RECENT BLOG POSTS
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How many properties would be too many properties for you? That depends on who you are, what you know, the resources you have, and the people on your team.After a great conversation with one of our newest investors last week, I realized how much more important it was to help protect my investors f...
06/19/2007
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One of my favorite bloggers out there, Seth Godin, put up a great post yesterday, entitled “That Moment”. To quote, him: “When you are sitting right on the edge of something daring and scary and creative and powerful and perhaps wonderful… and you blink and take a step back. That’s the moment. ...
06/12/2007
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Forgive me for a second while I rant and rave. I’m sick of it.Why can’t you get good communication from people anymore? No calls. No emails. Nothing.When they finally do respond, there is rarely an apology that’s worth hearing. They’re full of excuses that have no weight because it’s too late. Wh...
06/06/2007
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Found on the NAHB website.As someone who likes to run numbers and find deals, I’m always interested to see what kinds of numbers work in other areas of the country. The diagram above shows the tax rates per $1,000 of value in the US from 2005. The more I looked, the more I found it interesting to...
06/05/2007
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Learning to find great investment properties takes a lot of hard work. There is no magic formula. There is no Deal Analysis Bible. It requires numerous skills and lots of time to develop.So, what does this mean for you? How do you pick out those hidden diamonds in the rough?To get started, I woul...
05/29/2007
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It’s amazing to me to see how shocked people are about the major housing slump much of our country is experiencing right now. Martin Crutsinger, an AP Economics Writer, says “Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the la...
05/24/2007
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I saw a very creative way to finance a cash flow property today. The strange thing is that the one who came up with the idea in the deal was the seller. The property was in pretty good condition, but several things came back on the inspection needing to be fixed up. The buyer wasn’t in a position...
05/22/2007
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Which are you? Neither, I hope.How many times have you found yourself getting caught up in the emotions of negotiations or wanting to help a buyer or a seller when the numbers just didn’t make sense?I had a seller come to me last spring about a four unit he was selling for $70,000 with 50% occupa...
05/17/2007
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“Real estate, by far, is the most screwed up industry in America”, says Glenn Kelman of Redfin.com. I agree.There’s a lot of much needed change happening within the entire real estate industry these days, and it appears the stirring of the pot is obviously hacking some off. I’m not one who believ...
05/16/2007
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“According to a Yahoo Real Estate survey conducted by Harris Interactive, one in five homeowners are concerned about the possibility of foreclosure.”I’m not surprised.“The survey also found that 37% of all U.S. adults would be at least somewhat interested in buying a house in foreclosure.””Again,...
05/14/2007