November 2009

Real Estate Marketing

Use the Power of 100 to Achieve Your Business Goals

by Christian Russell | November 12, 2009
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I did a post a while back about my “Power of 100” concept. In case you missed it, here’s the deal. I have a rule of making 100 personal contacts a day. This is an old concept I learned years ago in direct sales. Now that I do internet marketing, I’ve found most every concept [...]

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Real Estate Investing

The Drake Equation Applied to Real Estate Investing

by Ben Roberts | November 11, 2009
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Anyone ever heard of the Drake Equation?  If not, don’t feel bad.  It’s not a generally known term outside of the geeky space community (of which I am sadly a part).  In short, it’s a equation that was formulated by Dr. Frank Drake in 1960 to determine the practicality of SETI (the Search for Extraterrestrial [...]

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Selling Real Estate

A Crucial Lesson About Salesmanship

by Jason Hanson | November 11, 2009

A friend of mine is a District Manager for Honda. For his job he’s in charge of several dealerships making sure they’re doing the proper marketing and getting everything they need from corporate. I guess you could say he is the liaison between the dealerships and corporate. Part of his job is to obviously help [...]

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Landlord Tenant

Landlords Beware: Discrimination can cost you Millions!

Thumbnail image for Landlords Beware: Discrimination can cost you Millions! by Winston Westbrook | November 10, 2009

It cost billionaire Donald T. Sterling millions. On November 3rd of this year the Justice department received the biggest settlement on a housing discrimination lawsuit. Donald T. Sterling has agreed to pay $2.725 million to settle allegations that he discriminated against African-Americans, Hispanics and families with children at apartment buildings he controls in Los Angeles. [...]

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Real Estate Investing

5 Reasons Why Real Estate Investors Fail

by Ryan Moeller | November 10, 2009

One of the biggest reasons small businesses fail is because the owners cannot separate themselves from the daily processes to focus on improving, growing and making their business a success.  They are stuck working 12 hours a day handling the daily processes and burn out.  Real estate is similar in many ways.  Here are 5 [...]

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Financing Real Estate

The Interest-Only Loan “Extend and Pretend” Strategy

by Florence Foote | November 10, 2009

One of the worst kinds of sub-prime loans was the infamous “pick-a-pay” (Payment Option ARM) under which borrowers had the choice of how much payment to make each month, with the lowest options being negatively amortized, i.e., reducing the equity in a property every month. These loans took the concept of house-as-piggy-bank to another level [...]

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Selling Real Estate

Real Estate Agents Can Process Short Sales in Seven Easy Steps

by Christina Inman | November 9, 2009

In my previous blog posts I told you that real estate agents who are tired of losing commissions to “short sale processing companies” are starting to realize that processing short sales themselves is well worth the effort. But, I’m not sure agents realize just how simple this process–which can net them some serious profits and [...]

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Mortgages & Lending

Loan Characteristics and Their Effect on Your Prospective Investment Project (Part 2)

by Kyle Koller | November 9, 2009

In my last article, I discussed how lender recourse, prepayment penalties, a loan’s assumability, and fees and costs affect a real estate investor’s strategy. In this continuation, I will explore several other loan characteristics such that you can more successfully plan your next investment project. Fixed Periods Many commercial loan products offer fixed interest rates [...]

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Mortgages & Lending

Finding Mortgage Professionals Who ‘Get It’

by Richard Warren | November 9, 2009
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This could be called a tale of two agents. In a recent article I discussed how I came to select a new agent to work with (article). Here I want to talk about a recent meeting with two mortgage professionals. One worked with a major lender while the other was with a smaller firm that [...]

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Commentary

Grow Your Real Estate Network; Get Involved Locally

by Justin Pierce | November 8, 2009
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I cringe to even think of writing this post, peppered with politics, but we just had an election for a Governor here in Virginia and it raises a few points that I think investors (well any businessman or woman) should keep in mind. Don’t worry, we’re not talking party politics, but local political involvement. Put [...]

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Real Estate Investing

WHY do YOU Invest in Real Estate?

by J. Lamar Ferren | November 7, 2009
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A couple of days ago, a fellow blog contributor named Shae Bynes posted a great blog post regarding a 7 day plan for aspiring real estate investors. You should definitely check it out when you get a chance. With that said, I really liked one of the key aspects she mentioned in her post which [...]

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Mortgages & Lending

New Federal Restriction on Prepayment Penalties Won’t Apply to FHA Interest Charge

by Christina Inman | November 7, 2009

On October 1, new federal lending rules took effect under HOEPA–the Home Ownership and Equity Protection Act.  One that will benefit consumers most is a restriction on prepayment penalties for higher-priced loans (those with an interest rate 1.5% above prime).  No longer will borrowers need to worry about an excessive penalty for paying off their [...]

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Real Estate Marketing

1 + 1 + 1 = 4: The Power of Integrated Marketing, Part I

by Molly Castelazo | November 6, 2009
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Despite what you learned in kindergarten, 1 + 1 + 1 + 1 doesn’t always equal 4.  If you leverage the power of integrated marketing, it can equal 7 – or more.  It’s not funny math, I promise; it’s reflective of the greater power your marketing efforts will have as an integrated group rather than [...]

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Real Estate Technology

Use XFruits to Create Your Personal MLS for FSBOs

by Justin McClelland | November 6, 2009
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As a Real Estate investor, you will need to look to various nooks to find hidden gem properties throughout your career.  Of course properties can be found on the MLS, but that rules out the FSBO (For Sale By Owner) seller.  As the internet progresses and evolves, FSBO sellers are seizing the broad audience that [...]

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Commentary

The Health Care Bill and Real Estate Investors / Professionals

by Tom Koziol | November 6, 2009

At first blush, these two seem like polar opposites. After all, what does the proposed health care bill being ballyhooed have to do with real estate investing? I will readily admit I haven’t read the 1900 plus page bill but I have a friend who did. I won’t tell you about the number and size [...]

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