investor

Real Estate Investing

The Case for Being a Realtor and Investor

by Marty Boardman | December 29, 2011
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As he took his place at the front of the packed auditorium the instructor began by telling a story.  “I was once a real estate broker” he announced.  “Years later, I became a real estate attorney.”  He said “I did this so I could kill my own deals.” The speaker’s name was William Kozub and [...]

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Real Estate Investing

End of Year Bittersweet for this Real Estate Investor

by Marty Boardman | December 22, 2011
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Roger Ellis was the vice principal of my high school.  He was firm, but fair.  I know this because I spent a lot of time in his office. Apparently, Mr. Ellis had a problem with me parking in spaces reserved for teachers.  This made no sense to me.  I took an off-campus class in the [...]

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Real Estate Marketing

The New Way to Market to Probates

by Sharon Vornholt | November 14, 2011

I have been marketing to probates using direct mail for a long time now. Over the past 6 months or so, I have noticed a change that will directly impact how I market to these folks in the future. In fact, I would say this will be my new way to market to probates. My [...]

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Financing Real Estate

5 Things Private Money Lenders Want to Know Before Investing With You!

by Spencer Cullor | September 6, 2011

If you’ve been investing in real estate for a while, chances are you have considered using private money lenders (investors) to grow your business. Most people fail when reaching out to potential investors because they don’t answer the five critical questions that every private lender must have answered before investing with you (even if they [...]

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Commercial Real Estate

The Importance of Having a Capital Expense Budget when Buying a Property

by Spencer Cullor | August 31, 2011
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One of the biggest mistakes I see investors make when financially evaluating an investment property is that they fail to include a capital expense budget for the property. When acquiring an investment property, it is critical that you have a capital expense budget as well as a recurring replacement reserve factored into the equity you [...]

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Real Estate Investing

Are You Getting Ready to Get Ready to Invest in Real Estate?

by Marty Boardman | August 12, 2011

He was hungry.  Not literally, of course.  Although tall and lean, I doubt he’d missed many meals.  No, Eric Sage was hungry in the “I’m miserable at my job and will do anything to change my financial situation” sort of way. At the time Eric had very little time, education, or money.  But that didn’t [...]

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Real Estate Investing

Adopt a ‘Why I Shouldn’t do this Real Estate Deal’ Attitude

by Marty Boardman | July 1, 2011

Michelle from Michigan hasn’t closed a deal in over two years, though it’s not from a lack of effort.  The real estate market there is in the tank.  It’s no wonder she left me two messages, twice last Friday and again on Monday.  She was excited about finally finding a profitable opportunity. I explained to [...]

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Real Estate Investing

The Call Every Real Estate Investor Will Eventually Get

by Marty Boardman | May 12, 2011
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I could hear the desperation in her voice.  Diane was nearly hysterical.  She had just found out that she lost her home of 18 years to foreclosure.  An investment group bought her property at the courthouse steps for $70,000.  Then, they promptly posted a notice on her door that read WRITTEN DEMAND AND SURRENDER OF [...]

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Real Estate Investing

Are You A Little Too Comfortable?

by Danny Johnson | May 12, 2011
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Most people only do what is comfortable for them and rarely try something new. Things like interviewing for a job, giving a speech, riding a bike, etc. are not easy when we first try them. These are things that take us out of our happy little comfort zone. It’s not a place most of us [...]

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Real Estate Investing

I Want to be a Hard Money Lender When I Grow Up

by Marty Boardman | May 5, 2011
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I got the strobe light at Radio Shack the summer of 8th grade.  The mirror ball was a Christmas present.  I bought more than 200 singles from Music City Records that year – artists like The Breakfast Club, The Jets and Cameo.  I would spin those 45 RPM one-hit-wonders with an old Pioneer turntable.  My [...]

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Real Estate Investing

Now Taking Real Estate Questions from the Class

by Marty Boardman | March 10, 2011
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Dr. Philip Rulon could tell a story.  He was my American history teacher in college at Northern Arizona University in Flagstaff.  I actually looked forward to his class.  Twice a week, for 75 minutes, Dr. Rulon would colorfully describe important historical events like the Civil War, the Great Depression and the JFK assassination.  He knew [...]

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Real Estate

How to Protect Yourself as an Investor with Insurance

by Jason Hanson | June 20, 2010
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A while back I was at church and I saw this good looking girl wearing a red dress. The first thought that popped in my mind was “look at the legs on her.” The second thought was that I’m going to talk to her and get to know her better. So, I stroll up to [...]

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Real Estate Marketing

How Not to Lose Real Estate Deals

by Joshua Dorkin | June 13, 2010

I’ve been going back and forth with a member of BiggerPockets today about a deal that he found on our site. He was very excited about the property and despite his best efforts, tried to get in touch with the individual posting it, and failed. Here’s a little video with some advice for all the [...]

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Real Estate Investing

I Can Do That! No, Sorry, You Probably Can’t – Wannabes and Mentorship

by Jeff Brown | April 13, 2010
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I apologize in advance for the length of this post. The subject matter is near and dear to me. I think it strikes at the core of why BiggerPockets exists — and why I said yes to Joshua Dorkin when he graciously offered me the opportunity to contribute here. One of the excellent characteristics about [...]

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Real Estate Investing

5 Must Haves Before you Quit Your Day Job for Full-Time Real Estate Investing

by Ryan Moeller | September 29, 2009

Real estate can provide passive income, even allow you to quit your day job and become financially free. For many investors, this is the goal: to be their own boss and to be able to work when they want and where they want.

Here are 5 must-haves before you give up your day job.

  1. 30% more monthly cash flow then you need – Surprises happen. Vacancy, maintenance and other expenses arise and you are not guaranteed optimal cash flow on every property every month. Make sure you have 30% more than what you need as a buffer for surprises.
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