March 12th, 2012
There are over 21 ways to make money in real estate investing. I’ve been investing since the 80’s and can tell you that each of these ways have been tried and proven to be legal and successful ways to make money in real estate. In Part I of Way to Make Money in Real Estate Investing investors were given the first 10 different ways to invest in real estate. Below is the last 11 ways that I know of to make money in real estate investing: Read the rest of this entry “
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February 20th, 2012
I’ve been a conservative investor who has been very pedestrian along the path to becoming a mogul. I buy well-located buildings and plan to hold on to them forever. I learned most of what I know from books or from observing my fellow investors.
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January 25th, 2012
The syndicator can be compensated at the end in two different ways: 1) by receiving a share of the profits when the property is sold; or 2) by receiving some of the refinancing proceeds.
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December 14th, 2011
Sometimes we, or our properties, fall into “the worst of times”, and our best option may be to sell. Let’s briefly consider some of these unfortunate situations that may put us or our heirs in a position where selling our investment real estate is the best option. Read the rest of this entry “
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October 31st, 2011
I wondered, “What am I getting myself into buying an apartment building?” My two years of training at the University of Chicago in business administration didn’t include one minute of instruction in setting rents, showing apartments, or evicting non-paying tenants.
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September 23rd, 2011
My experience has been in managing residential real estate, and my comments in this blog post focus on that.
When you acquire a property you plan to hold, you then have to decide how you will manage it. Your initial choices are simple: you can do it yourself or you can pay a management company to do it for you. Each approach has advantages and disadvantages. Read the rest of this entry “
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September 2nd, 2011
For my first – I was scared. In response to this fear, I went to my local bookstore and bought several books on managing apartment buildings. During the two months before the closing, I read all of them. I developed forms and leases, had rental ads ready to go in the event of vacancies, and even spent my weekends looking at available rentals in the neighborhood, so I could price my units correctly.
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August 9th, 2011
I do not attend closings. Every property I bought after the house in Pittsburgh has worked out well. That’s seventeen profitable purchases in a row. Not attending closings sure makes a difference for me. I am up-front with my attorneys and lenders about not attending closings. They know that all the documents have to be ready a few days ahead of time for me to review.
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July 28th, 2011
Here’s my take on interest-only loans.
For some borrowers, the interest-only loan is great. If you want to qualify for as high a loan amount as possible with the lowest monthly payment, this is a possibility. If you are planning on owning the property for a short period of time and selling it at a higher price, an interest- only loan will maximize your profit. If you can put the extra monthly cash flow into investments that perform better than your loan’s interest rate, then go for it.
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May 18th, 2011
After my city job was finished and my consulting assignments were completed, I faced the prospect of being unemployed. Stated more positively, I had a lot of free time to do what I wanted. I already owned five buildings, and with the support of my wife, I decided to do something I had always been eager to try - become a full-time real estate investor.
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