The Johnston Team

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Eco Broker vs. NAR's Green Designation

I think that this is the next thing on my checklist. The market isn't very big in New Orleans or the Mandeville/Covington area but I see it growing when the economy turns around.

Via Woodland Park, Colorado Real Estate Sabrina Kelley,Colorado Mountain Homes (Herman Group Real Estate,719-963-1630 ):

 

Recently, NAR rolled out its' Green Designation. I have not had the pleasure to attend either of these designations training. But, 15 years of living green and off the grid does give me some stomping rights. I am looking at both websites right now and I am trying to discern which of the designations is more intensive and educational. 

It looks like the NAR's Green Designation is more about raising the awareness of green issues in the Real EstateDown to earth image industry. Students will be taught about the basics of today's green generation. The class covers how sustainability impacts smart growth, new urbanism, and community development. Attendees are also instructed as to how NAR's Green Designation can attract green clients. Students are required to complete a 12 hr. core course and a six hour elective course. The designation can be earned on line through Realtor University.

Now, mosey over the Ecobroker.com . Eco Broker is the first and the largest green real estate training system in the world. The Eco broker course offers in depth training for three subjects: environment, energy, and the green market. In some states Eco broker classes will qualify for CE credits. The Eco Broker course gives a full 18 hrs. of green instruction. 

When I decide to designate my green status I plan to use the Eco Broker program. I love the website and all Eco Broker Designation Logo the green knowledge it contains. The professional Eco-Broker's directory is also a nice little perk for the Realtor and a gleaming star for the consumer. I also like the fact that the Eco-Broker program continues to provide its' members with the latest updates on new trends and technologies related to the green industry.

 

3 commentsChris Johnston • April 20 2009 09:35AM

Well----what IS the REAL reason they pay us the big bucks?

After reading this I will never again complain about the cost of a home inspection!

Via Charles Buell, Seattle, WA, Home Inspector (Charles Buell Inspections.com):

     Since most people already consider crawl spaces to be “BIG BLACK HOLES,” it will probably surprise most of my readers (considering my reputation for loving the “adventure” of crawl spaces) that the thing that gets me the most “unglued” in there is:  holes. 

     Especially the big black bottomless type.

     For me, there is nothing more un-nerving than to be feeling my way across the plastic ground cover and feel NOTHING under the plastic. 

     Water under the plastic----feeling like a giant waterbed-----is not uncommon and that is fairly simple to deal with.  You either back up and leave----or you go around it.

     It is those holes you come upon that seem like “Black Holes” in your crawl-space-universe----until you peer over the edge with your flashlight and discover snarling vermin, the ground only inches away or water 20 feet down.  The water-20-feet-down type holes----as in abandoned wells---CAN FREAK YOU OUT!!!  Yup!

     Other types of holes are:  abandoned septic tanks with collapsed covers; abandoned cisterns full of junk automobile parts, water, and rat carcasses; abandoned basements full of old water heaters and bug infested furniture; and, holes created where stumps have rotted away.

     I just love that feeling of adrenalin as I visualize being swallowed up by any one of these versions of holes.

     Another type of hole is where with every knee placement-----with every hand placement-----the ground underneath collapses 2-3 inches.  This happens when the top layer of dirt is riddled with rat tunnels.  These kinds of holes you get used to, but they can FREAK YOU OUT at first----but not as much as the ones you think might be “bottomless.”  I am just grateful when the rat tunnels are covered with plastic to minimize the mold and asbestos-laden dust that would otherwise billow up around you.

     The following picture was from a crawl space at a recent inspection.

This one was at least partially visible

     Even when you can see them ahead of time, they can still be unnerving, because you still don’t know how deep they are and you don’t know if it is hollow under where you are laying----but just hasn’t collapsed yet!

     Fortunately this one was only good for a small adrenalin rush.

Only about 24 inches deep

     I know that there really is no such thing as a bottomless pit, but it really doesn’t have to be very deep to represent a difficult scenario for the “Search and Rescue” crew------assuming of course you remembered to fall into the hole with your cell phone.

     I think my worse nightmare would be falling though the cover of an old hidden septic tank full of raw sewage, drowning my cell phone, if not myself.  

     This IS the REAL reason they pay us the big bucks.

 

 

Charles Buell

 

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Raven DeCroeDeCroe, is my "etherial" home inspector assistant and occasionally flies into my blog and other people's blogs to offer assistance. To find out more about her beginnings just click on Raven.

 

 
4 commentsChris Johnston • April 03 2009 06:47PM

Are You Investing In Real Estate Right Now?

I think that this recession has presented a golden opportunity for real estate investors. There were many millionaires created during the recession in the early 80's and I believe there will be many more created in this one. Now, I'm not saying it is right for everyone or that this is something YOU should pursue but, I am saying that in certain cases it can be a goldmine.

There are several things you need to consider first:

  1. Do you know your local market - If you are an agent but not very well-versed in investment property hire an agent who is or learn what you need to know BEFORE buying. Pickup a copy of The Millionaire Real Estate Investor and read through it two or three times BEFORE BUYING.
  2. Do you want to buy and hold or fix and flip - Personally I would hold off if you are a 'flipper. The resale market in many areas is soft and if you are wrong on renovation cost it could kill you when you try to get out. If you want to buy and hold then you are looking at rental property (I'm not going to consider raw land appreciation because IMHO that is speculation, not investing).
  3. Learn about investing- I know this is really pint one again but it is that important. You need to learn about local rental rates, laws that apply to being a landlord, how to structure a lease, what you can and can't say when screening tenants, etc.. I also would advise that for the first two or three properties that you purchase that you DO NOT hire a management company. Do it yourself so you are familiar with what the management company does for you and why they really earn their fee. You DID NOTICE that I said you first two or three, right! You will never get rich with just a few properties. My personal goal is 500 units in 3 or 4 large apartment buildings.
  4. Can you get financing and do you have deep pockets if the market doesn't come back right way - I would advise that you buy with a significant down payment of 15 - 20%. If you don't have it then wait until you do. ****DO NOT BUY AND EXPECT APPRECIATION RIGHT AWAY**** Okay did you get that. If not go back and read it again. No really, I'll wait........OK, got it. This is about cash flow. Buy it right, below market with an equity investment, and make sure it generates cash flow from day one. You need the deep pockets in case you read the market wrong and rents get push downward and your at a loss or you DIDN'T LISTEN TO ME AND BOUGHT IT EXPECTING APPRECIATION!
  5. Realize that with rental property people do move out and you will have vacancies from time to time. Now Robert Kiyosaki the author of Rich Dad, Poor Dad (pickup a copy and read it also) advises buying single family homes for your first purchase. I dont'. I think 2, 3, or 4-plexes are better. If a single family home is vacant it is 100% vacant. If you lose one tenant in the multi-unit it is only a percentage of the total and you have at least some cash flow. Ultimately it is your decision but my preference would be for multi-family.

This list is by no means exhaustive but it some things to consider if you are going to invest in Real Estate. I would do a part 2 on the benefits of investing later.

*For full disclosure if you click on the links to the books mentioned and purchase them from Amazon I make a few cents off the purchase. I recommend these book because I have read them and believe in what that say not because a make $0.20 or $0.30 from your purchase.

0 commentsChris Johnston • April 03 2009 09:29AM