Goal setting for real estate investors is critical for achieving what you hope to accomplish in real estate. Several studies have proven the effectiveness of goal setting. When you have your destination in mind, you're just, flat out, far more likely to actually get there. But are you setting goals correctly? And if you are setting goals, is there anything you're missing that could take you to the next level? What you're about to discover is how real estate investors should set … [Read more...]
5 Ways to Save on Real Estate Investment Taxes
May 4, 2013 By Leave a Comment
There are many different ways to save on real estate investment taxes. Rather than bog you down with the minutiae of tax savings tips such as keeping track of gas mileage for every trip to see a property, you're going get the most powerful, most effective 5 ways for real estate investors to reduce their tax liabilities. And sorry, you're not going to be given any creative deductions like writing off cruises to the Caribbean or setting up offshore accounts in tax sheltering countries. The … [Read more...]
IRA Real Estate Investing
April 26, 2013 By Leave a Comment
IRA real estate investing is a great way for people to invest in real estate in their retirement account. Have you ever heard of buying real estate in your IRA or 401K? If not, you're going to be pleasantly surprised to discover that you have more retirement investment choices besides mutual funds and real estate can be a great place to grow your nest egg. If you already have some knowledge of investing in real estate in your IRA, hopefully you're opened minded because you're about to discover … [Read more...]
Hidden Way to Reduce Closing Costs
April 19, 2013 By 6 Comments
Would you like to know a hidden way to reduce closing costs? More specifically, how about a quick tip to save hundreds on one of the largest closing costs on a closing statement? I am referring to title insurance. Nearly every buyer of real estate requires a title insurance policy. As a real estate investor, in some cases, you are buying the property and pay for title insurance as the buyer. In other deals, you are selling the property and the buyer may require you to pay for their title … [Read more...]
Should Real Estate Investors Join the Better Business Bureau?
March 26, 2013 By 1 Comment
Should real estate investors join the Better Business Bureau (BBB)? It depends. Are you a creative or traditional investor? Traditional investors don't need to join the BBB because either they use real estate agents or auctions to source their deals and are usually paying all cash for properties with no creative terms. However, creative real estate investors work directly with sellers to structure unique terms such as subject to financing, owner financing or lease purchase optioning. … [Read more...]
Determining Property Value the Right Way
March 21, 2013 By 1 Comment
Determining property value the right way is a skill that is helpful for any owner of real estate, but it is particularly crucial for real estate investors because if you determine a property's value incorrectly, you can make a huge investing mistake! For anyone who is, or is thinking about becoming, a real estate investor, having the ability to correctly determine property values is as vital to your success as any other skill you can acquire. And too often, real estate investors value … [Read more...]
Real Estate Truth vs Fiction
March 5, 2013 By 7 Comments
Real estate truth can be difficult to find amidst all the fiction. In his fantastic book, "The Signal and the Noise", author Nate Silver so accurately points out that in this information age, the large and growing amount of inaccurate advice (noise) can drowned out the truth (signal). At local REIA club meetings and in online forums, real estate truth is being smothered by the loud noise of bad advice. And perhaps the most dangerous part about it, is that the fiction is coming from very … [Read more...]
Should Real Estate Investors Get a Real Estate License?
February 22, 2013 By 9 Comments
"Should Real Estate Investors Get a Real Estate License?" is a question that comes up quite a bit. You're about to discover where it makes sense as well as where it doesn't make sense to get your license if you are also investing in real estate. The most important fact to start with is that me, as well as most successful real estate investors in this country, are licensed real estate agents. There must be a reason why that is the case. And there is, which we will get into. But you'll … [Read more...]
The Biggest House Flipping Mistake
February 7, 2013 By 19 Comments
The biggest house flipping mistake most real estate investors make is so simple to avoid, yet so devastating when it happens. Experts and beginners alike fall victim to it and sadly, they rarely recognize it as a mistake at all. Instead, house flipping investors tend to blame the economy, the real estate market or just plain, bad luck when it occurs. The reality is that this mistake can effect any property owner looking to sell his/her property and it has nothing to do with outside factors like … [Read more...]
Secret to Flipping Houses
January 23, 2013 By 19 Comments
There is a hidden secret to flipping houses that only the most experienced real estate investors know anything about. You're about to discover what most people will never know about flipping houses. I never read about this in a book. I never saw it on a house flipping tv show. This game changing lesson was revealed to me through the real world of real estate. It started out as a hunch after flipping houses myself and then it became more clear to me after coaching and mentoring investors from all … [Read more...]
Magic Real Estate Investing Formula
January 18, 2013 By 8 Comments
Would you like a magic real estate investing formula that will guarantee your success? For the past decade, I have been pondering why some real estate investors become wildly successful and while others fail miserably. Does it have to do with age, ethnicity, background or financial position? Is it due to location or market conditions? Or is it about personality and previous experience in business or investing? Since I share in the profits of my student's deals, a portion of my overall personal … [Read more...]
Is Flipping Real Estate Illegal?
January 17, 2013 By 7 Comments
Is flipping real estate illegal? This is an extremely misunderstood topic among beginners and experts alike. The legality of flipping real estate is swirling with myths and half truths and although I am not an attorney, I will lay out the facts that my experiences have taught me on the subject. (Disclaimer: I am not providing legal advice in this article and for such advice on any legal related issues, always consult a qualified attorney.). If you are (or are considering becoming) a creative … [Read more...]
Is Wholesaling Real Estate Ethical?
December 22, 2012 By 26 Comments
Since wholesaling real estate involves getting a property under contract at a very low price and then, without ever making any improvements whatsoever, re-selling the property (or assigning your equitable interest) to another buyer for a higher price, then an ethical issue may exist that is rarely talked about or mentioned. It's the elephant in the room when the topic of wholesaling real estate is discussed but no one is talking about it! Usually, the more common question investors ask is, Is … [Read more...]
Creative Real Estate vs Traditional Investing
December 13, 2012 By 23 Comments
Is creative real estate right for you or should you go the traditional route? You'll discover the differences, the pros and the cons of both approaches and which one is right for you. First let's take a look at what each one looks like: With traditional real estate, an investor... Buys investment properties on the MLS. Finds deals by calling up a real estate agent. Buys foreclosures that are listed on the MLS. Buys foreclosures at the foreclosure auction sale. Buys properties … [Read more...]
Willow Tufano | 14 Year Old Real Estate Investor
December 6, 2012 By 2 Comments
PORT CHARLOTTE, FL - Willow Tufano became a real estate investor this year, at the tender age of 14. She partnered up with her Realtor mother Shannon and the two purchased a short sale in January 2012 for $12,000. They split the cost to purchase the property and the renovations. Once completed, they leased it out. In October 2012, they purchased a second property together for $17,500 with the same funding arrangement. Although they don't live in Port Charlotte, FL, they invest there because, … [Read more...]
Best Real Estate Blog Contest
November 26, 2012 By 1 Comment
The results are in on the best real estate blog on the internet contest. This blog was voted in the top 2 of all blogs online! It was a week long vote and real estate blog readers from around the globe cast their ballots. The race was very, very close. The incumbent took # 1. Now I know how Romney feels. Seriously though, with the thousands of real estate blogs out there, it is an honor to have the general real estate public vote this blog as among the top 2 on the internet. I love the subject … [Read more...]
How to Buy Real Estate Without Cash or Credit
November 26, 2012 By 2 Comments
The University of Central Florida's Real Estate School asked me to give a lecture on how to buy real estate without cash or credit. Say what you will about academia providing real world applicable up-to-date education, as for UCF and their real estate department, they are as real world focused and up-to-date as you'll find in higher education. Did you know that UCF is also one of the largest universities in the United States? UCF is a huge institution. So, of course, it was an honor and a … [Read more...]
Real Estate Productivity Booster
October 23, 2012 By 2 Comments
Is your real estate productivity lacking? Would you like to be more productive? After all, the most successful real estate investors in the world have the same amount of time in a day as you do. It's true. You're about to discover a very simple yet extremely powerful way to greatly increase your real estate productivity. Plus, this technique can relieve stress, reduce headaches and help you achieve your goals faster and easier. What is this real estate productivity booster? Write … [Read more...]
Mortgage Loan Forgiveness is Here!
October 6, 2012 By Leave a Comment
Mortgage loan forgiveness is for real and it is here. How? Back in the spring of 2012, federal banking regulators settled with 14 major mortgage servicers over alleged foreclosure abuses to the tune of $25 Billion. Among the 14, included industry leaders such as Bank of America, JPMorgan Chase, Citibank and Wells Fargo. Now, homeowners are opening letters from these companies and nearly fainting when they read the substance of the letter which describes complete mortgage loan forgiveness. Here's … [Read more...]
How to Make Money in Real Estate
September 27, 2012 By Leave a Comment
Discovering how to make money in real estate can be a daunting experience. Real estate is a vast subject matter and millions of people earn a living (and some actually become fabulously wealthy) from real estate. After being a part of more than 1,000 real estate transactions over the past decade personally, along with coaching and training thousands of investors from all walks of life throughout the United States and Canada, I've heard, seen and done enough in real estate to simplify for you how … [Read more...]
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