Why Realtors Don’t Like Real Estate InvestorsThe meeting took place at a popular local burger hangout near the campus of Arizona State University. Fresh out of a foreclosure boot camp I took in Denver the month before, I scheduled an appointment with a highly motivated Realtor looking for new business.After the typical pleasantries were exchanged I cut right to the chase. I told this agent I needed someone that could help me find great deals on the multiple listing service. Furthermore, I … [Read more...]
Marketshare Decline With Foreclosures And Short Sales
April 20, 2012 By Leave a Comment
Marketshare Decline With Foreclosures And Short SalesAccording to latest Realtor Confidence Index survey by the National Association of Realtors, a sign that lenders have not yet released large volumes of backlogged foreclosure inventory by the end of March, when the survey was conducted. Fewer numbers of foreclosures and short sales also accounted for a decline in the distressed sale market share in March. March foreclosures fell to 18 percent from 20 percent of all sales in January and … [Read more...]
Steps To Take On How To Be A Safe Realtor and Investor
March 5, 2012 By Leave a Comment
Steps To Take On How To Be A Safe Realtor and InvestorBeing a Realtor can be a pretty dangerous job. Showing Real Estate Property to Strangers is part of the job. After all, you’re meeting complete strangers at vacant houses, which makes you an easy target for the criminal element. Of course, it’s not only Realtors who are an easy target. If you own rental properties you’re also a target because you likely go meet complete strangers at your properties too.One of the smartest things a … [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 Value: Residential vs Commercial
February 3, 2012 By Leave a Comment
How to Value: Residential vs CommercialA man and his realtor walk down the street and the man says “Realtor, I want to buy that house,” pointing to a beautiful 3 bedroom 2 bath home, “What should I offer?” The realtor responds, “Well, I’ve looked at the comparable sales in the neighborhood and it looks like another 3 bedroom, 2 bathroom home sold for $100,000 just last month. I would offer them $100,000.” The man agrees and buys the home.The next week, the same man comes back up … [Read more...]
Being A Realtor and Investor
December 29, 2011 By Leave a Comment
I attended a Real Estate Seminar and asked the Speaker what he thought about me becoming a Realtor. He advised against it. At the time, I was buying homes in foreclosure directly from distressed sellers. There weren’t a lot of short sales being done from 2001-2006. No, the sellers I was buying from had equity in their homes. You remember what equity is right?William Kozub threw the word “fiduciary responsibility” at me. Boy, attorneys sure do love big words. He explained that … [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...]
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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