Archive for August, 2006
« Previous Entries“I’m So Confused!” – Of Course You Are My Dear and For Good Reason…
Tuesday, August 29th, 2006Every day a new set of statistics comes out about the US housing market, and every day more and more people are standing around saying: “I Told You So!”
The problem is, of course that the people wagging their fingers in the air are on opposite sides of the argument (or so it seems) and are [...]
“Don’t Be An Idiot!”
Friday, August 25th, 2006Got an interesting email the other day from someone who claims to be “an investor”, and I just assumed they believed they meant “a real estate investor”, but please read on…
It was an unsolicited email, actually more like a “rant”, and in this unsolicited email they listed all the reasons they were NOT coming [...]
Strategy #7 – Rehabbing, Which of Course Leads To…
Thursday, August 24th, 2006Strategy #7 is, again, one of my favorites: Rehabbing.
Rehabbing is taking a structure and giving it a face lift and a tummy tuck
Many people believe that a building should last “a 100 years..” Well, the reality is that any building regardless of its use, (as in residential, commercial, industrial, etc) is made up [...]
Strategy #3 – Wholesaling “Revisited”…
Wednesday, August 23rd, 2006I know I promised that I would revisit wholesaling at the end of describing all of the strategies, but I had such a great interview yesterday with Dwan Bent-Twyford (The Queen of Foreclosures), that I wanted to come back to Wholesaling a little early while the conversation was still fresh in my mind.
You probably [...]
The Great “Head Fake” of 2006…
Tuesday, August 22nd, 2006The data has been coming in at a fast and furious pace and it is clear to anyone who is paying attention:
THE Real (US Residential) Estate Market Correction of 2006 is almost over as soon as it began.
For years now the media has been telling us that real estate was headed for a “CRASH”, that [...]
Strategy #6 – “Pennies on the Dollar”, the real deal…
Tuesday, August 15th, 2006First of all, to the person who sent me the email wondering, “Where the h#x# was yesterday’s blog?”
Welcome to my blog, I don’t work on Mondays Now that it is summer time. Monday is mine and David’s (my five year old) day. You live your life as you want to, I live mine [...]
Strategy #5 – “Foreclosre Consultant”…
Friday, August 11th, 2006Strategy #5 is actually a New Entry into the list of “Fundamentals” of real estate investing strategies and comes about due to a change in the laws of the state of Maryland. While it is currently unique to Maryland real estate investors, it is worth paying attention to because of the groundswell of state legislation [...]
Strategy #4 – “Bird Dogging”…
Thursday, August 10th, 2006Bird Dogging a/k/a “Scouting” a/k/a being “the mouse”, is where an individual scouts out leads on opportunities that they believe can be converted into deals, and then turns over the information to an investor for a fee.
It is a very simple strategy, has huge UPSIDE, and very little financial risk on the part of the [...]
Strategy #3 – Wholesaling vs. “Flipping”…
Wednesday, August 9th, 2006Strategy #3 is Wholesaling and quite honestly is one of my favorites, personally. It is the strategy we used to avoid financial disaster in 2001, when the events of 9/11 caused the collapse of my aviation business.
Wholesaling is when you get a property under control and assign your interests to another investor at a marked-up [...]
Strategy #2 – “Buy-Hold”…
Tuesday, August 8th, 2006By far, Strategy #2, Buy and Hold” is what most people think of when they think about getting wealthy in real estate.
And quite honestly, they should as it is a “Sure-fire” proven winning strategy. The question, of course, is why?
The answer is somewhat complex, not complicated, but complex. However, it can be reduced to one [...]