Archives for: November 2008, 05
How To Eliminate Negative Cash Flow
November 5th, 2008In literally thousands of deals that we have published on the network of Real Estate Resources websites, I have discussed a concept of how to completely eliminate negative cash flow.
I have even showed you how to eliminate negative cash flow if you are putting absolutely NOTHING DOWN when you buy and this strategy works especially well in our current financial and credit markets where, it seems, little makes sense. In fact, I would say that in our current credit market where it is becoming increasingly harder for the average person to qualify for loans, this strategy is even better since it fills a void and adds value to market.
What is this strategy? Well, you can go read through the various deals I've analyzed or take a short cut and download the a free 30 minute interview of me discussing it for some real estate wholesaling clients.
To download the audio, just register for an account and login (there's a video that explains how on that page and it is completely free). At the bottom of the page after you log in is a link to Training Materials including this audio called Eliminating Negative Cash Flow and access to dozens of other training materials for real estate investors in the Wholesaler Control Panel.
So, whether you are an investor wanting to learn how to eliminate negative cash flow on properties you buy and rent, a wholesaler looking to be able to sell more deals by teaching your buyers how to do this or an agent who wants to sell more deals to investors by teaching this... download the audio now and start eliminating negative cash flow today.
Until my next post,
James
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$78.99 Per Square Foot in Cedar Rapids
November 5th, 2008Here's another Cedar Rapids property that was submitted by a user that we will use as a teaching tool for our Cedar Rapids, Iowa Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 261 22nd Ave SW, Cedar Rapids, IA 52404.
This 3/1.00 1,152 square foot property has an asking price of $91,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $109,200 (120%) | $94.79/square foot |
| $104,650 (115%) | $90.84/square foot |
| $100,100 (110%) | $86.89/square foot |
| $95,550 (105%) | $82.94/square foot |
| $91,000 Full Price | $78.99/square foot |
| $86,450 (95%) | $75.04/square foot |
| $81,900 (90%) | $71.09/square foot |
| $77,350 (85%) | $67.14/square foot |
| $72,800 (80%) | $63.19/square foot |
As you can see from the table above, if you know what a typical Cedar Rapids property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Have you ever wondered just what it will take for you to become a successful real estate investor in Cedar Rapids? The powerful influence of a personal mentor can make the diffenece between reaching your goals and constantly falling short of them. Find out what mentoring is all about and learn where to start in looking for your own personal real estate mentor in Jassen's CD: Personal Real Estate Mentor. It may be that a little personal leverage and one on one teaching are just what you need to succeed.
Keep on investing Cedar Rapids,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!