Derek Guyer's (landchasers) Blog

Is someone trying to sell you a property right now? How much information do you have on it? Do you feel like you can’t get the facts you’re looking for?I would highly suggest getting the following on any property you’re considering to purchase:4 solid market comparables from the neighborhood from...

Alexis of “foreclosures.com” reports that “foreclosure filings dropped significantly across the country last month. Just under 100,000 pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in April - down 14.3 percent from the almost 115,700 filings in the March.”This...

I just found a great article by CNN Money that further made the point I was making in Tuesday’s Tip #13. Appraisals can be determined for any amount. They can also be determined for a number of very good and bad reasons. It is all very much subjective.So again, be smart and make sure that your pr...

Market comparables are subjective. Don’t believe me? Find a bank owned property in a nearby state and call five different realtors or appraisers in the area to ask them what they think the property is worth. Tell them you’re from out of town and trying to figure out what it would sell for if it w...

The housing market is showing some obvious signs of slowing in recent months across many areas of the country. In fact, “economic growth in first quarter slowed to 1.3%, its weakest pace in four years”, says Jeannine Aversa an AP Economics Writer on Yahoo Finance. According to Jeannine, “The main...

I just watched a very close investor friend get completely screwed by his contractor. The contractor was a very close friend and they had done a lot of deals together over the last several years. While the contractor may not have been purposefully screwing this investor, he was doing a very poor ...

I’ve been looking at quite a bit of property recently and while I’ve gotten pretty good at sorting through most of the garbage before I ever leave the office, I still get stuck checking out houses that are not the “investment properties” their owners so strongly suggest. In the words of the boys ...

Over the last several days, I spent time with a couple of great guys/investors out of California. They were quite the duo and what could have been a very long weekend with tons of work to do, ended up being rather amusing and fun.These gentlemen are in the process of purchasing a large amount of ...

Today’s tip doesn’t have anything to do with how to structure a deal, how to handle a transaction, or even how to talk to your Realtor. It’s all about learning patience.As a real estate investor, you’re in an industry where hurry up and wait is everyday stuff. You’ve got to learn to roll with the...

Land Chasers Fun Fact: About 90 % of our real estate investors are from outside of Indiana-mostly Florida and California.As a result, we hear and talk a lot about other markets with our investors. In those talks, two prevailing thoughts seem to be coming out of every discussion:1. You can’t find ...