March 2010

Starting Out

Just Do Something! 5 Baby Steps to Ease New Investor Fears

by Shae Bynes | March 18, 2010
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Best-selling author and motivational coach Mike Litman often says “You don’t have to get it right. You just have to get it going.” Getting started can be one of the most challenging hurdles for aspiring real estate investors. You may frequently hear people talk about the importance of taking “massive action” but as I thought [...]

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Mortgages & Lending

FHA Rules Changing Faster Then I Change My Underwear

by Peter Giardini | March 18, 2010
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I hope I got your attention?  If you have not been paying attention to the changes the leading mortgage lender in the country is up to, you may want to start paying attention now! A little background:  For many years FHA has served a specific portion the home buying population that could not obtain mortgages [...]

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Real Estate Marketing

Crime Scene Photos: A Surprisingly Effective Marketing Tool

by Stephani Davis | March 18, 2010

I was all set to write this week’s article about the pros and cons of hiring a mentor for your real estate wholesaling career, but then I happened to see this article that fellow BiggerPockets blogger, Florence Foote wrote earlier this week. As I was reading through her hilarious post about the ridiculous remarks that [...]

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Mortgages & Lending

Federal Mortgage Intervention Ending By End Of Month!

by Charles Feldman | March 17, 2010

All good things must come to an end; especially when that good thing may or may not have been that good to begin with. I’m talking, of course, about the Federal Reserve’s affirmation this week that it plans to go ahead and stop buying mortgage-backed securities by the end of this month. These purchases are [...]

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Flipping Houses

Calculating Fixed Costs on a Rehab, Flip or Wholesale Real Estate Deal

by J Scott | March 17, 2010

Last week, my blog post discussed my method for determining the maximum purchase price you can offer for a property that you plan to rehab/resell or wholesale. In the formula I presented, I referred to “Fixed Costs” and I mentioned that I know my Fixed Costs to be about $17,000 on a typical project. I [...]

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Realtors

Honestly, I’m Not Making This Up: MLS Rants

by Florence Foote | March 16, 2010
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Last week, I criticized the practice of some agents who hide potentially important information from buyers by putting it in the secret “agent’s only” section of the MLS called “private remarks.” I stand by that post: if it is important enough for the buyer’s agent (and would not cause embarrassment or a security risk) I [...]

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Real Estate

Your Retirement – What’s It Look Like and How Ya Gonna Get There?

by Jeff Brown | March 16, 2010

This is more of a preview of coming attractions. One of the questions I’m most asked is about Purposeful Planning and what it really entails. It’s fairly self evident, but the two key concepts — the foundation for your success — are having an intelligent Plan, and always, even when adapting to change on the [...]

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Mortgages & Lending

USDA Loans: No More Money in 2010?

by Justin McHood | March 16, 2010

Whether you are looking to buy a home or refinance one using a USDA loan, my best advice is to hurry if you can. The USDA loan program may be running out of money soon and could leave many borrowers in the pasture instead of the farmhouse (sorry, couldn’t resist). The USDA loan program has [...]

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Economy

When the Fed Stops Buying MBS, How Will Rates Be Affected?

by Ryan Hinricher | March 15, 2010
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The Federal Reserve’s purchase of Mortgage Backed Securities (MBS) is scheduled to end on March 31st.  A few weeks ago I wrote that there was some talk of extending this program.  It seems as though most signs are pointing to the market stepping in and taking the place of the Fed in these purchases.   The [...]

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Foreclosures

A Changing Trend in the Foreclosure Capital?

by Richard Warren | March 15, 2010
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Southern Nevada has been ground-zero of the foreclosure crisis for a long, long time. Home sales have actually been very strong for months but the majority of the real estate sold has been foreclosures. There has been an influx of investors buying homes for cash and many agents in that arena talk about bidding wars [...]

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Real Estate Marketing

Can SMS Real Estate Marketing Attract more Home Buyers?

by J. Lamar Ferren | March 14, 2010
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SMS Real Estate Marketing is a creative way of marketing a home through the use of text messaging. Statistics show that billions of text messages are sent per month. In fact, the number of text messages sent from a cell phone can easily out number the amount of phone calls made in a single month. [...]

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Real Estate Investing

How Long Did It Take You to Get Your First Real Estate Deal?

by Jason Hanson | March 14, 2010

How long did it take you to get your first deal? It took me a little over four months. And an investor I know just got his first deal after almost a full-year. Also, this guy was actually doing marketing and trying to get a deal the entire time. But he is one of the [...]

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Real Estate Marketing

How To Succeed in Anything in Life – Don’t Do This And You’ll Fail… Every Time!

by Peter Kolat | March 14, 2010
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A couple of days ago, I was watching a presentation by a very successful business building consultant and he said something that prompted me to write this article.  Why?  Because the very same success tip he talked about has allowed me to be where I am at right now in my business.  I want to [...]

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BiggerPockets News

Celebrate The Five Year BiggerPockets Blog Anniversary!

by Joshua Dorkin | March 13, 2010
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Time certainly flies, doesn’t it? Today marks five years since I started the BiggerPockets Blog (formerly known as “Real Estate Investing for Real”) with a post that set off a revolution! Ok, actually, the first post on this blog, Real Estate Is a Very Hot Investment, was pretty weak, but like most other blogs experimenting [...]

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Financing Real Estate

Here’s an Answer to a Major Burning Question When Dealing with Private Investors

by Adam Davis | March 13, 2010

Remember those 1980′s workout tapes? There would be a guy or girl on with leg warmers, Spandex, huge hair that would catch fire if it got close to something hot, a perma-smile and they were always encouraging you to “feel the burn!” (not that I ever worked out any of those tapes…) Often in a [...]

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