How to Get All the Private Money You’ll Ever Need
There is a lot of information and even courses, seminars and boot camps out there on private money and I’m sure it’s because private money is one of the few sources where you can generate funds for your deals without having any previous credit, cash, income, job, debt ratio or anything like that. Private funds [...]
Simplified Property Analysis
Before you start making offers, learn how to analyze a deal. Many Investors have multi-page spreadsheets that list the return on investment 15 years down the road. It lists every conceivable expense that could ever incur.
If you need a calculator, it’s probably not a deal. If you are running these numbers to tell if [...]
Real Estate Investing Mortgage Fraud Basics
I just went to a continuing education class in South Carolina and the topic was Mortgage Fraud. Having taught mortgage fraud I thought that it was going to be pretty much the same old thing. Sure a lot of what they taught I already knew but I not only learned a few new things but [...]
Getting your Real Estate Business Online!
As I travel all over the country teaching real estate investors how to automate their business one of the questions I get asked the most is “how do I get my real estate business online like you”? Well that’s a great question and one that can easily be solved but lets think about this for [...]
How to Set and Achieve Your Goals in Real Estate
Ask yourself two questions. Do you have a Will? And do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than your life. I challenge you to start setting some goals [...]
8 Steps To Getting Out Of Debt!
The recession is over and spending is going up. Interest rates may even begin to rise soon. According to a recent study Americans are carrying $683 billion in revolving credit card debt. That is not how much we charge but the outstanding balance that we pay interest on each month.
Real Estate 101
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Is It All in Your Head?
I’ve seen it time and time again. I give one investor all of the tools he or she needs to succeed, but failure ensues. Another investor receives the same tools and proceeds to secure tremendous wealth and financial freedom in a very short time. The difference? Their mindset.
Having a positive mindset is critical for your [...] -
Ask and You Shall Receive
Some investors have trouble asking for help when they need it. I wonder how bad they’ll need help before they can get over that. Do they have to be on fire, or losing their own home, or about to miss out on the real estate deal of a lifetime because they don’t have a lender?
Shyness [...] -
13 Warren Buffett Quotes for Real Estate Investors
If you follow the news, it’s likely that you’ve become concerned about the state of today’s housing market. And it’s no wonder. Just open up the real estate section of any paper, and you’ll see nothing but negative headlines.
To prove my point, here are some recent headlines: “Foreclosure Crisis Continues”, “Home Prices Tumble”, “Housing Woes [...] -
8 Real Estate Success Tips
As you prepare to become a successful real estate investor, I encourage you to take the following tips into consideration. They have helped me greatly as I have navigated my way through the world of real estate and just life in general. It’s my wish that these tips will have just as big of a [...]
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Real Estate Investor Goals
Effective goals are the key to being successful in the real estate business. Without goals, it’s like you are that hamster on the wheel or a ship without a rudder. Let’s face it. If you are planning a long car trip, you wouldn’t do it without either bringing a GPS with you or plotting your [...]
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Real Estate Law
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Common Sense Asset Protection
I wanted to share a few ideas about asset protection to help you on your way to success in your investing career. You don’t have to be rich to start thinking about and implementing asset protection strategies. It is better to start and get in the habit while the amounts are small. This is similar [...]
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Winning Contracts and Clauses
When making an offer on a property there are many contracts to use. I use the realtor form for the particular state I’m buying in but you’ll want to take the realtor logo off the document because there’s no realtor involved.
There are two reasons you’ll want to use the same form as the realtors. The [...] -
Getting Real Estate Leads from the Court House
Let’s take a look at the different types of leads you can you find at the Court House.
Number 1: Divorce. You look for same last names of male and female in the Book of Civil Lawsuit in the Circuit Court. Now chances are, if they are going through a divorce, if they have real property, [...] -
Obsolete Properties
Are you looking at perspective properties through rose-colored glasses? Functionally obsolete sounds like some sort of neurological problem. It can turn out to be a very dysfunctional financial problem. Properties can be dysfunctional if the layout of the house is odd, maybe you must walk through a bedroom to get to the bathroom. The house [...]
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All About Title Searches
Conducting a title search prior to transfer of real estate property involves searching for every available record or document that relates to present and prior ownership of the property in question with the goal of clearly defining the current status of the property title. In layman’s terms, we want to be sure that the property [...]
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Real Estate Investing
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What Can A Real Estate Investing Mentor Do For Me?
When I was younger I used to think that having a coach or mentor was something only for athletes and the rich and famous. I also used to think that having a coach or mentor was a total waste of time and was for people who had no self discipline. After all let’s face it, [...]
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Rentals 101: How to Cut Your Maintenance Costs by 25%
By now, it’s pretty well known that current market conditions have made investing in long-term rentals more appealing than ever. If you buy a few rentals and then self-manage them, you’ll have several duties (other than cashing checks). One of the biggest is trying to keep your maintenance costs as low as possible.
The best way [...] -
What is “CAP Rate” ?
When you are looking at a commercial real estate deal you will hear terms such as “Cash on Cash return”, “Net Operating Income” or “NOI” and “CAP Rate.”
If you are new to commercial real estate these terms may be foreign to you, so lets get you into the swing of things by teaching you [...] -
The Secrets to Success
I was speaking with one of my successful students last night. He and I were talking about success and how it is achieved. He and I met two years ago at one of my conferences. At the time he was a residential rehab contractor. He and his brother came to my class to learn how [...]
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Why Inflation Will Be Great for Manufactured Home Community Owners
With the price of oil nearing $100 a barrel, and other commodities heading up sharply, only a fool would not see the trend to a more inflationary environment in the U.S.. And despite the government’s attempts to stem the increases, clearly inflation will be the big news story right up to the elections in 2012. [...]
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Real Estate Tips
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The Way of the World
“The way of the world is meeting people through other people” – Robert Kerrigan
You can’t do this business by yourself. I don’t care if you have a trunk full of cash and know where to get a good deal on thousands of houses. You have to buy those houses from someone, and you have to [...] -
What You Should Know About Out-of-State Owners
Buying properties from out-of-state owners is what I consider to be the most overlooked method for getting great deals. Why? Because many top investors are NOT pursuing this method. Here’s the situation: Those who aren’t pursuing out-of-state owners often tell me, "Yeah, I need to be doing that." And the ones who are already doing [...]
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The Importance of Real Estate Partnerships
When I started out in real estate I had no experience, no money, and no credit. I was not yet an attorney – in fact law school had not even occurred to me. I was working in corporate America and I had a dream of real estate millions – but my fear was holding me [...]
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How To Build Your Retirement With A Pile of Wood In The Outdoor Billboard Business
What is bigger than a bread box, made out of wood, and creates cash flow? The answer is a wooden outdoor billboard sign. No other pile of wood can create up to a 100% return on investment annually.
Find a legal billboard location
What makes one location legal and another illegal to build a billboard? The answer [...] -
How to Find the Best Motivated Seller Ads
Newspaper Classified Ads
In the bookmarks of my Ultimate Buying & Selling Machine home study course, there is a section called “newspapers” where you can go to the sources I have provided for you and find any local newspaper in the United States that has a web presence. That way you don’t have to [...] - More from Real Estate Tips
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- huren rotterdam on Filthy Riches
Terry Gary, IN on The Way of the World- Karen New Orleans, LA on Winning Contracts and Clauses
- Bruce Birmingham, AL on 10 Questions To Ask A Remodeling Contractor
- Andy Dallas, TX on 13 Warren Buffett Quotes for Real Estate Investors