1,000 Energy Wise Investors Wanted
Green Building Makes Dollars and Sense
Tens millions of foreclosed homes are flooding the market. Now’s the time for investors with green hearts to earn big returns on energy wise house flipping!
With banks offering short term 6 month CD’s at 1% and 2 year CD’s at 2%, few investors are excited about current interest rates on savings accounts. Stock market risks and returns can also seem less than inviting. Why not increase your return while doing something important for workers and their families, local neighborhoods and the Planet!
The Perfect Storm with Green Clouds
Like many, I’d been disillusioned about real estate investing for about 20 years. I remember the phone call that took me out of the game. About 11:30 one evening I learned that a tennant’s water heater needed to be lit. On my way across town to light it, I remember saying, “That’s it, I’m done, let’s sell all this stuff.” And we did. It may have been a bad decision, maybe it was the best for raising a family…. It was what it was. But now the family is raised, grandbabies are wonderful, and last July I got hit in the head with an idea that was like the proverbial apple hitting Sir Issac Newton. Real Estate Investing for someone who could fix up properties had matured into the Opportunity of the Century. Complete with a “Perfect Storm” of factors that makes this the best time for Flipping Houses EVER. For the right person with the right mindset.
Consider this: 1. Inventory is high for what you’ll be buying. 2. Inventory is low for what you’ll be selling. 3. Interest Rates have never been lower and it looks like they’ll stay down for a while. 4. Craftsmen and contractors are hungry and will work reasonably. 5. There a tons of buyers. First time buyers abound and all the foreclosed owners would like to buy again (for the creative). 6. Rent rates are staying up. For the creative person, with an eye for design and customer service, it is indeed a Perfect Storm of opportunity.
I saw an additional Golden Opportunity that was close to my heart. Could I do Green Renovation on all these foreclosed homes and make them energy efficient and put a great product back on the market in the process of the flip? Taking blight, the eyesore of the neighborhood and turning it into the best house on the block, Now that sounded like fun! If I could make it work, I’d be getting to do what I love and getting paid for it. How great is that?
So I jumped in. Being 58, I decided I was too old to learn everything I needed to know in the School of Hard Knocks (my previous favorite method) so I enrolled in lot’s of Real Estate Investing Seminars and bought dozens of books and CD’s on the subject and called a Realtor friend and got started. Today we’ve successfully bought and renovated and sold over a dozen homes and they’re all Green Energy-Wise Renovations. And I made some of that other green stuff too. Yahoo!
But, you say, “To do that, don’t I need to be a contractor?” No actually you don’t. Many contractors get too wrapped up in the way they’ve been contracting for so many years. They don’t see the forest for the trees, and miss all kinds of opportunities One of my favorite teachers on the subject is Robyn Thompson, known as the “Queen of Rehab.” Her background was IBM accounting and waitress. She’s now flipped several hundred houses and retired to her Florida horse ranch. So if an accountant-waitress can successfully rehab houses, I say anyone with the right mindset can do it. More on that mindset in future posts.
The main skills that are needed to be an Energy-Wise House Flipper are: 1. Team Building, Assemble the expertise that you dont have. 2. Creativity, Think outside the box. 3. Learn Green Building and Whole House Energy Basics. I’ll be sharing that on this blog as well as providing a list of books and websites that will be helpful.
That’s it. Team building, Creativity, and learn Green Building. You can hire the rest. You can do it. Your community, your country and the planet needs someone to do this. The “Paint and Carpet” house flippers are doing nothing for our country or our neighborhoods. Come on in, the water’s fine. Energy-Wise House Flipping is an idea who’s time has come. In the past selling Green was difficult, but the current perfect storm has made green the color of choice, especially since you get to keep some of that other green.
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120515 Assembling Your “A-Team”
Assembling Your "A-Team" Residential Flipping and Leasing Tonight we will talk about team building. Building the team to find, buy, renovate and rent or sell the finished products. As you know, I now live 3,000 miles away from most of the work that GreenEarthEquities has done and is continuing to do. So the only way I could possibly do this is with a great team. Even with my new operation in Virginia, all of the work has been done by the great team I have been blessed to find. We've had a lot of questions like, "How do you find a good contractor that...Continue Reading!
120508 What Would You Do?
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Get in the Game: Wholesaler Interview on Buy and Hold
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120403 Greater ROI with HomePath Financing
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120320 1000 Home Challenge Interview
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120313 Wayne Mackey and Linda Wigington Interview
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120306 ACI 2012 Home Performance Workshops
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120228 Green Home Reference Guide Part 2
Green Home Reference Guide Part 2 Complexity Vs Simplicity Tonight we will continue our discussion with Debra Little about Appraisals and Appraising Green, Energy Efficient Homes. We will complete the Guide that she uses in the training classes that she conducts for Appraisers around the country. It will lead into a discussion on Simplicity versus Complexity. How complex and complete does an Appraiser's understanding of Home Performance need to be? Can we keep it simple? Or must we (and they) be sucked into the Vortex of Complexity that so easily rises up in an industry with so many variables? Some would say, "Let...Continue Reading!
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