Most new real estate investors do not make it through their first year in the business. After a few months, reality sets in and the industry reveals its true nature. As hard as it may be to believe, you have to treat this opportunity as you would any other new business. Knowing what not to […]
Listening to everyone, and their personal opinion on how to succeed in the real estate business, may confuse the average individual. There is a myriad of possibilities, each of which have their benefits and pitfalls. For every investor who believes that single-family rentals are the only way to go, there is someone telling you to […]
Time is perhaps the biggest asset you have in the real estate industry. How well you use it will delineate you from the rest of your competitors. If you are working on multiple deals, it can be easy to get bogged down with one snag and forget about everything else. This is where many investors […]
Marketing is widely perceived to be a numbers game. The more people you reach, the greater chance you have of making an impact. Subsequently, the same can be said about investing. The numbers you are confronted with will ultimately determine your success as an investor. Each set of numbers in your business will determine how […]
Going through the entire sales process, only to find out a week before the closing date that the buyer is not approved for their mortgage, is perhaps the worst thing that can happen to seller. While this should be easy enough to avoid, changing lending guidelines may prevent a prospective buyer from knowing they are […]
Real estate investors are always looking for the next trend. Whether it is foreclosures, short sales or tax lien investing; they are always trying to get ahead of the curve. Not that tax lien investing is new, but many investors are just now dipping their big toe in these waters. For the right investor, in […]
Investing in real estate is a business and every investor needs to treat it as such. Similar to that of any other business you may get into; you must come up with a business plan, marketing strategy, budget and more. Too many investors think that they can just call a local realtor, get in their […]
It is impossible to know where you can save money if you don’t even know where it is going. One of the ways that investors, old and new, get themselves in trouble is by neglecting to document where every dollar is being spent. If you do this long enough, you will know which areas require […]
If you are financing the purchase of a house, picking a lender to work with will ultimately be one of the most important decisions you make. Initially, it would appear that your decision should be largely based on interest rates and fees, but not every buyer is the same. Most of the investment programs have […]
The mortgage industry has gone through some fairly dramatic changes over the past five years. Countless mortgage companies, brokers and lenders have gone by the wayside as a result. We are left with a core of approximately six main lenders and a handful of others trying to carve out a niche. While there have not […]