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Blog

  • Are you putting off a big decision or a big life change because you are afraid of what could happen? There is incredible power in defining and getting clear about the worst case scenario, the nightmare that you’re too afraid to look square in the......

  • The concept of fixing and flipping property has taken a new turn and nowadays, it is a lucrative way for investors to amass wealth and increase their personal net worth. Who knew buying that beautiful yacht would become easy after getting the hang of fixing......

  • Wholesaling is a great way to enter the world of real estate investing because you don’t need much capital to begin with. Real estate offers incredible wealth-building opportunities, but for many, it is difficult to get started in because of the huge capital investment required.......

  • As the real estate market continues to heat up and more people are jumping into the investing business, I am starting to see some interesting and disturbing trends, such as multiple wholesalers contracting to buy the same house from the same seller. Yes, the seller is......

  • There are many ways of categorizing people. Especially when it comes to success or failure. Thinking through what I see at my REIA meetings each month, here’s what I’ve noticed: Losers whine about the weather. Winners get to the meeting. Losers complain about the traffic.......

  • Editor’s note: This is the first of a two-part column.  pl. hyp·no·ses (-sz): An artificially induced altered state of consciousness. Real estate hypnosis is the artificial induction of believing the “rules” of real estate don’t change. That well-established principles of real estate must be followed......

  • Editor’s note: This is the second of a two-part column. The first appeared Sept. 23. “You need money to make money”: This is the most powerful hypnotic lie for most investors. For most of my students this is the biggest barrier they need to break......

  • When speaking to the uninitiated about the innumerable benefits of investing in real estate, a common response I get is: “well, I don’t want to be running out to unclog a tenant’s toilet at 3am.” I wonder if they think that I want to? That......

  • Real Estate transactions have several participants seated at the closing table that are responsible for the success of the deal and that make a profit from the deal. If you were to sit down and figure the hours spent working on the project then divide......

  • It is well-nigh impossible to impossible to be a Real Estate Investor for any length of time without owning a house that sits vacant at some point- be it between tenants, or after a rehab and while you’re waiting for it to sell (in a......

Real Estate Investing Today

  • Types of Real Estate
    The folks over at Fortunebuilders say there are several types of investment properties investors should become familiar with, including residential and commercial. Today’s infographic helps identify the various types in order to help investors determine what’s best for them.  Happy Friday!!! Hat tip to FortuneBuilders.   The post Types of Real Estate appeared first... Read more »
  • Equity Trust’s 10 Most/Least Expensive Real Estate Markets for their Clients
    The Equity Trust Company, a leader in Self-Directed IRAs and a National REIA preferred benefits provider, recently released their list of the top 10 most & least expensive real estate markets for their clients.  They say the states where Equity Trust clients have paid the most for real estate investments... Read more »
  • Real Estate Investors Encounter Booby-Trapped House
    Here’s one that will make you think twice about that next flip.  A group of real estate investors in suburban Philadelphia discovered a booby-trapped swinging knife that could have either killed or seriously wounded someone walking up the stairs. According to news reports, the investors were checking out out an... Read more »
  • Serious Delinquency Rate Continue to Fall
    According to recent data, the number of mortgages across the country that are in a state of “serious delinquency” continue to fall.  The NAHB’s Eye on Housing blog analyzed the numbers from a recent Mortgage Bankers Association report that said in 2018, non-seasonally adjusted serious delinquency rates of conventional and... Read more »
  • Suburbs with the Biggest Boom in Renters
    Which suburbs have seen the largest boom in renters?  A recent report at RENTcafe analyzed data from Yardi and the U.S. Census Bureau to show which suburbs have led the way in the growth of rentals.  They looked into renter population changes between 2011 and 2016 to uncover the suburbs... Read more »
  • Best Affordable Caribbean Beach Towns to Buy a Home
    Taking place this week in the Caribbean is National REIA’s annual educational conference and cruise –  aka “a vacation with an education!”  With that in mind, a recent post on Realtor.com found the best affordable Caribbean beach towns to buy a home – or maybe a rental?  The towns they’ve identified... Read more »
  • House Flippers Facing New Challenges
    We have had several recent posts about the economic condition of the home flipping market. With that in mind, a recent post on BizWomen says that in several housing markets there is a shortage of distressed and run-down properties that is making it harder for house flippers to find profits.... Read more »
  • Letters from 1800s Discovered in Walls of Massachusetts Rehab
    A homeowner in Westborough, Massachusetts that was having rehab work on her home got more than she bargained for.  According to Boston TV’s Channel 25, when contractors were performing the work on the 19th century home they discovered a trove of dozens of historical letters and items from the 1870s... Read more »
  • Home Seller Profits at 12-Year High
    According to ATTOM Data’s 2018 U.S. Home Sales Report, people that sold a home in 2018 realized an average home price gain (since purchase) of $61k, representing a 12-year high.  The report says that the $61k average home seller profit represented an average 32.6% return on investment, which was the... Read more »
  • Wealthiest & Poorest Counties in all 50 States
    Where are the richest and poorest counties in every state?  The folks over at personal loan provider Titlemax took a deep dive into the poorest and wealthiest counties in America and ranked them by median income at the county level.  The more green a county, the more “green” it has…..the... Read more »

Meck Times

  • INVESTORS’ CORNER: Closing Documents  
    A typical real estate closing has a lot of paperwork, but there are two short and simple pieces of paperwork that are key components to any residential or commercial real estate transaction. The first important paper is the Settlement Statement. For decades, it was referred to as the HUD-1. After the Dodd-Frank... Read more »
  • INVESTORS’ CORNER: Be Aware of Rules when Wholesaling Property 
      One of the things I find to be fascinating is that people who normally act with integrity and consider themselves to be upright and honest seem to check that principle at the door when it comes to the process of trying to wholesale real estate. They claim to enter into... Read more »
  • INVESTORS’ CORNER: Assign or Double Close 
      In a conversation I had with a real estate investor regarding the differences between assignments and double closings, we talked about the cost associated with double closing a transaction. When you close two separate real estate transactions involving the same property within a short period of time, say 30-45 days... Read more »
  • INVESTORS’ CORNER: Americans Still Say Real Estate is the Best Long-term Investment 
    According to an April 2017 Gallup Poll, American’s perceptions of the best place to put their money for the long term is not in the stock market or in mutual funds, gold or silver, bonds, CDs, or in savings accounts. For the fourth straight year, real estate ranked number one... Read more »
  • INVESTORS’ CORNER: A Free and Clear Plan 
      The first step is to set a goal for the number of free and clear houses that you want to own. Work backwards into this goal by first setting an income goal and then asking how many free and clear houses you will need to produce that target income.”... Read more »
  • INVESTORS’ CORNER: Ignore the Static and Take-Action 
    If these last few years your pocketbook has become lighter, your expenses have gone up, and your incoming cash flow has gotten tighter, you’ve got to ‘rise above the occasion’ and take control of your situation. I know so many people that react to the situations that hit them rather than... Read more »
  • INVESTORS’ CORNER: Beware Balloon Payments 
      Balloon payments occur when your loan has a maturity date before it is completely amortized.  For example, your loan could amortize over 30 years, but your lender could require you to pay the outstanding balance at the end of year 5.  This would mean you need to come up... Read more »
  • INVESTORS’ CORNER: A Guru’s Scars 
          It happens in pretty much every economic up-cycle when it comes to real estate. As more people have a degree of success in real estate, they feel empowered to want to share their information, knowledge and training with beginning investors. As can happen in real estate, there... Read more »
  • INVESTORS’ CORNER: The Wholesale Trail 
    For the past few years, one of my main passions has been to educate and elevate the “wholesaling real estate” industry. It’s gratifying to see that more and more individuals are understanding the distinction between marketing contracts and marketing properties. Fundamental knowledge like that is not only important for regulatory and legal... Read more »
  • INVESTORS’ CORNER: Marketing Methods for Rental 
    Craigslist.com is the big daddy of online classified ad sites. It is categorized by country, then state, then either city or general area for example, Charlotte, Monroe, Gastonia etc. In some areas, you can just post a classified; in other areas, you need to register with Craigslist to post an... Read more »