Jeremy Burgess

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Few will argue that the current real estate market is in a dark place and that the old ways of making money have passed. While this may be true, there is a sea of opportunity for real estate investors who are willing to innovate and solve problems. Currently, most 1st time home buyers who would like to by a home are experiencing great difficulty securing financing.

You can be the bridge financing that paves the way to home ownership and you can profit greatly from it. President Obama and Congress passed a law in an effort to kick-start the real estate market making seller financing extremely attractive and profitable to real estate investors. Any first time home buyer will receive a dollar-for- dollar tax credit for 10% of the sales price of their new home purchase up to $8,000. IRS Website - $8,000 tax credit.

You can also have your 1st time home buyer assign their tax credit to you as additional down payment on your house. Most buyers have $2,000-$3,000 to put down and if you add the $8,000 tax credit you now have a $10,000-$13,000 down payment! I know I feel more comfortable seller financing my property with such a large down payment.

You can either sell your house on a land contract or you can give the buyer a mortgage. Make sure you document their payment very well. Insist on checks, money orders, or cashier’s checks and keep copies of the cashed checks as well. You will need this in order for your buyer to qualify for a refinance to pay off your loan more quickly. If needed, enroll your buyer in a credit repair program to ensure that they can qualify for a refinance quicker.

Opportunity exists right now for those who can solve problems and the profits are worth the effort. For those of you who are Renegade Detroit Investor members, I have posted a step by step process for how you can have your home buyer’s tax credit assigned to you on our member’s only website. The money is always in the solution.

Now quit whining and go out there and crush some deals!

Be a Renegade,
Jeremy Burgess

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I can’t help but think of Detroit as the Wild Wild West of the 21st century. Driving around Detroit always makes me feel like I’ve just discovered a new land where anything is possible. With over 80,000 acres of urban prairie and 40,000 houses that need to be demolished, Detroit is where American really has a chance to start over.

It’s impossible to ignore all of the changes in the world and with a stronger and more competitive global market, Detroit was the last Industrial Giant to fall. While others see times past and lost former glory, I see a blank canvas just waiting for the right people to build something great.

Like the great westward migration after the civil war, the Oregon trail, or should I say the Detroit trail, is lonely path filled with hardship and failures, and like the wild wild west, Detroit offers the dream of a fresh start and a new life of opportunity. By no means am I suggesting that everyone who comes will succeed or that the path is an easy one free of obstacles. To me, Detroit is the last and best place to bet big and win, making all of the sacrifices and hard work worth the risk.

For those of you who believe I’m being naïve and idealistic I would like to point out that I’m not the only one who believes in this new frontier. Many artists are moving to Detroit and forming artist communities due to the low cost of housing and living. Here artists have the choice to not compromise when it comes to pursuing their dreams. A recent NPR article and broadcast tells their story.

Jonathan Mahalak, a blogger for the Chicago Reader recently published an article discussing how Detroit is the most democratic city in America where residents are rebuilding communities in their own vision of what a neighborhood should be.

The gold rush I’m writing about isn’t for gold – it’s for the less tangible rush for hope of a brighter future. It’s the last place in America where those with a pioneering can-do spirit can venture out to a new beginning; a new beginning that overcomes social and economic barriers with the chance to make a change with little to no regulation. No Uncle Sam monkey on your back telling you what to do and how you make it.

For those with guts and determination, Detroit is the wild wild west and with them lies our best and brightest hope for a new age and a new America.

Make your life uncomfortable,
Jeremy Burgess

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Not many of us remember what it was like to have one job for your entire career but your Grandparents do. Your mother and father have more than likely have had several jobs and changed careers multiple times. Our generation is faced with the reality that few jobs or careers will provide any long term stability or retirement. We live in a world of change and the rate of change is accelerating.

Gone are the days where you could shun technology, social, and economic change and stick to the path you have started on. The days of security with an employer for retirement and certainly any meaningful contribution from Social Security have long passed. The rules have changed and they will continue to change.

To survive, succeed, and thrive in today’s world requires embracing and anticipating change. We need to look forward to change and treat it as a gift that allows us to reach our goals and aspirations faster. We must also seek to foster the change we want to see. Our entire future as a generation demands that we not only accept and embrace this change, but that we also foster a culture with our children to do the same.

To many this will seem counter intuitive and human nature is such that most don’t change until the pain of staying the same is greater than the pain of change. Wouldn’t now be a time to change that? Wouldn’t now be a good time prepare for the change that is here and the change that is certainly coming? If you know your job most likely won’t be here in 30 years, isn’t now the time to do something about while you are young and have the resources and energy to do something about it?

Change isn’t some monster hiding under your bed ready to eat you when you get out of bed in the morning nor is it some dark cloud on the horizon destined to destroy your career and retirement. Change is the rain we need to grow as a country, a culture, and a generation so that we can surpass the achievements and accomplishments of our parents and grandparents. Change is exactly what we need to become truly great and define what our generation stands for.

Embrace the change and take control of your career, your retirement, and the security of this and the next generation. You can’t stop the change so why not embrace it?

Watch this video of Seth Godin giving a presentation at TED and be inspired. I will see you at the top!

Be a Renegade,
Jeremy Burgess

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May 14, 2009
I remember sitting in the yellow lighted room with its slightly grungy feel as my high school councilor came in. I'm filled with anxiety because I'm at that age, 17, when I'm supposed to know what to do with my life and I have no idea. I don't even really know what to say. At this point in my life I have a hard time justifying even attending school. Thinking about my future seems like a task beyond my capabilities. I will never forget that feeling.
When she starts asking me what I want to do and become, I lie. I tell her the lie that I know what she wants to hear. "I want to go to college and be a history teacher." She easily and effortless gives me the advice that I'm sure she has giving thousands of students over the years. Take these classes, keep your GPA up, start taking SAT test classes, and be well rounded. While I half listen I'm stuck by the absurdity of what she is doing. Why the hell should I listen to her? What has she done and accomplished that would make her council sound?
Of course I smile and thank her as I leave and I enroll in the classes she recommends. I never went to college and I barely graduated from high school. Everyone I knew who had gone to college wasn't making the money I wanted to make and they weren't living the life I wanted to live. Old habits die hard though and for the next 6 years I wander though life trying to find my place. I joined the Navy, got out, attempted college, worked as a cook, and finally as a baker at Safeway. The entire time I know what I'm doing is wrong and won't get me to where I want to go but this doesn't stop me from running full speed to try and get there.
Then 3 days before I was married, it struck me. Everything I had been told was a lie. I'm not supposed to try and find my passion. A good job with benefits isn't the safest bet. Most importantly, you don't need to like what you do. There is a difference between being efficient and being effective. You can accomplish tasks efficiently that are not effective in reaching your goals.
From that point on I became obsessed with being effective. I would seek out things that nobody else would do and I would work hard to be effective. Often I didn't like what I was doing but I loved the results I achieved. Much of this is still true today. It isn't easy running a real estate business in Detroit and many times I do work I don't enjoy. But my work helps investors around the world achieve the returns they need to retire in comfort. I provide jobs that are sorely needed in Detroit and the people employed (formerly incarcerated individuals) get a second chance at life. I use a local nonprofit, Motor City Blight Busters to do the rehabs, benefiting the local community as their profits are reinvested.
The results I achieve and the difference I make in the city of Detroit make all the work I dislike worthwhile. I realize this is contrarian and against most sound advice. I say forget trying to find your passion. Instead, focus on the results you want. Find a difficult problem and pursue the solution with relentless passion, doing the work that few like. Your results will make all of the difficult work you do seem fun and you will be making a difference.v I can't think of a better time in American history too question all of our beliefs and test them for effectiveness. Your boss and your government are certainly not the security you need in these times.
Watch this clip on TED and make a commitment to quit being efficient and start being effect. It's never too late to make a difference.
Make your life uncomfortable,
Jeremy Burgess
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