Creating Wealth Through Real Estate

I just announced a new program in which 4 individuals will be invited to learn right along my side as we invest for profits in real estate. I will turn 4 newbies into actual investors within a short period of time while utilizing some of the strategies which have made me successfull!

I thought it would be fun to blog about the progress of these individuals once they have been chosen so that everyone could hear about their upcoming success stories. Stay tuned as my BP blog will divulge the upcoming events right here and announce the lucky 4 individuals (code names may be used for their privacy if they choose)

We are looking for ONLY four (4) serious and dedicated people who are wanting to become real estate investors who will be committed to success. If you are one of those 4 people, please send us an email to will@nationwidepropertyinvestments.com for an interview. Not all applicants will be accepted and you MUST be serious about success.

We will mentor you one on one from start to finish right through a real deal that YOU make profit on! From locating the deal, to negotiating it, to building your team, to funding your deal, and finally through the exit process to where you cash your check! We will be there every step of the way, giving you each and every detail so that you may duplicate it on your own. Never before have we offered this opportunity and we may not again.

So what is the catch you might ask? No catch other than you pay us for our services. If you don't make enough money to cover all your costs and have double that for your own profit, you will ONLY have one person to blame - YOURSELF. We successfully complete these deals each month and will train you how to do the same, right along with us. No costly mistakes on your part, no long periods of time building teams, use us and our network of professionals to profit from your very first deal!

Do not delay as we will only have time to take on 4 people for this excellent opportunity! Stop the excuses. Get started making money investing in real estate today!

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Hellow fellow investors. As promised in my last blog post, I would blog about my Granada Hills, CA rehab flip project I currently have in escrow with the bank. For those who missed my other post, I got this REO at a steal and was originally going to wholesale it to an investor, but my numbers came in even better than expected and I decided to keep it all for myself.

Now that the difficult part of getting the right deal under contract is complete, I have been getting my bids from contractors and service providers on all the rehab work needed for this project. I have been meeting several contractors at the property location going over in fine detail what I want done, and what I expect of them. I am still waiting for some final bids to come in and then I will make all the decisions as to who gets what job for each item.

Here is a list of items I will be doing on this project:

Demo wood paneling on exterior, stucco all areas where panelling was removed, replacing two windows and two window sliders, paint entire exterior including the eaves, repair damaged wood on eaves, very minor roof repairs, adding an attic fan with thermostat control, repairing pool tiles, replacing pool heater, replacing spa skirt with new wood siding and paint, adding carpet to living room and master bedroom, remodel both bathrooms including new shower, new tub, new tile, new vanities, new countertops, new sinks, etc, replacing all interiro doors with new 6 panel prehund doors from HD, adding new baseboards & door mouldings throughout entire house, painting entire interior of home, adding new stove, oven and dishwasher in kitchen, building shelving in pantry and adding a nice glass door, and finally doing a complete overhaul of teh landscaping both in front and back to create a very nice curb appeal.

My original budget was for $38,000 and it looks like I will be able to keep it to $30,000 or under. Next is to have my home inspector come out and inspect the property. I ALWAYS hire these professionals, no matter how well I self-inspect, simply for peace of mind and to have another set of professional eyes on the problem. I could easily have missed something or two. The cost is minor and is worth it to me. I recommend investors to get this done. Cutting corners to save a few hundred bucks does not seem like a smart move to me and if your deal is so tight, you can't afford this, you don't have yourself a good enough spread in your deal. Same goes for the appraisal. I will be ordering this as well. Although I pull my own comps and visit each of the properties in person, I want to have another opinion on my ARV price point. Again, it is worth the extra costs to me for another pros opinion. I am paying all cash for this deal, so an appraisal is not required, but it is by my standards and I also recommend other investors do the same. A mistake in your own inspection or appraisal could cost you much more than the simple costs of these two services.

In my next blog post, I will provide some photos of the project and update you on how the quotes came in, who gets the jobs, and what the status of the closing is.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

When the real estate market was going crazy and prices were climbing 50 times faster than incomes, flipping in CA was so easy, even a cave man could do it. In fact, several did! (ha ha) In a down market, flipping is not so easy and requires a combination of great contacts, extensive market analysis and research, tons of man hours, and a bit of luck getting the right place for the right price.

So, can investors flip in Southern CA, making nice profits while not exposing themselves to undue risk? The simple answer is yes, but as previously stated, it is easier said than done.

I currently contracted an REO in Granada Hills, CA and was able to get this great property for a steal from the bank. I had sent out some emails to persoanl contacts as well as posted an ad for it here on BP and had quite a lot of responses, all wanting more information, which I provided. During the process of my due diligence, which included getting bids from contractors and service providers for the rehab/upgrades, I found that the projected repairs were higher than the actual costs and the re-sell value projected was lower tahn the actual. That is a very uncommon occurance, usually the other way around. That being the case, I have decided it has too much equity and profit to give away and thus, I will be completing the transaction and rehab /flip myself and not wholesaling it to anyone.

Lesson to be learned here? If you snooze, you loose! If any one of the many interested parties had pulled the trigger fast enough and contracted with me, they would be reaping the rewards of my aggressive repair numbers and lower re-sell numbers.

Since I intend on posting more frequently on my BP Blog here, I will be writing about this project from start to finish so that you may all benefit from reading and viewing an actual CA rehab flip from start to finish (including the pool party bash after rehab work is done). The before pictures may be found on my property listing, however, keep in mind that I will no longer entertain an offer to purchase it.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

This whole Manny Ramirez drug positive situation reminds me of what I have been saying for years. Time and again, I read, educate, talk about, and advise on scams, frauds, and dishonest hebavior in the RE world warning would be victimes of the typical and creative strategies chetas and thieves use to scam people from their money.

What have I said all these years you may ask! "There are so, so many ways to make big money investing in real estate, why is it that so many people choose to cheat, steal or commit fraud to make a dishonest buck!" Contractors going to homewoners giving bids and demanding 50% payment upfront, receiveing the funds from the unsuspecting homeowner, never to see the contractor or their money again. Equity stealers convincing homeowners to sign over their deeds and the so called investor never paying the mortgage or to be seen again. Crooks taking down RE agent yard signs and replacing them with their for rent signs, placing an unsuspecting tenant in the house and collecting a full months rent and deposit, only the home was not their's to rent.

Why, why, why???

Manny Ramirez reminds me of all the scam artists and crooks committing fraud and stealing money from desperate and unsuspecting victims. Baseball fans are NO DIFFERENT! We pay their salaries, cheer for them, suppport them, wear their uniforms, and buy their expensive $12 beers nan then we get slapped in the face and kicked in the azz. The Goose said it best in a box office in-game interview during the Angels game Thursday night when he stated that these punks have no respect for the game and their fans. They have no business in baseball and their antics on and off the field are a discrace (I am paraphrasing and not quoting here).

So for all you investors and future investors, it is JUST AS EASY to earn a living doing things right, legal, and ethically as it is to cheat, steal and commit fraud. Take the higher road and perhaps someday, we can do away with all the new rules regulations and potocals which are (so-called) designed to prevent the crooks from operating (but really just hinder the honest investors).

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

California loacted REO's require a specific breed of investors to maximize success. We all to often hear about creative financing strategies to acquire properties and while they may be true, they do not work for all types of investments in all cities across the country.

California had one of the largest rapid real estate booms ever from 2001-2006. Home prices shot up so fast, it was impossible to keep up. Any home, in any area, in any condition could have been purchased, sat on for 3 months and resold for tens of thousands of dollars in profits. Now that the bubble has not only burst, but exploded, we have experienced one of the greatest rapid declines in the country over the last two years.

REO properties are everywhere. So how does one profit in this current CA market? Prices have dropped so far and so fast, that in many areas of Southern California, homes are once again affordable to first time homebuyers as well as other buyers. We are experiencing multiple offers at and above asking prices as buyers attempt to outbid the next. Banks are aggressively underpricing their properties knowing it will create the buying frenzy and have multiple bids within the first day the property hits the MLS. This does not make for a profitable situation as an investor as we would never participate in a bidding war. Once more, we can not compete with an end user who is willing to pay full market value for a home.

Properties that have been listed for over 120 days are usually in very bad shape and or in very bad areas and do not always make for great profit potentials for us investors. I have found the best deals by getting my offers in to brokers before the property ever hits the MLS. I also meet the BPO agent there to encourage the very lowest BPO submittal price as possible. Then, assuming the bank came in at or below the suggested list price, I have the broker submit my all cash offer before the public every knows it is there.

A few days later (assuming all goes well) I have locked up an REO at a great price and look to rehab and flip it to an end user (retail it) or flip it to a rehab investor (wholesale it). All cash offers get it done and it is very difficult to get your price points when you must use debt leverage when dealing with banks.

If you want to agressively go after the REO market in CA, come equiped with cash, as your net result will be much more profitable. Good luck and happy investing.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!