October 2009

Real Estate Marketing

Trick or Treat Real Estate Marketing! Would you try this?

by J. Lamar Ferren | October 31, 2009
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Ok, there’s something I’ve been thinking about for a very long time that could possibly bring in some good business. What I’m going to cover here is an offline marketing strategy that has not been tested before. It’s just something I’ve been thinking about and I want to know how you feel about it. Before [...]

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Real Estate Marketing

Relationships Matter: Lessons from Across the Date Line

by Molly Castelazo | October 30, 2009
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I just got back from a week in China — for business mostly, plus some tourist time at the Great Wall, the Summer Palace, the Forbidden City, and wandering the hutongs (traditional neighborhood alleyways) of Beijing.  I saw firsthand what I had earlier only read about — the importance of relationships in China.  It got [...]

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Selling Real Estate

Real Estate Auctions: Going Once, Going Twice . . . .

by Tom Koziol | October 30, 2009
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While once never used to sell real estate in the amount and quantity that is business du jour today, this method is becoming ever more popular. I am not talking about the auction process that takes place on the court house steps. I’m talking about auctions that sell homes by the boat load. Most auctions [...]

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Real Estate Investing

The Tax Lien Certificate Money Tree

by Justin McClelland | October 29, 2009

The Rundown Tax Lien certificates can be a very lucrative and safe investment.  A tax lien is a claim against an item by another party, which utilizes that item as security for repayment of a loan or other claim. A tax lien is placed on a piece of property by the government when the owner [...]

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Real Estate

Using Leverage to Sell More and Take Your Business to the Next Level

by Christian Russell | October 29, 2009

Why are you in business? It’s an important question. Perhaps the ultimate question! A mentor of mine taught me a long time ago that knowing “why” is one of the most important things when it comes to getting positive results long term in your business. Are you in business to make money? Are you in [...]

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Flipping Houses

How to Use Round Robin Auctions to Sell Your Investment Properties Quickly (Part 2)

by Shae Bynes | October 29, 2009
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Last week, in part 1 of this article,  I gave an overview of the steps to conduct a round robin auction to sell an investment property (particularly beautifully rehabbed homes) quickly. In part 2, I will give you some specific advertising ideas and also answer a possible question/concern you may have: What happens if my [...]

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Economy

New Home Sales fall 3.6% for September, First Decline Since March

by Joshua Dorkin | October 28, 2009

The White House keeps telling us that we’re in a recovery, yet anyone watching the economy, housing, foreclosures, unemployment, the stock market, commercial real estate, and dozens of other factors will tell you that they have some rose colored glasses glued on. Of course, if they didn’t, what they would tell us is that things [...]

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Commentary

Real Estate Fiasco Seems To Foreclose On Critical Thinking

by Charles Feldman | October 28, 2009
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Think. That is one word I grant you. But, sadly, something fewer and fewer people seem to be doing when it comes to critical analysis of the near term prospects for the real estate market in the U.S. (And, yes, I know the real estate “market” is a patchwork of many markets dotted across the [...]

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Real Estate Marketing

One Killer Creative Idea for Marketing Just About Anything to Just About Anyone in Real Estate

by Ben Roberts | October 28, 2009
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I think we’ve all heard about  Shadow Inventories, the Coming Foreclosure Wave, and the poor health of the real estate market in general lately.  If you haven’t, I’d wonder about your status as a member of the human race.  For the rest of us as investors, agents, and marketers.. we’re all trying to figure out [...]

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Real Estate Market

Is The Housing Market Overheating . . . Again?

by Peter Giardini | October 27, 2009

It seems that in these past two weeks, we have experienced a tremendous increase in relatively negative news regarding the real estate market.  Usually I just chalk up all this negativity to the media working hard to score a few extra bucks.  However, this time I am choosing to not be so hard on the [...]

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Real Estate Investing

How to come up with your Offer Price on a Real Estate Deal: Do’s and Don’ts

by Ryan Moeller | October 27, 2009

How do you come up with your offer price?  Do you offer 10% less than the offer price?  Do you get into a bidding war, pay full asking price, wing it or do you have a strategy to come up with your offer price?  I am amazed at the responses to these questions and would [...]

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Landlord Tenant

Vacancy and Credit Losses: Unlocking a Property’s Potential

by Kyle Koller | October 26, 2009

Owners of income property understandably cringe when they hear the words “vacancy and credit losses.” After all, anything that negatively affects net income is cause for distaste. Yet, vacancy and credit losses remain a necessary and unavoidable cost of doing business. Being able to understand and differentiate between vacancy and credit losses is vital to [...]

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Mortgages & Lending

Nevada’s Home Loan Modification Law Ignored

by Richard Warren | October 26, 2009
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What if you had a home modification law that everyone ignored? In its 2009 legislative session the State of Nevada passed a law requiring loan modification companies to be licensed. The law, which recently took effect, not only required a license but the companies were also required to post a $75,000 surety bond. It seemed [...]

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Real Estate Deals

Persistence is a Virtue. The Story of How I Got My Latest REO Deal.

by Justin Pierce | October 25, 2009

Let me tell you a story about how I made a bundle of money this week. It’s the story of how I captured my latest deal. Now when I tell you the story you may think that I’m counting my chickens before they’ve hatched but you really do make your money when you buy. Never, loose site of that important fact. In this case the money is made and in the bank. Now until the home is sold the money is mine to loose or keep, depending on how I manage the project.

Persistence and Ambition Lead to a Working Relationship

You could say it started about a month ago. A young ambitious Realtor contacted me when he saw my ads stating that I buy houses. He sent me about a half dozen listing and to my surprise the list had potential. I am a licensed and active Realtor but I appreciate a go-getter when I see one. I can only cover so much ground myself and I love to enlist the services of ambitious people. We looked at a few of these properties on his list and we made some offers but nothing came through. The beautiful thing was that this young Realtor came back with another list of properties. That is how I knew he had the stuff. Many Realtors say they want to work with investors but when they actually see the nature of the game they roll out quite quickly. The fact that this guy came back told me he was real deal.

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Real Estate Investing

The Pros and Cons of Using a Phone Script When Screening Motivated Sellers

by J. Lamar Ferren | October 25, 2009

using a scriptCan scripts hurt or help you when screening motivated sellers? This is a debatable question and I’m going to address both sides.

Using a script versus not using one can really change the entire tone of the conversation and can even be what closes or breaks the deal.

Let’s talk about the pros and cons of using a script…

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