This blog and my podcast has taken a little bit of a back seat in the last couple 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.
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 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 industry…
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!
The lottery and real estate investing have two things in common. First, you’ve got to be in it to win it! Second, the silver bullet!
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 will not only get you frustratingly confused, you might even go crazy!
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, they never do a deal due to that fear. Repeat after me, “The purchase agreement is my friend.”
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 get their loan modifications approved…
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” properties.
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 in my pocket. Hmmm… So I guess all that work as an agent wasn’t for nothing.
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!
In today’s market there is more opportunity than we can take advantage of. With such an unprecedented real estate market where no money down opportunities are abundant, why risk it?
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. I’ll reveal to you the four ways I raise money.