Why Invest In Real Estate? “It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” -Donald Trump Let me ask you a very simple, yet profound question: Why invest in real estate? Understanding the answer or answers to this question will help you along your investment career. The following are a few common answers I have received when I ask the question: Why People Invest in Real Estate Freedom: Frankly, this is why I … [Read more...]
Why People Don’t Want to Become Real Estate Investors
May 30, 2012 By Leave a Comment
Why People Don’t Want to Become Real Estate InvestorsChange is all around us. Foreclosure inventories and discounts are fluctuating in ways that are virtually impossible to predict at a local level. A massive wave of new multifamily construction could change the rental equation in hundreds of markets. Government and lender bulk REO-to-rental experiments could take off, drying up inventories and introducing new competition for SFR tenants. Well-heeled investment consortia promise to change … [Read more...]
Why Investors Lose Money on a certain Percentage of all Auction Deals
March 21, 2012 By Leave a Comment
Nearly one out of every four properties purchased by investors at auction over the past four years has cost them money, not because they didn’t know what they were doing but because lenders overvalued them when setting minimum bid and reserve amounts, especially in markets with weaker demand and an older housing stock. As a result, investors in one market alone, Cleveland, have lost over $56 million since 2006. A new study by two economists at the Federal Reserve Bank of Cleveland, Thomas J. … [Read more...]
Why We Don’t Flip Real Estate as a Part of Our Business Model
February 15, 2012 By Leave a Comment
Why We Don’t Flip Real Estate as a Part of Our Business ModelAs we meet additional contacts and speak with other real estate investors, one question we are asked frequently is,“Why don’t you Flip Real Estate?”I understand where the question comes from, as many individuals feel flipping is the easiest path to investment riches. They make it look so easy on TV and sound like a cinch in the real estate Books. The fact is, it is not easy but it certainly can be very profitable if you can … [Read more...]
Why I’m Getting Sued by a Tenant
February 7, 2012 By Leave a Comment
Why I’m Getting Sued by a TenantI once read a real estate book that said, “If you’re a real estate investor, it’s not a matter if you’re going to be sued, it’s when you’re going to be sued.” Well, I’ve been in the business about 10 years and I’ve dealt with dozens upon dozens of tenants and sellers and I am now being sued for the first time ever. Here’s why: A few months ago I had a tenant who signed a lease on one of my rental properties. The day the tenant was supposed to … [Read more...]
Why You’re Failing
January 31, 2012 By Leave a Comment
Why You’re FailingToday I have a dose of tough love for you. And I’m taking the medicine too, so we’re in this together. I had a training session for some of my students last night and when polled 74% of them did not have a business plan. No plan at all for success. It was shocking but not surprising. And as we went through the training to teach them to create their value statement, business plan and investment criteria it became clear from the questions asked that there was very little … [Read more...]
Five Reasons Why I Keep My Full Time Job while Investing in Real Estate
January 24, 2012 By Leave a Comment
Five Reasons Why I Keep My Full Time Job while Investing in Real EstateI have been asked many great questions by the readers of BiggerPockets, but one caught me off guard and caused me to sit back and think about what we are doing: “Why I are you still working and why haven’t you jumped into investing full time?”I found the question to be very thought provoking, as I have focused on being a full time employee and a part time real estate investor for so long that it feels like part of my … [Read more...]
Why This Is The Best Time To Buy?
December 15, 2011 By Leave a Comment
Why This Is The Best Time To Buy?In This Market? Are You Crazy? This is a Great Time for Real Estate Investors.When I tell people I’m a real estate investor these days, they think I’m nuts. Based on what they’ve read and heard, they assume that all of real estate is in the toilet – and that my investments, and my life, are right there with it. Are You Crazy Not To Invest? Why This Is The Best Time To Buy is a post from: Real Estate Investing Blog For Real Estate Investors.Read the … [Read more...]
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