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If you had the chance to start over again, knowing what you know now, what would you do differently the second time around? This question cuts to the core of the essential lessons of a lifetime of real estate investing. Here is my six-part answer to this question.
Realize...
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The quirky practice in grading mobile home parks with a "star" rating (usually ont to five stars) exists for no other type of commercial real estate.
What makes this interesting is that almost no one who uses the rating knows what it means or where it comes from. I get a...
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I think investors as a whole have a bad reputation. People think of us as sharks, piranhas, and vultures. They think we thrive on taking advantage of people in distress to better ourselves.
I don't believe that is true. I see investors as a group of folks who help people...
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Here is what I tell beginners...
First, evaluate how much time you can commit to real estate investing. If your approach is "hit or miss," your results will be too.
Second, go to the street. It is the best teacher. Rather than talking about doing deals, reading in the...
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These are the Top 10 reasons people use for not succeeding in real estate investing. OK, maybe this list is a bit obnoxious, but I'm trying to make a point. If I offend anyone with this list, it probably means I'm right on track!
Reason #1: I have no cash
The Myth:...
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When you meet with a motivated seller to negotiate a deal there are five specific steps you need to take to get him to say "YES!" to your creative offer.
1. Ask the seller to show you the house
Your Goal: To establish rapport with the seller.
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