OBT Area Orange Blossom Trail
By Scott Wright Google
OBT Area Orange Blossom Trail – Orlando Florida – The City Of Orlando refers to the Orange Blossom Trail as “OBT” and “OBT Area” is the area West of the actual high rise area downtown City of Orlando. Us locals call it “The Trail” or “The O”.
This area, is very mixed to say the least. Some of the very best things about Orlando and some of the very worst things such as crime make this area a very active and opportunity rich zones. Especially in real estate Deals.
DEAL OF THE WEEK – COLLEGE PARK HOUSE – Click Here
OBT Area Orange Blossom Trail
The OBT Area Orange Blossom Trail is personally one of my favorite areas in Central Florida. Most real estate investors chose to stay away from this area. While some of the most powerful forward thinking real estate investors parcel huge portions of this area up in advance of future City development projects. If you are one of these individuals then you and I know who you are already and that is all that matters. My hat is off to those of us who have made the decision to try to invest and improve this long neglected area called the OBT Area Orange Blossom Trail area.
OBT Area Orange Blossom Trail commercial investing – The area has some really incredible commercial land and building opportunities.
Some of these properties have some EPA issues. Although this can be a challenge at first the rewards of purchasing and developing a parcel with EPA issues can be quite massive. Especially if you are only looking at hydrocarbon fuels and oil contamination.
Willy’s Strip Club Across The Street
These clean ups can be quite cheap in comparison to other types of EPA issues in the OBT Area. Issues such as the ones caused by old time laundry mats using Trichloroethylene aka: “Trike” or “Triky” which are truly impossible to fix.
SEE MORE: About OBT Area Orange Blossom Trail EPA Issues – Click Here
Enjoy exploring this website called OBT Area (OBTArea.com) I am always adding more content and more great deals. I can also add a page about you, your business or opportunity. Feel free to contact me. Any of the numbers on this website will reach me directly.
Earn Massive Money Online
It truly is possible to earn massive money online! No doubt the internet is an incredible money making tool. I use it each and every day to earn massive money online. But realize this! It is a tool in my money making efforts. The internet is not really making anyone money. It is a tool that enables us to make money. Face it, the internet alone is just a broadcast system. If you are not developing something to broadcast and share then you have nothing and the internet is basically worthless to you.
At SKID TOP I use the internet to earn massive money online. Anyone can do what I do to earn money online. It is not rocket science. I can say this with confidence because I worked for NASA for many years before leaving that career to do what I do now. Right here on the internet.
How I Earn Massive Money Online
The first thing you will notice when you visit my SKID TOP website is that you are readily told what my program is about before you even have to fill in your email address. You are never ever asked to make a payment.
You Can Start Making Massive Money Online Today
Earn massive money online starting today. Today, the internet is completely saturated with money making claims. Most of these offers are scams. It makes finding anything legitimate nearly impossible. But, this is only half the problem. The other half of this problem is that mostly lazy people are seeking ways to earn massive money online using the internet. For some reason they think it is possible to click on a button that instantly makes them a millionaire. That is why it is best to just stay away from anything that promises money or income with no effort on your part. That is simply a bogus concept.
I am going to see this movie today while you are at work!
You have to apply yourself to making massive money online!
Face the facts! People who achieve great wealth all have a success story to tell. It’s true. Successful people embarked upon a journey that led to their success. They did not earn massive money online or anywhere else just by handing someone a dollar or clicking on a website button. It will never happen. If you think it will then go ahead and click and pay all day. Watch what happens to you. Nothing good to be sure. Why? Because successful people had to work at it (at least a little bit) and THEN they met with great success. Only after they applied a strong effort did they have a great success story to tell others. This is exactly what I wish to share with you today. My success story about how I am able to earn massive money online every single month.
Allow me to be very clear with you. I am promising you nothing! What I am about to do is share with you how I am able to earn massive money online. One thing that I am NOT going to do is cloud or hide how I earn massive money online behind “SECRETS”. People use the word “SECRETS” or phrases like this: “Learn The Secrets of How To Earn Massive Money Online”. Then the next thing they do is tell you to buy something. A money making program, buy a subscription or pay for information. THIS IS NOT what I do. I simply tell my story and show you how you can earn massive money online by following what I have done and applying it to your own life.
Want to learn how I earn massive money online? Learn more about myself, my methods and SKID TOP today. I think you will enjoy what I am going to show you. You might even want to join me! You are very welcome to do so. Follow along now…
Pink Plaster Patchwork – The title might seem a bit catchy but it is quite a bit of work to properly repair plaster walls The trick is to apply enough force to remove picture nails without cracking the plaster. Then, the holes left by the nails must be filled, smoothed, sanded and prepped for new paint. Lets fix these pink plaster walls together.
Today, I am doing "Pink Plaster Patchwork" on some old time plaster walls. Plaster walls are so nice! http://t.co/Vz42HcLZRh
The painted pink plaster actually grew on me as I was working on it. I am not a huge fan of pink. Let alone pink plaster walls. At first they seemed offensive to my style. However, after a day of working on the old walls the color has become more of a favorite of mine. Still, I am about to paint over the pink plaster walls. Some color more appropriate like “True Taupe” by Behr.
Pink Plaster – Pink Plaster – Pink Plaster (Say that three times fast!)
These pink plaster walls can be tricky to repair. You have to consider the way they are built in the first place to understand why you have to take such great care when making repairs. These plaster walls are about 100 years old. They use a technique called mud lathing. The house is built with real 2″x 4″ studs. Then, very thin strips of wood lathe are nailed perpendicular to the vertical studs. Finally a thick coat of plaster was applied to these lathe strips.The space between the lathe strips is what holds the plaster on the wall. Sounds tricky right?
I BUY FLORIDA HOMES ANY CONDITION 214-702-2941
Behind these pink plaster walls over the past 100 years something has been happening. Typically, as the house breathes through these walls the warm dry air currents are drawn up into the attic. Over time, these lathe strips become very dry and brittle. So, when someone drives a nail though the plaster to hang a picture several things can happen.
First off, there is a 75% chance that they are going to hit one of these wooden lathe strips with their nail. That means there is about a 25% chance that they will not hit any wood at all and only strike the plaster. What happens is like the spin of the roulette wheel.
What Can Go Wrong With Plaster Walls When Hanging Pictures?
Crush plaster with a hammer
Break the old wooden plaster lath in the wall (most common)
Create a spider web of cracks in the pink plaster wall
Cause the pink plaster to actually fall off the wall
Hit the nail too hard and put the hammer though the wall.
Is there a better way to hang things on this pink plaster wall? Yes! When it comes to old plaster, one of the best ways to hang a photo is to use a “Tap Con” concrete drill bit and a high speed drill. Drill a pilot hole for your hanging device (nail, picture hanger). Gently screw a concerete screw into the wall making sure it is not too big for the hole. Hang your picture on that.
Back in the early days they actually would have a picture rail. This rail would look similar to a chair rail. Only, it had a small gap at the top between the wall and the wood trim rail. This rail would be about six inches from the ceiling. People who truly loved their pink plaster walls would actually hang their picture frames from ribbons or string attached to a hook. This hook would go over the top of the picture rail. It was kind of a brilliant idea back in the olden days. Now, we carelessly drive nails, screws and other things into beautiful pink plaster walls. Sometimes with catastrophic results.
Love your pink plaster walls! Treat them with a little respect no matter what color they are. They have been around for a really long time. These walls were made to last. Not only that but they are becoming quite rare.
You will never find your pink plaster walls smelling bad (like Chinese drywall). Plaster walls actually keep your house cool. Plaster is like concrete too. It can actually stop a bullet on occasion. My pink plaster patchwork soon will be another color. But I will never forget these fantastic and amazing. PINK PLASTER WALLS…..
Central Florida Realtor Nightmares
By Scott Wright Google
Central Florida Realtor Nightmares – You may think being a Realtor is easy. However, some local sellers can cause potentially serious Central Florida Realtor nightmares. Rarely do you find a seller who is unwilling to lift a finger to help sell his or her property. When you actually run into this type of seller (person) as a Realtor you should run the other way! YES, cancel your listing agreement immediately! kill your dreams of selling this type of person’s home because it “ain’t going to happen”. This is a true story about a recent Central Florida Realtor nightmare that I just witnessed myself.
Central Florida Realtor Nightmares
It seems that most Realtor nightmares start off as a possible dream sale. Then as time progresses the truth about the actual situation turns into Realtor nightmares. This is just such a situation. The sellers presented themselves as affluent, intelligent, business minded and they truly seemed to be motivated to sell their property. However, as time moved on it became more evident with each passing day that the seller had no intentions of making selling their home an easy task. In fact, this seller might just prove to be a closet narcissist. Maybe “ego maniac” might sum it up a bit. Who knows?
For whatever reason these sellers decided that they were going to list the price $30,000 – $50,000 above the average sales prices of the homes in their neighborhood. The Realtor should have gotten a clue right here! This being said, and to the Realtor’s defense the house does have one interesting feature that at first presents itself as a possible transaction blessing. This home has one feature that no other home in the community has. It has a “mother-in-law suite”. Sounds pretty nice right? WRONG! As it would turn out, this feature was a complete curse!
The seller also had this “back house” rented. It was producing income. Now, this might be a major plus! Okay, so maybe this house actually is worth a little more then the rest of the homes in the community. Maybe, maybe just maybe!
Well don’t hold your breath… Halfway though the showing process and open houses the HOA (Home Owners Association) Attorney stepped in! The attorney declared that the mother-in-law suite was illegally built, illegally occupied, creating illegal rental income and not only did not conform to their deed restricted community guidelines and that it was and unadulterated violation of all County building codes related to this neighborhood. In their own words the structure could not be used as a living quarters for anyone. A true Central Florida Realtor nightmare!
To the Realtor’s surprise even more nightmarish drama was about to unfold. In addition to the level of unexpected sales challanges, it was also revealed to the Realtor (after listing the home) that all the work on the main house was done without pulling any permits. What a shock!
The City Code Enforcement Officers had already sighted the owners even prior to them listing the property with the Realtor! There were several fresh, active Code Enforcement Liens on the property that the owner failed to reveal. Can you believe this? So, after listing the property there were City inspectors were crawling all over this property. Actually while it was actively listed for sale! The City cited the owner and placed construction liens against the home for improperly installed doors, a roof done without a permit, a water heater added to the attic, no hot water balancing vales, inadequate bathroom venting and other issues. The owner was already stressed out when the Realtor found out. The sellers had to be told them they can not sell their home with such issues open and pending. They knew this. They just thought they could “get it all solved before they had to mention it to anyone”. Say what?!!
It took well over a month for the sellers to even start making any attempts to satisfy the code enforcement liens. No progress was being made and then once they did start making the required repairs they were very slow and tedious about making them. However, the whole time they were demanding that the Realtor perform open houses and be fully engaged in showing and selling the home! This placed the Realtor in a very awkward situation to say the very least. How do you sell a home with so many openly visible flaws?
Real Central Florida Realtor Nightmares – They usually come from a nightmarish person!
Even after listing the house for sale with the unsuspecting Realtor, code enforcement inspectors were showing up to evaluate the seller’s repair progress.
Central Florida Realtor Nightmares Fact Review:
FACT #1:All liens must be satisfied. Fraudulent Seller’s Disclosure A seller listing the home for sale with a Realtor without disclosing the seriousness of this situation could easily represent or be interpreted to be a fraudulent seller’s disclosure. FACT #2:Misrepresentation Of Illegal Situations A seller attempting to represent that they have a legal mother-in-law suite or any other structure that is currently “RENTED OUT” and is actually “Income Producing” without adding the facts about this situation being fraudulent, illegal and blatantly against all HOA (Home Owner Association) policies is also a major example of potential Central Florida Realtor nightmares. A legal nightmare too! Fact #3:Slow Documentation Issues Once the issues are corrected with Code Enforcement department and City legal staff it can take time to get though the bureaucracy. For these liens to show up on the internet and even in the paper system as “SATISFIED” can sometimes take a great deal of time. So as a Realtor you are going to have problems trying to prove to other diligent buyer’s Realtors that these issues are actually satisfied and corrected. Then you have to prove this to the Title Company as well as Title Insurance underwriters.
IT ALL ADDS UP TO BE VERY DIFFICULT FOR THE LISTING REALTOR
BAD SELLERS – Central Florida Realtor Nightmares
Now, what I am going to share with you next is complete INSANITY. You may not even believe it to be true. To help you actually see that this is true I am going to share my photographs of the actual property issues. You won’t believe your eyes.
FACTS SO FAR
Property is the most expensive in the neighborhood
Home has/had open code enforcement violations when it was listed
Back home (mother-in-law suite) is illegally rented per the City Attorney
The property is being listed as “income producing”.
HOA deems the back structure to be outside of the deed restricted community guidelines.
ADD TO THIS LIST OF CENTRAL FLORIDA REALTOR NIGHTMARES
Sellers refuse to make any further repairs
Sellers refuse to clean the property up
Sellers refuse to do even the most basic touch ups
Sellers refuse to address anything mentioned by a buyer’s certified inspector
Sellers continuously argued with the Realtor that they wanted themselves AND their two little children present during all showings! Sellers were present and actually walking buyer’s and buyer’s agents around the property pushing the Realtor aside at the beginning of the sales process. The most critical point in the selling process. Talk about confusion! Children jumping up and down in buyer’s faces, wife arguing with the Realtor, husband trying to up sell everything and put a spin on it all. It was spastic!
Sellers even have abandoned HAZARDOUS high pressure gas cylinders on the property that they will not remove.
Sellers have piles of trash around the yard that they are unwilling to clean up or remove
And the list of realtor nightmares goes on!
Here are some of the photos. Have a good laugh or cry. For this Realtor it is a “mission impossible” Although it looks like there may be a pending contract there is a very high likelihood that the new inspector will also fail the home. There are a ton of repairs needed. Worst of all, the seller refuses to make any repairs in excess of $1000. Nor will the seller give any concessions that equate to more then that number. In other words, the buyer is responsible for any and all repairs in excess of $1000. This means, any curative efforts that need to be made prior to closing must be paid for by the buyer.
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I don’t know about you but I thought this was a true representation of Central Florida Realtor nightmares. Have you ever faced anything like this? If so, how about leaving a comment below. I would love to hear from you.
Florida Home Staging Accessories
By Scott Wright Google
I buy and sell homes and it has often occurred to me that home staging is the best possible scenario for selling my houses. The first issue for me has always been where to find good Florida home staging accessories. The second issue is where to find those good Florida home staging accessories cheap. Hopefully, I am about to help you locate some excellent Florida home staging accessories cheap. (See what we have here)
Florida Home Staging Accessories Available
In preparation for my home staging adventures I started packing away some excellent Florida home staging accessories for myself. You know, left over garage sale stuff I picked up and things I have found along the way that I could use to stage my houses when they are ready to sell. Some of these things just sit around so I was thinking of allowing others to grab up some of them to use in their own home staging efforts. Heck, I like to share. So, I am giving it a try. (See what we have here)
Simple Access To Cheap Florida Home Staging Accessories
The only issue I might have with listing my available Florida home staging accessories is this: I don’t have a ton of time to list each item and then track it. So, what I suggest is that you bookmark this page and check in often to see what I have listed. At the prices I list this stuff I am sure much of it is going to vanish very quickly. I will do my very best to put a “SOLD” sign on each item as it sells so that you will instantly know if it is available or not. So please, do check in. The best way to do this is subscribe to my RSS FEED here.
Happy Florida home staging folks! I hope you enjoy my Florida home staging accessories. The idea is to keep these items super cheap so if you agree to meet me to pick up these items please SHOW UP ON TIME. Thanks!
OBT Area Employment Options
Orange Blossom Trail area employment options
By Scott Wright Google
Stressed out? Worried about money? The Orange Blossom Trail area does not have any jobs for you or any way for you to make some money. Stuck at the house with no way to make some cash. Well, that is normal for the OBT Area. That is why you need to take matters into your own hands all the time. I want to share with you something you can start up at home or anywhere you are.
Get Paid – Any City, Any State, Any Country! Start training right now for FREE – CLICK HERE NOW!
About OBT area employment options
OBT area employment options are often very limited. So many people live in this area around Orange Blossom Trail. We are a hard working people who know how to take matters into their own hands when needed. Options are desperately needed in the Orange Blossom Trail area today. I am about to share with you an opportunity that you can run from home. You can do this!
This is a real, live legitimate business opportunity. You can run this right out of your home or even add it to your existing business. There are over 3000 ways to make money with this company and it has been in business here for 16 years now. The fact is that this is a business opportunity. A business you can run for yourself. It is a great OBT area employment option for you, your friends and your family.
OBT Area Employment
Save the OBT area! Start making some money and put it back into the local economy. If everyone around here starts making money together we can build our community into something fantastic. We an all drive nice cars, fix up our houses and eat great food together. There is no limits to how much money we can make or how much we can do. It is all up to you!
Taking OBT Area Employment Seriously
If you live here you already know that help has never really come to this area. Instead, we have to suffer in this area. So, I tell you today, if you take control of this for yourself you can go very far. Take it seriously, learn everything you can, team up with others and you will become a huge success using this OBT area employment opportunity. Employ yourself. Trust in yourself. Become as wealthy as you desire. You can do it!
Want to see more income opportunities you can use in the Orange Blossom Trail Area? I can hook you up with even more money making help. Its right at your finger tips. I hope you clicked on the banner above. This is a great way to make money.
Free Real Estate Flipping Assistance
By Scott Wright Google
Welcome to my free real estate flipping assistance course offer.
I must start out by being very clear with you. I am NOT a real estate seminar GURU type. Instead, I am a guy who has been in the streets investing in real estate full time since 2001. How much money can you make as a real estate investor, real estate wholesaler or real estate flipper? Well, I was actually able quit my NASA career doing this on the side.
Free Real Estate Flipping Assistance
In my first three months as a real estate investor I was able to amass assets in excess of what I made in an entire year of working on rockets, the space shuttle and the International Space Station. Do you know what the funny thing about this is? Never have I ever even looked back or wished I could go back to a 9-5 job! You can make as much money as you can imagine in real estate investing.
“Honestly,the only thing that limits you is you!” ~Scott Wright
When I say that to people I know their minds start coming up with reasons why they may not succeed as a real estate investor. The reasons they come up with are usually all the same. This is why I like to offer people free real estate flipping assistance. It is like me being able to prove to others that they CAN actually do this. I like to show people for free by offering them free real estate flipping assistance that if they do not do this and succeed that they only person they have to blame is themselves. Still, even when I offer this assistance for free and try to show them FOR FREE that they can do this I hear such excuses as:
I have bad credit
I don’t have any money
I am not a realtor
I don’t have a lawyer
I have a family that tells me I will fail
I don’t know anybody
I have a full time job
I need to do the math
I am not handy
People can come up with so many self defeating reasons why they will fail as a real estate investor. Before they ever try. Even if it is not going to cost them anything. No matter how the free real estate flipping assistance is it is not FREE enough! It is amazing! Let me tell you this! DO NOT limit yourself with this type of thinking that I outlined above. There are so many ways to get started as a real estate investor that none of these above reasons matter. They do not matter in the least.
Every single one of these reasons applied to me at one time or another. At least, I believed they applied to me. Fact is, they did not apply to anyone. I was still able to get started and become a huge success as a private real estate investor. So can you!
I am offering you free real estate flipping assistance today.
FREE REAL ESTATE FLIPPING ASSISTANCE – LEARN HOW!
Each day, over the next year I will send you an email. Each email will start with a positive saying or quote like this one below:
“If you’ll not settle for anything less than your best, you will be amazed at what you can accomplish in your lives.”
Just a little positive thought to focus on during your day. The free real estate flipping assistance I offer is not limited by anything except for you. Not only do I offer free real estate flipping assistance in the form of training and tips. I also offer you real assistance in finding, funding and selling the properties you yourself want to flip. How much better could it possibly get? Well, I can tell you this. Nobody else is offering free real estate flipping assistance like I am. Free!
I think you are going to love the way I set my free real estate flipping assistance program up for you. I have struggled to make this totally free for everyone.I wanted the average person AND EVEN the person struggling to survive to be able to afford to learn this. I have seen how this knowledge has changed the lives of people all around me. This can totally change your life. It does not matter if you are rich or even poor. You can do what I am going to teach you how to do this all by yourself.
THIS IS 100% FREE – From Me To You!
POOR OR HURTING?: If you are living out on the streets and reading this in a library or at the church. No matter how poor you think you are right now I urge you to grab hold of this opportunity. This could really change things up for you and your family. I would truly love to help you with this…
For Your Free Real Estate Flipping Assistance Training Course All You Have To Do…
Realtor Assistance Improving Sales Rates
By Scott Wright Google
Realtor Assistance – How to dramatically improve your sales rates, improve commission rates and real estate listings success rates. It’s free and fast too! STOP being locked down by slow moving real estate sales!
REALTOR ASSISTANCE – HOW TO MOVE YOUR CLIENT’S PROPERTIES FAST!
Realtor Assistance Is Here! – Have you been trying to come up with ways to improve your sales rates? I work with many Realtors each month. I have come up with some pretty creative ways to improve your sales rates. There are some very modern tactics that will quickly speed up your sales. Some, you may have never even heard of before. I use these myself to help banks liquidate their foreclosure and REO assets and this works great! So, put your thinking cap on, lower your walls for a moment and focus on what I am about to share with you. You might quickly learn how to double your sales rates for next month, next week or even tomorrow. Your sellers will love you and you might even become the top listing agent wherever your hang your license. So, listen up!
PROPERTIES CAN GO PENDING THE SAME DAY THEY ARE LISTED!
“THIS IS 100% True! It is like having your own secret power tool as a Realtor. Fast sales makes everyone happy!” ~ Scott
You might agree that for the most part the worst thing about being a Realtor is having to wait for a closing to happen in order to make a commission. Properties are listed and in most cases they sit until the exact buyer comes along and submits a purchase contract. Even then, the closing is never a guaranteed event.
REDUCE FAILED CLOSINGS! All Realtors know that many closings
actually fall through and do not survive the fall. Then, as a Realtor you have to wait and pray for another buyer to come along. What if there was a way around this? What if you could get a contract on each property that would actually close quickly? What if I told you I have a very simple formula I use that makes this happen over and over again. Best of all, I will share it with you for free. No strings attached!
TIRED OF WAITING FOR A BUYER? THAT MEANS YOUR ALSO TIRED OF WAITING FOR YOUR COMMISSIONS!
STOP THIS INSANITY NOW AND START CLOSING PROPERTIES FAST!
What if you could list the property ~AND~ actually have it go pending the very same day? That would be a big boost to your sales rates right? I can show you a possible way to make this happen. There is no charge. This is simply how I conduct my own business. I think this might really help you. It is my way of offering Realtor Assistance and it works for everyone involved.
FREE REALTOR ASSISTANCE
No strings attached – No fees – No hidden costs – 100% Clear, Concise, honest and effective!
In Florida, you can find houses that actually PAY YOU to own them! Check out this listing! http://t.co/FWTqkdpy9s
Start Real Estate Investing
By Scott Wright Google
Start real estate investing or at least start to start real estate investing. It is a decision that will lead you to fun, adventure and profits too. However, don’t just jump in to real estate investing for the money. Otherwise, you will miss out on one of the greatest life enriching experiences you could ever have.
Start Real Estate Investing
When I truly think back, my decision to start real estate investing was probably really made when I was in high school. I loved hanging out on developer sites at a very young age. I lived in a very busy area of Central Florida. People were migrating to Florida in droves and the building industry for residential housing was in a mega boom status. The contractors were more then happy to hire me at a minimum wage to carry tubs, jack hammer out toilet holes, move lumber, pull wires through trusses, install shingles. When you really stop to think about it this is where I learned how to build homes. The insight has really helped me in my real estate investing. I have a keen eye when it comes to construction flaws and an excellent grip on how to repair those flaws.
ANYONE CAN INVEST IN REAL ESTATE
I urge everyone I see to start real estate investing. The first thing people usually say is “I don’t have that kind of money!”. Which of course is the thing that holds most people back from real estate investing. However, the fact is that even people with significantly small amounts of money can invest in real estate. There are many ways to get involved.
One thing that I do to help people to start real estate investing is to purchase my real estate in Land Trusts. The land trust is an incredible tool in real estate and this tool opens up the world of real estate investing to the average person. In using a Land Trust for each property people with relatively small amounts of money can also get involved in the process. Here is an outline of how this works.
How To Start Real Estate Investing
EXAMPLE OF A LAND TRUST HELD PROPERTY
Here is how the average person can get involved: Lets say I found a very small property in the OBT Area of Central Florida. The house was abandoned for a long time. The roof was still good and did not leak but the home had of course been broken into and squatters had been flopping inside. So, for starts the interior is a mess. Okay, based on this I am able to purchase the home for $25,000.00 Cash. When I purchase the house I close on the property in the name of a Land Trust. The Trust at this point has 1 beneficiary (which is me) and a Trustee (gate keeper) my attorney. So lets call this the 123 OBT Trust. When I close on the property it is closed in the name of the trust: 123 OBT Trust.
CLOSING IN A TRUST (buying the property):
Title insurance is in the name of the Trust
Property insurance is in the name of the Trust
Power and water is established in the name of the Trust
Doc Stamps are in the name of the Trust
You get the picture… The Trust is the owner
Attorney is established as the Trustee (deal gatekeeper)
BENEFICIARIES OF THE TRUST ESTABLISHED
Before the property or even after the property is purchased a beneficiary or several beneficiaries of the Trust are established. This is based upon how much each person brought forward for the purchase and/or repairs of the property. In this case, I bought the property for $25,000.00 really fast just to secure the property. I did not bring repair funds forward yet. For the point of this discussion lets say the repairs the home needs add up to be $12,000.00. This is an opportunity for people who want to join in to the real estate investment to come in to the transaction.
EXAMPLE OF BENEFICIARIES COMING INTO THE TRANSACTION For this example we have a house I purchased for $25,000.00 that needs $12,000.00 in repairs to make it worth $67,000.00
*Remember: $12,000.00 in repair funds are needed for this property
John has $5,000.00 to contribute
Mary has $1000.00 to contribute
Celeste has $6000.00 to contribute
Scott bought the house for $25,000.00
Total Basic Cost Of Property: $37,000.00 (with repairs included) AKA: “THE DEAL” Total Value Of Home After Repairs: $67,000.000
PROOF that the average person can quickly become a real estate investor with very little money! http://t.co/dS5qr7ncLQ
Remembering: $37,000.00 is 100% of the total Trust beneficial value that is being established at this point. This is the total price plus repairs.
John ($5000.00) is assigned 14% beneficial interest
Mary ($1000.00) is assigned 3% beneficial interest
Celeste ($6000.00) is assigned 16% beneficial interest
Scott ($25,000.00) is assigned 67% beneficial interest
So lets say the house actually does sell by owner (The Trust) to an individual buyer for a full price offer of $67,000.00 as predicted. That means everyone gets their money back that they invested FIRST! Then the profits of $30,000.00 are divided by each person’s beneficial interest percentage.
John Invested $5000 – He earned: 14% of the profits = $4200.00 Total he leaves with: $9200.00
Mary Invested $1000 – She earned: 3% of the profits = $900.00 total she leaves with: $1900.00
Celeste Invested $6000 – She earned: 16% of the profits = $4800.00 total she leaves with: $10,800.00
Scott Invested $25,000 – He earned: 67% of the profits = $20,100 total he leaves with: $45,000.00
Wow, wow wow! As you see, this can be very profitable even for Mary who only had $1000.00. She almost doubled her investment money on just one deal!!!! This is why I say “anyone can get involved and start real estate investing” It is wonderful!!!!
Again, this is just one way I like to help people to start real estate investing. I welcome you to sign in and contact me. I am a real live person. Not some automated program or guru seminar guy. This is what I do day in and day out with my life. You are welcome to join in with me. Simply sign in and send me a reply to the email I send to you.
When I share my Florida renovation photos with friends and followers the comments and reviews I receive are wonderful. I love that someone stops to appreciate what I am doing with one of my Florida renovation homes. It just means so much to me. I share my renovation photos on Instagram, Tumblr, Twitter and on a few of my primary blogs like this one you are reading now. www.OBTAREA.com is one of my favorite blogs that I write. Truly it is a very broad overview of what I do. Admittedly, what I do in real estate could seem very random and all encompassing to an outsider. So, why not browse around the site, follow some of my links and start considering yourself and insider.
When my remodeling crews are not working for me (which is rare) I often will send them out to someone else’s home to do some work. If you find that you are in need of some changes at your home or one of your investment homes you can always give me a call. My crews travel all over Florida. If you are attempting to flip or sell a home this could benefit you in more then one way too! I often make cash offers on the homes we visit. So just maybe you could score some extra cash and NOT have to do all the work you were going to do. What do you have to lose? Could be a win win situation.
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Please – “if you need to connect with me to purchase a home from you I can gladly send you a fast cash contract.” ~Scott
I am very passionate about Florida Renovation projects. Since the time of my youth till now it is has been something that provides me with a very high level of satisfaction. I enjoy the small repair all the way up to the major renovation of a condemned home. Nothing is ever too small or too large. We can even bring in the heavy equipment and developers. Great friends with great skills are all around me.