“Real” Estate Entrepreneur

Okay, so I know that is a different title than we are used to but I just need to express how pertinent and undoubted belief in the flow of the universe and abundance really is.  Recently, I was questioning the direction of the business and told myself if a much needed refinance is supposed to happen it will.  I have a 70+% debt to income ratio as I am sure most of you do as we write everything off.  I got approved for a 70% refinance on a property I own.  The appraisal came back too low as everything is in this economy.  The bank still approved the refi and the world makes sense again.

This happens to me all of the time.  The last notable situation was a couple of years ago when nothing was going my way and out of the blue in quite a time of despair, I received an unexpected IRS check for $3000.00.  Why does it happen to me?  Does this happen to you?

Well, I will tell you it is because I am doing what I am meant to do right now.  Are you?  Are you putting out max effort to achieve your dreams? 

Business is slow and we are in the worst recession we will ever see in our lives, hopefully, but someone out there keeps me on the right track and keeps me going.

I dont know what it is but I like it and am thankful for it.

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REAL ESTATE ENTREPREURS HELLO!

Well, first of all if you havent watched my new baby please watch the video blog below as she is the cutest.

I just wanted to hit on a couple key points today.  I wanted to tell you how great of a job you are doing and how proud I am to have you read my thoughts.  Just by reading this, I know that you are just like me in the fact that we want more out of life and we are willing to work for it.  If that isnt a description of you, PLEASE STOP READING THIS!!!

I have an appreciation like no other for people like us.  I just hope you realize that we are in the worst economy since the GREAT DEPRESSION right now and if you are still standing tall with your own business, keep it going!  When the market and economy turns we will be an unstoppable force.  Here in Charleston, In 2007, there was around 7000 Realtors in the area and now we are under 2000 with a bunch of inactives.  What does that tell you?  That those of us that are left are willing to put in the work!  Stop a second, give yourself a pat on the back!  Congratulations! 

Well, with that being said, if you know of anyone that wants to buy or sell here in Charleston or wants a renter or anything, let me know, we can all use a bit more business.

Keep working hard and believe in abundance!  Believe in the universe and believe in yourself.  Love everything and everyone!  Be kind, rewind and all of that too!

Tags: charleston real estate, Motivation, Real Estate Entrepreneur
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For your viewing pleasure!  As you can see my priorities are changing everyday.

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Well, I am writing this one today as we all know that this recession is hurting all of us.  I will tell you as a landlord of ten rental units we are hurting as well.  Renters think that landlords have all of the money in the world and that the landlord just takes this money and flies off to Aruba with it on the weekends.  Well, I am going to St. Croix for the weekend but it is on the AF Reserves dime.  The truth of the matter is that most landlords only make $100-200 per month on their rental properties if that.  I have run into and even have my own rentals that just break even and even negative cash flow on the mortgage payment.  Most people just allow these to fall through to foreclosure while the respectable people try to make up the difference.

The difficult part of this is that in todays economy renters are losing work and getting ripped off which doesnt give them the ability to pay their rents which in turn sucks the landlords dry.  I know the feeling as I am owed about $4k right now and am considering eviction on a couple of tenants that have always been good tenants until they were put out of work.  I wish that I could help more but it isnt practical. 

I know you are thinking,”You have to treat it as a business, and kick them to the curb!”  I disagree with that feeling.  While, Yes it is a business, more than likely I wont be able to rent the properties immediately to another tenant due to the market and these are good people.  When you have worked with someone for years they become more than a tenant, and when they are having a hard time, you want to help. 

If the people are bad people, drugs and drinking all of the time, kick them to the curb.  Trust me I have been there as well, and I have no remorse over kicking people to the curb that are a drain on society, I even kicked a guy out on Christmas Day before.  When I was in the military and just beginning this, there was a rumor about me that I shut the electricity off on my own sister’s place.  Thats not true at all, and my sister and I have a great relationship, but I am no stranger to bad people and doing what is necessary.

The balance is here that you have these good people that are having hard times like all of us and they have to go.  It is too bad because in any other circumstances this would never happen.  I try to help but once it starts to hurt the pocketbook, it has to become a business once again.

Tell me what you think and how you handle your property.

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Our Precious Baby Girl Sophie Mai was born June 29th at 6:17pm.  She was 5 lbs 15 oz and has a full head of beautiful black hair. 

She is such a good baby and we are soooo in love!!

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