RC Timer Housing Points

RC Timer Housing Points

How to Wholesale a Hot Smoking Deal for 5 Figure Profits

5 Figure Assignment Fees may be hard for some people to believe in today’s Real Estate Market. Believe it or not, they are still out there for the active, persistent and methodical real estate investors, even the first-timers!

Wholesaling

Wholesaling is the art of finding and assigning properties.  It can be so appealing to new investors because there is very little cash required to support these types of deals and credit is not an issue. A new investor requires only a small amount of cash to cover earnest money deposits, advertising, etc.things like this.

Discover your mission, vision, or purpose in life.

Spend some time envisioning the type of lifestyle that fits your family and personality traits. Then begin to realistically set your goals based upon the vision.

Remember the basics about goals – they should be SMART GOALS.

S-pecific
M-easurable
A-ttainable
R- ealistic
T-imely

Aim for what really matters to you.  Discover your mission/vision/purpose.  and teach yourself how to set and persist to achieve your goals. To manage time effectively track your tasks consistently, so that  you don’t waste time on non income producing activities. Visualize and focus on your goals daily to ensure that your actions reflect that which pertains to your goals.

What tools do you need?

The basic tools that you will need as a new wholesale investor are these:

  • Cell phone -  (preferably a PDA) with unlimited minutes, you’ll need them!  This will help you to organize your tasks, records, phone numbers and synchronize with your computer.
  • Computer - researching data comps and for marketing your wholesale deals
  • Printer -  print out contracts, contracts and any documents
  • Camera - this is an absolute must have for creating your e-flyers to mail our to your database to sell your deal
  • Contracts / Agreements
  • Fax Machine
  • Filing Cabinet – you’ll need this too.

As your business evolves, you’ll reach a point where you will find other tools and gadgets that increase your productivity and your profits.

How to find deals:

There are many places to you can locate deals and here is a list a few of them:

  • Vacant Houses
  • Title Companies
  • Home Inspectors
  • REIA Clubs
  • FSBO’s
  • Bankruptcy Attorneys
  • Homeowners Associations
  • Burned out Landlords
  • Bail Bondsmen
  • Code Enforcers
  • Hard Money Lenders
  • Meter Readers
  • Waste Management
  • Divorce Attorneys
  • Probate/Trustees
  • Tax Offices
  • Garage Sales
  • Estate Sales

** Every time you go for a ride, take a different route to get to know your neighborhood, the properties, comps, vacants and utility workers.

Once you’ve made contact with a truly motivated seller- you’ll make them an offer on that property based on the comps, repairs and your desired profit.

Quick Calculation of the Maximum Acceptable Offer: (MAO)

MAO = (ARV x .65) – RC – CC – AF

ARV  = After Repair Value
RC = Repair Cost
CC = Carrying Costs
AF = Assignment Fee

Assigning The Contract

The most important thing to do here….in the money step is to be very clear that you’ve contracted to purchase the property as “your name….and/or assigns”:  By placing and/or assigns after your name, you’ve ensured your ability to assign the deal to an end buyer.  Although a contract is usually assignable unless otherwise stated, I would hate for you to fall down on the money step by leaving it to happenstance.   Once you have an executed purchase agreement with the motivated seller that contacted you and you’ve negotiated a hot, smoking deal with your and/or assigns on that top line…you are ready to find your buyer.

Note: In my contracts, “and / or assigns” is a part of the agreement along with the following clause.

Buyer shall receive a key within 48 hours and be granted access to the property to allow partners and contractors to evaluate it as needed. If the seller is still living in the house, I request access on pre-arranged days and times.  When they won’t be there and this allows me to get my investors in to see the property.

How to help your buyers see the value in your deal

I try to make it as easy as possible for my buyers to access, evaluate and purchase my wholesale deal by doing the following.  By having my contractor to come out and submit an estimate on the needed repairs (on his professional letterhead) can save my buyer/investor a great deal of time and guesswork and I also ask my real estate agent for some accurate comps on the subject property. Even though I encourage every buyer/investor to pull their own comps, perform their own due diligence, I’ve found that by doing these things, they are steps that aid in the process of assigning the deal.

So at this point, you’re so close to that meeting with your bank teller right? …hang on!

At this stage, you have the property under contract,  you’ve got your estimate(s) for the repairs, comparables, photos, and you’ve got access to the property and your blank assignment of contact in your hot little hands. You’ve done a lot and you’re close.

How to Find a Buyer for your Deal

During this point, time is certainly of the essence and you’ve got to get your e-flyer made and sent out to your database, your craigslist ads, your for-sale-by-owner posts, directional arrows and a hard copy to bring to your local real estate investor club.

In my experience, they are many, many “wanna-be” investors that read book after book, attend seminars and invest within the confines of their minds. My advice to my students is to weed out the tire kickers from the decision makers, early on before they have a deal. Create a performing database. It doesn’t have to include many, many names…. just the ones that know a hot, smoking deal when they see one and that will perform when the times comes to do so.

What day is it? Now it’s payday!

Your end buyer / investor will be exchanging a signed assignment of contract with you for a fee. They are paying for the right to step into your place and fulfill the obligations that you and the seller have set forth.

Collect a deposit from your buyer as you hand over the purchase agreement and obtain a signed assignment of contract .  This will help you to separate the decisive, action taking investors from those that have a case of paralysis of analysis. If your buyer is serious about moving forward, they will have the wherewithal to hand over a deposit in good faith thereof.

Since it’s your deal, you would be using your title company who is most knowledgeable and skilled in the art of wholesaling properties and the manner in which you operate your business. You will provide your title agent with instructions about the remaining funds that will be released to you upon settlement. If your title company is not able to release those funds to you at that time, it’ll be necessary to execute an addendum with your buyer.

An addendum attesting to the fact that you will be both be at the closing and the buyer ( your assignor) must pay you in the lobby immediately following the closing, along with a Notarized Memorandum of Agreement would help to protect your interest.

Assignment fees can be very lucrative in certain markets. On my very first wholesale deal- the assignment fee was $7,000 and I had never done it before….so not bad right? My third wholesale deal allowed for a $40,000 fee because it was a hot, smoking deal. The buyer, a contractor was thrilled to get that property so that he could rehab it and make his profit.

Hot, Smoking deals are out there….if you’re not paying attention, you’ll bump right in to one of them!

So, with that- see your vision, steady yourself, prepare with vigor and head in that direction with renewed energy, confidence and persistence…and remember to enjoy the journey.

Karen Roberts

About the Author

Karen is a real-estate entrepreneur, investor, mentor and REIA Club president. She is dedicated to building financial independence and inspiring, empowering others to achieve their financial freedom through the FEC http://www.financialenlightenmentclub.com Her office is located in Santa Rosa, CA and she can be reached at karen@financialenlightenmentclub.com.

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This is the NEWEST V2 ESKY Honey Bee Series RC helicopter features good performance for superior strength, stability, controllable flight and durability, which are favored by the fun flyers all over the world. Honey Bee helicopter is designed with beginner in mind, has been completely assembled in factory, you can enjoy the pleasure of flying after fixing the battery. CCPM (collective cyclic pitch mixing) system can ensure the helicopter do various skyways flight perfectly. Feature: 4 Channel remote control set includes complete Forward/Backward, Left/Right, Up/Down control (RUDDER, AILERON, ELEVATOR, AND THROTTLE) New quick responsive 8g digital micro servos New 2.4 GHz Spread Spectrum Transmitter, Awesome Look Cabin, Reliable Spread Spectrum Mixer/Gyro Control, More Stable Flight, Even First Timer can Control Easily New powered by 11.1V 800mAh Li-polymer battery. Longer flight time New Look Cabin, Improved Mixer/Gyro Control, More Stable Flight, even first timer can control easily Powerful 370 carbon brushed motors with strong anti-wind ability Transmitter provides connection port for computer simulation software Strong metal main gear drive plate - resists wear Metal ball-in-swashplate for more precise control Flybar weights dampen control for beginning heli pilots Fiberglass reinforced rotor head resists flex for better forward flight Solid servo mounts for precise control Screw-on frame for easy repair More stable flight, even first timer can control easily Reliable high quality mixer with built-in gyro board Factory Pre- assembled, zero assembly time Pre-positioned servo mounts for easy set up The Sliding swash plate can help you operate the R/C Helicopter Freely Newly Designed Rotor Head gives better control Digital Proportional Motor Speed Control Suitable for Indoor/Outdoor/Backyard/Park The main rotor blades are using top quality plastic materials, which is not easily break Approximately 10 minutes flight time on each charge - Optional Li- poly battery will help to achieve better performance and longer flight time Best choice for Beginner - Advanced hobbyist All spare parts and accessories are available Complete Kit, Ready to Fly (Everything is included and 100% assembled -- 8 AA batteries for the transmitter also included) Specification: Main rotor diameter: 520mm (20.5 inch)

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New 2.4G Spread Spectrum technology allows the transmitter and receiver to be 'locked-on' to the same frequency ensuring much improved reliability and peace of mind when flying. Second, 2.4 Gigahertz systems offers quicker, more responsive control, when compared to a standard frequency system. Third, Operating at 2.4 Gigahertz also puts the radio control out of the frequency range of any 'noise' caed by the other electronic components on your helicopter - such as the motor, speed controller and any metal to metal noise - eliminating interference and glitching that can affect traditional frequency system. Fourth, another main characteristic of 2.4 Gigahertz equipment from a RC model club?s point of view is that no frequency control is needed. Eliminating the need to check everyone else's channel numbers, prior to flying. No more worries about turning up at a club with the wrong crystal in your Tx. The Walkera HM#5-10 is a 4 channels radio controlled electric helicopter with co-axial, twin rotor blades system. It is easy to fly for the beginner, which possesses the characteristics of high sensitivity and full control of the real helicopter. The HM#5-10 has been designed with an finely-crafted authentic scale appearance with highly detailed fuselage. The tricycle undercarriage with retractable style wheel design will add to the enjoyment of flying this superb micro electric helicopter. Finally, 2.4 Gigahertz equipment use less current to operate than standard frequency systems. This results in longer flight time and longer life of your transmitter and receiver batteries! Feature: Improved version! This is the new version with a lot of adjtment and improvements. New 2.4 GHz Spread Spectrum Transmitter, Awesome Look Cabin, Reliable Spread Spectrum Mixer/Gyro Control, More Stable Flight, Even First Timer can Control Easily Design of metal main frame, metal swash plate and metal rotor head, and metal tail boom is legerity, innovation, precise and stability Adopts Bell rotor head, coaxial structure and PPM control mode Coaxial structure effectively offers stable flight and easy operation The combination of prompt servos ensures vario flight courses It is possible to adJust the servo extent and the sensitivity of built-in gyro. Ctomized fine adjtment makes your flight more perfect New Look Transmitter, New Look Cabin, Improved Mixer/Gyro Control, More Stable Flight, even first timer can control easily Powerful 2 x 130push carbon brushed motors with anti-wind ability Separate servos from mixer, more precision movement More stable flight, even first timer can control easily SUPER STABLE X-ROTATION SYSTEM, Easier to control than Original LAMA Dual counter rotating rotor which eliminates the need for a tail rotor Reliable high qual

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The A-10 program is developing the next-generation air superiority fighter for the Air Force to counter emerging worldwide threats. This A-10 holds the same beautiful lines as the original fighter jet. The wing and body used in this jet are specially designed to allow high G maneuvers, yet the wing loading is still very low. It becomes a stable aircraft with excellent performance. RTF (Ready To Fly) Version   What the Pro says! Construction quality and paintwork from the factory is excellent, no problems at all.  It took me about 20 minutes to put it together using five minute epoxy.  I left the landing gear off, I prefer to hand launch.  Be sure ot put some tape on the bottom for protection. The plane flies fine on the stock NIMH pack and brushed motors, in spite of all the internet "Experts" saying it would not.  It will loop and roll, no problem, but it's modestly powered with the stock setup, and flight times are maybe five minutes, tops. Swapping out the 650NIMH pack for a three cell 1300 lipo made a whole new airplane out of it.  Now it is fast and vividly aerobatic, and flight times are long.  I set a timer at eight minutes to make sure I do not overdrain the lipo and ruin it.  No reason why you could not put in a 2200 pack, either. Beware of one thing, though...the way it is set up from the factory, there is way too much elevator throw, and you may kill it on the first flight attempt.  Move the control horn to the innermost hole on the elevator servo horn, and the outermost one on the horn on the elevator, and everything will be fine. I am still using the included 27mhz radio.  It will occasionally glitch if I point the TX antenna right at the airplane, otherwise, it has been working fine. I have put a dozen flights in using the 11v lipo and the stock brushed motors, and the motors and ESC are still going strong, so consider that before buying a brushless converson for it.  Power is a non-issue with the stock motors and a lipo batt. The plane is stable and easy to fly, yet very aerobatic.  I like flying it in low and close, like the real thing.   All I can say is the plane is better than expected in all respects, much better than similar offering, and it is well built and a super value for the money.  Great plane to keep in the back of the car and toss around whenever you see an open space.For more reviews and comments on other NitroPlanes.com products by rc enthusiasts, click here.   Specification: Wingspan: 872mm (34.5") Length: 968mm (38") Flying Weight: 450g (16 oz) Drive System: Twin 370

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The A-10 program is developing the next-generation air superiority fighter for the Air Force to counter emerging worldwide threats. This A-10 holds the same beautiful lines as the original fighter jet. The wing and body used in this jet are specially designed to allow high G maneuvers, yet the wing loading is still very low. It becomes a stable aircraft with excellent performance. RTF (Ready To Fly) Version What the Pro says! Construction quality and paintwork from the factory is excellent, no problems at all.  It took me about 20 minutes to put it together using five minute epoxy.  I left the landing gear off, I prefer to hand launch.  Be sure ot put some tape on the bottom for protection. The plane flies fine on the stock NIMH pack and brushed motors, in spite of all the internet "Experts" saying it would not.  It will loop and roll, no problem, but it's modestly powered with the stock setup, and flight times are maybe five minutes, tops. Swapping out the 650NIMH pack for a three cell 1300 lipo made a whole new airplane out of it.  Now it is fast and vividly aerobatic, and flight times are long.  I set a timer at eight minutes to make sure I do not overdrain the lipo and ruin it.  No reason why you could not put in a 2200 pack, either. Beware of one thing, though...the way it is set up from the factory, there is way too much elevator throw, and you may kill it on the first flight attempt.  Move the control horn to the innermost hole on the elevator servo horn, and the outermost one on the horn on the elevator, and everything will be fine. I am still using the included 27mhz radio.  It will occasionally glitch if I point the TX antenna right at the airplane, otherwise, it has been working fine. I have put a dozen flights in using the 11v lipo and the stock brushed motors, and the motors and ESC are still going strong, so consider that before buying a brushless converson for it.  Power is a non-issue with the stock motors and a lipo batt. The plane is stable and easy to fly, yet very aerobatic.  I like flying it in low and close, like the real thing.   All I can say is the plane is better than expected in all respects, much better than similar offering, and it is well built and a super value for the money.  Great plane to keep in the back of the car and toss around whenever you see an open space.For more reviews and comments on other NitroPlanes.com products by rc enthusiasts, click here. Specification: Wingspan: 872mm (34.5") Length: 968mm (38") Flying Weight: 450g (16 oz) Drive System: Twin 370 ducted fan motors Speed Controller: 25A speed controller

2.4Ghz Airwolf RC Helicopter RTF - Walkera 5#4Q3 Blue Radio Controlled Helicopter


2.4Ghz Airwolf RC Helicopter RTF - Walkera 5#4Q3 Blue Radio Controlled Helicopter


$399.95


The Walkera Air Wolf 5#4Q3 is a 4 channels radio controlled electric helicopter with co-axial, twin rotor blades system. It is easy to fly for the beginner, which possesses the characteristics of high sensitivity and full control of the real helicopter. The Air Wolf has been designed with an finely-crafted authentic scale appearance with highly detailed fuselage. The tricycle undercarriage with retractable style wheel design will add to the enjoyment of flying this superb micro electric helicopter. Finally, 2.4 Gigahertz equipment use less current to operate than standard frequency systems. This results in longer flight time and longer life of your transmitter and receiver batteries! 4 Channel remote control set includes complete Forward/Backward, Left/Right, Up/Down control (RUDDER, AILERON, ELEVATOR, AND THROTTLE) New 2.4 GHz Spread Spectrum Transmitter, Awesome Look Cabin, Reliable Spread Spectrum Mixer/Gyro Control, More Stable Flight, Even First Timer can Control Easily New 2.4GHz technology, with the functions of automatic identification and precise code pairing, strong anti-jamming, and allow more than 20 aircrafts to fly at the same field at same time Highly emulational shape with the-state-of-the-art workmanship More powerful and double the flight time of the older version 5G4#Q3 High performance 180PH motors matched with 7.4V 800mAh Lipo offers up to 20 minutes flight time SUPER STABLE X-ROTATION SYSTEM, Easier to control than Original LAMA Coaxial counter-rotating blades cancel out the rotational torque that makes hovering a conventional helicopter so difficult Precise controlling and hovering Dual counter rotating rotor which eliminates the need for a tail rotor Rudder is controlled using variation in speed of each level of the rotor blades Weight Saving Spread Spectrum 4-in-1 Mixer/Gyro/Receiver Board Reliable high quality mixer with built-in gyro board Suitable for Indoor/Backyard/Park flying Digital Proportional Motor Speed Control The main rotor blades are using top quality plastic materials, which is not easily break Separate servos from mixer, more precision movement Trimming of servos can be done both on helicopter or on transmitter Approximately 20 minutes flight time on each charge - Optional Li- poly battery will help to achieve better performance and longer flight time Best choice for Beginner and Advanced hobbyist This helicopter is an ideal investment for those people looking to move onto the larger scale helicopters, and can give you excellent training in preparation to fly the big birds!! Can be hovered with so much ease, you can do it with only one hand. Your Kid will LOVE it, Good for


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