Hiring an Attorney for Your Real Estate Joint VentureEntering a real estate joint venture can be an exciting time for you and your partner. It’s tempting to start working on investment projects right away before speaking with an attorney. But it’s a big mistake. When you’re entering a JV or a partnership of any type, it’s crucial to involve an attorney who knows his/her stuff. Here are some tips for finding and hiring the right attorney for dealing with your real estate joint venture. … [Read more...]
“Jogging” into Real Estate: Setting the Pace for Your Investing Success
May 18, 2012 By Leave a Comment
“Jogging” into Real Estate: Setting the Pace for Your Investing SuccessWhile first getting started in real estate, the issue I had to deal with most was the pace at which I moved. Move too slow and you’ll never get any momentum behind you and lose out on credibility. Move too fast and you get overextended and end up wearing a straight-jacket in a padded room. It’s a very fine line that the beginning investor must learn to toe, along with the experienced investor learning to … [Read more...]
Setting Up Your Database for Your Real Estate Investing Business
May 14, 2012 By Leave a Comment
Setting Up Your Database for Your Real Estate Investing BusinessIf you’ve been following my past few articles on direct mail campaigns and the use of databases to help manage thee campaigns, you’re probably asking how exactly to set up such a database. Once you have decided on a database for your real estate business, the next thing you need to do is set it up. I gave this a considerable amount of thought before I dove into this process. Your database needs to be easy to use; in the end, … [Read more...]
Hiring Help for Your Real Estate Investing Business
April 25, 2012 By Leave a Comment
Hiring Help for Your Real Estate Investing BusinessLast week I wrote an article about the pros of entrepreneurship and hiring help for your real estate business. In the article, I alluded to the fact that a good real estate investing business should be able to grow through the hiring of additional workers in specific aspects of the business. However, additional help does not necessarily mean hiring W2 employees (which can add layers of additional risk and tax liability).For the real estate … [Read more...]
Create An Operations Manual For Your Business?
October 27, 2011 By Leave a Comment
Create An Operations Manual For Your Business?I checked out Real Estate while on my honemoon in Vieques Island, Puerto Rico. A tiny island in the Caribbean Sea. Price ranges of 4 million for mansion's to $190,000 for a 3 bedroom 2 bath home.Have You Created An Operations Manual For Your Business? is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
Finding Real Buyers for Your Wholesale Deals
October 27, 2011 By Leave a Comment
Finding Real Buyers for Your Wholesale DealsMany new investors start out wholesaling, and that’s the smart thing to do to quickly build up some cash reserves; however, it doesn’t matter if you know how to get your phone to ring off the hook from motivated sellers or if you’re a master at getting properties under contract, if you don’t know how to find a buyer to assign the deal to. What are the best ways to find buyers? First, go to your local REIA meetings and network. When I first … [Read more...]
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Putting Together a ‘Team’ for Your Real Estate Business – It’s About Results
Putting Together a ‘Team’ for Your Real Estate Business – It’s About ResultsMany on BiggerPockets, me included, often refer to the ever present, but somehow nebulous, Team. Speakin’ only for myself, Team has a very well defined meaning as it relates to what I do. Before abandoning my hometown real estate market, my Team consisted of assistants and a transaction coordinator. That was pretty misleading though, using 20/20 hindsight. Consider that from 1977 through 2003, 27 years, I used … [Read more...]