The Real Estate Sage at The Real Estate Investment Institute - REII

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Pcanalyticalconstrictus

This vicious reptile lurks in the media, slithers from computers, flourishes in the internet, and hides in volumes of paper camouflaged in numbers, and appears spiting facttoids.. It's attack can only be detected by it's symptoms. It's victims should get very excited by each new opportunity, but instead procrastinate and over analyze until they are convinced that each opportunity is a bad deal.

The cure read some thing positive about real estate like, "One House At A Time! / Finding And Buying Single Family Rentals" avoid negative third parties and those with volumes of analytical papers, take two aspirin and call me in the morning!

Once it's caught you if left untreated this vicious constrictor will surround you and squeeze your financial future out of you!

I originally wrote about these insidious constrictors more than four years ago. It's now November of 2008. We're in the most sever financial crises since the great depression of the 1930's! Regardless of the cause Pcanalyticalconstrictus arrived in the US like the Brown Tree Snake did in Guam. Starting as a minor nuisance it's numbers multiplied exponentially. Fed by sensational journalism, political expediency and corruption, nurtured by public ignorance and gullibility, this slithering evil has taken control of our National and many personal economies. The original cause may well have been innocuous, but the crisis has become very real!

Your continued success and that of your clients depends not on the actions of the constrictors, but rather on your actions! As a child I was taught "when the going gets tough, the tough get going." As a Marine, I was taught that "when things get tough, the tough get tougher!," Expletives deleted. As a salesman I was taught that "when things get tough, the tough go back to basics!" Platitudes, yes, but all very true!

Those that look at homes and see only, over priced, upside down, devaluating houses and those that look at real estate investing as only for appreciation, have sadly have forgotten they're the people business! In their delusion they forget that shelter is a basic human need! Shortly after air, water, and food people need shelter! If you check the census and birth records you'll find that the population keeps growing!

Those of you strictly in real estate as apposed to the people business have a major problem, real estate isn't the same as it was less than two years ago, but people still need shelter, they need housing! More than any time in recent history true professionals are need, consumers need more help than ever! This is your Daddy's, more likely your Grand Daddy's real estate. Opportunity abounds for those in the people business, who can solve people problems. Sellers aren't going to get top-dollar, buyers face an uncertain future, they all need your help.

There are those that will dismiss my approach to real estate, those who will sincerely tell you it can't be done, they're right! They can't do it! Then there are those, mostly politicians, that have a vested interest in your failure. The former are ignorant, the latter evil! It's been so easy for the last decade or two that many have forgotten and most never learned basic people oriented real estate. To survive you're going to have to learn or relearn the wisdom of our Fathers.

If you read no further understand this: Any thing is possible in the people business if the deal is good for everyone! Good in the face of reality means better off than they are. It's not easy, but it's that simple!

Bill

William J Archambault Jr

The Real Estate investment Institute

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

4 commentsWilliam J Archambault Jr • November 20 2008 08:06AM

Freedom Of Movement / Rambling

Brenda and I were out driving as we sat at a stop light we noticed the sign said $1.799 per gallon, I remarked "now it's only $1.50 high." I got to thinking about all that people especially young people are missing.

Born in the first half of the last century, I didn't grow up rich. I did grow up privileged.

New years morning 1957 found my brother Jack, our sister Shirlie, and I at my Aunt Marge and Uncle Jim's home our parents were with other relatives across the state. My Aunt and Uncle were acting strange, my Uncle took my three cousins into his den and closed the door. When they came out, they were acting even stranger. After a big breakfast my Uncle took Jack, Shirlie, and me into his den, we'd never been in there before! My Uncle's stammering would have scared us if we hadn't been 8, 7, and 6, he started out saying "there was an accident last night, no, no, your parents are ok! There was a fire last night. About midnight there was an explosion and your new home burnt down. I've talked to your parents and they can't get back here until this evening. Billy your Dad ask me to go look at it, he suggested I take you along so you can talk to Jack and Shirlie about it,"

I was the oldest. I'd known Uncle Jim all my life and yet this was the first time I been alone with him, and until we lost him nearly 40 years later it was to be the last time I'd be alone with him, sadly I remember nothing of that very long 3 mile trip.

Everything we had burnt that night except 3 or 4 changes of clothes we had with us. All I really remember was seeing my bike it's frame sagging after melting in the heat, it's big balloon tires now two streaks of soot against a brick wall. That's the only image I have of that bike.

That bike that had meant freedom! That bike that had opened the world to a boy, like all boys, living on the edge of suburbia.

It's hard to imagine the freedom of movement that bike granted a kid. Times were different, kids were safer than today, traffic was the only real danger, pedophiles were few and far between. Kids, old enough to find there way home, could be safely let out. Yes, I was privileged.

That bike wouldn't be replaced for another year. Little did I know just how much freedom that year and the next would bring. We moved to the farm just before school started the next year, that spring I got a new bike for my tenth birthday in April. Shortly there after my farther brought home my first horse! Goldie was a small Arabian grade mare, palomino most of the year, in the spring she'd show a dark brown pattern similar to chicken wire. Goldie was to change and dominate my life for the next twenty years. It took a year for me to control that horse or more correctly for her to train me. By the next spring Goldie and I had a fifty mile range on any given day, I had freedom of movement, I had independence, I had responsibility!

I was a happy kid, I was lucky, and grateful.

By that second spring, Jack and Shirlie now had horses of their own, but lacking Goldie's speed and incredible endurance, they lacked or failed to utilize their freedom of movement. We grew up so much alike, but o'so different!

I have to thank bikes and Goldie for a lot of my independence, but I can't forget gasoline! Gas and I go back even farther than Goldie and the bikes. My Father and both my Grand Fathers were fisherman, being the oldest boy (on my Father's side) I started fishing long before I was out of diapers. I learned to fish, but never really liked it. What I did love was being with those three men and their friends and a never ending love of the water.

By two I would sit in Grandpa's boat tied to the dock by a 100 or so feet of rope and row around the world, well my little world. By three I could start Grandpa's "Mighty- Mite" outboard, Mother panicked. Grandpa bought a stouter rope. By four I was allowed off the rope, I could take the boat 4 or 5 miles across the lake to my Aunt Teen and Uncle Bernard's house! Uncle Bernard taught me to drive his speed boat at 8 so I could tow my two older water skiing cousins, but the next summer Bonnie like her older sister Beth discovered boys, and they didn't need or want me around to drive or chaperone. So began my life long love affair with gasoline.

I learned to drive farm tractors and pick-ups, but that was work. For fun I built a cart to tow behind the walk behind garden tractor, that Christmas I got a set of good ball bearing wheels and an axle for my cart. Come spring with my new wheels installed I experimented with different pulleys and added considerable speed to my contraption. Dad was real proud of me until he found me going down the road at 50 mph! You see there were no brakes except the soles of my shoes. It was back to the garden for the little tractor.

We left the farm 5 years later, Goldie went with us. I was 15 when Dad replaced the car we'd rebuilt for Mother. (See: Dad's Shop) They wanted something newer for me to learn to drive in. Dad got us a Ford station wagon, a truly great choice for his family now with five kids. I finished drivers education shortly after my 15th birthday. My permit in hand and 10 months to go before I could get my license, Dad made sure I drove when ever the family was together, by my birthday I had driven well over 10,000 miles on  roads, wet and dry, ice and snow, towing trailers with and without live stock. If I went there with Mom or Dad I drove. April 16, 1964, "free at last, free at last, thank God Almighty, free at last." Mother took part of the afternoon off, picked me up at school and took me to the Sheriff's office, 30 minutes later I was a licensed driver! I took Mother back to work. According to Mother it was 3 hours later when they spotted me driving down the street with my arm around a busty blond. It's not true! Sunny was busty, but never blond.

They spotted me because while it was my birthday, Mom got the present, they picking up a new car for Mom, all to herself. (It was too, until Jack got his permit 3 months later.)

Until I finished school two years later they never asked for the keys to the station wagon. When in January 1966 I bought my own first car, Mother objected, no child of hers would have their own car until after they finished high school. Mine sat in the yard until June. Mother wanted control. She never exercised it, but it was her car and she could say no! From license to graduation that car got a lot of use, my Grandparents and grade school friends were 150 miles north, my best friends and I would often take $5 each and take off Friday nights, we saw a lot of Southern Michigan, Northern Ohio, Indiana, and even Illinois. That car was handy with the back seat down you could and we often did, seat 16 high school kids in the back, plus 3 up front. As long as we stayed out of trouble we could do just about anything, that didn't mean we didn't have problems, one Friday night 18 of us were out at the local radio station, on the air with a friendly DJ until the station when off the air at 2am, the gas tank was full, every one had chipped in a quarter to fill the tank. We were the last ones out of the building and as we were loading our friendly DJ drove away. I then backed over a rock poking a hole in the gas tank, I called Dad. Dad made 4 trips to get all those kids home, just before sunrise he came back for my best friend and I with a chain. We towed the car home, the next morning all he said was you'd better fix that tank. It's been 44 years and I'm still excepting the other shoe to drop.

I commuted to collage, 30 miles each way, five times a week. I dated two girls 150 miles apart, for 6 years. I traveled. In the six months Brenda and I were engaged one of us traveled 60 to 80 miles each way almost every night. How different life would have been with out freedom of movement.

Brenda and I continued to travel. She bought me an airplane, I learned to fly. We got a camper trailer when the kids were young. We parked it next to my horse trailer and our boat trailer. My first partner had two planes, our ability and willingness to travel made us a very valuable two some. My real estate has taken me from all over Michigan, south to Florida, west to Texas, Nevada and California.

I've had some very interesting cars over the years, but what I remember is what I did with them and with who. Where are people today going to build such memories? Where are they going to learn independence? Where are they going to learn responsibility? How are they going to take advantage of opportunity, if it's to far to walk? Are all those electronic pen-pals to remain unmet? Is the incredible beauty of Northen Michigan or Lake Tahoe to remain unseen. Are campers to be relegate to the very rich. Little cars can't tow trailers, are hobbies and sports to be restricted to what will fit in a small car? Are distant jobs to be restricted to a very select few. Is the wonder of flight to be limited to commercial planes? Is the pure pleasure of time on the water to be restricted to sail boaters?

Are we to become Europe? Or maybe Japan? Are we to become totally urbanized? Are we to live like rats in a maze? Are we to give up freedom of movement? Are we to accept a lesser life style? Is lack of free movement any different than being surrounded by chain-link and concertina wire? Are our Grandchildren to ever know the freedom we experienced? Are we to be ashamed for enjoying life?

Bill

William J Archambault Jr 

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

6 commentsWilliam J Archambault Jr • November 16 2008 07:54PM

Real Estate Gurus Doxology

Praise tenants from whom all blessings flow;

Praise tenants all landlords here gathered;

Praise tenants above free loading in-laws;

Praise father, mother, and six screaming brats.

 

From all that dwell in houses of mine;

Let my guru's praise a-rise;

Let my cheap decorator's name be sung;

Through every land in every tongue.

 

Eternal are thy monthly tidings;

And truth eternal it is thy poverty;

Thy praise shall sound from month to month;

Till rents shall rise beyond thy ability;

At which time I'll evict thee.

 

The praise tenants above home buyers;

Initial praise cause fortunes to arise;

Then praise thy tenants forever more;

Sing of rents rising in the sky and fees acuminating.

 

Praise tenants from whom all blessings flow;

Praise tenants all landlords here be-low;

Praise tenants above free loading in-laws;

Praise father, mother, and six screaming brats.

 

Amen!

Bill

William J Archambault Jr

The Real Estate Investment Institue

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

9 commentsWilliam J Archambault Jr • November 12 2008 07:43AM

Pity The Pacifist

Today is set a side to honor the veterans, it is also a good day to pity the pacifist.

Pacifist cower in fear, hoping against all reason that the bullies leave them and their's alone.

Pacifist have nothing so important, no passion, no belief worth dying for. Yet surely they will die many times before they're dead.

Pacifist have no belief, no one, no spouse, no child worth fighting for.

Pacifist incite violence, encourage war, enable despots, and depend upon the selflessness of those they despise for their continued existence.

Pacifist suffer from a mental defect, no matter how bright, no matter how educated, they fail to learn from history and nature.

Pity the pacifist, for they are in deed contemptible.

Honor the Veterans

, for while they fear, they never cower. Some have been beaten but never broken.

Honor the Veterans,

they know what's important, they know passion, they are comforted by their beliefs! Veterans die, but once.

Honor the Veterans,

they know love and devotion. Veterans love totally, with a passion that makes their love ones, their faith, and their country more important than themselves!

Honor the Veterans,

they abhor violence, and loath war, but draw a line in the sand, announcing they will be subject to no despot, no bullies, no tyrants and they will personally defend themselves, their's, and your's!

Honor the Veterans,

they know from history and nature, only the strong survive. Strength encourages peace. Once broken only strength can reinstate peace!

Honor the Veterans,

everything you have or hope to have, every aspiration, every passion is your's because Veterans fought and died to persevere your rights.

Semper Fidelis,

Bill

PS: Let us not forget those Veterans who while conscious objectors, still knew the passion and risk their lives as medics, unarmed, protected only by GI khaki and their faith.

 

Let us not forget:

I pledge allegiance to the Flag
of the United States of America,
and to the Republic for which it stands:
one Nation under God, indivisible,
With Liberty and Justice for all.

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

14 commentsWilliam J Archambault Jr • November 11 2008 06:03AM

Semper Fi / Today Is The 233 Birthday Of The Marine Corps

Today is the 233 birthday of the United States Marine Corps!

 

The smallest of the military services, and the least understood, the Marines exemplify service to God and Country. Traditionally first to fight, the Marines protect our sailors, our embassies, our very way of life, and it's said the streets of Heaven.

There is no greater patriot, no greater symbol of all that's good and great with America than the men and women of the United States Marines!

I'm honored to speak from first hand knowledge.

 Semper Fi!

Bill 

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

22 commentsWilliam J Archambault Jr • November 10 2008 12:21PM

Taking Control Of Your Destiny

I've read that 401k's have lost 20% in the last year. Wow! I wipe my bough and think, We're self employed small businesspeople, we don't have 401k's we've got IRA's. We're safe! It's amassing, how comfortably reassuring, being ignorantly uninformed is!

Most professionally managed IRA's are invested in the same faltering stocks and bonds as the 401k's!

Most professionally managed IRA's are losing just like the 401k's!

Most professionally managed IRA's are a placebo, allowing you to feel you to feel the same misguided comfort that your salaried brethren so foolishly depend on.

It's time for the eligible to take control of their destiny and switch to self-directed IRS's!

It's time for real, real estate people to get into real estate! It's time to invest! REO properties are priced so low compared to their penitential as rentals that you can't afford not buy.

We don't yet know if we've reached the bottom of the market, but can you afford to wait?

Investment rentals purchased with an eye on positive cash flow will build your portfolio regardless of where you buy. Since these are long term investments if values continue to drop, with in reason, so what? You're going to hold them until the value returns. With many good, very desirable properties now being sold for half or less than their recent high values it's likely they'll appreciate soon. In the mean time that positive cash flow, and the amortization continues to accrued tax deferred!

But, you say! What if they never go up, or continue to depreciate? Again I ask so what? These are long term investments, if they are never again worth what you pay for them, thanks to the amortization the property will eventually be free and clear! But, I can't wait 30 years to retire! Again, so what? Have your loan amortized over 25, 20, 15, 10, or even 5 years.

But! Some always have a "but," if I invest I need can't afford to put all of the cash flow into my retirement account! So customize your investment entity, your IRA can be a partner in an LLC. Your investment real estate should be titled to an LLC, owned by a well planed trust, anyway.

You have two choices: sit around and vegetate while complaining about how bad thing are, or you can rush to work each morning knowing there has never been nor is there likely to be a bigger opportunity that what we have now!

Bill

William J archambault Jr

The Real Estate Investment Institute

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org  832-259-7078 or 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.org http://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr ©The Real Estate Investment Institute ©REII

7 commentsWilliam J Archambault Jr • November 03 2008 12:44PM