October 2010

Commentary

Setting Achievable Goals

by Bryan Hancock | October 16, 2010
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Everyone has a different perspective on how to set goals.  A recent BiggerPockets forum post asked about whether or not achieving $1B was doable in a single lifetime.  There were some excellent answers and some good commentary to go with it.  I prefer to think about setting achievable goals and possibly a few stretch goals [...]

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Commentary

Investors: It’s OK to Get “Rich” A Little Bit Slower

by Shae Bynes | October 15, 2010
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Today’s post is simply meant to be food for thought for those who (like me) enjoy real estate investing, but aren’t passionate enough about it to spend all your working hours focused on growing or maintaining a large real estate business because your zeal and purpose lie in other things.  You respect real estate as [...]

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Real Estate

Green Real Estate Investing Trends

by Jim Simcoe | October 15, 2010

With 3 months left in 2010 there are some interesting green real estate investment trends emerging.  Here’s what I am seeing: Survey Results: A recent survey I gave to real estate investors across the nation revealed the following: – 66% of real estate investors surveyed have not received any rebate money at all in 2010. [...]

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Real Estate Law

Will Your Real Estate Asset Protection Stand up in a Fight

by Clint Coons | October 14, 2010
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How much protection can you truly expect to receive from a Corporation or Limited Liability Company as a real estate investor?  If you listen to some purveyors of asset protection tools the answer is complete protection.  If you ask an attorney the answer is “it depends.”  Many investors are frustrated by the attorney answer and [...]

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Commentary

Mortgage Rates Return To 1951: If Only We Could!

by Charles Feldman | October 14, 2010
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In 1951, television was in black and white, computers were the size of a 747, and the rate for a 30 year fixed-rate mortgage was just about 4.19% This week, a new flat panel, 3D television that does not need special glasses was revealed, computers are married to telephones which fit in your shirt pocket, [...]

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Landlord Tenant

How to Avoid Landlord Mistakes and the Dreaded Eviction Process

by Peter Giardini | October 14, 2010
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I must need a shrink.  This entire article was composed while I was asleep presumably getting a sound nights rest.  Where it came from I don’t know… other then the last article I wrote – Tenants: Customers or Scum? – and the subsequent comments which were great, have been weighing heavily on my mind. In my [...]

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Flipping Houses

8 Ways to Find Great Areas to Flip Houses & Quick Sale Real Estate Tips

by Ryan Moeller | October 13, 2010
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We completed a successful flip in a high end blue collar area and it went perfectly.  It was a 70% LTV deal and we made a nice annualized return (tip #5).  The property was in a suburb just outside of a great rental area, we categorize this area as a high end blue collar area [...]

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New York Real Estate

Starwood Brings Aloft to Harlem: First Major Hotel Development Since 1967

by Joshua Dorkin | October 13, 2010

Although the New York neighborhood of Harlem has experienced a resurgence over the past decade or so, there was always still something missing — but that is about to change. On November 4, Starwood will be opening a boutique Aloft hotel at 2296 Frederick Douglas Boulevard, in the heart of Harlem. The Aloft will be [...]

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Landlord Tenant

How to Hire and Manage a Property Manager for Your Rentals

by Julie Broad | October 13, 2010
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As a long distance landlord there have been far too many days where I felt like the saying “You can’t live with them, but you can’t live without them” is appropriate to our relationships with our property managers. And, I admit, there are still a few times where I am a bit frustrated by a [...]

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Financing Real Estate

Buying Properties For Cash Can Be BIG Mistake – A Hugely Expensive Mistake

by Jeff Brown | October 12, 2010

One of my favorite conversations is with real estate investors sportin’ lots of capital who insist on paying cash for investment properties. They’re almost universally flabbergasted when I tell them they can do better in today’s environment by using a bit of leverage. When they ask me to prove it, I begin by asking them [...]

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Commercial Real Estate

4 Different Types of Commercial Real Estate

by Khary Reynolds | October 12, 2010
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Commercial Real Estate in general is a large market with many participants in many sub-sectors. If you decide that commercial real estate is right for you, then you will definitely want to choose a niche to focus your attention. Here are 4 Different Types of Commercial Real Estate 1.) Land/Land Development A very wealthy investors [...]

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Mortgages & Lending

Identity of Interest Transactions When Getting An FHA Loan

by Justin McHood | October 12, 2010

Thinking about buying a home from someone you are related to or do business with? FHA will allow FHA financing on the property, but under certain circumstances and with some modifications to typical FHA rules. Generally speaking, if you are buying a home from someone you do business with or are related to, FHA will [...]

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Commentary

Robo-Signers and Robo-Foreclosures

by Brooks Conkle | October 12, 2010
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As I’m sure you recently heard, Bank of America announced that in 23 states it was halting foreclosures due to documents that were rushed through the system;  some wrongful foreclosures were definitely included. Oops.  Way to go BofA. Well, JP Morgan Chase, GMAC Mortgage, and PNC Financial Services basically followed suit.  I can only assume [...]

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Housing

Housing Market Insight – Week of October 11th

by Ryan Hinricher | October 11, 2010

Housing market highlights over the last week include; positive news from the National Association of Realtors, an update on interest rates, and mortgage application volume. Additionally, we discuss an update on the halting of foreclosures by some banks and ending with thoughts on due-diligence. Realtors: Pending Home Sales Rise The National Association of Realtors reported [...]

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Real Estate

The Positives in a Real Estate Decline

by Richard Warren | October 11, 2010
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Remember the heady days of the real estate market? You had to grab something before prices went up even more. Then the bubble burst and people ran for the exits. There has been so much negative talk that people often overlook the positives. Back in 2005 people were complaining that they couldn’t afford to buy [...]

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