K.I.S.S.

Keep. It. Simple. Stupid.  Love it!  If you follow this you will be the man (or woman)!  In real estate, some of the hardest decisions are the simpliest.  What? How? Hardwoods vs Carpets.  Deck vs. Patio.  Cost vs. Value.  How do you choose?  It can be tough.  One thing I have learned and DEFINITELY still learning is to set the budget EARLY and STICK TO IT.
Keeping it simple kept it simple.  Funny how it makes sense.  The project we will feature this week was/is exactly that.  Location was perfect.  So we had that as a HUGE advantage.  We had square footage.  HUGE advantage.  We had a plan.  HUGE advantage.  We had a renter before starting the work! HUGE advantage.

The cool thing about our projects now are that we have a list of people waiting to RENT anything we put on the market (without seeing the finished product first).  We take a product that someone has destroyed or mistreated and make it OUR own.  People are starting to realize our product is superior to ANYTHING on the market.  Test me!

I'll give you a few details on the current project but first....  Many of you are new to following Providence.  That's fine!  Welcome to the team. Thank you so much for taking the time to follow us!

You thought the NY Yankees were a dynasty.  We're going to take it to the next level.  Why?  Because we care about YOU achieving financial freedom through investment real estate!  That simple.

Here are the quick stats on our latest property....

Purchased date: 10/28/2009
Purchase Price: $36,000
Initial Budget: $16,000
FINAL COST : $14,000
TOTAL Invested: $50,000
Current Market Value: $89,900
PROFIT OF  ((((( $39,900 ))))))
          
                          OR

RENTED FOR $750 (Lease will be signed 11/26/2009)

Do the math.... That's HUGE Cash flow!

Mortgage with taxes and PMI:  *** $346.39 ***

CASH FLOW OF $403.61/mo or $4843.32/yr

How do you like them apples?

Follow me to financial freedom!  This is what we do on a day-to-day and house-by-house basis.  Pictures coming soon!

ASK QUESTIONS PLEASE or email me personally.  joshua.fannin@providenceNC.com

http://www.providencenc.com/

Fun Day with the Investor

I had a great time today with an investor from Cali.  Hopefully, we can put together a strong offer to purchase another dianmnd in the rough.  We'll see.  Another wet day.  Another great day to check the roof and elevation!  I'm quite tired of it actually.  My goal is to have pics posted by the weekend.  We'll get this train rolling soon enough. 

Rainy day = roof leaks = Informed DECISIONS

What better day to look at real estate than after getting 3 inches of TS Ida poured on you?  If I would have watched the weather and NOT have wore a suit, I would have previewed more properties today.

Tip# 341.  GO look at potential properties when it rains.  Don't ask questions (yet).  Just do it.  Rain can tell a HUGE story.  Same way it did to Noah. 

It amplifies any run-off or foundation issues.  It amplifies the angle of pitch surrounding the foundation (landscape).  It amplifies any roof leaks on the interior.  It amplifies your ability to make an informed decision on if the investment can MAKE YOU $$$.  See, this isn't rocket-science.  It's taking what mother nature gives you and using it to your advantage.  Thank you Mother N. 

Guys, taking the extra step will put you ahead of 90% of investors in real estate.  Reading books are great.  Really.  Great.  But out of ALL of the investment books I've been through (and I like A. Montelongo) none have never mentioned ANYTHING about checking a property during or immediately after rain/storms.  Why not?  It's free.  It cost you nothing but a little time to make a very informed decision.  Did I mention it's free? 

I know.  You are looking for a quick hit homerun.  We'll get there.  Let's set the base first.  You gotta touch four in baseball before you even score! 

I will introduce a property soon.  We are currently working on it and I am trying to come up with the best way to share it with you.  I want to make it elementary for you WHEN most try and make it seem you need a PH.D.  You don't.  I don't.

Do not hesitate to ask questions.  Bring them ALL on.  ALL.  Have a great evening.  We'll have this train moving soon!

Here we ARE. Welcome to POTENTIAL. POTENTIAL TO BE FREE.

This is it. Investing in real estate made simple! I give insight and knowledge into the deep unknown...not really, but doesn't everyone want to learn about investing in the greatest industry in the world -- REAL ESTATE? I will give an everyday apporach to flipping a home. What you do with it is up to you. The GREAT thing about this site... I reach out to everyone. From the amateur investor to the experienced. You say, what about the economy? recession? Non-sense. I will flip a house for less than $60k and achieve a potential profit of $30k. Got your attention? Good. Let the fun begin. This is my life. My success is derived from the success of others. My goal is simple. Allowing Americans to achieve financial freedom through real estate. No smoke. No mirrors. Ask any question. I am here for you.