With all the gloom and doom about foreclosures going on in Las Vegas, I still think it’s a good time to buy. Why is it that when prices are high and EVERYONE is buying, that people make it seem like it’s the right time to buy? I have learned following the crowd isn’t usually the smart choice. Yes unemployment is at 15% and foreclosures are still happening, so what? Do you think Las Vegas is going to disappear? Personally, I don’t.
The US is in a recession, but prices are so damn cheap! I put offers only some places and have low balled them and gotten accepted offers on a 2 bedroom with 1 car garage for $58,000, in the same complex I own my vacation home! You can’t even buy a new Escalade for $58,000! But you think it’s going to go down even more right? Well let me say this, waiting to buy when the “magical bottom” hits is a mistake. This 2 bedroom cant rent anywhere from $750 to $900 per month! Don’t you think that is a great return on your money, I do!
But it’s risky right? Don’t you think it’s riskier when you buy a place in Vancouver for $250,000 and can only rent it for $1,000 a month? All the real risk is gone in a market like this. This condo will rent for $750 to $900 and if it didn’t then I could drop the rent to even $600 and I will still come out ahead, but the rent won’t go that low. The foreclosure market in Vegas reminds alot of my internet marketing. The opportunity to make money in both sectors is big, but when the rules and landscapes change then those doors will be shut forever. When you see an opportunity you need to decide, then act on it. You can work until you’re 65 or have the life you really want to have, it is your choice! Sure I get scared but I analyze the situation then act on what I think is right.
Could I go bankrupt by purchasing a few properties and $55,000 to $65,000, no way. The mortgage payment on those is small, it’s not a $1,500 monthly payment, just a few hundred dollars. It’s much safer than buying condos for $350,000 and then you need to put a couple hundred of your own money into that Vancouver condo every month to make it cash flow. Every property you buy needs to cover itself and if possible make you a few hundred per month, per property. This is the way to do real estate investing, then you can go far. If you need to dip into your wallet for every property you buy on a monthly basis, how many condos can you buy? Not too many right?! Enough said on this. I just needed to get this out. Everyone thinks real estate is so difficult, not as hard as you think.
This post has been a long time coming. I think I was just scared to write down how I felt about all this. First off let me say this, the people who talk the most do the least. The more they talk the less they do do. Action speaks louder than words. I consider myself a straight forward person, no bull shit just do what I say and that’s it. That being said I feel almost embarrassed not reaching financial goals I outlined in the last few months. When I said I wanted x amount of dollars it should have happened. Everyone has their ups and downs like it or not it is part of life. I’m not superman and negativity can get the better part of me, this is where MotionGroove.com always kicks in.
I have put up many posts regarding financial successes and goals that I have achieved and there have been big ones, from my point of view anyways. Considering I came from being a carpenter/ cabinet maker, I can hopefully give myself a pat on the back for what I have done with myself in the last 10 years of my life.
Things change and when that happens you need to go with the flow. I for one am surprisingly not happy when change comes, especially when it affects me in a negative fashion. I’m almost 40 now and I seem to get stuck in my ways. I need to push myself in order to move forward. My industry is ever changing, always evolving and I need to evolve with it. If I wanted to remain at a place with no change I should have stayed working as a cabinet maker making $17.27 per hour, I would be better off. Yeah right.
Focus is the key to success, you need to know what you want and you do not stop until you get what you want, NO MATTER WHAT! What the fuck is the point of wanting something if you don’t even get or achieve it? Wasted energy my friends. The question really is what do I want? I have had so many changes hit me this years it’s pretty amazing. Where do I go from here?
Personally for me, I’m a fighter. I hate giving up, I have too much pride to quit. It could be a reason I hate change. I am scared of the unknown, I am scared of failure. I am in it to win it, losing at anything gets me super pissed, sometimes depressed. These are things I have learned about myself. It’s time to get back on track.
Where to go from here:
- I have to set my alarm clock for 5:00 am wake up, every day people. This will give me ample time to finish what I need to get done.
- A daily goal list of things I want and need to get done.
- I need to continue pushing myself forward, try new things test various projects out.
- Don’t be so hard on myself. I know when I have tried as hard as I could. I did everything I could and other shit gets in the way let it go, it’s not my fault.
- If I was making $3,000 profit per day, maybe today is different. You can only do as much as you can. Things change, find new ways to make that revenue. Think outside of your box, more money is waiting for you around the corner.
- Real estate time – Prices are slowing in Vancouver and I am planning on buying possibly 2 more condos this year in Vancouver.
This post seem to go all over but I needed to get my thoughts on the screen, so I can go from here. It’s my own way of clearing my head so I can make room in my mind for what is coming next. I may sound like things are falling off of a cliff but in reality anyone would dream to be in the position I am. I am hard on myself and this post proves it once again. Some people are happy with what they have but I want more, why? I have no clue but I am in a competition with myself to be the best that I can be. It’s a never ending competition and the only winner in this competition is me. Happiness and sadness are a fine line for me anyways. I need to push myself to be who I truly am. If I’m not busting my ass I don’t feel good, I need to sweat to smile. This is how I live my life, 100% or nothing. Onward and upward.
This time around public, I need to make them happen privately. Focus, focus, focus, the law of attraction works. I am living proof, even though I talk myself out of it sometimes, stupid me. Negativity will kill your inner self, my inner self. Here it to reaching my goals…
I figured I better post these photos before they become non relevant, since I am in Vancouver now. Well it was fun while it lasted. We stayed in Vegas for almost 6 sun filled weeks, it was awesome! We walked daily for about an hour, felt great with the sun in our faces, wearing shorts and t-shirts. Buying that condo in Vegas was one of the best decisions I have ever made, it feels so good to be able to getaway anytime we want.
I’m back in Vancouver looking at the rain outside and wondering why the f*ck we even came back to the “most beautiful city on earth” (Vancouver?!). In any case now I can focus on the work tasks as hand with no distractions of nice weather, LOL. Driving wasn’t as bad as I thought it would be, 20 hours to get there, with a night in Boise, Idaho in between Vancouver and Vegas.
Now it’s to get off my lazy ass and make some money!
I don’t like not making my goals and it seems the last time I blogged about getting back to my $1500 profit per day it didn’t happen. Why not?
- Part of it really has to do with me and my relaxed work ethic. Psychologically I think I am happy with the success I have achieved so I don’t work as hard as I should be or did in the past.
- I don’t push myself like I used, the end result is lower income. Another reason is feeling sorry for myself because I’m not making as much (stupid I know…). Money screws with your head, when you making tons of it you want more, when it comes in less amounts you get pissed off, angry etc.. Human beings are strange creatures, always wanting more and more, never being satisfied or happy with what they have already.
- Lastly the internet is constantly evolving and changing and many opportunities that I made hundreds of thousands of dollars from in the past aren’t there. Competition comes in and pretty soon you aren’t making money. Google chances how the rank websites and your AdSense earning dry up and so on. Surprisingly I still make about $1,100 month from Ad Sense, from informational websites I built in 2003-2006. I haven’t touched them in years since at least least 2006. $1,1000 isn’t a ton of cash but I get check for doing nothing. Back to the changing Internet, I found loopholes in search engine like Google, Yahoo and MSN that allowed to get very cheap targeted traffic to my sites and made a killing for years. Most of those loopholes are now closed unfortunately, however the money I made from these tactics has been invested in real estate safe and sound.
I made at least 2-3 million dollar in revenue from many, many loopholes that I found that will be forever closed. I am very grateful for being in the right place at the right time in many situations for many years. I basically milked every idea I had as long as I could, and still milking some now as I write this. Being resourceful has helped to cement my financial freedom for as long as I am alive and my kids (and grand children) will be taken care of long after I am gone 50-60 years from now, for that I am so VERY grateful for! I feel like I have done my duty as a provider, and it feels great to have achieved it.
Don’t count me out yet though, not even close. I still have some tricks up my sleeve I’m not going to slowdown and retire. I have too much energy to stop!
As for the local affiliate marketing I tried it with a local plumbing company, I made a website for them, I set up phone tracking so my client (plumber) knew that these calls were coming from me. So far from what I know he got 1 customer from it in about 1 month.
- The problem is this, he doesn’t answer the call every time because he is busy being a plumber, if he calls a few hours later then that potential customer may have gotten another plumber lined up for the job.
- I am paying for all the online advertising, so I get screwed because he isn’t on the ball!
- Also some plumbing jobs are just too small for this plumber to do, for instance changing a leaking faucet isn’t really worth it to him. I get 10% of each job, but it hasn’t worked out too well.
- Traffic for local marketing campaigns is much lower than a dating site where you can target millions of people. For instance for this plumbing client, I get anywhere from 5-13 clicks a day. This is enough to get a job per day you would think but apparently lots of the phone calls are people asking questions more than booking jobs.
- He has poor communication skills and takes him forever to call me back (many days usually).
I’m not too bummed out on this because I knew there were be problems that I wouldn’t be able to foresee until I actually had a campaign running. Local affiliate marketing definitely does work, because I track the phone calls the plumber is receiving. He is getting the calls but a factor of a few things really isn’t making this deal work out for me. Currently I lost around $250 roughly on this test, you live and learn. I don’t regret doing this project at all, I learned lots and I can use what I have learned on other clients that will pop up. I will be pausing the phone tracking as well as all my online advertising for this client. I wasted enough of my own time and money to try this out. If the client doesn’t want to put in much effort then I have no alternative. I don’t like chasing clients for their input or money. There are way too many other people who would love an opportunity to have a chance at expanding their client base and only pay for actual clients. Whatever, you live and learn…
Watch this video below it is very inspirational Will Smith is the man he is a driven man, so awesome!!! He never gives up he would rather “die on a treadmill”. This is how you achieve success, so simple but yet SOO POWERFUL. He understands the universe and a crazy work ethic. AWESOME. This video sums up how I feel…
heading out on the 20 hour drive from Vegas to Vancouver
stopping for gas in some Nevada desert gas station
through the Nevada desert..
cool rock formations in the Nevada desert..
Nevada highway patrol
creepy little town in Nowhereville, Nevada USA
Once you get to Western Idaho, it all changes and looks like Vancouver…
cool looking winding road…
I mentioned in another post that I bought 1 condo in Las Vegas to rent. The condo was a 1300 sq ft 2 bedroom with 1 car private garage. I have a property management company that is taking care of it for me. Since I am down here in Vegas I wanted to see the condo before it gets rented out and see the upgrades that the management company did. Overall they did a nice job of touching it up before it is rented out. From what the management company has told me they have 2 people wanting to rent the place, I will found out shortly. As for rental rates they are pretty decent, this condo is going to get rented for either $795 (with no dog) or $825 (with 2 dogs). Considering I bought the place for $64,000, that is pretty damn good cash flow. I know friends in Vancouver who bought a new 1 bedroom in Surrey for $200,000 and are renting it for around $8-$9o0. That is horrible cash flow honestly, but better to invest in something that nothing at all. However you cannot purchase too many condos with negative cash flow, because they can’t cover themselves. Your properties always should cover themselves…
This condo is located just down the hill (literally 20 second drive ) from my own vacation om here in Las Vegas. which is kinda nice in a way. If you’re thinking of investing in Las Vegas the timing could not be better, with the Canadian dollar worth more than the US dollar (last time I checked), and such low prices combined with people looking to rent because they have lots their homes it’s a win, win, win situation, for real estate investors.
This is an opportunity that will not be around forever, and then you will kick yourself when you didn’t do it. Easier said than done, I know however you need to push yourself if you want to get ahead. Nothing comes by watching TV, go out and make your life happen.
Action = $$$$
the entrance is located on the side of the building. My rental condo is right across from the clubhouse that has a full gym as well as an outside pool
This condo cost me $64,000, is that insane I think so!! Every time I think of Vancouver real estate I just shake my head (still doing it now)….
I did it again! With the prices so low in Nevada did you really think I would buy just one condo LOL? I put an offer on a 2 bedroom (with den) 1250 square foot condo with one car garage for $64,000, it was accepted 2 days later wayyyy back in December. I don’t have any photos, sorry folks! This property was not a foreclosure, instead it was a short sale. A short sale is when a home owner cannot pay the mortgage so he basically sells his or her property for a loss. A foreclosure on the other hand is when the home owners have lost their home already and it is owned by a bank.
Since there are so many foreclosures and short sales in Vegas it can and has taken me months to finally close on this condo.The banks are swamped with work. So now I have possession and I have gotten a local property manager in Las Vegas to rent out the place for. I’m hoping this doesn’t turn out to be another Winnipeg… I’m pretty certain this is the beginning of more condo purchases down in Vegas, it’s hard to resist when you can get such amazing deals. Rents should be between $750 – $900US a month, so it’s all cash flow baby, according to Jeremy (my property manager). I am not buying anymore places down there until I see how this first rental in Vegas does. I sure don’t want to buy a bunch of condos and have them all sittingempty, so this one is the test. I have a great feeling and I have done my homework so I’m certain it will be awesome but just to make sure I won’t buy anymore until I see results.
I have been watching The Secret DVD over and over to help me get back to my healthy self and I can say it has worked once again! I feel great and I am working harder than ever to get my sales back up and they are showings signs of life again, HAHA.
Always remember, what you focus and think about always come to life, so focus on what you want and not what you don’t want! That is the best advice I can give anyone, who is feeling lost or depressed. The law of attraction!
Also I am without my beloved Escalade, as the body shop fixes a few scratches on the front and rear bumper. They are installing new factory fog lights since the lens cover fell off both of the ones on the truck in the last year (don’t ask). Any my Cadillac emblem on my rear tailgate look like hell so I bought a new one that they are installing as well. That should make my SUV look brand newish again! I’m am driving down to Vegas (instead of flying) next month and I want it to look nice and new. I did the calculations and I should save at least $1500 each time I go, if I don’t fly and don’t rent a car when I’m down there. I thought about buying a car but if I did it would have to be some minivan, and I don’t feel like paying $10,000 or whatever to have a minivan sitting in my garage in Las Vegas. This way I can have my own car down there and save big $$.
Yes’ the drive isn’t short, it’s roughly 20 hours but whatever. It’s the best idea I could come up with. Ok, that’s all for now, it’s 11:38 pm and it’s time to get to bed.
This beauty eyesore was caught in the underground parking lots Planet Hollywood hotel in Vegas, ugh.
I like my booze what can i say??
False Creek and the Granville Street Bridge
False Creek and the Granville Street Bridge
Cooking our food at The Stone Grill. They supply the raw meat and veggies and the super HOT stone seen here and you cook it. It’s kinda expensive at $45 a person for this type of dining. I would rather just go to Cactus Club instead…