Derek Guyer's (landchasers) Blog

If you haven’t heard, the subprime market is a disaster these days. “Latest count of major US mortgage lenders that have croaked since late 2006” has now reached a disastrous number: 50We’re staring some scary circumstances in the face as investors and while I fear some of the consequences with i...

This weeks Tip is simple and easy: Get good “comps”.I’ve been hearing too many stupid stories recently of investors purchasing properties based on the value given by the seller. I have yet to have a seller give me a good, realistic number on the real value of a property and yet investors all over...

Steve, a self-proclaimed “newbie” from DC, was asking yesterday for more information on how I determined the offer price for the property in last week’s Tuesday’s Tip. I thought it would be appropriate to go ahead and discuss how I came to those numbers so that for all of you newbies out there, r...

It’s been a crazy week at Land Chasers with investors in and out of town and therefore my time has been limited to get Tuesdays Tip up. My apologies.I want to focus today’s tip on learning how to talk with realtors or birddogs who are helping you to find cash flow properties. I find a major commu...

I hear a lot of skepticism spreading about the US real estate market. I’ve heard some making comments about how bad of a market the United States has become with inflated values. I’ve also heard others making ignorant comments about how impossible it is to find cash flow properties in our market....

Who can you trust? Who has your best interests at heart? How many times have you asked those questions?I just spoke on the phone with an investor from Phoenix who had really been screwed by a local contractor/property manager on a rehab project for a duplex he had purchased in the area. The more ...

What in the heck is Land Chasers?I know I haven’t taken the time to really explain what we do for you and so I thought it would be a good time for me to do just that, given the amount of feedback and questions we’ve been receiving.I’ll admit that when I first started investing, I was sick of the ...

Looking for property? Cash flow? Rehabs? We seem to have an abundance of incredible investment properties right now and I thought some of our readers might like to see a little bit of the details on the deals we’re finding.Single Family (many of these)-Asking Price: $44,900-Rehab Needed: $9,500-E...

You can learn a lot from failure. In fact, some of my greatest failures have propelled me the furthest. But, success breeds success. If you’re surrounding yourself with “wannabes” and “neverwills”, you’re likely to never make it. You need people around you who are tested and tried, whose work eth...

Those two words seem to sum up the majority of most newbies’ thought processes as they head into the world of investment real estate. It was for me, but thank God I didn’t bust as so many are doing right now. I’m thankful for the mercy shown to me, in spite of my own unrealistic expectations, and...