Free Real Estate Investment Spreadsheet to all readers!!!

Email me for a free copy of my investment "cheat sheet"

As you can all probably figure I spend a good part of my days searching for the next GREAT deal. As I have talked about in the past it takes more then a "drastic price reduction" or an "extremely motivated seller" to make a deal great. This chart will help you easily and quickly decide if the property is worth your time and effort or not. If the numbers don't work, don't try to make them work.......MOVE ON!!

If you would like a copy of this spreadsheet just send me a quick email, I would be glad to send it over.

-Rick
rick@rickrapp.com

DEALS ABOUND!!

There are deals all over the place!! Check out this three story townhouse I found for an investor group from out of state. Three bedrooms, three full baths, two car garage, rentable at $1900 a month, previous owner paid $511,000 in '06........we paid half of that!!!

This is the kind of stuff you need to be buying, and now!! This market will not remain for ever, you need to find the deals and move quick. When we went to contract on this unit there were four other offers on the table, a few were actually for more money!! But I know how to negotiate, I know how to get you the best possible deal available.

This home will go back up to its original value in a few years (people are still trying to sell them for $500+) and when it does the set of investors that purchased will make a HUGE profit....not to mention that while they wait for the property to appreciate.......The HOME IS PAYING FOR ITSELF!!!

It's like taking candy from a baby right now....if you want to make the kind of money you read about in those how to books, or see on late night infomercials, do it the smart way, the real way, the RIGHT WAY.

Contact me today to have opportunities like this sent to you on a weekly basis.

- Rick
rick@rickrapp.com

Flipping in today's market

What are you.....nuts?

I recently attended a Real Estate Investment Expo and quickly noticed that a bulk of todays "investors" are still interested in flipping homes. WHY? If you are watching the market you should realize this is not the time to sell anything, and I mean ANYTHING. Now is the time to be a long term buyer.

Flipping and flippers scare me in this market, not personally, but I get scared for them. I think a lot of people have been watching to much TLC and home flipping programs. They need to make a program titled "The ultimate Landlord" it is much better suited for the market we are in.

It does not take much more then common sense to realize this is the time to be a holder of property. Why would you buy something that someone can't sell only to try to sell it a month later? I don't care how much "curb appeal" you think it needs, or how the new paint job should really spice things up. You are NOT going to make any money!! Why not?

Because it costs you at least 10% to purchase then resell any property, and that does not include taxes!!!!

Be smart people, don't believe the hype.....do your homework first and then make money!!

Look for property that you can rent out for your holding costs
AND DON'T THINK THEY ARE NOT OUT THERE
THEY ARE ALL OVER THE PLACE!!

If you can flip it, you can rent it

Appreciation is the name of the game in this market. If you can find something that will give you a 7% annual return on your money, AND you can rent it out for your hold cost.....

BUY IT NOW

If you can't find one, email me....I'll find it for you.......for FREE!!!

- Rick
rick@rickrapp.com

Are you sick of this market? CHANGE IT!!

I am hearing it day in and day out:

"Rick what is with these people? Prices are ridiculous, when will the market change?"

WHEN YOU CHANGE IT!!

We need to act and react together as buyers, investors, and Realtors. We CAN make a difference it we all get on the same page. Why are inventory levels so high? Because sellers are asking astronomical amounts for their homes and NO ONE will pay them!! So how can we reset the market?

By making low ball offers day in and day out and by doing so teaching sellers that we are not in a peak market any longer.

By getting REAL!!

This market will not reset itself
Things will not automatically get better
Prices WILL NOT BE what they were three years ago....

SELLERS LISTEN UP!!!

THE MARKET SETS THE PRICE, NOT YOU!!!

How much is a home worth? Whatever someone is willing to pay for it - plain and simple.

We are currently inundated with unrealistic sellers asking far to much for much to little. If you own a stock and it goes down, do you try to sell for what is was selling for at its peak? Of course not. When the price of gas goes up, do you offer the attendant .50 cents less a gallon because that's what the prices once were? Of course not!! Then why......why do you continue to ask for an '05 sales price in an '08 market?

Because no one is offering less!!

"What are you talking about Rick, do you feel ok today?"

What I mean is that these sellers are listed at and asking these crazy prices because no one is showing solid proof of a market change. Realtors are not being honest with them for fear of a seller getting mad at them and giving the listing to someone else and buyers don't want to offer less and feel "stupid".

People it's "stupid" not to offer less!

If we want to see a change we need to make that change happen by banding together and resetting the market. We are the only ones capable of making a change. If a seller consistently gets offers 25% below his asking price what do you think they will do? Common sense tells you exactly what they will do....they will lower their price and finally accept less....if they accept less then what?......the neighbor will drop their price and also accept less.....then what?.......

INVENTORY LEVELS WILL DROP AND THE MARKET WILL RESET!!

We need to educate the sellers by offering less and purchasing for less. We educated them three years ago by offering more and purchasing for more didn't we? We taught them that they could get more then they wanted then, its time to teach them that times have changed!!

DON'T BE SCARED TO MAKE LOW BALL OFFERS!!! IT IS THE ONLY WAY THIS MARKET WILL CHANGE.......

Now if we can only get gas prices down! ;)

- Rick
rick@rickrapp.com

Recession = Time to buy?

Yes Yes Yes!!!!

Are you timid about buying because we are in a recession? (and don't think we aren't)

DON'T BE!!

We have all heard the term "buy low, sell high" right? Well there is no better time to start investing in South Florida Real Estate then right now. There is an over abundance of inventory, sellers are getting scared, the NYSE and DOW are down and falling more each day, NOW IS THE TIME!!

But what if the recession gets worse?

- America knows what is going on, but more importantly the government is watching things very closely (whether you believe that or not) and is going to step in soon and get us back on track, this IS AMERICA!! The secret is to buy BEFORE things get better, buy low sell high. Could it get worse? Of course, can it get better? It will. But what we know now, right now is that we are in the middle of it all and there is not a better time then the present to react and make your move.

If you are ready to prosper from the economies downfall email me today for more information on what to buy, how to buy and where to buy in the Sunshine State. People are ALWAYS going to want South Florida property!!

Let's make some money!! Email me now:

- Rick
rick@rickrapp.com