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Real Estate Investing Principles: How to Build a Solid Business Foundation
2012-05-26 15:41:00 In a day where we are WOW?d and AMAZED by marketing minds through TV, billboards, magazine ads, internet flash ads, etc., we can easily become distracted by the glamour and fantasy of things and lose touch with reality. In my last blog post, I explained that by watching HGTV and other home improvement shows, we ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. Real Estate Investing Principles: How to Build a Solid Business Foundation
Using Facebook Advertising to Super-Charge Your Real Estate Investing
2012-05-20 17:01:00 Unless you’ve been living under a rock for the last five years, you know Facebook. You probably can’t go two hours without checking your wall, ?liking? your friend’s comment, and laughing at a video of a golden retriever playing the piano (seriously, check that one out. I’ve put a link on my own Facebook page!) ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. Using Facebook Advertising to Super-Charge Your Real Estate Investing
Real Estate in Singapore: Explorations of Asia for Property Investors
2012-05-18 14:02:00 Ah, Asia. It used to be so mysterious, exotic and dangerous. And in many peoples? minds, it still is largely populated by martial artists and dragons, mysterious and foreboding, head-to-toe tattooed organized crime figures, deranged and dangerous regimes and bewildering technology, all nestled against a backdrop of incomprehensible cultural norms, sights and alien alphabets. All ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. Real Estate in Singapore: Explorations of Asia for Property Investors
Common Ways to Heat and Cool a Mobile Home
2012-05-17 11:00:00 Mobile homes and manufactured homes utilizes many of the same features and mechanical systems when it comes to heating and cooling a home’s interior. Below is a list of the most popular heating and cooling systems used in many mobile homes today. Split-Unit Central Air Conditioning: Around the time I was ten years old, my ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. Common Ways to Heat and Cool a Mobile Home
3 Key Factors in Buy and Hold Real Estate Investing Success
2012-05-15 14:10:00 As a Buy and Hold Investor for 10+ years I have seen a lot of things, made some mistakes and met a lot of people in the real estate business. This collection of experience has lead me to form an opinion on what makes a Buy and Hold Investor Successful. In this article I will ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. 3 Key Factors in Buy and Hold Real Estate Investing Success
Setting Up Your Database for Your Real Estate Investing Business
2012-05-14 14:06:00 If 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 ...This Article is Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved. Setting Up Your Database for Your Real Estate Investing Business
How to Get Poor Quickly Real Estate Investing: A Walk Through a BAD Deal
2012-05-13 02:11:00 I got a call out of the blue the other day. It was a real estate investor whom I?d never met before. She had seen one of my listings on the same street where she had just put a contract on a home, which was a foreclosure. I knew the home and I knew what ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. How to Get Poor Quickly Real Estate Investing: A Walk Through a BAD Deal
Why does it feel like Goldman Sachs is Slurping our Homes
2012-05-11 20:22:00 IS IT JUST ME or are institutional investors also raiding your city? Here I loosely define ‘institutional investors’ as ‘organized money’, something backed by a well oiled capital machinery. Because it sure don’t look like cash from under their pillow. My emotional progression about all of this (not in the least, random): Damn, those guys ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Why does it feel like Goldman Sachs is Slurping our Homes
Real Estate Investing ? Local Or Far Away ? The Common Denominator
2012-05-08 16:34:00 Last week’s post about the decision, or rather preference real estate investors have for where they invest, delivered a priceless comment thread. Those who preferred the best market possible in which to invest were met, point for point by those who wouldn’t leave their local market if the Lord Himself came down and ordained it. ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Real Estate Investing – Local Or Far Away – The Common Denominator
Why You Must be Versatile as an Investor and Have Many Strategy Options
2012-04-29 17:14:00 In order to be successful you have to know how to close multiple types of deals. You have to know how to wholesale, you have to know lease options and also subject-to?s. You also need to be smart enough to figure out what type of deal applies to each type of selling situation. For instance, ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Why You Must be Versatile as an Investor and Have Many Strategy Options
Hiring Help for Your Real Estate Investing Business
2012-04-25 18:44:00 Last 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 ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Hiring Help for Your Real Estate Investing Business
Creating Successful Direct Mail Campaigns for Real Estate Investing
2012-04-23 14:01:00 Direct mail campaigns can be a great way to keep your funnel full of leads. I have said many times before, that direct mail is my number one source of leads. But there are some basics concepts that you need to follow in order for it to work for you. Direct Mail Basics One of ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Creating Successful Direct Mail Campaigns for Real Estate Investing
Real Estate Investing is NOT Easy
2012-04-20 16:50:00 The video camera, gear pack and tripod weighed about 80 lbs. The temperature was a balmy 112 degrees. I stood there in the middle the street with the soles of my shoes slowly sinking into the hot asphalt, the sun beating down on my fair skin. A block away a man had barricaded himself inside ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Real Estate Investing is NOT Easy
The Outcome of My Lawsuit From an Unhappy Tenant
2012-04-15 19:19:00 Several weeks ago, I wrote about how I was getting sued by one of my tenants for the first time ever. To give you a quick recap, I had a tenant sign a lease and then the day she was supposed to move into the property she claimed that it was ?uninhabitable? and wanted her ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. The Outcome of My Lawsuit From an Unhappy Tenant
Determining Exactly What the Seller Wants: A Probate Case Study
2012-04-09 14:04:00 I put another wholesale deal under contract a few days ago. Once again I was presented with evidence that day, that I was the only one still in the game at the time they were finally ready to sell the house. I was the only person still mailing to them more than a year after ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Determining Exactly What the Seller Wants: A Probate Case Study
Creating Your Own Bank for Seller Financing
2012-04-05 16:42:00 For many investors offering the option of seller financing is attractive if you want to get a property sold, but there could be one tiny hiccup! You may not have immediate returns on your cash to do your next investment deal especially if you’re an active investor looking to wholesale properties or do fix and ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Creating Your Own Bank for Seller Financing
Successful Investing while Holding a Full Time Job ? Key #2: Doing Your Hom
2012-04-02 20:52:00 The second article in our series of six keys to successful investing while holding a full time job is the one I get the most push back on. I don?t understand it, as I believe that it is very simple, yet people are always trying to cut corners or they try to outsmart the system. ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Successful Investing while Holding a Full Time Job – Key #2: Doing Your Homework
Escaping the 9 to 5
2012-04-02 12:01:00 Just about everyone I know, has a ?JOB? when they decide to invest in real estate. After giving it a try, most folks will decide before too long if real estate is for them or not. I have found that people either like it or they don?t. Let?s face it, succeeding in real estate takes ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Escaping the 9 to 5
Working with Lenders Who Self Manage Appraisals
2012-03-29 22:15:00 Anyone who has been actively investing in real estate over the last few years and has been working with a traditional lender knows the kind of difficulty surrounding the appraisal process. It really started in 2009 with the new HVCC laws that went into effect to prevent abuses in the industry between lenders and appraisers. ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Working with Lenders Who Self Manage Appraisals
How Bankruptcies affect your Note Investment
2012-03-23 17:22:00 Just the word alone sends shivers down my veins, bankruptcy! I have seen many lives changed forever by a bankruptcy, and while I have never had to declare bankruptcy, I have owned some note investments where the homeowner has declared bankruptcy and thankfully because all of my note investments are secured by a tangible asset ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. How Bankruptcies affect your Note Investment
Holding Paper for Foreign Nationals
2012-03-21 19:20:00 I know some people will look at the title of this blog and think to themselves, ?what does that even mean?? In short, ?holding paper? is simply a real estate term used to describe someone who holds the mortgage on a particular property. There are many experts and articles written about how to create and ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Holding Paper for Foreign Nationals
Even the Best Attempts to Screen Your Calls Don?t Always Work
2012-03-19 13:30:00 I don?t know if this has ever happened to you or not, but I had to tell someone yesterday that I couldn?t pay them even $500 or $1000 for their house. In fact I had to tell them that they needed to call Habitat for Humanity and see if they could donate the land and ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Even the Best Attempts to Screen Your Calls Don?t Always Work
In Life, and Real Estate Investing, Application is the Difference
2012-03-15 17:30:00 There seems to be an app for just about everything these days. With Cardio Trainer I can track how many miles I walk or run, calories burned, miles per hour and distance. ColorNote is a digital Post-It app I use to keep track of my things to do. doubleTwist converts my iTunes library to my ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. In Life, and Real Estate Investing, Application is the Difference
Buying with Cash and Ignoring ARV
2012-03-14 14:44:00 I don?t ever remember a time when so many investment properties were being purchased with cash. With today?s unbelievable real estate prices, many investors are simply forgoing traditional financing as well as hard money financing in favor of cash purchases. In fact, many investors are simply converting their retirement accounts to self-directed accounts and paying ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Buying with Cash and Ignoring ARV
What Is Your Freedom Plan?
2012-03-12 15:19:00 When I first started investing in real estate I had a plan. I was going to rehab and sell one house, then take those profits and use them to buy two rentals. That was my plan. Then I was going to repeat the process again and again. On the surface it seemed like a good ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. What Is Your Freedom Plan?
Attention Retirees Living Off Of Bond Yields: Here?s A Viable Alternative
2012-03-10 16:31:00 You’re retired, so the risk you’ll tolerate at this point is significantly lower than 20 years ago, right? When retirement came, you shifted your nest egg from equity to the ‘fixed income’ you’ve been programmed to acquire at this point. Thing is, very low risk bonds yield little more than 2-3%. Much more than that ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Attention Retirees Living Off Of Bond Yields: Here’s A Viable Alternative
Gas Station Mortgage Notes
2012-03-08 16:07:00 Commercial mortgage notes ? those notes secured by commercial property ? are generally considered more risky to note buyers than comparable residential notes. Owners of commercial buildings can feel less tied to those properties than they would to their own homes, plus they are susceptible to business trends, tenants, and all of the other financial ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Gas Station Mortgage Notes
A Real Estate Investing Strategy that Works in ANY Market
2012-03-04 16:16:00 One thing that the last several years has taught us is that financial markets can go up and they can go down. The real estate market is no different. When markets go up, everyone is happy and even bad investments can turn out okay. When markets go down, investors who used the wrong real estate investing strategy at ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. A Real Estate Investing Strategy that Works in ANY Market
Note Investing and Retirement Planning
2012-03-02 15:47:00 I learned very early on that many real estate veterans are big fans of note investments. It wasn?t until I had seen enough toilets, tenants and trash that I understood what they were getting at?? the consistent cash flow that comes from the note!! I want to give you another perspective to consider in your ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Note Investing and Retirement Planning
Real Estate Investing Strategies and Your Lifestyle
2012-02-27 15:20:00 What does your real estate investing strategy have to do with your lifestyle? Everything! One of the questions I am asked most frequently is ?How do I choose a real estate investing strategy?? There?s no doubt that some people are more suited for one type of investing strategy than another. There could be many reasons ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Real Estate Investing Strategies and Your Lifestyle
The Different Flavors of Note Sales Techniques
2012-02-23 22:37:00 Owning a real estate note is, in many ways, like owning an ice cream shop. You have different flavors of ice cream to satisfy the various tastes of your customers. Having an ice cream shop of just chocolate or vanilla ice cream would limit the growth potential of your business. Use that same thought process ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. The Different Flavors of Note Sales Techniques
All ?OldSchool? Does Is Produce Results Every Time It?s Tried ? And Everywh
2012-02-21 15:25:00 As a teenager in the 1960′s it seemed the world was tryin’ to make too many sea change pivots at once. We don’t seem to really become consciously aware of the world outside our neighborhood, school, and specific ‘kid’ stuff ’til we’re in jr. high school. Heck, now it’s not even called that — it’s ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. All “OldSchool” Does Is Produce Results Every Time It’s Tried — And Everywhere We Look
The Top 3 Forms My Real Estate Investing Business Can?t Do Without
2012-02-20 17:04:00 I 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 ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. The Top 3 Forms My Real Estate Investing Business Can’t Do Without
So you want to Buy Real Estate with an IRA? A Few Mis-Steps to Avoid!
2012-02-18 19:01:00 I recently attended a Webinar dealing with the IRS which covered whether or not your IRA is operating as a true IRA providing you protection, and the advantages that come when dealing with the IRS. Before I go any further, I want to make sure and point out that a majority of these Webinars ? ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. So you want to Buy Real Estate with an IRA? A Few Mis-Steps to Avoid!
The Upcoming BiggerPockets Summit Will Set the Bar Higher
2012-02-14 19:01:00 Though licensed many years earlier, I didn’t attend my first seminar/conference until 1977ish. It was a seminar on real estate counseling put on my an icon in the business. Same with the next two I attended, both led literally by real estate icons. Then it was on to CCIM training in 1980, one of the ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. The Upcoming BiggerPockets Summit Will Set the Bar Higher
Why We Don?t Flip Real Estate as a Part of Our Business Model
2012-02-14 16:10:00 As 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 ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Why We Don?t Flip Real Estate as a Part of Our Business Model
How to Find a Real Estate Investing Mentor
2012-02-12 15:41:00 Over the past 10 years I?ve had several mentors and I still have one to this day. I plan on having a mentor until the day I die, because I?m pretty sure there is always going to be someone on the planet who is smarter than me. Just like everyone else, I?ve had good mentors ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. How to Find a Real Estate Investing Mentor
Building a Pipeline of Short Sales
2012-02-09 15:58:00 Any investor or homebuyer that has worked through a short sale in the last year knows what a lengthy process this can be. I actually bought a new personal residence in 2011 and it took 8 months for the bank to finally approve our offer. Of course, this was after multiple denials and re-offers, appraisals, ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Building a Pipeline of Short Sales
Our Real Estate Investing Model in Detail
2012-02-08 20:00:00 The questions I get most frequently via email from the BiggerPockets audience are: - Can you tell me more about your model? - Why do you think it works? - Can I copy your model in my market? - How can I participate in it? Instead of responding to emails weekly around these topics, I thought ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Our Real Estate Investing Model in Detail
Purposefully Planning Your Retirement ? What Is Time To You?
2012-02-08 14:05:00 Over the last 35+ years I’ve spoken with literally hundreds of people convinced they were seriously preparing for retirement. The problem for many is one of scale. For a couple in their 40s who make $80,000 yearly between them, $250,000 is one heckuva lotta money. Yet, if they’re 45, retiring at 65, turning that amount ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Purposefully Planning Your Retirement – What Is Time To You?
Even Note Investing Has Guru Traps
2012-02-03 17:19:00 Our education in any business is infinite, and my passion in note investing has given me the opportunity to meet with some amazing people in the note business and I actively look for new information to perfect my craft. Currently I receive daily newsletters and publications on the concept of note investing, some of which ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Even Note Investing Has Guru Traps
Real Estate Investment Schools of Thought Vary ? As Does Their Mileage
2012-02-02 14:25:00 Many years ago a guy in his early 40s called for an office appointment. He’d invested in his first small income property, and was troubled by the advice his 70 year old dad had offered. In fact, there was tension between them about what investment strategies the younger man should employ. Dad, we’ll call him ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Real Estate Investment Schools of Thought Vary – As Does Their Mileage
If I were designing a Real Estate Investing Course
2012-01-31 14:33:00 Please Note this is just an outline of a sample course and I am not selling or promoting anything. I am simply frustrated by the lack of straight forward, simple to understand real estate investing courses. I was so frustrated that I took some time on my yearly vacation to design an eight-hour program that ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. If I were designing a Real Estate Investing Course
Mortgage Notes ? A Hard ?Land-ing?
2012-01-25 20:20:00 Yesterday, a guy called me wanting to sell his mortgage on a small piece of land located in a desolate area, far from any population centers. The parcel had access to water (from a well) but no other improvements. He purchased the property last summer for $60K and had just sold it for $110K. Of ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Mortgage Notes ? A Hard ?Land-ing?
Attention Cash Buyers With Cheap, Free ?n Clear Rental Homes
2012-01-24 21:31:00 It’s so enticing to be able to buy a home relatively cheap, for cash, isn’t it? Sometimes, though rarely, it’s even better when they’re young and pretty. If there’s little or no fix-up, the high lasts extra long. You’re in that sweet career spot where you’re above the middle point in your career earnings, say ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Attention Cash Buyers With Cheap, Free ‘n Clear Rental Homes
4 Ways to Build a Strong Real Estate Investing Financial Education Today
2012-01-23 19:03:00 “If you think education is expensive, try ignorance.” – Unknown Your first real estate investment should be a solid financial education If you are like me, you?ve probably made a few mistakes in your investing career. Every successful real estate investor has made plenty of them. However, you can limit your mistakes and increase your odds of ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. 4 Ways to Build a Strong Real Estate Investing Financial Education Today
Real Estate Investing is About More Than The ?Doom & Gloom? of the Media He
2012-01-18 20:15:00 Surprisingly Gloomy Headlines Betray the Real Story I’ve always heard that negative news stories, whether on TV or in the paper, always sell better than the happy go lucky story. That trend seems to be true recently as I have noticed nothing but negative news stories on the state of the real estate industry. I ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Real Estate Investing is About More Than The ‘Doom & Gloom’ of the Media Headlines
What?s the End Game Of Your Investment Plan? Is Your Plan Congruent With It
2012-01-18 14:04:00 Let’s say you have, give or take, $70,000 in your Wall Street investment account, or 401K. This account generates $500/mo in income. You’ve been adding $1,500/mo out of your after tax salary to the account, resulting in a monthly investment of $2,000 — 25% of which doesn’t come out of your family earnings from work. ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. What’s the End Game Of Your Investment Plan? Is Your Plan Congruent With It?
Should You Allow Pets in Your Rental Property?
2012-01-16 14:45:00 This has been a subject that has been debated for as long as I can remember; whether or not to allow your tenants to have pets. What I have always found, is that it really doesn?t matter what your policy is. They are probably going to bring them whether or not you actually allow pets. When ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. Should You Allow Pets in Your Rental Property?
BiggerPockets Real Estate Investing Summit 2012
2012-01-06 21:01:00 If you are a real estate investor, seasoned or just getting started, or even if you are just curious about real estate investing, you would be wise to consider attending the BiggerPockets Real Estate Investing Summit and Expo on March 23 – 24 in Denver. Thompson’s Realty is proud to be a sponsor of this ...Originally posted on Phoenix Real Estate Guy. If you are reading this anywhere but inside your RSS feed reader, the site you are on is guilty of stealing content. |
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