December 2011

Advice for New Real Estate Investors Just Starting Out

by Michael Zuber | December 12, 2011

Converting excitement about becoming a real estate investor into your first profitable deal is one of the greatest challenges for many new real estate investors. Notice I did not simply say “a deal” but instead a “profitable deal”? Anyone with a little money and a pen can do a bad deal. It has been my [...]

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Real Estate Investing

When Making Offers on Real Estate, When Does ‘No’ Really Mean NO?

by Sharon Vornholt | December 12, 2011

The answer is “Not really when they first say no.” I prefer to think of it as “not right now.” I never take a seller off my list just because they have said no to my offer. When someone asks me when I take a seller off my list, I always tell them there are [...]

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Commentary

What to Get Your Tenants for the Holidays

by Jason Hanson | December 11, 2011

Going shopping for Christmas presents is one of my least favorite activities. It’s right up there with going to the dentist and going to the DMV. That’s why I try and do as little of it as possible and that’s why I have a virtual assistant to do these types of tasks which I can’t [...]

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Commercial Real Estate

“Mini-Model” Leasing Strategy will fill Vacancies Fast in Multi-Family Apartment Buildings for Under $200

by Spencer Cullor | December 10, 2011

Most potential tenants make their decision to lease your property within the first 30 seconds of entering the apartment. It is critical to capture their interest and make a great impression as soon as they enter your building. You need an effective leasing strategy to help you do this. A “mini-model” apartment is one of [...]

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Real Estate

Real Estate News by the Numbers: Week of December 3 – December 9

by Douglas Lazovick | December 10, 2011

A quick rundown of the important real estate news from the week of December 3 – December 9, by the numbers: 12 out of 27 – Number of metro markets where it’s cheaper to buy than rent according to a new Wall Street Journal article. Among the markets are Atlanta, Chicago, Las Vegas, Miami and Phoenix. [...]

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Real Estate Investing

Mortgage Notes – Getting to Know the Customer’s Needs

by Alan Noblitt | December 9, 2011

When I first started in the mortgage note buying business almost ten years ago, I made the usual rookie mistakes. One error was a biggie, and I should have known better after spending years in sales and business development at a Fortune 500 company. That error was one of the easiest to overcome, as it [...]

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Real Estate Marketing

How to Setup Foreclosure Based Real Estate Marketing Squeeze Pages

by Jeff Logue | December 8, 2011

According to a recent article submitted by Inman News, there are more foreclosures being processed right now than ever before. In fact, just between the months of September and October alone, foreclosure starts jumped by 5.7%. On the other hand, Inman has also reported that the long term outlook for foreclosure properties looks positive. Therefore, [...]

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Real Estate Investing

Dipping Your Toe Into the World of Seller Financing

by Kevin Kaczmarek | December 8, 2011

If you are going to sign a lease/option contract with a prospective tenant buyer, you should go through the normal screening process used in any seller financed deal. That means credit reports, background checks, pay stubs, reference checks and any other due diligence that gives you an accurate profile of your prospective buyer. After all, [...]

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Commentary

‘Customer Service’ is Essential for Real Estate Success

by Chris Clothier | December 7, 2011

Real Estate Professionals are in the Business of Serving – Not Selling If you are in the real estate business, even as an investor, take a moment to consider what you really do. Many come to the conclusion that they are selling real estate or real estate services such as providing property for tenants. Many [...]

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Real Estate

A Niche In the Short Sale Game

by Ken Corsini | December 7, 2011

When I think about the opportunities and marketing efforts associated with short sales, I picture the typical family who has fallen victim to this recession. Perhaps it’s a husband whose job has been eliminated, resulting in the inability to pay the mortgage. Or, maybe it’s a family whose mortgage has adjusted, the payment has become [...]

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Commentary

Still Believe Your 401k Is a Main Cog In Your Retirement Income Plan? Think Again

by Jeff Brown | December 6, 2011

Let’s just get down to brass tacks. Your 401K/IRA is virtually guaranteed to let you down when it comes to the income on which you’re relying for retirement. You’ve been lead down the garden path. Ironically, these so-called ‘qualified plans’ are in reality very well designed future streams of income — for the Treasury Department [...]

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Short Sales

Musings on the ‘Cash Is King’ Mentality

by Melissa Zavala | December 6, 2011

I had a call last week from a buyer’s agent who was frustrated because the bank did not accept her buyer’s (very low) cash offer on a short sale. In fact, the bank did not even make a counter offer. The bank employee made it clear that the offer was significantly below the BPO value, [...]

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Real Estate

Are You a Slacker or A Finisher?

by Sharon Vornholt | December 5, 2011

At this time of year, a lot of folks are thinking that the year is almost over and it’s time to kick back and take it easy for the next month. But there is another whole segment of entrepreneurs that are steadfastly racing toward the finish line; they are laser focused on completing their 2011 [...]

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Commentary

Three Warren Buffett Quotes that I follow in my Real Estate Business

by Michael Zuber | December 5, 2011

No one can argue the fact that Warren Buffett is a great investor. His track record over multiple decades is just too good to be ignored. As you know, he prefers to purchase companies or stock in companies. Nonetheless I look to leverage greatness any where I can in my business. I found the following [...]

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Foreclosures

Look Both Ways Before You Walk

by Richard Warren | December 5, 2011

So many people have walked away from homes that are hopelessly underwater. With little prospect of recouping their losses, or faced with a difficult personal financial situation, they have made a decision to let the bank foreclose. Prior to 2007 this would have resulted in an income tax liability on the amount of any forgiven [...]

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