Who’s on YOUR 16-Member Real Estate POWER TEAM?
Real Estate Investing doesn’t have to be risky. I, for one, prefer the odds slanted heavily in my favor when I am investing. That’s why it’s important to have a strong POWER TEAM to help you succeed. I am going to present my power team of the top 16 professionals to you but first, let’s […]
13 Critical Real Estate Power Team Members for Your Investing Business
Here are the 13 absolutely critical power team members you absolutely need as contacts to build a highly profitable real estate investing business.
Case Study Part 3: $100k on a Last-Minute Foreclosure
The Fix/Flip Phase of the Deal As we set out to plan our rehab, we decided that while we wanted to force as much appreciation as we reasonably could and we didn’t want to go through the significant extra cost and hassle of a square footage addition. In a neighborhood of historic homes from the […]
Case Study Part 2: Saving a Home from Foreclosure, and Dealing with the Aftermath
So it was now the morning of the foreclosure sale, and the first bit of news we had received wasn’t good. An IRS lien rarely is. Meanwhile, my investor friend’s plan for that morning was to meet up with the Owner and sign the purchase contract. Securing that contract was critical because for all the […]
Case Study Part 1: Next-day Foreclosure Sale Showcases Creative Deal Structure, IRS Liens, Trespassers, and More!
Once in a while, a deal comes along that provides the ultimate challenge of your real estate acumen, fortitude, patience, and your assessment of risk versus reward. In sharing this particular opportunity with you, I will describe the ins and outs of a complex deal structure which necessitated solid risk versus reward assessments. Topics included […]
Build a Kick-Butt Portfolio in 5 Years Using BRRRR
Previously, I have defined and explained the BRRRR method of investing in rental real estate. To recap that article, here the steps of this sequential method, and the summarized importance of each: Buy – a smart buy doesn’t guarantee your profits at the end of the rainbow, but a bad buy can certainly lock in […]
A 2,000 Year Old Philosopher’s Advice on Real Estate Investing
“Luck is what happens when Preparation Meets Opportunity” This quote by Seneca, a Roman philosopher from the mid-1st century AD, has been one of my favorites for years. It’s a great saying because it reminds us that we create our own ‘luck’ based on the things we do or do not do. Never did this […]