Memphis Project Continued
Ok... we're off and running. After several hours on the phone with various departments of Memphis government, the City turned out to be a little more understanding than I thought. As the first lesson was "don't assume anything," the second lesson is "don't overreact." The City has released funds to our contractor and clean-up and construction has begun. As of right now, the tiny delay will be minor in the grand scheme of things. Now that the City is seemingly no longer an obstacle, the weather may be. It's been too cold and wet the last few days for our ...
Case Study – Working in Memphis
This blog and my podcast has taken a little bit of a back seat in the last few months as I’ve been out doing what I teach, investing in real estate. My latest project is a 14-unit multi-family building in Memphis, TN. It’s not my biggest purchase to date, however, it is my biggest project. You might be able to tell from the photos that I have my work cut out for me. What was a three month escrow that seemingly had one hurdle after another to overcome, finally came to an end on December 28th. Just before the New Year, ...
How to Be a Real Estate Investor
The list is seeming endless today regarding the number of people fighting for your undivided attention to show you how to be a real estate investor. Before taking action on any of their "silver bullet" advice, whether it's paid or free advice, I’d recommend researching their track record and current standing as a real estate investor. In more instances than you can probably imagine, the real estate investing education industry is saturated with “experts” that allege to know a bunch, yet come up a little short on the doing. There are two types of people in the real estate investing education ...
"How to"
How to Be a Real Estate Investor
The list is seeming endless today regarding the number of people fighting for your...
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Memphis Project Continued
Ok… we’re off and running. After several hours on the phone with various departments of Memphis government, the City turned out to be a little more understanding than I thought. As the first lesson was “don’t assume anything,” the second lesson is “don’t overreact.” The City has released funds to our contractor... [Read more of this review]
Case Study – Working in Memphis
This blog and my podcast has taken a little bit of a back seat in the last few months as I’ve been out doing what I teach, investing in real estate. My latest project is a 14-unit multi-family building in Memphis, TN. It’s not my biggest purchase to date, however, it is my biggest project. You might be able to tell from the photos that I have my... [Read more of this review]
How to Be a Real Estate Investor
The list is seeming endless today regarding the number of people fighting for your undivided attention to show you how to be a real estate investor. Before taking action on any of their “silver bullet” advice, whether it’s paid or free advice, I’d recommend researching their track record and current standing as a real estate investor.... [Read more of this review]
Four Tips to Successful Creative Real Estate Investing
Necessity, as they say, is the mother of invention- which makes perfectly good sense during these trying times. With the troubled economy we are facing, we all try our best to survive and think of every possible way to earn some extra to help ends meet. In many parts of the country, it’s the best time in the last decade to invest in Real Estate to... [Read more of this review]
10 Books Every Serious Real Estate Investor Should Read
Ongoing education is important to stay ahead of the competition in any profession, and real estate investing is no different. Below are ten books in no particular order that I have found to be “game changers.” The more you learn, the more you earn. Enjoy! Millionaire Real Estate Investor by Gary Keller Anyone who seeks financial wealth... [Read more of this review]
10 Painfully Simple Steps to Improve Your Real Estate Investing
The lottery and real estate investing have two things in common. First, you’ve got to be in it to win it! Second, they’re both games of numbers. Thankfully, the odds of winning either of the two couldn’t be further apart. It’s been said that you have a better chance of walking outside on any given day and being struck by lightning... [Read more of this review]
Where to Start in Real Estate Investing
Real Estate Investing can be quite tricky if you don’t know the ropes. Some even actually think that there are sure-fire ways to easily earn profit from this trade. There are tons of free video and audio courses, infomercials, books and even seminars about how to get started and succeed in Real Estate Investing, but trying to learn it all at once... [Read more of this review]
Understanding the Purchase Agreement, or else…
The purchase agreement is a necessary, and can be the most powerful, tool of the real estate investor. Unfortunately, most investors cheat themselves by not understanding the purchase agreement more. Tragically, most new investors are so terrified of the purchase agreement that regardless of how much they invest in their real estate investing education,... [Read more of this review]
How to “Clearly” Tell a Good Deal From a Bad One
Knowing the difference between a good deal and a bad deal is essential if you expect to invest in real estate for the long-term. Some are naturals at recognizing deals, and others… not so much. Either way, the skill can be learned through the right real estate investing education and real world experience. The educated real estate investor answer... [Read more of this review]
3 Steps to Getting Started in Creative Real Estate Investing
Many believe real estate investing is for people with plenty of cash in the bank and super credit scores. That belief couldn’t be further from the truth, not to mention devastating to realizing your real estate investing potential. There is more to real estate investing than the conventional approach of bank financing and 20% cash down payments. The... [Read more of this review]
207 South Barbara Way, Anaheim, CA
$398,000 THIS IS A REGULAR SALE! No banks involved/not a short sale. Can close in 30 days or less. Lowest priced 4 bedroom within a mile radius. Just cleaned up, newly painted and re-habbed. Ready to move-in! Nice well-maintained home with many upgrades in very quiet and clean neighborhood. Status: Active ML#: S10115549 APN 26803137 Orig.... [Read more of this review]
Why Most Loan Mods Won’t Get Approved
A loan modification request is the most common action taken by property owners just prior to resorting to short selling their property. Approved loan modifications seem to have gone the way of the dodo bird, meaning they’re practically extinct. Here’s a simple explanation as to why it’s so difficult for the average property owner to... [Read more of this review]
Four Cities to Consider for Buy n’ Hold
For a greater portion of this decade the real estate market experienced unprecedented appreciation considerably due to a “Buy, buy, buy!”mob mentality. If you timed it right, you made out like a “fat cat.” If your timing was off, however… you have likely lost a significant portion of your portfolio, are losing it and/or are carrying “money-pit”... [Read more of this review]
Don’t Let the Ball Bounce Twice In Your Court
Although I haven’t found much value in being a licensed real estate agent in my roll as a real estate investor, this week I was able to implement a negotiating strategy taught to me by my former broker. It worked countless times when I was representing home buyers and sellers as an agent, and it worked this week as an investor putting five figures... [Read more of this review]
The Secret to Real Estate Investing Being a Full-time Gig
The Secret to Investing You Won’t Learn at a Seminar, and it’s Spelled A.B.E. A.B.E. is the secret to real estate investing becoming a full-time gig for you! It’s not so much a secret, however, as it is a simplified concept for you to place your focus. It’s a very simple business model that should you maintain it, failure will virtually be eliminated. A.B.E.... [Read more of this review]
No Money Down No Credit Needed
In today’s market there is more opportunity than we can take advantage of. So much so that I look only for deals in which I need no money down or credit. If I come across any opportunity in which I’m required to use my own money, I say very politely, “No thank you.” With such an unprecedented real estate market where no money down opportunities... [Read more of this review]
Raise Money for Your Real Estate Deals: 4 Different Ways!
Given the lending climate’s current reluctance for entertaining lending requests from real estate investors, a new approach is necessary in order for real estate investors to conduct business. Freddie Mac and Fannie Mae have indefinitely terminated investor loans. Traditional banks, big and small, will likely not touch investor loans for years to... [Read more of this review]
Four Exit Strategies Every Investor MUST know!
If you expect to ever consistently get paid in real estate investing, it is paramount that you know your four exit strategies and how they apply to EVERY deal. Knowing them will save you hundreds of thousands, maybe even millions, of dollars over your investing career. There’s a saying in real estate investing that states, “You make your... [Read more of this review]
How to Find Good Deals, Part 1
Of the multitude of workshops and seminars I have had the privilege of attending, a great amount of time has been dedicated to “How to find a good deal!” It’s understandable, as finding a good deal is the most bankable skill of a real estate investor. After reviewing the transactions I’ve completed the past few years, I’ve noticed very few... [Read more of this review]
Easy Entry Cashflowing Properties
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