auction

Massive Denial Blocks Real Estate Recovery

by Marty Boardman | October 27, 2011

Kevin is not giving up without a fight. I know this because those words are written on a piece of paper taped to his front door. NOT GIVING UP WITHOUT A FIGHT! His house is scheduled to go to a foreclosure auction today. Kevin bought his home on July 8th, 2003 for $270,800. The real [...]

11 comments Read the full article →

Real Estate Investing

The Fix and Flip Fisherman

by Marty Boardman | July 14, 2011

Bill and Frank rent a boat and go fishing. They catch a lot of fish and return to the shore. Bill says to the Frank, “I hope you marked the spot where we caught all those fish.” Frank replies, “Yes, I marked an ‘X’ on the side of the boat to mark the spot.” Bill [...]

19 comments Read the full article →

Real Estate Investing

Shop for Real Estate Assets, Not Liabilities

by Marty Boardman | June 30, 2011

It’s time for me to come clean. I love to shop. Not for clothes or jewelry. That would mean immediate revocation of my man card. No, I like to browse for gizmos, gadgets and toys. High tech or low tech, it doesn’t matter. On Sundays I sit at my kitchen table flipping through the slick [...]

12 comments Read the full article →

Real Estate Investing

A Family Recipe for Buying Houses at the Courthouse Steps

by Marty Boardman | June 16, 2011

Not much has changed on 5th Street in Belvidere, Illinois. My grandparent’s house looks almost exactly the same as it did when I was 8 years old. The wood-paneled walls in the basement are still there. Family pictures remain in the same place. The single bed in the upstairs loft, where I slept on during [...]

3 comments Read the full article →

Real Estate Investing

Real Estate Day Trading at the Courthouse Steps

by Marty Boardman | June 9, 2011

His face was wrinkled. Not from old age, but from the sun. I was certain his raspy voice came from years of cigarette smoking. The man standing at the front of the room was a real estate instructor. The class he was about to teach was called Foreclosures and Short Sales 101. There were about [...]

2 comments Read the full article →

Real Estate Investing

Another Day at the Auction – 3 Houses, 3 Tales – The Rest of the Story

by Marty Boardman | April 21, 2011

The popular NBC docudrama Unsolved Mysteries ran from 1988 to 1997. It was narrated by a man named Robert Stack, who I will always remember as airline captain Rex Kramer in the comedy film Airplane. Robert Stack was cool. His voice was monotone but dramatic – sort of like that guy with the slicked back [...]

6 comments Read the full article →

Real Estate Investing

Another Day at the Auction – 3 Houses, 3 Tales

by Marty Boardman | February 3, 2011

Is it really true that bad things happen in threes? You hear it all the time. If a celebrity dies you’re certain to catch someone saying that two more are about to drop dead. But there’s a lot of good stuff that comes in threes, like: The Three Musketeers The Star Wars trilogy (the first [...]

2 comments Read the full article →

Real Estate Investing

Buying a House at the Courthouse Steps: High Risk – High Reward

by Marty Boardman | January 7, 2011

“Are you gonna pull those pistols or whistle Dixie?” The Outlaw Josey Wales faced four Union soldiers that had just walked out of the town saloon. They had been chasing him across the countryside for months. The soldiers knew that Josey Wales was a gunslinger – a cold blooded killer. That’s why they were afraid [...]

8 comments Read the full article →

Real Estate Investing

Is the Real Estate Market Poised to Collapse Again?

by Marty Boardman | December 15, 2010

I love football. College or pro – it doesn’t matter. If there is a game on I’ll watch. But these days it’s pretty difficult to dedicate four hours or more to sitting on the couch in front of the TV. I have to be creative. My wife will allow it if I agree to fold [...]

9 comments Read the full article →

Real Estate Investing

The Evolution of an REDC Auction Deal

by Marty Boardman | November 3, 2010

I couldn’t get the song out my head. Leroy Van Dyke sang it. My Dad would play this tune in the aftermarket cassette deck of our 1976 Chevy Caprice wood paneled station wagon over and over again. As I entered the grand ballroom of the Hyatt Regency Downtown Phoenix that early Saturday morning in June the [...]

2 comments Read the full article →

Selling Real Estate

Real Estate Auctions: Going Once, Going Twice . . . .

by Tom Koziol | October 30, 2009

While once never used to sell real estate in the amount and quantity that is business du jour today, this method is becoming ever more popular. I am not talking about the auction process that takes place on the court house steps. I’m talking about auctions that sell homes by the boat load. Most auctions [...]

5 comments Read the full article →

Flipping Houses

How to Use Round Robin Auctions to Sell Your Investment Properties Quickly (Part 2)

by Shae Bynes | October 29, 2009

Last week, in part 1 of this article, I gave an overview of the steps to conduct a round robin auction to sell an investment property (particularly beautifully rehabbed homes) quickly. In part 2, I will give you some specific advertising ideas and also answer a possible question/concern you may have: What happens if my [...]

13 comments Read the full article →

Real Estate

A Land Called Oz? Nope-A City Called Villa Park Where Real Estate Is HOT, HOT, HOT

by Charles Feldman | January 14, 2009

I say, thank God for Villa Park in Orange County, California. It is exactly the sort of place those who don’t believe we are in an economic tailspin point to and say: “See, there are places the real estate situation isn’t so bad. In fact, it’s pretty damn good!” Here’s the scoop. Reports the Orange [...]

1 comment Read the full article →

Real Estate

Even At An Auction, You Need to Slow Things Down

by Joshua M. Marks, Esq. | June 25, 2008

An investor (who I will call “Phil”) recently contacted me with a situation that arises from his successful bid at an estate auction for a single-family home. Similar to most estate auctions, the auction participants had approximately one hour only to look through the property prior to the commencement of the auction. As you can [...]

1 comment Read the full article →

Commentary

“Dumb Luck”

by Jim Watkins | January 10, 2008

I sat at a poker table and saw a Straight Flush be beaten by a Royal Flush. One of my friends told me of a convenience store clerk that refused to break a $20 bill without a purchase being made. To comply, my friend bought a lottery ticket and won $100,000. I jumped for joy [...]

3 comments Read the full article →

← Previous Entries