Naked Lady Real Estate, The Bare Truth About Real Estate Investing

Foreign Investors Not Yet Returning To US Real Estate Market

Foreign Investors Not Yet Returning To US Real Estate Market

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Deal In South L.A. available now 9/16/09

HOT OF THE PRESSES DEAL! - I just looked at this Yesterday and Dave has in under contract Now>

Amazing deal that we want to start remodeling tomorrow! 

SO. L.A.  - Currently a duplex (1 beds ea) W. 61st. St.

ARV $410,000-425,000 with new addition in back
Purchase price $170,000   Repairs $110,000
Carrying and Escrow: $4,500
Total Amount to Borrow: $280,000 - TODAY NEED the first  $170K to purchase
Terms:  Call for details
Your Loan is secured by real estate trust deed.

Bank owned (ZONED R-2) We're going to rehab the main house & turn into a 4 Bed which is in ok shape already. Then we will build a brand new 3 bed in the back  (approx 1200 sf).

Please contact me immediately - for further details as well as additional pictures, and information on the investors we are buying this from and who will be our general contractors on the rehab and new construction for he addition.  They have rehabbed deals like this over a dozen times in So. LA.  They are brokers and general contractors.

Contact me immediately at  rosie@nakedladyrealestate.com    Office  310-280-9418 
Cell 310-425-2695

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This is a yes post.

Make Me an Investor - This Thursday!

Join us for our Monhtly Meeting!  Networking, Education and Deal Making!

September 10th, Thursday (2nd Thurs of each month)

 

6:30pm - Networking Begins 
7:15pm - Deals, Wants & Needs 
8:00pm - Speaker Begins

Come early and sign up to Announce your own Wants & Needs at the beginning of each meeting!  

TOPIC:  Make Me An Investor  

Speakers:  William Barnard and Michael Gier of Nationwide Property Investments  

My good friends Will Barnard and Michael Gier are coming in to talk to us about their real estate investing strategies and systems.   I have been telling you at my meetings that I am going to only bring in working real estate investors from our own backyard to teach us what they are doing in real estate investing today, in this market.  These guys are two of my favorite "go-to" guys when I have questions or am just seeking advice or even moral support in the business.  

 

Please  join us this month for another of my must attend meetings and learn how to be a successful investor in today's market as William Barnard and Michael Gier of Nationwide Property Investments offers an informative educational evening which includes a Q&A session with the audience. So bring your questions and get them answered.

Location:
Naked Real Estate Investors Center
(located in Los Angeles Meeting & Event Center building)
10601 Washington Blvd
Los Angeles, CA 90232
Corner of Washington Blvd & Overland
310-280-9196

CLICK HERE FOR FURTHER INFORMATION on the Meeting

See you there!

Partners in real estate - ey curumba...

One thing I have realized in the last several months more than anything is that is partnering with people in your own company is a bad bad bad idea. And I am talking about "sweat equity partners".  For christ sakes, how many times must I learn the lesson of not taking on partners in my businesses!  Should I partner with people on specific real estate deals - sure!  You betcha!  But no more sweat equity partners.  Show me the money or show me the deal.  Now, should I partner in a real estate investing company and do all my deals with a partner.... hell no!  What a schmo..  Lord have mercy, I’m the one who has the real estate club, who has worked my butt off, scrimping, scraping, and working my fingers to the bone to build it.  Why oh why, do I think I need to take on a partner to do all my deals with? 

Well for one - I keep thinking I do not have the time to take it all on myself.  I am busy with the Club and now my new LA Meeting & Event Center and just felt like having a partner to carry half the work load - would be a great help to me.  But “half the work load” seems to be a complex, twisted, perception to most people.   I have only one way of defining work load.  Are you physically doing half the work – yes or no?  Are you doing the marketing? Are you bringing in the deals?  Are you bringing in the capital?  Are you managing the job?  Yes or no?  It’s very simple.   If I am going to do all the heavy lifting – then what do I need you for?

Listen people, I have learned the hard way to not be eager to take on partners in real estate investing or any other business for that matter.  And if you do – then for goodness sakes, please please please identify from the very beginning what is expected of each person and put it in writing!  Never make deals on a handshake, good faith, or because someone has a good reputation.   All the above is good to start – but always define it and then put it in writing!  Ask me how I know this.  I am the poster child for trusting people & doing deals on a handshake.  Sometimes I’ve come out fine and sometimes I haven’t.  The times I haven’t are the ones that hurt and they hurt bad.  Sweat Equity Partners = Pain-in-the-Assness.

I have gotten some real good advice from my friend Dave Berens lately on partnerships.   He is very clear with me;  I do not need a partner in my real estate business.  But what is OK is for me to partner up with people on specific individual deals as I see fit.  Nothing more.   So let this be a lesson to myself.  Stop the madness of taking on partners in business!  And if you do – then define it,  tweek it, hammer it out, then get it all in writing! But above all – for real estate deals – just take on a partner – per deal. Learn from me – please.  Don’t do it baby!