investing: Real estate shell game - part 2
- 10/24/07 02:49 PM
I've written a lot recently on real estaet fraud, to include posting a schematic of a popular investment collusion fraud that is plaguing many communities. Unfortunately there are many variations on this theme. Here's another scheme that real estate con men are using to bilk investors: Whether you're an investor or a real estate professional it pays to know the basic mechanisms of these schemes so you can identify them when they start popping up in your community. Check out this YouTube video which profiles some victims of the scheme. Related posts: Real Estate Shell Game :: Recognizing FraudReal Estate Shell Game :: … (4 comments)
investing: Three principles to remember when negotiating real estate deals
- 07/09/07 10:01 AM
Investing in real estate is all about dealing with people - so developing your people skills is a critical and often overlooked component of investing. With all of thet talk about cap rates, foreclosures, flipping and mortgage options there's a real dearth of material out there about negotiating. Good negotiators are students of human nature, and they learn from every interaction. I've mentioned in previous entreis that I'm a fan of the book Getting to Yes, the most famous product of the Harvard Negotiation Project. As I've negotiated various deals - both in real estate and in other fields - I've … (1 comments)
investing: Why I don't like Kiyosaki's Rich Dad, Poor Dad
- 06/26/07 10:10 AM
It’s impossible to deny Robert Kiyoski’s success with his famous Rich Dad series. Go to Amazon.com and you’ll find almost fifty books, tapes and related paraphernalia on offer; Rich Dad in English and Spanish, Rich Dad for women and for kids. Even Rich Dad in Chinese. But it’s hard to beat the DVD Rich Dad’s 60 Minutes to Getting Rich. Kind of expensive at $79.99…but hey that’s a small price for wealth in 60 minutes, right? Boardgame anyone? Only $149.99. Plus tax. Kiyosaki has a lot of enthusiastic supporters – and a lot of them are Active Rainers – so I might … (10 comments)
investing: Online resources for Real Estate Investors...
- 04/26/07 09:21 AM
Here are some great online references for real estate investors and the agents who serve them. Yeah you can do courses and seminars and read books till you're blue in the face, but there's nothing like learning by doing. And here's some sites written by folks who are doing just that. ---------------------------------------- I bought a duplex: The title says it all My Real Estate Investing Venture: One investor's adventure in the market Successful Landlord Blog: Investing from the Landlord's perspective Creative Real Estate Online Forum: Great forum for newbies and veterans alike Tenant Tales: You think you've seen wacky tenants? Check this blog out Shaun from Arizona's … (1 comments)
investing: Focus on Investing :: Multi-Family challenges
- 04/11/07 10:21 AM
In January I declared a New Years resolution to sell a high-end property that had accumulated some equity and use a 1031 deferred tax exchange to trade it for a multi-family building that had better income potential. I accomplished the sell-side of the transaction earlier in the year, and I'm now on the verge of finishing the deal by closing on the purchase side: a four-unit multifamily building. Investing in multi-family has some unique challenges, especially under the constrants of a 1031 exchange. I get something new out of each deal I do, and here's three unique challenges I ran into on … (0 comments)
I've written a lot recently on real estaet fraud, to include posting a schematic of a popular investment collusion fraud that is plaguing many communities. ;)
;)
