Real Estate is Still America's #1 Millionaire Maker
You need fast, easy-to-follow accurate answers about your real estate investing.
This lens is chock full of tips, strategies and free information for taking your properties to the next level and beyond.
Our intention is to point you in the right direction so you can invest confidently in spite of any market condition.
Then we give our personal insider advice on property management. We are practicing landlords actively managing our own properties in Nashville, Tennessee, which include condos, duplexes, houses, and one Section 8. Believe me, we've seen in all- and you'll get reams of hard-hitting, free information here that you can't get anywhere else.
Real Estate Windfall
Fetching RSS feed... please stand bySmart Money is Flowing into Real Estate
How to Retire with Money
- Where to Find the Money
- You know you can do the deals. How can you get the money?
- How to Invest in Real Estate Full Time
- Should you be a buy and hold investor or a wholesaler/flipper? Why not both?
- 5 Key Steps for Successful Real Estate Investment Planning
- Whether you're an experienced real estate investor or a part-time newbie just getting your feet wet, the following five key steps will aid you in reaching your goals
- The Biggest Mistakes Amateur Real Estate Investors Make
- What I've discovered in 19 years as a real estate investor/landlord is the lack of success in real estate really boils down to the making of a few simple mistakes.
- Young Investor Reveals How to Get Around the #1 Problem for Foreclosures
- How to inspect the property is the biggest obstacle for buying this type of real estate.
- 5 Problems That Can Kill a Real Estate Sale Cold
- You're preparing a property for a quick sale. Since time is money you don't want anything involving the showing or presentation to interfere with your profits.
How to Stop Fraudulent Real Estate Gurus from Taking Your Money
4 Tips for Avoiding Real Estate Seminar Scams
You've seen their info-commercials. You may have even attended some of their "free classes". It all sounds so good, and they make it so convincing.How can you really know those "real estate millionaire gurus" are telling the truth?
Here are 4 specific tips for avoiding their scams.
Guru Scam Tip #1: General Advice Instead of Hard-hitting Real Answers
You have questions and you need answers. You're not there for generalities. You don't want the philosophical. You don't want to hear about how they spend the millions they've made. You want to know how you can make money in real estate.
So if they don't get specific as in "Do Steps 1-10 to get results ABC and D," you might as well have flushed your money down the garbage disposal.
Guru Scam Tip #2: "Free Classes and Tickets"
Free= Sales presentation.
In my opinion, this is one of the biggest problems. Innocent investors are often roped in with the promise of insider information. And these are sophisticated, well educated people.
They know better, but the presenter tells them this time it will be different. A small $1500 investment now will bring in hundreds of thousands later.
Don't fall for their fast talk which is just that, expensive talk.
Guru Scam Tip #3: Sales Deadlines
"You have to run to the back of the room now or the deal's off," they will shout.
How many times have we seen that technique?
Don't fall for it. The only reason why they do that is they don't want to give you extra time to think.
Your thinking could potentially uncover the weaknesses of the presentation. Every moment that passes before you get your credit card out, is a moment in your favor.
Guru Scam Tip #4: Due Diligence
Real estate investors and landlords are well known for the term due diligence.
It means we really check things out. We have to. Our money is on the line.
So why is it we don't check out the company or the person making the sales presentation?
It's amazing what we can discover with only a few mouse clicks. For instance, does the company have any ongoing lawsuits and investigations by the Securities and Exchange Commission? If so, run.
In your eagerness to learn don't get taken in by the wrong teachers. You can learn a lot online and then invest in books and courses from proven investors who really know their stuff.
Next time, ask the right questions before you spend your money.
New Link List
- My Big Mistake with My New Tenants, Part I
- As soon as my new tenants had moved in, there was trouble.
- My Big Mistake with My New Tenants, Part II
- I convinced them the barking dog was leaving with or without them, but he was going. My bluff worked.
- How to Get Rid of Pesky Apartment Snoops
- These folks can take up almost as much of your time as your tenants. Here's how to stop them.
- CNN Money's Five Dumbest Renovation Trends
- After the Great Rooms, larger than life kitchens and fancy lighting, now it's all coming down to whether the house is actually livable or not.
- Young Investor Reveals How to Get Around the #1 Problem for Foreclosures
- How to inspect the property is the biggest obstacle for buying this type of real estate.
Warning: This lens is Politically Incorrect
Why a Housing Bust Could be the Best Thing That Ever Happened to You
There are millions of homeowners who are struggling to pay their mortgages. Will they go under?But we don't think that's the greatest threat to the economy. We think China could throw the housing market into chaos.
Not only are we not worried, but we think should it happen, it will present unpresidented investment opportunites for the investor with the cash.
A Housing Market Ripe with Opportunity
- Could China Send Housing Over the Edge?
- China and America could find themselves feuding over trade tarriffs. If China decides to get out of Treasury Bonds the dollar could possibly collapse. That could send real estate reeling. Are you adequately prepared?
Your Path to Profits Via Today's Real Estate Market
It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate."Donald Tump
My Readers' Favorites
The Funny Side of Real Eestate
These comic posts have received some of the highest ratings from the readers of my blog Real Estate Windfall.
- Flip That House Review
- This is my review of real estate reality show Flip That House, which more appropriately could be referred to as Flip That Flop.
- Flip This House Review
- You kind of know exactly where you're being lead especially when veteran Atlanta Flipper Sam Leccima says "I'm a real estate anthropologist; houses are wildlife to me."
- Finding the Correct Car to Drive Around Your Tenants
- I'm still searching for the perfect landlording vehicle. That's a car I actually like that I can drive around my tenants.
- Learning Curve With My New Landlording Vehicle
- Since when did you have to read an instruction manual to drive a tiny Chevrolet?
- The Lifer Tenant
- Tenants for life. Don't you just love them?
But here's the thing. Some of them think we're crazy. Do we really care?
New Guestbook
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- John John Dec 9, 2007 @ 4:10 am
- When a person is in foreclosure, they are under stress and are probably frightened and worried. They are not sure what they should do to handle their problem. When someone stops paying on their mortgage, they have already stopped paying on all of their other debts. These other debts usually include credit cards and personal loans; the mortgage is always the last thing they stop paying.
http://www.thejohnbeck.tv
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- ShortSaleRealtor ShortSaleRealtor Oct 12, 2007 @ 7:22 pm
- great lens 5 stars 4 u
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- franke1 franke1 Sep 30, 2007 @ 2:03 am
- Hi, nice blog. Pretty informative. But,before you start signing papers with a broker, it is important to discuss fees. Brokers work on a commission basis and often receive lender fees. The broker is usually paid by the buyer or lender. You can pay the broker with cash, rebates, or proceeds from your loan. The fees are added to your total amount.
thanks, john http://www.thejohnbeck.tv
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