Maria Gudelis

On to lesson II of what I learned from the enlightened wealth institute. 

2.  The Power of YOUR Mindset -  When it comes to being an entrepreneur, it can be very daunting to face your F.E.A.R. (False Evidence Appearing Real) and I vividly remember Karen Nelson Bell sitting down with me on a personal one-to-one discussion in 2003 where she laid it out plain and simple that you MUST visualize your future as today and even write a letter to Robert Allen or your loved ones as if it was three years out and here is the exercise:

• Write the letter in your positive, “I’ve achieved all my dreams possible”, state of mind and invoke ALL five senses in your letter.  For example, describe the smooth grip of your leather steering wheel on your red convertible corvette as the wind brushes your hair and the sun caresses your skin as you roar down the pacific coast highway toward your 5,000 square foot home overlooking Laguna Beach”

More than five years ago I took my first real estate investing course, the  enlightened wealth institute workshop and after those 3 intense days…my first thought was “Why the heck don’t they teach this stuff in high school, college, or for goodness sakes…even MBA courses!”. [Read more]

Foreclosure is just one of those areas. It was Robert Allen who said “More bargains are available in the area of foreclosures than in any other area of real estate.” (Multiple Streams of Income - p.157)

Some of you may know that one of the keys to making my first million in real estate was research and watching for economic trends of an area.  For instance, in the early 2000s…I’ve never visited Las Vegas yet I fully moved there just for the real estate market!Fast forward to today, I do see great trends for a few areas and each area has a specific ‘real estate investing’ tactic required to create wealth for you.  Let’s look at one trend some of you may know I’ve been watching for over a year now.  That trend is the foreign investment in other countries and fractional real estate.  My trip last fall to Ecuador to investigate in-depth with real estate developers the ‘lay of the land’ so to say of Ecuador real estate showed me that indeed, Ecuador is the where Costa Rica or Mexico was 10 years ago and I believe it is time to seriously consider buying real estate in Ecuador.

Now…let’s go to the ‘great sign’, just released today is a press release from Delta Airlines how they are adding more non-stop flights to Ecuador.  You can read the press release by clicking here, and  the interesting trend is that while airlines are closing or decreasing certain flight routes… here is a major airline investing into the routes to Ecuador!

Hope you enjoyed this post, Maria Gudelis

©PA / R. Naden

Now this post may seem odd on my site about real estate investing and using Web 2.0 to increase your profits but after watching such a thrilling match between two champions, Nadal and Federer, I just had to share a key thought.

You see, the one thing Nadal attributed to ‘Why he won’ was his repeated answer to the interviewers, “my positive attitude”.  If anyone was lucky enough to see the epic match between two highly respected athletes, you would understand his answer as indeed, mindset is what can make or break a championship match.

The same applies to your life and how you live through each day in your entrepreneurial business.  No matter what the challenge, a positive attitude wll make the difference for you!

Well - one may really ask that since we keep seeing real estate in the U.S. declining in value.  I’ve seen just in the last two months, one home go down $20,000 in value.  One of the key things hurting the values in a given neighbourhood are the short sales that then bring in the comparables down quite a bit.

For instance, if you see a home worth $300,000 and in the neighbourhood 2 short sales happened where the bank accepted an offer of $250,000 for a $300,000 worth home - they did so as they are motivated to get it off their books as no bank wants to keep a non-performing asset.  So the downward spiral into Dantes’ inferno of real estate price declines keeps on going because the foreclosures are steadily increasing in this economic environment and the ‘teaser’ rate loans that are adjusting to ‘fixed’ rate, omg I can’t afford this mortgage payment anymore!

So what is real estate investor to do when the equity you think you may have might keep going down?

The key is to know what the demand is for property in that area and that is not as easy to discover as the supply of homes are.  If you have a qualified buyers list wouldn’t that make you feel much safer in your real estate investments and take your risk out if you have a buyer before you even contract that property?

If that is of interest to you, check out how to get your real estate buyers’ list going by visiting virtual real estate investing and marketing system

Hi, Maria Gudelis here and I just had to blog about some shocking news - I’m not sure how to take it as I know in the real estate frenzy heyday, Countrywide would loan money to anyone with frankly, a pulse!  However, I’m not a huge fan of blame and lawsuits flying around when everyone’s hand was in the cookie jar of greed!

An excerpt from the breaking news by Reuters:

“Florida sued mortgage lender Countrywide Financial Corp (CFC.N) on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.

The Florida attorney general filed the lawsuit, which names Countrywide Chief Executive Angelo Mozilo as a defendant, in state court in Broward County, Florida.”

To see the entire article, click here.

Enjoy reading,  Maria Gudelis

Dubai anyone?  That is where the timeshare and fractional ‘players’ are going to but don’t forget the great deals to be made in the fractional real estate segment in great areas of the United States like California, Las Vegas, Florida and any sun or ski destination! [Read more]