tag:blogger.com,1999:blog-64683989347402556792009-04-06T09:16:22.936-07:00Chreff PropertiesIF YOU WANT TO BE THE BEST YOU BETTER BE THE BEST!!!!!Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-6468398934740255679.post-45066129967472600902009-04-06T09:13:00.000-07:002009-04-06T09:16:22.954-07:00Tired of Worring if or when your job will be over?Tired of Worrying if or when your Job will be over?<br />663,000 Jobs Cut in March 2009<br /><br /><br /><br />WASHINGTON — The nation's unemployment rate shot up to 8.5% in March as employers shed 663,000 jobs and cut workers' hours to a record low, the Labor Department said Friday in a report showing continued rapid deterioration in the job market. March 2009<br /><br />A record 13.2 million Americans were out of work last month. Firms have cut 5.1 million jobs since the recession began in December 2007, with nearly two-thirds of the cuts happening in the last five months.<br /><br />A record 13.2 million Americans were out of work last month. Firms have cut 5.1 million jobs since the recession began in December 2007, with nearly two-thirds of the cuts happening in the last five months.<br /><br />The unemployment rate was up from a seasonally adjusted 8.1% in February, and at 8.5% it is the highest since November 1983. A year ago the rate was 5.1%.<br /><br />For the first time since 1985, less than 60% of the U.S. population was working.<br />And workers who held onto their jobs weren't having it easy. Non-supervisory employees worked on average 33.2 hours a week last month, lowest since the government began measuring hours in 1964, as businesses cut employees' hours. A record 9 million people were working part time in March even though they wanted full-time work.<br /><br />The so-called rate of underemployment, which includes people who working part time but who wanted to work full time, and those who dropped out of the labor force because they gave up looking for work, was 15.6% in March. That was up from 14.8% in February and the highest since those records began in 1994.<br /><br />Labor Secretary Hilda Solis said the administration is working to help those who are losing their jobs, including working with state lawmakers to extend unemployment benefits to a wider pool of workers. Congress in the stimulus bill provided $7 billion to states that expand benefits to more workers, such as those that work part time or were at their job for a short period of time before being laid off. Currently the majority of unemployed workers are not eligible to collect state benefits.<br /><br />Other focuses include retraining and maximizing the number of jobs created by stimulus spending on infrastructure, the secretary said.<br /><br />"The president and I are very concerned about the continuing drop off in employment," Solis said in an interview.<br /><br /><br />The employment situation does not bode well for consumer spending, which accounts for more than two-thirds of U.S. economic activity, economists say.<br />"Household incomes will remain under pressure, casting doubt on the extent to which the gains in consumer spending seen in January and February will be sustained over coming months," says Richard Moody, chief economist at Forward Capital.<br /><br />The news came as a few recent economic reports have led to some hope that the economy, while not necessarily poised for a quick rebound, may have hit bottom. This week, for example, the Institute for Supply Management said while manufacturing activity continued to contract in March, the pace of the decline had eased for a third consecutive month.<br /><br />On Friday, the ISM said its index of service-sector activity in March was 40.8, down from 41.6 in February and the lowest since December as orders, jobs and export orders all fell. Numbers below 50 point to contraction in the sector, which accounts for the bulk of U.S. economic activity.<br /><br />Federal Reserve Vice Chairman Donald Kohn in a speech in Wooster, Ohio, Friday said aggressive central bank policies had helped to stabilize some sectors of financial markets, but noted that "the economy is very weak and is likely to remain so for a while."<br /><br />"Many financial markets remain under considerable stress, asset prices have been reduced by the lack of liquidity in markets, and credit spreads and availability still reflect very high aversion to risk," Kohn said. "These conditions are not conducive to a substantial and sustained economic rebound, and the Federal Reserve will continue to be alert to ways that monetary policy can contribute to economic recovery. "<br /><br />Kohn noted that even after unprecedented Fed actions to cut interest rates, buy up mortgages and pump money into financial markets, it remains "much harder to get and far more expensive than it was in the summer of 2007."<br /><br />"Are the policies we have put in place sufficient to restart the flow of credit, or will the government need to do more? The answer, of course, is that we don't know — we have no reliable precedents for the current situation," Kohn said.<br /><br />Some economists say the jobs report suggests the hope may have been premature.<br />"There is nothing in this report that points to economic recovery," analysts from consulting firm RDQ Economics said in a note to clients.<br /><br />"This jobs report is going to scare the daylights out of the consumer, and if they don't spend, this recession may indeed last all year," says Christopher Rupkey, Bank of Tokyo-Mitsubishi chief financial economist.<br /><br />The unemployment rate rose across all ages, genders, races and education levels.<br /><br /><br />Teenagers continued to be particularly hard hit — the unemployment rate for those age 16 to 19 was 21.7% in March. The unemployment rate for African-American adult men last month was 15.4%, highest in nearly 25 years. The rate for single mothers was 10.8%.<br />Few sectors of the economy were spared. Some details:<br /><br /><br />• Construction firms cut 126,000 jobs in March, 21st consecutive month of declines.<br />• Manufacturers sliced 161,000 jobs, 16th consecutive month of cuts. About 17,500 jobs were cut at motor vehicles and parts factories.<br />• Retailers cut 47,800 jobs. Nearly 12,000 of those layoffs came at car dealerships.<br />• Trucking companies cut 14,900 jobs.<br />• About 25,300 workers in the finance and insurance industry lost their jobs.<br />• Another 11,700 real estate workers lost their jobs.<br />• Temporary help firms cut 71,700 workers. The industry is often seen as an early indicator of shifts in the job market as firms sometimes hire temp workers before committing to take on full-time staff.<br />• Hotels cut 22,600 employees.<br /><br />State and local governments, which until recently had been one of the few bright spots in the job market, also cut workers in March, eliminating 12,000 positions. The federal government added 7,000 jobs.<br /><br />Health care remained one of the few areas where jobs were added. Firms in that sector added 13,500 jobs in March at doctor's offices, nursing homes and for home health aids. Hospitals, however, cut 700 workers, first decline in nearly five years.<br /><br />Join me in a fight against the Recession!!<br />My personal cell phone 513-497-1271<br />jeff@chreffproperties.net<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-4506612996747260090?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-40831953530997466302009-03-31T08:26:00.000-07:002009-03-31T08:38:13.146-07:00Why people do what they do?I just have one question. Why do people do what they do? I do not understand why people do things then complain about what they did or are doing. I went to breakfast this morning and just listened to people talking (you should do that sometime) and I believe everyone in there complained about what they were going to do today! HM! If you are complaining about what you are going to do before you do it then I would have to say don't do it. For Example if you are complaining about going to work before you ever go I would say start doing something else so you could quit that job. I also heard several people talking about the Recession which is a big topic today but if everyone complains about it and does nothing about it thins will never get any better especially if they are waiting for Obama to do something about it. Life is to short to complain about everything you do I would suggest trying something new get up and say I am going to enjoy everything i do today and you will have a better day. No complaining!! Try it just for seven days yes one week and see if you dont have a better week.<br /><br />Remember You are blessed and are empowered to prosper!!!<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-4083195353099746630?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-37238539094392197902008-06-05T18:56:00.000-07:002008-06-11T14:39:59.755-07:00Attitudes are catching<a href="http://www.anrdoezrs.net/gg77qgpmgo3749978D3947A695" target="_blank" onmouseover="window.status='http://www.yardiac.com';return true;" onmouseout="window.status=' ';return true;"><br /><img src="http://www.lduhtrp.net/g5102vvzntrCGDIIGHMCIDGJFIE" alt="Yardiac.com The Ultimate Garden Center" border="0"/></a><br /><br />Have you ever noticed how majority attitudes turn everyone elses attitudes? For example if you have 15 people and 10 of them have a discouraging attitude (bad attitude towards everything) and 5 have an upbeat positive attitude the 5 positive attitudes eventually turn to the discouraging attitude. The reason for this is people tend to adopt the attitudes of the ones they spend time with (co workers, peers, family, ect) The pick up their beliefs and the way they deal with things.<br />This is true not only in our work friends but very true in our family/personel life. I try to teach my kids to have a good attitude but no matter how much I tell them it doesn't matter if I have a piss poor attitued. Its the same way with my Job if I have many employees that report to me and if I have a bad attitude they will all have bad attitudes (this is the one I have trouble with) what I am saying is no matter what we say or tell someone to do or how to act if we dont do what we say (we do the opposite) they will have the attitude they see us have.<br />I see this a lot in the work place when someone starts a new job they are excited wanting to do everything but we always stick them with that person in charge who has that bad attitude and within a week that new excited employee has a bad attitude and can tell you every proble the employer has.<br />If we can change are attitude then we can influence one or two people at a time eventually you will turn attitudes everywhere.<br /><br /><br />SEVEN P'S<br /><br />PRIOR<br />PROPER<br />PLANNING<br />PREVENTS<br />PISS<br />POOR<br />PREFORMANCE<br /><br />REMEMBER<br />IF YOU WANT TO BE THE BEST: YOU BETTER BE THE BEST!!!!<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-3723853909439219790?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-66350087467234555002008-05-24T04:24:00.000-07:002008-06-11T10:44:46.159-07:00How To Speak<table><tr><td><br /><a href="http://www.affbot3.com/link-b510145ab511145e500906070f0b155e505006500a0e594e055b4257570d5609555d0e06575559475f?plan=399" ><img src="http://www.affbot3.com/image-1144-15984.jpg" border="0"></a><img src="http://www.affbot8.com/impression-b510145ab511145e500906070f0b155e505006500a0e594e055b4257570d5609555d0e06575559475f.jpg" width="1" height="1"><br /></td><br /><td> </td><br /><td><br /><br />Words ARE powerful. Think about HOW you are speaking. Are you getting what you want? Why not? Think about it... and empower yourself!One day, there was a blind man sitting on the steps of a building with a hat by his feet and a sign that read: 'I am blind, please help.' A creative publicist was walking by and stopped to observe. He saw the blind man had only a few coins in his hat. He dropped in more coins, and without asking for permission, took the sign and rewrote it. He returned the sign to the blind man and left That afternoon the publicist returned to the blind man and noticed that his hat was full of bills and coins. The blind man recognized the publicist's footsteps and asked if it was he who had rewritten his sign and wanted to know what he had written on it. The publicist responded: 'Nothing that was not true. I just wrote the message a little differently.' He smiled and went on his way. The new sign read: 'Today is the first day of Spring “ and “I cannot see it.'Sometimes we need to change our strategy. If we always do what we've always done, we'll always get what we've always gotten.And remember too, sometimes it's not WHAT we say; it's HOW we say it!!!<br /><br /></td></tr></table><br /><br /><br /><a href="http://www.incredimail.com/index.asp?id=101218&rui=96548186" target="_blank" rel="nofollow"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-6635008746723455500?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-89363533400796426462008-04-05T16:41:00.000-07:002008-04-05T16:57:44.029-07:00"You're an idiot" says the educated college studentThe other day, a friend at work and I were talking about our college days, real estate, and he was telling me about a rental purchase that he recently made (his first one). He holds a very high position in the company, and is under immense pressure from the plant manager to get results at work, which results in him working a lot of hours, which greatly reduces the time he has to work on his rental property.<br /><br />Anyway, we were talking about that, and we started reminiscing about college. Talking about roomates and such, and we started talking about the rental units that we stayed in then. Mine was a one room (not bedroom, one room) efficiency apartment with a small bathroom and a small kitchen attached. He described his first two years of terrible roomates, and he ended up in a similar apartment to mine his last two years.<br /><br />He started telling me about his landlord - which he remembered as an uneducated (never went to college) idiot that was always giving him a hard time about noise, rent, and anything else. He talked about how he remembered that is one thing that really made him try harder in college - so he wouldn't end up like that guy.<br /><br />So we started thinking about that guy - the apartment complex that he lived in had around 100 units, and his rent (at that time) was $400 per month. That comes to a measly $40,000 per month gross income. Not bad.<br /><br />Then we started thinking about what we are doing now. Both of us are working in a factory, leading large departments, with expectations put on us so large that there is no way we can meet them, and when we inevidibly don't meet them, have to write a report about why. <br /><br />However, while us 'smart' college kids are fighting in corporate america for <strong>$70,000 per year</strong>, this landlord is probably still living in the same place, probably still collecting his rent of <strong>$40,000 per month,</strong> with very little stress.<br /><br /><em>Boy is that guy stupid or what.</em><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-8936353340079642646?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com1tag:blogger.com,1999:blog-6468398934740255679.post-89257867615888675532008-04-05T16:39:00.000-07:002008-04-05T16:41:28.724-07:00I always admit when I'm wrongSo this week my cousin Chris (my business partner) done something I thought was the dumbest thing in the world. Man was I wrong.<br /><br />As you all know we are in the real estate business. We do several different things we have rental properties commercial properties we renovate properties and sell them. This week however Chris bought a trailer yes a trailer in a trailer park. When he called me he said "Jeff, we have another property" of course I said thats great and I asked where at and whats it like. Then came its a trailer I believe my exact words were "what the hell were you thinking".<br /><br />I was a little upset after all he is the CEO of our company he should be the smart one. In this case he was.Chris bought this trailer for $6,000 we are getting $1,500 down and $300 a month for this. In 15 months we will have put the 6 grand back in the bank and be making $300 a month on one rental. I changed my views real quick now I want to buy the whole park.<br /><br />The point of this is to say I was wrong and I guess there is a reason he is CEO because I would have never made that move. I also want to add that you need to have an opened mind when it comes to real estate. There are several ways to make money in real estate dont just get focused on one or two. Grasp the BIG picture.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-8925786761588867553?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-55471284025030979172008-04-05T16:36:00.000-07:002008-04-05T16:39:31.718-07:00Go after what you wantThere are things in life that we have wanted and we did not do everything we could to achieve or get the result we wanted. I have always been a person who said whatever happens happens this is a terrible way to look at things especially if it is something you really want. A couple of years ago I started changing my views on this and I wish I would have never had those views.<br /><br />Recently something that I wanted that I did not give my full heart into came around to allow me a second chance. I am not going into any details of this for now look for it in the future. Needless to say I am going to be giving everything I have to get the results that I want. If I dont get the results that I am hoping for at least I will know that I gave it everything that I could.<br /><br />I want you to know that my views may differ from some but if you want it go get it because you never know if you will get a 2nd chance. We all can apply this to anything from a promotion at work, a new car, relationships or starting your own million dollar company. It is up to you to give it your all but remember in a couple of years when you look to where you are and said I should have tried harder there will be no one to blame but yourself so you might as well give it all and take the chances now. Trust me you will feel better knowing you tried your best.<br /><br />Look for more details to this 2nd chance later on.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-5547128402503097917?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-49147404856934383052008-04-05T16:30:00.000-07:002008-04-05T16:36:44.123-07:00"What is job security?" OR "Two words that will change your life"I recently received a promotion at work. Well, sort of.<br /><br />My boss, the Quality Manager, was moved to a different job, and after a discussion with the plant manager, "we" decided that I, the Quality Engineer, would be evaluated on an interim basis as the Quality Manager.<br /><br />First of all, I do a lot of the job already, and the Quality Manager and I are very busy at work getting everything done. So now I've been promoted, on an "interim" basis so they can evaluate my performance doing the same job that I've done for the past four years.<br /><br />So my reward for all the work that I've put into the company is that I'm now doing the manager's job and the engineers job, with no monetary benfits (raise). Somehow, I'm thinking that I'm getting shafted in this deal. BUT, the company is doing what's best for it, as usual.<br /><br />Secondly, as I've made perfectly aware on this blog, I do have goals, big goals, and they don't include being Quality Manager in a factory, or anything close to that. To get rich, to get financially independant, you need to work for yourself, and you need to build wealth. This is very important, wealth building is what everyone should focus their lives on, from buying your first house, to buying your first rental house, to buying your tenth rental house, to buying your first restaurant chain. This is the only rational way to spend your time. As Steve Pavalona says, "the worst part about having a job is that you spend all of your time working, so you don't have any time to make money."<br /><br />This is what brings me to the purpose of this blog. Let's assume that I wanted this Quality Manager position, and I've been working for it all my life, and now the opportunity has opened up, and I'm overjoyed and elated that I finally have achieved my life's goal and have worked my way into middle-management. Heck, let's even assume I got a raise for all of my extra efforts. Life's looking pretty good, right?<br /><br />Here's the problem with this scenario. During my talk with the plant manager, when he offered me the 'interim' Quality Manager position, we talked about several issues, but one in paticular that I want to share. He said that I have to make sure that I get people to react when I need them to. I mentioned to him that I won't yell and scream and cuss and throw things (a direct reference to my previous boss), but I am very effective at recruiting people's help and I can be very persuasive. His response was very polarizing to the situation, and to what's wrong with the entire corporate America scene.<br /><br />He said that he doesn't yell or scream to get his point across either. He said that he doesn't need to - he knows that he has the power to ruin anybody's lives in the plant with two words. Therefore, he went on to say, he's reasonable with everyone, because he has that power.<br /><br />The worst part about what he said is that he's right. Some guy could get out of bed that day, kiss his wife and kids good-bye, come to work to support them, thinking that everything's good, and this guy could ruin his life with his two words.<br /><br />At first, I wanted to react. I wanted to tell him that he's right - he could ruin anyone's life in the plant - except mine. I have given advice to some of my friends at work, but as of yet, I am the only one that has taken the time to invest in appreciating assets, and assets that provide me with residual income. I wanted to tell him that those two words would really boost my lifestyle, and give me more time to do what I really enjoy doing, and do something that will make a lot more money than this place will ever give me. More importantly, it will give me financial independance. But, I didn't say anything. I sat there, thinking of what I should say. Condeming myself to trade my time for money, for now anyway. Biding my time - it will come, soon, when I am going to walk out of this corporate America concept, and actually start using my brains.<br /><br />-Chris Kuhlman, President, Chreff Properties<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-4914740485693438305?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-34756585880772286522008-04-05T16:28:00.000-07:002008-04-05T16:30:31.552-07:00Stay FocusedYou know there are times when things don’t go the way you want them to.<br /><br />This week has been one for our business. Let me fill you in on a few things that happened to us.We have a property that is a two story building on the second floor we have nothing in it. On the first floor we have a restaurant that we have leased out. So you can imagine the shock that I got when I got a call at 8:30 at night telling me that the ceiling was leaking in the restaurant.<br /><br />First of all we have an antique ceiling in there the tin tiles are about 300 dollars a piece to replace if they get damaged. When I got to the property I went up stairs again imagine my surprise when some of the ceiling was down and water was pouring in. Not a good thing at 8:30 when everything is closed and we are expecting a couple of inches of rain.<br /><br />But that’s not all.<br /><br />We then have a rental property that we had just rented actually sold on lease option. Anyways we get a call that one of the rooms is completely flooded (GREAT NIGHT). This was not a good night for us actually not a good week we have had some issues with appraisers and several other things that have came up this week.<br /><br />On top of that my business partner who happens to be the CEO of our company is going to be out for a while because of knew surgery.<br /><br />A lot of things have happened this week that many people would give up on. I can guarantee WE WONT.My point to all of this is everyone goes thru things that you can either say HELL with it I quit, or you can say DAMN I am going to go thru this and prosper. I am not going to let anything get me down.When something does not go your way and you have some roadblocks and obstacles stay focused on the finish line and get there.<br /><br />I promise you if you stay focused on what you want to achieve; you can achieve it.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-3475658588077228652?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-58517587303585188122008-04-05T16:23:00.000-07:002008-04-05T16:28:37.073-07:00THIS IS GREAT!!!<br /><br />Winner’s Blueprint for Achievement BELIEVE while others are doubting.<br /><br />PLAN while others are playing.<br /><br />STUDY while others are sleeping.<br /><br />DECIDE while others are delaying.<br /><br />PREPARE while others are daydreaming.<br /><br />BEGIN while others are procrastinating.<br /><br />WORK while others are wishing.SAVE while others are wasting.<br /><br />LISTEN while others are talking.<br /><br />SMILE while others are frowning.<br /><br />COMMEND while others are criticizing.<br /><br />PERSIST while others are quitting.<br /><br />William Arthur Ward<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-5851758730358518812?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-68928127187638089782008-03-19T14:34:00.000-07:002008-03-19T14:36:12.845-07:00Real Eastate InvestingInvest in Real Estate<a class="author" href="http://www.successmagazine.com/expert?authorId=76">Brian Tracy</a> February 1, 2008 Categories: <a href="http://www.successmagazine.com/wealth">Wealth</a> /<a href="http://www.successmagazine.com/investing">Investing</a>, <a href="http://www.successmagazine.com/wealth">Wealth</a><br />One road to wealth is the acquisition and development of real estate. What must you know and do to succeed as a real estate investor? To be a successful investor, you need to observe five basic principles:<br />Write specific goals with time lines. Set goals for the amount of money you plan to save and invest in real estate, and for the amount of real estate you intend to purchase in the next five years.<br />Create a detailed plan of action. List everything you will do, organized by time and priority. The combination of goals plus detailed plans will give you a blueprint that you can follow daily.<br />Learn the basics of the real estate business. The rewards tend to go to those who do their homework and pay their dues. Learn the basics before you begin investing your time and savings in real estate acquisition.<br />Back your plans with hard work, sacrifice and persistence. Going into real estate is much like starting a business. You have to learn things that you can only learn by experience. There will be ups and downs, successes and reverses, and you must persist.<br />Resolve to get into real estate for the long term (a minimum of 10 years). Real estate investment is something you step into carefully being prepared to hold onto it for a long time. Many people buy real estate, hold it for a while, and then sell it before it starts to rise rapidly in value. When they hear about other people making quick or easy money, they sell what might be excellent property and put their money into something that may not be as good. Often, one or two years later, the piece of real estate that they sold increases in value by three or five times. This is especially true with raw land.<br />For me, real estate is nothing more and nothing less than its future earning power, its value at some future date. The value of any piece of real estate is determined by the income that can be generated by that property when it is developed to its highest and best use, from today onward into the future.<br />When considering any real estate investment, ask: “When and how will income or wealth be generated on or by this piece of property, and in what amounts?” The answers tell you how much the property is worth today and how much it is likely to be worth in the future.<br />Start-Up Strategy<br />The simplest way to start is to buy homes that need work and fixing them up, thereby increasing their value. Here are the six steps that you must follow to use this strategy successfully:<br />Do your market research thoroughly. Look at houses until you find one that is underpriced relative to the neighborhood, because it needs work.<br />Purchase the house at the lowest possible cash down-payment , and get the seller to carry back a second mortgage or trust deed for the property. If you can get a low enough price and generous terms you can make almost any property into a successful investment.<br />Move into the house and begin working on it on the weekends to renovate and refurbish it, doing most of the work yourself.<br />When you have fixed up the house and yard so that it is attractive again, you then have three options: 1) sell the house for more than you paid, take the profit from the sale and buy another house to renovate; 2) rent out the house at a rate that covers your mortgage payment and perhaps gives you extra cash flow; or 3) rent out the renovated house and then go to the bank and refinance the house, often for as much as you paid for it, based on the higher earning power of the property when rented out to a tenant.<br />Repeat this process with another house, again investing your sweat equity, or your human capital in the work and renovation until you have fixed it up and you are ready to sell, rent or refinance the second house as well.<br />Move up to buying and fixing duplexes, triplexes, fourplexes, and apartment buildings. You can do this while you keep your full-time job, continuing to generate cash flow from your job for repairs and renovation; and you can start small, with little or no money, little or no risk, and expand your activities as you gain more knowledge and experience.<br />Eyes for Opportunity<br />If you do your homework and take your time, you can make prudent and profitable real estate purchases and sales. You make your money when you buy real estate, not when you sell.<br />You make your profit in real estate by buying right—by buying the right property at the right place and terms. When you sell, you simply realize the profit that you made at the time of the purchase. Don’t become emotional about a property that you are purchasing for investment. Always look at the property from the viewpoint of a critical purchaser.<br />Evaluate each opportunity carefully by asking: 1) how much is it going to cost you, in comparison with other properties of equal attractiveness which are for sale in the same area? 2) “How much do you get back?” What will be the net return on your investment, after deducting every conceivable expense? 3) “When will you begin to get a return on your money?” 4) “How certain is it that your return on a real estate investment will materialize?’ 5) “What else can you do with the same amount of money?” Where else can you invest the same amount of money to get a greater return?<br />Follow these rules if you are planning to become a real estate investor. Excellence in Action: Start making investments in real estate or review your current strategy using these guidelines. Article courtesy of Leadership Excellence.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-6892812718763808978?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com1tag:blogger.com,1999:blog-6468398934740255679.post-16474574378911961882008-03-19T14:29:00.001-07:002008-03-19T14:32:35.560-07:00Preparing for the unknown future!!!!<strong><span style="font-size:180%;">THIS IS SO TRUE IF YOU ARE NOT DOING THIS YOU NEED TO BE STARTING NOW!!!!!!!</span></strong><br /><br /><br />Multiple Streams of Income<a class="author" href="http://www.successmagazine.com/expert?authorId=50">Mark Victor Hansen</a> February 1, 2008 Categories: <a href="http://www.successmagazine.com/wealth">Wealth</a>, <a href="http://www.successmagazine.com/wealth">Wealth</a> /<a href="http://www.successmagazine.com/money_making_ideas">Money Making Ideas</a><br />Most people rely on their job for all of their financial income. Big mistake. There will always be the chance of layoffs or bankruptcy. Management can change, and companies can downsize. The stress of the unknown can be unbearable.<br />You don’t have to live like this. You can create an inflow of money so you never have to worry about losing your job. It doesn’t even take a job change. It just takes shifting your thinking and opening your eyes! You don’t have to rely on that one job for all of your financial wants and needs. You can create a new way of living through multiple streams of income.<br />Multiple streams of income is not about getting more than one job. That would only wear you out and lower your quality of life. Multiple streams of income is all about partnering with others and making money through their efforts.<br />Suppose you are a lake. You have one stream of income, so you don’t have much to fill you up financially. Your water line is looking low since you have to rely on that one stream to replenish you every few weeks. But if you have multiple streams coming in all the time, your banks would be overflowing. If one stream is just trickling, the others will pick up the slack. There will never be a lack of income.<br />Multiple streams of income are easy to find. In fact, they’re all around you. Just pay attention to your daily life and who and what comes into it.<br />Take one of my income streams, for example. Years ago, my friend Jack Canfield and I were talking about creating a book filled with inspirational stories to touch the hearts of people. We collected the stories, put the book together, and came up with a great title, Chicken Soup for the Soul. The rest is mega-bestseller history. But these books are not my only source of income. I want you to create multiple income sources.<br />There are so many possibilities to create wealth. Take out a notebook and list possible streams of income you can create for yourself.<br />Do you have friends or colleagues who offer services? Would they offer finder’s fees to you for bringing them potential clients? Can you conceptualize new ways to make already existing products or services better? Do you want to create a consulting business that allows you to work from home and set your own hours?<br />Remember, life is too short to work hard for something you don’t want.Excellence in Action: Make a list of possible streams of income. <br /><br /><br /><a class="snap_noshots" onmouseover="return addthis_onmouseover(this, event, 'http%3A%2F%2Fwww.successmagazine.com%2Farticle%3FarticleId%3D38%26taxonomyId%3D15', 'SUCCESS%20%E2%80%94%20What%20Achievers%20Read.%20On%20Newsstands%20Now!', 'success')" onclick="return addthis_to()" onmouseout="addthis_onmouseout()" href="http://www.addthis.com/bookmark.php?v=12&winname=addthis&pub=success&s=&url=http%3A%2F%2Fwww.successmagazine.com%2Farticle%3FarticleId%3D38%26taxonomyId%3D15&title=SUCCESS%20%E2%80%94%20What%20Achievers%20Read.%20On%20Newsstands%20Now!"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-1647457437891196188?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-48620425022975357332008-03-19T13:40:00.000-07:002008-03-19T13:49:44.015-07:00Fix the problem dont dwell on the liabilityTurning Liabilities Into Assets<a class="author" href="http://www.successmagazine.com/expert?authorId=82">Zig Ziglar</a> February 1, 2008 Categories: <a href="http://www.successmagazine.com/business">Business</a>, <a href="http://www.successmagazine.com/business">Business</a> /<a href="http://www.successmagazine.com/leadership">Leadership</a><br />A group of villagers in the Orient decided that a towering hill with a bamboo thicket on top had to be leveled so the ground could be used for farming purposes. That same hill in the United States would have required the aid of giant earthmoving equipment to level the ground, but the Oriental mind didn’t see things quite that way.Thousands of people who lived in the immediate area got together and started removing the hill basket by basket of dirt. They handed down the baskets from top to bottom, and in some cases the lines were 2 miles long. For many days it seemed as though nothing was happening; the hill was not disappearing. But over time, due to incredible teamwork and the commitment of thousands of people, the hill was leveled to a beautiful, flat farming area.By their example, the Orientals demonstrated that when we are confronted with seemingly impossible tasks, if we break them down into small segments—or one basket at a time—we can literally accomplish the impossible and move mountains. The villagers took a liability and turned it into an asset. Think about it.<br />Examine your liabilities—maybe you can convert them to assets, even if it’s just a basket at a time.<br /><br />This is so true! We have a couple of properties that we always considered liabilities to our buiness however when we sat down and looked at what options we had with them we made a couple of decisions, which cost a little money, however created great reward these properties are now going to generate a great deal of cash flow for us.<br /><br />Always look at how you can fix the problem (liability) then do what it takes to fix it. Complaining about the problem will never fix it. Action is what will fix it.<br /><br /><br /><a class="snap_noshots" onmouseover="return addthis_onmouseover(this, event, 'http%3A%2F%2Fwww.successmagazine.com%2Farticle%3FarticleId%3D38%26taxonomyId%3D15', 'SUCCESS%20%E2%80%94%20What%20Achievers%20Read.%20On%20Newsstands%20Now!', 'success')" onclick="return addthis_to()" onmouseout="addthis_onmouseout()" href="http://www.addthis.com/bookmark.php?v=12&winname=addthis&pub=success&s=&url=http%3A%2F%2Fwww.successmagazine.com%2Farticle%3FarticleId%3D38%26taxonomyId%3D15&title=SUCCESS%20%E2%80%94%20What%20Achievers%20Read.%20On%20Newsstands%20Now!"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-4862042502297535733?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-25702780446016313862008-03-19T13:37:00.000-07:002008-03-19T13:39:24.070-07:00success<a href="http://www.wisdomquotes.com/001279.html">Abraham Lincoln</a>:<br />Always bear in mind that your own resolution to succeed is more important than any other one thing.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-2570278044601631386?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-68400937415346343832008-03-03T18:15:00.000-08:002008-03-03T18:17:30.161-08:00Random Motivational thoughtsWhen you want something bad enough feel the intensity of it. Let it fuel all your thoughts and actions and let it influence you in everything and let nothing get in the way of getting what you want. (WHAT YOU DESERVE)<br /><br />HAPPINESS IS LIKING WHAT YOU GET!<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-6840093741534634383?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-17917349563803425132008-03-03T18:11:00.000-08:002008-03-03T18:15:17.288-08:00Winner’s Blueprint for AchievementBELIEVE while others are doubting.<br />PLAN while others are playing.<br />STUDY while others are sleeping.<br />DECIDE while others are delaying.<br />PREPARE while others are daydreaming.<br />BEGIN while others are procrastinating.<br />WORK while others are wishing.<br />SAVE while others are wasting.<br />LISTEN while others are talking.<br />SMILE while others are frowning.<br />COMMEND while others are criticizing.<br />PERSIST while others are quitting.<br /><br />William Arthur Ward<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-1791734956380342513?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0tag:blogger.com,1999:blog-6468398934740255679.post-51899261099594822382008-02-28T16:14:00.000-08:002008-02-28T16:15:04.773-08:00This is the official beginning.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6468398934740255679-5189926109959482238?l=www.chreffproperties.com'/></div>Jeff Lighthttp://www.blogger.com/profile/13539945201318936296noreply@blogger.com0