August 2022

Thanks For Thinking of Me!

Real Estate Corner… Q: How do I build wealth in real estate? A: You can build a substantial amount of wealth in real estate by educating yourself, thinking long term, and performing due diligence before purchasing. It’s not a get -rich quick method, but with patience, you can build a nice retirement empire with real estate rental properties. • Stick to moderately priced properties, which can generate a more positive cash flow than higher priced properties. Your tenant’s rent will cover the mortgage, utilities, and additional expenses for you. • Have a property inspection before you purchase the property. Make sure to review the report and all comments the inspector made. Get a few written estimates from contractors to make sure it’s worth the investment. • Verify how much the insurance will cost for the property and if additional rider policies are necessary. • Check if the property is in an HOA community. Their assessment fees can be high and you must deal with required renovations. • Carefully select your tenants and treat them well. Happy tenants stay longer and you save on cleaning, preparation, and advertising costs between each tenant. For more information on building YOUR wealth with real estate, ask for my Free Consumer Report called “8 Dumb Mistakes Even Smart Investors Make.” Do you have a real estate question you want answered? Feel free to call me at 805-701-8410. Perhaps I’ll fe ature it in my next issue! “Who Else Wants To Win $75 Gift card for Lure Restaurant ?” Guess who won last month’s Trivia Question? I’m pleased to announce the lucky winner of last month’s quiz. And the winner is …drum roll please: Berniece Reed of thousand Oaks won the drawing. In order to prevent bad energy from following them to a new house, Americans in the early 20 th century did what when they moved out of their old houses? a) sprinkle salt in the doorway b) burn a new beeswax candle c) leave one teacup behind d) burn the dishcloths The answer is d: Burn the dishcloths. According to a 1903 encyclopedia, this was common practice to avoid taking the bad energy wiped up with rags and cleaning cloths. So let’s move on to this month’s trivia question. Queen Victoria inspired many trends. Which of these did not become popular because of Queen Victoria? a) white wedding dresses b) Christmas trees c) bridesmaids wearing the same color d) engagement rings Call Me At 805-701-8410 OR Email Me At florence@BchRealEstate.com And You Could Be One Of My Next Winners!

Did you know I can help you or any of your friends or family save time and money when buying or selling a home? Thanks for keeping me in mind with your referrals…and spreading the word about my services.

Brain Teaser Answer: Its lid

So Salty! The Dead Sea is famously salty, but not only is it not the only body of water on earth with extremely high salinity —it’s not even at the top of the list. There are other places like Ethiopia and surprisingly, Antarctica – with bodies of water with higher salinity. Don Juan Pond is the saltiest body of water on the planet- about 18 times saltier than the ocean. Even though it’s in Antarctica, it never freezes because it’s almost half salt (over 40%). Expired Soap? Did you know that soap can actually expire? Dish soap loses its lather after 2-3 years, and experts say laundry detergent should be used within about 6-12 months for maximum effectiveness. THANK YOU for reading my Service For Life ! ® personal newsletter. I wanted to produce a newsletter that has great content and is fun and valuable to you. Your constructive feedback is always welcome. AND… whether you’re thinking of buying, selling or financing real estate, or just want to stop by and say “Hi,” I’d love to hear from you… Florence Gadbois DRE #01040021 RE/MAX Gold Coast 805-701-8410 florence@bchrealestate.com BchRealEstate.com Disclaimer: The information contained in this letter is intended for informational purposes. It should not substitute as legal, accounting, investment, medical or other professional services advice. Always seek a competent professional for answers to your specific questions. This letter is not intended to solicit real estate properties currently for sale.

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