I frequently talk with investors and hear investors talking about how they are scared to death of “getting stuck with a propertyâ€?. I think we all know, or at least have heard, prices have come down in most markets, there are a lot of houses on the market and good deals are to be had. However, what sense does it make to buy a property if you can’t sell it? I have blogged in the past about how homes are still selling albeit at a slower rate and only the […]
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What about Renting?
April 22, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning, Step 05: Analyze Opportunities, Step 09: Manage Property Effectively
Always Improve Your Business
April 10, 2008 in RESIDENTIAL R.E., Step 01: Build a Solid Foundation, Step 03: Do Strategic Planning
“Without continual growth and progress, such words as improvement, achievement, and success have no meaningâ€? Benjamin Franklin This quote applies to all walks of life and can certainly be applied to any Real Estate business, no matter how successful. As an Investor, you should constantly be evaluating your business and strategies, and more importantly, be making necessary changes to improve what you are already doing. Don’t let your business get stuck in a rut. Think of the ways your Real Estate business can be improved. Is there a more effective […]
Buy Low and Ride the Market Back Up
March 13, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning, Step 05: Analyze Opportunities
I was recently talking with a lady that is focusing on doing rehab flips in California. The real estate market where she lives is very slow, there are an unusually high number of properties sitting on the market for sale and prices have come down dramatically. She is confident she can buy properties at a good price but is not so confident she will be able to sell them in the current market. Renting properties historically hasn’t been an option in her area because rents have not kept up with […]
Opportunities with Bank Owned Foreclosures
March 11, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning, Step 04: Find Potential Deals
Bank owned properties can be great investment opportunities for investors. Banks and lenders don’t want these properties and they are getting more and more of them as the foreclosure numbers continue to sky-rocket. The question then is, are there good deals or can these properties be purchased at a discount? Banks and Lenders are not always willing to discount their properties, but oftentimes they are willing to take discounts. Banks take into consideration many factors when selling their properties. Here are some statistics that show banks’ willingness to sell properties […]