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    <title>Jeremy Burgess's (detroitmarketexpert) Blog</title>
    <link>https://activerain.com/blogs/detroitmarketexpert</link>
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      <guid>https://activerain.com/blogsview/1612640/everyone-is-in-sales</guid>
      <title>Everyone is in sales</title>
      <description>Whether you are a small business owner, corporate employee or even  unemployed, you are in sales.  Everything you do involves sales and the  better you are at sales, the better your relationships will be, the more  money you will makes, and the quicker you will advance in your chosen  business or profession.  Because of this it is important that you work  on and hone your sales skills on a daily basis.
I think the challenge most people face is the perception that sales  is somehow bad or deceitful.  The image of the cigar chomping used car  salesman comes to mind.  Some feel that to sell is beneath them or they  worry about how people will view them.  The reality is that sales is  form of persuasion.
One of my favorite books on sales is “Little Red Book of Selling” by  Jeffrey Gitomer.  While there are many good and even great books on  selling, this book is very succinct, easy to read, and covers the “meat  and potatoes” of sales.  In it Jeffrey Gitomer covers his 12.5  Principles of Sales Greatness.
Kick your own ass.  Motivation and inspiration is your  responsibility, no one else’s.
Prepare to Win, or lose to someone who is.  Winning requires a plan  and preparation.  It doesn’t happen by itself.
Personal branding is sales: It’s not who you know, it’s who knows  you.  Be known as an expert in your field.  Be known as a resource for  your friends and clients.  Be known as a hard worker who cares about his  clients.
It’s all about value, it’s all about relationship, it’s not all  about price.  If price was only ever the option, only Kia’s would be  sold and no one would own a Mercedes.
It’s not work, it’s network.  You don’t live or work in a void.   Meet people, talk to people, help people.  Get out there!
For more visit Jeffrey  Gitomers website and buy his book “Little Red Book of Selling”.  It  only costs $20 and it is the best I have found to date.
Bottom line, you’re already in sales whether you want to be or  whether you think you are or not.  Becoming a better persuader is key to  your success in all areas.
Be a Renegade, Jeremy Burgess
Detroit Real Estate market Detroit investment properties Free Report on Detroit foreclosure investing "how to" Detroit foreclosure analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 22 Apr 2010 02:39:03 -0700</pubDate>
      <link>https://activerain.com/blogsview/1612640/everyone-is-in-sales</link>
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      <guid>https://activerain.com/blogsview/1565105/keep-motivated</guid>
      <title>Keep Motivated</title>
      <description>My last blog I spoke about the importance of setting goals and the  amazing effects it can have on your life.  Almost as important is  motivation.  You need as much motivation as you can get.  Personally I  pour motivation into my mind all day.  First thing in the morning I read  famous quotes.  I have motivational cds that I listen to when I drive  and I work out.  I also read books and watch motivational movies.  I’m  sure some of you are thinking I’m a little crazy!  Let’s face it some of  our goals are difficult and take quite some time to accomplish.   Without daily motivation we might not get there.  Take time out of your  day everyday to fill yourself with motivation.  And remember that  motivation runs out fast so always keep some around to get where you  need to go.
Be a Renegade, Jeremy Burgess
Detroit foreclosure properties Free Report  on Detroit real estate "how to" Detroit Real Estate analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 25 Mar 2010 05:17:48 -0700</pubDate>
      <link>https://activerain.com/blogsview/1565105/keep-motivated</link>
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      <guid>https://activerain.com/blogsview/1533955/the-importance-of-goals-in-life</guid>
      <title>The Importance of Goals in Life</title>
      <description>Many motivational speakers, business gurus, and parents if you are lucky, talk about the importance of having and setting goals in life. I personally ignored goal setting for a long period of my life. And the goals I did have later in life I didn’t even bother to write down. It’s interesting that as human beings we don’t do the things we know is important to our health, wealth, and life.
I’m guilty of it myself. For the last six months I haven’t written a goal or even looked at my old written goals. Gee, I wonder why I haven’t made the progress in my business and my personal life that I would like recently.
For those of you who doubt the importance of goals, I recommend you look at it from a different perspective. You are going on vacation and your car is packed and the gas tank is full. The problem is you don’t know where you want to go. Maybe you have an idea on where you want to go but you didn’t bother to pick up a map. Yeah you might get there but odds are you are going to have a challenging time doing it.
Of course there is the other side of that coin. You plan your vacation in an advance, print maps and even book hotels and events. My wife falls into this category. However, you give little to no thought about what you want to achieve in your life.
Specific written goals provide the road map to success for your life. They give you a focus and a direction to put your effort and energy behind. Now, instead of driving around lost and confused in life, you have a destination and a map on how to get there.
People ask me all the time about my success as a real estate investor. How did you do it? I’ve had many answers as I have progressed in my real estate investment career and it amuses me how much simpler my answer becomes as I become more experienced.
My success or lack of success has always been tied to specific written goals that are reviewed daily with some form of accountability. You can track my successes and failures by how closely I did the above.
If you are struggling to get started or maybe have hit a plateau or worse, you are in the bottom of the canyon and you have to climb your way out… maybe it is time to put some goals to paper. I promise you won’t regret it.
For help on getting started I have included a link to an article written by Tony Robbins on Goal Setting.
Be a renegade,
Jeremy Burgess
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Detroit foreclosure properties Free Report on Detroit real estate "how to" Detroit Real Estate analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 08 Mar 2010 02:03:10 -0800</pubDate>
      <link>https://activerain.com/blogsview/1533955/the-importance-of-goals-in-life</link>
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      <guid>https://activerain.com/blogsview/1286424/the-age-of-individual-responsibility-is-here-</guid>
      <title>The Age of Individual Responsibility is Here!</title>
      <description>&amp;lt;!-- .entry-meta --&amp;gt;
Change comes fast in the world we currently live in and the rate of change is increasing exponentially. There was a time not too long ago where the smart thing was to go to college and graduate and get a nice safe job at a large corporation and work there your whole life. Your employer would take care of all of your medical expenses as well as your retirement. All you had to do was work hard and remain loyal for 30-40 years and the rest was taken care off.
That time passed about 20 years ago and every year since it has become even more obvious. No some would argue that we are in the Information Age. If you possess the correct information and education, you are ahead of the game. I agree that the Information Age is among us but I disagree that information and education are all that you need to succeed in the brave new age.
Since 2007 millions of people have been laid off, have had their retirement accounts reduced by half, lost medical and dental benefits, and many lucky enough to keep their jobs have taken large pay cuts to stay employed. The cold hard facts having been staring us in the face for quite some time but recent economic challenges have made them even more apparent. Corporations are no longer loyal to their employees, profit comes first and foremost. Government will not take care of your retirement, your children’s education, or make sure you are treated fairly by your employer.
Worse yet, many corporations have swindled their employees retirements as they went down the tubes forcing many seniors to leave retirement and find employment wherever they can. The cold hard truth is that it isn’t even corporate Americas or the governments fault. We let them do this to us by putting ourselves in a position where we had little or no control.
I know for many this is a bitter pill to swallow but it doesn’t make it any less true. The bottom line is that for our dreams, retirements, medical and dental needs, children’s education, and ultimately our security; we must step up and take responsibility. It’s obvious that nobody else will so it is left up to us.
The age of Responsibility is upon us whether we like it or not. Yes we must educate ourselves but we must also take control of our future. Now is the time to take calculated risks. Now is the time to buy rental property, start a small business, become an independent contractor; anything and everything that swings control of our future back into our hands and away from those that do not care.
Even in this economy there are abundant opportunities, especially in real estate, to take control of your future.
Be a Renegade, Jeremy Burgess
Detroit foreclosure properties Free Report on Detroit real estate "how to" Detroit Real Estate analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 15 Oct 2009 03:30:58 -0700</pubDate>
      <link>https://activerain.com/blogsview/1286424/the-age-of-individual-responsibility-is-here-</link>
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      <guid>https://activerain.com/blogsview/1120130/seller-finance-and-make-huge-profits-</guid>
      <title>Seller Finance and Make Huge Profits!</title>
      <description>Few will argue that the current real estate market is in a dark place and that the old ways of making money have passed. While this may be true, there is a sea of opportunity for real estate investors who are willing to innovate and solve problems. Currently, most 1st time home buyers who would like to by a home are experiencing great difficulty securing financing.
You can be the bridge financing that paves the way to home ownership and you can profit greatly from it. President Obama and Congress passed a law in an effort to kick-start the real estate market making seller financing extremely attractive and profitable to real estate investors. Any first time home buyer will receive a dollar-for- dollar tax credit for 10% of the sales price of their new home purchase up to $8,000. IRS Website - $8,000 tax credit.
You can also have your 1st time home buyer assign their tax credit to you as additional down payment on your house. Most buyers have $2,000-$3,000 to put down and if you add the $8,000 tax credit you now have a $10,000-$13,000 down payment! I know I feel more comfortable seller financing my property with such a large down payment.
You can either sell your house on a land contract or you can give the buyer a mortgage. Make sure you document their payment very well. Insist on checks, money orders, or cashier’s checks and keep copies of the cashed checks as well. You will need this in order for your buyer to qualify for a refinance to pay off your loan more quickly. If needed, enroll your buyer in a credit repair program to ensure that they can qualify for a refinance quicker.
Opportunity exists right now for those who can solve problems and the profits are worth the effort. For those of you who are Renegade Detroit Investor members, I have posted a step by step process for how you can have your home buyer’s tax credit assigned to you on our member’s only website. The money is always in the solution.
Now quit whining and go out there and crush some deals!
Be a Renegade, Jeremy Burgess
Detroit investment properties Free Report on Detroit foreclosure investing "how to" Detroit foreclosure analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 18 Jun 2009 03:45:07 -0700</pubDate>
      <link>https://activerain.com/blogsview/1120130/seller-finance-and-make-huge-profits-</link>
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      <guid>https://activerain.com/blogsview/1106521/detroit-is-the-new-frontier--the-gold-rush-is-on-</guid>
      <title>Detroit is the new frontier, the Gold Rush is on!</title>
      <description>I can’t help but think of Detroit as the Wild Wild West of the 21st century. Driving around Detroit always makes me feel like I’ve just discovered a new land where anything is possible. With over 80,000 acres of urban prairie and 40,000 houses that need to be demolished, Detroit is where American really has a chance to start over.
It’s impossible to ignore all of the changes in the world and with a stronger and more competitive global market, Detroit was the last Industrial Giant to fall. While others see times past and lost former glory, I see a blank canvas just waiting for the right people to build something great.
Like the great westward migration after the civil war, the Oregon trail, or should I say the Detroit trail, is lonely path filled with hardship and failures, and like the wild wild west, Detroit offers the dream of a fresh start and a new life of opportunity. By no means am I suggesting that everyone who comes will succeed or that the path is an easy one free of obstacles. To me, Detroit is the last and best place to bet big and win, making all of the sacrifices and hard work worth the risk.
For those of you who believe I’m being naïve and idealistic I would like to point out that I’m not the only one who believes in this new frontier. Many artists are moving to Detroit and forming artist communities due to the low cost of housing and living. Here artists have the choice to not compromise when it comes to pursuing their dreams. A recent NPR article and broadcast tells their story.
Jonathan Mahalak, a blogger for the Chicago Reader recently published an article discussing how Detroit is the most democratic city in America where residents are rebuilding communities in their own vision of what a neighborhood should be.
The gold rush I’m writing about isn’t for gold – it’s for the less tangible rush for hope of a brighter future. It’s the last place in America where those with a pioneering can-do spirit can venture out to a new beginning; a new beginning that overcomes social and economic barriers with the chance to make a change with little to no regulation. No Uncle Sam monkey on your back telling you what to do and how you make it.
For those with guts and determination, Detroit is the wild wild west and with them lies our best and brightest hope for a new age and a new America.
Make your life uncomfortable, Jeremy Burgess
Detroit investment properties Free Report on Detroit foreclosure investing "how to" Detroit foreclosure analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 08 Jun 2009 03:55:43 -0700</pubDate>
      <link>https://activerain.com/blogsview/1106521/detroit-is-the-new-frontier--the-gold-rush-is-on-</link>
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      <guid>https://activerain.com/blogsview/1085067/embracing-change-in-our-current-economy</guid>
      <title>Embracing Change in Our Current Economy</title>
      <description>Not many of us remember what it was like to have one job for your entire career but your Grandparents do. Your mother and father have more than likely have had several jobs and changed careers multiple times. Our generation is faced with the reality that few jobs or careers will provide any long term stability or retirement. We live in a world of change and the rate of change is accelerating.
Gone are the days where you could shun technology, social, and economic change and stick to the path you have started on. The days of security with an employer for retirement and certainly any meaningful contribution from Social Security have long passed. The rules have changed and they will continue to change.
To survive, succeed, and thrive in today’s world requires embracing and anticipating change. We need to look forward to change and treat it as a gift that allows us to reach our goals and aspirations faster. We must also seek to foster the change we want to see. Our entire future as a generation demands that we not only accept and embrace this change, but that we also foster a culture with our children to do the same.
To many this will seem counter intuitive and human nature is such that most don’t change until the pain of staying the same is greater than the pain of change. Wouldn’t now be a time to change that? Wouldn’t now be a good time prepare for the change that is here and the change that is certainly coming? If you know your job most likely won’t be here in 30 years, isn’t now the time to do something about while you are young and have the resources and energy to do something about it?
Change isn’t some monster hiding under your bed ready to eat you when you get out of bed in the morning nor is it some dark cloud on the horizon destined to destroy your career and retirement. Change is the rain we need to grow as a country, a culture, and a generation so that we can surpass the achievements and accomplishments of our parents and grandparents. Change is exactly what we need to become truly great and define what our generation stands for.
Embrace the change and take control of your career, your retirement, and the security of this and the next generation. You can’t stop the change so why not embrace it?
Watch this video of Seth Godin giving a presentation at TED and be inspired.  I will see you at the top!
Be a Renegade, Jeremy Burgess
Detroit investment properties
Free Report on Detroit foreclosure investing
"how to" Detroit foreclosure analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 21 May 2009 03:33:30 -0700</pubDate>
      <link>https://activerain.com/blogsview/1085067/embracing-change-in-our-current-economy</link>
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      <guid>https://activerain.com/blogsview/1077158/hard-work-and-doing-what-others-won-t</guid>
      <title>Hard work and doing what others won't</title>
      <description>May 14, 2009
I remember sitting in the yellow lighted room with its slightly grungy feel as my high school councilor came in.  I'm filled with anxiety because I'm at that age, 17, when I'm supposed to know what to do with my life and I have no idea.  I don't even really know what to say.  At this point in my life I have a hard time justifying even attending school.  Thinking about my future seems like a task beyond my capabilities.  I will never forget that feeling.
When she starts asking me what I want to do and become, I lie.  I tell her the lie that I know what she wants to hear.  "I want to go to college and be a history teacher."  She easily and effortless gives me the advice that I'm sure she has giving thousands of students over the years.   Take these classes, keep your GPA up, start taking SAT test classes, and be well rounded.  While I half listen I'm stuck by the absurdity of what she is doing.  Why the hell should I listen to her? What has she done and accomplished that would make her council sound?
Of course I smile and thank her as I leave and I enroll in the classes she recommends.  I never went to college and I barely graduated from high school.  Everyone I knew who had gone to college wasn't making the money I wanted to make and they weren't living the life I wanted to live.  Old habits die hard though and for the next 6 years I wander though life trying to find my place. I joined the Navy, got out, attempted college, worked as a cook, and finally as a baker at Safeway.  The entire time I know what I'm doing is wrong and won't get me to where I want to go but this doesn't stop me from running full speed to try and get there.
Then 3 days before I was married, it struck me.  Everything I had been told was a lie.  I'm not supposed to try and find my passion.  A good job with benefits isn't the safest bet.  Most importantly, you don't need to like what you do.  There is a difference between being efficient and being effective.  You can accomplish tasks efficiently that are not effective in reaching your goals.
From that point on I became obsessed with being effective.  I would seek out things that nobody else would do and I would work hard to be effective.  Often I didn't like what I was doing but I loved the results I achieved.  Much of this is still true today.  It isn't easy running a real estate business in Detroit and many times I do work I don't enjoy.  But my work helps investors around the world achieve the returns they need to retire in comfort.  I provide jobs that are sorely needed in Detroit and the people employed (formerly incarcerated individuals) get a second chance at life.  I use a local nonprofit, Motor City Blight Busters to do the rehabs, benefiting the local community as their profits are reinvested.
The results I achieve and the difference I make in the city of Detroit make all the work I dislike worthwhile.  I realize this is contrarian and against most sound advice.  I say forget trying to find your passion.  Instead, focus on the results you want.  Find a difficult problem and pursue the solution with relentless passion, doing the work that few like.  Your results will make all of the difficult work you do seem fun and you will be making a difference.v
I can't think of a better time in American history too question all of our beliefs and test them for effectiveness.  Your boss and your government are certainly not the security you need in these times.
Watch this clip on TED and make a commitment to quit being efficient and start being effect.  It's never too late to make a difference.
Make your life uncomfortable,
Jeremy Burgess
Detroit foreclosure properties
Free Report on Detroit real estate "how to"
Detroit Real Estate analysis</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Fri, 15 May 2009 01:36:41 -0700</pubDate>
      <link>https://activerain.com/blogsview/1077158/hard-work-and-doing-what-others-won-t</link>
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      <guid>https://activerain.com/blogsview/1054950/making-money-in-real-estate-while-making-a-difference</guid>
      <title>Making Money in Real Estate While Making a Difference</title>
      <description>There are many myths out there when it comes to making money in business and real estate as well as how you need to operate your business to be successful. I’m sure most of you have been told or at least have heard that it is a “dog eat dog world”. Or maybe that in order for you to win, someone has to lose. My personal favorite is that the climb to the top is on the backs of others less fortunate.
While all of the above may be Wall Street’s attitude towards successful investing, there are more enlightened ways. The truth is that we are all agents of change and with a little thought towards others we can successfully invest in this world while creating all win and no lose opportunities. In fact I believe that we can change the face of this world and wrestle control from the evils of corporate and Wall Street greed that have placed our financial system in peril and hurt millions of people around this world.
In practice this is called socially responsible investing and it is simple to understand. Don’t invest in something in which someone stands lose when you profit. Also think about the impact of your investment on our environment. Not only can we all profit and create meaningful change with these two simple rules, we can create more profitable transactions than the “dog eat dog world” Wall Street would have us believe.
Urban Detroit Wholesalers is a great example of how you can actually be more profitable by creating “no lose” transactions. We buy houses from banks for cash quickly so they can lend money that money again and get a bad asset off their books.
We rehab our houses using a local nonprofit, Motor City Blight Busters. They hire formerly incarcerated individuals and teach them new skills and provide employment so the revolving door in our corrections system is significantly reduced. The profit from the rehab goes back to the nonprofit and is investing in communities that don’t necessarily make sense for an investor to invest in. Many of the materials from the rehab projects are recycled and reused on later projects, reducing the cost of future rehabs for us and our investors while reducing the need for new resources from our planet.
Through another nonprofit we work with, National Faith Home Buyers, we then provide the high quality housing we just rehabbed to disadvantaged economic classes who are trying to break the cycle of poverty. This means less money paid out from social welfare programs and less taxes out of all of our pockets. The city of Detroit and Wayne County benefit by having a house put back on the tax roll. And finally the investor (you) and Urban Detroit Wholesalers profits from the sale or rental of the newly rehabbed house.
There are many different companies who subscribe to the above principals and even right now socially responsible investing is a trillion dollar industry. After watching corporate and Wall Street greed destroy millions of retirements and jobs, it is up to us to break the cycle and start helping ourselves and others. We can vote with our money and the way we invest. We must start doing this NOW because I doubt that greedy Wall Street, which has a choke hold on our government, will see fit to change it. It is up to us.
Make Your Life Uncomfortable, Jeremy Burgess
WholesaleMi.com
RenegadeDetroit.com
DetroitInvestmentSecrets.com
DetroitHardMoneySecrets.com
DetroitCashFlowAnalysis.com
UrbanDetroitOnline.com</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Wed, 29 Apr 2009 03:32:18 -0700</pubDate>
      <link>https://activerain.com/blogsview/1054950/making-money-in-real-estate-while-making-a-difference</link>
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      <guid>https://activerain.com/blogsview/986485/detroit-real-estate-finally-gets-the-spotlight-</guid>
      <title>Detroit Real Estate Finally Gets the Spotlight!</title>
      <description>Detroit Real Estate Finally Gets the Spot Light!Urban Detroit Wholesalers on CNN tonight at 8:00pm EST!Detroit has received quite a bit of positive media attention of late as a city with bargain properties and a city worth investing in. This is a bright sunny light, finally and well deserved, for the city of Detroit and I am basking the warm glow of acceptance. Not that I needed it or wanted it but it is distinctly human to validated and proved correct.Detroit is finally getting its due as a major city in this country attracting serious investors. I have believed for over 3 years that Detroit is THE city in American to invest in. The fundamentals just make sense.Here are the links for the recent newspaper articles:Detroit Free Press 3.1.09Detroit Free Press 3.4.09Detroit News 3.5.09The Seattle Times 3.9.09Detroit News 3.13.09Urban Detroit Wholesalers is also going to be on CNN! We were interview last week as experts in Detroit investment properties. It will be on tonight at 8:00 PM EST.May we live in exciting times and we do. You have a choice to see despair or see opportunity. I see the greatest opportunity to buy real estate in ALL of our lives. Years from now we will be telling our grandkids about how we made our fortune on Detroit real estate back in the "credit crisis".Carpe House…. Seize the house!Jeremy BurgessThe Detroit Market ExpertUrban Detroit WholesalersRenegade Detroit InvestorsDetroit Investment SecretsDetroit Hard Money SecretsDetroit Cash Flow AnalysisUrban Detroit Online</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 16 Mar 2009 05:02:37 -0700</pubDate>
      <link>https://activerain.com/blogsview/986485/detroit-real-estate-finally-gets-the-spotlight-</link>
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      <guid>https://activerain.com/blogsview/926045/effects-of-the-foreclosure-moratorium-in-wayne-county----prepare-for-the-flood</guid>
      <title>Effects of the Foreclosure Moratorium in Wayne County... Prepare for the flood</title>
      <description>Sheriff Evans of Wayne County Michigan announced to Michigan that he was halting all mortgage foreclosure sales.  His reasoning is that it is impossible for his office to tell which of the mortgages were protected under the Troubled Asset Relief Program allowing homeowners adequate time to work out loan modifications.
I would like to bring to everyone’s attention that Sheriff Evans is running for Major in the City of Detroit so I think this is a publicity stunt. I also wonder if he has considered the financial impact of his decision on the community. I know most people get a warm and fuzzy thinking about homeowners staying in their home and saving their house but I’m not one of them.
I have a significant amount of experience with short sales and loan modifications and it has been my experience that most people are not capable of making any considerable payments towards their mortgage. Most people have had something catastrophic happen that stopped them from being able to pay their mortgage. There is no loan modification program in the world that fixes a lost job, divorce, or death in the family. Often their debt to income ratio is so poor that a foreclosure now is better than a loan modification that ends up in foreclosure in the near future.
What real value is there in prolonging the inevitable and forcing more losses on lenders already in dire straits (yes I know it was their own fault and I won’t get in to that now)? Especially sense these lender/bank losses are being subsidized by the Federal government via the bail out. The only value I see is that it makes the politicians look like they really care. This is a publicity stunt with your tax dollars so you can feel like your government is working on the problem.
If the Moratorium on foreclosures continues for any great length of time, it will actually create larger problems than we already have. The banks are all ready overwhelmed with foreclosed properties and can barely keep up. One of the main factors in the recent drop in property values is the enormous supply for houses and the lack of demand (people can’t get loans) for them. This naturally forces values to drop.
If we stop foreclosing on houses and we know that most of the loan modifications will be unsuccessful resulting in more foreclosures; we in essence dammed a river. When the moratorium is over, we will have a flood of foreclosures further wiping out property values and creating even more problems.
My question to you is would you rather have a little bit of rain for a few years or do you want some sunny days followed by a devastating flood that destroys your home? This seems like a rhetorical question and I find few people thinking about the long term consequences. Short term profit and thinking is the major contributing factor to the mess we are currently in. And here we are, about to repeat our mistakes.
These are the people many of us are trusting with our retirement.  If that is you, I would think again.
Make Your Life Uncomfortable,Jeremy BurgessThe Detroit Market ExpertDetroit Real Estate - Wholesale Deals - Main siteDetroit Real Estate Blog - Detroit Investment InformationDetroit Investment Properties Free Report - Free Detroit Investment InformationCash Flow and Property Analysis Spreadsheet - Property EvaluatorSecrets to Hard Money Lending in Detroit - Free Report for Lenders</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Tue, 10 Feb 2009 01:34:12 -0800</pubDate>
      <link>https://activerain.com/blogsview/926045/effects-of-the-foreclosure-moratorium-in-wayne-county----prepare-for-the-flood</link>
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      <guid>https://activerain.com/blogsview/906192/time-for-change--renegade-style-</guid>
      <title>Time for Change… Renegade Style!</title>
      <description>Yesterday we inaugurated the first Black American as President of the United States. Considering that 60 years ago Obama would have to drink out of a different water fountain than me, I find this historic event inspiring and it gives me hope for the future of America. Regardless of your political beliefs, President Obama’s inauguration speech calling for a new era of change was an eye opener. While I’m far from the world’s biggest Obama supporter (I’m a Ron Paul supporter), I found much of the President’s speech exciting and motivating at this particular juncture in our history.
As Americans we have one foot in the industrial age and one in the information age and neither foot knows what the other is doing! It seems at times that America is confused about what must be done moving forward.
“That we are in the midst of crisis is now well understood.”
While I agree that we are in a crisis, I believe that we have been in a financial crisis for a long time. The crisis I’m blogging about is the personal retirement crisis. Our parents and grandparents have prepared us for the world with tools that are no longer useful and practical. Without over simplifying the issue, we were raised to go to college and get a good job with benefits. While it is obvious to most now that a college education and a job just won’t cut it, we are still confused as a nation and people.
“But our time of standing pat, or protecting narrow interests and putting off unpleasant decisions- that time has surely past. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.”
The time of the defined benefit plan and employer sponsored retirement is OVER. The writing was on the wall in 1963 when the Studebaker automobile company terminated its employee pension program. Since then ERISA was passed in 1974 to enforce and regulate to some degree employee pension programs. As Americans we have seen this fail as well with ENRON, Adelphia Communications, World Com, TYCO, and Quest to mention just a few! The loss to defined benefit and defined contributions plans, YOUR RETIREMENT, was in the BILLIONS! Of course that pales in comparison to the Trillions lost in the recent mortgage crisis. This was real money from your retirement funds.
Now is the time to remake your retirement plan and take control over your future. While the switch from having someone else manage your retirement to you managing it can be a challenge, it is not as difficult as you think. If you don’t already have one, you need to start or convert your retirement into a Self Directed Roth IRA.  I recommend Equity Trust Company because of their customer service and how easy they make every transaction for the new and seasoned investor. With a Self Directed Roth IRA you can invest your money in anything you want and all of your future gains and profit are tax free!
This does mean that you will have to analyze that stock, real estate deal, IPO offering, bonds, businesses, CDS and other investment opportunities but isn’t that the entire point? The evidence has shown that when your retirement is left up to the government or corporations, you lose.
What it means to be a Renegade Detroit Investor is personal responsibility for our investments and an aversion to mainstream thoughts and antiquated advice from so called financial advisers.
“What the cynics fail to understand is that the ground has shifted beneath them…. For the world has changed, and we must change with it.”
This is the Renegade Detroit Investors battle cry! You can whine and complain all you want but that is like trying to swim upstream. You cannot fight the change. The change is already here… and what are you going to do about it? Are you going to lie down and let corporate America swindle your retirement or submit to bigger government taxes in the allusion that social security will cover your needs?
“What is required of us now is a new era of responsibility – a recognition, on the part of every American, that we have duties to ourselves….”
You have a responsibility to yourself, your country, and ultimately to your children and grandchildren to embrace the change and prepare future generations to be financially independent of government and corporations.
“This is the price and the promise of citizenship.”
Make your life uncomfortable, Jeremy Burgess The Detroit Market Expert Metro-Detroit Real Estate Business Group Metro-Detroit Real Estate Blog Detroit Real Estate Detroit Cash Flow Properties - Free Report</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 29 Jan 2009 02:04:21 -0800</pubDate>
      <link>https://activerain.com/blogsview/906192/time-for-change--renegade-style-</link>
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      <guid>https://activerain.com/blogsview/894700/specter-of-fear-die--time-to-build-</guid>
      <title>Specter of Fear DIE! Time to Build!</title>
      <description>Thursday, January 22, 2009
For the last year and half it seems to me like this nation and its people have been walking on egg shells, waiting for the other shoe to drop. Looking and searching for boogie men and finding fault in everything till our very thoughts and actions are poising us, our economy and our nation.
How many bad thoughts should we have and more importantly, how long can we afford to expect terrible things to happen?&lt;embed src="http://visibility911.com/blog/wp-content/uploads/2008/02/fear-eye.jpg"&gt;&lt;/embed&gt; I’m not trying to be Pollyanna here about the situation our country is in or the challenges that the City of Detroit is facing. What I’m suggesting is that instead of focusing on pointing out faults and finding the cracks in every plan by punching holes in a leaking dam; we need to learn to ignore and quiet this nagging specter of fear that has us looking for monsters under the bed.
Anyone can find fault and tear down ideas, plans, projects, and dreams. Much more difficult to do is find ways to build solutions that work. Now is the time to start building rather than tearing down. President Barrack Obama spoke about the “gathering clouds and raging storms” on America’s horizon and the need to find solutions and make hard choices. I agree completely and I blogged at great length at my real estate investment club, Renegade Detroit Investors
Questions we should be asking ourselves are how can we find solutions to the issues we are facing? Urban Detroit Wholesalers focuses only on Detroit investment properties and we work closing with a local nonprofit, Motor City Blight Busters. While we are not blind to what is happening in Detroit and the nation, because we asked the right questions and focused on the solutions one small step at a time we have carved out a very profitable niche while rebuilding and stabilizing communities.
Urban Detroit Wholesalers:
·         added over 100 jobs to the local economy
·         rehabbed over 90 houses increasing property values
·         provided quality rentals in areas that they were desperately needed
·         retrained a dozen men and women in new trades via Blight Busters
·         created dozens of homeowners  via lease options and land contractors
·         improved the lives of 20 seniors by providing housing projects via Blight Busters
·         added over a million dollars of equity and thousands of dollars of cash flow to our investors
Everything that we have been able to accomplish is due solely to focusing on finding solutions and building positive communities. We decided long ago to ignore the specter of fear that would have you believe that there are no solutions and that in order for you to profit someone must lose. We created win-win solutions with banks, communities, nonprofit agencies, investors, and all of the trades men and women we employ while still creating a sound profit for us and our investors.
Go out and find ways to build your community, your job, your church, your relationships, and anywhere else you face challenges. Focus on solving one small challenge at a time. Imagine what this country would be like if thousands of men and women were building solutions and adding value to communities they live and invest in.
Now is time to build and be the solution one challenge at a time.  We have enough of the other.
Make your life uncomfortable,
Jeremy Burgess
The Detroit Market ExpertWholesaleMi.com&amp;gt;RenegadeDetroit.comDetroitInvestmentSecrets.comDetroitHardMoneySecrets.comDetroitCashFlowAnalysis.comUrbanDetroitOnline.com</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 22 Jan 2009 04:56:21 -0800</pubDate>
      <link>https://activerain.com/blogsview/894700/specter-of-fear-die--time-to-build-</link>
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      <guid>https://activerain.com/blogsview/873299/kill-the-zombies-in-your-investment-graveyard-</guid>
      <title>Kill The Zombies in your Investment Graveyard!</title>
      <description>&lt;embed src="http://www.einsiders.com/reviews/archives/images/graveyardalive1.jpg"&gt;&lt;/embed&gt;Slap yourself really hard... Twice....Good, now we can get started. Nothing has made me happier that to see the American love affair with the stock market end in a nasty divorce by the end of 2008. It has always bothered me that Americans would blindly invest in the stock market and get returns near 10% and sometimes greater without a clue as to what was really going on. Unfortunately, corporate America had to rob you of 40% or your retirement to get the point across.Welcome to the future. You must now pay attention to your investment capital. This will require that you educate yourself and it will definitely require that you work much harder. I'm not attempting to be sarcastic and callous and for the majority of my life I didn't even have investments. What I want to do is SLAP you out of your denial and get you to change your behavior now that the 12 years of easy money is over.My major objection to the stock market (other than it is full of crooks) is the lack of control that an individual has over his or her investment. This is why I love investing in single family home rentals. The case I'm going to make today does require work but I don't need to sell this. This sells itself.In Detroit you can buy a nice house in a nice area and rehab it for about $40,000. This house will rent for $800-$900 a month. Taxes will run you about $2,800 a year and insurance will cost around $800 a year. Then you have to hold a reserve for Property Management, Maintenance, and Vacancy (the time when your property isn't rented) and we will hold 10% of rent a month for each of these.This is a WORST CASE SCENERIO!!Total Investment: $40,000Total Annual Income: $9,600Total Annual Expenses: $6,480 Annual Taxes: $2,800 Annual Insurance: $800 Annual Maintenance Reserve: $960 Annual Property Management fee: $960 Annual Vacancy Reserve: $960Annual Cash on Cash Return: 7.8%This is before equity in the property is considered and the tax benefits are calculated!Annual Tax Write off for Property: $1394Adjusted Annual Cash on Cash Return: 11.3%You still have 50% equity in the property ($40,000). When you sell the property in 10 years, assuming values haven't increased, you have additional profit to capture.Sell Property for $80,000 Realtor Fee: $4,800 Closing Costs: $4,800 Original Investment: $40,000 Long Term Capital gains: $4,560Total Profit of Sale: $30,400Total 10 Year Income Triple Net: $31,200Total 10 Year Tax Write off: $13,940Total 10 Year Profit: $75,540Adjusted Annual Cash on Cash Return: 18.9%How many of you would be happy making 18.9% a year on your money?I just painted a very conservative picture that is very unlikely to happen. You will more than likely do even better. We didn't even look at leverage and see what that would do to your returns (this will increase your cash on cash returns in to the 30%'s!!!).Unlike stocks that require a PHD and some luck to avoid the crooks, everyone can do the example above. It does require some effort and you might be surprised by how quick you pick it up.If you are willing to roll the dice Vegas style with your retirement and your kids college funds in the stock market, then NOW is time to draw the line in the sand.It's time to take out your shotgun and KILL the ZOMBIES in your investments and turn that graveyard into a nice park ala real estate style.Make your life uncomfortable,Jeremy BurgessDetroit Market ExpertDetroit Investment Properties - Our website for wholesale deals and informationDetroit Real Estate - Our Blog on Detroit Real EstateDetroit Investment Properties&amp;gt; - Secrets for Successful Investing</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Fri, 09 Jan 2009 01:59:57 -0800</pubDate>
      <link>https://activerain.com/blogsview/873299/kill-the-zombies-in-your-investment-graveyard-</link>
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      <guid>https://activerain.com/blogsview/807126/time-for-thanksgiving</guid>
      <title>Time for Thanksgiving</title>
      <description>Thanksgiving is right around the corner and this is the time of year I like to give thanks to those who have done and given so much to me and my company. I would like to encourage you to do the same.
When you are consistently setting and achieving high goals, it is natural to come across many road blocks. I can say from personal experience that sometimes it seems like the entire road is a road block! This sometimes makes me feel like nothing is going my way or that I haven't made any progress.
That is why I started to think about all of the people and things that I am thankful for every night before I go to bed. I really think it, feel it, and sometimes I even say it out loud. This is a very powerful way that I change my perspective and my attitude on my day and my accomplishments within minutes. If you are not currently practicing this, I would recommend you start this evening and start enjoying all of the benefits.
During Thanksgiving I like to go one step further and actually write it down.
I'm grateful for my wife who somehow endures my long hours of work and the stress and sacrifices that must be made to be successful.
I'm grateful for my Mother and Father who raised me to be persistent and always to look at the bright side.
I'm grateful for my business partner Jared for his vision and tech savviness that keeps Urban Detroit Wholesalers on the cutting edge.
I'm grateful to my team of pros Drew, Erika, Lynn, Seth, Danny, Yianni, Joel, Dave, Chris, Larry, Doug, Rob, Peach, Mike, Mr. Ford and Chris who consistently step up to the plate to do the deals that everyone says can't be done. And do them well! You guys are awesome and you are the reason Urban Detroit Wholesalers continues to prosper and grow. Thank you.
I'm grateful to be alive and in one of the greatest cities in America, during the greatest real estate market since The Great Depression.
I'm grateful to all of my investors for trusting me and investing in Detroit and my company. The proof is in the checks and I know you love them!
I'm especially grateful for Motor City Blight Busters and the way they have made us feel welcome in the neighborhood. You inspire me with the passion to create change regardless of the obstacles.
I'm grateful to everyone who reads our Newsletter. I value your time and attention and I hope I have added value to your life in some small way.
Happy Thanksgiving! Jeremy Burgess The Detroit Market Expert
Detroit Investment Properties - Deals and Detroit info Detroit Real Estate Blog - Our Blog Cash Flow and Property Analysis Spreadsheet 8 Secrets to Hard Money Lending in Detroit</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Tue, 25 Nov 2008 01:00:47 -0800</pubDate>
      <link>https://activerain.com/blogsview/807126/time-for-thanksgiving</link>
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      <guid>https://activerain.com/blogsview/788202/how-are-you-spending-and-investing-your-time-</guid>
      <title>How are you spending and investing your time?</title>
      <description>People talk about how they spend and invest their and Jared and I have blogged about that quite a bit. This week I would like to blog about how you are spending and investing your time. Many of you may never have thought about it this way but three years ago I was knocked off of my seat when I read this quote from Robert Kiyosaki, “The only difference between a rich person and poor person is how they use their time.”
&lt;img&gt;This is from the book that changed my life, Rich Dad Poor Dad website. When I read that I felt like I was punched in the stomach. It was so obvious and simple but also profound. My life has been completely different since that day.This made me completely reevaluate my life and how I spent and invested my time. I became obsessed with how the rich and successful occupy their time. I read dozens of books on successful men and women and started to model my time management based on what they did with their time. I found that many of my daily actions were actually keeping me from being successful. I was spending over 3 hours a day watching movies and reading with no purpose. There is nothing wrong with entertainment but I was using it to distract myself from what I should have been doing, working on my success.&lt;img&gt;One of the things that I found that ALL successful and rich people did that the poor DID NOT was take at least one action EVERY DAY toward a written goal you have. No matter how small, progress was made every day.So before you head out this weekend and go about your life, take a minute and evaluate how you are going to be spending and investing your time. Make a conscious effort to invest your time wisely and treat it like the precious commodity that it is. Take action no matter how small everyday to invest in your success.Jeremy BurgessDetroit Market ExpertVisit me on the best Real Estate Networking Site and sign-up at Active Rain-Detroit Real EstateDetroit Investment Properties - Our website for wholesale deals and informationDetroit Real Estate - Our Blog on Detroit Real EstateCash Flow and Property Analysis Spreadsheet.</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 13 Nov 2008 03:36:36 -0800</pubDate>
      <link>https://activerain.com/blogsview/788202/how-are-you-spending-and-investing-your-time-</link>
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      <guid>https://activerain.com/blogsview/788194/time-to-really-learn-how-to-run-the-numbers-</guid>
      <title>Time to really learn how to run the numbers…</title>
      <description>One of the many things that attract real estate investors to Detroit is the incredibly low price tag. $35,000 buys you a nice house in a nice neighborhood that rents well, putting cash in your pocket every month. However, many investors pass over Detroit because the numbers are small and they are looking to make more money. What these investors are doing is looking at the amount of profit they will make versus their rate of return. Let's look at a few examples of what I'm talking about. Here is a deal you can do in Detroit right now all day long.&lt;embed src="http://www.masternewmedia.org/images/make-money-roadsign_480.jpg"&gt;&lt;/embed&gt; Purchase/Rehab: $35,000 Profit: $5,000 Turnaround time: 90 days Cash on Cash Return: 14.3% Annual Yield: 57%  Now, let's look at an opportunity in California.  I know a few guys doing this right now.&lt;embed src="http://roicopy.com/wp-content/uploads/2007/03/windowslivewritermajorityonlinebusinesseslosemoneybigtime-ce09stop-losing3.gif"&gt;&lt;/embed&gt; Purchase/Rehab: $300,000 Profit: $30,000 Turnaround time: 90 days Cash on Cash Return: 10% Annual Yield: 40% Without looking at the numbers, I know many of you would rather go with the California deal. Now that you have had a chance to really look at the numbers, which deal is the better investment? Of course the Detroit deal is. Now let's talk exit strategy. What if something goes wrong? You finish your rehab and you are ready to flip and now the President of the United States outlaws flipping for 2 years. Now what do you do? (This might seem a little ridiculous however we should always plan for the worst case scenario.) Now it's time to refinance your cash out of the property and rent it out until you can flip it. Time to take a look at cash flow!  Real cash flow calculations take into account 10% maintenance, 10% vacancy, and 10% property management. I did this for Detroit. For California I reduced it to 7% to try and be a little bit more fair.&lt;embed src="http://www.masternewmedia.org/images/make-money-roadsign_480.jpg"&gt;&lt;/embed&gt; Detroit Deal Mortgage: $40,000 Interest Rate: 7% Mortgage Payment: $266 a month Monthly Rent: $850 Taxes Annual: $2,000 Insurance Annual: $800 Vacancy/Maint/Prop Mgmt Fee: $255 a month Your Monthly Cash Flow: $95.66 California Deal&lt;embed src="http://roicopy.com/wp-content/uploads/2007/03/windowslivewritermajorityonlinebusinesseslosemoneybigtime-ce09stop-losing3.gif"&gt;&lt;/embed&gt; Mortgage: $310,000 Interest Rate: 7% Mortgage Payment: $1996 a month Monthly Rent: $2,000 Taxes Annual: $2,000 Insurance Annual: $1200 Vacancy/Maint/Prop Mgmt Fee: $ 419 a month Your Monthly Cash Flow: -$881.67 How do you like that California deal now?! The point I'm making in this week's blog is ACT like a professional real estate investor. This means REALLY looking at the numbers and also planning for a worst case scenario. This is what makes us professionals. If you haven't already, go and downloaded our cash flow calculator to determine "REAL" cash flow. Jeremy Burgess Detroit Market Expert Visit me on the best Real Estate Networking Site and sign-up at Active Rain-Detroit Real Estate Detroit Investment Properties - Our website for wholesale deals and information Detroit Real Estate - Our Blog on Detroit Real Estate Cash Flow and Property Analysis Spreadsheet.</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 13 Nov 2008 03:32:41 -0800</pubDate>
      <link>https://activerain.com/blogsview/788194/time-to-really-learn-how-to-run-the-numbers-</link>
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      <guid>https://activerain.com/blogsview/782624/see-things-as-they-really-are</guid>
      <title>See Things As They Really Are</title>
      <description>Do the news and the media have you pulling cash out of your bank account and stuffing it in your mattress? Do you see the world ending and life as you know it coming to a stop? &lt;embed src="http://www1.istockphoto.com/file_thumbview_approve/2992987/2/istockphoto_2992987_market_crash.jpg"&gt;&lt;/embed&gt; Are you staying awake at night worry and feeling uncertain about you and your family's future? Now is the time for a frank discussion about why current events HAVE to happen, HOW it is going to happen, and what the future REALLY looks like.
What caused the boom?
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The boom was generated primarily by three events:                1. Ready availability of cash for banks to lend2. Low cost for consumers to borrow that money3. Lower taxes.
All of the three had the effect of consumers spending more money. This was sponsored by the government to keep the economy growing because that is what voters want. This increase in consumer spending was the only thing keeping the economy growing because in reality it should have been declining.
Why the boom shouldn't have happened
Manufacturing and productivity in America has decreased dramatically over the last 12 years. Combined with a Trillion dollar trade deficit, it is incredibly difficult for an economy to grow. The result should have been a declining economy and would have been without government interference. In lay man's terms: if you don't spend your money in this country and you spend it in other countries (oil and trade deficit with China), other countries will grow and you won't. This is not a political statement to buy American, I'm just stating a fact. America hasn't done enough to replace the "lost" money so our economy should shrink and continue to shrink slowly over time as the money continues to be "lost".
So why did house values increase so much?
House values increased dramatically primarily for two reasons: 1. Lower interest rates 2. Speculation (herd mentality).
Most consumers are buying a payment when they are making a major purchase like a house. So the cost of the house isn't as important as the payment on the house. Here is an example: Joe and Jane want to buy a house and they can afford $1200 a month for a mortgage payment. For most of America's history, interest rates were in the 8%-10% range. At 8.5%, they can afford a $156,000 mortgage. At the artificially low interest rate of 5% Joe and Jane can afford a $223,000 mortgage! That is a full $67,000 more than at 8.5%! Lower interest rates encouraged consumers to pay more and buy more house than they could normally afford. This started the house value increase.
After a few years of appreciation, speculators came out of the wood work and started bidding up the sales price of houses, sometimes even above the list price, with the hope that prices would continue to increase. These speculators would sell in 3-6 months after the house had appreciated enough to generate a profit.
Soon the "average Joe" felt like they were being left out and if they didn't buy now, they would never be able afford a house. In many cities, houses were selling hours after it was listed for thousands of dollars more than list price.
During this period some houses were doubling in value in as little as 2 years! With banks eager to lend money at low rates, the vast majority of Americans refinanced their homes to access their "equity" which was spent or invested, allowing the economy to grow. People "got drunk" on the easy money and spent up a storm unlike any other time in our history. As a nation we went crazy, leveraging ourselves with cheap debt, spending it all and for the first time ever, we spent more than we earned.
What goes up must come down
Our economic growth should have been flat or slightly negative based on our trade deficits, declining manufacturing, and declining productivity. In addition with our budget deficits, government overspending, and the continual devaluation of the dollar, interests' rate should be closer to 8%-9% to protect against inflation.
With our current credit crunch and with most of our large banks deleveraging themselves, borrowed cash is going to be very scarce for a few years. This should send us into a recession until real estate and the economy come more in line with the average Joe's income and affordability.
Where is this level at? Since most of the rise was artificial, most cities and states will fall back to or near pre-bubble prices and affordability. My prediction is at least to year 1998 and maybe even as far for some cities as 1991 real estate and affordability prices. Bottom line is we still have a long way to fall in most parts of America.
Creating certainty out of uncertainty
It is safe to say that we will never see that kind of crazy bubble and consumer spending again. A good friend and client of mine, David Butler of Hot Spur Investment Group (www.hotspurinvestmentgroup.com ) has a great analogy for this. If you go out and get crazy drunk, party, and paint the town red, odds are when you wake up it's with a terrible hang over. When you recover and your head ache is gone, do you expect to be drunk again? Of course not! So we are recovering right now but don't expect when the headache goes away to be drunk again.
You can't predict the bottom of the market or when the economy will recover. However, you can establish the bottom by basing your real estate investment on affordability. Affordability is time tested and conservative approach to real estate pricing and values. While much of the due diligence can be somewhat challenging and complex, your main variable is the income of the average "Joe" and what he can afford. This brings us full circle and explains how you can create certainty, plan for the future, and profit by seeing things how they really are.
Profit now conservatively
Wages are stagnant in most cities and states and interests rates will likely go up to 9% to curb inflation. Before you invest in any city in America you need to find out the average income of the people living there. Multiply their annual income by 28% to conservatively determine the annual mortgage payments they can afford. Divide the annual mortgage payments they can afford by 12 to determine the monthly mortgage payment. Now using our conservative interest rate of 9% (where it will likely be in 2-3 years) you have just established the bottom of the market based on affordability.
Below is an example based on DetroitAverage annual income: $39,000Multiply by 28% for annual payments they can afford and divide by 12 for monthly payment = $910Likely Interest Rate: 9%House Value based on interest of 9% = $112,000
Based on affordability the average Joe can afford a house worth $112,000 with interest rates at 9%. As real estate investors we need to buy and fix up a house for 60% of the properties values to guarantee that we will make money. 60% of $112,000 is $67,200. It is not difficult to purchase a house in Detroit and fix it up for much less than $60,000.
My Challenge to you
I want you to apply the same conservative approach to real estate that I do. &lt;embed src="http://www.golden-egg.eu/UserFiles/Image/images/14.jpg"&gt;&lt;/embed&gt; It is time for you to put the cities you are investing in under the microscope. I'm betting that many of you are buying at too high of a price and probably need to establish the bottom of your market the correct way. If that is not currently possible where you invest, I encourage you to take a good hard look at investing in the city of Detroit where the bottom is already set.
Make your life uncomfortable,
Jeremy BurgessDetroit Investment Properties - Our website for wholesale deals and informationDetroit Real Estate - Our Blog on Detroit Real EstateDetroit Investment Secrets - Secrets for Successful Investing</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 10 Nov 2008 02:03:39 -0800</pubDate>
      <link>https://activerain.com/blogsview/782624/see-things-as-they-really-are</link>
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      <guid>https://activerain.com/blogsview/782615/life-s-a-game-of-inches---</guid>
      <title>Life's a game of inches...</title>
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We all need motivation and inspiration to achieve our goals and our dreams.
And sometimes we even need it just to get out of bed!
There are days when nothing in our dreams and goals seems real or within our grasp. When I start to doubt or feel down about my progress and accomplishments I remember this quote, "Life's a game of inches…." and I watch this clip of Al Pacino's speech from Any Given Sunday.
Take a few minutes and watch this clip:
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This clip is a powerful is a powerful motivator for me when I'm facing challenges in life and business. It keeps me grounded and reminds me that my success isn't a sprint to the finish line that can be accomplished in a few days or weeks. My success and continued success is a combination of small steps or inches over a period of time that add up to miles at the end of the day.
Inches count! Every day our inches add up. Celebrate your small successes and inches and regardless of how tired you are, how you feel, or other responsibilities you may have, do just ONE thing that moves you closer to your goals EVERY DAY.
Now that you have watched the clip and read my blog, my question to is, "What are you going to do?"
Make your life uncomfortable,Jeremy BurgessThe Detroit Market Expert
Visit us on the best Real Estate Networking Site and sign-up at Active Rain - Detroit Real EstateDetroit Investment Properties - Our website for wholesale deals and informationDetroit Real Estate - Our Blog on Detroit Real EstateCash Flow and Property Analysis Spreadsheet8 Secrets to Hard Money Lending in Detroit</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 10 Nov 2008 02:00:44 -0800</pubDate>
      <link>https://activerain.com/blogsview/782615/life-s-a-game-of-inches---</link>
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      <guid>https://activerain.com/blogsview/782607/have-you-reached-your--tipping-point--</guid>
      <title>Have You Reached Your "Tipping Point"?</title>
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I recently read Malcolm Gladwell's amazing book, The Tipping Point about how small things become really big things.  Many of the points he brought up with real life examples BLEW MY SOCKS OFF. He defines the tipping point as "the levels at which the momentum for change becomes unstoppable." and "the moment of critical mass, the threshold, the boiling point."
It also brings a really good point that I think many of us miss in life and business.  Small things count. Many times, the small things count for more than the "big" things do. It really starts to make sense when you look at real life experiences.
One of the greatest little things I do that yields enormous results every week is blogging. It costs me nothing every week and takes less than 2 hours (usually unless I get a little wordy). This little thing that I do generates more business than the thousands of dollars I spend on more traditional advertising. Blogging also adds value to the traditional advertising dollars that I spend when they find my blog instead of a boring website.
What "small" things are you passing up on to work on "big" things? Are you even working on the big things in your business? What big things are you waiting to do until you have more time or money?
It is time to wake up and forget about the big things until you have done the small things. These small things will create business for you at no or low cost so you can afford the time and money to do the big things in your business.
Read the book and take action.  No more inaction because you can't do the big things.
Start doing many small things today and reach your Tipping Point.
Make your life uncomfortable,Jeremy BurgessThe Detroit Market Expert
Visit us on the best Real Estate Networking Site and sign-up at Active Rain - Detroit Real EstateDetroit Investment Properties - Our website for wholesale deals and informationDetroit Real Estate - Our Blog on Detroit Real EstateCash Flow and Property Analysis Spreadsheet8 Secrets to Hard Money Lending in Detroit</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Mon, 10 Nov 2008 01:58:15 -0800</pubDate>
      <link>https://activerain.com/blogsview/782607/have-you-reached-your--tipping-point--</link>
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      <guid>https://activerain.com/blogsview/548712/it-s-all-about-the-neighborhood----</guid>
      <title>It's All About the Neighborhood!!! </title>
      <description>If you're investing and Detroit and think that all neighborhoods are created equal, you're in for a rude awakening. You're in a similar situation if you're purely shopping by price and think that the cheaper you can buy a house in Detroit, the better off you'll be. The truth is that you need to make sure that you're investing in the areas with the solid homes and great neighborhoods where families want to invest. We currently only invest in 5% of the City of Detroit because these are the areas where census data shows us that families make $35k to $55k a year, they have 2 kids or more, and they have some college education or education beyond a high school diploma. Add to that the on the ground data that shows there are no board ups or burn outs in the immediate vicinity, there is a pride of ownership in the neighborhood, and there are actual families living in the neighborhood, and you're setting yourself up for buying where families want to live, you'll rent it out easier, receive higher rents, and have less turnover. When you focus on buying in a neighborhood and not just a house you'll have the previously mentioned benefits as well as still getting great cash flow and having the greatest chance for growth when the market turns for the positive.Also, view our iMercial on YouTube and make sure you leave comments and a rating.
UDW Video Blog #5
Happier Investing,
Jeremy Burgess
The Detroit Market Expert</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 12 Jun 2008 16:32:26 -0700</pubDate>
      <link>https://activerain.com/blogsview/548712/it-s-all-about-the-neighborhood----</link>
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      <guid>https://activerain.com/blogsview/548709/when-are-you-going-to-grab-some-of-these-great-detroit-diamonds-for-yourself----</guid>
      <title>When are you going to grab some of these great Detroit Diamonds for yourself!!! </title>
      <description>Detroit is a city moving ahead, neighborhood by neighborhood, business by business, and development by development. Filled with beautiful brick homes, nice middle class neighborhoods, and unheard of prices, now is the perfect time to invest. View our new iMercial about Detroit and our company along with all of our wholesale deals at www.WholesaleMi.com and see how we're your way of getting these Detroit Diamonds in real estate safely and easily. You'll also find some great testimonials just recently posted from some of our satisfied customers on the main page!
Today we are debuting our new iMercial. Check it out below. Hope you enjoy it.
UDW iMercial
Happier Investing,
Jeremy Burgess
The Detroit Market Expert</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 12 Jun 2008 16:28:47 -0700</pubDate>
      <link>https://activerain.com/blogsview/548709/when-are-you-going-to-grab-some-of-these-great-detroit-diamonds-for-yourself----</link>
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      <guid>https://activerain.com/blogsview/548701/huge-change-that-will-forever-alter-the-way-you-make-money-in-real-estate</guid>
      <title>Huge Change that will forever alter the way you make money in Real Estate</title>
      <description>Beginning August 1st, Fannie Mae and Freddie Mac will no longer provide a mortgage to an investor who already has five or more residential (1 to 4 unit) properties. Previously they allowed up to 10 mortgages per investor. In this week's Urban Detroit Wholesalers Video Blog, Jeremy Burgess discusses these coming changes and strategies to deal with them.
Don't get caught with your pants down!
UDW Video Blog #3</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 12 Jun 2008 16:24:04 -0700</pubDate>
      <link>https://activerain.com/blogsview/548701/huge-change-that-will-forever-alter-the-way-you-make-money-in-real-estate</link>
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      <guid>https://activerain.com/blogsview/548699/urban-detroit-wholesalers-first-video-blog</guid>
      <title>Urban Detroit Wholesalers First Video Blog</title>
      <description>This is where I talk about making your business amazing and how reading will change your life.  Watch the YouTube video and be amazed.
UDW Video Blog #1</description>
      <dc:creator>Jeremy Burgess (Urban Detroit Wholesalers, LLC)</dc:creator>
      <pubDate>Thu, 12 Jun 2008 16:20:46 -0700</pubDate>
      <link>https://activerain.com/blogsview/548699/urban-detroit-wholesalers-first-video-blog</link>
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