June 2009

Real Estate Tips

The Benefits of Multiple Exit Strategies for Real Estate Investors

by Ryan Moeller | June 30, 2009

With so many ways to make money in real estate, how are you going to choose to make your money? A better question may be what happens if your exit strategy doesn’t work? Do you have multiple exit strategies as backup plans or are you about to absorb a huge and crushing loss?

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Real Estate Investing

Most People Don’t Take Advantage of Getting Rich Quick…Will You?

by Jason Hanson | June 30, 2009

Almost nobody gets rich quickly in the real estate business. You will probably get rich slowly like most of us. You will make $5,000 off a wholesale deal, $30,000 off the back-end of a lease option, $10,000 from another wholesale deal and $50,000 from a pre-foreclosure. Making this money takes time, but once you get [...]

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Real Estate

Making Lemonade

by Richard Warren | June 29, 2009

No fewer than three times in the past week I heard someone use the expression “when life hands you a lemon, make lemonade.” Twice it was used in the context of real estate and the other in reference to the economy in general. What that says to me is that people have, for the most part, come [...]

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Real Estate

What’s a One-Year Lease Really Worth?

by Brendan O'Brien | June 28, 2009

When landlords sit down with prospective tenants, they typically say something like this: “You’re signing a one-year lease.  This is a contract for you to pay $9000 in 12 monthly installments for the use of the apartment.  In other words, it’s a one-year commitment.  You are responsible for the entire amount, even if you leave [...]

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Real Estate Marketing

How To Find Your Next Real Estate Client on Google

by Peter Kolat | June 27, 2009

One of the fundamental strategies you need to execute before you do anything else on the internet is to do proper keyword research for your real estate business.  Why?  Because the right keywords will be one of the main traffic generation drivers for your website.  I know that this strategy is nothing new and pretty [...]

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Foreclosures

Housing Law – A New Breed Of Cat

by Tom Koziol | June 26, 2009

Nevada enters the housing law business as state number 7 enacting a foreclosure mediation program. Nevada’s law goes into effect on July 1, 2009. The other states with this type of legislation are Pennsylvania, Massachusetts, Michigan, Florida, Connecticut and Colorado. I don’t know about the other 6 states but here in Nevada the law will [...]

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Real Estate

New Home Sales Vs. Existing Home Sales: Guess Which Is Winning?

by Charles Feldman | June 25, 2009

Image by Getty Images via Daylife It’s the battle of new home sales vs. existing home sales. Existing home sales are thus far winning. Seems sales of new homes fell last month 0.6 percent, according to the Commerce Department—-that apparently came as a surprise to some “experts” who had predicted the rate of new home [...]

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Real Estate

Can You Answer These Subject-To Questions?

by Jason Hanson | June 24, 2009

In the current economy subject-to’s are the best way to make money. Yes, a lot of people have terrible loans that you can’t do anything with. However, remember this business is simply a numbers game. If you do the proper marketing you will still find the 5% of people who have loans that you can [...]

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Commercial Real Estate

Is This the Bottom for Commercial Real Estate Prices?

by Ted Karsch | June 23, 2009

Even the most bearish economist is predicting that commercial real estate prices will fall up to 40 percent from peak to trough. However, the data released yesterday from Moody’s Investor Service shows that in April commercial property prices plummeted a record 8.6 percent. According to Moody’s data, commercial property prices fell a total of 29.5 [...]

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Real Estate

Revisiting Your Business Plan

by Richard Warren | June 22, 2009

Remember those days when you had the first ideas for your real estate business? For some that seems like eons ago while others may just now be in the beginning stages of their business. For many those ideas never escape the confines of the cranium and some will scribble ideas on a napkin as they sit at [...]

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Real Estate

Putting it all in Perspective

by Joshua Dorkin | June 21, 2009

Today is Father’s Day, which gives me a minute to put it all in perspective for myself, and hopefully anyone else reading this. Fathers Day is an important holiday, not because we celebrate the men who have played a role in raising us, or because our families celebrate us, but because it is all about [...]

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Real Estate

“Weeds with Fruit”

by Brendan O'Brien | June 20, 2009

I have grape vines, apple trees, blueberry bushes and strawberries in my backyard garden, but my favorites are the strawberries. They are so easy to manage! They don’t require weeding, pruning, or spraying. They don’t get wiped out by high winds. They spread naturally without need for additional planting (put in 25 strawberry plants one [...]

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Commentary

The Home ATM Went Bust

by Tom Koziol | June 19, 2009

It is no secret many people used their home equity, and homes, as their personal ATM machine in what has come to be called the “boom” years. And why not some would ask. After all prices were escalating and the loans were flowing. There are, as we have learned, many reasons underlying the answer to [...]

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Real Estate

Do You Pay off the Rental Properties You Have or Purchase New Ones?

by Joshua Dorkin | June 18, 2009

There’s a great discussion happening on the BiggerPockets Forums about whether it is better to pay off the rental properties you own or take your income and reinvest it in new properties. I’ll share some of the thoughts from the thread, and I encourage you to jump in and continue the discussion, or leave your [...]

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Real Estate

Are You a Real Estate Czar?

by Jason Hanson | June 16, 2009

I was recently reading a business book (I can’t remember the title of the book, but the following story stuck with me). It was about an entrepreneur who was running some type of manufacturing business. The entrepreneur worked from another location and tried to never go into the main office. His reasoning was, every time [...]

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