FAST Nickels vs. SLOW Dimes: As a Real Estate Investor, Which is Better?

FAST Nickels vs. SLOW Dimes: As a Real Estate Investor, Which is Better?It seems that I have found myself having the same discussion with many small business owners, especially my personal real estate clients, as of late. I have found myself posing this question to all of them:At this moment in time, with both the knowns and unknowns regarding our economy, the general credit markets, and mortgage availability and underwriting specifically — is it better to take the best deal now, even it … [Read more...]

5 Books That Keep Me Focused As A Real Estate Entrepreneur

5 Books That Keep Me Focused As A Real Estate EntrepreneurI am an admitted bookworm who loves to read anything I can get my hands on.  My children are in awe of my library and are always asking me to point out which books are on history, which are on the presidents, which books are the classics and which ones are on real estate.  My oldest is right at the point where a Kindle sounds like a whole lot more fun than an actual book itself.  So far I have not given in and I continue to remind him … [Read more...]

How to Not Come Across as a Scammer in Loan Modifications

The promise of a loan modification may bring relief to troubled homeowners. But the process can seem daunting or impossible. As a result, many people will hire someone to handle modification. Yet, these stories do not always end well. In recent years, there have been a host of companies and individuals posing as loan modification specialists.According to Patrick Dunlevy, a Los Angeles-based pro-bono attorney, “Foreclosure rescue scams are our number one complaint right now.”Not only do … [Read more...]

Saying ‘No’ As A Real Estate Pro

  In this scenario, the word “NO” is the most powerful word a real estate professional can include in their business, and developing a knack for when to use it can be the most powerful business accelerator you have ever implemented. First, let me tell the story of the email I received this AM. Using “NO” To Get More “Yes’s” in Your Real Estate BusinessI receive emails every single week from investors who have somehow worked their way into a jam and they want to see if we can help … [Read more...]

Tips To Set You Apart As A Real Estate Professional

Tips To Set You Apart As A Real Estate Professional Providing great Customer Service had nothing to do with easy to remember 800 numbers and even less to do with under cutting other investment companies on price points.  What real estate investors really want in today’s investing environment is competence, intelligence, transparency and availability.  They want to do business with people that help them feel comfortable with making investment decisions in such a different real estate … [Read more...]

Why We Don’t Flip Real Estate as a Part of Our Business Model

Why We Don’t Flip Real Estate as a Part of Our Business ModelAs we meet additional contacts and speak with other real estate investors, one question we are asked frequently is,“Why don’t you Flip Real Estate?”I understand where the question comes from, as many individuals feel flipping is the easiest path to investment riches.  They make it look so easy on TV and sound like a cinch in the real estate Books.  The fact is, it is not easy but it certainly can be very profitable if you can … [Read more...]

Can You Really Have to Much Cash As A Real Estate Rehab Investor?

 Can You Really Have to Much Cash As A Real Estate Rehab Investor?As a real estate investor you know that you can never have too much cash. What if I could present an argument to the contrary.  An argument that demonstrates that real estate investors, especially new investors who have ready access to cash, almost always earn fewer profits then an investor who is not so cash rich. Let me explain…I received a call from a client yesterday sharing with me a recent contract he was in the … [Read more...]

Mistakes As A New Real Estate Investor

Mistakes As A New Real Estate Investor.When I first started investing in real estate, there was an expression that the seasoned investors at the local real estate investors club used for investors like me.  They didn’t say that I was ‘green’ at investing.  None of the usual monickers that get attached to those that are new at something.  No, I was referred to as ‘young and dumb’.  Young as in brand new to investing and dumb as in I thought I had it figured out.  I had read … [Read more...]

Prioritizing Offers for Success As A Good Short Sale Listing Agent

Prioritizing Offers for Success As A Good Short Sale Listing Agent.It is vital for listing agents to consider and prioritize offers based on the buyer’s ability to perform. Recently, I’ve noticed that many local agents are not “triaging” their offers properly. I frequently hear about buyers who “walk” during the short sale process. Personally, if I am going to put lots of effort into all of the components of the transaction, I want the transaction to close—not only for me, but for … [Read more...]

How to avoid Mistakes As A New Real Estate Investor

How to avoid Mistakes As A  New Real Estate InvestorAs an active investor and willing presenter at local real estate investment clubs, I am often asked about what common mistakes new investors make. Regrettably, I am rarely asked how to avoid the mistakes. The list of mistakes new investors can make is unfortunately rather long.  In this post I am going to focus on three mistakes I find as prevalent, annoying and altogether avoidable. Three Avoidable Mistakes New Real Estate Investors MakeNew … [Read more...]