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Sorry it’s been a while since I’ve posted.  I’ve been super busy with the Holidays, work, a blizzard and tons of family obligations.  Also, I have been terribly sick the past few days…so I haven’t even been on the computer at all lately!   😉    Due to all the holiday craziness, I took a break from REI the past couple weeks (with the exception of checking MLS listings and looking at one rental property).  However, I am planning to get on the horse starting on Monday.

Oh, and right before Christmas, a friend called me saying her daughter had lice (one of my daughter’s good friends.).  Apparently, a ton of kids in another class had it. Yuck!   Ugh..I had to spend tons of time washing everything as a precaution and checking my daughter’s head constantly (thankfully, she’s all clear!!).  So, because of this, I did a ton of research on lice prevention and some good tips for doing so safely.  For example, I sprayed a mixture of tea tree oil and water on her head as one means of prevention (here’s a tip: tea tree oil should be used with caution on pre-pubescent boys!) .  Maybe I should write an ebook about it to create some passive income!

I did get some cool Christmas gifts, such as some workout stuff and some REI books.  My husband also bought me the book The Go-Giver, so I’m excited to read that one.  (Thanks for the tip on that book, Shae and Steph.)

In between resting and watching TV today to feel better, I did take a moment to write down some 2011 goals on an index card.  I wrote down things such as – monetizing my blog and further monetizing my other websites (such as http://www.buying-your-first-home.com), eating better and getting back to working out, creating more passive income streams, obtaining rental properties with positive cash flow, etc.   Did you write down any goals?  If so, what were they?

On an unrelated note, just read this article about how it’s great having a December birthday (the comments are very interesting, too).  For someone who is born right after Christmas, trust me, it ain’t all it’s cracked up to be. I’ve always wanted a June or August birthday.  When you’re born near Christmas, people often forget your birthday and the insulting scribble of  “Happy Birthday” as an afterthought sent on a Christmas card gets me riled every time.  I’d much rather take a (free) phone call to wish me Happy Birthday.  Although since there are 2 other family members with birthdays right around mine (my dad’s was on Christmas Day), my husband, friends and family are really great about making my birthday special.  And my husband knows to NEVER wrap my birthday presents in Christmas paper.  That’s the biggest insult of all! LOL!

2011 is going to be an awesome year!  I still plan to be out of my job this year, baby!

Happy New Year and Happy Investing! 

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In a previous post, I talked about my favorite REI podcasts.   Well, seeing it’s the season of giving, I thought I’d share a few more of my favorites, which teach me things and keep me motivated:

  • Lifestyles Unlimited – This is a REI coaching company from TX that has an (almost) daily radio show, which is also posted on iTunes.  It’s a great show and I learn a lot every time I listen. They always give sensible advice, which I like.  Their main focus is buy and hold/rentals, but they discuss all areas of REI.  I wish they had coaching nationwide!
  • Flip2Freedom.com – This is a fairly new podcast hosted by Sean Terry.  He’s a wholesaler that recently set up a coaching program.  But, even if you’re not interested in the coaching, the podcasts are really helpful, especially if your focus is wholesaling. (Also available on iTunes.)
  • Blog Talk Radio – This website has tons of podcasts about all sorts of topics, including REI.  I like several REI shows on this site, including Peter Giardini’s. (Also available on iTunes.)

Oh, and speaking of motivation, Steph over at flipthiswholesaler.net had a contest regarding what motivates her readers and the winners get to attend a coaching call with her.  I was selected as one of her winners!  Yeah!!   Holy cow, this is my year of winning these blog contests (don’t hate!).  I need to translate all these winnings into cash dollars!  Writing that just made my think of “GSM,” as my husband always says, based on that hilarious “Gimme Some Money” song in Spinal Tap!  LOL!  Ok, I just amused myself, gotta go!

Hope everyone had a great Thanksgiving!

Happy Investing!

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Scott Costello, from one of my favorite blogs (http://www.strugglinginvestor.com) posted a contest for to rename his blog.  Scott is a 9-to-5er, like me, struggling to work a J-O-B and RE Investing.  So, obviously, I can really relate to his blog.  Well, he had a contest to give his blog name a more positive spin (instead of “struggling”) and he picked my submission!  Wow, I never win stuff, so I’m super excited, especially with the frustrating week I’ve had!   I won some Steve Cook DVDs, which is freakin’ awesome!!  Thanks, Scott, for choosing my domain name submission.

Check out Scott’s blog post here.

BTW, there is still a whole issue with getting our offer submitted on that REO due to the pre-approval letter.  Arrghhh.  I’m ready to rip my hair out.  More to follow in another post.

Happy Investing!

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One of my favorite sites, BiggerPockets.com announced their Top 20 REI blogs.  There are some great ones on the list, some I visit regularly, and a few new ones I’ll need to check out. Congrats to all the winners!

If you’re new to real estate investing or even experienced, check out these blogs and I guarantee you’ll learn stuff and be entertained, too!

Happy Investing!

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Hi Everyone,

I’ve been listening to a lot of Real Estate Investing podcasts lately.  I don’t have much time during the day to listen, so I put them on my iPod and listen at bedtime.  That way, I can squeeze in some listening time. Although sometimes I listen using headphones at work, or when I’m working from home.  Nothing like dreaming about the future when I’m at my J-O-B :-).  Some of my favorites are:

  • Vena Jones-Cox – I just love her.  She’s been RE investing for over 20 years.  She sells excellent courses on wholesaling. However, these podcasts are from her Wednesday radio shows on WMKV.  They are no-sell, no-pitch, all content podcasts about all areas of REI. I think I’ve gone back to the archives and listened to about all of them. Great content! (Also available on iTunes.)
  • Steph Davis from flipthiswholesaler.net.  She’s awesome, too.  She has a great blog about wholesaling and has started doing these “Flip This Success Story” interviews with other investors and wholesalers.  These are great and I love hearing hands-on examples and how others are succeeding in REI. That’s really motivating for me.
  •  The Real Estate Guys podcasts.  There are hundreds of podcats available from these “guys” that cover all sorts of topics, from beginner to advanced topics.  These podcasts do have commercials, but other than that, are filled with really good content.   (Also available on iTunes.)
  • Get Real REI podcasts.  These are podcasts from Judson Voss and Allison McArthur.   Lots of good info and some video podcasts, too.  Sometimes they are silly, but that’s fine by me, since there’s also really good content.   (Also available on iTunes.)

There are several other podcasts out there that are ok, but are usually 15 minutes of content and 45 minutes of selling the latest and greatest products that you MUST own (act now and they’ll throw in a set of Ginsu knives).   I do listen to those, but I prefer the pitch-free ones!

Are there any podcasts that you like?

Happy Investing!

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Hello Everyone,

I found this video on REItips.com, which talks about The Secret, Law of Attraction and Real Estate Investing.  I love it…check it out!

Do you use The Secret, Law of Attraction, Power of Positive Thinking, etc. to help you succeed?  I think using positive thoughts and motivation helps in all areas of life.  And, getting rid of negative influences (or people) in your life is a huge help.  I don’t like getting sucked into people’s drama or negative vibes.  I just try to distance myself from all that negativity.

What do you think?

Happy Investing!

PS – Happy Father’s Day to all the dads  out there!

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Just wanted to do a quick check in.  This week, work and family stuff have been keeping me super busy!  Even so, we’re going to look at a property tomorrow that could be an awesome rehab deal.  Although we’ve been focusing on wholesaling, the numbers on this look so good, working it as rehab might be worth it.

The house is a foreclosure – 4 bedroom, 2 bath, 2 half bath colonial on 1.3 acres.  It’s got a nice yard and inground pool.  The inside is ripped down to the studs in a couple rooms since the pipes burst while the house was vacant over the winter.  It’s built in 1985, so we wouldn’t have to worry about the new EPA lead law crap.  Also, the house has town sewer, which is a big plus around here.  A lot of houses have septic systems, which in MA are super expensive to fix (called Title V).  A full septic replacement can run $10 to $30k, which is crazy…and can really eat away at your rehab budget.

The ARV is about $450k (conservatively), listed at $274k.  We’d need to get it in the low $200s (or less) to make it a deal…but we won’t know for sure about all the repairs until we see it tomorrow.

I’ll keep ya posted.

Happy Investing!

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