The second book of the “OUR TOWN” Mystery Series THE STREETS OF OUR TOWN is now available.
Continue to follow Commissioner Larry Towers and his team as they clean up the streets of our town.
Grab a copy of your book by clicking the “buy button” below:
I am pleased to announce that my new book is out and ready for purchase! Yes the “cowboy” is a real life mystery author too!
It is called OUR TOWN ~ The Mystery Series and has been getting rave reviews on Amazon (dot) com from people around the country. For more information on this book click here.
For those of you already familiar with what this mystery series is all about, go ahead and click the “buy now” button below to purchase the book and I will send it out to you via priority mail. Remember this is not a digital book, this is a real live bonified soft cover autographed treasure that you really will enjoy!
QUESTIONS ASKED – QUESTIONS ANSWERED
For my readers who have been asking all the questions. I now have time to answer them.
Sorry it’s taken so long. 2011 is a great year to make money, as long as you know how. I’ve been doing real estate transactions earning 30% to a record for me of 94% cash on cash return. Now to my readers questions, thank you for sending them to me.
Q) Larry do you still invest with your readers if they have a great real estate deal?
A) Yes I do, anywhere in the United States.
Q) Larry, I know you are one of the best Real Estate Exchangors in the country. Is this a good time to do tax free exchanges?
A) There is never a bad time to do a tax free exchange. Before doing one you should always seek the advice of your tax consultant.
Q) Larry are you still teaching Real Estate Exchanging?
A) Yes, upon request. (Anywhere in the World)
Q) Larry do you still aid in or put on exchange meetings across the country?
A) Upon request I still do both.
Q) I have both of your Formulas Books. WOW!!! Is all I can say about them. I’m wondering if you still teach courses from your books?
A) Yes I do, upon request. (Anywhere in the world)
My next BLOG will talk about the real estate market place today and how I’m making a killing in it.
EXCHANGE TERMINOLOGY
LEG: One actual part of an exchange transaction. Example: One principal and his property. Example: Client A has apartments and Client B has land – this would be a two legged exchange.
LEVERAGE: Low cash down with a large loan.
QUOTE BY THE COWBOY
If you are going to make money in real estate today you need to
“LEAVE THE BOX OUTSIDE”.
Thank you for taking the time to learn from my BLOG.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
My clients have sent me coast to coast. I even had to go to Hawaii. I have been so busy helping my clients save their fortunes, I have to make an appointment with myself to go to the bathroom. By the first of the year I hope to free up more time to write my BLOGS.
For the folks who would like to purchase my two books, Real Estate and Exchange Formulas or Real Estate and Exchange Formulas II may do so through my BLOG or by using the links below.
Click Here To Purchase Real Estate Exchange Formulas
THANK YOU FOR TAKING THE TIME TO LEARN FROM MY BLOG.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
Sorry for the people who did not sign up for the IMG Real Estate Exchange Education and Marketing Session. Please continue to read my Blog. I will have information in the next 60 days on when and where our next Education and Exchange Meeting will be held.
THANK YOU FOR TAKING THE TIME TO LEARN FROM MY BLOG.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
Investors Marketing Group presents, June 21 through the 25th 2010,
Exchange Education Boot Camp & Marketing Session
I will now continue on from my last blog post. I said I would give you more insight to what you’ll learn and how to make deals happen. For over 30 years I have exchanged real estate properties across this country of ours. I have traded everything from racecars to racehorses, from hotels to motels. People ask, “Is there ever any cash in an exchange transaction?”The answer is simple. No two properties have the same equity. Which means someone will have to add something to the deal to make the equity’s equal. This can be another property, personal property, or even cash. Myself, and the people working with me will teach you how to put a deal together. I will show you how to write an Exchange Contract. Yes, there is such a thing as a court tested Exchange Contract. I have had past students tell me that the Exchange Contract and how to properly use it was worth the price of admission. This is only one of the tools you’ll receive at this boot camp. We will also teach you about other forms like the Mini Offer Form, the Country Store Form, the Have and Want Form, the Property Package Form, the Checklist Form, and others. You are going to learn how to market and exchange real property. That will take place Monday, Tuesday, and Wednesday. I will have a few great speakers there. These people are some of the best in their field. I have invited the following: Josh McCormack, of McCormack Auctions of San Diego, California to give us his insight of today’s auction world and how we can use it to make more transactions for ourselves. William “Bill” Dawson of Pearce, Arizona will give us tips on acquiring properties using our IRAs. Stuart Watkins of Tucson Arizona will share his knowledge on the IRS and how they look at exchanging. Douglas “Doug” Dickson of Newbury Park, California will help us put together exchange deals with properties from across the country. Bruce Inouye is my blog master. I have invited Bruce to show everyone how a blog can help you do more profitable business. As you can see I have put together a great lineup of people to direct you, your spouse, your friends, or your investment group, to do more profitable transactions. We will also discuss today’s market place and how to best profit from it; when to buy and where to buy. This is one of the few boot camps where you will walk away with usable knowledge. I know you are asking yourself, how can The Cowboy make such a statement. It is easy, remember the old quote, ”The proof is in the pudding”. With my boot camp, the last two days of the session we will use the knowledge we have learned along with the assistance of my people to do actual transactions. Yes, if you have a property you need to divest yourself of we will try to help you do this while you are at the marketing part of the session (Thursday and Friday). Our biggest goal is to make transactions for the attendees of our sessions. Tuesday evening we will have a cowboy auction which I will explain in my next blog.
If you wish to attend, or find out more information about the upcoming Lake Tahoe Session go to the right of the front page and click on Upcoming Meetings. On that page you will find a registration form for the Lake Tahoe meeting coming up June 21 through the 25th, 2010.
I’ll be talking to you again soon.
Thank you for taking the time to learn from my blog.
Real Estate Exchange Cowboy
Larry E. Sarkis
To my readers and followers it’s that time again. Our Summer Session in Lake Tahoe is less than five weeks away. I suggest you sign up today. The sign-up sheet is found on the right of this page, just click on Up Coming Meetings. There you’ll get all the information about the meeting and a registration form to fill out. Do it now!!!
The Boot Camp will cover Exchange Education. I will attempt to give you a great overview of what I have learned in the last 30 years of exchanging properties across the United States. Why should you exchange and not sell a property? That’s easy. If an exchange is done correctly your tax consequences end up at little to no money paid to the IRS. That is why the IRS calls them tax free exchanges. Please remember we do property for property exchanges. We open escrow with the property you have and the property you want and usually in 30 days or less we close escrow with everyone getting the property they want. A lot of people ask me if I’m an accommodator. The answer is “NO!!!!!” The next question they ask is do we use an accommodator? They get the same answer NO!!!!! There are more bad things that can happen with an accommodator than good things. An accommodator takes over ownership of your property and your money and everything that deals with the transaction for six months. We do exchanging the old-school way. You own and control your property, no one else. Under IRC 24 of which the 1031 exchange is a 24 page part, the delayed exchange that accommodator’s do consist of two paragraphs. We do exchanging according to the other 23 pages of the 1031 code. How to exchange property and not pay income taxes is only a part of what you will learn at the Exchange Education Boot Camp. After you learned about exchanging and how the IRS pays for over a third of your transaction we will then spend two days marketing your properties. Yes, you are reading it right. You will actually do real estate transactions. After you register I will contact you. This gives you the opportunity to go over any questions you may have with me. Hopefully I will be able to help you best prepare yourself for the session. Come join us. There is not a more beautiful place in the summer than Lake Tahoe. You can do business, have fun, and write the trip off on your taxes. I will tell you more about this session in my next blog.
Thank you for taking the time to learn from my blog.
Real Estate Exchange Cowboy
Larry E. Sarkis
For my readers in the United States its income tax time again. This is a happy time for the people I work with, and a Sad time for the other people in the United States. It is important to set up your portfolio so it delivers you the largest amount of net profit. As I teach it, if we use our write-offs and tax-free real estate deals correctly, in a couple of years we should be paying the Internal Revenue Service nothing. That is how you increase your bottom line without doing anything illegal. That is what I teach you at my Education and Marketing Sessions. It is very important to know the Tax Laws of the United States. You need to know when and where to apply them. If you are in the 38% or higher tax bracket every time you do a correct Exchange of real property you don’t have to pay taxes on it. No matter what percentage you pay the real estate property exchange deal if done correctly is Tax-Free. The Internal Revenue Service is allowing you to use all the equity in your property without giving part of it to them. I feel this is real nice of them, and that is why I like them so much.
The laws I’m talking about above are the kind of things you learn when you come to my Investors Marketing Groups Sessions (IMG). These Sessions are geared for Investors. I will spend at least two days teaching you how to do Tax Free Deals. We then will spend three days Marketing and Exchanging our own properties we don’t want for properties we do want. Besides the properties you bring to the Session to Exchange I also have access to around $400 million of other properties on the market to be Exchanged. My next Session is in Lake Tahoe in June. To read more about it and to register go to the right side of this page and click on Up Coming Meetings. If you have further questions contact me directly The Cowboy at 480 – 688 – 3119. Yes, we usually sell out 30 days before the Session. Look forward to meeting you there.
My next blog will talk about Cap and Trade.
Quote by the Cowboy
“A genius is one who shoots at something no one else can see, and hits it.”
Exchange Terminology
IN LIEU OF: Instead of. A clause used in exchange agreements to give more time to consummate a transaction, usually to allow time to add another “leg” to complete the transaction.
Land Bank: Buying land for future use and appreciation.
Leaseback: A term referring to a seller who remains in possession as a tenant after the completion of the sale and delivering the deed.
Thank you for taking the time to learn from my blog.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
The banks are closed!!! You cannot buy the property you want. You cannot sell the property you don’t want. You need to take advantage of the present market. So, if the banks won’t let you buy or sell it, then it is time to exchange it.
That is how deals were done before there were banks, and that is how deals are done today. I guess what prompted this blog was I was reading through my two books on Real Estate and Exchange Formulas. After going through the many ways of doing deals I said to myself, “What are people waiting for now is the time to make money”. Oh yes, I read my own books around twice a year. I suggest my readers that own copies of my two books to read them at least three times a year. Yes the information in my books will make you a Million Dollars. They have the capability of doing that for you every 3 to 5 years. You can find out more about my books by going to the right side of this page and clicking on books. The next question to success I get is this: I buy your books I read your books, now what? That is simple. By reading my Blogs and my books you are now somewhat prepared to come to my Investors Education and Marketing Group Session. This is a Session where you get two days of Education. Don’t worry about the Education this Cowboy teaches under the K. I. S. S. Method; which stands for Keep It Simple Stupid. I’ve never had anyone go away from my classes confused. After the two days of Education we do what is called an Exchange Market Session. This means we now spend three days actually marketing your properties. This is where you have an opportunity to Buy, Sell, or Exchange a property. We usually have over $400 million in property available. You can now see why the Education Session is so important. You learn how to make money and before you can forget what you have learned you get to put your knowledge to practical use. The opportunities will be there for you, whether or not you do a deal and prosper is up to you. I give you everything to do a transaction the rest is up to you. You make your own decisions I cannot, and will not, make them for you. For more information on the upcoming I. M. G. Session in Lake Tahoe go to Upcoming Meetings on this page and click. Any question you can’t find an answer for there call me direct The Cowboy at 480 — 688 — 3119. Hope to see you at the upcoming Lake Tahoe (one of the top 10 places to be in the world in the Summer Season) Session.
No realtors please, unless you can change hats and become an investor.
Thank you for taking the time to learn from my blog.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
My summary of the last 25 posts has run longer than I thought it would. I do still have a few things to say that might be helpful for everyone.
The Arizona Housing Market is slowly improving. Why I say that is because the unsophisticated investor is paying more for a house than the lending institution is asking for. All this manages to do is drive up the price of the properties. If you are looking for the same type of deal you could have made six months ago you are not going to find it. The price of a fixup House has increased by 10 to 20%. This makes it much harder to steal a good property, but if you are patient and work at it there are still a few deals available. Myself I have moved away from the fix-up House Market. I can see my December Insight coming to pass. The Commercial and Industrial Market is starting to take a bad turn, which if we are patient will bring some great properties into our portfolio. If you are tired of worrying about and losing your retirement funds in the Stock Market once again it is time to take advantage of the Real Estate Market.
I have worked hard on trying to match My June Session in Lake Tahoe to when I feel the market will be right for all my people to prosper well. To find out more about the Lake Tahoe Session go to the front page of my Blog and click on Upcoming Meetings. I can’t stress this enough please register early for this particular meeting it always sells out far in advance of its date of occurrence. I feel we should have around $400 million worth of property at the Session, plus the property that the attendees will bring to Sell or Exchange. So please get a seat early while there is one left to get.
Remember what I teach in my Session. The I. R. S. is our friend, and they pay for 38% of the deals we do. What more could you ask for.
In my next Blog I will continue to give tips on how to do Tax Free Exchanges.
Exchange Terminology
Hypothecate: The pledge of property as security for a debt, without giving up possession of it.
In Kind Fee: The fee is in the same form as the property. That is, in an exchange concerning raw land, so many acres would be your fee.
Don’t forget to go to the front page of my Blog and click on my books. Check them out. My books contain millions of dollars worth of formulas. Believe me when I tell you all the formulas work. They will be some of the best reading you have ever done. By a copy and see for yourself. Thank you in advance for your interest.
Thank you for taking the time to learn from my Blog.
REAL ESTATE EXCHANGE COWBOY
LARRY E. SARKIS
