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Miami Real Estate Investors Association Welcomes Disney Institute to Miami on February 11, 2010

Email Header graphic for Dinsey FIU event in February

It doesn't take any training to recognize that the world's economy has taken a significant downturn. It does take effective and proven professional development training to guide impacted organizations back to the summit.

Miami Real Estate Investors Association is proud to partner with Florida International University College of Business Administration to bring Disney's Approach to Business Excellence program, presented by the world renowned Disney Institute, to the Miami area on February 11, 2010.

A one-day local workshop, Disney's Approach to Business Excellence program is a rare and affordable opportunity to learn best business practices from Disney insiders, and discover ways to easily and immediately adapt and apply those best practices to pick up the pace in these slow economic times.

Organizations from across the nation and around the world have learned proven philosophies, adapted critical lessons, and implemented effective processes to reap the rewards of improvements in leadership, management, service, and brand loyalty.

We invite your team to join 1000's of professionals and discover Disney business secrets to . . .

  • Strengthening loyalty and retaining valuable customers
  • Expanding their brand and generating greater profits
  • Building team involvement and ownership
  • Creating a service culture and motivating employees
  • Maintaining a competitive edge in a sluggish economy
Disney's Approach to Business Excellence Program is. . . .
  • Relevant: Impacts critical drivers of success in a slow economy
  • Affordable: Priced to serve more people under limited budgets
  • Actionable: Easy to implement upon return to the office
  • Inspirational: Generates team excitement and momentum
  • Short: Takes only one day away from the office
  • Local: No travel expenses
Professional development doesn't cost-it pays. It pays by creating a framework of focused energy in a vacuum of uncertainty. It pays by helping an organization gain share in a slow economy. It pays because it has been proven to strengthen employee morale and retention, which will be critical to emerge from tough times.

IMPORTANT: Please use MREIA promotional code MREIMEE to receive $50 OFF PER GUEST when registering. Additional group discounts are available.

TO LEARN MORE AND REGISTER GO TO: www.KeysMiami.com

Email Footer graphic for Dinsey FIU event in February
0 comments • Bob Burns • December 29 2009 09:35AM

Tomorrow night’s Webinar with Than Merrill..October 13th, 2009 at 9PM EDT

Hey Inner Circle:

TTomorrow night's webinar with Than Merrill, star of A&E’s hit TV show “Flip this House” and one of the nation’s top marketing coaches, is going to be the webinar of the year!

So cancel your hot date because it starts at 9PM Eastern!

To Register:

http://www.1shoppingcart.com/app/?Clk=3303893<=== Flip on the Webinar Switch!
(If Link fails, COPY and PASTE into your browser)

RockStar Tweet This
Click HERE to allow your Twitter followers to register for Than Merrill's Webinar.

I can tell you Than is all “meat” and no “fluff,” you are going to learn an immense amount of information that you can implement immediately in your own business to make a ton of extra money this year. His marketing systems are some of the best in the industry for quick turning properties, finding more equity deals in today’s soft market, and getting them sold in less than two weeks!

See you on the webinar!

http://www.1shoppingcart.com/app/?Clk=3303893<=== Buy and Sell Your RE Assets Quickly!
(If Link fails, COPY and PASTE into your browser)

P.S. Everyone who attends the webinar is going to receive a FREE Video training on “How to Raise Money from Private Investors” for your next real estate deals! You will also get a copy of a custom power point presentation you can use when you meet with private lenders!

P.P.S. Than will also be raffling off TWO seats to a 4 Day Intensive Marketing & Wholesaling training to one lucky person!!! This is a $3500 dollar gift so don’t miss your chance!

P.P.P.S. - If have a contact list you can market to and want additional income, click here: Become a Deal Maker Expo Affiliate

Sun & Waves with Miami Real Estate Investors Association MREIA"The real measure of your wealth is
how much you'd be worth if you lost all your money."
Bob Burns Print Signature for IGG and MREIA
MREIA's President
Telephone #: 305-300-6242
email: rkburns@investmentpropertiesmiamiflorida.com
MREIA's Web Page: www.miamireia.com
Follow MREIA on these Social Media Sites: MeetUp.com Icon Face Book Icon MySpace Icon LinkedIn Icon Twitter Icon VOX Blog Icon Youtube Icon Ecademy Logo Icon
0 comments • Bob Burns • October 12 2009 02:24PM

I just needed to share this with you.

Hey Gang:

If you haven't seen this yet (I sent it over a few weeks ago) then check it out now. It's really cool (and scroll down and check out the games):

http://www.freedomsoftiscoming.com/?a_aid=4a9e595b0bb85 <===Click HERE
(If link fails, CUT and Paste link into your browser)

- Bob Burns

Re-Tweet This
Click HERE to allow your Twitter followers to Opt-In NOW
and play a few internet games while your at it.

0 comments • Bob Burns • September 19 2009 05:03PM

Bank, Government and Miami area REOs

Click to view our most popular pages on our web site which contains information about REOs.

0 comments • Bob Burns • September 06 2009 01:32PM

Nationwide Pennies on the Dollar Bank Owned Properties

This web site www.blowoutproperties.com allows you to sign up for boot camps occurring all over the country Miami, Fort Lauderdale, Atlanta, Las Vegas, Orlando.... They provide Bank Owned properties, single family homes, at highly discounted prices.

What I like is that they provide a Turnkey solution for investors or first time home buyers. They provide funding rehabbing services and property inventories all over the nation.

 

 

 

1 comment • Bob Burns • April 30 2009 11:14AM

How not to get stuck with a property and lose money...

Investor's Biggest Fear....What happens if I can't find a BUYER and I am stuck with the property????
Here is what I am hearing from Investors thinking about BUYING a DEAL.....
  • How do I find a deal?
  • Is it a DEAL or NO DEAL?
  • How do I estimate the repairs?
  • Do I know a good contractor?
  • After Repair Value (ARV)? What is that and how do I determine it?
  • What channels do I use for marketing the DEAL?..internet, local papers, email, REIA club, etc.????
  • HOW do I find and qualify a potential BUYER?
  • What happens if I can't find a BUYER?
  • If I make a mistake, how can I recover from it?
  • On and on and on.....
So, for MREIA's March Workshop we invited a successful wholesaler specializing in South Florida's market who $$$ sells two houses a month $$$:

Ramon Gonzalez South Florida Wholesaler
Wholesaler
Presenter Ramon Gonzalez

Here are just some of the topics we will Discover during Saturday's Workshop from Ramon presentation:

  • How to Define your Outcome, Create a Plan & Strategy to ensure Success

  • How to Align your Action Plan with you L-T Goals

  • Techniques we Currently use to buy properties enabling us to sell quickly to the largest possible number of Buyers

  • 5 Step BRAIN DEAD Marketing Plan to sell any property

  • SILVER BULLET THAT MAKES THE PHONE RING OFF THE HOOK!

  • How to Easily & Quickly Find the Most Motivated Buyers so you Never get stuck with a property and lose money

  • "Wholetailing"- Strategy on how to sell properties in 58 days and make $38,918.71 with no money, no credit, and no risk in today's market!

  • How and When to use the "5 Selling Tools on your Tool Belt" to get unstuck & rid of any property in lightning like speed.

  • Real Life Real Estate Strategies, Case Studies & Examples that work NOW!

  • Live Role Play on how we Qualify Buyers in 3 minutes or less over the phone!

  • Leave with an Action Plan on How you will put the info to Use
If you're ready to learn straight from the horses mouth from a wholesaler who is currently doing deals in your market place then...you will attend this workshop on:

When: Saturday, March 28th, 2009
from 9:00 AM to 1:00 PM EST

Where: Courtyard Marriott, Miami Lakes,
15700 NW 77th Court,
Miami Lakes, Florida 33016
Hotel Phone: 305-556-6665

(Click "HERE" for Map Location)

Payment Options:

  • MREIA Members: the EARLY BIRD entrance fee is $47.95
    1. Deadline Date: March 27th, 2009 at 5:00 PM EST
    2. Register & Pay NOW and SAVE $40.00 HERE

  • Non-MREIA Members: the EARLY BIRD entrance fee is $57.95
    1. Deadline Date: March 27th, 2009 at 5:00 PM EST.
    2. Register & Pay NOW and SAVE $30.00 HERE

  • At the Door: CASH ONLY. Attendee, regardless of membership status, must pay $87.95. Nothing else will be accepted at the door!

  • Workshop includes CONTINENTAL BREAKFAST and FREE PARKING.
Sponsorship Slots are Available. Please call 305-300-6242 and ask for Bob to Sponsor the "MREIA's March WORKSHOP"

Click "HERE" to view Sponsorship Benefits!
Note: Cut & Paste this link: http://adjix.com/rtze into your Browser if Link does not work.

Bob Burns
Mobile: 305-300-6242
Email: rkburns@investmentpropertiesmiamiflorida.com
Web Site: www.investmentpropertiesmiamiflorida.com

PS If you would like to be added to MREIA's data base or have some questions about MREIA, please contact Bob at 305-300-6242.
Note: If link does not work.Cut & Paste this link: http://adjix.com/rvxb into your browser.

0 comments • Bob Burns • March 26 2009 09:49AM

Don’t make the same mistakes I did…look for a Mentor.

After an up and down career in the corporate world, I decided I had enough and wanted to start investing in South Florida Real Estate.  After all, the baby boomers were maturing; the economy was humming along and everyone from where I'm from (Philadelphia - Home of the Eagles, soft pretzels with mustard, hoagies) wanted to retire in Florida.  I though I was real smart.  After all, I dabbled with Real Estate in Puerto Rico and was moderately successful. Man, was I WRONG! I should have gotten a Mentor to guide me!

Some of the many benefits my associates and MREIA members receive are the experience we offer them and because of the networking, the benefit of everyone else's experience.

If you are a newbie (new to real estate) having someone, a mentor, to ask questions is a blessing.  I am always saying - "Look at all the mistakes I can tell you about and how to avoid them while pursuing a deal or making a purchase." 

One of the things as a Newbie, that took me a while to grasp, was creating a business entity and team building to help achieve our objectives, reduce mistakes and limit risk.

Below is a brief outline of items you should address to help you get started in your real estate investment career or hobby:

Before you Start Looking for Deals:

    • Make sure EVERYTHING IS IN WRITING.
    • Join a Real Estate Investors Association REIA.
    • Open a Florida Corporation
      • Create Articles of Incorporation
        • Identify corporate Officers: President, Treasurer, Secretary, etc.
        • Need to declare number of outstanding shares and price per share.
    • Buy/Sell Agreement or Share Ownership Agreement.
      • Want the ability to move shares when board of directors change.
      • Make sure you have a Shotgun Clause.
        • Dictates that if you are in a partnership and the partners want to get rid of you, you have to be bought out.
    • Company Seal
    • Meeting Book
    • TAX ID # or EIN #
    • Print up Your Business Cards
    • Business Bank Account
      • Documents Needed to Open an Account
        • Drivers License with Photo
        • Articles of Incorporation
        • Certificate of Status
        • EIN #
        • Signatures of Corporate Officers
      • Bank Stamp for Deposits
    • Build Your Team
      • Real Estate Accountant
      • Real Estate Attorney
    • Business Plan
    • Attend Conventions
    • Develop A System

Next Step: Finding the Deal

Take the 1st Step with Someone!

Bob Burns

Check out our Mentorship Program Outline at:
http://www.investmentpropertiesmiamiflorida.com/?page=consulting

 

 

0 comments • Bob Burns • February 14 2009 02:21AM

Section 8 Plan Ocho 3/2.5 townhome rental, Homestead Florida

Section 8 Townhouse Rental at 2917 SE 15th Terrace, Homestead, Florida 33035. This almost brand new town home is located near HomeDepot, Walmart and Prime Outlets (Gap, Nike). Last STOP before the Florida Keys. Contact Agent Alex at 305-303-5173.

2 comments • Bob Burns • February 07 2009 01:39PM

Facebook,,MySpace...LinkedIn..Twitter..Social Media Workshop

Who Wants To Attract More Web Traffic to their Website?

Discover how to optimize your site to make it Search Engine Friendly on January 24th, 2009 at 9:00 AM EST.

Like in life, the Internet is very competitive and your website competes with everyone else on the World Wide Web. Yes, WORLD WIDE! If you don't optimize your site and drive traffic to it, your site will fall into a black hole of nothingness

Learn the same tricks the PROS use. Look folks, Search Engine Optimization SEO isn't rocket science but it takes knowledge, time and effort to streamline your website into a $money making machine$. If you don't apply these SEO techniques someone else will and you'll miss out on major paydays every day and night! That's right, Day & Night! The World Wide Web never sleeps.

In this workshop you'll learn...
  • To produce Search Engine Friendly Sites
    • Finding, Generating and Using Keywords on your web pages.
    • Meta Tags - What they are and how can you use them to your advantage.
    • Creating a web page that will produce a HIGH page ranking on Search Engines: GOOGLE, MSN, Yahoo, etc..
    • Page Content is King! Why?
  • Link Building
    • Using External and Internal links to generate traffic
    • Using Anchor Text
      • Alt Tag
      • Title Tag
  • Social Media - Using Social Media to generate additional traffic.
    • Networking Sites
    • Bookmarking Sites
    • Content Sites
  • Video - REAL HOT right now!
  • Affiliate and Joint Venture Marketing
  • And Much Much More....
If you're ready to transform your business...or get a jump Start or if you're just starting out then you must attend this workshop on Saturday, January 24th, 2009 at 9:00 AM EST.
  • The information you learn can be applied to any market, not only Real Estate.
  • Beginners, Intermediate and Experts are welcome. We need your Input!
  • A special Door Prize will be given to the person or affiliate that refers the most people to the event: A Portable Navigation System (GPS).
    • Use it to find your Real Estate Deals!
    • If link fails copy & paste: http://reviews.cnet.com/best-gps/ into your browser
  • Your instructor will be:

    SEO instructor Bob Burns. Click picture for more info. About US
    Bob Burns
When: Saturday, January 24th, 2009
from 9:00 AM to 5:00 PM EST

Where: Courtyard Marriott, Miami Lakes,
15700 NW 77th Court,
Miami Lakes, Florida 33016
Hotel Phone: 305-556-6665

(Click "HERE" for Map Location)

Note: Cut & Paste this link: http://tinyurl.com/36h6b3 into your Browser if Link does not work.

(Click "HERE" to Enter your Address for Directions to the HOTEL)

Note: Cut & Paste this link: http://tinyurl.com/33j5zu into your Browser if Link does not work.
Payment Options:

  • MREIA Members: the EARLY BIRD entrance fee is $67.00
    1. Good until the Deadline Date: Jan. 23rd, 2009 at 5:00 PM EST
    2. Register & Pay NOW and SAVE $20.99 HERE

  • Non-MREIA Members: the EARLY BIRD entrance fee is $77.00
    1. Good until the Deadline Date: Jan. 23rd, 2009 at 5:00 PM EST
    2. Register & Pay NOW and SAVE $10.99 HERE

  • At the Door: CASH ONLY. Attendee, regardless of membership status, must pay $87.99 (Nothing else will be accepted at the door)

  • Seating is Limited! - Due to the popularity of this topic, expect it to be sold out quickly! First Come First Served.

  • Workshop includes CONTINENTAL BREAKFAST and FREE PARKING.
Sponsorship Slots are Available. Please call 305-300-6242 and ask for Bob to Sponsor the "SEO WORKSHOP"

Click "HERE" to view Sponsorship Benefits!
Note: Cut & Paste this link: http://tinyurl.com/2ewtw5 into your Browser if Link does not work.

PS If you would like to be added to MREIA's data base or have some questions about MREIA, please contact Bob at 305-300-6242.
Note: Cut & Paste this link: http://tinyurl.com/2ora4n into your Browser if link does not work.

7 comments • Bob Burns • January 21 2009 08:03AM

P.S. to my previous blog today: Teleseminars and Webinars - Do them Successfully

P.S. I forgot to add this from my previous blog today.   I am having a webinar tonight, Thursday, November 20th, 2008 with Tom Nardone, "Millionaire Mailman" on Option Auctions.  Call me at (305) 300-6242 or Toll Free at (866) 938-4308 or email me at rkburns@investmentpropertiesmiamiflorida.com for more info.

Here is the teleconference information:

Here's the information for the call:

Dial in 8:00 PM EST for MREIA's Tele-Seminar on Option Auctions!

Dial In Date: Thursday, November 20th, 2008

Dial In Times:

8:00 PM EST
7:00 PM CST
6:00 PM MST
5:00 PM PST

Dial In Number: 712-432-9998
Passcode: 392064#
(Make sure you enter the Pound Key)

Bob Burns
www.investmentpropertiesmiamiflorida.com
SEO Lies

0 comments • Bob Burns • November 20 2008 11:09AM

Teleseminars and Webinars - Do them Successfully

I do teleconferences and webinars to disseminate real estate advice, promote products, services and properties or fire people up for the Miami Real Estate Investor Association MREIA monthly meeting www.miamireia.com.  The idea is to promote these events to maximize the number of participants and maintain them throughout the event. Dropped calls mean a less successful promotion or educational event.

I am still learning but here are a few things to consider if you are planning to implement one in the near future:  

  • Use an 800 number to allow your potential clients to dial-In.  Toll FREE Baby!
  • Present before, throughout and after the call an URL of a landing or squeeze page to order product, services or get additional information.
  • Display or mention an 800 number for people who are on the teleconference or webinar event:
    • In case they are traveling and don't have access to the internet.
    • Don't like entering their Credit Card # over the internet.
    • Technical difficulties like a server crashing due to sudden traffic.
    • Problems with PayPal.
    • Customer needs additional information and wants to speak with someone human.
  • Consider how long your presentations are going to be.  Cell phone batteries are good for an hour or so.
  • Make sure there is a list of the people who registered for the event and participated on the webinar or teleconference call containing their contact information like email, telephone, cell, etc.
  • Implement a follow up process after the presentation is over to capture additional sales or answer questions the next morning.  You may want to outsource this!  Contact me if you want additional information about this.
  • Offer a replay and make sure there are a landing page and an 800 number with live people if they decide to order after reviewing the replay.
    • This means you must have a system to record the live event.
  • Do you have a system in place for marketers with contact lists to joint venture (JV's) your event?  The more the MERRY!
  • How are you going to promote the teleconference or webinar? Email, Websites, Landing Pages, Video, etc.
  • Offer incentives like: gas card, free membership to MREIA, etc. for all participants. An ethical BRIBE!

Bob Burns
www.investmentpropertiesmiamiflorida.com
SEO Lies

 

 

 

3 comments • Bob Burns • November 20 2008 08:48AM

Finally Answer to question 10 from Blog about TOP TEN Rehab items....

10) Never paint Latex paint over oil base paint. What happens?

Answer: 

  • Latex paint painted over oil-based paint without a primer will come off if you try to clean off dirt, finger prints, etc. 
  • Use of water-based latex paint over more than three or four coats of old alkyd or oil-based paint may cause the old paint to "lift off" the original surface (peal).
4 comments • Bob Burns • November 14 2008 11:26AM

Answer to question 9 from last Sunday's Blog about TOP TEN Rehab items....

9) To make sure there are no surprises, make sure the property you are rehabbing, the mail is sent to your place of business. Hint: tax payments, lien violations, etc...

Answer: I purchased a major rehab in Miami Florida that had a collapsed roof, fire damage, etc.  You name it, it had it.  In the long run, it turned out to be one of the best learning experiences I had while working in the Rehab Business. 

Main House of the Duplex Front View    This was an interior photo after I purchased it.

Anyway, I neglected to forward the property's mail to my business address.  I just forgot about it.  As it turns out, there existed an unsecured structure lien from the City of Miami, Florida.  This type of lien accumulates $250 per day and this property was abandoned for a long time! My title company for some reason missed it or I missed something during the closing (Rookies!). 

So anyway, I didn't have clear title. The City was sending out notifications but I was not receiving them because I didn't have the mail forwarded. 

By the time I found out about it, the fine accumulated to $500K.  It was more than the value of the property! Image my surprise and heartache. 

I finally resolved the problem but that is a future blog as to how I managed that.

 Main House Front View Finishing Touches
Front View after some rehab work!

Bonus:  FREE Wholesaling ebook and other bonuses: robertkburns.com/recommends/learntowholesale 

Bob Burns
www.investmentpropertiesmiamiflorida.com

8 comments • Bob Burns • November 01 2008 08:02PM

Answer to question 8 from last Sunday's Blog about TOP TEN Rehab items....

8) Get a C.L.U.E. report before you purchase a property? What is this? Hint: Provides history. www.choicetrust.com

Answer:  Did you ever go into a house or property and have a feeling that something happened to this structure but it is difficult to pinpoint.  Here are some ideas to help you with this feeling:

  • Speak with the neighbors to see if they can recall anything about the structure in question. Fire, Flood, etc.
  • Go to the county where the structure is located and see if they can provide you a historical archive of the property.  History of violations, liens, permits pulled, etc.
  • Purchase a C.L.U.E. ® (Comprehensive Loss Underwriting Exchange) Report - The C.L.U.E. ® Personal Property report provides a seven year history of losses associated with an individual and his/her personal property: flood, fire, etc...

Bonus:  FREE Wholesaling ebook and other bonuses: robertkburns.com/recommends/learntowholesale

Bob Burns
www.investmentpropertiesmiamiflorida.com

5 comments • Bob Burns • October 27 2008 12:56AM

Answer to question 7 from Sunday's Blog about TOP TEN items....

7)  When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for?

Answer: Insurance companies and state counties will grandfather in single family homes that are not up to existing code regardless of the home's age.  If you decide to refinance the home or pull permits to rehab it, the home's age may become an issue. The age of the home starts to become a factor when it passes its thirtieth birthday.   Some counties have different age parameters but you get the idea. 

Insurance companies want to make sure the house has been brought up to code before they issue an insurance policy.  During a Four Point Inspection the insurance company looks at the following to see if they have been bought up to code and functioning:

a) Roof

b) Electrical

c) Plumbing

d) Heating & A/C systems

P.S. Make sure you have the water and electric turned on at the time of the inspection.

Bonus:  FREE Wholesaling ebook and other bonuses: robertkburns.com/recommends/learntowholesale

Bob Burns
www.investmentpropertiesmiamiflorida.com

0 comments • Bob Burns • October 25 2008 05:56AM

Answer to question 6 from Sunday's Blog about TOP TEN items...

6) While purchasing a bathtub, make sure you are buying the correct one. Hint: Right & Left.

Answer: When rehabbing a simple bathroom, nothing exotic just a bathtub with water and shower fixtures, make sure you know what you are about to tackle. 

The old style bathtubs are heavy and usually sealed on three sides by ceramic tiles and caulk.  The intersections between the wall, the tub, tiles and water fixtures are areas of water intrusion and can be easily damaged during the bathroom's rehab.   

If you determine that you can't avoid ripping out the old tub and need to purchase a new bathtub, make sure you note which side the bathroom fixtures are on; right / left.   From  personnel experience I never did that.  I purchased the new bathtub, had it delivered, ripped it out of the box and slid the tub into place.  Imagine my surprise when the holes for the water fixtures where on the opposite side of the tub!  Man was I upset.  I couldn't just turn the tub around because of the way it was designed for intersecting the three walls.  I had to take it back!  More work, time and money!

Bonus:  FREE Wholesaling ebook and other bonuses: robertkburns.com/recommends/learntowholesale

Bob Burns
www.investmentpropertiesmiamiflorida.com

0 comments • Bob Burns • October 24 2008 03:39AM

Answer to question 5 from Sunday's Blog about TOP TEN items...

5) Make sure the run numbers match while purchasing tile, especially from an overseas manufacturer. Why?

Answer: I ordered tile from Home Depot via Spanish manufacture, for a property I was rehabbing.  I like to place tile floors on properties we are going to rent for maintenance reasons. 

The tile was delivered and we hauled the boxes inside the house.  This is no mere feat!  I mean after the fifth box I was sucking wind.  Well after we laid the first pallet, we moved onto the second.   The tiles from the second pallet were a little bit bigger than the first pallet.  This difference would throw off the tile alignment. So, here were my choices:

a) The contractor could compensate for the difference.
b) I could return the second pallet and purchase a pallet with run numbers that matched the run numbers from the first pallet. (Forget Get It!  I was not going to haul those boxes anywhere.)

So here were My Lessons learned from this adventure:

1) Hire a good contractor to lay and seal tile flooring!

2) Be sure that when you purchase items in large quantities, their run numbers match.

3) Caution when purchasing items from overseas manufacturers.

Bonus:  FREE Wholesaling ebook and other bonuses: robertkburns.com/recommends/learntowholesale


Bob Burns
www.investmentpropertiesmiamiflorida.com

 

2 comments • Bob Burns • October 23 2008 07:20AM

Answer to questions 3 and 4 from Sunday's Blog about TOP TEN items...

Here you go....

3) 50% Rule. What is this?

Answer: Most counties in the U.S. require that if you are spending more than 50% of the assessed value of the property being rehabbed you will need architectural plans prepared by a certified architect (OUCH!), special permits and engineer certifications, etc. to continue bringing the property up to code.  SHOW ME THE MONEY!

4) Don't install your Central A/C Unit in the kitchen area. Why?

Answer: There are two parts to a standard air conditioning (A/C) system.  The compressor and the air handler.  The compressor is outside and the air handler is inside the home. The air handler controls the air distribution inside the home via a thermostat (you know, the little box on the wall).  Based on thermostat settings and the air temperature inside the home, the thermostat will turn the A/C system ON or OFF.

Kitchen temperatures will vary during the day. If you park or install the A/C's thermostat inside or near the kitchen, it will follow the air temperatures occurring inside the kitchen.  Can you see what problems are going to occur? ON/OFF all day costing you DINERO (MONEY for you non-Spanish speakers), etc.  

Bonus: www.robertkburns.com/recommends/learntowholesale <=== Download Preston Ely's FREE eBOOK - "Learn to Wholsale".
(If link fails cut & paste this link: http://tinyurl.com/learntowholesale into your browser)

Bob Burns
www.investmentpropertiesmiamiflorida.com
 

0 comments • Bob Burns • October 21 2008 08:22AM

First 2 answers to the Ten Things to be aware of while rehabbing a Property...

These answers come from personnel experience while rehabbing properties: 

Here are the answers to the first two items from the Sunday's TOP TEN Blog:

1) While demolishing a property, rehabbers will order a dumpster. The City/County knows when you order one. Could this be a problem? Why? 

Answer:  You may start demolishing the property before you pull permits.  This is a NO NO! When you pay your fee for the dumpster, the county is notified by the dumpster company.  Besides, there is a huge and ugly container on your property.  Any county inspector can pull up and ask for copies of the pulled permits.

P.S. The neighbors will start helping themselves by dumping their unwanted garbage into your container while you and your crew are not there.

2) You may need to upgrade the electrical drop and service if you find a house that is using GAS and you want to change to everything to electric. Hint: AMPS

Answer:  There are still many homes that have gas, which is OK, but it may not have the following electrical systems:

  • Heating or Air Conditioning
  • Electric Range
  • Hot Water Heater
  • Dryer    

These systems require increased AMPS (220 lines) to run correctly which most gas homes may or may not have.  While estimating the conversion from GAS you must check the following items to help calculate your rehab costs:

  • Does my current electrical service have enough AMPS to support the conversion?  If not you need to upgrade your current service. Money...Money...Money...MONEY!.
  • The local drop from the electric company to your home or investment property may need to be upgraded to provide the additional flow of current.  Contact your local electric company for help.

Bonus: FREE Ebook - Learn to Wholesale Properties.
www.robertkburns.com/recommends/learntowholesale <=== Download Preston Ely's FREE eBOOK
(If link fails cut & paste this link: http://tinyurl.com/learntowholesale into your browser)

That's it for now!
Bob Burns
www.investmentpropertiesmiamiflorida.com

 

5 comments • Bob Burns • October 20 2008 09:04AM

Ten Things to be Aware of while Rehabbing a Property and free..

I wrote this article to make you think about the answers. Some of answers are going to be common sense but I tried to make you think a little before answering them.

Ten Things to Be Aware
of While Rehabbing a Property

  1. While demolishing a property, rehabbers will order a dumpster. The City/County knows when you order one. Could this be a problem? Why?

  2. You may need to upgrade the electrical drop and service if you find a house that is using GAS and you want to change to everything to electric. Hint: Amps

  3. 50% Rule. What is this?

  4. Don't install your Central A/C Unit in the kitchen area. Why?

  5. Make sure the run numbers match while purchasing tile, especially from an overseas manufacturer. Why?

  6. While purchasing a bathtub, make sure you are buying the correct one. Hint: Right & Left.

  7. When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for?

  8. Get a C.L.U.E. report before you purchase a property? What is this? Hint: Provides history. www.choicetrust.com

  9. Forward all the properties mail to your business address. Reason?

  10. Never paint Latex paint over oil base paint. What happens?

BONUSES Plus:

Preston Ely's Learn to Wholesale Banner
robertkburns.com/recommends/learntowholesale <=== Download Preston Ely's FREE Learn to Wholesale eBOOK plus BONUSES (If link fails cut & paste this link: http://tinyurl.com/learntowholesale into your browser)

No Tissues for Issues,
Bob Burns
www.investmentpropertiesmiamiflorida.com

2 comments • Bob Burns • October 18 2008 07:48PM