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October Foreclosure Activity Up 27 Percent
The number of nationwide foreclosure filings — default notices, scheduled auctions or bank repossessions —in October was up 27 percent from a 129-month low in September but still down 8 percent from a year ago, according to ATTOM Data Solutions’ just-released October 2016 U.S. Foreclosure Market Report. A total of ...
5 Options for Evaluating a Flip
In this latest installment in our multi-part “Getting Started” mini-series I’m going to give you 5 options for evaluating a flip. This episode is all about how we evaluate flips when we're doing deals in Atlanta and Charlotte. I’m talking about flips only. I’m planning an upcoming segment or two ...
Move Over Ethel: Real Estate Investing is Now a Team Effort
Over the past few decades, real estate — like pretty much every industry on the planet — has undergone a huge transformation, thanks to technology. Let’s flash back to 1972 for a moment. Things were simple back then: A gallon of gas cost 55 cents, brand-new homes were selling for ...
5 Things Investors Often Overlook
I think as the part-time real estate investor starts to wind down 2016, it’s human nature to look back with excitement and recognize some great accomplishments you had as an individual investor and a business owner. But will those catapult you into 2017? The obvious things to asses are how ...
Distressed home sales at nine-year low
ATTOM Data Solutions’ recently released Q3 2016 U.S. Home Sales Report shows distressed home sales at a nine-year low. Cash share sales also are at a nine-year low, while the average home price gain realized by sellers is at a nine-year high. ATTOM Data Solutions is the nation’s leading source ...
Plywood Out; Clear Boarding In
Effective this week, Fannie Mae is requiring “clear boarding” of its vacant properties in all states. The expanded requirement—outlawing the practice of boarding up pre- and post-foreclosure or REO properties with plywood—takes effect Nov. 9, 2016, with a 90-day adoption period for those servicing Fannie Mae properties to come into ...
Florida Supreme Court Gives Banks a “Do-Over” on Dismissed Foreclosures
Last week, the Florida Supreme Court decided to unleash a potential tidal wave of “new” foreclosures in the state, but the foreclosures in question are not really all that new. Instead, they’re mortgage foreclosure actions that were dismissed fewer than five years ago where the homeowners in question have once ...
Does a Real Estate Investor Need a License to Succeed?
I imagine many real estate investors who are new, part-time or just thinking about investing ask this question after doing their due diligence: Do I need a license to buy real estate? This is a great question, regardless of the scale of investing you plan to do. I know it ...
Think Realty Magazine November/December 2016
+ WHAT'S INSIDE The Big Picture | Forward Thinking • Get Into the Flow • Leading Question • Cautionary Tale Cover Feature | Sharing the Wealth Up Close & Personal | Demystifying Credit Scoring • With a Little Help • Motivation...or Excuse? • Street Smart Panel • Mastering the DFW ...
Ten-X Industrial Outlook Lists Top ‘Buy’ and ‘Sell’ Markets
Ten-X’s just-released report, “U.S. Industrial Market Outlook,” forecasts healthy expansion in the long term for industrial real estate assets, thanks to the continued rise of distribution centers tied to the growth of e-commerce and the increasing use of warehouses as cloud computing facilities. Ten-X is the nation’s leading online real ...
Three Sources of Amazing Deals
In this second of our multi-part “Getting Started” mini-series, we are talking about how to find deals. In a highly competitive market like Atlanta, how are we finding the best deals? It just seems like this space is crowded. I could just cry about not finding the right deals but ...
Data Integration is an Investor’s Differentiator
Have you or your organization embraced data integration as a mainstay of your real estate investing operations? If not, then you are at a definite disadvantage in today’s competitive marketplace. Data is an invaluable resource in real estate and can be your business’ differentiator, but only if used correctly. If ...
Stay Out of Desperation Mode to be a Successful Investor
Among the many things I’ve learned in my 10-plus years as a real estate investor in Dallas is that desperation creates regrets, and motivation creates results. That is at the root of the concept of acting like a buyer versus thinking like a professional buyer—or looking to buy versus recognizing ...
The constant flurry of news about the housing market has been consistently upbeat the past few years, as home prices increased, wages took a historic jump in 2015 and the market worked through the foreclosures left over from the Great Recession. “A lot of the data looks very healthy, and ...
Get Into the Flow: Find the Deals
I hear it every day from clients and partners, and at conferences: “My real estate business would be growing faster if I could just find the deals!” Our companies work for people just like you. Our clients include thousands of real estate investors and agents in markets all over the world ...
Before we can assess the question, “Why isn’t my real estate investor website generating leads?” we have to determine a few things about your website. One of the most important things for any real estate investor to have is a website that covers all of your information—location, contact information, other ...
Have you ever gotten your retirement account statement, thrown it on your desk and never opened it? That was our dilemma month after month. Finally, we were so frustrated by the ups and mostly downs of the “Wall Street Casino” that we started doing our own research and came across ...
Recently, I attended a real estate conference where I was able to chat with other real estate investors. We introduced ourselves and what we specialized in. I told them that I invest in mobile homes. Many of them said, “Oh really, I did that once. I won’t do that again!” ...
What’s the secret to succeeding with turnkey investment properties? We asked Sean Tarpenning, owner of US Real Estate Equity Builder (USREEB). His company has been sourcing and managing turnkey properties in Kansas City’s urban core and suburbs since late 2014, and it’s expanding to two other metros. In a typical ...
As the U.S. real estate market continues to recover from the financial crisis of the mid-2000s, there has been a noticeable flow of capital moving back into residential investment opportunities. From the fix-and-flip model to the long-term rental/hold strategy, we’ve seen a steady return to real estate as a more ...
Scott Carson, founder of We Close Notes, never intended to invest in nonperforming notes despite previously working as a mortgage broker and a financial adviser. Like so many others investing in real estate, he started purchasing properties and transitioned into short sales. But a phone call to a bank to ...
For the longest time, I thought financial freedom was only for the wealthy. But everything changed for me after I read this sentence: Financial freedom happens when your wants and needs are exceeded by your passive income. The minute I read that statement, it spoke to me. It said there ...
Flipping real estate requires access to capital. Most investors fall into one of two categories: investor/deal sponsor or lender/gap funder. Regardless of which side of the coin you are on, it is important to understand the various options available when using financing. The last thing you want to adopt is ...
I have a cornucopia of memories of holiday family gatherings. Many begin with me standing on the thawed porch near twilight at my aunt’s and uncle’s house. Their gift for hospitality extends to details that often go unnoticed: the walks are always cleared, driveways empty so we have places to ...
Debt Financing and 1031 Exchanges
The fundamental rule of all 1031 exchanges is: In order to defer all income tax liability, you must trade: 1. equal or up in value (minus direct selling costs) and 2. equal or up in equity. The IRS reasoning behind this rule is that you, as seller, usually receive two benefits ...
