There you go ladies and gents just came in ,in Roosevelt,Ny 1300sqft of home ,4000 sq ft property comps,thats estimated at todays market as you can see below zillow has it at 262,000 I have it just to be on the safe side as I always am at easy 190k-230k.
Guess what going now at 95,900 now thats what I am talking about,this is the kind of deals I get for my investors anyone interested give me a call now
I got an email from my friend 20 minutes ago,so act now and get rich or forever hold your pesos.Thats the bottom line. 57 Grenada Ave, Roosevelt, NY 11575 - Zillow
http://www.zillow.com/homedetails/57-Gre...
57 Grenada Ave, Roosevelt, NY 11575 has a Zestimate home value of 262000. See photos, maps, neighborhood and school info for this home in New York on Zillow.
MY PROFILE
- Joseph Dimitry Manoylo
- Brooklyn, NY, United States
- Hello everybody My name is Joseph Manoylo and i have been in the Real Estate field since 1992 . I have experience working with foreclosures since 1996,I started out as one of three employees in a brand new company ,in eight months i was a head buyer of foreclosed properties,we were buying ,renovating,and selling an average of 14 properties per month. The company's name was NDN ENTERPRISES and EL CAPITAL. Now I am a freelance locator/buyer for investors,I do not look at properties which will yield less than 33% of the invested funds. That is my bottom line,and I stick to it .Due to my many years of experience,I have vast connections in the foreclosure field,that eliminate the middle man and can produce up to 80% back on the investment . Only serious buyers need to inquire,If interested in an ongoing business,I am a very aggressive buyer,with resources from banks,brokers,title and deed attorneys,auctions,etc.
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Monday, January 10, 2011
SHOULD I BUY OR WALK OR RUN AWAY BASICS 101 OF FORECLOSURE INVESTMENT
THIS IS A FORECLOSED PROPERTY SOMEONE HAS EMAILED ME
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567 Oxford Rd Cedarhurst
Reduced and now listed at $410,000
4 bed, 2 bath
1 car garage, taxes 5,583.36 with added 686.73
Qualifies for 203k financing
OK LETS GO TO ZILLOW TO DO SOME RESEARCH
Description
This is a Real Estate-Owned (REO)/post-foreclosure home owned by a bank. Offers significantly less than market value are often accepted
Bedrooms: 4
Bathrooms: 2
Sqft: 1,957
Lot size: 5,400 sq ft / 0.12 acres
Property type: Single Family
Year built: 1954
Parking type: --
Zestimate®: $410,500
So this is the price zillow estimates this property for,lets get some comparable but first lets see the sale/price history on this property,shall we.
01/09/2011 Listing removed * $433,500 -- $221 foreclosure.com
12/08/2010 Listed for sale * $433,500 -3.8% $221 foreclosure.com
10/26/2006 Sold $450,500 0.1% $230 Public Record Flag Report a problem with the : Please select... Incorrect Transaction Other Details: Your e-mail*:
08/24/2004 Sold $450,000 -- $229 Public Record
01/09/2011 Listing removed * $433,500 -- $221 foreclosure.com
12/08/2010 Listed for sale * $433,500 -3.8% $221 foreclosure.com
10/26/2006 Sold $450,500 0.1% $230 Public Record
08/24/2004 Sold $450,000 -- $229 Public Record
1. Now lets do comps
2. 440 Buckingham Rd, Cedarhurst, NY 11516
Sold on 10/13/2010: $500,000
o Beds: --
o Sqft: 1918
o Built: 1923
o Baths: 2.0
o Lot: 4000
3. 422 Cedarhurst Ave, Cedarhurst, NY 11516
Sold on 10/29/2010: $420,000
o Beds: 3
o Sqft: 1982
o Built: 1923
o Baths: 2.0
o Lot: 5000
4. 409 Westminster Rd, Cedarhurst, NY 11516
Sold on 10/28/2010: $499,000
o Beds: --
o Sqft: 1060
o Built: 1946
o Baths: 1.0
o Lot: 5000
• See sales similar to 567 Oxford Rd
Address Price Sold On Beds Baths Size (sqft) Lot (sqft) Year Price/Sqft Dist. (mi)
440 Buckingham Rd
$500,000 10/13/2010 -- 2.0 1,918 4,000 1923 $260 0.31
422 Cedarhurst Ave
$420,000 10/29/2010 3 2.0 1,982 5,000 1923 $211 0.46
409 Westminster Rd
$499,000 10/28/2010 -- 1.0 1,060 5,000 1946 $470 0.12
360 W Broadway
$275,000 09/10/2010 -- 2.0 1,803 7,920 1966 $152 0.31
329 Buckingham Rd
$705,000 10/27/2010 -- 3.0 2,382 8,910 1957 $295 0.28
621 Oakland Ave
$781,950 11/24/2010 -- 3.0 2,921 6,780 1957 $267 0.38
375 Summit Ave
$475,280 10/22/2010 -- 2.0 1,768 6,880 1923 $268 0.63
525 Arbuckle Ave
$570,000 09/14/2010 -- 2.0 2,300 6,900 1950 $247 0.51
553 Barnard Ave
$520,000 09/20/2010 -- 2.0 2,335 6,800 1954 $222 0.53
364 Rugby Rd
$525,000 04/23/2010 -- 2.5 2,043 6,000 1960 $256 0.15
598 Barnard Ave
$450,000 10/12/2010 -- 2.0 1,656 7,500 1955 $271 0.60
249 Rockaway Tpke
$280,000 11/10/2010 5 3.0 1,582 7,500 1931 $176 0.52
426 Arbuckle Ave
$504,000 09/13/2010 5 2.0 2,105 6,000 1940 $239 0.63
505 Lincoln St
$400,000 09/21/2010 -- 1.0 1,170 6,000 1925 $341 0.34
437 Arlington Rd
$700,000 07/22/2010 -- 1.5 1,920 10,000 1927 $364 0.32
520 Edward Ave
$497,000 10/13/2010 3 2.0 1,744 8,000 1951 $284 0.73
63 Church St
$238,500 10/29/2010 -- 2.0 1,348 4,000 1935 $176 0.79
710 Van Dam St
$566,000 10/01/2010 4 2.5 2,218 8,600 1965 $255 0.77
26 Park Ave
$130,000 04/16/2010 -- 2.0 2,126 4,000 1966 $61 0.40
281 Leroy Ave
$560,000 06/02/2010 -- 2.5 2,414 6,000 1918 $231 0.48
791 Golf Dr
$525,000 11/29/2010 4 2.5 2,506 7,280 1962 $209 0.98
536 Oxford Rd
$375,000 01/11/2010 -- 2.0 1,973 10,500 1952 $190 0.08
257 Washington Ave
$565,000 07/01/2010 -- 2.5 2,120 7,500 1967 $266 0.59
484 Oak Ave
$570,000 06/30/2010 3 2.5 2,400 5,750 1926 $237 0.62
342 Forest Ave
$475,000 09/09/2010 -- 2.0 2,139 8,000 1953 $222 0.85
148 Donahue Ave
$620,000 10/29/2010 4 2.5 2,543 5,000 1951 $243 1.07
382 Clinton Ave
$500,000 04/05/2010 -- 2.5 2,777 5,200 1924 $180 0.45
94 Cedarhurst Ave
$998,000 07/06/2010 -- 2.0 1,648 4,200 1947 $605 0.79
312 Washington Ave
$285,000 08/25/2010 -- 1.0 1,584 2,233 1913 $179 0.50
57 Jaclyn Ct
$400,000 07/02/2010 4 2.0 2,300 4,895 1999 $173 0.92
430 Arbuckle Ave
$523,000 04/05/2010 -- 2.0 1,772 6,000 1926 $295 0.62
356 Grant Ave
$720,000 07/22/2010 -- 2.0 2,357 6,163 1955 $305 0.89
649 Diane Pl
$395,000 09/28/2010 4 2.5 2,464 6,798 1960 $160 1.04
637 Carlyle St
$650,000 07/19/2010 -- 3.0 2,001 9,500 1946 $324 0.67
346 Warren Dr
$515,000 12/07/2010 5 3.0 2,316 8,280 1964 $222 1.06
451 5th Ave
$250,000 09/01/2010 -- 1.0 966 3,196 1908 $258 0.50
556 Clubhouse Rd
$705,500 11/04/2010 4 2.5 2,729 9,052 1950 $258 1.06
78 Meadow Rd
$514,000 09/28/2010 4 2.5 2,200 9,988 1965 $233 1.01
248 Union St
$192,000 04/29/2010 -- 1.5 1,446 7,500 1950 $132 0.53
449 Peninsula Blvd
$330,000 03/29/2010 4 2.0 1,880 2,178,000 1952 $175 0.17
40 Merrall Dr
$910,000 11/17/2010 -- 3.5 2,348 7,200 1950 $387 1.06
839 Fanwood Ave
$470,000 11/22/2010 4 2.0 1,565 6,500 1958 $300 1.40
760 Wilson Ct
$580,000 07/21/2010 -- 2.5 2,358 7,168 1962 $245 0.90
10 Spaulding Ln
$400,000 09/21/2010 4 1.0 1,680 4,343 1952 $238 1.06
63 Church St
$238,500 10/29/2010 -- 1.0 828 3,500 1942 $288 0.79
287 Linwood Ave
$875,000 04/21/2010 4 2.5 2,194 12,501 1941 $398 0.62
8 Muriel Ave
$950,000 11/19/2010 -- 4.0 3,174 7,845 1924 $299 1.00
124 Cumberland Pl
$695,000 10/29/2010 -- 3.0 2,512 7,725 1923 $276 1.12
11 Meadow Rd
$585,000 08/05/2010 4 2.0 1,955 15,594 1965 $299 0.99
927 Midway
$505,000 11/06/2010 -- 3.0 1,808 6,100 1957 $279 1.28
Some other interesting facts in JUNE 2008 this house was worth $556k
But don’t forget that was the peak ,I looked at the 5 year stats, so
what is the bottom line?
To me personally I would walk away ,this is a perfect example of a bank
still playing games.
What these numbers tell me is that they are asking the market price,and to me personally especially during these days that is insulting.
The bottom line is we can always give an offer and if i was buying for my self as the primary residence I would start my offer at $340k but ,if I was working for an investor or buying an investment property it just would not be worth it,due to the fact that from extensive experience the bank will not entertain any offers below 390k.
It is a very exclusive neighborhood so maybe for a primary residence I would take it for 350-360k but thats all,and thats due to again it being a very exclusive neighborhood and the schools are one of the best.
Lesson over please any questions or comments feel free to ask away .
Thank You and please press the follow logo at the bottom of the screen.
Sunday, January 9, 2011
Predictions for 2011 are in.Lifelong renters will begin to buy. As jobs grow, prices hit bottom .
From national and Brooklyn real estate to the U.S. economy, the predictions for 2011 are in. Like any predictions, they vary from gloomy to cheery. Overall, the U.S. forecasts for national and Brooklyn real estate are more positive than negative for 2011.
1. Real Estate Economy Watch predicts: People are interested in buying a foreclosure. Nearly half (49 percent) of U.S. adults are at least somewhat likely to consider purchasing a foreclosed property, up from 45 percent in May, 2010. Despite the rising interest in buying a foreclosed home, an increasing number of U.S. adults also recognize negative aspects to buying a foreclosure.
2. Bill Redfern, CEO of A Buyer’s Choice Home Inspections says: Presale inspections are on the rise. Sellers, and particularly banks, have become far more interested than in the past in having presale inspections conducted to help attract buyers. This business, which helped sustain inspectors during the downturn, is expected to grow in 2011 even as regular inspections come back. I might be optimistic, but I think in five to 10 years every listing coming to market will have a presale inspection done.
3. The National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun is projecting:
· Once businesses pick up spending, job gains will quicken and home sales—fueled by strong affordability and plenty of pent-up demand—will rise.
· 5.2 million existing-home sales in 2011, up from 4.8 million last year.
· Modest improvement in prices—a rise of about 1 percent this year on a national basis. That would be the first in what Yun says will be a series of small but steady gains in the years ahead that will eventually bring home sales back to a period of normalcy.
· Yun says all of the price excesses from the housing bubble have been squeezed out of the market and interest rates remain at historically low levels, making buying attractive now.
4. . The Joint Center for Housind Studies Says:
· If the past is any guide, the strength and sustainability of the housing recovery will depend most on the bounce back in employment growth. Unfortunately, most economists predict that the unemployment rate will remain elevated as discouraged workers reenter the labor force amid slow gains in jobs.
· The oldest baby boomers are just turning 64, with millions soon to follow. Despite their losses in wealth caused by the correction in home and stock prices, the baby boomers will drive demand for senior housing suited to active lifestyles as well as for assisted living facilities.
5. According to the Standard and Poor / Case-Schiller index: Home prices are expected to rise 12 percent in the next five years. And, according to a survey of economists, that upturn should begin in 2011.
6. WalletPop.com’s prediction for renters in 2011: The American Dream will include both renting and owning:
· Lifelong renters will begin to buy. As jobs grow, prices hit bottom or move past their bottom in the handful of appreciating markets, and interest rates start what is likely to be a long, volatile climb up from the all-time lows of 2010, extreme affordability will push even some lifelong renters off the fence and into the market.
· Lifelong owners will begin to rent. Baby Boomers who have owned homes for decades and lost them at the trough of the job and housing markets will become renters-by-choice. Retirees will rent their current homes, rather than selling them, move to warmer climes and rent instead of own their retirement homes, at least until the housing market stabilizes and the mortgage market relaxes.
Although no one can be certain what will happen in 2011 - especially for the struggling national and Brooklyn real estate markets - we can all gain a little hope from these 2011 forecasts
Friday, January 7, 2011
FOR GOD'S SAKE NO ONE IS SAFE,FROM FORECLOSURES,NOT EVEN A CHURCH
The oldest African-American church in DeKalb County no longer has a church.
Flat Rock Community Church originated 150 years ago. Now, one of its fifth-generation members says, "we're in limbo."
In November, the church broke away from the United Methodist denomination over a dispute over their property. In December, dealing with a dwindling membership, the church could no longer afford its $6500 mortgage.
As a result, the building on Evans Mill Road went into foreclosure.
"That led to another decline in membership," said senior pastor
Binita Miles. "People are so hurt that they're giving up."
But congregation members and leaders are most discouraged because they are facing issues that have to do with politics and finance, not religious prayer.
Generation after generation have built this community since slavery," said archive president Johnny Waits, "and for us to lose it now, it's kinda hard."
For now, the congregation continues to find a way. They have been praying at the Flat Rock archive building for the past month. Since January, they moved to nearby Flat Rock Elementary School.
Flat Rock Community Church originated 150 years ago. Now, one of its fifth-generation members says, "we're in limbo."
In November, the church broke away from the United Methodist denomination over a dispute over their property. In December, dealing with a dwindling membership, the church could no longer afford its $6500 mortgage.
As a result, the building on Evans Mill Road went into foreclosure.
"That led to another decline in membership," said senior pastor
But congregation members and leaders are most discouraged because they are facing issues that have to do with politics and finance, not religious prayer.
Generation after generation have built this community since slavery," said archive president Johnny Waits, "and for us to lose it now, it's kinda hard."
For now, the congregation continues to find a way. They have been praying at the Flat Rock archive building for the past month. Since January, they moved to nearby Flat Rock Elementary School.
Wednesday, January 5, 2011
OPPORTUNITY IS EVERYWHERE YOU JUST HAVE TO MAKE AN EFFORT
HELLO EVERYONE
CHECK OUT THIS GUYS VOICE,AND JUST BY CHANCE HE WAS FILMED NOW HE IS GETTING OFFERS TO RUN HIS OWN RADIO SHOW AND MANY OTHER KIND OF OFFERS,NOW
DON'T FORGET THIS GUY IS HOMELESS.
THE POINT I AM TRYING TO MAKE IS OPPORTUNITIES ARE ALL AROUND US ALL YOU HAVE TO DO IS TAKE ACTION.
ALSO CHECK OUT THE REMAX TOUR BUS IN VEGAS TO SHOW FORECLOSED PROPERTIES,
I AM TOTALLY BLOWN AWAY ,I MEAN A TOUR BUS?????? AMAZING!
CHECK OUT THIS GUYS VOICE,AND JUST BY CHANCE HE WAS FILMED NOW HE IS GETTING OFFERS TO RUN HIS OWN RADIO SHOW AND MANY OTHER KIND OF OFFERS,NOW
DON'T FORGET THIS GUY IS HOMELESS.
THE POINT I AM TRYING TO MAKE IS OPPORTUNITIES ARE ALL AROUND US ALL YOU HAVE TO DO IS TAKE ACTION.
ALSO CHECK OUT THE REMAX TOUR BUS IN VEGAS TO SHOW FORECLOSED PROPERTIES,
I AM TOTALLY BLOWN AWAY ,I MEAN A TOUR BUS?????? AMAZING!
Monday, January 3, 2011
REVISED VERSION SO SO SORRY ABOUT ALL THE MISTAKES I WAS IN A RUSH ,DID NOT REALIZE THAT I DIDN'T DO A SIMPLE SPELL CHECK
IF YOU WILL NOT GET WEALTHY IN THIS R.E.MARKET ,YOU NEVER WILL!
HELLO EVERYONE AND I SINCERELY APOLOGIZE FOR THE LATE DELIVERY BUT MY FIRST PRIORITY IS MY DAUGHTER AND MY MOM ,AND THATS THE BOTTOM LINE.
NOW,FOR THE GOOD STUFF,AS THE SAYING GOES BETTER LATE THEN NEVER,SO HERE YOU ARE I WORKED VERY HARD ON THIS LADIES AND GENTLEMAN,I AM NOT A COMPUTER SAVVY PERSON AS YOU CAN PROBABLY TELL BY NOW,THAT IS ANOTHER REASON IT TOOK ME SO LONG AND I AM NOT FINISHED I JUST HAD TO GIVE YOU AT LEAST A TASTE A PALLET AS SOME WOULD SAY,OF THE ENORMOUS OPPORTUNITIES THAT ARE RIGHT IN FRONT OF YOU,ALL YOU HAVE TO DO IS TAKE ACTION AND GRAB THE BULL BY ITS NUTS, THATS IT.
IF YOU WILL NOT BECOME WEALTHY , NOW YOU REALIZE I DID NOT USE ANY OTHER WORDS LIKE MAKE A FEW EXTRA DOLLARS OR EVEN MAKE A LIVING, NO I SAID WEALTHY AND OR FILTHY RICH ON PURPOSE BECAUSE IF YOU DON'T TAKE ADVANTAGE OF THIS MARKET ,IT WILL NOT COME AROUND IN OUR GENERATION,OR THE NEXT. THESE DAYS COLLEGE GRADS ARE COMING OUT SPENDING AN AVERAGE OF I WOULD SAY I CAN BE WRONG BUT A GOOD EDUCATION WILL PUT YOU IN THE POOR HOUSE BEFORE GETTING YOU A SUITE,SO ON AN AVERAGE I WOULD SAY ABOUT I MEAN NOT A CITY COLLEGE ,EVERY ONE COME DOWN I WENT TO ONE MY SELF,SO I WOULD SAY 140K PER YEAR PROBABLY MUCH MORE OR DEFINITELY MUCH MORE IF YOU ARE GOING FOR MED TRAINING, BUT ANYWAY I GOT OFF TRACK AGAIN THEY JUST SIMPLY CANNOT FIND A JOB AND THE LOANS START KICKING IN I BELIEVE 6 TO 12 MOTHS AFTER THE GRADUATION,SO AS I WAS SAYING IF YOU WILL NOT BECOME FILTHY STINKING RICH BEFORE NEXT NEW YEAR HITS MAKE GOALS LIKE LETS SEE ?????? OK LIKE PURCHASING A HOUSE FOR YOURSELF LETS SEE YE NO MORTGAGE IF YOU WILL PLAY YOUR CARDS RIGHT AND I MEAN FOR SUCH A COMPENSATION YOU HAVE TO DEDICATE YOURSELF FULLY WITHOUT ANY DOUBT OR INHIBITION,I AM NOT TELLING YOU NOT TO LOOSE ALL FEAR, SOME FEAR IS HEALTHY IT KEEPS US ON OUR TOES,AND KEEPS US SHARP AND FOCUSED THATS EXACTLY THE STATE OF MIND WE HAVE TO TRAIN OURSELVES TO BE IN.BUT IF YOU PLAY YOUR CARDS RIGHT IT IS A VERY REALISTIC GOAL, I NEVER SAID IT WAS GOING TO BE EASY BUT NEITHER IS BUSTING YOUR HUMP ALL LIFE LONG TO WIND UP WITH THE SSI CHECK,WHICH I PERSONALLY SEEN TOO MANY PEOPLE DO AND ITS VERY SAD AND VERY UN AMERICAN LIKE WAY TO SPEND YOUR LIFE WORKING YOUR ASS OFF ONLY TO SEE YOUR RETIREMENT FUNDS EITHER GET STOLEN BY BERNIE OR THE WAY OUR ECONOMY IS RIGHT NOW PEOPLE ARE EITHER SPENDING THEIR RETIREMENT,OR HAVE SPENT IT ALREADY.SO AS I WAS SAYING ABOUT BUSTING YOUR HUMP FOR A LIVING AND WELL GETTING SCREWED FROM YOUTH TILL DEATH DO US PART.WELL THAT IS THE SAD REALITY FOR THE MAJORITY.I AM 40 YEARS OLD ,WILL BE 41 IN MARCH AND IF YOU ARE ONE OF STRUGGLING GUESS WHAT, I AM NOT ONE OF THOSE RICH CONS WHO GOT RICH,BY LITERALLY PREACHING AND SELLING SOMETHING THAT YOU CANNOT SEE OR FEEL THAT SOMETHING IS CALLED HOPE.I KNOW LADIES AND GENTS HOPE IS LAST TO DIE,AND THERE IS SAME EXACT SAYING IN RUSSIAN ("NADEZDA UMIRAET POSLEDNAYA")IT TRANSLATES WORD FOR WORD HOPE DIES LAST,and I AM MORE THAN SURE THAT IN OTHER COUNTRIES ALL AROUND OUR GREAT EARTH THEY HAVE THE SAME SAYING,IT IS OUR HUMAN NATURE,OUR BASIC INSTINCT KICKS IN WHEN WE ARE IN A DIRE SITUATION,AND THE INSTINCT IS TO SURVIVE WHATEVER IT TAKES.LIFE IS WHAT YOU MAKE IT ,AND IT REALLY JUST THAT,UNLESS OFF COURSE YOU ARE TERMINALLY ILL,THERE SHOULD NOT BE A REASON NOT TO REBUILT A BETTER AND A WISER YOU.LETS TALK FORECLOSURES MY FAVORITE SUBJECT.GOOD EVENING LADIES AND GENTS MY NAME IS JOSEPH MANOYLO,I AM ORIGINALLY FROM UKRAINE ODESSA, I KNOW BY NOW YOU MUST BE SAYING TO YOURSELF IF I AM NOT RICH THEN WHY SHOULD YOU READ ON PERIOD,WELL LADIES AND GENTS I AM COMING TO YOU FROM BRIGHTON BEACH BROOKLYN, WHICH IS CALLED LITTLE ODESSA DUE TO THE HUGE POPULATION OF RUSSIAN PEOPLE RESIDING IN TH AREA,ITS QUITE A CULTURE SHOCK TO ANYONE WHO HAS NEVER BEEN HERE,I MEAN EVERYTHING YOU SEE AND HEAR IS RUSSIAN.I QUALIFY BECAUSE I STARTED BUYING FORECLOSED HOMES FOR A PRIVATE INVESTOR BACK IN 1996 SO I DO HAVE SOME WHAT OF AN EXPERIENCE.I GOT INTERESTED IN REAL ESTATE YOU WILL NEVER BELIEVE BY WHOM ,CARLETON SHEETS GOT ME INTERESTED IN REAL ESTATE I THINK I WAS AROUND 17 OR SOMETHING LIKE THAT ANYWAY THE IDEA WAS GOOD BUT NOT IN THE MIDDLE OF BROOKLYN,AND NOT IN THOSE DAYS ,THESE DAYS YOU CAN ACTUALLY IMPLEMENT HIS NO MONEY DOWN TECHNIQUE ANYWHERE ACROSS THE UNITED STATES. YOU A LITTLE ABOUT MYSELF,I GOT LICENSED AS AN RE SALES AGENT BACK IN 1992,WORKED FOR ONE YEAR FULL TIME ,COULD NOT STAND IT,IT WAS A BORING JOB TO ME SHOWING PEOPLE WHO HAVE NO INTEREST IN BUYING HOUSES SO I BAILED AFTER ONE YEAR.LETS SEE ,18 YEARS AGO I WAS 22 AND I WAS SURE THAT THERE WAS MONEY TO BE MADE BY THE PROCESS OF SPECULATING WHICH IS BUY LOW SELL HIGH THAT IS THE BASIC CONCEPT.LIKE I SAID I WORKED FULL TIME FOR ONE YEAR AS A SALES AGENT AND IT WAS NOT FOR ME,GUESS, WHAT WAS THE ONLY INCOME THAT I MADE THAT YEAR FROM,WELL YES FROM A PURCHASE OF A FORECLOSED PROPERTY,THE BROKER WHO I WORKED FOR WAS A PART TIME INVESTOR AND AS IT CAME TO BE HE WAS SHORT ON CASH BECAUSE HE HAD IT TIED UP IN PROPERTIES AT THE TIME SO HE ASKED ME IF I CAN GET 20K SOMEWHERE FOR 4-6 MOTHS AND GET MINIMUM 40 BACK ,HE EXPLAINED TO ME THAT HIS FRIEND OF A FRIEND ATTORNEY HAD COME ACROSS A PROPERTY THAT WAS HELD BY A REFEREE THAT IS THE PERSON WHO HOLDS YOUR DEED IN THE EVENT OF DEATH UNTIL ITS FIGURED OUT WHO THE PROPERTY WILL GO TO AFTERWARD,ANYWAY I ASKED MY FATHER AT THE TIME HE LET ME BORROW THE 20K CAUSE I TOLD HIM HE WILL MAKE 50 PERCENT ON HIS MONEY ,THE LATEST IS 6 MONTHS AFTER A FEW CONVERSATIONS I FINALLY CONVINCED HIM GUESS WHAT AROUND 5 MONTHS OR SO HE SOLD THE PROPERTY AND BEFORE HE CLOSED ON IT HE GAVE ME 42K ,I WAS BLOWN AWAY,BUT I COULD NOT STAND THE SALES END OF THE JOB SO AFTER THAT I QUIT THE RE SALES JOB AND STARTED DRIVING A LIMO,BUT EVEN BACK THEN WITHOUT ANY KNOWLEDGE I HAD CAUGHT AN ADD IN THE DAILY NEWS ABOUT A CITY AUCTION AND ONE OF THE HOUSES WAS LIKE 10 MINUTES FROM WHERE I LIVED WHICH WAS STILL BRIGHTON BEACH BY THE WAY,SO ME AND MY FATHER WENT TO INSPECT IT ON THE DESIGNATED INSPECTION DATES,MY FATHER WAS AN ELECTRICIAN,SO HE KNEW THE BASICS OF CONSTRUCTION,I ON THE OTHER HAND DID NOT SO IN ASKED SOMEONE TO COME AND BE LIKE A SECOND OPINION,YOU KNOW ITS ALWAYS GOOD TO HAVE ONE WHEN YOU ARE IN DOUBT.WE CHECKED IT OUT WE COUNTED UP THE REPAIRS THE CLOSING COSTS I GUESS WE WERE IN A BALL PARK FIGURE ANYWAY WE HAD TO BRING A TEN THOUSAND DOLLAR CERTIFIED CHECK MADE OUT TO MY FATHERS NAME BECAUSE JUST IN CASE WE DON'T GET THE PROPERTY HE WAS ABLE TO DEPOSIT IT BACK ONTO HIS ACCOUNT,WELL WE DID NOT GET IT I REMEMBER BECAUSE WE WERE OUTBID BY SOMEONE WHO WAS WILLING TO PAY 8K OVER THE PRICE THAT WE CAME UP WITH AFTER THE CALCULATIONS THAT WE MADE,THE BOTTOM LINE IS THE BOTTOM LINE SO WE WALKED ,AS DISAPPOINTED AS WE WERE,WE STUCK TO THE PLAN AND WALKED AWAY. THATS EXACTLY THE KIND OF DISCIPLINE MIXED WITH FEAR ,THAT YOU HAVE TO ESTABLISH YOU MUST STICK TO YOUR BOTTOM LINE OTHERWISE YOU WILL GET HURT AND YOUR BOTTOM LINE BETTER HAVE INCORPORATED I WOULD SAY A MIN OF 5%-10% I MEAN IF YOU KNOW THAT ITS A SCORE YOU TAKE IT IF ITS KINDA SHAKY DUE TO THE NEIGHBORHOOD OR ANY OTHER REASON WHAT YOU MUST DO IS WALK AWAY. FOR SOMEONE WHO EVEN HAS THE MOST MINIMUM KIND OF RESOURCE,OR KNOWS SOMEONE WHO DOES YOU HAVE A GREAT CHANCE OF MAKING BAGS I MEAN BAGS FULL OF CASH. THAT IS IF YOU HAVE JUST THE THE BASIC TOOLS,AND I AM NOT TALKING ABOUT WHAT I AM GOING TO REVEAL IN THIS SITE,BECAUSE THATS ANYTHING BUT BASIC,I GAVE YOU LADIES AND GENTLEMAN THE HOW,THE WHEN IS YESTERDAY,THE WHERE IS WHEREVER YOU ARE RIGHT NOW,IT CAN BE DONE FROM ABSOLUTELY EVERYWHERE IN OUR POOR BROKE NATION,AND ALL AROUND THE WORLD,I KID YOU NOT ,BUYER BEWARE , NOT SELLER BE TRUTHFUL,BUT OTHER THAN THAT ,JUST DO YOUR HOMEWORK,AND THE BASIC TOOLS THAT I WAS TALKING ABOUT WERE,A LITTLE MAZEL,THATS LUCK IN YIDDISH,AND THE REST IS KNOWLEDGE,SO AS MUCH AS YOU WILL PUT IN THATS EXACTLY HOW MUCH YOU WILL GET BACK,WELL IN THIS BUSINESS IT BETTER NOT BE LESS THAN 33%-TO 40% 0F YOUR INVESTMENT ,AND I AM TALKING MINIMUM,IF THE NUMBERS DON'T MAKE SENSE, WITH YOU GETTING A MINIMUM OF 33% BACK ON YOUR INVESTMENT,WALK AWAY ,YOU ARE IN NEED NOW,THE PROPERTIES ARE THERE AND THE LONGER THE BANKS WILL CONTINUE TO PLAY THESE GAMES WITH SOMETIMES COMING OUT EVEN AT OR HIGHER THEN TODAYS MARKET PRICE,TELL THEM TO SHOVE IT,YOU ARE IN CONTROL NOW,I STARTED IN THE BIZ OF SPECULATING I BELIEVE TODAY AT MIDNIGHT IT WILL BE YES 16 YEARS AGO BACK IN THE USSR,JUST KIDDING ALTHOUGH I WAS BORN IN UKRAINE THE GREAT CITY OF ODESSA THATS WHERE THE DIMAODESIT COMES FROM JUST IN CASE ANYBODY WAS WANDERING,BUT GETTING BACK ON TRACK,BACK IN 1995 IS WHEN I MET UP ,ACTUALLY WAS INTRODUCED TO A GENTLEMAN WHO WENT BY THE NAME OF JERRY NEMZER,I SADLY SAY HE WENT BY THE NAME OF JERRY NEMZER,DUE TO THE FACT THAT HE PASSED AWAY.WHEN WE STARTED OUT,THERE WAS ME AND ANOTHER 2 GUYS AND OUR FEARLESS LEADER JERRY NEMZER,THE THREE MUSKETEERS, TO MAKE A LONG STORY SHORTER THEN IT ALREADY IS I WILL SUM IT UP FOR YOU,WE BOUGHT OUR FIRST HOUSE LATER ON THAT MONTH IN ELMONT AND WE HAVE SIGNED THE CONTRACT FOR SALE LATER ON THAT MONTH.THAT WAS MY VERY START ,AND I KNEW THEN THAT I HAVE FINALLY ARRIVED,WE WERE LIKE STAR TRACK WE WENT WHERE NO ONE HAD GONE BEFORE,WE WERE THE PIONEERS OF THE INDUSTRY WE BOUGHT IN HEMSTEAD,NY ROOSEVELT,NY FREEPORT,NY,JAMAICA QUEENS I MEAN THE WORST PART OF THAT AREA ,BEDSTEUY,BUSHWICK,CENTRAL ISLIP WE WERE THE FIRST AS WELL, BAY SHORE,HUNTINGTON,CONEY ISLAND I MEAN WE WERE THE FIRST EVERYWHERE AND GUESS WHAT WE WERE NOT THE SECOND OR THIRD WE FOUND OUT THAT WE HAD AN AUDIENCE AND AS SOON AS WE SOLD AND G0T THE COMPS THAT WAS THAT ,BUT I AM VERY PROUD TO HAVE BEEN LEAD ,BY OUR FEARLESS LEADER JERRY NEMZER WHO AFTERWARD BECAME A VERY DEAR FRIEND AND A TRUE MENTOR,HE WAS A FREAK OF NATURE,HE HAD AN AMAZING KNOWLEDGE OF EACH AND EVERY ASPECT OF THE REAL ESTATE BUSINESS,HE FOUND A SOLUTION WHERE THERE WAS NONE AND THATS THE BOTTOM LINE(THAT WAS HIS FAVORITE ENDING) HE WAS MY INSPIRATION FOR GIVING THIS GIFT TO YOU AND I HOPE IT WILL GIVE YOU THE TOOLS AND THE UNDERSTANDING OF THIS VERY MUCH PROFITABLE AND FOR ME A VERY CHALLENGING AND PUSH IT TO THE LIMIT BUSINESS,I'M NOT TELLING YOU TO LOVE IT OR EVEN FEEL ANYTHING ABOUT IT ALL I'M TRYING TO DO IS GIVE YOU THE GENERAL IDEA AND TAKE THE FEAR OF THE UNKNOWN,BECAUSE THATS WHERE MOST OF THE FEAR IS ,ONCE WE LEARN THAT THAT SPIDER IS NOT DANGEROUS AT ALL THEN WE WILL PROBABLY AVOID STEPPING ON IT THE NEXT TIME WE SEE HIM OUTDOORS,ANYWAY BY MONTH #8 WE WERE BUYING SELLING RENOVATING THE FULL TRIFECTA ON AN AVERAGE 12-16 PROPERTIES A MONTH I WAS THE HEAD BUYER ,BY THE TIME IN WAS 28 I WAS A PROUD OWNER OF A MAIN RESIDENCE DUPLEX WITH a POOL 10'FENCE EVERYTHING IN MARBLE AND SPECIAL ORDERED FROM THE CUSTOM FURNITURE SHOPS,I MEAN I HAD IT I LIVED IT THE OTHER PROPERTY WAS OCCUPIED BY MY MOM AND MY BROTHER AND I HAD A ONE BEDROOM RENTAL DOWNSTAIRS,IT WAS SWEET,BY THE AGE 30 I OPENED UP MY OWN OFFICE TRIED TO FLY SOLO,LIFE HAPPENED AND I CRASHED,THAT WAS 10 YEARS AGO OR SO ,SO YES I HAD THE CARS IN FACT I HAD BOUGHT AND SOLD,AND OR CRASHED I AROUND 26 DIFFERENT CARS BY THE AGE OF MID TWENTIES,MIAMI WAS MY PLAYGROUND ,I USE TO LOVE THAT CITY IT WAS LIKE MY SECOND HOME ,ANYWAY I MYSELF HAVE A LOT OF GOALS TO FULFILL AND MAKE THEM INTO A REALITY WHICH I WILL,I WILL GIVE YOU WHATEVER I COULD TONIGHT BECAUSE I AM VERY UPSET WITH MYSELF THAT I DID NOT DELIVER AS PROMISED,BUT LIKE I SAID SOME THINGS ARE JUST MORE IMPORTANT THAN THE OTHERS AND MY FAMILY COMES FIRST.
HEALTHY AND A HAPPY NEW YEAR ALL THE BEST TO YOU AND YOURS ,AND REMEMBER BUYER BEWARE,DON'T WAIT TO BUY REAL ESTATE,BUY AND WAIT!!!!!!!!!!!!!!!!!!!!!!ALL THE BEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HELLO EVERYONE AND I SINCERELY APOLOGIZE FOR THE LATE DELIVERY BUT MY FIRST PRIORITY IS MY DAUGHTER AND MY MOM ,AND THATS THE BOTTOM LINE.
NOW,FOR THE GOOD STUFF,AS THE SAYING GOES BETTER LATE THEN NEVER,SO HERE YOU ARE I WORKED VERY HARD ON THIS LADIES AND GENTLEMAN,I AM NOT A COMPUTER SAVVY PERSON AS YOU CAN PROBABLY TELL BY NOW,THAT IS ANOTHER REASON IT TOOK ME SO LONG AND I AM NOT FINISHED I JUST HAD TO GIVE YOU AT LEAST A TASTE A PALLET AS SOME WOULD SAY,OF THE ENORMOUS OPPORTUNITIES THAT ARE RIGHT IN FRONT OF YOU,ALL YOU HAVE TO DO IS TAKE ACTION AND GRAB THE BULL BY ITS NUTS, THATS IT.
IF YOU WILL NOT BECOME WEALTHY , NOW YOU REALIZE I DID NOT USE ANY OTHER WORDS LIKE MAKE A FEW EXTRA DOLLARS OR EVEN MAKE A LIVING, NO I SAID WEALTHY AND OR FILTHY RICH ON PURPOSE BECAUSE IF YOU DON'T TAKE ADVANTAGE OF THIS MARKET ,IT WILL NOT COME AROUND IN OUR GENERATION,OR THE NEXT. THESE DAYS COLLEGE GRADS ARE COMING OUT SPENDING AN AVERAGE OF I WOULD SAY I CAN BE WRONG BUT A GOOD EDUCATION WILL PUT YOU IN THE POOR HOUSE BEFORE GETTING YOU A SUITE,SO ON AN AVERAGE I WOULD SAY ABOUT I MEAN NOT A CITY COLLEGE ,EVERY ONE COME DOWN I WENT TO ONE MY SELF,SO I WOULD SAY 140K PER YEAR PROBABLY MUCH MORE OR DEFINITELY MUCH MORE IF YOU ARE GOING FOR MED TRAINING, BUT ANYWAY I GOT OFF TRACK AGAIN THEY JUST SIMPLY CANNOT FIND A JOB AND THE LOANS START KICKING IN I BELIEVE 6 TO 12 MOTHS AFTER THE GRADUATION,SO AS I WAS SAYING IF YOU WILL NOT BECOME FILTHY STINKING RICH BEFORE NEXT NEW YEAR HITS MAKE GOALS LIKE LETS SEE ?????? OK LIKE PURCHASING A HOUSE FOR YOURSELF LETS SEE YE NO MORTGAGE IF YOU WILL PLAY YOUR CARDS RIGHT AND I MEAN FOR SUCH A COMPENSATION YOU HAVE TO DEDICATE YOURSELF FULLY WITHOUT ANY DOUBT OR INHIBITION,I AM NOT TELLING YOU NOT TO LOOSE ALL FEAR, SOME FEAR IS HEALTHY IT KEEPS US ON OUR TOES,AND KEEPS US SHARP AND FOCUSED THATS EXACTLY THE STATE OF MIND WE HAVE TO TRAIN OURSELVES TO BE IN.BUT IF YOU PLAY YOUR CARDS RIGHT IT IS A VERY REALISTIC GOAL, I NEVER SAID IT WAS GOING TO BE EASY BUT NEITHER IS BUSTING YOUR HUMP ALL LIFE LONG TO WIND UP WITH THE SSI CHECK,WHICH I PERSONALLY SEEN TOO MANY PEOPLE DO AND ITS VERY SAD AND VERY UN AMERICAN LIKE WAY TO SPEND YOUR LIFE WORKING YOUR ASS OFF ONLY TO SEE YOUR RETIREMENT FUNDS EITHER GET STOLEN BY BERNIE OR THE WAY OUR ECONOMY IS RIGHT NOW PEOPLE ARE EITHER SPENDING THEIR RETIREMENT,OR HAVE SPENT IT ALREADY.SO AS I WAS SAYING ABOUT BUSTING YOUR HUMP FOR A LIVING AND WELL GETTING SCREWED FROM YOUTH TILL DEATH DO US PART.WELL THAT IS THE SAD REALITY FOR THE MAJORITY.I AM 40 YEARS OLD ,WILL BE 41 IN MARCH AND IF YOU ARE ONE OF STRUGGLING GUESS WHAT, I AM NOT ONE OF THOSE RICH CONS WHO GOT RICH,BY LITERALLY PREACHING AND SELLING SOMETHING THAT YOU CANNOT SEE OR FEEL THAT SOMETHING IS CALLED HOPE.I KNOW LADIES AND GENTS HOPE IS LAST TO DIE,AND THERE IS SAME EXACT SAYING IN RUSSIAN ("NADEZDA UMIRAET POSLEDNAYA")IT TRANSLATES WORD FOR WORD HOPE DIES LAST,and I AM MORE THAN SURE THAT IN OTHER COUNTRIES ALL AROUND OUR GREAT EARTH THEY HAVE THE SAME SAYING,IT IS OUR HUMAN NATURE,OUR BASIC INSTINCT KICKS IN WHEN WE ARE IN A DIRE SITUATION,AND THE INSTINCT IS TO SURVIVE WHATEVER IT TAKES.LIFE IS WHAT YOU MAKE IT ,AND IT REALLY JUST THAT,UNLESS OFF COURSE YOU ARE TERMINALLY ILL,THERE SHOULD NOT BE A REASON NOT TO REBUILT A BETTER AND A WISER YOU.LETS TALK FORECLOSURES MY FAVORITE SUBJECT.GOOD EVENING LADIES AND GENTS MY NAME IS JOSEPH MANOYLO,I AM ORIGINALLY FROM UKRAINE ODESSA, I KNOW BY NOW YOU MUST BE SAYING TO YOURSELF IF I AM NOT RICH THEN WHY SHOULD YOU READ ON PERIOD,WELL LADIES AND GENTS I AM COMING TO YOU FROM BRIGHTON BEACH BROOKLYN, WHICH IS CALLED LITTLE ODESSA DUE TO THE HUGE POPULATION OF RUSSIAN PEOPLE RESIDING IN TH AREA,ITS QUITE A CULTURE SHOCK TO ANYONE WHO HAS NEVER BEEN HERE,I MEAN EVERYTHING YOU SEE AND HEAR IS RUSSIAN.I QUALIFY BECAUSE I STARTED BUYING FORECLOSED HOMES FOR A PRIVATE INVESTOR BACK IN 1996 SO I DO HAVE SOME WHAT OF AN EXPERIENCE.I GOT INTERESTED IN REAL ESTATE YOU WILL NEVER BELIEVE BY WHOM ,CARLETON SHEETS GOT ME INTERESTED IN REAL ESTATE I THINK I WAS AROUND 17 OR SOMETHING LIKE THAT ANYWAY THE IDEA WAS GOOD BUT NOT IN THE MIDDLE OF BROOKLYN,AND NOT IN THOSE DAYS ,THESE DAYS YOU CAN ACTUALLY IMPLEMENT HIS NO MONEY DOWN TECHNIQUE ANYWHERE ACROSS THE UNITED STATES. YOU A LITTLE ABOUT MYSELF,I GOT LICENSED AS AN RE SALES AGENT BACK IN 1992,WORKED FOR ONE YEAR FULL TIME ,COULD NOT STAND IT,IT WAS A BORING JOB TO ME SHOWING PEOPLE WHO HAVE NO INTEREST IN BUYING HOUSES SO I BAILED AFTER ONE YEAR.LETS SEE ,18 YEARS AGO I WAS 22 AND I WAS SURE THAT THERE WAS MONEY TO BE MADE BY THE PROCESS OF SPECULATING WHICH IS BUY LOW SELL HIGH THAT IS THE BASIC CONCEPT.LIKE I SAID I WORKED FULL TIME FOR ONE YEAR AS A SALES AGENT AND IT WAS NOT FOR ME,GUESS, WHAT WAS THE ONLY INCOME THAT I MADE THAT YEAR FROM,WELL YES FROM A PURCHASE OF A FORECLOSED PROPERTY,THE BROKER WHO I WORKED FOR WAS A PART TIME INVESTOR AND AS IT CAME TO BE HE WAS SHORT ON CASH BECAUSE HE HAD IT TIED UP IN PROPERTIES AT THE TIME SO HE ASKED ME IF I CAN GET 20K SOMEWHERE FOR 4-6 MOTHS AND GET MINIMUM 40 BACK ,HE EXPLAINED TO ME THAT HIS FRIEND OF A FRIEND ATTORNEY HAD COME ACROSS A PROPERTY THAT WAS HELD BY A REFEREE THAT IS THE PERSON WHO HOLDS YOUR DEED IN THE EVENT OF DEATH UNTIL ITS FIGURED OUT WHO THE PROPERTY WILL GO TO AFTERWARD,ANYWAY I ASKED MY FATHER AT THE TIME HE LET ME BORROW THE 20K CAUSE I TOLD HIM HE WILL MAKE 50 PERCENT ON HIS MONEY ,THE LATEST IS 6 MONTHS AFTER A FEW CONVERSATIONS I FINALLY CONVINCED HIM GUESS WHAT AROUND 5 MONTHS OR SO HE SOLD THE PROPERTY AND BEFORE HE CLOSED ON IT HE GAVE ME 42K ,I WAS BLOWN AWAY,BUT I COULD NOT STAND THE SALES END OF THE JOB SO AFTER THAT I QUIT THE RE SALES JOB AND STARTED DRIVING A LIMO,BUT EVEN BACK THEN WITHOUT ANY KNOWLEDGE I HAD CAUGHT AN ADD IN THE DAILY NEWS ABOUT A CITY AUCTION AND ONE OF THE HOUSES WAS LIKE 10 MINUTES FROM WHERE I LIVED WHICH WAS STILL BRIGHTON BEACH BY THE WAY,SO ME AND MY FATHER WENT TO INSPECT IT ON THE DESIGNATED INSPECTION DATES,MY FATHER WAS AN ELECTRICIAN,SO HE KNEW THE BASICS OF CONSTRUCTION,I ON THE OTHER HAND DID NOT SO IN ASKED SOMEONE TO COME AND BE LIKE A SECOND OPINION,YOU KNOW ITS ALWAYS GOOD TO HAVE ONE WHEN YOU ARE IN DOUBT.WE CHECKED IT OUT WE COUNTED UP THE REPAIRS THE CLOSING COSTS I GUESS WE WERE IN A BALL PARK FIGURE ANYWAY WE HAD TO BRING A TEN THOUSAND DOLLAR CERTIFIED CHECK MADE OUT TO MY FATHERS NAME BECAUSE JUST IN CASE WE DON'T GET THE PROPERTY HE WAS ABLE TO DEPOSIT IT BACK ONTO HIS ACCOUNT,WELL WE DID NOT GET IT I REMEMBER BECAUSE WE WERE OUTBID BY SOMEONE WHO WAS WILLING TO PAY 8K OVER THE PRICE THAT WE CAME UP WITH AFTER THE CALCULATIONS THAT WE MADE,THE BOTTOM LINE IS THE BOTTOM LINE SO WE WALKED ,AS DISAPPOINTED AS WE WERE,WE STUCK TO THE PLAN AND WALKED AWAY. THATS EXACTLY THE KIND OF DISCIPLINE MIXED WITH FEAR ,THAT YOU HAVE TO ESTABLISH YOU MUST STICK TO YOUR BOTTOM LINE OTHERWISE YOU WILL GET HURT AND YOUR BOTTOM LINE BETTER HAVE INCORPORATED I WOULD SAY A MIN OF 5%-10% I MEAN IF YOU KNOW THAT ITS A SCORE YOU TAKE IT IF ITS KINDA SHAKY DUE TO THE NEIGHBORHOOD OR ANY OTHER REASON WHAT YOU MUST DO IS WALK AWAY. FOR SOMEONE WHO EVEN HAS THE MOST MINIMUM KIND OF RESOURCE,OR KNOWS SOMEONE WHO DOES YOU HAVE A GREAT CHANCE OF MAKING BAGS I MEAN BAGS FULL OF CASH. THAT IS IF YOU HAVE JUST THE THE BASIC TOOLS,AND I AM NOT TALKING ABOUT WHAT I AM GOING TO REVEAL IN THIS SITE,BECAUSE THATS ANYTHING BUT BASIC,I GAVE YOU LADIES AND GENTLEMAN THE HOW,THE WHEN IS YESTERDAY,THE WHERE IS WHEREVER YOU ARE RIGHT NOW,IT CAN BE DONE FROM ABSOLUTELY EVERYWHERE IN OUR POOR BROKE NATION,AND ALL AROUND THE WORLD,I KID YOU NOT ,BUYER BEWARE , NOT SELLER BE TRUTHFUL,BUT OTHER THAN THAT ,JUST DO YOUR HOMEWORK,AND THE BASIC TOOLS THAT I WAS TALKING ABOUT WERE,A LITTLE MAZEL,THATS LUCK IN YIDDISH,AND THE REST IS KNOWLEDGE,SO AS MUCH AS YOU WILL PUT IN THATS EXACTLY HOW MUCH YOU WILL GET BACK,WELL IN THIS BUSINESS IT BETTER NOT BE LESS THAN 33%-TO 40% 0F YOUR INVESTMENT ,AND I AM TALKING MINIMUM,IF THE NUMBERS DON'T MAKE SENSE, WITH YOU GETTING A MINIMUM OF 33% BACK ON YOUR INVESTMENT,WALK AWAY ,YOU ARE IN NEED NOW,THE PROPERTIES ARE THERE AND THE LONGER THE BANKS WILL CONTINUE TO PLAY THESE GAMES WITH SOMETIMES COMING OUT EVEN AT OR HIGHER THEN TODAYS MARKET PRICE,TELL THEM TO SHOVE IT,YOU ARE IN CONTROL NOW,I STARTED IN THE BIZ OF SPECULATING I BELIEVE TODAY AT MIDNIGHT IT WILL BE YES 16 YEARS AGO BACK IN THE USSR,JUST KIDDING ALTHOUGH I WAS BORN IN UKRAINE THE GREAT CITY OF ODESSA THATS WHERE THE DIMAODESIT COMES FROM JUST IN CASE ANYBODY WAS WANDERING,BUT GETTING BACK ON TRACK,BACK IN 1995 IS WHEN I MET UP ,ACTUALLY WAS INTRODUCED TO A GENTLEMAN WHO WENT BY THE NAME OF JERRY NEMZER,I SADLY SAY HE WENT BY THE NAME OF JERRY NEMZER,DUE TO THE FACT THAT HE PASSED AWAY.WHEN WE STARTED OUT,THERE WAS ME AND ANOTHER 2 GUYS AND OUR FEARLESS LEADER JERRY NEMZER,THE THREE MUSKETEERS, TO MAKE A LONG STORY SHORTER THEN IT ALREADY IS I WILL SUM IT UP FOR YOU,WE BOUGHT OUR FIRST HOUSE LATER ON THAT MONTH IN ELMONT AND WE HAVE SIGNED THE CONTRACT FOR SALE LATER ON THAT MONTH.THAT WAS MY VERY START ,AND I KNEW THEN THAT I HAVE FINALLY ARRIVED,WE WERE LIKE STAR TRACK WE WENT WHERE NO ONE HAD GONE BEFORE,WE WERE THE PIONEERS OF THE INDUSTRY WE BOUGHT IN HEMSTEAD,NY ROOSEVELT,NY FREEPORT,NY,JAMAICA QUEENS I MEAN THE WORST PART OF THAT AREA ,BEDSTEUY,BUSHWICK,CENTRAL ISLIP WE WERE THE FIRST AS WELL, BAY SHORE,HUNTINGTON,CONEY ISLAND I MEAN WE WERE THE FIRST EVERYWHERE AND GUESS WHAT WE WERE NOT THE SECOND OR THIRD WE FOUND OUT THAT WE HAD AN AUDIENCE AND AS SOON AS WE SOLD AND G0T THE COMPS THAT WAS THAT ,BUT I AM VERY PROUD TO HAVE BEEN LEAD ,BY OUR FEARLESS LEADER JERRY NEMZER WHO AFTERWARD BECAME A VERY DEAR FRIEND AND A TRUE MENTOR,HE WAS A FREAK OF NATURE,HE HAD AN AMAZING KNOWLEDGE OF EACH AND EVERY ASPECT OF THE REAL ESTATE BUSINESS,HE FOUND A SOLUTION WHERE THERE WAS NONE AND THATS THE BOTTOM LINE(THAT WAS HIS FAVORITE ENDING) HE WAS MY INSPIRATION FOR GIVING THIS GIFT TO YOU AND I HOPE IT WILL GIVE YOU THE TOOLS AND THE UNDERSTANDING OF THIS VERY MUCH PROFITABLE AND FOR ME A VERY CHALLENGING AND PUSH IT TO THE LIMIT BUSINESS,I'M NOT TELLING YOU TO LOVE IT OR EVEN FEEL ANYTHING ABOUT IT ALL I'M TRYING TO DO IS GIVE YOU THE GENERAL IDEA AND TAKE THE FEAR OF THE UNKNOWN,BECAUSE THATS WHERE MOST OF THE FEAR IS ,ONCE WE LEARN THAT THAT SPIDER IS NOT DANGEROUS AT ALL THEN WE WILL PROBABLY AVOID STEPPING ON IT THE NEXT TIME WE SEE HIM OUTDOORS,ANYWAY BY MONTH #8 WE WERE BUYING SELLING RENOVATING THE FULL TRIFECTA ON AN AVERAGE 12-16 PROPERTIES A MONTH I WAS THE HEAD BUYER ,BY THE TIME IN WAS 28 I WAS A PROUD OWNER OF A MAIN RESIDENCE DUPLEX WITH a POOL 10'FENCE EVERYTHING IN MARBLE AND SPECIAL ORDERED FROM THE CUSTOM FURNITURE SHOPS,I MEAN I HAD IT I LIVED IT THE OTHER PROPERTY WAS OCCUPIED BY MY MOM AND MY BROTHER AND I HAD A ONE BEDROOM RENTAL DOWNSTAIRS,IT WAS SWEET,BY THE AGE 30 I OPENED UP MY OWN OFFICE TRIED TO FLY SOLO,LIFE HAPPENED AND I CRASHED,THAT WAS 10 YEARS AGO OR SO ,SO YES I HAD THE CARS IN FACT I HAD BOUGHT AND SOLD,AND OR CRASHED I AROUND 26 DIFFERENT CARS BY THE AGE OF MID TWENTIES,MIAMI WAS MY PLAYGROUND ,I USE TO LOVE THAT CITY IT WAS LIKE MY SECOND HOME ,ANYWAY I MYSELF HAVE A LOT OF GOALS TO FULFILL AND MAKE THEM INTO A REALITY WHICH I WILL,I WILL GIVE YOU WHATEVER I COULD TONIGHT BECAUSE I AM VERY UPSET WITH MYSELF THAT I DID NOT DELIVER AS PROMISED,BUT LIKE I SAID SOME THINGS ARE JUST MORE IMPORTANT THAN THE OTHERS AND MY FAMILY COMES FIRST.
HEALTHY AND A HAPPY NEW YEAR ALL THE BEST TO YOU AND YOURS ,AND REMEMBER BUYER BEWARE,DON'T WAIT TO BUY REAL ESTATE,BUY AND WAIT!!!!!!!!!!!!!!!!!!!!!!ALL THE BEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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