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Keys to Successful Real Estate Investment
While reading a book, journal or magazine article about real estate investment may instill a sense of motivation for an individual to jump into the market, important research must be done to ensure your venture is worth your while. Buying a home, renovating it to meet aesthetic and safety standards, ...
Rigorous Honesty, Make it a Habit
Several years ago, I was asked by one of my mentors if I was rigorously honest. I thought I was honest and said as much. More recently, I was given a challenge by Michael J. Maher, the author of 7L: The Seven Levels of Communication. It was the same challenge ...
Take Heed, Housing Affordability Issue to Worsen
You might expect the National Association of Home Builders (NAHB) to be happy to hear about inventory shortages since that means there is a need for more new construction. But the NAHB’s chief economist has a warning to accompany the association’s latest report on home prices, mortgage interest rates, and ...
Housing Affordability Impacts Investor Strategy
The Atlanta skyline has a lot of visible cranes right now making it easy to understand that we are in an interesting growth cycle. Everybody is giddy and excited about where the real estate market is headed, and we've had, what I think, is one of the longest run-ups in ...
Real Estate Agent Jailed Over Profitable Short Sale
When an Arizona real estate agent helped his parents purchase a distressed property from a motivated seller in 2012, he probably wasn’t thinking about bank fraud. In all likelihood, his main focus was on getting his parents a good deal on the property, which they bought for $580,000 in a ...
5 Must Avoid Bookkeeping Errors
Real estate investors tend to be extremely independent. That independence is one of the best things about these entrepreneurs, but that “go-it-alone” streak can lead to serious bookkeeping oversights that will create big problems in your real estate business. While most investors acknowledge they have neither the time nor the ...
Markets that Will “Double Up” in 2018
Although home prices have been rising briskly in many markets across the country, the prospects for investors in these markets can be quite different from market to market. This is especially true for investors in rental properties who need a longer-term perspective than those rehabbing and reselling. Jobs are the ...
Predictive Analyst Names Two Picks for HQ2
Last year, New York University (NYU) marketing professor Scott Galloway predicted that Amazon would purchase Whole Foods. In June 2017, the internet behemoth did so. Now, Galloway has another big, Amazon-related prediction: “It all comes down to two locations [for HQ2]: It’s either going to be the metro area of ...
The Stock Market: What You Need to Know
Last week, Wall Street went a little crazy. After more than a year of steady growth, the time was certainly ripe for a correction in the market, and that is what the market gave investors last week. February started off with some turbulence, with the Dow closing on February 2, ...
3 Guidelines for Effective Real Estate Advertising
Before you spend a dime on advertising your real estate business, you must absorb and incorporate one vital, foundational principle: Advertising is an investment, not an expense. If you like, you can add an additional descriptive word, such as “strategic” or “responsible” or “wise” to the description of this principle, ...
13 Steps to Real Estate Investment Success
In real estate, once the market begins to bounce back, investing in real property likewise turns into an all the more engaging thought – either as a profession or an awesome side job. Like any other undertaking, however, there’s a correct way and a wrong approach. Successful real estate investors aren’t made ...
Renovation Rock Stars: Portugal
When Lorraine Beato, an Atlanta, Georgia, realtor specializing in single-family residential homes, investment acquisitions, and upscale renovations, updates a property, she usually does so for one of her investor buyers or a retail client. Also, she usually works in the continental United States! Last summer, however, she found herself in ...
Project Management for Better Productivity
Real estate investors often find themselves overwhelmed, which is one of the main sources of disappointment in this popular industry for new investors. Ask any active investor at a local real estate investors’ association (REIA) meeting what surprised them when they started investing full-time, and most will mention that they ...
3 Kitchen Secrets that Affect Your Bottom Line
Kitchen remodels are among the highest-returning upgrades you can do in a home - if they are handled correctly. Unfortunately, many real estate investors tend to get a bit carried away when they upgrade the kitchen in their investment properties and sometimes make mistakes that cost them serious cash flow ...
Mack Brown To Kick Off Think Realty Conference In Dallas
Mack Brown, former head coach of the Texas Longhorns, will kick off the Think Realty Conference & Expo in Dallas happening February 24th and 25th, at the Westin Galleria Dallas Hotel! Attendees will learn time-saving tips, how to get their real estate businesses started, solidifying and scaling strategy and how ...
Mortgage Lending: Buyers Simply Do Not Understand
While most Americans state they believe owning a home is part of the American Dream, only about eight percent of the population reports having the basic knowledge to figure out if they can afford a home and obtain conventional financing in order to make the purchase. Ally Financial recently surveyed ...
The state of Texas has 10 distinct climatic regions and 11 distinct ecological regions, so it’s hardly surprising that the second-largest state in the union boasts hundreds of distinct housing markets. In fact, it’s far more common to find regional analyses than a statewide real estate analysis of Texas simply ...
4 Fast Sale Staging & Design Decisions
Owning real estate is a great investment, as any agent will tell you. Terms like “appreciating asset” and “equity” can convert almost any potential buyer to a homeowner. However, the excitement of purchasing a new home might feel like a distant memory when it comes time to cash in on ...
Seven years ago, I moved from Eugene, Oregon to Kansas City, Missouri and have seen both sides of investing out-of-state. I’ve seen people in high-priced markets make very solid returns they could never have hoped to find in their home market. And I’ve seen people completely lose their shirt. On ...
Mortgage Industry’s Bad News, Good News for Investors
When LoanLogic’s senior vice president of industry relations and consulting, Les Parker, starts blogging about volatility, it pays off for real estate investors to listen. “This year is shaping up as a year of volatility,” he observed, going on to predict that loan originations would plunge “as interest rates rise ...
A Ponzi Scheme, the SEC and a Real Estate Developer
What housingwire.com calls a “Mini-Madoff,” Robert Shapiro, luxury real estate developer of the WoodBridge Group of Companies, created a $1.2 billion Ponzi scheme, pilfering more than 8,400 investors. A minimum of 2,800 of those investors used their IRAs personal retirement accounts for the investment. Shapiro resigned from his position shortly ...
The Time-Suck to Avoid at All Costs
No, it’s not Facebook. This time-suck is not even that two-hour lunch meeting or the team conferences that seem to invariably run over their designated 30, 60, or 90 minutes. It’s something far more insidious that is eating up your workday and decimating your productivity: the “gotta minute?” meeting. In ...
WSJ Stacks up HQ2 Cities with Some Disappointments
Last month, Amazon released its “short list” of 20 cities still in the running to host the web behemoth’s second headquarters, dubbed HQ2, which many analysts predict will revolutionize the winner’s local economy and turn an already thriving economy into a super-engine for growth. While all of the cities on ...
Las Vegas Lagging Behind in Home Appreciation
When Black Knight, Inc., released its most recent Home Price Index (HPI) Report, analysts immediately noted that 12 of the 40 largest U.S. metros hit new highs in home values by the end of 2017. That list included Boston, Massachusetts; Charlotte, North Carolina, and Dallas, Texas. Notably, it did not ...
Expert Warning: Private Lending Social Media Scam
LinkedIn is arguably the most “professional” of social media platforms and, as a result, many real estate investors doing due diligence look to the website to find out as much as possible about potential private lenders and investment partners before they team up. However, even LinkedIn has its weak points, ...
