reia of macomb: Split Focused Real Estate Investing Starategies Ususally Ensure Failure - 02/06/12 09:06 AM
Unless you utter the words “I’m a full-time real estate investor, and I’ll I do is buy, fix, flip, wholesale, rent, and sell houses all day every day”, plus have a team of about 6 strong employees, it’s very difficult to implement 3 different investing strategies at one time with success. I wrote this article because every month, week, and day I speak with different REIA of Macomb members and they’re all over the place in terms of what they’re doing. They may be trying to do sandwich leases, wholesales, and full rehabs all at the same time. The most … (4 comments)
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reia of macomb: How A Two Dollar Investment Can Make You Five Thousand On Your Next Michigan Real Estate Investment - 02/06/12 09:04 AM
If you haven’t noticed rehabbing is back…in a BIG way. What’s rehabbing? My definition is buying a house, repairing/updating/& finishing it to the maximum allowable by neighborhood standards in hopes to sell it for the highest realistic price. That’s a mouthful.
If you don’t already know, selling houses retail is a delicate balance between budget & final product. There are a lot of variables that play into your end profit.
1. Purchase Price2. Rehab amount3. Rehab time4. Rehab quality5. Rehab style
Let’s pretend that you have all of those already figured out. If you even paid attention to the title … (2 comments)
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reia of macomb: 2012 Michigan Market Turnaround - 02/05/12 11:56 AM
As we kick off the 2012 real estate investing season only one word comes to mind…TURNAROUND! In the first week of the year RealtyTrac came out with numbers proving that foreclosures are at their lowest point in 7 years in Michigan. What does that mean for us Michigan real estate investors?
Well if you’re not on the front lines day to day as I am you may have missed that over the last 12 months the trend to buy, fix, and completely rehab to the nine’s is what’s producing the highest profits for investors. There are quite a few different … (0 comments)
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reia of macomb: 9 Out of 10 Buyers Find Their House Online - 02/05/12 11:55 AM
Flip Houses The Easy Way
I got my chops busted everyday when I first stepped into the professional world by my sales manager. He used to have to beat it into my head that you have to give the customer what they want-not what’s necessarily best for them. He had a saying, “Don’t fight it, write it”. What he meant was if the customer asks you for something, give it to them and don’t try to change their minds.
So now I ask you-Are your houses you are flipping, wholesaling, or renting (yuck), being advertised online on your website?
If you answered No, then you … (2 comments)
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reia of macomb: The #1 Mistake People Make On Their Real Estate Investing Website - 02/04/12 12:48 PM
The #1 Mistake You Can Make On Your Website Having any kind of web presence is always better than having none. That being said, if your site sucks and doesn’t help you achieve what you’re trying to achieve then it’s basically useless. Below I’ll breakdown 3 separate websites that all came up when I searched for “We Buy Houses”. Whether you’re new to Michigan real estate investing or an old grizzled pro, you should all have “We Buy House” websites active right now.
Let’s go from worst to best. My opinions are strictly based on my own success using websites to … (4 comments)
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reia of macomb: The 1 Thing You Cant Do If You Want To Be Successful In Michigan Real Estate pt. 2 - 06/27/11 08:07 AM
The most beautiful gift that the internet has given us as business people is laziness. Not quite how you thought this training article was going to start? Well part (2) is the easiest way for all of us to truly be successful as real estate investors. Here’s where the laziness makes us rich…licking and sticking. Say what? If you’re from the 90′s, 80′s or 70′s you know exactly what I’m talking about-Direct Mail.
When’s the last time that you spent 5 seconds to put together a piece of snail mail that wasn’t a bill or some type of Hallmark … (2 comments)
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reia of macomb: How To Take Advantage of Michigan’s Foreclosure Market In Fall of 2010 - 08/17/10 02:59 PM
Thursday, August 26th at 7:00 p.m
Real Estate Attorney and Title Expert Shares His Inside Tips on Where The Michigan Foreclosure Market is Heading
Thursday August 26th, at The REIA of Macomb’s Main Event, Mike Luberto president of Chirco Title Comapany and licensed attorney will share his tips, techniques, & stories that will help you make more money investing in Michigan foreclosures.
What not-to-do when searching out your next foreclsoure deal The truth about “Double Closings“ How to defer all of your tax liability with one simple technique What to cross out and run away from on your sellers purchase agreements Meet real live Michigan investors who use … (0 comments)
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reia of macomb: All Star REIA of Macomb Member Making It Happen - 08/12/10 03:26 PM
REIA of Macomb All-Star
The REIA of Macomb has had over 50 separate events to date all primarily focusing on Michigan real estate investing. I’ve personally been to every one of those events and strive during and after each to meet just about everyone who comes through our doors. Since I am a full time real estate investor my numbers may be a little skewed, that’s a joke, but I believe I’ve met well over 2000 people over the last few years. Some of them have been 30 year real estate veterans and others may have just stumbled into the event from something they found on … (0 comments)
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reia of macomb: We Buy Michigan Houses (3 steps to successfully buying from private sellers in the foreclosure boom) - 08/04/10 01:23 PM
Are You Ready to be an Equity Bandit?
Real estate is cyclical. Which means different buying techniques are called for depending on what part of the economic cycle real estate is in at that particular time. 5 years ago, before theMichigan foreclosure boom, one of the best ways to buy a house was from a seller who had equity and needed to sell fast. There were many ways to find that particular buyer, direct mail, internet advertising, or most investor’s weapon of choice “We Buy Houses” signs.
As equity evaporated, less and less investors were going after private sellers and … (0 comments)
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reia of macomb: How To Have The Bank Pay For Your New Roof & Home Inspection - 07/27/10 01:21 PM
Are You Letting Thousands Fly Out The Roof?
After being involved in well over 100 bank foreclosure purchases there’s one rule that always seems to stand…
You will spend more money on your rehab than you anticipated.
There are deals out there, and I’ve been lucky to be in on a few, where everything was as expected after the home inspection-in fact the inspector said if you don’t buy this I will! Unfortunately that’s not normally the case. As Michigan real estate investors get excited at the thought of cashing in on the foreclosure boom we sometimes get a little blinded by … (0 comments)
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reia of macomb: Does Your Business Card Belong In a Dumpster (pt.2) - 07/23/10 11:44 AM
Leave It Here & Design An Effctive One Here’s $1,000 worth of information (continued)
1. If your business card has a big, shiny logo on it that makes you feel proud-throw it out.
2. If your business card is 1 sided-throw it out.
3. If your business card is missing your website name-throw it out.
Last week I promised I would explain my 3 statements above. If you didn’t read part 1 CLICK HERE
1. Let’s start with the big shiny logo. This is completely ego driven. 50 years ago before we were pummeled with over 3000 marketing/advertising messages a day your company logo had a lot more … (3 comments)
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reia of macomb: Flip Your Michigan Foreclosure Faster For Full Price - 07/15/10 10:13 AM
Home Staging Strategies For Quick Sale Success Are you selling a house right now? Chances are if you’re reading this you’re flipping this minute or you’re preparing to. Who’s your target buyer? Is it first time buyers, 2nd home mover uppers, or maybe empty nesters? Whoever it may be has a ton more choices now than ever before. There are investors like you and me buying, fixing, and selling. There are traditional homeowners out there who still have equity and are offering a beautiful product. There’s even the short sale sellers who’s house probably won’t look as nice but will … (0 comments)
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reia of macomb: Does Your Business Card Belong In a Dumpster (pt.1) - 07/08/10 08:29 AM
You Will Neve Have Another Chance At a First Impression-DON’T BLOW IT!
Busniess is changing rapidly. Over the last 10 years the use of the internet in business has absolutley crushed some of the old stand-bys. The biggest shift is the attention span of your prospective customer/client/partner-which is said to be down to 3 seconds!
We want everything now-We want everything cheap-We don’t want to have to think. (no too much anyway)
What’s your first line of offense in during a typical conversation? Certainly you need to be able to communicate and introduce yourself with a frim handshake while … (6 comments)
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reia of macomb: Can Granite Countertops Help Michigan Real Estate Investors Flip Their Houses Faster - 06/24/10 10:15 AM
You May Be Saving a Few Hundred on the Front End-But Costing Yourself Practically Thousands in the Back End
If granite and laminate (Formica) countertops were the same price which would youe have installed in your rehab?
The answer is undoubtedly granite.
If you are a Michigan real estate investor who is currently buying, repairing, and selling homes you must fit granite into your budget. I’ve personally seen granite used in kitchens from Eastpointe and Hazel Park all the way up to Shelby and West Bloomfield. Initially I was taken aback at the application in the sub $100,000 properties, however it’s very … (4 comments)
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reia of macomb: Michigan Real Estate Investors Make Huge Profits From Lease Options - 06/10/10 07:53 AM
The title says it all; can Michigan real estate investors get rich using lease options as their exit strategy?
There’s always a one word answer for every question in real estate, Depends.
Let’s explore the anatomy of a lease option. First of all a lot of people thing that a lease option is a single transaction. It’s not. Although they typically happen at the same times it’s actually 2 separate transactions *IMPORTANT* If and when you have to evict a lease option tenant and go to court, the judge will treat the lease the exact same way as any other lease-if and only of the … (0 comments)
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reia of macomb: Michigan Real Estate Investors Are Lying To Themselves - 06/07/10 09:40 PM
The 3 easily avoided mistakes that will make you an unsuccessful liar
Through my years in this sport called real estate investing I’ve met a lot of different types of people. Good agents, bad agents, good mortgage brokers, bad mortgage brokers, good contractors, bad contractors, expensive lawyers…well they’re just plain expensive. Of all the folks mentioned above, none of them are as good at lying as real estate investors. Surprised that I claim to be a real estate investor, proudly in fact, and I’m calling myself a liar?
Yes.
Please let me explain. When a prospective purchaser of a property looks … (0 comments)
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reia of macomb: 90-10...Do You Have What It Takes to Do What Others Won't - 06/07/10 09:38 PM
(2 easy ways to prove that you are different than almost everyone else)
Recently at a Saturday Real Estate Investor's Workshop in the beginning of June, yes the weather was great outside, one of the attendees caught on to something that I was inferring. After explaining why I
DON"T want to text people in business & I DON'T want them to text me, even more I prefer to real mail them, don't use snail mail it puts an ugly connotation on the second most effective way for people to communicate.
I was teaching the hungry group of investors how to flip … (0 comments)
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reia of macomb: Ho To Get Private Money For Michigan Foreclosures - 10/23/09 08:10 AM
***1 Last Chance In 2009*** How To Get $100,000 In Private Money In 9 Months or Less!!! Last month this action packed seminar was offered and SOLD OUT weeks before the event. At this event only 27 attendees will be allowed through the doors. Last month we had 10 more sign up online and at the door after we closed the event. Did we let them attend? Of course, and we received RAVE REVIEWS. On Saturday, November 14th you have the opportunity to learn ho to get $100,000 in Private Money in 9 monrths or less. … (0 comments)
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reia of macomb: REIA of Macomb Teams With Marines for Toys For Tots - 12/05/08 02:23 PM
Christmas Networking Extravaganza Meet & Build Your Power Team at Michigan's #1 Real Estate Investing Club (and network with the most successful real estate investors in the state!) A one night only event where local service providers will showcase their products and services that will MAKE YOU MORE MONEY
Here's a some of the people you will meet; -Hard money lender (even in this market) -Real Estate Tax Specialist -Michigan's #1 Title Company for real estate investors -Expert Michigan Real Estate Attorney -Trustworthy general contractors -Hone inspector (mold specialist) -Property Tax Appeal Experts -Property Insurance Agency specializing in real estate investors This is the only event all … (0 comments)
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reia of macomb: Are Your Southeast Michigan Property Taxes Too HIGH??? - 11/17/08 08:54 PM
Has Your SEV Gone Down, But Your Taxes Gone Up? This month at The REIA of Macomb's Main Event you'll learn how to lower your property taxes. Let's talk turkey, most of our property values have dropped over the last couple of years. Why are we still be taxed at the values of 2 or 3 years ago? This event is not just for investors. There's a good chance if you're reading this you own a home and are paying higher property taxes than you should. If you are an investor with multiple properties and can achieve a 10 or 20% … (0 comments)
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