Shae Bynes, Author at The BiggerPockets Blog

Archive of Shae Bynes

Shae Bynes is a real estate investor in Sunny South Florida. On her blog, GoodFaithInvesting.com, she provides helpful tips and an inside look at her real estate investing adventures -- obstacles, failures, & successes!

Shae has written 51 articles for The BiggerPockets Blog.

Financing Real Estate

Working with Private Money Lenders: Possible Loan Term Options

by Shae Bynes November 25, 2010

Earlier this week, my husband and I refinanced one of our rental properties working with a private money lender. It was the simplest transaction ever. Our private money lender is thrilled because she’s getting a fantastic return on her investment (using her self-directed IRA funds) and we’re happy because not only is she happy, but [...]

8 Read the full article →

Starting Out

A Message to New Investors: Don’t Wait for 2011

by Shae Bynes November 18, 2010

The holidays are upon us which means wonderful times with friends and family (and not so wonderful times shopping….which is why I do 90% of my shopping online!). Many people tend to slow down or even shut down with regards to their business in these last weeks, and if you’re still an investing “newbie” you [...]

8 Read the full article →

Technology & Social Media

Six Helpful Tools Your Virtual Assistant Can Use For Your Real Estate Business

by Shae Bynes November 11, 2010

I have worked with virtual assistants (both abroad as well as in my local city) for two years now and my experiences have varied widely. Unfortunately, I’ve had more negative experiences than positive, but today I want to focus on the positive. (Note: if you want to learn from my not so good experiences, check [...]

23 Read the full article →

Landlord Tenant

5 Reasons Why You Should Rent To Section 8 Tenants

by Shae Bynes November 4, 2010

Real estate investors have a love/hate relationship with Section 8, a financial housing assistance program provided by the U.S. Department of Housing and Urban Development (HUD). I’ve heard horror stories about tenants completely wrecking properties, tenants moving large numbers of adults and children into the home, and other flavors of major drama. There are certainly [...]

161 Read the full article →

Landlord Tenant

Buying Your First Rental? Be Sure To Do The Right Math!

by Shae Bynes October 28, 2010

I was recently speaking with a new investor (let’s call her Maya for simplicity) who is looking into acquiring single family homes as rental properties. The conversation we had about her expected net positive cashflow on a particular property reminded me that it’s so important to understand the basic mathematics for real estate to ensure [...]

6 Read the full article →

Real Estate News & Commentary

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

by Shae Bynes October 15, 2010

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 [...]

16 Read the full article →

Landlord Tenant

5 Strategies To Get Early And On-Time Rent Payments

by Shae Bynes October 7, 2010

A common problem for landlords is collecting on-time rent payments. Personally, I don’t mind late payments because I enjoy making the extra $50-100 per month but generally speaking you want to ensure timely payments if you can. A couple weeks ago I had lunch with a friend and she shared some of the strategies that [...]

11 Read the full article →

Real Estate Technology

6 Killer WordPress Plug-ins for your Real Estate Blog (Part 2)

by Shae Bynes October 1, 2010

In last week’s post, 8 Must Have WordPress Plug-ins for your Real Estate Blog, I provided a list of what I considered the bare essential plug-ins for every blog to have. There were several additional recommendations made within the comments, so I encourage you to check those out as well. Today, I’d like to do [...]

2 Read the full article →

Real Estate Technology

8 Must Have WordPress Plugins for your Real Estate Blog

by Shae Bynes September 23, 2010

Many real estate entrepreneurs and professionals have started blogs for their businesses over the last few years which is a great way to engage clients and partners, build expertise, market services, and feature properties for sale (for wholesalers and realtors). One of the most popular platforms for blogs is WordPress and its very powerful thanks [...]

27 Read the full article →

Real Estate Investing

Storytelling is Powerful for your Real Estate Business

by Shae Bynes September 16, 2010

Tell me a fact and I’ll learn. Tell me a truth and I’ll believe. But tell me a story and it will live in my heart forever. -Unknown Did you know that storytelling is one of the most effective strategies that you can use to grow your business? I spent much of my corporate career [...]

13 Read the full article →

Real Estate Marketing

3 Ways to Create a Follow Up System for Real Estate Seller Leads

by Shae Bynes September 9, 2010

I’m sure many of you are familiar with the expression “The fortune is in the follow-up.” Follow up is a key to success in any business. Unfortunately there are real estate investors who are ignoring this critical business activity and leaving money on the table. We all know that in the real estate business, you [...]

12 Read the full article →

Real Estate News & Commentary

The SAFE Act: Most Confusing Legislation of 2010?

by Shae Bynes September 2, 2010

Today marks my 40th post for the BiggerPockets blog and yesterday I realized that up to this point I am yet to write a commentary. That changes today. Pardon my rant, but I think the responses to this post will help a lot of people. Ok, seriously? I can’t think of anything that has been more [...]

22 Read the full article →

Real Estate Marketing

Referrals: An Often Overlooked Way to Get Motivated Seller Leads

by Shae Bynes August 5, 2010

On Tuesday I spent 3 hours in a mastermind session with ten business owners across a variety of industries and one of the topics we covered at length was marketing and various methods for generating leads for our businesses. One of the key takeaways I have from the session is that referrals are one of [...]

17 Read the full article →

← Previous Entries