The Benefits of Teaming Up in Real Estate Investing For Partners.The horror stories of business partnerships: the tale of one partner cheating the other out of his life savings, the partnership turned Ponzi-scheme with one partner in the dark about the scam, friendships ruined by a disagreement or financial losses, and families torn apart by well-intentioned business plans. Who knows how many potentially successful partnerships never happened because of fear induced by these scenarios and … [Read more...]
First Real Estate Deal Emotions: Part 1 of 2
May 30, 2012 By Leave a Comment
First Real Estate Deal Emotions: Part 1 of 2After I had successfully purchased my first mobile home inside a mobile home park I went back to my house, sat down with my girlfriend, and began balling-my-eyes-out crying. I did not know it at the time but the reason for my UNHAPPY mood was a completely necessary part of investing since I planned to make real estate investing my career.Let me paint the setting for you. It was early 2002, I had less than $500 in my savings and no real-world investing … [Read more...]
Financing Your First Real Estate Deal: How to Pitch Your New Business to Banks
May 27, 2012 By Leave a Comment
Financing Your First Real Estate Deal: How to Pitch Your New Business to BanksWould you lend to two recent college graduates who formed a partnership to invest in real estate, with little starting capital, and no business or real estate background? Just a few short years ago I was one of those college grads, eager to get my real estate investing company off the ground, and as you can imagine, securing financing to purchase our first investment property was a major hurdle. The housing collapse … [Read more...]
The 3 Best Real Estate Investing Strategies for 2012
January 24, 2012 By 1 Comment
What are the 3 best real estate investing strategies for 2012? After carefully analyzing market reports, studying recent trends and looking at where we are making the most money in the business right now, three real estate investing strategies emerged as the most accessible and the most profitable for the new year. By focusing your efforts on these three strategies, you can make 2012 your best year in real estate ever! That's right, even in this down market, there is tremendous opportunity … [Read more...]
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First Real Estate Deal Emotions: Part 2 of 2
First Real Estate Deal Emotions: Part 2 of 2Over the past 6 weeks I have been helping a new investor who has recently jumped head first into real estate investing and purchased her first property without testing her local resale market. Soon after purchasing this home, our story’s newbie investor “Karen” admits she might have bit off more than she could chew and was getting worried she had dug her own financial grave. This is when Karen contacted me.In Part 1 of First Real Estate Deal … [Read more...]