Super Investor Tax Lien Seminar

If you’ve ever been to a workshop with me, you’ve probably heard me preach about the two motivators in life: (1) seeking pleasure and (2) avoiding pain. Maybe I sound like a wannabe psychologist or maybe it’s actually true.

These two motivators ultimately dictate what we do. Can you guess which one is the stronger motivator? The answer is avoiding pain. I’ve heard different statistics with some saying that avoiding pain is about five times stronger than seeking pleasure.

I say it because it is important to understand these two primary motivators in your business, investing and everything you do.

For example, you can dream of a vacation to paradise, but earning the extra money might sound too painful. You can dream of being your own boss and owning a business, but the prospect of going out on your own with no company to support you may just be too painful. You can even dream of buying your first rental property and earning cash flow necessary to support your family and retire comfortably, but dealing with a property might sound too painful.

Pain and its derivative “fear” really drive what we do. Once you understand this concept, you can use it to your benefit. When I left corporate life, I did so because the pain of cubicle life, time sheets, SOPs, and performance reviews was just too much. It motivated me to take action.

The media understand that pain and fear sells. That’s why they focus on H1N1, anthrax, terrorist plots, missing children and human suffering.

We worry so much about terrorism, for example, that we forget about the real risks in life, like heart disease, car accidents, diabetes, cancer, lack of clean water, and starvation throughout the world.

I spent the last week with my aunt (my mom’s twin sister), who I grew up with and was like a second mom to me. She experienced a life threatening aneurism that required brain surgery and after an entire week she is still in intensive care. After doing some research for my family, I was shocked to learn that about 1 in 15 of us will experience an aneurism. It may be small and not life threatening, but that sounds more like a legitimate risk.

As we approach the end of 2009 and the coming of a new year, remember that life is short. If you are going to take action, then you will have to take control of your fear. Take your fear and put it in a box and put in the closet, then get on with your dreams and goals.

Don’t forget the upcoming 10-10-10 Foreclosure Bootcamp – November 14 & 15

Now is the time to take action, put aside your fear and get in on one of the best foreclosure markets in the last 50 years. This bootcamp is hands on and our approach will be only a couple of hours of classroom education and the rest of the time will be in the field looking a properties and doing deals.

In fact, if you are only interested in learning and not actually doing a deal, then this bootcamp is probably not for you. The KC bootcamp is all about you taking action, buying a foreclosure in your name and working with us to help you rent it out and mange it.

We have room for about 7 more people, so please let us know as soon as possible: call 913-381-4520 or visit www.rogueinvestor.com and click on the Foreclosure Bootcamp link.

U.S. Real Estate, Tax Lien and Foreclosure Update – Rental Vacancy

I’ve had some questions recently about rental vacancy. This question is difficult to answer because it depends upon the rental management company, the property itself and the location within a city.

To further complicate matters, a city that is diverse like Kansas City has upscale areas and lower income neighborhoods within a short distance of one another. Government statistical data will include all of these areas as an average.

To view the rental vacancy rates for the top 75 cities in the United States , please use this link:

Note that it is useful to look at trends and not just what is happening right now. For example, the data show that Kansas City is at a 15% vacancy rate for the first quarter of 2009. This may sound high, but going back to the first quarter of 2005, the vacancy rate was 16.8%. In fact, looking at the last five years, the vacancy rate has fluctuated as follows:

So you can see that this market is fluctuating around an average of 15% over the last five years. In fact, currently it is right at its average of 15%.

Rental vacancy and unemployment are closely tied together, so I would encourage you to check out unemployment rates in the area you are considering. Look at the area in general and also the surrounding counties. Unemployment is currently at an average of 9.7%, but neighboring counties may vary from 7% to 11% or more.

If you want to take this even further, consider the location and the future prospects for labor. Is the city dependent upon one industry, such as automobiles or oil, or is it well diversified? If it is highly dependent upon oil, for example, you will be riding a wild bucking bronco. Just ask anyone who lives in Houston or Edmonton .

Lief Simon’s International real estate expo was a tremendous success. I met some wonderful people who call Panama home. I was also amazed by Panama City . The skyline reminded me of Manhattan . The countryside was also quite beautiful.

And by the way, once again the Dominican Republic received a great response. In fact, I will be visiting the DR the week of December 14th and I invite you to spend some time with Carlos, Humberto, Henry and me as we eat some Caribbean lobster and sip a pina colada or two. It truly is one of the fairest places under heaven.

Speaking of Panama , I met a new friend who has been active in Panama since 2000. He owns a place in the countryside and a condo in the city. I was fortunate enough to visit both. He is selling his condo to spend more time in his countryside house. Wow, don’t we all wish we had that problem.

For only $229,000 he is selling a top floor penthouse suite, with 2600 square feet of living space and a breathtaking view of the city. His condo occupies the entire 7th floor and has a wrap-around balcony. It can even be split into two units. This is a great deal for anyone looking to spend some time in Panama City or looking for a rental property.

If you are interested, I will put you in touch with him.

P.S. In the next newsletter, I have a special guest contributor who will be providing us with information on how to save money and in essence earn 34.5%.