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We all know people who are "book smart" but clueless in the real world, and those who are "street smart" but unable to handle any environment other than the one they're used to. Last season The Apprentice was based on this dichotomy, pitting a team of people with higher education against a team ... Views: 10030
We all want an office in which the phone rings continually with offers of referral business. Does having this type of office sound like a dream? It doesn’t need to be such a far-fetched reality, though it requires diligent work with clients. There are a few key steps to creating a great ... Views: 1112
Part 1: The Problem
I have found in my 14+ years of coaching Real Estate Professionals, that the ones who are flourishing are the ones who have mastered the “Inner Game” of lead generation.
They feel confident about picking up the phone, they market themselves consistently, their pipeline ... Views: 2217
7 Steps to Setting and Achieving Goals
Setting goals
Perhaps one of the most important things you will do to ensure your success is goal setting. Many people, however, fail to recognize the importance of setting goals and tend to pass it over as unimportant. But nothing could be more vital ... Views: 2236
So you have decided it is time to sell your business. You have discussed the sale with your attorney and accountant. You have interviewed local business brokers and educated yourself on the process of selling your company. You have chosen an experienced business broker who understands your ... Views: 752
Did you know that tax deed sales run the gamut of rock-bottom real estate bargains? With raw undeveloped land, agricultural and residential land, all the way up to condos and expensive homes, going up before a public auction, the bargains just keep coming.
Tax deed sales are not bank ... Views: 1208
Negotiation is something I refer to often because it is an important aspect of business and life. It's a form of accommodation, adjustment, and diplomacy. It can be a complex procedure, but it doesn't have to be daunting if you take the time to think and apply a little finesse to your ... Views: 1965
Front doors are first impressions. Like initial meetings that show people to be spotless, boring, or a complete wreck, a home’s entrance can say a lot about what may be lurking inside. Yes, everyone can have their own interpretation of “clean” but there is a line to be drawn.
So take note ... Views: 1868
For those of you who have never thought about diving into foreclosures investing, you should not be at all surprised at how popular this business have become. Seasoned and newbie investors alike are scouring the market for deals and hoping they find the best property to buy.
What Makes a Wise ... Views: 605
You cannot expect government foreclosed homes to be pristine and in tip-top shape when these are put up in the market. You would be very lucky if you do come across distressed homes for sale that require only minimal repairs. Most often than not, these properties are in different states of ... Views: 608
Many people ask me if I think the real estate market has bottomed out. I don't know. However, for a lot of people, now is the time to buy.
Look at the numbers. Every situation is different. My mother is a great example. She was renting a 2 bedroom, 2 bath condo for about $1300 per month. In ... Views: 2035
When you are selling land you should watch for the type of land that you are working with. Your land can be classified in a variety of ways. These include different types of lands and the amount of space that you are working with.
The permission for developments to take place on your land is ... Views: 822
Getting a property sold could be a very daunting task especially when you don't know how to go about it. This is often the case in the lives of many landlords and other property owners. Oftentimes, you may have cogent reasons to dispose of your landed properties. You might be relocating to ... Views: 753
If you are ever planning to purchase from a foreclosure list, you should definitely spend some time to look for a good list that you can work with first. Successful home buyers have used lists that yield very good result, because these foreclosure listings are accurate and up to date. There are ... Views: 552
Arizona's housing crisis was deepening. Homeowners were losing their houses. But that got Kevin Andrews thinking. Andrews, a Trump University real estate student, started to wonder whether he could help homeowners and help himself at the same time. And then he hit on a way.
Kevin heard about a ... Views: 1167
This is Part 1 of a 3 part series on getting a great deal with good returns on residential real estate in this economy. Keep in mind that real estate is local and these tips may not apply perfectly to your current market.
1. How are you going to pay for it? Traditional financing can be ... Views: 1455
When a homeowner defaults on his mortgage loan, the bank will send a notice of default to the homeowner. If the demand goes unheeded and the period given to the homeowner to make his payments current was ignored or has not been complied with, the bank will then send a notice of foreclosure ... Views: 655
In 2009, millions of United States homeowners learned that modifying their existing home loans served only to expedite foreclosure rather than prevent it. A U.S. Treasury report released in early December of 2009 revealed that only 4% of applicants under the federal government’s Home Affordable ... Views: 1140
A problem with many traditional home sales is that a buyer can end up pulling out of a sale. This is something that is going to be incredibly bothersome and in many cases expensive. However this can be avoided when a person gets into a quick property sale. An company that works with this type of ... Views: 751
Selling land can involve more than just working with getting land transferred from you to another party. It can also involve getting the land property handled. There are all sorts of processes that can be used when it comes to getting your land sold off to someone.
A private treaty sale ... Views: 1045
The most important activity when deciding to pursue a short sale deal is to determine whether or not the homeowners situation would qualify for a short sale approval. If this task is not done, you could be working on a “dog” deal that has no chance of closing, therefore wasting your precious ... Views: 2800
In many cases you may be able to get your property sold without spending too much time or effort in doing so. A quick property sale is something that can be helpful for all sorts of cases and can be very easy to handle. This is something that is useful for all sorts of reasons.
A quick ... Views: 839
If your home is repossessed all sorts of bad things can happen. You can be kicked out of your property, you would have to deal with fees and penalties that relate to repossession and your credit rating would be damaged. Fortunately you can stop repossession by using a few simple ideas with ... Views: 873
Most real estate investors are aware of the potential profit from buying government-seized properties -- homes and other types of property the government has acquired from tax cheats, drug dealers and other criminals. Because the government isn't in the business of renting or flipping ... Views: 1406
Mention the word "failure" to almost any group of up-the-corporate-ladder types and you may detect some nervous twitches. For these cube-dwellers, a mistake or setback is often a career-stopper, or, at least, a blot on the record. Playing it safe is seen as the best way to avoid a misstep that ... Views: 5370
There are many ways to find affordable housing. There are even ways to make the home you have more affordable. Here are some of the best.
Move to a cheaper location. This is often not considered by people, but the difference in housing costs between two cities within an hour of each other can ... Views: 1203
Million dollar dreams are only an illusion without the proper vehicle to attain it. If you’re a serious investor looking for a way to obtain more wealth without the hassle and risk of building your financial empire one house at a time, then apartment building investments are just the thing ... Views: 1495
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include:
·Property ... Views: 1505
When investing your money, you want the greatest return on your investment. But in this dismal economy, investing is risky. If you don’t lose your money, you are not likely to get any type of return. But there is an answer---secure your money with real estate. Even that idea may seem insane with ... Views: 1128
Despite the United States Federal Reserve Board’s diligent attempts to stimulate the economy throughout the year of 2008 by repeatedly reducing the Federal Funds rate, the typically correlating thirty-year average mortgage rate stubbornly remained unchanged through the first quarter of 2009 as ... Views: 1295
Each year, Americans buy more than 1 .5 million homes for investment purposes. “Buy low and sell high” is the investors’ goal, but more often, it’s buy reasonably and rent well for an extended period of time to reap the bonuses of any future appreciation, current tax benefits, and ... Views: 675
Has the housing market bottomed out? Is it possible that home prices are going to continue falling? Will mortgage rates continue to go down? Will they go up? Aspiring homeowners most likely wonder what the market future holds and whether or not they should buy now or wait a month or longer. It ... Views: 1093
A Pre-Listing Package is the most powerful impression you can make on a buyer or seller. This is a package of information that introduces you and your company to a client and explains to them how you are best qualified for all their real estate needs. However, only a small percentage of real ... Views: 4434
Are commercial fixer-uppers worth the time, expense and effort? My answer to that would be that the right fixer-upper with numbers that make sense can be the right strategy to use. In fact, these types of properties can be an easy way to see an instant value increase in the property but like ... Views: 1647
You may hope it will never happen, but one day you may find that your parents or older relatives need your help to manage their home. How will you carry out the sacred trust of getting the best price or helping them keep the property, and age in place?
Good communication is the key to ... Views: 2537
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include:
·Property ... Views: 1530
1. Come to a decision on what you're looking for in a house. While this might seem rudimentary, it really is extremely critical. Many times someone falls in love with one characteristic of a home, and will neglect other features as a consequence.
2. Be ready for the long haul. Even if you ... Views: 653
There are three main reasons novice investors fail in commercial investing: inaction, being cheap, and doing deals that shouldn’t be done. I can’t tell you how many times I hear young investors tell me the reasons why they haven’t reached their goals. Well, it’s time to get out of the slump of ... Views: 1442
If you are a Real Estate Professional, you are hurting yourself by not pursuing short sale opportunities. If you had a previous client in trouble, would you be able to serve them? Would you just walk away and hope you find another client who isn’t in trouble? If you are looking to stay in Real ... Views: 1523
Do You Like Wasting Your Time Meeting People?
How often do you hear people say, "It's not WHAT you know but WHO you know?"
Most always, people want to know the right people but do not do the right things when they meet people.
It only takes a little effort and consideration. Follow a ... Views: 1335
Financing plays a vital role in real estate investing -- and this includes buying foreclosed homes. While it's practically a mantra to "use other people's money," keep in mind different investments will usually require a different strategy. A financing option that worked wonders in one real ... Views: 1216
Your question may be..."Should I utilize the services of a commercial mortgage broker or go direct to the bank when seeking a commercial loan?"
This may come to mind when you are entering into a contract for a real estate purchase or business purchase, or simply seeking to refinance your real ... Views: 1927
Successful negotiation skills are an art form and must be mastered for you to achieve your investment goals. People who put negotiations on the back burner thinking that they’ll get by or they’ll let someone else handle the deal will often find that they end up with a whole load of work without ... Views: 1247
In order to be successful in the real estate business, it is vital not only to research, but to learn and to become familiar with the current market trends. Knowing the market cycles, you as a potential buyer, can make a smart investment decision by developing a strong market strategy. This ... Views: 2036
The myriad options presented to homebuyers when titling real estate have significant tax, asset protection, and estate planning consequences. Failing to consider these issues often results in unanticipated taxes, liability, fees, and headaches. This article discusses a variety of potential ... Views: 1368
Any serious investor sets real estate investor goals on a regular basis... here's my take on setting these real estate 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. ... Views: 1088
It may appear that there those times misfortunes come in their doubles and so when you find yourself financially challenged in one way or another it is important for you to be on high alert because you never know what may come to pass. This is what has been happening to distressed home owners ... Views: 811
Have you ever thought why your home took a long time to get sold? Well, the answer will be quite straight forward. You didn't list your home as for sale by owner in MLS. Selling as for sale by owner has not been tough these days with MLS listing options available for you. Some people still ... Views: 952
Sounds like a title to a horror movie, except it isn't one from the celluloid fantasy genre, but one from the sad reality that is affecting all "Main Streets" around the world.
For the last 30 years credit has been easy to get. Remember all the credit card offers? Everyone had more than a ... Views: 915
You can get a quick sale of your property by working with a good conventional process. This is something that can help you out with regards to getting your home to be taken care of without having to worry about having your home on the market for an extended period of time.
First you will need ... Views: 833