Posted on 29 March 2008. Tags: Real Estate Investing, Real Estate Investing Strategy, Vacation Rental, VRBO
I know that rule #1 in real estate is not to get attached to a piece of property! However, when it’s your own home, the rules change! And that’s what happened to me.
I bought my home in Coral Gables back in 2003 and absolutely fell in love with it. It was an old spanish home with unique architectural elements and it was absolutely perfect for me. In fact, it even had a converted carport that I used for my office so that my work didn’t creep into my entire living space (as it has in my new home!)
In 2005, I bought another house… This time, in West Palm Beach a block from the water. The house itself was not my dream house, but I loved the location. I could even put my own sailboat in the water at the end of the street (which I never got around to). I decided to move to West Palm Beach because I was doing more real estate in the area and didn’t want to keep both houses as active residences. I did go back and forth for the first 18 months and just didn’t want to do it anymore. So, I rented it for just about a year and a half. Read the full story
Posted in Success
Posted on 10 July 2007. Tags: Real Estate Investing, Real Estate Investing Strategy, Real Estate Success
by Mark Klee & Caryn McKinney
Answer #1: Niche Marketing = Less Competition and Greater Profits. As a real estate investor, perhaps you’ve figured out how easy it is to be unfocused in the real estate investment business. That being the case, my partner, Mark Klee, and I want to help you understand the incredible profits available to you by doing business in a NICHE market – particularly one that MOST investors are afraid to go after – bankruptcies. It’s not brain surgery to realize that any market with less competition will also offer you greater opportunities for amazing profits!
You should also realize that if you’re NOT in a niche market, you’re fighting all the other investors for the same FSBOs, MLS listings, and wholesale deals from whatever resources you have. So why not at least check out this bankruptcy niche that most investors are, indeed, afraid to tackle?
Answer #2: Market conditions are ideal Check out the following basic facts on our current market conditions and you’ll start to see how ideally the stage is set to work with quality bankruptcy leads.
- In many areas of the country, investors are finding greater competition for fewer deals.
Read the full story
Posted in Success, Wholesaling
Posted on 03 May 2007. Tags: getting focused, Getting Started In Real Estate, Real Estate Investing, Real Estate Investing Strategy
Before we get into the nuts and bolts of your real estate investing business, it’s important to start with some basic goal setting! Yes, I know that it’s no fun but it will help with your mindset and will get you focused on the right track.
Let me guess, you’ve read a book, bought a home study course (or 2, or 3 or even more!), or just got back from a 3 day “bootcamp”. Your mind is spinning with ideas and you want to do everything and you want to do it right away. I can relate. I left my first training years ago and wanted to:
I got home and tried to do all of these things all at once. I sent letters to people in foreclosure. I bought a subscription to a data service to market to private mortgage holders. I drove through neighborhoods looking for abandoned homes. I worked morning, noon and night and ran from house to house chasing anything and everything. I desperately wanted this to work and I desperately needed a real estate deal ASAP! Read the full story
Posted in Getting Started, Success
Posted on 02 May 2007. Tags: Flipping Houses, Flipping Real Estate, Getting Started In Real Estate, make money in real estate, Real Estate Investing Strategy
Real Estate Investing is simple, but not necessarily easy!
This past weekend, I attended one of the biggest Internet Marketing seminars in the world. I could go on and on and on with ideas that I had that apply to real estate… like how to use video on your real estate sites, processes that can streamline the lead generation, and on and on and on… (I’ll be sharing some of these new ideas with you over the next few weeks)
But, I want to share with you a conversation that I had with a friend, mentor and a brilliant marketer who happened to be teaching how to use audio and video on your websites… I told him that I recommended his program to several people because he makes it SO easy… Then, he said something interesting to me that made me think.
He said, “Heather… it really is simple. You see, people can complicate anything! It’s like telling someone how to drive a car. It’s not complicated at all. Just open the door. Sit down. Turn the car on and put it into drive. But, people always make things harder than they need to be… They start asking thinks like ‘which door should I open – the left or the right?’ or ‘Do I unlock it with a key or click the button’ and on and on we go. Twenty minutes later, we’ve still not even been able to get into the car.
I liked that analogy because it applies to real estate. There are really 5 things you need to know – or steps – when it comes to real estate.
Here are the 5 Real Estate Investing Tips you need to know! Read the full story
Posted in Getting Started, Success, Wholesaling