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Think Realty Magazine April 2018
+ WHAT'S INSIDE Think Realty | News & Events •Member Benefits: Barnett Renovation Rock Stars | Bread-and-Butter House with a Surprise • Fire Recovery Rehab Cover Feature | Perfecting the Art of Anticipation Housing News Report | Finding the Next Reno •The Distressed Discounts Dozen •How Blockchain Could Transform Property ...
| 39 pages | 5,821 words | .5 hour read | Excerpt Most entrepreneurs I run across are running around blind, one bad week away from disaster. That however, is the exact reason why most businesses & start ups fail so quick after starting. Be Different You have one shot ...
Investing in real estate is one thing. Building wealth by investing in real estate is another. The first scenario is often a short term, one-off plan; the second represents a plan that has been well constructed and committed to paper, which constitutes a goal. Set A Goal for Your Real ...
Blueprint: Achieving Multifamily Design
Everyone approaches a blueprint differently, so it’s no surprise that creating a working blueprint for a multifamily property can be difficult for many investors. After all, even if every unit is the same, everyone working on the unit may see the interior in a slightly different light. “The way we ...
Social Media Tips to Gain and Engage Your Digital Network
One of the biggest compliments I get from racing peers and competitors is on my use of social media to gather large numbers of passionate fans who love our team, Jennifer Jo Cobb Racing (JJCR). Our Facebook and Twitter followings number a combined 150,000 and we are steadily growing on ...
Business Systems: Letting Go Without Losing Control
If you were to step away from your business completely, what would happen? If that question just gave you the chills, then I have a few more for you: Do you feel your business owns you instead of you owning the business? Do you see poor communication between your departments? ...
This article was originally featured in March 2018 Think Realty Magazine and written by Kimberly Dooley, Southeast Regional Manager for Concierge Services at Auction.com and a Licensed Agent with SELLect Realty. Buying property at auction can be exciting and profitable, but it’s important to understand how the process works. Whether you ...
Tearing Down Walls And Opening Up Value
This article was originally published in the April 2018 Think Realty Magazine. 2018 is likely to continue to be a sellers’ market according to recent reports from Trulia. The company released the results of a recent survey of more than 2,000 homeowners indicating that only about three in every 50 ...
Travel Hacks from the Racetrack
The expense, logistics, and pain of packing are usually what turn people off of travel. Here are some of the travel hacks I have learned over 15 years of logging frequent flyer miles. Packing Roll your clothes: Flight attendant after flight attendant swears by this tried-and-true technique. It is amazing ...
2 Questions to Optimize Lead Generation
Dallas, Texas – One of the best ways to generate solid lead generation for your real estate investing business is to get out “in the field” and talk to sellers directly. Especially in highly competitive real estate markets like Dallas-Fort Worth (DFW), which recently hosted the Think Realty National Conference ...
Investment Cycle of Rental Homes
As almost everything in existence, the single-most important factor for success in real estate investing is to realize that every investment is essentially part of a greater cycle. And that the handling of this cycle will undoubtedly orchestrate its performance and results. Maximizing the performance of your investment is paramount ...
Should I Wholesale or Fix & Flip?
So, you’ve found a great real estate deal and a motivated seller ready to hand you the keys at closing. At this point, you may debate whether to wholesale the deal to another investor buyer for quick cash or to rehab the property yourself, which will obviously take longer but ...
Section 8 Pros and Cons Broken Down
If you are a landlord with a few properties or even a massive portfolio to rent out, chances are you've wondered to yourself at one time or another whether or not you should start accepting Section 8 housing subsidies for low-income tenants. This can be a difficult choice to make, ...
Anyone who’s been in real estate long has heard of the various percent rules floating about; the 70 percent rule, the 50 percent rule and the dreaded 2 percent rule. These rules are, of course, just rules of thumb to be helpful guides when evaluating properties. But while I believe ...
ATTOM Data Solutions Acquires Onboard Informatics
ATTOM Data Solutions, announced it has acquired Onboard Informatics, the leading provider of neighborhood data and data-enabled turnkey products to the real estate industry. “Onboard has a long and accomplished track record as an innovator in enhancing and democratizing neighborhood data assets, paralleling our own mission of powering real estate ...
Nashville Housing Market offers Room to Grow
Nashville, Tennessee, is, quite simply, sitting in the catbird seat when it comes to real estate. The “Music City,” so named in 1950 by radio broadcaster David Cobb thanks to its longstanding position as the home of country music, is hitting all the right notes these days. Positioned in the ...
Think Realty Magazine March 2018
+ WHAT'S INSIDE Think Realty | News & Events •Member Benefits Coaches Corner | Panel in Print • Letting Go Without Losing Control Design Point | Renovation Rock Star: Multifamily Edition • 3 Listing & Renovation Mistakes Costing You Money and Time on the Market Cover Feature | Building Big ...
Foreclosure Rates Lower in Highest-Risk ZIP Codes
ATTOM Data Solutions, released its 2017 Environmental Hazards Housing Risk Index, which shows median home prices in U.S. ZIP codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year, past five years and past 10 ...
Credit, Using it Creatively & Responsibly
I once used a promotional “zero-percent-interest-and-zero-points" cash advance feature on my $25,000-limit credit card to buy a $25,000 property. Then, I refinanced it with a local community bank at 100 percent loan-to-cost (75 percent loan-to-appraised- value) within six months, right before the initial interest free period expired. That credit card ...
Redefining Legacy: It’s Not Just Financial Wealth
Many years ago, I was asked to give a speech in Charleston, South Carolina, to an audience of extremely wealthy men who were nearing early retirement. At that point in my life, I had already spoken on behalf of dozens of great corporations, albeit mostly about setting and achieving big ...
Dallas, Texas – “We are all in different phases of stuck, and we need a bridge to productivity.” Robert Nickell, founder of REIVA, summed up his personal experience in real estate with these words. Nickell’s company offers the services of trained, dedicated virtual assistants (VAs) to real estate investors to ...
5 Economic Indicators Every Real Estate Investor Must Know
Dallas, Texas – When Carrie Cook, president of Ignite Funding, thinks about the roughly $460 million her real estate investment company is managing right before she goes to sleep at night, she sleeps just fine. While some investors might find numbers like that to be a bit intimidating even when ...
Why a Studio Apartment Could be Better than a McMansion for Your Real Estate Business
Dallas, Texas – “If you have a big, beautiful ‘McMansion’ that you’re trying to rent out right now, I’m betting you’re finding that market isn’t too hot. In fact, I’m betting a one-bedroom apartment or a studio might be much hotter, and I’ll tell you why.” That’s how Gene Guarino, ...
Roth IRAs: The Best Legacy-Building Tool
If you leave nothing else for your loved ones, be sure that they inherit a Roth IRA from you. Even if the account has a tiny balance, leaving behind a Roth IRA provides a legacy benefit of overwhelming value: a lifetime of tax-free investment profits. In short, an inherited IRA ...
3 Things Not to do at a Real Estate Conference
We’ve talked to countless meeting hosts, presenters, and power-networkers to come up with a list of the three worst things you can do at a real estate conference. Take a hard look at this list and then, yourself. If you’ve made these mistakes in the past, be sure to avoid ...
