Dennis, Kim & I went to a seminar this evening. It was a seminar on the foreclosure market. Following are some notes from the discussion. We have signed up to take the three-day class - $199 for two people did not sound bad at all. We shall see... If we just learn a couple of things, it will be well worth it.
98% of millionaires are made from dealing in real estate.
250,000 homes nationwide went into foreclosure in 2006.
3.5 trillion dollars are going to be readjusted in 2007.
One million homeowners will see their payments double this year.
There are three times to buy:
1. Before - pre-foreclosure
2. During - at the auction
3. After - REO - bank owned
You can live in a state of lack or a state of abundance.
Mindset is a choice.
Have the occupancy inspection on the downstairs unit on the Miami property tomorrow. If that goes well, and it should, we will possibly have it rented by this weekend. Spent this afternoon on finishing touches. After this weekend, I plan on starting on the upstairs unit across the street.