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Business Management & Productivity*

Business Management & Productivity*

The Ultimate Due Diligence Guide for Buy & Hold Properties

by Matt Faircloth October 24, 2014
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Hey All! As you might already be aware, our primary focus is buy-rehab-hold. Many times over the years, deals have looked great on the first walk through, and the numbers have come up solid, but upon further inspection, we have found issues that caused us to change our minds about the deal. It’s important to […]

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Business Management & Productivity*

How to Better Utilize BiggerPockets to Reach Your Real Estate Goals

by Nathan Brooks October 23, 2014
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This past week, I put 2 properties under contract. Combined, they equal $90k gross profit. Not bad for two deals — and probably 20 total hours of work over the next 3-4 months. One is with a new partner (insert internet fist bump), and one is in my own LLC. One is a flip that […]

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Business Management & Productivity*

Steps to Take in the Next 15 Days to Maximize Tax Savings for 2014

by Amanda Han October 23, 2014
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An observation that I made a few years back is that a large percentage of my clients who file for tax extensions are also clients who owe taxes to the IRS. If you think about it, this makes sense because if you are someone who usually anticipates a larger tax refund, odds are that you […]

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Business Management & Productivity*

4 Revealing Questions to Ask Prospective Property Managers

by Conor Flaherty October 22, 2014
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Property management is a crucial part of any rental investment strategy. A lot of people will do the property management themselves, and many people will also hire a professional property manager. I’ve seen the whole gamut of results with both approaches. In my opinion, property management is the single biggest factor in determining the ultimate […]

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Business Management & Productivity*

4 Compelling Reasons to Always Follow Up With Sellers

by John Fedro October 20, 2014
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80% of sales are made between the fifth and twelfth contact with a seller. Additionally, 48% of sales people will never follow up with a client. This article will discuss just a few of the ideas to consider when calling sellers back…

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Business Management & Productivity*

Your Complete Guide to Analyzing a Property in Just 10 Minutes

by Michael Blank October 20, 2014
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When I first got started with looking for multifamily properties, it took me 4 hours to answer the question, “What is the most I can offer for this particular deal?” As you probably know, you gotta kiss a lot of frogs before you find a good deal and can put it under contract. The time […]

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Business Management & Productivity*

Opinion: Allowing Smokers in Your Rental is Costly & Just Plain Dumb

by Eric Drenckhahn October 19, 2014
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Are you aware of the expenses associated with allowing someone to smoke in your rental? If not, you need to understand that a smoker will cost you at least 10% of your profits due to increased turnover costs and additional vacancy. That is an unscientific number, and I may venture to guess it may be […]

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Business Management & Productivity*

7 Intuitive Tech Tools to Streamline Your Wholesaling Business

by Ben Grise October 18, 2014
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Is managing your phone calls and seller leads on paper or with Microsoft Excel driving you mad? If so, then I know exactly where you’re coming from. If you’re like me, you probably started out well, but then as you gained more experience and invested more money into your wholesaling business, you started generating more […]

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Business Management & Productivity*

The Simple, Effective Way to Build Seller Trust & Land More Deals

by Chris Feltus October 17, 2014
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When it comes to submitting offers on distressed properties, a lot of both new and seasoned investors can sometimes get stuck feeling guilty about their offer. But by being genuine with people and truly caring about their situations, over time you will be able to build trust and generate more business while simultaneously providing help […]

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Business Management & Productivity*

How to Overcome Fear & Ask for What You Want (or the Time I Made $30K in 6 Weeks)

by Nathan Brooks October 15, 2014
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There are monumental moments in life we will never forget: in life, in business and with our family and our children. For me, there was one such moment during a deal that came together where I made the most money I had ever made in a real estate deal to that point — and having been […]

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Business Management & Productivity*

The Pumpkin Plan: A 7 Step Process for Fast Business Growth

by Sharon Vornholt October 14, 2014
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I recently read what I believe is one of the best business books on the market. It is called The Pumpkin Plan by Michael Michalowicz. This book lays out a simple strategy to grow a remarkable business in any field. No matter what business they are in, entrepreneurs more often than not reach a point […]

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Business Management & Productivity*

7 Daily Steps to Steadily Build a Real Estate Empire

by Conor Flaherty October 13, 2014
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Real estate can be a very hectic business. There are often many projects going on all at the same time, and every one of them needs attention right this second. I can be a “Ready…Fire! Aim…” kind of guy, so it was important for me to learn how to manage (or at least try to […]

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Business Management & Productivity*

3 Unwritten Rules for When Things Go Bad With Your Investors

by Michael Blank October 12, 2014
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Right before the great recession, I invested some money with a local real estate developer (we’ll call him “Ben,” but that’s of course not his real name!) along with a dozen other investors. He had a fabulous reputation, and the project looked solid. For several months he made distributions and communicated regularly. Then it all […]

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Business Management & Productivity*

The Biggest Unseen Danger for the Busy Real Estate Investor

by Seth Williams October 11, 2014
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A few weeks ago, after sifting through dozens of emails in one morning, it suddenly dawned on me that there were a lot of people in my life who wanted something from me: Some people wanted my professional opinion. Other people wanted me to meet with them for breakfast. Some people wanted to leverage my network. Other […]

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Business Management & Productivity*

I (Almost) NEVER Wholesale Real Estate: Here’s Why

by Matt Faircloth October 10, 2014
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It’s time to stir some things up here on BiggerPockets! I know there is a large community of wholesalers on BP, and I am coming right into the middle of that community and saying that I almost never involve wholesaling in my business. So I’m pretty much getting on BiggerPockets and picking a fight. Crazy […]

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