Posts tagged as:

real estate investor

Passive real estate investing tips, become an entrepreneur

by Ryan Moeller | October 13, 2009

One of the big motivators for becoming a real estate investor is to get out of the rat race. Real estate investing can be an 80 hour a week job, or it can provide you with financial freedom and a lifestyle where you get to choose how, when, where, why. The key is to become an entrepreneur. Many think of an entrepreneur as just a business owner, but an entrepreneur is much more.

An entrepreneur can be sipping on Mai Tais in a far off land while his/her business or better yet businesses are running themselves and increasing net worth and cash flow.

Here are some tips to become a passive investor and true entrepreneur

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Real Estate Investing

Right-Brain Marketing: Finding and Comprehending Motivated Sellers

by Justin McClelland | October 8, 2009

The human brain If you’ve read through a couple of Real Estate Investing books, purchased a course or two, and/or frequently read Real Estate websites, then you’re more than familiar with the typical life events that create motivated sellers of Real Estate.

Some of the events that create motivated sellers are:

Loss of a loved one
Job Transfer
Loss of a job
Two mortgages
Tenant troubles
House Vacant
Divorce
House won’t sell

There is nothing wrong with marketing directly to people who own property and are experiencing one or more of the above events. However, chances are you will be amongst many other Real Estate Investors doing the same. To stay ahead of the pack, you have to use some additional methods. Use the right side of your brain and let your imagination go.

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Learn Real Estate

The Bridge to Wealth: Real Estate Syndications

by Kyle Koller | October 4, 2009

In today’s society, the possibility of becoming wealthy exists but remains a lofty aspiration for most. While many have come to understand that real estate is one of the most effective mechanisms by which one can attain wealth, many would-be real estate investors are held back for one reason or another. If only there was a way such an investor could more easily cross the bridge into the wonderful world of real estate…

Bridging the gap

One viable option is to participate in a syndication. A syndication is simply a group of like minded investors that pool their resources together in order to participate in investments larger than they otherwise would have been able to alone. These resources may include liquid capital, expertise, project management, and a variety of other valuable things. Similarly, syndications come in a variety of flavors. Let’s look at reasons one might want to participate in a syndication before discussing the various types of syndications and common pitfalls to avoid.

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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.

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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Real Estate Investing

How I Choose My Real Estate Partners (and the criteria I use)

by Jason Hanson | September 23, 2009

If you really want to make six-figures in this business you’re going to need partners so you can leverage your time. Well, last week I wrote about one of my partners and how we’re getting ready to hopefully close a huge wholesale deal. So, this week I want to tell you how I go about selecting my partners.

Right now I have only a few partners who I work with and trust. And even through I trust these people, the first rule of partnering is to always do it on a per deal basis. I would never form an LLC with someone, or make them an “official” partner in your business. You want to partner with them one deal at a time, that way if anything goes wrong you’ve learned your lesson and you never have to work with them again.

When I first found my partners, most of them ended up approaching me about partnering. But it doesn’t matter if you approach someone, or they come up to you, the selection criteria will remain the same. You could approach a person because they have the money and you have a hot deal which requires money… or they could approach you because they want you to put up the money.

Anyway, here’s how I evaluate a real estate partner:

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Real Estate Investing

10 Tips to Start Out in Real Estate Investing

by Ryan Moeller | September 22, 2009

Starting out in real estate can be very difficult for beginners. There are a lot of unknowns and comfort barriers that must be overcome not to mention the time it takes. Here are 10 tips to jump start your real estate investing career.

Learn – Read every book, article and forum you can. Some boot camps, seminars, webinars, etc are very informative but can be costly. Also become active in online forums.
Join REI Clubs and Groups – Join your local REI Club, networking groups and online groups. Network like crazy and make contacts with experienced people who Do.

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Investor Interviews

Meet the Investor: Interview with Real Estate Investor, Will Barnard

by Joshua Dorkin | September 17, 2009

Its that time again . . . where we get to meet another successful real estate investor. For those of you who are unfamiliar, we will from time to time, interview investors on BiggerPockets for our Meet the Investor series. With that in mind, we’ve got a great interview for you with real estate investor Will Barnard. Will has been one of the most active members of BiggerPockets over the course of the last year or so, and has given back much to others in the community. He is a great resource and a nice guy. With that in mind . . .

Meet Real Estate Investor Will Barnard

WillBarnard

How long have you been investing in real estate full time?

I started investing in 2004 and went “full time” in 2006.

What attracted you to becoming a real estate investor?

I have almost always been self-employed and I am a true entrepreneur at heart. I have always been interested in real estate investing; in fact, I was out looking at homes to buy, rehab and flip back in 2000, but never pulled the trigger because I felt I did not have the financial capabilities to do so — how little did I know! The fact is, I could have, had I had the right education! Real estate investing offers me the freedom to work when I want (which is actually all the time, but I love it!), make as much money as I want, as there are no limits as in a regular job, and most importantly, I love what I do.

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Foreclosures

Network Your Way to Real Estate Success!

by Stephani Davis | August 20, 2009

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.

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Real Estate Deals

How to get tons of great deals, and cherry pick the best ones

by Ryan Moeller | August 11, 2009

The current market conditions have resulted in incredible opportunities for investors. In order to take advantage of the oversupply of opportunities, we investors must efficiently sift through the many available properties and separate the deals from the duds. But first, you need deals coming into your pipeline that fit your criteria. And not just a few, you need an abundance. Finding great deals is the most important part of real estate investing.

Here are some steps and ideas to get tons of profitable deals to cherry pick from:

1. Have agents do the work for you – Agents are starving and will work their tail off for peanuts these days.

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Housing

Where to Invest in Real Estate?

by Ryan Moeller | July 29, 2009

When it comes to finding great real estate deals, I am a firm believer that you can find deals in any market and any time. But what is the probability that you can cherry pick from many home run deals have little competition and multiple exit strategies?

To identify markets to invest it is recommended to have not 1 or 2 of the following, but all 4:
Little chance of depreciation, lots of available deals, low competition, multiple exit strategies.

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Real Estate

BiggerPockets Success Story: Two Deals, Three Months, $50k in profits

by Joshua Dorkin | July 16, 2009

Every day, people in real estate connect, make deals, and partner up thanks to BiggerPockets.com.
I recently heard about yet another successful real estate business relationship established because of BiggerPockets, and thought I’d interview the two gentlemen, Nick Johnson and Justin Schnettler, to find out more about it.
Nick has been involved with [...]

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Real Estate

Why the Country Needs Investors!

by Joshua Dorkin | April 9, 2009

The following is a guest blog by Matt Milmeister, author of Mastering the Art of Foreclosure Investing.
Anytime there is a foreclosure and the bank takes these properties back, they sit vacant. When this happens, the yards and houses further deteriorate and they become eyesores for their neighborhoods. Then property values of perfectly good [...]

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Real Estate Investing

Real Estate Investors: How To Meet With A Seller

by Jason Hanson | April 1, 2009

I was talking with a new investor who had his first in-person meeting with a seller over the weekend. Do you remember the first time that you met with a seller? I sure do. I was terrified. However, I acted like I’d closed thousands of deals before, I was confident and I ended up closing [...]

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