February 21st, 2012
If I have the choice I always try and do a subject-to deal first and a lease option deal as a last resort. Why? Because with a subject-to I’m on the title, I own the property and I don’t have to deal with the seller anymore.
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January 27th, 2012
The world of mentoring is a dangerous one. In fact, every time you mention the word ‘real estate mentor’ it seems like people come out of the wood-work bashing mentors, talking about how they got ripped off my some guru, and saying they’ll never use a mentor in their life.
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January 9th, 2012
I once heard a well-known marketer speak about how to value your time and how most people get it wrong. He gave the following example which I really liked: He wanted to go to a rock concert of a famous band. His friends had spent the night in their vehicles so they could be some of the first people in line to get tickets. They had to wait all day until they were finally able to get the tickets and they were bragging to him how they got great seats for only $50.
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December 28th, 2011
A fellow I know got a great property under contract, found a buyer for his wholesale deal and was looking to make a quick $10,000 on the deal. However, he made a few mistakes along the way which almost cost him the deal and I want to show you how to avoid them.
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December 7th, 2011
When I first started out in this business a long, long time ago I was a desperate investor. I had almost no money and I would have done anything to get a deal. Unfortunately, my desperation showed because I made deals that I would never do again.
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November 18th, 2011
Closing a deal with a couple who is going through a divorce is not fun at all, however it can be very profitable. So since 50% of all marriages end in divorce you’d better learn how to handle this sticky situation and profit from it.
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October 21st, 2011
I just got back from my honeymoon. I spent it on Vieques Island, Puerto Rico, which is a tiny island in the Caribbean Sea. Of course while I was there I checked out the real estate market which ranges from $4 million beachfront mansions to 3 bedroom 2 bathroom houses for $190,000.
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October 10th, 2011
I know a lot of investors who spend a small fortune on marketing and getting leads from sellers. However, once they’ve invested a lot of time and money into getting these leads, they don’t put enough thought into closing the actual deal.
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September 27th, 2011
To tell you the truth, I think REIA meetings are wonderful and every new investor should attend them. These meetings are one of the best ways to surround yourself with successful investors and to learn from them.
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September 12th, 2011
Quite frankly, I’ve never worried about my competition. I’ve trained and helped numerous real estate investors in my area and many of them are “farming” the same neighborhoods as I do. But again, it doesn’t worry me one bit.
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