August 1st and 2nd will be the dates of my FREE Los Angeles event. There is still time to register, but space is filling VERY quickly! So make sure to claim your spot now. This is my last FREE LA event scheduled for the YEAR. Do not let this year pass you by without taking advantage of this unique opportunity to gain crucial education for this new market to build a new life for you.
Register HERE, or click the image above.
The almighty king of all real estate in Las Vegas, City Center, is continuously facing major problems leading up to it’s opening late this year. They have fought through everything from bankruptcy to an internal legal feud. They are now having to face furious early investors. This state of the art hotel, condominium, and shopping development is the most highly anticipated structure to hit Vegas in Years. It has been in development for many years. Everyone wanted a residence in the building. This was apparent early on back in 2006 when many contracts were signed, claiming the condos. But today, the value of those condos has, obviously, significantly dropped, creating financial chaos. A lawyer has been hired to represent many of these buyers who are demanding that the prices be brought down to what is reasonable in today’s market. It is an incredibly difficult situation because this property cannot afford to lose out on more money, but they certainly can’t afford to upset their best clients. This is just one of many examples of properties in trouble because they set out to build extraordinary things when the market was booming, and now have to face today’s economy. What do you think about this? Should they cut these early buyers some slack? Or should they just accept that it was a real estate gamble gone bad? We all know there are no guarantees in life, that’s why we have contracts, but also why we have lawyers!
A couple weeks ago I wrote a blog about useful iPhone applications for real estate investors, the first one I wrote about was Zillow. This is the application that uses GPS to determine your location, and as you drive, it tells you the estimated real estate values for the homes in the vicinity. It is a great application that can give you quick insight helping you gain the edge you need. Well, the people that make this application have a site offering real estate education and advice that has traffic growing 67% in just the first half of the year! This is very interesting because it shows how many people are eager to get involved in the real estate process. It is comforting to know that people are taking matters into their own hands, however, I would warn them on receiving their education solely from a website that can have many contradictory opinions and advice. Real estate is becoming more and more relevant for everyone, no matter what you do, and you have to be smart about the decisions you make. People are really coming to realize this and the education is priceless. I would encourage everyone, no matter what field you may be in, to gain real estate education to invest into your future. While having sites like this one available is great, please go the extra mile to make sure that you do not get scammed or make bad choices in this market.
I would like to invite you to attend my FREE upcoming event. I am not dispensing advice from behind a web page. I will be there in person teaching you what works in this new market. No experience is necessary; please take advantage of this unique education. There are no strings attached, no obligations to fulfill, just valuable education in a positive and caring environment. If you are experienced, I can still guarantee that this event is going to help you tremendously. So keep up the research and protect yourself by attending this event to make sure that your real estate future is bright!
There was a new study released on Monday by the American Institute of Architects, which revealed that Americans no longer desire larger houses. Only 4% of those surveyed said that they would like more square footage in their homes. Last year, this same survey had close to 20% longing for a larger property. It is interesting to see how the mindsets of Americans have adjusted to the times. Most have come to realize their needs over their wants, which is a very humbling thought. Of course, it is most likely that this idea will shift again once we are out of the recession, but for now, it is definitely a sign of the times. This news is great for real estate investors buying more modest homes in suburban areas; you can really work this market because these smaller homes, averaging 2,300 square feet, are the ones being built right now. They are also the properties available to be saved through short sales, foreclosures, and all other cases associated with this economic downfall.
I hope everyone is ready for my FREE Los Angeles event July 18th & 19th, I know I am! You really don’t want to miss out on this valuable education, hurry over to www.jtfoxxlive.com to claim your spot because space is VERY limited! Early registration is highly recommended.
Well, I am willing to bet, not as valuable as this particular one in Boston. A parking place in Boston’s upscale Back Bay section has sold for $300,000. This was the concluding price after bidding took place because $250,000 was just so reasonable that more than one person wanted it. It is no secret in this neighborhood that parking is hard to come by because of the popular public garden. The winning bidder was not identified, I’m not surprised. I hope that that parking place works out for this person, but couldn’t it have at least been in a parking garage?
Isn’t this one of those stories that just makes you ask “What recession?” Yeah, me too.
Check out the golden parking place here
Yesterday we learned of more tragic news with the sudden passing of infomercial legend, 50 year-old Billy Mays. We all loved watching him pitch so many amazing products, he did it like no one else. You certainly couldn’t miss him! Every commercial he did would leave the majority of people picking up that phone, mostly because of his amazing energy. I had just talked to Billy a few days ago; we were planning for his appearance on my radio show in a couple weeks. I was shocked and saddened to hear the news of his passing. He was a great inspiration to me and many of you. My condolences go out to Mays’ family and friends. He will always be remembered, may he rest in peace.
Last week was a very sad week for the entertainment industry. It began with the loss of Ed McMahon, then Farrah Fawcett, and ended with the loss of Michael Jackson. These three people have touched many lives around the world and have certainly had a hand in molding the pop culture we know today. The shocking news of Michael Jackson’s death had every news outlet dedicating their airtime in remembrance of the “King of Pop”. I could not help but to notice how many times they would speak of his financial problems, especially those associated with the infamous piece of real estate known as Neverland Ranch. But we were not only reminded of Michael’s problems, but McMahons recent troubles as well. This really shows that anyone can fall victim to this economy and it is so important to educate yourself on your finances no matter how rich or poor you may be. The real estate world is a buzz about whether Jackson’s properties resale prices will be hurt by his tragic death. Many believe it will. With Neverland Ranch being bought out earlier this year and saved from foreclosure, it is still and always will be associated with Jackson. I am sure many would like to see Neverland turned into a museum like Elvis’ Graceland in order to take a look into the life of an icon. Please, take charge of your finances and financial investments; know what you are doing with your money and where it is going. One should never have to be remembered, even in part, for poor financial choices when the education is always available.
May Ed, Farrah, and Michael rest in peace.
Here is an interesting article on what some Real Estate experts that deal specifically with Southern California properties have to say.
This weekend only I will be in Chicago speaking about how YOU can invest in today’s Chicago market. I am so excited to share this crucial information with you and help you acquire that edge that you have been longing for! This is a new market and it is so important to be ahead of your competition, invest in your education to ensure that you are not left behind, and get AHEAD. Here are just a few subjects I will be discussing:
-How to invest in real estate without using ANY of your own money
-How to partner your way to millions in real estate, even when banks are not lending.
-How to evaluate a real estate deal in today’s Chicago market in less than 3 minutes
-How to effectively FLIP properties in today’s Chicago market.
-How to develop the right mindset and overcome all of your fears.
-Focus MORE and procrastinate LESS
I will not only show you what I have done and am doing, but what my students are doing SUCCESSFULLY!
Don’t miss out on your last chance to register! Head over to www.jtfoxxlive.com and claim your spot to invest in your future.
I am very excited to be a part of this awesome event in San Diego this Sunday June 28th. Recession Help Expo is a FREE all day event with the goal of helping everyone affected by the recession. This event will provide resources, opportunities, aid, assistance, and information during this difficult time for many Americans. We are not waiting for a government solution. We’ll have outreach agencies, non-profits, entrepreneurs, assistance programs, and private sector help giving real answers to today’s problems. This is an event you should not miss. You are responsible for your own future. This weekend get the answers, support and help you deserve. This is the first event of its kind, and it is one that you cannot miss if you are in San Diego. The exhibitors, speakers, and volunteers coming together for this event are leaders that are thriving in this economy. They get it, and they will help you to get back on your feet and never look back. Don’t miss out! It will not only be educational and helpful, but it will be fun! If you bring your kids along, they will be able to go on the Star of India and all of the San Diego Maritime Museum Historic ships & USS Midway FOR FREE! So come on over to the Holiday Inn right on the bay of San Diego and enjoy the day knowing you will leave ready to face this recession head on! Again, the expo is this Sunday, June 27th 8:30 am – 6:30 pm. I will be speaking during the 3:30-4:30 Workshops, so make sure to stop by for some helpful information that everyone can utilize.
RECESSION HELP EXPO
Holiday Inn On The Bay
1355 North Harbor Drive