Do you know where your listings are advertised? - 08/11/09 11:15 PM
I often check out several other non MLS websites for real estate properties, digging for investments for my clients. I have yet to find one I don't already know about. I often see the same ones over and over again, and that is what caught my eye. Recently I found an associate's listing being marketed on craigslist by a different broker. Searching around some more revealed this broker was advertising and marketing many listings from other brokers that he did not have permission from.
A quick call to TREC (Texas Real Estate Commission) verified a broker cannot advertise the listings of another broker … (0 comments)

Another SMALL DEAL = Another HUGE RETURN! - 08/11/09 10:32 PM
Here we go again! I'll get straight to the deal instead of my philosophy because I know my investors are excited to read about this one.
We found a single family property priced at $64,000. Tax value is $109,000. So there is about $45,000 instant equity. The home needs a roof $5,000 and some sheetrock repair and paint $2,000. Property was negotiated down to $55,000. With repairs that puts the total investment to $62,000.
I cant believe this thing was sitting on the market for over 90 days! I kept second guessing this investment deal because of how long it sat on the market, … (4 comments)