Is it just time to talk?
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Sometimes we forget what our business really is. Whats the purchase price, how much for repairs, whats the after repair value dominate our thinking. We've been to the classes, had a "guru" teach us and read all of the books.
The one thing we tend to forget is that most people have not. I work in the banking world and I can't tell you how many times I talk to bankers who don't know what a short sale is. These are finance majors with 150k+ jobs that we take for granted know our world.
Most of my local... continue reading >>
What to consider when short selling a new home
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Instead of asking what you think the bank will let the house go for I would ask myself two questions.
1) How low do I want to start? Depending on your local market some banks will take 40-50 cents of the BPO. With a new house why not treat it the same as the old house. They are dealing with hundreds of thousands of foreclosures and may not differentiate between new and old. If you start low you can always come back up but you cannot offer high and then negotiate down.
2.) At what price do you... continue reading >>
Favorite quotes...Just for fun
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I thought just for fun I'd like to hear some of the overused advice you use or hear. Personally I use them all the time but I'd like to hear some of the ones you have or hear. Here's a couple of mine:1. "At this point your just putting lipstick on a pig"
2. "You should get some sun, its free"
3. "You can't build a reputation on what you are going to do"
4. "Its time for you to sh*t or get off the pot"
5. "Pearls to swine, pearls to swine"
6. "You can't steal second... continue reading >>
Rehab tips for newbies....Please add your own
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I think one of the biggest questions to ask yourself when assessing the potential of a rehab property (fix and flip, not long term holding) is HOW to rehab the property. This step is often assumed by the newbies that they will be able to pick out the best colors, appropriate appliances, and best landscaping.
These are some of the most important details. Experienced rehabbers know what works and doesn't from experience or taking my advice and learning from someone with experience. If you don't have experience or knowledge, I always find it better to share some of the... continue reading >>
Honey or Vinegar?
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Why is it that some people are so upset all the time?
Recently I was writing to some members on REI and I accidentally put the wrong name at the greeting to one. This was not a Steve for Jim type thing it was Chachandra for Matt type thing (I changed the names but it was this different). I was looking to offer to put his investor deals on our website for free to help with his marketing and introducing myself (networking) and my website. Pretty much what REI is designed to do.
10 minutes later I get this nasty... continue reading >>
The must have definitive list of websites for real estate
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Take my advice you want thisHey there everybody. I just wanted to pass on a link that I recently ran across. Its not for sale and I have no financial interest in whether or not you download it. I am posting this for the simple reason to help you. I have been all over the web and Google trying to find websites. Using tons of forums and contacts for help. I just found this list and it's going to save me so much time.
I hope you take my advice and take a look. It came... continue reading >>
Do you need tech advice or work done for pennies but are a novice like me?
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Elance.comI live by this site for technical help and outsourcing. Currently I am paying $ 1 an hour for data entry. I had my site custom built for $ 1,400 including all custom automation, admin site, and database. I was quoted $ 15-20,000 for the work from local guys. One of the local guys was an SEO company owner that was thinking of becoming a partner and he said it could not be done for less than that and he was paying for it.
Just to let you see the work, check out www.FloridaPropertyClub.com I am plugging... continue reading >>
I need buyers for builder buyouts in Florida
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Here's what I'm looking for.....
Starting and owning a website for distressed residential properties only 4 months ago has brought me many more opportunities than I ever could imagine. I have contacts all over the country now that would take the average business person an entire lifetime. The reason I am writing about this is I have come across some real "movers and shakers". Not the guy doing ten loans a month or 15 listings a month, which both are great and I'm very grateful to meet. I'm talking about the guy in CA with 5 $45M packages of builder... continue reading >>
2 Website features I would live without
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Web site features that you must includeI thought that I'd share some of our successes so others can have some clue of what has worked for us. I'm going to give some very important web site features you need to have built in before starting and campaigning. You only get one shot typically for some one to click through. Better impress and capture them or start a trash can fire and throw your wallet in (its much faster and less frustrating).
Google Analytics
This feature is free and immensely useful. Its useful for several obvious reasons.... continue reading >>
Ever buy a Million dollar house with no steady income and $500 in the bank? I have
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Well, I have to be honest here.....I was just reading an article on Ryan Dehler's blog (if you haven't read his profile, make sure you go to see it here http://www.realestateinvestor.com/Ryandehler/ ) about how he got started and I have to admit that it made me want to write my story. Currently I own a website ( www.FloridaPropertyClub.com ) and I've been in the mortgage industry for 6 years. We've worked every kind of mortgage and hard money deal possible but that's for another VERY long blog.
The Prologue.....starts like many great stories where I was in college, UCF,... continue reading >>