Build Equity & Net Worth

Build Equity & Net Worth Fast!
Buy a Second Home.
Secure Retirement Income!

It's official. Second homes are selling like
the proverbial hotcakes. According to a report
by the National Association of Realtors, 23%
of all homes purchased in 2004 were bought
as investments. Another 13% were vacation
homes. There was a record of 2,820,000
second home sales, up from 2,420,000 in 2003.

Investment property and vacation homes
account for more than one-third of residential
transactions. Each year it has been increasing!

People recognize that its nearly impossible to
use a cash saving plan anymore, no matter
what the purpose. Saving for the kids college,
for your retirement, or to merely pay down the
mortgage on your current home can best be done by owning a second income producing
property.

The idea is to buy low and of course sell high and when you rent it out,
you have the luxury of someone else paying your mortgage as the property
appreciates.

"Real estate has always been a solid, safe, tangible investment," declares Christine Hrib
Karpinski, author of How to Rent Vacation Properties by Owner: The Complete Guide to
Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment.
"First, it usually appreciates in value.

Also, there is a sense of control that doesn't exist with, say, the stock market. When you own
real estate, you can feel confident that someone else's unethical decision won't cause you to
lose everything. And, of course, the rental factor means that you can actually earn income
from your investment."

However, "buying a home for investment purposes is very different from buying a primary
residence," asserts Beryl Gosney of Preview Properties Inc., a well known real estate company
in the Pacific Northwest! "You have to understand property management and have a feel for
financial management (depreciation, income and expenses ratios, capital gains, 1031 exchange,
to name a few. An entirely different set of considerations when making your decisions!

The typical homeowner,
who has never owned a second property,
is not where you go for advice.
It's FREE by merely asking Beryl Gosney
(an experienced investor who works real estate for a living!)

So, the first thing I would suggest is research, research, research. Know why you want
to buy and what you want from the experience. Be realistic about both costs and expectations.
And find a great real estate agent to walk you through the process.

BERYL GOSNEY would love to work with you!

Important Note: Be sure to read the CNN article below. It proves that anyone can
build net worth and become a millionaire. It takes knowledge (which Beryl can
give you), it takes the ability to make a decision, and the fortitude to ACT on that decision!

Homeowners in Western Washington who have an investment property for sale,
or homeowners who merely want to invest in another property themselves, please call:

BERYL GOSNEY of Preview Properties 425-344-2222 .

Visit Beryl's websites at:
www.preview-property.com or www.previewpropertiesonline.com

As a leading agent on Internet, Beryl has the knowledge, skills, and abilities to guide you down
the appropriate path to make it happen. He will treat your transaction as though he was making
the purchase himself!

IMPORTANT NOTE: Generally (unless you intend to rent it out) buying a vacation property
will require the homeowner to pay the mortgage, taxes, and insurance entirely themselves.

Of course, if you rent it out for others
to vacation in, and run it as a business,
then the vacation property located in a
popular vacationing area, (Hawaii,
Orlando, or on or near popular
lake/ocean/bay/ misc water/golf course
/skiing resorts throughout the country)
would be a good investment.

The least financial risk would be
ownership of a "rental property" that is
within a few miles where you live.

Assuming there are not excessive maintenance issues with the property, not only would the
property build considerable equity, but the payoff of the mortgage would be accomplished
from the rental income you take in.

Based on todays (2005-2006) annual appreciate rates in the 8 counties of Western
Washington I serve, its conceivable a homes value could double in price in 7-10 years
or even less.

Regardless, the only cost out of your pocket for the second home should be just covering
the initial down payment and closing costs, typical annual maintenance, and maintaining
occupancy with creditable and reliable tenants.

Tycoon in the Making "This could be you or anyone you know... you just have to have the fortitude to have a plan, make a decision, and ACT!" ...Beryl Gosney Mary Buenavenura didn't start out to make a million on real estate -- it just worked out that way. By Les Christie, CNNMoney.com staff writer More Millionaires In the Making NEW YORK (CNNMoney.com) - Call her "The Accidental Tycoon." When Philippine-born Mary Buenaventura first started buying second homes, she didn't intend to become a real estate millionaire -- it just worked out that way. "My prime goal in the beginning was simply to have a nice vacation home," she says. Maybe so, but now she owns three single-family homes and two condos, and has equity is the seven-figure range. When Buenaventura came to the United States in August, 1984, she brought excellent English skills and quickly got work as a clerk. That lasted a couple of months until she found a job as a legal secretary. She's worked in that field ever since. She bought her first home in 1987, a town-house condo in Norwalk, Calif. But that was the year she had her first child, son Charles, and as a single mother, Buenaventura says she wanted a real house. "I sold the condo after less than a year," she says. This was during the late 1980s housing frenzy, and the condo had appreciated 50 percent, to $120,000, during the short period she owned it. She applied the sale profits to a three-bedroom, two-bath nearby, where her family -- daughter Andrea arrived a few years later -- lived for 12 years. When she sold it in 2000, the price had appreciated much more modestly than the condo had, just $45,000 more than she paid. Catching the Wave By 2000, when Buenaventura moved her family into their current home in La Habra, in Orange County, real estate was flying again. She got in under the high-wire, paying just $237,000. The home value has increased to $750,000. Her first non-primary home purchase was a one-bedroom cabin near Big Bear, in the mountains out past San Bernardino. She bought it for family vacations in June 2001 and she paid $63,000. The family only used it for a year or so before her children rebelled. "You know how kids are," she says. "When they're younger, you can just tell them to pack up. But when they got older they wanted to stay home, close to their computers and their friends." Before that happened she had bought another cabin, intending to rent it out, not far away, for $75,000. In 2002 she refinanced the La Habra house and her bank offered her enough extra cash to pay off the Big Bear property. She then took out another mortgage on the cabin and used the money to buy a condo in Palm Springs. She has since sold both cabins, but still owns the condo, which she rents. Meanwhile, on the work front, Buenaventura flourished. She's now a paralegal and trustee administrator specializing in bankruptcies earning about $70,000 annually. Getting Serious The spark that really got her into serious real estate investing came with a pair of condo purchases in 2003, one on a golf course in Long Beach. It cost $219,000. That one, at least at first, did not work out well. "It was a one bedroom and I found I could only get about $1,000 to $1,100 in monthly rent. Condos that size on the golf course were not much in demand as rentals," she says. Fortunately, they were in demand to buy. She sold it for $280,000 and used a 1031 exchange to purchase another Long Beach condo, one closer to the commuter train line. She paid just $145,000 and rents it for $800 amonth. "Those condos were a good lesson for me," she says. "The one near the train line was in an area where everybody walks, takes the metro or the buses; it was much more rentable compared with the golf course. There, only people in the higher end lived and they wanted to buy, not rent." That experience caused her to really start thinking about real estate in bigger terms. "The Long Beach deals really stirred the pot," she says. "I began to think, 'If I can do this all the time, that'd be great.'" So she plowed back the surplus cash from the sale into another investment property in North Las Vegas. The $190,000 house has since gone up in value to about $270,000. Home Study Course Buenaventura intends to hold onto to most of her homes long-term, which makes positive cash flow from rentals an important aspect of her investment equation. She recognizes that she can't just count on real estate prices going up. "One of my prime concerns when I investigate a property is, 'How much can I rent it for.' Then I look at maintenance costs and taxes." If the numbers don't fall into the plus column after expenses, she looks elsewhere. She has added another single family home to her portfolio, in Utah. And she also bought a condo in Renton Washington, but she quickly sold out after experiencing trouble renting it. She still made $27,000 on that deal. Overall, Buenaventura has cleared more than $220,000 in gross profits on the properties she has bought and sold. And she figures current equity in her retained homes at more than a million. Meanwhile she has returned to her original interest -- vacation properties, only now she's buying time shares on the secondary market. She bought a week at a condo in San Diego for $2,300 recently and another in Cabo San Lucas, Mexico for just $350. "I'm planning a trip down to Cabo in a few weeks," she says. Don't think she won't take a look at some properties while she's there. CLICK HERE (for a life changing event!)

Reaching Your 7-Figure Dream?

How Does An Ordinary Person
With An Ordinary Income,
Reach Their Seven-Figure Dreams?

First, They Own Their Own Home!

by Beryl Gosney,
Preview Properties Inc.

Do you know, 69% of Americans in this
country already have met the prerequisite
to becoming a millionaire! YOU
have what it takes to be eligible! Yes YOU!

Amazing as it may sound, your town, your
district, has ordinary folk from all walks of
life who are millionaires! Everyday people
you live and work with. Some you know
and most you don't.

Perhaps the biggest difference between
them and anyone else; they had a plan,
they had the knowledge, they could
make a decision, and they knew how
and when to ACT!

Anyone else, on the other hand, mostly likely have the first two factors in place, but when
it comes time to make a decision and ACT, that is where most of us fall short.

Look at the steps again:

...Plan
...Knowledge
...Decision
...Act

As a real estate agent, I have spent over a decade reading all the books about
getting results, building wealth, enjoying success...perhaps you've read them also!

Folks, this phenominal topic sounds far reaching for most of us. But we sure can
dream, can't we?

Just like dieting, we try them all, but, do we get results?

Oh yes we say, "we tried"...but I ask, did we really, or did we try to alter the rules,
did we fudge, did we try to do it our own way?

Being the creatures that we are, we are all in denial and will never admit, it was our
fault for not reaching the goals we set for ourselves. Again, we are in denial folks!

Those of us who get over the hump, be it dieting or building financial wealth, both
have something in common. We become students and later experts on the subject!

We dream -- but do we often fail to make
the final decision and then ACT on it?

But you know what --- when it comes to the subject of becoming a millionaire, we've
made it too hard on ourselves! We fail to see ourselves with this lifestyle. We are
masters at finding why something cannot be done, than we are positive
thinkers, and say, "why not".

"The Keys to Success
are merely repetitive steps
someone else has already taken!"
--Beryl Gosney

So where do we go from here...?

Well, an associate lender friend of mine in Skagit County made mention of a guy who wrote a book that
he said, sounds much like what I have been advocating on my websites over the years.

So I bought his book. And you know what. I was absolutely shocked how much this guy and I thought
alike. The difference is, he wrote a book and told the world about it. He was at the right place at the
right time. He made the right decisions and he ACTED. Sound familiar?

Well rather than re-inventing the wheel and writing another HOW TO BOOK, I decided to go on this
campaign and share the works of this author, David Bach, with as many of my friends and clients as
I could.

Without further to do,
take a few minutes more and
review something that has
changed my life forever
and can for you as well!

CLICK HERE

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