Comments for Middle Class Millionaires http://www.middleclassmillionaires.com/blog Real Estate Investment Education Sun, 06 Jul 2008 08:40:34 +0000 http://wordpress.org/?v=2.5.1 Comment on Take The Heat Off Your Utility Bill Budget With Warmer Water by Mark Nelson http://www.middleclassmillionaires.com/blog/2008/06/05/take-the-heat-off-your-utility-bill-budget-with-warmer-water/#comment-21733 Mark Nelson Fri, 06 Jun 2008 02:49:30 +0000 http://www.middleclassmillionaires.com/blog/?p=126#comment-21733 Great tips. There are many little ways to save money. The key is what you do with the money you save. Continue to build assets. Even if you are in debt. Instead of putting all the money towards your debt split the money and put partial towards your debt but most important continue to build assests. www.financialhat.com Great tips. There are many little ways to save money. The key is what you do with the money you save. Continue to build assets. Even if you are in debt. Instead of putting all the money towards your debt split the money and put partial towards your debt but most important continue to build assests.

http://www.financialhat.com

]]> Comment on Beneath The Surface Of Real Estate Investment by Bryce Beattie http://www.middleclassmillionaires.com/blog/2008/05/13/beneath-the-surface-of-real-estate-investment/#comment-21328 Bryce Beattie Tue, 27 May 2008 17:11:34 +0000 http://www.middleclassmillionaires.com/blog/?p=124#comment-21328 I'd say give them whatever numbers you can find from when the property was last operating, and then prepare something showing how you expect it to perform. Make sure you back up your projections with comparable rents / occupation rates in the area. Your goal here is to convince the bank (and yourself) that this is a good idea, so give them whatever they ask for, and then give them more. I’d say give them whatever numbers you can find from when the property was last operating, and then prepare something showing how you expect it to perform. Make sure you back up your projections with comparable rents / occupation rates in the area.

Your goal here is to convince the bank (and yourself) that this is a good idea, so give them whatever they ask for, and then give them more.

]]> Comment on Be The Bank by Peter Bland http://www.middleclassmillionaires.com/blog/2008/03/07/be-the-bank/#comment-21306 Peter Bland Tue, 27 May 2008 04:11:15 +0000 http://www.middleclassmillionaires.com/blog/2008/03/07/be-the-bank/#comment-21306 Yes I agree, commerical lending should not be considered the same as single family residential lending. Yes I agree, commerical lending should not be considered the same as single family residential lending.

]]> Comment on Put $500,000 Into Your Nest Egg by Lyn Smith http://www.middleclassmillionaires.com/blog/2008/03/12/put-500000-into-your-nest-egg/#comment-21280 Lyn Smith Mon, 26 May 2008 09:07:17 +0000 http://www.middleclassmillionaires.com/blog/2008/03/12/put-500000-into-your-nest-egg/#comment-21280 This is also a good way of inheritance tax planning. This is also a good way of inheritance tax planning.

]]> Comment on Spin The Wheel And Win With Real Estate by Peter Bland http://www.middleclassmillionaires.com/blog/2007/10/04/spin-the-wheel-and-win-with-real-estate/#comment-21279 Peter Bland Mon, 26 May 2008 09:05:15 +0000 http://www.middleclassmillionaires.com/blog/2007/10/04/spin-the-wheel-and-win-with-real-estate/#comment-21279 The good thing with globalisation is that there are lots of different property cyles, so there is always somewhere on the up, you just need to be confident about buying abroad. The good thing with globalisation is that there are lots of different property cyles, so there is always somewhere on the up, you just need to be confident about buying abroad.

]]> Comment on Real Estate Investing for Mid-Term Profits. by Lyn Smith http://www.middleclassmillionaires.com/blog/2007/08/17/real-estate-investing-for-mid-term-profits/#comment-21278 Lyn Smith Mon, 26 May 2008 09:03:12 +0000 http://www.middleclassmillionaires.com/blog/2007/08/17/real-estate-investing-for-mid-term-profits/#comment-21278 In developing countries there is a big market for property flipping in new developments. I myself and considering getting involved. Most developers only require a 20% downpayment and so with this leveraging it is possible to make big returns of, say 100% over the course of 1 or 2 years. In developing countries there is a big market for property flipping in new developments. I myself and considering getting involved. Most developers only require a 20% downpayment and so with this leveraging it is possible to make big returns of, say 100% over the course of 1 or 2 years.

]]> Comment on Beneath The Surface Of Real Estate Investment by Fred Kropp http://www.middleclassmillionaires.com/blog/2008/05/13/beneath-the-surface-of-real-estate-investment/#comment-21182 Fred Kropp Sat, 24 May 2008 02:52:41 +0000 http://www.middleclassmillionaires.com/blog/?p=124#comment-21182 I purchased 8 condos in estes park with my partner. We completely went through them new plumbing electrical lots of tile they are very nice.The problem is we have no history on them as far as income they were in need of a remodel. They have been their for a long time same property mgnt. The banks say they need two or three years income history. Do you have any suggestions . Thank You Fred Kropp I purchased 8 condos in estes park with my partner. We completely went through them new plumbing electrical lots of tile they are very nice.The problem is we have no history on them as far as income they were in need of a remodel. They have been their for a long time same property mgnt. The banks say they need two or three years income history. Do you have any suggestions . Thank You Fred Kropp

]]> Comment on Catching A Realistic Vision Of Real Estate by Vancouver realtor http://www.middleclassmillionaires.com/blog/2008/05/02/catching-a-realistic-vision-of-real-estate/#comment-20583 Vancouver realtor Wed, 14 May 2008 11:51:32 +0000 http://www.middleclassmillionaires.com/blog/?p=122#comment-20583 Nice of you to let people know that they could make a considerable amount of money on<a href="http://jaybanks.ca/real-estate" rel="nofollow"> real estates</a>. The main idea they should get is that they should think, analyze and calculate. That is what I tell my clients. Not to jump the first offer they like. Comparison and realistic expectations should be in the focus. Anyway, it would make my job more easier when people would think more. Nice of you to let people know that they could make a considerable amount of money on real estates. The main idea they should get is that they should think, analyze and calculate. That is what I tell my clients. Not to jump the first offer they like. Comparison and realistic expectations should be in the focus. Anyway, it would make my job more easier when people would think more.

]]> Comment on Is this a real estate deal you should run with, or run away from? by Middle Class Millionaires : Beneath The Surface Of Real Estate Investment http://www.middleclassmillionaires.com/blog/2007/06/19/is-this-a-real-estate-deal-you-should-run-with-or-run-away-from/#comment-20521 Middle Class Millionaires : Beneath The Surface Of Real Estate Investment Tue, 13 May 2008 17:45:24 +0000 http://www.middleclassmillionaires.com/blog/2007/06/19/is-this-a-real-estate-deal-you-should-run-with-or-run-away-from/#comment-20521 [...] The text for this video was taken from an article Roger wrote last June, “Is This A Real Estate Deal You Should Run With, Or Run Away From?” [...] [...] The text for this video was taken from an article Roger wrote last June, “Is This A Real Estate Deal You Should Run With, Or Run Away From?” [...]

]]> Comment on Potential Short Term Real Estate Investments by Bob Simpson http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19501 Bob Simpson Fri, 25 Apr 2008 05:42:34 +0000 http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19501 A key factor in all of this is being patient. Being able to wait with money in the bank until the right opportunity comes along. A key factor in all of this is being patient. Being able to wait with money in the bank until the right opportunity comes along.

]]> Comment on Potential Short Term Real Estate Investments by Lyn Smith http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19500 Lyn Smith Fri, 25 Apr 2008 05:39:41 +0000 http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19500 Apparently their is also potential for short term real estate investments in the virtual world - but I don't really understand what this is. Apparently their is also potential for short term real estate investments in the virtual world - but I don’t really understand what this is.

]]> Comment on Potential Short Term Real Estate Investments by Alec Bobdon http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19241 Alec Bobdon Mon, 21 Apr 2008 09:26:39 +0000 http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-19241 One thing that buyers have to be careful of is people doing No. 1: fix and flip, and trying to squeeze as much profits as they can out of the transaction by using very low quality materials in the refurbishment. I've seen some real cardboard interiors. They look nice, but will fall to bits after 1 year. One thing that buyers have to be careful of is people doing No. 1: fix and flip, and trying to squeeze as much profits as they can out of the transaction by using very low quality materials in the refurbishment. I’ve seen some real cardboard interiors. They look nice, but will fall to bits after 1 year.

]]> Comment on Real Estate Investing for Mid-Term Profits. by Alec Bobdon http://www.middleclassmillionaires.com/blog/2007/08/17/real-estate-investing-for-mid-term-profits/#comment-18805 Alec Bobdon Sat, 12 Apr 2008 14:49:06 +0000 http://www.middleclassmillionaires.com/blog/2007/08/17/real-estate-investing-for-mid-term-profits/#comment-18805 A friend of mine bought a condominium in Bangkok and he was the 4th buyer for that unit. The amazing thing was that the building was no even completed yet, it was still another 9 months from completion!! So in Bangkok there are a lot of people looking for short term investment. A friend of mine bought a condominium in Bangkok and he was the 4th buyer for that unit. The amazing thing was that the building was no even completed yet, it was still another 9 months from completion!! So in Bangkok there are a lot of people looking for short term investment.

]]> Comment on Put $500,000 Into Your Nest Egg by Peter Bland http://www.middleclassmillionaires.com/blog/2008/03/12/put-500000-into-your-nest-egg/#comment-18785 Peter Bland Sat, 12 Apr 2008 03:36:01 +0000 http://www.middleclassmillionaires.com/blog/2008/03/12/put-500000-into-your-nest-egg/#comment-18785 I am self employed and currently don't have a pension scheme set-up, so I may very well have to go this route. When I get older and my kids grow up, I won't need a big house anymore anyway so I think a natural process for many is to downsize and realease some capital in the process. I am self employed and currently don’t have a pension scheme set-up, so I may very well have to go this route.

When I get older and my kids grow up, I won’t need a big house anymore anyway so I think a natural process for many is to downsize and realease some capital in the process.

]]> Comment on Potential Short Term Real Estate Investments by Peter Bland http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-18784 Peter Bland Sat, 12 Apr 2008 03:31:52 +0000 http://www.middleclassmillionaires.com/blog/2007/08/10/real-estate-short-term-potential-investments/#comment-18784 When looking to make money with option number 1: "Fix and Flip", I usually go by this formula to calculate the suitable purchase price: (expected Sales price after renovation x 75%) - cost of renovation = My Offer Price When looking to make money with option number 1: “Fix and Flip”, I usually go by this formula to calculate the suitable purchase price:

(expected Sales price after renovation x 75%) - cost of renovation = My Offer Price

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