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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

  • Generation Z Enters the Housing Market
    Generation Z might be sneaking up on us but mark our words, they will not be ignored.  We have had a few posts about this rising cohort and now we’re starting to see them enter the housing market.   A recent report by Realtor.com looks at recent mortgage origination data to... Read more »
  • Marijuana and Real Estate
    Marijuana legalization is a “burning” topic all across the country.  We have even had several posts on the subject.  However a new report from the National Association of Realtors seeks to shed light on legalization’s impact on the real estate industry.  They point out that in states where marijuana is... Read more »
  • President$ on Your Money
    Monday, February 17th is President’s Day.  And since real estate investors all know that “cash is king,” today’s infographic from NerdWallet reminds us that the cash we carry (with a few exceptions) has portraits of our most revered Presidents.  Have a Happy President’s Day and of course, Happy Friday!!!! Hat tip... Read more »
  • Small Town in Idaho Faces Dilemma as West Coasters Move-In
    We have seen from recent moving data that Idaho is the top moving destination for folks seeking an interstate relocation.  And, if you’ve ever been there you can hardly blame them – the state is gorgeous.  A recent story in the Wall Street Journal (reposted on Realtor.com) takes a look... Read more »
  • America’s Housing Market Gained $11 Trillion in Value in Last Decade
    According to new research from Zillow, the combined value of every residential home in the United States was $33.6 trillion at the end of 2019, up 3.4% ($1.1 trillion) from a year ago and 51% ($11.3 trillion) from the start of the decade.  Not only that, but the growth in... Read more »
  • Oakland Bans Criminal Background Checks for Screening Tenants
    Late last month, the city of Oakland, California passed an ordinance prohibiting landlords from asking about a potential tenant’s criminal history or even rejecting them for having a criminal record.  As reported by the LA Times, Oakland’s ordinance is “the strictest of its kind in the state, covering both public... Read more »
  • Large Cities See Rise in One-Person Households
    According to recent census data, the share of single-person households has been significantly rising in America’s largest cities.  A recent report from Point2Homes (a division of Yardi) says that residents from established urban areas are increasingly living on their own.  Indeed, there is also a multiplying effect: “The high, and increasing... Read more »
  • 2020 Rent Control Threats
    We have been covering the ill-effects of rent-control for some time now.  Recently, the National Multifamily Housing Council issued an analysis of 2019’s housing market as well as looking forward into 2020.  They rightly say that rent-control is an “existential threat to the industry” that needs to be a top... Read more »
  • Remodeling Magazine’s 2020 Cost vs Value Report
    Remodeling Magazine recently released their 33rd annual Cost vs. Value Report comparing 22 remodeling projects & upgrades with the value they retain when the property is sold in 101 U.S. housing markets.  Interestingly, they say this year’s numbers show a slight downturn on the ROI for nearly all projects relative... Read more »
  • Developers Build More Luxury Apartments Than They Have in Decades
    The Wall Street Journal (reposted on Realtor.com) is reporting that the nation’s builders are on track to finish more new apartments in 2020 than in any year since the 1980s, however data from RealPage shows these new units are trending toward the higher end.   According to the report, upwards of... Read more »

Meck Times

  • INVESTORS’ CORNER: Don’t Squander Your Most Precious Resource 
    As Real Estate Investors, we are largely independent of the direction and supervision most employees receive, and thus the temptation to misuse time until such misuse has become a habit is greater than many of us are consciously aware of. Ben Franklin, our Country’s first millionaire, was famous for his... Read more »
  • INVESTORS’ CORNER: That’s Not Funny! 
    Did you ever notice that some of the very funniest things we have as memories and to tell stories about were not the least bit funny at the time the event(s) occurred? I had a rental property in Michigan where the tenant was getting assistance to pay for her housing... Read more »
  • INVESTORS’ CORNER: Open the Flood Gates with a Personal Guarantee 
    What are Personal Guarantees and Why On Earth would anybody sign one? A Personal Guarantees is a promise to pay corporate debt if the corporation is unable to do so.   A personal guarantee can eliminate a primary benefit of a corporation, in that the individual owner can be exposed... Read more »
  • INVESTORS’ CORNER: Why Houses Are Your Best Investments 
    You’ll find endless debate in real estate circles about whether you should buy houses, mobile home parks, apartment buildings, raw land, or commercial buildings.  It’s impossible to say that every person should concentrate on one or the other, but I agree with John that for the average, small investor, you... Read more »
  • INVESTORS’ CORNER: Guide to Buying Wholesale Property 
      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.  On the other hand,... Read more »
  • INVESTORS’ CORNER: Don’t Invest in Something You Don’t Understand 
    There are thousands of brilliant ideas for making money out there, but can you execute all of them? Often the simple, understandable plan, well executed, works the best. For our own real estate investment plan, my business partner and I love single family houses and small multi-units (duplexes, triplexes, 4-plexes).... Read more »
  • INVESTORS’ CORNER: The Power or Indignation 
    Indignant is not a very strong adjective.  True, it hits much harder than its perfumed and delicate cousin petulance, but carries nowhere near the weight of its 3 elder brothers- rage, infuriation, and even exasperation. We all have somewhat unique individual reactions when life “hands us lemons”.  Real Estate Investing... Read more »
  • INVESTORS’ CORNER: Best Day of the Year to Buy a Home 
    Many of us have vague notions (mostly secondhand, or worse, so dislocated from the source that we cannot begin to gauge their authenticity) of the best time of year to buy or sell a home (two sides of the same coin).  I’ve always heard that winter was a tough Season... Read more »
  • INVESTORS’ CORNER: Be A “Don’t-Wanter” of the Deal 
    I’ve been involved in a lot of negotiations, and read a lot of books on the subject.  There is a basic principal of negotiation that is fundamental- that is- below the level of tactics and techniques.  In fact, it doesn’t apply to negotiations alone, but to almost every type of... Read more »
  • INVESTORS’ CORNER: The Vocabulary of Real Estate Investing: Part 3 
    Here are two more words instrumental to a sound grasp of the principles that will speed you along your journey to success in Real Estate Investing: Equity– most of us are aware of the general definition of equity: value minus debt equals equity.  However, there is a phrase that is... Read more »