All Entries in the "Real Estate 101" Category
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 [...]
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 [...]
Creating A Mindset For Success In Real Estate Investing
What gets you out of the bed each day? Do you have goals and plans, both short and long term, or is the fact that you will be out on the streets if you don’t make next months rent or mortgage payment what motivates you? I say this to prove a point. Some people are [...]
Different Ways to Close a Deal
There are many ways to close a deal. You probably won’t use all of these but it’s good to know the ways so you don’t miss a deal when it comes along.
Assignment of Contract: The first and easiest way is an assignment. You won’t be able to do an assignment on every deal. Some sellers, [...]
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 [...]
Full Time Versus Part Time Investor
I see a lot of investors that are just getting started in real estate and want to go full time from the start. They talk about quitting their good paying job so they can spend more time working on their investing career. I share their enthusiasm and I want to share some ideas with you [...]
Setting Up an Answering Service or Call Capture Service for Your Investing Business
With all of our marketing efforts, whether signs, ads in the newspaper or flyers,; we have all the calls go to a special toll free number which goes to an answering service. In my Ultimate Buying & Selling Machine! Course, I’ve included an answering service script for you to give your answering service. There’s no [...]
Secrets to Negotiating Short Sales
Although I often say that a short sale is a long buy there’s a lot of money to be made in doing short sales. If you focus on them, I’m sure you’ll become successful but you’ll eventually get a seller that owes more than the property is worth and is behind in payments. In this [...]
What Do I Really Want From Real Estate?
This real estate investing thing can get pretty mind-boggling.
Where do I start or if I have already started, where do I go from here. Do I go for a lease option, subject to, rehab, wholesale, long term rental, retail, etc? Then how do I fund the thing? Do I look for seller financing, hard money, [...]
The 3 most Important Things In Real Estate…It’s Not What You Think!
Has everyone heard about the three most important things in real estate investing? I think we all have. The first thing you hear when starting out is “location, location, location”! This is good to know especially if you are buying for long-term appreciation or you are looking for higher end or nice properties that you [...]
Organizing Your Real Estate Files
Everyone has different levels of comfort in organizing their lives and each person has special tricks they use to keep themselves organized. I get to experience all the unique ways people “organize” their real estate files when they give me the opportunity to do their loans. Most mortgage brokers are thrilled at the thought of [...]
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 [...]
