Real Estate Investing according to Ellen Degeneres
Hey it’s Paul the real estate spy.
If you don’t know who I am, I basically research all things related to real estate investing and try to show people an alternative to engaging in risky real estate investing behavior.
I lost my shirt on it and so I feel obligated to let others know what can happen. It can be a pretty tricky business if you don’t know what you’re getting yourself into.
>BUT<< All of that aside for now though.
Let’s just have some fun and get some giddy good giggles from what Ellen put together for her sterling show.
As I was researching through some things this morning I came across this short YouTube video and laugh my butt off.
Sometimes I think that you can get more out of a simple video like this then going to an all day event seminar that only teaches you that you don’t know anything and you probably should buy the next course.
Don’t worry, I am not gonna ask you to break out your wallet and drop another $1500 on the à la carte seminar series. Just watch and enjoy.
But before we go to the video. Keep in mind there is lots of great free information out there. For instance Bigger Pockets is an online community that allows you to search any real estate investing issue to see how others have handled it or what resources they have found to help them with it.
(photo credit: google.com search results)
Ready to see the video?
K, here is the video. Ellen talks about buyer beware signals in form of advertising when you’re looking at properties that may tell you to run the other direction.
So what does she have to say? She basically warns people (investors) that they should be aware of certain things when they read them and any advertisement referencing real estate that has any of the verbiage listed below. Here are some of the comments I thought were pretty funny.
Incidentally Ellen says that she likes to buy houses and she likes to sell houses. I don’t know how true this is. It may just have been the intro in order to condition the audience, but it really doesn’t matter anyways. If you are into REI you’ll get a kick out of it.
Look for his that seem positive but they’re really not positive…
->2 bedroom/2 bath with potential:
The word “potential” is not positive according to Ellen. She says it simply means that the yellow mold could turn into black mold. LOL
->One-of-a-kind 2 Bedroom/5 Bathroom House
One-of-a-kind means that the builder is in prison. They got sued and so they are no longer building. More importantly however if someone is looking at this house (that has 2 bedrooms and 5 bathrooms, she says they don’t need a house….. they need a doctor.
->Cozy studio apartment:
Cozy = teeny tiny…teeny tiny…tiny..teeny. If you enjoy the center seat on an airplane then you will like this home.
->3 Bedroom/2.5 Bath Seller is motivated:
This means that this house is on fire and they need to get rid of it fast. Maybe it means that the owners want to sell it before the termites completely demolish the rest of the house.
Vernacular/ Dictionary and Translation:
Classic = Old
Retro = Old
Original = Old
Good Bones = Old Bones
Newer = About to be Old
I’m still laughing. I am just wondering if anybody else out there sees the humor in this.
Catch up with ya soon!