements and related forms to assure buyers are using lenders that have programs that work for borrower (buyer), seller, realtor, wholesaler and lender.

I now use the following disclosure language in my purchase agreements, addendums, assignments, and buyer broker agreements:

Lender and Title Company Restrictions. The buyer (s) and seller (s) agree that buyer (s) will disclose to buyer’s lender all relevant considerations regarding the purchase of this property. Due to the nature of this transaction, buyer (s) will only use a lender that allows buyer to receive funds from the seller to cover allowable closing costs, permissible allowances and expenses of rehabilitation and renovation. This purchase agreement is void if buyers (s) and/or their choice of lender knowingly violate state or federal laws that govern this transaction. If found in violation of applicable law, buyer agrees to forfeit their good faith deposit

What is happening in Michigan Real Estate?
At any given day, thousands of houses are lost to banks who take possession of them because the homeowners can’t afford the mortgage any more due to many reasons: death in the family, loss of a job, divorce, bankruptcy, substance abuse problem, etc. This is a very sad situation but it is reality. Every day in Michigan alone - in the counties where we live and operate our real estate investment business - we see over 1700 foreclosures going through the court system - every single month. Every month thousands of people lose their home. The bank needs to recover the mortgage balance owed to they, and the only way it can is to go through the court system, buy back the house via a “Sheriff Auction”, wait for at least 6 months before they can evict the homeowner. The bank now owns the house and uses a realtor to sell it.

Reason why we are getting good deals on properties …
Banks are not in the real estate business - they are in the business of lending money and earning interest. It is an industry known fact that the banks lose about 40% on a foreclosured property. This is due to the fact that:
• the property usually needs updates and repairs,
• the longer the house does not sell, the more bills the bank is responsible for including, all property taxes, utility bills, security, and maintenance.
• Don’t forget they might have $100,000 or more already locked in a defaulted mortgage
• the longer the house stays vacant, the greater the liability for the bank.

In the banking industry, a foreclosured property is called a “non-performing asset” - meaning it is not earning them any income. To make it worst, for every dollar of “non-performing assets” the bank has to hold ten dollars which cannot loan out. One bank said its costings them $1 million dollars on top of the mortgage balances owed to them for every 500 foreclosed houses it has. The simple fact of the matter is that banks hate foreclosures - it exposes them to unwarranted liabilities, less profits, and most importantly that money is now locked in a “box” instead of earning interest somewhere. Most banks want a quick sale, collect their cash, and write off their losses in their next year tax returns and move on.

Here is the rest of the story that other people don’t see …
Michigan appreciation is flat in most parts of the state with excepts in a handful of towns. So where is it going … Here are the hard facts by looking at some examples 1) Miami Florida, its jumping off the charts as investments today … why is that, just a few years ago if you remember, Miami was the nations murder capital, drugs, gangs, properties going into the dump, etc. Miami was dragging the lower part of Florida down. Reputation was stay out investors. One day, the citizens started to take back the city, here we are 10-15 years later, and Miami is the star area to buy as investor since they have double digit appreciations, they are no longer referred to as the murder capital. 2) Los Angeles California, its jumping off the charts also … why, before Miami it was the murder capital of America and hate crimes was high. Now, look what is happening … the town is cleaning its self up and the real estate game is booming. Why California is booming because of the big cities clean themselves up and the state takes off. We can give other examples but here are some of the names Washington DC, Virgina, New York Downtown.

So where is the next hot spot like this for me the investor how wants to get in early. Michigan! Look what is happening to Detroit. No longer called the murder capital of America. Big investment dollars are being pumped into detroit proper commerical side with new Ford Field for lonely lions, CoAmerica Park for tigers, talk about new hockey areana for red wings and many other office building renovations and new construction. Cleaning up the neighborhoods around downtown area with new constructon, specially designed neighborhoods plus other companies updating their plants like the old Chrysler plant torn down and replace with a new modern multiple billion dollar investment for their Jeep product.

Michigan is in a slump with unemployeement on the raise. Delphi declaring bankruptcy, automotive sales are down for General Motors and Ford Motor Company. Both are talking large layoffs and union wages being cut. Closing of plants outside of Michigan and inside. So, it just looks like it going to get worse. Those layoffs to OEM’s employee’s mean downstream effects on Tier 1, 2, & 3 supplier and possibly some going out of business. Which utlimately means more unemployeement in Michigan. Which implies a big surge of houses on the market either at discounted to sell or foreclosures.

So, why is Michigan the buy, because of the TURN. Michigan is transitioning from Industrial based state over to a blend of Industrial / Information Age / Persuasion Age. Michigan was so industrized that it is going through the TURN over to new industry based. Just take a quick look at what is happening over the next ten years were Michigan will be the meca for Biotech and Computer technology. We currently have BIOtech underway and growing. Computer technology suprises me since we have Boston, Silicon Valley and many other great tech spots but you can see that throught Automotive Alley that is running today and how many companies need top notch tech’s. Ann Arbor is beaming with start up companies in computer technology, one of those is Latitude Consulting Group. They are just growing with leaps and bounds.

With the history of how Miami & Los Angeles turned around, and how they are double digit return on investments and talking with a number of outstate investors who have $X Millions to invest, they like Michigan since it is in the TURN state. So, why not you invest into Michigan Real Estate and Foreclosures!

This has been a special note from my dear husband.

All things put aside, family time seemed to very light this summer. We moved our Real Estate business from the city of Detroit to Port Huron. Uniting with old friends and meeting new ones. Starting new farm reports, interviewing contractors and playing the field of real estate investments.

Since that time, we have concentrated on Junkers that we fix and flip, pretty houses for lease option or rent to own and rounding out with construction on upper end houses in appreciating markets.

We found a wide variety of foreclosed in Port Huron - Marysville area. Michigan Foreclosures are on a rise and you can see why. This is not a surprise considering Dephi just filed bankruptcy, Billion Dollars, the union is threatens to walk, Dephi wants a pay cut by 50%. I was raised in a union family and see more trouble ahead. All this will fall back onto GM. Can GM withstand the pressure or will she break.

Couple of items might happen, Toyota will be knocking on the GM door to say I’m here to buy you and the GM brass won’t even see it coming. What would happen if Toyota buys GM. They certainly have the cash, pay off their debt maybe put workers back to work.

Companies like Dephi & GM will be changed forever. The most interesting piece about this thought will be Toyota, they have it in their plans to be the largest automotive company in the world by 2030 or 2035.

We personally saw a change in the DaimlerChrysler AG when they bought Chrysler. We thought Chrysler was going to buy DaimlerBenz at the time but it was the other way. Today, DCX for short has really shown the merger to be a good thing since they have one of the nices car lines in the industry with new models for 2006 & 2007.

What does this have to do with Real Estate, Michigan Foreclosures, Port Huron Foreclosures, simple, we the Investor community can have the opportunity to buy houses at larger discounts. This will allow for new cash flows into our local communities stimulating those economies. We will be able to hire more crews, buy materials, brighten up the areas with hope.

So, start to learn about real estate investing, the different methods, get your credit score higher, stop spending on little things you can put off and plan to help your neighbors and friends beside your self by buying those foreclosures and putting back into your economy today and tomorrow.
Michigan is our home, its a great state, we just have to take it back before someone else does! Its ok to embrace change, its ok to take that step forward with unknown or uncertainty, its ok to go where the others are not. I was taught this “Go in the opposite direction of everyone else”.

This has been a special note from my dear husband.

Here we are on a brisk Saturday jotting down a few notes on build networks. I can not stress this enough but it’s very important to build a network of volunteers to assist you. Especially when you are out looking for the pre-foreclosures opportunities.

We have spent time meeting people in our target areas. They are work in all different industries and not necessarily in real estate. It’s important that you build friends with everyone you can. We usually get a business card or name, address, phone number for my records.

Just to keep them on your team and keep your needs in front of them, usually send some type of communications i.e., email or post card. It’s good to keep the communications flowing. As result of staying in touch with your network, things like this happen, were I was introduced to a real estate investor who has rental properties and is looking to sell them at a discount.

Bonnie & I have extensive experience being a landlord and property manager for other investors suddenly looked at this opportunity differently. As a landlord it takes lots of capital to maintain the properties properly. So today, if you are thinking about jumping out into the real estate game and become a landlord of any type of scale and you have little to no assists, you might be a few months away from failure.

Anyways because we build networks, others are sending us opportunities.

This is Bob, signing off for now!