Wednesday, November 19, 2008

The New Real Estate Investing Model " Build Net Worth !!! "

Hello every one, my name is Jay Washington and I decided to start a blog to let every one know about my real estate investing consulting services. This blog will ultimately show case deals that are available here in Florida, my home state. I will also be offering my opinions and philosophy regarding real estate investing and ways to build your wealth in real estate regardless of the market conditions.
Personally I believe that in the real estate investing business, men/women should recognize the many ways to make money in investing in real estate. As entrepreneurs, we ought to be able to see deals in places where the average person sees problems. This is why we are entrepreneurs, because we have a 3rd eye or perhaps a 6th sense when it comes to opportunities in real estate.
I do not have a real estate license but I hire people that do. I also have a real estate attorney, a banker and an accountant who are personal friends of mine with whom I work with. This means that we became friends before we ever done business together. This is the best practice. Let me explain further. For the services that I receive from my friends during casual conversation, they probably would bill their clients 25 to 30 bucks an hour. Basically I’m saying that having some friends in these professions would save you money and keep you in the network of professionals.
Let’s talk about investing in the real estate market, particularly the Florida market. 1st let me give you guys a quick rule of real estate. Real estate is local in market. This means that real estate conditions in your city or county my experience different conditions than that of neighboring cities or counties. For instance, let’s look at the price of gas. Gas is forever increasing and therefore affecting how people are buying homes. The way it is affecting how people are buying homes is that people who want to purchase homes are buying them closer to their work place. Because they want to purchase their new home closer to work, homes may sale quicker if located near major metropolitan areas. As a result, homes that are further away from major metropolitan areas may be on the market for longer periods of time.
So, let’s get to the meat and potatoes of my blog. In this blog I will be introducing opportunities for individuals to build net worth. I say build net worth because in most cases that is what you will be doing. This is how the rich got rich. This is not a blog about becoming rich over night or how to “cash out”. In the business environment particularly the banking industry, you are measured by your net worth. Net worth = assets – liabilities. For instance, if you are in debt 50k and suddenly you own something that has 250k worth of equity, then you would have a net worth of 200k. Basically that’s it. What I do is find property with equity and leverage the equity and repeat the process. So that’s it, from here I will be posting deals on this blog for anyone to view. I will offer assignment of contract to anyone who is interested.

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