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YTB Travel Network - Gina Martinelli

2008-05-27T11:28:00.000-07:00

YTB Travel Network - Gina Martinelli
Gina Martinelli. Home, Home, Flights, Flights, Cars, Cars, Hotels, Hotels, Cruises, Cruises, Vacations, Vacations, Extras, Extras, Groups, Groups, RTA Login ...

Google Web Alert for: wealthinspirationnetwork.com

2008-03-10T12:09:00.001-07:00

Real Estate Blog - Stop selling homes and start teaching wealth ...
And when done right can help them increase their net worth over their life time! www.wealthinspirationnetwork.com. Posted by Gina Martinelli on 03/10/2008 ...

Thin - www.cooking-101.com
TIMEFORTHIN.com TIMEFORTHINKERS.com TIMEFORTHINKING.com TIMEGEARCLOTHING.com TIMEHEALSEVERYTHING.com TIMEHEALSNOTHING.net TIMEHEALTHINSURANCE.net ...

Real estate... What if you have it backwards????

2008-02-14T07:09:00.000-08:00

I was showing property yesterday... the home was a short sale... very common in today's market. The owners were there moving out and loading their stuff in a hummer! What's wrong with this picture??

One solution to the foreclosure & short sale problem sweeping the nation is planning! I blame the media & false advertising.. they are constantly talking us into spending our money on things that benefit the advertiser not the hard working American’s future! "low or no down" no payments for a year! What a great opportunity... or is it???? Yes but only for the planner!

What they need to advertise is the actual amount you will have paid when it's all over.... that $65,000.00 Hummer once you factor in the interest, insurance, gas and accessories has cost you well over $100,000! and what is it worth 1, 2 or even 5 years from now??? NEVER $65,000 again! THE MINUTE YOU DRIVE IT OFF THE LOT YOU'VE EASILY LOST $10,000 TO $20,000! And it just goes down each and every year from there!

In my opinion, Hummers are for people that plan! If you think you can afford a Hummer... you can afford Real estate! Real Estate even has the perk of APPECIATION!!!!! not right away in this market... but it will eventually happen! I am not a gambler by nature.. but I would put my money into real estate then when I have cash flow and appreciation then I will buy toys!

It is just a matter of changing your thought process a little....

Check out www.myco.com

Google News Alert for: myco realty services inc.

2008-01-16T10:06:00.001-08:00

Making the Landlord Leap
True Citizen - Waynesboro,GA,USA
"If you can find a great property manager that comes highly recommended, I say use one," says Gina Martinelli, owner and broker of MYCO Realty Services Inc. ...
See all stories on this topic

Are you getting a new lease on life, or is it just a high-maintenance risk?

2007-11-30T13:14:00.000-08:00

Are you getting a new lease on life, or is it just a high-maintenance risk?

November 27, 2007

Collecting rent checks on the first of every month sounds like a sure-fire way to make big money in real estate, especially in today’s housing climate. But owning and managing a residential rental property can be a difficult and stressful responsibility that isn’t for everyone, say the experts.

“Unlike passive investments such as securities, rental real estate is a business that requires at least some hands-on involvement from the owner,” says Vena Jones-Cox, past president of the National Real Estate Investors Association and host of NPR's “Real Life Real Estate Investing.” Investments don't call you up in the middle of the night to complain that their toilet won't stop running.”

Nevertheless, “now is a great time to consider buying a rental property,” she says. “Interest rates are still low, and there are a lot of desperate sellers - and therefore, lower prices - in the market. And where do you think the people who aren't buying homes or being foreclosed on are living? Rentals. Rents are up for the first time in five years.”

The first decision to make before considering purchasing a rental property is what the primary objective of the acquisition will be, says Paul Haarman, co-founder and vice-president of Renaissance Mortgage, Salem, N.H.

“Are you buying the property for income, capital appreciation or a combination of both?” asks Haarman. “An important factor that will help drive that decision is how long one is planning to hold that property. Additionally, at what pace have properties been appreciating, specifically properties like the one you are considering buying?”

While any type of person can invest in residential housing, the right candidate must be patient, realistic, tolerant of risk and familiar with business practices, say the experts.

“This may sound silly, but if you enjoyed playing Monopoly as a kid and had the tendency to win, you are a prime candidate for this business,” says Haarman. “This is, after all, real life monopoly. It's about strategy, patience, timing and recognition of opportunity. This is not for the faint of heart or the financial jellyfish who are ready to bail at the first sign of trouble. However, this is not rocket science, and anyone can do this, providing you understand what it is you're dealing with and the rules of the game.”

Another significant determination to be made before taking the landlord plunge is to estimate what your property of interest will rent for, says Robert A. Ferree, Jr., an agent with RE/MAX Southeast, Denver. And that means doing extensive homework on the building or residence you're considering and evaluating comparable rents in the surrounding area.

“The location of any given property is most important,” says Richard Kurtz, CEO of Kamson Corporation, an apartment management firm in Englewood Cliffs, N.J. “You want to know about the basic city or municipality, government, school system, et cetera. A continuance of rent comparables in the given area is very important.”

“On the whole,” says Jones-Cox, “a lower-income neighborhood will tend to involve higher management and vice versa, although there are good and bad tenants in every income bracket. A low-income or declining area might actually create a higher monthly income, because properties can generally be purchased at a lower price versus the gross rents. But it will not appreciate nearly as much as a more middle-income area. High-income areas result in tons of appreciation, but because of high house prices [they] may have low or even negative cash flow.”

Cash flow, in fact, is the area where many rental property owners go astray, Jones-Cox says. Many assume that if the rents are higher than the principal, interest, taxes and insurance payment on the property's mortgage loan, “then they're making money. In reality, the expenses not including PITI are in the range of 20 to 40 percent of the gross rents.”

Before hunting for a mortgage loan, “be in the position to at least have enough money to cover roughly 25 percent of the purchase amount, which will be ample funds for a down payment and closing costs and escrows of the property,” Haarman says. “Much to everyone's disbelief, the days of no or minimal money down are gone due to the stringent and tightening lending requirements recently imposed by lenders. Although creative financing options are still available through a combination of what a lender is willing to provide and concessions made on the part of the seller, most lenders are squashing these from happening.”

Lenders today require a credit score of 650 or more for a rental property mortgage, says Jones-Cox.

What's more, says Haarman, “most lenders are now looking for roughly six months' worth of cash reserves to covers six months' worth of total monthly expenses to cover the PITI after the transaction has been consummated.”

With that in mind, says Ferree, ask yourself if you will “have enough money to survive if it is not rented for three months, what happens if it needs some sort of emergency repair and do you have the commitment to doing the required work involved and the tolerance for some risk?”

Ferree says the risk is determined by the amount you put down or the leverage that you require to obtain the return that you want. “I look for a 10- to 20-percent return,” he says.

Another essential consideration is whether or not to hire an outside person or firm to manage your property.

“If you can find a great property manager that comes highly recommended, I say use one,” says Gina Martinelli, owner and broker of MYCO Realty Services Inc., Santa Rosa, Calif. “If you are just starting out, I believe it is good experience to do it yourself with the help of a mentor. You can put simple systems in place to handle problems as they arise, and it will increase your monthly cash flow by not paying a property manager.”

Haarman says that it's crucial to assemble a team of professionals to help get you started prior to purchasing a rental property. These pros include a seasoned mortgage planning professional who specializes in investment real estate, an expert real estate attorney, a CPA with a sizeable clientele of real estate investors, a knowledgeable property insurance agent, a veteran Realtor whose expertise is investment property, and a good financial planner “who understands and can appreciate real estate as an integral part of your investment portfolio,” he says.

Ultimately, Ferree says a good rule of thumb when it comes to owning and managing rental property is “more work, more return. All types of property have advantages and disadvantages, and you must find the one that fits you at this time in your life.”

Finally, Martinelli says to think hard about “how this investment will bring you closer to your dreams and desires. You may have to sacrifice a new expensive car or gadget now, but the future reward of a positive net worth, which in turn brings security, freedom and early retirement, is worth the wait.”

The Rich Get Richer in Today's Real Estate Market

2007-11-01T07:46:00.000-07:00

The Poor and Scared wait for "The Right Time" or "Someday"...

Are you frustrated because you can't seem to get ahead financially??
Are you concerned that your children won't be able to buy a home in Sonoma County when they grow up?? You are NOT alone!
Unless you can live your current lifestyle without your current job, you MUST be at the Windsor Community Center Nov. 2nd.

The answers you've been searching for...

Learn techniques of millionaire real estate investors.
Learn to create a safety net accumulating wealth with real estate.
Now is the time to act while the market is in uncertainty!

FREE Event Friday Nov. 2nd, 6pm

Invite everyone you know that has teenagers or young adult children.
Our Multi-Millionaire Speakers started buying Real Estate as early as 20 years of age... Learn what they did. Anyone Can Do It!!

Join us at the Windsor Community Center
901 Adele Drive near the Huerta Gym Downtown Windsor

Curious if this event is for you??
FREE recorded message especially for YOU at
(888) 710-0824 ext. 77

www.WealthInspirationNetwork.com
Seating is extremely limited!
Sponsored by: Matt Riveras & Gina Martinelli

Wings Over Wine Country

2007-08-14T11:23:00.000-07:00

Pacific Coast Air Museum's 2007 Air Show
"Wings Over Wine Country"

Schedule:

AUGUST 18 & 19
Saturday: 9:00 - 4:00PM
Sunday: 9:00 - 4:00PM
General Admission: $15
Seniors: $10
Children: $5

Summary:

Antique aircraft, warbirds, and modern day aircraft will perform flybys and be parked on the ramp for an up-close and personal look.

More Information:

One of the exciting features of the Pacific Coast Air Museum's (PCAM) "Wings Over Wine Country" Air Show is the opportunity to touch and feel the awesome power and might of these historic machines which have meant so much to our great nation's history. Military flybys inspire you with their precision and power and some will be on static display when not in the air. Visitors will have a chance to climb aboard a jet fighter or walk through an open cargo/transport plane.

Phone: 707-575-7900

Web Page: http://pacificcoastairmuseum.org/

Age Suitability: All Ages

W.I.N. Realty

2007-08-13T06:35:00.000-07:00

W.I.N. Realty (formerly known as MYCO Realty Services Inc), your trusted advisor, education source and community for life! W.I.N stands for the Wealth Inspiration Network.

Our Mission is to educate, inspire and increase the net worth of our clients.

Our Vision is to see our community fulfill their wildest dreams with the wealth, freedom & security they create with a new mind set, simple systems & accountability.

We believe in the law of attraction, we attract wealth, success, & happiness into our lives, so your affiliation with us naturally attracts these qualities to you.

~ Matt Riveras Co-Founder

~Gina Martinelli, Co-Founder

“This company was founded upon the belief that through guidance and education one can do the ordinary and create extraordinary wealth. We know because we started out just like you."

Welcome to the Town of Windsor

2007-08-13T06:19:00.000-07:00

Welcome to the Town of Windsor. Your passport to a quality life. WindsorLiving.com, with all of its services, is readily accessible to you on this website. It is our goal to develop a comprehensive and valuable resource for anyone seeking information about our Town. The staff at WindsorLiving.com is always eager to assist you. We strive to make Windsor a wonderful place to live, to raise a family, and to do business. We hope you visit often.