5 posts tagged “bob burns”
Hey Gang:
f
you haven't seen this yet (I sent it over a few weeks ago) then check
it out now. It's really cool (and scroll down and check out the games):
http://www.freedomsoftiscoming.com/?a_aid=4a9e595b0bb85
(If link fails, CUT and Paste link into your browser)
- Bob Burns
This web site www.blowoutproperties.com allows you to sign up for boot camps occurring all over the country Miami Fort Lauderdale Atlanta Las Vegas Orlando. They provide Bank Owned properties, single family homes, at highly discounted prices.
What I like is that they provide a Turnkey solution for investors or first time home buyers. They provide funding rehabbing services and property inventories all over the nation.
What all these pundits don't understand is that your economy is local in nature and not some global juggernaut. The only economy that matters is between you and your customer. In
tough economic times the constant drumbeat of negative press takes its
toll on the American psyche. But with that said, your economy and
success lies in you, not some pundit in Washington. No matter what,
people still need to eat, fix their cars, buy clothes. They may not
spend money like they did before, but they will spend money. Look
around at your local restaurants: most still have waiting lines! And
the very good ones are still packed every night. People are spending
money, but with the businesses that appreciate them. They are making
their own economy and are choosing not to participate in this
recession. Your attitude is crucial to your success. You will have to
decide for yourself whether you are going to succeed or fail, but
ultimately you're responsible. You must own it!
The
new year is only a few days away and all the media pundits and
politicians tell us that 2009 will be a disaster. Government bailouts
are being approved for many of America's industries. The National Debt
is increasing at record speed.
We
all hear that the Economy is failing and there is nothing that you and
I can do about it. Local as well as national papers tell us the economy
is out of control, and we must go along with our Government and hope
that their interventions will pull us through.
Now
think about this for a minute: Here is some columnist who lives in New
York or Washington, or a politician telling you that you will not be
able to control your own economy, you will suffer and your family will
have to do without. I don't know about you but I find this totally
unacceptable.
Some of the many benefits my associates and MREIA members receive are the experience we offer them and because of the networking, the benefit of everyone else’s experience.
If you are a newbie (new to real estate) having someone, a mentor, to ask questions is a blessing. I am always saying – “Look at all the mistakes I can tell you about and how to avoid them while pursuing a deal or making a purchase.”
One of the things as a Newbie, that took me a while to grasp, was creating a business entity and team building to help achieve our objectives, reduce mistakes and limit risk.
Below is a brief outline of items you should address to help you get started in your real estate investment career or hobby:
- Before you Start Looking for Deals
- Make sure EVERYTHING IS IN WRITING.
- Join a Real Estate Investors Association REIA.
- Open a Corporation
- Create Articles of Incorporation
- Identify corporate Officers: President, Treasurer, Secretary, etc.
- Need to declare number of outstanding shares and price per share.
- Buy/Sell Agreement or Share Ownership Agreement.
- Want the ability to move shares when board of directors change.
- Make sure you have a Shotgun Clause.
- Dictates that if you are in a partnership and the partners want to get rid of you, you have to be bought out.
- Company Seal
- Meeting Book
- TAX ID # or EIN #
- Print up Your Business Cards
- Business Bank Account
- Documents Needed to Open an Account
- Drivers License with Photo
- Articles of Incorporation
- Certificate of Status
- EIN #
- Signatures of Corporate Officers
- Bank Stamp for Deposits
- Build Your Team
- Real Estate Accountant
- Real Estate Attorney
- Business Plan
- Attend Conventions
- Develop A System
Next Step: Finding a Deal
Don't Talk About, Be About it!
Bob Burns
Click HERE to View our Mentorship Program OutlineMy Groups
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Miami Real Estate Investor Association MREIA (host) Updated: Oct 27, 2009
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