Real Estate Pros: It Is Time For “Business As Unusual” I love talking real estate! I usually get the opportunity to meet and talk to new and even experienced investors once or twice a month at different events around the country. These are always educational style events for investment groups and the room is usually full of questions about my families businesses. By far, the biggest question we get is about how we have continued to grow when it seems like so many are having … [Read more...]
Increase Your Rehabbing Profits by Watching TV, Really!
May 19, 2012 By Leave a Comment
Increase Your Rehabbing Profits by Watching TV, Really!You are probably reading this blog to find out just how ridiculous it’s going to be. If you are a rehabber, real estate agent, home stager, or involved in marketing real estate in any way, you might want to read on!When my family began real estate investing, we were completely dependent upon a Realtor that we hired to find us good deals. Do you know what that meant?MINISCULE PROFITS!We found out very quickly that finding a house to fix … [Read more...]
What Is the Difference Between a Joint Venture and a Partnership?
May 5, 2012 By Leave a Comment
What Is the Difference Between a Joint Venture and a Partnership?We have another sexy topic for you this month on the Investor Insights blog – real estate joint ventures and partnerships. Today’s article looks at the differences in a these two types of business structures. As a real estate investor, you may come across situations where you need to establish a joint venture or partnership such as:Sharing the riskPooling resources including money, contacts, knowledge and experienceCapitalizing … [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...]
Successful Investing while Holding a Full Time Job – Key #5: Focusing on Leverage
April 23, 2012 By Leave a Comment
Successful Investing while Holding a Full Time Job – Key #5: Focusing on LeverageBy completing the previous Key to Successful Real Estate Investing while Working Full Time you should have a good understanding of what is “Core” to your business and what is “Context”. Remember “Context” should be outsourced to other team members and “Core” are items you complete.With this you now have some things to focus on and at the top of this list is Leverage.Leverage Time, Dollars and … [Read more...]
Commercial Short Sale Boot Camp!
April 13, 2012 By Leave a Comment
Commercial Short Sale Boot Camp! You have to work hard to get the short sale process approved and to get through the process. Here’s how a commercial short sale works.A short sale is basically selling a property at the current market rate without adding in the debt owed to the owner or lender. This sale has to be approved by the mortgage holder in order to make the transaction happen, so that’s where the work starts.The ProcessThe first step to beginning a short sale is to get a market … [Read more...]
Fast Online Real Estate House Values
March 17, 2012 By Leave a Comment
Fast Online Real Estate House ValuesEver ran across a deal and wonder what a good offer would be or what the values of a home in a particular area may be so you can complete your rehab estimate? You no longer need to have a Real Estate Agent look up recently solds data, house values or comparables (comps).Read the full post here... … [Read more...]
Real Estate Deal Of The First Quarter Of The Year
March 6, 2012 By Leave a Comment
Real Estate Deal Of The First Quarter Of The YearInvesting in real estate property for the long run. Three for the Price of Two. This property was brought to us by one of our many real estate agent contacts after the property had fallen out of escrow a couple of times. The property looked rough from the street and not much better inside the front duplex. However, when you finally got to the back yard you found a small single family house that was built in the last 20 years and which was in … [Read more...]
MLS for Real Estate Investors
March 3, 2012 By 2 Comments
Looking for the MLS for real estate investors?The Multiple Listing Service, known by the acronym MLS, is a database controlled and owned by the National Association of Realtors (NAR). Technically, only licensed real estate agents who are also active Realtor members have access to the MLS. For several reasons, the NAR does not want to allow non-Realtors to get complete access.So how does a real estate investor like you get access if you are not a Realtor? Here are 5 ways: Redfin.com - … [Read more...]
How To Avoid Loosing Wholesale Deals
December 28, 2011 By Leave a Comment
How To Avoid Loosing Wholesale DealsA fellow I know got a great property under contract, found a buyer for his wholesale deal and was looking to make a quick $10,000 on the deal. However, he made a few mistakes along the way which almost cost him the deal and I want to show you how to avoid them.Read the full post here... … [Read more...]
Realtors Are a Great Source
December 27, 2011 By Leave a Comment
Realtors have been a great source for finding deals, and over the past few years, the one I have used the most. They provide a valuable service for you as a real estate investor, and if you become someone they can trust and profit by, they will do much of the work of finding good [...] Read the full post here... … [Read more...]
Short Sale Agents Can Be Your BFF
December 27, 2011 By Leave a Comment
I’ve been known to say that I am much more popular now, as a short sale aficionado, than I ever was in high school, thus proving that short sale agents can be your bff, best friend for ever. I’m not vain, and I realize that right now, I actually have something that lots of people want—information about and experience in the distressed property arena.This morning I caught an article on the Internet entitled “Three Reasons Why A Short Sale Agent Should Be Your Best Friend.”, … [Read more...]
What It’s Like to be a Realtor
December 1, 2011 By Leave a Comment
What It’s Like to be a RealtorI got a kick out of watching this video recently. It’s a nice little spoof on what every real estate agent at one time or another has probably felt. Yet, I think there is something in this that can speak to everyone, whether you are an investor, broker, mortgage professional, or attorney. I’ve said it before and will say it again. One of the biggest things that I witness most real estate professionals struggle with every single day is focus. In fact, as a … [Read more...]
Are You Wasting Your Time
October 27, 2011 By Leave a Comment
Are You Wasting Your TimeAre You a Real Estate Investor – or Something Else?A lot of Realtors will tell you they don’t work with investors. Want to know why?Chances are it’s because they’ve been burned by so-called investors in the past.Ask any Realtor and they’ll tell you: “investors” can be a serious time-suck. They’ll ask a Realtor to spend hours. Don’t Waste Your Time is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
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