Saturday Morning
Sunday, September 25th, 2011Saturday Morning
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![]() Kringle’s Cocoa Shop Department 56 Christmas Snow Village Saturday Morning 54902 US $39.99
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![]() Dept 56 Saturday Morning Downtown Start A Tradition Set BRAND NEW NEVER OPENED US $69.95
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![]() Tom Clark THE BEAR TRAK 31 GNOME Tracking Animal Cane SIGNED 1984 Cairn FOREST US $43.00 |
![]() Department 56 Snow Village Start a tradition set US $58.00
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![]() SNOW VILLAGE SATURDAY MORNING DOWNTOWN 2 HOUSES ACCES MIB NO RESERVE US $45.00
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![]() Enesco Jim Shore HWC Patriotic American Flag Angel Figurine 4016965 NIB US $52.00
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![]() Harry Potter Chamber of Secrets Waterglobe Water Globe NEW NIB US $84.99
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![]() Jim Shore Disney Traditions Dream Inspirational Cinderella Figurine 4027139 US $29.99
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![]() Dept 56 Snow Village Saturday Morning Downtown 54902 ★NIB★ US $66.49
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![]() Enesco Foundations Little Angel Riding Bird Figurine Karen Hahn NIB 2011 4025824 US $14.99
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![]() Enesco Foundations Little Angel on Leaf Figurine Karen Hahn NIB 2011 4025823 US $14.99
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![]() Looney Tunes Saturday Morning Cartoons Christmas Orna US $24.99
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![]() 1987 Samuel J Butcher Precious moments Sending you my Love figure US $8.99
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![]() Hallmark 35th Anniversary Midge Ornament 1998 US $14.99
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![]() Dept 56 CIC MUSIC EMPORIUM MIB US $38.50
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![]() Original Goebel 1977 Joy to the World Christmas plate PERFECT CONDITION US $22.99
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![]() Norman Rockwell The Toymaker 65 Collector Plate 1984 Official NR Museum US $6.99
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![]() Rockwell Christmas Plate 1975 Christmas Morning US $19.95
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![]() Dept 56 SNOW VILLAGE SANTA COMES TO TOWN 1998 MIB US $22.50
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![]() Dept 56 SNOW VILL GOING TO THE CHAPEL NIB US $18.50
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![]() Dept 56 SV THE WHOLE FAMILY GOES SHOPPING NIB US $16.50
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![]() Dept 56 CIC RED BRICK FIRE STATION MIB US $46.50
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![]() BEAUTIFUL VINTAGE DEPARTMENT 56 CERAMIC THANKSGIVING TURKEY DISH BOWL US $17.00
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![]() LOT Hallmark Keepsake Ornament PEANUTS GANG MAGIC CORD Light Sound Interactive US $49.99 |
![]() 2011 Hallmark Keepsake Ornament JIMINY CRICKET Disney Pinocchio Magic Light NIB US $14.95 |
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![]() Seraphim Classic Angel Diana 1997 Heavens Rose MIB US $65.00
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![]() Seraphim Classic Angel Grace Born Anew 1997 MIB US $65.00
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![]() Dept 56 Dickens Village A Christmas Carol Morning 55883 ★NIB★ Y44 US $17.66
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![]() Norman Rockwell The Painter Collectible Plate Knowles Limited Edition US $3.00
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![]() Norman Rockwell The Gourmet Collectible Plate Knowles Limited Edition US $3.00
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![]() Norman Rockwell The Professor Collectible Plate Knowles Limited Edition US $3.00
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![]() Norman Rockwell The Music Maker Collectible Plate Knowles Limited Edition US $3.00
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![]() Norman Rockwell The Tycoon Collectible Plate Knowles Limited Edition US $3.00
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![]() 1980 Jonathan David Enesco Imports Isnt he Wonderful Shepard Orniment In Box US $8.99
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![]() 1981 Collectors Club Membership Plague First Year Renewal Jonathan David US $17.99
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![]() American Greetings Precious moments Enesco Covered box w two sided lid for MOM US $17.99
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![]() Saturday Morning Downtown Snow Village Start A Tradition Dept 56 D56 SV US $147.00
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![]() 1996 Precious moments orniment boy with box of orniments US $9.99
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![]() 1996 Precious moments orniment Boy hanging stockings US $9.99
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![]() 1995 Precious moments orniment Boy decorating tree US $9.99
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Come Saturday Morning - (re-posted)
(Part 1 ) Basic Real Estate Investing Strategies I Learned From My Mother-In-Law by Stew Spence
My mother-in-law was the best house buyer I ever saw. Her hobby was buying houses. Little did I know she would teach me basic real estate investment strategies would last a lifetime.
Every Saturday for about 40 weeks out of the year, she would go to For Sale by Owner (FSBO) open houses in two or three nearby neighborhoods. She started doing this when she was first married and continued long after her Air Force husband retired from the military.
So, when Uncle Sam moved them every 17 to 30 months, she would start up a new portfolio of houses. Even before they were completely unpacked, she would be out on Saturday looking at the neighborhoods. She knew the neighborhoods better than any realtor you ever met.
These were medium family neighborhoods that she had already scoped out, so they didn't have rusting cars jacked up in the front yard or any other similar eyesores. Even when my father-in-law retired and they were living in Orlando, she still went out almost every Saturday.
By that time, I was asking her about her FSBO drive-bys, so she said, "Why don't you just go with me so that you can take a look and see what I do?" That next Saturday morning, she picked me up about eight o'clock in the morning and we headed out. She had her newspaper with all the FSBOs circled and she knew where every one of them was located. We walked into the first house about nine o'clock. She spotted the girl who was showing the home and asked her, "What do you want for this house?"
Key Point - This question allows you to determine if the property is priced realistically--no more than 10% over market value for that neighborhood and for that particular model.
When sales were published for the little two or three subdivisions that were her farm area, she read religiously. So, when she asked how much, she already knew the correct answer. If you didn't, she would turn around without a sound and walk quickly out of the house.
This happened at the first house we visited. When the woman answered incorrectly, I was busy looking around before I realized that she wasn't there anymore. She was in the car before I even got out of the front door.
When we got to the next place and she asked her first question, I saw the movement out of the corner of my eye. This time, I was right behind her. It seemed so strange, but she didn't thank anyone or ask if they would take less--she just turned around and left.
When we arrived at the third house, the owner, Mrs. Moore, greeted us. When my mother-in-law asked the now infamous question, Mrs. Moore said $71,000, which was the correct answer. Since it was almost exactly the price that was on the model house for that neighborhood, we knew she wasn't overpricing the property. You could tell that she was trying to sell it quickly.
My mother-in-law didn't leave the house, which was a good sign, but she gave her a few seconds to breathe before she finally asked, "If I paid you $71,000, how much would I have to pay down to your mortgage so I could just take over your payments?'
Key Point - This next question lets you discover what the equity is in the property. This is another basic real estate investment strategy because you want to hear that there's lots of equity because you would like the seller to have some "monopoly money." At least 40% equity in the property is preferable. In fact, it would be great if nothing were owed on the property, because you wouldn't have to contend with any loan issues.
So, Mrs. Moore had the right answer both times. She said that she still owed $15,000 on the house and that she was one of the first people to buy in the subdivision. My mother- in-law actually smiled.
Learning these basic real estate investment strategies will help you accurately assess whether a property is a good deal or not. Stay tuned for part two of this story in a forthcoming article.
Stew Spence invites you to learn to earn high and even INFINITE returns investing in commercial r.e. with a group (on money you used to have sitting in pathetic CD's at 4% or less) when you become a Select Member with America's #1 Real Estate Network today! Join us for an upcoming educational presentation online to get information or to get started now: residential real estate investing
About the Author
In 1989, Stew Spence became a full time real estate investor, and has bought, sold or been on the business end of hundreds of real estate transactions, both large and small, numerous diverse types of transactions totaling over $40,000,000 including commercial, mobile home park, multi-family, and condo conversions. Now semi-retired, Stew is still an active investor and has trained thousands to succeed with real estate. Today, he is also retained as a Board of Advisor member with HIS Real Estate Network, residential and commercial real estate buying group.


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