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Metrolina REIA | Blog
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  • 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

  • How Does a Crisis Affect Your Investment?
    Managing your properties during any crisis is a challenge, let alone the current Coronavirus pandemic we’re experiencing.  On a recent episode of the Rent Perfect Podcast, David Pickron talks with longtime property manager and seasoned housing provider Anne McCawley about how to manage your properties during a time of crisis. ... Read more »
  • Negative Interest Hit US Treasury Bills
    In late March yields on both the 1-month and 3-month U.S. Treasury Bills entered negative territory – the first time in almost 5 years that this has happened.  In addition, CNBC reported that while the Coronavirus pandemic has brought negative yields on government debt, they are not directly related to... Read more »
  • FBI Sees Rise in Coronavirus Fraud Schemes
    We have had several posts about the dangers of cybercrime over the past few years.   Recently, the FBI said they have seen an uptick in the number of scams & methods for cyber-criminals to steal your money, personal information or both during the current Coronavirus pandemic.  Specifically they are... Read more »
  • Pending Home Sales Up 2.4% in February
    The National Association of Realtors is reporting that pending home sales were up 2.4% in February with the NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increasing to 111.5.  In addition, they reported that year-over-year contract signings were up 9.4%. “February’s pending sales figures show the housing... Read more »
  • FHFA Index Says U.S Home Prices Up 5.2% Year-Over-Year
    According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 0.3% in January, 2020.  In addition, they report that home prices were up 5.2% from January 2019 to January 2020.  The FHFA produces the nation’s only public, freely available house price indexes... Read more »
  • Congress Passes Historic Trillion Dollar Stimulus Package
    In late March Congress passed (and the President signed) a historic $2 trillion economic-rescue package (CARES Act) for individuals and businesses affected by the Coronavirus pandemic.  CNBC’s Kelly Evans interviewed the Wall Street Journal’s executive Washington editor, Gerald Seib about the bill and its implications for helping America through this... Read more »
  • Unemployment Claims Spike off the Charts
    A recent “chart of the week” from the Mortgage Bankers Association vividly illustrates the U.S. Department of Labor unemployment statistics from mid-March: jobless claims spiked to over 3.3 million!  In fact, these claim numbers are higher than the Great Recession’s peak of 665k in March 2009 as well as the... Read more »
  • U.S. Ranks First in the World in Health Security
    With the Coronavirus pandemic affecting our nation and world, it was reassuring to come across this recent infographic from Visual Capitalist.  The chart pulled data from the 2019 Global Health Security Index, which ranked 195 countries on health security.  While they do point out that no country was truly prepared... Read more »
  • New Home Sales in February Up 14% from 2019
    The U.S. Government is reporting that sales of new single-family houses in February, 2020 were at a seasonally adjusted annual rate of 765k,  which is 4.4%  lower than January’s revised rate, but is 14.8% higher than one year ago.  The median sales price of new houses sold in February was... Read more »
  • Zillow Pauses Home Buying in Response to Market Uncertainty
    Zillow recently announced that it will “pause” home buying in the 24 markets where Zillow Offers currently operates.  They said in a news release that they’re responding to local public health orders related to the Coronavirus and their desire protect the health & safety of their employees, customers and partners.... Read more »

Meck Times

  • 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... Read more »
  • INVESTORS’ CORNER: When you take away Free Markets, you create Black Markets 
    The above is a quote from Winston Churchill, and is every bit as true today as it was well over half a century ago when he said it.  Please allow me to explain specifically why in terms of real estate: Government intervention into the free-market economy of Real Estate is... 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”.  The states of... 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... Read more »
  • 1031 buyer purchases lab/office property on NC State University’s Centennial Biomedical Campus 
    JLL Capital Markets and Capital Associates announced today that it has closed the $17.675 million sale of the Biomedical Partnership Center, a 44,835-square-foot, recently constructed office flex/lab building in Raleigh. JLL and Capital Associates represented the seller, CBC Flex Lab LLC, and procured the buyer, Flex III Subsidiary LLC, a... Read more »
  • INVESTORS’ CORNER: Handing Rental Property Turnover 
    The final rental property system has to do with the turnover time between tenants. This could be as short as a couple of days (my favorite) or a month or two (not good). Here are the goals we have for our turnover system: FAST turn-around time. Every day of vacancy... Read more »
  • INVESTORS’ CORNER: The Financial Independence Number Defined 
    Investment income is the money you receive from investment assets like real estate, stocks, and bonds. When your investment income exceeds your personal money needs, you no longer need to trade hours for dollars in order to survive financially. In the language of real life, this financial independence number means... Read more »
  • 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 »