One of the best ways to get your feet wet if you are a beginning investor or wholesaler is to get out and start networking with other like-minded individuals in your market.
When I was first getting started in my wholesaling career, I was a networking Ninja. My first year I made it my mission to get out and meet as many players in my market as I possibly could, and to introduce myself and let everyone know who I was and what I was trying to do. Some weeks I was going to real estate investor meetings five days out of seven. I was there like clockwork, handing out my business cards and getting to know who the movers and shakers were.
Even though I was scared to death at first, I forced myself to get out of my comfort zone and start plugging myself into the investor pipeline. I took somewhat of a “fake it ’til you make it” approach, and even though I didn’t really have a lot of experience under my belt, I decided that I was going to jump in and rub elbows with the big boys anyway. I read in a book somewhere that you become who you hang around, and so I made the decision that I was going to start hanging around like-minded, successful individuals.
We’ve all heard the saying that opportunity only knocks once.
The great real estate boom reached its apex in 2006—and then the bubble burst. More specifically, the single family home bubble burst. Now, for the first time in years, condos and townhomes are suddenly affordable for a lot of people in places like California, Arizona and Florida. Combine this with Obama’s tax incentives and you’re looking at a buyer’s market. While this is great for able and willing prospective homeowners, it could prove to be a trap for real estate investors.
To be eligible a homeowner must have received a notice of default after July 1, 2009. The homeowner must pay a fee of $200 if they request a hearing and the lender is also required to pay a $200 fee. In anticipation of a flood of requests, the state has trained in excess of 100 lawyers and ex-judges to handle the cases.
Last week I 
I took a test once where I had to score 100% to pass. This was to become a licensed EMT, and there was a good reason for the 100% standard. Since I was being measured on my knowledge of lifesaving emergency medical care, they wanted to be sure I knew every subject on the syllabus perfectly.
When choosing the area you’re going to invest in a lot of people don’t create a large enough radius around where they live. For example, one of the best ways to be successful in this business is to mail a lot of letters and postcards to highly targeted lists. And sometimes when an investor tries to order a list around their home town they might only come up with 300 names. When that happens, you need to enlarge your radius because mailing 300 names will never make you wealthy.
Joshua Dorkin
Charles Feldman
Ted Karsch.
Is It A “U” or “V” Shaped Housing Recovery? Or, Is It Some Other Letter?
by Charles Feldman | August 19, 2009This is the sort of crap (sorry, I meant to say something far more tame, but the only word that came to mind was crap! Will gladly take submissions for other words, though) that makes people get really upset (I had thought of a different word for “upset” but, in this case, was able to come up with the tamer word “upset” rather than pissed….ooops, sorry, didn’t mean to say that! Upset, is what I mean to say!) when they listen or read so-called experts riff on the economy.
In a Reuters story called “U.S. housing starts keep recovery hopes alive,” (which doesn’t really say anything, but makes a nifty headline to make fun of) one of these experts, a dude named Kurt Kari, is quoted as saying, “The economy is recovering, this is the turning of the corner. We will have positive growth this quarter, but not a lot of strength. It very much looks like a U-shaped recovery rather than V-shaped.”
What the hell does that mean? A U-shaped recovery rather than V-shaped? Why not a W-shaped recovery, which would combine the best of U and V?