We live in a society, and as a member of that society, it is likely that every change in your life is strongly influenced by other people in some way. The courses you take in school that shape your career are often at the instigation of a friend or counselor. The books you read, the [...]
Monthly Archives: February 2010
Action vs. Self-Delusion
February 1, 2010 – 4:02 pm
Knowledge fueled by emotion equals action. Action is the ingredient that ensures results. Only action can cause reaction. Further, only positive action can cause positive reaction.
Action. The whole world loves to watch those who make things happen, and it rewards them for causing waves of productive enterprise.
I stress this because today I see many people [...]
Nine Hundred Dollar Lease Mistake
February 1, 2010 – 4:01 pm
A landlord recently shared a story about a court case for unpaid rent and damages against his tenant who ran out early. Among other things, this tenant chiseled his initials into the stone fireplace.
The landlord owned only the one property and he cared for it with great pride. So, he felt motivated to pursue this [...]
Discover the TOP 3 Deadly Mistakes Investors Make in Down Markets
February 1, 2010 – 4:00 pm
Down markets are without question one of the best times for real estate investors. Down markets contain the best opportunities and the greatest ability to make money. Any truly successful real estate investor will tell you that they do more deals and make more money in down markets than they do in up markets.
Here is [...]
Are You Ready For More Taxes?
February 1, 2010 – 3:59 pm
No matter where you live in the United States, the answer is very likely to be no, but it’s going to happen anyway. The biggest tax surprise isn’t coming from the Federal Government. The next round of tax hikes is more likely to hit closer to home.
State governments are reeling as they lose tax revenue [...]
Should You Disclose on Short Sale Flips?
February 1, 2010 – 3:58 pm
Short sale flips – the process of shorting a property then reselling it for a cash profit in a simultaneous closing has been taking heat lately from title companies and real estate brokers. Realtor blogs are filled with drivel about how these transactions are illegal or unethical. What’s the real truth?
The Basic Process
The process of [...]
Now The Real Work Starts Part II
February 1, 2010 – 3:50 pm
In my Part I of this column “Now the Real Work Starts” I introduced the idea that while it is commendable that you were able to find a house at a great discount that you can make money on, it is by no means a guarantee that you are going to be cashing large [...]
New REO Deal Strategies for 2010
February 1, 2010 – 3:49 pm
New Enhanced 3-Day Lab for 2010 Program Details.
There have been a lot of changes lately that are significant and deserve 100% of your attention. In a nutshell – in the foreclosure markets have changed — my personal REO buying systems and strategies have changed — how I teach in my 3-day hands-on foreclosures training labs [...]
Tips for Homeowners: How to Budget for Home Maintenance
February 1, 2010 – 11:47 am
It’s important to remind buyers that all homes—old or new—need ongoing maintenance.
First, buyers should understand the 1% rule. This rule postulates that normal maintenance on a home is about 1% of the value of the home per year. For example, a $250,000 home would require $2,500 per year to maintain. This would be enough to [...]
