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117 Cumberland Rd., Vicksburg, MS

117 Cumberland Rd Vicksburg MS 30180, Warren County

3/2, 1248 sf, Lot size – .25 acre, Built 2000, Fair Market Rent: $600

$12,100

Recommended sale terms: $2000, $395/mon, 10 yrs.

1345 Tremont Ave, Flint MI

1345 Tremont Ave, Flint MI, Genesee County

2/1, 792 sf, Lot size – .11 acre, Built 1965 Fair Market Rent: $500

$8,100

Recommended sale terms: $2000, $350/mon, 7 yrs.

2825 E Memorial Dr. Muncie IN

825 E Memorial Dr. Muncie IN 47302 Delaware CO 

3/1, 1260 sf, Lot size – .13 acre, Built 1900, Fair Market Rent: $650

$18,500

Recommended sale terms: $2000, $575/mon, 10 yrs.

110 Johns St Collinsville IL

110 Johns St. Collinsville IL 62234, Madison County

2/1, 798 sf, Lot size – .25 acre, Built 1961, Fair Market Rent: $1000

$16,500

Recommended sale terms: $2000, $600/mon, 10 yrs.

Happy Independence Day 2020

July 4th 1776 marked the birth of a new nation. This new nation would be different from any that had come before and ultimately would become a model for freedom and prosperity the world over. The new nation was founded on individual liberty, personal responsibility, limited government, private property, and the rule of law. These concepts we almost take for granted had never before been so completely ingrained into the very fabric of a nation. No one knew for sure it would even work. For most of the recorded history of city and nation-states, “individual liberty” was rare and not universally accepted as an “inalienable right.”

The Declaration of Independence was bold – courageous – and life-changing for everyone who signed it or agreed with it. It was the beginning of what would become the United States of America. From its beginning the nation wasn’t perfect. The founders were not perfect. They had their own moral flaws, intellectual blind spots, and philosophical baggage from centuries of governmental and religious oppression. The “yearning to be free” was interpreted differently, even among the founders, and led to raucous and sometimes even violent debates. In order to be one nation, compromises were made. Practices that today are considered brutal or evil were tolerated. It was a different time.

And what of this nation – the United States of America? Our own history is checkered with starts and stops, failures and successes, amazing compassion and generosity, stupendous greed and evil. Both the good and the bad are right there for any observer to see. But I see a nation united around an idea – freedom. I see a nation that while imperfect, allows for the citizenry to debate, discuss, reach agreements or compromises, moving forward, improving by what seems sometimes to be the smallest of increments. But it’s a good country, with a good foundation and millions of good people. We will fight it out among ourselves for our visions about what would make us a better country. If attacked from without, we will turn together as one and vigorously defend our freedoms – including our freedom to argue.

Oppression is the enemy. Repression of competing ideas is the enemy’s more-wicked step brother. As we debate we push the country to improve. The debates (particularly the angry ones) can be tiring, but it is through the free expression of ideas that we improve our great country.

And this is a great country by almost any measure. Imperfect? Sure. Just like me. Just like you. I remember the words of Jesus who said “he that is without sin, let him cast the first stone.” Like you I’m disappointed with a lot of what I’ve seen lately. But today on my nation’s birthday, I’m cutting the country some slack. I’ve committed my life to learning and improving. In fact, if I were going to have a headstone I think the inscription I would want would read, “He was getting better at this…” If you will join me in lifelong learning and self-improvement, perhaps we can also make a tiny difference in improving our country. Let’s better ourselves. And in so doing let’s better our nation. 

Happy Independence Day.

Your friend,
Roger Blankenship

Eighty Five Real Estate Careers

Here are 85 possible career paths you could choose in real estate. I break them down into five categories for you: Hold, Flip, Marketing, Passive, Vendor and then tell you whether this is a part-time or full-time job. Note that many of these have several variations. 

 

Method or Career Path

Category

Time

Buy and Hold

Active Hold

Either

Hybrid fix and Hold

Active Hold

Either

Small Multi-family (duplex through quads)

Active Hold

Either

Small Apartments (5-50 units)

Active Hold

Either

Large Apartments

Active Hold

Full

Small Office

Active Hold

Either

Large Office

Active Hold

Full

Commercial Sub-leasing (Regus, WeWork, etc.)

Active Hold

Full

Virtual Office

Active Hold

Either

Triple Net Leasing – large companies don’t always want to own the real estate.

Active Hold

Full

Manufacturing / Industrial

Active Hold

Full

Retail

Active Hold

Full

Motel / Hotel

Active Hold

Full

Raw Land

Active Hold

Part

Farm Investing

Active Hold

Either

Timber

Active Hold

Either

Water/Mineral/Oil/Gas rights

Active Hold

Either

Mobile Homes

Active Hold

Either

Mobile Home Parks

Active Hold

Either

RV Parks

Active Hold

Either

Vacation Rentals

Active Hold

Either

Billboards

Active Hold

Either

Mini-storage

Active Hold

Either

Business short-stay (AirBnB)

Active Hold

Either

Real Estate Syndication

Active Hold

Either

1031 Exchanges

Active Hold

Either

Bird Dog

Active Resell

Either

Wholesaler

Active Resell

Either

Fix and Flip

Active Resell

Either

New Every 2 Flip strategy

Active Resell

Part

Turn Key Rental sales

Active Resell

Either

Lease Arbitrage

Active Resell

Either

Apartment wholesaler

Active Resell

Either

Fix and Flip Apartments any size

Active Resell

Either

Single family developer

Active Resell

Full

Commercial developer

Active Resell

Full

Non-performing Notes

Active Resell

Either

Performing Notes

Active Resell

Either

New Construction Residential

Active Resell

Full

New Construction Commercial

Active Resell

Full

International investing

Active Resell

Either

Auctions

Sell or Hold

Either

Foreclosure sales

Sell or Hold

Either

Tax Liens

Sell or Hold

Either

Subject-To

Sell or Hold

Either

HUD sales

Sell or Hold

Either

VA sales

Sell or Hold

Either

Bulk packages

Sell or Hold

Either

Joint Ventures

Sell or Hold

Either

Residential Realtor

Marketing

Either

Commercial Realtor

Marketing

Either

Real Estate Marketer

Marketing

Either

Realtor Lead Generation

Marketing

Either

Realtor Lead Management

Marketing

Either

Leveraged Contract for Deed

Active Resell

Either

Residential Mortgage Lender

Marketing

Full

Commercial Mortgage Lender

Marketing

Full

Lending Broker

Marketing

Either

Property Management, Residential

Marketing

Full

Property Management, Commercial

Marketing

Full

Own the Brokerage

Marketing

Either

Retirement Specialist

Marketing

Full

REIT

Passive

Either

Crowd Funding

Passive

Either

Stock in publicly traded RE company

Passive

Either

Cash Lender

Passive

Either

IRA Lender

Passive

Either

Real Estate Private Equity Fund

Passive

Either

Appraiser

Vendor

Full

Home Inspector

Vendor

Full

Insurance Agent

Vendor

Full

Title/Escrow Agent

Vendor

Full

Real Estate Attorney

Vendor

Full

Real Estate Accountant

Vendor

Full

Resident Manager

Vendor

Part

Handyman

Vendor

Either

Contractor

Vendor

Full

Project Manager

Vendor

Full

Real estate photography

Vendor

Either

Consulting / Mentoring

Vendor

Either

Blogging

Vendor

Either

Author

Vendor

Either

REIA owner

Vendor

Either

Trainer / Guru

Vendor

Either

Radio Host! (wait – we were talking about making money…)

Vendor

Either