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Issue #8 July/2008
Welcome to the Queen Bee Newsletter
 
Investor Edition

Dear (Contact First Name),

Good real estate agents manage transactions without letting anyone feel unimportant. They are detail oriented and time-efficient.
They get to a point in their career where they need an assistant to help with efficiency. I am excited to announce that I have Jennifer! I love Jennifer and so will you.  She is smart, detail oriented, and positive. She is a great person with whom to share an office she keeps me in line, so I can be my best for my clients! The better I am, the better my clients are and that's the whole idea, isn't it?
Let's go the market is waiting and I don't care what the gas prices are, my car is ready!
 

 
Sincerely,
 
Carrie Pierce
Carrie Pierce & Associates
 
 

Deja Vu- 1988

Time 
 In 1988, Time Magazine ran a cover story article on the housing market, which spoke about the opportunities of buying when things are down.
 
Many investors are waiting on the sidelines of this real estate bust for things to get better. They will. 
 
While the news is mixed on when the next boom will happen, they all agree on one thing,  it will boom again. Real estate doesn't boom and bust, it just comes and goes in waves, causing a doubling in prices every time around.
 
 If you are waiting until
TIME Magazine says the market is rebounding, it's a mistake. By the time the media signals the green light, it will be a year too late! Bargains are everywhere, and interest rates are still cheap.


Full Article
Investing Q&A
Tax deprec 
 Q: If tenants move out and leave behind minor damage as well as a cleanup job and if I go in and clean and repair the unit myself, can we deduct my labor from their deposit along with supplies and parts??
 
A: You are entitled to charge tenants for work which must be done to make a unit rentable again after a tenant moves out, whether you hire it done or do it yourself. You must, of course, document it and itemize it as a deduction from the security deposit.
 
If you do the work yourself, you must document it with a description of the work performed, an accounting of the time spent doing the work, and a statement of the hourly rate you're charging for your time. 
 
 

The Queen Bee Mission Statement

 

The Queen Bee is a straight up, no non-sense newsletter dedicated to providing you the latest market information as it pertains to real estate investing.  There are no attempts sell you on anything and if we ever do you have our full permission to smack us up side the head. We are here to provide truthful and relevant educational material in an effort to help you attain your real estate investing goals. 

Sincerely,
 
 
 

Carrie Pierce & Associates


In This Issue
Deja Vu
Investor Q&A
Housing Rescue
Apply for a loan Apply for a Loan
Mortgage Calculator Mortgage Calculator
Top 5 Investments Top 5 Investments
Join Our Mailing List
 
Fact #1 Most properties in the MLS are listed at a price where no investor could make a profit renovating and reselling them.  
 
Fact #2 You can still  profit from homes listed on the MLS. 
 

Quick Links
 

senate

  Housing Rescue- Senate Inching Forward
 
 The debate over foreclosure prevention legislation is set to continue, but signs point to eventual approval.
 

CP
Carrie Pierce & Associates
Powered by Home Realty
4900 Stone Way N
425 518 1176
www.realtorcarriepierce.com
carrie@carriepierce.net