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Archive of Jimmy Moncrief

Jimmy Moncrief is a bank underwriter and real estate investor. He blogs at RealEstateFinanceHQ.com where he talks about all things real estate. He also is the creater of free evernote templates for BiggerPockets members to learn how to better organize and automate their real estate investing.

Jimmy has written 27 articles for The BiggerPockets Blog.


Business Management & Productivity

3 Steps to Automating Your Receipt Organization in Real Estate (And an EPIC Bonus Section…)

by Jimmy Moncrief June 11, 2014
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Last week I posted about how I have integrated Evernote into my real estate business and personal life to organize and automate some functions.  This makes my wife happier, my CPA happier, my business partners happier, you get the drift! This week I’m going to give you a detailed hack that any real estate investor […]

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Real Estate Technology

Using Evernote to Automate your Real Estate Business

by Jimmy Moncrief June 4, 2014
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To keep this organized I’m going to do a series of post on organizing and automating your real estate activity. The vast majority of real estate investors and other real estate professionals are still using paper and checks in their business, so I know there is plenty to talk about here. Full Disclosure: Don’t go […]

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Real Estate

Motivated Sellers: How To Get Them To Say Yes When Normally They’d Say No

by Jimmy Moncrief May 21, 2014
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Everybody tells you something to the effect of: “If you want to establish a competitive advantage you have to have an edge.”  The problem with this, of course, is how do I “get an edge” while still staying legal? Today, I am going to give you one small mindset shift that will give you an extremely […]

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Real Estate

Quality Over Quantity: The Truth About Real Estate Goal Setting

by Jimmy Moncrief May 7, 2014
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First and foremost, there are a lot of different types of real estate investors out there. Different styles and different goals. I myself am a “buy & hold” type of guy but I don’t look down on “house-flippers” because everyone has different goals and different needs. Additionally, everyone has different resources.  While I certainly don’t […]

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General Real Estate

“Sell in May and Go Away…” Does This Apply to Real Estate Investing?

by Jimmy Moncrief April 29, 2014
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There is a common stock-market adage that says, “Sell in May and Go Away.” Historically, this is actually pretty good advice if you get back into the market in late September. But let’s take steps a little deeper.  Why is this and how does it relate to the real estate market? USUALLY, people invest their annual […]

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Real Estate

How Horse Racing Made me a Better Real Estate Investor

by Jimmy Moncrief April 16, 2014
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Although I live in beautiful Chattanooga, TN I visit Kentucky and go to the horse races every chance I get.  I have been going to the Kentucky Derby for the last five years and encourage everyone to go.  If you want to meet me and get a free mint Julip – keep reading! The Kentucky […]

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Business Management & Productivity

My Friends All Laughed At Me When I Told Them This Strategy…But Then I Showed Them The Check

by Jimmy Moncrief April 2, 2014
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Have you ever told a friend, spouse, or work colleague a business idea and they laughed hysterically at you? If so, join my club! I basically have at least 2 business ideas a day.  I used to tell my wife all of them to get her insight.  Well…..after 12 years of marriage she was exhausted […]

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Business Management & Productivity

What A Trapper Taught Me About Real Estate Investment Negotiation

by Jimmy Moncrief March 21, 2014
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Most trappers only go see the trader (the “distributor“) twice a year. When a trapper returns from the wilderness he carefully parks his sled in a place where townspeople can see the size of the tarp-covered load and some of it’s quality furs.  After friendly and extensive solicitations concerning the good health of the storekeeper, […]

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Real Estate

Case Study: Buying an Island For 96% Off The Asking Price

by Jimmy Moncrief March 12, 2014
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“Power concedes nothing without a demand. It never did and it never will. Find out just what any people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them; and these will continue till they are resisted with either words or blows, or with […]

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Business Management & Productivity

How to Automate Your Rent Collections Using Dwolla

by Jimmy Moncrief February 26, 2014
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I got into rental properties kind-of by accident; it was simply easier to rent our house out than sell it. As it is with many things, I like to experiment so I decided to take a risk. I could rent my house out and make about $100 over my mortgage. If it ended up as a disaster, […]

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Financing Real Estate

Self-Employed Looking for Credit… What Do Loan Originators/Underwriters Look For?

by Jimmy Moncrief February 12, 2014
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So, you are self-employed and need a loan on some real estate. What exactly do you need? As a bank underwriter, I underwrite a lot of these kind of loans, so in this post I will share what you need to know to qualify for a loan as a self-employed borrower. In this post I’m […]

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Real Estate Investing

Two Big Mistakes I Made in 2013, and the One Guy You Should Follow on BiggerPockets

by Jimmy Moncrief December 30, 2013
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I know a lot of people talk about what happened right in the previous year.  Most of the time, to me at least, this sounds like bragging. Instead of bragging or talking about what went right in 2013, I’m going to talk about two big mistakes I made in 2013 and the one thing I did […]

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Real Estate Tips

7 Things Every Real Estate Investor Should Do By January 1

by Jimmy Moncrief December 17, 2013
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2014 is fast approaching. Here is a list of things you might want to consider this coming January first. 1. Make a 2014 Action Plan Setting up an action-plan before the new year is critical.  This way, you can hit the ground running in January and you can enjoy the holiday season. 2. Express Gratitude […]

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Credit

How to Get a Bank Line of Credit to Invest in Notes

by Jimmy Moncrief December 7, 2013
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I am a bank credit officer and the biggest request I get from investors isn’t to buy notes…it’s getting lines of credit for their note and/or real estate business. If you are a BiggerPockets reader you know there are tons of great note deals out there.  However, your absolute profit is limited to your personal […]

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Financing Real Estate

How to Use Construction Loans to Get 100% Financing on Your Next Deal

by Jimmy Moncrief November 19, 2013
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Every week someone approaches me that is dying to grow their real estate business.  However, they have used all of their cash in property improvements and down-payments. With little cash, they seem helpless.  However, they are still wanting to continue to grow. There are a million strategies gurus try to sell, however, I’m here to […]

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