Port Huron Foreclosures - Buying Michigan Foreclosures Throughout St Clair County

Family, Real Estate and balance

Bob Hoyer — Fri, 03 Nov 2006 23:49:00 +0000

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.

Wow, life happens!

Bob Hoyer — Sun, 07 Jan 2007 14:12:00 +0000

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!

Selling houses Fast

Bob Hoyer — Mon, 23 Oct 2006 12:52:00 +0000

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!

Boy this was a crazy week chasing Bank Owned Foreclosures in and around Port Huron Michigan

Bob Hoyer — Sun, 22 Oct 2006 13:35:00 +0000

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!

You’re Team

Bob Hoyer — Sat, 14 Oct 2006 19:28:00 +0000

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 make 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!

Building Networks

Bob Hoyer — Sat, 14 Oct 2006 19:27:00 +0000

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!

Your Team must grow with experts

Bob Hoyer — Tue, 10 Oct 2006 02:53:00 +0000

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!

Attending local events builds your network

Bob Hoyer — Tue, 10 Oct 2006 02:48:00 +0000

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!

Big Day with Bank Owned Michigan Foreclosures

Bob Hoyer — Sun, 08 Oct 2006 00:03:00 +0000

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!

Bank Owed Discussions with Private Investors

Bob Hoyer — Tue, 03 Oct 2006 01:40:00 +0000

Today has been a very, very, very busy day. We have been going all day either landscaping, farming activities or chasing those pesky Bank Owned Foreclosured properties. We have been reviewing the Michigan Foreclosure list for St. Clair County.

Over the weekend, we looked at a bunch of properties that matched our beginning requirements. After you walked through those houses, you start a what, could you, should you list of renjuvnation items for the purpose of selling this house.

Remember to think about the end of the game and that is how are you going to sell this property. Will you sell it on Rent to Own terms (owner financing, wrap around mortgage, lease with option to buy) or retail sale. This really plays into the repair process.

The repair process should it be "MAC Daddy", thanks richard, job or should it be a quick and dirty with the intent to sell this on a handyman Rent to own. So plan your project and work your plan. Once you start stick with it ... if you are working with a Private Investor, make sure you check with them on how they want to sell the home.

Today, I was working with several investors who each have different exit strategies for example, one is self funding and they don't care, either now or later; one is great credit and wants to quick turn (sell for retail); another has lots of cash and needs tax breaks for their income so we are doing long term solutions for them with a minimum 12 months and 1 day sell plan or longer for those deductions and capital gains.

So, as you walk thru those michigan foreclosures or any foreclosed property, remember your end game as you write up your repair list. When you choose a lessor path for repairs, adjust products accordingly.

I personnally, hate cheaping a house with faucets that are found in most rentals. We did not use those faucet then and why the heck would you use them now. An example is one investor from St. Clair who bought a house in st. clair and renovated the house. The realtor who sold him the house thought he did a good job. So the investor put the house on the block for sale at the premium price possible. One thing, the products used do not reflex that price market.

Ok, here is the example, why use a $15 faucet in bathroom when you are trying to sell this house at top end clients and they are expecting $100 faucet. They don't want to change out the faucets in couple of weeks, so if you use cheap, sell it cheap.

Any ways, enough on repairs. We had a great day, almost forgot, plus a couple of offers gone in on a couple of foreclosed / bank owned properties.

Best of luck hunting those pesky foreclosures.
this is bob, signing off for now!

Bank Owned / Foreclosed Manufactured Homes are on the rise.

Bob Hoyer — Mon, 02 Oct 2006 02:33:00 +0000

Have you every visited a manufactured home and wonder what to do with them. First, why are there so many of these showing up. Have you noticed this in your area.

This original Design ... The upgraded version ... The modern version

We are getting a bunch of them on a couple of acres or several.
Ask yourself a few questions ...

What do you like about them?
What don't like about them?
What would you do if you bought one?
What would you do maybe to appearance?
Would you remove the seam strip and mud that joint?
How would you fix these up to sell?
Would you use them to quick turn or rent to own?
How would update the home to turn these quickly?
What would you do to make the mfg home less mfg?
What type of ideas would you use to make changes?
What about landscaping?
What would you do to make them look like a normal home?

Remember, the upgraded versions have skylights and several of the homes we have seen leak. So what would you do different to the sky lights to prevent leaking?

Notice the interior cabinets, they seem so cheap, what would do with the kitchens cabinets?Even the bathrooms have lots of room but the fixtures seem so cheap, so what would you do to eliminate those thoughts? Moreover, there is usually more room per room and whole house that does draw folks into new mfg and remodeled version.

So why are people buying them?
What draws them to mfg homes ... cost, room, easy to setup on basement, what do you thing?

So, I'm hunting for ideas and marketing to deal with mfg homes since they are popping up like pop corn being cooked in a pop corn popper. Let me know your thoughts.

This bob, signing off for now.

The plagues in the Real Estate Bible

Bob Hoyer — Mon, 02 Oct 2006 00:35:00 +0000

We were on our next to last house in the great pesky foreclosure hunt this even and ran into one of the greatest plagues of real estate. This one plague is called the flea ... yuk.

I should have known better when we walked into the house and someone had let a bug boom off and I did not see any roaches (the second plague). After roaming thru the house, we left with our thoughts in hand on what to do the house to sell quickly.

We went back to the car when we discovered the nasty, 1st plague ... the flee. Over the next 60 minutes we picked, squished, plucked, the pesky vermints from our closes ... little did we know this place was going to be so bad. This is a house in really nice neighborhood and we believe to have great potential.

The deal on the house is currently listed 30k below FMV. Upon a detail plan, it really just needs paint, carpet, updated fixtures and a king pest controller. Once done, should be a good one to sell or even rent to own. The neighborhood is just surprising on quality homes and hopefully, flee free zones.

Next time when you enter a pesky foreclosure house, and see a bug boom can in the center of the room with no dead roaches about, turn to the door and RUN! The joint is most likely filled with fleas. Guess way, they are hungry. So run!!

This is Bob, signing off for now!

Another Beautiful Autumn Day

Bob Hoyer — Sat, 30 Sep 2006 14:14:00 +0000

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!

Keep the ball rolling ...

Bob Hoyer — Fri, 29 Sep 2006 11:46:00 +0000

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!

Michigan Foreclosures and other Real Estate

Bob Hoyer — Mon, 25 Sep 2006 00:56:00 +0000

Want to ready about some of the Michigan Foreclosures and other Michigan Real Estate we saw today, see http://MIForeclosures.BlogSpot.Com for details. Bonnie did a quick summer of what our day was like ... enjoy.

this is bob, signing off for now!

PS: Pesky Foreclosures in Michigan.

Prep work ... Is it important

Bob Hoyer — Sun, 24 Sep 2006 11:43:00 +0000

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!

The analysis phase ...

Bob Hoyer — Thu, 21 Sep 2006 23:48:00 +0000

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!

Morning calisthenics ...

Bob Hoyer — Thu, 21 Sep 2006 01:17:00 +0000

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!

Opportunities come in bunches

Bob Hoyer — Thu, 21 Sep 2006 00:45:00 +0000

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!

Thank God for Real Estate

Bob Hoyer — Sun, 17 Sep 2006 19:47:00 +0000

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!

Its Sunday … wa hooo

Bob Hoyer — Sun, 17 Sep 2006 14:48:00 +0000

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!

In the Zone with real estate

Bob Hoyer — Sat, 16 Sep 2006 23:21:00 +0000

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!

What the heck is going on …?

Bob Hoyer — Sat, 16 Sep 2006 23:17:00 +0000

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!

Taking Care of your Investors

Bob Hoyer — Sat, 16 Sep 2006 23:15:00 +0000

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!

Busy Day, busy Day, Busy Day

Bob Hoyer — Sat, 16 Sep 2006 23:12:00 +0000

Monday night … here we are working with our GC planning out a new subdivision development for 50 to 60 homes and working on 125 house subdivision project of higher priced homes. With folks reporting that Michigan ranks 1st in unemployment in US, Foreclosures up over last year about double, Automotive sales are dramatically down for Ford, GM & Chrysler Group, South’s catastrophes has pulled a number of our builders and contracts to Texas, Louisiana and Florida, what and the heck are you doing …

That which is not seen, is seen, so that it can be seen. Yes, I read about these statistics, yes I understand that things are not perfect but quit being chicken littles running around and saying the sky is falling. You give people what they want and they are buying go figure that one out.

Hey as an investor you have to see things before they can be seen by others. If you don’t or cannot, don’t be an investor and certainly don’t try to partner with us that can see the unseen. Those individuals that try and can’t just become big critics so watch out for chicken littles, they won’t do anything anyways.

We also reviewed the calls off our WE BUY HOUSES ads, reviewed the latest foreclosure listing and put together our target list. Our focus is not the economy but the buying of properties for the best price, rejuvenate them (not fix them) and selling them (rent to own, retail, wholesale).

With all that said, this is bob signing off for now!