real estate investing: Falling Values and Obsolete Appraisals - 05/23/08 03:50 PM
If you're looking at properties on a fairly regular basis, I'll guarantee you've heard the following line in the past 6 months:
"We have an appraisal from [insert date here] for $[insert amount here]."
Stop. Write it down. What was the date they told you? If it's anything other than the … (3 comments)
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real estate investing: Tuesday's Tip #59: Uninterested Party - 05/20/08 09:27 PM
As an real estate investor, you probably spending a lot of time looking at a lot of property. But, what about you out of state investors? And you international investors? How many times do you have the freedom to rush in and check out something you're buying?
The major … (1 comments)
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real estate investing: Our Squidoo Lens for Cash Flow Real Estate Investing - 05/19/08 05:06 PM
We've created a lens on Squidoo for Cash Flow Real Estate. I'm really impressed with what Seth Godin has put together to bring people and information together and thought this would be a great place to reach more people.
We've linked some of our favorite blogs and sites there for you … (1 comments)
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real estate investing: Tuesday's Tip #58: The Cash Tree - 05/13/08 09:15 PM
Values tumbled in the first quarter of 2008. The median price for a single family home dropped 7.7%. That's the largest drop in 29 years, according to Kathleen M. Howley of Bloomberg.com. If you have a $150k house, there's a good chance you just lost about $11k of equity in your … (3 comments)
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real estate investing: Tuesday’s Tip #57: The Little Things - 05/06/08 09:16 PM
It's easy to get into a rush as you're running numbers, because every deal is the "deal of a lifetime". This rush is part of what makes it so enticing for investors to get into the investment real estate world. Sadly, it's also the very thing that takes many of them … (6 comments)
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real estate investing: Indiana Property Manager - 04/25/08 12:56 PM
We've talked about this quite a bit before, but your property manager will make or break your real estate investing. Find the wrong one and their likely to be terrorizing tenants, like the Macy's.
Get serious about having a property manager who will take care of your tenants. It's never too … (3 comments)
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real estate investing: Tuesday’s Tip #54: Buying with Cash - 04/15/08 05:19 PM
Foreclosure filings have jumped 57% from a year ago. The bubble has burst, and if you think this only affects us here in the US, you're wrong. It's has spread overseas.
You can call me a pessimist, but the reality is staring us in the face. We're in a recession. And, … (0 comments)
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real estate investing: Tuesday’s Tip #53: Specialists on Your Team - 04/08/08 06:43 PM
Over the past year, I’ve talked quite a bit about the importance of putting together a solid team of advisors and workers in your investing. The right team will make or break your efforts to invest wisely. Given the nature of the current market, I encourage you to really get serious … (0 comments)
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real estate investing: Tuesday's Tip #52: Persistent or Annoying? - 04/01/08 03:08 PM
If you aren't where you want to be as an real estate investor, persistence is key. If you don't know what persistence is, I suggest you read what Seth Godin said of it:
"Persistence isn't using the same tactics over and over. That's just annoying.
Persistence is having the same goal … (0 comments)
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real estate investing: Losing Equity? Think Rentals - 03/21/08 12:21 PM
Foreclosures are up significantly these days, and it's killing you and me. Americans are losing an incredible amount of equity as houses all around their own are losing value like crazy. The market is flooded with desperate sellers and limited financing options, while few buyers are willing to brave the market.
… (4 comments)
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real estate investing: Tuesday’s Tip #49: False Assumptions - 03/11/08 04:52 PM
Foreclosures are on the rise. They have been rising for quite a while now, as I'm sure you already knew. This problem is having an extremely negative impact on the economy and many other areas of our society. The fact is, none of us are immune from it's impact.
But, there … (0 comments)
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real estate investing: In the News: Real Estate, Economic, and Personal Finance Woes - 03/06/08 11:55 AM
In February of 2008, Americans filed an average of 3,960 bankruptcy petitions daily. That puts us up 28% from one year ago. As well, we're at a 23 year high on late mortgage payments.
That's scary.
Things are looking down. Times are hard. How are you helping those who are suffering? … (0 comments)
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real estate investing: Tuesday’s Tip #48: Keep Good Tenants - 03/04/08 08:02 PM
I’ve been working closely with my property manager over the past several months. He’s been helping numerous investors across the country to turn their properties around and straighten out their cash flow.
Why? Cash flow investors have been screwed by property managers in Indianapolis for years now. Rents have not been … (1 comments)
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real estate investing: "Distinctly Less Favourable" Economy - 02/27/08 07:21 PM
Where are you investing your money? How are you securing it? What makes that investment secure?
Today, news broke that the dollar has hit a new record low against the Euro. Fed Chairman, Ben Bernanke, has sparked this through his recent comments about the economy when he said things are “distinctly … (5 comments)
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real estate investing: Tuesday’s Tip #47: Be Resourceful - 02/26/08 02:52 PM
If you’ve ever been in the rental business, you know how expensive it can be to rehab a property after a tenant moves out. You try to fix things well and put in nice things and tenants destroy them. You put in something cheap and end up replacing it four times … (2 comments)
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real estate investing: Existing Home Sales Dropping Rapidly: Time to Buy - 02/25/08 02:29 PM
"'Expect sales and prices to keep falling,' said Ian Shepherdson, chief U.S. economist for High Frequency Economics. 'There is no end in sight for the housing disaster'." (Check out the entire article over here at Yahoo Finance.)
Believe whatever you like about the economy. Prices and sales continue to drop and … (1 comments)
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real estate investing: Cash Buyers in Down Markets - 02/21/08 01:57 PM
Despite the terrible economic signs across the country, Manhattan real estate agents are enjoying quite the boost in sales of apartments. According to this article by Don Dahler, of CBS, they're experiencing the best sales they've had since the dot-com boom of 2000.
I can't help but believe this can't and … (1 comments)
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real estate investing: Debt Management Issues - 02/20/08 12:05 PM
Vallejo, California is headed for the history books. Sadly, it’s not for their Six Flags Discovery Kingdom location or their first time African-American Mayor, Osby Davis, in the city. It looks as if they’re going down as what might possibly be California’s first city ever to declare bankruptcy.
Debt management problems … (0 comments)
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real estate investing: Tuesday’s Tip #44: Who do you know? - 12/04/07 09:18 PM
Who do you know? Why does that make a difference?
I'm not asking if you know someone famous. I don't need your Who's Who list of acquaintances. In all honesty, I couldn't care much less about any of that.
I'm talking about your network of contacts. I'm talking about your investing. … (0 comments)
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real estate investing: Tuesday’s Tip #43: Good Communication - 11/27/07 08:58 PM
Being a middleman, I’m constantly stuck in the middle of poor communication. I see major issues with communication from lenders, inspectors, realtors, buyers, and sellers and that’s just ridiculous.
Poor communication comes across as poor professionalism, and it hurts everyone involved. If you don’t have an answer or you don’t have … (2 comments)
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