Investing in Canada Real Estate vs the United States

You're about to discover the differences, the pros and cons, to investing in Canada real estate versus the United States. For the most part, the techniques that my apprentices and I employ work very well in Canada. There are some nuances to be aware of but for the most part, creative real estate investing is alive and well in Canada. Perhaps the best part is that most Canadian investors think that things are so much different in Canada when in actuality, they aren't. This video was created for … [Read more...]

Kiss of Death When Selling a House

  You're about to discover the kiss of death when selling house. Every year, thousands of home sellers fall into this trap and they later regret it. It can (or may have already) cost tens of thousands and if you are a real estate investor that sells several properties in a year, it could cost your hundreds of thousands over a career. This applies to every home seller, the one who does one deal in a lifetime as well as the person who does a thousand sales. It can be avoided very easily … [Read more...]

Home Renovation Tips for Investors

  Discover home renovation tips for investors that will help you save money and make your next rehab deal more profitable. In the following video, you'll learn what types of deals work best for real estate investing. You'll also find out some key things you must do on every deal you renovate that many investors overlook until its too late. Get ready to see before and after shots of a property that I recently renovated and why I did what I did. In addition, you'll be introduced to a … [Read more...]

Take a Well Timed Vacation

Take a well timed vacation. It can be incredibly powerful. Vacations can be surprisingly helpful for several reasons: 1. Energizing: You get to recharge your batteries. 2. Encouraging: It reminds you of one of the reasons why you work so hard. 3. Enlightening: Vacations expand your vision of what is possible. 4. Emotionally Healthy: Enjoying the prosperity you have been blessed with is healthy. 5. Efficiency Accelerator: You are capable of incredible levels of productivity, such … [Read more...]

Should You Own or Rent Your Own Home?

Is it better financially to own or to rent your own home? Most people would assume that its an easier answer and that if you can pull it off, homeownership is the way to go. You're about to discover a very unique perspective on this topic and a very surprising outcome. There are many factors to consider when contemplating becoming a homeowner and most people are unaware of many of the hidden expenses that await owning a home. Meanwhile, renting a home gets a bad rap but in many situations can be … [Read more...]

Investing in the Ghetto

Is there any money to made investing in the ghetto? Although there may not be an exact definition for what constitutes, "the ghetto", you know what it looks like when you're there. These are the parts of town that have very depressed property values, extremely high crime rates and tons of vacant or boarded up homes lining the streets. Is there any real estate investing opportunities in those areas? That's what you're about to discover:     Is Investing in the Ghetto … [Read more...]

Personal Finance Wisdom You’ll Hear No Where Else

  The following personal finance wisdom has been accumulated over many years of reading, studying and then applying what other personal financial experts have advised. Chances are, your interest in real estate investing is the result of wanting to improve your financial picture. That was my original reason for looking into real estate. I wanted to be financially free and so I figured mastering my personal finances was an important skill for attaining that goal. Along the way, I made some … [Read more...]

Giving Away Business Secrets

  Should you give away your business secrets? Many in the real estate investing community think you should. Whether it be at local real estate investor club meetings or through online forums, many investors "network" with fellow investors (aka competitors) and divulge the hard earned lessons they have learned. Should you follow the crowd? This is a very hot topic within real estate investing circles. In this video, you'll discover how this activity has become so pervasive as well as my … [Read more...]

Ignore Real Estate News?

  Real estate news has dominated headlines for years. Certainly when the bubble began to expand, then when it burst and now the trend has continued throughout the recovery. Real Estate investors can easily get caught up in the latest changes in market statistics and forecasts. But how helpful is following all that news? Should you consider ignoring much of the hubbub or is shutting off the constant flow of news a detriment to savvy and informed investors? In this video, you're going to … [Read more...]

7 Ways Real Estate Investors Fail

  You're about to discover the 7 ways real estate investors fail. These are the most common ways that investors fall apart in real estate. They (1) quit too early, (2) run out of money, (3) do bad deals, (4) get into bad partnerships, (5) get sidetracked on "bigger and better" deals, (6) get lucky on the first deal, or (7) just truly have no idea what their doing. Here is a detailed discussion each of those 7 ways real estate investors fail. You can listen to my podcast version (7 Ways … [Read more...]

Estimating Rehab Costs Like a Pro

  Estimating rehab costs like a pro involves looking at real estate with a certain set of lenses. What has taken decades to master, you can learn by simply taking a walk with me through a property. There has been a recent trend to try to shortcut calculating how much it is going to cost to fix up a house by using rehab calculator apps or online software tools. As you're about to see, a simple calculator from the dollar store is all you need. The key is in how you analyze the property. … [Read more...]

Simple Tip to Sell Your House Quick

  You're about to discover an incredibly simple tip that will help you sell your house quick. Shockingly, very few real estate agents and investors use this technique despite how easy it can be to do and how effective it can be to lure buyers to your property over the competition. Instead, many use an old, antiquated approach that yields little to no results. Don't expect something complicated. It's more like enlightened common sense. Here's your simple tip on how to sell you house … [Read more...]

Missing Real Estate Success Ingredient

You're about to discover the missing ingredient to most real estate investors success recipe. It's not a specific investing technique or strategy. Instead, it affects the ability of a real estate entrepreneur to withstand the inevitable obstacles that will most certainly try to keep them from reaching the top of their success summit. In fact, what you're about to learn will be as helpful to your career in real estate as anything you'll learn from me. Here is the missing real estate success … [Read more...]

Dodd Frank Effects on Real Estate Investing

Dodd Frank went into effect January 10, 2014. How will this affect real estate investors? You're about to discover the most important details of this new legislation as it pertains to real estate investing. Certainly this should not be construed as legal advice, that's what attorneys can help you with, but hopefully it will help raise your awareness so that you can dig deeper if need be.     Dodd Frank Effects on Real Estate Investing   What I want to describe for your … [Read more...]

Best Legal Entity for Real Estate Investing

What is the best legal entity for real estate investing? In the following video, you're going to discover what a legal entity is, why understanding legal entities is important for real estate investors, the different types of entities for real estate investing as well as what the best one is for most people. DISCLAIMER: The following is NOT legal advice. Before making any decisions on legal entity structure, consult a qualified attorney as well as as accountant. One big disclaimer: I … [Read more...]

Rudolph the Red Nosed Real Estate Investor

Rudolph the red nosed reindeer can teach real estate investors an important truth about investing. In the classic holiday cartoon, Rudolph is initially concerned about his red nose and he assumes he is the only misfit around. Then he meets an elf who wants to be a dentist and along with a few other unique characters. They set out on a journey that ends with discovering an entire island of misfits. How does that story relate to real estate? The best real estate deals are oftentimes the misfits. … [Read more...]

Tax Lien Investing Pros and Cons

You're about to discover tax lien investing pros and cons from the real world of real estate investing. This isn't a regurgitation of what you could find elsewhere on the web. These lessons come from the school of hard knocks in being in the tax lien investing game. Therefore, you may be surprised by what you learn as it may not line up with traditional wisdom on the subject.     What's a Tax Lien?   In simple terms, it is when a person does not pay their property … [Read more...]

Real Estate Surfing Lessons

What can surfing teach you about real estate investing? More than you may think! You're about to discover the similarities between successfully catching a wave and successfully investing in real estate; from getting started, to positioning, to timing, to selection and even to balance. You'll transition back and forth between the classroom and on the ocean for an educational and entertaining experience. Without further ado, here is your real estate surfing lesson:   Apprentice Program … [Read more...]

Quit Your Job for Real Estate?

  Should you quit your job to be a full time real estate investor? For so many budding creative real estate entrepreneurs, the thought of leaving their J-O-B to commit full time to real estate is a very liberating dream. And it is made all the more tempting every time you have a bad day at work. But when is the best time to make the leap to full time real estate investor? Find out the facts on this very important topic BEFORE you quit your day job!     I get not this … [Read more...]

Investing in Real Estate Close to Home vs Long Distance

  Investing in real estate close to home vs long distance is a common concern for many real estate investors. Should you invest in the areas that have the best performance statistics or simply focus on investing in your own backyard? Oftentimes, news articles rate the top cities or states for appreciation, foreclosure activity, days on market, rental rates compared to average sales price or any other number of market details. It can be tempting to view your own local market as being … [Read more...]

Government Shutdown Effects on Real Estate Investors

  What effects are real estate investors experiencing from the the government shutdown? Those real estate investors who are selling properties to retail buyers, which is typically the case for those investors that buy, fix up and resell, or flip, properties, are the most affected by the shutdown. The government's closed doors is playing havoc with the loan origination process. And when buyers can't get loans, real estate transactions don't close and then real estate investors who are … [Read more...]

What They Don’t Tell You About Wholesaling Houses

Wholesaling houses is the real estate investing strategy of choice for many beginners. For those brand new to the business, it appears to be the best place to get started because it typically requires little or no money and it also appears to contain very little risk. However, all that glitters is not gold. There is a dirty little secret that most beginners are unaware of when it comes to wholesaling. Here is what they don't tell you about wholesaling houses... Definition of Terms Digression: … [Read more...]

5 Home Selling Tips Your Agent Doesn’t Know

You're about to discover 5 home selling tips that your real estate agent doesn't know. If you own a house now or plan to own a home in your life, the wisdom in this brief article could be worth thousands of dollars to you because you're going to learn how to sell a house faster and for more money by simply making sure the listing description of your property is optimized for success. Sadly, most real estate agents are unaware of what you're about to read. Most houses are sold by listing the … [Read more...]

2013: A Perfect Storm for Real Estate Investors

2013 has become the perfect storm for real estate investors. Interest rates are at all time lows. Real estate prices are at 10 year lows. Inventory has decreased. Home prices are on the rise. It's a perfect storm! But you may want to move now, because nobody knows how long these conditions will last. Let’s take a look at some of the conditions that have created this perfect storm. State of the National Real Estate Market   Home affordability is a valid indicator as to whether … [Read more...]

Are You Paying Too Much in Property Taxes?

  You may be paying too much in property taxes. Property taxes are based on an appraisal the tax assessor provides on every piece of real property in its jurisdiction. The higher your tax appraisal is, the more your property taxes will be. Too often, in political circles, the focus is on tax rates. When it comes to property taxes, there are two parts to the equation; tax rate AND tax appraisal. The quieter, less politically disruptive approach to raising property taxes is to raise tax … [Read more...]

WORST Way to Invest in Real Estate

  You're about to discover the WORST Way to invest in real estate. Rather than focus on what to do, you'll going to learn what NOT to do. Oftentimes, bad real estate deals turn into fabulous learning lessons. For example, if you bought properties the traditional way in the mid 2000s, you may have discovered that real property doesn't always go up in value. But even better is when you don't have to go through the heartache and trouble yourself. Instead, by observing the mistakes of … [Read more...]

Goal Setting for Real Estate Investors

  Goal setting for real estate investors is critical for achieving what you hope to accomplish in real estate. Several studies have proven the effectiveness of goal setting. When you have your destination in mind, you're just, flat out, far more likely to actually get there. But are you setting goals correctly? And if you are setting goals, is there anything you're missing that could take you to the next level? What you're about to discover is how real estate investors should set … [Read more...]

5 Ways to Save on Real Estate Investment Taxes

  There are many different ways to save on real estate investment taxes. Rather than bog you down with the minutiae of tax savings tips such as keeping track of gas mileage for every trip to see a property, you're going get the most powerful, most effective 5 ways for real estate investors to reduce their tax liabilities. And sorry, you're not going to be given any creative deductions like writing off cruises to the Caribbean or setting up offshore accounts in tax sheltering countries. … [Read more...]

IRA Real Estate Investing

IRA real estate investing is a great way for people to invest in real estate in their retirement account. Have you ever heard of buying real estate in your IRA or 401K? If not, you're going to be pleasantly surprised to discover that you have more retirement investment choices besides mutual funds and real estate can be a great place to grow your nest egg. If you already have some knowledge of investing in real estate in your IRA, hopefully you're opened minded because you're about to discover … [Read more...]

Chinn Ho – Chinese Rockefeller of Hawaii

  Chinn Ho, dubbed the Chinese Rockefeller of Hawaii by Time magazine, was a self made multi millionaire who became the first Chinese American in Hawaii to break through the all-white Hawaiian business establishment and become a leader in the business and investment leadership of Hawaii. Many believe this Chinese Horatio Alger was the inspiration behind the character Hong Kong Kee in James Michener's epic novel Hawaii.     Chinn Ho was born on February 26, 1904, one of nine … [Read more...]

Hidden Way to Reduce Closing Costs

  Would you like to know a hidden way to reduce closing costs? More specifically, how about a quick tip to save hundreds on one of the largest closing costs on a closing statement? I am referring to title insurance. Nearly every buyer of real estate requires a title insurance policy. As a real estate investor, in some cases, you are buying the property and pay for title insurance as the buyer. In other deals, you are selling the property and the buyer may require you to pay for their title … [Read more...]

Should Real Estate Investors Join the Better Business Bureau?

  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...]

Determining Property Value the Right Way

  Determining property value the right way is a skill that is helpful for any owner of real estate, but it is particularly crucial for real estate investors because if you determine a property's value incorrectly, you can make a huge investing mistake! For anyone who is, or is thinking about becoming, a real estate investor, having the ability to correctly determine property values is as vital to your success as any other skill you can acquire. And too often, real estate investors value … [Read more...]

Real Estate Truth vs Fiction

  Real estate truth can be difficult to find amidst all the fiction. In his fantastic book, "The Signal and the Noise", author Nate Silver so accurately points out that in this information age, the large and growing amount of inaccurate advice (noise) can drowned out the truth (signal). At local REIA club meetings and in online forums, real estate truth is being smothered by the loud noise of bad advice. And perhaps the most dangerous part about it, is that the fiction is coming from very … [Read more...]

Should Real Estate Investors Get a Real Estate License?

  "Should Real Estate Investors Get a Real Estate License?" is a question that comes up quite a bit. You're about to discover where it makes sense as well as where it doesn't make sense to get your real estate license if you are also investing in real estate. The most important fact to start with is that me, as well as most successful real estate investors in this country, are licensed real estate agents. There must be a reason why that is the case. And there is, which we will get into. … [Read more...]

The Biggest House Flipping Mistake

The biggest house flipping mistake most real estate investors make is so simple to avoid, yet so devastating when it happens. Experts and beginners alike fall victim to it and sadly, they rarely recognize it as a mistake at all. Instead, house flipping investors tend to blame the economy, the real estate market or just plain, bad luck when it occurs. The reality is that this mistake can effect any property owner looking to sell his/her property and it has nothing to do with outside factors like … [Read more...]

Secret to Flipping Houses

There is a hidden secret to flipping houses that only the most experienced real estate investors know anything about. You're about to discover what most people will never know about flipping houses. I never read about this in a book. I never saw it on a house flipping tv show. This game changing lesson was revealed to me through the real world of real estate. It started out as a hunch after flipping houses myself and then it became more clear to me after coaching and mentoring investors from all … [Read more...]

Magic Real Estate Investing Formula

Would you like a magic real estate investing formula that will guarantee your success? For the past decade, I have been pondering why some real estate investors become wildly successful and while others fail miserably. Does it have to do with age, ethnicity, background or financial position? Is it due to location or market conditions? Or is it about personality and previous experience in business or investing? Since I share in the profits of my student's deals, a portion of my overall personal … [Read more...]

Is Flipping Real Estate Illegal?

Is flipping real estate illegal? This is an extremely misunderstood topic among beginners and experts alike. The legality of flipping real estate is swirling with myths and half truths and although I am not an attorney, I will lay out the facts that my experiences have taught me on the subject. (Disclaimer: I am not providing legal advice in this article and for such advice on any legal related issues, always consult a qualified attorney.). If you are (or are considering becoming) a creative … [Read more...]

Is Wholesaling Real Estate Ethical?

Since wholesaling real estate involves getting a property under contract at a very low price and then, without ever making any improvements whatsoever, re-selling the property (or assigning your equitable interest) to another buyer for a higher price, then an ethical issue may exist that is rarely talked about or mentioned. It's the elephant in the room when the topic of wholesaling real estate is discussed but no one is talking about it! Usually, the more common question investors ask is, Is … [Read more...]

Creative Real Estate vs Traditional Investing

Is creative real estate right for you or should you go the traditional route? You'll discover the differences, the pros and the cons of both approaches and which one is right for you. First let's take a look at what each one looks like: With traditional real estate, an investor... Buys investment properties on the MLS. Finds deals by calling up a real estate agent. Buys foreclosures that are listed on the MLS. Buys foreclosures at the foreclosure auction sale. Buys properties … [Read more...]

Willow Tufano | 14 Year Old Real Estate Investor

PORT CHARLOTTE, FL - Willow Tufano became a real estate investor this year, at the tender age of 14. She partnered up with her Realtor mother Shannon and the two purchased a short sale in January 2012 for $12,000. They split the cost to purchase the property and the renovations. Once completed, they leased it out. In October 2012, they purchased a second property together for $17,500 with the same funding arrangement. Although they don't live in Port Charlotte, FL, they invest there because, … [Read more...]

Best Real Estate Blog Contest

The results are in on the best real estate blog on the internet contest. This blog was voted in the top 2 of all blogs online! It was a week long vote and real estate blog readers from around the globe cast their ballots. The race was very, very close. The incumbent took # 1. Now I know how Romney feels. Seriously though, with the thousands of real estate blogs out there, it is an honor to have the general real estate public vote this blog as among the top 2 on the internet. I love the subject … [Read more...]

How to Buy Real Estate Without Cash or Credit

The University of Central Florida's Real Estate School asked me to give a lecture on how to buy real estate without cash or credit. Say what you will about academia providing real world applicable up-to-date education, as for UCF and their real estate department, they are as real world focused and up-to-date as you'll find in higher education. Did you know that UCF is also one of the largest universities in the United States? UCF is a huge institution. So, of course, it was an honor and a … [Read more...]

Real Estate Productivity Booster

Is your real estate productivity lacking? Would you like to be more productive? After all, the most successful real estate investors in the world have the same amount of time in a day as you do. It's true. You're about to discover a very simple yet extremely powerful way to greatly increase your real estate productivity. Plus, this technique can relieve stress, reduce headaches and help you achieve your goals faster and easier. What is this real estate productivity booster? Write … [Read more...]

Mortgage Loan Forgiveness is Here!

Mortgage loan forgiveness is for real and it is here. How? Back in the spring of 2012, federal banking regulators settled with 14 major mortgage servicers over alleged foreclosure abuses to the tune of $25 Billion. Among the 14, included industry leaders such as Bank of America, JPMorgan Chase, Citibank and Wells Fargo. Now, homeowners are opening letters from these companies and nearly fainting when they read the substance of the letter which describes complete mortgage loan forgiveness. Here's … [Read more...]

How to Make Money in Real Estate

Discovering how to make money in real estate can be a daunting experience. Real estate is a vast subject matter and millions of people earn a living (and some actually become fabulously wealthy) from real estate. After being a part of more than 1,000 real estate transactions over the past decade personally, along with coaching and training thousands of investors from all walks of life throughout the United States and Canada, I've heard, seen and done enough in real estate to simplify for you how … [Read more...]

Is Buying a Foreclosure a Good Idea?

Is buying a foreclosure a good idea? Maybe. Are you looking to buy a home to live in or are you an investor? If you're goal is to occupy the property as your primary residence, buying a foreclosure may be right for you. You can get more bang for your buck by purchasing a home that needs a little TLC. But if you are a real estate investor, buying a foreclosure may not be a good idea at all. Here are four important steps to follow when buying a foreclosure to live in as your home: Hire a … [Read more...]

5 Steps to Negotiating Real Estate

Have you been negotiating real estate all wrong? Studies have shown that only 40% of signed real estate agreements end with a successful closing. Why so few? Many buyers and sellers are conducting their real estate negotiations all wrong. Many assume that in a real estate negotiation, if you get the best of the other party and the deal is heavily one sided to your direction, that you have won. That may work with other businesses, but in real estate, the opposite is true. If a deal is too … [Read more...]

Best Real Estate Investing Book Ever Written

Perhaps I am a bit bias when I claim that my new book, "How to be a Real Estate Investor," is the best real estate investing book ever written. This is the book I wish I would have read (I wish it would have been written) when I first got started investing in real estate. It provides a complete picture of how to become a successful real estate investor in today's market and covers all aspects of investing, from the more traditional techniques all the way to the most advanced creative strategies. … [Read more...]