Warren Buffet closes a newspaper he bought

Rich Dad, Poor Dad by Robert Kiyosaki

Robert Kiyosaki Predicts US Dollar Collapse

Rich Dad, Bankrupt Dad

Learn from the FAIL

Affluence in the United States

How to become Wealthy

21 Ways Rich People Think Differently

Overlords 2012

Corporate Plan

Corporations have developed a plan which will begin what they believe will be the solution to get this nation back on track.  The bitter pill will be felt by everyone, for the Rich; some of their Wealth, the Middle-class; alot of their Time and for the Poor; nothing changes, it sucks to be Poor.  Be prepared, you have been warned.

Job losses at the Field Museum in Chicago

Business Pessimism grows post-election

Citigroup to cut 11,000 Jobs

Companies begin to get ready for the upcoming storm.  Is your business ready?

No place to hide

How to be wealthy

The Upper Class

The upper class values include higher education, and the wealthiest people have an accumulation and maintenance of wealth, the maintenance of social networks and the power that accompanies such networks.  Children of the upper class are typically schooled  on how to manage this power and this privileged in different forms. Wealth continues to transfer and grow between generations.


The Middle Class

The middle class places a greater emphasis on income.  The middle class views wealth as something for emergencies and it is seen as a safety cushion.  This class comprises of people who were raised with families that typically owned their homes, planned ahead and stressed the importance of education and achievement. They earn a significant amount of income but also have a significant amount of consumption.  However there is limited savings (deferred compensation) or investments, besides retirement pensions and home ownership.


The Lower Class

Those with the least amount of wealth are the poor.  Wealth accumulation for this class is to some extent prohibited.  People that receive Welfare cannot  own more then a trivial amount of assets, in order to be eligible and remain qualified for minor income transfers.  A underlying negative factor of the poor is that the institutions that are formed to help them, also keep them dependent by discouraging them from accumulating wealth.

The one percent

This essay is done by Progressives about who hold the reigns of wealth in this nation and the rest of the world.  The Progressives tend to focus on policies of envy but it is an overall great article to understand who really controls the world.  Wealth is also a matter of perspective.  A person on a lower rung of the financial ladder in the UNited States would be very high up on the rungs in less developed country.

Chicago housing market recovering slowly, unevenly

Top 10 Mexican restaurants in the Phoenix area

Resolution Copper laying off 400 of it's 500 workers

Obama Administration punishing another business.  Unfortunately, this one is in Arizona.

Tablets in business

How to make Wealth

This is a very well written essay about wealth.

Profitable Exit Plan

3 Ways to Get Bit by a Shark Named Daymond John

Upcoming Recession?

Too Late!!!  It already started in August. Act accordingly when making your preparations.

50 with no retirement savings?

Millionaire Management

LivingSocial to lay off 400 workers

The Best and Worst Run States in America

Glendale City Council votes to approve Phoenix Coyotes deal

This is great news for the local economy!

Chinese buying up US Real Estate

Dog Houses for Parents

Shipping Containers become homes in Detroit

How to make a beautiful home work for wheelchairs

How to Properly Write Off Bad Business Debt

Document Everything in a Small Business

Bureaucracy loves paperwork.  Keep them up to date and work at your systems.

A Union Contract Hit

This is a very good explanation of how the Progressives destroyed an 85 year old company.  Well played.  What is happening in Europe will be here soon.

5 Smart Ways to Avoid Cash Crisis

Tales of Chicagostan

Housing available in Spain

Spain is beginning to take foreign investors in their housing market.  Will this be a good investment opportunity?  It depends on how the tax situation continues in that country and how their current austerity measures continue.  It is expected to be bought up by Russian and Chinese investors.

Why not bring taxes back up to 91%

We are a Socialist country now.  Why not?

Pay 50% Taxes in 2013

Farmers and Death Tax

Stryker lays off 1,170 jobs

ObamaCare victims.

Hostess lays off 18,500 workers and closes down

The Power of Unions.  More to come as Obama continues to sink our nation.

Lot next to the Obama Estates are available for sale

With Obamacare now a reality, employers choose strategies

Papa says less hours due to ObamaCare

How Agents and Property Managers Can Make Use of Tablets

Make it easy for smartphone and tablet users to rent from you

REITs vs. Residential Real Estate

Android Devices May Harbor Digital Desperadoes, Survey Finds

Risks in tablet used for business.

New Business Practices in the Information Age

Mr. Murray's Outline of America's Future

Mr. Murray's Outline of America's Future:

What I foresee in America, by Robert E. Murray:

- Drastically reduced economic activity

- Reduced electric power consumption

- Even more drastically reduced coal markets with even worse coal pricing

- Total destruction of the coal industry by 2030

- Enactment of 12 regulations pending from the Obama Administration from the U.S. EPA alone

- Per Sen. James Inhofe, three (3) regulations - greenhouse gas, utility MACT and coal ash - will cost America $600 billion alone

- Likely a carbon tax will be forced to subsidize the government and "receivers" (Obama supporters) in the total destruction of the coal industry, again, the latter as early as 2030

- All coal companies are performing drastically worse than their CEOs and Boards want to report, and this is understandable with their concerns for their stock prices and refinancing

- Most public companies will not be able to continue to emphasize any positive that they have, while avoiding the negatives in their statements and opinions

- The markets will soon take this ability away from these public CEOs and Directors

- Of course, private companies will abandon this business

- We must prepare for this today, and we cannot bleed cash waiting for our competitors to be eliminated

- We must totally go into a survival mode and generate all the cash that we can from whatever we still have left that can help us

- We must tear down all structures in Murray Energy and reassemble them

- While putting Murray Energy into a survival mode, I will be fighting allegations from radical Obama supporters that you know are blatantly false and were inspired only to shut down our opposition to them on behalf of our employees, your area, and our country

- We must be passionate and austere in all that we do.

Murray Energy Corp.

Robert E. Murray

Chairman, President and Chief Executive Officer

Robert E. Murray's Prayer

Mr. Robert E. Murray's Prayer, as shared with his workers:

Dear Lord:

The American people have made their choice. They have decided that America must change its course, away from the principals of our Founders. And, away from the idea of individual freedom and individual responsibility. Away from capitalism, economic responsibility, and personal acceptance.

We are a Country in favor of redistribution, national weakness and reduced standard of living and lower and lower levels of personal freedom.

My regret, Lord, is that our young people, including those in my own family, never will know what America was like or might have been. They will pay the price in their reduced standard of living and, most especially, reduced freedom.

The takers outvoted the producers. In response to this, I have turned to my Bible and in II Peter, Chapter 1, verses 4-9 it says, "To faith we are to add goodness; to goodness, knowledge; to knowledge, self control; to self control, perseverance; to perseverance, godliness; to godliness, kindness; to brotherly kindness, love."

Lord, please forgive me and anyone with me in Murray Energy Corp. for the decisions that we are now forced to make to preserve the very existence of any of the enterprises that you have helped us build. We ask for your guidance in this drastic time with the drastic decisions that will be made to have any hope of our survival as an American business enterprise.

Amen.

Utah company blames Pres. Obama for 102 workers laid off

This situation will worsen as the EPA gains more power.  Obama will continue to take our money and git it to failed alternative energy ventures in his fascist takeover of the economy.

This is what happens when you break God's Tenth Commandment

Investing in Rental Property

Real Estate Advisor: October 2012 Investing in Rental Property: Five Steps for Success Have you ever considered purchasing a rental property? Rental properties can be great investments, done right. In addition to realizing gains from property value appreciation, rental income can provide a monthly cash flow. Once the mortgage is paid off, much of your rental income will be profit, allowing you to work or to enjoy retirement. Unlike your home, this investment isn't something that you will be personally using day-to-day, so the benefits of ownership differ. Rental property is a tangible asset you can visit, use, and personally impact the worth of your investment. With sound judgment, and by following some basic steps, you can own property and realize gains; both short and long term. Purchase with a Plan Investing in real estate differs depending on the type and location of the property you are buying. Will you want to use the property part of the year? Vacation rentals are enticing on many levels, though considering how you will use them during less desirable periods may affect your potential rental income. Purchasing a residence has different implications than a property that will be rented commercially. Some investors buy properties with multiple units so they can have rental income from one or more units while fixing up and/or living in remaining units. Properties with multiple units have more to consider and maintain than properties that will be rented by a single person or entity. Knowing the type of landlord you intend to be will provide some focus as you consider properties. It will also provide valuable knowledge for your realtor helping with your search. Being pre-approved for an investment loan and ensuring that your own finances are in order is not only wise, but will make it clear if you have enough capital to proceed. When taking on another mortgage, remember - you will want to have a healthy reserve fund in the event that the property produces less income than expected. Before you look at properties, sit down with a mortgage broker or lender to see how you qualify for a loan. Research the local rental market so you know what you can realistically expect to charge and better understand the potential cash-flow of potential rental property. Understand Your Investment It is important to understand the condition of the building and surrounding property you intend to buy. Unless you are particularly knowledgeable about construction, always make offers for purchase contingent upon professional inspections. Knowing the exact condition of the roof and foundation, plumbing and electrical, floors, appliances and other aspects of the property provides a much better sense of what you will need to repair, maintain, or upgrade for your tenants. In turn, this allows you to better understand the "bottom line" of your investment. After all, you are not likely to be present on a day-to-day basis to take note of any issues that arise. As the owner you have a vested interest in ensuring that the investment stays in good condition. You should have a budget for repairs and maintenance, and ensure that the purchase price enables you to make any necessary upgrades you might need to make prior to renting it to a tenant. Additionally, you will want to know about locale, including parking and security issues and the zoning regulations that govern the property, including any multiple occupancy limitations and any restrictions on specific business activities. Your understanding of specific property, how it might be used, and the limitations you face when renting it out make you a better investor. Evaluate Your Options As you look at properties, consider your options - you have many. From location and style of building to type of rental and the number of units, each decision you consider will open new doors. Is this a long or a short-term investment? If the property is one that you think you will hold for a while, do you have a sense of what the future holds and how the neighborhood is changing? Buying properties in good locations is one of the best ways to ensure the steady flow of rental income. And remember: properties don't always have to stay the same. Consider things you could conceivably do to the property that might affect your income or investment. For example, can you add on to the home easily? Can you build a garage or change parking? Is it possible to convert a garage to an extra room? Are there regulations regarding subdividing or renovating the home? Can you add a bathroom? Some communities limit the number of rental properties, while others have height or size limitations when building. If something you desire is not an option, know that going in. Even if you are not planning to change the property in any way in the beginning, understanding what you can and cannot do is a good idea. Get Insurance and Assurance Legal documents, including rental agreements between you and your tenants, and service agreements between you and concerned parties are essential. And don't forget more mundane issues that can arise when renting out a property: If a community has fees for water, sewer, community clubs or other amenities, clarify responsibilities -- will these be the responsibility of the owner or renter? Getting the right information out of the gate and spelling it out for your tenants will aid you in the end. These agreements will give you peace of mind and provide legal recourse should you need it. A real estate lawyer is an invaluable asset when you purchase a rental property. Not only can a real estate lawyer look over your purchase and rental agreements, they can advise you in other aspects of your investment, including interpreting local regulations. Your realtor will undoubtedly be another great asset, as they are full of more general information regarding local issues and market trends and can likely provide referrals to local property management services should you be interested. The more resources you have on your side, the more assurance you will have that your investment will run smoothly. Proper insurance includes insurance on the structure itself as well as liability insurance, in case someone is injured while on the premises. In some locations additional flood, earthquake, and storm related coverage is a further way to protect your investment. Since you are responsible for the mortgage, you will want to have the right types of insurance with sufficient coverage to protect your investment. Remember: You're In Business Buying a rental property is essentially going into business. When the monthly income from tenants exceeds the amount you pay in mortgage, maintenance, taxes and other fees, you realize a positive cash flow in the short-term. Additionally, if all goes well, you will also realize a profit when selling the property. Doing your research as you look at properties and make your choices enables you to be as prepared as you can be for the ups and downs that you will face in managing your business. In fact, what you learn can make you much more successful in the end. Like all businesses where significant money will be changing hands, an accountant who is versed in real estate investing and tax implications will be valuable. You will be collecting rents and incurring expenses for repairs and services. Tax issues become more complex, and a professional will aid you in maximizing your returns on your purchase. Service providers like this can pay for themselves in the money that they save you. Once you know the bottom line with regard to your investment, you will be better equipped to determine a budget for projects related to the property. Whether this is your first rental property, or you are a seasoned veteran of this sort of investment, your realtor is among your business contacts. Having a straightforward relationship where you present your needs and expectations up front enables you to get the help you need in making that critical step of executing the purchase. Additionally, realtors often have a wealth of knowledge and resources that they are willing share from handymen to potential tenants. Success in business is not accomplished alone - developing a team of professionals from purchase through ultimate sale of the property is one key to achieving your goals. Follow these steps as you go into your new venture and you will start strong. The rest is up to you! Back To Top

Why do We Tax Social Security Benefits?

Taxing income that was taxed before...

And the Small Business Vote Goes to...

A Birthday Dinner Turned Business Plan

What to Expect

Where to put your money now that Obama has won

Going further into the Information Age

Obama, ObamaCare waging war on Small Business

Perils of Home Rental Business

This story is like it could be a movie.

Chicago-area home sales rise 24%

Government Regulations continue to hurt business

Property Flipping in Chicago

Chicago home price fluctuations

"You didn't build that"

Garage Inventor Goes Solar

Romney and the Housing Industry

Being a Christian Business Owner in todays America

"Pray to get guidance."

Higher Mortgage fees for five states

Illinois, Florida, Connecticut, New Jersey and New York.

House sales improve in Chicago

Extreme Landlord-Tenant Dispute

Zillow sues Trulia

Kindle HD V's iPad

Holding Companies

Anonymous takes down Godaddy.com

That in turn took down thousands of other websites that use it, like mine. The Gregorio Management Group LLC website will be down until these issues get resolved. Too funny!!!

www.gregoriomanagementgroup.com will be down for a bit.

Lesser Associates LLC

A Property Management Company in Arizona.

Home Lovers

An Arizona Property Management Company.

Arizona Requirements for Rental Properties that you own

This is what is required if you've formed an LLC or company that is renting properties for self or just holding properties.

http://www.trulia.com/voices/Home_Buying/Do_I_need_a_real_estate_license_to_form_a_llc_for_-273145

"You can buy, hold and sell properties in an LLC for yourself. When you start to deal with other parties and acting as a Real Estate licensee then you need a license. If you have a licensed person do the selling for you etc then you would not need to be licensed.

Example, you can go out as an individual (or LLC) and buy properties all day long. As an individual you can be a FSBO with your own properties and not be licensed. As an individual you can hire a licensed person to act for you and be completely legal as well.

When you start to assist others you then cross over quickly into needing a license."

Renting in Peoria, Arizona:

http://www.peoriaaz.gov/newsecondary.aspx?id=38240

All Property Management

Everything that you want to know about Property Management.

How to start a Rental Property Business

Property Management Laws in Arizona

Requirements

http://www.ehow.com/list_6940115_arizona-residential-management-license-requirements.html

Handbook:

http://www.asisvcs.com/publications/pdf/090300.pdf

Outline:

http://www.asisvcs.com/publications/pdf/090301.pdf

http://www.asisvcs.com/publications/pdf/090303.pdf

http://www.asisvcs.com/publications/pdf/090302.pdf

Free Real Estate Exam Study Guide and Test:

http://onlinerealestatereview.com/Free_Real_Estate_Exam.htm

Arizona Property Management FAQ's (Frequently Asked Questions)

http://www.re.state.az.us/Aud/AudFaqs.aspx#FAQ22

Mortgage Rates and Lenders

Tips for future moguls

Tax Deductions For rental Properties

I know it still awhile before tax time but this is great info to have.

A good question/answer page from Wells Fargo Bank

This link has great information about getting funds for rental properties.

How to get financing for rental properties

This is more useful information on obtaining financing to purchase Rental Properties.

How to get a Mortgage for a Rental Property

This is an excellent article to see what you need to get loans for purchasing rental properties. It has gotten alot harder. I'm also going to link other similar articles.

Your Savings Account

Silver, this is where you should think of putting extra money that you plan to Save for awhile.

Live Precious Metals Prices

I use this site to look at what the current price is for precious metals commodities.

The Dollar is Currency

This is a great explanation about how the Dollar works today and what it's real value is.

Saving money is a mistake. Hedging money is what you should do to build wealth.

Robert Kiyosaki - Conspiracy of the Rich

This is one of my favorite authors and has inspired me in much of my studies of business.

FundWell

Small businesses struggling for loans

It has become much more extremely difficult to get banks to part with their money these last two years.

Business Trendsetter

This article expands on an idea that I've been working on for since 2009. The rest of the market may be jumping into the rental property business as all these properties have become available but that doesn't mean that it's over. There still are a lot of opportunities in this field. You just have to come up with a business plan that fits your needs and your outlook.

Home values rise for first time in five years.

The Home Tome

A blog about homes.

American Renters getting Squeezed

Rental Prices are dependent on each area.

Rents are rising : What should you do?

Ownership of rental properties are quickly becoming scarce as more and more people try to get into this game. The prices of these units should start increasing. There appears to be a move by the Government to get people to move into cities out of the suburbs. In Chicago, Mayor
Emanuel has brought in several companies and their employees into the city by providing them tax incentives prohibited to the rest of the population. Yes, less taxes are good.

Benefits of Dividend-Paying Stocks

This is another way to get passive income. Like everything else, there are always risks. Who dares win.

Chicago Economy Booming

900 N. Michigan Condo for $2.75 Million

Former Chicago Mayor Richard M. Daley is selling this property in Chicago. The unit is 3,479 Sq Ft and possibly not in the range of his Honor's retirement funds of $500 per day. Politics pays well for some.

Collateral Borrowing

Tax Write Offs

Millinaire buys a county of foreclosed homes in Michigan

Government Motors down 41%

The Real Crash dead Ahead

Home prices slowly rise

But it is still down for the year.

Cost of moving

Government forced teen to close down Hot Dog stand

Democrats war on Suburbs

Economy Growing 1.5 % in spite of our Government

Support Chi-Fil-A

Mortgage Refinance hits 3 year high

Reverse Mortgage Con

Less Newer Homes being built

Is Oprah hurting for money?

Retiring to a new State

Republican lead States do better in US

Self directed IRA to buy real estate

16th Amendment

The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy anincome tax without apportioning it among the states or basing it on Census results. This amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interest were ruled to be direct taxes in Pollock v. Farmers' Loan & Trust Co. (1895). It was ratified on February 3, 1913.

Medieval Village for Sale

On Sale for 2.5 million euros.

Microsoft Surface

The newest tablet on the market.

Tough for Renters and Property Managers

Quizzle

This is another site for credit reports that is free.

Phoenix looking good for job growth

Metro area population: 4.3 million
Current unemployment rate: 6.6%
Job growth next five years: 8% to 10%
Number of new jobs: 100,000 to 150,000

A solid transportation infrastructure and low labor costs make the Valley of the Sun a strong magnet for firms fleeing higher-cost California. The Greater Phoenix Economic Council notes that 30% of relocations in 2011 were from California. And a silver lining in the wake of the housing crash: inexpensive real estate.

The city is an emerging player in the making and distribution of lower-end electronics: major employers include Motorola, Honeywell and Avnet, all of which are hiring. Other Fortune 500 firms looking for help are mining giant Freeport-McMoRan, US Airways and PetSmart.

Entrepreneur Stories

Peter Thiel - Concepts

This is a great article about business.

Credit Checks

How to Run Credit Checks on Prospective Tenants -- powered by ehow

Importance of Credit Checks

Read the article and also the comments. It has alot of valuable information in it.

Mortgage Rates Plummet

America lost 129,000 Millionaires in 2011

Obama's wealth distribution is right on track!!! Remember, Conservatives follow the principles of the Constitution. It is supposed to provide us a level field upon which we can try to build our futures and are will to take a chance even if we fail. Progdolytes want a strong centralized Government to let us all share equal misery.

Truth about Capitalism

Home Prices Drop 2%

Property Management Going To The Dogs

Opulent Real Estate Group LLC

Rent Trends in Phoenix

Finding Tenants

Finding the right tenants for your rental property is one of the most critical tasks you'll face as a landlord. As any experienced income property owner knows, difficult tenants can consume so much time and energy (not to mention cash, if their particular brand of "difficulty" is "not paying rent") that you're better off with a vacant property than you are with the wrong renters.

Casting a wide net with your advertising strategy will give you the best chance of finding responsible, financially stable tenants. With this in mind, here are some good ways to locate ideal renters:

• Word of mouth: Letting trusted friends and family know that you have a rental unit available can be one of the simplest and best ways to find hassle-free tenants.


• Community bulletin boards: Posting attractive flyers in locations where responsible renters are likely to congregate can be an inexpensive and effective strategy for getting the right people interested in your property. Office break-rooms, churches, and upscale grocery stores are all good places to post your property listing.


• Newspaper ads: Placing ads in the print version of your local newspaper is still one of the simplest ways to bring news of your vacant rental property to the attention of a wide, yet targeted, audience. If you live in a large metro area, don't forget that advertising in smaller community or neighborhood newspapers can be a cost-effective, focused way to advertise vacancies.


• Online advertising: There are many ways to advertise your rental property online, from Craigslist, to your local neighborhood blog, to rental listing portals such as RentalHomesPlus.com and Rent.com. With many young professionals (read: "likely renters") conducting an ever larger portion of their lives online, it makes sense to advertise on the Internet.


• Rental agents: Many property owners choose to work with experienced property managers to fill their vacancies, even if they handle all other aspects of managing their properties themselves. Property management companies have systems in place to identify great tenants---systems that they've developed and refined in the course of filling dozens, even hundreds of properties. It's hard to match that kind of experience as an independent landlord.

All Property Management

Renters Choice

A Phoenix area property management company.

Rentals dominate in Phoenix

The Small Business Pick for the White House

Quickbooks

Government siphons off money meant for homeowners

GM to quit ads in Facebook

Capitalist Utopia

Government wants to get tougher on Chase Bank

The Government wants to get tougher on Chase because it lost $2 billion dollars. That shows you how anti-business our Government has become. The entire purpose of business is to take risks. I find it ironic that the Government can complain about one business bad fortune in one event when it loses $1 billion dollars every day. I think that it should clean up it's own house before coming after individual businesses.

If we aren't Socialist, what are we?

More and more Americans renouncing their citizenship in order to not lose their wealth.

Flying Travel increases in Price

Multiple bids? Housing market showing signs of life

fb IPO $28 to $35

Chicago Cop Indicted in Mortgage Fraud

Home Buying May Never Get Cheaper

Real Estate Property Easement

Cities With Least Realistic Home Prices

5 Cities Where Home Prices Hit New Lows

Chicago is back to what homes were worth in 2000. Illinois' high taxes will keep this market depressed for a long time.

Phoenix is showing improvements and homes are dwindling.

For the property rental business, Las Vegas, Nevada is the hottest market to get into. There are close to 140,000 houses available. This is where investors will be flocking to.

"Chicago

• Home prices compared to September 2006 peak: -37%

Home prices in the windy city are the lowest they’ve been since 2000. Prices have dropped 37% since 2006, and a chunk of those losses is very recent. Between September and February, home prices in Chicago fell 11%, compared to the 5.4% average loss for all of the 20 metro areas tracked by S&P/Case-Shiller.

High unemployment is a big part of the problem, says Jeff Ristine, broker owner at Weichert Realtors Kingsland Properties in Chicago. The city’s unemployment rate was 9% in February, according to the BLS, compared to the 8.3% national unemployment rate at the time. Chicago’s unemployment has outpaced the national average for some time: In February 2011, the city had an unemployment rate of 9.7% compared to a 9% national figure. And more job losses could come, experts say. Illinois raised its state income tax last year, and experts say more companies could move their operations to other states as a result. Job losses have pushed up foreclosure rates in the city, says Ristine, which in turn has lowered values of nearby homes.

Fast home price appreciation during the boom is also to blame: Historically, home prices rose 3% to 5% a year but between 2001 and 2006 that spiked to 10% to 15% growth a year, says Ristine. Meanwhile, many new properties on the outskirts of the city sit uncompleted or vacant since the housing boom ended. Experts say it’s unclear what’s next for this city, but first quarter data seems relatively promising: the median sales price rose 4.7%, says Ristine, marking the first quarterly increase in roughly four years."

Why US House Prices Won't Recover

"Houses are ordinary consumable goods: wood, stone and metal bound pieced together through labor. There's no reason to believe they should enjoy a special rate of return distinct from those for, say, apples and shoes."

The value of money is what we as a people agree to. The middle-class put too much of their vision of wealth in their home and struck out. It is surprising on how many people believed that what a house was worth would continue to rise to such unbelievable heights. If that were the case then a house built thousands of years ago would be worth trillions.

Homeownership Falls

4601 N. 103nd Ave, #1039, Phoenix, AZ, 85037 PICS

The Link Title above will take you to a picture page that has the before pics of this property when we first acquired it. These are some of the after pics after our rehabilitation phase.

Cozy 2 bed 2.5 bath, 2 story condo. Main floor has living room with a fireplace, inside laundry hook ups with washer and dryer included, powder room and kitchen. Second floor has two bedrooms with connected two additional bathrooms. Nice condo. Complex is located across street from golf course and lake! Community pool and spa! Back of unit has patio. Lush green landscaping throughout complex! Parking in front of unit for easy access!Close to loop 101 and Westgate.…

No Rebound For a Generation

What's dragging down our economy?

Our Government.

Kindle Fire Again

Kindle Fire

I love my Kindle Fire

Home Ownership Hits Decade Low

New Home Buyers Underwater

The prices of homes in most areas of the country are so precipitous that today you can almost start going underwater as soon as you purchase a house.

5 Business Plan Templates

Five States with the Lowest Taxes for Businesses

Three Steps to Turn a Great Idea into a Business

Trademarks

SRT Viper

Holding Dividend Stocks

3 Dividend Paying Stocks

These are stocks that pay dividends.

The Cortesian sells for $26 Million

This is the type of property that we are setting as our goal to own and manage. Read the article about the sale by following the title link above.

The Cortesian

http://www.thecortesian.com/

Real Estate Technology

Anti-business Illinois smacked down

Go Daddy Domain Rules

Five Business Tools

Valley Germ Killer

Chicago Houses continue Freefall

Arizona Residential Landlord Tenant Act

This is a good layman's explanation of what people's rights are for renters and landlords. This version is written with the renters in mind but it's good for both parties.

Chicago Housing Market does better in March

Why are so many people leaving Illinois?

HIGH TAXES

Strength of your Password

The internet is the future of business and that will also open it up for criminals. This post links to a great site that will give you a tool that evaluates any current password that you have or helps you generate a very strong one. I'll also link it to my Link Hub.

Evolution of the Information Age

Things To Do

This is my Things To Do List:

This is from one of Robert Kiyosaki's books(I've personalized it a bit for myself):

These are the goals that I've set for myself and my business.

-Seek to discover that little thing in our property management business that can be a big thing to our customers. I need to uncover and identify my gift.

-Select a business tactic and choose strategies to make it happen. Try to keep it simple and executable.

-Recognize that it is my job to focus on the mission and bring the B-I Triangle to life.

-The Midas Touch requires discipline. You can be a rebel, but understand that it will demand new levels of personal, financial and business responsibility.

-Be generous with my energy and success. Bring others along for the ride and reward them well. Property management is not a solo sport, it is a team effort.

-There are no little things, everything matters, so hire wisely and inspire your team with your vision. They will be the ones who carry it out and represent you.

-Think BIG, set your vision high and go for it. You'll have lots of people and obstacles in your way, work to get beyond them.

-Don't delay. Everyday that you work on your business without a vision, without a plan and without proving that it works is another day that you delay your success.

-Discover your true self and surround yourself with people who compliment your gifts and modes of operation.

-Commit to being a lifelong learner of studying successful businesses and people , to understand the little things that count in them.

-Design your property management business from the start so that it is leverageable, expandable, adoptable, predictable and financeable.

-Realize that an entrepeneur's most important gift to the world is jobs, security and the well-being of others.

-Recognize that the world needs more entrepeneurs. Everyone is counting on you.

Pirates of Silicon Valley 1999

Free Tenant Check Site

I like this site in order to check possible new tenants.

Gregorio Management Group LLC account:

Account name: GregorioMngtGp1

Password: adrian21

You can use this one or open one for yourself, it's free.

Introduction to Business Plans

A link to a great article about writing business plans.

One More Customer

This is a link to an interesting page with information for small businesses.

4601 N. 103nd Ave, #1039, Phoenix, AZ, 85037

This is the second rental property that was acquired by Gregorio Management Group LLC.

LegalZoom. com

This is a link when you are really serious and want to form your own company. It is very easy to interact with and they have a great help phone line to provide answers immediately.

Real Estate Market Update : March 23, 2012

I like following Christine Schroedel's Real Estate Market Update. She gives me a local voice in the housing market for the Phoenix area.

Rules of Money

Rules of Money

by Robert Kiyosaki

Rule of Money #1: Money is knowledge

Today, traditional assets do not make you rich or financially secure. You can lose money on businesses, real estate, stocks, bonds, commodities and even gold. Knowledge makes you rich and a lack of knowledge makes you poor. In this brave new world, it is your knowledge that is the new money.

Rule of Money #2: Learn how to use debt

After 1971, the US dollar switched from being an asset to being a liability-debt. Debt exploded because the banks could create more money by creating more debt. Our current subprime mess was caused by subprime borrowers and subprime banks. Obviously, both the poor and the rich need to learn to use debt, not abuse it.

Rule of Money #3: Learn to control cash flow

After the US dollar became debt, the name of the game was getting you and me into debt. When you are in debt, your cash flows from you to others. Today, many people are in financial trouble because they have too much cash flowing out of their pockets and very little money flowing into their pockets. If you are going to be financially secure, you need to learn to have more cash flowing into your pockets.

Rules of Money #4: Prepare for the bad times and you will only know good times

The last depression made some very rich and made some very poor. Some saw the depression as an opportunity and the others saw it as a crisis.

The baby boomers have only known good times. Many are not prepared for the bad times. By preparing for bad times, you will do well in good times.

Rule of Money #5: The need for speed

Money evolved from barter to digital money as the world's financial system picked up speed. Today, slow people are left behind. A well-positioned person can transact business 24/7. Rather than making money by the month, people can make money by the second.

Where are you?(please do not reply, this is fyi)

1. Are you being paid by the month, the hour, the minute or the second?

2. Are you earning money eight hours a day or 24/7?

3. If you stop working today, will money continue to come in?

4. Do you have multiple sources of income?

5. If you are an employee, are you working for an employer who is in business that is being left behind?

6. Are your friends and the family moving forward or being left behind financially?

Two friends were walking in the woods when a bear suddenly jumps out and quickly approaches them.

"Do you think we can outrun the bear?" one friend asks.

To which the other friend replies, "I don't have to outrun the bear. I only have to outrun you."

Due Diligence

Due Diligence - "Due diligence" is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.

Due Diligence Checklist

-Current rent roster with paid to dates

-List of security deposits

-Mortgage payment information

-Personal property list

-Floor plans

-Insurance plans, agent

-Maintenance, service agreement

-Tenant information: leases, ledger cards, applications, smoke detector forms

-List of vendors and utility companies, including account numbers

-A statement of structural alterations made to the premises if any are made

-Surveys and engineering documents

-Commission agreement

-Rental or listing agreements

-Easement agreements

-Development plans, including plans and specifications and as-built architectural, structural, mechanical, electrical and civil drawings

-Governmental permits or zoning restrictions affecting development of the property

-Management contracts

-Tax bills and property tax statements

-Utility bills

-Cash receipts and disbursements journals pertaining to the property

-Capital expenditure disbursements records pertaining to the property for the past five years

-Income and expense statements pertaining to the property for two years prior to the submission date

-Financial statements and state and federal tax returns for the property

-A termite inspection in form and content reasonably satisfactory to the buyer

-All other records and documents in the Seller's possession or under the Seller's control which would be necessary or helpful ro the ownership, operation or maintenance of the property

-Market surveys or studies of the area

-Construction budget or actuals

-Tenant profiles or surveys

-Work-order files

-Bank statements for 2 years showing operating account for property

-Certificates of occupancy

-Title abstract

-Copies of all surviving guarantees and warranties

Write a Business Plan

This will link you to a ten point presentation about writing a business plan. A serious business will want one especially when it comes to borrowing money.

Investopedia

Investopedia. This is a great site to research for anything that has to do with investments and business. I keep this as a great reference site. I put a link on my Link Hub.

Credit Karma

This is a great FREE site where you can go and get your credit checked. There are no hidden fees like credit score. com, that is a pay site. Beware of that scam. I put a page link for Credit Karma.com on the right side of the page on my Links hub. ---------->

Affordable Dental Care

This is a link to affordable dental care without the expense of insurance.

Trulia

Trulia. I like using this site to look at the local areas around a property that I'm interested in. It is a great research tool to see what the neighborhood is like. I put a permanent link on my Link Hub.

Welcome

Welcome to our new Blog. I want to use this as a place where I can put different articles, ideas, plans and everything else that have to do about property management. When you see a blog post that only has a title, just click on it to take you to the corresponding article or webpage. Enjoy!!!

Gloria and I were planning to wait until I was eligible for retirement. I will be eligible for a 20 year retirement from the Chicago Police Department on September 18, 2012 and will be able to start cashing in on my birthday, December 21st, 2012. I would then sell my house and with the equity we would then buy property in Phoenix, Arizona and had no real plans after that. We would just watch the world go by I guess.

I didn't originally plan on making a property management business and don't know exactly where it will take us but let's see where it goes. I was just motivated to do something back in 2008 after the presidential elections. I realized that 'things' were going to 'change' and not the way I wanted them to. I'm not going to make this a political forum so I'll end that train of thought there.

I knew that there had been a problem when I was told by a house appraiser that my house in Chicago was worth $355,000 dollars back in 2006 when I was refinancing for a lower rate that were available then. I saw that things had really changed from the time that I had originally bought it. I was only able to get it with a VA loan. Those are things that I plan to touch upon later in this Blog. Regardless of what the loan company said, I knew that that price was way over-inflated and that things like that never really happened. I decided to keep to my Conservative principles and just took out enough money to do some minor repairs around the house. I improved the property to the point that I could enjoy it.

Unfortunately, some of my neighbors and the part of the rest of the country didn't think the same way. People were buying homes that were way over-priced. Houses were selling on my blocks that were really not worth it. I was told that the real estate market was red hot and that I should sell my house and upgrade to a bigger place by real estate agents. I decided that I should stay were I was, in case things went wrong.

I had been told repeatedly that your house was an investment. It would continually go up in value. I think that most Americans did. I used my house as my major investment vehicle. I had bought stocks and was invested in several money markets. I was diversified or was I? I'll discuss that later (make sure you remind me).

The economy started to take a turn for the worse around 2006 after the elections. I just thought that things would adjust a little to where it should be. It did but did not stop, things were getting worse. I didn't think that there would be much that I could do, so I continued to pay bills and trustied in my nest-egg, my house.

In 2009, I decided that I would do a refinance of my house while it was still worth something and to out $60,000. I had a feeling that a storm was brewing and that I had to make a 'Plan B' since my original plan might be a washout. I went to Phoenix, Arizona were the housing market had crashed the year before and started looking at property there. A town called El Mirage, that had been desert just ten years earlier had many empty houses. Gloria and I looked at many houses while we were there to get a feel for the area. We spoke to many local real estate agents who were in a state of denial. They kept telling us that houses under $100,000 were not available and that there were only a few very inexpensive houses available. They were lying.

My sister Doris who lives in Surprise, Arizona saw a guy putting a 'For Sale Sign' in front of some property in El Mirage. He turned out to be a real estate agent, Dave Volking. We explained what we could afford and he sent us listings online for houses that had been foreclosed and we spent the next few months bidding. We were finally able to find one that we liked and were successful bidders, $60,000. We had a nice ranch 1088 sq ft house. We flew out and spent several weeks there getting it to living conditions.

It needed minor repairs and paint. We were able to spend within our $3000 budget to fix her up. We now had a house to live in when we retired. I wanted to keep it unoccupied until retirement. I had my parents and sister who lived nearby to look over the property. I kept a couple of plastic lawn chairs there and my parents enjoyed stopping by a few times a week and watching the US Air Force jets fly by from Luke Air Force base nearby.

Gloria was the one who came up with the idea that we should rent the house while we were waiting to move there. El Mirage kept stringent rules about renting, seems many of them were misplaced Chicago liberals. They wanted all rental property to pay city taxes for rent collected. I quickly learned an important lesson, government is an impediment to business. Our education was beginning, we needed to register with the county and state. The gave us a business license and the clerk asked us for our companies name. I made one up on the spot, Adrian and Gloria Rentals.

I was now in the business world and I had no idea what I was doing. We were making moiney renting the house and making a profit. I started to read books about renting properties. I used 'Rental Property for Dummies' as a starting guide and have read countless books on the subject. We would eventually formed our business and called it, Gregorio Management Group LLC. We are still doing business as Adrian and Gloria Rentals because it has a less cold corporate sounding name to it. We really are a mom and pop shop but we are highly motivated.

We have embarked on our new course and my life as a law enforcement officer is ending but Gloria and I have the rest of our lives to live. Let's see where this journey takes us.

I always liked the motto that the British SAS has, 'Who Dares Wins'.

We dared.