There are times in the real estate industry where you are in a position of strength and others when you are forced to take what the market gives you. If you know who has the upper hand and how to deal with it, you can make the best of any situation. Over the past five […]
One of the things you will realize, the longer you are in the business, is that deals do not just fall into your lap. There is often a process in obtaining leads and closing deals that can take several several months. Many sellers are not ready to sign a contract after sitting with you for […]
Over the past few years, we have seen the impact of short sales, foreclosures, loan modifications and interest rate changes on the real estate market. These have certainly impacted the market, but nothing has influenced deals over the past year more than property appraisals. Eighty to ninety percent of all real estate agents acknowledged that […]
It has been said that the people you surround yourself with will go a long way in determining your success as an investor. Developing and maintaining your network should be something you work on every day. The minute you take a business associate for granted, you will slowly start to lose them. Getting people to […]
With Thanksgiving officially behind us, we are now full steam ahead towards Christmas and the New Year. With this comes excessive decorations, candles, fires and of course Christmas trees. You may be hesitant to say something to your tenants about safety and adhering to the lease, but more mishaps occur around Christmas than any other […]
There is a lot that goes into rehabbing a property. From an outsiders perspective, it would appear that you can buy any property at a discount, do some basic improvements and sell for a 20% profit. However, if it was that easy, everyone would be doing it. The process of rehabbing involves painstakingly examining every […]
It is important to preform your own due diligence on every property and come up with your own numbers. When doing this, you may come across a property that you think is a steal. Pretend for an instant that your numbers have you making an offer for $100,000 and the seller is willing to take […]
More often than not, spotting a deal is as equally important as knowing when a deal will not come through. If you are not careful, you can waste many weeks working with buyers or sellers that never truly had any intention of moving forward. Fortunately, there are some warning signs that you can decipher from […]
According to an old adage, “what goes around comes around.” While cliche, this is particularly true in the real estate industry. When you are working with sellers, especially in a distressed situation, it is important to always keep this in mind. The reality is that most homeowners really don’t know what is going on with […]
Those familiar with the real estate industry realize that sometimes closing a deal requires a clear, concise and quick pitch. What you say and how you say it, in that short time frame, is all the listener has to go on. More often than not, that brief time will tell them if they want to […]