52 Transactions in 2011

OK, I know that it has been way too long since I posted. I've just been waiting for something significant to blog about. So here it is...

I have set a personal goal to be a principal in 52 transactions during 2011. That's an average of 1 per week either buying, selling, refinancing, or controlling (i.e. with a master lease) a property.

Each time I complete a transaction I'll post details so you can follow along. Anyone care to join me? My partners and I are looking for:

• Really inexpensive properties to buy with cash
• Capital to borrow for a 1st or 2nd mortgage
• Properties to manage through a master lease
• Properties to pay full price with terms that work for us
• More people to network with to create win-win deals
• We work with residential from SFH to 40 units and with small commercial

Contact me if you want to be part of 1 (or more) of my 52 transactions this year!

NUREIA- New Real Estate Networking Club in Northern Utah

I've written before about how important education and networking are for most people to become successful real estate investors. A few of my business associates and I decided that we wanted to be proactive in meeting more investors. We know that the more people we meet with on a regular basis the more business we do.

NUREIA- Northern Utah Real Estate Investors Alliance

We are focused on real estate in Davis, Weber, and Box Elder counties. We also have attendees from Cache County. This is an alliance- we are allied in mutual success, in teaching each other, and in doing transparent, honest business deals with each out.

Meetings

We meet formally once a month at the Ogden Golf and Country Club at 6:30 PM for networking, education, food & drink, and fun. Our meeting schedule is as follows:

6:30 Doors Open- Networking, Food & Drink

7:00 Formal Meeting

- Introductions

- Successful Deal of the Month

- Educational Materials Raffle

- Education Topic 1- 15 Minutes

- Education Topic 2- 30 Minutes

8:00 Networking, Food & Drink

The meeting is short, informative and fun. The networking is with people who are brand new to full-time experts. Most important is that people are doing business.

Join us. $10 at the door to help cover costs. Call me at 801.510.3566 if you have questions.

Scam Targeting Utah Real Estate Agents!

Here is a new fraud: targeting real estate agent in Utah! Read the details below and call the Utah department of real estate if you think you have been a victim or have more questions.

I was not able to confirm this link on the website, but it came from a reliable source. Even if this is not a real scam, it is a good reminder to NEVER give out information over the phone from a source that cannot be verified.

***ALERT***

The real estate industry has long been an advocate of property rights and protecting the public from real estate-related scams. Recently, it has been mortgage fraud, short sale scams, foreclosure rescue scams, loan modification scams, etc. Now, real estate and mortgage licensees have become the target of a scam.

It goes like this. An individual, claiming to be a representative of the Division of Real Estate, is calling licensees and telling them that they have failed to respond to a notice sent out by the Division informing them that they are required to submit updated fingerprints. The individual warns that, due to this failure to respond, the licensee's license is going to be suspended. The individual then claims that this is a courtesy call from the Division, that the licensee may pay a small fee to avoid having his or her license suspended, and that the fee can be paid over the phone by credit card.

THIS IS A SCAM.

The Division will never contact any licensee and ask for a credit card number over the phone. The only licensees who are being required to submit updated fingerprints at this time are mortgage originators who are establishing their records in the nationwide mortgage licensing system (NMLS). All required payments for this fingerprinting are handled through the NMLS website, NOT over the telephone.

If you receive a call similar to the one described above, do not give out your personal information. Do not give out a credit card number. Try to get information that will identify the caller, and report it to the police and to the Division of Real Estate.