When I’m dealing with distressed sellers I like to more than just a homebuyer or investor. I try and bring value to the deal that is of help to the seller beyond just buying their home. Many sellers, especially those in default on their mortgage or even those in foreclosure, are oftentimes confused and unsure of what exactly is happening. You will better be able to gain their trust if you are viewed as a source of information by the sellers. Here are a few tips from a lawyer that […]
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Talk to someone…..anyone!
July 10, 2008 in RESIDENTIAL R.E., Step 04: Find Potential Deals
Don’t leave any rock unturned. This is what I tell investors that I work with. Talk to a lot of people, shake a lot of hands, attend a lot of networking events, kiss a lot of babies, well maybe you don’t need to do this but I think you get the point. Real estate investing is a people oriented business and the more people you know, the more successful you will be in your business. The contacts you make will be great sources of information and knowledge and will also […]
Declining Markets? Not These……
July 8, 2008 in RESIDENTIAL R.E.
I frequently get asked by investors where they should be investing or what markets are poised for growth. It’s a difficult question because I think there are opportunities in virtually any market provided they are not ghost towns or becoming one. Having said that, I do pay attention to what so called market experts think about opportunities in different markets. Mortgage insurance companies have a vested interest in knowing where the good markets are as it helps them with their risk analysis. Below is a list of markets PMI Mortgage […]
Remember the Basics
June 26, 2008 in RESIDENTIAL R.E.
Most, if not all, investors at some point in their investing careers get frustrated and feel like they are spinning their wheels. Real estate investing can be very much like a roller coaster with many ups and downs and peaks and valleys. One of the most effective ways to minimize the frustration from being in a valley is to make sure the basics of your business are covered. Master the basics and don’t let the minutia of advanced strategies or confusing transactions cause you to lose sight of the simplicity […]