Many real estate investors have come to me with the same concern... they know they need to take their investing to the next level so they can obtain that bigger cash flow they’ve been thinking and dreaming of... but they don’t have a clear plan on just how to do it.
If you have you been ... Views: 3665
Real estate investing is much more than finding and buying property. There is more to be done once an investor completes the deal. As an investor, you might own the property for months, and more often, for years. And, by all means, you don't want another job or obligation in your life. After ... Views: 1807
In real estate, negotiation is more like art than science. Some might also consider it to be like a dance because both parties go back and forth with each other... with hopes of bringing both of them to something better, with each person achieving win-win results.
Then there are those who ... Views: 1634
I have one question I always ask management companies when interviewing them. If they don’t answer it correctly, I almost never hire them.
As you know, investing in multi-family property can create a lot of wealth in a very short period of time.
You can be paid three ways.
The first way ... Views: 1613
Whether you are new to the real estate investment word, or a seasoned veteran like me, it is always a wise idea to take some time to re-evaluate, clean up and organize your real estate business. You will be surprised how a little spring cleaning can go a long way to improving your business and ... Views: 1544
In this article, I am going to tell you how you can make money with low rents; the two primary reasons why landlords keep their rents below market; and how you can profit handsomely because of it.
I am a value investor. What does that mean? That means I look for opportunities in the ... Views: 1615
Baseball season has begun. And for my hometown team, it’s been a great start to the season so far! Are you a baseball fan too? It’s America’s pastime after all—what’s not to love!
And, there is another favorite pastime in our country: making money! That’s what I love to do! Come to think of ... Views: 1345
Last month I attended a great fundraising event that a friend of mine organized. Of course, I wanted to support my friend as well as the good cause. But also, I know that networking opportunities present themselves just about everywhere. This event was no exception.
So there I was enjoying ... Views: 1402
We all know someone who has a business that struggles to reach that next level. Maybe it’s your business. Many times this kind of struggle is simply due to the entrepreneur’s own mistakes-- mistakes that are completely avoidable.
Then there are those entrepreneurs who fall completely flat, ... Views: 1249
Every successful business does some sort of innovation. The most successful businesses have a process for innovation. When you incorporate a process of innovation into your business, you will blow away your competition.
Before I reveal a simple formula for implementing an innovation process ... Views: 1301
This is a story about one man, one woman, two weeks and a twenty-three thousand dollar profit.
When I first started investing I took real estate classes, read books and manuals, and listened to cassettes (yes cassettes… what are those?!) constantly.
I wanted to learn as much as I could and ... Views: 1445
Taking your real estate investment business to the next level means going into territory you haven't gone before to reap rewards you haven't yet obtained. I know many people who do the same types of deals they did when they first started in real estate investing. There's nothing wrong with doing ... Views: 1560
Have you ever wondered if you have what it takes to be a successful entrepreneur? There are certain key traits that most, if not all successful entrepreneurs have in common. The good thing is, you don’t have to be born with them. You can develop these traits.
So, if after you read this list, ... Views: 1418
In our last article, we did a comparison of operating expenses vs. capital expenses. You got a good understanding of what these expenses are, where we record them and why we record them when—and just how much it matters!
Today we are going to analyze all of the different ways we call and ... Views: 1257
If you don’t get the expenses right when you are analyzing a real estate deal, you are setting yourself up to get into a bad deal.
There are three parts to due diligence for any real estate deal. The first is financial. This is because if a deal is going to die, 72% of the time it is going to ... Views: 1557
I get this question all the time… Dave, can I do this? And my response is always the same, “Do you think you can?” But in reality, there is more to it and that’s what we are going to be talking about … Can you do this?
First, let’s talk about what “this” is. “This” is anything you are not sure ... Views: 1351
I have been investing in real estate, businesses and commodities for over 19 years now. And, I’ve been teaching people how to invest and run their business for just about 9 years.
Tens of thousands of people have received my systems, attended my events and benefited from our coaching ... Views: 1444
Money. If you want to grow your business quickly and do more real estate deals, it is going to take money. And if you plan on growing quickly, you’re going to do it by using other people’s money.
1) Go to where the money is
When asked why he robbed banks, John Dillinger said, “That is ... Views: 1254
The better negotiator you are, the more deals you close. Negotiations do not start when you make an offer, negotiations start with the first contact you have with a potential seller.
I am going to lay out a technique that I learned many years ago and I’ve used since, to close over 7,000 units ... Views: 2076
Many problems arise with a failing economy and everyone feels the crunch. These financial hardships all have their own labels to then according to the circumstance. For business it is referred to as "cutbacks", for individuals its being "tight money" and for the banks it is "toxic ... Views: 1239
Chances are if you are new to property investment you may be a little overwhelmed with all of the terminology that you are being faced with. After all when you were making your initial investment in your residence you don't recall hearing terms such as absorption rates.
Maybe you are thinking ... Views: 1841
The effectiveness of your network determines the strength of your real estate investment business. I’m always on the lookout for new people to work with – new private investors, new bird dogs, and new players in the market. The way I see it, I am only as good as the weakest member of my team. ... Views: 1285
If you’ve been to any of my boot camps or read any of my books, one thing you’ve heard me say is “take only intelligent risks”. Sure. There’s money to be made in commercial real estate deals, but along with any business comes the potential pitfalls that you must learn to navigate yourself ... Views: 1458
Successful negotiation skills are an art form and must be mastered for you to achieve your investment goals. People who put negotiations on the back burner thinking that they’ll get by or they’ll let someone else handle the deal will often find that they end up with a whole load of work without ... Views: 1223
There are three main reasons novice investors fail in commercial investing: inaction, being cheap, and doing deals that shouldn’t be done. I can’t tell you how many times I hear young investors tell me the reasons why they haven’t reached their goals. Well, it’s time to get out of the slump of ... Views: 1406
Million dollar dreams are only an illusion without the proper vehicle to attain it. If you’re a serious investor looking for a way to obtain more wealth without the hassle and risk of building your financial empire one house at a time, then apartment building investments are just the thing ... Views: 1468
Lead generation is a foundational activity of your commercial real estate business. Without it, you’ll fail before you even begin. Many people don’t think they have the time or the energy to find deals. I don’t care how busy people tell me they are. My response is always the same – if you ... Views: 1562
Are commercial fixer-uppers worth the time, expense and effort? My answer to that would be that the right fixer-upper with numbers that make sense can be the right strategy to use. In fact, these types of properties can be an easy way to see an instant value increase in the property but like ... Views: 1616
The two major issues that stop investors from pursuing commercial real estate deals are no time and no money. In my experience, I’ve started off with practically none of these resources available to me, but as I broke these barriers my investing career started to flourish and I became a ... Views: 1150
You have one chance to make a first impression and in this business, networking is your key to success. I talk a lot about having teams of professionals who are ready to help you accomplish your goals. I also talk about making sure that your deal pipeline is full. None of this can happen ... Views: 1349
Financing plays a vital role in real estate investing -- and this includes buying foreclosed homes. While it's practically a mantra to "use other people's money," keep in mind different investments will usually require a different strategy. A financing option that worked wonders in one real ... Views: 1192
Most real estate investors are aware of the potential profit from buying government-seized properties -- homes and other types of property the government has acquired from tax cheats, drug dealers and other criminals. Because the government isn't in the business of renting or flipping ... Views: 1385
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include:
·Property ... Views: 1470
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include:
·Property ... Views: 1493
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. Examples of due diligence you’ll want to perform for your pending deals include:
·Property Inspection
·Market Analysis (values, rents, ... Views: 1533
There has been a tremendous amount of recent focus on the housing crunch, and the impact it has had on our economy as a whole. While many indicators point to signs of recovery in our economy, ask someone who has lost a job if they think the stock market is a good indicator of economic health. ... Views: 1503
In some previous articles, I offered to you some general tips and strategies for working with the abundant and often lucrative opportunities that exist with REO properties. In these articles, I discussed at some length the idea of generating cash for your real estate investment business. This ... Views: 1477
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors.
If this scenario rings true for you, then you might consider something a little more basic to help ... Views: 1248
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors.
If this scenario rings true for you, then you might consider something a little more basic to help ... Views: 1510
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors.
If this scenario rings true for you, then you might consider something a little more basic to help ... Views: 1657
In order to be successful in the real estate business, it is vital not only to research, but to learn and to become familiar with the current market trends. Knowing the market cycles, you as a potential buyer, can make a smart investment decision by developing a strong market strategy. This ... Views: 1998
In some areas real estate is in demand, in other areas this is not the case. The key to selling real estate is buying that real estate in a desirable location or one that will become desirable soon. If the location of a property is not desirable, selling it becomes virtually impossible! It is ... Views: 1649
The first key to being successful in the area of marketing is to think positively about your abilities to buy and sell properties, and have confidence that you have the skills necessary to put successful strategies in to place to reach your goals. Remember, if your passionately believe in your ... Views: 1127
Price the property to sell: When looking to sell a home or a property in today’s buyers market, it is important to remember that it doesn’t really matter how much you, or your realtor, think that your property is worth, it only matters how much a buyer is willing to spend when purchasing that ... Views: 1107
In today’s increasingly competitive leasing market, it is becoming progressively more important for building managers and owners to build, and to maintain a positive status quo with their tenants. Hunting for new tenants to fill vacant spaces in your units can be timely, and costly. The time ... Views: 1613
You can use memory points to sell a customer on your multi-family property. Sometimes a little thing will make yours stand out from the rest. It is that small thing—that memory point—that catches in their minds and will not let them forget you.
There are things you can do to increase ... Views: 1148
Every profession has its secrets. It’s an unavoidable part of the way it operates. Real estate investing is no different. Those who are lucky enough to survive in it and acquire experience soon realise that there are indeed so-called secrets that basically govern the formula for successful real ... Views: 1121
When the going gets tough the tough need to get resourceful and this is always the case where real estate investment is concerned. We are now undergoing a correction of the real estate market that is likely to last some time and have widespread ramifications and resourcefulness is one of the ... Views: 1502
For the new real estate investor looking to break into the real estate investor market and make a name for themselves a real estate investment syndicate offers the best way forward, minimising exposure, solving the issue of cash flow and, at the same time, giving the opportunity to those who do ... Views: 1508
Real estate agents are complaining that some homes marketed as short-sale properties are not actually short sales and they affect both the market and buyers’ expectations in them which is helping to create a muddied picture when it comes to real estate investment.
As a real estate investor who ... Views: 1059