As a real estate investor, closing deals is not enough to be successful. Sure, bringing in revenue is the lifeline of your business, but that alone does not guarantee you will have a profitable business. If you neglect your books or fail to file documents properly, it will eventually eat away at your profits and […]
With the New Year off and running, many investors have made a point to improve their business. While most are looking to make sweeping changes, there are smaller alterations that warrant consideration. That said; the little things can make a big difference in the efficiency of your business. If you view your business as a […]
Like most aspects of the real estate investing world, one question may be met with several answers. On one side, there is a large segment of investors who wouldn’t even consider purchasing a condominium. Accordingly, there is also a contingent that believes there is real money to be made with the purchase of a condo. […]
When one thinks about being a landlord, the most common thought is dealing with tenants and maintaining the property. While this is certainly a huge part of being a successful landlord, there is another side of the business. You need to be as in tune with your finances and record keeping as you are with […]
As lucrative and enjoyable as the real estate investing business can be, the reality is that it is not very easy. Sure, almost anyone can be an investor, but it is difficult to master if you aren’t willing to put the time and work in. Instead of being flooded with deals as they are getting […]
It is only human nature to want to cast as big a net as possible for your business. You often hear that business is a numbers game: the more people you reach out to, the more likely you will find someone that wants to work with you. While this is certainly true, it also takes […]
Mortgage notes have been getting heavily promoted in the wake of the foreclosure crisis. While very few paid attention to them when the real estate market was healthy, the note industry has now exploded onto the scene. In fact, mortgage note investing can be highly profitable. However, it is complex. The idea being pitched to […]
It is around the holidays that many people will start to begin preparing for the upcoming year. Often times, this means assessing last year’s performance while establishing goals for the upcoming year. Having goals and constantly reverting back to them can be the best thing you can do for your business. While this is an […]
If you don’t have a plan when you enter the business, there is a chance that you will find yourself being pulled in several directions. You will find that, through a distinct lack of experience, you will gravitate towards those you are working closest with. This means everyone from your realtor to your attorney can […]
Even though there has been a reduction in the amount of short sale deals, there are still plenty of opportunities available. Anyone that has ever worked on closing a short sale knows that it takes due diligence and persistence to get your deal approved. The key is working with the seller’s lender to keep the […]