Tag Archives: web

Foreclosure Investing: Persistence Pays Off

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We’re currently working on a short sale for a property on which the owner hasn’t made a payment since February of 2008. (Yes, the banks CAN take that long to foreclose!).

There had been a few offers along the way, but they were either refused by the lender or the Realtor® she was using didn’t know what to do in order to get the deal closed. In addition, the lender is AHMSI, who is difficult to say the least.

Offers came and went because the bank simply didn’t respond. When we finally got involved, we moved right up the chain of command, contacted the Attorney General for the State of Florida and a few other agencies. Amazingly enough, we got a reply within a few days. Continue reading →

5 Steps to Absentee Owner Marketing Profits

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The truth of the matter is that working with absentee owners is one of the easiest markets in real estate.

There are essentially only 5 steps you need to take to be successful with absentee owner marketing:

1. Determine Your Absentee Owner Lead Source.
There are a number of places that you can find absentee owner leads. Ultimately, the success of your campaign comes down to finding accurate leads and the right type of leads. In other words, you don’t want data that’s 2 years old. It needs to be up to date and current within the last 3-6 months. Continue reading →

Why Absentee Owner Marketing?

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There are 5 reasons NOW is the time to really look at absentee owners as your primary method of finding sellers – with equity.

But before we get into the reasons why absentee owners are a great market right now, it’s important for us to define absentee owners in the manner in which WE discuss it for purposes of this article and in our Absentee Owner Marketing training.

For our purposes, when we refer to “absentee owners”, we’ll be referring to owners of real property whose mailing address is 50 miles or farther away from the subject property.

Let’s look at the top 5 reasons absentee owner marketing is ripe for the picking RIGHT NOW. Continue reading →

Probate Investing Lunch & Learn

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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…

Firefox for Real Estate

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You’re probably already familiar with browsers like Internet Explorer or Netscape… or even the built in browser in AOL if you use AOL.

But, you may have never even heard of “FireFox”. It’s a great organizational tool for your business in that it’s a browser that uses a tab system (similar to the new Internet Explorer interface).

Save different tab sets for different purposes. For instance, if you regularly research a handful of websites for new properties for sale, you might have one tab set entitled “Finding Properties”. Then, let’s suppose you follow several educational blogs (like Continue reading →

Reduce Your Chances of An IRS Audit

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3 Simple IRS Audit-Reduction Tips… AVOID E-File! It was created to audit you better, more efficiently, cheaper. A former IRS commissioner called it, “State of the art auditing”. Using E-file is like putting your head in the mouth of an alligator, whose name is “IRS”! Instead file the computerized paper forms and mail them, making it more difficult for the IRS.

NOTE: Recent legislation states after December 31, 2010 (2011 on) returns are mandated to be filed electronically by most tax preparers.   Continue reading →

Classified Ads for Real Estate

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Let’s get right to the point here!

Classified ads work IF YOU DO THEM CORRECTLY!

There are hundreds of classified ads in any of your publications on a daily basis. Most of them look identical to one another and don’t do anythingto grab the attention of your prospects.

Your only goal in marketing is to get apotentially motivated seller (or buyer) to contact you. Nothing else! (Despite what some say).

Just as in any training that I do on marketing, I will tell you Continue reading →

Following A System…

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Recently, we had a guest expert on our Interviews with the Expert series. The topic was investing in land. (Here’s the webinar link in case you want to check it out).

During the webinar, I had kind of an “aha” moment and I decided to do a “challenge”.

I was going to take Jack’s system (Note: I had NEVER gone through the materials personally prior to this) and implement it. My goal was to get a parcel of land under contract in 30 days or less.

Here’s What I Did…

I committed to spending 60 minutes/day on the system. Continue reading →

Real Estate Investing Mistake #2: Inspections and Repairs

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The only real solution for real estate investing mistakes is consistent action! You’ve got to stick with it and realize that part of learning process. You WILL make mistakes… and you will continue to make them for as long as you choose to invest.

The key is to learn from each and move on. Add it to a policy and procedure manual so to speak! And avoid that particular real estate investing mistake in the future!

When I first started in real estate, I would document every real estate deal in detail. I would be sure to document: (1) What went well, (2) What didn’t go well!, Continue reading →

Real Estate Investing Mistake #1: Farm Area

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When I first got started in real estate investing, I was the poster child for mistakes! The one thing I did PROPERLY was that I took action. And success favors the people that take action.

The key is to keep moving and not dwell on each individual real estate investing mistake that you make, especially early on! Just keep on going… and take a few minutes to figure out what the lesson was, add it to your knowledge and experience bank, and move on to the next!

In this article series, I’ve highlighted 17 real estate investing mistakes that I made early on and share with you what you can do to avoid making the same real estate investing mistakes I made…

The first mistake new real estate investors make is always thinking the grass is greener on the other side! That “another” market will have better deals, more motivated sellers, and more qualified buyers. Once your business is established with duplicatable systems in place, it can be easy to expand into additional markets. But in the beginning, stick with your targeted farm area. Continue reading →