DennisFassett.com » michigan landlord

Michigan Real Estate Investing TV: Forced Saving Makes You Rich

Dennis Fassett — Tue, 19 Jan 2010 14:35:16 +0000

This is a follow up to the post I did yesterday on the necessity of having rental properties if you have a day job and don’t get all the Federal and State income taxes back that you pay. I buy another cash flow property with my windfall. Think about what doing the same thing over the course of several years could do for your retirement – and your legacy?

How to Buy Your FIRST Apartment Building: Feb 6, 2010

Dennis Fassett — Mon, 18 Jan 2010 20:57:27 +0000

Due to the tidal wave of chaos and uncertainty that’s building right now in commercial real estate, I believe that 2010 is the year to buy Apartment Buildings!

Because of this I’m teaching a half-day FREE seminar on How to Buy Your FIRST Apartment Building. Saturday, February 6, 2010. 8:30 am to 1:00pm.

There’s a catch though – in order to be admitted free I’m asking for your help with something that’s very important to me. Medical care for pregnant mothers.

I’m doing this seminar to raise money for a charity that I personally work with and have supported for years called Mother and Unborn Baby Care in Southfield, Michigan. I came to realize how critical medical care is to pregnant mothers when my 4th child developed a very serious and life threatening problem prior to her birth. One of my goals now is to make sure that every pregnant mother has access to proper medical care.

I’m asking that you donate $15 per person with the proceeds going to Mother and Unborn Baby Care. If you choose not to donate, then the cost to attend is only $97.

The updates for 2010 include:

The Michigan Real Estate Update for 2010 – why this is the year to buy apartment buildings.

Land contracts and seller financing

Self Directed IRAs

How deal partnering works and why it’s a no-brainer

And I’ll also be talking about:

What do you need to know BEFORE you buy your first apartment building.

Demystifying all the terms you’ve heard but might be unsure of like Cap Rates, Cash-on-Cash Return, Cost per Door, Operating Expense Ratio, positive cash flow, forced appreciation, etc etc etc.

The math – and how you know that you have a good deal despite what your broker tells you.

The CRITICAL SUCCESS FACTOR that you MUST know to be successful in this business, ESPECIALLY in this market and these economic conditions.

Due Diligence – what it is and why it’s critical. And you’ll learn my approach to doing it.

The timeline is NOT your friend – ignoring this will cost you THOUSANDS of dollars.

The situation with commercial financing – and they way that I got around it and what I’m doing today to buy more units.

How to setup a correct corporate entity to protect yourself and get the maximum tax benefits.

My 90-day quick-start roadmap for you to buy your first apartment building here in Michigan.

And I’m offering a special bonus this time: round tables with some of the experts that I use every day in my business.

It’s going to be a jam-packed half day talking about everything you need to know to start looking for your first apartment building.

Who should attend?

Beginners!!! Or at least people brand new to apartment building investing. This is an entry level seminar about what you need to do when you’re just starting out looking for your first apartment building. I’ll walk through the purchase process and tell you what to expect, and what to look out for, during each phase of the purchase process. If you have already bought your first apartment property, this seminar is probably not for you.

Act fast if you want to attend. Due to hotel conference room availability, space is extremely limited.

Get the details:

How to Buy Your FIRST Apartment Building

Michigan Real Estate Investing TV: When Vendors Go Bad

Dennis Fassett — Mon, 18 Jan 2010 18:34:46 +0000

Stop me if you have heard this one before: you spend time looking for a good service provider. You go through two or three before you find someone that’s great, then you give them all of your business. Then something strange happens – their prices start to go up, they get more difficult to get a hold of, and they stop meeting deadlines. What do you do when that happens?

Michigan Real Estate Investing TV: 2010 is for PLANNING?!?

Dennis Fassett — Mon, 18 Jan 2010 18:33:04 +0000

I was listening to one of the talking heads over the weekend on one of the paid programming financial shows. His advice to everyone in 2010? Do nothing. Use the year for “planning”. In this time of unprecedented opportunity, all that’s all this guy can come up with?

Michigan Real Estate Investing TV: The Power of Experience

Dennis Fassett — Mon, 18 Jan 2010 18:30:24 +0000

As a follow up, during my long sit down on Friday we talked about various aspects of commercial real estate. He asked about what I had done, then suggested a course of action that blew me away.

Michigan Real Estate Investing TV: Start With the Scary Names

Dennis Fassett — Mon, 18 Jan 2010 18:28:30 +0000

I’ve had about a half dozen people on my list now for a couple of years that I have wanted to sit down with. Since I’m going in a new direction in 2010 I thought that it made sense to talk to those folks because they’ve already done it. I had my first sit down yesterday – and it went way beyond my expectations.

Michigan Real Estate Investing TV: We Can Help Each Other Out!

Dennis Fassett — Wed, 06 Jan 2010 15:05:52 +0000

Do you get emails that say that? I just received the 11th one in the last month. I bit on a couple of them before I figured out what that meant.

I’m happy to help, but there’s a difference between asking for help and pitching!

Michigan Real Estate Investing TV: Bob Norton's Outlook for Real Estate in Michigan

Dennis Fassett — Wed, 06 Jan 2010 14:58:09 +0000

I attended the January meeting of the Renegade Detroit Investors last evening, and their guest speaker was Bob Norton. Bob’s from Michigan and still does a lot of deals here, and last night he talked about where the real estate market here is going.

I joined the group last night – if you’re a serious investor in Metro Detroit you should too.

Michigan Real Estate Investing TV: You Should Join Us

Dennis Fassett — Tue, 05 Jan 2010 14:12:59 +0000

I keep saying that it’s a seminar when it’s really more of a conference. Multiple topics, multiple experts, round table discussions and even break-out sessions. And best of all we get to have fun and talk real estate inside on what’s likely to be a cold and dreary day.

Join us on January 16th. I’ll be talking about why 2010 is the year to get your name on an Apartment Deed.

This is likely almost full – so get registered if you’re not already: http://www.markijlal.com/freeseminar.htm

Michigan Real Estate Investing TV: Another One Bites the Dust

Dennis Fassett — Tue, 29 Dec 2009 22:03:20 +0000

I just took an application from a tenant prospect that rented two houses from a guy that I talked to two years ago that had planned to take over the real estate world here in metro Detroit.

My prospect rented two houses from this guy because he let them both go into foreclosure. The sad thing? At the time he was thinking of buying the first one he called me and asked me my opinion – and I told him to run in the other direction. He ignored me.