If you are looking to invest in real estate, the first thing you need to do is determine whether you are going to pursue a short term or long term strategy. These are the main strategies when it comes to purchasing real estate. Short Term Investing This seems to excite people and all of the late night real estate gurus have people touting their quick turn around, high profit deals which keeps the gurus well fed … read on »
All posts tagged as “real estate investing”
Why Cash is Not King
In real estate, cash is not king because you don't actually need it to buy properties once you understand how to buy. This evening I had the privilege of having dinner with a veteran real estate investor who was a wealth of knowledge. He shared with me lots of stories including one of how he could have picked up a seven-figure property and doubled it within a few short years, and best of all it … read on »
How Sub Prime Lending Created Investment Opportunities
There are lots of ways that sub prime lenders contributed to the mess we are in, and I would like to point out just a few. 1. Approving loans that never should have been approved. It's no secret that many of the loans that were underwritten should never have happened. The aftermath is families were wounded financially, and now as the government continues to step in, we the tax payers, get to carry the burden from … read on »
How to Get a 1000% Return on a $20,000 Investment
One of the things that veteran real estate investors know, is that over time, real estate always increases. As one of my mentors recently pointed out, there is NO real estate in the country that is worth less today than it was worth 10 years ago (if you find it, let me know). sure we are in a slight adjustment, but that is when you need to make your move. Imagine what would happen if you … read on »
Why I Love to Get No For an Answer
Back in the early 90's when I was studying real estate sales, I was listening to one of the real estate sales gurus (I think it was Tom Hopkins). He pointed out that in the real estate business (or sales in general), you need to be tough skinned and be able to deal with the "no's" because you will get far more no's that yeses, The phrase that has always stuck with me is "every no … read on »