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Joshua Dorkin

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 [...]

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Real Estate Marketing

Learn How to be a Good Real Estate Agent: Gary Shlitz Goes Viral

by Joshua Dorkin | October 21, 2009

I received an email earlier today from someone who wanted to share a “clever marketing video” with me. I get many emails like this every week, and most of the links that are shared are simply a waste of my time. Expecting the worst, I followed the link and was in for a pleasant surprise — I was glued to the video from the start.

The video below is a perfect example of a viral video that is not only clever, but that also meets its purpose – to promote a product or service, the Harris Real Estate Group out of Vancouver.

So, without any more delay, I would like to present to you a man named Gary Shlitz, who will instruct you how to be a good real estate agent . . .

Meet Gary Shlitz



. . . by NOT being like Gary Shlitz!

Kudos to the guys behind this video – I’m a huge fan now!

What did you think?

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Cool Stuff

BiggerPockets Hosts The Real Estate Blog Carnival #159

by Joshua Dorkin | September 21, 2009

It’s been a while since we last hosted the Carnival of Real Estate . . . with 29 submissions, this one required a bit more work than last time. That said, I’m puzzled why there aren’t hundreds or even thousands of submissions. With all the people in real estate who are blogging, I can’t imagine why more people aren’t taking the two minutes a week it takes to participate in the carnival.

Here are my pics for this week’s Carnival of Real Estate:

  1. Is Buying a Rental Property Worth it? from Alex. This post grabbed me for one reason – it was the tale of someone struggling as a landlord; someone willing to let everyone else in on his problems. He tells of his mass of evictions, vacancies, and more. My advice to Alex is to take some time and start reading the forums, articles, and this blog here on BiggerPockets before he does anything else in real estate. I don’t know much about him, but it sounds like he needs some help and the support of other successful landlords. I’d like to personally invite Alex to join us and I hope the rest of the community will do their best to help him turn his struggling landlording venture around!
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Investor Interviews

Meet the Investor: Interview with Real Estate Investor, Will Barnard

by Joshua Dorkin | September 17, 2009

meet real estate investor will barnardIts that time again . . . where we get to meet another successful real estate investor. For those of you who are unfamiliar, we will from time to time, interview investors on BiggerPockets for our Meet the Investor series. With that in mind, we’ve got a great interview for you with real estate investor Will Barnard. Will has been one of the most active members of BiggerPockets over the course of the last year or so, and has given back much to others in the community. He is a great resource and a nice guy. With that in mind . . .

Meet Real Estate Investor Will Barnard

WillBarnard

How long have you been investing in real estate full time?

I started investing in 2004 and went “full time” in 2006.

What attracted you to becoming a real estate investor?

I have almost always been self-employed and I am a true entrepreneur at heart. I have always been interested in real estate investing; in fact, I was out looking at homes to buy, rehab and flip back in 2000, but never pulled the trigger because I felt I did not have the financial capabilities to do so — how little did I know! The fact is, I could have, had I had the right education! Real estate investing offers me the freedom to work when I want (which is actually all the time, but I love it!), make as much money as I want, as there are no limits as in a regular job, and most importantly, I love what I do.

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Real Estate

WannaNetwork To Close its Social Network

by Joshua Dorkin | September 16, 2009

wannanetwork.com closes doorsWannaNetwork.com announced on their blog today that they would be closing the doors on their real estate social network as of September 30, 2009, including their forums, blogs, profiles, and groups. Citing a “plague of vicious spammers,” and a “failure to attain a viable revenue model”, the company explained that they will be transforming the site into a multi-author blog site for the real estate industry.

Unfortunately, our vision to provide a free high traffic real estate social networking solution for industry professionals has attracted the wrong crowd.

Basically, it is a full-time job managing and developing a multi-user blogging platform that is constantly plagued with vicious spammers.

While we have done our absolute best over the past three years to provide our members with a powerful online presence for free, we have ultimately failed at integrating a viable revenue model that will support the evolving demands industry professionals need with online technology.

After weighing the options of either charging for blogs, selling more advertising, or exploring affiliate marketing relationships, we’ve decided to simplify things by moving our few real members to one multi-contributor blogging platform.

Sadly, WannaNetwork isn’t the only site plagued with an overrun of spam. I’m starting to see many of the other major and minor social networks suffer from this as well.

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BiggerPockets News

Real Estate Blogging Case Study: SEO Benefits of BiggerPockets Blogs

by Joshua Dorkin | August 30, 2009

Earlier today I was browsing through some of the blogs on our BiggerPockets Blog Network and saw a post that caught my attention. It didn’t grab me as much for the content, but because the author shared with everyone the fact that the post had first page rankings on Google, soon after going live.

The post, titled I Buy Houses in Joplin Missouri, written two days ago, is now the top result for “buy houses Joplin” and the second result for “buy houses Joplin Missouri” out of 107,000 and 110,000 total results in Google’s index.


seo benefits BiggerPockets blogs

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Foreclosures

Foreclosure Mediation

by Joshua Dorkin | August 28, 2009

Several months ago I mentioned Nevada was finally joining the 21st century in regards to foreclosure mediation. The first two sessions – Nevada doesn’t jump into these things – will happen on Sept 14th with two properties in Las Vegas as the “test” properties.

I know other states have already set up their mediation programs and have been up and running with what some say is a great success rate, i.e. the homeowners got to stay in their homes. In fact, Marquette University Law School on their website makes this comment: “…jurisdictions that have used mediation in foreclosure cases report a high success rate, and more and more jurisdictions are turning to mediation as a solution for this crisis.”

Because Nevada is the turtle in this race only 97 mediators have completed training and were appointed last week (Aug 17-21). The State expects to phase in more mediators over the next few months. They better if they are to be in compliance with state law and put out a program designed to help distressed property owners.

Mediations Per Month

I didn’t do any research to determine how many mediations Ohio or New Jersey, or any other state for that matter, are doing per month but Nevada expects to do more than 1,000 mediations per month once the program is operating at full capacity. This seems like a reasonable figure given to date the program manager has received more than 650 requests. Plus, with Nevada’s high foreclosure rate, mediation only makes sense for anyone wanting at least a chance to stay in their home.

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Commentary

Your Reputation is at Stake. Will You Trust the Lowest Bidder?

by Joshua Dorkin | August 23, 2009

Using assistants to help you with your business is an incredible idea. Instead of putting your efforts into the mundane, day to day tasks, you can spend your time on the important things. Many of the gurus are promoting using virtual assistants for everything in real estate these days, but before doing so, proceed carefully.

Virtual Assistants and Social Media Marketing: A Match Made in Heaven or Hell?

One area of business that people are off-shoring to virtual assistants more often then not, is in social media marketing. I’ll contend that using any kind of virtual assistant for your social media marketing strategy is a risky move.

Of course you want to know why, right?

I was just clicking around the BiggerPockets forums and came upon a few posts from a well known national speaker, who is generally well respected. Of course, I was interested in seeing what they had to say, so I read through their contributions. What I read were posts that were poorly composed and full of grammatical errors. These posts added no value to the discussion, and in fact, were merely a distraction.

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Commentary

Are You Losing Business Because You’re . . . Unreliable?

by Joshua Dorkin | July 23, 2009

The real estate business, like all other businesses, is about relationships. To succeed, one must be able to forge and foster relationships. Social networks are great places to meet new people to accomplish that end.

Just connecting on a social network doesn’t mean that you’ve created a relationship with someone. It takes time, energy, effort, and follow-up, amongst other things, to establish a rapport and gain the trust of the other party.

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Real Estate

CIT Group Down The Wire

by Joshua Dorkin | July 20, 2009

The following is a guest post by Hiland Doolittle:

In December, CIT Group received a $2.33 billion lifeline from the Troubled Asset Relief Program. CIT Group is one of the country’s largest lenders specializing in loans to small and mid-sized businesses. The struggling giant has applied to the Federal Deposit Insurance Corp for assistance under a program that guarantees newly issued debt.

The FDIC is reluctant to intervene. In strained meetings with the FDIC, The Treasury and The Federal Reserve, CIT’s financial instability has come under fire and poses a serious roadblock for a proposed bailout.

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Real Estate

BiggerPockets Success Story: Two Deals, Three Months, $50k in profits

by Joshua Dorkin | July 16, 2009

Every day, people in real estate connect, make deals, and partner up thanks to BiggerPockets.com.
I recently heard about yet another successful real estate business relationship established because of BiggerPockets, and thought I’d interview the two gentlemen, Nick Johnson and Justin Schnettler, to find out more about it.
Nick has been involved with [...]

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BiggerPockets News

BiggerPockets Solidifies its Position as the Go To Real Estate Social Network

by Joshua Dorkin | July 5, 2009

Over the past 4+ years, BiggerPockets has steadily grown, forging its place as the leader for the real estate investing community. We’ve gone above and beyond in an effort to meet the needs of our users, and as a result, new members from every corner of real estate investing have flocked to our site. [...]

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Real Estate

Putting it all in Perspective

by Joshua Dorkin | June 21, 2009

Today is Father’s Day, which gives me a minute to put it all in perspective for myself, and hopefully anyone else reading this. Fathers Day is an important holiday, not because we celebrate the men who have played a role in raising us, or because our families celebrate us, but because it is all [...]

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Real Estate

Do You Pay off the Rental Properties You Have or Purchase New Ones?

by Joshua Dorkin | June 18, 2009

There’s a great discussion happening on the BiggerPockets Forums about whether it is better to pay off the rental properties you own or take your income and reinvest it in new properties. I’ll share some of the thoughts from the thread, and I encourage you to jump in and continue the discussion, or leave [...]

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Real Estate

Subscribe to the BiggerPockets Blog, The Real Estate Dispatch on the Amazon Kindle

by Joshua Dorkin | May 24, 2009

The BiggerPockets Blog, aka The Real Estate Dispatch is now available on the Kindle. Our readers asked us to submit the blog for inclusion in Amazon’s portable reader; since we were recently added to the library of available blogs, I thought we’d let everyone know about it.
If you’re interested in subscribing (updates are [...]

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