June 19, 2009
We have finished the filming and editing of part one of our new video series, "Make Me An Investor" and you can watch the video by clicking HERE. Follow us on twitter and you'll get updates when we upload a new video.
As we work through this particular REO rehab project in Southern California, we will be filming the progress and posting the videos on our video series page, so be sure to watch them and stay tuned. It will be a great learning experience and lots of fun too!
William Barnard is Managing Partner of Nationwide Property Investments, LLC. Will has participated in millions of dollars in real estate transactions and has experience in nearly every aspect of real estate investing, including rehab flips. Join our FREE Membership on our Membership page and start or continue your journey to creating wealth through real estate!
June 18, 2009
Our Granada Hills REO rehab project is moving along. Today, I took delivery of the roll-off dumpster for all the trash and demo debris. We also started the demo work on both the interior as well as the landscaping. Trees were trimmed back, bushes removed, etc. On the inside, we took down the pony wall in the living room, removed the old style wood paneling in the living room, and started the demo on the bedroom walls where we will adjust the closets (details to follow. Much of the demo work and debris was hauled into the dumpster which was placed in the front driveway. We are off to a great start!
I also finalized the timelines with the contractors as well as lined up some electrical work/planning to be done on Friday. My partner and I took a break for lunch and met a couple of fellow investors for lunch at the Bear Pit which is right around the corner. I have met several investors there, including one from BiggerPockets (You know who you are). Boy do they have great BBQ! Anyways, one of my friends we had lunch with was Rosie Nieto who runs a great real estate investment club in Los Angeles called the naked Real Estate Investors Club, "The bare truth about RE investing". We had a great time and she confirmed us as her guest speakers again for this August's meeting. All you local CA investors should come and check out her club and us speak! Her last meeting was a blast!
The best part about today was the video filming started and we got many great shots and footage which will be professionally edited and completed by Thursday, and then posted here and on our website shortly after. Let the videos begin!!!!! Stay tuned for my next post on this rehab project, as it will have real life videos of us in action.
June 16, 2009
We were scheduled to close today with the Granada Hills, CA REO Rehab flip, as all the funds have been wired into escrow (last week), and all the documentation has been signed (no loan docs as it is all cash). Unfortunately, the people working for this bank and their escrow company have their heads up their (well you know the saying). My broker just emailed me the HUD which he JUST now received (we have been requesting it for a week now) and stated that in ALL his years dealing with REO's, these people are the biggest idiots he has ever come across. Oh well, guess we close Tuesday (I hope).
So I planned on doing some of the exterior demo today but could not as I don't officially own it yet, but I went there anyways to get a head start. First thing I did was water the lawn (on the banks dime!) and then I started cleaning off the roof which was full of leaves and pine needles that appear to have been up there for several years. I used a large push broom for some, but the best was the blower which blew that crap right off the roof. It was kind of fun, but dusty.Next, I trimmed the many tree branches which were hanging down over the driveway, over the roof, and over the front yard. They were low enough that you could hit your head on several of them. After that, I cleaned up the area, stacked the branches in a nice pile and filled up the trash cans with the debris. I spent about 2 1/2 hours there all together and the end result was a much more appealing look from the curb. You now have a clear view of the house from the street, as before, the view was blocked by the low hanging tree branches.
Assuming we close tomorrow, & it does not rain, I will start ripping off the wood paneling on the house in the back yard and hopefully get to the front as well. Once complete, the window installers go first, then the stucco guys go next. The two front windows facing the street are going to be ripped out and I will have the areas re-framed to hold a 3' X 5' replacement window rather than the long vertical existing ones. It will make for a much better curb appeal from the exterior and more wall space in the two bedrooms on the interior. I also will have the roll-off dumpster delivered so that all the demo trash can be tossed into there for easy storage and haul off.If it does rain, I will start on the family room wall demo work & the dining room wood paneling removal to get a head start on the interior. If I have time, I will also start on the bathroom demos which will involve removing the shower doors, removing the tub, removing the existing floor and tub tiles and removing the existing old and ugly cabinetry/sinks.
Photos and videos to follow. The video footage starts tomorrow. I am very exited about that. Videos will be posted here on my BP blog as well as on our website/blog - stay tuned!
We're very excited to announce that we will be able to add additional students to our new program "Make Me An Investor." Will usually handles our rehab projects and I take care of our out of state investments, however I was able to free up some time allowing us to add one or two additional serious and dedicated people who want to become real estate investors who are committed to success.
Work with us as we complete one of our own rehabs. We successfully complete these deals regularly. Not only will you be part of our current rehab but we will train you how to do the same, and give you the tools needed so that you can replicate it in your own area.
Contact Us for more details.
And Be sure to follow us on Twitter for updates on our personal rehab project in Los Angeles.
Michael Gier - Managing Partner of Nationwide Property Investments, LLC
And the candidiates are . . . . .
Not quite yet, the public will have to wait just a bit longer. The selected candidiates are being informed via email as we speak as to their selection into our program. They each have a deadline to meet which is Monday at 3 PM. Once we have all of our selected candidates meet their given deadline, I will publically announce who they are. This will take place on Monday, sometime after 3 PM Pacific time.
We are setting up times and dates for our videos to be recorded so that each of you can follow the rehab project as well as follow the progress of our students. We are working on something very special and top secret and it will also be announced in the near future so stay tuned for that as well.
To be continued . . . .
Over the years, my partner and I have encountered several situations, problems, and scenarios in the landlording business. As such, we have created checklists to help guide us and remind us to do certain tasks for certain things. They have become very useful resources for our business.
This morning, I received a call from one of my property managers in San Antonio, TX who informed me that one of my rental homes, which just recently had a tenant move out from (and left it in great condition) had the toilet break and water continued to spill out over a 24 hour period. It flooded the floors into the livingroom and two of the bedrooms! What a mess. I now have him contacting my insurance to file a claim and get it fixed ASAP so the home will be ready for the next tenant.
The moral of this particular story is a reminder to all landlords. The second a tenant moves out, have your property manager (or yourself if you self manage) turn off the water valve to each toilet in the house, or better still, turn off the main valve to the house, so that if anything does break, no water would come out and damage your property. This is one item we did not have on the list, it is the first time it has ever happened and it will be the last due to the addition of the task to our checklist.
We are looking for ONLY four (4) serious and dedicated people who are wanting to become real estate investors who will be committed to success. If you are one of those 4 people, please Contact Us for an interview. Not all applicants will be accepted and you MUST be serious about success.
In this 8 week program we will teach you how to locate the deal, negotiate it, build your team, fund your deal, deal with contractors, and finally the exit process so you can cash your check! Never before have we offered this opportunity and it won't last. This is the perfect market for it anywhere in the country. So what is the catch you might ask? No catch other than you pay us for our services. If you don't make enough money to cover all your costs and have double that for your own profit, you will ONLY have one person to blame - YOURSELF. We successfully complete these deals each month and will train you how to do the same, right along with us. No costly mistakes on your part, no long periods of time building teams, use us and our network of professionals to profit from your very first deal! Do not delay as we will only have time to take on 4 people for this excellent opportunity! Stop the excuses. Get started making money investing in real estate today!
Be sure to follow us on Twitter for updates on our personal rehab project in Los Angeles.
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