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Real Estate Tips

Real Estate Tips

What Does Buying a Home “As is” Really Mean??

by Winston Westbrook | November 21, 2009
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The family down the street is selling their home. If you didn’t attend the PTA meeting or go to the church with the family chances are you don’t know this seller. Unfortunately in today’s market we do know the seller. We can bet that the seller of that house is one of the following:

Bank of [...]

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Real Estate Tips

Five Tips to Help Pull Yourself Out of a Real Estate Rut

by Stephani Davis | November 12, 2009
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It’s no secret that life as a real estate entrepreneur  is filled with ups and downs- it just comes with the territory. I’ve only been a full time real estate wholesaler for 3 years now, but I’ve definitely had my share of highs and lows during that time period.
There have been several times over [...]

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Real Estate Tips

The Importance of Accountability Partners

by Shae Bynes | November 12, 2009
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If you don’t have an accountability partner as you’re starting or growing your real estate investing business, you’re at a competitive disadvantage.
I feel strongly about this because I have seen examples of the power of accountability partnerships in both personal and business matters time and time again.  Even if you haven’t personally seen the power [...]

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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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Real Estate Marketing

Lose the pounds not the Deal by Door Knocking

by Winston Westbrook | August 24, 2009

Ok, so you got up this morning and jumped on the scale in the bathroom like I did, and you noticed you gained some pounds over the course of this year. I don’t know about you, but I hate it when my pants do not fit like they should. Not only is it bad on the eyes but bad on the health.

So you ask, how does this tie in with real estate Winston?

My friends, I’ll tell you that health is wealth. What good is it if we have the world at our fingertips, but we cannot enjoy it beacuse we are overweight and unhealthy. So I got to thinking and I came up with a good way to get rid of those stubborn pounds, while at the same time uncovering some of those hidden deals that are just sitting in my neighborhood. The holidays are right around the corner, and if you put some of these simple tips into play, you can lose some serious pounds. You’ll also get the chance to make some deals happen that you wouldn’t have had the chance to do otherwise.

Here is the best way to drum up real estate business while at the same time losing weight and getting healthy:

  • Take a walk throughout your neighborhood and pass out flyers to every single house letting them know about you and your service by door knocking. This works great for investors, real estate agents and loan officers. If you are an investor you can let them know you buy houses fast for cash or if you are a real estate agent you can let them know you can sell their house the quickest etc. etc. You get the drift.
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Real Estate Tips

Why Deadlines Will Save You Time and Hassles

by Jason Hanson | August 19, 2009

Want to learn how to save time and headaches when dealing with sellers? Well, the other day I was working with an investor who mentioned to me that he just couldn’t seem to close the current deal he was working on. It was a perfect subject-to deal, and the seller seemed pretty motivated, however, whenever it came time to sign the contract the seller delayed and said he needed more time to think about it. This had been going on for a month and a half.

So what did I tell this investor to do? I told him to give the seller a deadline. I told him to call the seller up and without sounding pushy, tell him the following: “Mr. Seller, this is John with ABC Realty. I just wanted to let you know that my supervisors told me we will need your decision whether or not you want to sell the house by Monday the 24th. We are looking at several properties right now and by the 24th we are going to purchase our latest batch of properties for the time being. So, please let me know by the 24th if you would like to sell your house to us. After the 24th we will be unable to assist you”.

A Deadline Works Every Time

I’ve seen too many investors spend months “playing games” with a seller trying to get them to sign a contract. They could have saved themselves a lot of hassle if they would have given the seller a deadline early on. When I have a half-motivated seller I give them a week to sign the contract. I don’t want to waste any more time with a person than a week… they’re either going to sign or not.

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Real Estate Tips

7 Beginner Real Estate Investing Mistakes to Avoid

by Ryan Moeller | July 8, 2009

There are a lot of mistakes that can be made in Real Estate. In fact, many savvy investors still make mistakes or have overcome huge mistakes in their investing careers. The keys are to recognize, avoid, learn and move forward from these potential pitfalls. Here are 7 beginner mistakes when investing in real estate.

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Real Estate Tips

The Benefits of Multiple Exit Strategies for Real Estate Investors

by Ryan Moeller | June 30, 2009

With so many ways to make money in real estate, how are you going to choose to make your money? A better question may be what happens if your exit strategy doesn’t work? Do you have multiple exit strategies as backup plans or are you about to absorb a huge and crushing loss?

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Real Estate

Revisiting Your Business Plan

by Richard Warren | June 22, 2009

Remember those days when you had the first ideas for your real estate business? For some that seems like eons ago while others may just now be in the beginning stages of their business. For many those ideas never escape the confines of the cranium and some will scribble ideas on a napkin as they sit at [...]

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Commentary

Where to Search for Commercial Real Estate Online

by Ted Karsch | June 12, 2009

Loopnet.com – Loopnet is probably the largest and most well-known commercial real estate listing site. They claim to have over 630,000 active commercial real estate listings on their website. It costs $24.95 a month for visitors to have access to all of the property listings. The free membership for visitors allows full search capability, however, [...]

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Commentary

A Home Buyer’s “Fair” That Had Much To Reveal–And It Is Not So Good!

by Charles Feldman | April 21, 2009

Image by TheTruthAbout… via Flickr

This past weekend, I dropped in at the Second Annual Home Buyer’s “Fair” at the Los Angeles Convention Center. It was billed as a two day event, complete with seminars and other educational opportunities for the would-be home buyer.
Because of recent speculation–and some actual facts–indicating a slight upturn in the real [...]

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Real Estate Tips

The Cost – Price – Value Trifecta

by Tom Koziol | April 10, 2009

Image by Getty Images via Daylife

I must be in a cost/price/value mindset since my last post dealt with replacement cost should a disaster befall one or more of your properties. Today I will attempt to make the point that cost and/or price doesn’t always equal value.
Most of us understand this truism but every once in [...]

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Blogs

Creating Equity Where There Is None

by Richard Warren | April 6, 2009

We are constantly hearing about homeowners who are upside-down on their homes. The only hope that they seem to have is doing a short-sale, or getting the bank to agree to take less than the amount owed. Frequently no buyer can be found and the home winds up in foreclosure. That is especially true here [...]

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Blogs

Adding Value To Make The Sale

by Richard Warren | March 23, 2009

    
A few short years ago you could sell anything in the hot markets. Before you finished putting the sign on the lawn you had multiple offers in your hands. Competition for properties was so fierce that it wasn’t necessary to spend money or waste time fixing up a house because the buyers didn’t care. [...]

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Learn Real Estate

Learn the Basics of Short Sales (Video)

by Joshua M. Marks, Esq. | February 24, 2009

We put together the following video presentation in 3 parts to help you learn about the basics of Short Sales, how they work, etc. Other topics covered include Credit, Deed in Lieu of Foreclosure, dealing with the banks, and Taking a Short Sale Listing etc.

PART II

PART III

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