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Should I Invest In Real Estate Today?

Lately, I’m finding that lots of my successful – non-real estate investor – friends are wanting to get their foots in the door with real estate investing. This is a sign that the tides are turning because “real” investors are wanting to get in on the deals!

The 5 most common questions that come up include:

  1. Is this a good time to invest in real estate?
  2. What if the market continues to go down?
  3. Is this a good deal – or type of deal – for me to get involved with?
  4. What’s the best strategy for this market?
  5. How can I protect myself in the current economy?

Let’s take a quick look at each of these questions: Continue reading

Probate Investing Lunch & Learn

Here’s some of what we covered in this 60-minute webinar:

  • How you can not only buy a property that’s in probate, but also WHY people NEED INVESTORS in many cases to close out the estate…
  • 3 important pieces of information you need to get when you talk to the seller…
  • How to pay less for deals than other investors by knowing this critical process…
  • The marketing timeline for probate – and who you need to be talking to in your marketing…
  • And much, much more…

Realtor Screening

We have helped dozens of people all over the country save money and find solid deals through Realtors. We’ll personally screen each agent and speak with him/her on your behalf and help follow any deal through to closing.

Here’s What You Need to Do:

  1. Download this form (Right click, Save as)
  2. Fill out the form completely. (If there is any additional information that can help us, please provide that on a separate sheet of paper. The more specific and detailed you are, the better we will be able to match you to the right agents).
  3. Fax it to (305) 675-4664. No fax cover is necessary. Please provide your name on each sheet that you are faxing in, however.

Once we’ve received the form, you’ll receive a follow up phone call to go over any details we may need and begin contacting agents on your behalf.

Important Documents

Here, you’ll find Important Documents that you’ll find helpful in your investing business.

To download the forms, you’ll need to mouse over the link and “right-click” and “save as”

pdf Iron Clad Addendum (Right Click & Save As)
pdf Assignment of Contract Addendum (Right Click & Save As)
pdf Addendum for “Subject To” Pre-Foreclosure Deal (Right Click & Save As)
pdf Addendum for Wrap-Around Mortgage (Right Click & Save As)
pdf Addendum for Seller Finance (Right Click & Save As)
pdf Addendum for Lease Option (As Buyer) (Right Click & Save As)
pdf Addendum for Lease Option (As Seller) (Right Click & Save As)
pdf Comparison of Purchase Option Techniques (Right Click & Save As)
pdf Letter of Intent (Right Click & Save As)
pdf Standard Contract for Purchase & Sale (Right Click & Save As)

Must-Have Forms

Here, you’ll find must-have forms that you can use when you’re speaking to sellers, evaluating deals, and working with other people in the business.

To download the forms, you’ll need to mouse over the link and “right-click” and “save as”

pdf Seller Call In Worksheet (Right Click & Save As)
pdf Property Selection Grid (Right Click & Save As)
pdf Marketing Tracking Sheet (Right Click & Save As)
pdf Evaluating Creative Financing (Right Click & Save As)
pdf Target Market Worksheet (Right Click & Save As)
pdf Standard Contract for Purchase & Sale (Right Click & Save As)
pdf Joint Venture Agreement (Right Click & Save As)
pdf Acquisition Spreadsheet (Right Click & Save As)
pdf Closing Process/Critical Dates (Right Click & Save As)
pdf Customary Closing Costs (Conventional) (Right Click & Save As)

New Years Planning

Last week, a friend of mine posed the question inside my mastermind group:

“What is the one thing you’ll do differently in next year in your business?”

And the answers have been great! People have been reflecting on what’s been working well in their businesses and people have been looking at what they want to change.

The common thread that I saw go through all of the replies back was: systematize and organize. People want to reclaim their time. Sure, the money is obvious… We all want to continue to grow our companies and the bottom line. But that’s not what people are focusing on.

For me in my business, it’s simple. It comes down to three things: Continue reading

The Amazing Race: Real Estate Edition!

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. Continue reading

Integrated Streams of Income?

Listen to Lou Castillo’s “Online RE Empire HERE (In this 90 minute interview, Lou reveals how YOU CAN have multiple streams of income with real estate as the foundation)

I remember back about 5 years ago when the whole “Multiple Streams of Income” was all the rage. But, even then… I thought, “Hmmm. How in the heck is anyone supposed to learn 4 VERY DIFFERENT businesses at the same time?”

I consider myself pretty good at multi-tasking and taking on multiple projects at the same time, but when you’re trying to…

 

… Learn the RE business;
… Figure out how to write ebooks and put them online;
… Speak publicly;
… Understand the stock market; and

… Choose a network marketing company

all at once, it’s no doubt that you wind up running in circles, never really getting ANYTHING accomplished. I know from first hand experience. I would go to a seminar or an event and I would want to come home and do EVERYTHING! I remember starting Continue reading

Capturing Your Web Visitors

By now you know that you need a website, blog or some sort of web presence, I hope!

But, it’s simply not enough to have a website if you’re not getting visitors and/or not getting visitors to leave their information so that you can follow up with them. So… how do you capture their info?

Nowadays, it’s easier said than done. You see, several years ago, you could pop a page on the web, tell someone they couldn’t go anywhere until they gave you their information and that was it. But now, people are tired of spam and junk mail and don’t want to give out their email address if they don’t “know” what’s on the other side. Not to mention, just about everybody I know has an entirely separate email account for forced opt ins

So… how do you get your visitor to give you their PRIMARY name and email?
You’ve got to give them something SO irresistible or so unique, that they’d be stupid to say no to your offer.

Here are a couple of unique ideas for things you can offer to your niche market: Continue reading

Landlording: What Would You Do?

For more tips and tricks like those mentioned on this blog, register for your trial subscription of the Real Estate Rant: http://www.RealEstateRant.net. Each month, you’ll receive tips, tricks, tactics and real world challenges (and how to overcome them) that investors face each and every day!

The following article comes from a situation that recently occurred with one of our own tenants. How would you have handled it? And really think about it as if you were in our shoes because it’s easy to say “Evict ’em” when you’re on the outside looking in, but put yourself in our shoes and think about how you’d handle it and how you could prevent the situation from recurring in the future!

Here’s the Scenario:

08/01/2007 – Rent is due

08/06/2007 – Rent is officially late. When you finally reach the tenant, you get the sob story: “I had surgery. My mom went to the hospital. My dad panicked. My son’s trying to get me the money and I’m out of work. I promise to have the rent to you by Wednesday… Thursday at the latest”

08/09/2007 –

Guess what? No rent check. The tenant’s willing to drive it up, but the funds aren’t in the bank anyways! Tenant promises AGAIN to call you right after ‘therapy’ tomorrow morning and get it straightened out. VERY, VERY SORRY! Continue reading