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...]
8 Stupid Mistakes That Can Kill Your Real Estate Investing Business
September 30, 2012 By Leave a Comment
8 Stupid Mistakes That Can Kill Your Real Estate Investing Business When you were a baby, you made tons of mistakes.You learned to walk on your own by walking, falling, getting up, walking again, falling…You hit your head, you cried, and you learned to be more careful… but, what would have happened if you one day decided to give up walking entirely?You said: “This walking thing is just too tough for me, y’know I keep hitting my head, bumping my butt, its just waaaay too hard. I think … [Read more...]
The Choice: Making Money Wholesaling vs Getting Your Real Estate License
July 10, 2012 By Leave a Comment
The Choice: Making Money Wholesaling vs Getting Your Real Estate LicenseThe conversation can get quite “lively” when you put Realtors in a room with a group of real estate investors, especially if those Realtors aren’t investors themselves. And, this is just exactly what happened to me on the 4th of July. Inevitably we end up discussing folks that get their real estate license and the “other group of people” that work in the business as real estate investors.I went to a celebration on … [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...]
What Does Real Estate Investing Strategies and Your Lifestyle Effect Your Success
February 27, 2012 By Leave a Comment
What does your real estate investing strategies have to do with your lifestyle effect your success? “How do I choose a real estate investing strategy”?Regarding a Successful Real Estate Investing Business. One of the questions I am asked most frequently. There’s no doubt that some people are more suited for one type of investing strategy than another. There could be many reasons for this. One might be the type of experience that they already have. A good example would be someone … [Read more...]
The Top 3 Forms My Real Estate Investing Business Can’t Do Without
February 21, 2012 By Leave a Comment
The Top 3 Forms My Real Estate Investing Business Can’t Do WithoutI am a big believer of using forms in my real estate business. I have found time and time again when I am talking with a seller and I “wing it” instead of using my Property Information Form, I invariably forget to ask something important. There is some piece of information I need that I don’t get in that initial phone call. Sure, you can always call them back, but I really hate to do that. You just look unorganized.Forms … [Read more...]
Five Characteristics Of Successful Real Estate Investors
February 19, 2012 By Leave a Comment
Five Characteristics Of Successful Real Estate InvestorsOne of the greatest joys for me is to watch others succeed as real estate investors. I am always amazed how some investors jump in and can create profits from almost any deal, while others seem to struggle with each step they take. Over the course of my investing career I have tried hard to identify those characteristics which I believe exemplify successful real estate investors… before they even get started. And, while this have … [Read more...]
5 Non-Real Estate Books for Real Estate Investors
February 17, 2012 By Leave a Comment
5 Non-Real Estate Books for Real Estate InvestorsI don’t think J.K. Rowling had 39 year-old men in mind when she wrote the Harry Potter novels. Late last year, I started reading Harry Potter and the Sorcerer’s Stone, the first of seven in the series. Let’s just say I had a little trouble getting into the book. Halfway through I found myself hoping either Hogwarts would slip into foreclosure because of the global economic crisis or get invaded by terrorists. But I toughed it out and … [Read more...]
Growing Your Real Estate Investing Business
December 26, 2011 By Leave a Comment
Growing your real estate investing business is certainly about doing the work that it takes. But it is also about being crystal clear about where you want to go. You won’t get there no matter how much work you put in, if you don’t have a clear vision of exactly what you want your business to be. What do you want your business to look like in one year? In five years?Once you have answered these questions, you can begin to craft a plan to get there.Where do I start? What is your grand vision … [Read more...]
Steps Involved for Growing Your Real Estate Investing Business
December 26, 2011 By Leave a Comment
Steps Involved for Growing Your Real Estate Investing BusinessGrowing your real estate investing business whether you are a rehabber or landlord is certainly about doing the work that it takes. But it is also about being crystal clear about where you want to go. You won’t get there no matter how much work you put in, if you don’t have a clear vision of exactly what you want your business to be. What do you want your business to look like in one year? In five years?Once you have answered … [Read more...]
Can You Handle Multi-tasking Or Is It Killing Your Success?
December 15, 2011 By Leave a Comment
Can You Handle Multi-tasking Or Is It Killing Your Success?This month on the Investor Insights is, Real Estate Investing Business, we are discussing the role of goals and planning in your real estate business. I have a question for you – is multitasking killing your success?Think about it for a moment. Are you really accomplishing anything when you’re trying to do three things at once? No, you’re not as efficient and you’re likely to forget where you were.Another question for … [Read more...]
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